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Equity (Tables) | 12 Months Ended
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Dec. 31, 2018
Equity [Abstract] |
Summary of Number of Shares of Subscribed and Outstanding Capital Stock | PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2018 and 2017 are as follows:
|  | 2018 |  |  | 2017 |
|  |  |  |  | (in million pesos) |
Authorized |  |  |  |  |  |  |  |
Non-Voting Serial Preferred Stock |  |  | 388 |  |  |  | 388 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 234 |  |  |  | 234 |
Subscribed |  |  |  |  |  |  |  |
Non-Voting Serial Preferred Stock(1) |  |  | 300 |  |  |  | 300 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 219 |  |  |  | 219 |
Outstanding |  |  |  |  |  |  |  |
Non-Voting Serial Preferred Stock(1) |  |  | 300 |  |  |  | 300 |
Voting Preferred Stock |  |  | 150 |  |  |  | 150 |
Common Stock |  |  | 216 |  |  |  | 216 |
Treasury Stock |  |  |  |  |  |  |  |
Common Stock |  |  | 3 |  |  |  | 3 |
| (1) | Includes 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php3 billion, of which Php360 million has been paid.
Summary of Dividends Declared | Our dividends declared for the years ended December 31, 2018, 2017 and 2016 are detailed as follows: December 31, 2018
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series JJ |  | June 13, 2018 |  | June 28, 2018 |  | June 29, 2018 |  |  | 1.00 |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 22, 2018 |  | February 21, 2018 |  | March 15, 2018 |  |  | — |  |  |  | 12 |
|  | May 10, 2018 |  | May 25, 2018 |  | June 15, 2018 |  |  | — |  |  |  | 12 |
|  | August 9, 2018 |  | August 28, 2018 |  | September 15, 2018 |  |  | — |  |  |  | 13 |
|  | November 8, 2018 |  | November 23, 2018 |  | December 15, 2018 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 8, 2018 |  | March 28, 2018 |  | April 15, 2018 |  |  | — |  |  |  | 3 |
|  | June 13, 2018 |  | June 29, 2018 |  | July 15, 2018 |  |  | — |  |  |  | 2 |
|  | September 25, 2018 |  | October 9, 2018 |  | October 15, 2018 |  |  | — |  |  |  | 2 |
|  | December 4, 2018 |  | December 19, 2018 |  | January 15, 2019 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 27, 2018 |  | April 13, 2018 |  | April 27, 2018 |  |  | 28.00 |  |  |  | 6,050 |
|  | August 9, 2018 |  | August 28, 2018 |  | September 11, 2018 |  |  | 36.00 |  |  |  | 7,778 |
|  |  |  |  |  |  |  |  |  |  |  |  | 13,828 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 13,887 |
| * | Dividends were declared based on total amount paid up.
December 31, 2017
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series JJ |  | May 12, 2017 |  | June 1, 2017 |  | June 30, 2017 |  |  | 1.00 |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | February 7, 2017 |  | February 24, 2017 |  | March 15, 2017 |  |  | — |  |  |  | 12 |
|  | May 12, 2017 |  | May 26, 2017 |  | June 15, 2017 |  |  | — |  |  |  | 12 |
|  | August 10, 2017 |  | August 25, 2017 |  | September 15, 2017 |  |  | — |  |  |  | 13 |
|  | November 9, 2017 |  | November 28, 2017 |  | December 15, 2017 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 7, 2017 |  | March 30, 2017 |  | April 15, 2017 |  |  | — |  |  |  | 3 |
|  | June 13, 2017 |  | June 27, 2017 |  | July 15, 2017 |  |  | — |  |  |  | 2 |
|  | September 26, 2017 |  | October 10, 2017 |  | October 15, 2017 |  |  | — |  |  |  | 2 |
|  | December 5, 2017 |  | December 20, 2017 |  | January 15, 2018 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 7, 2017 |  | March 21, 2017 |  | April 6, 2017 |  |  | 28.00 |  |  |  | 6,049 |
|  | August 10, 2017 |  | August 25, 2017 |  | September 8, 2017 |  |  | 48.00 |  |  |  | 10,371 |
|  |  |  |  |  |  |  |  |  |  |  |  | 16,420 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 16,479 |
| * | Dividends were declared based on total amount paid up.
December 31, 2016
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series II (Final Dividends) |  | April 12, 2016 |  | February 10, 2016 |  | May 11, 2016 |  | 0.0027/day |  |  |  | — |
Series JJ |  | May 3, 2016 |  | June 2, 2016 |  | June 30, 2016 |  |  | 1.00 |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 26, 2016 |  | February 24, 2016 |  | March 15, 2016 |  |  | — |  |  |  | 12 |
|  | May 3, 2016 |  | May 24, 2016 |  | June 15, 2016 |  |  | — |  |  |  | 12 |
|  | August 2, 2016 |  | August 18, 2016 |  | September 15, 2016 |  |  | — |  |  |  | 12 |
|  | November 14, 2016 |  | November 28, 2016 |  | December 15, 2016 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 48 |
Voting Preferred Stock |  | February 29, 2016 |  | March 30, 2016 |  | April 15, 2016 |  |  | — |  |  |  | 3 |
|  | June 14, 2016 |  | June 30, 2016 |  | July 15, 2016 |  |  | — |  |  |  | 3 |
|  | August 30, 2016 |  | September 20, 2016 |  | October 15, 2016 |  |  | — |  |  |  | 2 |
|  | December 6, 2016 |  | December 20, 2016 |  | January 15, 2017 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 11 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | February 29, 2016 |  | March 14, 2016 |  | April 1, 2016 |  |  | 57.00 |  |  |  | 12,315 |
|  | August 2, 2016 |  | August 16, 2016 |  | September 1, 2016 |  |  | 49.00 |  |  |  | 10,587 |
|  |  |  |  |  |  |  |  |  |  |  |  | 22,902 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 22,961 |
| * | Dividends were declared based on total amount paid up.
Our dividends declared after December 31, 2018 are detailed as follows:
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 29, 2019 |  | February 22, 2019 |  | March 15, 2019 |  |  | — |  |  |  | 12 |
Voting Preferred Stock |  | March 7, 2019 |  | March 27, 2019 |  | April 15, 2019 |  |  | — |  |  |  | 3 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 21, 2019 |  | April 4, 2019 |  | April 23, 2019 |  |  | 36.00 |  |  |  | 7,778 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 7,793 |
| * | Dividends were declared based on total amount paid up.
Summary of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration | The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2018:
|  | (in million pesos) |
Consolidated unappropriated retained earnings as at December 31, 2017 |  |  | 1,157 |
Effect of IAS 27 adjustments |  |  | 33,995 |
Parent Company’s unappropriated retained earnings at beginning of the year |  |  | 35,152 |
Effect of adoption of IFRS 9 and IFRS 15 |  |  | 129 |
Parent Company’s unappropriated retained earnings at beginning of the year, as restated |  |  | 35,281 |
Less: Cumulative unrealized income – net of tax: |  |  |  |
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) |  |  | (523 | )
Fair value adjustments of investment property resulting to gain |  |  | (778 | )
Fair value adjustments (mark-to-market gains) |  |  | (3,182 | )
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2018 |  |  | 30,798 |
Parent Company’s net income for the year |  |  | 11,159 |
Less: Fair value adjustment of investment property resulting to gain |  |  | (110 | )
Fair value adjustments (mark-to-market gains) |  |  | (258 | )
|  |  | 10,791 |
Less: Cash dividends declared during the year |  |  |  |
Preferred stock |  |  | (59 | )
Common stock |  |  | (13,828 | )
|  |  | (13,887 | )
Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2018 |  |  | 27,702 |

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