Balance Sheet NAVER Corporation

Equities

A035420

KR7035420009

Internet Services

End-of-day quote Korea S.E. Other stock markets 2025-01-14			5-day change	1st Jan Change
202,000.00 ^KRW	-0.98%		-2.88%	+1.56%

Jan. 03	Naver to Use Treasury Stocks for Employee Compensation	MT
Jan. 03	South Korean Shares Rebound Sharply as Investors Seek Bargains; Samsung Gains 2%, Naver 3%	MT

3132615.BqJanGcjzVZzqAQYrUCow8GFEMfmLQAPYf_QwvWx8lE.dNUL1AkVnjgK0WF_4jfjqJPGcaTXWng-OMrkm7PkmCNW5wz1MXukLh77NA

Published financial data: NAVER CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6,593B	5,304B	6,818B	8,220B	9,671B
Total Revenues	6,593B	5,304B	6,818B	8,220B	9,671B
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	6,593B	5,304B	6,818B	8,220B	9,671B
Selling General & Admin Expenses, Total	5,341B	3,748B	5,044B	6,329B	7,567B
Provision for Bad Debts	1.25B	415M	-	-	-
Depreciation & Amortization - (IS)	460B	311B	412B	519B	528B
Amortization of Goodwill and Intangible Assets - (IS)	37.68B	13.17B	21.18B	42.28B	54.33B
Other Operating Expenses	44.43B	16.07B	14.99B	25.06B	32.97B
Other Operating Expenses, Total	5,885B	4,089B	5,492B	6,915B	8,182B
Operating Income	709B	1,215B	1,325B	1,305B	1,489B
Interest Expense, Total	-34.89B	-21.67B	-45.17B	-71.69B	-127B
Interest And Investment Income	35.56B	39.77B	88.74B	107B	137B
Net Interest Expenses	677M	18.1B	43.58B	35.36B	9.73B
Income (Loss) On Equity Invest.	-10.04B	137B	532B	21.18B	244B
Currency Exchange Gains (Loss)	-14.11B	-12.15B	-26.11B	-79.09B	-42.72B
Other Non Operating Income (Expenses)	-82.4B	-101B	-239B	-279B	22.75B
EBT, Excl. Unusual Items	603B	1,256B	1,635B	1,003B	1,723B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	262B	375B	488B	-122B	-210B
Gain (Loss) On Sale Of Assets	2.11B	2.58B	2.68B	203B	3.11B
Asset Writedown	-	-	-	-	-34.22B
EBT, Incl. Unusual Items	867B	1,634B	2,126B	1,084B	1,481B
Income Tax Expense	466B	493B	649B	411B	496B
Earnings From Continuing Operations	400B	1,141B	1,478B	673B	985B
Earnings Of Discontinued Operations	-3.59B	-296B	15,000B	-	-
Net Income to Company	397B	845B	16,478B	673B	985B
Minority Interest	186B	157B	12.22B	87.08B	27.3B
Net Income - (IS)	583B	1,002B	16,490B	760B	1,012B
Preferred Dividend and Other Adjustments	-	-	10.36B	10.37B	20.71B
Net Income to Common Incl Extra Items	583B	1,002B	16,479B	750B	992B
Net Income to Common Excl. Extra Items	587B	1,298B	1,480B	750B	992B
Per Share Items
Net EPS - Basic	4.01K	6.88K	111K	5.01K	6.59K
Basic EPS - Continuing Operations	4.03K	8.91K	9.95K	5.01K	6.59K
Basic Weighted Average Shares Outstanding	146M	146M	149M	150M	150M
Net EPS - Diluted	4.01K	5.79K	110K	4.98K	6.58K
Diluted EPS - Continuing Operations	4.03K	7.81K	9.89K	4.98K	6.58K
Diluted Weighted Average Shares Outstanding	146M	147M	150M	150M	151M
Normalized Basic EPS	3.87K	6.47K	6.96K	4.77K	7.34K
Normalized Diluted EPS	3.87K	6.43K	6.89K	4.75K	7.32K
Dividend Per Share	376	402	511	914	790
Payout Ratio	8.04	5.48	0.36	28.06	6.16
Supplemental Items
EBITDA	1,207B	1,710B	1,759B	1,866B	2,071B
EBITA	746B	1,245B	1,347B	1,347B	1,543B
EBIT	709B	1,215B	1,325B	1,305B	1,489B
EBITDAR	1,225B	1,716B	1,770B	1,877B	2,081B
Effective Tax Rate - (Ratio)	53.8	30.15	30.51	37.88	33.51
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	563B	942B	1,034B	714B	1,104B
Interest Capitalized	1.93B	1.71B	8.72B	8.6B	4.42B
Non-Cash Pension Expense	93.44B	93.64B	176B	239B	280B
Supplemental Operating Expense Items
Advertising Expense	884B	763B	1,072B	1,301B	1,480B
Selling and Marketing Expenses	3,102B	2,388B	3,213B	4,182B	4,951B
General and Administrative Expenses	190B	152B	184B	218B	234B
Net Rental Expense, Total	18.04B	5.76B	10.84B	10.93B	9.98B
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	63.47B	81.4B	173B	19.65B	191B
