Income Statement | | | | | | | | | | | |
| | | | | | | No Change from Original | | | | |
TRY | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 12,052 | 12,465 | 44,052 | 66,658 | 83,229 | | 83,229 | | 66,658 | 83,229 | |
% Growth | NA | 3.4% | 253.4% | 51.3% | 24.9% | | | | | 24.9% | |
| | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Selling and Marketing | (270) | (501) | (1,244) | (1,866) | (2,039) | | (2,039) | | (1,866) | (2,039) | |
General and Admin | (3,888) | (4,788) | (9,076) | (20,797) | (32,486) | | (32,486) | | (20,797) | (32,486) | |
Other Exp / (Inc) | (4,388) | (5,293) | (9,066) | (28,667) | (29,663) | | (29,663) | | (28,667) | (29,663) | |
Total Operating Exp | (8,546) | (10,582) | (19,387) | (51,331) | (64,188) | | (64,188) | | (51,331) | (64,188) | |
| | | | | | | | | | | |
Operating Income | 3,506 | 1,883 | 24,665 | 15,327 | 19,040 | | 19,040 | | 15,327 | 19,040 | |
% Revenue | 29.1% | 15.1% | 56.0% | 23.0% | 22.9% | | 22.9% | | 23.0% | 22.9% | |
| | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Pre-tax Income | 3,506 | 1,883 | 24,665 | 15,327 | 19,040 | | 19,040 | | 15,327 | 19,040 | |
Earnings of Discontinued Ops. | 939 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (753) | (38) | (5,685) | 2,426 | 4,187 | | 4,187 | | 2,426 | 4,187 | |
Net Income to Company | 3,692 | 1,844 | 18,981 | 17,753 | 23,227 | | 23,227 | | 17,753 | 23,227 | |
% Margin | 30.6% | 14.8% | 43.1% | 26.6% | 27.9% | | 27.9% | | 26.6% | 27.9% | |
| | | | | | | | | | | |
Minority Interest in Earnings | (7) | (8) | (624) | (922) | (1,189) | | (1,189) | | (922) | (1,189) | |
Net Income to Stockholders | 3,685 | 1,836 | 18,356 | 16,831 | 22,038 | | 22,038 | | 16,831 | 22,038 | |
| | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Other Adj. | (939) | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | 2,746 | 1,836 | 18,356 | 16,831 | 22,038 | | 22,038 | | 16,831 | 22,038 | |
% Margin | 22.8% | 14.7% | 41.7% | 25.2% | 26.5% | | 26.5% | | 25.2% | 26.5% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 1.37 | 0.74 | 4.10 | 2.53 | 3.07 | | 3.07 | | 2.53 | 3.07 | |
Diluted EPS (Continuing Ops) | 1.37 | 0.74 | 4.10 | 2.53 | 3.07 | | 3.07 | | 2.53 | 3.07 | |
| | | | | | | | | | | |
WA Basic Shares Out. | 1,999 | 2,474 | 4,477 | 6,645 | 7,185 | | 7,185 | | 6,645 | 7,185 | |
WA Diluted Shares Out. | 1,999 | 2,474 | 4,477 | 6,645 | 7,185 | | 7,185 | | 6,645 | 7,185 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (25) | (36) | (110) | (210) | (352) | | (352) | | (210) | (352) | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Asset Writedown | 6 | 3 | 9 | 26 | 54 | | 54 | | 26 | 54 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Total Unusual Items | (19) | (33) | (101) | (185) | (298) | | (298) | | (185) | (298) | |
% Margin | -0.2% | -0.3% | -0.2% | -0.3% | -0.4% | | -0.4% | | -0.3% | -0.4% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 3,692 | 1,844 | 18,981 | 17,753 | 23,227 | | 23,227 | | 17,753 | 23,227 | |
Addback: Unusual Items | 6 | 3 | 9 | 26 | 54 | | 54 | | 26 | 54 | |
Less: Tax Benefit of Unusual Items (26%) | (2) | (1) | (2) | (7) | (14) | | (14) | | (7) | (14) | |
Adjusted Net Income | 3,696 | 1,847 | 18,987 | 17,772 | 23,267 | | 23,267 | | 17,772 | 23,267 | |
% Margin | 30.7% | 14.8% | 43.1% | 26.7% | 28.0% | | 28.0% | | 26.7% | 28.0% | |
| | | | | | | | | | | |
Adjusted Basic EPS | 1.85 | 0.75 | 4.24 | 2.67 | 3.24 | | 3.24 | | 2.67 | 3.24 | |