First Hotel Co Ltd
TWSE:2706

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First Hotel Co Ltd Logo
First Hotel Co Ltd
TWSE:2706
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Price: 12.35 TWD -0.4% Market Closed
Market Cap: NT$6.2B

Income Statement

Earnings Waterfall
First Hotel Co Ltd

Income Statement
First Hotel Co Ltd

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Income Statement
Currency: TWD
Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 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 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
1
1
2
2
2
2
2
2
2
2
3
3
2
2
2
2
2
2
2
1
2
2
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
0
Revenue
268
N/A
264
-1%
261
-1%
257
-1%
265
+3%
268
+1%
272
+1%
279
+3%
288
+3%
293
+2%
294
+0%
297
+1%
299
+1%
300
+0%
302
+0%
301
0%
302
+0%
309
+2%
319
+3%
321
+1%
321
0%
322
+0%
323
+0%
322
0%
324
+0%
326
+1%
330
+1%
337
+2%
345
+2%
351
+2%
356
+2%
361
+1%
361
+0%
361
+0%
360
0%
358
-1%
361
+1%
362
+0%
363
+0%
368
+1%
369
+0%
372
+1%
374
+1%
368
-2%
363
-2%
357
-2%
345
-3%
339
-2%
335
-1%
332
-1%
332
0%
331
0%
330
0%
327
-1%
325
-1%
327
+1%
330
+1%
335
+1%
342
+2%
343
+0%
347
+1%
337
-3%
301
-11%
282
-6%
265
-6%
259
-2%
266
+3%
251
-6%
253
+1%
254
+1%
267
+5%
288
+8%
291
+1%
317
+9%
352
+11%
386
+10%
343
-11%
331
-4%
309
-7%
301
-3%
356
+18%
359
+1%
363
+1%
374
+3%
377
+1%
Gross Profit
Cost of Revenue
(56)
(56)
(55)
(56)
(58)
(59)
(59)
(58)
(57)
(58)
(60)
(61)
(63)
(64)
(66)
(76)
(84)
(94)
(103)
(106)
(107)
(108)
(108)
(109)
(112)
(115)
(118)
(121)
(123)
(124)
(125)
(127)
(127)
(126)
(126)
(123)
(125)
(125)
(123)
(122)
(118)
(117)
(115)
(109)
(102)
(95)
(88)
(88)
(92)
(95)
(98)
(98)
(93)
(92)
(89)
(89)
(87)
(86)
(86)
(85)
(88)
(87)
(79)
(76)
(72)
(70)
(69)
(63)
(61)
(59)
(62)
(64)
(63)
(81)
(106)
(129)
(78)
(65)
(46)
(28)
(82)
(82)
(82)
(82)
(82)
Gross Profit
212
N/A
208
-2%
206
-1%
201
-2%
208
+3%
210
+1%
213
+2%
221
+4%
231
+4%
235
+2%
234
0%
236
+1%
236
0%
236
+0%
236
0%
226
-4%
218
-3%
216
-1%
216
+0%
215
0%
214
0%
214
0%
215
+0%
214
0%
212
-1%
211
0%
212
+0%
216
+2%
222
+3%
226
+2%
231
+2%
233
+1%
234
+0%
235
+1%
235
0%
235
+0%
236
+0%
237
+1%
240
+1%
246
+2%
251
+2%
256
+2%
259
+1%
260
+0%
261
+0%
262
+0%
258
-2%
252
-2%
243
-3%
237
-2%
234
-2%
234
+0%
236
+1%
235
-1%
236
+0%
238
+1%
243
+2%
250
+3%
256
+3%
258
+1%
258
+0%
250
-3%
222
-11%
206
-7%
193
-6%
189
-2%
198
+5%
188
-5%
192
+2%
195
+2%
205
+5%
223
+9%
227
+2%
236
+4%
246
+4%
256
+4%
265
+3%
265
+0%
263
-1%
273
+4%
274
+0%
277
+1%
281
+1%
291
+4%
295
+1%
Operating Income
Operating Expenses
(22)
(22)
(21)
(21)
(21)
(22)
(22)
(23)
(23)
(23)
(23)
(23)
(23)
(25)
(28)
(30)
(32)
(32)
(31)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(27)
(27)
(28)
(28)
(30)
(31)
(31)
(31)
(30)
(31)
(32)
(33)
(36)
