Acea SpA
OTC:ACEJF
Income Statement
Earnings Waterfall
Acea SpA
Revenue
|
4.6B
EUR
|
Cost of Revenue
|
-2.1B
EUR
|
Gross Profit
|
2.5B
EUR
|
Operating Expenses
|
-2B
EUR
|
Operating Income
|
550.8m
EUR
|
Other Expenses
|
-256.9m
EUR
|
Net Income
|
293.9m
EUR
|
Income Statement
Acea 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 |
3 254
N/A
|
3 211
-1%
|
3 122
-3%
|
3 124
+0%
|
3 013
-4%
|
2 994
-1%
|
2 943
-2%
|
2 900
-1%
|
2 863
-1%
|
2 814
-2%
|
2 806
0%
|
2 741
-2%
|
2 769
+1%
|
2 782
+0%
|
2 750
-1%
|
2 755
+0%
|
2 750
0%
|
2 770
+1%
|
2 825
+2%
|
2 879
+2%
|
2 930
+2%
|
3 728
+27%
|
4 568
+23%
|
4 642
+2%
|
3 104
-33%
|
4 731
+52%
|
4 806
+2%
|
4 862
+1%
|
3 297
-32%
|
5 076
+54%
|
5 281
+4%
|
5 381
+2%
|
3 920
-27%
|
6 063
+55%
|
6 586
+9%
|
7 083
+8%
|
5 094
-28%
|
7 780
+53%
|
7 725
-1%
|
7 383
-4%
|
4 585
-38%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 071)
|
(2 012)
|
(1 916)
|
(1 901)
|
(1 774)
|
(1 752)
|
(1 701)
|
(1 659)
|
(1 641)
|
(1 568)
|
(1 510)
|
(1 506)
|
(1 388)
|
(1 473)
|
(1 370)
|
(1 361)
|
(1 362)
|
(1 369)
|
(1 405)
|
(1 433)
|
(1 446)
|
(1 936)
|
(2 393)
|
(2 424)
|
(1 429)
|
(2 393)
|
(2 363)
|
(2 389)
|
(1 426)
|
(2 473)
|
(2 593)
|
(2 664)
|
(1 833)
|
(3 210)
|
(3 605)
|
(4 130)
|
(2 771)
|
(4 689)
|
(4 563)
|
(4 158)
|
(2 054)
|
|
Gross Profit |
1 183
N/A
|
1 199
+1%
|
1 206
+1%
|
1 223
+1%
|
1 239
+1%
|
1 242
+0%
|
1 242
0%
|
1 241
0%
|
1 222
-2%
|
1 246
+2%
|
1 297
+4%
|
1 235
-5%
|
1 381
+12%
|
1 309
-5%
|
1 381
+5%
|
1 394
+1%
|
1 388
0%
|
1 401
+1%
|
1 421
+1%
|
1 446
+2%
|
1 484
+3%
|
1 792
+21%
|
2 175
+21%
|
2 217
+2%
|
1 675
-24%
|
2 338
+40%
|
2 443
+4%
|
2 473
+1%
|
1 871
-24%
|
2 603
+39%
|
2 688
+3%
|
2 717
+1%
|
2 087
-23%
|
2 852
+37%
|
2 981
+5%
|
2 952
-1%
|
2 323
-21%
|
3 091
+33%
|
3 163
+2%
|
3 226
+2%
|
2 531
-22%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(871)
|
(876)
|
(870)
|
(889)
|
(876)
|
(876)
|
(869)
|
(873)
|
(905)
|
(913)
|
(912)
|
(784)
|
(947)
|
(817)
|
(959)
|
(981)
|
(1 068)
|
(1 060)
|
(1 040)
|
(1 031)
|
(1 125)
|
(1 227)
|
(1 497)
|
(1 516)
|
(1 264)
|
(1 592)
|
(1 737)
|
(1 697)
|
(1 435)
|
(1 805)
|
(1 923)
|
(1 871)
|
(1 567)
|
(1 992)
|
(2 127)
|
(2 116)
|
(1 819)
|
(2 313)
|
(2 465)
|
(2 453)
|
(1 980)
|
|
Selling, General & Administrative |
(594)
|
(603)
|
(600)
|
(608)
|
(614)
|
(610)
|
(592)
|
(585)
|
(540)
|
(531)
|
(523)
|
(428)
|
(525)
|
(462)
|
(566)
|
(604)
|
(606)
|
(609)
|
(594)
|
(577)
|
(627)
|
(698)
|
(839)
|
(855)
|
(708)
|
(877)
|
(910)
|
(912)
|
(775)
|
(954)
|
(974)
|
(979)
|
(860)
|
(1 042)
|
(1 120)
|
(1 137)
|
(1 075)
|
(1 288)
|
(1 366)
|
(1 368)
|
(1 184)
|
|
Depreciation & Amortization |
(193)
|
(196)
|
(196)
|
(197)
|
(200)
|
(204)
|
(217)
|
(229)
|
(223)
|
(229)
|
(229)
|
(267)
|
(259)
|
(270)
|
(285)
|
(263)
|
(307)
|
(316)
|
(324)
|
(338)
|
(357)
|
(465)
|
(582)
|
(599)
|
(407)
|
(631)
|
(668)
|
(687)
|
(494)
|
(749)
|
(771)
|
(781)
|
(543)
|
(819)
|
(844)
|
(862)
|
(592)
|
(904)
|
(941)
|
(956)
|
(646)
|
|
Other Operating Expenses |
(84)
|
(77)
|
(75)
|
(84)
|
(61)
|
(61)
|
(60)
|
(59)
|
(143)
|
(153)
|
(160)
|
(89)
|
(163)
|
(86)
|
(107)
|
(114)
|
(155)
|
(135)
