Cash flow Ausnet Services

Stocks

AST

AU000000AST5

Market Closed - Australian S.E. 00:10:51 2022-02-04 EST			5-day change	1st Jan Change
2.590 ^AUD	-.--%		-.--%	-

04-06	AusNet Pty Ltd Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-23	AusNet Pty Ltd Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: AUSNET SERVICES

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Revenues - (Utility Template)	1.92B	2.07B	2.2B	2.29B	2.46B
Total Revenues	1.92B	2.07B	2.2B	2.29B	2.46B
Operations And Maintenance	132M	145M	169M	205M	218M
Selling General & Admin Expenses, Total	96.3M	119M	125M	184M	153M
Depreciation & Amortization - (IS) - (Collected)	464M	496M	525M	517M	564M
Other Operating Expenses	496M	541M	600M	614M	676M
Total Operating Expenses	1.19B	1.3B	1.42B	1.52B	1.61B
Operating Income (REIT / Utility Template)	736M	771M	781M	770M	853M
Interest Expense, Total	-320M	-375M	-428M	-447M	-480M
Interest and Investment Income	40M	26.13M	27.8M	37.5M	50.5M
Net Interest Expenses	-280M	-349M	-400M	-410M	-429M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	12.2M	-22.93M	-30.3M	-6.8M	-24.4M
EBT, Excl. Unusual Items	468M	399M	351M	354M	400M
Impairment of Goodwill	-23.8M	-	-12M	-	-
Gain (Loss) on Sale of Assets	-13.5M	-8.93M	-8.5M	-11.3M	-8.3M
Asset Writedown	-6.9M	4M	-2.4M	1.8M	-
EBT, Incl. Unusual Items	424M	394M	328M	344M	391M
Income Tax Expense	122M	-1.96B	-493M	201M	122M
Earnings From Continuing Operations	302M	2.36B	820M	144M	269M
Net Income to Company	302M	2.36B	820M	144M	269M
Net Income - (IS)	302M	2.36B	820M	144M	269M
Net Income to Common Incl Extra Items	302M	2.36B	820M	144M	269M
Net Income to Common Excl. Extra Items	302M	2.36B	820M	144M	269M
Per Share Items
Net EPS - Basic	0.08	-	-	-	-
Basic EPS - Continuing Operations	0.08	-	-	-	-
Basic Weighted Average Shares Outstanding	3.76B	-	-	-	-
Net EPS - Diluted	0.08	-	-	-	-
Diluted EPS - Continuing Operations	0.08	-	-	-	-
Diluted Weighted Average Shares Outstanding	3.76B	-	-	-	-
Normalized Basic EPS	0.08	-	-	-	-
Normalized Diluted EPS	0.08	-	-	-	-
Dividend Per Share	0.1	0.05	-	-	-
Payout Ratio	77.69	15.39	18.21	12.47	7.06
Supplemental Items
Utility Revenues	1.69B	1.8B	1.88B	2.01B	2.15B
Non Utility Revenues	233M	277M	323M	277M	316M
EBITDA	1.13B	1.18B	1.21B	1.21B	1.32B
EBITA	736M	771M	781M	770M	853M
EBIT	736M	771M	781M	770M	853M
EBITDAR	1.14B	890M	1.22B	1.21B	1.33B
Effective Tax Rate - (Ratio)	28.77	-498.48	-150.38	58.3	31.2
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	9M	-21.2M	1.6M	-40.2M	6.2M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	113M	-1.94B	-494M	236M	113M
Normalized Net Income	293M	249M	219M	221M	250M
Interest Capitalized	20M	13.5M	28.9M	39.6M	43.5M
Interest on Long-Term Debt	4.1M	312M	478M	494M	540M
Non-Cash Pension Expense	-1.2M	-1.7M	-3.4M	-3.2M	-3.5M
Supplemental Operating Expense Items
General and Administrative Expenses	82.2M	109M	113M	146M	141M
Net Rental Expense, Total	2.8M	2.2M	3.9M	2M	2.9M
Imputed Operating Lease Interest Expense	767K	845K	1.39M	719K	1.06M
Imputed Operating Lease Depreciation	2.03M	2.16M	2.51M	1.28M	1.84M
Stock-Based Comp., Other (Total)	1.2M	906K	1.76M	-	-
Total Stock-Based Compensation	1.2M	906K	1.76M	-	-

