Income Statement Arise AB CBOE

Stocks

ARISEs

SE0002095604

Electric Utilities

Real-time CBOE 11:25:00 2020-12-01 EST			5-day change	1st Jan Change
37.20 ^SEK	-.--%		-.--%	+55.00%

02-26	Arise Sells Finnish Battery Project of 125 MW	FW
02-26	Arise Subsidiary Sells 125 MW Battery Project	FW

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Published financial data: ARISE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Revenues - (Utility Template)	130M	278M	1.16B	503M	470M
Other Revenues, Total	-	-	-	-	-
Total Revenues	130M	278M	1.16B	503M	470M
Selling General & Admin Expenses, Total	65M	77M	124M	92M	142M
Depreciation & Amortization - (IS) - (Collected)	70M	61M	61M	64M	80M
Other Operating Expenses	33M	59M	190M	126M	104M
Total Operating Expenses	168M	197M	375M	282M	326M
Operating Income (REIT / Utility Template)	-38M	81M	789M	221M	144M
Interest Expense, Total	-78M	-14M	-26M	-63M	-73M
Interest and Investment Income	4M	-	6M	38M	46M
Net Interest Expenses	-74M	-14M	-20M	-25M	-27M
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	16M	-2M	11M	9M	0
Other Non Operating Income (Expenses)	-12M	-5M	-8M	-5M	19M
EBT, Excl. Unusual Items	-108M	60M	772M	200M	136M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-	-2M	-	-	-2M
EBT, Incl. Unusual Items	-108M	58M	772M	200M	134M
Income Tax Expense	-	1M	-	-	-37M
Earnings From Continuing Operations	-108M	57M	772M	200M	171M
Net Income to Company	-108M	57M	772M	200M	171M
Minority Interest	-	-	-	6M	10M
Net Income - (IS)	-108M	57M	772M	206M	181M
Net Income to Common Incl Extra Items	-108M	57M	772M	206M	181M
Net Income to Common Excl. Extra Items	-108M	57M	772M	206M	181M
Per Share Items
Net EPS - Basic	-3.09	1.52	18.6	4.67	4.24
Basic EPS - Continuing Operations	-3.09	1.52	18.6	4.67	4.24
Basic Weighted Average Shares Outstanding	34.97M	37.51M	41.5M	44.16M	42.65M
Net EPS - Diluted	-3.09	1.49	18.6	4.65	4.24
Diluted EPS - Continuing Operations	-3.09	1.49	18.6	4.65	4.24
Diluted Weighted Average Shares Outstanding	34.97M	44.62M	41.5M	44.16M	42.65M
Normalized Basic EPS	-1.93	1	11.63	2.97	2.23
Normalized Diluted EPS	-1.93	0.84	11.63	2.97	2.23
Dividend Per Share	-	-	1	1.2	1.25
Payout Ratio	-	-	-	21.36	28.18
Supplemental Items
Utility Revenues	84M	173M	210M	239M	191M
Non Utility Revenues	46M	105M	959M	267M	293M
EBITDA	28M	138M	846M	278M	217M
EBITA	-38M	81M	789M	221M	144M
EBIT	-38M	81M	789M	221M	144M
EBITDAR	30M	143M	859M	282M	222M
Total Revenues (As Reported)	130M	278M	1.17B	507M	485M
Effective Tax Rate - (Ratio)	-	1.72	-	-	-27.61
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	1M	-	-	-
Normalized Net Income	-67.5M	37.5M	482M	131M	95M
Interest on Long-Term Debt	2M	3M	3M	3M	3M
Supplemental Operating Expense Items
Net Rental Expense, Total	2M	5M	13M	4M	5M
Imputed Operating Lease Interest Expense	1.56M	928K	3.41M	1.83M	2.39M
Imputed Operating Lease Depreciation	443K	4.07M	9.59M	2.17M	2.61M

