San Miguel Statements
23
San Miguel Income Statement
B
M
HKD (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
415.84
100
250.99
60.4
164.84
39.6
—
0
123.05
29.6
111.97
26.9
52.879
12.7
-0.168
-0.04
-0.064
-0.02
52.647
12.7
1.922
0.5
48.518
11.7
0.13
373.57
368.18
100
225.03
61.1
143.15
38.9
—
0
125.4
34.1
111.88
30.4
31.262
8.5
-0.53
-0.1
-0.061
-0.02
30.671
8.3
1.863
0.5
27.806
7.6
0.074
373.57
312.98
100
209.05
66.8
103.93
33.2
—
0
113.8
36.4
99.121
31.7
4.811
1.5
-0.43
-0.1
-0.054
-0.02
4.327
1.4
—
0
4.499
1.4
0.012
373.57
329.22
100
196.17
59.6
133.06
40.4
—
0
122.32
37.2
112.01
34
21.043
6.4
-0.398
-0.1
-0.053
-0.02
20.592
6.3
-0.097
-0.03
18.222
5.5
0.049
373.57
266.39
100
156.41
58.7
109.99
41.3
—
0
116.05
43.6
107.48
40.3
2.509
0.9
-1.04
-0.4
-0.05
-0.02
1.419
0.5
—
0
1.142
0.4
0.003
373.57
311.52
100
171.66
55.1
139.85
44.9
—
0
146.09
46.9
126.95
40.8
12.906
4.1
-0.901
-0.3
-0.056
-0.02
11.949
3.8
-1.304
-0.4
14.443
4.6
0.039
373.57
244.14
100
140.6
57.6
103.54
42.4
—
0
113.58
46.5
101.52
41.6
2.014
0.8
-1.352
-0.6
-0.064
-0.03
0.598
0.2
—
0
2.785
1.1
0.007
373.57
313.56
100
175.25
55.9
138.31
44.1
—
0
134.66
42.9
124.72
39.8
13.591
4.3
-1.921
-0.6
-0.059
-0.02
11.611
3.7
-4.99
-1.6
18.162
5.8
0.049
373.57
266.49
100
145.96
54.8
120.53
45.2
—
0
135.62
50.9
126.34
47.4
-5.803
-2.2
-2.419
-0.9
-0.079
-0.03
-8.301
-3.1
—
0
-6.579
-2.5
-0.018
373.57
318.66
100
180.65
56.7
138.02
43.3
—
0
136.42
42.8
120.15
37.7
17.87
5.6
-2.953
-0.9
-0.062
-0.02
-65.145
-20.4
3.228
1
-68.015
-21.3
-0.182
373.57
265.94
100
150.02
56.4
115.92
43.6
—
0
134.35
50.5
118.48
44.6
-2.56
-1
-3.087
-1.2
-0.068
-0.03
-5.715
-2.1
—
0
-5.541
-2.08
-0.015
373.57
309.67
100
169.08
54.6
140.58
45.4
—
0
134.3
43.4
120
38.8
20.582
6.6
-3.04
-1
-0.046
-0.01
17.496
5.6
-0.819
-0.3
17.022
5.5
0.046
373.57
256.12
100
145.13
56.7
110.99
43.3
—
0
128.06
50
110.88
43.3
0.11
0.04
-3.141
-1.2
-0.065
-0.03
-3.096
-1.2
—
0
-4.542
-1.8
-0.012
373.57
281.9
100
152.8
54.2
129.1
45.8
—
0
137.7
48.8
119.2
42.3
9.9
3.5
-2.9
-1.03
-0.1
-0.04
7
2.5
-0.8
-0.3
9.3
3.3
0.02
373.6
259.5
100
150.4
58
109.2
42.1
—
0
123.5
47.6
107.5
41.4
1.6
0.6
-2.6
-1.002
-0.1
-0.04
-1.1
-0.4
—
0
-0.6
-0.2
—
373.6
297.2
100
171.5
57.7
125.8
42.3
—
0
141.5
47.6
125.6
42.3
0.1
0.03
-2.3
-0.8
-0.1
-0.03
-2.2
-0.7
0.9
0.3
-1.4
-0.5
—
373.6
272.3
100
160.4
58.9
111.9
41.1
—
0
139.5
51.2
123.6
45.4
-11.7
-4.3
-2.1
-0.8
-0.1
-0.04
-13.9
-5.1
—
0
-14.6
-5.4
-0.04
373.6
373
100
212.8
57.1
160.1
42.9
—
0
169.1
45.3
143.8
38.6
16.3
4.4
-2.1
-0.6
-0.1
-0.03
14.1
3.8
0.2
0.05
13.8
3.7
0.04
373.6
355.7
100
204.1
57.4
151.6
42.6
—
0
146.1
41.1
126.3
35.5
25.3
7.1
-2.1
-0.6
-0.1
-0.03
23.1
6.5
—
0
