Formosa Optical Technology Co.,Ltd. (TPEX: 5312)

Formosa Optical Technology Co.,Ltd. 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	3,971	3,864	3,298	2,913	3,062	3,216
Revenue Growth (YoY)	5.85%	17.16%	13.20%	-4.86%	-4.80%	4.89%
Cost of Revenue	1,499	1,482	1,287	1,166	1,228	1,342
Gross Profit	2,472	2,382	2,011	1,748	1,834	1,875
Selling, General & Admin	2,160	2,054	1,824	1,679	1,708	1,708
Operating Expenses	2,160	2,054	1,824	1,679	1,707	1,708
Operating Income	311.88	328.03	186.93	68.25	127.01	166.05
Interest Expense	-41.69	-35.56	-28.46	-20.86	-20.83	-19.76
Interest & Investment Income	181.08	159.94	61.5	19	14.26	13.2
Earnings From Equity Investments	44.53	-10.8	-48.02	174.1	182.83	227.62
Currency Exchange Gain (Loss)	0.88	0.88	10.03	-2.13	-8.26	1.53
Other Non Operating Income (Expenses)	90.05	38.39	38.82	94.15	61.88	49.92
EBT Excluding Unusual Items	586.74	480.87	220.8	332.51	356.89	438.56
Gain (Loss) on Sale of Investments	18.66	18.66	-15.38	10.78	12.96	1.22
Gain (Loss) on Sale of Assets	-0.71	-0.71	0.48	0.02	-2.16	0.19
Other Unusual Items	0.59	0.59	-0.08	6.73	4.87	2.23
Pretax Income	605.28	499.41	205.82	350.04	372.57	442.19
Income Tax Expense	107.12	81.51	35.64	64.39	67.35	65.28
Earnings From Continuing Operations	498.16	417.9	170.18	285.65	305.21	376.91
Minority Interest in Earnings	0.23	0.04	0.01	4.25	3.11	2.14
Net Income	498.39	417.94	170.19	289.9	308.32	379.05
Net Income to Common	498.39	417.94	170.19	289.9	308.32	379.05
Net Income Growth	42.10%	145.58%	-41.29%	-5.98%	-18.66%	49.52%
Shares Outstanding (Basic)	60	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60	60
Shares Change (YoY)	0.04%	0.09%	-0.11%	-0.03%	0.01%	0.01%
EPS (Basic)	8.30	6.96	2.83	4.83	5.13	6.31
EPS (Diluted)	8.28	6.94	2.83	4.81	5.12	6.29
EPS Growth	42.00%	145.23%	-41.16%	-6.05%	-18.60%	49.41%
Free Cash Flow	489.59	672.49	564.94	553.6	424.52	484.65
Free Cash Flow Per Share	8.13	11.16	9.39	9.19	7.04	8.04
Dividend Per Share	6.000	6.000	4.300	4.300	4.000	4.000
Dividend Growth	39.53%	39.53%	0%	7.50%	0%	5.26%
Gross Margin	62.25%	61.65%	60.98%	59.99%	59.90%	58.28%
Operating Margin	7.85%	8.49%	5.67%	2.34%	4.15%	5.16%
Profit Margin	12.55%	10.82%	5.16%	9.95%	10.07%	11.79%
Free Cash Flow Margin	12.33%	17.40%	17.13%	19.00%	13.86%	15.07%
EBITDA	482.54	485.39	333.87	201.64	258.2	282.42
EBITDA Margin	12.15%	12.56%	10.12%	6.92%	8.43%	8.78%
D&A For EBITDA	170.66	157.36	146.95	133.39	131.18	116.38
EBIT	311.88	328.03	186.93	68.25	127.01	166.05
EBIT Margin	7.85%	8.49%	5.67%	2.34%	4.15%	5.16%
Effective Tax Rate	17.70%	16.32%	17.32%	18.39%	18.08%	14.76%

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