Equity (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017 are as follows:

	2018			2017
			(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

⁽¹⁾ Includes 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php3 billion, of which Php360 million has been paid.

Summary of Dividends Declared

Our dividends declared for the years ended December 31, 2018, 2017 and 2016 are detailed as follows:

December 31, 2018

	Date			Amount
Class	Approved	Record	Payable	Per Share		Total
				(in million pesos, except per share amounts)
Cumulative Convertible Preferred Stock
Series JJ	June 13, 2018	June 28, 2018	June 29, 2018		1.00		—
Cumulative Non-Convertible    Redeemable Preferred Stock
Series IV*	January 22, 2018	February 21, 2018	March 15, 2018		—		12
	May 10, 2018	May 25, 2018	June 15, 2018		—		12
	August 9, 2018	August 28, 2018	September 15, 2018		—		13
	November 8, 2018	November 23, 2018	December 15, 2018		—		12
							49
Voting Preferred Stock	March 8, 2018	March 28, 2018	April 15, 2018		—		3
	June 13, 2018	June 29, 2018	July 15, 2018		—		2
	September 25, 2018	October 9, 2018	October 15, 2018		—		2
	December 4, 2018	December 19, 2018	January 15, 2019		—		3
							10
Common Stock
Regular Dividend	March 27, 2018	April 13, 2018	April 27, 2018		28.00		6,050
	August 9, 2018	August 28, 2018	September 11, 2018		36.00		7,778
							13,828
Charged to retained earnings							13,887

* Dividends were declared based on total amount paid up.

December 31, 2017

	Date			Amount
Class	Approved	Record	Payable	Per Share		Total
				(in million pesos, except per share amounts)
Cumulative Convertible Preferred Stock
Series JJ	May 12, 2017	June 1, 2017	June 30, 2017		1.00		—
Cumulative Non-Convertible    Redeemable Preferred Stock
Series IV*	February 7, 2017	February 24, 2017	March 15, 2017		—		12
	May 12, 2017	May 26, 2017	June 15, 2017		—		12
	August 10, 2017	August 25, 2017	September 15, 2017		—		13
	November 9, 2017	November 28, 2017	December 15, 2017		—		12
							49
Voting Preferred Stock	March 7, 2017	March 30, 2017	April 15, 2017		—		3
	June 13, 2017	June 27, 2017	July 15, 2017		—		2
	September 26, 2017	October 10, 2017	October 15, 2017		—		2
	December 5, 2017	December 20, 2017	January 15, 2018		—		3
							10
Common Stock
Regular Dividend	March 7, 2017	March 21, 2017	April 6, 2017		28.00		6,049
	August 10, 2017	August 25, 2017	September 8, 2017		48.00		10,371
							16,420
Charged to retained earnings							16,479

* Dividends were declared based on total amount paid up.

December 31, 2016

	Date			Amount
Class	Approved	Record	Payable	Per Share		Total
				(in million pesos, except per share amounts)
Cumulative Convertible Preferred Stock
Series II (Final Dividends)	April 12, 2016	February 10, 2016	May 11, 2016	0.0027/day			—
Series JJ	May 3, 2016	June 2, 2016	June 30, 2016		1.00		—
							—
Cumulative Non-Convertible    Redeemable Preferred Stock
Series IV*	January 26, 2016	February 24, 2016	March 15, 2016		—		12
	May 3, 2016	May 24, 2016	June 15, 2016		—		12
	August 2, 2016	August 18, 2016	September 15, 2016		—		12
	November 14, 2016	November 28, 2016	December 15, 2016		—		12
							48
Voting Preferred Stock	February 29, 2016	March 30, 2016	April 15, 2016		—		3
	June 14, 2016	June 30, 2016	July 15, 2016		—		3
	August 30, 2016	September 20, 2016	October 15, 2016		—		2
	December 6, 2016	December 20, 2016	January 15, 2017		—		3
							11
Common Stock
Regular Dividend	February 29, 2016	March 14, 2016	April 1, 2016		57.00		12,315
	August 2, 2016	August 16, 2016	September 1, 2016		49.00		10,587
							22,902
Charged to retained earnings							22,961

* Dividends were declared based on total amount paid up.

Our dividends declared after December 31, 2018 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 29, 2019	February 22, 2019	March 15, 2019		—		12
Voting Preferred Stock	March 7, 2019	March 27, 2019	April 15, 2019		—		3
Common Stock
Regular Dividend	March 21, 2019	April 4, 2019	April 23, 2019		36.00		7,778
Charged to retained earnings							7,793

* Dividends were declared based on total amount paid up.

Summary of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration

The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2018:

	(in million pesos)
Consolidated unappropriated retained earnings as at December 31, 2017		1,157
Effect of IAS 27 adjustments		33,995
Parent Company’s unappropriated retained earnings at beginning of the year		35,152
Effect of adoption of IFRS 9 and IFRS 15		129
Parent Company’s unappropriated retained earnings at beginning of the year, as restated		35,281
Less: Cumulative unrealized income – net of tax:
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents)		(523	)
Fair value adjustments of investment property resulting to gain		(778	)
Fair value adjustments (mark-to-market gains)		(3,182	)
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2018		30,798
Parent Company’s net income for the year		11,159
Less: Fair value adjustment of investment property resulting to gain		(110	)
Fair value adjustments (mark-to-market gains)		(258	)
		10,791
Less: Cash dividends declared during the year
Preferred stock		(59	)
Common stock		(13,828	)
		(13,887	)
Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2018		27,702