TKC FY 2014 Earnings Report — Turkcell Iletisim Hizmetleri A.S. Revenue & Financial Results | Market Cap Arena

Turkcell Iletisim Hizmetleri A.S.TKC

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$285M	—	$282M	—	1.1%
Op. Income	$76M	—	$73M	—	4.2%
Gross Margin	38.8%	—	38.2%	—	0.6pp
Net Margin	12.2%	—	20.6%	—	-8.4pp
EPS (Diluted)	$0.04	—	$0.07	—	-40.1%
Free Cash Flow	-$12M	—	$7M	—	-269.4%

Revenue Flow

Item	Amount
REVENUE	$285M
Cost of Revenue	$175M
GROSS PROFIT	$111M
R&D Expenses	$0
Selling & Marketing	$47M
General & Administrative	$13M
SG&A Expenses	$60M
Other Expenses	$0
Operating Expenses	$60M
Cost & Expenses	$235M
OPERATING INCOME	$76M
Interest Income	$23M
Interest Expense	$3M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$52M
Income Tax Expense	$17M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$5M
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$39M
EBIT	$47M
EBITDA	$83M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$285M
Cost of Revenue	$175M
GROSS PROFIT	$111M
R&D Expenses	$0
Selling & Marketing	$47M
General & Administrative	$13M
SG&A Expenses	$60M
Other Expenses	$0
Operating Expenses	$60M
Cost & Expenses	$235M
OPERATING INCOME	$76M
Interest Income	$23M
Interest Expense	$3M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$52M
Income Tax Expense	$17M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$5M
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$39M
EBIT	$47M
EBITDA	$83M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$39M
Stock-Based Compensation	$0
Deferred Income Tax	$17M
Other Non-Cash Items	-$22M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$53M
Acquisitions (Net)	-$645.6K
Purchases of Investments	-$776
Sales/Maturities of Investments	$1M
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$181.8K
Other Financing Activities	-$1.7K
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	-$12M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$202M
Short-Term Investments	$431.9K
Net Receivables	$84M
Inventory	$2M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$297M
PP&E (Net)	$137M
Goodwill	$732.9K
Intangible Assets	$54M
Long-Term Investments	$15M
Tax Assets	$1M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$232M
TOTAL ASSETS	$529M
Account Payables	$26M
Short-Term Debt	$54M
Deferred Revenue	$4M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$111M
Long-Term Debt	$27M
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$44M
TOTAL LIABILITIES	$156M
Common Stock	$85M
Additional Paid-In Capital	$785.3K
Retained Earnings	$481M
Treasury Stock	$0
Accum. Other Comp. Income	-$186M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$382M
Minority Interest	-$9M
TOTAL EQUITY	$373M
TOTAL LIABILITIES & EQUITY	$529M
Total Debt	$83M
Net Debt	-$119M