Vestas Wind Systems A/S (CPH: VWS)

Vestas Wind Systems Balance Sheet

Financials in millions EUR. 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
Cash & Equivalents	2,197	3,318	2,378	2,420	3,063	2,888
Short-Term Investments	159	3	-	116	111	173
Cash & Short-Term Investments	2,356	3,321	2,378	2,536	3,174	3,061
Cash Growth	38.59%	39.66%	-6.23%	-20.10%	3.69%	-8.35%
Accounts Receivable	3,475	3,082	2,679	2,758	2,313	1,988
Other Receivables	1,341	1,483	1,272	1,207	1,102	877
Receivables	4,816	4,565	3,951	3,965	3,415	2,865
Inventory	6,899	6,530	6,373	5,673	5,289	4,098
Other Current Assets	711	505	926	690	369	418
Total Current Assets	14,782	14,921	13,628	12,864	12,247	10,442
Property, Plant & Equipment	2,152	1,911	1,752	2,091	2,022	1,671
Long-Term Investments	813	790	829	790	226	445
Goodwill	1,504	1,507	1,514	1,508	1,274	386
Other Intangible Assets	1,801	1,696	1,551	1,554	1,614	822
Long-Term Deferred Tax Assets	969	795	497	378	335	324
Other Long-Term Assets	900	894	319	463	442	241
Total Assets	22,921	22,514	20,090	19,648	18,160	14,331
Accounts Payable	3,917	3,738	4,089	4,286	3,608	3,119
Current Portion of Long-Term Debt	187	9	106	560	377	101
Current Portion of Leases	-	154	142	144	110	58
Current Income Taxes Payable	92	176	58	75	86	128
Current Unearned Revenue	8,676	7,995	6,937	6,180	5,613	5,020
Other Current Liabilities	1,689	1,948	2,181	1,455	1,438	921
Total Current Liabilities	14,561	14,020	13,513	12,700	11,232	9,347
Long-Term Debt	3,139	2,822	1,828	331	531	521
Long-Term Leases	-	402	351	401	336	140
Long-Term Deferred Tax Liabilities	159	164	158	362	158	147
Other Long-Term Liabilities	2,143	2,064	1,180	1,157	1,200	831
Total Liabilities	20,002	19,472	17,030	14,951	13,457	10,986
Common Stock	27	27	27	27	27	27
Retained Earnings	2,978	3,102	3,002	4,635	4,773	3,333
Comprehensive Income & Other	-98	-102	15	22	-146	-67
Total Common Equity	2,907	3,027	3,044	4,684	4,654	3,293
Minority Interest	12	15	16	13	49	52
Shareholders' Equity	2,919	3,042	3,060	4,697	4,703	3,345
Total Liabilities & Equity	22,921	22,514	20,090	19,648	18,160	14,331
Total Debt	3,326	3,387	2,427	1,436	1,354	820
Net Cash (Debt)	-970	-66	-49	1,100	1,820	2,241
Net Cash Growth	-	-	-	-39.56%	-18.79%	-21.15%
Net Cash Per Share	-0.99	-0.07	-0.05	1.09	1.85	2.26
Filing Date Shares Outstanding	1,009	1,006	1,006	1,005	1,004	976.71
Total Common Shares Outstanding	1,009	1,006	1,006	1,005	1,004	976.71
Working Capital	221	901	115	164	1,015	1,095
Book Value Per Share	2.88	3.01	3.03	4.66	4.63	3.37
Tangible Book Value	-398	-176	-21	1,622	1,766	2,085
Tangible Book Value Per Share	-0.39	-0.17	-0.02	1.61	1.76	2.13
Land	-	1,059	1,135	1,135	1,166	1,202
Machinery	-	3,057	2,882	2,882	2,626	2,387
Construction In Progress	-	247	136	136	169	139
Order Backlog	-	60,100	49,500	45,900	42,900	33,800

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