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Assets
Cash And Equivalents	828M	16.5M	5.6M	2.9M	7.4M
Short Term Investments - (Utility / Insurance Templates)	720M	-	-	-	-
Trading Asset Securities, Total	100K	104M	126M	121M	93M
Accounts Receivable, Total	198M	188M	224M	256M	253M
Other Receivables	6.2M	300K	100K	40.3M	34M
Accounts Receivable (Summary Subtotal)	205M	189M	225M	297M	287M
Inventory - (Utility Template)	43.5M	47.4M	49.3M	54.6M	63M
Restricted Cash	200K	200K	-	-	-
Other Current Assets, Total	44.8M	50.2M	91.1M	60.8M	232M
Total Current Assets	1.84B	407M	497M	536M	682M
Gross Property Plant And Equipment	14.42B	15.51B	16.35B	18.65B	19.85B
Accumulated Depreciation	-4.26B	-4.86B	-5.2B	-5.59B	-6.04B
Net Property Plant And Equipment	10.16B	10.65B	11.15B	13.05B	13.81B
Goodwill	12M	12M	-	-	-
Other Intangibles, Total	1.72B	1.77B	1.75B	513M	695M
Long-Term Investments - (Utility Template)	130M	747M	482M	434M	504M
Accounts Receivable Long-Term	442M	318M	385M	480M	563M
Deferred Tax Assets Long-Term (Collected)	-	318M	892M	675M	515M
Other Long-Term Assets, Total	324M	335M	356M	533M	377M
Total Assets	14.63B	14.55B	15.5B	16.22B	17.14B
Liabilities
Accounts Payable, Total	38.4M	46.4M	72.5M	77.8M	74.4M
Accrued Expenses, Total	279M	257M	274M	356M	422M
Short-Term Borrowings	-	-	31.8M	14.1M	34.7M
Current Portion of Long-Term Debt	325M	24.5M	778M	783M	374M
Current Portion of Leases	6.9M	7.5M	8.3M	6.2M	12.5M
Current Income Taxes Payable	-	6M	-	-	1.2M
Unearned Revenue, Current	67.7M	108M	188M	142M	126M
Other Current Liabilities - (Bank / Utility Template)	46.3M	188M	146M	110M	92.4M
Total Current Liabilities	763M	632M	1.5B	1.49B	1.14B
Long-Term Debt	9.29B	9.94B	9.66B	10.3B	11.21B
Long-Term Leases	84.4M	57M	54.3M	43.6M	69.4M
Unearned Revenue Non Current	209M	214M	213M	261M	290M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	708M	1.01B	-	-	-
Other Non Current Liabilities, Total	143M	373M	257M	220M	175M
Total Liabilities	11.19B	11.21B	11.68B	12.32B	12.88B
Common Stock, Total	5.49B	5.23B	5.23B	5.23B	5.23B
Retained Earnings	787M	2.13B	2.79B	2.92B	3.18B
Comprehensive Income and Other	-2.84B	-4.01B	-4.2B	-4.24B	-4.14B
Total Common Equity	3.43B	3.34B	3.82B	3.9B	4.26B
Total Equity	3.43B	3.34B	3.82B	3.9B	4.26B
Total Liabilities And Equity	14.63B	14.55B	15.5B	16.22B	17.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.8B	-	-	-	-
ECS Total Common Shares Outstanding	3.8B	-	-	-	-
Book Value / Share	0.9	-	-	-	-
Tangible Book Value	1.71B	1.56B	2.08B	3.39B	3.57B
Tangible Book Value Per Share	0.45	-	-	-	-
Total Debt	9.7B	10.03B	10.53B	11.15B	11.7B
Net Debt	8.16B	9.91B	10.4B	11.03B	11.6B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-61.7M	-65M	-63.5M	-69.1M	-77.3M
Debt Equivalent Oper. Leases	22.4M	24M	31.2M	16M	23.2M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	252M	273M	273M	282M	284M
Buildings, Total	623M	672M	690M	734M	795M
Machinery, Total	727M	730M	724M	2.6B	13.42B
Full Time Employees	1.5K	-	-	1.45K	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.7M	400K	300K	600K	1.7M

