Chunghwa Telecom Co., Ltd. (TPE: 2412)

Chunghwa Telecom 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	226,539	223,199	216,739	210,478	207,609	207,520
Revenue Growth (YoY)	2.58%	2.98%	2.97%	1.38%	0.04%	-3.70%
Cost of Revenue	144,167	141,767	136,717	135,111	137,029	135,953
Gross Profit	82,372	81,432	80,022	75,367	70,580	71,567
Selling, General & Admin	31,848	30,400	29,399	26,237	25,919	26,978
Research & Development	4,053	3,892	3,774	3,688	3,850	3,941
Other Operating Expenses	-	-	-	-	-	44
Operating Expenses	36,044	34,444	33,290	30,068	29,814	30,838
Operating Income	46,328	46,988	46,732	45,299	40,766	40,729
Interest Expense	-337.96	-319	-263	-218	-206.06	-104
Interest & Investment Income	971.05	785	406	249	362.01	547
Earnings From Equity Investments	-22.82	253	442	421	242.75	459
Currency Exchange Gain (Loss)	-67.54	-116	-185	230	-46.54	16
Other Non Operating Income (Expenses)	43.59	46	-7	451	101.15	152
EBT Excluding Unusual Items	46,915	47,637	47,125	46,432	41,220	41,799
Impairment of Goodwill	-	-	-	-	-9.3	-9
Gain (Loss) on Sale of Investments	6	6	-14	4	15.95	151
Gain (Loss) on Sale of Assets	-11.18	-	-5	-3	1,577	-38
Asset Writedown	-635	-635	98	-366	27.07	-36
Pretax Income	46,274	47,008	47,204	46,067	42,831	41,867
Income Tax Expense	8,672	8,947	9,335	9,020	8,125	7,946
Earnings From Continuing Operations	37,602	38,061	37,869	37,047	34,706	33,921
Minority Interest in Earnings	-1,087	-1,103	-1,511	-1,431	-1,299	-974
Net Income	36,515	36,958	36,358	35,616	33,406	32,947
Net Income to Common	36,515	36,958	36,358	35,616	33,406	32,947
Net Income Growth	-1.15%	1.65%	2.08%	6.62%	1.39%	-12.27%
Shares Outstanding (Basic)	7,757	7,757	7,757	7,757	7,757	7,757
Shares Outstanding (Diluted)	7,770	7,765	7,765	7,765	7,765	7,765
Shares Change (YoY)	0.06%	-	-	0.01%	-0.01%	-0.01%
EPS (Basic)	4.71	4.76	4.69	4.59	4.31	4.25
EPS (Diluted)	4.70	4.76	4.68	4.59	4.30	4.24
EPS Growth	-1.21%	1.66%	2.08%	6.61%	1.39%	-12.26%
Free Cash Flow	46,549	43,818	44,416	39,525	50,945	48,261
Free Cash Flow Per Share	5.99	5.64	5.72	5.09	6.56	6.22
Dividend Per Share	4.758	4.758	4.702	4.608	4.306	4.226
Dividend Growth	1.19%	1.19%	2.04%	7.01%	1.89%	-5.65%
Gross Margin	36.36%	36.48%	36.92%	35.81%	34.00%	34.49%
Operating Margin	20.45%	21.05%	21.56%	21.52%	19.64%	19.63%
Profit Margin	16.12%	16.56%	16.78%	16.92%	16.09%	15.88%
Free Cash Flow Margin	20.55%	19.63%	20.49%	18.78%	24.54%	23.26%
EBITDA	81,524	82,295	81,869	79,374	72,830	71,549
EBITDA Margin	35.99%	36.87%	37.77%	37.71%	35.08%	34.48%
D&A For EBITDA	35,196	35,307	35,137	34,075	32,064	30,820
EBIT	46,328	46,988	46,732	45,299	40,766	40,729
EBIT Margin	20.45%	21.05%	21.56%	21.52%	19.64%	19.63%
Effective Tax Rate	18.74%	19.03%	19.78%	19.58%	18.97%	18.98%

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