ACWA Power Company (TADAWUL: 2082)

ACWA Power Company Income Statement

Financials in millions SAR. 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
Revenue	6,371	6,095	5,276	5,235	4,829	4,115
Revenue Growth (YoY)	8.84%	15.52%	0.77%	8.41%	17.35%	15.78%
Operations & Maintenance	2.49	2.49	2.31	4.93	4.13	3.78
Selling, General & Admin	1,705	1,234	1,027	919.94	814.75	677.62
Other Operating Expenses	2,993	2,443	2,307	2,346	2,255	1,875
Total Operating Expenses	4,700	3,680	3,336	3,551	3,074	2,557
Operating Income	1,671	2,415	1,939	1,685	1,755	1,558
Interest Expense	-1,470	-1,456	-1,182	-1,004	-1,033	-824.23
Interest Income	506.6	441.48	259.15	17.58	19.86	113.67
Net Interest Expense	-963.54	-1,014	-922.56	-986.34	-1,013	-710.56
Income (Loss) on Equity Investments	666.67	244.57	294.44	321.69	231.11	283.79
Currency Exchange Gain (Loss)	-8.31	2.77	-36.93	-46.92	-23.46	-29.11
Other Non-Operating Income (Expenses)	109.08	66.12	115.96	-38.86	31.78	-44.81
EBT Excluding Unusual Items	1,475	1,715	1,390	934.15	981.2	1,058
Impairment of Goodwill	-	-	-	-60.02	-7.5	-3
Gain (Loss) on Sale of Assets	401.7	-	-	-7.75	9.59	-
Asset Writedown	-	-	-121.6	-	-210.85	-877.2
Insurance Settlements	82.1	82.1	43.9	21.97	59.19	11.65
Legal Settlements	10.2	10.2	-111.53	-	-	-
Other Unusual Items	28	28	291	-	-	210.67
Pretax Income	1,997	1,835	1,492	888.34	831.64	399.75
Income Tax Expense	88.54	53.73	232.84	80.11	-50.95	74.01
Earnings From Continuing Ops.	1,909	1,781	1,259	808.23	882.59	325.74
Earnings From Discontinued Ops.	-1.54	-9.95	217.1	-64.33	19.8	554.35
Net Income to Company	1,907	1,771	1,476	743.91	902.39	880.08
Minority Interest in Earnings	-72.61	-109.62	63.63	14.89	-19.82	293.78
Net Income	1,835	1,662	1,540	758.8	882.57	1,174
Net Income to Common	1,835	1,662	1,540	758.8	882.57	1,174
Net Income Growth	5.51%	7.90%	102.96%	-14.02%	-24.82%	-
Shares Outstanding (Basic)	732	733	733	666	647	647
Shares Outstanding (Diluted)	733	733	733	666	647	647
Shares Change (YoY)	0.00%	-	9.99%	2.93%	-	8.30%
EPS (Basic)	2.50	2.27	2.10	1.14	1.36	1.81
EPS (Diluted)	2.50	2.27	2.10	1.14	1.36	1.81
EPS Growth	5.33%	7.90%	84.52%	-16.47%	-24.82%	-
Free Cash Flow	249.75	-337.11	1,348	1,149	417.78	-757.12
Free Cash Flow Per Share	0.34	-0.46	1.84	1.73	0.65	-1.17
Dividend Per Share	0.449	0.449	0.828	0.768	-	-
Dividend Growth	-45.78%	-45.78%	7.78%	-	-	-
Profit Margin	28.79%	27.26%	29.19%	14.49%	18.28%	28.53%
Free Cash Flow Margin	3.92%	-5.53%	25.56%	21.95%	8.65%	-18.40%
EBITDA	2,130	2,860	2,392	2,290	2,313	1,859
EBITDA Margin	33.44%	46.93%	45.34%	43.74%	47.90%	45.18%
D&A For EBITDA	459.13	444.77	452.85	605.16	557.95	301.06
EBIT	1,671	2,415	1,939	1,685	1,755	1,558
EBIT Margin	26.23%	39.63%	36.76%	32.18%	36.35%	37.87%
Effective Tax Rate	4.43%	2.93%	15.60%	9.02%	-	18.51%

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