Dentsu Group Inc. (TYO: 4324)

Dentsu Group Income Statement

Financials in millions JPY. 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	1,395,837	1,304,552	1,243,883	1,085,592	939,243	1,047,881
Revenue Growth (YoY)	8.01%	4.88%	14.58%	15.58%	-10.37%	2.88%
Cost of Revenue	198,204	159,732	126,881	109,014	104,201	108,496
Gross Profit	1,197,633	1,144,820	1,117,002	976,578	835,042	939,385
Selling, General & Admin	995,989	946,219	878,008	760,509	655,418	746,300
Research & Development	2,048	2,048	1,741	1,735	1,952	1,544
Other Operating Expenses	25,402	428	-1,492	1,805	6,196	10,208
Operating Expenses	1,093,902	1,019,158	949,276	835,138	752,557	850,232
Operating Income	103,731	125,662	167,726	141,440	82,485	89,153
Interest Expense	-26,940	-29,487	-22,202	-17,390	-18,581	-21,056
Interest & Investment Income	134	9,187	4,935	3,151	4,568	6,044
Earnings From Equity Investments	1,803	3,654	3,418	2,448	1,680	517
Currency Exchange Gain (Loss)	710	710	3,266	832	-695	-460
Other Non Operating Income (Expenses)	5,279	5,278	-14,080	-19,740	13,448	-25,868
EBT Excluding Unusual Items	84,717	115,004	143,063	110,741	82,905	48,330
Merger & Restructuring Charges	-5,667	-9,992	-33,941	-19,516	-78,394	-19,682
Gain (Loss) on Sale of Investments	-3	127	-483	-	-914	2,175
Gain (Loss) on Sale of Assets	100	100	16,826	118,960	-11	77
Asset Writedown	-59,357	-72,136	-24,559	-1,353	-144,720	-73,670
Pretax Income	5,014	33,103	100,906	208,832	-141,134	-42,770
Income Tax Expense	30,210	38,572	34,982	93,980	11,163	30,136
Earnings From Continuing Operations	-25,196	-5,469	65,924	114,852	-152,297	-72,906
Minority Interest in Earnings	-6,000	-5,245	-6,077	-6,463	-7,299	-7,987
Net Income	-31,196	-10,714	59,847	108,389	-159,596	-80,893
Net Income to Common	-31,196	-10,714	59,847	108,389	-159,596	-80,893
Net Income Growth	-	-	-44.78%	-	-	-
Shares Outstanding (Basic)	260	264	268	279	279	281
Shares Outstanding (Diluted)	260	264	270	280	279	281
Shares Change (YoY)	-1.82%	-1.94%	-3.69%	0.20%	-0.55%	-0.33%
EPS (Basic)	-118.69	-40.52	223.33	388.79	-571.19	-287.92
EPS (Diluted)	-118.69	-40.52	221.96	387.11	-571.20	-287.94
EPS Growth	-	-	-42.66%	-	-	-
Free Cash Flow	52,482	46,375	62,370	118,679	66,839	47,713
Free Cash Flow Per Share	202.19	175.40	231.32	423.90	239.22	169.82
Dividend Per Share	130.750	139.500	-	117.500	71.250	95.000
Dividend Growth	1484.85%	-	-	64.91%	-25.00%	5.56%
Gross Margin	-	87.76%	89.80%	89.96%	88.91%	89.65%
Operating Margin	7.43%	9.63%	13.48%	13.03%	8.78%	8.51%
Profit Margin	-2.23%	-0.82%	4.81%	9.98%	-16.99%	-7.72%
Free Cash Flow Margin	3.76%	3.55%	5.01%	10.93%	7.12%	4.55%
EBITDA	184,421	204,381	241,896	216,316	168,453	179,120
EBITDA Margin	-	15.67%	19.45%	19.93%	17.93%	17.09%
D&A For EBITDA	80,690	78,719	74,170	74,876	85,968	89,967
EBIT	103,731	125,662	167,726	141,440	82,485	89,153
EBIT Margin	-	9.63%	13.48%	13.03%	8.78%	8.51%
Effective Tax Rate	-	116.52%	34.67%	45.00%	-	-

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