Income Statement Thaicom

Equities

THCOM

TH0380010Y07

Wireless Telecommunications Services

End-of-day quote Thailand S.E. Other stock markets 2024-09-18			5-day change	1st Jan Change
13.10 ^THB	+1.55%		+3.15%	-0.76%

Aug. 07	Thaicom Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
May. 08	Thaicom Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: THAICOM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.66B	3.56B	3.3B	2.93B	2.63B
Other Revenues, Total	7.39M	7.48M	7.67M	40.43M	-
Total Revenues	4.67B	3.56B	3.31B	2.97B	2.63B
Cost of Goods Sold, Total	2.97B	2.07B	2B	1.5B	1.52B
Gross Profit	1.7B	1.49B	1.31B	1.47B	1.1B
Selling General & Admin Expenses, Total	1.04B	874M	885M	941M	855M
Provision for Bad Debts	-	-	-12.93M	-63.57M	-17.46M
Other Operating Expenses	651M	506M	351M	11.46K	-316M
Other Operating Expenses, Total	1.69B	1.38B	1.22B	877M	522M
Operating Income	11.6M	112M	89.28M	590M	581M
Interest Expense, Total	-300M	-187M	-155M	-121M	-126M
Interest And Investment Income	203M	141M	129M	166M	274M
Net Interest Expenses	-96.41M	-46.94M	-25.63M	45.27M	148M
Income (Loss) On Equity Invest.	-116M	3.74M	-267M	-306M	-184M
Currency Exchange Gains (Loss)	-128M	-58.56M	369M	120M	-57.1M
Other Non Operating Income (Expenses)	69.43M	39.11M	60.85M	-	-
EBT, Excl. Unusual Items	-260M	49.73M	227M	449M	488M
Impairment of Goodwill	-	-54.74M	-	-	-
Gain (Loss) On Sale Of Investments	-	7.72M	4.69M	2.92M	7K
Gain (Loss) On Sale Of Assets	-23.38M	4.75M	541K	5.57M	3.68M
Asset Writedown	-1.62B	-	-	-259M	-
Insurance Settlements	-	621M	-	-	-
EBT, Incl. Unusual Items	-1.91B	628M	232M	199M	492M
Income Tax Expense	344M	114M	88.28M	156M	138M
Earnings From Continuing Operations	-2.25B	514M	144M	42.21M	354M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-2.25B	514M	144M	42.21M	354M
Minority Interest	-	-	-	-	-
Net Income - (IS)	-2.25B	514M	144M	42.21M	354M
Net Income to Common Incl Extra Items	-2.25B	514M	144M	42.21M	354M
Net Income to Common Excl. Extra Items	-2.25B	514M	144M	42.21M	354M
Per Share Items
Net EPS - Basic	-2.05	0.47	0.13	0.04	0.32
Basic EPS - Continuing Operations	-2.05	0.47	0.13	0.04	0.32
Basic Weighted Average Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B
Net EPS - Diluted	-2.05	0.47	0.13	0.04	0.32
Diluted EPS - Continuing Operations	-2.05	0.47	0.13	0.04	0.32
Diluted Weighted Average Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B
Normalized Basic EPS	-0.15	0.03	0.13	0.26	0.28
Normalized Diluted EPS	-0.15	0.03	0.13	0.26	0.28
Dividend Per Share	0.2	0.2	0.3	0.5	0.13
Payout Ratio	-	42.67	152.62	778.99	154.97
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.82B	1.3B	1.05B	907M	905M
EBITA	1.32B	1.01B	720M	602M	622M
EBIT	11.6M	112M	89.28M	590M	581M
EBITDAR	-	1.3B	1.05B	910M	922M
Total Revenues (As Reported)	5B	4.23B	3.75B	3.1B	-
Effective Tax Rate - (Ratio)	-18.03	18.19	38.07	78.75	28.1
Total Current Taxes	31.39M	23.64M	47.33M	93.74M	104M
Total Deferred Taxes	312M	90.57M	40.95M	62.67M	33.82M
Normalized Net Income	-163M	31.08M	142M	281M	305M
Interest on Long-Term Debt	-	6.27M	27.62M	63.21M	56.83M
Non-Cash Pension Expense	75.28M	21.64M	21.69M	6.05M	7.19M
Supplemental Operating Expense Items
Selling and Marketing Expenses	42.34M	20.07M	16.86M	22.73M	24.03M
General and Administrative Expenses	998M	853M	867M	918M	830M
Net Rental Expense, Total	-	5.2M	4.35M	2.85M	16.85M
Imputed Operating Lease Interest Expense	-	1.93M	1.62M	1.13M	9.36M
