Balance Sheet E.D.F.

Equities

EDF

FR0010242511

Multiline Utilities

Real-time Euronext Paris Other stock markets 11:35:10 2023-05-17 am EDT			5-day change	1st Jan Change
12.00 ^EUR	-.--%		-.--%	-.--%

Jan. 03	Recovery in the utilities sector takes hold – focus on AI power requirements	DP
Nov. 20	Electricité de France S.A. completed the acquisition of Two battery storage systems in South Africa from ABO Energy GmbH & Co. KGaA.	CI

20b1c328.p1istmVYh7t7wxp0pAf4T5XCq0If6SI0xQOJPIZ_DAM.9zDHhjUV4_4UmnE2yk2ZGvGv4HF4vE1dkmHRUtcyWjr_bfncITfK2hruQw

Published financial data: E.D.F.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	71.32B	69.03B	84.46B	143B	140B
Total Revenues	71.32B	69.03B	84.46B	143B	140B
Fuel & Purchased Power	35.09B	32.42B	44.3B	121B	80.99B
Depreciation & Amortization - (IS) - (Collected)	9.99B	10.84B	10.79B	11.08B	11.16B
Other Operating Expenses	19.86B	20.74B	22.71B	28.35B	19.11B
Total Operating Expenses	64.95B	64.01B	77.8B	160B	111B
Operating Income (REIT / Utility Template)	6.37B	5.02B	6.66B	-16.96B	28.46B
Interest Expense, Total	-1.06B	-1.12B	-933M	-1.48B	-3.1B
Interest and Investment Income	757M	553M	643M	562M	1.17B
Net Interest Expenses	-304M	-567M	-290M	-915M	-1.93B
Income (Loss) on Equity Invest.	818M	425M	644M	759M	257M
Currency Exchange Gains (Loss)	40M	-247M	108M	227M	-32M
Other Non Operating Income (Expenses)	173M	-1.68B	155M	-2.74B	-1.27B
EBT, Excl. Unusual Items	7.09B	2.95B	7.28B	-19.64B	25.48B
Restructuring Charges	-	-	-164M	-	-
Impairment of Goodwill	-57M	-31M	-	-1.18B	-1.78B
Gain (Loss) on Sale of Investments	138M	173M	68M	-122M	-118M
Gain (Loss) on Sale of Assets	388M	-8M	273M	1M	-173M
Asset Writedown	-346M	-768M	-653M	-584M	-11.23B
Legal Settlements	-	-	-	-	-525M
Other Unusual Items	-	-601M	-573M	-638M	-1.57B
EBT, Incl. Unusual Items	7.22B	1.72B	6.23B	-22.16B	10.08B
Income Tax Expense	1.58B	945M	1.4B	-3.93B	2.47B
Earnings From Continuing Operations	5.64B	773M	4.83B	-18.23B	7.61B
Earnings Of Discontinued Operations	-442M	-154M	-1M	6M	-
Net Income to Company	5.19B	619M	4.83B	-18.22B	7.61B
Minority Interest	-39M	31M	285M	285M	2.4B
Net Income - (IS)	5.16B	650M	5.11B	-17.94B	10.02B
Preferred Dividend and Other Adjustments	589M	501M	547M	606M	-
Net Income to Common Incl Extra Items	4.57B	149M	4.57B	-18.55B	10.02B
Net Income to Common Excl. Extra Items	5.01B	303M	4.57B	-18.55B	10.02B
Per Share Items
Net EPS - Basic	1.51	0.05	1.46	-5.03	2.4
Basic EPS - Continuing Operations	1.65	0.1	1.46	-5.04	2.4
Basic Weighted Average Shares Outstanding	3.03B	3.11B	3.14B	3.68B	4.17B
Net EPS - Diluted	1.5	0.05	1.36	-5.03	2.4
Diluted EPS - Continuing Operations	1.65	0.1	1.36	-5.04	2.4
Diluted Weighted Average Shares Outstanding	3.03B	3.12B	3.36B	3.68B	4.17B
Normalized Basic EPS	1.45	0.6	1.54	-3.25	4.4
Normalized Diluted EPS	1.45	0.6	1.44	-3.25	4.4
Dividend Per Share	0.48	0.21	0.58	-	-
Payout Ratio	12.55	77.08	12.34	-3.78	6.29
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
