Income Statement China Mobile Limited

Equities

941 HK0941009539

Integrated Telecommunications Services

Market Closed - Hong Kong S.E. Other stock markets 01:38:16 16/09/2024 pm IST			5-day change	1st Jan Change
71.25 ^HKD	+0.21%		0.00%	+9.95%

23/08	Chinese smartphone maker Honor gets investment from China Mobile	RE
21/08	China Mobile Adds 559,000 Customers to Mobile Business in July	MT

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Published financial data: CHINA MOBILE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	746B	768B	848B	937B	1,009B
Total Revenues	746B	768B	848B	937B	1,009B
Cost of Goods Sold, Total	351B	374B	426B	677B	725B
Gross Profit	395B	394B	422B	260B	285B
Selling General & Admin Expenses, Total	52.81B	62.18B	61.98B	104B	109B
Provision for Bad Debts	-	-	-	4.87B	9.47B
R&D Expenses	-	-	-	18.09B	28.71B
Depreciation & Amortization - (IS)	183B	172B	193B	-	-
Other Operating Expenses	43.16B	45.3B	47.21B	2.9B	-3.96B
Other Operating Expenses, Total	279B	280B	302B	130B	143B
Operating Income	116B	114B	120B	130B	142B
Interest Expense, Total	-3.25B	-2.98B	-2.51B	-2.33B	-3.73B
Interest And Investment Income	15.56B	11.45B	10.93B	23.96B	17.22B
Net Interest Expenses	12.31B	8.47B	8.42B	21.63B	13.49B
Income (Loss) On Equity Invest.	12.64B	12.68B	11.91B	-	-
Currency Exchange Gains (Loss)	-	-	-	327M	-4M
Other Non Operating Income (Expenses)	4.03B	5.58B	8.09B	-38M	-114M
EBT, Excl. Unusual Items	145B	141B	148B	152B	155B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	2.89B	5.8B	2.76B	12.87B
Gain (Loss) On Sale Of Assets	64M	-1M	-1.75B	-	-
Asset Writedown	-2.98B	-1.55B	-	-1.05B	-490M
Other Unusual Items	-	-	-	9.06B	2.8B
EBT, Incl. Unusual Items	142B	142B	152B	163B	171B
Income Tax Expense	35.34B	34.22B	35.88B	37.28B	38.6B
Earnings From Continuing Operations	107B	108B	116B	126B	132B
Net Income to Company	107B	108B	116B	126B	132B
Minority Interest	-150M	-297M	-158M	-135M	-169M
Net Income - (IS)	107B	108B	116B	125B	132B
Net Income to Common Incl Extra Items	107B	108B	116B	125B	132B
Net Income to Common Excl. Extra Items	107B	108B	116B	125B	132B
Per Share Items
Net EPS - Basic	5.21	5.27	5.67	5.88	6.16
Basic EPS - Continuing Operations	5.21	5.27	5.67	5.88	6.16
Basic Weighted Average Shares Outstanding	20.48B	20.48B	20.48B	21.35B	21.38B
Net EPS - Diluted	5.18	5.27	5.67	5.88	6.15
Diluted EPS - Continuing Operations	5.18	5.27	5.67	5.88	6.15
Diluted Weighted Average Shares Outstanding	20.48B	20.48B	20.48B	21.35B	21.41B
Normalized Basic EPS	4.42	4.29	4.51	4.45	4.53
Normalized Diluted EPS	4.42	4.29	4.51	4.45	4.53
Dividend Per Share	2.89	2.88	3.34	3.9	4.38
Payout Ratio	-	55.38	49.58	69.29	69.18
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	270B	261B	286B	292B	310B
EBITA	116B	118B	124B	136B	148B
EBIT	116B	114B	120B	130B	142B
EBITDAR	-	273B	300B	307B	326B
Total Revenues (As Reported)	746B	768B	848B	-	-
Effective Tax Rate - (Ratio)	24.87	24.04	23.58	22.89	22.63
Current Domestic Taxes	37.26B	40.27B	-	-	-
Total Current Taxes	37.26B	40.27B	39.39B	37.56B	41.81B
Total Deferred Taxes	-1.92B	-6.05B	-3.51B	-277M	-3.21B
Normalized Net Income	90.5B	87.84B	92.43B	94.93B	96.92B
Interest on Long-Term Debt	-	2.83B	2.55B	2.1B	3.51B
Supplemental Operating Expense Items
Selling and Marketing Expenses	52.81B	49.94B	48.24B	49.59B	52.48B
General and Administrative Expenses	-	-	-	54.2B	56.02B
