Formosa Oilseed Processing Co., Ltd. (TPE: 1225)

Formosa Oilseed Processing Income Statement

Financials in millions TWD. 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	13,187	14,541	15,274	13,104	10,213	10,647
Other Revenue	2.68	2.68	0.82	-	-	-
Revenue	13,190	14,544	15,274	13,104	10,213	10,647
Revenue Growth (YoY)	-11.72%	-4.78%	16.56%	28.30%	-4.07%	-5.31%
Cost of Revenue	12,076	13,483	14,305	11,969	9,143	9,634
Gross Profit	1,114	1,061	969.27	1,135	1,070	1,013
Selling, General & Admin	603.8	598.8	601.37	590.45	573.48	574.07
Research & Development	43.4	41.89	38.58	36.72	35.12	33.07
Other Operating Expenses	0.9	-0.38	1.51	0.03	0.31	-1.12
Operating Expenses	646.76	640.32	640.43	626.32	605.21	605.44
Operating Income	467.06	420.28	328.84	508.94	465.21	407.1
Interest Expense	-70.1	-74.75	-54.9	-25.34	-28.69	-34.98
Interest & Investment Income	7.66	6.92	3.7	3.98	10.66	25.14
Earnings From Equity Investments	52.74	53.55	57.23	42.02	39.66	28.1
Currency Exchange Gain (Loss)	29.39	34.39	51.45	39.49	26.6	24.87
Other Non Operating Income (Expenses)	23.99	6.9	3.45	5.57	6.78	4.22
EBT Excluding Unusual Items	510.73	447.28	389.76	574.65	520.22	454.45
Gain (Loss) on Sale of Assets	-0.41	0	0.52	0.06	0.6	0.34
Asset Writedown	49.84	42.79	31.45	21.84	42.35	36.28
Other Unusual Items	-	0.01	-	-	-	2.1
Pretax Income	560.17	490.08	421.73	596.55	563.17	493.18
Income Tax Expense	99.55	80.88	74.58	109.7	145.39	97.7
Earnings From Continuing Operations	460.61	409.2	347.15	486.85	417.79	395.48
Minority Interest in Earnings	-51.51	-41.32	21.85	-33.74	-42.03	-56.48
Net Income	409.11	367.88	368.99	453.11	375.76	339
Net Income to Common	409.11	367.88	368.99	453.11	375.76	339
Net Income Growth	55.91%	-0.30%	-18.56%	20.59%	10.84%	32.61%
Shares Outstanding (Basic)	230	230	230	230	230	230
Shares Outstanding (Diluted)	230	230	230	230	230	230
Shares Change (YoY)	-0.06%	-0.01%	-0.03%	-0.02%	0.02%	0.07%
EPS (Basic)	1.78	1.60	1.61	1.97	1.64	1.48
EPS (Diluted)	1.78	1.60	1.61	1.97	1.64	1.48
EPS Growth	55.79%	-0.43%	-18.49%	20.48%	10.85%	32.61%
Free Cash Flow	251.67	939.04	-226.82	-928.66	86.31	-288.66
Free Cash Flow Per Share	1.10	4.09	-0.99	-4.04	0.38	-1.26
Dividend Per Share	1.400	1.400	1.429	1.524	1.333	1.238
Dividend Growth	-2.00%	-2.00%	-6.25%	14.29%	7.69%	13.05%
Gross Margin	8.44%	7.29%	6.35%	8.66%	10.48%	9.51%
Operating Margin	3.54%	2.89%	2.15%	3.88%	4.55%	3.82%
Profit Margin	3.10%	2.53%	2.42%	3.46%	3.68%	3.18%
Free Cash Flow Margin	1.91%	6.46%	-1.48%	-7.09%	0.85%	-2.71%
EBITDA	647.09	597.77	490.47	623.45	579.88	520.75
EBITDA Margin	4.91%	4.11%	3.21%	4.76%	5.68%	4.89%
D&A For EBITDA	180.03	177.48	161.64	114.5	114.67	113.65
EBIT	467.06	420.28	328.84	508.94	465.21	407.1
EBIT Margin	3.54%	2.89%	2.15%	3.88%	4.55%	3.82%
Effective Tax Rate	17.77%	16.50%	17.68%	18.39%	25.82%	19.81%
Revenue as Reported	13,188	14,544	15,274	13,104	10,213	10,647

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