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Equity (Tables) | 12 Months Ended
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Dec. 31, 2019
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, 2019 and 2018 are as follows:
|  | 2019 |  |  | 2018 |
|  | (in million shares) |
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, 2019, 2018 and 2017 are detailed as follows: December 31, 2019
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series JJ* |  | May 9, 2019 |  | May 31, 2019 |  | June 28, 2019 |  |  | 1.00 |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 29, 2019 |  | February 22, 2019 |  | March 15, 2019 |  |  | — |  |  |  | 12 |
|  | May 9, 2019 |  | May 24, 2019 |  | June 15, 2019 |  |  | — |  |  |  | 12 |
|  | August 8, 2019 |  | August 27, 2019 |  | September 15, 2019 |  |  | — |  |  |  | 13 |
|  | November 7, 2019 |  | November 22, 2019 |  | December 15, 2019 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 7, 2019 |  | March 27, 2019 |  | April 15, 2019 |  |  | — |  |  |  | 3 |
|  | June 11, 2019 |  | June 28, 2019 |  | July 15, 2019 |  |  | — |  |  |  | 2 |
|  | September 24, 2019 |  | October 8, 2019 |  | October 15, 2019 |  |  | — |  |  |  | 2 |
|  | December 3, 2019 |  | December 18, 2019 |  | January 15, 2020 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 21, 2019 |  | April 4, 2019 |  | April 23, 2019 |  |  | 36.00 |  |  |  | 7,778 |
|  | August 8, 2019 |  | August 27, 2019 |  | September 10, 2019 |  |  | 36.00 |  |  |  | 7,778 |
|  |  |  |  |  |  |  |  |  |  |  |  | 15,556 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 15,615 |
* | Dividends were declared based on total amount paid up.
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 |  |  | 49.00 |  |  |  | 10,371 |
|  |  |  |  |  |  |  |  |  |  |  |  | 16,420 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 16,479 |
* | Dividends were declared based on total amount paid up.
Our dividends declared after December 31, 2019 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 28, 2020 |  | February 24, 2020 |  | March 15, 2020 |  |  | — |  |  |  | 12 |
Voting Preferred Stock |  | March 5, 2020 |  | March 25, 2020 |  | April 15, 2020 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 15 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 5, 2020 |  | March 19, 2020 |  | April 3, 2020 |  |  | 39 |  |  |  | 8,426 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 8,441 |
* | 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, 2019:
|  | (in million pesos) |
Consolidated unappropriated retained earnings as at December 31, 2018 (as previously stated) |  |  | 6,861 |
Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments |  |  | 25,692 |
Effect of adoption of IFRS 16 |  |  | (136 | )
Parent Company’s unappropriated retained earnings at beginning of the year (as stated) |  |  | 32,417 |
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 |  |  | (888 | )
Fair value adjustments (mark-to-market gains) |  |  | (3,440 | )
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2019 |  |  | 27,566 |
Parent Company’s net income for the year |  |  | 18,381 |
Less: Fair value adjustment of investment property resulting to gain |  |  | (229 | )
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) |  |  | (473 | )
|  |  | 17,679 |
Less: Cash dividends declared during the year |  |  |  |
Preferred stock |  |  | (59 | )
Common stock |  |  | (15,556 | )
|  |  | (15,615 | )
Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2019 |  |  | 29,630 |

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