Research And Development Expense From Footnotes	-	-	-	18.09B	28.71B
Net Rental Expense, Total	-	12.69B	14.21B	14.3B	16.49B
Imputed Operating Lease Interest Expense	-	4.29B	4.62B	3.14B	4.56B
Imputed Operating Lease Depreciation	-	8.4B	9.59B	11.15B	11.93B
Maintenance & Repair Expenses, Total	53.22B	-	-	-	-
Stock-Based Comp., COGS (Total)	-	232M	413M	-	-
Stock-Based Comp., Other (Total)	-	-	-	411M	717M
Total Stock-Based Compensation	-	232M	413M	411M	717M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	176B	213B	244B	223B	179B
Short Term Investments	131B	110B	123B	-	-
Trading Asset Securities, Total	114B	129B	133B	108B	156B
Total Cash And Short Term Investments	421B	452B	500B	332B	335B
Accounts Receivable, Total	37.7B	42.24B	41.22B	57.19B	75.49B
Other Receivables	35.48B	11.21B	12.75B	1.58B	1.82B
Notes Receivable	-	36.84B	-	16.43B	32.02B
Total Receivables	73.18B	90.28B	53.97B	75.2B	109B
Inventory	7.34B	8.04B	10.2B	11.7B	12.03B
Prepaid Expenses	26.71B	8.38B	9.33B	7.04B	7.52B
Other Current Assets, Total	1.65B	21.32B	22B	30.64B	34.43B
Total Current Assets	530B	580B	595B	456B	498B
Gross Property Plant And Equipment	-	2,132B	2,270B	2,368B	2,486B
Accumulated Depreciation	-	-1,290B	-1,419B	-1,473B	-1,602B
Net Property Plant And Equipment	817B	842B	850B	895B	884B
Long-term Investments	156B	178B	259B	412B	424B
Goodwill	35.34B	35.34B	35.34B	1M	1M
Other Intangibles, Total	30.93B	23.4B	23.91B	46.51B	47.6B
Accounts Receivable Long-Term	-	1.56B	2.1B	3.76B	4.23B
Deferred Tax Assets Long-Term	32.63B	39B	43.22B	43.64B	47.34B
Deferred Charges Long-Term	-	14.49B	17.84B	27.86B	32.43B
Other Long-Term Assets, Total	27.61B	14.13B	14.3B	14.75B	19.58B
Total Assets	1,629B	1,728B	1,841B	1,900B	1,957B
Liabilities
Accounts Payable, Total	168B	173B	165B	141B	170B
Accrued Expenses, Total	182B	99.82B	112B	31.88B	31.59B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	22.67B	24.17B	26.06B	30.92B	35.18B
Current Income Taxes Payable	9.82B	13.86B	13.58B	9.18B	14.9B
Unearned Revenue Current, Total	57.82B	79.03B	79.07B	75.26B	66.19B
Other Current Liabilities	21.68B	128B	186B	245B	241B
Total Current Liabilities	462B	517B	582B	533B	559B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	51.64B	42.46B	30.92B	81.74B	67.76B
Unearned Revenue Non Current	6.86B	8.6B	8.49B	8.81B	9.28B
Pension & Other Post Retirement Benefits	-	-	-	5.94B	6.4B
Deferred Tax Liability Non Current	1.39B	1.67B	2.37B	2.57B	3.08B
Other Non Current Liabilities	-	5.11B	7.11B	1.71B	1.59B
Total Liabilities	522B	575B	631B	634B	647B
Common Stock, Total	402B	402B	402B	454B	455B
Retained Earnings	-	1,011B	1,066B	1,110B	1,151B
Comprehensive Income and Other	702B	-265B	-262B	-301B	-299B
Total Common Equity	1,104B	1,149B	1,206B	1,262B	1,306B
Minority Interest	3.52B	3.86B	3.94B	4.08B	4.25B
Total Equity	1,107B	1,153B	1,210B	1,266B	1,311B
Total Liabilities And Equity	1,629B	1,728B	1,841B	1,900B	1,957B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.48B	20.48B	20.48B	21.36B	21.36B
ECS Total Common Shares Outstanding	20.48B	20.48B	20.48B	21.36B	21.36B
Book Value / Share	53.91	56.11	58.92	59.08	61.15
Tangible Book Value	1,038B	1,090B	1,147B	1,216B	1,259B
Tangible Book Value Per Share	50.67	53.24	56.02	56.9	58.93
Total Debt	74.3B	66.63B	56.98B	113B	103B
Net Debt	-347B	-385B	-443B	-219B	-232B
Debt Equivalent Oper. Leases	-	102B	114B	114B	132B
Minority Interest, Total (Incl. Fin. Div)	3.52B	3.86B	3.94B	4.08B	4.25B
