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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	13,647	14,541	15,274	13,104	10,213	10,647
Other Revenue	2.68	2.68	0.82	-	-	-
Revenue	13,649	14,544	15,274	13,104	10,213	10,647
Revenue Growth (YoY)	-10.43%	-4.78%	16.56%	28.30%	-4.07%	-5.31%
Cost of Revenue	12,465	13,483	14,305	11,969	9,143	9,634
Gross Profit	1,184	1,061	969.27	1,135	1,070	1,013
Selling, General & Admin	607.31	598.8	601.37	590.45	573.48	574.07
Research & Development	42.95	41.89	38.58	36.72	35.12	33.07
Other Operating Expenses	3.35	-0.38	1.51	0.03	0.31	-1.12
Operating Expenses	652.53	640.32	640.43	626.32	605.21	605.44
Operating Income	531.77	420.28	328.84	508.94	465.21	407.1
Interest Expense	-69.67	-74.75	-54.9	-25.34	-28.69	-34.98
Interest & Investment Income	7.57	6.92	3.7	3.98	10.66	25.14
Earnings From Equity Investments	57.84	53.55	57.23	42.02	39.66	28.1
Currency Exchange Gain (Loss)	36.99	34.39	51.45	39.49	26.6	24.87
Other Non Operating Income (Expenses)	25.58	6.9	3.45	5.57	6.78	4.22
EBT Excluding Unusual Items	590.08	447.28	389.76	574.65	520.22	454.45
Gain (Loss) on Sale of Assets	-0.01	0	0.52	0.06	0.6	0.34
Asset Writedown	50.81	42.79	31.45	21.84	42.35	36.28
Other Unusual Items	-	0.01	-	-	-	2.1
Pretax Income	640.88	490.08	421.73	596.55	563.17	493.18
Income Tax Expense	113.97	80.88	74.58	109.7	145.39	97.7
Earnings From Continuing Operations	526.9	409.2	347.15	486.85	417.79	395.48
Minority Interest in Earnings	-57.04	-41.32	21.85	-33.74	-42.03	-56.48
Net Income	469.87	367.88	368.99	453.11	375.76	339
Net Income to Common	469.87	367.88	368.99	453.11	375.76	339
Net Income Growth	285.45%	-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)	0.00%	-0.01%	-0.03%	-0.02%	0.02%	0.07%
EPS (Basic)	2.05	1.60	1.61	1.97	1.64	1.48
EPS (Diluted)	2.04	1.60	1.61	1.97	1.64	1.48
EPS Growth	284.30%	-0.43%	-18.49%	20.48%	10.85%	32.61%
Free Cash Flow	505.64	939.04	-226.82	-928.66	86.31	-288.66
Free Cash Flow Per Share	2.20	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	8.68%	7.29%	6.35%	8.66%	10.48%	9.51%
Operating Margin	3.90%	2.89%	2.15%	3.88%	4.55%	3.82%
Profit Margin	3.44%	2.53%	2.42%	3.46%	3.68%	3.18%
Free Cash Flow Margin	3.70%	6.46%	-1.48%	-7.09%	0.85%	-2.71%
EBITDA	711.06	597.77	490.47	623.45	579.88	520.75
EBITDA Margin	5.21%	4.11%	3.21%	4.76%	5.68%	4.89%
D&A For EBITDA	179.29	177.48	161.64	114.5	114.67	113.65
EBIT	531.77	420.28	328.84	508.94	465.21	407.1
EBIT Margin	3.90%	2.89%	2.15%	3.88%	4.55%	3.82%
Effective Tax Rate	17.78%	16.50%	17.68%	18.39%	25.82%	19.81%
Revenue as Reported	13,649	14,544	15,274	13,104	10,213	10,647

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