Companhia Energética de Minas Gerais (CIG) Income Statement Analysis

See more : MPM Corpóreos S.A. (ESPA3.SA) Income Statement Analysis – Financial Results

Complete financial analysis of Companhia Energética de Minas Gerais (CIG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Companhia Energética de Minas Gerais, a leading company in the Diversified Utilities industry within the Utilities sector.

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Companhia Energética de Minas Gerais (CIG)

Industry: Diversified Utilities

Sector: Utilities

Website: https://www.cemig.com.br

About Companhia Energética de Minas Gerais

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	36.85B	34.46B	33.65B	25.23B	25.39B	22.27B	21.71B	18.77B	21.29B	19.54B	14.63B	18.46B	15.81B	12.86B	17.44B	9.83B	9.43B	8.64B	7.51B	7.65B	6.03B	4.87B	5.01B	3.76B
Cost of Revenue	30.03B	27.65B	26.92B	19.85B	19.60B	19.02B	18.43B	15.90B	18.32B	12.80B	11.23B	12.38B	9.96B	5.35B	4.96B	3.07B	2.86B	2.71B	2.16B	2.33B	1.95B	1.78B	3.49B	1.12B
Gross Profit	6.82B	6.81B	6.72B	5.38B	5.79B	3.25B	3.28B	2.87B	2.97B	6.74B	3.40B	6.08B	5.86B	7.52B	12.48B	6.76B	6.57B	5.93B	5.35B	5.32B	4.08B	3.09B	1.52B	2.63B
Gross Profit Ratio	18.52%	19.77%	19.98%	21.34%	22.81%	14.59%	15.10%	15.29%	13.97%	34.48%	23.22%	32.92%	37.04%	58.45%	71.56%	68.75%	69.68%	68.63%	71.20%	69.55%	67.64%	63.40%	30.34%	70.13%
Research & Development	0.00	34.56M	34.21M	42.77M	40.66M	38.24M	37.77M	47.86M	47.20M	48.51M	40.66M	34.92M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	707.42M	1.42B	572.00M	583.00M	642.00M	672.00M	763.00M	667.00M	674.00M	654.00M	799.00M	1.28B	840.96M	2.73B	2.60B	1.28B	1.02B	1.29B	0.00	0.00	819.00M	1.63B	293.00M	1.40B
Selling & Marketing	194.52M	0.00	144.00M	147.00M	238.00M	264.00M	248.00M	382.00M	175.00M	128.00M	121.00M	348.07M	189.82M	283.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	901.94M	1.42B	716.00M	730.00M	880.00M	936.00M	1.01B	1.05B	849.00M	782.00M	920.00M	1.63B	1.03B	2.73B	2.60B	1.28B	1.02B	1.29B	2.98B	940.22M	819.00M	1.63B	293.00M	1.40B
Other Expenses	0.00	428.00M	383.00M	355.00M	2.00B	875.00M	372.00M	513.00M	1.77B	905.00M	382.00M	669.00M	1.28B	269.00M	4.79B	788.00M	1.02B	859.00M	1.05B	2.37B	1.93B	932.00M	1.55B	791.00M
Operating Expenses	939.39M	1.85B	1.10B	1.09B	2.88B	471.60M	382.95M	1.56B	2.62B	1.69B	1.30B	2.30B	1.44B	3.87B	3.44B	2.07B	2.05B	2.15B	4.03B	3.31B	2.75B	2.56B	1.84B	2.19B
Cost & Expenses	30.97B	29.50B	28.02B	20.93B	22.48B	19.49B	18.82B	15.90B	18.32B	14.49B	11.23B	14.68B	11.40B	9.22B	8.40B	5.14B	4.91B	4.86B	6.19B	5.64B	4.70B	4.35B	5.33B	3.32B
Interest Income	126.00M	712.00M	460.00M	399.00M	361.00M	116.00M	803.71M	1.04B	1.47B	298.00M	300.00M	157.37M	995.00M	849.00M	384.00M	410.00M	708.00M	356.00M	277.92M	393.09M	674.00M	0.00	0.00	0.00
