Cash flow Adani Green Energy Limited

Equities

ADANIGREEN

INE364U01010

Independent Power Producers

Delayed NSE India S.E. Other stock markets 05:29:38 2024-12-03 am EST			5-day change	1st Jan Change
1,312.80 ^INR	-1.14%		+46.10%	-17.80%

Dec. 02	India's Adani Green Energy recoups losses related to US indictment	RE
Nov. 30	Gautam Adani breaks silence on US indictment to say his group is committed to compliance	RE

e17a332e5c54c8db4a15dca87b.2bW4qhsGiFVxT1uIb-TA2GSmZ-o11gvwMPypiUTJsjE.jPvzzkN-5GUyHCLEHaCs6wXcA5hqnX-bVK7OxRKR_AGM8_SSSl75MyUCEg

Published financial data: ADANI GREEN ENERGY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues - (Utility Template)	25.49B	31.24B	51.33B	77.92B	92.2B
Other Revenues, Total	12.39M	50M	100M	150M	240M
Total Revenues	25.5B	31.29B	51.43B	78.07B	92.44B
Operations And Maintenance	831M	890M	1.62B	2.01B	2.73B
Selling General & Admin Expenses, Total	84.37M	30M	70M	30M	170M
Depreciation & Amortization - (IS) - (Collected)	3.94B	4.86B	8.49B	13B	19.03B
Other Operating Expenses	6.74B	7.84B	14.49B	20.58B	15.86B
Total Operating Expenses	11.6B	13.62B	24.67B	35.62B	37.79B
Operating Income (REIT / Utility Template)	13.9B	17.67B	26.76B	42.45B	54.65B
Interest Expense, Total	-12.83B	-13.77B	-21.78B	-32.94B	-43.84B
Interest and Investment Income	648M	3.73B	3.67B	6.07B	9.17B
Net Interest Expenses	-12.18B	-10.04B	-18.11B	-26.87B	-34.67B
Income (Loss) on Equity Invest.	-66.8M	60M	10M	590M	2.89B
Currency Exchange Gains (Loss)	-3.32B	790M	-1.68B	-5.59B	-210M
Other Non Operating Income (Expenses)	2.89B	-5.75B	-2.36B	5.16B	-5.12B
EBT, Excl. Unusual Items	1.22B	2.73B	4.62B	15.74B	17.54B
Gain (Loss) on Sale of Investments	108M	50M	120M	350M	870M
Gain (Loss) on Sale of Assets	-1.44M	-60M	-20M	-390M	-210M
Asset Writedown	-	-60M	-	-	-
Other Unusual Items	-1.89B	-730M	810M	-1.43B	-1.49B
EBT, Incl. Unusual Items	-566M	1.93B	5.53B	14.27B	16.71B
Income Tax Expense	114M	110M	640M	4.53B	4.11B
Earnings From Continuing Operations	-680M	1.82B	4.89B	9.74B	12.6B
Net Income to Company	-680M	1.82B	4.89B	9.74B	12.6B
Minority Interest	447M	280M	-	-	-1.6B
Net Income - (IS)	-232M	2.1B	4.89B	9.74B	11B
Preferred Dividend and Other Adjustments	919M	1.03B	1.1B	1.17B	1.17B
Net Income to Common Incl Extra Items	-1.15B	1.07B	3.79B	8.57B	9.83B
Net Income to Common Excl. Extra Items	-1.15B	1.07B	3.79B	8.57B	9.83B
Per Share Items
Net EPS - Basic	-0.74	0.68	2.42	5.42	6.21
Basic EPS - Continuing Operations	-0.74	0.68	2.42	5.42	6.21
Basic Weighted Average Shares Outstanding	1.56B	1.56B	1.56B	1.58B	1.58B
Net EPS - Diluted	-0.74	0.68	2.42	5.42	6.2
Diluted EPS - Continuing Operations	-0.74	0.68	2.42	5.42	6.2
Diluted Weighted Average Shares Outstanding	1.56B	1.56B	1.56B	1.58B	1.59B
Normalized Basic EPS	0.77	1.27	1.85	6.22	5.91
Normalized Diluted EPS	0.77	1.27	1.85	6.22	5.9
Payout Ratio	-	39.05	16.77	8.42	-
Supplemental Items
Utility Revenues	20.65B	24.19B	37.83B	58.25B	77.35B
Non Utility Revenues	5.64B	11.8B	17.94B	28.08B	27.25B
EBITDA	17.76B	22.44B	34.85B	54.84B	72.75B
