← PLDT Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Other Adjustments To Reconcile Profit Loss | ($400.0m) | ($2.4b) | ($1.1b) | $696.0m | ($3.1b) | ($2.3b) | ($3.6b) | ($1.0b) | ($631.0m) | — | |
| Income before income tax and noncontrolling interest from continuing operations | — | — | — | — | — | $34.3b | $14.0b | $36.5b | $42.7b | $37.7b | |
| Loss before income tax and noncontrolling interest from discontinued operations (Note 2) | — | — | — | — | — | ($102.0m) | ($523.0m) | ($41.0m) | — | — | |
| Depreciation and amortization (Notes 9, 10, 14 and 18) | $34.5b | $51.9b | $47.2b | $39.7b | $47.5b | $52.2b | $98.7b | $58.5b | $56.0b | $59.5b | |
| Asset impairment (Note 5) | $11.0b | $8.3b | $8.1b | $4.8b | $7.6b | $5.0b | $6.1b | $4.4b | $4.3b | $4.0b | |
| Impairment of investments (Note 11) | $5.5b | $2.6b | $172.0m | $34.0m | $60.0m | $60.0m | $50.0m | $70.0m | — | — | |
| Operating income before changes in assets and liabilities | $73.4b | $74.5b | $72.7b | $88.2b | $97.8b | $106.9b | $101.4b | $105.7b | $115.1b | $119.3b | |
| Additional Financial Items | |||||||||||
| Adjustments For Finance Costs | $7.0b | $7.0b | $6.8b | $7.3b | $8.7b | $8.9b | $9.1b | $10.0b | $11.0b | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | $7.4b | $6.5b | $144.0m | — | — | — | — | — | — | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $1.4b | $4.6b | $7.7b | $18.8b | ($2.8b) | $29.4b | ($18.3b) | ($21.3b) | ($27.8b) | — | |
| Goodwill | $61.4b | $61.4b | $61.4b | $61.4b | $61.4b | $61.4b | $62.9b | $62.9b | $62.9b | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $5.4b | $5.8b | $6.5b | $8.3b | $10.7b | $12.1b | — | |
| Proceeds From Borrowings Classified As Financing Activities | $40.6b | $26.3b | $20.5b | $37.5b | $61.3b | $51.5b | $5.0b | $38.0b | $37.0b | — | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | $2.5b | $1.0b | — | — | — | — | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $159.0m | $137.0m | $21.0m | — | — | — | — | — | $29.0m | — | |
| Repayments Of Borrowings Classified As Financing Activities | $19.6b | $39.2b | $18.7b | $20.5b | $28.4b | $22.6b | $22.4b | $22.6b | $12.1b | — | |
| Income before income tax | $22.1b | $14.6b | $22.8b | $32.3b | $33.0b | $34.2b | $13.5b | $36.4b | $42.7b | $37.7b | |
| Interest on loans and other related items – net (Note 5) | $7.0b | $7.0b | $6.8b | $7.3b | $8.7b | $8.9b | $9.1b | $10.0b | $11.0b | $13.2b | |
| Accretion on lease liabilities (Notes 2, 5 and 10) | — | — | — | $1.1b | $1.1b | $1.2b | $2.1b | $3.3b | $3.9b | $4.6b | |
| Pension benefit costs (Notes 5 and 25) | $1.8b | $1.6b | $1.9b | $1.0b | $2.2b | $2.2b | $1.7b | $1.4b | $1.4b | $1.4b | |
| Foreign exchange losses (gains) - net (Note 5 and 27) | — | — | $771.0m | ($424.0m) | ($1.5b) | $3.9b | $4.7b | ($1.2b) | $36.0m | $550.0m | |
| Equity share in net losses of associates and joint ventures (Notes 5 and 11) | ($1.2b) | ($2.9b) | $87.0m | $1.5b | $2.3b | $1.1b | $3.3b | $2.8b | $990.0m | $428.0m | |
| Accretion on financial liabilities (Notes 5 and 20) | $230.0m | $219.0m | $145.0m | $122.0m | $146.0m | $239.0m | $375.0m | $409.0m | $455.0m | $372.0m | |
| Losses (Gains) on derivative financial instruments - net (Notes 5 and 27) | ($996.0m) | ($533.0m) | ($1.1b) | $284.0m | $378.0m | ($1.4b) | ($2.3b) | ($1.2b) | ($4.0b) | $41.0m | |
| Incentive plan (Notes 5 and 25) | — | $827.0m | $208.0m | $638.0m | $1.1b | $1.2b | $1.3b | $839.0m | $1.1b | — | |
