PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Operating income	3,237	2,680	3,169	3,128	3,344	2,552	2,888	2,671
Interest expense	205	245	393	328	308	262	305	324
Interest income	106	71	79	57	39	56	69	85
Pre-tax income	3,144	2,510	2,759	2,786	3,070	2,340	2,652	2,432
Income tax	734	652	752	659	677	559	570	523
Net income to minority interests	779	620	633	629	647	449	496	442
Net income	1,631	1,238	1,374	1,498	1,746	1,332	1,586	1,467
EPS, basic	0.02	0.01	0.01	0.02	0.02	0.01	0.02	0.01
EPS, diluted	0.02	0.01	0.01	0.02	0.02	0.01	0.02	0.01

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	1,747	1,256	1,298	1,445	2,461	2,075	1,802	2,106
Receivables	705	690	812	822	611	571	711	797
Inventory	47	50	42	70	55	73	65	68
Total current assets	3,506	2,977	2,946	3,312	4,300	3,536	3,613	3,919
Property, plant and equipment	9,572	9,938	11,034	11,326	11,451	11,015	11,611	11,095
Lease right-of-use assets			1,505	1,360	1,351	1,383	1,560	1,769
Total assets	14,607	14,316	16,931	17,500	19,377	17,651	18,612	18,596
Accounts payable	1,164	1,058	1,032	1,251	1,247	1,215	1,237	981
Short-term debt								716
Total current liabilities	3,344	3,221	4,419	4,875	4,820	4,511	4,639	4,767
Lease liabilities				717	727	880	964	1,148
Total liabilities	6,365	6,181	8,488	8,922	9,189	8,076	8,465	8,521
Retained earnings	6,286	6,362	6,673	6,776	8,030	7,819	8,322	8,338
Shareholders' equity	6,815	6,865	7,188	7,287	8,536	8,300	8,805	8,816
Minority interests	1,427	1,270	1,255	1,291	1,652	1,275	1,342	1,259
Total equity	8,242	8,135	8,443	8,578	10,188	9,575	10,147	10,075
Total liabilities and equity	14,607	14,316	16,931	17,500	19,377	17,651	18,612	18,596

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	2,410	1,858	2,007	2,127	2,393	1,781	2,082	1,909
Cash from operations	3,642	3,176	4,247	4,649	4,797	4,713	3,934	3,827
Capital expenditures	-2,380	-2,195	-2,543	-2,093	-2,099	-2,249	-2,182	-1,616
Cash from investing	-2,433	-2,439	-2,585	-2,499	-2,660	-2,513	-2,397	-1,830
Debt issued	897	2,459	1,911	1,742	3,270	2,310	2,522	3,271
Debt repaid	-685	-1,885	-1,309	-1,735	-3,069	-2,846	-2,294	-2,957
Share buybacks							-1	-44
Dividends paid	-857	-1,155	-1,169	-1,086	-1,168	-954	-1,078	-1,099
Cash from financing	-1,552	-1,284	-1,596	-1,985	-897	-2,631	-1,725	-1,709
Exchange rate effect	2	12	-8	2	3	22	-3	16
Free cash flow	1,262	981	1,704	2,556	2,698	2,464	1,752	2,211
Interest paid	231	260	314	339	311	261	308	329
Income taxes paid	873	721	745	815	679	544	698	716

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $13.34 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	21.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.9%	Net income / average total assets.
Return on invested capital (ROIC)	30.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Operating income growth, 1y	-7.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-7.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-3.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-7.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-5.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	1.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-50.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-20.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-7.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-2.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	26.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-6.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	5.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	0.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	1.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-0.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.82x	Current assets / current liabilities.
Quick ratio	0.61x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.44x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	45.8%	Total liabilities / total assets.
Interest coverage	8.24x	Operating income / interest expense.
Working capital	-$848.0M	Current assets - current liabilities.
Tangible book value	$8.82B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	150.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	42.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.01	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.01	Net income per basic share, as reported (split-adjusted).
Payout ratio	74.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	49.7%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	2.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$13.21B	Share price x shares outstanding.
Enterprise value	$11.11B	Market cap + total debt - cash - short-term investments.
P/E	9.01x	Market cap / net income. Only when net income is positive.
P/B	1.50x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.50x	Market cap / tangible book value, when positive.
P/FCF	5.98x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.45x	Market cap / cash from operations, when positive.
EV/EBIT	4.16x	Enterprise value / operating income, when both are positive.
EV/FCF	5.02x	Enterprise value / free cash flow, when both are positive.
FCF yield	16.7%	Free cash flow / market cap.
Earnings yield	11.1%	Net income / market cap (the inverse of P/E).
Dividend yield	8.3%	Dividends paid over the period / market cap.
Shareholder yield	8.6%	(Dividends paid + share buybacks) / market cap.

Was PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK profitable in fiscal 2024?

Yes. Net income was $1.47B, a net margin of -.

How much free cash flow did PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK generate in fiscal 2024?

Cash from operations of $3.83B minus capital expenditures of $1.62B left free cash flow of $2.21B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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