Cash flow Naturgy Energy Group, S.A.

Equities

NTGY

ES0116870314

Natural Gas Utilities

Market Closed - BME Other stock markets 11:35:30 2025-01-22 am EST			5-day change	1st Jan Change
23.38 ^EUR	-1.68%		+0.69%	0.00%

Jan. 22	Australian fund IFM seeks second seat on Naturgy board	RE
Nov. 05	BlackRock commits to keep Naturgy listed after stake acquisition	RE

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Published financial data: NATURGY ENERGY GROUP, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	23.04B	15.34B	22.14B	33.96B	22.62B
Total Revenues	23.04B	15.34B	22.14B	33.96B	22.62B
Selling General & Admin Expenses, Total	5M	5M	4M	7M	5M
Depreciation & Amortization - (IS) - (Collected)	1.62B	1.48B	-	-	1.45B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	1.44B	1.38B	-
Provision for Bad Debts	134M	156M	99M	228M	208M
Other Operating Expenses	18.34B	11.72B	17.85B	28.91B	17.19B
Total Operating Expenses	20.1B	13.35B	19.4B	30.53B	18.86B
Operating Income (REIT / Utility Template)	2.93B	1.99B	2.74B	3.43B	3.76B
Interest Expense, Total	-652M	-515M	-510M	-568M	-675M
Interest and Investment Income	39M	22M	21M	68M	190M
Net Interest Expenses	-613M	-493M	-489M	-500M	-485M
Income (Loss) on Equity Invest.	75M	36M	90M	128M	90M
Currency Exchange Gains (Loss)	2M	-8M	-10M	-5M	-9M
Other Non Operating Income (Expenses)	12M	-28M	111M	-147M	-3M
EBT, Excl. Unusual Items	2.41B	1.5B	2.44B	2.91B	3.35B
Restructuring Charges	-168M	-197M	-410M	-	-
Impairment of Goodwill	-	-	-	-4M	-175M
Gain (Loss) on Sale of Investments	-25M	-	2M	-	-
Gain (Loss) on Sale of Assets	96M	24M	16M	20M	-23M
Asset Writedown	-38M	-1.36B	-17M	-144M	-113M
Legal Settlements	-	-	-	-236M	-
Other Unusual Items	-	-	-234M	-	-
EBT, Incl. Unusual Items	2.27B	-36M	1.8B	2.55B	3.04B
Income Tax Expense	476M	19M	358M	697M	768M
Earnings From Continuing Operations	1.8B	-55M	1.44B	1.85B	2.27B
Earnings Of Discontinued Operations	-	24M	117M	-23M	-
Net Income to Company	1.8B	-31M	1.56B	1.83B	2.27B
Minority Interest	-395M	-316M	-342M	-177M	-288M
Net Income - (IS)	1.4B	-347M	1.21B	1.65B	1.99B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	1.4B	-347M	1.21B	1.65B	1.99B
Net Income to Common Excl. Extra Items	1.4B	-371M	1.1B	1.67B	1.99B
Per Share Items
Net EPS - Basic	1.43	-0.36	1.26	1.72	2.07
Basic EPS - Continuing Operations	1.43	-0.39	1.14	1.74	2.07
Basic Weighted Average Shares Outstanding	978M	963M	961M	961M	961M
Net EPS - Diluted	1.43	-0.36	1.26	1.72	2.07
Diluted EPS - Continuing Operations	1.43	-0.39	1.14	1.74	2.07
Diluted Weighted Average Shares Outstanding	978M	963M	961M	961M	961M
Normalized Basic EPS	1.13	0.65	1.23	1.71	1.88
Normalized Diluted EPS	1.13	0.65	1.23	1.71	1.88
Dividend Per Share	1.37	1.44	1.2	0.7	1
Payout Ratio	94.15	-394.81	106.26	70.59	48.37
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