Utility Revenues	65.76B	62.92B	77.43B	130B	130B
Non Utility Revenues	5.56B	6.11B	7.03B	13.64B	9.82B
EBITDA	15.04B	14.39B	15.97B	-7.45B	37.97B
EBITA	6.85B	5.58B	7.15B	-16.38B	29.02B
EBIT	6.37B	5.02B	6.66B	-16.96B	28.46B
EBITDAR	15.18B	14.49B	16.04B	-7.3B	38.18B
Effective Tax Rate - (Ratio)	21.91	55.01	22.48	17.72	24.5
Total Current Taxes	1.61B	747M	2.02B	1.89B	3.89B
Total Deferred Taxes	-28M	198M	-616M	-5.82B	-1.42B
Normalized Net Income	4.39B	1.88B	4.83B	-11.99B	18.33B
Interest Capitalized	740M	579M	561M	463M	822M
Interest on Long-Term Debt	85M	80M	75M	77M	100M
Non-Cash Pension Expense	610M	405M	273M	115M	982M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	523M	518M	-	-	-
Net Rental Expense, Total	139M	96M	67M	154M	207M
Imputed Operating Lease Interest Expense	31.65M	19.63M	11.86M	28.89M	71.13M
Imputed Operating Lease Depreciation	107M	76.37M	55.14M	125M	136M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.93B	6.27B	9.92B	10.95B	10.78B
Short Term Investments - (Utility / Insurance Templates)	17.72B	13.08B	10.56B	17.05B	18.04B
Trading Asset Securities, Total	8.41B	7.59B	22.92B	31.98B	16.36B
Accounts Receivable, Total	15.61B	14.52B	22.24B	24.84B	26.83B
Other Receivables	7.17B	7.3B	16.74B	15.66B	9.74B
Accounts Receivable (Summary Subtotal)	22.77B	21.82B	38.98B	40.51B	36.58B
Inventory - (Utility Template)	14.05B	14.74B	16.2B	17.66B	18.09B
Notes Receivable (Collected)	1.48B	1.24B	1.94B	2.1B	2.38B
Other Current Assets, Total	5.46B	3.92B	4.59B	7.05B	3.25B
Total Current Assets	73.82B	68.66B	105B	127B	105B
Gross Property Plant And Equipment	290B	301B	315B	327B	346B
Accumulated Depreciation	-135B	-141B	-148B	-155B	-172B
Net Property Plant And Equipment	154B	160B	167B	172B	173B
Goodwill	10.62B	10.26B	10.94B	9.51B	7.9B
Other Intangibles, Total	9.35B	9.58B	10.22B	10.62B	11.3B
Long-Term Investments - (Utility Template)	33.26B	35.52B	39.52B	38.1B	40.83B
Loans Receivable Long-Term - (Utility Template)	15.42B	15.07B	18.79B	14.46B	13.02B
Deferred Tax Assets Long-Term (Collected)	557M	1.15B	1.67B	8.7B	7.4B
Other Long-Term Assets, Total	5.89B	5.83B	7.48B	7.54B	5.62B
Total Assets	303B	306B	361B	388B	365B
Liabilities
Accounts Payable, Total	12.87B	11.9B	19.56B	23.28B	19.69B
Accrued Expenses, Total	945M	879M	791M	790M	665M
Current Portion of Long-Term Debt	10.43B	10.85B	14.42B	27.96B	18.18B
Current Portion of Leases	645M	673M	654M	756M	703M
Current Income Taxes Payable	433M	215M	446M	967M	1.11B
Unearned Revenue, Current	-	1.92B	2.23B	2.93B	2.96B
Other Current Liabilities - (Bank / Utility Template)	29.72B	26.09B	59.04B	80.89B	50.01B
Total Current Liabilities	55.04B	52.52B	97.14B	138B	93.32B
Long-Term Debt	52.44B	50.43B	50.65B	63.25B	64.15B
Long-Term Leases	3.86B	3.63B	3.68B	4.09B	3.62B
Unearned Revenue Non Current	-	3.09B	3.11B	2.93B	3.54B
Pension & Other Post Retirement Benefits	20.54B	22.13B	21.72B	16.23B	15.9B
Deferred Tax Liability Non-Current	2.3B	3.12B	2.4B	1.53B	978M