Imputed Operating Lease Depreciation	-	3.27M	2.72M	1.72M	7.49M
Stock-Based Comp., Other (Total)	2.23M	806K	187K	-	-
Total Stock-Based Compensation	2.23M	806K	187K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.62B	2.3B	1.78B	3.75B	3.03B
Short Term Investments	3.08B	4.32B	3.12B	2.1B	1.34B
Total Cash And Short Term Investments	5.7B	6.62B	4.9B	5.85B	4.36B
Accounts Receivable, Total	983M	1.25B	1.05B	862M	614M
Other Receivables	840M	589M	737M	354M	282M
Notes Receivable	631M	853M	1B	52.62M	-
Total Receivables	2.45B	2.69B	2.79B	1.27B	897M
Inventory	124M	55.43M	7.34M	23.64M	15.23M
Prepaid Expenses	55.24M	38.16M	51.3M	89.68M	93.42M
Other Current Assets, Total	124M	67.53M	303M	244M	182M
Total Current Assets	8.46B	9.47B	8.05B	7.47B	5.55B
Gross Property Plant And Equipment	12.21B	12.44B	13.82B	13.69B	13.7B
Accumulated Depreciation	-8.9B	-9.2B	-9.6B	-9.82B	-10.35B
Net Property Plant And Equipment	3.31B	3.24B	4.21B	3.86B	3.35B
Long-term Investments	1.41B	1.39B	1.25B	744M	459M
Goodwill	54.74M	0	0	0	-232
Other Intangibles, Total	1.54B	648M	61.68M	53.43M	845M
Loans Receivable Long-Term	1.13B	899M	750M	1.77B	1.76B
Deferred Tax Assets Long-Term	797M	728M	690M	622M	594M
Deferred Charges Long-Term	11.6M	-	-	-	-
Other Long-Term Assets, Total	299M	294M	326M	319M	1.6B
Total Assets	17.01B	16.68B	15.34B	14.85B	14.16B
Liabilities
Accounts Payable, Total	251M	81.96M	68.4M	179M	161M
Accrued Expenses, Total	439M	372M	345M	241M	251M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	383M	2.62B	424M	439M	431M
Current Portion of Leases	8.73M	79.87M	228M	235M	144M
Current Income Taxes Payable	140K	4.19M	21.46M	47.55M	31.44M
Unearned Revenue Current, Total	-	-	-	72.09M	72.09M
Other Current Liabilities	443M	339M	335M	654M	350M
Total Current Liabilities	1.53B	3.5B	1.42B	1.87B	1.44B
Long-Term Debt	3.8B	1.14B	841M	433M	-
Long-Term Leases	6.41M	68.39M	1.22B	1.05B	909M
Unearned Revenue Non Current	-	-	-	258M	186M
Pension & Other Post Retirement Benefits	232M	283M	279M	247M	252M
Deferred Tax Liability Non Current	-	6.36M	-	-	-
Other Non Current Liabilities	447M	434M	444M	441M	1.14B
Total Liabilities	6.02B	5.43B	4.21B	4.3B	3.93B
Common Stock, Total	5.48B	5.48B	5.48B	5.48B	5.48B
Additional Paid In Capital	4.33B	4.33B	4.33B	4.33B	4.33B
Retained Earnings	1.42B	1.68B	1.62B	1.38B	1.16B
Comprehensive Income and Other	-234M	-236M	-295M	-632M	-735M
Total Common Equity	10.99B	11.25B	11.13B	10.55B	10.23B
Minority Interest	-262	-262	-262	-262	-262
Total Equity	10.99B	11.25B	11.13B	10.55B	10.23B
Total Liabilities And Equity	17.01B	16.68B	15.34B	14.85B	14.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.1B	1.1B	1.1B	1.1B	1.1B
ECS Total Common Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B
Book Value / Share	10.03	10.26	10.15	9.63	9.33
Tangible Book Value	9.4B	10.6B	11.07B	10.5B	9.39B
Tangible Book Value Per Share	8.58	9.67	10.1	9.58	8.56
Total Debt	4.2B	3.91B	2.72B	2.16B	1.48B
Net Debt	-1.5B	-2.71B	-2.19B	-3.69B	-2.88B
Debt Equivalent of Unfunded Proj. Benefit Obligation	232M	283M	279M	247M	252M
Debt Equivalent Oper. Leases	-	41.59M	34.78M	22.78M	135M
Minority Interest, Total (Incl. Fin. Div)	-262	-262	-262	-262	-262
Equity Method Investments, Total	1.41B	1.39B	1.25B	744M	459M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	26.87M	21.41M	20.72M	-	-
Inventories - Work In Process, Total	72.14M	22.39M	187K	-	-
Inventories - Finished Goods, Total	112M	92.55M	58.78M	-	-