Utility Revenues	21.84B	14.34B	21.14B	32.81B	21.58B
Non Utility Revenues	1.19B	1.01B	1B	1.16B	1.04B
EBITDA	4.28B	3.31B	3.89B	4.6B	4.99B
EBITA	3.12B	2.29B	2.92B	3.61B	3.95B
EBIT	2.93B	1.99B	2.74B	3.43B	3.76B
EBITDAR	4.32B	3.35B	3.93B	4.65B	-
Effective Tax Rate - (Ratio)	20.95	-52.78	19.92	27.38	25.25
Total Current Taxes	587M	247M	398M	775M	736M
Total Deferred Taxes	-111M	-228M	-40M	-78M	32M
Normalized Net Income	1.11B	622M	1.18B	1.64B	1.81B
Interest Capitalized	-	10M	7M	22M	71M
Interest on Long-Term Debt	114M	68M	157M	186M	213M
Non-Cash Pension Expense	14M	10M	6M	11M	16M
Supplemental Operating Expense Items
Net Rental Expense, Total	38M	41M	41M	45M	-
Imputed Operating Lease Interest Expense	11.41M	9.69M	9.87M	12.83M	-
Imputed Operating Lease Depreciation	26.59M	31.31M	31.13M	32.17M	-
Stock-Based Comp., SG&A Exp. (Total)	5M	5M	4M	7M	5M
Total Stock-Based Compensation	5M	5M	4M	7M	5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.68B	3.93B	3.96B	3.98B	3.69B
Short Term Investments - (Utility / Insurance Templates)	-	-	-	-	36M
Trading Asset Securities, Total	4M	-	-	78M	83M
Accounts Receivable, Total	3.94B	2.71B	4.79B	5.16B	2.8B
Other Receivables	592M	259M	495M	420M	348M
Accounts Receivable (Summary Subtotal)	4.53B	2.97B	5.28B	5.58B	3.15B
Inventory - (Utility Template)	796M	519M	878M	1.83B	1.25B
Prepaid Expenses	92M	94M	100M	-	103M
Notes Receivable (Collected)	121M	174M	-	-	75M
Other Current Assets, Total	557M	5.27B	767M	551M	246M
Total Current Assets	8.79B	12.95B	10.99B	12.02B	8.63B
Gross Property Plant And Equipment	37.84B	35.58B	37.28B	39.44B	42.07B
Accumulated Depreciation	-16.77B	-18.07B	-19.47B	-20.9B	-22.22B
Net Property Plant And Equipment	21.06B	17.52B	17.82B	18.54B	19.86B
Goodwill	3.2B	2.89B	2.95B	3B	2.93B
Other Intangibles, Total	4.51B	2.68B	2.78B	2.97B	3.04B
Long-Term Investments - (Utility Template)	985M	848M	697M	814M	708M
Accounts Receivable Long-Term	211M	173M	182M	205M	197M
Loans Receivable Long-Term - (Utility Template)	502M	202M	203M	174M	252M
Deferred Tax Assets Long-Term (Collected)	1.52B	1.64B	2.27B	2.21B	1.92B
Other Long-Term Assets, Total	352M	642M	358M	452M	364M
Total Assets	41.14B	39.54B	38.25B	40.39B	37.89B
Liabilities
Accounts Payable, Total	3.12B	2.52B	3.41B	4.47B	2.76B
Accrued Expenses, Total	714M	615M	143M	162M	161M
Current Portion of Long-Term Debt	2.09B	2.36B	1.5B	2.12B	2.37B
Current Portion of Leases	198M	212M	196M	177M	167M
Current Income Taxes Payable	33M	182M	133M	53M	124M
Other Current Liabilities - (Bank / Utility Template)	502M	3.36B	3.94B	2.79B	1.51B
Total Current Liabilities	6.65B	9.25B	9.32B	9.78B	7.09B
Long-Term Debt	14.26B	13.64B	13.79B	12.69B	12.13B
Long-Term Leases	1.45B	1.32B	1.32B	1.31B	1.3B
Unearned Revenue Non Current	898M	871M	889M	926M	951M
Pension & Other Post Retirement Benefits	525M	459M	411M	319M	359M
