Income Statement Saudi Telecom Company

Equities

7010

SA0007879543

Integrated Telecommunications Services

Market Closed - Saudi Arabian S.E. Other stock markets 07:20:00 2025-02-13 am EST			5-day change	1st Jan Change
44.30 ^SAR	+0.68%		+0.34%	+10.75%

04:27am	Stc Group and Huawei Launch the Middle East's First Software Focused on Optimizing 5G Networks for Gaming	CI
Feb. 13	Iot squared Enters Partnership for AI Operating System for Urban Intelligence in Saudi Arabia	MT

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Published financial data: SAUDI TELECOM COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	54.37B	58.95B	63.42B	67.43B	72.34B
Total Revenues	54.37B	58.95B	63.42B	67.43B	72.34B
Cost of Goods Sold, Total	23.18B	26.11B	30.22B	31.82B	35.83B
Gross Profit	31.19B	32.84B	33.2B	35.61B	36.5B
Selling General & Admin Expenses, Total	9.93B	10.75B	10.36B	11.61B	12.54B
Depreciation & Amortization - (IS)	8.78B	9.36B	9.69B	9.99B	10.47B
Other Operating Expenses, Total	18.71B	20.11B	20.05B	21.6B	23.01B
Operating Income	12.48B	12.73B	13.15B	14.01B	13.49B
Interest Expense, Total	-476M	-416M	-370M	-442M	-916M
Interest And Investment Income	639M	414M	378M	602M	1.51B
Net Interest Expenses	164M	-1.72M	7.87M	160M	597M
Income (Loss) On Equity Invest.	49.6M	52.95M	-778M	-1.21B	52.58M
Currency Exchange Gains (Loss)	-3.89M	10.58M	-28.3M	-55.89M	-54.18M
Other Non Operating Income (Expenses)	-366M	-251M	-199M	-390M	-465M
EBT, Excl. Unusual Items	12.32B	12.54B	12.16B	12.51B	13.62B
Restructuring Charges	-600M	-600M	-313M	-366M	-863M
Impairment of Goodwill	-	-	-25.4M	-	-13.46M
Gain (Loss) On Sale Of Investments	287M	564M	852M	426M	215M
Gain (Loss) On Sale Of Assets	-325M	-150M	-34.03M	-181M	1.11B
Asset Writedown	-	-	-622K	-	-
Other Unusual Items	-	-	-	1.08B	724M
EBT, Incl. Unusual Items	11.69B	12.36B	12.64B	13.47B	14.79B
Income Tax Expense	762M	1.17B	1.04B	1.08B	1.38B
Earnings From Continuing Operations	10.92B	11.19B	11.59B	12.39B	13.42B
Net Income to Company	10.92B	11.19B	11.59B	12.39B	13.42B
Minority Interest	-260M	-190M	-283M	-216M	-124M
Net Income - (IS)	10.66B	10.99B	11.31B	12.17B	13.3B
Net Income to Common Incl Extra Items	10.66B	10.99B	11.31B	12.17B	13.3B
Net Income to Common Excl. Extra Items	10.66B	10.99B	11.31B	12.17B	13.3B
Per Share Items
Net EPS - Basic	2.13	2.2	2.27	2.44	2.67
Basic EPS - Continuing Operations	2.13	2.2	2.27	2.44	2.67
Basic Weighted Average Shares Outstanding	5B	5B	4.99B	4.99B	4.98B
Net EPS - Diluted	2.13	2.2	2.26	2.43	2.66
Diluted EPS - Continuing Operations	2.13	2.2	2.26	2.43	2.66
Diluted Weighted Average Shares Outstanding	5B	5B	5B	5B	5B
Normalized Basic EPS	1.49	1.53	1.47	1.52	1.68
Normalized Diluted EPS	1.49	1.53	1.46	1.52	1.68
Dividend Per Share	1.6	1.6	1.6	1.6	1.6
Payout Ratio	76.01	72.52	88.01	65.34	59.59
Supplemental Items
