Income Statement Singapore Telecommunications Limited

Equities

Z74

SG1T75931496

Integrated Telecommunications Services

Market Closed - Singapore S.E. Other stock markets 02:36:02 16/09/2024 pm IST			5-day change	1st Jan Change
3.280 ^SGD	0.00%		+5.47%	+32.26%

05/09	Singtel Unit Optus Gets ACCC Nod for Regional Network Sharing with TPG	MT
05/09	Australian Mobile Networks Progress With Capital-Light Sharing Agreement -- Update	DJ

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Published financial data: SINGAPORE TELECOMMUNICATIONS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.65TCr	1.56TCr	1.53TCr	1.46TCr	1.41TCr
Total Revenues	1.65TCr	1.56TCr	1.53TCr	1.46TCr	1.41TCr
Cost of Goods Sold, Total	1.22TCr	1.2TCr	1.17TCr	1.11TCr	1.07TCr
Gross Profit	438.96Cr	369.01Cr	363.4Cr	350.55Cr	339.17Cr
Selling General & Admin Expenses, Total	2.7Cr	-	1.97Cr	1.47Cr	1.41Cr
Depreciation & Amortization - (IS)	258.03Cr	268.48Cr	272.25Cr	257.41Cr	244.4Cr
Other Operating Expenses	-17Cr	-15Cr	-16Cr	-20Cr	-22Cr
Other Operating Expenses, Total	243.73Cr	253.24Cr	258.09Cr	239.11Cr	223.8Cr
Operating Income	195.23Cr	115.77Cr	105.31Cr	111.44Cr	115.37Cr
Interest Expense, Total	-44Cr	-37Cr	-38Cr	-38Cr	-41Cr
Interest And Investment Income	18Cr	29L	9.09Cr	5.69Cr	14Cr
Net Interest Expenses	-26Cr	-37Cr	-29Cr	-32Cr	-27Cr
Income (Loss) On Equity Invest.	-53Cr	61Cr	165.28Cr	182.68Cr	136.15Cr
Currency Exchange Gains (Loss)	52L	-48L	-18L	-55L	-9L
Other Non Operating Income (Expenses)	-1.68Cr	-2.44Cr	-1.94Cr	-3.64Cr	-3.6Cr
EBT, Excl. Unusual Items	114.61Cr	136.44Cr	239.13Cr	257.68Cr	221.14Cr
Restructuring Charges	-5.01Cr	-1.78Cr	-3.51Cr	-1.96Cr	-6.08Cr
Impairment of Goodwill	-19Cr	-84Cr	-1.75Cr	-106.93Cr	-262.58Cr
Gain (Loss) On Sale Of Assets	36L	-61L	-65L	29L	1L
Asset Writedown	-19L	-30Cr	-14L	-	-51Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	66Cr	55Cr	29Cr	110.76Cr	194.91Cr
EBT, Incl. Unusual Items	156.54Cr	75Cr	262.12Cr	259.84Cr	96Cr
Income Tax Expense	51Cr	19Cr	66Cr	36Cr	16Cr
Earnings From Continuing Operations	105.22Cr	56Cr	195.93Cr	223.35Cr	80Cr
Net Income to Company	105.22Cr	56Cr	195.93Cr	223.35Cr	80Cr
Minority Interest	2.24Cr	-62L	-1.08Cr	-84L	-85L
Net Income - (IS)	107.46Cr	55Cr	194.85Cr	222.51Cr	80Cr
Net Income to Common Incl Extra Items	107.46Cr	55Cr	194.85Cr	222.51Cr	80Cr
Net Income to Common Excl. Extra Items	107.46Cr	55Cr	194.85Cr	222.51Cr	80Cr
Per Share Items
Net EPS - Basic	0.07	0.03	0.12	0.13	0.05
Basic EPS - Continuing Operations	0.07	0.03	0.12	0.13	0.05
Basic Weighted Average Shares Outstanding	1.63TCr	1.64TCr	1.65TCr	1.65TCr	1.65TCr
Net EPS - Diluted	0.07	0.03	0.12	0.13	0.05
Diluted EPS - Continuing Operations	0.07	0.03	0.12	0.13	0.05
Diluted Weighted Average Shares Outstanding	1.63TCr	1.64TCr	1.66TCr	1.66TCr	1.66TCr