Land - (BS)	380M	389M	387M	286M	296M
Machinery, Total	11.82B	11.76B	11.73B	11.45B	11.45B
Accumulated Allowance for Doubtful Accounts (Supple)	936M	929M	653M	515M	488M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.25B	514M	144M	42.21M	354M
Depreciation & Amortization - CF	500M	371M	489M	608M	609M
Amortization of Goodwill and Intangible Assets - (CF)	1.31B	901M	631M	12.62M	40.76M
Depreciation & Amortization, Total	1.81B	1.27B	1.12B	621M	650M
Amortization of Deferred Charges, Total - (CF)	2.93M	2.46M	2.35M	2.02M	2.02M
(Gain) Loss From Sale Of Asset	23.38M	-5.51M	-2.55M	-5.57M	-3.68M
Asset Writedown & Restructuring Costs	1.62B	153M	5M	309M	10.49K
(Income) Loss On Equity Investments - (CF)	116M	-3.74M	267M	306M	184M
Stock-Based Compensation (CF)	2.23M	806K	187K	-	-
Provision and Write-off of Bad Debts	65.87M	-8.56M	-12.93M	-63.57M	-17.46M
Other Operating Activities, Total	603M	230M	-410M	74.89M	20.58M
Change In Accounts Receivable	-212M	-30.46M	132M	632M	296M
Change In Inventories	-5.49M	69.4M	41.53M	-17.04M	5.89M
Change In Accounts Payable	-141M	-128M	47.86M	-155M	-8.82M
Change in Other Net Operating Assets	19.52M	-296M	-109M	257M	-475M
Cash from Operations	1.66B	1.77B	1.22B	2B	1.01B
Capital Expenditure	-224M	-70.78M	-45.51M	-55.36M	-1.39B
Sale of Property, Plant, and Equipment	25.29M	9.24M	9.62M	8.25M	25.1M
Cash Acquisitions	-	-	-	-	-
Divestitures	18.1M	-	-	-	-
Sale (Purchase) of Intangible assets	-1.66M	-7.23M	-26.73M	-5.93M	-86.15M
Investment in Marketable and Equity Securities, Total	1.17B	-1.24B	1.19B	1B	766M
Other Investing Activities, Total	256M	145M	319M	156M	315M
Cash from Investing	1.24B	-1.16B	1.45B	1.1B	-366M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	32M	-	-
Total Debt Issued	-	-	32M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-2.79B	-523M	-2.83B	-699M	-694M
Total Debt Repaid	-2.79B	-523M	-2.83B	-699M	-694M
Common Dividends Paid	-	-219M	-219M	-329M	-548M
Common & Preferred Stock Dividends Paid	-	-219M	-219M	-329M	-548M
Other Financing Activities, Total	-319M	-185M	-177M	-106M	-124M
Cash from Financing	-3.11B	-928M	-3.19B	-1.13B	-1.37B
Foreign Exchange Rate Adjustments	11.23K	-24.89K	43.46K	-3.27M	2.17M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-209M	-323M	-518M	1.97B	-723M
Supplemental Items
Cash Interest Paid	319M	185M	177M	106M	124M
Cash Income Tax Paid (Refund)	83.02M	23.06M	30.06M	11.89M	59.89M
Levered Free Cash Flow	1.04B	718M	687M	2.8B	-423M
Unlevered Free Cash Flow	1.22B	833M	782M	2.87B	-346M
Change In Net Working Capital	375M	432M	322M	-1.94B	-112M
Net Debt Issued / Repaid	-2.79B	-523M	-2.79B	-699M	-694M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.04	0.42	0.35	2.44	2.5
Return on Total Capital	0.04	0.46	0.38	2.78	2.98
Return On Equity %	-18.65	4.62	1.28	0.39	3.4
Return on Common Equity	-18.65	4.62	1.28	0.39	3.4
Margin Analysis
Gross Profit Margin %	36.45	41.85	39.64	49.44	41.99
SG&A Margin	22.27	24.51	26.72	31.71	32.55
EBITDA Margin %	39.04	36.34	31.72	30.56	34.46
EBITA Margin %	28.33	28.43	21.76	20.3	23.69
EBIT Margin %	0.25	3.15	2.7	19.87	22.14
Income From Continuing Operations Margin %	-48.17	14.41	4.34	1.42	13.46
Net Income Margin %	-48.17	14.41	4.34	1.42	13.46
Net Avail. For Common Margin %	-48.17	14.41	4.34	1.42	13.46
Normalized Net Income Margin	-3.48	0.87	4.28	9.46	11.62
Levered Free Cash Flow Margin	22.2	20.16	20.76	94.3	-16.12
Unlevered Free Cash Flow Margin