Taiwan Fertilizer Co., Ltd. (TPE: 1722)

Taiwan Fertilizer 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
Revenue	11,803	15,015	15,052	13,659	10,170	12,891
Revenue Growth (YoY)	-25.73%	-0.25%	10.20%	34.31%	-21.11%	5.53%
Cost of Revenue	10,130	10,897	13,760	11,520	7,581	9,859
Gross Profit	1,673	4,118	1,292	2,139	2,589	3,031
Selling, General & Admin	908.24	1,316	1,737	1,570	1,275	1,339
Research & Development	43.84	44.54	42.57	58.7	66.58	66.62
Operating Expenses	952.09	1,361	1,781	1,632	1,341	1,405
Operating Income	720.45	2,758	-488.52	507.32	1,248	1,626
Interest Expense	-2.16	-2.78	-4.15	-4.23	-4.56	-5.22
Interest & Investment Income	163.52	168.35	137.02	72.74	85.86	127.97
Earnings From Equity Investments	1,215	1,736	3,492	3,059	578.2	727.54
Currency Exchange Gain (Loss)	75.04	75.04	113.86	-31	1.89	-13.18
Other Non Operating Income (Expenses)	-162.3	-69.16	-17.8	9.73	2.25	-11.27
EBT Excluding Unusual Items	2,010	4,665	3,232	3,614	1,911	2,452
Impairment of Goodwill	-	-	-	-	-	-12.89
Gain (Loss) on Sale of Investments	-7.48	-7.48	1.32	2.37	5.07	9.93
Gain (Loss) on Sale of Assets	0.52	0.52	63.13	205.54	1,049	15.37
Asset Writedown	-305.22	-305.22	-	-29.91	-	-
Pretax Income	1,697	4,352	3,296	3,792	2,965	2,464
Income Tax Expense	-25.74	433.4	626.82	757.06	512.49	400.31
Net Income	1,723	3,919	2,670	3,035	2,453	2,064
Net Income to Common	1,723	3,919	2,670	3,035	2,453	2,064
Net Income Growth	-59.00%	46.80%	-12.03%	23.72%	18.84%	-9.53%
Shares Outstanding (Basic)	983	980	980	980	980	980
Shares Outstanding (Diluted)	983	982	982	982	982	982
Shares Change (YoY)	0.15%	0.00%	0.02%	-0.01%	-0.03%	-0.03%
EPS (Basic)	1.75	4.00	2.72	3.10	2.50	2.11
EPS (Diluted)	1.75	3.99	2.72	3.09	2.50	2.10
EPS Growth	-59.07%	46.69%	-11.97%	23.60%	19.05%	-9.48%
Free Cash Flow	2,682	5,654	5,252	2,592	380.16	2,572
Free Cash Flow Per Share	2.73	5.76	5.35	2.64	0.39	2.62
Dividend Per Share	2.600	2.600	2.500	2.800	2.300	2.200
Dividend Growth	4.00%	4.00%	-10.71%	21.74%	4.55%	0%
Gross Margin	14.17%	27.43%	8.58%	15.66%	25.46%	23.52%
Operating Margin	6.10%	18.37%	-3.25%	3.71%	12.27%	12.61%
Profit Margin	14.60%	26.10%	17.74%	22.22%	24.12%	16.01%
Free Cash Flow Margin	22.73%	37.66%	34.89%	18.98%	3.74%	19.96%
EBITDA	1,977	3,903	567.04	1,555	2,216	2,526
EBITDA Margin	16.75%	25.99%	3.77%	11.39%	21.79%	19.60%
D&A For EBITDA	1,256	1,145	1,056	1,048	968.51	900.11
EBIT	720.45	2,758	-488.52	507.32	1,248	1,626
EBIT Margin	6.10%	18.37%	-3.25%	3.71%	12.27%	12.61%
Effective Tax Rate	-	9.96%	19.01%	19.97%	17.28%	16.24%

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