Normalized Basic EPS	0.05	0.05	0.09	0.1	0.08
Normalized Diluted EPS	0.05	0.05	0.09	0.1	0.08
Dividend Per Share	0.12	0.08	0.09	0.1	0.15
Payout Ratio	265.84	229.89	59.31	71.22	222.18
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	412.96Cr	341.51Cr	334.24Cr	326.92Cr	318.86Cr
EBITA	230.4Cr	151.82Cr	139.75Cr	142.65Cr	143.5Cr
EBIT	195.23Cr	115.77Cr	105.31Cr	111.44Cr	115.37Cr
EBITDAR	415.66Cr	-	336.21Cr	328.39Cr	320.27Cr
Effective Tax Rate - (Ratio)	32.78	25.74	25.25	14.04	16.41
Total Current Taxes	-	-	65Cr	42Cr	31Cr
Total Deferred Taxes	-	-	1.64Cr	-5.41Cr	-15Cr
Normalized Net Income	74Cr	85Cr	148.38Cr	160.21Cr	137.36Cr
Interest Capitalized	-	-	12L	36L	50L
Interest on Long-Term Debt	39Cr	37Cr	40Cr	39Cr	38Cr
Supplemental Operating Expense Items
Net Rental Expense, Total	2.7Cr	-	1.97Cr	1.47Cr	1.41Cr
Imputed Operating Lease Interest Expense	76.98L	-	49.14L	39.57L	40.9L
Imputed Operating Lease Depreciation	1.93Cr	-	1.48Cr	1.07Cr	1Cr
Maintenance & Repair Expenses, Total	39Cr	44Cr	49Cr	48Cr	48Cr
Stock-Based Comp., COGS (Total)	3.9Cr	-	3.7Cr	3.57Cr	3.64Cr
Total Stock-Based Compensation	3.9Cr	-	3.7Cr	3.57Cr	3.64Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	100Cr	75Cr	213.01Cr	166.79Cr	460.52Cr
Short Term Investments	-	-	-	148.65Cr	2.18Cr
Total Cash And Short Term Investments	100Cr	75Cr	213.01Cr	315.44Cr	462.7Cr
Accounts Receivable, Total	438.82Cr	544.37Cr	411.61Cr	392.43Cr	379.89Cr
Other Receivables	63Cr	-	49Cr	52Cr	62Cr
Notes Receivable	-	-	-	-	-
Total Receivables	501.36Cr	544.37Cr	460.28Cr	444.11Cr	441.69Cr
Inventory	28Cr	27Cr	27Cr	35Cr	30Cr
Prepaid Expenses	55Cr	-	64Cr	57Cr	59Cr
Other Current Assets, Total	34Cr	6.22Cr	49Cr	6.94Cr	43Cr
Total Current Assets	717.58Cr	653.22Cr	813.04Cr	858.28Cr	1.04TCr
Gross Property Plant And Equipment	3.42TCr	-	3.99TCr	3.82TCr	3.86TCr
Accumulated Depreciation	-2.18TCr	-	-2.56TCr	-2.48TCr	-2.57TCr
Net Property Plant And Equipment	1.24TCr	1.36TCr	1.43TCr	1.34TCr	1.29TCr
Long-term Investments	1.42TCr	1.37TCr	1.38TCr	1.25TCr	1.34TCr
Goodwill	1.14TCr	1.08TCr	966.07Cr	902.19Cr	641.14Cr
Other Intangibles, Total	230.6Cr	236.19Cr	231.65Cr	196.76Cr	181.56Cr
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	23Cr	30Cr	31Cr	31Cr	60Cr
Deferred Charges Long-Term	32Cr	-	40Cr	36Cr	38Cr
Other Long-Term Assets, Total	84Cr	71Cr	22Cr	39Cr	40Cr
Total Assets	4.9TCr	4.8TCr	4.91TCr	4.65TCr	4.62TCr
Liabilities
Accounts Payable, Total	443.04Cr	597.68Cr	442.24Cr	403.78Cr	410.35Cr
Accrued Expenses, Total	93Cr	-	95Cr	95Cr	103.6Cr
Current Portion of Long-Term Debt	360.22Cr	161.23Cr	107.18Cr	47Cr	2.4Cr
Current Portion of Leases	38Cr	42Cr	54Cr	51Cr	55Cr
Current Income Taxes Payable	20Cr	27Cr	77Cr	73Cr	89Cr
Unearned Revenue Current, Total	85Cr	83Cr	90Cr	86Cr	82Cr
