Trend Micro Incorporated (TYO: 4704)

Trend Micro 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	267,624	248,691	223,795	190,359	174,061	165,195
Revenue Growth (YoY)	9.05%	11.12%	17.56%	9.36%	5.37%	2.98%
Cost of Revenue	66,702	63,662	54,300	42,017	38,166	32,299
Gross Profit	200,922	185,029	169,495	148,342	135,895	132,896
Selling, General & Admin	158,695	152,426	138,154	104,700	96,430	95,209
Operating Expenses	158,695	152,426	138,154	104,700	96,430	95,209
Operating Income	42,227	32,603	31,341	43,642	39,465	37,687
Interest Expense	-	-	-43	-12	-	-
Interest & Investment Income	3,625	5,845	2,142	424	724	1,705
Earnings From Equity Investments	-2,183	-2,862	-456	-110	-104	25
Currency Exchange Gain (Loss)	-3,448	-1,748	857	-787	-1,897	-474
Other Non Operating Income (Expenses)	24	291	353	28	691	352
EBT Excluding Unusual Items	40,245	34,129	34,194	43,185	38,879	39,295
Gain (Loss) on Sale of Investments	4,006	1,357	7,716	9,252	1,171	-87
Gain (Loss) on Sale of Assets	338	-129	-13	-66	-196	-69
Asset Writedown	-451	-451	-	-	-	-
Other Unusual Items	-2,930	-2,930	-	-	-	-
Pretax Income	41,208	31,976	41,897	52,371	39,854	39,139
Income Tax Expense	16,665	21,221	12,944	14,755	13,478	11,322
Earnings From Continuing Operations	24,543	10,755	28,953	37,616	26,376	27,817
Minority Interest in Earnings	-200	-24	890	751	528	129
Net Income	24,343	10,731	29,843	38,367	26,904	27,946
Net Income to Common	24,343	10,731	29,843	38,367	26,904	27,946
Net Income Growth	71.95%	-64.04%	-22.22%	42.61%	-3.73%	-1.30%
Shares Outstanding (Basic)	131	137	140	139	139	139
Shares Outstanding (Diluted)	131	137	140	139	139	140
Shares Change (YoY)	-4.91%	-2.18%	0.34%	-0.01%	-0.02%	-0.18%
EPS (Basic)	182.07	78.44	213.58	275.20	193.39	200.93
EPS (Diluted)	181.25	78.38	213.22	275.06	192.87	200.31
EPS Growth	76.63%	-63.24%	-22.48%	42.61%	-3.71%	-1.12%
Free Cash Flow	42,672	55,049	55,501	53,111	52,751	41,075
Free Cash Flow Per Share	325.27	402.07	396.54	380.76	378.16	294.41
Dividend Per Share	56.000	56.000	-	195.000	153.000	160.000
Dividend Growth	-	-	-	27.45%	-4.37%	-1.84%
Gross Margin	-	74.40%	75.74%	77.93%	78.07%	80.45%
Operating Margin	15.78%	13.11%	14.00%	22.93%	22.67%	22.81%
Profit Margin	9.10%	4.31%	13.33%	20.16%	15.46%	16.92%
Free Cash Flow Margin	15.94%	22.14%	24.80%	27.90%	30.31%	24.86%
EBITDA	71,730	60,918	56,526	64,536	62,142	53,504
EBITDA Margin	-	24.50%	25.26%	33.90%	35.70%	32.39%
D&A For EBITDA	29,503	28,315	25,185	20,894	22,677	15,817
EBIT	42,227	32,603	31,341	43,642	39,465	37,687
EBIT Margin	-	13.11%	14.00%	22.93%	22.67%	22.81%
Effective Tax Rate	-	66.37%	30.89%	28.17%	33.82%	28.93%
Advertising Expenses	-	11,134	10,433	7,135	6,461	8,105

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