CEZ, a. s. (WSE: CEZ)

CEZ, a. s. Income Statement

Financials in millions CZK. 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
Operating Revenue	334,069	336,384	281,053	224,822	209,522	201,781
Other Revenue	291	392	4,480	192	123	126
Revenue	334,360	336,776	285,533	225,014	209,645	201,907
Revenue Growth (YoY)	4.52%	17.95%	26.90%	7.33%	3.83%	11.25%
Fuel & Purchased Power	108,174	123,424	115,043	87,224	79,597	76,902
Operations & Maintenance	5,107	5,107	5,222	5,050	5,467	5,734
Selling, General & Admin	91	91	37	-	-	38
Depreciation & Amortization	36,684	35,336	32,757	31,628	28,284	29,016
Provision for Bad Debts	347	443	377	-602	544	386
Other Operating Expenses	90,950	83,216	33,805	70,551	59,687	59,593
Total Operating Expenses	241,353	247,617	187,241	193,851	173,579	171,669
Operating Income	93,007	89,159	98,292	31,163	36,066	30,238
Interest Expense	-13,409	-13,588	-7,874	-6,220	-7,224	-7,366
Interest Income	3,538	6,289	3,815	1,937	1,850	543
Net Interest Expense	-9,871	-7,299	-4,059	-4,283	-5,374	-6,823
Income (Loss) on Equity Investments	244	832	897	-534	188	18
Currency Exchange Gain (Loss)	1,097	1,097	-4,433	689	1,242	-315
Other Non-Operating Income (Expenses)	29	532	5,420	1,202	-631	-74
EBT Excluding Unusual Items	84,506	84,321	96,117	28,237	31,491	23,044
Impairment of Goodwill	-	-	-	-	-2,848	-1,544
Gain (Loss) on Sale of Investments	-797	-797	390	938	242	94
Gain (Loss) on Sale of Assets	724	792	252	304	235	133
Asset Writedown	-5,150	-5,301	2,570	-15,799	-21,214	-3,316
Other Unusual Items	1	1	294	-254	-	-
Pretax Income	79,284	79,016	99,623	13,426	7,906	18,411
Income Tax Expense	56,114	49,442	18,918	3,517	2,438	3,911
Earnings From Continuing Ops.	23,170	29,574	80,705	9,909	5,468	14,500
Minority Interest in Earnings	29	-50	81	-118	-30	-127
Net Income	23,199	29,524	80,786	9,791	5,438	14,373
Net Income to Common	23,199	29,524	80,786	9,791	5,438	14,373
Net Income Growth	-60.15%	-63.45%	725.10%	80.05%	-62.17%	39.18%
Shares Outstanding (Basic)	536	537	537	536	535	535
Shares Outstanding (Diluted)	536	537	537	536	535	535
Shares Change (YoY)	-0.18%	0.00%	0.09%	0.16%	0.02%	0.07%
EPS (Basic)	43.27	55.00	150.50	18.26	10.16	26.85
EPS (Diluted)	43.27	55.00	150.50	18.26	10.16	26.80
EPS Growth	-60.07%	-63.46%	724.23%	79.80%	-62.11%	38.86%
Free Cash Flow	61,365	92,775	-28,856	26,930	40,599	13,129
Free Cash Flow Per Share	114.46	172.83	-53.75	50.21	75.82	24.52
Dividend Per Share	52.000	52.000	145.000	48.000	52.000	34.000
Dividend Growth	-64.14%	-64.14%	202.08%	-7.69%	52.94%	41.67%
Profit Margin	6.94%	8.77%	28.29%	4.35%	2.59%	7.12%
Free Cash Flow Margin	18.35%	27.55%	-10.11%	11.97%	19.37%	6.50%
EBITDA	131,055	125,891	133,156	65,170	66,605	61,525
EBITDA Margin	39.20%	37.38%	46.63%	28.96%	31.77%	30.47%
D&A For EBITDA	38,048	36,732	34,864	34,007	30,539	31,287
EBIT	93,007	89,159	98,292	31,163	36,066	30,238
EBIT Margin	27.82%	26.47%	34.42%	13.85%	17.20%	14.98%
Effective Tax Rate	70.78%	62.57%	18.99%	26.20%	30.84%	21.24%
Revenue as Reported	338,262	340,585	288,485	227,793	213,737	206,192

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