Palestine Telecommunications Company P.L.C (PEX: PALTEL)

PALTEL Balance Sheet

Financials in millions JOD. 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	32.62	44.22	65.05	94.83	46.59	38.77
Trading Asset Securities	0.19	0.19	4.67	24.94	19.99	25.98
Cash & Short-Term Investments	32.8	44.41	69.72	119.77	66.59	64.76
Cash Growth	-47.25%	-36.31%	-41.79%	79.88%	2.82%	-24.04%
Accounts Receivable	57.37	69.39	79.11	111.59	90.61	82.4
Other Receivables	12.05	12.05	-	0.89	0.88	0.81
Receivables	69.42	81.44	79.11	116.76	103.05	94.77
Inventory	1.1	1.23	1.65	1.62	2.42	2.35
Prepaid Expenses	3.99	4.27	4.67	4.47	4.46	4.2
Other Current Assets	18.56	9.84	9.91	8.72	9.45	9.44
Total Current Assets	125.87	141.19	165.06	251.35	185.96	175.52
Property, Plant & Equipment	193.99	190.22	177.51	144.47	156.82	173.75
Long-Term Investments	19.36	18.66	11.19	169.98	136.11	171.19
Goodwill	-	17.26	17.26	17.26	17.26	17.26
Other Intangible Assets	154.37	143.18	149.22	159.53	166.55	177.49
Long-Term Accounts Receivable	-	-	-	28.29	18.4	10.17
Other Long-Term Assets	3.14	3.62	5.16	97.02	121.88	128.58
Total Assets	496.73	514.12	525.4	867.9	816.15	878.69
Accounts Payable	26.1	20.98	22.01	22.03	17.83	20.16
Accrued Expenses	74.77	79.3	65.31	74.81	81.66	104.59
Short-Term Debt	63.6	47.63	22.39	4.45	33.94	72.98
Current Portion of Long-Term Debt	28.6	21.24	29.34	48.16	55.75	30.42
Current Portion of Leases	1.8	1.26	1.84	1.53	1.87	2.53
Current Income Taxes Payable	10.06	13.43	17.75	16.19	10.93	5.14
Current Unearned Revenue	6.71	7.76	9.77	32.05	18.56	17.1
Other Current Liabilities	28.39	21.5	36.72	23.93	19.11	15.7
Total Current Liabilities	240.02	213.1	205.12	223.16	239.64	268.62
Long-Term Debt	13.25	33.17	37.17	70.38	71.21	64.25
Long-Term Leases	-	2.4	4	4.14	5.14	6.09
Long-Term Deferred Tax Liabilities	-	-	-	3.66	5.47	6.15
Other Long-Term Liabilities	49.14	13.15	-	-	-	-
Total Liabilities	302.42	298.78	298.83	357.61	367.11	384.48
Common Stock	131.63	131.63	131.63	131.63	131.63	131.63
Retained Earnings	67.88	88.43	97.75	396.06	368.26	377.89
Comprehensive Income & Other	-5.41	-4.88	-2.96	-37.96	-70.34	-34.34
Total Common Equity	194.09	215.17	226.42	489.72	429.55	475.18
Minority Interest	0.22	0.17	0.16	20.57	19.48	19.03
Shareholders' Equity	194.31	215.34	226.58	510.29	449.03	494.21
Total Liabilities & Equity	496.73	514.12	525.4	867.9	816.15	878.69
Total Debt	107.24	105.7	94.73	128.67	167.91	176.27
Net Cash (Debt)	-74.44	-61.3	-25.01	-8.9	-101.33	-111.51
Net Cash Per Share	-0.57	-0.47	-0.19	-0.07	-0.77	-0.85
Filing Date Shares Outstanding	131.63	131.63	131.63	131.63	131.63	131.63
Total Common Shares Outstanding	131.63	131.63	131.63	131.63	131.63	131.63
Working Capital	-114.15	-71.92	-40.07	28.19	-53.68	-93.1
Book Value Per Share	1.47	1.63	1.72	3.72	3.26	3.61
Tangible Book Value	39.72	54.73	59.95	312.93	245.74	280.43
Tangible Book Value Per Share	0.30	0.42	0.46	2.38	1.87	2.13
Land	-	15.37	15.94	6.17	6.17	6.08
Buildings	-	42.15	41.71	43.45	43.46	42.78
Machinery	-	664.72	617.49	593.31	597.11	584.47
Construction In Progress	-	6.52	6.62	4.37	3.19	4.71

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