21.5
6
0.06
373.6
362
100
206.8
57.1
155.2
42.9
—
0
156.9
43.3
129.3
35.7
25.9
7.2
-2.4
-0.7
-0.6
-0.2
22.9
6.3
-3.6
-1
24.4
6.7
0.07
373.6
325.1
100
190
58.4
135.1
41.6
—
0
138.7
42.7
132.3
40.7
2.8
0.9
-3.1
-1
-0.3
-0.09
-0.6
-0.2
—
0
1.7
0.5
—
373.6
355.2
100
207.6
58.4
147.6
41.6
—
0
201.3
56.7
166
46.7
-18.4
-5.2
-3.4
-1
-0.4
-0.1
247.7
69.7
3
0.8
249.5
70.2
0.67
373.6
331.1
100
184.9
55.8
146.3
44.2
—
0
156.6
47.3
154.3
46.6
-8.1
-2.4
-9.4
-2.8
-0.3
-0.09
-17.7
-5.3
—
0
-11.9
-3.6
-0.03
373.6
378.7
100
219.3
57.9
159.4
42.1
—
0
189.3
50
181.7
48
-22.3
-5.9
-10.6
-2.8
-0.6
-0.2
-39.1
-10.3
-0.5
-0.1
-28.9
-7.6
-0.08
373.6
305.2
100
167.8
55
137.4
45
—
0
161.5
52.9
157.9
51.7
-20.6
-6.7
-7.9
-2.6
-1.5
-0.5
-30
-9.8
0.1
0.03
-24.6
-8.06
-0.07
373.6
301.2
100
173.7
57.7
127.5
42.3
—
0
188.5
62.6
181.5
60.3
-54
-17.9
-5.7
-1.9
-0.7
-0.2
-744.7
-247.2
-8.5
-2.8
-703.8
-233.7
-1.88
373.6
288.1
100
160
55.5
128.1
44.5
—
0
160.1
55.6
160.4
55.7
-32.3
-11.2
-4.8
-1.7
-0.6
-0.2
-37.8
-13.1
—
0
-33.1
-11.5
-0.09
373.6
369.7
100
162.8
44
206.9
56
—
0
193.7
52.4
212.8
57.6
-5.8
-1.6
-4.9
-1.3
-2
-0.5
-315
-85.2
-3.8
-1.03
-305.5
-82.6
-0.82
373.6
327.1
100
172.2
52.6
154.9
47.4
—
0
179.3
54.8
178.6
54.6
-23.8
-7.3
-6
-1.8
-0.6
-0.2
-30.4
-9.3
1.5
0.5
-29.3
-9
-0.08
373.6
393.5
100
144.6
36.7
248.9
63.3
—
0
206.9
52.6
241.1
61.3
7.8
2
-7.1
-1.8
-0.4
-0.1
-291.7
-74.1
-59.9
-15.2
-234.3
-59.5
-0.63
373.6
359.9
100
181.5
50.4
178.4
49.6
—
0
196.6
54.6
192.7
53.5
-14.3
-4
-7.6
-2.1
-0.5
-0.1
-22.5
-6.3
1.7
0.5
-23.5
-6.5
-0.06
373.6
396.4
100
178.7
45.1
217.8
54.9
—
0
215.1
54.3
219.7
55.4
-1.9
-0.5
-5.2
-1.3
-0.1
-0.03
-317.4
-80.07
-60
-15.1
-258.7
-65.3
-0.69
373.6
358.4
100
175.3
48.9
183.1
51.1
—
0
173.3
48.4
176.9
49.4
6.2
1.7
-4.5
-1.3
-0.1
-0.03
1.6
0.4
4.5
1.3
-3.7
-1.03
-0.01
373.6
454.7
100
236.1
51.9
218.6
48.1
—
0
210.7
46.3
214.3
47.1
4.2
0.9
-4.5
-1
0.1
0.02
-85.5
-18.8
-10
-2.2
-47.6
-10.5
-0.13
373.6
372.1
100
208.2
56
163.9
44
—
0
180.5
48.5
179.7
48.3
-15.8
-4.2
-3.6
-1
-0.1
-0.03
-27.4
-7.4
3.4
0.9
-22.6
-6.07
-0.06
373.6
365.9
100
241.3
65.9
124.6
34.1
—
0
180.3
49.3
99
27.1
25.6
7
-3.3
-0.9
—
0
-41
-11.2
6.8
1.9
-22.6
-6.2
-0.06
373.6
441
100
275.3
62.4
165.7
37.6
—
0
178
40.4
184.8
41.9
-19.1
-4.3
-2.9
-0.7
6
1.4
-17.3
-3.9
0.3
0.07
-12.4
-2.8
-0.03
373.6
506.3
100
308.2
60.9
198.1
39.1
—
0
158
31.2
172.8
34.1
25.3
5
-1.7
-0.3
-4.6
-0.9
19
3.8
0.8
0.2
15.1
3
0.04
373.6
432
100
264.4
61.2
167.6
38.8
—
0
174.8
40.5
180.6
41.8
-13
-3.009
-1.1
-0.3
10.9
2.5
-3.1
-0.7
2.2
0.5
-3.5
-0.8
-0.01
373.6
459.4
100
287.1
62.5
172.3
37.5
—
0
150.3
32.7
159.5
34.7
12.8
2.8
-2.1
-0.5
3.5
0.8
14.2
3.1
12.9
2.8
2.8
0.6
0.01
373.6