EBITDA	19.2B	19.77B	20.65B	21.69B	21.31B
EBITA	13.12B	13.48B	13.95B	14.88B	14.47B
EBIT	12.48B	12.73B	13.15B	14.01B	13.49B
EBITDAR	19.29B	-	20.7B	21.74B	21.35B
Effective Tax Rate - (Ratio)	6.52	9.47	8.23	8.04	9.3
Normalized Net Income	7.44B	7.65B	7.31B	7.6B	8.39B
Interest on Long-Term Debt	476M	416M	370M	442M	597M
Non-Cash Pension Expense	193M	100M	107M	144M	237M
Supplemental Operating Expense Items
Advertising Expense	770M	654M	-	-	-
Selling and Marketing Expenses	5.26B	5.86B	5.46B	6.11B	5.91B
General and Administrative Expenses	4.58B	4.89B	4.85B	5.45B	6.58B
Net Rental Expense, Total	88.6M	-	51.17M	50.64M	46.26M
Imputed Operating Lease Interest Expense	40.92M	-	10.45M	11.73M	15.07M
Imputed Operating Lease Depreciation	47.69M	-	40.73M	38.91M	31.19M
Maintenance & Repair Expenses, Total	3.93B	3.68B	2.94B	2.87B	2.67B
Stock-Based Comp., Other (Total)	-	6.12M	42.73M	112M	121M
Total Stock-Based Compensation	-	6.12M	42.73M	112M	121M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.03B	9B	8.28B	17.79B	13.41B
Short Term Investments	2.56B	10.61B	9.24B	10.75B	25.49B
Total Cash And Short Term Investments	10.59B	19.62B	17.52B	28.55B	38.91B
Accounts Receivable, Total	26.35B	20.86B	30.17B	29.96B	28.88B
Other Receivables	1.81B	1.28B	1.03B	-	-
Notes Receivable	-	-	-	-	-
Total Receivables	28.17B	22.14B	31.2B	29.96B	28.88B
Inventory	1.72B	1.01B	918M	1.02B	1.9B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	4.36B	3.09B	1.83B	1.41B	1.53B
Total Current Assets	44.84B	45.86B	51.47B	60.93B	71.22B
Gross Property Plant And Equipment	122B	130B	135B	138B	145B
Accumulated Depreciation	-74.4B	-79.21B	-84.41B	-88.32B	-92.94B
Net Property Plant And Equipment	47.97B	50.74B	50.16B	49.68B	51.9B
Long-term Investments	13.94B	13.59B	14.15B	13.47B	16.84B
Goodwill	143M	143M	118M	298M	5.19B
Other Intangibles, Total	9.76B	10.32B	10.62B	11.48B	12.09B
Accounts Receivable Long-Term	648M	458M	536M	540M	1.44B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	923M	637M	521M	436M	-
Other Long-Term Assets, Total	91.85M	217M	214M	389M	988M
Total Assets	118B	122B	128B	137B	160B
Liabilities
Accounts Payable, Total	8B	6.27B	4.03B	4.55B	4.88B
Accrued Expenses, Total	9.75B	10.69B	9.58B	12.4B	13.52B
Short-term Borrowings	-	2.63B	1.91B	2.34B	2.71B
Current Portion of Long-Term Debt	389M	318M	1.46B	277M	8.32B
Current Portion of Leases	1.3B	742M	870M	913M	948M
Current Income Taxes Payable	1.48B	1.9B	1.83B	2.08B	2.63B
Unearned Revenue Current, Total	2.49B	1.9B	3.59B	4.48B	4.58B
Other Current Liabilities	9.79B	8.44B	10.29B	9.36B	10.49B
Total Current Liabilities	33.19B	32.89B	33.56B	36.4B	48.07B
Long-Term Debt	8.92B	8.64B	7.85B	10.21B	13.64B
Long-Term Leases	1.58B	2.24B	2.35B	2.38B	3.25B
Unearned Revenue Non Current	4.09B	772M	772M	772M	1.11B
Pension & Other Post Retirement Benefits	4.81B	5.24B	5.47B	4.87B	5.26B
