PLDT Inc. (PSE: TEL)

PLDT Inc. 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	215,539	210,953	204,362	192,186	181,004	169,187
Revenue Growth (YoY)	3.33%	3.23%	6.34%	6.18%	6.98%	3.85%
Cost of Revenue	58,309	55,785	49,607	42,031	36,930	37,545
Gross Profit	157,230	155,168	154,755	150,155	144,074	131,642
Selling, General & Admin	49,267	49,669	50,525	52,848	51,075	44,927
Operating Expenses	112,816	112,453	103,218	104,926	99,746	87,437
Operating Income	44,414	42,715	51,537	45,229	44,328	44,205
Interest Expense	-14,584	-13,665	-11,544	-10,297	-10,007	-8,458
Interest & Investment Income	1,001	1,016	653	655	1,210	1,745
Earnings From Equity Investments	-1,622	-2,806	-3,304	-1,101	-2,328	-1,535
Currency Exchange Gain (Loss)	2,510	1,149	-4,687	-3,899	1,488	424
Other Non Operating Income (Expenses)	1,818	1,844	11,613	4,524	2,713	671
EBT Excluding Unusual Items	33,537	30,253	44,268	35,111	37,404	37,052
Merger & Restructuring Charges	-1,566	-2,021	-5,028	-269	-2,625	-3,296
Gain (Loss) on Sale of Investments	-	-	660	1,247	394	-
Gain (Loss) on Sale of Assets	4,092	8,245	26,000	884	3,369	88
Asset Writedown	-67	-	-51,573	-4,089	-5,521	-1,508
Other Unusual Items	-	-	-295	1,372	-	-
Pretax Income	35,996	36,477	14,032	34,256	33,021	32,336
Income Tax Expense	8,918	9,612	2,697	7,459	8,441	9,550
Earnings From Continuing Operations	27,078	26,865	11,335	26,797	24,580	22,786
Earnings From Discontinued Operations	-28	-41	-600	-121	-	-
Net Income to Company	27,050	26,824	10,735	26,676	24,580	22,786
Minority Interest in Earnings	-245	-210	-250	-309	-296	-265
Net Income	26,805	26,614	10,485	26,367	24,284	22,521
Preferred Dividends & Other Adjustments	59	59	59	59	59	59
Net Income to Common	26,746	26,555	10,426	26,308	24,225	22,462
Net Income Growth	146.71%	153.83%	-60.23%	8.58%	7.83%	19.06%
Shares Outstanding (Basic)	216	216	216	216	216	216
Shares Outstanding (Diluted)	216	216	216	216	216	216
EPS (Basic)	123.79	122.91	48.26	121.76	112.12	103.96
EPS (Diluted)	123.79	122.91	48.25	121.76	112.12	103.96
EPS Growth	147.52%	154.72%	-60.37%	8.60%	7.85%	19.12%
Free Cash Flow	27,761	7,330	-19,351	-12,007	6,976	-20,309
Free Cash Flow Per Share	128.49	33.93	-89.56	-55.57	32.29	-94.00
Dividend Per Share	96.000	95.000	92.000	84.000	78.000	75.000
Dividend Growth	2.13%	3.26%	9.52%	7.69%	4.00%	4.17%
Gross Margin	72.95%	73.56%	75.73%	78.13%	79.60%	77.81%
Operating Margin	20.61%	20.25%	25.22%	23.53%	24.49%	26.13%
Profit Margin	12.41%	12.59%	5.10%	13.69%	13.38%	13.28%
Free Cash Flow Margin	12.88%	3.47%	-9.47%	-6.25%	3.85%	-12.00%
EBITDA	86,767	89,783	87,589	90,852	88,783	83,111
EBITDA Margin	40.26%	42.56%	42.86%	47.27%	49.05%	49.12%
D&A For EBITDA	42,353	47,068	36,052	45,623	44,455	38,906
EBIT	44,414	42,715	51,537	45,229	44,328	44,205
EBIT Margin	20.61%	20.25%	25.22%	23.53%	24.49%	26.13%
Effective Tax Rate	24.77%	26.35%	19.22%	21.77%	25.56%	29.53%
Revenue as Reported	215,539	210,953	204,362	192,186	181,004	169,187

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