Shell Pilipinas Corporation (PSE: SHLPH)

Shell Pilipinas Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	248,209	253,316	291,483	177,157	156,952	218,403
Revenue Growth (YoY)	-7.56%	-13.09%	64.53%	12.87%	-28.14%	-0.21%
Cost of Revenue	197,878	203,277	236,197	127,255	122,763	165,394
Gross Profit	50,331	50,039	55,286	49,901	34,189	53,009
Selling, General & Admin	17,240	16,892	15,685	13,667	13,121	13,069
Other Operating Expenses	29,923	29,278	31,096	27,028	31,039	30,421
Operating Expenses	47,163	46,170	46,781	40,695	44,159	43,490
Operating Income	3,168	3,869	8,504	9,206	-9,971	9,519
Interest Expense	-3,796	-3,591	-1,966	-1,496	-2,228	-1,803
Interest & Investment Income	2.45	2.45	0.53	3.07	5.71	1.56
Earnings From Equity Investments	90.98	90.98	105.19	16.37	80.49	10.41
Currency Exchange Gain (Loss)	83.57	83.57	-1,146	-676.58	274.37	510.14
Other Non Operating Income (Expenses)	-71.81	-3.01	-0.4	-20.3	-8.22	-9.7
EBT Excluding Unusual Items	-522.87	451.85	5,497	7,033	-11,846	8,228
Merger & Restructuring Charges	-	-	-	-	-11,124	-
Gain (Loss) on Sale of Assets	-403.95	-52.81	-30.6	41.59	-55.62	-9.8
Asset Writedown	997.01	997.01	-0.26	-308.84	-0.77	-163.25
Legal Settlements	218.09	218.09	-	-	-1.27	-34.2
Pretax Income	288.29	1,614	5,466	6,766	-23,028	8,021
Income Tax Expense	176.54	431.24	1,391	2,910	-6,846	2,400
Net Income	111.74	1,183	4,076	3,856	-16,183	5,621
Net Income to Common	111.74	1,183	4,076	3,856	-16,183	5,621
Net Income Growth	-93.52%	-70.98%	5.71%	-	-	10.73%
Shares Outstanding (Basic)	1,613	1,613	1,613	1,613	1,613	1,613
Shares Outstanding (Diluted)	1,613	1,613	1,613	1,613	1,613	1,613
EPS (Basic)	0.07	0.73	2.53	2.39	-10.03	3.48
EPS (Diluted)	0.07	0.73	2.53	2.39	-10.03	3.48
EPS Growth	-93.50%	-70.98%	5.71%	-	-	10.73%
Free Cash Flow	4,096	-1,164	-3,128	-2,341	1,907	2,169
Free Cash Flow Per Share	2.54	-0.72	-1.94	-1.45	1.18	1.34
Dividend Per Share	-	-	1.000	-	-	-
Gross Margin	20.28%	19.75%	18.97%	28.17%	21.78%	24.27%
Operating Margin	1.28%	1.53%	2.92%	5.20%	-6.35%	4.36%
Profit Margin	0.05%	0.47%	1.40%	2.18%	-10.31%	2.57%
Free Cash Flow Margin	1.65%	-0.46%	-1.07%	-1.32%	1.21%	0.99%
EBITDA	6,501	5,961	10,288	10,860	-7,979	11,534
EBITDA Margin	2.62%	2.35%	3.53%	6.13%	-5.08%	5.28%
D&A For EBITDA	3,333	2,092	1,784	1,654	1,992	2,015
EBIT	3,168	3,869	8,504	9,206	-9,971	9,519
EBIT Margin	1.28%	1.53%	2.92%	5.20%	-6.35%	4.36%
Effective Tax Rate	61.24%	26.72%	25.44%	43.01%	-	29.92%
Revenue as Reported	253,316	253,316	291,483	177,157	156,952	218,403
Advertising Expenses	-	637.93	849.48	904.23	689.84	921.55

Source: S&P Capital IQ. Standard template. Financial Sources.