Other Non Current Liabilities	2.67B	6.93B	6.39B	6.55B	6.83B
Total Liabilities	55.27B	56.71B	56.39B	61.19B	78.17B
Common Stock, Total	20B	20B	20B	50B	50B
Retained Earnings	44.51B	47.51B	47.98B	22.17B	27.47B
Treasury Stock	-	-300M	-287M	-704M	-613M
Comprehensive Income and Other	-2.75B	-3.26B	1.57B	2.03B	2.13B
Total Common Equity	61.76B	63.95B	69.27B	73.5B	78.98B
Minority Interest	1.29B	1.32B	2.12B	2.53B	2.53B
Total Equity	63.06B	65.27B	71.39B	76.03B	81.52B
Total Liabilities And Equity	118B	122B	128B	137B	160B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5B	4.99B	4.99B	4.98B	4.98B
ECS Total Common Shares Outstanding	5B	4.99B	4.99B	4.98B	4.98B
Book Value / Share	12.35	12.81	13.87	14.75	15.85
Tangible Book Value	51.86B	53.48B	58.54B	61.72B	61.7B
Tangible Book Value Per Share	10.37	10.71	11.72	12.39	12.38
Total Debt	12.19B	14.56B	14.44B	16.13B	28.87B
Net Debt	1.6B	-5.06B	-3.08B	-12.42B	-10.04B
Debt Equivalent Oper. Leases	709M	-	409M	405M	370M
Minority Interest, Total (Incl. Fin. Div)	1.29B	1.32B	2.12B	2.53B	2.53B
Equity Method Investments, Total	6.62B	6.7B	5.92B	4.64B	4.53B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	2.11B	1.37B	1.2B	1.25B	2.09B
Land - (BS)	2.2B	2.2B	2.2B	2.21B	1.9B
Buildings, Total	13.12B	13.4B	14.21B	12.89B	13.62B
Accumulated Allowance for Doubtful Accounts (Supple)	2.82B	2.86B	2.76B	2.45B	2.38B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	10.66B	10.99B	11.31B	12.17B	13.3B
Depreciation & Amortization - CF	6.83B	7.22B	7.6B	7.7B	7.86B
Amortization of Goodwill and Intangible Assets - (CF)	642M	745M	798M	873M	980M
Depreciation & Amortization, Total	7.48B	7.97B	8.4B	8.58B	8.84B
Amortization of Deferred Charges, Total - (CF)	1.71B	1.9B	1.66B	1.7B	1.87B
(Gain) Loss From Sale Of Asset	325M	150M	34.03M	181M	-1.11B
(Gain) Loss on Sale of Investments - (CF)	-287M	-564M	-852M	-426M	-215M
Asset Writedown & Restructuring Costs	1K	-	26.02M	-	13.46M
(Income) Loss On Equity Investments - (CF)	-49.6M	-52.95M	778M	1.21B	-52.58M
Stock-Based Compensation (CF)	-	6.12M	42.73M	112M	121M
Provision and Write-off of Bad Debts	765M	1.19B	962M	945M	585M
Other Operating Activities, Total	951M	696M	944M	888M	635M
Change In Accounts Receivable	-9.15B	5.02B	-11.11B	1.53B	1.65B
Change In Inventories	-988M	709M	51.36M	-	-
Change In Accounts Payable	4.71B	606M	-2.99B	1.34B	-1.56B
Change in Unearned Revenues	-130M	-564M	1.69B	-1.2B	711M
Change in Other Net Operating Assets	-6.08B	266M	268M	-688M	-2.37B
Cash from Operations	9.92B	28.32B	11.22B	26.35B	22.42B
Capital Expenditure	-9.43B	-9.15B	-6.03B	-5.5B	-7.24B
Sale of Property, Plant, and Equipment	140M	16.75M	21.17M	2.36M	1.42B
Cash Acquisitions	-233M	-	-	-604M	-5.41B
Divestitures	-	-	3.56B	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-232M	-221M
Sale (Purchase) of Intangible assets	-1.94B	-1.69B	-2.18B	-2.21B	-2.33B