Other Current Liabilities	18Cr	2.95Cr	40Cr	74Cr	23Cr
Total Current Liabilities	1.06TCr	913.68Cr	905.51Cr	829.91Cr	764.94Cr
Long-Term Debt	850.69Cr	904.24Cr	720.43Cr	714.24Cr	872.53Cr
Long-Term Leases	181.81Cr	178.32Cr	305.01Cr	276.82Cr	260.46Cr
Unearned Revenue Non Current	56Cr	52Cr	47Cr	77Cr	85Cr
Deferred Tax Liability Non Current	53Cr	50Cr	50Cr	54Cr	54Cr
Other Non Current Liabilities	15Cr	51Cr	74Cr	99Cr	87Cr
Total Liabilities	2.21TCr	2.15TCr	2.1TCr	2.05TCr	2.12TCr
Common Stock, Total	412.73Cr	457.35Cr	457.31Cr	457.31Cr	457.31Cr
Retained Earnings	2.54TCr	2.43TCr	2.51TCr	2.49TCr	2.38TCr
Treasury Stock	-3.1Cr	-2.25Cr	-2.55Cr	-3.18Cr	-3.23Cr
Comprehensive Income and Other	-275.54Cr	-231.72Cr	-153.04Cr	-340.02Cr	-339.8Cr
Total Common Equity	2.68TCr	2.65TCr	2.81TCr	2.6TCr	2.49TCr
Minority Interest	2.48Cr	2.56Cr	1.66Cr	1.62Cr	3.7Cr
Total Equity	2.68TCr	2.65TCr	2.81TCr	2.6TCr	2.5TCr
Total Liabilities And Equity	4.9TCr	4.8TCr	4.91TCr	4.65TCr	4.62TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.63TCr	1.65TCr	1.65TCr	1.65TCr	1.65TCr
ECS Total Common Shares Outstanding	1.63TCr	1.65TCr	1.65TCr	1.65TCr	1.65TCr
Book Value / Share	1.64	1.6	1.64	1.51	1.45
Tangible Book Value	1.31TCr	1.34TCr	1.61TCr	1.5TCr	1.67TCr
Tangible Book Value Per Share	0.8	0.81	0.92	0.85	0.95
Total Debt	1.43TCr	1.29TCr	1.19TCr	1.09TCr	1.19TCr
Net Debt	1.33TCr	1.21TCr	973.85Cr	773.89Cr	727.26Cr
Debt Equivalent Oper. Leases	22Cr	-	16Cr	12Cr	11Cr
Minority Interest, Total (Incl. Fin. Div)	2.48Cr	2.56Cr	1.66Cr	1.62Cr	3.7Cr
Equity Method Investments, Total	1.37TCr	1.31TCr	1.3TCr	1.18TCr	1.28TCr
Account Code - Inventory Valuation	6	3	6	6	6
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	25Cr	-	23Cr	30Cr	24Cr
Inventories - Others	2.77Cr	-	3.85Cr	4.96Cr	5.99Cr
Land - (BS)	1.97Cr	-	2.28Cr	2Cr	1.98Cr
Buildings, Total	88Cr	-	93Cr	106.82Cr	107.57Cr
Machinery, Total	2.89TCr	-	3.26TCr	3.07TCr	3.14TCr
Full Time Employees	23.08T	22.91T	22.54T	24.07T	-
Accumulated Allowance for Doubtful Accounts (Supple)	31Cr	-	25Cr	21Cr	20Cr
Order Backlog	320Cr	-	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	107.46Cr	55Cr	194.85Cr	222.51Cr	80Cr
Depreciation & Amortization - CF	222.86Cr	232.43Cr	237.81Cr	226.2Cr	216.27Cr
Amortization of Goodwill and Intangible Assets - (CF)	35Cr	36Cr	34Cr	31Cr	28Cr
Depreciation & Amortization, Total	258.03Cr	268.48Cr	272.25Cr	257.41Cr	244.4Cr
(Gain) Loss From Sale Of Asset	-1.11Cr	-58L	-45Cr	4.39Cr	11Cr
(Gain) Loss on Sale of Investments - (CF)	-67Cr	-65Cr	-13L	-132.79Cr	-212.18Cr
Asset Writedown & Restructuring Costs	20Cr	113.59Cr	1.89Cr	106.93Cr	313.86Cr
(Income) Loss On Equity Investments - (CF)	53Cr	-61Cr	-165.28Cr	-182.68Cr	-136.15Cr
Stock-Based Compensation (CF)	-	-	-	-2L	-1L
Other Operating Activities, Total	175.5Cr	190.89Cr	243.78Cr	208.86Cr	163.38Cr
