Income Statement HD Hyundai Co., Ltd.

Equities

A267250

KR7267250009

Oil & Gas Refining and Marketing

End-of-day quote Korea S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
78,700.00 ^KRW	+2.08%		+1.68%	+24.33%

Aug. 14	HD Hyundai Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Jul. 19	HD Hyundai Opens R&D Center for Naval Ship Innovation	MT

3832ea1.ZunnUcJ2YEAnV7B0CbDjDPl-_ryyh6WPWH4oFT-zTy0.E9-MHI4pKDARZYkicIOWfaBPjvjW49C8bjh7WHXDPBkPn6VlulsHKWQwgA

Published financial data: HD HYUNDAI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	26,579B	19,175B	28,159B	60,957B	62,164B
Interest And Invest. Income (Rev)	-	4.89B	-	-	-785B
Other Revenues, Total	50.93B	-269B	-	-107B	-47.68B
Total Revenues	26,630B	18,911B	28,159B	60,850B	61,331B
Cost of Goods Sold, Total	24,811B	18,352B	25,508B	54,910B	56,398B
Gross Profit	1,820B	559B	2,650B	5,939B	4,934B
Selling General & Admin Expenses, Total	926B	922B	1,218B	2,024B	2,241B
Provision for Bad Debts	67.65B	8.41B	20.81B	-86.83B	-23.16B
R&D Expenses	86.05B	84.61B	171B	342B	411B
Depreciation & Amortization - (IS)	69.26B	113B	132B	237B	236B
Other Operating Expenses	19.53B	25.31B	23.46B	37.1B	37.25B
Other Operating Expenses, Total	1,168B	1,154B	1,565B	2,553B	2,902B
Operating Income	652B	-595B	1,085B	3,386B	2,032B
Interest Expense, Total	-292B	-236B	-293B	-641B	-912B
Interest And Investment Income	41.09B	35.96B	34.23B	177B	283B
Net Interest Expenses	-251B	-200B	-259B	-464B	-629B
Income (Loss) On Equity Invest.	39.61B	84.31B	13.37B	-1,178B	4.31B
Currency Exchange Gains (Loss)	-34.12B	78.79B	-103B	26.32B	81.14B
Other Non Operating Income (Expenses)	-90.24B	-106B	-184B	1,368B	-355B
EBT, Excl. Unusual Items	315B	-737B	553B	3,139B	1,133B
Gain (Loss) On Sale Of Investments	-10.02B	-77.76B	-20.31B	-202B	-3.55B
Gain (Loss) On Sale Of Assets	-10.62B	-11.58B	3.65B	8.2B	-2B
Asset Writedown	-92.03B	-227B	-21.9B	-48.23B	-19.42B
Other Unusual Items	-	-	-	-	-150B
EBT, Incl. Unusual Items	203B	-1,053B	514B	2,896B	958B
Income Tax Expense	87.46B	-263B	328B	661B	172B
Earnings From Continuing Operations	115B	-790B	186B	2,235B	786B
Net Income to Company	115B	-790B	186B	2,235B	786B
Minority Interest	57.88B	181B	-318B	-826B	-521B
Net Income - (IS)	173B	-609B	-132B	1,409B	264B
Net Income to Common Incl Extra Items	173B	-609B	-132B	1,409B	264B
Net Income to Common Excl. Extra Items	173B	-609B	-132B	1,409B	264B
Per Share Items
Net EPS - Basic	2.37K	-8.56K	-1.87K	19.93K	3.74K
Basic EPS - Continuing Operations	2.37K	-8.56K	-1.87K	19.93K	3.74K
Basic Weighted Average Shares Outstanding	73.11M	71.14M	70.67M	70.67M	70.67M
Net EPS - Diluted	2.37K	-8.56K	-1.87K	19.93K	3.74K
Diluted EPS - Continuing Operations	2.37K	-8.56K	-1.87K	19.93K	3.74K
Diluted Weighted Average Shares Outstanding	73.11M	71.14M	70.67M	70.67M	70.67M
Normalized Basic EPS	3.49K	-3.94K	382.6	16.07K	2.65K
Normalized Diluted EPS	3.49K	-3.94K	382.6	16.07K	2.65K
Dividend Per Share	3.7K	3.7K	5.55K	4.6K	3.7K
Payout Ratio	156.14	-44.4	-296.44	23.08	146.95
