Taiwan Cogeneration Corporation (TPE: 8926)

Taiwan Cogeneration 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	8,014	5,348	4,669	6,407	9,314	7,186
Revenue Growth (YoY)	34.80%	14.55%	-27.13%	-31.21%	29.61%	88.40%
Selling, General & Admin	94.34	123.86	132.72	96.92	61.98	21.47
Depreciation & Amortization	82.34	81.13	52.7	49.95	35.82	25.23
Amortization of Goodwill & Intangibles	32.26	31.38	32.35	32.04	14.89	1.36
Other Operating Expenses	7,577	5,105	4,225	5,816	8,763	6,863
Total Operating Expenses	7,786	5,341	4,442	5,995	8,875	6,912
Operating Income	228.32	7.32	226.51	412.34	438.43	274.55
Interest Expense	-82.72	-100.02	-85.9	-66.52	-48.74	-37.5
Interest Income	39.38	35.83	13.43	8.85	11.22	13.25
Net Interest Expense	-43.34	-64.18	-72.46	-57.66	-37.52	-24.25
Income (Loss) on Equity Investments	1,023	1,398	791.12	631.23	658.92	822.94
Currency Exchange Gain (Loss)	-2.41	12.01	23.51	-47.04	0.72	-8.1
Other Non-Operating Income (Expenses)	-30.57	-29.47	12.67	59.65	29.73	10.06
EBT Excluding Unusual Items	1,175	1,324	981.35	998.52	1,090	1,075
Gain (Loss) on Sale of Investments	29.67	-23.7	24.43	27.88	30.86	28.39
Gain (Loss) on Sale of Assets	-	-0.04	-	-	-	-
Asset Writedown	-	-	-	-	-	-0.95
Other Unusual Items	-0.05	3.28	0.11	-	-	-
Pretax Income	1,205	1,303	1,006	1,026	1,121	1,103
Income Tax Expense	51.09	60.83	88.86	121.01	50.54	6.3
Earnings From Continuing Ops.	1,154	1,242	917.02	905.39	1,071	1,096
Minority Interest in Earnings	12.23	9.89	-10.24	-7.51	-2.04	1.71
Net Income	1,158	1,252	906.77	897.88	1,069	1,098
Net Income to Common	1,158	1,252	906.77	897.88	1,069	1,098
Net Income Growth	-30.32%	38.10%	0.99%	-15.97%	-2.69%	63.33%
Shares Outstanding (Basic)	730	687	630	624	624	624
Shares Outstanding (Diluted)	732	688	631	625	625	626
Shares Change (YoY)	10.24%	9.04%	0.97%	-0.01%	-0.05%	0.01%
EPS (Basic)	1.59	1.82	1.44	1.44	1.71	1.76
EPS (Diluted)	1.58	1.82	1.44	1.43	1.71	1.75
EPS Growth	-37.19%	26.50%	0.31%	-16.02%	-2.69%	63.16%
Free Cash Flow	632.23	-1,109	1,228	1,190	1,962	-291.12
Free Cash Flow Per Share	0.86	-1.61	1.94	1.90	3.14	-0.47
Dividend Per Share	1.930	1.930	0.849	1.651	1.793	1.604
Dividend Growth	127.27%	127.27%	-48.57%	-7.89%	11.76%	13.33%
Profit Margin	14.45%	23.41%	19.42%	14.01%	11.47%	15.28%
Free Cash Flow Margin	7.89%	-20.74%	26.30%	18.58%	21.06%	-4.05%
EBITDA	636.17	373.4	540.42	687.38	596.18	334.35
EBITDA Margin	7.94%	6.98%	11.57%	10.73%	6.40%	4.65%
D&A For EBITDA	407.86	366.08	313.91	275.04	157.75	59.79
EBIT	228.32	7.32	226.51	412.34	438.43	274.55
EBIT Margin	2.85%	0.14%	4.85%	6.44%	4.71%	3.82%
Effective Tax Rate	4.24%	4.67%	8.83%	11.79%	4.51%	0.57%
Revenue as Reported	8,014	5,348	4,669	6,407	9,314	7,186

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