Terna Rete Elettrica Nazionale SpA
MIL:TRN
Income Statement
Earnings Waterfall
Terna Rete Elettrica Nazionale SpA
Revenue
|
3.1B
EUR
|
Cost of Revenue
|
-660m
EUR
|
Gross Profit
|
2.5B
EUR
|
Operating Expenses
|
-1.1B
EUR
|
Operating Income
|
1.4B
EUR
|
Other Expenses
|
-465m
EUR
|
Net Income
|
885.4m
EUR
|
Income Statement
Terna Rete Elettrica Nazionale SpA
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 845
N/A
|
1 836
0%
|
1 868
+2%
|
1 864
0%
|
1 923
+3%
|
1 952
+2%
|
1 969
+1%
|
1 971
+0%
|
2 012
+2%
|
1 996
-1%
|
2 052
+3%
|
2 065
+1%
|
2 033
-2%
|
2 053
+1%
|
2 047
0%
|
2 105
+3%
|
2 184
+4%
|
2 225
+2%
|
2 258
+1%
|
2 279
+1%
|
2 273
0%
|
2 826
+24%
|
3 360
+19%
|
3 382
+1%
|
2 288
-32%
|
3 423
+50%
|
3 480
+2%
|
3 509
+1%
|
2 378
-32%
|
4 869
+105%
|
4 920
+1%
|
4 956
+1%
|
2 535
-49%
|
5 029
+98%
|
5 110
+2%
|
5 138
+1%
|
2 898
-44%
|
4 272
+47%
|
4 429
+4%
|
4 529
+2%
|
3 123
-31%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(221)
|
(219)
|
(234)
|
(263)
|
(305)
|
(320)
|
(330)
|
(332)
|
(328)
|
(333)
|
(336)
|
(324)
|
(339)
|
(341)
|
(343)
|
(353)
|
(413)
|
(403)
|
(460)
|
(459)
|
(446)
|
(509)
|
(556)
|
(564)
|
(398)
|
(567)
|
(610)
|
(627)
|
(446)
|
(877)
|
(882)
|
(903)
|
(500)
|
(977)
|
(1 005)
|
(1 014)
|
(594)
|
(860)
|
(906)
|
(925)
|
(660)
|
|
Gross Profit |
1 624
N/A
|
1 617
0%
|
1 634
+1%
|
1 601
-2%
|
1 618
+1%
|
1 632
+1%
|
1 640
+0%
|
1 638
0%
|
1 684
+3%
|
1 663
-1%
|
1 717
+3%
|
1 741
+1%
|
1 694
-3%
|
1 711
+1%
|
1 705
0%
|
1 752
+3%
|
1 771
+1%
|
1 822
+3%
|
1 798
-1%
|
1 820
+1%
|
1 826
+0%
|
2 317
+27%
|
2 804
+21%
|
2 818
+1%
|
1 890
-33%
|
2 856
+51%
|
2 869
+0%
|
2 882
+0%
|
1 931
-33%
|
3 992
+107%
|
4 038
+1%
|
4 053
+0%
|
2 035
-50%
|
4 052
+99%
|
4 105
+1%
|
4 125
+0%
|
2 305
-44%
|
3 412
+48%
|
3 523
+3%
|
3 605
+2%
|
2 463
-32%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(586)
|
(577)
|
(598)
|
(583)
|
(624)
|
(632)
|
(637)
|
(634)
|
(641)
|
(658)
|
(708)
|
(744)
|
(661)
|
(666)
|
(644)
|
(672)
|
(679)
|
(741)
|
(707)
|
(729)
|
(733)
|
(934)
|
(1 140)
|
(1 147)
|
(749)
|
(1 133)
|
(1 167)
|
(1 088)
|
(825)
|
(1 617)
|
(1 703)
|
(1 717)
|
(843)
|
(1 683)
|
(1 730)
|
(1 733)
|
(976)
|
(1 476)
|
(1 563)
|
(1 586)
|
(1 112)
|
|
Selling, General & Administrative |
(148)
|
(145)
|
(150)
|
(152)
|
