Cash flow RWE AG

Equities

RWE

DE0007037129

Multiline Utilities

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Published financial data: RWE AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	13.12B	13.69B	24.53B	38.37B	28.57B
Other Revenues, Total	97M	94M	67M	-	-
Total Revenues	13.22B	13.78B	24.59B	38.37B	28.57B
Operations And Maintenance	505M	499M	538M	422M	494M
Selling General & Admin Expenses, Total	42M	30M	43M	60M	-
Depreciation & Amortization - (IS) - (Collected)	1.2B	1.42B	1.42B	1.63B	1.9B
Other Operating Expenses	12.84B	9.03B	20.96B	38.28B	20.58B
Total Operating Expenses	14.58B	10.99B	22.96B	40.39B	22.98B
Operating Income (REIT / Utility Template)	-1.36B	2.8B	1.64B	-2.03B	5.59B
Interest Expense, Total	-1.05B	-453M	-395M	-770M	-1.35B
Interest and Investment Income	193M	283M	390M	356M	838M
Net Interest Expenses	-858M	-170M	-5M	-414M	-512M
Income (Loss) on Equity Invest.	321M	375M	291M	298M	561M
Currency Exchange Gains (Loss)	-1M	71M	-29M	-302M	-109M
Other Non Operating Income (Expenses)	-37M	-258M	124M	1.28B	43M
EBT, Excl. Unusual Items	-1.93B	2.81B	2.02B	-1.17B	5.57B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	14M	-50M	19M	-57M	-
Gain (Loss) on Sale of Assets	67M	96M	405M	2.05B	330M
Asset Writedown	-1.53B	-1.73B	-952M	-193M	-1.92B
Insurance Settlements	34M	66M	33M	79M	27M
Legal Settlements	-	-	-	-	-
Other Unusual Items	2.6B	-	-	-	-
EBT, Incl. Unusual Items	-752M	1.2B	1.52B	715M	4.01B
Income Tax Expense	-92M	363M	690M	-2.28B	2.41B
Earnings From Continuing Operations	-660M	833M	832M	2.99B	1.6B
Earnings Of Discontinued Operations	9.82B	221M	-	-	-
Net Income to Company	9.16B	1.05B	832M	2.99B	1.6B
Minority Interest	-643M	-59M	-111M	-275M	-147M
Net Income - (IS)	8.51B	995M	721M	2.72B	1.45B
Preferred Dividend and Other Adjustments	15M	-	-	-	-
Net Income to Common Incl Extra Items	8.5B	995M	721M	2.72B	1.45B
Net Income to Common Excl. Extra Items	-1.32B	774M	721M	2.72B	1.45B
Per Share Items
Net EPS - Basic	13.82	1.56	1.07	3.93	1.95
Basic EPS - Continuing Operations	-2.14	1.21	1.07	3.93	1.95
Basic Weighted Average Shares Outstanding	615M	637M	676M	691M	744M
Net EPS - Diluted	13.82	1.56	1.07	3.93	1.95
Diluted EPS - Continuing Operations	-2.14	1.21	1.07	3.93	1.95
Diluted Weighted Average Shares Outstanding	615M	637M	676M	691M	744M
Normalized Basic EPS	-3.01	2.67	1.7	-1.45	4.48
Normalized Diluted EPS	-3.01	2.67	1.7	-1.45	4.48
Dividend Per Share	0.8	0.85	0.9	0.9	1
Payout Ratio	6.58	52.46	101.25	22.41	46.14
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Utility Revenues	11.43B	12.24B	22.62B	37.42B	27.77B
Non Utility Revenues	6.45B	6.38B	4.16B	944M	800M
EBITDA	-633M	4.15B	2.64B	-499M	7.3B
EBITA	-1.3B	2.93B	1.81B	-1.83B	5.9B
EBIT	-1.36B	2.8B	1.64B	-2.03B	5.59B
