Jordan Electric Power Company (ASE: JOEP)

JOEP Income Statement

Financials in millions JOD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,051	1,001	961.97	899.77	901.16	982.3
Other Revenue	12.5	13.26	12.62	7.48	6.44	-
Revenue	1,063	1,015	974.59	907.25	907.6	982.3
Revenue Growth (YoY)	5.76%	4.12%	7.42%	-0.04%	-7.60%	0.44%
Fuel & Purchased Power	888.68	838.38	798.51	751.27	762.53	-
Operations & Maintenance	0.84	0.84	0.91	0.63	0.7	0.64
Selling, General & Admin	84.88	84.28	88.77	87.59	82.16	83.09
Depreciation & Amortization	30.27	28.51	27.17	26.59	25.94	27.56
Amortization of Goodwill & Intangibles	5.32	4.88	5.15	2.56	2.44	-
Provision for Bad Debts	8.1	12.1	12	6.7	-	-
Other Operating Expenses	3.95	3.7	3.85	0.84	1.48	840.68
Total Operating Expenses	1,022	972.7	936.36	876.17	875.25	951.97
Operating Income	41.09	42.05	38.23	31.07	32.35	30.33
Interest Expense	-44.49	-45.03	-32.82	-32.72	-32.15	-27.73
Interest Income	7.27	9.33	7.66	8.8	7.07	7.39
Net Interest Expense	-37.21	-35.69	-25.15	-23.92	-25.08	-20.35
Income (Loss) on Equity Investments	5.51	5.51	1.95	-	-	-0.06
Currency Exchange Gain (Loss)	0.01	0.01	-0.01	-0.02	0.02	-0
Other Non-Operating Income (Expenses)	13.81	11.1	7.07	6.67	7.36	1.19
EBT Excluding Unusual Items	23.21	22.96	22.08	13.81	14.65	11.11
Gain (Loss) on Sale of Investments	-0.57	-0.57	1.5	1.56	-1.84	0.17
Gain (Loss) on Sale of Assets	-	-	-	0.01	-	0.47
Legal Settlements	-	-	-0.5	-1	0.33	-
Pretax Income	22.64	22.39	23.08	14.37	13.13	11.75
Income Tax Expense	6.01	5.17	8.02	4.29	3.37	1.91
Earnings From Continuing Ops.	16.63	17.22	15.06	10.08	9.76	9.85
Minority Interest in Earnings	-	-	-	-	-	-0.01
Net Income	16.63	17.22	15.06	10.08	9.76	9.83
Net Income to Common	16.63	17.22	15.06	10.08	9.76	9.83
Net Income Growth	10.42%	14.37%	49.44%	3.26%	-0.76%	4.43%
Shares Outstanding (Basic)	92	92	92	92	92	92
Shares Outstanding (Diluted)	92	92	92	92	92	92
EPS (Basic)	0.18	0.19	0.16	0.11	0.11	0.11
EPS (Diluted)	0.18	0.19	0.16	0.11	0.11	0.11
EPS Growth	12.50%	17.31%	51.23%	0%	-1.03%	4.16%
Free Cash Flow	8.78	42.43	119.83	37.69	-8.24	-74.63
Free Cash Flow Per Share	0.10	0.46	1.31	0.41	-0.09	-0.81
Dividend Per Share	0.170	0.170	0.096	0.086	0.047	0.068
Dividend Growth	76.72%	76.72%	11.21%	84.43%	-31.03%	-9.33%
Profit Margin	1.56%	1.70%	1.55%	1.11%	1.08%	1.00%
Free Cash Flow Margin	0.83%	4.18%	12.30%	4.15%	-0.91%	-7.60%
EBITDA	71.43	72.77	67.52	59.71	60.32	57.48
EBITDA Margin	6.72%	7.17%	6.93%	6.58%	6.65%	5.85%
D&A For EBITDA	30.33	30.72	29.3	28.64	27.96	27.15
EBIT	41.09	42.05	38.23	31.07	32.35	30.33
EBIT Margin	3.87%	4.14%	3.92%	3.43%	3.56%	3.09%
Effective Tax Rate	26.53%	23.08%	34.74%	29.85%	25.67%	16.21%

Source: S&P Capital IQ. Utility template. Financial Sources.