TME: Tencent Music Entertainment Group Financial Statements
Balance sheet, income statement, and cash flow statements for Tencent Music Entertainment Group (TME).
$29.51B Market Cap.
TME Market Cap. (MRY)
TME Shares Outstanding (MRY)
TME Assets (MRY)
Total Assets
$90.44B
Total Liabilities
$20.72B
Total Investments
$43.94B
TME Income (MRY)
Revenue
$28.40B
Net Income
$6.64B
Operating Expense
$4.51B
TME Cash Flow (MRY)
CF Operations
$10.72B
CF Investing
-$6.82B
CF Financing
-$3.83B
TME Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $90,444,000,000 (19.74%) | $75,536,000,000 (12.73%) | $67,009,000,000 (-0.36%) | $67,254,000,000 (-1.49%) |
Assets Current | $34,544,000,000 (15.39%) | $29,936,000,000 (12.72%) | $26,559,000,000 (-0.87%) | $26,791,000,000 (-15.45%) |
Assets Non-Current | $55,900,000,000 (22.59%) | $45,600,000,000 (12.73%) | $40,450,000,000 (-0.03%) | $40,463,000,000 (10.60%) |
Goodwill & Intangible Assets | $24,060,000,000 (0.20%) | $24,011,000,000 (-1.36%) | $24,341,000,000 (3.82%) | $23,445,000,000 (20.16%) |
Shareholders Equity | $67,863,000,000 (21.39%) | $55,907,000,000 (16.23%) | $48,099,000,000 (-4.41%) | $50,317,000,000 (-3.69%) |
Property Plant & Equipment Net | $1,098,000,000 (28.12%) | $857,000,000 (18.86%) | $721,000,000 (37.07%) | $526,000,000 (8.01%) |
Cash & Equivalents | $13,175,000,000 (-3.11%) | $13,598,000,000 (41.81%) | $9,589,000,000 (45.49%) | $6,591,000,000 (-40.77%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $3,275,000,000 (9.09%) | $3,002,000,000 (31.90%) | $2,276,000,000 (18.54%) | $1,920,000,000 (13.88%) |
Total Investments | $43,940,000,000 (47.38%) | $29,814,000,000 (16.19%) | $25,660,000,000 (-12.24%) | $29,238,000,000 (-3.26%) |
Investments Current | $14,045,000,000 (40.82%) | $9,974,000,000 (-11.95%) | $11,328,000,000 (-18.12%) | $13,835,000,000 (-7.12%) |
Investments Non-Current | $29,895,000,000 (50.68%) | $19,840,000,000 (38.43%) | $14,332,000,000 (-6.95%) | $15,403,000,000 (0.49%) |
Inventory | $23,000,000 (187.50%) | $8,000,000 (-42.86%) | $14,000,000 (-41.67%) | $24,000,000 (33.33%) |
Trade & Non-Trade Receivables | $3,508,000,000 (20.22%) | $2,918,000,000 (9.29%) | $2,670,000,000 (-26.04%) | $3,610,000,000 (28.93%) |
Trade & Non-Trade Payables | $6,879,000,000 (37.42%) | $5,006,000,000 (0.16%) | $4,998,000,000 (13.03%) | $4,422,000,000 (19.48%) |
Accumulated Retained Earnings (Deficit) | $20,051,000,000 (18.16%) | $16,969,000,000 (40.80%) | $12,052,000,000 (-15.09%) | $14,194,000,000 (27.75%) |
Tax Assets | $422,000,000 (19.89%) | $352,000,000 (1.44%) | $347,000,000 (0.29%) | $346,000,000 (14.19%) |
Tax Liabilities | $1,132,000,000 (40.45%) | $806,000,000 (31.06%) | $615,000,000 (-3.00%) | $634,000,000 (-10.70%) |
Total Debt | $6,051,000,000 (0.05%) | $6,048,000,000 (1.39%) | $5,965,000,000 (11.31%) | $5,359,000,000 (-2.49%) |
Debt Current | $2,260,000,000 (1865.22%) | $115,000,000 (-6.50%) | $123,000,000 (33.70%) | $92,000,000 (-10.68%) |
Debt Non-Current | $3,791,000,000 (-36.10%) | $5,933,000,000 (1.56%) | $5,842,000,000 (10.92%) | $5,267,000,000 (-2.34%) |
Total Liabilities | $20,718,000,000 (13.00%) | $18,334,000,000 (2.53%) | $17,882,000,000 (10.39%) | $16,199,000,000 (4.23%) |
Liabilities Current | $16,550,000,000 (37.76%) | $12,014,000,000 (2.53%) | $11,717,000,000 (12.12%) | $10,450,000,000 (8.83%) |
Liabilities Non-Current | $4,168,000,000 (-34.05%) | $6,320,000,000 (2.51%) | $6,165,000,000 (7.24%) | $5,749,000,000 (-3.22%) |
