Sembcorp Marine Ltd
SGX:S51
Income Statement
Earnings Waterfall
Sembcorp Marine Ltd
Revenue
|
7.3B
SGD
|
Cost of Revenue
|
-7.5B
SGD
|
Gross Profit
|
-205.7m
SGD
|
Operating Expenses
|
-213.1m
SGD
|
Operating Income
|
-418.8m
SGD
|
Other Expenses
|
-1.5B
SGD
|
Net Income
|
-1.9B
SGD
|
Income Statement
Sembcorp Marine Ltd
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 960
N/A
|
4 074
+3%
|
4 460
+9%
|
4 050
-9%
|
4 430
+9%
|
4 538
+2%
|
4 445
-2%
|
5 211
+17%
|
5 526
+6%
|
5 811
+5%
|
6 028
+4%
|
6 080
+1%
|
5 833
-4%
|
5 801
-1%
|
5 668
-2%
|
5 086
-10%
|
4 968
-2%
|
4 583
-8%
|
4 284
-7%
|
4 042
-6%
|
3 545
-12%
|
3 372
-5%
|
3 112
-8%
|
2 953
-5%
|
3 035
+3%
|
3 470
+14%
|
4 448
+28%
|
4 886
+10%
|
4 888
+0%
|
4 518
-8%
|
3 622
-20%
|
3 172
-12%
|
2 883
-9%
|
2 247
-22%
|
1 510
-33%
|
1 448
-4%
|
1 862
+29%
|
2 113
+13%
|
1 947
-8%
|
3 738
+92%
|
7 291
+95%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 094)
|
(3 246)
|
(3 632)
|
(3 312)
|
(3 736)
|
(3 845)
|
(3 805)
|
(4 558)
|
(4 818)
|
(5 088)
|
(5 254)
|
(5 282)
|
(4 989)
|
(4 959)
|
(4 820)
|
(4 353)
|
(4 837)
|
(4 541)
|
(4 334)
|
(4 112)
|
(3 252)
|
(3 145)
|
(2 919)
|
(2 704)
|
(2 689)
|
(3 096)
|
(4 194)
|
(4 772)
|
(4 885)
|
(4 536)
|
(3 589)
|
(3 172)
|
(2 974)
|
(2 560)
|
(2 001)
|
(2 332)
|
(2 945)
|
(2 700)
|
(2 079)
|
(3 927)
|
(7 497)
|
|
Gross Profit |
866
N/A
|
828
-4%
|
827
0%
|
738
-11%
|
695
-6%
|
693
0%
|
640
-8%
|
653
+2%
|
708
+8%
|
723
+2%
|
774
+7%
|
798
+3%
|
844
+6%
|
842
0%
|
847
+1%
|
734
-13%
|
131
-82%
|
42
-68%
|
(50)
N/A
|
(70)
-40%
|
293
N/A
|
227
-22%
|
194
-15%
|
250
+29%
|
346
+39%
|
374
+8%
|
254
-32%
|
114
-55%
|
3
-97%
|
(18)
N/A
|
33
N/A
|
0
-100%
|
(92)
N/A
|
(313)
-241%
|
(490)
-57%
|
(884)
-80%
|
(1 082)
-22%
|
(587)
+46%
|
(132)
+77%
|
(190)
-43%
|
(206)
-8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(119)
|
(122)
|
(119)
|
(113)
|
(141)
|
(116)
|
(91)
|
(91)
|
(78)
|
(118)
|
(123)
|
(136)
|
(137)
|
(123)
|
(123)
|
(142)
|
(281)
|
(279)
|
(270)
|
(239)
|
(67)
|
8
|
18
|
19
|
(40)
|
(53)
|
(42)
|
(31)
|
(55)
|
(47)
|
(50)
|
(48)
|
(47)
|
(1)
|
(91)
|
(234)
|
(142)
|
(48)
|
(74)
|
(96)
|
(213)
|
|
Selling, General & Administrative |
(133)
|
(136)
|
(138)
|
(133)
|
(143)
|
(139)
|
(140)
|
