BYD Company Limited (BYDDF)

BYD Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	595,239	590,468	414,781	208,285	151,940	123,322
Other Revenue	11,847	11,847	9,279	7,857	4,658	4,416
Revenue	607,086	602,315	424,061	216,142	156,598	127,739
Revenue Growth (YoY)	27.16%	42.04%	96.20%	38.02%	22.59%	-1.78%
Cost of Revenue	481,700	482,803	352,650	188,705	126,751	107,077
Gross Profit	125,386	119,512	71,411	27,437	29,847	20,662
Selling, General & Admin	42,868	40,213	26,132	12,259	10,526	8,964
Research & Development	43,948	39,575	18,654	7,991	7,465	5,629
Other Operating Expenses	6,935	7,282	5,546	764.68	459.19	1,319
Operating Expenses	93,751	87,070	50,332	21,014	18,450	15,913
Operating Income	31,635	32,442	21,079	6,423	11,397	4,749
Interest Expense	-2,100.92	-1,827.61	-1,316.35	-1,907.64	-3,123.8	-3,487.41
Interest & Investment Income	4,863	4,431	1,830	631.84	214.61	353.76
Currency Exchange Gain (Loss)	638.79	638.79	1,216	-533.32	-805.55	130.46
Other Non Operating Income (Expenses)	302.6	-115.67	-22.05	75.58	31.4	-10.85
EBT Excluding Unusual Items	35,339	35,569	22,787	4,689	7,714	1,735
Gain (Loss) on Sale of Investments	319.84	257.74	-665.81	-9.78	-324.08	-805.25
Gain (Loss) on Sale of Assets	-1,100.02	-1,053.7	-876.12	-112.8	-375.66	-99.75
Asset Writedown	-150.43	-	-413.64	-93.29	-192.95	-
Other Unusual Items	3,361	2,495	248.75	44.65	61.61	1,601
Pretax Income	37,769	37,269	21,080	4,518	6,883	2,431
Income Tax Expense	6,024	5,925	3,367	550.74	868.62	312.27
Earnings From Continuing Operations	31,745	31,344	17,713	3,967	6,014	2,119
Minority Interest in Earnings	-1,265.41	-1,303.26	-1,090.66	-922.08	-1,779.7	-504.41
Net Income	30,480	30,041	16,622	3,045	4,234	1,614
Preferred Dividends & Other Adjustments	39.81	39.81	6.29	19.27	-	-
Net Income to Common	30,440	30,001	16,616	3,026	4,234	1,614
Net Income Growth	52.82%	80.72%	445.86%	-28.08%	162.27%	-41.93%
Shares Outstanding (Basic)	2,907	2,906	2,908	2,854	2,880	3,229
Shares Outstanding (Diluted)	2,909	2,908	2,910	2,854	2,880	3,229
Shares Change (YoY)	-0.25%	-0.08%	1.97%	-0.91%	-10.79%	8.01%
EPS (Basic)	10.47	10.32	5.71	1.06	1.47	0.50
EPS (Diluted)	10.47	10.32	5.71	1.06	1.47	0.50
EPS Growth	53.09%	80.74%	438.68%	-27.89%	194.00%	-46.24%
Free Cash Flow	49,657	47,632	43,381	28,123	33,619	-5,886.15
Free Cash Flow Per Share	17.07	16.38	14.90	9.85	11.67	-1.82
Dividend Per Share	3.096	3.096	1.142	0.105	0.148	0.060
Dividend Growth	171.10%	171.10%	987.62%	-29.05%	146.67%	-70.59%
Gross Margin	20.65%	19.84%	16.84%	12.69%	19.06%	16.17%
Operating Margin	5.21%	5.39%	4.97%	2.97%	7.28%	3.72%
Profit Margin	5.02%	4.99%	3.92%	1.41%	2.70%	1.26%
Free Cash Flow Margin	8.18%	7.91%	10.23%	13.01%	21.47%	-4.61%
EBITDA	79,075	74,334	40,783	20,231	23,715	14,333
EBITDA Margin	13.03%	12.34%	9.62%	9.36%	15.14%	11.22%
D&A For EBITDA	47,439	41,892	19,704	13,808	12,318	9,584
EBIT	31,635	32,442	21,079	6,423	11,397	4,749
EBIT Margin	5.21%	5.39%	4.97%	2.97%	7.28%	3.72%
Effective Tax Rate	15.95%	15.90%	15.97%	12.19%	12.62%	12.84%
Revenue as Reported	607,086	602,315	424,061	-	156,598	127,739
Advertising Expenses	-	4,267	2,202	1,355	1,490	1,082

Source: S&P Capital IQ. Standard template.