SKM FY 2021 Earnings Report — SK Telecom Co.,Ltd Revenue & Financial Results | Market Cap Arena

SK Telecom Co.,LtdSKM

FY 2021 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$11.3B	—	$10.9B	—	4.1%
Op. Income	$967M	—	$699M	—	38.4%
Gross Margin	86.7%	—	86.5%	—	0.2pp
Net Margin	14.4%	—	9.4%	—	5.0pp
EPS (Diluted)	$2.15	—	$1.14	—	88.0%
Free Cash Flow	$1.2B	—	$1.4B	—	-19.3%

Revenue Flow

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$9.8B
R&D Expenses	$235M
Selling & Marketing	$158M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$6.8B
Operating Expenses	$8.8B
Cost & Expenses	$10.3B
OPERATING INCOME	$967M
Interest Income	$26M
Interest Expense	$196M
Other Income/Expenses	$193M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$302M
Net Income from Continuing Ops	$858M
Net Income from Discontinued Ops	$775M
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$2.8B
EBIT	$1.3B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$9.8B
R&D Expenses	$235M
Selling & Marketing	$158M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$6.8B
Operating Expenses	$8.8B
Cost & Expenses	$10.3B
OPERATING INCOME	$967M
Interest Income	$26M
Interest Expense	$196M
Other Income/Expenses	$193M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$302M
Net Income from Continuing Ops	$858M
Net Income from Discontinued Ops	$775M
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$2.8B
EBIT	$1.3B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$2.8B
Stock-Based Compensation	$62M
Deferred Income Tax	$440M
Other Non-Cash Items	-$1.2B
Change in Working Capital	-$306M
OPERATING CASH FLOW	$3.4B
Capital Expenditure	-$2.2B
Acquisitions (Net)	-$155M
Purchases of Investments	-$193M
Sales/Maturities of Investments	$186M
Other Investing Activities	$43M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	-$548M
Common Stock Repurchased	-$51M
Common Dividends Paid	-$694M
Other Financing Activities	-$93M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$335M

Balance Sheet

Item	Amount
Cash & Equivalents	$589M
Short-Term Investments	$347M
Net Receivables	$1.8B
Inventory	$138M
Other Current Assets	$95M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$8.7B
Goodwill	$1.4B
Intangible Assets	$2.6B
Long-Term Investments	$2.6B
Tax Assets	$86.4K
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$16.6B
TOTAL ASSETS	$20.9B
Account Payables	$129M
Short-Term Debt	$974M
Deferred Revenue	$112M
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$5.0B
Deferred Revenue NC	$25M
Deferred Tax Liabilities	$635M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$7.8B
TOTAL LIABILITIES	$12.5B
Common Stock	$21M
Additional Paid-In Capital	$1.2B
Retained Earnings	$15.1B
Treasury Stock	-$39M
Accum. Other Comp. Income	$496M
Other Equity	-$9.0B
TOTAL STOCKHOLDERS' EQUITY	$7.8B
Minority Interest	$510M
TOTAL EQUITY	$8.3B
TOTAL LIABILITIES & EQUITY	$20.9B
Total Debt	$7.0B
Net Debt	$6.4B