Formosa Petrochemical Corporation (TPE: 6505)

Formosa Petrochemical 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	690,881	712,576	848,048	620,062	415,282	646,023
Revenue Growth (YoY)	-5.47%	-15.97%	36.77%	49.31%	-35.72%	-15.83%
Cost of Revenue	680,575	685,554	831,833	554,282	402,314	598,304
Gross Profit	10,307	27,023	16,216	65,780	12,968	47,719
Selling, General & Admin	10,950	11,277	10,350	10,119	10,086	10,774
Research & Development	374.7	405.46	406.56	310.51	235.4	223.95
Operating Expenses	11,175	11,633	10,895	10,602	10,199	10,947
Operating Income	-868.53	15,389	5,321	55,177	2,768	36,772
Interest Expense	-502.66	-542.09	-556.89	-376.2	-416.79	-591.55
Interest & Investment Income	1,576	3,127	4,642	1,823	2,264	5,166
Earnings From Equity Investments	2,026	2,983	-688.23	493.2	1,505	825.49
Currency Exchange Gain (Loss)	1,375	1,284	5,153	1,415	686.5	818.98
Other Non Operating Income (Expenses)	1,771	2,372	2,320	2,038	2,038	1,836
EBT Excluding Unusual Items	5,378	24,614	16,190	60,570	8,846	44,827
Gain (Loss) on Sale of Investments	60.37	78.88	192.01	-95.48	-155.46	34.15
Gain (Loss) on Sale of Assets	-90.3	-10.36	582.31	-16.32	-24.73	44.68
Asset Writedown	15.2	11.52	4.22	26.77	-0.68	-7.84
Pretax Income	5,363	24,694	16,968	60,485	8,665	44,898
Income Tax Expense	-564.58	2,818	2,569	11,121	1,293	8,150
Earnings From Continuing Operations	5,928	21,876	14,400	49,364	7,372	36,748
Minority Interest in Earnings	203.08	12.99	21.9	37.52	57.15	50.04
Net Income	6,131	21,889	14,422	49,401	7,430	36,798
Net Income to Common	6,131	21,889	14,422	49,401	7,430	36,798
Net Income Growth	-41.89%	51.78%	-70.81%	564.93%	-79.81%	-38.76%
Shares Outstanding (Basic)	9,526	9,526	9,526	9,526	9,526	9,526
Shares Outstanding (Diluted)	9,526	9,526	9,526	9,526	9,526	9,526
EPS (Basic)	0.64	2.30	1.51	5.19	0.78	3.86
EPS (Diluted)	0.64	2.30	1.51	5.19	0.78	3.86
EPS Growth	-42.41%	51.78%	-70.81%	564.93%	-79.79%	-38.81%
Free Cash Flow	-4,688	37,019	-16,830	24,976	26,576	36,203
Free Cash Flow Per Share	-0.49	3.89	-1.77	2.62	2.79	3.80
Dividend Per Share	2.000	2.000	1.100	3.800	0.590	2.900
Dividend Growth	81.82%	81.82%	-71.05%	544.07%	-79.66%	-39.58%
Gross Margin	1.49%	3.79%	1.91%	10.61%	3.12%	7.39%
Operating Margin	-0.13%	2.16%	0.63%	8.90%	0.67%	5.69%
Profit Margin	0.89%	3.07%	1.70%	7.97%	1.79%	5.70%
Free Cash Flow Margin	-0.68%	5.20%	-1.98%	4.03%	6.40%	5.60%
EBITDA	9,667	29,060	19,277	67,043	14,281	49,367
EBITDA Margin	1.40%	4.08%	2.27%	10.81%	3.44%	7.64%
D&A For EBITDA	10,535	13,670	13,956	11,865	11,512	12,595
EBIT	-868.53	15,389	5,321	55,177	2,768	36,772
EBIT Margin	-0.13%	2.16%	0.63%	8.90%	0.67%	5.69%
Effective Tax Rate	-	11.41%	15.14%	18.39%	14.92%	18.15%

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