Company Description
PLDT Inc. (PHTCF) is a foreign private issuer that files reports with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934. The company is organized in the Republic of the Philippines and refers to itself and its consolidated subsidiaries as the “PLDT Group” in its regulatory reports. PLDT Inc. prepares consolidated financial statements and management discussion and analysis that follow Philippine Financial Reporting Standards, which it notes are virtually converged with International Financial Reporting Standards as issued by the International Accounting Standards Board.
In its SEC and Philippine regulatory filings, PLDT Inc. reports consolidated financial information in Philippine pesos and discusses performance indicators such as revenues, expenses, net income, EBITDA, core income, and what it terms “telco core income.” The company presents segment information for “Wireless,” “Fixed Line,” and “Others,” and provides detailed breakdowns of service revenues, non-service revenues, expenses, other income (expenses), and income tax provisions for these segments. It also discloses liquidity and capital resources, including operating, investing, and financing activities, as well as off-balance sheet arrangements, equity financing, contractual obligations and commercial commitments, and quantitative and qualitative disclosures about market risks.
PLDT Inc. states that it is incorporated in the Republic of the Philippines and that its securities are listed on the Philippine Stock Exchange. In its quarterly report submitted to the Philippine Securities and Exchange Commission and the Philippine Stock Exchange, the company identifies common capital stock with a par value in Philippine pesos and confirms that these securities are listed on the Philippine Stock Exchange. The filings also show that PLDT Inc. has been subject to Philippine filing requirements and has filed the reports required under the Philippine Securities Regulation Code and related rules.
The company’s consolidated statements of financial position disclose total assets, property and equipment, cash and cash equivalents and short-term investments, total equity attributable to equity holders of PLDT, and long-term debt (including current portion). PLDT Inc. also presents a net debt to equity ratio. Its financial highlights and key performance indicators table summarizes changes in revenues, expenses, other expenses, income before income tax, net income, core income, telco core income, EBITDA, and earnings per common share over comparative periods.
PLDT Inc. files current reports on Form 6-K with the U.S. SEC pursuant to Rule 13a-16 or 15d-16. These 6-K filings often incorporate disclosure letters that the company files with the Philippine Stock Exchange and the Philippine Securities and Exchange Commission. Examples in the record include disclosure letters related to the separation of officers of the company and announcements of cash dividends declared out of unaudited unrestricted retained earnings as of a specified date, where the company states that such retained earnings are sufficient to cover the total amount of the dividend declared.
In its quarterly report filed with the Philippine Securities and Exchange Commission, PLDT Inc. provides a table of contents that outlines its financial information and other disclosures. This includes consolidated financial statements, management’s discussion and analysis of financial condition and results of operations, financial highlights and key performance indicators, performance indicators, an overview section, management’s financial review, results of operations by segment, liquidity and capital resources, changes in financial condition, off-balance sheet arrangements, equity financing, contractual obligations and commercial commitments, and market risk disclosures. The report also includes annexes on the aging of accounts receivable and financial soundness indicators.
PLDT Inc. identifies itself as a registrant whose securities are registered under Philippine law and confirms that its common capital stock is listed on the Philippine Stock Exchange. It indicates that it has a defined fiscal year end and an annual meeting schedule, and it reports the number of stockholders as of a particular date. The company also designates officers as contact persons for regulatory purposes, providing their roles and contact details in the filings.
Through its segment reporting for Wireless, Fixed Line, and Others, and its use of measures such as EBITDA, core income, and telco core income, PLDT Inc. gives investors a structured view of how it evaluates performance across its consolidated operations. Its regular Form 6-K submissions to the U.S. SEC and Form 17-Q submissions to Philippine regulators demonstrate ongoing compliance with reporting obligations in both jurisdictions.
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