Change In Accounts Receivable	19Cr	54Cr	7.47Cr	-1.64Cr	2.92Cr
Change In Inventories	12Cr	3.76Cr	10L	-10Cr	3.6Cr
Change In Accounts Payable	5.58Cr	83L	19Cr	4.71Cr	1.95Cr
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	581.73Cr	560.9Cr	529.78Cr	477.58Cr	471.8Cr
Capital Expenditure	-203.66Cr	-221.44Cr	-221.71Cr	-216.24Cr	-214.95Cr
Sale of Property, Plant, and Equipment	15Cr	3.13Cr	2.17Cr	19L	2.65Cr
Cash Acquisitions	-42L	-26Cr	-6.04Cr	-56Cr	-1.54Cr
Divestitures	-30L	-	193.29Cr	25Cr	28Cr
Sale (Purchase) of Intangible assets	-35Cr	-21Cr	-28Cr	-12Cr	-21Cr
Investment in Marketable and Equity Securities, Total	-81Cr	-83L	-8Cr	34Cr	228.45Cr
Other Investing Activities, Total	14Cr	3L	3.6Cr	-5.05Cr	3.2Cr
Cash from Investing	-292.08Cr	-266.62Cr	-64Cr	-230.17Cr	25Cr
Long-Term Debt Issued, Total	748.83Cr	673.25Cr	332.21Cr	135.74Cr	308.62Cr
Total Debt Issued	748.83Cr	673.25Cr	332.21Cr	135.74Cr	308.62Cr
Long-Term Debt Repaid, Total	-676.21Cr	-842.53Cr	-603.24Cr	-199.87Cr	-242.41Cr
Total Debt Repaid	-676.21Cr	-842.53Cr	-603.24Cr	-199.87Cr	-242.41Cr
Issuance of Common Stock	-	-	100Cr	-	-
Repurchase of Common Stock	-2.3Cr	-1.57Cr	-2.34Cr	-3.65Cr	-3.27Cr
Common Dividends Paid	-285.67Cr	-127.29Cr	-115.57Cr	-158.47Cr	-176.63Cr
Common & Preferred Stock Dividends Paid	-285.67Cr	-127.29Cr	-115.57Cr	-158.47Cr	-176.63Cr
Special Dividend Paid	-	-	-	-41Cr	-41Cr
Other Financing Activities, Total	-29Cr	-21Cr	-37Cr	-27Cr	-44Cr
Cash from Financing	-244.68Cr	-319Cr	-326.64Cr	-294.12Cr	-199.27Cr
Foreign Exchange Rate Adjustments	3.72Cr	-21L	2.12Cr	-3.74Cr	-2.17Cr
Net Change in Cash	49Cr	-25Cr	140.82Cr	-50Cr	295.09Cr
Supplemental Items
Cash Income Tax Paid (Refund)	49Cr	16Cr	35Cr	35Cr	34Cr
Levered Free Cash Flow	124.38Cr	164Cr	80Cr	123.59Cr	4.24Cr
Unlevered Free Cash Flow	152.19Cr	187.36Cr	103.83Cr	147.3Cr	30Cr
Change In Net Working Capital	-6.9Cr	-89Cr	-12Cr	-45Cr	54Cr
Net Debt Issued / Repaid	73Cr	-169.28Cr	-271.03Cr	-64Cr	66Cr

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.49	1.49	1.36	1.46	1.56
Return on Total Capital	2.99	1.8	1.66	1.81	1.95
Return On Equity %	3.72	2.1	7.17	8.25	3.15
Return on Common Equity	3.8	2.08	7.14	8.23	3.12
Margin Analysis
Gross Profit Margin %	26.54	23.59	23.69	23.97	24.01
SG&A Margin	0.16	-	0.13	0.1	0.1
EBITDA Margin %	24.96	21.83	21.79	22.35	22.57
EBITA Margin %	13.93	9.7	9.11	9.75	10.16
EBIT Margin %	11.8	7.4	6.87	7.62	8.17
Income From Continuing Operations Margin %	6.36	3.58	12.77	15.27	5.69
Net Income Margin %	6.5	3.54	12.7	15.21	5.63
Net Avail. For Common Margin %	6.5	3.54	12.7	15.21	5.63
Normalized Net Income Margin	4.47	5.41	9.67	10.95	9.72
Levered Free Cash Flow Margin	7.52	10.48	5.2	8.45	0.3
Unlevered Free Cash Flow Margin	9.2	11.98	6.77	10.07	2.11
Asset Turnover
Asset Turnover