Wan Hai Lines Ltd. (TPE: 2615)

Wan Hai Lines 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	145,418	100,220	258,953	228,005	81,880	72,951
Revenue Growth (YoY)	26.90%	-61.30%	13.57%	178.46%	12.24%	9.24%
Cost of Revenue	102,509	101,726	132,523	93,353	64,299	65,721
Gross Profit	42,908	-1,506	126,430	134,653	17,581	7,230
Selling, General & Admin	7,388	6,182	8,240	6,661	4,506	4,114
Operating Expenses	7,793	6,593	8,612	6,979	4,800	4,379
Operating Income	35,115	-8,099	117,818	127,673	12,782	2,851
Interest Expense	-2,003	-1,858	-1,492	-729.91	-527.4	-692.46
Interest & Investment Income	6,730	6,362	2,752	401.54	392.3	397.18
Earnings From Equity Investments	576.11	372.34	320.78	196.6	203.45	167.45
Currency Exchange Gain (Loss)	-1,271	239.71	4,909	47.14	272.36	310.43
Other Non Operating Income (Expenses)	243.36	276.84	253.59	90.72	135.14	55.66
EBT Excluding Unusual Items	39,391	-2,706	124,561	127,679	13,258	3,090
Gain (Loss) on Sale of Investments	1,160	1,018	-687.67	1,275	783.64	365.27
Gain (Loss) on Sale of Assets	1,091	1,796	105.73	240.44	208.85	1,119
Asset Writedown	-2,869	-2,602	-	-	-	-19.02
Pretax Income	38,773	-2,495	123,979	129,195	14,250	4,555
Income Tax Expense	8,017	3,289	30,850	25,778	2,893	967.49
Earnings From Continuing Operations	30,756	-5,783	93,129	103,417	11,357	3,588
Minority Interest in Earnings	-10.34	-13.22	-56.78	-74.32	-40.51	-14
Net Income	30,746	-5,796	93,072	103,343	11,317	3,574
Net Income to Common	30,746	-5,796	93,072	103,343	11,317	3,574
Net Income Growth	-	-	-9.94%	813.17%	216.67%	219.68%
Shares Outstanding (Basic)	2,806	2,806	2,806	2,806	2,806	2,806
Shares Outstanding (Diluted)	2,808	2,806	2,816	2,811	2,810	2,810
Shares Change (YoY)	0.07%	-0.36%	0.20%	0.02%	0.02%	0.05%
EPS (Basic)	10.96	-2.07	33.17	36.83	4.03	1.27
EPS (Diluted)	10.94	-2.07	33.05	36.77	4.03	1.27
EPS Growth	-	-	-10.12%	813.29%	216.34%	221.96%
Free Cash Flow	13,754	-48,384	85,977	98,268	331.99	2,392
Free Cash Flow Per Share	4.90	-17.24	30.53	34.96	0.12	0.85
Dividend Per Share	1.500	1.500	5.000	9.130	0.790	0.632
Dividend Growth	-70.00%	-70.00%	-45.24%	1055.02%	25.00%	33.33%
Gross Margin	29.51%	-1.50%	48.82%	59.06%	21.47%	9.91%
Operating Margin	24.15%	-8.08%	45.50%	56.00%	15.61%	3.91%
Profit Margin	21.14%	-5.78%	35.94%	45.32%	13.82%	4.90%
Free Cash Flow Margin	9.46%	-48.28%	33.20%	43.10%	0.41%	3.28%
EBITDA	46,239	2,350	126,442	133,887	17,429	7,239
EBITDA Margin	31.80%	2.34%	48.83%	58.72%	21.29%	9.92%
D&A For EBITDA	11,124	10,449	8,624	6,214	4,647	4,388
EBIT	35,115	-8,099	117,818	127,673	12,782	2,851
EBIT Margin	24.15%	-8.08%	45.50%	56.00%	15.61%	3.91%
Effective Tax Rate	20.68%	-	24.88%	19.95%	20.30%	21.24%

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