Income Statement NEXON Co., Ltd.

Equities

3659

JP3758190007

Internet Services

Market Closed - Japan Exchange Other stock markets 11:30:00 06/09/2024 am IST			5-day change	1st Jan Change
2,730.00 ^JPY	-2.85%		-4.55%	+6.25%

04/09	Nexon Targets 750 Billion Yen in Sales by 2027	MT
19/08	Jefferies Adjusts Nexon's Price Target to 4,870 Yen From 4,340 Yen, Keeps at Buy	MT

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Published financial data: NEXON CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	249B	293B	274B	354B	423B
Total Revenues	249B	293B	274B	354B	423B
Cost of Goods Sold, Total	59.59B	69.01B	72.12B	106B	138B
Gross Profit	189B	224B	202B	248B	285B
Selling General & Admin Expenses, Total	66.25B	81.91B	82.05B	110B	119B
Provision for Bad Debts	-	-	-	-	5.59B
R&D Expenses	14.9B	16.54B	21B	25.93B	24.62B
Depreciation & Amortization - (IS)	3.97B	5.25B	5.44B	3.75B	4.31B
Other Operating Expenses	-1.26B	-1.19B	-436M	-426M	-106M
Other Operating Expenses, Total	83.85B	103B	108B	139B	153B
Operating Income	105B	121B	94.29B	109B	132B
Interest Expense, Total	-401M	-357M	-415M	-588M	-1.41B
Interest And Investment Income	13.38B	8.28B	6.45B	12.99B	24.62B
Net Interest Expenses	12.98B	7.92B	6.04B	12.4B	23.21B
Income (Loss) On Equity Invest.	-325M	765M	-999M	-10.25B	-3.51B
Currency Exchange Gains (Loss)	16.23B	-17.74B	36.43B	41.71B	10.44B
Other Non Operating Income (Expenses)	-180M	-189M	-388M	656M	95M
EBT, Excl. Unusual Items	134B	112B	135B	154B	162B
Gain (Loss) On Sale Of Investments	6.11B	1.25B	3.94B	-2.33B	2.12B
Gain (Loss) On Sale Of Assets	-43M	-56M	-5M	-32M	-8M
Asset Writedown	-17.9B	-5.27B	-3.83B	-10.69B	-38.61B
EBT, Incl. Unusual Items	122B	108B	135B	141B	126B
Income Tax Expense	8.73B	52.68B	22.41B	40.54B	54.84B
Earnings From Continuing Operations	113B	55.49B	113B	99.99B	71.08B
Net Income to Company	113B	55.49B	113B	99.99B	71.08B
Minority Interest	2.43B	731M	1.82B	349M	-475M
Net Income - (IS)	116B	56.22B	115B	100B	70.61B
Net Income to Common Incl Extra Items	116B	56.22B	115B	100B	70.61B
Net Income to Common Excl. Extra Items	116B	56.22B	115B	100B	70.61B
Per Share Items
Net EPS - Basic	129.34	63.57	128.91	114.74	82.89
Basic EPS - Continuing Operations	129.34	63.57	128.91	114.74	82.89
Basic Weighted Average Shares Outstanding	894M	884M	891M	875M	852M
Net EPS - Diluted	128.03	61.9	126.55	113.81	82.33
Diluted EPS - Continuing Operations	128.03	61.9	126.55	113.81	82.33
Diluted Weighted Average Shares Outstanding	901M	894M	903M	882M	857M
Normalized Basic EPS	96.23	80.16	96.98	110.16	118.62
Normalized Diluted EPS	95.5	79.3	95.74	109.27	117.84
Dividend Per Share	2.5	5	7.5	10	10
Payout Ratio	-	7.86	3.87	8.76	12.15
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	113B	130B	103B	116B	141B
EBITA	105B	121B	94.29B	109B	132B
EBIT	105B	121B	94.29B	109B	132B
Effective Tax Rate - (Ratio)	7.16	48.7	16.54	28.85	43.55
Normalized Net Income	86.06B	70.88B	86.43B	96.34B	101B
Supplemental Operating Expense Items
Advertising Expense	18.72B	20.42B	17.39B	25.72B	32.98B
Selling and Marketing Expenses	24.04B	27.04B	23.14B	32.79B	43.52B
General and Administrative Expenses	1.54B	1.85B	2.84B	4.48B	3.42B
Research And Development Expense From Footnotes	14.9B	16.54B	21B	25.93B	24.62B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	254B	253B	365B	409B	281B
Short Term Investments	257B	273B	170B	162B	316B
Total Cash And Short Term Investments	511B	526B	535B	572B	597B
Accounts Receivable, Total	28.64B	20.94B	17.58B	30.44B	37.87B
Total Receivables	28.64B	20.94B	17.58B	30.44B	37.87B