Supplemental Items
EBITDA	1,332B	184B	1,987B	4,968B	3,791B
EBITA	725B	-513B	1,179B	3,590B	2,256B
EBIT	652B	-595B	1,085B	3,386B	2,032B
EBITDAR	1,337B	-	-	5,003B	3,830B
Effective Tax Rate - (Ratio)	43.13	25.01	63.81	22.84	17.99
Normalized Net Income	255B	-280B	27.04B	1,135B	187B
Interest Capitalized	-	-	-	65.24B	1.81B
Non-Cash Pension Expense	1.2B	-	-	-7.23B	-15.31B
Supplemental Operating Expense Items
Advertising Expense	51.17B	43.91B	63.45B	67.36B	108B
Selling and Marketing Expenses	447B	409B	510B	752B	719B
General and Administrative Expenses	94.37B	119B	154B	231B	247B
Research And Development Expense From Footnotes	86.05B	84.61B	171B	342B	411B
Net Rental Expense, Total	5.31B	-	-	34.9B	38.98B
Imputed Operating Lease Interest Expense	1.5B	-	-	-	-
Imputed Operating Lease Depreciation	3.81B	-	-	-	-
Maintenance & Repair Expenses, Total	9.88B	10.41B	15.84B	27.1B	31.63B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2,028B	2,039B	2,137B	3,995B	4,401B
Short Term Investments	323B	206B	264B	-	-
Trading Asset Securities, Total	368B	53.43B	135M	1,545B	1,828B
Total Cash And Short Term Investments	2,719B	2,298B	2,401B	5,540B	6,229B
Accounts Receivable, Total	2,320B	1,926B	4,052B	4,542B	4,891B
Other Receivables	438B	300B	562B	1,349B	1,182B
Notes Receivable	15.26B	1.12B	194M	10.96B	8.51B
Total Receivables	2,773B	2,227B	4,614B	5,903B	6,081B
Inventory	3,877B	3,022B	5,879B	9,471B	9,416B
Prepaid Expenses	32.71B	32B	50.84B	425B	519B
Other Current Assets, Total	501B	465B	452B	8,790B	9,835B
Total Current Assets	9,902B	8,043B	13,397B	30,128B	32,080B
Gross Property Plant And Equipment	12,985B	16,766B	21,473B	41,423B	42,602B
Accumulated Depreciation	-4,007B	-4,691B	-6,544B	-15,531B	-16,071B
Net Property Plant And Equipment	8,978B	12,074B	14,928B	25,891B	26,531B
Long-term Investments	4,105B	3,739B	3,473B	806B	881B
Goodwill	1,315B	1,307B	1,635B	1,632B	1,603B
Other Intangibles, Total	749B	613B	1,342B	2,573B	2,427B
Accounts Receivable Long-Term	151B	155B	219B	359B	291B
Loans Receivable Long-Term	66.21B	62.58B	63.5B	56.3B	65.07B
Deferred Tax Assets Long-Term	224B	253B	382B	1,916B	2,141B
Deferred Charges Long-Term	87.92B	88.45B	86.97B	169B	244B
Other Long-Term Assets, Total	138B	223B	289B	2,040B	1,718B
Total Assets	25,716B	26,559B	35,816B	65,571B	67,983B
Liabilities
Accounts Payable, Total	2,070B	1,614B	2,823B	4,305B	4,751B
Accrued Expenses, Total	248B	338B	478B	1,091B	1,234B
Short-term Borrowings	2,302B	1,052B	1,825B	2,077B	2,258B
Current Portion of Long-Term Debt	1,113B	1,196B	2,429B	4,208B	3,908B
Current Portion of Leases	122B	209B	258B	339B	329B
Current Income Taxes Payable	276B	70.31B	392B	589B	184B
Unearned Revenue Current, Total	22.29B	52.25B	36.36B	39.91B	41.07B
Other Current Liabilities	1,870B	1,804B	3,446B	13,364B	15,826B
Total Current Liabilities	8,022B	6,336B	11,686B	26,014B	28,532B
Long-Term Debt	4,653B	7,284B	9,411B	11,437B	12,158B
Long-Term Leases	460B	1,133B	1,258B	1,469B	1,278B
Unearned Revenue Non Current	28.71B	-	-	-	-
