Cash flow Huaneng Power International, Inc.

Equities

902 CNE1000006Z4

Independent Power Producers

Market Closed - Hong Kong S.E. Other stock markets 04:08:05 2024-09-13 am EDT			5-day change	1st Jan Change
4.110 ^HKD	+1.23%		-7.22%	-0.72%

Sep. 10	Huaneng Power International's Parent Boosts Stake in Firm	MT
Sep. 10	Huaneng Structural Adjustment No. 1 Fund to Take Minority Stake in Huaneng Power International	MT

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Published financial data: HUANENG POWER INTERNATIONAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	165B	162B	194B	236B	246B
Other Revenues, Total	8.33B	7.65B	10.65B	10.33B	7.93B
Total Revenues	173B	169B	205B	247B	254B
Operations And Maintenance	-	-	-	-	-
Selling General & Admin Expenses, Total	4.58B	5.01B	5.79B	5.82B	6.69B
R&D Expenses	65.02M	668M	1.32B	1.61B	1.53B
Provision for Bad Debts	48.24M	23.66M	-60.22M	-46.22M	4.42M
Other Operating Expenses	150B	142B	207B	241B	225B
Total Operating Expenses	155B	147B	214B	248B	233B
Operating Income (REIT / Utility Template)	18.75B	22B	-9.2B	-1.15B	21.1B
Interest Expense, Total	-10.76B	-9.23B	-8.8B	-9.96B	-8.94B
Interest and Investment Income	1.68B	1.99B	1.11B	1.42B	3.3B
Net Interest Expenses	-9.08B	-7.24B	-7.69B	-8.55B	-5.63B
Currency Exchange Gains (Loss)	-50.3M	263M	49.1M	254M	-285M
Other Non Operating Income (Expenses)	-186M	-309M	-63.35M	162M	-26.22M
EBT, Excl. Unusual Items	9.43B	14.71B	-16.9B	-9.28B	15.15B
Impairment of Goodwill	-	-564M	-	-722M	-295M
Gain (Loss) on Sale of Investments	19.49M	-1.57M	-	-	-5.98M
Gain (Loss) on Sale of Assets	137M	-612M	541M	164M	-314M
Asset Writedown	-5.79B	-5.51B	-89.34M	-2B	-2.63B
Insurance Settlements	-	8.28M	-	-	-
Other Unusual Items	1.02B	782M	2.18B	2.14B	1.1B
EBT, Incl. Unusual Items	4.81B	8.81B	-14.28B	-9.7B	13B
Income Tax Expense	2.43B	3.11B	-1.6B	382M	3.92B
Earnings From Continuing Operations	2.38B	5.7B	-12.67B	-10.08B	9.08B
Net Income to Company	2.38B	5.7B	-12.67B	-10.08B	9.08B
Minority Interest	-691M	-1.14B	2.41B	2.7B	-637M
Net Income - (IS)	1.69B	4.56B	-10.26B	-7.39B	8.45B
Preferred Dividend and Other Adjustments	686M	1.77B	2.14B	2.19B	2.92B
Net Income to Common Incl Extra Items	1B	2.79B	-12.4B	-9.58B	5.53B
Net Income to Common Excl. Extra Items	1B	2.79B	-12.4B	-9.58B	5.53B
Per Share Items
Net EPS - Basic	0.06	0.18	-0.79	-0.61	0.35
Basic EPS - Continuing Operations	0.06	0.18	-0.79	-0.61	0.35
Basic Weighted Average Shares Outstanding	15.7B	15.7B	15.7B	15.7B	15.7B
Net EPS - Diluted	0.06	0.18	-0.79	-0.61	0.35
Diluted EPS - Continuing Operations	0.06	0.18	-0.79	-0.61	0.35
Diluted Weighted Average Shares Outstanding	15.7B	15.7B	15.7B	15.7B	15.7B
Normalized Basic EPS	0.33	0.51	-0.52	-0.2	0.56
Normalized Diluted EPS	0.33	0.51	-0.52	-0.2	0.56
Dividend Per Share	0.14	0.18	-	-	0.2
Payout Ratio	783.37	300.83	-147.11	-194.35	138.03
American Depositary Receipts Ratio (ADR)	40	40	40	40	40
Supplemental Items
Utility Revenues	165B	162B	194B	236B	246B
Non Utility Revenues	8.37B	7.7B	10.71B	10.37B	8B
EBITDA	39.21B	42.83B	12.13B	22.15B	45.75B
EBITA	19.02B	22.3B	-8.87B	-773M	21.51B
EBIT	18.75B	22B	-9.2B	-1.15B	21.1B
EBITDAR	39.81B	43.15B	12.49B	22.73B	46.27B
Total Revenues (As Reported)	173B	169B	205B	247B	254B
Effective Tax Rate - (Ratio)	50.59	35.29	11.23	-3.94	30.14
Total Current Taxes	2.48B	2.82B	1.04B	882M	1.85B
Total Deferred Taxes	-46.69M	289M	-2.64B	-500M	2.07B
Normalized Net Income	5.2B	8.05B	-8.16B	-3.11B	8.83B
Interest Capitalized	580M	928M	1.3B	994M	688M
Interest on Long-Term Debt	2.21B	2.72B	3.05B	2.77B	2.41B
