Formosa International Hotels Corporation (TPE: 2707)

Formosa International Hotels 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
Revenue	6,563	6,765	5,597	4,931	5,423	6,536
Revenue Growth (YoY)	1.40%	20.86%	13.52%	-9.08%	-17.03%	-2.10%
Cost of Revenue	4,180	4,251	3,733	3,598	3,892	4,347
Gross Profit	2,383	2,514	1,865	1,332	1,530	2,189
Selling, General & Admin	672.35	671.01	643.58	794.04	796.37	925.52
Operating Expenses	672.35	671.01	643.58	794.04	796.37	925.52
Operating Income	1,710	1,843	1,221	538.19	734.07	1,263
Interest Expense	-48.16	-49.77	-59.67	-75.8	-94.28	-98.37
Interest & Investment Income	61.22	58.55	30.05	26.36	46.3	39.39
Earnings From Equity Investments	30.18	22.02	12.79	12.55	9.23	11.38
Currency Exchange Gain (Loss)	35.19	19.72	40.85	39.02	-45.91	-5.42
Other Non Operating Income (Expenses)	43.94	14.08	41.57	131.13	103.68	201.1
EBT Excluding Unusual Items	1,833	1,908	1,287	671.45	753.09	1,411
Gain (Loss) on Sale of Investments	23.36	0.98	8.05	-3.31	12.9	11.25
Gain (Loss) on Sale of Assets	0.41	0.17	0.36	1,637	0.56	207.7
Other Unusual Items	-	-0.2	9.15	96.23	114.58	0.86
Pretax Income	1,856	1,909	1,304	2,402	881.14	1,631
Income Tax Expense	361.37	382.01	288.49	161.76	148.27	246.13
Earnings From Continuing Operations	1,495	1,527	1,016	2,240	732.87	1,385
Minority Interest in Earnings	-64.77	-111.12	-112.81	-62.48	-72.81	-40.68
Net Income	1,430	1,416	902.9	2,177	660.06	1,344
Net Income to Common	1,430	1,416	902.9	2,177	660.06	1,344
Net Income Growth	12.73%	56.78%	-58.53%	229.86%	-50.90%	-1.80%
Shares Outstanding (Basic)	127	127	127	127	127	127
Shares Outstanding (Diluted)	128	128	128	132	137	137
Shares Change (YoY)	0.18%	0.05%	-3.38%	-3.21%	0.04%	0.44%
EPS (Basic)	11.23	11.11	7.09	17.09	5.18	10.58
EPS (Diluted)	11.18	11.07	7.07	16.53	4.96	9.98
EPS Growth	12.46%	56.58%	-57.23%	233.00%	-50.25%	-2.27%
Free Cash Flow	644	1,602	1,959	11.85	768.45	2,091
Free Cash Flow Per Share	5.03	12.53	15.33	0.09	5.62	15.31
Dividend Per Share	11.382	11.382	9.007	12.393	4.389	10.045
Dividend Growth	26.37%	26.37%	-27.32%	182.35%	-56.31%	-9.30%
Gross Margin	36.30%	37.16%	33.31%	27.02%	28.22%	33.49%
Operating Margin	26.06%	27.25%	21.81%	10.92%	13.54%	19.33%
Profit Margin	21.79%	20.92%	16.13%	44.16%	12.17%	20.57%
Free Cash Flow Margin	9.81%	23.68%	35.00%	0.24%	14.17%	32.00%
EBITDA	2,002	2,143	1,546	908.72	1,119	1,671
EBITDA Margin	30.51%	31.68%	27.62%	18.43%	20.64%	25.57%
D&A For EBITDA	292.1	300.21	324.83	370.53	385.31	408.02
EBIT	1,710	1,843	1,221	538.19	734.07	1,263
EBIT Margin	26.06%	27.25%	21.81%	10.91%	13.54%	19.33%
Effective Tax Rate	19.47%	20.01%	22.12%	6.74%	16.83%	15.09%

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