Deferred Tax Liability Non-Current	2.25B	1.79B	1.79B	1.95B	2.02B
Other Non Current Liabilities, Total	1.14B	939M	1.85B	3.44B	2.12B
Total Liabilities	27.16B	28.28B	29.38B	30.41B	25.96B
Common Stock, Total	984M	970M	970M	970M	970M
Additional Paid In Capital	3.81B	3.81B	3.81B	3.81B	3.81B
Retained Earnings	11.92B	9.87B	5.26B	5.81B	6.32B
Treasury Stock	-321M	-201M	-204M	-201M	-206M
Comprehensive Income and Other	-5.84B	-6.42B	-3.95B	-2.81B	-1.44B
Total Common Equity	10.55B	8.03B	5.89B	7.57B	9.45B
Minority Interest	3.42B	3.24B	2.98B	2.4B	2.48B
Total Equity	13.98B	11.26B	8.87B	9.98B	11.93B
Total Liabilities And Equity	41.14B	39.54B	38.25B	40.39B	37.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	970M	961M	961M	961M	961M
ECS Total Common Shares Outstanding	970M	961M	961M	961M	961M
Book Value / Share	10.87	8.35	6.13	7.88	9.83
Tangible Book Value	2.84B	2.45B	155M	1.6B	3.48B
Tangible Book Value Per Share	2.92	2.55	0.16	1.67	3.62
Total Debt	17.99B	17.54B	16.81B	16.3B	15.96B
Net Debt	15.3B	13.61B	12.85B	12.24B	12.16B
Debt Equivalent of Unfunded Proj. Benefit Obligation	523M	457M	407M	315M	356M
Debt Equivalent Oper. Leases	304M	328M	328M	360M	-
Minority Interest, Total (Incl. Fin. Div)	3.42B	3.24B	2.98B	2.4B	2.48B
Equity Method Investments, Total	731M	813M	630M	656M	612M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	155M	106M	118M	126M	100M
Inventories - Finished Goods, Total	445M	265M	504M	1.1B	739M
Inventories - Others	196M	148M	256M	598M	415M
Land - (BS)	563M	439M	440M	457M	447M
Machinery, Total	34.29B	32.34B	33.51B	35.13B	37.04B
Full Time Employees	11.85K	10.54K	7.23K	6.75K	6.65K
Accumulated Allowance for Doubtful Accounts (Supple)	785M	775M	800M	857M	910M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.4B	-347M	1.21B	1.65B	1.99B
Depreciation, Depletion & Amortization	1.32B	1.18B	1.16B	1.11B	1.15B
Amortization of Goodwill and Intangible Assets - (CF)	193M	296M	183M	174M	190M
Total Depreciation, Depletion & Amortization	1.51B	1.48B	1.34B	1.29B	1.34B
Amortization of Deferred Charges, Total	96M	-	101M	98M	110M
(Gain) Loss On Sale of Asset - (CF)	-	-	-167M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	37M	-	-	-
Total Asset Writedown	38M	1.36B	17M	148M	288M
(Income) Loss On Equity Investments - (CF)	-75M	-36M	-90M	-128M	-90M
Change in Accounts Receivable	445M	649M	-2.1B	-246M	2.33B
Change In Inventories	32M	249M	-243M	-578M	370M
Change in Accounts Payable	68M	-110M	1.23B	552M	-1.87B
Other Operating Activities	504M	5M	-301M	1.46B	391M
Net Cash From Discontinued Operations	-	146M	-	-	-
Cash from Operations	4.02B	3.43B	1B	4.24B	4.86B
Capital Expenditure	-1.85B	-1.47B	-1.2B	-1.69B	-2.42B
Sale of Property, Plant, and Equipment	95M	27M	207M	162M	42M
Cash Acquisitions	-8M	-4M	317M	-17M	-611M
Divestitures	156M	263M	2.65B	24M	-
