Transportadora de Gas del Sur S.A. (TGS)

TGS Income Statement

Financials in millions ARS. 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	553,091	452,809	512,343	173,320	84,333	99,790
Revenue Growth (YoY)	-42.64%	-11.62%	195.61%	105.52%	-15.49%	90.44%
Operations & Maintenance	32,155	-	-	-	2,826	5,275
Selling, General & Admin	-11,510	24,286	19,777	5,300	2,915	2,930
Other Operating Expenses	268,309	311,377	328,216	101,802	42,946	50,983
Total Operating Expenses	288,954	335,663	347,992	107,101	48,686	59,188
Operating Income	264,137	117,146	164,350	66,219	35,647	40,603
Interest Expense	-30,986	-24,628	-21,171	-8,703	-5,069	-4,241
Interest Income	61,524	24,190	5,712	1,543	825.05	1,479
Net Interest Expense	30,538	-438	-15,459	-7,160	-4,244	-2,762
Income (Loss) on Equity Investments	-98.95	-30.4	280.7	41.35	32.17	-65.47
Currency Exchange Gain (Loss)	-57,149	-208,860	-75,248	-12,396	-14,894	-16,071
Other Non-Operating Income (Expenses)	-81,871	-58,591	10,333	19,992	-878.46	12,879
EBT Excluding Unusual Items	155,556	-150,774	84,258	66,696	15,663	34,583
Gain (Loss) on Sale of Investments	60,498	195,809	75,136	-	-	-
Asset Writedown	-1,045	-	-	-	-4,700	-
Insurance Settlements	21.2	22.07	90.31	730.85	357.7	-
Legal Settlements	-1,431	-1,431	-2,506	-1,036	-314.54	-
Other Unusual Items	-	-	-3,208	-806.84	602.79	-
Pretax Income	213,598	43,626	153,770	65,583	11,608	34,583
Income Tax Expense	62,198	20,108	53,130	24,811	6,648	8,269
Earnings From Continuing Ops.	151,400	23,518	100,640	40,772	4,960	26,314
Minority Interest in Earnings	-0.17	-0.57	-0.04	-0.01	-0.01	-0.03
Net Income	151,400	23,517	100,640	40,772	4,960	26,314
Net Income to Common	151,400	23,517	100,640	40,772	4,960	26,314
Net Income Growth	7.75%	-76.63%	146.83%	721.98%	-81.15%	49.84%
Shares Outstanding (Basic)	753	753	753	753	762	788
Shares Outstanding (Diluted)	753	753	753	753	762	788
Shares Change (YoY)	-	-	-	-1.26%	-3.30%	-
EPS (Basic)	201.13	31.24	133.69	54.16	6.51	33.38
EPS (Diluted)	201.13	31.24	133.69	54.16	6.51	33.38
EPS Growth	7.75%	-76.63%	146.83%	732.48%	-80.51%	49.84%
Free Cash Flow	67,516	54,488	31,472	40,229	31,312	-5,000
Free Cash Flow Per Share	89.69	72.38	41.81	53.44	41.07	-6.34
Dividend Per Share	-	-	-	-	-	11.767
Dividend Growth	-	-	-	-	-	127.21%
Profit Margin	27.37%	5.19%	19.64%	23.52%	5.88%	26.37%
Free Cash Flow Margin	12.21%	12.03%	6.14%	23.21%	37.13%	-5.01%
EBITDA	320,681	174,255	222,145	83,926	44,426	47,676
EBITDA Margin	57.98%	38.48%	43.36%	48.42%	52.68%	47.78%
D&A For EBITDA	56,544	57,109	57,795	17,708	8,780	7,074
EBIT	264,137	117,146	164,350	66,219	35,647	40,603
EBIT Margin	47.76%	25.87%	32.08%	38.21%	42.27%	40.69%
Effective Tax Rate	29.12%	46.09%	34.55%	37.83%	57.27%	23.91%

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