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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	58,667	64,568	68,745	58,622	51,119	52,921
Other Revenue	-	-	-	-	-	1,224
Revenue	58,667	64,568	68,745	58,622	51,119	54,145
Revenue Growth (YoY)	-16.46%	-6.08%	17.27%	14.68%	-5.59%	11.12%
Cost of Revenue	34,952	38,406	42,632	36,490	30,723	33,045
Gross Profit	23,715	26,162	26,113	22,132	20,396	21,099
Selling, General & Admin	9,323	9,172	8,762	8,057	7,314	7,631
Research & Development	5,022	4,830	4,768	4,270	4,056	4,223
Operating Expenses	14,435	14,034	13,581	12,331	11,360	11,866
Operating Income	9,281	12,128	12,532	9,800	9,037	9,234
Interest Expense	-65.7	-44.43	-26.22	-14.75	-17.61	-20.62
Interest & Investment Income	626.18	499.7	293.45	212.94	138.96	145.7
Earnings From Equity Investments	402.34	388.51	447.4	263.94	166.04	122.82
Currency Exchange Gain (Loss)	299.85	-10.83	190.11	-28.97	-72.1	-94.6
Other Non Operating Income (Expenses)	-27.26	161.59	155.51	175.86	104.94	289.61
EBT Excluding Unusual Items	10,516	13,123	13,592	10,409	9,357	9,676
Impairment of Goodwill	-	-	-	-292.57	-	-284.14
Gain (Loss) on Sale of Investments	249.51	149.95	-148.59	80.3	42.8	-20.93
Gain (Loss) on Sale of Assets	81.32	-6.05	-0.99	58.18	-25.29	38.56
Asset Writedown	-	-	-	-	-245.92	-102.01
Pretax Income	10,847	13,267	13,443	10,255	9,128	9,308
Income Tax Expense	1,940	2,477	2,700	1,948	1,825	1,915
Earnings From Continuing Operations	8,907	10,789	10,743	8,307	7,303	7,393
Minority Interest in Earnings	73.56	48.2	14.52	-57.14	-55.03	-41.64
Net Income	8,981	10,838	10,757	8,250	7,248	7,351
Net Income to Common	8,981	10,838	10,757	8,250	7,248	7,351
Net Income Growth	-23.18%	0.75%	30.39%	13.83%	-1.40%	16.87%
Shares Outstanding (Basic)	859	857	854	850	848	846
Shares Outstanding (Diluted)	867	865	863	863	860	856
Shares Change (YoY)	0.32%	0.22%	0.06%	0.40%	0.38%	0.41%
EPS (Basic)	10.46	12.65	12.60	9.70	8.54	8.69
EPS (Diluted)	10.35	12.52	12.46	9.56	8.43	8.58
EPS Growth	-23.49%	0.48%	30.39%	13.38%	-1.80%	16.40%
Free Cash Flow	9,307	8,429	8,452	9,638	7,460	5,234
Free Cash Flow Per Share	10.73	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	40.42%	40.52%	37.99%	37.75%	39.90%	38.97%
Operating Margin	15.82%	18.78%	18.23%	16.72%	17.68%	17.05%
Profit Margin	15.31%	16.78%	15.65%	14.07%	14.18%	13.58%
Free Cash Flow Margin	15.86%	13.05%	12.29%	16.44%	14.59%	9.67%
EBITDA	10,148	12,969	13,343	10,652	9,763	10,002
EBITDA Margin	17.30%	20.09%	19.41%	18.17%	19.10%	18.47%
D&A For EBITDA	867.24	840.27	811.19	851.34	726.2	768.84
EBIT	9,281	12,128	12,532	9,800	9,037	9,234
EBIT Margin	15.82%	18.78%	18.23%	16.72%	17.68%	17.05%
Effective Tax Rate	17.88%	18.67%	20.09%	18.99%	20.00%	20.57%
Revenue as Reported	-	-	-	-	-	54,145

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