Income Statement Ayen Enerji

Equities

AYEN

TRAAYENW91L0

Electric Utilities

Market Closed - Borsa Istanbul Other stock markets 08:38:03 20/09/2024 pm IST			5-day change	1st Jan Change
30.16 ^TRY	-0.46%		+5.09%	+24.94%

14/06	Ayen Enerji A.S. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
20/05	Ayen Enerji A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

4ad6838d211a55.rUqv7y79pF7dgy7UexfHJyV1um5gBD7HTMHs4hB5QO4._3_DmWq1kza353-3FlyrS1wg4ykMYlSJAPKp1CUgDtrbeZaWZJPVbo_Cbw

Published financial data: AYEN ENERJI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	513M	568M	1.57B	6.79B	5.29B
Total Revenues	513M	568M	1.57B	6.79B	5.29B
Selling General & Admin Expenses, Total	23.76M	28.34M	32.76M	68.59M	231M
Other Operating Expenses	305M	369M	1.04B	4.59B	4.23B
Total Operating Expenses	328M	397M	1.07B	4.65B	4.46B
Operating Income (REIT / Utility Template)	185M	171M	502M	2.14B	829M
Interest Expense, Total	-132M	-137M	-165M	-253M	-447M
Interest and Investment Income	40.51M	63.71M	201M	364M	795M
Net Interest Expenses	-91.08M	-73.14M	36.91M	111M	348M
Currency Exchange Gains (Loss)	-51.37M	-178M	-394M	-292M	-328M
Other Non Operating Income (Expenses)	-4.4M	-1.17M	-2.16M	-4.81M	355M
EBT, Excl. Unusual Items	37.77M	-81.32M	143M	1.95B	1.2B
Gain (Loss) on Sale of Investments	-	-	-274K	-	-31.98M
Insurance Settlements	4.81M	-	-	-	-
EBT, Incl. Unusual Items	42.58M	-81.32M	143M	1.95B	1.17B
Income Tax Expense	22.22M	18.44M	13.17M	294M	-169M
Earnings From Continuing Operations	20.37M	-99.76M	129M	1.66B	1.34B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	20.37M	-99.76M	129M	1.66B	1.34B
Minority Interest	670K	8.23M	-17.75M	-61.96M	-220M
Net Income - (IS)	21.04M	-91.52M	112M	1.59B	1.12B
Net Income to Common Incl Extra Items	21.04M	-91.52M	112M	1.59B	1.12B
Net Income to Common Excl. Extra Items	21.04M	-91.52M	112M	1.59B	1.12B
Per Share Items
Net EPS - Basic	0.1	-0.33	0.4	5.74	4.04
Basic EPS - Continuing Operations	0.1	-0.33	0.4	5.74	4.04
Basic Weighted Average Shares Outstanding	208M	278M	278M	278M	278M
Net EPS - Diluted	0.1	-0.33	0.4	5.74	4.04
Diluted EPS - Continuing Operations	0.1	-0.33	0.4	5.74	4.04
Diluted Weighted Average Shares Outstanding	208M	278M	278M	278M	278M
Normalized Basic EPS	0.12	-0.15	0.26	4.17	1.92
Normalized Diluted EPS	0.12	-0.15	0.26	4.17	1.92
Dividend Per Share	-	-	0.11	0.98	-
Payout Ratio	-	-	-	0.6	34.7
Supplemental Items
EBITDA	256M	257M	621M	2.32B	1.33B
EBITA	185M	171M	503M	2.14B	829M
EBIT	185M	171M	502M	2.14B	829M
Effective Tax Rate - (Ratio)	52.17	-22.67	9.24	15.08	-14.43
Current Domestic Taxes	-	-	12.33M	62M	174M
Current Foreign Taxes	-	-	4.99M	147M	52.17M
Total Current Taxes	14.21M	17.11M	17.32M	209M	226M
Deferred Domestic Taxes	-	-	-11.98M	24.67M	-405M
Deferred Foreign Taxes	-	-	7.82M	59.79M	9.66M
Total Deferred Taxes	8M	1.32M	-4.15M	84.46M	-396M
Normalized Net Income	24.28M	-42.59M	71.53M	1.16B	533M
Interest on Long-Term Debt	3.06M	6.41M	5.78M	11.34M	46.62M
Supplemental Operating Expense Items
General and Administrative Expenses	23.76M	28.34M	32.76M	68.59M	231M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	19.55M	71.51M	244M	2B	356M
Accounts Receivable, Total	52.09M	91.3M	335M	549M	455M
Other Receivables	1.9M	2.29M	17.77M	281M	923M
Accounts Receivable (Summary Subtotal)	53.99M	93.59M	353M	831M	1.38B
Inventory - (Utility Template)	-	-	10.02M	-	-
Prepaid Expenses	3.94M	4.51M	14.83M	49.69M	42.58M
Other Current Assets, Total	105M	33.74M	108M	340M	144M
Total Current Assets	182M	203M	730M	3.22B	1.92B
Gross Property Plant And Equipment	2.45B	3.23B	4.94B	6.7B	16.66B
