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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,798	1,764	1,462	989.16	1,033	1,961
Other Revenue	13.36	-	-	-	-	-
Revenue	1,812	1,764	1,462	989.16	1,033	1,961
Revenue Growth (YoY)	-9.95%	20.68%	47.79%	-4.26%	-47.32%	8.27%
Cost of Revenue	783.83	729.94	683.11	446.53	479.63	933.42
Gross Profit	1,028	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	738.68	738.4	605.63	532.55	581.59	706.17
Operating Income	289.33	295.93	173.18	10.07	-28.05	321.51
Interest Expense	-268.47	-299.82	-166.38	-102.88	-169.38	-200.95
Interest & Investment Income	161.91	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)	37.35	37.51	24.03	423.55	9.02	-4.75
EBT Excluding Unusual Items	207.98	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	191.51	146.18	116.81	430.1	807.06	629.32
Income Tax Expense	119.96	107.63	65.93	-100.71	123.6	158.33
Earnings From Continuing Operations	71.55	38.56	50.88	530.8	683.47	470.99
Minority Interest in Earnings	29.94	30.29	31.91	23.31	-288.91	-31.41
Net Income	101.5	68.84	82.79	554.11	394.56	439.57
Net Income to Common	101.5	68.84	82.79	554.11	394.56	439.57
Net Income Growth	-10.10%	-16.85%	-85.06%	40.44%	-10.24%	946.12%
Shares Outstanding (Basic)	2,499	2,499	2,499	2,499	2,499	2,499
Shares Outstanding (Diluted)	2,499	2,499	2,499	2,499	2,499	2,499
Shares Change (YoY)	0.62%	-	-	-	-	-
EPS (Basic)	0.04	0.03	0.03	0.22	0.16	0.18
EPS (Diluted)	0.04	0.03	0.03	0.22	0.16	0.18
EPS Growth	-10.66%	-16.52%	-85.12%	40.44%	-10.24%	946.15%
Free Cash Flow	-771.32	715.35	-83.09	-35.15	-243.79	-325.36
Free Cash Flow Per Share	-0.31	0.29	-0.03	-0.01	-0.10	-0.13
Gross Margin	56.74%	58.63%	53.27%	54.86%	53.58%	52.40%
Operating Margin	15.97%	16.77%	11.85%	1.02%	-2.72%	16.39%
Profit Margin	5.60%	3.90%	5.66%	56.02%	38.19%	22.41%
Free Cash Flow Margin	-42.57%	40.55%	-5.68%	-3.55%	-23.60%	-16.59%
EBITDA	626.4	623.01	464.91	340.33	304.83	552.82
EBITDA Margin	34.57%	35.31%	31.80%	34.41%	29.50%	28.19%
D&A For EBITDA	337.07	327.08	291.73	330.25	332.88	231.31
EBIT	289.33	295.93	173.18	10.07	-28.05	321.51
EBIT Margin	15.97%	16.77%	11.85%	1.02%	-2.72%	16.39%
Effective Tax Rate	62.64%	73.62%	56.44%	-	15.31%	25.16%
Revenue as Reported	1,872	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.