Taiwan Mobile Co., Ltd. (TPE: 3045)

Taiwan Mobile 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	196,821	183,348	172,206	156,110	132,861	124,421
Revenue Growth (YoY)	9.13%	6.47%	10.31%	17.50%	6.78%	4.79%
Cost of Revenue	158,692	148,586	138,981	124,735	101,415	91,612
Gross Profit	38,129	34,762	33,225	31,375	31,446	32,809
Selling, General & Admin	18,955	17,305	16,494	15,538	15,316	15,711
Research & Development	642.54	511.57	391.27	242.61	215	163.17
Other Operating Expenses	-1,097	-868.86	-810.99	-684	-332.57	-499.77
Operating Expenses	18,870	17,218	16,332	15,322	15,390	15,615
Operating Income	19,259	17,545	16,893	16,053	16,056	17,193
Interest Expense	-1,375	-1,029	-737.13	-627.81	-618.59	-574.78
Interest & Investment Income	1,090	228.43	110.44	56.37	66.12	232.52
Earnings From Equity Investments	-123.45	-51.42	10.15	-19.68	99.89	10.49
Currency Exchange Gain (Loss)	53.99	-8.8	43.12	-10.65	-5.93	-40.89
Other Non Operating Income (Expenses)	37.65	36.53	55.35	26.7	121.47	77.37
EBT Excluding Unusual Items	18,942	16,720	16,375	15,478	15,719	16,898
Impairment of Goodwill	-	-	-	-	-13.33	-40.16
Gain (Loss) on Sale of Investments	158.08	215.57	112.18	94.92	73.71	1.04
Gain (Loss) on Sale of Assets	476.81	618.75	-213.37	8.69	-321.71	-277.12
Asset Writedown	-83.16	-83.16	-82.23	-	-	-
Pretax Income	19,493	17,471	16,191	15,582	15,458	16,582
Income Tax Expense	3,548	3,136	3,220	2,756	3,064	3,290
Earnings From Continuing Operations	15,945	14,335	12,971	12,825	12,394	13,292
Net Income to Company	15,945	14,335	12,971	12,825	12,394	13,292
Minority Interest in Earnings	-1,994	-2,061	-1,946	-1,837	-1,107	-810.7
Net Income	13,951	12,274	11,026	10,988	11,287	12,481
Net Income to Common	13,951	12,274	11,026	10,988	11,287	12,481
Net Income Growth	25.03%	11.32%	0.34%	-2.64%	-9.57%	-8.51%
Shares Outstanding (Basic)	2,991	2,838	2,820	2,815	2,812	2,768
Shares Outstanding (Diluted)	2,996	2,842	2,824	2,825	2,824	2,824
Shares Change (YoY)	6.04%	0.64%	-0.02%	0.01%	0.02%	0.06%
EPS (Basic)	4.66	4.33	3.91	3.90	4.01	4.51
EPS (Diluted)	4.65	4.32	3.90	3.89	4.00	4.44
EPS Growth	17.79%	10.77%	0.22%	-2.68%	-9.86%	-8.77%
Free Cash Flow	23,721	20,305	19,401	19,320	20,439	23,370
Free Cash Flow Per Share	7.92	7.14	6.87	6.84	7.24	8.28
Dividend Per Share	4.300	4.300	4.300	4.300	4.300	4.750
Dividend Growth	0%	0%	0%	0.01%	-9.48%	-14.40%
Gross Margin	19.37%	18.96%	19.29%	20.10%	23.67%	26.37%
Operating Margin	9.79%	9.57%	9.81%	10.28%	12.08%	13.82%
Profit Margin	7.09%	6.69%	6.40%	7.04%	8.50%	10.03%
Free Cash Flow Margin	12.05%	11.07%	11.27%	12.38%	15.38%	18.78%
EBITDA	35,189	31,011	29,903	28,829	26,948	29,012
EBITDA Margin	17.88%	16.91%	17.36%	18.47%	20.28%	23.32%
D&A For EBITDA	15,930	13,466	13,011	12,776	10,892	11,819
EBIT	19,259	17,545	16,893	16,053	16,056	17,193
EBIT Margin	9.79%	9.57%	9.81%	10.28%	12.08%	13.82%
Effective Tax Rate	18.20%	17.95%	19.89%	17.69%	19.82%	19.84%

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