Qatar Electricity & Water Company Q.P.S.C. (QSE: QEWS)

QEWS Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,862	2,836	2,646	2,381	2,476	2,266
Revenue Growth (YoY)	4.48%	7.20%	11.12%	-3.84%	9.28%	-8.28%
Operations & Maintenance	2.65	2.65	3.54	1.2	1.34	2.15
Selling, General & Admin	89.1	84.9	49.61	36	41.87	36.9
Depreciation & Amortization	12.45	12.45	13.9	5.9	5.37	4.02
Amortization of Goodwill & Intangibles	7.83	7.83	7.74	7.65	7.81	7.84
Other Operating Expenses	1,944	1,909	1,701	1,541	1,894	1,649
Total Operating Expenses	2,056	2,017	1,776	1,592	1,951	1,700
Operating Income	805.94	819.03	869.91	789.39	525.59	566.11
Interest Expense	-477.57	-500.47	-275.56	-114.77	-149.26	-243.49
Interest Income	470.05	500.81	413.34	247.33	257.51	315.25
Net Interest Expense	-7.52	0.34	137.78	132.56	108.25	71.75
Income (Loss) on Equity Investments	703.26	672.28	669.42	570.12	550.94	806.14
Other Non-Operating Income (Expenses)	-7.83	-7.83	-13.31	-1.98	-2.17	-3.33
EBT Excluding Unusual Items	1,494	1,484	1,664	1,490	1,183	1,441
Gain (Loss) on Sale of Investments	-	-	50.95	-	-	-
Gain (Loss) on Sale of Assets	-	77.65	-86.08	-	0.09	-
Asset Writedown	-	-	-83.09	-	-	-
Other Unusual Items	-	-	204	-	-	-
Pretax Income	1,494	1,561	1,750	1,490	1,183	1,441
Income Tax Expense	-6.16	-6.04	2.34	-	-	-
Earnings From Continuing Ops.	1,500	1,568	1,747	1,490	1,183	1,441
Earnings From Discontinued Ops.	-26.06	-7.16	3.22	-	-	-
Net Income to Company	1,474	1,560	1,750	1,490	1,183	1,441
Minority Interest in Earnings	-4.67	-8.92	-39.64	-22.23	-25.01	-26.75
Net Income	1,469	1,551	1,711	1,468	1,158	1,414
Net Income to Common	1,469	1,551	1,711	1,468	1,158	1,414
Net Income Growth	-14.72%	-9.32%	16.55%	26.79%	-18.12%	-7.98%
Shares Outstanding (Basic)	1,100	1,100	1,100	1,100	1,100	1,100
Shares Outstanding (Diluted)	1,100	1,100	1,100	1,100	1,100	1,100
EPS (Basic)	1.34	1.41	1.56	1.33	1.05	1.29
EPS (Diluted)	1.34	1.41	1.56	1.33	1.05	1.29
EPS Growth	-14.72%	-9.32%	16.55%	26.79%	-18.12%	-7.98%
Free Cash Flow	912.09	1,044	1,215	1,194	1,163	1,033
Free Cash Flow Per Share	0.83	0.95	1.10	1.09	1.06	0.94
Dividend Per Share	0.860	0.860	0.950	0.800	0.630	0.775
Dividend Growth	-9.47%	-9.47%	18.75%	26.98%	-18.71%	0%
Profit Margin	51.34%	54.70%	64.66%	61.65%	46.75%	62.40%
Free Cash Flow Margin	31.87%	36.82%	45.93%	50.13%	46.96%	45.58%
EBITDA	1,149	1,164	1,165	1,073	814.87	850.56
EBITDA Margin	40.15%	41.04%	44.03%	45.05%	32.91%	37.54%
D&A For EBITDA	343.24	345.11	294.9	283.29	289.28	284.46
EBIT	805.94	819.03	869.91	789.39	525.59	566.11
EBIT Margin	28.16%	28.88%	32.88%	33.15%	21.23%	24.98%
Effective Tax Rate	-	-	0.13%	-	-	-
Revenue as Reported	2,941	2,911	2,721	2,475	2,586	2,389

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