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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	949.81	947.88	785.65	803.53	724.15	749.73
Other Revenue	4.7	1.45	1.43	1.77	1.16	3.05
Revenue	954.52	949.34	787.08	805.31	725.31	752.78
Revenue Growth (YoY)	10.43%	20.62%	-2.26%	11.03%	-3.65%	8.87%
Operations & Maintenance	15.82	17.06	17.77	20.31	20.73	16.88
Selling, General & Admin	1.19	1.2	1.08	1.21	0.94	0.97
Depreciation & Amortization	253.9	253.2	249.28	241.94	241.17	235.63
Other Operating Expenses	461.15	442.7	307.88	346.82	260.21	273.77
Total Operating Expenses	732.05	714.16	576.01	610.29	523.04	527.24
Operating Income	222.47	235.18	211.07	195.02	202.27	225.53
Interest Expense	-77.08	-65.96	-49.22	-45.83	-56.53	-62.42
Interest Income	43.42	36.96	17.23	10.9	10.23	9.62
Net Interest Expense	-33.66	-29	-31.98	-34.93	-46.3	-52.79
Income (Loss) on Equity Investments	11.68	12.85	11.81	6.43	7.5	8.98
Currency Exchange Gain (Loss)	-5.01	-3.07	-3.99	-2.32	-0.27	-
Other Non-Operating Income (Expenses)	8.45	7.76	8.59	13.39	18.92	18.42
EBT Excluding Unusual Items	203.93	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	-28.57	-28.36	-28.02	-27.04	-28.1	-24.4
Pretax Income	172.88	191.89	166.03	149.23	154.11	173.69
Income Tax Expense	38.07	42.66	54.26	52.08	44.86	54.8
Net Income	134.8	149.24	111.77	97.15	109.25	118.9
Net Income to Common	134.8	149.24	111.77	97.15	109.25	118.9
Net Income Growth	4.54%	33.52%	15.05%	-11.07%	-8.12%	2.75%
Shares Outstanding (Basic)	663	663	663	663	663	663
Shares Outstanding (Diluted)	663	663	663	663	663	663
EPS (Basic)	0.20	0.22	0.17	0.15	0.16	0.18
EPS (Diluted)	0.20	0.22	0.17	0.15	0.16	0.18
EPS Growth	4.54%	33.52%	15.05%	-11.07%	-8.12%	2.75%
Free Cash Flow	127.99	-375.09	607.2	695.2	362.28	338.89
Free Cash Flow Per Share	0.19	-0.57	0.92	1.05	0.55	0.51
Dividend Per Share	0.154	0.154	0.154	0.154	0.171	0.171
Dividend Growth	0%	0%	0%	-9.94%	0%	0%
Profit Margin	14.12%	15.72%	14.20%	12.06%	15.06%	15.79%
Free Cash Flow Margin	13.41%	-39.51%	77.15%	86.33%	49.95%	45.02%
EBITDA	476.37	488.38	460.34	436.96	443.43	461.16
EBITDA Margin	49.91%	51.44%	58.49%	54.26%	61.14%	61.26%
D&A For EBITDA	253.9	253.2	249.28	241.94	241.17	235.63
EBIT	222.47	235.18	211.07	195.02	202.27	225.53
EBIT Margin	23.31%	24.77%	26.82%	24.22%	27.89%	29.96%
Effective Tax Rate	22.02%	22.23%	32.68%	34.90%	29.11%	31.55%
Revenue as Reported	994.94	991.18	824.68	838.35	758.33	786.76

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