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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	616.58	603.33	532.69	529.02	447.13	439
Revenue Growth (YoY)	2.23%	13.26%	0.69%	18.32%	1.85%	38.74%
Selling, General & Admin	62.91	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	462.49	499.29	459.14	416.75	247.49	352.73
Total Operating Expenses	525.14	550.81	525.59	456.35	287.38	400.42
Operating Income	91.44	52.52	7.1	72.68	159.75	38.58
Interest Expense	-0.25	-0.31	-0.4	-1.31	-5.23	-6.72
Interest Income	49.43	61.92	52.53	25.03	26.91	35.17
Net Interest Expense	49.18	61.61	52.13	23.72	21.68	28.44
Other Non-Operating Income (Expenses)	23.57	15.55	50.55	105.76	106.26	60.5
EBT Excluding Unusual Items	164.18	129.68	109.78	202.16	287.68	127.52
Gain (Loss) on Sale of Investments	4.78	4.87	4.99	5.3	-	-
Gain (Loss) on Sale of Assets	0.77	0.77	11.34	0.3	-	0.5
Asset Writedown	32.92	32.92	2.05	10.95	-	-
Legal Settlements	-38.59	-8.9	-49.96	-27.8	-16.64	-4.22
Other Unusual Items	-	-	-	-0.78	-	-
Pretax Income	164.06	159.34	78.19	190.13	271.05	123.8
Income Tax Expense	19.69	8.86	10.17	40.21	72.56	31.16
Net Income	144.37	150.48	68.02	149.92	198.49	92.64
Net Income to Common	144.37	150.48	68.02	149.92	198.49	92.64
Net Income Growth	56.33%	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)	3.91	4.07	1.84	4.06	5.37	2.51
EPS (Diluted)	3.91	4.07	1.84	4.06	5.37	2.51
EPS Growth	56.33%	121.25%	-54.63%	-24.47%	114.26%	-8.75%
Free Cash Flow	104.04	90.05	56.41	95.69	104.98	144.39
Free Cash Flow Per Share	2.82	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	23.41%	24.94%	12.77%	28.34%	44.39%	21.10%
Free Cash Flow Margin	16.87%	14.93%	10.59%	18.09%	23.48%	32.89%
EBITDA	98.36	59.61	12.92	78.43	165.75	44.34
EBITDA Margin	15.95%	9.88%	2.43%	14.82%	37.07%	10.10%
D&A For EBITDA	6.92	7.09	5.82	5.75	6	5.76
EBIT	91.44	52.52	7.1	72.68	159.75	38.58
EBIT Margin	14.83%	8.71%	1.33%	13.74%	35.73%	8.79%
Effective Tax Rate	12.00%	5.56%	13.01%	21.15%	26.77%	25.17%

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