CPFL Energia S.A. (BVMF: CPFE3)

CPFL Energia Income Statement

Financials in millions BRL. 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
Revenue	41,222	39,743	39,354	39,210	30,898	29,932
Revenue Growth (YoY)	3.21%	0.99%	0.37%	26.90%	3.23%	6.38%
Selling, General & Admin	2,068	2,020	1,807	1,422	1,415	1,379
Depreciation & Amortization	1,958	1,894	1,713	1,453	1,378	1,393
Amortization of Goodwill & Intangibles	362.83	355.35	318.33	298.19	287.73	288.44
Provision for Bad Debts	411.9	277.45	318.63	338.71	227.34	233.42
Other Operating Expenses	25,923	24,799	25,278	28,655	22,714	22,086
Total Operating Expenses	30,723	29,346	29,436	32,167	26,022	25,379
Operating Income	10,499	10,397	9,918	7,043	4,876	4,553
Interest Expense	-1,951	-1,809	-1,576	-742.14	-769.2	-1,105
Interest Income	858.2	993.83	815.45	504.9	471.82	575.69
Net Interest Expense	-1,093	-815.6	-760.33	-237.25	-297.39	-529.12
Income (Loss) on Equity Investments	329.54	318.71	490.53	521.81	409.61	349.09
Currency Exchange Gain (Loss)	-1,532	-1,532	-2,331	224.41	2,336	65.42
Other Non-Operating Income (Expenses)	-286.71	-208.89	180.47	-779.65	-2,355	-262.56
EBT Excluding Unusual Items	7,917	8,159	7,498	6,773	4,970	4,176
Gain (Loss) on Sale of Assets	-180.39	-135.82	-177.99	-157.05	-140.73	-189.57
Asset Writedown	-	-	-	-	-31.94	-
Pretax Income	7,737	8,023	7,320	6,615	4,797	3,986
Income Tax Expense	2,222	2,486	2,101	1,762	1,090	1,238
Earnings From Continuing Ops.	5,514	5,537	5,219	4,854	3,707	2,748
Minority Interest in Earnings	-26.12	-10.06	-119.23	-105.7	-63.84	-45.63
Net Income	5,488	5,527	5,100	4,748	3,643	2,703
Net Income to Common	5,488	5,527	5,100	4,748	3,643	2,703
Net Income Growth	2.25%	8.38%	7.40%	30.33%	34.80%	31.32%
Shares Outstanding (Basic)	1,152	1,152	1,152	1,152	1,152	1,088
Shares Outstanding (Diluted)	1,152	1,152	1,152	1,152	1,152	1,088
Shares Change (YoY)	-	-	-	-	5.92%	6.87%
EPS (Basic)	4.76	4.80	4.43	4.12	3.16	2.48
EPS (Diluted)	4.76	4.80	4.43	4.12	3.16	2.47
EPS Growth	2.25%	8.38%	7.40%	30.33%	27.91%	22.71%
Free Cash Flow	6,159	8,222	8,606	3,324	5,852	5,579
Free Cash Flow Per Share	5.35	7.14	7.47	2.88	5.08	5.13
Dividend Per Share	2.754	2.754	2.102	3.940	1.502	1.801
Dividend Growth	31.00%	31.00%	-46.64%	162.35%	-16.61%	275.06%
Profit Margin	13.31%	13.91%	12.96%	12.11%	11.79%	9.03%
Free Cash Flow Margin	14.94%	20.69%	21.87%	8.48%	18.94%	18.64%
EBITDA	12,819	12,646	11,950	8,795	6,542	6,234
EBITDA Margin	31.10%	31.82%	30.36%	22.43%	21.17%	20.83%
D&A For EBITDA	2,320	2,250	2,031	1,751	1,666	1,681
EBIT	10,499	10,397	9,918	7,043	4,876	4,553
EBIT Margin	25.47%	26.16%	25.20%	17.96%	15.78%	15.21%
Effective Tax Rate	28.73%	30.98%	28.70%	26.63%	22.73%	31.06%

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