Investment in Marketable and Equity Securities, Total	8.8B	-7.12B	2.52B	-598M	-16.39B
Other Investing Activities, Total	680M	516M	398M	554M	1.8B
Cash from Investing	-1.98B	-17.43B	-1.71B	-8.58B	-28.38B
Long-Term Debt Issued, Total	5.38B	21.36M	1.12B	1.28B	11.83B
Total Debt Issued	5.38B	21.36M	1.12B	1.28B	11.83B
Long-Term Debt Repaid, Total	-1.06B	-1.23B	-1.71B	-1.17B	-1.65B
Total Debt Repaid	-1.06B	-1.23B	-1.71B	-1.17B	-1.65B
Repurchase of Common Stock	-	-300M	-	-453M	-
Common Dividends Paid	-8.11B	-7.97B	-9.95B	-7.95B	-7.92B
Common & Preferred Stock Dividends Paid	-8.11B	-7.97B	-9.95B	-7.95B	-7.92B
Special Dividend Paid	-4B	-	-	-	-
Other Financing Activities, Total	-280M	-433M	303M	43.01M	-669M
Cash from Financing	-8.07B	-9.92B	-10.24B	-8.26B	1.59B
Foreign Exchange Rate Adjustments	1.29M	-3.03M	6.62M	-6.86M	-5.41M
Net Change in Cash	-123M	973M	-723M	9.51B	-4.38B
Supplemental Items
Cash Interest Paid	280M	330M	262M	332M	592M
Levered Free Cash Flow	-3.86B	12.44B	1.94B	15.64B	12.28B
Unlevered Free Cash Flow	-3.57B	12.7B	2.17B	15.92B	12.85B
Change In Net Working Capital	9.19B	-5.72B	7.95B	-4.47B	-3.15B
Net Debt Issued / Repaid	4.32B	-1.21B	-584M	107M	10.18B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.85	6.62	6.58	6.61	5.68
Return on Total Capital	10.67	10.26	9.93	9.84	8.33
Return On Equity %	16.84	17.43	16.97	16.81	17.04
Return on Common Equity	16.76	17.49	16.98	17.05	17.44
Margin Analysis
Gross Profit Margin %	57.37	55.7	52.35	52.81	50.46
SG&A Margin	18.26	18.23	16.34	17.22	17.34
EBITDA Margin %	35.31	33.53	32.55	32.16	29.45
EBITA Margin %	24.14	22.86	22	22.07	20
EBIT Margin %	22.96	21.6	20.74	20.78	18.65
Income From Continuing Operations Margin %	20.09	18.97	18.28	18.37	18.55
Net Income Margin %	19.62	18.65	17.84	18.05	18.38
Net Avail. For Common Margin %	19.62	18.65	17.84	18.05	18.38
Normalized Net Income Margin	13.69	12.97	11.53	11.28	11.6
Levered Free Cash Flow Margin	-7.1	21.11	3.05	23.19	16.97
Unlevered Free Cash Flow Margin	-6.56	21.55	3.42	23.6	17.76
Asset Turnover
Asset Turnover	0.48	0.49	0.51	0.51	0.49
Fixed Assets Turnover	1.21	1.19	1.26	1.35	1.42
Receivables Turnover (Average Receivables)	2.42	2.5	2.5	2.23	2.47
Inventory Turnover (Average Inventory)	18.48	19.13	31.37	32.8	24.48
Short Term Liquidity
Current Ratio	1.35	1.39	1.53	1.67	1.48
Quick Ratio	1.17	1.27	1.45	1.61	1.41
Operating Cash Flow to Current Liabilities	0.3	0.86	0.33	0.72	0.47
Days Sales Outstanding (Average Receivables)	150.59	146.55	145.81	163.87	148.06
Days Outstanding Inventory (Average Inventory)	19.76	19.13	11.63	11.13	14.91
Average Days Payable Outstanding	91.42	99.5	51.24	49.02	46.83
Cash Conversion Cycle (Average Days)	78.92	66.18	106.21	125.98	116.14
Long Term Solvency
Total Debt/Equity	19.34	22.31	20.23	21.21	35.41
Total Debt / Total Capital