Equity Method Investments, Total	155B	162B	170B	176B	182B
Account Code - Inventory Valuation	3	6	6	6	6
Inventories - Raw Materials, Total	-	1.78B	-	729M	534M
Inventories - Work In Process, Total	-	-	-	2.24B	2.18B
Inventories - Finished Goods, Total	-	6.26B	7.32B	8.65B	9.15B
Inventories - Others	-	-	2.89B	378M	467M
Buildings, Total	-	164B	171B	171B	176B
Machinery, Total	-	1,759B	1,883B	1,915B	2,020B
Full Time Employees	456K	454K	450K	451K	452K
Accumulated Allowance for Doubtful Accounts (Supple)	-	11.59B	13.12B	15.59B	23.64B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-	108B	116B	125B	132B
Depreciation & Amortization - CF	-	169B	189B	186B	192B
Amortization of Goodwill and Intangible Assets - (CF)	-	3.51B	4.18B	5.33B	5.68B
Depreciation & Amortization, Total	-	172B	193B	192B	198B
Amortization of Deferred Charges, Total - (CF)	-	-	-	8.32B	9.54B
(Gain) Loss From Sale Of Asset	-	1M	1.75B	873M	384M
(Gain) Loss on Sale of Investments - (CF)	-	-2.89B	-5.8B	-15.94B	-22.76B
Asset Writedown & Restructuring Costs	-	1.48B	88M	691M	568M
(Income) Loss On Equity Investments - (CF)	-	-12.68B	-11.91B	-	-
Stock-Based Compensation (CF)	-	232M	413M	411M	717M
Provision and Write-off of Bad Debts	-	5.08B	4.17B	4.45B	9.23B
Other Operating Activities, Total	-	-9.88B	-11.34B	-8.6B	-3.78B
Change In Accounts Receivable	-	-9.58B	-3.63B	-26.37B	-41.92B
Change In Inventories	-	-902M	-2.44B	-1.73B	-576M
Change In Accounts Payable	-	7.9B	5.55B	1.64B	26.22B
Change in Unearned Revenues	-	22.94B	-74M	-	-
Change In Deferred Taxes	-	-	-	-220M	-3.2B
Change in Other Net Operating Assets	-	25.81B	28.8B	-	-
Cash from Operations	-	308B	315B	281B	304B
Capital Expenditure	-	-190B	-203B	-190B	-181B
Sale of Property, Plant, and Equipment	-	266M	505M	525M	753M
Sale (Purchase) of Intangible assets	-	-872M	-4.64B	-	-
Investment in Marketable and Equity Securities, Total	-	2.96B	-50.8B	-85.3B	-18.22B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-17.92B	-	17.83B	-15.36B
Other Investing Activities, Total	-	17.04B	19.31B	18.49B	8.4B
Cash from Investing	-	-188B	-238B	-238B	-206B
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-27.35B	-28.5B	-28.92B	-25.01B
Total Debt Repaid	-	-27.35B	-28.5B	-28.92B	-25.01B
Issuance of Common Stock	-	-	48.7B	3.34B	1.4B
Repurchase of Common Stock	-	-	-	-707M	-
Common Dividends Paid	-	-59.73B	-57.58B	-86.93B	-91.16B
Common & Preferred Stock Dividends Paid	-	-59.73B	-57.58B	-86.93B	-91.16B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	4.82B	-7.81B	-7.28B	-9.08B
Cash from Financing	-	-82.25B	-45.2B	-121B	-124B
Foreign Exchange Rate Adjustments	-	-607M	-53M	980M	215M
Net Change in Cash	-	36.8B	31.21B	-76.84B	-25.55B
Supplemental Items
Cash Interest Paid	-	170M	131M	-	-
Cash Income Tax Paid (Refund)	-	36.11B	39.39B	47B	44.04B
Levered Free Cash Flow	-	86.3B	118B	39.77B	95.23B
Unlevered Free Cash Flow	-	88.16B	120B	41.23B	97.57B
Change In Net Working Capital	34.37B	-34.55B	-58.79B	51.04B	17.76B
Net Debt Issued / Repaid	-	-27.35B	-28.5B	-28.92B	-25.01B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.58	4.26	4.19	4.39	4.6
Return on Total Capital	6.48	5.95	6.02	6.23	6.36
Return On Equity %	9.87	9.57	9.84	10.29	10.24
Return on Common Equity	9.89	9.57	9.86	10.31	10.26
Margin Analysis
Gross Profit Margin %	52.94	51.32	49.74	27.76	28.21
SG&A Margin	7.08	8.09	7.31	11.11	10.75
EBITDA Margin %	36.23	33.94	33.74	31.2