(139)
|
(147)
|
(151)
|
(153)
|
(158)
|
(152)
|
(148)
|
(148)
|
(153)
|
(290)
|
(282)
|
(270)
|
(262)
|
(114)
|
(111)
|
(109)
|
(100)
|
(99)
|
(96)
|
(95)
|
(94)
|
(102)
|
(96)
|
(99)
|
(92)
|
(86)
|
(82)
|
(93)
|
(87)
|
(89)
|
(101)
|
(110)
|
(195)
|
(337)
|
|
Depreciation & Amortization |
0
|
(5)
|
(6)
|
(6)
|
0
|
0
|
(3)
|
(2)
|
0
|
(3)
|
(3)
|
(3)
|
0
|
(3)
|
(3)
|
(2)
|
0
|
(3)
|
(5)
|
0
|
0
|
(3)
|
(2)
|
(3)
|
0
|
(3)
|
(3)
|
(1)
|
0
|
(2)
|
(2)
|
(2)
|
0
|
(6)
|
0
|
(4)
|
0
|
(2)
|
0
|
(11)
|
(28)
|
|
Other Operating Expenses |
14
|
19
|
24
|
26
|
3
|
23
|
51
|
50
|
68
|
36
|
32
|
25
|
16
|
28
|
28
|
14
|
10
|
6
|
5
|
23
|
47
|
122
|
129
|
122
|
59
|
46
|
56
|
65
|
47
|
52
|
50
|
46
|
39
|
86
|
2
|
(142)
|
(52)
|
55
|
36
|
110
|
152
|
|
Operating Income |
747
N/A
|
707
-5%
|
708
+0%
|
625
-12%
|
554
-11%
|
578
+4%
|
549
-5%
|
562
+2%
|
630
+12%
|
605
-4%
|
651
+8%
|
663
+2%
|
707
+7%
|
720
+2%
|
724
+1%
|
592
-18%
|
(150)
N/A
|
(237)
-58%
|
(320)
-35%
|
(309)
+4%
|
225
N/A
|
236
+5%
|
212
-10%
|
268
+27%
|
306
+14%
|
320
+5%
|
211
-34%
|
83
-61%
|
(52)
N/A
|
(65)
-24%
|
(17)
+74%
|
(48)
-190%
|
(139)
-188%
|
(314)
-126%
|
(582)
-85%
|
(1 118)
-92%
|
(1 224)
-10%
|
(635)
+48%
|
(206)
+67%
|
(286)
-38%
|
(419)
-47%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
117
|
120
|
125
|
72
|
80
|
63
|
43
|
61
|
15
|
48
|
26
|
16
|
2
|
(33)
|
(65)
|
(65)
|
(208)
|
(189)
|
(213)
|
(279)
|
(109)
|
(201)
|
(197)
|
(121)
|
(73)
|
(81)
|
(35)
|
(59)
|
(43)
|
(37)
|
(34)
|
(31)
|
(32)
|
(60)
|
(78)
|
(45)
|
(18)
|
(10)
|
(14)
|
(46)
|
23
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
17
|
18
|
18
|
18
|
1
|
0
|
0
|
0
|
0
|
(17)
|
(17)
|
(17)
|
(25)
|
(12)
|
(23)
|
24
|
27
|
30
|
34
|
0
|
(7)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
3
|
(1 430)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17
|
0
|
0
|
17
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
(1)
|
(4)
|
(5)
|
(5)
|
(5)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
14
|
14
|
(4)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(12)
|
(15)
|
(12)
|
(16)
|
(20)
|
(17)
|
(114)
|
|
Pre-Tax Income |
860
N/A
|
823
-4%
|
826
+0%
|
690
-16%
|
630
-9%
|
635
+1%
|
607
-4%
|
639
+5%
|
661
+3%
|
668
+1%
|
675
+1%
|
676
+0%
|