EBITDAR	-591M	4.24B	2.74B	-362M	7.49B
Total Revenues (As Reported)	-	-	-	38.37B	-
Effective Tax Rate - (Ratio)	12.23	30.35	45.34	-318.46	60.13
Total Current Taxes	-136M	-122M	-150M	437M	447M
Total Deferred Taxes	44M	485M	840M	-2.71B	1.96B
Normalized Net Income	-1.85B	1.7B	1.15B	-1B	3.34B
Interest Capitalized	39M	61M	80M	46M	56M
Interest on Long-Term Debt	65M	96M	122M	89M	121M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	29M	22M	24M	22M	18M
Net Rental Expense, Total	42M	95M	103M	137M	194M
Imputed Operating Lease Interest Expense	86.19M	72.27M	34.05M	46.1M	115M
Imputed Operating Lease Depreciation	-44.19M	22.73M	68.95M	90.9M	79.25M
Maintenance & Repair Expenses, Total	505M	499M	538M	422M	494M
Stock-Based Comp., Other (Total)	34M	38M	33M	43M	46M
Total Stock-Based Compensation	34M	38M	33M	43M	46M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.19B	4.77B	5.82B	6.99B	6.92B
Short Term Investments - (Utility / Insurance Templates)	3.26B	4.22B	8.04B	13.47B	7.72B
Accounts Receivable, Total	3.62B	3.01B	6.47B	9.95B	7.61B
Other Receivables	916M	555M	823M	583M	858M
Accounts Receivable (Summary Subtotal)	4.54B	3.56B	7.29B	10.53B	8.46B
Inventory - (Utility Template)	1.58B	1.63B	2.83B	4.21B	2.27B
Prepaid Expenses	144M	148M	167M	206M	264M
Notes Receivable (Collected)	1M	1M	1M	1M	8M
Other Current Assets, Total	15.52B	12.87B	79.29B	60.86B	28.34B
Total Current Assets	28.24B	27.21B	103B	96.26B	53.99B
Gross Property Plant And Equipment	55B	58B	62.89B	64.51B	63.19B
Accumulated Depreciation	-39.4B	-44.01B	-46.03B	-44.81B	-41.09B
Net Property Plant And Equipment	15.59B	13.98B	16.86B	19.7B	22.1B
Goodwill	2.39B	2.6B	2.74B	2.8B	4.45B
Other Intangibles, Total	2.41B	2.3B	3.12B	2.85B	5.32B
Long-Term Investments - (Utility Template)	7.59B	7.51B	8.35B	8.14B	9.54B
Loans Receivable Long-Term - (Utility Template)	103M	105M	101M	141M	115M
Deferred Tax Assets Long-Term (Collected)	706M	397M	663M	606M	642M
Deferred Charges Long-Term	4M	3M	3M	1M	1M
Other Long-Term Assets, Total	7.15B	7.56B	7.03B	8.04B	10.34B
Total Assets	64.19B	61.67B	142B	139B	106B
Liabilities
Accounts Payable, Total	2.99B	2.39B	4.43B	7.46B	5.11B
Accrued Expenses, Total	770M	825M	1.08B	1.33B	1.23B
Short-Term Borrowings	400M	716M	6.95B	4.35B	1.63B
Current Portion of Long-Term Debt	1.33B	445M	3.96B	6.77B	1.22B
Current Portion of Leases	83M	86M	86M	92M	115M
Current Income Taxes Payable	193M	237M	44M	225M	444M
Other Current Liabilities - (Bank / Utility Template)	13.97B	11.72B	80.46B	59.45B	24.51B
Total Current Liabilities	19.73B	16.42B	97.01B	79.68B	34.27B
Long-Term Debt	2.9B	2.73B	5.46B	8.29B	12.26B
Long-Term Leases	1.02B	1.22B	1.33B	1.5B	1.8B
Pension & Other Post Retirement Benefits	3.45B	3.86B	1.93B	900M	1.32B
Deferred Tax Liability Non-Current	2.26B	1.91B	1.95B	1.78B	5.39B
