San Miguel Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	1,565,136	1,446,703	1,506,591	941,193	725,797	1,020,502	Upgrade
Revenue Growth (YoY)	7.56%	-3.98%	60.07%	29.68%	-28.88%	-0.43%	Upgrade
Cost of Revenue	1,312,093	1,212,489	1,318,245	754,125	576,832	822,399	Upgrade
Gross Profit	253,043	234,214	188,346	187,068	148,965	198,103	Upgrade
Selling, General & Admin	78,295	71,134	63,984	60,474	58,861	66,530	Upgrade
Research & Development	80	80	45	38	50	152	Upgrade
Other Operating Expenses	6,306	3,965	39	3,534	6,998	4,022	Upgrade
Operating Expenses	97,148	87,646	75,464	74,546	76,396	80,958	Upgrade
Operating Income	155,895	146,568	112,882	112,522	72,569	117,145	Upgrade
Interest Expense	-93,445	-86,838	-57,093	-45,521	-49,012	-52,869	Upgrade
Interest & Investment Income	15,048	14,052	8,460	6,265	7,526	12,561	Upgrade
Earnings From Equity Investments	1,949	1,729	1,197	1,040	417	105	Upgrade
Currency Exchange Gain (Loss)	8,754	2,485	-21,518	-4,846	5,444	5,422	Upgrade
Other Non Operating Income (Expenses)	-4,784	-4,784	-3,817	-3,289	-4,126	-4,194	Upgrade
EBT Excluding Unusual Items	83,417	73,212	40,111	66,171	32,818	78,170	Upgrade
Impairment of Goodwill	-188	-188	-789	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	89	83	733	167	403	727	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	-237	Upgrade
Asset Writedown	-130	-	-	-386	192	-1,573	Upgrade
Other Unusual Items	-	-	22	-	3,997	-	Upgrade
Pretax Income	83,188	73,107	40,077	65,952	37,410	77,087	Upgrade
Income Tax Expense	32,582	28,408	13,317	17,793	15,531	28,513	Upgrade
Earnings From Continuing Operations	50,606	44,699	26,760	48,159	21,879	48,574	Upgrade
Net Income to Company	50,606	44,699	26,760	48,159	21,879	48,574	Upgrade
Minority Interest in Earnings	-45,576	-44,501	-39,728	-34,234	-18,906	-27,245	Upgrade
Net Income	5,030	198	-12,968	13,925	2,973	21,329	Upgrade
Preferred Dividends & Other Adjustments	9,095	6,192	6,450	8,006	6,940	7,187	Upgrade
Net Income to Common	-4,065	-5,994	-19,418	5,919	-3,967	14,142	Upgrade
Net Income Growth	119.36%	-	-	368.38%	-86.06%	-7.57%	Upgrade
Shares Outstanding (Basic)	2,384	2,384	2,384	2,384	2,384	2,384	Upgrade
Shares Outstanding (Diluted)	2,384	2,384	2,384	2,384	2,384	2,384	Upgrade
Shares Change (YoY)	-	-	-	-	-	0.04%	Upgrade
EPS (Basic)	-1.71	-2.51	-8.15	2.48	-1.66	5.93	Upgrade
EPS (Diluted)	-1.71	-2.51	-8.15	2.48	-1.66	5.93	Upgrade
EPS Growth	-	-	-	-	-	-10.30%	Upgrade
Free Cash Flow	20,801	12,243	-87,429	-24,283	-7,697	27,847	Upgrade
Free Cash Flow Per Share	8.73	5.14	-36.67	-10.19	-3.23	11.68	Upgrade
Dividend Per Share	1.400	1.400	1.400	1.400	1.400	1.400	Upgrade
Gross Margin	16.17%	16.19%	12.50%	19.88%	20.52%	19.41%	Upgrade
Operating Margin	9.96%	10.13%	7.49%	11.96%	10.00%	11.48%	Upgrade
Profit Margin	-0.26%	-0.41%	-1.29%	0.63%	-0.55%	1.39%	Upgrade
Free Cash Flow Margin	1.33%	0.85%	-5.80%	-2.58%	-1.06%	2.73%	Upgrade
EBITDA	201,257	191,736	154,821	150,046	107,219	160,206	Upgrade
EBITDA Margin	12.86%	13.25%	10.28%	15.94%	14.77%	15.70%	Upgrade
D&A For EBITDA	45,362	45,168	41,939	37,524	34,650	43,061	Upgrade
EBIT	155,895	146,568	112,882	112,522	72,569	117,145	Upgrade
EBIT Margin	9.96%	10.13%	7.49%	11.96%	10.00%	11.48%	Upgrade
Effective Tax Rate	39.17%	38.86%	33.23%	26.98%	41.52%	36.99%	Upgrade
Advertising Expenses	-	7,015	5,885	5,586	5,375	9,682	Upgrade

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