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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,275	3,930	3,169	2,571	2,342	2,437
Revenue Growth (YoY)	20.55%	24.02%	23.25%	9.76%	-3.88%	4.48%
Cost of Revenue	961.38	893.52	805.7	729.52	700.19	714.2
Gross Profit	3,314	3,036	2,363	1,841	1,642	1,722
Selling, General & Admin	2,515	2,315	1,847	1,538	1,397	1,466
Research & Development	188.91	185.03	167.26	143.68	155.09	188.34
Other Operating Expenses	-5.81	-15.01	7.27	-1.91	-4.76	-14.04
Operating Expenses	2,705	2,493	2,021	1,680	1,552	1,642
Operating Income	608.88	543.27	341.58	161.43	89.88	80.44
Interest Expense	-44.31	-44.14	-24.11	-17.64	-31.39	-33.38
Interest & Investment Income	9.58	9	6.29	2.01	4.13	3.84
Earnings From Equity Investments	-67.91	-76.42	-94.64	-49.5	-14.27	-19.12
Currency Exchange Gain (Loss)	43.51	33.64	46.07	-44.18	3.56	-3.2
Other Non Operating Income (Expenses)	41.72	44.05	25.64	21.29	59.12	62.01
EBT Excluding Unusual Items	591.48	509.41	300.84	73.41	111.04	90.59
Gain (Loss) on Sale of Assets	0.09	-0.18	0.59	1.18	-1.89	-0.84
Other Unusual Items	-	-	1.59	-	-	1
Pretax Income	591.57	509.23	303.02	74.59	109.16	90.74
Income Tax Expense	158.93	120.92	79.44	21.72	7.84	18.96
Earnings From Continuing Operations	432.63	388.31	223.58	52.88	101.31	71.79
Minority Interest in Earnings	-4.17	-4.11	-2.05	-0.61	0.52	16.8
Net Income	428.47	384.2	221.53	52.27	101.83	88.58
Preferred Dividends & Other Adjustments	0.12	4.58	-	23.4	23.4	4.81
Net Income to Common	428.35	379.62	221.53	28.87	78.43	83.78
Net Income Growth	36.98%	73.43%	323.82%	-48.67%	14.95%	-30.55%
Shares Outstanding (Basic)	92	84	78	78	78	80
Shares Outstanding (Diluted)	96	93	88	78	88	89
Shares Change (YoY)	14.73%	5.60%	12.77%	-11.73%	-0.07%	3.72%
EPS (Basic)	4.66	4.50	2.84	0.37	1.00	1.05
EPS (Diluted)	4.48	4.18	2.51	0.37	0.94	1.01
EPS Growth	20.94%	66.51%	578.38%	-60.53%	-7.50%	-34.43%
Free Cash Flow	-89.48	-79.48	53.66	142.58	317.51	272.09
Free Cash Flow Per Share	-0.93	-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	77.51%	77.26%	74.57%	71.62%	70.11%	70.69%
Operating Margin	14.24%	13.82%	10.78%	6.28%	3.84%	3.30%
Profit Margin	10.02%	9.66%	6.99%	1.12%	3.35%	3.44%
Free Cash Flow Margin	-2.09%	-2.02%	1.69%	5.55%	13.56%	11.17%
EBITDA	1,000	902.52	641.25	437.97	338.03	314.77
EBITDA Margin	23.40%	22.97%	20.24%	17.04%	14.43%	12.92%
D&A For EBITDA	391.52	359.25	299.67	276.55	248.15	234.33
EBIT	608.88	543.27	341.58	161.43	89.88	80.44
EBIT Margin	14.24%	13.82%	10.78%	6.28%	3.84%	3.30%
Effective Tax Rate	26.87%	23.75%	26.22%	29.11%	7.19%	20.89%

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