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Equity (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 and 2020 are as follows:
|  | 2021 |  |  | 2020 |
|  | (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 |
Summary of Dividends Declared | Our dividends declared for years ended December 31, 2021, 2020 and 2019 are detailed as follows: December 31, 2021
|  | 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 26, 2021 |  | February 22, 2021 |  | March 15, 2021 |  |  | — |  |  |  | 12 |
|  | May 6, 2021 |  | May 21, 2021 |  | June 15, 2021 |  |  | — |  |  |  | 13 |
|  | August 5, 2021 |  | August 20, 2021 |  | September 15, 2021 |  |  | — |  |  |  | 12 |
|  | November 4, 2021 |  | November 19, 2021 |  | December 15, 2021 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 4, 2021 |  | March 24, 2021 |  | April 15, 2021 |  |  | — |  |  |  | 3 |
|  | June 8, 2021 |  | June 24, 2021 |  | July 15, 2021 |  |  | — |  |  |  | 2 |
|  | August 26, 2021 |  | September 13, 2021 |  | October 15, 2021 |  |  | — |  |  |  | 2 |
|  | December 7, 2021 |  | December 23, 2021 |  | January 15, 2022 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 4, 2021 |  | March 18, 2021 |  | April 6, 2021 |  |  | 40.00 |  |  |  | 8,642 |
|  | August 5, 2021 |  | August 19, 2021 |  | September 3, 2021 |  |  | 42.00 |  |  |  | 9,075 |
|  |  |  |  |  |  |  |  |  |  |  |  | 17,717 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 17,776 |
| * | Dividends were declared based on total amount paid up.
December 31, 2020
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series JJ |  | April 8, 2020 |  | February 11, 2020 |  | May 12, 2020 |  | 0.0027/day |  |  |  | — |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series IV* |  | January 28, 2020 |  | February 24, 2020 |  | March 15, 2020 |  |  | — |  |  |  | 12 |
|  | May 7, 2020 |  | May 21, 2020 |  | June 15, 2020 |  |  | — |  |  |  | 13 |
|  | August 6, 2020 |  | August 20, 2020 |  | September 15, 2020 |  |  | — |  |  |  | 12 |
|  | November 5, 2020 |  | November 19, 2020 |  | December 15, 2020 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 5, 2020 |  | March 25, 2020 |  | April 15, 2020 |  |  | — |  |  |  | 3 |
|  | June 9, 2020 |  | June 24, 2020 |  | July 15, 2020 |  |  | — |  |  |  | 2 |
|  | September 29, 2020 |  | October 13, 2020 |  | October 15, 2020 |  |  | — |  |  |  | 2 |
|  | December 3, 2020 |  | December 18, 2020 |  | January 15, 2021 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 5, 2020 |  | March 19, 2020 |  | April 3, 2020 |  |  | 39.00 |  |  |  | 8,426 |
|  | August 6, 2020 |  | August 20, 2020 |  | September 4, 2020 |  |  | 38.00 |  |  |  | 8,210 |
|  |  |  |  |  |  |  |  |  |  |  |  | 16,636 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 16,695 |
| * | Dividends were declared based on total amount paid up.
December 31, 2019
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Convertible Redeemable 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, 2019 |  |  | — |  |  |  | 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. Our dividends declared after December 31, 2021 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 25, 2022 |  | February 21, 2022 |  | March 15, 2022 |  |  | — |  |  |  | 12 |
Voting Preferred Stock |  | March 3, 2022 |  | March 23, 2022 |  | April 15, 2022 |  |  | — |  |  |  | 2 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 3, 2022 |  | March 17, 2022 |  | April 4, 2022 |  |  | 42.00 |  |  |  | 9,075 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  |  | 9,089 |
| * | Dividends were declared based on total amount paid up.
Disclosure of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration Explanatory | The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2021:
|  | (in million pesos) |
Consolidated unappropriated retained earnings available for dividends as at December 31, 2020 |  |  | 25,652 |
Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments |  |  | 6,429 |
Parent Company’s unappropriated retained earnings available for dividends at beginning of the year |  |  | 32,081 |
Less: Cumulative unrealized income – net of tax: |  |  |  |
Fair value adjustments of investment property resulting to gain |  |  | (1,145 | )
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) |  |  | (2,362 | )
Fair value adjustments (mark-to-market gains) |  |  | (3,440 | )
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021 |  |  | 25,134 |
Parent Company’s net income for the year |  |  | 22,944 |
Less: Fair value adjustment of investment property resulting to gain |  |  | (27 | )
Fair value adjustments (mark-to-market gains) |  |  | (771 | )
|  |  | 22,146 |
Less: Cash dividends declared during the year |  |  |  |
Preferred stock |  |  | (59 | )
Common stock |  |  | (17,717 | )
|  |  | (17,776 | )
Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2021 |  |  | 29,504 |

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