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Net Income	302M	2.36B	820M	144M	269M
Depreciation, Depletion & Amortization	409M	416M	440M	443M	479M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	409M	416M	440M	443M	479M
Amortization of Deferred Charges, Total	55.3M	79.6M	85M	73.4M	84.4M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
Change in Accounts Receivable	-	-	-	-	-
Change in Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	63.9M	-42M	66.5M	21.6M	5.8M
Other Operating Activities	14.6M	-2.02B	-519M	148M	30M
Cash from Operations	844M	795M	893M	830M	868M
Capital Expenditure	-745M	-787M	-986M	-1.25B	-1.3B
Sale of Property, Plant, and Equipment	600K	3.6M	1.7M	600K	800K
Investment in Marketable and Equity Securities, Total	-470M	720M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.2M	2.53M	7.8M	54.4M	13.3M
Other Investing Activities, Total	8.8M	8.8M	-	-	-
Cash from Investing	-1.2B	-781M	-976M	-1.2B	-1.29B
Long-Term Debt Issued, Total	2.13B	2.18B	1.53B	1.57B	2.67B
Total Debt Issued	2.13B	2.9B	1.53B	1.57B	2.67B
Long-Term Debt Repaid, Total	-864M	-1.84B	-1.31B	-1.19B	-2.23B
Total Debt Repaid	-864M	-2.45B	-1.31B	-1.19B	-2.23B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-600K	-439M	-	-	-
Common Dividends Paid	-235M	-363M	-149M	-17.9M	-19M
Common & Preferred Stock Dividends Paid	-235M	-363M	-149M	-17.9M	-19M
Special Dividend Paid	-	-	-	-	-
Cash from Financing	1.03B	-356M	72M	362M	422M
Net Change in Cash	673M	-342M	-10.9M	-2.7M	4.5M
Supplemental Items
Cash Income Tax Paid (Refund)	78.5M	-9.2M	-	-	7.6M
Net Debt Issued / Repaid	1.27B	446M	221M	380M	440M
Levered Free Cash Flow	203M	-66.06M	-235M	-574M	-642M
Unlevered Free Cash Flow	403M	137M	32.23M	-294M	-342M
Change In Net Working Capital	-223M	-30.4M	-2.6M	42.5M	139M

