Cash flow Audax Renovables, S.A.

Equities

ADX

ES0136463017

Multiline Utilities

Market Closed - BME Other stock markets 11:35:19 2024-09-17 am EDT			5-day change	1st Jan Change
1.830 ^EUR	0.00%		-1.19%	+40.77%

Aug. 27	Tranche Update on Audax Renovables, S.A.'s Equity Buyback Plan announced on December 28, 2022.	CI
Aug. 26	Audax Renovables, S.A.'s Equity Buyback announced on December 28, 2022, has closed with 800,000 shares.	CI

0f6ce15d64.qWKhToN99zXodc7DKBruwQE8Ef2WhZvOfBwHw5XjKhs.yhWUF9ozplKFMvmXECu-qzAIWZih1vyDSFZwh_GPH0TzCvQq10iCX480hw

Published financial data: AUDAX RENOVABLES, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	1.04B	967M	1.68B	2.63B	2.29B
Total Revenues	1.04B	967M	1.68B	2.63B	2.29B
Operations And Maintenance	4.07M	2.92M	2.87M	5.24M	402K
Selling General & Admin Expenses, Total	431K	220K	336K	-	676K
Depreciation & Amortization - (IS) - (Collected)	26.23M	19.65M	21.97M	21.85M	21M
Other Operating Expenses	968M	914M	1.63B	2.57B	2.19B
Total Operating Expenses	999M	937M	1.65B	2.6B	2.21B
Operating Income (REIT / Utility Template)	42.08M	30.44M	31.12M	29.82M	78.3M
Interest Expense, Total	-19.49M	-17.72M	-28.82M	-32.72M	-34.59M
Interest and Investment Income	4M	4.38M	803K	8.65M	7.59M
Net Interest Expenses	-15.48M	-13.34M	-28.01M	-24.07M	-27M
Income (Loss) on Equity Invest.	-87K	-52K	-57K	2.95M	789K
Currency Exchange Gains (Loss)	-106K	431K	-147K	1.7M	-4.07M
Other Non Operating Income (Expenses)	1.69M	227K	1.7M	-302K	181K
EBT, Excl. Unusual Items	28.08M	17.7M	4.61M	10.1M	48.2M
Gain (Loss) on Sale of Assets	4.95M	7K	-	2.48M	-3.18M
Asset Writedown	-	-	-153K	-	-
Other Unusual Items	-	16.34M	-	-	-
EBT, Incl. Unusual Items	33.03M	34.05M	4.46M	12.57M	45.02M
Income Tax Expense	1.69M	3.88M	3.21M	4.81M	13.64M
Earnings From Continuing Operations	31.34M	30.17M	1.24M	7.77M	31.38M
Net Income to Company	31.34M	30.17M	1.24M	7.77M	31.38M
Minority Interest	-5.92M	-3.78M	1.59M	-4.23M	-2.35M
Net Income - (IS)	25.42M	26.38M	2.84M	3.54M	29.03M
Net Income to Common Incl Extra Items	25.42M	26.38M	2.84M	3.54M	29.03M
Net Income to Common Excl. Extra Items	25.42M	26.38M	2.84M	3.54M	29.03M
Per Share Items
Net EPS - Basic	0.06	0.06	0.01	0.01	0.07
Basic EPS - Continuing Operations	0.06	0.06	0.01	0.01	0.07
Basic Weighted Average Shares Outstanding	440M	440M	440M	440M	440M
Net EPS - Diluted	0.06	0.06	0.01	0.01	0.07
Diluted EPS - Continuing Operations	0.06	0.06	0.01	0.01	0.07
Diluted Weighted Average Shares Outstanding	440M	446M	440M	440M	440M
Normalized Basic EPS	0.03	0.02	0.01	0	0.06
Normalized Diluted EPS	0.03	0.02	0.01	0	0.06
Dividend Per Share	-	0.02	-	-	-
Payout Ratio	-	-	362.83	-	-
Supplemental Items
Utility Revenues	1.04B	967M	1.68B	2.63B	2.29B
EBITDA	64.33M	45.37M	48.64M	47.18M	95.35M
EBITA	55.41M	41.29M	43.68M	41.38M	89.14M