Other Non Current Liabilities, Total	17.39B	17.56B	17.63B	17.11B	18.31B
Total Liabilities	46.74B	43.7B	125B	109B	73.35B
Common Stock, Total	1.57B	1.73B	1.73B	1.73B	1.9B
Additional Paid In Capital	2.38B	4.23B	4.23B	4.23B	6.49B
Retained Earnings	8.91B	8.6B	10.7B	15.73B	14.41B
Comprehensive Income and Other	4.08B	2.63B	-1.41B	5.88B	8.76B
Total Common Equity	16.94B	17.18B	15.25B	27.58B	31.57B
Minority Interest	503M	789M	1.74B	1.7B	1.57B
Total Equity	17.45B	17.97B	17B	29.28B	33.14B
Total Liabilities And Equity	64.19B	61.67B	142B	139B	106B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	615M	676M	676M	691M	744M
ECS Total Common Shares Outstanding	615M	676M	676M	691M	744M
Book Value / Share	27.56	25.41	22.56	39.89	42.44
Tangible Book Value	12.15B	12.28B	9.4B	21.93B	21.81B
Tangible Book Value Per Share	19.76	18.16	13.9	31.72	29.32
Total Debt	5.73B	5.2B	17.79B	21B	17.03B
Net Debt	-716M	-3.8B	3.93B	547M	2.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.29B	3.69B	1.48B	220M	815M
Debt Equivalent Oper. Leases	336M	760M	824M	1.1B	1.55B
Minority Interest, Total (Incl. Fin. Div)	503M	789M	1.74B	1.7B	1.57B
Equity Method Investments, Total	3.24B	3.3B	3.02B	3.83B	4.07B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	728M	579M	436M	598M	706M
Inventories - Work In Process, Total	33M	50M	31M	43M	224M
Inventories - Finished Goods, Total	839M	999M	2.37B	3.57B	1.33B
Inventories - Others	-15M	4M	-7M	-3M	7M
Land - (BS)	5.32B	5.69B	6.13B	6.31B	6.92B
Machinery, Total	49.67B	52.3B	56.76B	58.2B	56.27B
Full Time Employees	19.79K	19.5K	18.25K	18.31K	20.14K
Accumulated Allowance for Doubtful Accounts (Supple)	32M	42M	28M	32M	35M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.51B	995M	721M	2.72B	1.45B
Depreciation, Depletion & Amortization	725M	1.31B	989M	1.43B	1.6B
Amortization of Goodwill and Intangible Assets - (CF)	61M	138M	176M	196M	307M
Total Depreciation, Depletion & Amortization	786M	1.45B	1.16B	1.63B	1.9B
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-77M	-54M	-268M	-22M	-273M
Total Asset Writedown	1.97B	1.73B	952M	-1.74B	1.92B
Restructuring Activities	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-2.79B	329M	1.02B	-551M	1.58B
Other Operating Activities	-9.38B	-324M	3.69B	374M	-2.34B
Net Cash From Discontinued Operations	-546M	50M	-	-	-
Cash from Operations	-1.52B	4.18B	7.27B	2.41B	4.24B
Capital Expenditure	-1.77B	-3.36B	-3.77B	-3.3B	-5.15B
Sale of Property, Plant, and Equipment	695M	365M	1.06B	110M	1.16B
Investment in Marketable and Equity Securities, Total	1.59B	-1.19B	-3.93B	-6.7B	1.17B
Other Investing Activities, Total	-1.24B	-172M	-1.09B	-	-
Cash from Investing	-729M	-4.35B	-7.74B	-9.89B	-2.81B
Long-Term Debt Issued, Total	15.88B	5.54B	16.48B	51.74B	36.91B
