Balance Sheet Global Power Synergy

Equities

GPSC

TH6488010005

Independent Power Producers

End-of-day quote Thailand S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
45.25 ^THB	+2.84%		+12.42%	-6.70%

Aug. 30	Global Power Synergy Public Company Limited Announce CFO Changes	CI
Aug. 30	Global Power Synergy Public Company Limited Announces Executive Changes, Effective September 1, 2024	CI

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Published financial data: GLOBAL POWER SYNERGY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	65.79B	68.76B	74.14B	123B	89.86B
Interest and Investment Income, Total (Revenue Block)	773M	821M	737M	602M	443M
Other Revenues, Total	733M	884M	970M	775M	299M
Total Revenues	67.3B	70.46B	75.84B	124B	90.6B
Selling General & Admin Expenses, Total	2.18B	1.95B	2.96B	2.31B	2.71B
Other Operating Expenses	55.06B	56.45B	63.74B	120B	80.26B
Total Operating Expenses	57.25B	58.4B	66.7B	123B	82.97B
Operating Income (REIT / Utility Template)	10.05B	12.06B	9.14B	1.83B	7.64B
Interest Expense, Total	-5.11B	-3.29B	-3.21B	-3.33B	-4.49B
Interest and Investment Income	185M	396M	256M	192M	843M
Net Interest Expenses	-4.93B	-2.89B	-2.95B	-3.14B	-3.64B
Income (Loss) on Equity Invest.	837M	924M	1.54B	1.54B	1.01B
Currency Exchange Gains (Loss)	317M	1.23M	-54.95M	-46.76M	-404M
Other Non Operating Income (Expenses)	-29.11M	-737M	-692M	-860M	-132M
EBT, Excl. Unusual Items	6.25B	9.36B	6.98B	-683M	4.46B
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	115M	1.18B	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	1.93B	586M	852M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	125M	-	-	-
EBT, Incl. Unusual Items	6.25B	9.48B	9.03B	1.08B	5.32B
Income Tax Expense	247M	993M	1.19B	-376M	507M
Earnings From Continuing Operations	6B	8.49B	7.84B	1.46B	4.81B
Net Income to Company	6B	8.49B	7.84B	1.46B	4.81B
Minority Interest	-1.94B	-982M	-522M	-566M	-1.11B
Net Income - (IS)	4.06B	7.51B	7.32B	891M	3.69B
Net Income to Common Incl Extra Items	4.06B	7.51B	7.32B	891M	3.69B
Net Income to Common Excl. Extra Items	4.06B	7.51B	7.32B	891M	3.69B
Per Share Items
Net EPS - Basic	2.25	2.66	2.6	0.32	1.31
Basic EPS - Continuing Operations	2.25	2.66	2.6	0.32	1.31
Basic Weighted Average Shares Outstanding	1.8B	2.82B	2.82B	2.82B	2.82B
Net EPS - Diluted	2.25	2.66	2.6	0.32	1.31
Diluted EPS - Continuing Operations	2.25	2.66	2.6	0.32	1.31
Diluted Weighted Average Shares Outstanding	1.8B	2.82B	2.82B	2.82B	2.82B
Normalized Basic EPS	1.09	1.73	1.36	-0.35	0.59
Normalized Diluted EPS	1.09	1.73	1.36	-0.35	0.59
Dividend Per Share	1.3	1.5	1.5	0.5	0.74
Payout Ratio	64.76	48.82	57.79	379.57	45.8
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Utility Revenues	65.79B	68.76B	74.14B	123B	89.86B
Non Utility Revenues	1.69B	2.23B	4.01B	3.33B	2.44B
EBITDA	17.1B	20.56B	18.14B	10.71B	16.66B
EBITA	11.74B	14.22B	11.24B	3.9B	9.69B
EBIT	10.05B	12.06B	9.14B	1.83B	7.64B
EBITDAR	-	20.62B	18.19B	10.77B	16.74B
Effective Tax Rate - (Ratio)	3.96	10.47	13.2	-34.79	9.53
Total Current Taxes	823M	1.31B	1.55B	714M	1.28B
Total Deferred Taxes	-575M	-321M	-356M	-1.09B	-769M
Normalized Net Income	1.97B	4.87B	3.84B	-993M	1.67B
Interest Capitalized	33M	69M	67M	73M	76M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	2.18B	1.95B	2.96B	2.31B	2.71B
Net Rental Expense, Total	-	60M	50M	52M	78M
Imputed Operating Lease Interest Expense	-	14.98M	11.77M	11.58M	21.92M
Imputed Operating Lease Depreciation	-	45.02M	38.23M	40.42M	56.08M
