Advantech Co., Ltd. (TPE: 2395)

Advantech 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	58,610	64,568	68,745	58,622	51,119	52,921
Other Revenue	-	-	-	-	-	1,224
Revenue	58,610	64,568	68,745	58,622	51,119	54,145
Revenue Growth (YoY)	-12.02%	-6.08%	17.27%	14.68%	-5.59%	11.12%
Cost of Revenue	34,738	38,406	42,632	36,490	30,723	33,045
Gross Profit	23,872	26,162	26,113	22,132	20,396	21,099
Selling, General & Admin	9,403	9,172	8,762	8,057	7,314	7,631
Research & Development	5,195	4,830	4,768	4,270	4,056	4,223
Operating Expenses	14,645	14,034	13,581	12,331	11,360	11,866
Operating Income	9,227	12,128	12,532	9,800	9,037	9,234
Interest Expense	-75.51	-44.43	-26.22	-14.75	-17.61	-20.62
Interest & Investment Income	614.17	499.7	293.45	212.94	138.96	145.7
Earnings From Equity Investments	386.27	388.51	447.4	263.94	166.04	122.82
Currency Exchange Gain (Loss)	18.01	-10.83	190.11	-28.97	-72.1	-94.6
Other Non Operating Income (Expenses)	95.47	161.59	155.51	175.86	104.94	289.61
EBT Excluding Unusual Items	10,266	13,123	13,592	10,409	9,357	9,676
Impairment of Goodwill	-	-	-	-292.57	-	-284.14
Gain (Loss) on Sale of Investments	97.55	149.95	-148.59	80.3	42.8	-20.93
Gain (Loss) on Sale of Assets	138.49	-6.05	-0.99	58.18	-25.29	38.56
Asset Writedown	-	-	-	-	-245.92	-102.01
Pretax Income	10,502	13,267	13,443	10,255	9,128	9,308
Income Tax Expense	1,902	2,477	2,700	1,948	1,825	1,915
Earnings From Continuing Operations	8,599	10,789	10,743	8,307	7,303	7,393
Minority Interest in Earnings	55.43	48.2	14.52	-57.14	-55.03	-41.64
Net Income	8,655	10,838	10,757	8,250	7,248	7,351
Net Income to Common	8,655	10,838	10,757	8,250	7,248	7,351
Net Income Growth	-21.95%	0.75%	30.39%	13.83%	-1.40%	16.87%
Shares Outstanding (Basic)	860	857	854	850	848	846
Shares Outstanding (Diluted)	867	865	863	863	860	856
Shares Change (YoY)	0.22%	0.22%	0.06%	0.40%	0.38%	0.41%
EPS (Basic)	10.06	12.65	12.60	9.70	8.54	8.69
EPS (Diluted)	9.98	12.52	12.46	9.56	8.43	8.58
EPS Growth	-22.15%	0.48%	30.39%	13.38%	-1.80%	16.40%
Free Cash Flow	7,995	8,429	8,452	9,638	7,460	5,234
Free Cash Flow Per Share	9.22	9.74	9.79	11.17	8.68	6.11
Dividend Per Share	9.500	9.500	9.092	7.274	6.455	6.448
Dividend Growth	4.49%	4.49%	25.00%	12.67%	0.12%	14.71%
Gross Margin	40.73%	40.52%	37.99%	37.75%	39.90%	38.97%
Operating Margin	15.74%	18.78%	18.23%	16.72%	17.68%	17.05%
Profit Margin	14.77%	16.78%	15.65%	14.07%	14.18%	13.58%
Free Cash Flow Margin	13.64%	13.05%	12.29%	16.44%	14.59%	9.67%
EBITDA	10,097	12,969	13,343	10,652	9,763	10,002
EBITDA Margin	17.23%	20.09%	19.41%	18.17%	19.10%	18.47%
D&A For EBITDA	869.79	840.27	811.19	851.34	726.2	768.84
EBIT	9,227	12,128	12,532	9,800	9,037	9,234
EBIT Margin	15.74%	18.78%	18.23%	16.72%	17.68%	17.05%
Effective Tax Rate	18.11%	18.67%	20.09%	18.99%	20.00%	20.57%
Revenue as Reported	-	-	-	-	-	54,145

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