Fiscal Period: December	2021 (AUD)	2022 (AUD)	2023 (AUD)	2024 (AUD)	2025 (AUD)
Profitability
Return on Assets	3.18	2.72	3.25	3.04	3.2
Return on Total Capital	3.5	3.11	3.52	3.28	3.44
Return On Equity %	9.38	8.19	22.91	3.72	6.59
Return on Common Equity	9.38	8.19	22.91	3.72	6.59
Margin Analysis
Gross Profit Margin %	86.72	86.33	86.04	84.76	83.61
SG&A Margin	14.21	13.35	12.15	14.1	12.92
EBITDA Margin %	58.94	57.14	55.12	52.7	53.68
EBITA Margin %	38.25	37.2	35.5	33.64	34.63
EBIT Margin %	38.25	37.2	35.5	33.64	34.63
Income From Continuing Operations Margin %	15.7	113.73	37.28	6.27	10.93
Net Income Margin %	15.7	113.73	37.28	6.27	10.93
Net Avail. For Common Margin %	15.7	113.73	37.28	6.27	10.93
Normalized Net Income Margin	15.21	12.03	9.96	9.66	10.14
Levered Free Cash Flow Margin	10.56	-3.4	-10.7	-25.05	-26.06
Unlevered Free Cash Flow Margin	20.95	7.04	1.46	-12.85	-13.89
Asset Turnover
Asset Turnover	0.13	0.14	0.15	0.14	0.15
Fixed Assets Turnover	0.19	0.19	0.2	0.18	0.18
Receivables Turnover (Average Receivables)	9.08	9.96	10.66	9.52	9.67
Inventory Turnover (Average Inventory)	5.83	6.55	6.35	6.72	6.87
Short Term Liquidity
Current Ratio	2.41	0.64	0.33	0.36	0.6
Quick Ratio	2.3	0.49	0.24	0.28	0.34
Operating Cash Flow to Current Liabilities	1.11	1.26	0.6	0.56	0.76
Days Sales Outstanding (Average Receivables)	40.2	36.63	34.23	38.43	37.74
Days Outstanding Inventory (Average Inventory)	62.64	55.73	57.45	54.48	53.16
Average Days Payable Outstanding	56.65	36.61	69.97	77.63	67.4
Cash Conversion Cycle (Average Days)	46.19	55.76	21.72	15.28	23.5
Long Term Solvency
Total Debt/Equity	282.52	300.19	275.33	285.54	274.34
Total Debt / Total Capital	73.86	75.01	73.36	74.06	73.29
LT Debt/Equity	272.84	299.23	253.94	264.96	264.46
Long-Term Debt / Total Capital	71.33	74.77	67.66	68.73	70.65
Total Liabilities / Total Assets	76.52	77.05	75.34	75.93	75.13
EBIT / Interest Expense	2.3	2.05	1.82	1.72	1.78
EBITDA / Interest Expense	3.58	3.16	2.85	2.71	2.78
(EBITDA - Capex) / Interest Expense	1.25	1.07	0.55	-0.08	0.07
Total Debt / EBITDA	8.48	8.45	8.62	9.19	8.78
Net Debt / EBITDA	7.13	8.34	8.51	9.08	8.71
Total Debt / (EBITDA - Capex)	24.29	25.04	44.63	-308.01	357.76
Net Debt / (EBITDA - Capex)	20.42	24.74	44.07	-304.58	354.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.69	0.98	6.2	4.06	7.56
Gross Profit, 1 Yr. Growth %	-0.96	-0.14	5.84	2.51	6.84
EBITDA, 1 Yr. Growth %	-1.83	-9.27	2.43	-0.5	9.57
EBITA, 1 Yr. Growth %	-1.71	-16.15	1.34	-1.4	10.73
EBIT, 1 Yr. Growth %	-1.7	-16.15	1.34	-1.4	10.73
Earnings From Cont. Operations, 1 Yr. Growth %	3.92	-28.1	-65.19	-82.5	87.47
Net Income, 1 Yr. Growth %	3.92	-28.1	-65.19	-82.5	87.47
Diluted EPS Before Extra, 1 Yr. Growth %	1.96	-	-	-	-
Normalized Net Income, 1 Yr. Growth %	8.68	-30.49	-12.09	0.94	12.91
Net Property, Plant and Equip., 1 Yr. Growth %	2.88	2.12	4.64	5.5	5.8
Inventory, 1 Yr. Growth %	-1.58	-5.75	4.01	10.75	15.38
Accounts Receivable, 1 Yr. Growth %	-11.93	-3.48	19.16	14.25	-1.36
Total Assets, 1 Yr. Growth %	2.41	-6.35	6.52	4.64	5.69
Tangible Book Value, 1 Yr. Growth %	37.15	-95.12	33.03	2.69	9.43
Cash From Operations, 1 Yr. Growth %	17.19	-3.82	12.39	-7.06	4.61
Capital Expenditures, 1 Yr. Growth %	-17.23	3.46	25.28	26.82	3.96
Levered Free Cash Flow, 1 Yr. Growth %	-181.64	-132.5	-	143.7	11.88
Unlevered Free Cash Flow, 1 Yr. Growth %	-841.29	-66.09	-	-1.01K	16.28