707
+5%
|
684
-3%
|
657
-4%
|
508
-23%
|
(378)
N/A
|
(444)
-18%
|
(561)
-26%
|
(602)
-7%
|
91
N/A
|
56
-38%
|
40
-29%
|
174
+339%
|
281
+61%
|
253
-10%
|
184
-27%
|
32
-82%
|
(101)
N/A
|
(108)
-7%
|
(57)
+47%
|
(86)
-52%
|
(177)
-105%
|
(381)
-116%
|
(671)
-76%
|
(1 177)
-76%
|
(1 255)
-7%
|
(662)
+47%
|
(240)
+64%
|
(346)
-44%
|
(1 939)
-460%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(91)
|
(89)
|
(93)
|
(63)
|
(62)
|
(62)
|
(53)
|
(66)
|
(72)
|
(74)
|
(72)
|
(72)
|
(106)
|
(103)
|
(102)
|
(61)
|
78
|
91
|
106
|
93
|
(15)
|
1
|
10
|
(4)
|
(25)
|
(30)
|
(20)
|
1
|
23
|
26
|
22
|
30
|
37
|
56
|
84
|
135
|
79
|
(9)
|
(26)
|
(41)
|
(14)
|
|
Income from Continuing Operations |
769
|
734
|
733
|
628
|
567
|
573
|
554
|
573
|
588
|
594
|
603
|
604
|
601
|
582
|
555
|
447
|
(300)
|
(353)
|
(456)
|
(509)
|
75
|
57
|
49
|
171
|
256
|
223
|
164
|
33
|
(78)
|
(82)
|
(35)
|
(56)
|
(140)
|
(326)
|
(587)
|
(1 042)
|
(1 175)
|
(671)
|
(266)
|
(387)
|
(1 953)
|
|
Income to Minority Interest |
(17)
|
(20)
|
(25)
|
(27)
|
(29)
|
(29)
|
(28)
|
(32)
|
(33)
|
(35)
|
(37)
|
(36)
|
(41)
|
(38)
|
(34)
|
(26)
|
10
|
13
|
17
|
17
|
4
|
4
|
6
|
7
|
4
|
5
|
4
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
5
|
5
|
5
|
5
|
4
|
5
|
13
|
|
Net Income (Common) |
752
N/A
|
714
-5%
|
707
-1%
|
600
-15%
|
539
-10%
|
544
+1%
|
526
-3%
|
540
+3%
|
556
+3%
|
560
+1%
|
566
+1%
|
569
+0%
|
560
-1%
|
544
-3%
|
521
-4%
|
421
-19%
|
(290)
N/A
|
(341)
-18%
|
(439)
-29%
|
(492)
-12%
|
79
N/A
|
61
-23%
|
55
-10%
|
177
+224%
|
260
+47%
|
228
-12%
|
168
-27%
|
37
-78%
|
(74)
N/A
|
(78)
-5%
|
(31)
+61%
|
(54)
-75%
|
(137)
-156%
|
(322)
-135%
|
(583)
-81%
|
(1 038)
-78%
|
(1 171)
-13%
|
(666)
+43%
|
(261)
+61%
|
(383)
-47%
|
(1 940)
-407%
|
|
EPS (Diluted) |
0.36
N/A
|
0.34
-6%
|
0.34
N/A
|
0.29
-15%
|
0.26
-10%
|
0.27
+4%
|
0.26
-4%
|
0.26
N/A
|
0.27
+4%
|
0.27
N/A
|
0.27
N/A
|
0.27
N/A
|
0.27
N/A
|
0.25
-7%
|
0.24
-4%
|
0.2
-17%
|
-0.09
N/A
|
-0.16
-78%
|
-0.2
-25%
|
-0.23
-15%
|
0.02
N/A
|
0.04
+100%
|
0.03
-25%
|
0.09
+200%
|
0.07
-22%
|
0.11
+57%
|
0.08
-27%
|
0.02
-75%
|
-0.02
N/A
|
-0.04
-100%
|
-0.01
+75%
|
-0.01
N/A
|
-0.04
-300%
|
-0.09
-125%
|
-0.09
N/A
|
-0.09
N/A
|
-0.06
+33%
|
-0.03
+50%
|
-0.01
+67%
|
-0.01
N/A
|
-0.03
-200%
|