Telecom Egypt Company (EGX: ETEL)

Telecom Egypt Company Balance Sheet

Financials in millions EGP. 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
Cash & Equivalents	7,368	10,978	6,811	2,983	2,003	1,433
Short-Term Investments	-	-	-	-	-	25.83
Cash & Short-Term Investments	7,368	10,978	6,811	2,983	2,003	1,459
Cash Growth	-24.91%	61.17%	128.31%	48.91%	37.31%	46.16%
Accounts Receivable	16,468	10,405	8,075	6,036	7,366	5,326
Other Receivables	5,657	4,253	3,396	2,441	3,081	3,829
Receivables	22,125	14,659	11,718	8,478	10,447	9,157
Inventory	6,747	5,081	4,281	2,342	2,092	2,354
Other Current Assets	5,166	3,642	3,411	2,301	3,146	2,434
Total Current Assets	41,440	34,360	26,221	16,104	17,689	15,404
Property, Plant & Equipment	93,141	79,215	61,195	51,518	45,291	36,557
Long-Term Investments	17,932	14,968	12,260	11,001	12,381	10,898
Goodwill	-	15.84	15.84	15.84	15.84	15.84
Other Intangible Assets	27,821	21,148	19,480	10,491	8,860	10,104
Long-Term Accounts Receivable	1,289	857.86	-	-	-	-
Long-Term Deferred Tax Assets	3,138	-	-	167.81	131.96	213.19
Other Long-Term Assets	108.89	74.87	67.92	48.2	53.33	60.07
Total Assets	184,869	150,640	119,240	89,345	84,423	73,251
Accounts Payable	8,964	8,198	6,048	8,912	2,151	2,001
Accrued Expenses	9,505	8,583	7,653	4,839	3,861	3,528
Short-Term Debt	-	-	-	56.49	-	-
Current Portion of Long-Term Debt	46,803	29,616	10,415	5,333	17,009	11,666
Current Portion of Leases	306.08	253.44	291.51	119.29	-	-
Current Income Taxes Payable	-	-	-	1,239	718.95	577.05
Current Unearned Revenue	5,227	1,734	1,387	1,097	1,218	803.74
Other Current Liabilities	19,226	19,031	17,901	5,077	9,693	7,940
Total Current Liabilities	90,032	67,416	43,695	26,673	34,652	26,516
Long-Term Debt	33,991	19,726	20,411	10,988	3,278	4,786
Long-Term Leases	987.39	809.09	820.86	737.24	-	-
Long-Term Unearned Revenue	4,896	379.75	325.13	243.99	273.58	308.31
Long-Term Deferred Tax Liabilities	-	1,449	1,482	3,161	2,392	1,462
Other Long-Term Liabilities	11,499	9,975	6,237	4,242	5,065	4,958
Total Liabilities	141,407	99,755	72,972	46,046	45,661	38,030
Common Stock	17,071	17,071	17,071	17,071	17,071	17,071
Retained Earnings	22,087	30,295	25,992	26,272	21,675	18,120
Comprensive Income & Other	4,290	3,502	3,190	-55.66	-0.57	14.3
Total Common Equity	43,448	50,867	46,253	43,287	38,745	35,205
Minority Interest	14.91	17.97	15.16	12.5	16.03	15.8
Shareholders' Equity	43,463	50,885	46,268	43,300	38,761	35,221
Total Liabilities & Equity	184,869	150,640	119,240	89,345	84,423	73,251
Total Debt	82,088	50,404	31,938	17,234	20,287	16,452
Net Cash (Debt)	-74,720	-39,426	-25,127	-14,251	-18,284	-14,993
Net Cash Per Share	-43.77	-23.10	-14.72	-8.35	-10.71	-8.78
Filing Date Shares Outstanding	1,707	1,707	1,707	1,707	1,707	1,707
Total Common Shares Outstanding	1,707	1,707	1,707	1,707	1,707	1,707
Working Capital	-48,592	-33,056	-17,474	-10,569	-16,963	-11,112
Book Value Per Share	25.45	29.80	27.09	25.36	22.70	20.62
Tangible Book Value	15,627	29,703	26,756	32,780	29,870	25,086
Tangible Book Value Per Share	9.15	17.40	15.67	19.20	17.50	14.70
Land	2,410	2,395	2,394	2,392	2,344	2,355
Buildings	57,761	52,990	45,937	40,760	37,733	33,715
Machinery	61,479	53,370	44,652	36,955	40,021	32,694
Construction In Progress	24,217	16,977	9,063	6,955	6,582	6,829

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