Investment in Marketable and Equity Securities, Total	62M	-5M	-135M	-42M	178M
Other Investing Activities, Total	88M	51M	61M	74M	76M
Cash from Investing	-1.46B	-1.14B	1.9B	-1.49B	-2.74B
Long-Term Debt Issued, Total	8.25B	4.82B	1.63B	783M	1.87B
Total Debt Issued	8.25B	4.82B	1.63B	783M	1.87B
Long-Term Debt Repaid, Total	-7.52B	-3.18B	-2.74B	-1.62B	-2.49B
Total Debt Repaid	-7.52B	-3.18B	-2.74B	-1.62B	-2.49B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-405M	-171M	-29M	-503M	-20M
Common Dividends Paid	-1.32B	-1.37B	-1.29B	-1.16B	-961M
Common & Preferred Stock Dividends Paid	-1.32B	-1.37B	-1.29B	-1.16B	-961M
Special Dividend Paid	-	-	-	-	-480M
Other Financing Activities, Total	-603M	-480M	-429M	-345M	-183M
Cash from Financing	-1.6B	-388M	-2.85B	-2.85B	-2.26B
Foreign Exchange Rate Adjustments	-10M	-135M	49M	118M	-154M
Miscellaneous Cash Flow Adjustments	13M	-525M	-57M	-	-
Net Change in Cash	969M	1.24B	38M	20M	-299M
Supplemental Items
Cash Interest Paid	646M	562M	488M	520M	650M
Cash Income Tax Paid (Refund)	393M	214M	864M	762M	377M
Net Debt Issued / Repaid	728M	1.63B	-1.1B	-842M	-619M
Levered Free Cash Flow	1.26B	314M	4.58B	416M	1.02B
Unlevered Free Cash Flow	1.66B	636M	4.9B	771M	1.45B
Change In Net Working Capital	-69M	617M	-2.94B	1.08B	-61M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.48	3.09	4.4	5.46	6
Return on Total Capital	5.79	4.1	6.28	8.26	8.68
Return On Equity %	12.57	-0.44	14.29	19.62	20.76
Return on Common Equity	13.03	-3.99	15.76	24.84	23.33
Margin Analysis
Gross Profit Margin %	29.19	33.93	25.34	20.25	33.21
SG&A Margin	3.36	3.98	2.42	1.65	2.66
EBITDA Margin %	18.57	21.54	17.56	13.55	22.06
EBITA Margin %	13.56	14.92	13.19	10.62	17.46
EBIT Margin %	12.72	12.99	12.37	10.11	16.62
Income From Continuing Operations Margin %	7.8	-0.36	6.5	5.44	10.05
Net Income Margin %	6.08	-2.26	5.48	4.85	8.78
Net Avail. For Common Margin %	6.08	-2.42	4.95	4.92	8.78
Normalized Net Income Margin	4.82	4.05	5.34	4.83	7.99
Levered Free Cash Flow Margin	5.46	2.04	20.7	1.23	4.53
Unlevered Free Cash Flow Margin	7.23	4.14	22.14	2.27	6.39
Asset Turnover
Asset Turnover	0.56	0.38	0.57	0.86	0.58
Fixed Assets Turnover	1.1	0.8	1.25	1.87	1.18
Receivables Turnover (Average Receivables)	5.49	4.62	5.91	6.83	5.68
Inventory Turnover (Average Inventory)	19.82	15.42	23.66	20.02	9.8
Short Term Liquidity
Current Ratio	1.32	1.4	1.18	1.23	1.22
Quick Ratio	1.09	0.75	0.99	0.99	0.98
Operating Cash Flow to Current Liabilities	0.6	0.37	0.11	0.43	0.69
Days Sales Outstanding (Average Receivables)	66.43	79.31	61.8	53.45	64.21
Days Outstanding Inventory (Average Inventory)	18.42	23.74	15.42	18.23	37.23
Average Days Payable Outstanding	71.68	104.59	64.03	51.28	90.76
Cash Conversion Cycle (Average Days)	13.17	-1.55	13.19	20.4	10.69
Long Term Solvency
Total Debt/Equity	128.7	155.69	189.47	163.35	133.8