TKC FY 2022 Earnings Report — Turkcell Iletisim Hizmetleri A.S. Revenue & Financial Results | Market Cap Arena

Turkcell Iletisim Hizmetleri A.S.TKC

FY 2022 Earnings

Reported April 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.0B	—	—	—	—
Op. Income	$95M	—	—	—	—
Gross Margin	12.6%	—	—	—	—
Net Margin	7.4%	—	—	—	—
EPS (Diluted)	$0.28	—	—	—	—
Free Cash Flow	$450M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.6B
GROSS PROFIT	$379M
R&D Expenses	$0
Selling & Marketing	$80M
General & Administrative	$148M
SG&A Expenses	$228M
Other Expenses	$57M
Operating Expenses	$284M
Cost & Expenses	$2.9B
OPERATING INCOME	$95M
Interest Income	$68M
Interest Expense	$137M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$104M
Income Tax Expense	-$89M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$27M
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$1.1B
EBIT	$242M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.6B
GROSS PROFIT	$379M
R&D Expenses	$0
Selling & Marketing	$80M
General & Administrative	$148M
SG&A Expenses	$228M
Other Expenses	$57M
Operating Expenses	$284M
Cost & Expenses	$2.9B
OPERATING INCOME	$95M
Interest Income	$68M
Interest Expense	$137M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$104M
Income Tax Expense	-$89M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$27M
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$1.1B
EBIT	$242M
EBITDA	$1.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$221M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	-$85M
Other Non-Cash Items	$176M
Change in Working Capital	-$84M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$908M
Acquisitions (Net)	-$33M
Purchases of Investments	-$312M
Sales/Maturities of Investments	$69M
Other Investing Activities	-$193M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$186M
Common Stock Repurchased	$0
Common Dividends Paid	-$77M
Other Financing Activities	$0
NET CASH FROM FINANCING	$109M
FREE CASH FLOW	$450M
Net Change in Cash	-$246M

Balance Sheet

Item	Amount
Cash & Equivalents	$952M
Short-Term Investments	$175M
Net Receivables	$463M
Inventory	$11M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.8B
Goodwill	$9M
Intangible Assets	$1.4B
Long-Term Investments	$162M
Tax Assets	$61M
Other Non-Current Assets	$55M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$5.2B
Account Payables	$253M
Short-Term Debt	$581M
Deferred Revenue	$36M
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.3B
Deferred Revenue NC	$28M
Deferred Tax Liabilities	$200M
Other Non-Current Liabilities	$127M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.8B
Common Stock	$719M
Additional Paid-In Capital	$170.9K
Retained Earnings	$1.7B
Treasury Stock	-$16M
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$142.9K
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$2.0B
Net Debt	$1.0B