Non-Cash Pension Expense	2.91M	2.44M	6.74M	50.95M	11.28M
Supplemental Operating Expense Items
Selling and Marketing Expenses	117M	148M	193M	180M	238M
General and Administrative Expenses	4.45B	4.85B	5.59B	5.63B	6.45B
Research And Development Expense From Footnotes	65.02M	668M	1.32B	1.61B	1.53B
Net Rental Expense, Total	607M	324M	368M	579M	520M
Imputed Operating Lease Interest Expense	220M	108M	110M	168M	133M
Imputed Operating Lease Depreciation	387M	216M	258M	411M	386M
Maintenance & Repair Expenses, Total	4.61B	5.01B	4.5B	4.49B	4.46B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	13.32B	13.87B	16.35B	17.18B	16.85B
Trading Asset Securities, Total	-	-	-	6.69M	2.26M
Accounts Receivable, Total	32.78B	38.72B	44.5B	43.48B	48.15B
Other Receivables	1.09B	2.15B	3.53B	2.73B	3.04B
Accounts Receivable (Summary Subtotal)	33.87B	40.87B	48.02B	46.22B	51.19B
Inventory - (Utility Template)	8.88B	6.6B	16.82B	12.7B	11.9B
Notes Receivable (Collected)	-	350M	75M	72.81M	-
Other Current Assets, Total	4.7B	4.44B	11.2B	10.55B	10.8B
Total Current Assets	60.78B	66.14B	92.47B	86.72B	90.74B
Gross Property Plant And Equipment	539B	574B	616B	655B	711B
Accumulated Depreciation	-256B	-272B	-291B	-315B	-337B
Net Property Plant And Equipment	283B	302B	324B	340B	374B
Goodwill	12.79B	11.7B	11.23B	11.52B	11.64B
Other Intangibles, Total	13.95B	14.09B	14.19B	14.7B	15.68B
Long-Term Investments - (Utility Template)	21.4B	22.89B	23.63B	24.61B	23.33B
Accounts Receivable Long-Term	10.52B	9.43B	8.66B	-	-
Deferred Tax Assets Long-Term (Collected)	3.27B	3B	5.5B	6.32B	4.4B
Deferred Charges Long-Term	132M	127M	268M	265M	310M
Other Long-Term Assets, Total	7.83B	8.74B	9.88B	18.62B	20.63B
Total Assets	414B	438B	490B	503B	541B
Liabilities
Accounts Payable, Total	11.85B	15.78B	25.77B	24.37B	22.56B
Accrued Expenses, Total	3.3B	2.55B	2.66B	2.25B	2.26B
Short-Term Borrowings	76.14B	71.31B	100B	89.89B	63.34B
Current Portion of Long-Term Debt	21.47B	32.51B	24.41B	19.86B	32.91B
Current Portion of Leases	433M	1.67B	778M	1.01B	1.27B
Current Income Taxes Payable	749M	288M	228M	332M	940M
Unearned Revenue, Current	2.71B	2.9B	3.27B	3.35B	3.38B
Other Current Liabilities - (Bank / Utility Template)	24.96B	27.03B	29.16B	30.28B	37.33B
Total Current Liabilities	142B	154B	186B	171B	164B
Long-Term Debt	144B	133B	166B	191B	190B
Long-Term Leases	4.28B	3.77B	5.79B	5.41B	6.23B
Unearned Revenue Non Current	2.1B	1.94B	2.59B	2.11B	1.96B
Pension & Other Post Retirement Benefits	-	-	-	38.09M	-
Deferred Tax Liability Non-Current	996M	978M	901M	1.09B	1.28B
Other Non Current Liabilities, Total	3.31B	3.37B	4.15B	5.34B	5.9B
Total Liabilities	296B	297B	366B	376B	370B
Common Stock, Total	15.7B	15.7B	15.7B	15.7B	15.7B
Additional Paid In Capital	18.45B	18.55B	17.64B	16.61B	16.5B
Retained Earnings	38.89B	39.43B	24.2B	14.89B	20.42B
Comprehensive Income and Other	25.51B	48.01B	47.71B	61.34B	79.52B
Total Common Equity	98.56B	122B	105B	109B	132B
Minority Interest	18.73B	19.78B	18.64B	18.01B	39.22B
Total Equity	117B	141B	124B	127B	171B
Total Liabilities And Equity	414B	438B	490B	503B	541B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.7B	15.7B	15.7B	15.7B	15.7B
ECS Total Common Shares Outstanding	15.7B	15.7B	15.7B	15.7B	15.7B
Book Value / Share	4.68	4.67	3.62	2.96	3.35
Tangible Book Value	71.82B	95.91B	79.83B	82.32B	105B
Tangible Book Value Per Share	2.97	3.03	2	1.29	1.6
Total Debt	246B	242B	297B	307B	294B
Net Debt	233B	228B	281B	290B	277B
Debt Equivalent Oper. Leases	4.86B	2.59B	2.95B	4.63B	4.16B
Minority Interest, Total (Incl. Fin. Div)	18.73B	19.78B	18.64B	18.01B	39.22B
