XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.1

Earnings Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings per share [abstract] |
Earnings Per Common Share | 8. Earnings Per Common Share The following table presents information necessary to calculate the EPS for the years ended December 31, 2023, 2022 and 2021:
|  | 2023 |  |  | 2022 (1) |  |  | 2021 (1) |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
|  | (in million pesos) |
Net income attributable to equity holders of PLDT from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 26,655 |  |  |  | 26,655 |  |  |  | 11,085 |  |  |  | 11,085 |  |  |  | 26,488 |  |  |  | 26,488 |
Discontinued operations (Note 2) |  |  | (41 | ) |  |  | (41 | ) |  |  | (600 | ) |  |  | (600 | ) |  |  | (121 | ) |  |  | (121 | )
Consolidated net income attributable to common shares |  |  | 26,614 |  |  |  | 26,614 |  |  |  | 10,485 |  |  |  | 10,485 |  |  |  | 26,367 |  |  |  | 26,367 |
Dividends on preferred shares (Note 19) |  |  | (59 | ) |  |  | (59 | ) |  |  | (59 | ) |  |  | (59 | ) |  |  | (59 | ) |  |  | (59 | )
Consolidated net income attributable to common equity holders of PLDT |  |  | 26,555 |  |  |  | 26,555 |  |  |  | 10,426 |  |  |  | 10,426 |  |  |  | 26,308 |  |  |  | 26,308 |
|  | (in thousands, except per share amounts which are in pesos) |
Outstanding common shares at beginning of period |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |
Weighted average number of common shares |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |  |  |  | 216,056 |
EPS from continuing operations |  |  | 123.10 |  |  |  | 123.10 |  |  |  | 51.03 |  |  |  | 51.03 |  |  |  | 122.32 |  |  |  | 122.32 |
EPS from discontinued operations (Note 2) |  |  | (0.19 | ) |  |  | (0.19 | ) |  |  | (2.77 | ) |  |  | (2.77 | ) |  |  | (0.56 | ) |  |  | (0.56 | )
EPS attributable to common equity holders of PLDT (Note 5) |  |  | 122.91 |  |  |  | 122.91 |  |  |  | 48.26 |  |  |  | 48.26 |  |  |  | 121.76 |  |  |  | 121.76 |
(1) To be comparable with 2023, certain amounts for the years ended December 31, 2022 and 2021 have been reclassified to reflect the discontinued operations of certain ePLDT subsidiaries. See Note 2 – Summary of Material Accounting Policies – Discontinued Operations for further discussion. Basic EPS amounts are calculated by dividing our consolidated net income for the period attributable to common equity holders of PLDT (consolidated net income adjusted for dividends on all series of preferred shares, except for dividends on preferred stock subject to mandatory redemption) by the weighted average number of common shares issued and outstanding during the year. Diluted EPS amounts are calculated in the same manner assuming that, at the beginning of the year or at the time of issuance during the year, all outstanding options are exercised, and convertible preferred shares are converted to common shares, and appropriate adjustments to our consolidated net income are effected for the related income and expenses on preferred shares. Outstanding stock options will have a dilutive effect only when the average market price of the underlying common share during the year exceeds the exercise price of the stock option. Convertible preferred shares are deemed dilutive when required dividends declared on each series of convertible preferred shares divided by the number of equivalent common shares, assuming such convertible preferred shares are converted to common shares, decreases the basic EPS. As such, the diluted EPS is calculated by dividing our consolidated net income attributable to common shareholders (consolidated net income, adding back any dividends and/or other charges recognized for the year related to the dilutive convertible preferred shares classified as liability, less dividends on non-dilutive preferred shares except for dividends on preferred stock subject to mandatory redemption) by the weighted average number of common shares excluding the weighted average number of common shares held as treasury shares, and including the common shares equivalent arising from the conversion of the dilutive convertible preferred shares and from the mandatory tender offer for all remaining Digitel shares. Where the effect of the assumed conversion of the preferred shares and the exercise of all outstanding options has an anti-dilutive effect, basic and diluted EPS are stated at the same amount.

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS33_g70-73A_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfEarningsPerShareExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_EarningsPerShareAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration