SM Investments Corporation (PSE: SM)

SM Investments 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
Operating Revenue	523,513	505,634	455,533	369,453	363,655	465,250
Other Revenue	114,817	110,618	97,466	62,280	33,431	36,720
Revenue	638,330	616,252	552,999	431,734	397,086	501,969
Revenue Growth (YoY)	4.41%	11.44%	28.09%	8.73%	-20.89%	11.60%
Cost of Revenue	354,768	339,079	318,062	257,022	245,456	286,309
Gross Profit	283,562	277,173	234,937	174,712	151,631	215,661
Selling, General & Admin	85,785	85,785	69,943	56,600	92,737	110,190
Other Operating Expenses	26,112	26,112	24,953	11,825	-	-
Operating Expenses	134,642	134,642	116,637	88,225	92,737	110,190
Operating Income	148,921	142,531	118,300	86,487	58,894	105,470
Interest Expense	-24,410	-24,085	-21,547	-19,139	-18,415	-19,512
Interest & Investment Income	4,438	4,048	3,042	2,203	2,453	3,881
Currency Exchange Gain (Loss)	328.7	328.7	209	790.1	268	561.7
Other Non Operating Income (Expenses)	-400.05	-392.57	24.13	86.83	-153.06	6.38
EBT Excluding Unusual Items	128,877	122,431	100,028	70,429	43,046	90,408
Gain (Loss) on Sale of Investments	687.54	386.34	-577.96	579.68	-1,019	-3,793
Other Unusual Items	-	-	-310.15	-7,358	-	-
Pretax Income	129,564	122,817	99,140	63,650	42,026	86,614
Income Tax Expense	16,302	16,632	14,795	9,007	7,201	17,170
Earnings From Continuing Operations	113,263	106,185	84,345	54,644	34,825	69,444
Minority Interest in Earnings	-31,267	-29,196	-22,692	-14,232	-10,935	-24,876
Net Income	81,995	76,989	61,654	40,412	23,890	44,568
Net Income to Common	81,995	76,989	61,654	40,412	23,890	44,568
Net Income Growth	9.82%	24.87%	52.56%	69.16%	-46.40%	20.20%
Shares Outstanding (Basic)	1,222	1,222	1,212	1,205	1,205	1,205
Shares Outstanding (Diluted)	1,222	1,222	1,212	1,205	1,205	1,205
Shares Change (YoY)	-0.00%	0.84%	0.60%	-	-	-
EPS (Basic)	67.10	63.00	50.88	33.55	19.83	37.00
EPS (Diluted)	67.10	63.00	50.88	33.55	19.83	37.00
EPS Growth	9.82%	23.83%	51.65%	69.16%	-46.40%	20.20%
Free Cash Flow	81,082	78,518	75,006	34,449	32,290	64,226
Free Cash Flow Per Share	66.35	64.25	61.89	28.60	26.81	53.32
Dividend Per Share	9.000	9.000	7.500	6.250	4.250	4.250
Dividend Growth	20.00%	20.00%	20.00%	47.06%	0%	-53.40%
Gross Margin	44.42%	44.98%	42.48%	40.47%	38.19%	42.96%
Operating Margin	23.33%	23.13%	21.39%	20.03%	14.83%	21.01%
Profit Margin	12.85%	12.49%	11.15%	9.36%	6.02%	8.88%
Free Cash Flow Margin	12.70%	12.74%	13.56%	7.98%	8.13%	12.79%
EBITDA	167,935	163,153	137,871	107,424	77,888	124,841
EBITDA Margin	26.31%	26.48%	24.93%	24.88%	19.61%	24.87%
D&A For EBITDA	19,014	20,622	19,571	20,936	18,995	19,371
EBIT	148,921	142,531	118,300	86,487	58,894	105,470
EBIT Margin	23.33%	23.13%	21.39%	20.03%	14.83%	21.01%
Effective Tax Rate	12.58%	13.54%	14.92%	14.15%	17.14%	19.82%
Revenue as Reported	638,330	616,252	552,999	431,734	397,086	501,969

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