EBIT	42.08M	30.44M	31.12M	29.82M	78.3M
EBITDAR	64.76M	45.59M	48.97M	-	96.03M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	5.13	11.39	72.07	38.22	30.3
Total Current Taxes	6.66M	7.12M	5.67M	-	21M
Total Deferred Taxes	-55K	-2.14M	-828K	-	-2.21M
Normalized Net Income	11.63M	7.28M	4.47M	2.08M	27.77M
Interest Capitalized	-	363K	1.67M	-	-
Interest on Long-Term Debt	6.04M	7.76M	17.58M	20.4M	20.62M
Supplemental Operating Expense Items
Net Rental Expense, Total	431K	220K	336K	-	676K
Imputed Operating Lease Interest Expense	180K	62.82K	113K	-	295K
Imputed Operating Lease Depreciation	251K	157K	223K	-	381K
Maintenance & Repair Expenses, Total	4.07M	2.92M	2.87M	5.24M	402K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	151M	368M	244M	206M	230M
Short Term Investments - (Utility / Insurance Templates)	33.44M	80.22M	83.13M	44.66M	80.65M
Trading Asset Securities, Total	-	-	-	-	-
Accounts Receivable, Total	138M	216M	314M	286M	218M
Other Receivables	14.54M	19.29M	38.09M	38.83M	60.26M
Accounts Receivable (Summary Subtotal)	153M	236M	352M	325M	278M
Inventory - (Utility Template)	1.81M	1.46M	5.08M	9.95M	12.51M
Prepaid Expenses	22.41M	854K	21.5M	30.87M	21.38M
Notes Receivable (Collected)	49K	152K	-	32.01M	2.97M
Other Current Assets, Total	2.82M	33.7M	62.94M	71.37M	79.71M
Total Current Assets	364M	720M	769M	720M	706M
Gross Property Plant And Equipment	111M	118M	161M	195M	217M
Accumulated Depreciation	-26.01M	-21.53M	-27.11M	-35.36M	-40.19M
Net Property Plant And Equipment	84.9M	96.66M	133M	160M	177M
Goodwill	138M	138M	138M	138M	138M
Other Intangibles, Total	96.35M	150M	184M	182M	177M
Long-Term Investments - (Utility Template)	8.42M	9.66M	13.6M	21.77M	20.7M
Loans Receivable Long-Term - (Utility Template)	66.75M	12.12M	50.29M	46.95M	46.93M
Deferred Tax Assets Long-Term (Collected)	7.39M	8.11M	13.36M	14.61M	15.77M
Other Long-Term Assets, Total	8.42M	11.66M	48.21M	33.8M	13.89M
Total Assets	774M	1.15B	1.35B	1.32B	1.3B
Liabilities
Accounts Payable, Total	77.28M	105M	142M	208M	219M
Accrued Expenses, Total	81.37M	122M	113M	105M	116M
Short-Term Borrowings	34.32M	18.38M	20.1M	15.01M	383K
Current Portion of Long-Term Debt	104M	172M	223M	103M	110M
Current Portion of Leases	1.36M	1.13M	1.18M	1.47M	1.66M
Current Income Taxes Payable	2.27M	1.38M	3.88M	5.05M	10.32M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	66.83M	40.94M	60.91M	98.06M	91.86M
Total Current Liabilities	368M	460M	564M	536M	549M
Long-Term Debt	191M	455M	530M	525M	474M
Long-Term Leases	8.27M	7.8M	15.33M	19.21M	19.32M
Unearned Revenue Non Current	5.68M	4.92M	4.61M	4.24M	4.43M
Deferred Tax Liability Non-Current	17.64M	16.5M	21.46M	15.16M	11.4M
Other Non Current Liabilities, Total	27.84M	51.03M	65.29M	81.53M	63.89M
Total Liabilities	619M	996M	1.2B	1.18B	1.12B