Maintenance & Repair Expenses, Total	1.94B	2.55B	2.14B	2.35B	2.02B
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18.84B	20.29B	13.79B	14.24B	13.2B
Short Term Investments - (Utility / Insurance Templates)	965M	1.79B	3.11B	114M	-
Accounts Receivable, Total	11.19B	10.26B	14.96B	21.61B	12.77B
Other Receivables	387M	445M	1.16B	2.16B	1.78B
Accounts Receivable (Summary Subtotal)	11.58B	10.7B	16.12B	23.77B	14.55B
Inventory - (Utility Template)	6.72B	6.25B	6.94B	11.91B	11.43B
Prepaid Expenses	298M	384M	560M	762M	896M
Notes Receivable (Collected)	-	-	1.06B	91.74M	91.74M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	517M	4.03B	3.91B	1.93B	1.66B
Total Current Assets	38.92B	43.45B	45.49B	52.82B	41.82B
Gross Property Plant And Equipment	118B	173B	174B	176B	179B
Accumulated Depreciation	-16.23B	-69.74B	-75.59B	-81.63B	-83.89B
Net Property Plant And Equipment	101B	103B	98.1B	94.87B	94.98B
Goodwill	36.1B	36.1B	36.09B	36.09B	36.09B
Other Intangibles, Total	46.06B	43.98B	41.53B	39.78B	38.08B
Long-Term Investments - (Utility Template)	13.9B	13.89B	33.56B	49.67B	55.57B
Accounts Receivable Long-Term	7.58B	6.07B	5.12B	3.82B	2.14B
Loans Receivable Long-Term - (Utility Template)	2.92B	2.8B	3.34B	3.58B	5.01B
Deferred Tax Assets Long-Term (Collected)	3.12B	3.36B	3.25B	3.32B	3.32B
Other Long-Term Assets, Total	2.14B	4.23B	3.91B	4.86B	4.69B
Total Assets	252B	257B	270B	289B	282B
Liabilities
Accounts Payable, Total	4.27B	3.95B	6.41B	10.89B	7.06B
Accrued Expenses, Total	2.64B	2.16B	1.74B	2.8B	2.03B
Short-Term Borrowings	24.17B	-	-	3.37B	111M
Current Portion of Long-Term Debt	2.57B	12.06B	9.26B	11.46B	26.96B
Current Portion of Leases	-	134M	155M	149M	142M
Current Income Taxes Payable	476M	593M	586M	305M	832M
Other Current Liabilities - (Bank / Utility Template)	2.63B	3.16B	4.89B	3.23B	1.53B
Total Current Liabilities	36.75B	22.06B	23.04B	32.19B	38.67B
Long-Term Debt	79.36B	94.21B	101B	114B	98.88B
Long-Term Leases	9.68M	2.72B	2.48B	2.24B	2.25B
Unearned Revenue Non Current	14.17B	14.1B	14.17B	14.64B	14.73B
Pension & Other Post Retirement Benefits	566M	755M	820M	870M	651M
Deferred Tax Liability Non-Current	10.37B	9.92B	9.96B	8.98B	8.17B
Other Non Current Liabilities, Total	615M	1.03B	780M	593M	828M
Total Liabilities	142B	145B	153B	174B	164B
Common Stock, Total	28.2B	28.2B	28.2B	28.2B	28.2B
Additional Paid In Capital	70.18B	70.18B	70.18B	70.18B	70.18B
Retained Earnings	18.75B	22.09B	25.18B	22.8B	25.01B
Comprehensive Income and Other	-16.23B	-17.56B	-15.22B	-16.44B	-17.19B
Total Common Equity	101B	103B	108B	105B	106B
Minority Interest	9.28B	8.97B	9.41B	10.37B	11.33B
Total Equity	110B	112B	118B	115B	118B
Total Liabilities And Equity	252B	257B	270B	289B	282B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.82B	2.82B	2.82B	2.82B	2.82B
ECS Total Common Shares Outstanding	2.82B	2.82B	2.82B	2.82B	2.82B
Book Value / Share	35.78	36.49	38.42	37.14	37.66
Tangible Book Value	18.73B	22.81B	30.72B	28.86B	32.03B
Tangible Book Value Per Share	6.64	8.09	10.89	10.24	11.36
Total Debt	106B	109B	113B	131B	128B
Net Debt	86.29B	87.04B	96.37B	117B	115B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	-	480M	400M	416M	624M
Minority Interest, Total (Incl. Fin. Div)	9.28B	8.97B	9.41B	10.37B	11.33B
Equity Method Investments, Total	10.63B	11.17B	27.7B	44.37B	50.81B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.43B	886M	1.3B	6.03B	6.47B
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	5.56B	5.63B	5.91B	6.16B	5.24B
