PLDT COMPANY

Group 14
John Yuri Vergara
Angelo Ace Cuanan
Anjet Macahine
Adrian Jay Pigte
 INTRODUCTION

In the Philippines, PLDT is the largest and most diverse

telecommunications group. Remain committed to serving the
country and providing the Filipinos with the greatest
communications and digital solutions despite if the rapid
advancement of technology.
The biggest fully integrated telco firm in the Philippines is PLDT. The
Philippines largest fiber optic backbone, fixed line and cellular networks,
as well as a variety of telecommunications and digital services are all
provided by PLDT Through its main business segments, which range from
fixed lines to wireless.
The Philippine Stock Exchange (PSE:TEL) and the New York Stock
Exchange both list PLDT’s American Depositary shares (NYSE:PHI). As one
of the firms listed in the Philippines, PLDT has one of the highest market
capitalizations.
 PLDT Inc.
Balance Sheet (In Millions PHP)
2021-12-31 2020-12-31 2019-12-31 2018-12-31 (FY
2017-12-31 (FY 4)
(FY) (FY 1) (FY 2) 3)
Cash and Equivalents 23,907.0 40,237.0 24,369.0 51,654.0 32,905.0
Short Term Invesments 9,512.0 8,329.0 11,307.0 9,777.0 1,174.0
Accounts Receivable, Net 23,475.0 23,852.0 24,433.0 26,241.0 33,761.0
Inventory 3,662.0 4,085.0 3,412.0 2,878.0 3,933.0
Prepaid Expense 12,707.0 10,657.0 11,298.0 8,380.0 9,633.0
Other Current Assets 668.0 278.0 758.0 644.0 8,263.0
Total Current Assets 73,931.0 87,438.0 75,577.0 99,574.0 89,669.0
Property Plant & Equipment 322,817.0 279,171.0 248,024.0 195,964.0 186,907.0
Long-term Investment 57,202.0 56,571.0 59,381.0 65,364.0 61,445.0
Goodwill 61,379.0 61,379.0 61,379.0 61,379.0 61,379.0
Other Intangibles 1,156.0 3,950.0 6,446.0 7,204.0 8,204.0
Other Long-term Assets 109,843.0 87,337.0 74,220.0 53,265.0 51,840.0
Total Non-current Assets 552,397.0 488,408.0 449,450.0 383,176.0 369,775.0
Total Assets 626,328.0 575,846.0 525,027.0 482,750.0 459,444.0
Accounts Payable 96,508.0 78,747.0 75,001.0 71,006.0 56,410.0
Accrued Expenses 88,649.0 92,477.0 85,421.0 82,564.0 76,888.0
Current Portion of LT Debt 11,508.0 17,614.0 19,753.0 20,441.0 14,957.0
Current Portion of Capital Leases 4,555.0 4,043.0 3,215.0 - -
Other Current Liabilities 15,212.0 12,807.0 13,207.0 10,735.0 11,966.0
Total Current Liabilities 216,432.0 205,688.0 196,597.0 184,746.0 160,221.0
Long-term debt 241,075.0 205,199.0 172,835.0 155,834.5 157,653.3
Capital Leases 17,131.0 15,982.0 13,100.0 0.5 0.7
Other Non-current Liabilities 16,383.0 21,463.0 18,354.0 17,641.0 22,516.0
Total Non-current Liabilities 274,589.0 242,644.0 204,289.0 173,476.0 180,170.0
Total Liabilities 491,021.0 448,332.0 400,886.0 358,222.0 340,391.0
Common Stock 1,093.0 1,093.0 1,093.0 1,093.0 1,093.0
Additional Paid in Capital 130,312.0 130,312.0 130,312.0 130,526.0 130,374.0
Retained Earnings 34,243.0 25,652.0 18,063.0 12,081.0 634.0
Treasury Stock (6,505.0) (6,526.0) (6,899.0) (7,359.0) (7,445.0)
Other Common Equity Adj (36,437.0) (35,633.0) (31,092.0) (24,493.0) (18,324.0)
Common Equity 122,706.0 114,898.0 111,477.0 111,848.0 106,332.0
Total Preferred Equity 8,352.0 8,359.0 8,361.0 8,372.0 8,380.0
Minority Test, Total 4,249.0 4,257.0 4,303.0 4,308.0 4,341.0
Other Equity - - - - -
Total Equity 135,307.0 127,514.0 124,141.0 124,528.0 119,053.0
 PLDT Inc.
Balance Sheet (Horizontal Analysis)
2021-12-31 (FY) 2020-12-31 (FY 1) Amount Change % Change 2019-12-31 (FY 2) Amount Change % Change 2018-12-31 (FY 3) Amount Change % Change 2017-12-31 (FY 4) Amount Change % Change
Cash and Equivalents 23,907.0 40,237.0 (16,330.0) -41% 24,369.0 15,868.0 65% 51,654.0 (27,285.0) -53% 32,905.0 18,749.0 57%
Short Term Invesments 9,512.0 8,329.0 1,183.0 14% 11,307.0 (2,978.0) -26% 9,777.0 (1,530.0) -16% 1,174.0 8,603.0 733%
