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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,946	3,864	3,298	2,913	3,062	3,216
Revenue Growth (YoY)	7.82%	17.16%	13.20%	-4.86%	-4.80%	4.89%
Cost of Revenue	1,500	1,482	1,287	1,166	1,228	1,342
Gross Profit	2,446	2,382	2,011	1,748	1,834	1,875
Selling, General & Admin	2,131	2,054	1,824	1,679	1,708	1,708
Operating Expenses	2,131	2,054	1,824	1,679	1,707	1,708
Operating Income	314.65	328.03	186.93	68.25	127.01	166.05
Interest Expense	-39.42	-35.56	-28.46	-20.86	-20.83	-19.76
Interest & Investment Income	180.88	159.94	61.5	19	14.26	13.2
Earnings From Equity Investments	49.33	-10.8	-48.02	174.1	182.83	227.62
Currency Exchange Gain (Loss)	-0.25	0.88	10.03	-2.13	-8.26	1.53
Other Non Operating Income (Expenses)	38.52	38.39	38.82	94.15	61.88	49.92
EBT Excluding Unusual Items	543.7	480.87	220.8	332.51	356.89	438.56
Gain (Loss) on Sale of Investments	8.78	18.66	-15.38	10.78	12.96	1.22
Gain (Loss) on Sale of Assets	-1.18	-0.71	0.48	0.02	-2.16	0.19
Other Unusual Items	1.59	0.59	-0.08	6.73	4.87	2.23
Pretax Income	552.9	499.41	205.82	350.04	372.57	442.19
Income Tax Expense	85.8	81.51	35.64	64.39	67.35	65.28
Earnings From Continuing Operations	467.1	417.9	170.18	285.65	305.21	376.91
Minority Interest in Earnings	0.2	0.04	0.01	4.25	3.11	2.14
Net Income	467.3	417.94	170.19	289.9	308.32	379.05
Net Income to Common	467.3	417.94	170.19	289.9	308.32	379.05
Net Income Growth	43.41%	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)	0.09%	0.09%	-0.11%	-0.03%	0.01%	0.01%
EPS (Basic)	7.78	6.96	2.83	4.83	5.13	6.31
EPS (Diluted)	7.76	6.94	2.83	4.81	5.12	6.29
EPS Growth	43.18%	145.23%	-41.16%	-6.05%	-18.60%	49.41%
Free Cash Flow	542.03	672.49	564.94	553.6	424.52	484.65
Free Cash Flow Per Share	9.00	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	61.99%	61.65%	60.98%	59.99%	59.90%	58.28%
Operating Margin	7.97%	8.49%	5.67%	2.34%	4.15%	5.16%
Profit Margin	11.84%	10.82%	5.16%	9.95%	10.07%	11.79%
Free Cash Flow Margin	13.74%	17.40%	17.13%	19.00%	13.86%	15.07%
EBITDA	479.45	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	164.8	157.36	146.95	133.39	131.18	116.38
EBIT	314.65	328.03	186.93	68.25	127.01	166.05
EBIT Margin	7.97%	8.49%	5.67%	2.34%	4.15%	5.16%
Effective Tax Rate	15.52%	16.32%	17.32%	18.39%	18.08%	14.76%

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