Pension & Other Post Retirement Benefits	47.78B	30.79B	43.95B	72.24B	88.18B
Deferred Tax Liability Non Current	478B	308B	542B	1,014B	987B
Other Non Current Liabilities	142B	369B	988B	2,040B	1,708B
Total Liabilities	13,831B	15,461B	23,928B	42,047B	44,751B
Preferred Stock Redeemable	-	-	-	260B	-
Total Preferred Equity	-	-	-	260B	-
Common Stock, Total	81.43B	81.43B	81.43B	81.43B	81.43B
Additional Paid In Capital	5,172B	5,193B	5,233B	5,253B	5,252B
Retained Earnings	3,183B	2,213B	1,701B	2,655B	2,439B
Treasury Stock	-490B	-490B	-490B	-490B	-490B
Comprehensive Income and Other	44.87B	17.38B	-208B	-14.66B	44.22B
Total Common Equity	7,992B	7,015B	6,318B	7,485B	7,328B
Minority Interest	3,893B	4,083B	5,569B	15,778B	15,904B
Total Equity	11,885B	11,098B	11,887B	23,524B	23,232B
Total Liabilities And Equity	25,716B	26,559B	35,816B	65,571B	67,983B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	73.11M	70.67M	70.67M	70.67M	70.67M
ECS Total Common Shares Outstanding	73.11M	70.67M	70.67M	70.67M	70.67M
Book Value / Share	109K	99.27K	89.4K	106K	104K
Tangible Book Value	5,928B	5,095B	3,341B	3,280B	3,297B
Tangible Book Value Per Share	81.08K	72.09K	47.27K	46.41K	46.66K
Total Debt	8,650B	10,874B	15,180B	19,530B	19,931B
Net Debt	5,931B	8,577B	12,779B	13,991B	13,702B
Debt Equivalent of Unfunded Proj. Benefit Obligation	46.81B	-	-	-533B	-411B
Debt Equivalent Oper. Leases	42.5B	-	-	279B	312B
Minority Interest, Total (Incl. Fin. Div)	3,893B	4,083B	5,569B	15,778B	15,904B
Equity Method Investments, Total	4,094B	3,685B	3,322B	464B	509B
Inventories - Raw Materials, Total	1,056B	787B	1,647B	3,235B	3,068B
Inventories - Work In Process, Total	576B	514B	809B	1,559B	1,928B
Inventories - Finished Goods, Total	2,328B	1,812B	3,540B	4,995B	4,744B
Land - (BS)	1,833B	2,209B	2,748B	7,954B	7,954B
Buildings, Total	2,734B	2,939B	3,640B	10,643B	10,725B
Machinery, Total	5,748B	6,501B	7,464B	15,175B	15,594B
Accumulated Allowance for Doubtful Accounts (Supple)	244B	231B	380B	1,265B	1,193B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	173B	-609B	-132B	1,409B	264B
Depreciation & Amortization - CF	607B	697B	808B	1,378B	1,535B
Amortization of Goodwill and Intangible Assets - (CF)	73.14B	81.7B	93.76B	204B	224B
Depreciation & Amortization, Total	680B	778B	902B	1,582B	1,759B
(Income) Loss On Equity Investments - (CF)	-90.54B	269B	350B	171B	43.52B
Provision and Write-off of Bad Debts	52.64B	10.7B	20.46B	-87.6B	-22.64B
Other Operating Activities, Total	160B	-622B	516B	898B	260B
Change In Accounts Receivable	-51.66B	362B	-644B	-71.24B	-327B
Change In Inventories	442B	872B	-1,703B	-1,767B	108B
Change In Accounts Payable	-270B	-451B	284B	-406B	472B
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	110B	276B	612B	407B	1,377B
Cash from Operations	1,206B	887B	206B	2,134B	3,935B
Capital Expenditure	-1,245B	-2,211B	-2,153B	-1,969B	-2,100B
Sale of Property, Plant, and Equipment	175B	16.49B	57.33B	36.3B	41.39B
Cash Acquisitions	-	-	-	-1.22B	-36.56M
Divestitures	28.18B	118B	215B	2,742B	819M