Accounts Receivable, Net 23,475.0 23,852.0 (377.0) -2% 24,433.0 (581.0) -2% 26,241.0 1,808.0 7% 33,761.0 (7,520.0) -22%
Inventory 3,662.0 4,085.0 (423.0) -10% 3,412.0 673.0 20% 2,878.0 (534.0) -19% 3,933.0 (1,055.0) -27%
Prepaid Expense 12,707.0 10,657.0 2,050.0 19% 11,298.0 (641.0) -6% 8,380.0 (2,918.0) -35% 9,633.0 (1,253.0) -13%
Other Current Assets 668.0 278.0 390.0 140% 758.0 (480.0) -63% 644.0 (114.0) -18% 8,263.0 (7,619.0) -92%
Total Current Assets 73,931.0 87,438.0 (13,507.0) -15% 75,577.0 11,861.0 16% 99,574.0 23,997.0 24% 89,669.0 9,905.0 11%
Property Plant & Equipment 322,817.0 279,171.0 43,646.0 16% 248,024.0 31,147.0 13% 195,964.0 (52,060.0) -27% 186,907.0 9,057.0 5%
Long-term Investment 57,202.0 56,571.0 631.0 1% 59,381.0 (2,810.0) -5% 65,364.0 5,983.0 9% 61,445.0 3,919.0 6%
Goodwill 61,379.0 61,379.0 - 0% 61,379.0 - 0% 61,379.0 - 0% 61,379.0 - 0%
Other Intangibles 1,156.0 3,950.0 (2,794.0) -71% 6,446.0 (2,496.0) -39% 7,204.0 758.0 11% 8,204.0 (1,000.0) -12%
Other Long-term Assets 109,843.0 87,337.0 22,506.0 26% 74,220.0 13,117.0 18% 53,265.0 (20,955.0) -39% 51,840.0 1,425.0 3%
Total Non-current Assets 552,397.0 488,408.0 63,989.0 13% 449,450.0 38,958.0 9% 383,176.0 (66,274.0) -17% 369,775.0 13,401.0 4%
Total Assets 626,328.0 575,846.0 50,482.0 9% 525,027.0 50,819.0 10% 482,750.0 (42,277.0) -9% 459,444.0 23,306.0 5%
Accounts Payable 96,508.0 78,747.0 17,761.0 23% 75,001.0 3,746.0 5% 71,006.0 (3,995.0) -6% 56,410.0 14,596.0 26%
Accrued Expenses 88,649.0 92,477.0 (3,828.0) -4% 85,421.0 7,056.0 8% 82,564.0 (2,857.0) -3% 76,888.0 5,676.0 7%
Current Portion of LT Debt 11,508.0 17,614.0 (6,106.0) -35% 19,753.0 (2,139.0) -11% 20,441.0 688.0 3% 14,957.0 5,484.0 37%
Current Portion of Capital Leases 4,555.0 4,043.0 512.0 13% 3,215.0 828.0 26% - (3,215.0) 0% - - 0%
Other Current Liabilities 15,212.0 12,807.0 2,405.0 19% 13,207.0 (400.0) -3% 10,735.0 (2,472.0) -23% 11,966.0 (1,231.0) -10%
Total Current Liabilities 216,432.0 205,688.0 10,744.0 5% 196,597.0 9,091.0 5% 184,746.0 (11,851.0) -6% 160,221.0 24,525.0 15%
Long-term debt 241,075.0 205,199.0 35,876.0 17% 172,835.0 32,364.0 19% 155,834.5 (17,000.5) -11% 157,653.3 (1,818.8) -1%
Capital Leases 17,131.0 15,982.0 1,149.0 7% 13,100.0 2,882.0 22% 0.5 (13,099.5) -2619900% 0.7 (0.2) -29%
Other Non-current Liabilities 16,383.0 21,463.0 (5,080.0) -24% 18,354.0 3,109.0 17% 17,641.0 (713.0) -4% 22,516.0 (4,875.0) -22%
Total Non-current Liabilities 274,589.0 242,644.0 31,945.0 13% 204,289.0 38,355.0 19% 173,476.0 (30,813.0) -18% 180,170.0 (6,694.0) -4%
Total Liabilities 491,021.0 448,332.0 42,689.0 10% 400,886.0 47,446.0 12% 358,222.0 (42,664.0) -12% 340,391.0 17,831.0 5%
Common Stock 1,093.0 1,093.0 - 0% 1,093.0 - 0% 1,093.0 - 0% 1,093.0 - 0%
Additional Paid in Capital 130,312.0 130,312.0 - 0% 130,312.0 - 0% 130,526.0 214.0 0% 130,374.0 152.0 0%
Retained Earnings 34,243.0 25,652.0 8,591.0 33% 18,063.0 7,589.0 42% 12,081.0 (5,982.0) -50% 634.0 11,447.0 1806%
Treasury Stock (6,505.0) (6,526.0) 21.0 0% (6,899.0) 373.0 -5% (7,359.0) (460.0) 6% (7,445.0) 86.0 -1%
Other Common Equity Adj (36,437.0) (35,633.0) (804.0) 2% (31,092.0) (4,541.0) 15% (24,493.0) 6,599.0 -27% (18,324.0) (6,169.0) 34%
Common Equity 122,706.0 114,898.0 7,808.0 7% 111,477.0 3,421.0 3% 111,848.0 371.0 0% 106,332.0 5,516.0 5%
Total Preferred Equity 8,352.0 8,359.0 (7.0) 0% 8,361.0 (2.0) 0% 8,372.0 11.0 0% 8,380.0 (8.0) 0%
Minority Test, Total 4,249.0 4,257.0 (8.0) 0% 4,303.0 (46.0) -1% 4,308.0 5.0 0% 4,341.0 (33.0) -1%
Other Equity - - - 0% - - 0% - - 0% - - 0%
Total Equity 135,307.0 127,514.0 7,793.0 6% 124,141.0 3,373.0 3% 124,528.0 387.0 0% 119,053.0 5,475.0 5%
Total Liabilities & Equity 626,328.0 575,846.0 50,482.0 9% 525,027.0 50,819.0 10% 482,750.0 (42,277.0) -9% 459,444.0 23,306.0 5%
 PLDT Inc. (VERTICAL ANALYSIS)
Balance Sheet (In Millions PHP)
