Tencent Holdings Limited (VIE: NNND)

Tencent Holdings Income Statement

Financials in millions CNY. 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
Operating Revenue	623,339	603,620	547,358	552,433	474,569	369,723
Other Revenue	7,100	5,395	7,194	7,685	7,495	7,566
Revenue	630,439	609,015	554,552	560,118	482,064	377,289
Revenue Growth (YoY)	7.91%	9.82%	-0.99%	16.19%	27.77%	20.66%
Cost of Revenue	306,584	315,903	315,665	314,187	260,440	209,705
Gross Profit	323,855	293,112	238,887	245,931	221,624	167,584
Selling, General & Admin	141,353	137,736	135,925	130,441	101,383	74,842
Other Operating Expenses	-9,394	-7,571	-7,918	-8,360	-5,141	-4,678
Operating Expenses	131,959	130,165	128,007	122,081	96,242	70,164
Operating Income	191,896	162,947	110,880	123,850	125,382	97,420
Interest Expense	-12,038	-11,885	-9,985	-7,918	-7,449	-7,690
Interest & Investment Income	15,621	13,808	8,592	7,310	8,722	7,328
Earnings From Equity Investments	14,465	5,800	-16,129	-16,444	3,672	-1,681
Currency Exchange Gain (Loss)	-227	-383	633	804	-438	77
EBT Excluding Unusual Items	210,147	170,287	93,991	107,602	129,889	95,454
Impairment of Goodwill	-70	-	-	-8,702	-4,205	-20
Gain (Loss) on Sale of Investments	-6,567	-6,090	116,287	149,160	55,005	14,180
Gain (Loss) on Sale of Assets	126	126	108	-	-	-
Asset Writedown	-3	-3	-141	2	-667	-214
Other Unusual Items	-2,982	-2,996	-20	-	-	-
Pretax Income	200,651	161,324	210,225	248,062	180,022	109,400
Income Tax Expense	45,003	43,276	21,516	20,252	19,897	13,512
Earnings From Continuing Operations	155,648	118,048	188,709	227,810	160,125	95,888
Minority Interest in Earnings	-2,922	-2,832	-466	-2,988	-278	-2,578
Net Income	152,726	115,216	188,243	224,822	159,847	93,310
Net Income to Common	152,726	115,216	188,243	224,822	159,847	93,310
Net Income Growth	-22.95%	-38.79%	-16.27%	40.65%	71.31%	18.54%
Shares Outstanding (Basic)	9,382	9,455	9,528	9,528	9,490	9,468
Shares Outstanding (Diluted)	9,526	9,610	9,695	9,696	9,650	9,603
Shares Change (YoY)	-1.48%	-0.88%	-0.01%	0.48%	0.49%	0.37%
EPS (Basic)	16.28	12.19	19.76	23.60	16.84	9.86
EPS (Diluted)	15.92	11.89	19.34	23.16	16.52	9.64
EPS Growth	-21.90%	-38.54%	-16.51%	40.20%	71.34%	17.20%
Free Cash Flow	218,232	200,954	123,412	145,884	160,049	125,824
Free Cash Flow Per Share	22.91	20.91	12.73	15.05	16.59	13.10
Dividend Per Share	3.086	3.086	2.123	1.303	1.347	1.073
Dividend Growth	45.37%	45.37%	62.87%	-3.25%	25.59%	22.15%
Gross Margin	51.37%	48.13%	43.08%	43.91%	45.97%	44.42%
Operating Margin	30.44%	26.76%	19.99%	22.11%	26.01%	25.82%
Profit Margin	24.23%	18.92%	33.95%	40.14%	33.16%	24.73%
Free Cash Flow Margin	34.62%	33.00%	22.25%	26.05%	33.20%	33.35%
EBITDA	213,072	183,937	134,297	146,995	144,667	110,605
EBITDA Margin	33.80%	30.20%	24.22%	26.24%	30.01%	29.32%
D&A For EBITDA	21,176	20,990	23,417	23,145	19,285	13,185
EBIT	191,896	162,947	110,880	123,850	125,382	97,420
EBIT Margin	30.44%	26.76%	19.99%	22.11%	26.01%	25.82%
Effective Tax Rate	22.43%	26.83%	10.23%	8.16%	11.05%	12.35%
Revenue as Reported	630,439	609,015	554,552	560,118	482,064	377,289
Advertising Expenses	-	22,836	18,764	31,335	26,596	-

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