Equity Method Investments, Total	20.62B	22.22B	22.9B	23.9B	22.69B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	7.31B	5.33B	15.6B	11.4B	10.71B
Inventories - Others	1.77B	1.47B	1.4B	1.49B	1.41B
Buildings, Total	12.26B	12.76B	14.99B	15.51B	14.63B
Machinery, Total	-	-	-	-	-
Full Time Employees	58.26K	57.87K	57.51K	57.07K	57.04K
Assets under Capital Lease - Gross	1.99B	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-602M	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	388M	348M	287M	238M	243M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.69B	4.56B	-10.26B	-7.39B	8.45B
Depreciation, Depletion & Amortization	20.58B	20.98B	21.33B	23.49B	24.68B
Amortization of Goodwill and Intangible Assets - (CF)	265M	305M	327M	382M	418M
Total Depreciation, Depletion & Amortization	20.84B	21.28B	21.66B	23.87B	25.1B
Amortization of Deferred Charges, Total	44.09M	21.84M	23.6M	43.75M	32.21M
(Gain) Loss On Sale of Asset - (CF)	-137M	612M	-541M	-164M	314M
(Gain) Loss on Sale of Investments - (CF)	-1.38B	-1.81B	-837M	-1.08B	-2.79B
Total Asset Writedown	5.77B	6.07B	89.34M	2.73B	2.93B
Provision for Credit Losses	-	-	-	-	-
Provision and Write-off of Bad Debts	51.28M	23.75M	49.84M	-44.22M	127M
Change in Accounts Receivable	-3.63B	-6.51B	-9.93B	2.83B	-4.33B
Change In Inventories	638M	2.24B	-10.22B	4.1B	756M
Change in Accounts Payable	2.25B	5.31B	12.69B	1.95B	2.85B
Change In Deferred Taxes	-46.69M	289M	-2.64B	-500M	2.07B
Change in Other Net Operating Assets (Collected)	-	-316M	-439M	-939M	97.46M
Other Operating Activities	11.23B	10.27B	6.4B	7.11B	9.9B
Cash from Operations	37.32B	42.05B	6.03B	32.52B	45.5B
Capital Expenditure	-31.5B	-42.67B	-43.48B	-40.73B	-59.38B
Sale of Property, Plant, and Equipment	465M	454M	515M	449M	162M
Cash Acquisitions	-71.7M	-	-	-	-199K
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	261M	-874M	-452M	-445M	788M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	1.81B	1.02B	765M	751M	3.2B
Cash from Investing	-29.03B	-42.07B	-42.66B	-39.97B	-55.23B
Long-Term Debt Issued, Total	156B	193B	261B	275B	221B
Total Debt Issued	156B	193B	261B	275B	221B
Long-Term Debt Repaid, Total	-167B	-203B	-207B	-277B	-237B
Total Debt Repaid	-167B	-203B	-207B	-277B	-237B
Issuance of Common Stock	14.98B	25.46B	-	22.55B	33.98B
Repurchase of Common Stock	-	-	-	-	-17B
Common Dividends Paid	-13.21B	-13.73B	-15.1B	-14.36B	-11.66B
Common & Preferred Stock Dividends Paid	-13.21B	-13.73B	-15.1B	-14.36B	-11.66B
Other Financing Activities, Total	-1.28B	-512M	731M	993M	20.8B
Cash from Financing	-11.33B	1.52B	39.77B	7.97B	9.42B
Foreign Exchange Rate Adjustments	63.55M	-739M	-846M	441M	-54.08M
Net Change in Cash	-2.97B	763M	2.3B	962M	-366M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	10.09B	11.36B	7.58B	2.57B	7.64B
Net Debt Issued / Repaid	-11.82B	-9.69B	54.14B	-1.21B	-16.7B
Levered Free Cash Flow	-4.23B	-13.12B	-44.36B	-17.69B	-25.1B
Unlevered Free Cash Flow	2.5B	-7.35B	-38.86B	-11.47B	-19.51B
Change In Net Working Capital	-1.39B	-268M	11.31B	-6.07B	-1.55B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.87	3.22	-1.24	-0.15	2.53
Return on Total Capital	3.26	3.68	-1.43	-0.17	2.93
Return On Equity %	2.17	4.41	-9.55	-8.04	6.1
Return on Common Equity	1.1	2.54	-10.93	-8.95	4.59
Margin Analysis
Gross Profit Margin %	14.58	17.42	-0.33	3.04	12.1
SG&A Margin	2.64	2.96	2.83	2.36	2.63
EBITDA Margin %	22.6	25.28	5.93	8.98	17.99
EBITA Margin %	10.96	13.16	-4.34	-0.31	8.46
EBIT Margin %	10.81	12.98	-4.5	-0.47	8.29
Income From Continuing Operations Margin %