(163)
|
(166)
|
(165)
|
(164)
|
(164)
|
(176)
|
(182)
|
(189)
|
(211)
|
(190)
|
(191)
|
(187)
|
(194)
|
(160)
|
(195)
|
(202)
|
(201)
|
(160)
|
(160)
|
0
|
(185)
|
(221)
|
(227)
|
(265)
|
(202)
|
(337)
|
(350)
|
(352)
|
(225)
|
(407)
|
(420)
|
(424)
|
(292)
|
(390)
|
(417)
|
(422)
|
(326)
|
|
Depreciation & Amortization |
(443)
|
(450)
|
(457)
|
(457)
|
(478)
|
(480)
|
(489)
|
(499)
|
(490)
|
(501)
|
(513)
|
(530)
|
(501)
|
(499)
|
(488)
|
(481)
|
(516)
|
(518)
|
(528)
|
(531)
|
(540)
|
(681)
|
(837)
|
(851)
|
(585)
|
(884)
|
(900)
|
(909)
|
(626)
|
(1 257)
|
(1 279)
|
(1 289)
|
(656)
|
(1 315)
|
(1 329)
|
(1 339)
|
(717)
|
(1 080)
|
(1 120)
|
(1 140)
|
(797)
|
|
Other Operating Expenses |
5
|
19
|
8
|
26
|
18
|
14
|
17
|
29
|
14
|
19
|
(13)
|
(25)
|
51
|
23
|
35
|
(4)
|
30
|
(63)
|
15
|
5
|
8
|
(93)
|
(144)
|
(296)
|
21
|
(27)
|
(40)
|
85
|
3
|
(23)
|
(74)
|
(76)
|
37
|
39
|
19
|
30
|
34
|
(6)
|
(26)
|
(24)
|
11
|
|
Operating Income |
1 038
N/A
|
1 040
+0%
|
1 036
0%
|
1 018
-2%
|
994
-2%
|
1 000
+1%
|
1 003
+0%
|
1 004
+0%
|
1 044
+4%
|
1 005
-4%
|
1 009
+0%
|
997
-1%
|
1 033
+4%
|
1 045
+1%
|
1 060
+1%
|
1 080
+2%
|
1 092
+1%
|
1 081
-1%
|
1 091
+1%
|
1 092
+0%
|
1 094
+0%
|
1 383
+26%
|
1 664
+20%
|
1 671
+0%
|
1 142
-32%
|
1 723
+51%
|
1 703
-1%
|
1 794
+5%
|
1 106
-38%
|
2 375
+115%
|
2 335
-2%
|
2 336
+0%
|
1 191
-49%
|
2 369
+99%
|
2 375
+0%
|
2 392
+1%
|
1 329
-44%
|
1 936
+46%
|
1 961
+1%
|
2 019
+3%
|
1 350
-33%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(91)
|
(105)
|
(110)
|
(117)
|
(117)
|
(117)
|
(120)
|
(138)
|
(134)
|
(121)
|
(105)
|
(76)
|
(96)
|
(84)
|
(88)
|
(92)
|
(77)
|
(78)
|
(77)
|
(74)
|
(84)
|
(100)
|
(121)
|
(118)
|
(77)
|
(118)
|
(123)
|
(132)
|
(81)
|
(176)
|
(168)
|
(160)
|
(76)
|
(157)
|
(158)
|
(155)
|
(91)
|
(143)
|
(164)
|
(166)
|
(103)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
3
|
0
|
5
|
0
|
15
|
0
|
84
|
0
|
71
|
0
|
3
|
0
|
10
|
0
|
17
|
0
|
5
|
0
|
7
|
0
|
12
|
|
Total Other Income |
(9)
|
(9)
|
(11)
|
(11)
|
(10)
|
(10)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(20)
|
(19)
|
(19)
|
(15)
|
(15)
|
(15)
|
(15)
|
(5)
|
(5)
|
(5)
|
(5)
|
(2)
|
(2)
|
2
|
0
|
(5)
|
2
|
(2)
|
0
|
(4)
|
(5)
|
(6)
|
(6)
|
(9)
|
(9)
|
(11)
|
(11)
|
(15)
|
|
Pre-Tax Income |
938
N/A
|
926
-1%
|
915
-1%
|
889
-3%