Accumulated Depreciation	-298M	-440M	-786M	-1.16B	-4.5B
Net Property Plant And Equipment	2.15B	2.79B	4.16B	5.54B	12.16B
Goodwill	17.46M	17.46M	17.46M	17.46M	10.14M
Other Intangibles, Total	8.86M	873K	1.31M	338K	951K
Long-Term Investments - (Utility Template)	412K	412K	412K	412K	412K
Accounts Receivable Long-Term	147M	141M	201M	200M	123M
Loans Receivable Long-Term - (Utility Template)	64.89M	96.51M	167M	231M	345M
Deferred Tax Assets Long-Term (Collected)	36.89M	47.32M	70.9M	56.35M	204M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	42.16M	22.55M	231M	360M	1.67B
Total Assets	2.65B	3.32B	5.58B	9.62B	16.44B
Liabilities
Accounts Payable, Total	17.42M	26.9M	104M	260M	98.73M
Accrued Expenses, Total	4.54M	8.56M	38.99M	170M	104M
Short-Term Borrowings	180M	236M	429M	326M	352M
Current Portion of Long-Term Debt	210M	251M	531M	603M	929M
Current Portion of Leases	9.08M	10.19M	12.5M	25.04M	42.91M
Current Income Taxes Payable	13.35M	16.62M	17.44M	202M	92.14M
Unearned Revenue, Current	7.29M	7.94M	44.38M	667K	-
Other Current Liabilities - (Bank / Utility Template)	14.86M	35.29M	2.02M	620M	4.03M
Total Current Liabilities	456M	592M	1.18B	2.21B	1.62B
Long-Term Debt	1.36B	1.78B	2.49B	2.83B	3.86B
Long-Term Leases	26.1M	18.61M	18.57M	114M	157M
Unearned Revenue Non Current	14.99M	7.79M	600K	-	-
Pension & Other Post Retirement Benefits	4.3M	4.49M	5.77M	13.63M	20.52M
Deferred Tax Liability Non-Current	33.51M	45.28M	69.95M	144M	300M
Other Non Current Liabilities, Total	445K	445K	445K	445K	27.14K
Total Liabilities	1.89B	2.45B	3.76B	5.31B	5.96B
Common Stock, Total	278M	278M	278M	278M	278M
Additional Paid In Capital	232K	232K	232K	232K	629K
Retained Earnings	28.91M	-70.34M	41.32M	1.6B	4.53B
Comprehensive Income and Other	380M	582M	1.33B	2.16B	4.88B
Total Common Equity	687M	789M	1.65B	4.04B	9.68B
Minority Interest	68.4M	81.16M	163M	278M	795M
Total Equity	755M	870M	1.81B	4.31B	10.48B
Total Liabilities And Equity	2.65B	3.32B	5.58B	9.62B	16.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	277M	277M	277M	277M	277M
ECS Total Common Shares Outstanding	277M	277M	277M	277M	277M
Book Value / Share	2.47	2.84	5.95	14.55	34.89
Tangible Book Value	660M	771M	1.63B	4.02B	9.67B
Tangible Book Value Per Share	2.38	2.78	5.88	14.48	34.85
Total Debt	1.78B	2.3B	3.48B	3.9B	5.34B
Net Debt	1.76B	2.23B	3.24B	1.9B	4.98B
Minority Interest, Total (Incl. Fin. Div)	68.4M	81.16M	163M	278M	795M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	75.79M	75.81M	16.41M	24.05M	58.86M
Buildings, Total	7.33M	7.33M	4.38M	4.38M	54.79M
Machinery, Total	2.32B	3.11B	4.87B	6.6B	16.09B
Full Time Employees	265	249	255	254	258
Accumulated Allowance for Doubtful Accounts (Supple)	2M	2.25M	2.8M	3.38M	4.06M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	21.04M	-91.52M	112M	1.59B	1.12B
Depreciation, Depletion & Amortization	72.26M	86.82M	120M	183M	509M
Amortization of Goodwill and Intangible Assets - (CF)	329K	135K	98.92K	406K	323K
Total Depreciation, Depletion & Amortization	72.59M	86.96M	120M	183M	509M
Amortization of Deferred Charges, Total	2.25M	2.25M	2.25M	3.14M	24.04M
(Gain) Loss On Sale of Asset - (CF)	-7.19M	-7.19M	-6.92M	-7.79M	-
Total Asset Writedown	-2.5M	16.33M	-3.5M	-127M	-149M
Provision and Write-off of Bad Debts	125K	54.42K	192K	149K	29.37M
Change in Accounts Receivable	52.22M	-17.64M	-164M	45.3M	1.72B
Change in Accounts Payable	-40.9M	-4.28M	45.11M	93.38M	-1.58B
Change in Unearned Revenues	-2.82M	648K	36.44M	-36.52M	-1.1M
Change in Other Net Operating Assets (Collected)	-14.52M	115M	-189M	-511M	-192M
Other Operating Activities	210M	312M	570M	1.3B	-3.66B