EBITA	13.9B	17.68B	26.79B	42.49B	54.69B
EBIT	13.9B	17.67B	26.76B	42.45B	54.65B
EBITDAR	17.85B	22.47B	34.92B	54.87B	72.8B
Total Revenues (As Reported)	26.29B	35.99B	55.77B	86.33B	105B
Effective Tax Rate - (Ratio)	-20.14	5.7	11.57	31.74	24.6
Current Domestic Taxes	-	-	-40M	930M	-
Total Current Taxes	3.13M	-	-40M	930M	780M
Deferred Domestic Taxes	-	110M	680M	3.6B	-
Total Deferred Taxes	111M	110M	680M	3.6B	3.33B
Normalized Net Income	1.21B	1.99B	2.89B	9.84B	9.36B
Interest on Long-Term Debt	186M	230M	320M	580M	1.57B
Non-Cash Pension Expense	5.14M	10M	10M	10M	20M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	110M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	110M
Net Rental Expense, Total	84.37M	30M	70M	30M	50M
Imputed Operating Lease Interest Expense	66.61M	16.91M	31.66M	14.77M	29.45M
Imputed Operating Lease Depreciation	17.76M	13.09M	38.34M	15.23M	20.55M
Maintenance & Repair Expenses, Total	831M	890M	1.62B	2.01B	2.73B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	6.37B	1.84B	5.67B	10.02B	16.08B
Short Term Investments - (Utility / Insurance Templates)	338M	2.7B	4.15B	6.25B	15.15B
Trading Asset Securities, Total	1.97B	2.16B	5.01B	10.18B	10.21B
Accounts Receivable, Total	9.6B	14.94B	18.09B	22.06B	13.54B
Other Receivables	568M	1.79B	3.37B	2.27B	8.17B
Accounts Receivable (Summary Subtotal)	10.17B	16.73B	21.46B	24.33B	21.71B
Inventory - (Utility Template)	1.96B	1.49B	2.91B	1.22B	3.78B
Prepaid Expenses	92.74M	510M	1.05B	610M	690M
Notes Receivable (Collected)	1.17B	1.03B	250M	870M	460M
Other Current Assets, Total	3.77B	13.43B	21.38B	24.6B	70.55B
Total Current Assets	25.83B	39.89B	61.88B	78.08B	139B
Gross Property Plant And Equipment	161B	236B	519B	585B	754B
Accumulated Depreciation	-23.32B	-28.12B	-36.42B	-49.08B	-67.54B
Net Property Plant And Equipment	138B	208B	483B	535B	686B
Goodwill	29.78M	30M	30M	30M	30M
Other Intangibles, Total	21.65M	780M	800M	760M	900M
Long-Term Investments - (Utility Template)	2.8B	3.03B	740M	1.31B	4.94B
Accounts Receivable Long-Term	-	-	-	380M	210M
Loans Receivable Long-Term - (Utility Template)	-	9.94B	700M	740M	1.01B
Deferred Tax Assets Long-Term (Collected)	3.5B	4.2B	5.62B	4.59B	4.52B
Deferred Charges Long-Term	-	-	-	-	490M
Other Long-Term Assets, Total	14.5B	21.34B	39.22B	52.24B	48.47B
Total Assets	184B	287B	592B	674B	885B
Liabilities
Accounts Payable, Total	1.75B	1.29B	1.45B	3.91B	3.28B
Accrued Expenses, Total	3.45B	3.22B	4.65B	4.81B	5.04B
Short-Term Borrowings	11.15B	36.93B	81.84B	19.88B	49.46B
Current Portion of Long-Term Debt	7.67B	4.35B	12.87B	22.27B	176B
Current Portion of Leases	196M	310M	580M	1B	1.29B
Current Income Taxes Payable	-	80M	-	920M	1.45B
Unearned Revenue, Current	140M	320M	900M	15.42B	12.74B
Other Current Liabilities - (Bank / Utility Template)	5.8B	12.78B	17.03B	16.22B	18.77B
Total Current Liabilities	30.15B	59.28B	119B	84.43B	268B
Long-Term Debt	126B	197B	427B	486B	405B
Long-Term Leases	3.55B	3.04B	5.86B	12.76B	16.69B
Unearned Revenue Non Current	1.18B	5.65B	9.02B	9.89B	8.81B