Dividend Per Share, 1 Yr. Growth %	-6.86	-50	-	-	-
Common Equity, 1 Yr. Growth %	14.28	-45.59	14.47	2.12	9.2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.68	-0.87	-	5.12	5.8
Gross Profit, 2 Yr. CAGR %	1.4	-0.55	-	4.17	4.29
EBITDA, 2 Yr. CAGR %	1.32	-5.62	-	0.95	4.41
EBITA, 2 Yr. CAGR %	2.43	-9.22	-	-0.04	4.49
EBIT, 2 Yr. CAGR %	2.47	-9.21	-	-0.04	4.49
Earnings From Cont. Operations, 2 Yr. CAGR %	9.08	-13.56	-	-75.32	-42.72
Net Income, 2 Yr. CAGR %	9.08	-13.56	-	-75.32	-42.72
Diluted EPS Before Extra, 2 Yr. CAGR %	7.06	-	-	-	-
Normalized Net Income, 2 Yr. CAGR %	9.1	-13.09	-	-5.8	6.76
Net Property, Plant and Equip., 2 Yr. CAGR %	3.09	2.5	-	10.69	5.65
Inventory, 2 Yr. CAGR %	-7.19	-3.69	-	7.33	13.04
Accounts Receivable, 2 Yr. CAGR %	-3.08	-7.8	-	16.68	6.16
Total Assets, 2 Yr. CAGR %	6.84	-2.07	-	5.57	5.16
Common Equity, 2 Yr. CAGR %	2.19	-21.14	-	8.12	5.6
Tangible Book Value, 2 Yr. CAGR %	5.96	-74.14	-	47.36	3.95
Cash From Operations, 2 Yr. CAGR %	1.88	6.17	-	2.2	-1.4
Capital Expenditures, 2 Yr. CAGR %	-8.65	-7.46	-	26.05	14.82
Levered Free Cash Flow, 2 Yr. CAGR %	-17.07	-48.49	-	-	65.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	91.4	58.55	-	-	225.8
Dividend Per Share, 2 Yr. CAGR %	-1.14	-31.76	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.26	1.45	-	-	5.93
Gross Profit, 3 Yr. CAGR %	0.58	0.89	-	-	4.81
EBITDA, 3 Yr. CAGR %	0.81	-2.34	-	-	3.75
EBITA, 3 Yr. CAGR %	0.87	-4.18	-	-	3.43
EBIT, 3 Yr. CAGR %	0.89	-4.16	-	-	3.43
Earnings From Cont. Operations, 3 Yr. CAGR %	1.21	-5.07	-	-	-51.48
Net Income, 3 Yr. CAGR %	1.21	-5.07	-	-	-51.48
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.18	-	-	-	-
Normalized Net Income, 3 Yr. CAGR %	2.76	-6.12	-	-	0.07
Net Property, Plant and Equip., 3 Yr. CAGR %	3.87	2.77	-	-	9.04
Inventory, 3 Yr. CAGR %	0.94	-6.71	-	-	9.95
Accounts Receivable, 3 Yr. CAGR %	0.84	-3.21	-	-	10.33
Total Assets, 3 Yr. CAGR %	5.34	2.25	-	-	5.61
Common Equity, 3 Yr. CAGR %	-1.15	-17.17	-	-	8.48
Tangible Book Value, 3 Yr. CAGR %	-1.45	-62.03	-	-	31.72
Cash From Operations, 3 Yr. CAGR %	-1.6	-0.06	-	-	3
Capital Expenditures, 3 Yr. CAGR %	0.57	-4.78	-	-	18.21
Levered Free Cash Flow, 3 Yr. CAGR %	77.3	-39.31	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	22.61	7.5	-	-	-
Dividend Per Share, 3 Yr. CAGR %	0.89	-21.23	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.06	0.65	-	-	-
Gross Profit, 5 Yr. CAGR %	-0.11	0.81	-	-	-
EBITDA, 5 Yr. CAGR %	0.54	-0.02	-	-	-
EBITA, 5 Yr. CAGR %	-0.53	-1.15	-	-	-
EBIT, 5 Yr. CAGR %	-0.52	-1.13	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.19	-3.17	-	-	-
Net Income, 5 Yr. CAGR %	-9.19	-3.17	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-10.44	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	0.18	-2.5	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	3.94	3.4	-	-	-
Inventory, 5 Yr. CAGR %	-3.51	-1.09	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-1.1	-2.78	-	-	-
Total Assets, 5 Yr. CAGR %	4.61	3.11	-	-	-
Common Equity, 5 Yr. CAGR %	-0.7	-12.76	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-0.82	-46.65	-	-	-
Cash From Operations, 5 Yr. CAGR %	3.53	1.8	-	-	-
Capital Expenditures, 5 Yr. CAGR %	1.47	-2.79	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	51.62	-24.24	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.48	13.44	-	-	-
Dividend Per Share, 5 Yr. CAGR %	2.18	-11.6	-	-	-