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	290M	413M	523M	2.53B	-2.18B
Capital Expenditure	-4.85M	-180M	-842K	-63.89M	-158M
Sale of Property, Plant, and Equipment	-	-	75.74K	-	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-34.69K	-31.73K	-20.57K	-198K	-181K
Sale (Purchase) of Real Estate Properties (Collected)	-61.95K	-	-	-	-
Other Investing Activities, Total	-910K	21.19M	-	-	-
Cash from Investing	-5.85M	-159M	-787K	-64.08M	-158M
Long-Term Debt Issued, Total	192M	407M	411M	1.04B	975M
Total Debt Issued	192M	407M	411M	1.04B	975M
Long-Term Debt Repaid, Total	-426M	-499M	-653M	-1.63B	-2.01B
Total Debt Repaid	-426M	-499M	-653M	-1.63B	-2.01B
Issuance of Common Stock	16.22M	-	-	-	-
Common Dividends Paid	-	-	-	-9.53M	-389M
Common & Preferred Stock Dividends Paid	-	-	-	-9.53M	-389M
Other Financing Activities, Total	-170M	-115M	-141M	-185M	-290M
Cash from Financing	-388M	-208M	-383M	-790M	-1.71B
Foreign Exchange Rate Adjustments	1.85M	5.97M	33.59M	77.91M	1.12B
Net Change in Cash	-102M	51.96M	172M	1.76B	-2.94B
Supplemental Items
Cash Interest Paid	175M	125M	153M	233M	391M
Cash Income Tax Paid (Refund)	7.73M	13.84M	17M	68.66M	579M
Net Debt Issued / Repaid	-234M	-92.44M	-242M	-595M	-1.04B
Levered Free Cash Flow	11M	-1.22M	89.03M	1.61B	-696M
Unlevered Free Cash Flow	91M	82.06M	190M	1.77B	-440M
Change In Net Working Capital	92.1M	-68.54M	243M	-312M	1.31B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.34	3.58	7.06	17.56	2.96
Return on Total Capital	4.68	3.74	7.42	19.76	3.29
Return On Equity %	3.11	-12.28	9.64	54.02	13.59
Return on Common Equity	3.61	-12.4	9.16	56.03	12.25
Margin Analysis
Gross Profit Margin %	38.39	33.33	36.03	37.86	19.73
SG&A Margin	4.63	4.99	2.08	1.01	4.36
EBITDA Margin %	49.96	45.23	39.41	34.12	25.17
EBITA Margin %	36.05	30.1	31.92	31.45	15.69
EBIT Margin %	35.98	30.07	31.91	31.45	15.68
Income From Continuing Operations Margin %	3.97	-17.56	8.22	24.37	25.39
Net Income Margin %	4.1	-16.11	7.09	23.46	21.23
Net Avail. For Common Margin %	4.1	-16.11	7.09	23.46	21.23
Normalized Net Income Margin	4.73	-7.5	4.54	17.03	10.08
Levered Free Cash Flow Margin	2.14	-0.21	5.65	23.72	-13.16
Unlevered Free Cash Flow Margin	17.74	14.45	12.04	26.01	-8.33
Asset Turnover
Asset Turnover	0.19	0.19	0.35	0.89	0.3
Fixed Assets Turnover	0.24	0.23	0.45	1.4	0.44
Receivables Turnover (Average Receivables)	7.18	8.19	7.38	15.35	7.77
Short Term Liquidity
Current Ratio	0.4	0.34	0.62	1.46	1.18
Quick Ratio	0.16	0.28	0.51	1.28	1.07
Operating Cash Flow to Current Liabilities	0.64	0.7	0.44	1.15	-1.35
Days Sales Outstanding (Average Receivables)	50.82	44.69	49.44	23.78	46.97
Average Days Payable Outstanding	43.81	19.51	-	15.72	22.65
Long Term Solvency
Total Debt/Equity	236	264.06	191.9	90.36	50.98
Total Debt / Total Capital	70.24	72.53	65.74	47.47	33.77
LT Debt/Equity	183.2	207.01	138.29	68.24	38.34
Long-Term Debt / Total Capital	54.52	56.86	47.38	35.84	25.4
Total Liabilities / Total Assets	71.48	73.8	67.48	55.17	36.26
EBIT / Interest Expense	1.4	1.25	3.05	8.42	1.86
EBITDA / Interest Expense	1.95	1.88	3.78	9.15	3
(EBITDA - Capex) / Interest Expense	1.92	0.57	3.78	8.9	2.64
Total Debt / EBITDA	6.93	8.91	5.59	1.68	3.99
Net Debt / EBITDA	6.85	8.64	5.2	0.82	3.73
Total Debt / (EBITDA - Capex)	7.06	29.61	5.6	1.73	4.53
Net Debt / (EBITDA - Capex)	6.98	28.69	5.21	0.84	4.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-34.07	10.72	177.19	331.26	-54.57
Gross Profit, 1 Yr. Growth %	15.74	-3.9	199.66	353.23	-75.44
EBITDA, 1 Yr. Growth %	17.99	0.22	141.54	273.33	-66.78
EBITA, 1 Yr. Growth %