Pension & Other Post Retirement Benefits	84.45M	130M	160M	200M	220M
Deferred Tax Liability Non-Current	14.58M	290M	2.13B	4.52B	8.89B
Other Non Current Liabilities, Total	63.88M	100M	1.87B	1.99B	3.12B
Total Liabilities	161B	266B	566B	600B	711B
Common Stock, Total	15.64B	15.64B	15.64B	15.84B	15.84B
Additional Paid In Capital	-	-	-	38.31B	38.3B
Retained Earnings	-8.29B	-7.12B	-3.13B	5.82B	7.93B
Comprehensive Income and Other	16.21B	13.48B	13.63B	13.07B	36.27B
Total Common Equity	23.57B	22B	26.14B	73.04B	98.34B
Minority Interest	-458M	-740M	-	460M	76.14B
Total Equity	23.11B	21.26B	26.14B	73.5B	174B
Total Liabilities And Equity	184B	287B	592B	674B	885B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.56B	1.56B	1.56B	1.58B	1.58B
ECS Total Common Shares Outstanding	1.56B	1.56B	1.56B	1.58B	1.58B
Book Value / Share	4.88	5.51	7.61	37.12	62.08
Tangible Book Value	23.51B	21.19B	25.31B	72.25B	97.41B
Tangible Book Value Per Share	4.85	4.99	7.08	36.62	61.49
Total Debt	149B	242B	528B	542B	649B
Net Debt	140B	235B	513B	516B	607B
Debt Equivalent of Unfunded Proj. Benefit Obligation	96.31M	180M	200M	230M	260M
Debt Equivalent Oper. Leases	675M	240M	560M	240M	400M
Minority Interest, Total (Incl. Fin. Div)	-458M	-740M	-	460M	76.14B
Equity Method Investments, Total	300M	360M	730M	1.31B	4.2B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	955M	290M	-	-	-
Inventories - Others	87.52M	-	170M	520M	2.91B
Land - (BS)	2.74B	5.86B	6.21B	7.29B	7.42B
Buildings, Total	3.66B	3.98B	5.66B	6.65B	7.46B
Machinery, Total	138B	178B	293B	495B	641B
Full Time Employees	723	795	1.18K	1.44K	1.6K
Accumulated Allowance for Doubtful Accounts (Supple)	72.23M	70M	70M	230M	190M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-232M	2.1B	4.89B	9.74B	11B
Depreciation, Depletion & Amortization	3.94B	4.84B	8.43B	12.91B	18.94B
Amortization of Goodwill and Intangible Assets - (CF)	-	10M	30M	40M	40M
Total Depreciation, Depletion & Amortization	3.94B	4.85B	8.46B	12.95B	18.98B
Amortization of Deferred Charges, Total	3.85M	10M	30M	50M	50M
(Gain) Loss On Sale of Asset - (CF)	1.44M	60M	20M	390M	210M
(Gain) Loss on Sale of Investments - (CF)	-108M	-50M	-120M	-350M	-870M
Provision and Write-off of Bad Debts	72.23M	10M	40M	150M	30M
Change in Accounts Receivable	103M	-3.46B	-1.09B	-4.5B	8.93B
Change In Inventories	316M	750M	120M	-270M	-2.52B
Change in Accounts Payable	151M	-1.06B	-1.72B	3.16B	1.22B
Change in Other Net Operating Assets (Collected)	1.49B	-2.52B	-1.96B	18.44B	-3.46B
Other Operating Activities	13.91B	15.32B	21.93B	32.89B	43.56B
Cash from Operations	19.65B	16.01B	30.6B	72.65B	77.13B
Capital Expenditure	-33.97B	-61.43B	-148B	-33.76B	-158B
Sale of Property, Plant, and Equipment	26.04M	130M	40M	380M	730M
Cash Acquisitions	-	-4.89B	-56.21B	-	-
Divestitures	2.88B	530M	-	-	-
Investment in Marketable and Equity Securities, Total	-6.92B	-11.01B	1.72B	-12.35B	-61.84B
Other Investing Activities, Total	562M	-14.7B	9.56B	7.16B	8.24B
Cash from Investing	-37.43B	-91.37B	-193B	-38.57B	-211B
Short Term Debt Issued, Total	15.74B	45.45B	34.56B	-	29.58B