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Assets
Cash And Equivalents	86M	70M	1.22B	917M	762M
Trading Asset Securities, Total	-	1M	26M	12M	3M
Accounts Receivable, Total	23M	105M	209M	280M	319M
Other Receivables	12M	15M	12M	22M	23M
Accounts Receivable (Summary Subtotal)	35M	120M	221M	302M	342M
Inventory - (Utility Template)	1M	1M	-	-	-
Prepaid Expenses	9M	15M	16M	20M	28M
Other Current Assets, Total	12M	5M	-	46M	-1M
Total Current Assets	143M	212M	1.48B	1.3B	1.13B
Gross Property Plant And Equipment	2.26B	2.24B	2.24B	2.29B	2.76B
Accumulated Depreciation	-1.07B	-1.13B	-1.18B	-1.24B	-1.31B
Net Property Plant And Equipment	1.18B	1.1B	1.06B	1.06B	1.45B
Other Intangibles, Total	-	25M	25M	30M	31M
Long-Term Investments - (Utility Template)	-	-	26M	27M	27M
Loans Receivable Long-Term - (Utility Template)	-	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	-	32M	23M	-	37M
Other Long-Term Assets, Total	90M	138M	299M	1.4B	1.19B
Total Assets	1.42B	1.51B	2.92B	3.81B	3.87B
Liabilities
Accounts Payable, Total	15M	23M	49M	27M	36M
Accrued Expenses, Total	20M	28M	44M	71M	54M
Current Portion of Long-Term Debt	19M	146M	27M	53M	600M
Current Portion of Leases	3M	4M	2M	6M	7M
Unearned Revenue, Current	1M	2M	2M	17M	57M
Other Current Liabilities - (Bank / Utility Template)	1M	158M	134M	2M	2M
Total Current Liabilities	59M	361M	258M	176M	756M
Long-Term Debt	552M	370M	925M	1.08B	579M
Long-Term Leases	58M	55M	55M	59M	67M
Deferred Tax Liability Non-Current	1M	-	-	-	-
Other Non Current Liabilities, Total	45M	49M	62M	292M	273M
Total Liabilities	715M	835M	1.3B	1.6B	1.68B
Common Stock, Total	3M	3M	4M	4M	4M
Additional Paid In Capital	1.39B	1.44B	1.57B	1.5B	1.34B
Retained Earnings	-701M	-643M	129M	337M	525M
Comprehensive Income and Other	11M	-119M	-84M	47M	12M
Total Common Equity	703M	676M	1.62B	1.89B	1.88B
Minority Interest	-	-	-	318M	314M
Total Equity	703M	676M	1.62B	2.2B	2.19B
Total Liabilities And Equity	1.42B	1.51B	2.92B	3.81B	3.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.44M	38.57M	44.44M	43.88M	41.42M
ECS Total Common Shares Outstanding	36.44M	38.57M	44.44M	43.88M	41.42M
Book Value / Share	19.29	17.53	36.36	43.01	45.37
Tangible Book Value	703M	651M	1.59B	1.86B	1.85B
Tangible Book Value Per Share	19.29	16.88	35.8	42.32	44.62
Total Debt	632M	575M	1.01B	1.19B	1.25B
Net Debt	546M	504M	-237M	264M	488M
Debt Equivalent Oper. Leases	16M	40M	104M	32M	40M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	318M	314M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	1M	1M	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	2M	2M	1M	1M	4M
Buildings, Total	-	-	-	-	-
Machinery, Total	2.19B	2.17B	2.18B	2.23B	2.68B
Full Time Employees	31	30	41	67	73
Accumulated Allowance for Doubtful Accounts (Supple)	8M	8M	9M	-	-