(35)
(35)
(34)
(32)
(32)
(32)
(32)
(33)
(32)
(32)
(32)
(32)
(32)
(32)
(32)
(33)
(32)
(32)
(33)
(33)
(33)
(32)
(30)
(27)
(25)
(24)
(25)
(24)
(25)
(26)
(25)
(28)
(28)
(28)
(29)
(29)
(30)
(32)
(32)
(32)
(33)
(32)
(33)
(33)
Selling, General & Administrative
(22)
(22)
(21)
(21)
(21)
(22)
(22)
(23)
(23)
(23)
(23)
(23)
(23)
(25)
(28)
(30)
(32)
(32)
(31)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(30)
(27)
(27)
(28)
(28)
(30)
(31)
(31)
(31)
(30)
(31)
(32)
(33)
(35)
(35)
(35)
(34)
(32)
(32)
(32)
(32)
(32)
(31)
(31)
(31)
(31)
(32)
(32)
(32)
(32)
(32)
(32)
(32)
(32)
(32)
(30)
(28)
(26)
(23)
(22)
(23)
(23)
(23)
(24)
(24)
(27)
(26)
(27)
(28)
(28)
(29)
(31)
(31)
(31)
(32)
(31)
(33)
(33)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
(0)
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(1)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(1)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
(0)
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
Operating Income
190
N/A
186
-2%
185
-1%
180
-2%
186
+3%
188
+1%
191
+2%
199
+4%
208
+5%
212
+2%
211
0%
213
+1%
213
0%
211
-1%
208
-1%
196
-6%
186
-5%
184
-1%
185
+0%
185
+0%
184
0%
184
0%
185
+1%
184
-1%
182
-1%
182
N/A
182
+0%
186
+2%
195
+5%
199
+2%
204
+2%
205
+1%
203
-1%
204
+0%
204
0%
204
0%
205
+1%
206
+0%
208
+1%
213
+2%
215
+1%
220
+2%
224
+2%
225
+1%
229
+1%
229
+0%
226
-2%
220
-3%
211
-4%
205
-2%
201
-2%
202
+0%
204
+1%
203
-1%
204
+0%
206
+1%
211
+2%
218
+3%
224
+3%
225
+1%
226
+0%
217
-4%
190
-13%
175
-8%
165
-6%
164
-1%
174
+6%
163
-6%
168
+3%
170
+1%
179
+5%
198
+10%
199
+1%
208
+4%
217
+4%
227
+5%
236
+4%
235
0%
231
-2%
241
+4%
242
+0%
244
+1%
248
+2%
257
+4%
261
+2%
Pre-Tax Income
Interest Income Expense
65
65
177
179
196
197
104
112
562
573
589
579
184
172
232
240
240
240
181
176
114
113
93
95
100
101
82
84
75
84
104
157
139
128
130
143
158
188
228
258
257
285
305
332
320
352
359
367
392
371
377
367
457
468
480
509
476
472
476
476
435
369
225
35
34
(35)
(49)
16
(75)
(29)
89
148
168
159
99
103
141
132
169
173
104
150
136
98
141
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
0
0
0
0
0
(6)
0
(8)
(8)
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(1)
(1)
(1)
(0)
(1)
(1)
(1)
(2)
(1)
1
3
3
0
0
(2)
(1)
(1)
(0)
(0)
(1)
(1)
(2)
(2)
(1)
(1)
(1)
(2)
(2)
(0)
1
(5)
1
(1)
(1)
(4)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(0)
(1)
(1)
3
1
1
1
(1)
(0)
(0)
(0)
(1)
(2)
(2)
(2)
(2)
(3)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
Pre-Tax Income
254
N/A
251
-1%
361
+44%
359
-1%
381
+6%
383
+1%
293
-23%
309
+5%
769
+149%
786
+2%
803
+2%
796
-1%
397
-50%
383
-4%
438
+14%
435
-1%
425
-2%
424
0%
366
-14%
360
-2%
297
-17%
295
-1%
277
-6%
278
+0%
281
+1%
281
+0%
262
-7%
268
+2%
270
+1%
279
+3%
303
+9%
355
+17%
333
-6%
329
-1%
330
+0%
345
+5%
362
+5%
392
+8%
435
