China Airlines, Ltd. (TPE: 2610)

China Airlines 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	198,179	184,817	150,722	138,841	115,251	168,444
Revenue Growth (YoY)	12.28%	22.62%	8.56%	20.47%	-31.58%	-1.33%
Cost of Revenue	168,798	160,986	139,352	115,487	105,031	151,757
Gross Profit	29,381	23,831	11,370	23,354	10,219	16,687
Selling, General & Admin	14,927	13,673	8,785	7,334	6,847	12,162
Operating Expenses	14,951	13,673	8,785	8,386	8,035	14,021
Operating Income	14,430	10,157	2,585	14,968	2,184	2,666
Interest Expense	-2,620	-2,608	-2,541	-2,407	-3,058	-3,340
Interest & Investment Income	2,087	1,803	639.85	168.56	305.55	438.87
Earnings From Equity Investments	642.36	417.49	-74.84	-401.42	-200.83	332.31
Currency Exchange Gain (Loss)	-859.32	-	-	-2.93	527.23	-141.61
Other Non Operating Income (Expenses)	-375.88	-463.79	2,052	321.48	45.78	22.04
EBT Excluding Unusual Items	13,304	9,305	2,661	12,646	-195.81	-22.7
Gain (Loss) on Sale of Investments	-2.55	-	-	-60.44	-46.76	7.66
Gain (Loss) on Sale of Assets	308.82	-	-	-1,275	13.35	-81.78
Asset Writedown	669.88	-	-	-184.01	-424.57	-
Pretax Income	14,280	9,305	2,661	11,127	-653.8	-96.82
Income Tax Expense	2,871	1,834	415.36	2,170	-373.98	578.19
Earnings From Continuing Operations	11,409	7,471	2,245	8,957	-279.81	-675
Minority Interest in Earnings	-1,115	-652.65	614.1	423.24	419.81	-524.8
Net Income	10,295	6,819	2,860	9,380	140	-1,200
Net Income to Common	10,295	6,819	2,860	9,380	140	-1,200
Net Income Growth	67.70%	138.45%	-69.51%	6599.93%	-	-
Shares Outstanding (Basic)	6,054	6,034	5,957	5,616	5,419	5,418
Shares Outstanding (Diluted)	6,152	6,143	6,084	6,141	5,419	5,418
Shares Change (YoY)	1.05%	0.97%	-0.93%	13.33%	0.01%	-8.48%
EPS (Basic)	1.70	1.13	0.48	1.67	0.03	-0.22
EPS (Diluted)	1.67	1.11	0.47	1.54	0.03	-0.22
EPS Growth	66.01%	136.17%	-69.47%	5857.65%	-	-
Free Cash Flow	21,888	26,661	19,886	35,159	-2,922	18,552
Free Cash Flow Per Share	3.56	4.34	3.27	5.73	-0.54	3.42
Dividend Per Share	0.690	0.690	0.460	0.831	-	-
Dividend Growth	49.97%	49.97%	-44.65%	-	-	-
Gross Margin	14.83%	12.89%	7.54%	16.82%	8.87%	9.91%
Operating Margin	7.28%	5.50%	1.71%	10.78%	1.90%	1.58%
Profit Margin	5.19%	3.69%	1.90%	6.76%	0.12%	-0.71%
Free Cash Flow Margin	11.04%	14.43%	13.19%	25.32%	-2.53%	11.01%
EBITDA	44,104	40,814	32,912	32,890	21,817	23,566
EBITDA Margin	22.25%	22.08%	21.84%	23.69%	18.93%	13.99%
D&A For EBITDA	29,675	30,657	30,327	17,922	19,633	20,901
EBIT	14,430	10,157	2,585	14,968	2,184	2,666
EBIT Margin	7.28%	5.50%	1.71%	10.78%	1.90%	1.58%
Effective Tax Rate	20.10%	19.71%	15.61%	19.50%	-	-

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