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Net Income	-108M	57M	772M	206M	181M
Depreciation, Depletion & Amortization	70M	61M	62M	63M	80M
Total Depreciation, Depletion & Amortization	70M	61M	62M	63M	80M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-	2M	-	1M	2M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Change in Accounts Receivable	56M	-91M	-104M	-97M	-32M
Change In Inventories	8M	-	1M	-	-
Change in Other Net Operating Assets (Collected)	-26M	23M	62M	7M	42M
Other Operating Activities	65M	-3M	130M	42M	6M
Cash from Operations	65M	49M	923M	222M	279M
Capital Expenditure	-34M	-124M	-176M	-354M	-225M
Sale of Property, Plant, and Equipment	-	94M	-	-	-
Cash Acquisitions	-	-	-	-137M	-
Investment in Marketable and Equity Securities, Total	-	-	-130M	-47M	-3M
Other Investing Activities, Total	-	-	1M	-1M	-
Cash from Investing	-34M	-30M	-305M	-539M	-228M
Long-Term Debt Issued, Total	416M	-	523M	207M	61M
Total Debt Issued	416M	-	523M	207M	61M
Long-Term Debt Repaid, Total	-657M	-24M	-24M	-65M	-63M
Total Debt Repaid	-657M	-24M	-24M	-65M	-63M
Issuance of Common Stock	-	-	3M	-	-
Repurchase of Common Stock	-	-	-	-24M	-110M
Common Dividends Paid	-	-	-	-44M	-51M
Common & Preferred Stock Dividends Paid	-	-	-	-44M	-51M
Other Financing Activities, Total	-67M	-12M	-38M	-63M	-75M
Cash from Financing	-308M	-36M	464M	11M	-238M
Foreign Exchange Rate Adjustments	-2M	2M	68M	3M	31M
Miscellaneous Cash Flow Adjustments	-	-	-	-	1M
Net Change in Cash	-279M	-15M	1.15B	-303M	-155M
Supplemental Items
Cash Interest Paid	79M	12M	33M	62M	76M
Cash Income Tax Paid (Refund)	-	1M	4M	4M	3M
Net Debt Issued / Repaid	-241M	-24M	499M	142M	-2M
Levered Free Cash Flow	-29.5M	67.88M	284M	-435M	-69.62M
Unlevered Free Cash Flow	19.25M	76.62M	300M	-396M	-24M
Change In Net Working Capital	-7M	-89M	79M	243M	-31M

