Provide horizontal and vertical analysis. Explain and discuss. 2020-219 financial statements
Fiscal year is January-December. All values PHP Millions. 2020 2019 Sales/Revenue 14,117 15,210 Sales Growth -7.19% 23.24% Cost of Goods Sold (COGS) incl. D&A 10,853 11,463 COGS excluding D&A 9,431 10,104 Depreciation & Amortization Expense 1,423 1,358 Depreciation 1,322 1,242 Amortization of Intangibles 101 116 COGS Growth -5.32% 32.20% Gross Income 3,264 3,747Other Uses Other Sources Jet Financing Cash Flow Net Financing Cash Flow Growth Net Financing Cash Flow/Sales Exchange Rate Effect Jet Change in Cash -'ree Cash Flow Free Cash Flow Growth Free Cash Flow Yield (7) (132) 80.98% -0.94% (128) 827 1,162 35.78% 3.93% 43 (696) -69.98% 4.58% (41) 281 856 0.65% Gross Income 3,264 3,747 Gross Income Growth -12.90% 2.09% Gross Profit Margin 23.12% SG&A Expense 2,234 2,232 Other SG&A 2,234 2,232 SGA Growth 0.08% 3.38% Other Operating Expense 209 207 EBIT 821 Unusual Expense 23 648 Non Operating Income/Expense 4 489 Non-Operating Interest Income 22 47Non-Operating Interest Income 22 47 Interest Expense 441 386 Interest Expense Growth 14.05% 72.58% Gross Interest Expense 441 386 Pretax Income 383 810 Pretax Income Growth -52.75% -55.16% Pretax Margin 2.71% Income Tax 186 360 Income Tax - Current Domestic 203 384 Income Tax - Deferred Domestic (16) (24) Equity in Affiliates 5 26Equity in Affiliates 5 26 Consolidated Net Income 201 476 Minority Interest Expense (19) Net Income 200 495 Net Income Growth -59.50% -63.63% Net Margin 1.42% Net Income After Extraordinaries 200 495 Net Income Available to Common 200 495 EPS (Basic) 0.14 0.35 EPS (Basic) Growth -59.50% -63.62% Basic Shares Outstanding 1,426 1,426 EPS (Diluted) 0.14 0.35EPS (Basic) 0.14 0.35 EPS (Basic) Growth -59.50% -63.62% Basic Shares Outstanding 1,426 1,426 EPS (Diluted) 0.14 0.35 EPS (Diluted) Growth -59.50% -48.77% Diluted Shares Outstanding 1,426 1,426 EBITDA 2,243 2,666 EBITDA Growth -15.85% 50.37% EBITDA Margin 15.89% EBIT 821Operating Activities Fiscal year is January-December. All values PHP Millions. 2020 2019 Net Income before Extraordinaries 388 836 Net Income Growth -53.62% -53.99% Depreciation, Depletion & Amortization 1,395 1,358 Depreciation and Depletion 1,242 Amortization of Intangible Assets 116 Other Funds 114 (171) Funds from Operations 1,896 2,023 Changes in Working Capital (319) (102) Receivables (455) (1,075)Other Assetstia bilities Net Operating Cash Flow Net Operating Cash Flow Growth Net Operating Cash Flow / Sales ' Investing Activities Ah vls PH. PMlmonS .. .. .. .. .. .. .. Capital Expenditures Capital Expenditures (Fixed Assets) Capital Expenditures (Other Assets) Capital Expenditures Growth Capital Expenditures / Sales Net Assets from Acquisitions 376 1,577 -1 7.91% 11.17% 2020 (475) (415) (60) 59.83% -3.37 96 (391) 1,921 23.57% 12.63% 2019 (1 ,183) (1,065) (1 18) -67.99% -7.78% (362) Purchase oflnvestments Sale/Maturity of Investments Other Uses Other Sources Net Investing Cash Flow Net Investing Cash Flow Growth Net Investing Cash Flow/ Sales ' Financing Activities All values PHP Millions. Cash Dividends Paid - Total Common Dividends Issuance/Reduction of Debt, Net (1) (16) (489) 45.80% 3.46% 2020 (294) (294) 950 (171) 281 (54) (903) 0.88% 5.93% 2019 (134) (134) 100 Issuance/Reduction of Debt, Net 950 100 Change in Long-Term Debt Issuance of Long-Term Debt - Reduction in Long-Term Debt - Other Funds (7) 43 Other Uses (7) Other Sources 43 Net Financing Cash Flow (132) (696) Net Financing Cash Flow Growth 80.98% -69.98% Net Financing Cash Flow / Sales -0.94% -4.58% Exchange Rate Effect (128) (41) Net Change in Cash 827 281 orc