Common Stock, Total	44.03M	44.03M	44.03M	44.03M	44.03M
Additional Paid In Capital	420M	420M	420M	420M	420M
Retained Earnings	25.42M	26.38M	2.84M	3.54M	29.03M
Treasury Stock	-	-	-	-	-997K
Comprehensive Income and Other	-368M	-348M	-330M	-345M	-331M
Total Common Equity	122M	143M	137M	122M	161M
Minority Interest	33.49M	7.82M	11.96M	13.34M	12.03M
Total Equity	156M	151M	149M	136M	173M
Total Liabilities And Equity	774M	1.15B	1.35B	1.32B	1.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	440M	440M	440M	440M	439M
ECS Total Common Shares Outstanding	440M	440M	440M	440M	439M
Book Value / Share	0.28	0.33	0.31	0.28	0.37
Tangible Book Value	-112M	-145M	-185M	-197M	-154M
Tangible Book Value Per Share	-0.25	-0.33	-0.42	-0.45	-0.35
Total Debt	340M	655M	790M	664M	606M
Net Debt	155M	206M	462M	413M	295M
Debt Equivalent Oper. Leases	3.45M	1.76M	2.69M	-	5.41M
Minority Interest, Total (Incl. Fin. Div)	33.49M	7.82M	11.96M	13.34M	12.03M
Equity Method Investments, Total	6.9M	6.66M	10.05M	13.04M	13.42M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	2K	2K	2K	2K	542K
Buildings, Total	1.15M	1.18M	1.31M	2.82M	2.89M
Machinery, Total	90.5M	78.45M	85.85M	124M	138M
Full Time Employees	550	757	708	690	666
Part Time Employees	-	-	95	97	89
Accumulated Allowance for Doubtful Accounts (Supple)	19.82M	27.54M	30.63M	37.16M	52.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	25.42M	26.38M	2.84M	3.54M	29.03M
Depreciation, Depletion & Amortization	10.2M	5.33M	6.26M	7.71M	8.06M
Amortization of Goodwill and Intangible Assets - (CF)	13.33M	10.85M	12.56M	11.56M	10.84M
Total Depreciation, Depletion & Amortization	23.53M	16.18M	18.82M	19.27M	18.9M
Amortization of Deferred Charges, Total	8.74M	11.22M	20.73M	22.97M	22.73M
(Gain) Loss On Sale of Asset - (CF)	-	-7K	-	-	-
Total Asset Writedown	357K	7.72M	3.24M	3.81M	41.51M
(Income) Loss On Equity Investments - (CF)	-	-	-	-2.95M	789K
Change in Accounts Receivable	-17.58M	3.52M	-101M	-1.43M	13.04M
Change In Inventories	2.7M	354K	-3.62M	-4.87M	-2.56M
Change in Accounts Payable	2.22M	-6.64M	35.28M	49.02M	14.29M
Change in Other Net Operating Assets (Collected)	13.28M	38.61M	-37.28M	67.23M	22.64M
Other Operating Activities	-2.68M	-21.76M	-12.69M	-5.34M	-19.84M
Cash from Operations	56M	75.59M	-74.04M	151M	141M
Capital Expenditure	-7.75M	-15.89M	-29.71M	-28.9M	-22.27M
Sale of Property, Plant, and Equipment	1.38M	32K	33K	2.16M	365K
Cash Acquisitions	-	-155M	-40.21M	-	-
Divestitures	39.25M	81.82M	57K	-743K	3K
Purchase / Sale of Intangible Assets	-25.73M	-527K	-8.04M	-16.26M	-8.77M
Investment in Marketable and Equity Securities, Total	12.84M	-52.05M	-37.2M	-269K	-4.26M
Other Investing Activities, Total	-7M	-	-	-	-
Cash from Investing	12.98M	-142M	-115M	-44.01M	-34.94M
Short Term Debt Issued, Total	13M	-	47.7M	44.9M	4.61M