|
869
-2%
|
873
+0%
|
876
+0%
|
859
-2%
|
881
+3%
|
876
-1%
|
895
+2%
|
912
+2%
|
933
+2%
|
941
+1%
|
954
+1%
|
969
+2%
|
989
+2%
|
989
0%
|
999
+1%
|
1 003
+0%
|
1 008
+0%
|
1 278
+27%
|
1 544
+21%
|
1 548
+0%
|
1 077
-30%
|
1 603
+49%
|
1 666
+4%
|
1 664
0%
|
1 091
-34%
|
2 201
+102%
|
2 169
-1%
|
2 175
+0%
|
1 122
-48%
|
2 207
+97%
|
2 228
+1%
|
2 231
+0%
|
1 233
-45%
|
1 784
+45%
|
1 792
+0%
|
1 842
+3%
|
1 245
-32%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(424)
|
(409)
|
(391)
|
(370)
|
(336)
|
(320)
|
(307)
|
(289)
|
(293)
|
(292)
|
(294)
|
(295)
|
(305)
|
(296)
|
(299)
|
(299)
|
(294)
|
(289)
|
(293)
|
(291)
|
(296)
|
(381)
|
(457)
|
(458)
|
(314)
|
(466)
|
(474)
|
(466)
|
(297)
|
(601)
|
(600)
|
(604)
|
(318)
|
(623)
|
(627)
|
(631)
|
(355)
|
(513)
|
(521)
|
(538)
|
(364)
|
|
Income from Continuing Operations |
514
|
517
|
524
|
520
|
534
|
553
|
569
|
570
|
588
|
584
|
601
|
618
|
628
|
645
|
656
|
670
|
694
|
699
|
706
|
712
|
712
|
897
|
1 087
|
1 090
|
764
|
1 136
|
1 192
|
1 198
|
793
|
1 599
|
1 569
|
1 571
|
804
|
1 585
|
1 602
|
1 600
|
878
|
1 271
|
1 271
|
1 304
|
880
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
5
|
5
|
4
|
5
|
(6)
|
(8)
|
(9)
|
(11)
|
(5)
|
(6)
|
(7)
|
(5)
|
(7)
|
(7)
|
(12)
|
(12)
|
(10)
|
(18)
|
(12)
|
(12)
|
(1)
|
(4)
|
(5)
|
(3)
|
(1)
|
1
|
7
|
7
|
3
|
|
Net Income (Common) |
514
N/A
|
517
+1%
|
524
+1%
|
520
-1%
|
545
+5%
|
564
+4%
|
580
+3%
|
581
+0%
|
596
+2%
|
593
-1%
|
610
+3%
|
627
+3%
|
633
+1%
|
650
+3%
|
660
+1%
|
675
+2%
|
688
+2%
|
692
+0%
|
697
+1%
|
701
+1%
|
707
+1%
|
891
+26%
|
1 080
+21%
|
1 085
+0%
|
757
-30%
|
1 130
+49%
|
1 180
+4%
|
1 186
+0%
|
786
-34%
|
1 582
+101%
|
1 550
-2%
|
1 554
+0%
|
789
-49%
|
1 562
+98%
|
1 575
+1%
|
1 568
0%
|
857
-45%
|
1 246
+45%
|
1 259
+1%
|
1 301
+3%
|
885
-32%
|
|
EPS (Diluted) |
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
0.27
+8%
|
0.27
N/A
|
0.28
+4%
|
0.28
N/A
|
0.29
+4%
|
0.29
N/A
|
0.3
+3%
|
0.31
+3%
|
0.31
N/A
|
0.32
+3%
|
0.33
+3%
|
0.34
+3%
|
0.34
N/A
|
0.35
+3%
|
0.35
N/A
|
0.35
N/A
|
0.35
N/A
|
0.45
+29%
|
0.54
+20%
|
0.54
N/A
|
0.38
-30%
|
0.56
+47%
|
0.59
+5%
|
0.59
N/A
|
0.39
-34%
|
0.79
+103%
|
0.78
-1%
|
0.78
N/A
|
0.4
-49%
|
0.79
+98%
|
0.8
+1%
|
0.8
N/A
|
0.44
-45%
|
0.63
+43%
|
0.64
+2%
|
0.65
+2%
|
0.44
-32%
|