Vestas Wind Systems A/S (VWDRY)

Vestas Wind Systems Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,817	3,318	2,378	2,420	3,063
Short-Term Investments	160	3	-	116	111
Cash & Short-Term Investments	3,977	3,321	2,378	2,536	3,174
Cash Growth	19.75%	39.66%	-6.23%	-20.10%	3.69%
Accounts Receivable	3,846	3,082	2,679	2,758	2,313
Other Receivables	1,732	1,483	1,272	1,207	1,102
Receivables	5,578	4,565	3,951	3,965	3,415
Inventory	6,008	6,530	6,373	5,673	5,289
Other Current Assets	526	505	926	690	369
Total Current Assets	16,089	14,921	13,628	12,864	12,247
Property, Plant & Equipment	2,353	1,911	1,752	2,091	2,022
Long-Term Investments	841	790	829	790	226
Goodwill	1,513	1,507	1,514	1,508	1,274
Other Intangible Assets	1,872	1,696	1,551	1,554	1,614
Long-Term Deferred Tax Assets	722	795	497	378	335
Other Long-Term Assets	1,254	894	319	463	442
Total Assets	24,644	22,514	20,090	19,648	18,160
Accounts Payable	4,129	3,738	4,089	4,286	3,608
Current Portion of Long-Term Debt	4	9	106	560	377
Current Portion of Leases	196	154	142	144	110
Current Income Taxes Payable	141	176	58	75	86
Current Unearned Revenue	8,997	7,995	6,937	6,180	5,613
Other Current Liabilities	2,013	1,948	2,181	1,455	1,438
Total Current Liabilities	15,480	14,020	13,513	12,700	11,232
Long-Term Debt	2,205	2,649	1,828	331	531
Long-Term Leases	866	575	351	401	336
Long-Term Deferred Tax Liabilities	179	164	158	362	158
Other Long-Term Liabilities	2,372	2,064	1,180	1,157	1,200
Total Liabilities	21,102	19,472	17,030	14,951	13,457
Common Stock	27	27	27	27	27
Retained Earnings	3,580	3,102	3,002	4,635	4,773
Comprehensive Income & Other	-78	-102	15	22	-146
Total Common Equity	3,529	3,027	3,044	4,684	4,654
Minority Interest	13	15	16	13	49
Shareholders' Equity	3,542	3,042	3,060	4,697	4,703
Total Liabilities & Equity	24,644	22,514	20,090	19,648	18,160
Total Debt	3,271	3,387	2,427	1,436	1,354
Net Cash (Debt)	706	-66	-49	1,100	1,820
Net Cash Growth	-	-	-	-39.56%	-18.79%
Net Cash Per Share	0.70	-0.07	-0.05	1.09	1.85
Filing Date Shares Outstanding	1,006	1,006	1,006	1,005	1,004
Total Common Shares Outstanding	1,006	1,006	1,006	1,005	1,004
Working Capital	609	901	115	164	1,015
Book Value Per Share	3.51	3.01	3.03	4.66	4.63
Tangible Book Value	144	-176	-21	1,622	1,766
Tangible Book Value Per Share	0.14	-0.17	-0.02	1.61	1.76
Land	1,094	1,059	1,135	1,135	1,166
Machinery	3,395	3,057	2,882	2,882	2,626
Construction In Progress	445	247	136	136	169
Order Backlog	68,400	60,100	49,500	45,900	42,900

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