Long-Term Debt Issued, Total	78.67M	570M	430M	334M	166M
Total Debt Issued	91.67M	570M	477M	379M	171M
Short Term Debt Repaid, Total	-28.34M	-	-80.16M	-57.22M	-14.32M
Long-Term Debt Repaid, Total	-78.11M	-266M	-322M	-466M	-238M
Total Debt Repaid	-106M	-266M	-402M	-523M	-252M
Repurchase of Common Stock	-	-15.23M	-	-	-
Common Dividends Paid	-	-	-10.3M	-	-
Common & Preferred Stock Dividends Paid	-	-	-10.3M	-	-
Other Financing Activities, Total	-1.73M	-4.7M	-	-1.22M	-44K
Cash from Financing	-16.51M	284M	65.04M	-145M	-81.31M
Miscellaneous Cash Flow Adjustments	1K	-	-	-	-
Net Change in Cash	52.47M	217M	-124M	-38.22M	24.27M
Supplemental Items
Cash Interest Paid	19.7M	13.87M	19.55M	18.05M	27.52M
Cash Income Tax Paid (Refund)	-	-	-	6.93M	16.28M
Net Debt Issued / Repaid	-14.78M	304M	75.33M	-144M	-81.27M
Levered Free Cash Flow	53.68M	-32.24M	-115M	58.04M	101M
Unlevered Free Cash Flow	59.81M	-28.92M	-115M	58.1M	102M
Change In Net Working Capital	-40.77M	51.18M	118M	-62.77M	-63.04M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.27	1.98	1.56	1.4	3.75
Return on Total Capital	5.04	2.88	2.23	2.15	6.2
Return On Equity %	21.23	19.67	0.85	5.55	20.31
Return on Common Equity	22.24	19.88	2.09	2.78	20.47
Margin Analysis
Gross Profit Margin %	11.5	11.38	7.16	5.01	10.18
SG&A Margin	2.06	2.35	1.67	1.14	1.68
EBITDA Margin %	6.18	4.69	2.89	1.8	4.16
EBITA Margin %	5.32	4.27	2.59	1.58	3.89
EBIT Margin %	4.04	3.15	1.85	1.14	3.42
Income From Continuing Operations Margin %	3.01	3.12	0.07	0.3	1.37
Net Income Margin %	2.44	2.73	0.17	0.13	1.27
Net Avail. For Common Margin %	2.44	2.73	0.17	0.13	1.27
Normalized Net Income Margin	1.12	0.75	0.27	0.08	1.21
Levered Free Cash Flow Margin	5.16	-3.33	-6.84	2.21	4.41
Unlevered Free Cash Flow Margin	5.75	-2.99	-6.81	2.21	4.45
Asset Turnover
Asset Turnover	1.3	1.01	1.35	1.97	1.75
Fixed Assets Turnover	8.28	10.66	14.64	17.9	13.6
Receivables Turnover (Average Receivables)	7.72	5.46	6.36	8.75	9.08
Inventory Turnover (Average Inventory)	291.32	524.36	478.68	332.08	183.21
Short Term Liquidity
Current Ratio	0.99	1.57	1.36	1.34	1.29
Quick Ratio	0.92	1.49	1.21	1.07	1.07
Operating Cash Flow to Current Liabilities	0.15	0.16	-0.13	0.28	0.26
Days Sales Outstanding (Average Receivables)	47.29	67.07	57.43	41.72	40.2
Days Outstanding Inventory (Average Inventory)	1.25	0.7	0.76	1.1	1.99
Average Days Payable Outstanding	30.49	38.83	28.68	25.55	37.83
Cash Conversion Cycle (Average Days)	18.06	28.94	29.52	17.27	4.37
Long Term Solvency
Total Debt/Equity	218.12	433.41	530.26	489.11	349.56
Total Debt / Total Capital	68.56	81.25	84.13	83.03	77.76
LT Debt/Equity	128.2	306.6	366.15	400.9	284.74
Long-Term Debt / Total Capital	40.3	57.48	58.1	68.05	63.34
Total Liabilities / Total Assets	79.89	86.83	88.96	89.69	86.62
EBIT / Interest Expense