REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI: RENE)

RENE Income Statement

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
Operating Revenue	963.32	947.88	785.65	803.53	724.15	749.73
Other Revenue	1.45	1.45	1.43	1.77	1.16	3.05
Revenue	964.77	949.34	787.08	805.31	725.31	752.78
Revenue Growth (YoY)	7.61%	20.62%	-2.26%	11.03%	-3.65%	8.87%
Operations & Maintenance	17.06	17.06	17.77	20.31	20.73	16.88
Selling, General & Admin	1.2	1.2	1.08	1.21	0.94	0.97
Depreciation & Amortization	254.51	253.2	249.28	241.94	241.17	235.63
Other Operating Expenses	477.75	442.7	307.88	346.82	260.21	273.77
Total Operating Expenses	750.51	714.16	576.01	610.29	523.04	527.24
Operating Income	214.26	235.18	211.07	195.02	202.27	225.53
Interest Expense	-77.93	-65.96	-49.22	-45.83	-56.53	-62.42
Interest Income	46.16	36.96	17.23	10.9	10.23	9.62
Net Interest Expense	-31.77	-29	-31.98	-34.93	-46.3	-52.79
Income (Loss) on Equity Investments	11.96	12.85	11.81	6.43	7.5	8.98
Currency Exchange Gain (Loss)	-3.07	-3.07	-3.99	-2.32	-0.27	-
Other Non-Operating Income (Expenses)	12.21	7.76	8.59	13.39	18.92	18.42
EBT Excluding Unusual Items	203.58	223.72	195.49	177.59	182.12	200.14
Impairment of Goodwill	-0.38	-0.38	-0.38	-0.38	-0.38	-0.38
Asset Writedown	-2.11	-3.1	-1.06	-0.94	0.46	-1.67
Other Unusual Items	-28.52	-28.36	-28.02	-27.04	-28.1	-24.4
Pretax Income	172.57	191.89	166.03	149.23	154.11	173.69
Income Tax Expense	35.35	42.66	54.26	52.08	44.86	54.8
Net Income	137.22	149.24	111.77	97.15	109.25	118.9
Net Income to Common	137.22	149.24	111.77	97.15	109.25	118.9
Net Income Growth	8.39%	33.52%	15.05%	-11.07%	-8.12%	2.75%
Shares Outstanding (Basic)	634	663	663	663	663	663
Shares Outstanding (Diluted)	634	663	663	663	663	663
Shares Change (YoY)	-4.48%	-	-	-	-	-
EPS (Basic)	0.22	0.22	0.17	0.15	0.16	0.18
EPS (Diluted)	0.22	0.22	0.17	0.15	0.16	0.18
EPS Growth	13.47%	33.52%	15.05%	-11.07%	-8.12%	2.75%
Free Cash Flow	308.89	-375.09	607.2	695.2	362.28	338.89
Free Cash Flow Per Share	0.49	-0.57	0.92	1.05	0.55	0.51
Dividend Per Share	0.090	0.154	0.154	0.154	0.171	0.171
Dividend Growth	-41.56%	0%	0%	-9.94%	0%	0%
Profit Margin	14.22%	15.72%	14.20%	12.06%	15.06%	15.79%
Free Cash Flow Margin	32.02%	-39.51%	77.15%	86.33%	49.95%	45.02%
EBITDA	468.76	488.38	460.34	436.96	443.43	461.16
EBITDA Margin	48.59%	51.44%	58.49%	54.26%	61.14%	61.26%
D&A For EBITDA	254.51	253.2	249.28	241.94	241.17	235.63
EBIT	214.26	235.18	211.07	195.02	202.27	225.53
EBIT Margin	22.21%	24.77%	26.82%	24.22%	27.89%	29.96%
Effective Tax Rate	20.48%	22.23%	32.68%	34.90%	29.11%	31.55%
Revenue as Reported	1,010	991.18	824.68	838.35	758.33	786.76

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