Empresa Metropolitana de Águas e Energia S.A. (BVMF: EMAE4)

EMAE4 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	630.71	603.33	532.69	529.02	447.13	439
Revenue Growth (YoY)	11.91%	13.26%	0.69%	18.32%	1.85%	38.74%
Selling, General & Admin	61.45	51.78	64.51	38.1	38.06	47.69
Depreciation & Amortization	0.26	0.26	1.57	1.49	1.84	-
Provision for Bad Debts	-0.53	-0.53	0.37	-	-	-
Other Operating Expenses	488.97	499.29	459.14	416.75	247.49	352.73
Total Operating Expenses	550.15	550.81	525.59	456.35	287.38	400.42
Operating Income	80.56	52.52	7.1	72.68	159.75	38.58
Interest Expense	-0.27	-0.31	-0.4	-1.31	-5.23	-6.72
Interest Income	54.19	61.92	52.53	25.03	26.91	35.17
Net Interest Expense	53.92	61.61	52.13	23.72	21.68	28.44
Other Non-Operating Income (Expenses)	24.92	15.55	50.55	105.76	106.26	60.5
EBT Excluding Unusual Items	159.39	129.68	109.78	202.16	287.68	127.52
Gain (Loss) on Sale of Investments	4.81	4.87	4.99	5.3	-	-
Gain (Loss) on Sale of Assets	2.71	0.77	11.34	0.3	-	0.5
Asset Writedown	32.92	32.92	2.05	10.95	-	-
Legal Settlements	-14.6	-8.9	-49.96	-27.8	-16.64	-4.22
Other Unusual Items	-	-	-	-0.78	-	-
Pretax Income	185.23	159.34	78.19	190.13	271.05	123.8
Income Tax Expense	37.46	8.86	10.17	40.21	72.56	31.16
Net Income	147.78	150.48	68.02	149.92	198.49	92.64
Net Income to Common	147.78	150.48	68.02	149.92	198.49	92.64
Net Income Growth	113.13%	121.25%	-54.63%	-24.47%	114.26%	-8.75%
Shares Outstanding (Basic)	37	37	37	37	37	37
Shares Outstanding (Diluted)	37	37	37	37	37	37
EPS (Basic)	4.00	4.07	1.84	4.06	5.37	2.51
EPS (Diluted)	4.00	4.07	1.84	4.06	5.37	2.51
EPS Growth	113.13%	121.25%	-54.63%	-24.47%	114.26%	-8.75%
Free Cash Flow	94.8	90.05	56.41	95.69	104.98	144.39
Free Cash Flow Per Share	2.57	2.44	1.53	2.59	2.84	3.91
Dividend Per Share	1.848	1.848	2.033	1.352	1.900	0.785
Dividend Growth	-9.09%	-9.09%	50.36%	-28.83%	141.99%	-5.42%
Profit Margin	23.43%	24.94%	12.77%	28.34%	44.39%	21.10%
Free Cash Flow Margin	15.03%	14.93%	10.59%	18.09%	23.48%	32.89%
EBITDA	87.56	59.61	12.92	78.43	165.75	44.34
EBITDA Margin	13.88%	9.88%	2.43%	14.82%	37.07%	10.10%
D&A For EBITDA	7	7.09	5.82	5.75	6	5.76
EBIT	80.56	52.52	7.1	72.68	159.75	38.58
EBIT Margin	12.77%	8.71%	1.33%	13.74%	35.73%	8.79%
Effective Tax Rate	20.22%	5.56%	13.01%	21.15%	26.77%	25.17%

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