2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31
% % % % %
(FY) (FY 1) (FY 2) (FY 3) (FY 4)
Cash and Equivalents 23,907.0 3.82% 40,237.0 6.99% 24,369.0 4.64% 51,654.0 10.70% 32,905.0 7.16%
Short Term Invesments 9,512.0 1.52% 8,329.0 1.45% 11,307.0 2.15% 9,777.0 2.03% 1,174.0 0.26%
Accounts Receivable, Net 23,475.0 3.75% 23,852.0 4.14% 24,433.0 4.65% 26,241.0 5.44% 33,761.0 7.35%
Inventory 3,662.0 0.58% 4,085.0 0.71% 3,412.0 0.65% 2,878.0 0.60% 3,933.0 0.86%
Prepaid Expense 12,707.0 2.03% 10,657.0 1.85% 11,298.0 2.15% 8,380.0 1.74% 9,633.0 2.10%
Other Current Assets 668.0 0.11% 278.0 0.05% 758.0 0.14% 644.0 0.13% 8,263.0 1.80%
Total Current Assets 73,931.0 11.80% 87,438.0 15.18% 75,577.0 14.39% 99,574.0 20.63% 89,669.0 19.52%
Property Plant & Equipment 322,817.0 51.54% 279,171.0 48.48% 248,024.0 47.24% 195,964.0 40.59% 186,907.0 40.68%
Long-term Investment 57,202.0 9.13% 56,571.0 9.82% 59,381.0 11.31% 65,364.0 13.54% 61,445.0 13.37%
Goodwill 61,379.0 9.80% 61,379.0 10.66% 61,379.0 11.69% 61,379.0 12.71% 61,379.0 13.36%
Other Intangibles 1,156.0 0.18% 3,950.0 0.69% 6,446.0 1.23% 7,204.0 1.49% 8,204.0 1.79%
Other Long-term Assets 109,843.0 17.54% 87,337.0 15.17% 74,220.0 14.14% 53,265.0 11.03% 51,840.0 11.28%
Total Non-current Assets 552,397.0 88.20% 488,408.0 84.82% 449,450.0 85.61% 383,176.0 79.37% 369,775.0 80.48%
Total Assets 626,328.0 100.00% 575,846.0 100.00% 525,027.0 100.00% 482,750.0 100.00% 459,444.0 100.00%
Accounts Payable 96,508.0 15.41% 78,747.0 13.68% 75,001.0 14.29% 71,006.0 14.71% 56,410.0 12.28%
Accrued Expenses 88,649.0 14.15% 92,477.0 16.06% 85,421.0 16.27% 82,564.0 17.10% 76,888.0 16.74%
Current Portion of LT Debt 11,508.0 1.84% 17,614.0 3.06% 19,753.0 3.76% 20,441.0 4.23% 14,957.0 3.26%
Current Portion of Capital Leases 4,555.0 0.73% 4,043.0 0.70% 3,215.0 0.61% - 0.00% - 0.00%
Other Current Liabilities 15,212.0 2.43% 12,807.0 2.22% 13,207.0 2.52% 10,735.0 2.22% 11,966.0 2.60%
Total Current Liabilities 216,432.0 34.56% 205,688.0 35.72% 196,597.0 37.45% 184,746.0 38.27% 160,221.0 34.87%
Long-term debt 241,075.0 38.49% 205,199.0 35.63% 172,835.0 32.92% 155,834.5 32.28% 157,653.3 34.31%
Capital Leases 17,131.0 2.74% 15,982.0 2.78% 13,100.0 2.50% 0.5 0.00% 0.7 0.00%
Other Non-current Liabilities 16,383.0 2.62% 21,463.0 3.73% 18,354.0 3.50% 17,641.0 3.65% 22,516.0 4.90%
Total Non-current Liabilities 274,589.0 43.84% 242,644.0 42.14% 204,289.0 38.91% 173,476.0 35.93% 180,170.0 39.21%
Total Liabilities 491,021.0 78.40% 448,332.0 77.86% 400,886.0 76.36% 358,222.0 74.20% 340,391.0 74.09%
Common Stock 1,093.0 0.17% 1,093.0 0.19% 1,093.0 0.21% 1,093.0 0.23% 1,093.0 0.24%
Additional Paid in Capital 130,312.0 20.81% 130,312.0 22.63% 130,312.0 24.82% 130,526.0 27.04% 130,374.0 28.38%
Retained Earnings 34,243.0 5.47% 25,652.0 4.45% 18,063.0 3.44% 12,081.0 2.50% 634.0 0.14%
Treasury Stock (6,505.0) -1.04% (6,526.0) -1.13% (6,899.0) -1.31% (7,359.0) -1.52% (7,445.0) -1.62%
Other Common Equity Adj (36,437.0) -5.82% (35,633.0) -6.19% (31,092.0) -5.92% (24,493.0) -5.07% (18,324.0) -3.99%
Common Equity 122,706.0 19.59% 114,898.0 19.95% 111,477.0 21.23% 111,848.0 23.17% 106,332.0 23.14%
Total Preferred Equity 8,352.0 1.33% 8,359.0 1.45% 8,361.0 1.59% 8,372.0 1.73% 8,380.0 1.82%
Minority Test, Total 4,249.0 0.68% 4,257.0 0.74% 4,303.0 0.82% 4,308.0 0.89% 4,341.0 0.94%
Other Equity - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
Total Equity 135,307.0 21.60% 127,514.0 22.14% 124,141.0 23.64% 124,528.0 25.80% 119,053.0 25.91%
Total Liabilities & Equity 626,328.0 100.00% 575,846.0 100.00% 525,027.0 100.00% 482,750.0 100.00% 459,444.0 100.00%
RATIO ANALYSIS
Fiscal Year current ratio quick ratio debt-to-equity ratio
2021 0.34 0.31 3.63
2020 0.43 0.42 3.52
2019 0.38 0.37 3.23
2018 0.54 0.57 2.88
2017 0.56 0.51 2.86
 Current ratio
0.60
0.56
0.54
0.50