Other Non Current Liabilities, Total	113B	116B	120B	116B	119B
Total Liabilities	247B	251B	299B	342B	301B
Common Stock, Total	1.55B	1.55B	1.62B	1.94B	2.08B
Treasury Stock	-64M	-10M	-14M	-7M	-
Comprehensive Income and Other	44.98B	44.09B	48.61B	32.4B	50.08B
Total Common Equity	46.47B	45.63B	50.21B	34.34B	52.17B
Minority Interest	9.32B	9.59B	11.78B	12.27B	11.95B
Total Equity	55.79B	55.23B	61.99B	46.61B	64.12B
Total Liabilities And Equity	303B	306B	361B	388B	365B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.1B	3.1B	3.24B	3.89B	4.17B
ECS Total Common Shares Outstanding	3.1B	3.1B	3.24B	3.89B	4.17B
Book Value / Share	15	14.72	15.51	8.83	12.51
Tangible Book Value	26.49B	25.78B	29.04B	14.21B	32.97B
Tangible Book Value Per Share	8.55	8.32	8.97	3.66	7.91
Total Debt	67.38B	65.59B	69.41B	96.05B	86.65B
Net Debt	37.32B	38.65B	26.02B	36.08B	41.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	14.07B	14.65B	13.49B	12.03B	12.24B
Debt Equivalent Oper. Leases	1.11B	768M	536M	1.23B	1.66B
Minority Interest, Total (Incl. Fin. Div)	9.32B	9.59B	11.78B	12.27B	11.95B
Equity Method Investments, Total	6.41B	6.79B	8.08B	9.42B	9.04B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	11.52B	11.33B	12.19B	12.77B	13.32B
Inventories - Work In Process, Total	497M	469M	615M	622M	771M
Inventories - Others	2.49B	3.46B	4.31B	5.2B	5.19B
Land - (BS)	18.39B	18.95B	19.26B	19.62B	19.88B
Machinery, Total	26.56B	25.49B	27.71B	-	-
Full Time Employees	162K	161K	163K	165K	172K
Part Time Employees	-	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.04B	1.2B	1.09B	1.32B	1.74B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	5.16B	650M	5.11B	-17.94B	10.02B
Depreciation, Depletion & Amortization	8.86B	9.51B	9.54B	9.66B	9.73B
Amortization of Goodwill and Intangible Assets - (CF)	481M	553M	488M	580M	565M
Total Depreciation, Depletion & Amortization	9.34B	10.06B	10.03B	10.24B	10.29B
Amortization of Deferred Charges, Total	656M	775M	756M	839M	870M
(Gain) Loss On Sale of Asset - (CF)	-508M	-185M	-67M	-143M	234M
Total Asset Writedown	403M	799M	653M	1.76B	13.01B
(Income) Loss On Equity Investments - (CF)	-	-425M	-644M	-759M	-257M
Change in Accounts Receivable	174M	842M	-7.41B	-3.64B	-2.2B
Change In Inventories	191M	-873M	-626M	-1.89B	-381M
Change in Accounts Payable	-46M	-861M	7.41B	4.52B	-3.6B
Change in Other Net Operating Assets (Collected)	133M	-787M	-896M	9.31B	-1.61B
Other Operating Activities	-1.7B	2.77B	-1.67B	-9.72B	3.43B
Net Cash From Discontinued Operations	222M	98M	-	-6M	-
Cash from Operations	14.02B	12.86B	12.65B	-7.42B	29.81B
Capital Expenditure	-16.71B	-16.01B	-17.61B	-18.32B	-21.02B
Sale of Property, Plant, and Equipment	94M	54M	264M	87M	126M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.13B	3.17B	2.76B	-6.85B	-2.15B
Other Investing Activities, Total	-166M	-104M	-	-	-
Cash from Investing	-15.65B	-12.89B	-14.58B	-25.08B	-23.04B
Long-Term Debt Issued, Total	9.08B	6.6B	6.94B	34.16B	11.95B
Total Debt Issued	9.08B	6.6B	6.94B	34.16B	11.95B