TME Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $28,401,000,000 (2.34%) | $27,752,000,000 (-2.07%) | $28,339,000,000 (-9.30%) | $31,244,000,000 (7.17%) |
Cost of Revenue | $16,376,000,000 (-8.80%) | $17,957,000,000 (-8.22%) | $19,566,000,000 (-10.41%) | $21,840,000,000 (10.02%) |
Selling General & Administrative Expense | $4,676,000,000 (-6.82%) | $5,018,000,000 (-9.70%) | $5,557,000,000 (-16.90%) | $6,687,000,000 (19.92%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $4,511,000,000 (-5.79%) | $4,788,000,000 (-5.02%) | $5,041,000,000 (-17.82%) | $6,134,000,000 (17.64%) |
Interest Expense | $94,000,000 (-33.33%) | $141,000,000 (30.56%) | $108,000,000 (-10.74%) | $121,000,000 (24.74%) |
Income Tax Expense | $1,603,000,000 (94.30%) | $825,000,000 (54.49%) | $534,000,000 (28.06%) | $417,000,000 (-8.55%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $7,109,000,000 (36.19%) | $5,220,000,000 (35.97%) | $3,839,000,000 (19.41%) | $3,215,000,000 (-23.01%) |
Net Income to Non-Controlling Interests | $465,000,000 (55.00%) | $300,000,000 (85.19%) | $162,000,000 (-12.90%) | $186,000,000 (785.71%) |
Net Income | $6,644,000,000 (35.04%) | $4,920,000,000 (33.80%) | $3,677,000,000 (21.39%) | $3,029,000,000 (-27.10%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $6,644,000,000 (35.04%) | $4,920,000,000 (33.80%) | $3,677,000,000 (21.39%) | $3,029,000,000 (-27.10%) |
Weighted Average Shares | $5,199,359,267 (10.29%) | $4,714,460,257 (-1.04%) | $4,764,165,354 (-5.76%) | $5,055,148,298 (8.00%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $8,341,000,000 (41.71%) | $5,886,000,000 (36.28%) | $4,319,000,000 (21.08%) | $3,567,000,000 (-24.24%) |
Gross Profit | $12,025,000,000 (22.77%) | $9,795,000,000 (11.65%) | $8,773,000,000 (-6.71%) | $9,404,000,000 (1.10%) |
Operating Income | $7,514,000,000 (50.07%) | $5,007,000,000 (34.16%) | $3,732,000,000 (14.13%) | $3,270,000,000 (-20.01%) |
TME Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$6,818,000,000 (-265.97%) | -$1,863,000,000 (-28.84%) | -$1,446,000,000 (75.90%) | -$5,999,000,000 (57.77%) |
Net Cash Flow from Financing | -$3,830,000,000 (-149.02%) | -$1,538,000,000 (55.02%) | -$3,419,000,000 (7.84%) | -$3,710,000,000 (-170.11%) |
Net Cash Flow from Operations | $10,717,000,000 (43.76%) | $7,455,000,000 (-2.26%) | $7,627,000,000 (42.03%) | $5,370,000,000 (8.59%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$373,000,000 (-109.48%) | $3,936,000,000 (50.46%) | $2,616,000,000 (158.52%) | -$4,470,000,000 (-10.95%) |
Net Cash Flow - Business Acquisitions and Disposals | -$293,000,000 (-1623.53%) | -$17,000,000 (97.24%) | -$617,000,000 (82.64%) | -$3,555,000,000 (-40.68%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$5,506,000,000 (-704.97%) | -$684,000,000 (-410.91%) | $220,000,000 (-29.94%) | $314,000,000 (102.81%) |
Capital Expenditure | -$319,000,000 (-93.33%) | -$165,000,000 (-94.12%) | -$85,000,000 (46.54%) | -$159,000,000 (-47.22%) |
Issuance (Repayment) of Debt Securities | -$134,000,000 (-15.52%) | -$116,000,000 (10.77%) | -$130,000,000 (-12.07%) | -$116,000,000 (-102.18%) |
Issuance (Purchase) of Equity Shares | -$1,769,000,000 (-48.41%) | -$1,192,000,000 (60.91%) | -$3,049,000,000 (9.66%) | -$3,375,000,000 (-11737.93%) |
Payment of Dividends & Other Cash Distributions | -$1,508,000,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$30,000,000 (-139.47%) | $76,000,000 (-78.16%) | $348,000,000 (619.40%) | -$67,000,000 (75.09%) |
Share Based Compensation | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
TME Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 42.30% (19.83%) | 35.30% (13.87%) | 31.00% (2.99%) | 30.10% (-5.64%) |
