Second Generating Company of the Electric Power Wholesale Market (MOEX: OGKB)

OGKB Income Statement

Financials in millions RUB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Revenue	141,982	141,574	120,687	134,579	143,227	141,308
Revenue Growth (YoY)	4.07%	17.31%	-10.32%	-6.04%	1.36%	5.14%
Fuel & Purchased Power	72,276	74,172	58,134	67,725	75,296	79,264
Operations & Maintenance	4,178	3,941	3,908	3,920	4,305	4,058
Selling, General & Admin	6,514	6,372	9,217	8,958	6,075	5,875
Depreciation & Amortization	12,035	13,114	13,185	13,365	12,970	11,265
Other Operating Expenses	17,537	17,605	18,464	18,170	21,520	20,469
Total Operating Expenses	112,540	115,204	102,908	112,138	120,166	120,931
Operating Income	29,442	26,370	17,779	22,441	23,061	20,376
Interest Expense	-3,183	-2,232	-2,567	-3,560	-3,813	-5,511
Interest Income	2,616	1,179	551	1,065	477	445.22
Net Interest Expense	-567	-1,053	-2,016	-2,495	-3,336	-5,065
Income (Loss) on Equity Investments	15	-390	824	-	-	-
Currency Exchange Gain (Loss)	21	121	-429	246	-	-27.63
Other Non-Operating Income (Expenses)	-823	-529	93	-159	-225	-113.2
EBT Excluding Unusual Items	28,088	24,519	16,251	20,033	19,500	15,170
Gain (Loss) on Sale of Investments	-292	179	-802	-456	-1,756	-3,597
Gain (Loss) on Sale of Assets	-68	-385	4,223	-202	-1,071	-963.74
Asset Writedown	-18,697	-18,697	-2,510	-4,321	-3,953	851.83
Other Unusual Items	-	-	-	-	-2,327	-1,313
Pretax Income	9,031	5,616	17,162	15,054	10,393	10,148
Income Tax Expense	2,061	1,181	3,897	3,029	2,088	2,947
Earnings From Continuing Ops.	6,970	4,435	13,265	12,025	8,305	7,201
Minority Interest in Earnings	-2	-	-1	-3	-	-
Net Income	6,968	4,435	13,264	12,022	8,305	7,201
Net Income to Common	6,968	4,435	13,264	12,022	8,305	7,201
Net Income Growth	-55.37%	-66.56%	10.33%	44.76%	15.33%	127.19%
Shares Outstanding (Basic)	110,441	110,441	110,441	107,583	106,023	105,946
Shares Outstanding (Diluted)	110,441	110,441	110,441	107,583	106,023	105,946
Shares Change (YoY)	0.00%	-	2.66%	1.47%	0.07%	0.10%
EPS (Basic)	0.06	0.04	0.12	0.11	0.08	0.07
EPS (Diluted)	0.06	0.04	0.12	0.11	0.08	0.07
EPS Growth	-55.37%	-66.56%	7.48%	42.66%	15.25%	126.98%
Free Cash Flow	15,911	18,227	11,959	18,425	17,638	14,659
Free Cash Flow Per Share	0.14	0.17	0.11	0.17	0.17	0.14
Dividend Per Share	-	-	0.060	0.054	0.037	0.016
Dividend Growth	-	-	10.29%	48.01%	125.41%	97.73%
Profit Margin	4.91%	3.13%	10.99%	8.93%	5.80%	5.10%
Free Cash Flow Margin	11.21%	12.87%	9.91%	13.69%	12.31%	10.37%
EBITDA	41,099	38,922	30,349	35,536	35,940	31,501
EBITDA Margin	28.95%	27.49%	25.15%	26.41%	25.09%	22.29%
D&A For EBITDA	11,657	12,552	12,570	13,095	12,879	11,125
EBIT	29,442	26,370	17,779	22,441	23,061	20,376
EBIT Margin	20.74%	18.63%	14.73%	16.67%	16.10%	14.42%
Effective Tax Rate	22.82%	21.03%	22.71%	20.12%	20.09%	29.04%

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