TKC FY 2020 Earnings Report — Turkcell Iletisim Hizmetleri A.S. Revenue & Financial Results | Market Cap Arena

Turkcell Iletisim Hizmetleri A.S.TKC

FY 2020 Earnings

Reported April 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.5B	—	$559M	—	176.5%
Op. Income	$200M	—	$112M	—	78.7%
Gross Margin	23.6%	—	32.0%	—	-8.5pp
Net Margin	6.5%	—	12.9%	—	-6.4pp
EPS (Diluted)	$0.11	—	$0.06	—	78.4%
Free Cash Flow	$94M	—	$67M	—	40.4%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$365M
R&D Expenses	$0
Selling & Marketing	$39M
General & Administrative	$72M
SG&A Expenses	$111M
Other Expenses	$54M
Operating Expenses	$165M
Cost & Expenses	$1.3B
OPERATING INCOME	$200M
Interest Income	$1M
Interest Expense	$3M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$121M
Income Tax Expense	$20M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$417M
EBIT	$167M
EBITDA	$584M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$365M
R&D Expenses	$0
Selling & Marketing	$39M
General & Administrative	$72M
SG&A Expenses	$111M
Other Expenses	$54M
Operating Expenses	$165M
Cost & Expenses	$1.3B
OPERATING INCOME	$200M
Interest Income	$1M
Interest Expense	$3M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$121M
Income Tax Expense	$20M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$417M
EBIT	$167M
EBITDA	$584M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$100M
Depreciation & Amortization	$417M
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	-$122M
Change in Working Capital	$52M
OPERATING CASH FLOW	$467M
Capital Expenditure	-$373M
Acquisitions (Net)	-$4M
Purchases of Investments	-$52M
Sales/Maturities of Investments	$51M
Other Investing Activities	-$106M
NET CASH FROM INVESTING	-$324M
Net Debt Issuance	-$248M
Common Stock Repurchased	-$556.9K
Common Dividends Paid	-$41M
Other Financing Activities	$68M
NET CASH FROM FINANCING	-$221M
FREE CASH FLOW	$94M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$2M
Net Receivables	$20M
Inventory	$609.8K
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$62M
PP&E (Net)	$50M
Goodwill	$119.8K
Intangible Assets	$37M
Long-Term Investments	$2M
Tax Assets	$7M
Other Non-Current Assets	$512.8K
TOTAL NON-CURRENT ASSETS	$97M
TOTAL ASSETS	$158M
Account Payables	$11M
Short-Term Debt	$16M
Deferred Revenue	$1M
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$35M
Long-Term Debt	$44M
Deferred Revenue NC	$559.6K
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$96M
Common Stock	$7M
Additional Paid-In Capital	$105.7K
Retained Earnings	$49M
Treasury Stock	-$442.8K
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$62M
Minority Interest	$512
TOTAL EQUITY	$62M
TOTAL LIABILITIES & EQUITY	$158M
Total Debt	$65M
Net Debt	$29M