ENERGY CO OF PARANA financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ENERGY CO OF PARANA 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

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	14,946	13,102	14,025	14,935	16,244	18,633	20,976	20,535	21,479	22,651
Gross profit	3,147	2,868	3,359	3,433	4,405	5,285	4,268	4,930	4,898	4,891
Selling, general and administrative	671	741	686	724	-711	809	925	804
Operating income	-1,025	-879	-1,217	-1,039	-1,103	-1,032	658	-1,981	-1,203	-827
Interest expense	1,197	1,499	1,448	1,252	1,185	973	1,248	1,951	2,274	2,342
Interest income	770	904	699	814	730	895	902	956	1,069	1,185
Pre-tax income	1,694	1,394	1,393	1,956	2,847	5,120	4,580	943	2,490	2,907
Income tax	532	520	275	512	-676	1,285	1,179	-281	354	599
Income from continuing operations	2,121	1,989	2,141	2,394	2,171	3,834	3,859	1,149
Net income to minority interests	52	-21.3	84.6	36.9	72.9	5.55	96	37.3	68.4
Net income	1,162	874	1,118	1,444	2,063	3,910	5,049	1,149	2,327	2,799
EBITDA			-486	-290	-152	-22.2	-424
EPS, basic	3.87	3.13	3.61	4.91
EPS, diluted	3.87	3.13	3.61	4.91

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	1,481	982	1,040	1,948	2,942	3,223	3,473	2,678	5,635	4,162
Receivables	475	307	409	363	427	514	750	897	570	950
Inventory	131	131	111	116	130	163	198	195	175	136
Total current assets	6,822	4,237	5,702	6,678	7,909	11,407	11,190	9,327	13,716	13,042
Property, plant and equipment	8,693	8,934	9,829	10,841	10,592	9,495	10,143	10,069	10,825	8,517
Lease right-of-use assets					92.8	133	204	261	253	309
Goodwill								204
Intangible assets	6,145	6,460	6,453	6,029	6,333	6,929	9,216	10,278	11,170	16,624
Total assets	28,844	30,289	33,162	35,930	38,313	46,785	49,538	49,704	55,819	57,384
Accounts payable	61.8	66.2	62.6	67.9	73	89	105	105	102	113
Total current liabilities	4,789	5,656	6,110	6,695	5,346	9,654	7,980	7,157	9,309	10,342
Lease liabilities						97.2	165	209	221	271
Total liabilities	28,844	30,289	33,162	19,594	20,714	26,534	27,362	28,572	31,627	31,747
Total debt				4.23	4.3	1.05
Retained earnings			0
Shareholders' equity	14,163	14,718	15,208	16,033	17,252	19,959	21,837	20,817	23,886	25,675
Minority interests	318	260	303	303	346	291	338	314	306	-37.8
Total equity	14,480	14,978	15,346	16,336	17,598	20,251	22,175	21,131	24,192	25,637
Total liabilities and equity	28,844	30,289	33,162	35,930	38,313	46,785	49,538	49,704	55,819	57,384

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	1,162	874	1,118	1,444	2,063	3,910	5,049	1,149	2,327	2,799
Depreciation and amortization			732	749	951	1,010	-1,083
Cash from operations	1,321	1,477	989	1,771	2,945	3,941	3,387	3,903	3,518	3,394
Capital expenditures	-753	-1,284	-1,206	-1,489	-368	-226	-338	-536
Cash from investing	-1,952	-2,511	-1,581	-2,149	-1,664	-1,668	31.9	-2,775	-3,135	-5,739
Dividends paid	-308	-369	-506	-301	-380	-626
Cash from financing	1,371	536	650	1,287	-288	-1,715	-2,884	-1,922	2,697	804
Net change in cash	741	-499	58	908	993	558	534	-794	3,080	-1,542
Free cash flow	568	192	-216	282	2,577	3,715	3,049	3,367
Interest paid	453	362	532	289	326	183
Income taxes paid	488	860	335	469	561	636	745	124	295	219

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

Metric	Value	How it is calculated
Gross margin	21.6%	Gross profit / revenue.
Operating margin	-3.7%	Operating income / revenue.
Pre-tax margin	12.8%	Pre-tax income / revenue.
Net margin	12.4%	Net income / revenue.
Operating cash flow margin	15.0%	Cash from operations / revenue.
Effective tax rate	20.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	11.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.9%	Net income / average total assets.
Return on invested capital (ROIC)	-3.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-0.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	4.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	2.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	20.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-17.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	6.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-3.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	0.1%	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, 5y	2.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	8.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.26x	Current assets / current liabilities.
Quick ratio	0.49x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.40x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	55.3%	Total liabilities / total assets.
Interest coverage	-0.35x	Operating income / interest expense.
Working capital	R$2.70B	Current assets - current liabilities.
Goodwill and intangibles / assets	29.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	R$9.05B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.40x	Revenue / average total assets.
Fixed asset turnover	2.34x	Revenue / average property, plant and equipment.
Receivables turnover	29.8x	Revenue / average receivables.
Days sales outstanding	12 days	365 x average receivables / revenue.

What was ENERGY CO OF PARANA's revenue in fiscal 2024?

ENERGY CO OF PARANA reported revenue of R$22.65B for fiscal 2024, 5.5% higher than the year before.

Was ENERGY CO OF PARANA profitable in fiscal 2024?

Yes. Net income was R$2.80B, a net margin of 12.4%.

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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