Total Stock-Based Compensation	63.47B	81.4B	173B	19.65B	191B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3,741B	1,600B	2,781B	2,724B	3,576B
Short Term Investments	290B	291B	674B	1,216B	808B
Trading Asset Securities, Total	65.74B	923B	486B	744B	698B
Total Cash And Short Term Investments	4,096B	2,815B	3,941B	4,685B	5,082B
Accounts Receivable, Total	-	-	-	5.77B	496B
Other Receivables	7.89B	1.37B	1.32B	13.01B	1,207B
Notes Receivable	16.45B	1.7B	127B	19.29B	13.38B
Total Receivables	24.34B	3.07B	128B	38.07B	1,716B
Inventory	55.11B	4.34B	6.14B	8.65B	14.81B
Prepaid Expenses	141B	49.93B	74.55B	100B	104B
Other Current Assets, Total	1,327B	4,687B	1,378B	1,608B	101B
Total Current Assets	5,644B	7,559B	5,528B	6,440B	7,019B
Gross Property Plant And Equipment	3,358B	2,747B	3,623B	4,701B	5,174B
Accumulated Depreciation	-1,065B	-933B	-1,222B	-1,504B	-1,740B
Net Property Plant And Equipment	2,294B	1,814B	2,402B	3,197B	3,433B
Long-term Investments	3,487B	4,346B	24,612B	22,336B	21,208B
Goodwill	212B	34.24B	621B	948B	2,578B
Other Intangibles, Total	129B	70.89B	311B	534B	868B
Accounts Receivable Long-Term	-	-	-	-	29.6B
Loans Receivable Long-Term	395M	516M	556M	4.57B	22.91B
Deferred Tax Assets Long-Term	381B	109B	98.43B	266B	381B
Other Long-Term Assets, Total	152B	3,081B	119B	175B	197B
Total Assets	12,300B	17,014B	33,691B	33,899B	35,738B
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	448B	253B	358B	341B	515B
Short-term Borrowings	510B	498B	343B	1,453B	788B
Current Portion of Long-Term Debt	50.02B	95.02B	119B	-	443B
Current Portion of Leases	169B	53.35B	106B	193B	235B
Current Income Taxes Payable	314B	384B	515B	349B	334B
Unearned Revenue Current, Total	145B	36.72B	77.14B	128B	129B
Other Current Liabilities	2,138B	5,044B	2,406B	3,015B	3,861B
Total Current Liabilities	3,773B	6,365B	3,923B	5,481B	6,306B
Long-Term Debt	802B	151B	3,189B	2,033B	2,649B
Long-Term Leases	555B	92.17B	206B	589B	519B
Unearned Revenue Non Current	977M	296M	412M	165M	170M
Pension & Other Post Retirement Benefits	473B	462B	554B	577B	608B
Deferred Tax Liability Non Current	80.45B	56.52B	1,155B	986B	1,051B
Other Non Current Liabilities	110B	1,632B	636B	783B	366B
Total Liabilities	5,796B	8,759B	9,664B	10,449B	11,500B
Common Stock, Total	16.48B	16.48B	16.48B	16.48B	16.48B
Additional Paid In Capital	1,575B	1,793B	1,490B	1,556B	1,243B
Retained Earnings	5,712B	6,655B	23,080B	23,646B	24,544B
Treasury Stock	-1,390B	-1,215B	-1,066B	-1,017B	-853B
Comprehensive Income and Other	-108B	117B	14.79B	-1,458B	-1,745B
Total Common Equity	5,805B	7,367B	23,536B	22,744B	23,206B
Minority Interest	699B	888B	492B	706B	1,032B
Total Equity	6,504B	8,255B	24,027B	23,450B	24,238B
Total Liabilities And Equity	12,300B	17,014B	33,691B	33,899B	35,738B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	145M	147M	149M	150M	151M
ECS Total Common Shares Outstanding	145M	147M	149M	150M	151M
Book Value / Share	39.91K	49.96K	158K	152K	154K
Tangible Book Value	5,464B	7,262B	22,603B	21,263B	19,760B
Tangible Book Value Per Share	37.57K	49.25K	151K	142K	131K
Total Debt	2,087B	890B	3,961B	4,268B	4,634B
Net Debt	-2,009B	-1,925B	20.3B	-416B	-449B
Debt Equivalent of Unfunded Proj. Benefit Obligation	473B	571B	554B	577B	608B
Debt Equivalent Oper. Leases	144B	46.11B	86.7B	87.44B	79.82B
Minority Interest, Total (Incl. Fin. Div)	699B	888B	492B	706B	1,032B
Equity Method Investments, Total	1,558B	1,199B	20,090B	18,541B	17,589B
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	28.82B	5.06M	1.15B	1.4B	12.27M
Inventories - Finished Goods, Total	40.19B	4.92B	5.65B	8.19B	16.44B
Inventories - Others	-190	320	-230	40	-210
Land - (BS)	309B	310B	311B	324B	357B
Buildings, Total	605B	607B	643B	1,240B	1,888B
Machinery, Total	1,525B	1,296B	1,633B	1,912B	2,208B
