Manila Electric Company (PSE:MER)

Manila Electric Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	103,124	84,480	82,789	55,832	55,007	50,912
Short-Term Investments	8,968	8,826	7,544	17,997	17,565	8,019
Accounts Receivable	46,707	55,800	42,019	48,927	41,156	53,950
Other Receivables	15,746	8,897	6,251	5,756	3,857	4,170
Inventory	11,301	11,422	11,130	10,629	9,817	5,484
Prepaid Expenses	2,003	3,194	3,178	7,676	5,612	3,746
Other Current Assets	7,383	6,997	9,711	7,470	5,140	2,101
Total Current Assets	195,232	179,616	162,622	154,287	138,154	128,382
Property, Plant & Equipment	310,226	289,376	273,335	244,296	225,891	163,788
Goodwill	-	-	-	-	35	35
Other Intangible Assets	41,063	41,559	53,634	21,691	15,054	2,233
Long-Term Investments	162,015	53,011	52,621	55,531	56,124	48,741
Long-Term Deferred Tax Assets	27,241	26,382	24,628	22,657	27,143	28,943
Other Long-Term Assets	1,486	28,014	21,594	20,799	21,214	18,145
Total Assets	737,263	617,958	588,434	519,261	483,615	390,267
Accounts Payable	67,329	69,177	63,977	65,960	54,489	47,805
Accrued Expenses	26,333	28,115	33,871	33,319	24,906	21,398
Short-Term Debt	30,057	34,287	27,583	29,491	28,834	23,373
Current Portion of Long-Term Debt	9,331	5,692	9,591	5,585	9,114	1,962
Current Unearned Revenue	12,522	11,268	6,339	6,594	7,692	7,002
Current Portion of Leases	138	102	2,679	483	-	-
Current Income Taxes Payable	3,026	2,070	1,550	92	1,637	3,056
Other Current Liabilities	107,199	85,663	88,134	64,201	34,909	38,005
Total Current Liabilities	255,935	236,374	233,724	205,725	161,581	142,601
Long-Term Debt	148,667	54,797	62,272	68,757	52,720	14,809
Pension & Post-Retirement Benefits	17,082	16,263	10,263	2,893	10,257	15,327
Long-Term Deferred Tax Liabilities	8,708	8,769	9,845	5,427	5,959	316
Other Long-Term Liabilities	117,120	115,873	104,227	112,350	147,770	136,483
Total Liabilities	547,512	432,076	420,331	395,152	378,287	309,536
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	118,305	123,339	101,746	85,755	75,394	66,414
Treasury Stock	-13	-13	-11	-11	-11	-11
Comprehensive Income & Other	8,164	5,889	5,176	8,536	4,437	-2,550
Total Common Equity	141,840	144,599	122,295	109,664	95,204	79,237
Minority Interest	47,911	41,283	45,808	14,445	10,124	1,494
Shareholders' Equity	189,751	185,882	168,103	124,109	105,328	80,731
Total Liabilities & Equity	737,263	617,958	588,434	519,261	483,615	390,267
Total Debt	188,193	94,878	102,125	104,316	90,668	40,144
Net Cash (Debt)	-76,101	-1,572	-11,792	-30,487	-18,096	18,787
Net Cash Growth	-	-	-	-	-	-37.63%
Net Cash Per Share	-67.53	-1.39	-10.46	-27.05	-16.06	16.67
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	-60,703	-56,758	-71,102	-51,438	-23,427	-14,219
Book Value Per Share	125.85	128.29	108.50	97.30	84.47	70.30
Tangible Book Value	100,777	103,040	68,661	87,973	80,115	76,969
Tangible Book Value Per Share	89.41	91.42	60.92	78.05	71.08	68.29
Land	35,215	31,601	31,242	18,807	17,699	15,752
Buildings	-	-	-	15,707	12,946	7,401
Machinery	341,329	337,078	319,689	279,225	271,385	208,184
Construction In Progress	60,669	43,700	37,362	33,907	25,166	25,822

Source: S&P Global Market Intelligence. Utility template. Financial Sources.