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Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 are as follows:
|  | 2023 |  |  | 2022 |
|  | (in millions) |
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) 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which Php 360 million has been paid.
Summary of Dividends Declared | Our dividends declared for the years ended December 31, 2023, 2022 and 2021 are detailed as follows: December 31, 2023
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series IV (1) |  | January 31, 2023 |  | February 27, 2023 |  | March 15, 2023 |  |  | — |  |  |  | 12 |
|  | May 4, 2023 |  | May 19, 2023 |  | June 15, 2023 |  |  | — |  |  |  | 12 |
|  | August 3, 2023 |  | August 19, 2023 |  | September 15, 2023 |  |  | — |  |  |  | 13 |
|  | November 7, 2023 |  | November 22, 2023 |  | December 15, 2023 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 2, 2023 |  | March 17, 2023 |  | April 15, 2023 |  |  | — |  |  |  | 3 |
|  | June 13, 2023 |  | June 28, 2023 |  | July 15, 2023 |  |  | — |  |  |  | 3 |
|  | August 29, 2023 |  | September 13, 2023 |  | October 15, 2023 |  |  | — |  |  |  | 2 |
|  | December 5, 2023 |  | December 22, 2023 |  | January 15, 2024 |  |  | — |  |  |  | 2 |
|  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 23, 2023 |  | April 11, 2023 |  | April 24, 2023 |  |  | 45.00 |  |  |  | 9,722 |
|  | August 3, 2023 |  | August 17, 2023 |  | September 4, 2023 |  |  | 49.00 |  |  |  | 10,587 |
Special Dividend |  | March 23, 2023 |  | April 11, 2023 |  | April 24, 2023 |  |  | 14.00 |  |  |  | 3,025 |
|  |  |  |  |  |  |  |  |  |  |  | 23,334 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 23,393 |
(1) Dividends were declared based on total amount paid up. December 31, 2022
|  | Date |  | Amount |
Class |  | Approved |  | Record |  | Payable |  | Per Share |  |  | Total |
|  |  |  |  |  |  |  | (in million pesos, except per share amounts) |
Cumulative Non-Convertible Redeemable Preferred Stock |  |  |  |  |  |  |  |  |  |  |  |
Series IV (1) |  | January 25, 2022 |  | February 21, 2022 |  | March 15, 2022 |  |  | — |  |  |  | 12 |
|  | May 5, 2022 |  | May 20, 2022 |  | June 15, 2022 |  |  | — |  |  |  | 13 |
|  | August 4, 2022 |  | August 19, 2022 |  | September 15, 2022 |  |  | — |  |  |  | 12 |
|  | November 3, 2022 |  | November 18, 2022 |  | December 15, 2022 |  |  | — |  |  |  | 12 |
|  |  |  |  |  |  |  |  |  |  |  | 49 |
Voting Preferred Stock |  | March 3, 2022 |  | March 23, 2022 |  | April 15, 2022 |  |  | — |  |  |  | 2 |
|  | June 14, 2022 |  | June 30, 2022 |  | July 15, 2022 |  |  | — |  |  |  | 2 |
|  | August 24, 2022 |  | September 15, 2022 |  | October 15, 2022 |  |  | — |  |  |  | 3 |
|  | December 15, 2022 |  | December 29, 2022 |  | January 15, 2023 |  |  | — |  |  |  | 3 |
|  |  |  |  |  |  |  |  |  |  |  | 10 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 3, 2022 |  | March 17, 2022 |  | April 4, 2022 |  |  | 42.00 |  |  |  | 9,075 |
|  | August 4, 2022 |  | August 18, 2022 |  | September 5, 2022 |  |  | 47.00 |  |  |  | 10,155 |
Special Dividend |  | August 4, 2022 |  | August 18, 2022 |  | September 5, 2022 |  |  | 28.00 |  |  |  | 6,049 |
|  |  |  |  |  |  |  |  |  |  |  | 25,279 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 25,338 |
(1) Dividends were declared based on total amount paid up. 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 (1) |  | 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 |
(1) Dividends were declared based on total amount paid up. Our dividends declared after December 31, 2023 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 (1) |  | January 30, 2024 |  | February 14, 2024 |  | March 15, 2024 |  |  | — |  |  |  | 12 |
Voting Preferred Stock |  | March 21, 2024 |  | April 5, 2024 |  | April 15, 2024 |  |  | — |  |  |  | 2 |
Common Stock |  |  |  |  |  |  |  |  |  |  |  |
Regular Dividend |  | March 7, 2024 |  | March 21, 2024 |  | April 5, 2024 |  |  | 46 |  |  |  | 9,939 |
Charged to retained earnings |  |  |  |  |  |  |  |  |  |  |  | 9,953 |
(1) 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, 2023:
|  | (in million pesos) |
Parent Company's unappropriated retained earnings available for dividends at beginning of the year |  |  | 25,009 |
Adjustments: Unrealized gains in prior years: |  |  |
Fair value adjustments of investment property resulting to gain |  |  | (1,267 | )
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) |  |  | (2,362 | )
Fair value adjustments (mark-to-market gains) |  |  | (5,684 | )
Parent Company's unappropriated retained earnings available for dividends as at January 1, 2023 |  | 15,696 |
Add: Net income actually earned/realized during the year |  |
Parent Company’s net income for the year |  |  |  | 27,836 |
Less: Non-actual/unrealized income - net of tax |  |  |
Unrealized foreign exchange gain - net (except those attributable to cash and cash equivalent) |  |  |  | (228 | )
Fair value adjustment of investment property resulting to gain |  |  |  | (118 | )
Fair value adjustments (mark-to-market gains) |  |  | (942 | )
Net movement of deferred tax assets - others |  |  | (2,196 | )
|  |  | 24,352 |
Less: Cash dividends declared during the year |  |  |
Preferred stock |  |  | (59 | )
Common stock |  |  | (23,334 | )
|  |  | (23,393 | )
Parent Company's unappropriated retained earnings available for dividends as at December 31, 2023 |  |  | 16,655 |

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