| Income from prescription of preferred shares redemption liability (Notes 19) | — | — | — | — | — | — | ($7.8b) | — | ($71.0m) | — | |
| Interest income (Note 5) | ($1.0b) | ($1.4b) | ($1.9b) | ($1.7b) | ($1.2b) | ($656.0m) | ($653.0m) | ($1.0b) | ($916.0m) | ($719.0m) | |
| Gains on dilution of shares (Note 11) | — | — | — | — | ($394.0m) | ($826.0m) | ($660.0m) | — | — | — | |
| Gain on sale and leaseback of telecom towers (Notes 5 and 9) | — | — | — | — | — | — | ($24.6b) | ($7.8b) | ($1.4b) | ($887.0m) | |
| Others | ($400.0m) | ($2.4b) | ($1.1b) | $696.0m | ($3.5b) | ($2.3b) | ($3.6b) | ($1.0b) | ($631.0m) | ($781.0m) | |
| Prepayments | ($5.6b) | ($212.0m) | $969.0m | ($28.9b) | ($18.9b) | ($34.0b) | $12.2b | $10.3b | $21.0b | $5.7b | |
| Inventories and supplies | ($917.0m) | ($542.0m) | $26.0m | $12.0m | ($1.0b) | $57.0m | $850.0m | $1.6b | $31.0m | $1.7b | |
| Contract assets | — | — | $390.0m | $337.0m | $160.0m | ($38.0m) | ($209.0m) | $101.0m | ($139.0m) | $265.0m | |
| Trade and other receivables | ($7.1b) | ($10.7b) | ($12.2b) | ($1.6b) | ($585.0m) | ($3.7b) | ($8.4b) | $952.0m | ($9.1b) | ($2.1b) | |
| Other financial and non-financial assets | — | — | — | ($198.0m) | $324.0m | ($120.0m) | $208.0m | $156.0m | ($1.8b) | $279.0m | |
| Customers deposits | $1.0m | $13.0m | ($250.0m) | $12.0m | $166.0m | ($101.0m) | $44.0m | ($75.0m) | ($194.0m) | ($784.0m) | |
| Pension and other employee benefits | ($5.9b) | ($5.8b) | ($5.7b) | ($8.0b) | ($249.0m) | ($3.8b) | ($6.8b) | ($5.2b) | ($3.4b) | ($5.5b) | |
| Accounts payable | $1.4b | $4.6b | $7.7b | $18.8b | ($2.8b) | $29.4b | ($18.3b) | ($21.3b) | ($27.8b) | ($7.8b) | |
| Accrued expenses and other current liabilities | $755.0m | ($1.4b) | $5.2b | $4.4b | $7.2b | ($301.0m) | ($507.0m) | ($4.4b) | ($8.7b) | ($9.9b) | |
| Other noncurrent liabilities | ($10.0m) | $38.0m | ($11.0m) | ($1.6b) | $5.2b | ($95.0m) | ($68.0m) | ($57.0m) | ($20.0m) | $72.0m | |
| Net cash flows generated from operations | $55.9b | $60.7b | $63.6b | $71.5b | $87.3b | $94.1b | $80.4b | $87.8b | $85.0b | $101.4b | |
| Disposal of investments in associates and joint ventures | $17.0b | $14.9b | $1.7b | — | — | $359.0m | $2.5b | — | — | $175.0m | |
| Redemption of investment in debt securities (Note 12) | $609.0m | $456.0m | $105.0m | — | $150.0m | $993.0m | $182.0m | — | $200.0m | $25.0m | |
| Interest received | $947.0m | $1.2b | $1.1b | $1.7b | $1.1b | $714.0m | $636.0m | $973.0m | $881.0m | $686.0m | |
| Acquisition of investments in associates and joint ventures (Note 11) | ($21.5b) | ($5.6b) | ($111.0m) | ($20.0m) | ($579.0m) | ($1.8b) | ($3.5b) | ($1.6b) | ($3.8b) | ($186.0m) | |
| Acquisition of intangibles | ($159.0m) | ($137.0m) | ($21.0m) | — | — | — | — | — | ($29.0m) | ($217.0m) | |
| Purchase of property and equipment (Note 9) | ($42.3b) | ($36.6b) | ($47.2b) | ($88.2b) | ($76.5b) | ($102.4b) | ($93.8b) | ($76.3b) | ($65.7b) | ($60.1b) | |
| Decrease (Increase) in other financial and non-financial assets | — | — | ($72.0m) | $35.0m | $20.0m | ($111.0m) | ($9.0m) | $18.0m | $626.0m | ($544.0m) | |
| Availments of long-term debt (Notes 20 and 28) | $40.6b | $26.3b | $20.5b | $37.5b | $61.3b | $51.5b | $5.0b | $38.0b | $37.0b | $36.1b | |
| Availments of short-term debt (Notes 20 and 28) | — | — | — | — | $10.0b | — | $16.0b | — | — | $1.3b | |