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	583B	1,002B	16,490B	760B	1,012B
Depreciation & Amortization - CF	460B	465B	412B	519B	528B
Amortization of Goodwill and Intangible Assets - (CF)	37.68B	29.96B	21.18B	42.28B	54.33B
Depreciation & Amortization, Total	498B	495B	433B	561B	582B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	226M	-12B	2.83B	-200B	463M
(Gain) Loss on Sale of Investments - (CF)	-269B	-376B	-19.79B	-14.63B	-6.05B
Asset Writedown & Restructuring Costs	9.21B	92.41B	5.55B	13.77B	32.01B
(Income) Loss On Equity Investments - (CF)	10.35B	-216B	-16,679B	-10.1B	-244B
Stock-Based Compensation (CF)	63.47B	156B	248B	95.5B	272B
Provision and Write-off of Bad Debts	5.47B	12.75B	6.46B	676M	4.73B
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-111B	66.19B	903B	-60.67B	-10.79B
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-55.84B	-110B	-39.57B	-56.36B	42.77B
Change In Inventories	-	-	-	-	-2.25B
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	622B	338B	29.5B	364B	319B
Cash from Operations	1,357B	1,447B	1,380B	1,453B	2,002B
Capital Expenditure	-436B	-759B	-754B	-701B	-641B
Sale of Property, Plant, and Equipment	6.74B	8.99B	6.7B	12.2B	7.32B
Cash Acquisitions	4.8B	-18.12B	-11,937B	4.26B	-1,285B
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-70.96B	-103B	-51.71B	-54.58B	-51B
Investment in Marketable and Equity Securities, Total	-555B	-1,574B	-1,137B	-474B	1,013B
Net (Increase) Decrease in Loans Originated / Sold - Investing	258M	-45.69B	-112B	7.11B	9.75B
Other Investing Activities, Total	-28.54B	-11.57B	-14.11B	-9.92B	-2.93B
Cash from Investing	-1,078B	-2,503B	-13,999B	-1,216B	-950B
Short Term Debt Issued, Total	221B	2,117B	261B	140B	905B
Long-Term Debt Issued, Total	-	893B	11,388B	237B	1,112B
Total Debt Issued	221B	3,009B	11,649B	377B	2,018B
Short Term Debt Repaid, Total	-76.17B	-915B	-529B	-359B	-1,276B
Long-Term Debt Repaid, Total	-138B	-963B	-114B	-279B	-821B
Total Debt Repaid	-214B	-1,878B	-644B	-638B	-2,097B
Issuance of Common Stock	-	-	216B	61.41B	28B
Repurchase of Common Stock	-93.69B	-15.52B	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-46.86B	-54.95B	-59.78B	-213B	-62.4B
Common & Preferred Stock Dividends Paid	-46.86B	-54.95B	-59.78B	-213B	-62.4B
Other Financing Activities, Total	186B	132B	481B	73.74B	3.96B
Cash from Financing	52.34B	1,192B	11,642B	-339B	-110B
Foreign Exchange Rate Adjustments	86.58B	-30.99B	-87.7B	44.74B	-90.09B
Miscellaneous Cash Flow Adjustments	140	-2,245B	-10	-	-
Net Change in Cash	418B	-2,140B	-1,064B	-57.23B	852B
Supplemental Items
Cash Interest Paid	39.3B	71.54B	58.26B	40.17B	129B
Cash Income Tax Paid (Refund)	478B	573B	713B	861B	682B
Levered Free Cash Flow	1,078B	-62.61B	1,397B	906B	1,757B
Unlevered Free Cash Flow	1,100B	-49.07B	1,425B	950B	1,837B
Change In Net Working Capital	-602B	523B	-796B	-310B	-824B
Net Debt Issued / Repaid	6.45B	1,131B	11,005B	-261B	-79.6B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.99	5.18	3.27	2.41	2.67
Return on Total Capital	5.64	8.56	4.46	2.93	3.29
Return On Equity %	6.43	15.46	9.15	2.84	4.13
Return on Common Equity	10.62	19.71	9.58	3.24	4.32
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	81	70.67	73.98	77	78.24
EBITDA Margin %	18.3	32.24	25.8	22.7	21.42
EBITA Margin %	11.32	23.47	19.75	16.39	15.96
EBIT Margin %	10.75	22.91	19.44	15.87	15.4
Income From Continuing Operations Margin %	6.07	21.51	21.68	8.19	10.19
Net Income Margin %	8.84	18.89	241.87	9.25	10.47
Net Avail. For Common Margin %	8.9	24.47	21.7	9.12	10.25
Normalized Net Income Margin	8.54	17.76	15.17	8.68	11.42
Levered Free Cash Flow Margin	16.35	-1.18	20.49	11.02	18.17
Unlevered Free Cash Flow Margin	16.68	-0.93	20.9	11.56	18.99
Asset Turnover
Asset Turnover	0.59	0.36	0.27	0.24	0.28
Fixed Assets Turnover