Long-Term Debt Repaid, Total	-6.98B	-7.06B	-5.16B	-5.88B	-21.71B
Total Debt Repaid	-6.98B	-7.06B	-5.16B	-5.88B	-21.71B
Issuance of Common Stock	493M	2.25B	1.24B	4.25B	1.38B
Repurchase of Common Stock	-1.29B	-	-3M	-	-
Common Dividends Paid	-647M	-501M	-631M	-678M	-630M
Common & Preferred Stock Dividends Paid	-647M	-501M	-631M	-678M	-630M
Other Financing Activities, Total	1.57B	1.3B	2.59B	2.08B	1.76B
Cash from Financing	2.22B	2.59B	4.97B	33.94B	-7.26B
Foreign Exchange Rate Adjustments	-5M	-162M	180M	-397M	-53M
Miscellaneous Cash Flow Adjustments	54M	-68M	425M	-7M	375M
Net Change in Cash	644M	2.34B	3.65B	1.03B	-173M
Supplemental Items
Cash Income Tax Paid (Refund)	922M	983M	2.28B	1.28B	3.7B
Net Debt Issued / Repaid	2.1B	-461M	1.78B	28.29B	-9.76B
Levered Free Cash Flow	-5.47B	-3.66B	17.84B	2.41B	-21.41B
Unlevered Free Cash Flow	-4.81B	-2.96B	18.43B	3.33B	-19.48B
Change In Net Working Capital	2.07B	929M	-21.08B	-21.18B	27.4B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.36	1.03	1.25	-2.83	4.72
Return on Total Capital	3.39	2.57	3.3	-7.74	12.12
Return On Equity %	10.4	1.39	8.24	-33.57	13.75
Return on Common Equity	11.01	0.66	9.53	-43.88	23.16
Margin Analysis
Gross Profit Margin %	38.71	40.77	37.37	9.09	34.52
SG&A Margin	19.91	20.59	16.78	10.62	11.07
EBITDA Margin %	21.1	20.85	18.91	-5.19	27.18
EBITA Margin %	9.6	8.08	8.46	-11.42	20.77
EBIT Margin %	8.93	7.28	7.89	-11.82	20.37
Income From Continuing Operations Margin %	7.9	1.12	5.72	-12.71	5.45
Net Income Margin %	7.23	0.94	6.05	-12.5	7.17
Net Avail. For Common Margin %	7.02	0.44	5.41	-12.93	7.17
Normalized Net Income Margin	6.16	2.72	5.72	-8.36	13.12
Levered Free Cash Flow Margin	-7.67	-5.3	21.13	1.68	-15.33
Unlevered Free Cash Flow Margin	-6.74	-4.28	21.82	2.32	-13.94
Asset Turnover
Asset Turnover	0.24	0.23	0.25	0.38	0.37
Fixed Assets Turnover	0.48	0.44	0.52	0.85	0.81
Receivables Turnover (Average Receivables)	4.53	4.58	4.6	6.1	5.41
Inventory Turnover (Average Inventory)	3.09	2.84	3.42	7.7	5.12
Short Term Liquidity
Current Ratio	1.34	1.31	1.08	0.93	1.13
Quick Ratio	0.96	0.93	0.85	0.73	0.88
Operating Cash Flow to Current Liabilities	0.25	0.24	0.13	-0.05	0.32
Days Sales Outstanding (Average Receivables)	80.65	79.87	79.42	59.88	67.5
Days Outstanding Inventory (Average Inventory)	118.06	128.85	106.73	47.37	71.32
Average Days Payable Outstanding	110.21	109.02	105.65	59.29	85.32
Cash Conversion Cycle (Average Days)	88.5	99.7	80.51	47.97	53.5
Long Term Solvency
Total Debt/Equity	120.77	118.77	111.97	206.07	135.13
Total Debt / Total Capital	54.7	54.29	52.82	67.33	57.47
LT Debt/Equity	100.92	97.9	87.65	144.47	105.69
Long-Term Debt / Total Capital	45.71	44.75	41.35	47.2	44.95
Total Liabilities / Total Assets	81.6	81.95	82.83	87.99	82.42
EBIT / Interest Expense	6	4.49	7.14	-11.49	9.17
EBITDA / Interest Expense	14.8	13.47	17.89	-4.55	12.49
(EBITDA - Capex) / Interest Expense	-0.95	-0.82	-0.98	-16.96	5.71
Total Debt / EBITDA	4.29	4.35	4.16	-14.29	2.24