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Financial statements

ENERGY CO OF MINAS GERAIS financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ENERGY CO OF MINAS GERAIS files with the SEC in its annual reports.

In BRL millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue21,86818,77321,71222,26625,48625,22833,64634,46336,85039,820
Cost of revenue15,78314,43017,48817,67719,59819,84526,92327,65128,46631,664
Gross profit6,0854,3434,2244,5895,8885,3836,7236,8128,3848,156
Research and development234233225199225663
Selling and marketing109175175
General and administrative22252628303032
Interest expense2,2042,4781,8002,2241,8473,3503,0963,0661,6511,951
Interest income8631,0418041,7063,2072,4458441,5001,2721,430
Pre-tax income3,3623671,6462,0114,5703,8014,6994,1206,8519,358
Income tax893336446101,599-936946261,0842,239
Income from continuing operations2,4693341,0021,4012,9712,8653,7534,0945,767
Net income to minority interests1142112232
Net income2,4693341,0011,700-3,1942,8643,7514,0925,7647,117
EPS, basic1.69
EPS, diluted1.69

Balance sheet

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents9951,0308915361,6808251,4411,5371,898
Short-term investments774358
Receivables235207261296
Inventory49383639
Total current assets8,2868,53727,79610,35415,45612,94913,46511,86912,231
Property, plant and equipment3,9403,7752,7622,6622,4502,4072,4192,4113,2563,715
Lease right-of-use assets277212226329398387
Intangible assets10,27510,82011,15610,77711,62411,81012,95314,62115,24916,806
Total assets42,03642,24059,85550,52654,08352,04653,67155,00059,726
Short-term debt4,8372,3712,1982,7472,0591,4659552,6302,877
Total current liabilities11,4478,66323,3947,9139,69010,68811,20313,09314,145
Lease liabilities203179182297354350
Total liabilities29,10227,91043,916-34,42336,60532,58431,88730,34432,344
Total debt15,17914,39814,77214,77715,02011,36410,5809,83112,280
Retained earnings4,6635,2005,7296,3628,75010,06110,94810,39513,04113,575
Shareholders' equity12,93014,32614,57915,88717,47419,45721,77824,65027,377
Minority interests641,360445665
Total equity12,98812,93414,33016,08416,10317,47819,46221,78424,65627,382
Total liabilities and equity42,03642,24043,91650,52654,08352,04653,67155,00059,726

Cash flow statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income2,4693341,0021,7643,1952,8653,7534,0945,7677,119
Depreciation and amortization8118027877618158659471,1821,2741,376
Cash from operations3,0081,2135801,0082,0368,6073,6856,5446,6465,496
Capital expenditures-126-120-83-77-70-132-182-173-1,076-671
Cash from investing-3,217-614-386-211-1,188-5,076-1,370-3,136-3,969-2,376
Debt issued-11
Dividends paid-701598
Cash from financing247-529-159-936-1,203-2,387-5,910-2,792-2,581-2,759
Net change in cash387035-139-3551,144-85561696361
Free cash flow2,8821,0934979311,9668,4753,5036,3715,5704,825
Interest paid1,3312,3691,7971,2901,2651,0811,5891,0101,026956
Income taxes paid7412892266501,7672405007046011,136

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin20.5%Gross profit / revenue.
Pre-tax margin23.5%Pre-tax income / revenue.
Net margin17.9%Net income / revenue.
FCF margin12.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin13.8%Cash from operations / revenue.
Effective tax rate23.9%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)27.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)12.4%Net income / average total assets.
R&D / revenue0.0%Research and development expense / revenue.
Capex / revenue1.7%Capital expenditures / revenue.
D&A / revenue3.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y8.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y5.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y9.3%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-2.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y6.7%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y6.7%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y23.5%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y23.8%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y-17.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y14.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y22.0%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y-13.4%Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y11.3%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y19.7%Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y11.1%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y12.1%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y11.5%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y8.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y4.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y3.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.86xCurrent assets / current liabilities.
Quick ratio0.18x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.16x(Cash + short-term investments) / current liabilities.
Debt / equity0.45xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets20.6%Total debt / total assets.
Liabilities / assets54.2%Total liabilities / total assets.
Net debtR$10.02BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital-R$1.91BCurrent assets - current liabilities.
Goodwill and intangibles / assets28.1%(Goodwill + intangible assets) / total assets.
Tangible book valueR$10.57BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.69xRevenue / average total assets.
Fixed asset turnover11.4xRevenue / average property, plant and equipment.
Receivables turnover143xRevenue / average receivables.
Days sales outstanding3 days365 x average receivables / revenue.
FCF conversion67.8%Free cash flow / net income, when net income is positive.
Capex / operating cash flow12.2%Capital expenditures / cash from operations, when that is positive.
What was ENERGY CO OF MINAS GERAIS's revenue in fiscal 2024?

ENERGY CO OF MINAS GERAIS reported revenue of R$39.82B for fiscal 2024, 8.1% higher than the year before.

Was ENERGY CO OF MINAS GERAIS profitable in fiscal 2024?

Yes. Net income was R$7.12B, a net margin of 17.9%.

How much free cash flow did ENERGY CO OF MINAS GERAIS generate in fiscal 2024?

Cash from operations of R$5.50B minus capital expenditures of R$671.0M left free cash flow of R$4.83B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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