| Collections of derivative financial instruments - net (Notes 27 and 28) | ($541.0m) | $218.0m | $886.0m | — | — | — | $87.0m | — | $704.0m | — | |
| Return of preferred shares redemption fund (Note 19) | — | — | — | — | — | — | $7.8b | — | $71.0m | — | |
| Distribution charges on perpetual notes (Note 19) | — | ($177.0m) | ($236.0m) | ($236.0m) | ($236.0m) | ($236.0m) | ($236.0m) | ($236.0m) | ($59.0m) | — | |
| Settlements of derivative financial instruments - net (Notes 27 and 28) | — | — | — | ($50.0m) | ($430.0m) | ($25.0m) | — | ($607.0m) | — | ($243.0m) | |
| Short-term debt (Notes 20 and 28) | — | — | — | — | ($10.0b) | — | ($6.0b) | ($10.0b) | — | ($1.0b) | |
| Interest - net of capitalized portion (Notes 5 and 28) | ($6.5b) | ($7.1b) | ($6.6b) | ($7.1b) | ($8.3b) | ($8.9b) | ($9.0b) | ($9.7b) | ($10.7b) | ($13.2b) | |
| Obligations under lease liabilities (Notes 10 and 28) | — | — | — | ($5.4b) | ($5.8b) | ($6.5b) | ($8.3b) | ($10.7b) | ($12.1b) | ($14.3b) | |
| Long-term debt (Notes 20 and 28) | ($19.6b) | ($39.2b) | ($18.7b) | ($20.5b) | ($28.4b) | ($22.6b) | ($22.4b) | ($22.6b) | ($12.1b) | ($23.7b) | |
| Profit or Loss | $20.2b | $13.5b | $19.0b | $22.8b | $24.6b | $26.7b | $10.7b | $26.8b | $32.6b | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $1.9b | $484.0m | $345.0m | $224.0m | $5.8b | $1.2b | $60.8b | $24.0b | $4.8b | ($2.7b) | |
| Purchase of short-term investments | ($2.7b) | ($18.4b) | ($6.0b) | ($572.0m) | ($5.1b) | ($3.8b) | ($6.4b) | ($449.0m) | ($37.0m) | — | |
| Maturity of short-term investments | $1.6b | $20.3b | $6.1b | $1.4b | $4.4b | $2.5b | $8.7b | $440.0m | $21.0m | $126.0m | |
| Net cash flows used in investing activities | ($42.0b) | ($21.1b) | ($25.1b) | ($84.3b) | ($68.7b) | ($103.6b) | ($33.0b) | ($55.1b) | ($65.7b) | ($61.0b) | |
| Cash flows from financing activities: | |||||||||||
| Debt issuance costs (Notes 20 and 28) | ($185.0m) | ($153.0m) | ($38.0m) | ($195.0m) | ($927.0m) | ($397.0m) | ($62.0m) | ($214.0m) | ($219.0m) | ($271.0m) | |
| Dividends paid | $23.0b | $16.5b | $13.9b | $15.6b | $16.8b | $17.9b | $25.4b | $23.4b | $20.9b | — | |
| Payments of Dividends | $23.0b | $16.5b | $13.9b | $15.6b | $16.8b | $17.9b | $25.4b | $23.4b | $20.9b | — | |
| Dividends Paid Classified As Financing Activities | $23.0b | $16.6b | $13.9b | $15.6b | $16.7b | $17.7b | $25.2b | $23.3b | $20.8b | — | |
| Cash dividends (Notes 19 and 28) | ($23.0b) | ($16.6b) | ($13.9b) | ($15.6b) | ($16.7b) | ($17.7b) | ($25.2b) | ($23.3b) | ($20.8b) | ($20.6b) | |
| Net cash flows used in financing activities | ($15.3b) | ($40.3b) | ($18.1b) | ($11.6b) | $463.0m | ($4.9b) | ($42.3b) | ($39.4b) | ($22.3b) | ($35.9b) | |
| NET EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | $614.0m | ($552.0m) | $831.0m | ($748.0m) | ($1.0b) | $244.0m | $414.0m | ($263.0m) | $138.0m | $23.0m | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($7.7b) | ($5.8b) | $18.7b | ($27.3b) | $15.9b | ($16.3b) | $1.3b | ($9.0b) | ($6.2b) | $1.9b | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (Note 15) | $38.7b | $32.9b | $51.7b | $24.4b | $40.2b | $23.9b | $25.2b | $16.2b | $10.0b | $11.9b | |
| Interest Paid Classified As Financing Activities | $6.5b | $7.1b | $6.6b | $7.1b | $8.3b | $8.9b | $9.0b | $9.7b | $10.7b | — | |
| Income taxes paid | ($7.0b) | ($4.5b) | ($2.4b) | ($2.1b) | ($2.2b) | ($2.1b) | ($4.2b) | ($2.1b) | ($3.3b) | ($2.7b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.