GDS Holdings Limited (GDS)

GDS Holdings 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
Revenue	10,175	9,957	9,326	7,819	5,739	4,122
Revenue Growth (YoY)	7.21%	6.76%	19.27%	36.24%	39.21%	47.65%
Cost of Revenue	8,170	8,034	7,390	6,039	4,189	3,080
Gross Profit	2,004	1,922	1,936	1,779	1,550	1,043
Selling, General & Admin	1,347	1,330	1,336	1,171	837.46	541.32
Research & Development	38.35	38.16	35.81	39.34	40.05	21.63
Other Operating Expenses	3,013	3,013	12.76	0	0	0
Operating Expenses	4,398	4,381	1,384	1,210	877.51	562.95
Operating Income	-2,394.04	-2,458.71	551.78	569.52	672.94	479.78
Interest Expense / Income	1,958	2,037	1,888	1,655	1,317	968.69
Other Expense / Income	-77.03	-190.85	-153.67	-62.81	-79.31	-62.48
Pretax Income	-4,275.49	-4,304.83	-1,182.44	-1,022.4	-564.26	-426.43
Income Tax	-115.95	-14.78	276.24	242.46	120.78	15.65
Net Income	-4,159.54	-4,290.05	-1,458.67	-1,264.86	-685.03	-442.08
Preferred Dividends	54.19	53.63	51.21	49.07	52.71	58.1
Net Income Common	-4,213.73	-4,343.68	-1,509.89	-1,313.94	-737.74	-500.19
Shares Outstanding (Basic)	1,470	1,468	1,464	1,453	1,254	1,103
Shares Outstanding (Diluted)	1,470	1,468	1,464	1,453	1,254	1,103
Shares Change	0.19%	0.26%	0.79%	15.90%	13.65%	11.38%
EPS (Basic)	-22.88	-23.68	-8.24	-7.20	-4.72	-3.60
EPS (Diluted)	-22.88	-23.68	-8.24	-7.20	-4.72	-3.60
Free Cash Flow	-3,486.81	-3,938.01	-4,945.62	-8,497.76	-7,699.69	-4,259.18
Free Cash Flow Per Share	-18.98	-21.46	-27.02	-46.79	-49.14	-30.89
Gross Margin	19.70%	19.31%	20.76%	22.76%	27.02%	25.29%
Operating Margin	-23.53%	-24.69%	5.92%	7.28%	11.73%	11.64%
Profit Margin	-41.41%	-43.63%	-16.19%	-16.81%	-12.85%	-12.13%
Free Cash Flow Margin	-34.27%	-39.55%	-53.03%	-108.69%	-134.17%	-103.32%
EBITDA	1,216	1,252	3,895	3,249	2,391	1,684
EBITDA Margin	11.95%	12.57%	41.76%	41.56%	41.66%	40.86%
Depreciation & Amortization	3,533	3,520	3,189	2,617	1,638	1,142
EBIT	-2,317.01	-2,267.85	705.45	632.34	752.25	542.26
EBIT Margin	-22.77%	-22.78%	7.56%	8.09%	13.11%	13.15%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).