Other Current Assets, Total	13.89B	31.9B	41.21B	39.73B	54.88B
Total Current Assets	553B	579B	594B	642B	690B
Net Property Plant And Equipment	30.09B	34.22B	35.43B	45.96B	52.85B
Long-term Investments	50.01B	174B	263B	248B	238B
Goodwill	42.48B	38.42B	38.94B	40.14B	43.92B
Other Intangibles, Total	21.52B	14.94B	17.7B	9.66B	17.85B
Deferred Tax Assets Long-Term	21.49B	21.96B	38.21B	57.14B	55.9B
Total Assets	719B	862B	987B	1,043B	1,098B
Liabilities
Accounts Payable, Total	7.75B	10.67B	9.35B	14.7B	16.33B
Accrued Expenses, Total	4.07B	6.88B	5.79B	10.16B	11.74B
Short-term Borrowings	2.22B	2.09B	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	2.13B	2.66B	3.04B	4.04B	5.63B
Current Income Taxes Payable	7.4B	15.77B	16.6B	23.7B	17.93B
Unearned Revenue Current, Total	10.25B	11.5B	11.03B	18.94B	21.06B
Other Current Liabilities	7.34B	8.39B	7.51B	11.58B	16.67B
Total Current Liabilities	41.17B	57.97B	53.32B	83.13B	89.37B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	8.51B	11.84B	12.28B	19.28B	24.09B
Deferred Tax Liability Non Current	16.77B	51.12B	53.96B	50.37B	51.75B
Other Non Current Liabilities	21.51B	20.79B	21.17B	22.52B	26.32B
Total Liabilities	87.96B	142B	141B	175B	192B
Common Stock, Total	17.97B	22.68B	34.26B	38.97B	47.51B
Additional Paid In Capital	35.69B	17.42B	14.96B	18.33B	26.72B
Retained Earnings	555B	600B	713B	703B	707B
Treasury Stock	-27.22B	-	-17.86B	-16.46B	-45.05B
Comprehensive Income and Other	38.51B	69.98B	92.75B	114B	160B
Total Common Equity	620B	710B	837B	858B	896B
Minority Interest	11.15B	10.56B	9.22B	9.35B	10.31B
Total Equity	631B	720B	846B	868B	907B
Total Liabilities And Equity	719B	862B	987B	1,043B	1,098B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	883M	888M	891M	861M	839M
ECS Total Common Shares Outstanding	882M	887M	891M	861M	842M
Book Value / Share	702.6	800.35	939.19	996.95	1.06K
Tangible Book Value	556B	657B	780B	808B	834B
Tangible Book Value Per Share	630.07	740.19	875.61	939.11	991.51
Total Debt	12.86B	16.59B	15.33B	23.32B	29.72B
Net Debt	-498B	-509B	-520B	-549B	-567B
Minority Interest, Total (Incl. Fin. Div)	11.15B	10.56B	9.22B	9.35B	10.31B
Equity Method Investments, Total	2.52B	5.2B	58.93B	83.6B	58.12B
Full Time Employees	6.43K	6.29K	6.68K	7.47K	8.23K
Accumulated Allowance for Doubtful Accounts (Supple)	1.07B	1.08B	1.06B	982M	874M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	122B	108B	135B	141B	126B
Depreciation & Amortization - CF	7.69B	8.57B	8.47B	6.77B	8.6B
Depreciation & Amortization, Total	7.69B	8.57B	8.47B	6.77B	8.6B
(Gain) Loss From Sale Of Asset	18.01B	9.66B	2.94B	5.34B	3.04B
(Gain) Loss on Sale of Investments - (CF)	-	-4.38B	-703M	1.02B	39.71B
(Income) Loss On Equity Investments - (CF)	325M	-765M	999M	10.25B	3.51B
Other Operating Activities, Total	-21.92B	-14.85B	-36.45B	-40.18B	-57.85B
Change In Accounts Receivable	-301M	5.86B	4.82B	-8.97B	-4.52B
Change In Accounts Payable	448M	2.69B	-1.47B	4.09B	946M
Change in Other Net Operating Assets	-21.15B	22.65B	-8.16B	11.31B	9.34B
Cash from Operations	105B	138B	106B	130B	129B
Capital Expenditure	-1.42B	-2.34B	-1.58B	-2.8B	-3.41B
Sale of Property, Plant, and Equipment	149M	77M	68M	120M	41M
Cash Acquisitions	-6.86B	-2.08B	-52.64B	-29.05B	-26.63B
Divestitures	284M	55M	-	9.61B	126M
Sale (Purchase) of Intangible assets	-690M	-890M	-12.54B	-3.1B	-2.31B
Investment in Marketable and Equity Securities, Total	-19.17B	-133B	89.06B	21.54B	-149B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-10M	-4.27B	-6.13B
Other Investing Activities, Total	-913M	-2.04B	-4.28B	-2.97B	-1.3B