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Profitability
Return on Assets	-1.48	3.46	22.28	4.11	2.35
Return on Total Capital	-1.58	3.92	25.44	4.59	2.63
Return On Equity %	-15.42	8.27	67.36	10.47	7.78
Return on Common Equity	-15.42	8.27	67.36	11.76	9.61
Margin Analysis
Gross Profit Margin %	104.62	95.32	88.66	93.64	97.45
SG&A Margin	80	44.24	16.07	36.18	52.13
EBITDA Margin %	21.54	49.64	72.68	55.27	46.17
EBITA Margin %	-29.23	29.14	67.78	43.94	30.64
EBIT Margin %	-29.23	29.14	67.78	43.94	30.64
Income From Continuing Operations Margin %	-83.08	20.5	66.32	39.76	36.38
Net Income Margin %	-83.08	20.5	66.32	40.95	38.51
Net Avail. For Common Margin %	-83.08	20.5	66.32	40.95	38.51
Normalized Net Income Margin	-51.92	13.49	41.45	26.04	20.21
Levered Free Cash Flow Margin	-22.69	24.42	24.39	-86.53	-14.81
Unlevered Free Cash Flow Margin	14.81	27.56	25.78	-78.7	-5.11
Asset Turnover
Asset Turnover	0.08	0.19	0.53	0.15	0.12
Fixed Assets Turnover	0.11	0.24	1.08	0.47	0.38
Receivables Turnover (Average Receivables)	2.63	4.34	7.41	2.06	1.57
Inventory Turnover (Average Inventory)	-1.33	13	-	-	-
Short Term Liquidity
Current Ratio	2.42	0.59	5.75	7.37	1.5
Quick Ratio	2.05	0.53	5.69	6.99	1.46
Operating Cash Flow to Current Liabilities	1.1	0.14	3.58	1.26	0.37
Days Sales Outstanding (Average Receivables)	139.36	84.03	49.23	177.42	233.23
Days Outstanding Inventory (Average Inventory)	-274.5	28.08	-	-	-
Average Days Payable Outstanding	-351.92	533.46	-	433.44	960.75
Cash Conversion Cycle (Average Days)	216.78	-421.36	-	-	-
Long Term Solvency
Total Debt/Equity	89.9	85.06	62.44	54.1	57.14
Total Debt / Total Capital	47.34	45.96	38.44	35.11	36.36
LT Debt/Equity	86.77	62.87	60.64	51.43	29.46
Long-Term Debt / Total Capital	45.69	33.97	37.33	33.37	18.75
Total Liabilities / Total Assets	50.42	55.26	44.58	42.08	43.3
EBIT / Interest Expense	-0.49	5.79	30.35	3.51	1.97
EBITDA / Interest Expense	0.41	10.14	32.73	4.51	3.07
(EBITDA - Capex) / Interest Expense	-0.03	1.29	25.96	-1.11	-0.01
Total Debt / EBITDA	19.75	4.05	1.19	4.2	5.59
Net Debt / EBITDA	17.06	3.55	-0.28	0.93	2.18
Total Debt / (EBITDA - Capex)	-316	31.94	1.49	-17.04	-1.25K
Net Debt / (EBITDA - Capex)	-273	28	-0.35	-3.77	-488
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-71.3	113.85	241.35	-56.79	-6.56
Gross Profit, 1 Yr. Growth %	-65.83	94.85	271.22	-54.36	-2.76
EBITDA, 1 Yr. Growth %	-86.92	392.86	517.52	-67.14	-22.22
EBITA, 1 Yr. Growth %	-126.76	-313.16	886.25	-71.99	-35.14
EBIT, 1 Yr. Growth %	-126.76	-313.16	886.25	-71.99	-35.14
Earnings From Cont. Operations, 1 Yr. Growth %	-54.04	-152.78	1.25K	-74.09	-14.5
Net Income, 1 Yr. Growth %	-54.04	-152.78	1.25K	-73.32	-12.14
Diluted EPS Before Extra, 1 Yr. Growth %	-56.07	-148.24	1.15K	-75	-8.73
Normalized Net Income, 1 Yr. Growth %	-370	-155.56	1.19K	-72.85	-27.83
Net Property, Plant and Equip., 1 Yr. Growth %	-3.42	-6.84	-3.99	-0.19	36.67
Inventory, 1 Yr. Growth %	-87.5	0	-	-	-
Accounts Receivable, 1 Yr. Growth %	-69.74	356.52	99.05	33.97	13.93
Total Assets, 1 Yr. Growth %	-21	6.56	92.98	30.56	1.6
Tangible Book Value, 1 Yr. Growth %	0.72	-7.4	144.39	16.72	-0.48
Cash From Operations, 1 Yr. Growth %	-80.12	-24.62	545.45	-76.03	25.68
Capital Expenditures, 1 Yr. Growth %	-48.48	264.71	41.94	101.14	-36.44
Levered Free Cash Flow, 1 Yr. Growth %	-131.42	-338.16	315.93	-254.34	-83.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-85.28	278.4	289.77	-231.9	-93.93
Dividend Per Share, 1 Yr. Growth %	-	-	-	20	4.17
Common Equity, 1 Yr. Growth %	0.72	-3.84	139.05	16.77	-0.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-38.44	-21.66	199.23	21.45	-36.46
