Far Eastern New Century Corporation (TPE: 1402)

Far Eastern New Century 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	240,752	234,003	242,985	221,912	191,694	236,334
Other Revenue	24,522	23,201	20,960	16,894	15,075	13,813
Revenue	265,274	257,204	263,945	238,806	206,769	250,147
Revenue Growth (YoY)	3.57%	-2.55%	10.53%	15.49%	-17.34%	9.40%
Cost of Revenue	215,071	210,143	213,906	192,237	166,360	205,397
Gross Profit	50,202	47,061	50,038	46,569	40,409	44,750
Selling, General & Admin	33,285	31,565	34,936	33,830	29,060	29,621
Research & Development	1,262	1,132	989.95	880.07	866.81	1,062
Other Operating Expenses	-925.16	-827.98	-583.99	-219.24	-0.56	-0.56
Operating Expenses	33,866	32,089	35,671	34,774	30,393	30,987
Operating Income	16,336	14,973	14,368	11,795	10,016	13,763
Interest Expense	-4,305	-4,399	-3,340	-2,692	-2,939	-3,220
Interest & Investment Income	690.53	740.28	441.71	266.18	299.1	354.72
Earnings From Equity Investments	5,463	5,615	4,417	7,222	5,525	6,464
Currency Exchange Gain (Loss)	556	146.04	1,375	-207.82	15.2	127.79
Other Non Operating Income (Expenses)	-99.41	280.44	835.39	578.27	1,003	357.76
EBT Excluding Unusual Items	18,642	17,355	18,097	16,962	13,918	17,847
Gain (Loss) on Sale of Investments	911.85	393.38	-697.66	445.88	509.96	383.8
Gain (Loss) on Sale of Assets	190.5	-324.77	-531.46	1,004	-915.73	-817.02
Asset Writedown	1,261	1,335	281.72	-584.37	2,611	1,716
Pretax Income	21,005	18,758	17,150	17,827	16,123	19,130
Income Tax Expense	3,692	3,439	3,803	2,983	3,143	2,695
Earnings From Continuing Operations	17,313	15,319	13,347	14,844	12,981	16,435
Minority Interest in Earnings	-7,792	-7,090	-5,181	-5,160	-4,918	-5,702
Net Income	9,521	8,229	8,166	9,685	8,063	10,733
Net Income to Common	9,521	8,229	8,166	9,685	8,063	10,733
Net Income Growth	57.02%	0.78%	-15.68%	20.12%	-24.88%	-10.77%
Shares Outstanding (Basic)	5,006	5,003	5,001	4,987	4,985	4,998
Shares Outstanding (Diluted)	5,015	5,013	5,012	5,001	4,999	5,014
Shares Change (YoY)	0.09%	0.01%	0.23%	0.04%	-0.31%	-0.03%
EPS (Basic)	1.90	1.64	1.63	1.94	1.62	2.15
EPS (Diluted)	1.89	1.64	1.63	1.94	1.61	2.14
EPS Growth	55.86%	0.61%	-15.98%	20.50%	-24.77%	-10.83%
Free Cash Flow	25,907	24,468	15,641	16,204	22,157	19,319
Free Cash Flow Per Share	5.17	4.88	3.12	3.24	4.43	3.85
Dividend Per Share	1.350	1.350	1.350	1.500	1.350	1.500
Dividend Growth	0%	0%	-10.00%	11.11%	-10.00%	-16.67%
Gross Margin	18.92%	18.30%	18.96%	19.50%	19.54%	17.89%
Operating Margin	6.16%	5.82%	5.44%	4.94%	4.84%	5.50%
Profit Margin	3.59%	3.20%	3.09%	4.06%	3.90%	4.29%
Free Cash Flow Margin	9.77%	9.51%	5.93%	6.79%	10.72%	7.72%
EBITDA	39,995	37,556	36,683	33,935	30,350	34,455
EBITDA Margin	15.08%	14.60%	13.90%	14.21%	14.68%	13.77%
D&A For EBITDA	23,658	22,583	22,315	22,140	20,334	20,692
EBIT	16,336	14,973	14,368	11,795	10,016	13,763
EBIT Margin	6.16%	5.82%	5.44%	4.94%	4.84%	5.50%
Effective Tax Rate	17.58%	18.33%	22.17%	16.73%	19.49%	14.09%
Revenue as Reported	265,274	257,204	263,945	238,806	206,769	250,147

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