The Israel Land Development Company Ltd. (TLV: ILDC)

ILDC Income Statement

Financials in millions ILS. 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
Rental Revenue	532.53	492.31	358.36	293.91	266.74	275.28
Other Revenue	465.32	404.06	322.87	224.51	78.01	152.46
Total Revenue	997.84	896.38	681.23	518.42	344.75	427.74
Revenue Growth (YoY	50.25%	31.58%	31.41%	50.37%	-19.40%	-21.52%
Property Expenses	608.47	505.68	321.83	274.24	193.78	238.07
Selling, General & Administrative	109.3	104.75	95.82	83.21	73.19	36.44
Depreciation & Amortization	-	-	-	-	-	4
Other Operating Expenses	4.97	7.29	6.92	-3.96	-6.02	39.57
Total Operating Expenses	722.74	617.71	424.57	353.49	260.95	319.12
Operating Income	275.1	278.67	256.66	164.93	83.81	108.61
Interest Expense	-261.9	-252.12	-226.51	-145.12	-98.28	-125.25
Interest & Investment Income	-34.46	15.93	5.33	0.15	1.22	0.54
Currency Exchange Gain (Loss)	114.05	114.05	60.92	-26.98	-62.21	-10.23
Other Non-Operating Income	3.04	3.04	21.62	-25.56	20.51	-1.07
EBT Excluding Unusual Items	95.85	159.57	118.02	-32.58	-54.96	-27.4
Gain (Loss) on Sale of Investments	-	-	-2.29	-3.03	-0.99	-
Gain (Loss) on Sale of Assets	-0.02	-0.02	-1.16	-	0.7	-0.49
Asset Writedown	310.7	-97.67	446.45	601.62	118.41	315.88
Total Legal Settlements	-	-	-	-	-16.27	-1.59
Pretax Income	406.53	61.88	561.03	566.01	46.89	286.4
Income Tax Expense	67.85	17.6	122.26	105.73	-70.61	98.14
Earnings From Continuing Operations	338.69	44.28	438.77	460.29	117.49	188.27
Earnings From Discontinued Operations	-	-	-	-	-0.89	-11.65
Net Income to Company	338.69	44.28	438.77	460.29	116.6	176.62
Minority Interest in Earnings	-172.23	24.88	-217.31	-238.28	-92.75	-71.7
Net Income	166.46	69.16	221.46	222.01	23.85	104.92
Net Income to Common	166.46	69.16	221.46	222.01	23.85	104.92
Net Income Growth	-	-68.77%	-0.25%	830.73%	-77.27%	128.36%
Basic Shares Outstanding	36	37	37	34	35	28
Diluted Shares Outstanding	39	39	39	36	36	28
Shares Change (YoY)	3.32%	-0.79%	9.37%	-2.03%	27.88%	0.62%
EPS (Basic)	4.58	1.88	5.96	6.56	0.69	3.69
EPS (Diluted)	4.25	1.79	5.68	6.23	0.66	3.69
EPS Growth	-	-68.49%	-8.83%	850.41%	-82.22%	127.82%
Dividend Per Share	-	-	1.343	1.282	-	0.680
Dividend Growth	-	-	4.70%	-	-	-4.23%
Operating Margin	27.57%	31.09%	37.68%	31.81%	24.31%	25.39%
Profit Margin	16.68%	7.71%	32.51%	42.82%	6.92%	24.53%
Free Cash Flow Margin	18.31%	-3.03%	37.52%	27.73%	-20.18%	3.11%
EBITDA	284.79	290.22	260.95	184.08	101.95	157.82
EBITDA Margin	28.54%	32.38%	38.31%	35.51%	29.57%	36.90%
D&A For Ebitda	9.68	11.55	4.3	19.15	18.14	49.2
EBIT	275.1	278.67	256.66	164.93	83.81	108.61
EBIT Margin	27.57%	31.09%	37.68%	31.81%	24.31%	25.39%
Effective Tax Rate	16.69%	28.44%	21.79%	18.68%	-	34.27%
Revenue as Reported	1,020	892.26	672.68	478.12	354.54	427

Source: S&P Capital IQ. Real Estate template. Financial Sources.