United Orthopedic Corporation (TPEX: 4129)

United Orthopedic 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	4,471	3,930	3,169	2,571	2,342	2,437
Revenue Growth (YoY)	20.16%	24.02%	23.25%	9.76%	-3.88%	4.48%
Cost of Revenue	987.91	893.52	805.7	729.52	700.19	714.2
Gross Profit	3,483	3,036	2,363	1,841	1,642	1,722
Selling, General & Admin	2,673	2,315	1,847	1,538	1,397	1,466
Research & Development	210.51	185.03	167.26	143.68	155.09	188.34
Other Operating Expenses	-4.25	-15.01	7.27	-1.91	-4.76	-14.04
Operating Expenses	2,886	2,493	2,021	1,680	1,552	1,642
Operating Income	597.16	543.27	341.58	161.43	89.88	80.44
Interest Expense	-43.48	-44.14	-24.11	-17.64	-31.39	-33.38
Interest & Investment Income	10.87	9	6.29	2.01	4.13	3.84
Earnings From Equity Investments	-68.91	-76.42	-94.64	-49.5	-14.27	-19.12
Currency Exchange Gain (Loss)	33.64	33.64	46.07	-44.18	3.56	-3.2
Other Non Operating Income (Expenses)	71.13	44.05	25.64	21.29	59.12	62.01
EBT Excluding Unusual Items	600.42	509.41	300.84	73.41	111.04	90.59
Gain (Loss) on Sale of Assets	-0.18	-0.18	0.59	1.18	-1.89	-0.84
Other Unusual Items	-	-	1.59	-	-	1
Pretax Income	600.24	509.23	303.02	74.59	109.16	90.74
Income Tax Expense	141.45	120.92	79.44	21.72	7.84	18.96
Earnings From Continuing Operations	458.79	388.31	223.58	52.88	101.31	71.79
Minority Interest in Earnings	-4.6	-4.11	-2.05	-0.61	0.52	16.8
Net Income	454.19	384.2	221.53	52.27	101.83	88.58
Preferred Dividends & Other Adjustments	4.58	4.58	-	23.4	23.4	4.81
Net Income to Common	449.61	379.62	221.53	28.87	78.43	83.78
Net Income Growth	31.07%	73.43%	323.82%	-48.67%	14.95%	-30.55%
Shares Outstanding (Basic)	93	84	78	78	78	80
Shares Outstanding (Diluted)	97	93	88	78	88	89
Shares Change (YoY)	16.52%	5.60%	12.77%	-11.73%	-0.07%	3.72%
EPS (Basic)	4.82	4.50	2.84	0.37	1.00	1.05
EPS (Diluted)	4.72	4.18	2.51	0.37	0.94	1.01
EPS Growth	14.82%	66.51%	578.38%	-60.53%	-7.50%	-34.43%
Free Cash Flow	37.2	-79.48	53.66	142.58	317.51	272.09
Free Cash Flow Per Share	0.38	-0.85	0.61	1.83	3.59	3.07
Dividend Per Share	4.004	4.004	2.500	-	0.834	0.800
Dividend Growth	60.16%	60.16%	-	-	4.25%	-
Gross Margin	77.91%	77.26%	74.57%	71.62%	70.11%	70.69%
Operating Margin	13.36%	13.82%	10.78%	6.28%	3.84%	3.30%
Profit Margin	10.06%	9.66%	6.99%	1.12%	3.35%	3.44%
Free Cash Flow Margin	0.83%	-2.02%	1.69%	5.55%	13.56%	11.17%
EBITDA	1,007	902.52	641.25	437.97	338.03	314.77
EBITDA Margin	22.52%	22.97%	20.24%	17.04%	14.43%	12.92%
D&A For EBITDA	409.6	359.25	299.67	276.55	248.15	234.33
EBIT	597.16	543.27	341.58	161.43	89.88	80.44
EBIT Margin	13.36%	13.82%	10.78%	6.28%	3.84%	3.30%
Effective Tax Rate	23.57%	23.75%	26.22%	29.11%	7.19%	20.89%

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