+11%
469
+8%
471
+0%
504
+7%
529
+5%
556
+5%
546
-2%
580
+6%
583
+1%
585
+0%
600
+3%
575
-4%
577
+0%
568
-2%
660
+16%
669
+1%
681
+2%
713
+5%
685
-4%
688
+0%
698
+2%
702
+0%
660
-6%
585
-11%
417
-29%
211
-49%
201
-5%
131
-35%
124
-5%
179
+44%
93
-48%
141
+52%
267
+89%
343
+28%
365
+6%
365
0%
314
-14%
327
+4%
375
+14%
365
-3%
398
+9%
412
+4%
343
-17%
392
+14%
382
-2%
352
-8%
400
+14%
Net Income
Tax Provision
(62)
(61)
(85)
(84)
(89)
(89)
(79)
(82)
(197)
(198)
(192)
(193)
(91)
(91)
(106)
(104)
(102)
(102)
8
9
25
28
6
10
14
15
(41)
(42)
(42)
(44)
(48)
(58)
(54)
(53)
(54)
(55)
(58)
(63)
(70)
(76)
(75)
(80)
(85)
(89)
(88)
(91)
(97)
(96)
(99)
(97)
(92)
(89)
(105)
(212)
(244)
(257)
(255)
(152)
(138)
(132)
(128)
(114)
(84)
(45)
(40)
(26)
(17)
(31)
(14)
(24)
(43)
(59)
(64)
(64)
(64)
(65)
(74)
(72)
(77)
(80)
(66)
(76)
(71)
(65)
(74)
Income from Continuing Operations
192
190
276
275
292
294
214
227
571
587
611
602
306
292
332
331
323
322
374
369
322
323
283
288
294
296
222
227
228
235
254
297
279
276
276
290
303
329
365
394
396
424
444
467
458
488
486
488
502
478
485
479
555
457
437
456
430
536
560
570
532
471
333
166
161
105
107
148
78
117
225
284
301
301
250
263
301
293
321
333
278
317
312
288
326
Net Income (Common)
192
N/A
190
-1%
276
+45%
275
0%
292
+6%
294
+1%
214
-27%
227
+6%
571
+152%
587
+3%
611
+4%
602
-1%
306
-49%
292
-4%
332
+14%
331
0%
323
-3%
322
0%
374
+16%
369
-1%
322
-13%
323
+0%
283
-12%
288
+2%
294
+2%
296
+1%
222
-25%
227
+2%
228
+0%
235
+3%
254
+8%
297
+17%
279
-6%
276
-1%
276
+0%
290
+5%
303
+5%
329
+8%
365
+11%
394
+8%
396
+1%
424
+7%
444
+5%
467
+5%
458
-2%
488
+6%
486
0%
488
+0%
502
+3%
478
-5%
485
+1%
479
-1%
555
+16%
457
-18%
437
-4%
456
+4%
430
-6%
536
+25%
560
+5%
570
+2%
532
-7%
471
-12%
333
-29%
166
-50%
161
-3%
105
-35%
107
+2%
148
+39%
78
-47%
117
+49%
225
+93%
284
+26%
301
+6%
301
0%
250
-17%
263
+5%
301
+15%
293
-3%
321
+10%
333
+4%
278
-17%
317
+14%
312
-2%
288
-8%
326
+13%
EPS (Diluted)
0.38
N/A
0.37
-3%
0.55
+49%
0.55
N/A
0.58
+5%
0.59
+2%
0.43
-27%
0.46
+7%
1.14
+148%
1.18
+4%
1.22
+3%
1.2
-2%
0.61
-49%
0.58
-5%
0.66
+14%
0.66
N/A
0.65
-2%
0.65
N/A
0.76
+17%
0.75
-1%
0.64
-15%
0.65
+2%
0.57
-12%
0.58
+2%
0.59
+2%
0.6
+2%
0.45
-25%
0.46
+2%
0.46
N/A
0.44
-4%
0.5
+14%
0.58
+16%
0.56
-3%
0.53
-5%
0.54
+2%
0.57
+6%
0.61
+7%
0.66
+8%
0.73
+11%
0.79
+8%
0.79
N/A
0.84
+6%
0.88
+5%
0.93
+6%
0.92
-1%
0.98
+7%
0.98
N/A
1.05
+7%
1
-5%
0.95
-5%
0.97
+2%
0.96
-1%
1.11
+16%
0.92
-17%
0.88
-4%
0.91
+3%
0.86
-5%
1.07
+24%
1.12
+5%
1.14
+2%
1.06
-7%
0.94
-11%
0.67
-29%
0.33
-51%
0.32
-3%
0.21
-34%
0.21
N/A
0.3
+43%
0.16
-47%
0.23
+44%
0.45
+96%
0.57
+27%
0.6
+5%
0.6
N/A
0.5
-17%
0.53
+6%
0.6
+13%
0.59
-2%
0.64
+8%
0.67
+5%
0.56
-16%
0.63
+12%
0.62
-2%
0.58
-6%
0.65
+12%
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett