Waterfront Philippines, Incorporated (PSE: WPI)

Waterfront Philippines 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	1,833	1,764	1,462	989.16	1,033	1,961
Revenue	1,833	1,764	1,462	989.16	1,033	1,961
Revenue Growth (YoY)	4.73%	20.68%	47.79%	-4.26%	-47.32%	8.27%
Cost of Revenue	780.61	729.94	683.11	446.53	479.63	933.42
Gross Profit	1,052	1,034	778.81	542.62	553.53	1,028
Selling, General & Admin	11.46	11.46	5.08	2.67	7.2	17.52
Other Operating Expenses	393.53	393.53	305.19	195.99	230.82	429
Operating Expenses	739.15	738.4	605.63	532.55	581.59	706.17
Operating Income	312.85	295.93	173.18	10.07	-28.05	321.51
Interest Expense	-260.84	-299.82	-166.38	-102.88	-169.38	-200.95
Interest & Investment Income	135.58	141.17	91.42	109.82	130.29	285.33
Currency Exchange Gain (Loss)	-12.14	-12.14	-5.62	-11.22	10.67	-5.91
Other Non Operating Income (Expenses)	24.08	37.51	24.03	423.55	9.02	-4.75
EBT Excluding Unusual Items	199.52	162.65	116.63	429.35	-47.46	395.23
Asset Writedown	-18.27	-18.27	-0.31	-	-	-
Other Unusual Items	1.81	1.81	0.49	0.75	-	-
Pretax Income	183.06	146.18	116.81	430.1	807.06	629.32
Income Tax Expense	110.88	107.63	65.93	-100.71	123.6	158.33
Earnings From Continuing Operations	72.18	38.56	50.88	530.8	683.47	470.99
Minority Interest in Earnings	30.29	30.29	31.91	23.31	-288.91	-31.41
Net Income	102.46	68.84	82.79	554.11	394.56	439.57
Net Income to Common	102.46	68.84	82.79	554.11	394.56	439.57
Net Income Growth	-	-16.85%	-85.06%	40.44%	-10.24%	946.12%
Shares Outstanding (Basic)	3,015	2,499	2,499	2,499	2,499	2,499
Shares Outstanding (Diluted)	3,015	2,499	2,499	2,499	2,499	2,499
Shares Change (YoY)	52.91%	-	-	-	-	-
EPS (Basic)	0.03	0.03	0.03	0.22	0.16	0.18
EPS (Diluted)	0.03	0.03	0.03	0.22	0.16	0.18
EPS Growth	-	-16.52%	-85.12%	40.44%	-10.24%	946.15%
Free Cash Flow	-874.87	715.35	-83.09	-35.15	-243.79	-325.36
Free Cash Flow Per Share	-0.29	0.29	-0.03	-0.01	-0.10	-0.13
Gross Margin	57.40%	58.63%	53.27%	54.86%	53.58%	52.40%
Operating Margin	17.07%	16.77%	11.85%	1.02%	-2.72%	16.39%
Profit Margin	5.59%	3.90%	5.66%	56.02%	38.19%	22.41%
Free Cash Flow Margin	-47.74%	40.55%	-5.68%	-3.55%	-23.60%	-16.59%
EBITDA	640.67	623.01	464.91	340.33	304.83	552.82
EBITDA Margin	34.96%	35.31%	31.80%	34.41%	29.50%	28.19%
D&A For EBITDA	327.82	327.08	291.73	330.25	332.88	231.31
EBIT	312.85	295.93	173.18	10.07	-28.05	321.51
EBIT Margin	17.07%	16.77%	11.85%	1.02%	-2.72%	16.39%
Effective Tax Rate	60.57%	73.62%	56.44%	-	15.31%	25.16%
Revenue as Reported	1,866	1,804	1,486	997.79	1,055	1,997
Advertising Expenses	-	11.46	5.08	2.67	7.2	17.52

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