Cash from Investing	-28.62B	-140B	18.08B	-10.92B	-188B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-1.85B	-137M	-2.09B	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-1.85B	-137M	-2.09B	-	-
Issuance of Common Stock	3.13B	7.05B	4.1B	6.02B	12.48B
Repurchase of Common Stock	-27.22B	-2.78B	-16.03B	-98.82B	-79.02B
Common & Preferred Stock Dividends Paid	-	-4.42B	-4.44B	-8.78B	-8.58B
Common & Preferred Stock Dividends Paid	-	-4.42B	-4.44B	-8.78B	-8.58B
Other Financing Activities, Total	-1.79B	-2.34B	-2.58B	-4.27B	-3.43B
Cash from Financing	-27.74B	-2.63B	-21.05B	-106B	-78.55B
Foreign Exchange Rate Adjustments	-362M	4.19B	9.72B	30.76B	9.36B
Net Change in Cash	48.34B	-1.07B	113B	44.13B	-129B
Supplemental Items
Cash Interest Paid	397M	408M	415M	585M	1.4B
Cash Income Tax Paid (Refund)	20.54B	17.88B	37.59B	39.64B	54.17B
Levered Free Cash Flow	79.97B	87.15B	44.12B	86.09B	66.7B
Unlevered Free Cash Flow	80.22B	87.38B	44.38B	86.46B	67.58B
Change In Net Working Capital	-8.96B	-6.1B	8.9B	-17.43B	17.93B
Net Debt Issued / Repaid	-1.85B	-137M	-2.09B	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	9.6	9.6	6.37	6.72	7.72
Return on Total Capital	10.82	11	7.37	7.78	9.04
Return On Equity %	18.93	8.21	14.44	11.67	8.01
Return on Common Equity	19.68	8.45	14.86	11.84	8.05
Margin Analysis
Gross Profit Margin %	76.03	76.45	73.72	70.1	67.42
SG&A Margin	26.66	27.95	29.89	30.99	28.06
EBITDA Margin %	45.38	44.39	37.44	32.75	33.26
EBITA Margin %	42.29	41.46	34.35	30.83	31.23
EBIT Margin %	42.29	41.46	34.35	30.83	31.23
Income From Continuing Operations Margin %	45.56	18.94	41.2	28.27	16.79
Net Income Margin %	46.54	19.19	41.86	28.37	16.68
Net Avail. For Common Margin %	46.54	19.19	41.86	28.37	16.68
Normalized Net Income Margin	34.62	24.19	31.49	27.24	23.87
Levered Free Cash Flow Margin	32.18	29.74	16.07	24.34	15.75
Unlevered Free Cash Flow Margin	32.28	29.82	16.17	24.44	15.96
Asset Turnover
Asset Turnover	0.36	0.37	0.3	0.35	0.4
Fixed Assets Turnover	9	9.11	7.88	8.69	8.57
Receivables Turnover (Average Receivables)	8.29	11.82	14.25	14.73	12.39
Short Term Liquidity
Current Ratio	13.44	9.98	11.13	7.72	7.71
Quick Ratio	13.11	9.43	10.36	7.24	7.1
Operating Cash Flow to Current Liabilities	2.55	2.37	1.99	1.57	1.44
Days Sales Outstanding (Average Receivables)	44.05	30.96	25.61	24.78	29.45
Average Days Payable Outstanding	46.55	48.85	50.66	41.51	41.06
Long Term Solvency
Total Debt/Equity	2.04	2.3	1.81	2.69	3.28
Total Debt / Total Capital	2	2.25	1.78	2.62	3.17
LT Debt/Equity	1.35	1.64	1.45	2.22	2.66
Long-Term Debt / Total Capital	1.32	1.61	1.43	2.16	2.57
Total Liabilities / Total Assets	12.23	16.44	14.26	16.81	17.44
EBIT / Interest Expense	262.1	340.32	227.2	185.48	93.76
EBITDA / Interest Expense	281.29	364.34	247.6	196.99	99.85
(EBITDA - Capex) / Interest Expense	277.73	357.78	243.78	192.23	97.44
Total Debt / EBITDA	0.11	0.13	0.15	0.2	0.21
Net Debt / EBITDA	-4.42	-3.91	-5.06	-4.74	-4.03
Total Debt / (EBITDA - Capex)	0.12	0.13	0.15	0.21	0.22
Net Debt / (EBITDA - Capex)	-4.47	-3.99	-5.14	-4.85	-4.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.04	17.9	-6.33	28.88	19.69
Gross Profit, 1 Yr. Growth %	-3.68	18.55	-9.68	22.53	15.12
EBITDA, 1 Yr. Growth %	-0.71	15.31	-21	12.73	21.55
EBITA, 1 Yr. Growth %	-1.91	15.6	-22.4	15.67	21.21
EBIT, 1 Yr. Growth %	-1.91	15.6	-22.4	15.67	21.21
Earnings From Cont. Operations, 1 Yr. Growth %	9.96	-51	103.76	-11.56	-28.91
Net Income, 1 Yr. Growth %	7.42	-51.39	104.35	-12.66	-29.63
Normalized Net Income, 1 Yr. Growth %