Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG) financial statements

Utilities · Utilities - Regulated Electric · Market cap $6.9B

Companhia Energetica de Minas Gerais CEMIG Pref ADR reported revenue of 39.8B BRL in fiscal 2024, up 6.9% a year over 9 years.

Net income was 7.1B BRL.

Free cash flow was 4.6B BRL, and the company returned 1.9B BRL in dividends.

Revenue and free cash flow

Fiscal years, $ billions (BRL).

-20020402015201620172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in BRL, from Companhia Energetica de Minas Gerais CEMIG Pref ADR's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Revenue21.9B BRL18.8B BRL21.7B BRL22.3B BRL25.5B BRL25.2B BRL33.6B BRL34.5B BRL36.9B BRL39.8B BRL
Cost of revenue15.8B BRL14.4B BRL17.5B BRL17.7B BRL19.6B BRL19.8B BRL26.9B BRL27.7B BRL28.5B BRL31.7B BRL
Gross profit6.1B BRL4.3B BRL4.2B BRL4.6B BRL5.9B BRL5.4B BRL6.7B BRL6.8B BRL8.4B BRL8.2B BRL
Research and development—234M BRL233M BRL225M BRL199M BRL225M BRL—6M BRL6M BRL3M BRL
Selling, general and admin22M BRL25M BRL26M BRL28M BRL30M BRL30M BRL32M BRL898M BRL882M BRL995M BRL
Interest expense2.2B BRL2.5B BRL1.8B BRL2.2B BRL1.8B BRL3.4B BRL3.1B BRL3.1B BRL1.7B BRL2.0B BRL
Pre-tax income3.4B BRL367M BRL1.6B BRL2.0B BRL4.6B BRL3.8B BRL4.7B BRL4.1B BRL6.9B BRL9.4B BRL
Income tax893M BRL33M BRL644M BRL610M BRL1.6B BRL-936M BRL946M BRL26M BRL1.1B BRL2.2B BRL
Net income2.5B BRL334M BRL1.0B BRL1.7B BRL-3.2B BRL2.9B BRL3.8B BRL4.1B BRL5.8B BRL7.1B BRL
EPS (diluted)————0.48 BRL1.30 BRL1.70 BRL1.86 BRL——
Gross margin27.8%23.1%19.5%20.6%23.1%21.3%20.0%19.8%22.8%20.5%
Net margin11.3%1.8%4.6%7.6%-12.5%11.4%11.1%11.9%15.6%17.9%

Balance sheet

Fiscal years, in BRL, from Companhia Energetica de Minas Gerais CEMIG Pref ADR's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Cash and short-term investments—995M BRL1.0B BRL891M BRL536M BRL1.7B BRL825M BRL1.4B BRL2.3B BRL2.3B BRL
Receivables——235M BRL————207M BRL261M BRL296M BRL
Inventory—49M BRL38M BRL36M BRL39M BRL—————
Total current assets—8.3B BRL8.5B BRL27.8B BRL10.4B BRL15.5B BRL12.9B BRL13.5B BRL11.9B BRL12.2B BRL
Property, plant and equipment3.9B BRL3.8B BRL2.8B BRL2.7B BRL2.5B BRL2.4B BRL2.4B BRL2.4B BRL3.3B BRL3.7B BRL
Total assets—42.0B BRL42.2B BRL59.9B BRL50.5B BRL54.1B BRL52.0B BRL53.7B BRL55.0B BRL59.7B BRL
Total current liabilities—11.4B BRL8.7B BRL23.4B BRL7.9B BRL9.7B BRL10.7B BRL11.2B BRL13.1B BRL14.1B BRL
Long-term debt—10.3B BRL12.0B BRL12.6B BRL12.0B BRL13.0B BRL——7.2B BRL9.4B BRL
Total liabilities—29.1B BRL27.9B BRL43.9B BRL-34.4B BRL36.6B BRL32.6B BRL31.9B BRL30.3B BRL32.3B BRL
Shareholders' equity13.0B BRL12.9B BRL14.3B BRL14.6B BRL15.9B BRL17.5B BRL19.5B BRL21.8B BRL24.6B BRL27.4B BRL
Net debt—14.2B BRL13.4B BRL13.9B BRL14.2B BRL13.3B BRL640M BRL-486M BRL8.3B BRL10.4B BRL

Cash flow

Fiscal years, in BRL, from Companhia Energetica de Minas Gerais CEMIG Pref ADR's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Operating cash flow3.0B BRL1.2B BRL580M BRL1.0B BRL2.0B BRL8.6B BRL3.7B BRL6.5B BRL6.6B BRL5.5B BRL
Capital spending1.1B BRL1.1B BRL1.1B BRL878M BRL1.0B BRL173M BRL233M BRL292M BRL1.3B BRL919M BRL
Free cash flow1.9B BRL72M BRL-537M BRL130M BRL1.0B BRL8.4B BRL3.5B BRL6.3B BRL5.4B BRL4.6B BRL
Dividends paid————701M BRL-598M BRL——533M BRL1.9B BRL
Net borrowing——-11M BRL———————
Free cash flow margin8.8%0.4%-2.5%0.6%4.1%33.4%10.3%18.1%14.6%11.5%
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Questions

What was Companhia Energetica de Minas Gerais CEMIG Pref ADR's revenue in 2024?

39.8B BRL in fiscal 2024, from its 10-K filing.

How much free cash flow does Companhia Energetica de Minas Gerais CEMIG Pref ADR generate?

4.6B BRL in fiscal 2024 (operating cash flow minus capital spending).

From Companhia Energetica de Minas Gerais CEMIG Pref ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.