Profit Margin | 23.40% (32.20%) | 17.70% (36.15%) | 13.00% (34.02%) | 9.70% (-32.17%) |
EBITDA Margin | 29.40% (38.68%) | 21.20% (39.47%) | 15.20% (33.33%) | 11.40% (-29.19%) |
Return on Average Equity (ROAE) | 10.70% (16.30%) | 9.20% (19.48%) | 7.70% (30.51%) | 5.90% (-30.59%) |
Return on Average Assets (ROAA) | 8.00% (17.65%) | 6.80% (23.64%) | 5.50% (22.22%) | 4.50% (-33.82%) |
Return on Sales (ROS) | 29.40% (38.68%) | 21.20% (39.47%) | 15.20% (33.33%) | 11.40% (-29.19%) |
Return on Invested Capital (ROIC) | 22.30% (14.36%) | 19.50% (21.88%) | 16.00% (50.94%) | 10.60% (-44.50%) |
Dividend Yield | 1.20% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 19.27 (-4.68%) | 20.21 (-19.44%) | 25.09 (4.17%) | 24.09 (-52.14%) |
Price to Sales Ratio (P/S) | 7.58 (39.77%) | 5.43 (11.85%) | 4.85 (36.76%) | 3.55 (-64.88%) |
Price to Book Ratio (P/B) | 3.17 (17.86%) | 2.69 (-5.77%) | 2.86 (29.79%) | 2.2 (-60.93%) |
Debt to Equity Ratio (D/E) | 0.3 (-7.01%) | 0.33 (-11.83%) | 0.37 (15.53%) | 0.32 (8.42%) |
Earnings Per Share (EPS) | 4.3 (36.08%) | 3.16 (37.39%) | 2.3 (26.37%) | 1.82 (-27.20%) |
Sales Per Share (SPS) | 1.5 (-9.87%) | 1.66 (-2.69%) | 1.71 (-11.60%) | 1.93 (1.36%) |
Free Cash Flow Per Share (FCFPS) | 4 (29.32%) | 3.09 (-2.31%) | 3.17 (53.54%) | 2.06 (-0.24%) |
Book Value Per Share (BVPS) | 26.1 (10.06%) | 23.72 (17.46%) | 20.19 (1.43%) | 19.91 (-10.83%) |
Tangible Assets Book Value Per Share (TABVPS) | 25.54 (16.82%) | 21.86 (22.03%) | 17.91 (3.35%) | 17.33 (-16.82%) |
Enterprise Value Over EBIT (EV/EBIT) | 25 (0.00%) | 25 (-19.35%) | 31 (0.00%) | 31 (-50.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 25.07 (2.10%) | 24.55 (-21.47%) | 31.27 (0.32%) | 31.17 (-49.47%) |
Asset Turnover | 0.34 (-10.70%) | 0.38 (-10.09%) | 0.43 (-7.99%) | 0.46 (-3.54%) |
Current Ratio | 2.09 (-16.25%) | 2.49 (9.93%) | 2.27 (-11.58%) | 2.56 (-22.30%) |
Dividends | $0.14 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $10,398,000,000 (42.63%) | $7,290,000,000 (-3.34%) | $7,542,000,000 (44.73%) | $5,211,000,000 (7.73%) |
Enterprise Value (EV) | $28,646,004,724 (40.52%) | $20,385,364,769 (5.20%) | $19,376,912,994 (11.54%) | $17,372,320,421 (-60.88%) |
Earnings Before Tax (EBT) | $8,247,000,000 (43.55%) | $5,745,000,000 (36.43%) | $4,211,000,000 (22.20%) | $3,446,000,000 (-25.27%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $8,341,000,000 (41.71%) | $5,886,000,000 (36.28%) | $4,319,000,000 (21.08%) | $3,567,000,000 (-24.24%) |
Invested Capital | $42,710,000,000 (33.63%) | $31,961,000,000 (16.96%) | $27,327,000,000 (-14.94%) | $32,127,000,000 (-4.18%) |
Working Capital | $17,994,000,000 (0.40%) | $17,922,000,000 (20.75%) | $14,842,000,000 (-9.17%) | $16,341,000,000 (-26.01%) |
Tangible Asset Value | $66,384,000,000 (28.84%) | $51,525,000,000 (20.76%) | $42,668,000,000 (-2.60%) | $43,809,000,000 (-10.16%) |
Market Capitalization | $29,506,363,840 (38.93%) | $21,238,643,458 (7.68%) | $19,723,644,566 (13.92%) | $17,313,882,921 (-61.55%) |
Average Equity | $61,885,000,000 (15.46%) | $53,599,500,000 (12.25%) | $47,748,250,000 (-6.49%) | $51,064,000,000 (4.93%) |
Average Assets | $82,990,000,000 (14.44%) | $72,517,750,000 (9.02%) | $66,517,250,000 (-1.39%) | $67,451,500,000 (10.96%) |
Invested Capital Average | $37,335,500,000 (23.76%) | $30,167,500,000 (11.81%) | $26,980,500,000 (-19.67%) | $33,588,500,000 (36.31%) |
Shares | 5,199,359,267 (10.29%) | 4,714,460,257 (-1.04%) | 4,764,165,354 (-5.76%) | 5,055,148,298 (8.00%) |