Gross Profit, 2 Yr. CAGR %	-33.98	-18.4	175.47	30.16	-33.38
EBITDA, 2 Yr. CAGR %	-61.71	-19.7	449.68	42.45	-49.35
EBITA, 2 Yr. CAGR %	-43.25	-24.47	355.67	66.21	-57.28
EBIT, 2 Yr. CAGR %	-43.25	-24.47	355.67	66.21	-57.28
Earnings From Cont. Operations, 2 Yr. CAGR %	126.78	-50.75	167.36	87.32	-52.94
Net Income, 2 Yr. CAGR %	126.78	-50.75	167.36	90.11	-51.58
Diluted EPS Before Extra, 2 Yr. CAGR %	121.55	-53.96	145.4	76.66	-52.23
Normalized Net Income, 2 Yr. CAGR %	96.4	22.47	167.36	86.9	-55.63
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.52	-5.14	-5.42	-2.11	16.8
Inventory, 2 Yr. CAGR %	-64.64	-64.64	-	-	-
Accounts Receivable, 2 Yr. CAGR %	-63	17.54	201.45	63.3	23.54
Total Assets, 2 Yr. CAGR %	-17.21	-8.25	43.4	58.73	15.17
Common Equity, 2 Yr. CAGR %	-7.63	-1.59	51.62	67.08	7.83
Tangible Book Value, 2 Yr. CAGR %	-7.63	-3.43	50.44	68.89	7.77
Cash From Operations, 2 Yr. CAGR %	-24.49	-61.29	276.83	24.6	-45.11
Capital Expenditures, 2 Yr. CAGR %	1.5	37.07	127.52	68.96	13.07
Levered Free Cash Flow, 2 Yr. CAGR %	-18.92	-14.97	215.6	152.53	-50.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-56.5	-23.45	284.98	126.74	-71.72
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-20.22	-6.76	36.97	56.99	11.29
Gross Profit, 3 Yr. CAGR %	-4.06	-5.3	37.38	51.3	18.11
EBITDA, 3 Yr. CAGR %	-38.94	-10.27	58.12	114.93	16.57
EBITA, 3 Yr. CAGR %	-5.48	-11.79	77.12	79.83	21.64
EBIT, 3 Yr. CAGR %	-5.48	-11.79	77.12	79.83	21.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-15.66	39.49	48.66	22.8	44.22
Net Income, 3 Yr. CAGR %	-15.66	39.49	48.66	24.02	46.98
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.96	33.29	38.31	14.61	41.75
Normalized Net Income, 3 Yr. CAGR %	58.74	28.92	168.24	24.74	36.32
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.51	-3.98	-4.76	-3.71	9.41
Inventory, 3 Yr. CAGR %	-37	-50	-	-	-
Accounts Receivable, 3 Yr. CAGR %	-30.33	-14.5	40.1	130.04	44.83
Total Assets, 3 Yr. CAGR %	-12.6	-9.95	17.56	38.99	36.8
Common Equity, 3 Yr. CAGR %	-5.87	-6.39	32.29	38.98	40.6
Tangible Book Value, 3 Yr. CAGR %	-5.87	-7.55	31.6	38.24	41.59
Cash From Operations, 3 Yr. CAGR %	-12.19	-24.53	41.32	50.6	24.96
Capital Expenditures, 3 Yr. CAGR %	-17.25	55.47	38.67	118.36	21.97
Levered Free Cash Flow, 3 Yr. CAGR %	-31.55	14.79	44.61	148.1	0.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.89	-9.02	31.91	169.39	-32.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-23.21	-14.06	35.38	7.96	0.74
Gross Profit, 5 Yr. CAGR %	-11.25	8.9	46.3	8.59	2.85
EBITDA, 5 Yr. CAGR %	-32.91	0	47.06	7.8	0.28
EBITA, 5 Yr. CAGR %	-18.85	9.69	77.33	13.37	0.28
EBIT, 5 Yr. CAGR %	-18.85	9.69	77.33	13.37	0.28
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.09	6.81	33.8	56.95	-6.16
Net Income, 5 Yr. CAGR %	-7.09	6.81	33.8	57.88	-5.09
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.95	3.91	28.09	49.19	-9.6
Normalized Net Income, 5 Yr. CAGR %	36.25	12.03	95.55	49.57	30.6
Net Property, Plant and Equip., 5 Yr. CAGR %	-7.5	-6	-4.28	-3.23	3.34
Inventory, 5 Yr. CAGR %	-56.2	-44.51	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-24.7	16	25.18	10.76	33.23
Total Assets, 5 Yr. CAGR %	-12.52	-9.29	6.54	12.97	16.6
Common Equity, 5 Yr. CAGR %	-8.4	-7.9	13.9	18.02	21.9
Tangible Book Value, 5 Yr. CAGR %	-8.4	-8.59	13.55	17.65	21.5
Cash From Operations, 5 Yr. CAGR %	-17.49	-23.33	57.25	14.26	-3.13
Capital Expenditures, 5 Yr. CAGR %	3.96	23.59	24.01	60.73	27.8
Levered Free Cash Flow, 5 Yr. CAGR %	21.81	-5.8	25.28	57.52	-5.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-23.51	-12.67	50.5	31.22	-28.76