POSCO (PKX) financial statements

Basic Materials · Steel · Market cap $15.4B

POSCO reported revenue of 73.46T KRW in fiscal 2024, up 2.6% a year over 9 years.

Net income was 1.13T KRW and the operating margin 2.0%, against 2.5% in 2015.

Free cash flow was -1.50T KRW, and the company returned 844.2B KRW in dividends and 92.3B KRW in net buybacks.

Revenue and free cash flow

Fiscal years, $ billions (KRW).

-25,000025,00050,00075,000100,0002015201620172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in KRW, from POSCO's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Revenue58.52T KRW52.94T KRW60.19T KRW65.15T KRW64.79T KRW57.47T KRW76.01T KRW85.00T KRW77.06T KRW73.46T KRW
Cost of revenue52.02T KRW46.27T KRW51.92T KRW57.13T KRW58.46T KRW52.80T KRW64.15T KRW77.32T KRW70.64T KRW67.97T KRW
Gross profit6.50T KRW6.67T KRW8.27T KRW8.03T KRW6.32T KRW4.67T KRW11.85T KRW7.68T KRW6.42T KRW5.49T KRW
Research and development491.7B KRW444.8B KRW486.9B KRW526.6B KRW499.8B KRW468.1B KRW468.5B KRW536.3B KRW518.4B KRW555.6B KRW
Selling, general and admin2.40T KRW2.13T KRW2.00T KRW1.99T KRW2.04T KRW1.94T KRW2.21T KRW2.50T KRW2.65T KRW3.00T KRW
Operating income1.49T KRW2.28T KRW4.20T KRW4.04T KRW3.22T KRW2.05T KRW8.78T KRW4.34T KRW2.74T KRW1.45T KRW
Interest expense788.8B KRW658.7B KRW653.1B KRW741.3B KRW755.7B KRW638.8B KRW439.8B KRW607.5B KRW1.00T KRW1.05T KRW
Pre-tax income150.3B KRW1.41T KRW4.10T KRW3.62T KRW3.13T KRW1.97T KRW9.39T KRW4.05T KRW2.64T KRW1.33T KRW
Income tax266.6B KRW379.5B KRW1.19T KRW1.68T KRW1.09T KRW224.3B KRW2.21T KRW461.5B KRW789.4B KRW321.0B KRW
Net income171.5B KRW1.35T KRW2.76T KRW1.71T KRW1.86T KRW1.58T KRW6.61T KRW3.16T KRW1.70T KRW1.13T KRW
EPS (diluted)———21,177.00 KRW23,189.00 KRW19,900.00 KRW85,240.00 KRW39,296.00 KRW22,383.00 KRW12,640.00 KRW
Diluted shares80M80M80M80M80M79M77M79M76M78M
Gross margin11.1%12.6%13.7%12.3%9.8%8.1%15.6%9.0%8.3%7.5%
Operating margin2.5%4.3%7.0%6.2%5.0%3.6%11.5%5.1%3.6%2.0%
Net margin0.3%2.6%4.6%2.6%2.9%2.8%8.7%3.7%2.2%1.5%

Balance sheet

Fiscal years, in KRW, from POSCO's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Cash and short-term investments—2.45T KRW2.61T KRW2.64T KRW3.51T KRW4.75T KRW4.78T KRW8.05T KRW6.67T KRW6.77T KRW
Receivables——8.82T KRW9.13T KRW9.07T KRW8.11T KRW9.98T KRW9.70T KRW10.80T KRW10.82T KRW
Inventory—9.52T KRW10.79T KRW12.15T KRW11.23T KRW9.64T KRW16.10T KRW16.13T KRW14.56T KRW14.18T KRW
Total current assets—29.66T KRW31.84T KRW34.15T KRW35.14T KRW36.40T KRW47.42T KRW48.24T KRW46.73T KRW44.07T KRW
Property, plant and equipment34.52T KRW33.77T KRW31.88T KRW30.02T KRW29.93T KRW29.40T KRW29.60T KRW31.78T KRW35.21T KRW39.85T KRW
Goodwill—1.38T KRW1.35T KRW1.13T KRW1.10T KRW903.9B KRW736.0B KRW442.5B KRW403.2B KRW357.9B KRW
Total assets—80.14T KRW79.79T KRW78.78T KRW79.37T KRW79.68T KRW92.30T KRW99.02T KRW101.49T KRW103.44T KRW
Total current liabilities—18.94T KRW19.49T KRW19.43T KRW16.55T KRW17.21T KRW21.27T KRW23.43T KRW22.47T KRW22.74T KRW
Long-term debt—12.51T KRW9.79T KRW9.92T KRW11.89T KRW11.82T KRW12.91T KRW12.39T KRW15.01T KRW14.88T KRW
Total liabilities—34.37T KRW32.46T KRW32.10T KRW31.61T KRW32.08T KRW37.58T KRW40.83T KRW41.89T KRW42.00T KRW
Shareholders' equity45.01T KRW42.33T KRW43.66T KRW43.33T KRW44.46T KRW44.29T KRW50.38T KRW52.48T KRW54.15T KRW55.39T KRW
Net debt—20.26T KRW18.45T KRW17.57T KRW16.93T KRW15.74T KRW16.97T KRW16.25T KRW19.30T KRW19.23T KRW

Cash flow

Fiscal years, in KRW, from POSCO's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Operating cash flow7.60T KRW5.27T KRW5.61T KRW5.87T KRW6.00T KRW8.69T KRW6.26T KRW6.19T KRW6.17T KRW6.66T KRW
Capital spending2.85T KRW2.46T KRW2.63T KRW2.58T KRW2.82T KRW3.46T KRW3.50T KRW5.42T KRW7.22T KRW8.16T KRW
Free cash flow4.75T KRW2.81T KRW2.98T KRW3.29T KRW3.19T KRW5.23T KRW2.76T KRW766.3B KRW-1.05T KRW-1.50T KRW
Dividends paid822.6B KRW709.0B KRW863.5B KRW723.9B KRW946.2B KRW659.1B KRW1.31T KRW1.22T KRW815.5B KRW844.2B KRW
Share buybacks (net)—————-883.2B KRW-116.8B KRW——-92.3B KRW
Net borrowing-1.73T KRW-2.29T KRW-1.41T KRW-373.9B KRW1.90T KRW766.3B KRW639.4B KRW415.7B KRW3.36T KRW-1.63T KRW
Free cash flow margin8.1%5.3%4.9%5.0%4.9%9.1%3.6%0.9%-1.4%-2.0%
Dividends per share10,282.92 KRW8,862.53 KRW10,793.31 KRW9,049.11 KRW11,810.93 KRW8,330.85 KRW17,094.12 KRW15,441.15 KRW10,748.07 KRW10,824.34 KRW
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Questions

What was POSCO's revenue in 2024?

73.46T KRW in fiscal 2024, from its 10-K filing.

How much free cash flow does POSCO generate?

-1.50T KRW in fiscal 2024 (operating cash flow minus capital spending).

From POSCO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.