Sale (Purchase) of Intangible assets	-101B	-34.78B	-35.08B	-95.24B	-131B
Investment in Marketable and Equity Securities, Total	-463B	331B	23.3B	467B	-389B
Other Investing Activities, Total	-33.88B	-38.17B	30.23B	55.49B	-44.19B
Cash from Investing	-1,640B	-1,818B	-1,862B	1,235B	-2,622B
Long-Term Debt Issued, Total	24,915B	16,160B	13,993B	23,686B	23,805B
Total Debt Issued	24,915B	16,160B	13,993B	23,686B	23,805B
Long-Term Debt Repaid, Total	-24,895B	-14,978B	-12,530B	-24,820B	-23,593B
Total Debt Repaid	-24,895B	-14,978B	-12,530B	-24,820B	-23,593B
Repurchase of Common Stock	-	-124B	-	-	-
Common & Preferred Stock Dividends Paid	-270B	-270B	-392B	-325B	-389B
Common & Preferred Stock Dividends Paid	-270B	-270B	-392B	-325B	-389B
Other Financing Activities, Total	1,615B	163B	637B	-78.37B	-729B
Cash from Financing	1,364B	950B	1,708B	-1,537B	-906B
Foreign Exchange Rate Adjustments	2.32B	-8.8B	46.83B	25.92B	-873M
Miscellaneous Cash Flow Adjustments	-3.23B	-	-	-	-
Net Change in Cash	929B	10.02B	98.56B	1,858B	406B
Supplemental Items
Cash Interest Paid	267B	280B	358B	663B	901B
Cash Income Tax Paid (Refund)	157B	308B	282B	497B	729B
Levered Free Cash Flow	301B	-1,156B	-2,746B	10.22B	1,612B
Unlevered Free Cash Flow	484B	-1,009B	-2,563B	411B	2,182B
Change In Net Working Capital	-743B	-830B	1,954B	1,224B	-1,384B
Net Debt Issued / Repaid	19.43B	1,181B	1,463B	-1,134B	212B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.66	-1.42	2.17	4.18	1.9
Return on Total Capital	2.09	-1.75	2.77	6.04	2.95
Return On Equity %	1.03	-6.87	1.62	12.64	3.36
Return on Common Equity	2.2	-8.12	-1.98	20.43	3.57
Margin Analysis
Gross Profit Margin %	6.83	2.96	9.41	9.76	8.04
SG&A Margin	3.48	4.88	4.32	3.33	3.65
EBITDA Margin %	5	0.97	7.06	8.16	6.18
EBITA Margin %	2.72	-2.71	4.19	5.9	3.68
EBIT Margin %	2.45	-3.15	3.85	5.56	3.31
Income From Continuing Operations Margin %	0.43	-4.18	0.66	3.67	1.28
Net Income Margin %	0.65	-3.22	-0.47	2.31	0.43
Net Avail. For Common Margin %	0.65	-3.22	-0.47	2.31	0.43
Normalized Net Income Margin	0.96	-1.48	0.1	1.87	0.3
Levered Free Cash Flow Margin	1.13	-6.11	-9.75	0.02	2.63
Unlevered Free Cash Flow Margin	1.82	-5.33	-9.1	0.67	3.56
Asset Turnover
Asset Turnover	1.09	0.72	0.9	1.2	0.92
Fixed Assets Turnover	3.16	1.8	2.09	3	2.34
Receivables Turnover (Average Receivables)	11.42	9.03	9.42	14.19	13.18
Inventory Turnover (Average Inventory)	6.05	5.32	5.73	7.08	5.97
Short Term Liquidity
Current Ratio	1.23	1.27	1.15	1.16	1.12
Quick Ratio	0.68	0.71	0.6	0.44	0.43
Operating Cash Flow to Current Liabilities	0.15	0.14	0.02	0.08	0.14
Days Sales Outstanding (Average Receivables)	31.96	40.52	38.74	25.73	27.69
Days Outstanding Inventory (Average Inventory)	60.37	68.79	63.68	51.52	61.12
Average Days Payable Outstanding	32.96	38.53	28.55	22.29	29.33
Cash Conversion Cycle (Average Days)	59.36	70.78	73.88	54.96	59.48
Long Term Solvency
Total Debt/Equity	72.78	97.99	127.7	83.02	85.79
Total Debt / Total Capital	42.12	49.49	56.08	45.36	46.18
LT Debt/Equity	43.02	75.84