Land - (BS)	1.84B	1.84B	1.84B	1.84B	1.84B
Buildings, Total	2.15B	2.57B	2.92B	2.78B	2.88B
Machinery, Total	112B	160B	162B	166B	166B
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	2M	1M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.06B	7.51B	7.32B	891M	3.69B
Depreciation, Depletion & Amortization	5.36B	6.52B	7.1B	7B	7.14B
Amortization of Goodwill and Intangible Assets - (CF)	1.69B	2.16B	2.1B	2.07B	2.06B
Total Depreciation, Depletion & Amortization	7.05B	8.67B	9.19B	9.07B	9.2B
Amortization of Deferred Charges, Total	883M	143M	123M	93M	218M
(Gain) Loss On Sale of Asset - (CF)	109M	25.97M	750M	-1.17B	131M
Total Asset Writedown	135M	45.29M	16.82M	338M	327M
(Income) Loss On Equity Investments - (CF)	-837M	-924M	-1.54B	-1.54B	-1.01B
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	2.27M	244K	-
Change in Accounts Receivable	356M	1.03B	-4.37B	-6.74B	9.09B
Change In Inventories	-656M	493M	-629M	-5B	-629M
Change in Accounts Payable	-449M	-624M	2.46B	4.48B	-3.82B
Change in Other Net Operating Assets (Collected)	1.79B	524M	-643M	163M	1.12B
Other Operating Activities	4.91B	3.96B	3.42B	2.85B	4.85B
Cash from Operations	17.35B	20.86B	16.11B	3.44B	23.16B
Capital Expenditure	-3.07B	-5.44B	-4.37B	-5.25B	-7.06B
Sale of Property, Plant, and Equipment	10.82M	38.74M	1.57M	8.02M	4.76M
Cash Acquisitions	-78.68B	-1.48B	-	-	-
Divestitures	-	-	693M	3.91B	-
Purchase / Sale of Intangible Assets	-107M	-41.9M	-69.76M	-267M	-568M
Investment in Marketable and Equity Securities, Total	-1.4B	-1.52B	-17.29B	-14.8B	-6.23B
Other Investing Activities, Total	1.21B	1.07B	1.43B	2.3B	-197M
Cash from Investing	-82.05B	-7.37B	-19.61B	-14.09B	-14.05B
Short Term Debt Issued, Total	134B	18.93B	-	3.37B	-
Long-Term Debt Issued, Total	35B	26B	42.56B	28.37B	18.45B
Total Debt Issued	169B	44.93B	42.56B	31.74B	18.45B
Short Term Debt Repaid, Total	-111B	-44.27B	-	-	-3.26B
Long-Term Debt Repaid, Total	-5.89B	-3.74B	-36.47B	-12.9B	-18.19B
Total Debt Repaid	-117B	-48B	-36.47B	-12.9B	-21.45B
Issuance of Common Stock	74B	-	-	-	-
Common Dividends Paid	-2.63B	-3.67B	-4.23B	-3.38B	-1.69B
Common & Preferred Stock Dividends Paid	-2.63B	-3.67B	-4.23B	-3.38B	-1.69B
Other Financing Activities, Total	-46.07B	-5.07B	-4.59B	-3.86B	-5.5B
Cash from Financing	77.91B	-11.81B	-2.72B	11.6B	-10.19B
Foreign Exchange Rate Adjustments	-39.76M	29.09M	59.31M	-504M	42.52M
Miscellaneous Cash Flow Adjustments	-	-256M	-331M	-	-
Net Change in Cash	13.18B	1.45B	-6.5B	443M	-1.04B
Supplemental Items
Cash Interest Paid	4.27B	3.8B	4.04B	3.84B	5.09B
Cash Income Tax Paid (Refund)	1.08B	1.21B	1.64B	1.4B	1.04B
Net Debt Issued / Repaid	52.61B	-3.07B	6.09B	18.85B	-3B
Levered Free Cash Flow	1.56B	7.37B	5.14B	-3.59B	6.72B
Unlevered Free Cash Flow	3.9B	9.32B	7.05B	-1.56B	9.42B
Change In Net Working Capital	6.28B	1.44B	3.45B	6.3B	-2.96B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.97	2.96	2.17	0.41	1.67
Return on Total Capital	4.55	3.45	2.53	0.48	1.94
Return On Equity %	7.87	7.65	6.83	1.25	4.13
Return on Common Equity	5.76	7.37	6.93	0.84	3.5
Margin Analysis
Gross Profit Margin %	18.18	19.89	15.96	3.32	11.42
SG&A Margin	3.24	2.77	3.91	1.86	2.99
EBITDA Margin %	25.41	29.18	23.91	8.61	18.39
EBITA Margin %	17.44	20.18	14.82	3.13	10.7
EBIT Margin %	14.93	17.12	12.06	1.47	8.43
Income From Continuing Operations Margin %	8.92	12.05	10.34	1.17	5.31
Net Income Margin %	6.03	10.66	9.65	0.72	4.08
Net Avail. For Common Margin %