Total Debt Issued	15.88B	5.54B	16.48B	51.74B	36.91B
Long-Term Debt Repaid, Total	-14.2B	-5.48B	-14.11B	-44.56B	-37.48B
Total Debt Repaid	-14.2B	-5.48B	-14.11B	-44.56B	-37.48B
Issuance of Common Stock	-	2.23B	-	2.35B	-
Repurchase of Common Stock	-929M	-	-184M	-	-38M
Common Dividends Paid	-560M	-522M	-730M	-609M	-669M
Common & Preferred Stock Dividends Paid	-560M	-522M	-730M	-609M	-669M
Other Financing Activities, Total	35M	6M	-	-304M	-274M
Cash from Financing	224M	1.78B	1.46B	8.62B	-1.56B
Foreign Exchange Rate Adjustments	15M	-34M	58M	34M	61M
Net Change in Cash	-2.01B	1.56B	1.05B	1.16B	-71M
Supplemental Items
Cash Interest Paid	257M	299M	284M	428M	923M
Cash Income Tax Paid (Refund)	325M	72M	-163M	-77M	-800M
Net Debt Issued / Repaid	1.68B	61M	2.37B	7.18B	-576M
Levered Free Cash Flow	2.97B	424M	-2.39B	-7.14B	-1.26B
Unlevered Free Cash Flow	3.63B	708M	-2.14B	-6.66B	-416M
Change In Net Working Capital	-5.43B	-831M	593M	3.76B	711M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.18	2.78	1	-0.9	2.85
Return on Total Capital	-4.22	7.56	3.54	-2.98	6.95
Return On Equity %	-4.16	4.7	4.8	12.93	5.12
Return on Common Equity	-9.9	4.53	4.48	12.69	4.9
Margin Analysis
Gross Profit Margin %	27.52	25.17	25.79	17.19	27.72
SG&A Margin	19.79	17.65	10.43	8.32	10.22
EBITDA Margin %	-4.79	30.11	10.72	-1.3	25.54
EBITA Margin %	-9.81	21.29	7.37	-4.77	20.64
EBIT Margin %	-10.27	20.29	6.65	-5.28	19.57
Income From Continuing Operations Margin %	-4.99	6.04	3.38	7.8	5.59
Net Income Margin %	64.39	7.22	2.93	7.08	5.08
Net Avail. For Common Margin %	-9.97	5.62	2.93	7.08	5.08
Normalized Net Income Margin	-14	12.33	4.67	-2.62	11.68
Levered Free Cash Flow Margin	22.47	3.08	-9.71	-18.62	-4.41
Unlevered Free Cash Flow Margin	27.44	5.13	-8.71	-17.36	-1.46
Asset Turnover
Asset Turnover	0.18	0.22	0.24	0.27	0.23
Fixed Assets Turnover	0.99	0.93	1.59	2.1	1.37
Receivables Turnover (Average Receivables)	4.7	4.13	5.18	4.67	3.25
Inventory Turnover (Average Inventory)	5.96	6.41	8.18	9.03	6.38
Short Term Liquidity
Current Ratio	1.43	1.66	1.07	1.21	1.58
Quick Ratio	0.56	0.76	0.22	0.39	0.67
Operating Cash Flow to Current Liabilities	-0.08	0.25	0.07	0.03	0.12
Days Sales Outstanding (Average Receivables)	77.64	88.61	70.52	78.09	112.14
Days Outstanding Inventory (Average Inventory)	61.25	57.08	44.6	40.41	57.24
Average Days Payable Outstanding	103.64	94.93	63.95	65.47	122.67
Cash Conversion Cycle (Average Days)	35.25	50.77	51.16	53.02	46.71
Long Term Solvency
Total Debt/Equity	32.86	28.92	104.7	71.73	51.38
Total Debt / Total Capital	24.73	22.44	51.15	41.77	33.94
LT Debt/Equity	22.49	21.99	40	33.43	42.44
Long-Term Debt / Total Capital	16.93	17.05	19.54	19.47	28.03
Total Liabilities / Total Assets	72.82	70.86	88.06	78.87	68.88
EBIT / Interest Expense