Interest Expense	1.03B	2.47B	1.73B	1.25B	1.32B	1.32B	1.80B	2.48B	2.20B	1.03B	792.00M	1.38B	2.05B	1.67B	799.00M	624.00M	644.00M	529.00M	326.97M	254.98M	674.00M	525.00M	48.00M	42.00M
Depreciation & Amortization	1.27B	1.18B	1.05B	989.05M	958.23M	834.59M	849.77M	834.29M	835.00M	801.00M	824.00M	1.00B	1.02B	896.00M	736.00M	769.00M	878.00M	810.00M	669.00M	677.00M	686.00M	666.00M	641.00M	583.00M
EBITDA	8.88B	5.48B	6.82B	5.70B	6.75B	4.31B	4.09B	3.71B	5.71B	6.31B	5.00B	6.77B	4.96B	4.92B	4.04B	3.90B	3.83B	2.54B	1.99B	2.59B	2.69B	1.19B	-1.22B	1.02B
EBITDA Ratio	24.11%	21.77%	20.83%	23.49%	22.90%	17.83%	19.79%	23.67%	26.74%	29.39%	34.18%	40.23%	40.67%	41.92%	23.16%	64.81%	66.61%	64.21%	26.51%	33.88%	44.58%	24.49%	6.43%	27.24%
Operating Income	5.88B	5.69B	5.96B	4.94B	4.86B	2.50B	2.64B	1.80B	4.12B	5.58B	3.40B	4.08B	4.41B	3.65B	3.30B	2.29B	2.08B	773.00M	1.32B	2.12B	1.33B	527.00M	-593.00M	440.00M
Operating Income Ratio	15.97%	16.50%	17.71%	19.57%	19.13%	11.21%	12.17%	9.61%	19.35%	28.56%	23.21%	22.12%	27.91%	28.35%	18.94%	23.27%	22.05%	8.95%	17.62%	27.67%	22.03%	10.82%	-11.85%	11.71%
Total Other Income/Expenses	966.92M	-1.57B	-1.26B	-1.14B	-387.00M	-901.59M	-743.90M	-1.44B	-1.34B	-1.10B	658.00M	1.02B	-59.00M	-825.00M	34.00M	221.00M	224.00M	426.00M	783.00M	350.00M	674.00M	-525.00M	-47.00M	-42.00M
Income Before Tax	6.85B	4.12B	4.70B	3.80B	4.47B	1.98B	1.65B	367.93M	3.38B	4.48B	4.05B	5.33B	3.36B	2.82B	3.08B	2.51B	2.30B	1.20B	2.11B	2.47B	2.00B	2.00M	-641.00M	398.00M
Income Before Tax Ratio	18.59%	11.95%	13.97%	15.07%	17.60%	8.88%	7.58%	1.96%	15.90%	22.92%	27.71%	28.90%	21.22%	21.94%	17.68%	25.52%	24.42%	13.88%	28.04%	32.24%	33.21%	0.04%	-12.80%	10.60%
Income Tax Expense	1.08B	26.00M	946.00M	936.00M	1.57B	599.12M	644.26M	33.17M	892.58M	1.34B	950.14M	1.06B	940.92M	564.00M	911.00M	755.00M	685.00M	497.00M	300.00M	731.00M	607.00M	26.00M	78.00M	32.00M
Net Income	5.76B	4.09B	3.75B	2.86B	3.13B	1.70B	1.00B	334.33M	503.00K	3.14B	2.95B	4.27B	2.42B	2.26B	1.86B	1.75B	1.62B	702.00M	1.81B	1.74B	1.40B	-12.00M	-719.00M	366.00M
Net Income Ratio	15.64%	11.87%	11.15%	11.35%	12.32%	7.64%	4.61%	1.78%	0.00%	16.05%	20.20%	23.14%	15.27%	17.55%	10.67%	17.84%	17.16%	8.13%	24.08%	22.72%	23.14%	-0.25%	-14.36%	9.74%
EPS	2.01	1.86	1.70	1.30	1.39	0.69	0.25	0.07	1.30	1.65	1.64	2.25	1.27	1.19	1.33	0.92	0.85	0.37	0.95	0.92	0.24	-0.01	-0.13	0.20
EPS Diluted	2.01	1.86	1.70	1.30	1.39	0.69	0.25	0.05	1.30	1.65	1.64	2.25	1.27	1.19	1.33	0.92	0.83	0.36	0.94	0.92	0.24	-0.01	-0.13	0.20
Weighted Avg Shares Out	2.86B	2.20B	2.20B	2.20B	2.29B	2.45B	2.20B	1.90B	1.90B	1.90B	1.90B	1.90B	1.90B	1.90B	1.73B	1.90B	1.90B	1.90B	1.90B	1.90B	5.70B	1.89B	5.59B	1.86B
Weighted Avg Shares Out (Dil)	2.86B	2.20B	2.20B	2.20B	2.29B	2.45B	2.20B	1.90B	1.90B	1.90B	1.90B	1.90B	1.90B	1.90B	1.73B	1.91B	1.94B	1.94B	1.92B	1.90B	5.70B	1.89B	5.59B	1.86B

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