KT FY 2023 Earnings Report — KT Corporation Revenue & Financial Results | Market Cap Arena

KT CorporationKT

FY 2023 Earnings

Reported April 30, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$15.9B	—	$15.3B	—	4.4%
Op. Income	$977M	—	$1000M	—	-2.2%
Gross Margin	25.1%	—	23.2%	—	1.9pp
Net Margin	4.2%	—	5.4%	—	-1.3pp
EPS (Diluted)	$1.36	—	$1.75	—	-22.3%
Free Cash Flow	$898M	—	-$263M	—	441.1%

Revenue Flow

Item	Amount
REVENUE	$15.9B
Cost of Revenue	$11.9B
GROSS PROFIT	$4.0B
R&D Expenses	$122M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$167M
Operating Expenses	$3.0B
Cost & Expenses	$14.9B
OPERATING INCOME	$977M
Interest Income	$144.4K
Interest Expense	$185.3K
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$866M
Income Tax Expense	$220M
Net Income from Continuing Ops	$647M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1
NET INCOME	$661M
Net Income Deductions	$550.0K
BOTTOM LINE NET INCOME	$660M
D&A	$2.5B
EBIT	$977M
EBITDA	$3.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$15.9B
Cost of Revenue	$11.9B
GROSS PROFIT	$4.0B
R&D Expenses	$122M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$167M
Operating Expenses	$3.0B
Cost & Expenses	$14.9B
OPERATING INCOME	$977M
Interest Income	$144.4K
Interest Expense	$185.3K
Other Income/Expenses	-$111M
INCOME BEFORE TAX	$866M
Income Tax Expense	$220M
Net Income from Continuing Ops	$647M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1
NET INCOME	$661M
Net Income Deductions	$550.0K
BOTTOM LINE NET INCOME	$660M
D&A	$2.5B
EBIT	$977M
EBITDA	$3.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$656M
Depreciation & Amortization	$2.6B
Stock-Based Compensation	$10M
Deferred Income Tax	$226M
Other Non-Cash Items	$143M
Change in Working Capital	$67M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$2.8B
Acquisitions (Net)	-$70M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$87M
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	-$203M
Common Stock Repurchased	-$203M
Common Dividends Paid	-$356M
Other Financing Activities	$456M
NET CASH FROM FINANCING	-$306M
FREE CASH FLOW	$898M
Net Change in Cash	$291M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$937M
Net Receivables	$4.8B
Inventory	$667M
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$9.8B
PP&E (Net)	$10.9B
Goodwill	$330M
Intangible Assets	$1.4B
Long-Term Investments	$5.3B
Tax Assets	$415M
Other Non-Current Assets	$667M
TOTAL NON-CURRENT ASSETS	$19.0B
TOTAL ASSETS	$28.9B
Account Payables	$876M
Short-Term Debt	$2.3B
Deferred Revenue	$35M
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$8.9B
Long-Term Debt	$4.8B
Deferred Revenue NC	$104M
Deferred Tax Liabilities	$671M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$16.4B
Common Stock	$1.1B
Additional Paid-In Capital	$974M
Retained Earnings	$6.1B
Treasury Stock	-$269M
Accum. Other Comp. Income	$3.4B
Other Equity	$1
TOTAL STOCKHOLDERS' EQUITY	$11.3B
Minority Interest	$1.2B
TOTAL EQUITY	$12.5B
TOTAL LIABILITIES & EQUITY	$28.9B
Total Debt	$7.7B
Net Debt	$5.7B