0.43
0.40
0.38
0.34

Ratio
0.30

0.20

0.10

0.00
2021 2020 2019 2018 2017
Fiscal Year
current ratio Poly. (current ratio)
 Debt-to-equity Ratio

4.50
4.00
3.50
3.63 3.52
3.00
3.23

Rati o
2.50 2.88 2.86
2.00
1.50
1.00
0.50
0.00
2021 2020 2019 2018 2017

Fiscal Years
debt-to-equity ratio
Power (debt-to-equity ratio)
 Quick Ratio
0.60
0.57

0.50 0.51

0.42
0.40
0.37

0.31

Ratio
0.30

0.20

0.10

0.00
2021 2020 2019 2018 2017
Fiscal Year

quick ratio Log. (quick ratio)

REFERENCE

https
://careers.pldt.com.ph/content/About-the-PLDT-Group/?locale=en
_US&fbclid=IwAR3kmBn-0rhGPejEl5PS0k0a_40YAx__
oCl0mi-6u09K_9L1X7MRZ7oPmQ8

https://main.pldt.com/about-us

https://finbox.com/PSE:TEL?fbclid=IwAR2EVN3WIbkfW273Ue
NtuJkeWLbRC0m2BUnJv3BwkKuXjSGb6tVN-SK0H2Q