Long-Term Debt Issued, Total	107B	79.85B	297B	208B	304B
Total Debt Issued	123B	125B	331B	208B	333B
Short Term Debt Repaid, Total	-12.02B	-10.77B	-	-62.76B	-
Long-Term Debt Repaid, Total	-77.2B	-23.17B	-140B	-162B	-171B
Total Debt Repaid	-89.22B	-33.94B	-140B	-225B	-171B
Issuance of Common Stock	-	50M	850M	38.98B	-
Repurchase of Common Stock	-	-3.44B	-	-	-
Common Dividends Paid	-	-820M	-820M	-820M	-
Common & Preferred Stock Dividends Paid	-	-820M	-820M	-820M	-
Other Financing Activities, Total	-12.12B	-16.32B	-32.02B	-51.39B	-22.63B
Cash from Financing	21.61B	70.83B	160B	-29.73B	140B
Miscellaneous Cash Flow Adjustments	-	-	6.18B	-	-
Net Change in Cash	3.83B	-4.53B	3.83B	4.35B	6.06B
Supplemental Items
Cash Interest Paid	12.12B	16.32B	32.02B	51.39B	46.01B
Cash Income Tax Paid (Refund)	183M	140M	200M	-110M	500M
Net Debt Issued / Repaid	33.73B	91.36B	192B	-16.5B	162B
Levered Free Cash Flow	-33.3B	-63.62B	-144B	-2.76B	-178B
Unlevered Free Cash Flow	-25.28B	-55.02B	-130B	17.83B	-150B
Change In Net Working Capital	3.94B	9.49B	7.52B	-12.06B	45.56B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.25	4.68	3.81	4.19	4.38
Return on Total Capital	5.74	5.08	4.09	4.53	4.75
Return On Equity %	-3.2	8.21	20.63	19.55	10.16
Return on Common Equity	-5.37	4.7	15.75	17.28	11.47
Margin Analysis
Gross Profit Margin %	77.87	77.21	71.85	75.04	84.07
SG&A Margin	4.51	1.31	0.8	0.55	1.02
EBITDA Margin %	69.67	71.72	67.76	70.24	78.7
EBITA Margin %	54.5	56.5	52.09	54.43	59.16
EBIT Margin %	54.5	56.47	52.03	54.37	59.12
Income From Continuing Operations Margin %	-2.67	5.82	9.51	12.48	13.63
Net Income Margin %	-0.91	6.71	9.51	12.48	11.9
Net Avail. For Common Margin %	-4.51	3.42	7.37	10.98	10.63
Normalized Net Income Margin	4.75	6.35	5.61	12.6	10.13
Levered Free Cash Flow Margin	-130.61	-203.33	-279.68	-3.53	-192.02
Unlevered Free Cash Flow Margin	-99.15	-175.83	-253.21	22.84	-162.38
Asset Turnover
Asset Turnover	0.15	0.13	0.12	0.12	0.12
Fixed Assets Turnover	0.2	0.18	0.15	0.15	0.15
Receivables Turnover (Average Receivables)	2.65	2.55	3.11	3.88	5.18
Inventory Turnover (Average Inventory)	1.64	4.13	6.58	9.44	5.89
Short Term Liquidity
Current Ratio	0.86	0.67	0.52	0.92	0.52
Quick Ratio	0.63	0.4	0.3	0.6	0.24
Operating Cash Flow to Current Liabilities	0.65	0.27	0.26	0.86	0.29
Days Sales Outstanding (Average Receivables)	138.01	143.36	117.44	94.04	70.66
Days Outstanding Inventory (Average Inventory)	222.9	88.31	55.46	38.67	62.12
Average Days Payable Outstanding	229.19	83.3	31.45	54.95	76.1
Cash Conversion Cycle (Average Days)	131.72	148.36	141.44	77.75	56.68
Long Term Solvency
Total Debt/Equity	643.35	1.14K	2.02K	737.73	371.72
Total Debt / Total Capital	86.55	91.93	95.29	88.06	78.8
LT Debt/Equity	561.08	943.09	1.66K	679.02	241.7
Long-Term Debt / Total Capital	75.48	76.13	78.1	81.06	51.24
Total Liabilities / Total Assets	87.46	92.6	95.58	89.09	80.29
EBIT / Interest Expense	1.08	1.28	1.23	1.29	1.25
EBITDA / Interest Expense	1.39	1.64	1.62	1.68	1.68
(EBITDA - Capex) / Interest Expense	-1.26	-2.83	-5.17