Manila Electric Company (PSE: MER)

Manila Electric Company Balance Sheet

Financials in millions PHP. 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
Cash & Equivalents	65,613	82,789	55,832	55,007	50,912	38,262
Short-Term Investments	9,075	7,544	17,997	17,565	8,019	33,114
Accounts Receivable	48,335	42,144	48,927	41,156	53,950	30,608
Other Receivables	11,142	6,251	5,756	3,857	4,170	2,000
Inventory	11,948	11,180	10,629	9,817	5,484	4,558
Prepaid Expenses	5,880	6,415	7,676	5,612	3,746	4,050
Other Current Assets	7,881	6,436	7,470	5,140	2,101	5,097
Total Current Assets	159,874	162,759	154,287	138,154	128,382	117,689
Property, Plant & Equipment	280,024	270,733	244,296	225,891	163,788	151,652
Goodwill	-	-	-	35	35	35
Other Intangible Assets	38,148	53,351	21,691	15,054	2,233	1,764
Long-Term Investments	51,357	52,621	55,531	56,124	48,741	45,067
Long-Term Deferred Tax Assets	26,495	24,633	22,657	27,143	28,943	23,440
Other Long-Term Assets	32,590	21,945	20,799	21,214	18,145	17,372
Total Assets	588,488	586,042	519,261	483,615	390,267	357,019
Accounts Payable	69,328	75,983	65,960	54,489	47,805	39,520
Accrued Expenses	31,436	33,871	33,319	24,906	21,398	17,701
Short-Term Debt	27,207	27,583	29,491	28,834	23,373	23,393
Current Portion of Long-Term Debt	5,517	9,591	5,585	9,114	1,962	5,115
Current Unearned Revenue	8,504	6,339	6,594	7,692	7,002	994
Current Portion of Leases	225	2,679	483	-	-	-
Current Income Taxes Payable	3,045	1,550	92	1,637	3,056	2,341
Other Current Liabilities	81,835	75,677	64,201	34,909	38,005	38,497
Total Current Liabilities	227,097	233,273	205,725	161,581	142,601	127,561
Long-Term Debt	56,423	62,272	68,757	52,720	14,809	12,745
Pension & Post-Retirement Benefits	12,334	10,263	2,893	10,257	15,327	8,882
Long-Term Deferred Tax Liabilities	11,049	8,691	5,427	5,959	316	84
Other Long-Term Liabilities	106,890	104,224	112,350	147,770	136,483	122,506
Total Liabilities	413,793	418,723	395,152	378,287	309,536	271,778
Common Stock	11,273	11,273	11,273	11,273	11,273	11,273
Additional Paid-In Capital	4,111	4,111	4,111	4,111	4,111	4,111
Retained Earnings	111,235	101,746	85,755	75,394	66,414	67,108
Treasury Stock	-13	-11	-11	-11	-11	-11
Comprehensive Income & Other	6,302	5,176	8,536	4,437	-2,550	1,749
Total Common Equity	132,908	122,295	109,664	95,204	79,237	84,230
Minority Interest	41,787	45,024	14,445	10,124	1,494	1,011
Shareholders' Equity	174,695	167,319	124,109	105,328	80,731	85,241
Total Liabilities & Equity	588,488	586,042	519,261	483,615	390,267	357,019
Total Debt	89,372	102,125	104,316	90,668	40,144	41,253
Net Cash (Debt)	-14,684	-11,792	-30,487	-18,096	18,787	30,123
Net Cash Growth	-	-	-	-	-37.63%	6.00%
Net Cash Per Share	-13.03	-10.46	-27.05	-16.06	16.67	26.73
Filing Date Shares Outstanding	1,127	1,127	1,127	1,127	1,127	1,127
Total Common Shares Outstanding	1,127	1,127	1,127	1,127	1,127	1,127
Working Capital	-67,223	-70,514	-51,438	-23,427	-14,219	-9,872
Book Value Per Share	117.92	108.50	97.30	84.47	70.30	74.73
Tangible Book Value	94,760	68,944	87,973	80,115	76,969	82,431
Tangible Book Value Per Share	84.07	61.17	78.05	71.08	68.29	73.14
Land	35,081	28,639	18,807	17,699	15,752	15,410
Buildings	15,131	16,485	15,707	12,946	7,401	7,054
Machinery	316,684	303,204	279,225	271,385	208,184	199,826
Construction In Progress	37,611	37,363	33,907	25,166	25,822	17,340

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