Equity (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020 are as follows:

	2021		2020
	(in million pesos)
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

Summary of Dividends Declared

Our dividends declared for years ended December 31, 2021, 2020 and 2019 are detailed as follows:

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*	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

* Dividends were declared based on total amount paid up.

December 31, 2020

	Date			Amount
Class	Approved	Record	Payable	Per Share		Total
				(in million pesos, except per share amounts)
Cumulative Convertible    Redeemable Preferred Stock
Series JJ	April 8, 2020	February 11, 2020	May 12, 2020	0.0027/day			—
Cumulative Non-Convertible    Redeemable Preferred Stock
Series IV*	January 28, 2020	February 24, 2020	March 15, 2020		—		12
	May 7, 2020	May 21, 2020	June 15, 2020		—		13
	August 6, 2020	August 20, 2020	September 15, 2020		—		12
	November 5, 2020	November 19, 2020	December 15, 2020		—		12
							49
Voting Preferred Stock	March 5, 2020	March 25, 2020	April 15, 2020		—		3
	June 9, 2020	June 24, 2020	July 15, 2020		—		2
	September 29, 2020	October 13, 2020	October 15, 2020		—		2
	December 3, 2020	December 18, 2020	January 15, 2021		—		3
							10
Common Stock
Regular Dividend	March 5, 2020	March 19, 2020	April 3, 2020		39.00		8,426
	August 6, 2020	August 20, 2020	September 4, 2020		38.00		8,210
							16,636
Charged to retained earnings							16,695

* Dividends were declared based on total amount paid up.

December 31, 2019

	Date			Amount
Class	Approved	Record	Payable	Per Share		Total
				(in million pesos, except per share amounts)
Cumulative Convertible    Redeemable Preferred Stock
Series JJ	May 9, 2019	May 31, 2019	June 28, 2019		1.00		—
Cumulative Non-Convertible    Redeemable Preferred Stock
Series IV*	January 29, 2019	February 22, 2019	March 15, 2019		—		12
	May 9, 2019	May 24, 2019	June 15, 2019		—		12
	August 8, 2019	August 27, 2019	September 15, 2019		—		13
	November 7, 2019	November 22, 2019	December 15, 2019		—		12
							49
Voting Preferred Stock	March 7, 2019	March 27, 2019	April 15, 2019		—		3
	June 11, 2019	June 28, 2019	July 15, 2019		—		2
	September 24, 2019	October 8, 2019	October 15, 2019		—		2
	December 3, 2019	December 18, 2019	January 15, 2019		—		3
							10
Common Stock
Regular Dividend	March 21, 2019	April 4, 2019	April 23, 2019		36.00		7,778
	August 8, 2019	August 27, 2019	September 10, 2019		36.00		7,778
							15,556
Charged to retained earnings							15,615

*Dividends were declared based on total amount paid up.

Our dividends declared after December 31, 2021 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	January 25, 2022	February 21, 2022	March 15, 2022		—		12
Voting Preferred Stock	March 3, 2022	March 23, 2022	April 15, 2022		—		2
Common Stock
Regular Dividend	March 3, 2022	March 17, 2022	April 4, 2022		42.00		9,075
Charged to retained earnings							9,089

* 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, 2021:

	(in million pesos)
Consolidated unappropriated retained earnings available for dividends as at December 31, 2020		25,652
Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments		6,429
Parent Company’s unappropriated retained earnings available for dividends at beginning of the year		32,081
Less: Cumulative unrealized income – net of tax:
Fair value adjustments of investment property resulting to gain		(1,145	)
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents)		(2,362	)
Fair value adjustments (mark-to-market gains)		(3,440	)
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021		25,134
Parent Company’s net income for the year		22,944
Less: Fair value adjustment of investment property resulting to gain		(27	)
Fair value adjustments (mark-to-market gains)		(771	)
		22,146
Less: Cash dividends declared during the year
Preferred stock		(59	)
Common stock		(17,717	)
		(17,776	)
Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2021		29,504