|
(121)
|
(116)
|
(141)
|
(65)
|
(75)
|
(62)
|
(150)
|
(84)
|
(159)
|
(98)
|
(165)
|
(102)
|
(178)
|
(111)
|
(164)
|
(132)
|
(162)
|
(117)
|
(151)
|
(122)
|
(158)
|
(129)
|
(150)
|
|
Operating Income |
312
N/A
|
322
+3%
|
336
+4%
|
334
0%
|
363
+9%
|
366
+1%
|
373
+2%
|
368
-1%
|
316
-14%
|
333
+5%
|
385
+15%
|
451
+17%
|
434
-4%
|
492
+13%
|
422
-14%
|
413
-2%
|
319
-23%
|
340
+6%
|
381
+12%
|
415
+9%
|
358
-14%
|
564
+57%
|
679
+20%
|
702
+3%
|
411
-41%
|
746
+81%
|
705
-5%
|
777
+10%
|
436
-44%
|
798
+83%
|
766
-4%
|
845
+10%
|
520
-38%
|
860
+65%
|
854
-1%
|
836
-2%
|
505
-40%
|
778
+54%
|
698
-10%
|
772
+11%
|
551
-29%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(58)
|
(60)
|
(75)
|
(78)
|
(65)
|
(69)
|
(70)
|
(64)
|
(63)
|
(45)
|
(43)
|
(45)
|
(74)
|
(76)
|
(72)
|
(72)
|
(42)
|
(32)
|
(23)
|
(26)
|
(15)
|
(37)
|
(52)
|
(49)
|
(35)
|
(81)
|
(79)
|
(85)
|
(33)
|
(69)
|
(76)
|
(71)
|
(44)
|
(50)
|
(29)
|
12
|
(33)
|
(34)
|
(76)
|
(132)
|
(102)
|
|
Non-Reccuring Items |
21
|
21
|
21
|
22
|
9
|
10
|
9
|
7
|
41
|
43
|
43
|
0
|
63
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
77
|
0
|
13
|
0
|
71
|
0
|
61
|
0
|
68
|
0
|
70
|
0
|
40
|
0
|
40
|
0
|
33
|
0
|
35
|
0
|
47
|
|
Total Other Income |
(15)
|
(14)
|
(13)
|
(13)
|
(17)
|
(14)
|
(4)
|
(3)
|
2
|
(12)
|
(13)
|
(9)
|
(7)
|
(5)
|
(1)
|
(1)
|
(3)
|
(3)
|
(16)
|
(16)
|
(11)
|
(11)
|
(5)
|
(5)
|
(16)
|
0
|
(7)
|
(7)
|
(10)
|
(10)
|
(9)
|
(9)
|
(13)
|
(15)
|
(15)
|
(15)
|
(7)
|
(7)
|
(10)
|
(10)
|
(21)
|
|
Pre-Tax Income |
259
N/A
|
269
+4%
|
269
+0%
|
266
-1%
|
290
+9%
|
293
+1%
|
308
+5%
|
308
+0%
|
296
-4%
|
319
+8%
|
372
+17%
|
396
+7%
|
416
+5%
|
411
-1%
|
348
-15%
|
339
-2%
|
288
-15%
|
306
+6%
|
342
+12%
|
373
+9%
|
409
+10%
|
516
+26%
|
635
+23%
|
648
+2%
|
430
-34%
|
664
+54%
|
680
+2%
|
685
+1%
|
461
-33%
|
718
+56%
|
751
+4%
|
765
+2%
|
503
-34%
|
795
+58%
|
849
+7%
|
832
-2%
|
498
-40%
|
736
+48%
|
646
-12%
|
631
-2%
|
475
-25%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(106)
|
(108)
|
(109)
|
(108)
|
(121)
|
(117)
|
(119)
|
(115)
|
(115)
|
(122)
|
(140)
|
(149)
|
(144)
|
(140)
|
(120)
|
(113)
|
(96)
|
(101)
|
(109)
|
(116)
|
(124)
|
(155)
|
(189)
|
(194)
|
(123)
|
(193)
|
(199)
|
(201)
|
(135)
|
(212)
|
(220)
|
(221)
|
(151)
|
(235)
|
(281)
|
(278)
|
(187)
|
(258)
|
(204)
|
(200)
|
(148)
|
|
Income from Continuing Operations |
153
|
161
|
160
|
158
|
169
|
176
|
189
|
193
|
182
|
197
|
232
|
247
|
273
|
272
|
229
|
227
|
192
|
204
|
233
|
256
|
285
|
361
|
445
|
454
|
307
|
471
|
481
|
484
|
327
|
506
|
530
|
544
|
352
|
559
|
569
|
554
|
311
|
478
|
442
|
431
|
327
|
|
Income to Minority Interest |
(12)
|
(12)
|
(8)
|
(7)
|
(6)
|
(7)
|
(8)
|
(7)
|
(7)
|
(6)
|
(7)
|
(8)
|
(10)
|
(11)
|
(12)
|
(13)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(20)
|
(26)
|
(31)
|
(23)
|
(41)
|
(50)
|
(54)
|
(42)
|
(63)
|
(65)
|
(62)
|
(39)
|
(55)
|
(47)
|
(50)
|
(31)
|
(52)
|
(56)
|
(52)
|
(34)
|
|
Net Income (Common) |
142
N/A
|
150
+5%
|
152
+2%
|
150
-1%
|
162
+8%
|
169
+4%
|
181
+8%
|
186
+3%
|
175
-6%
|
191
+9%
|
225
+18%
|
239
+6%
|
262
+10%
|
261
0%
|
216
-17%
|
214
-1%
|
181
-16%
|
192
+6%
|
220
+14%
|
243
+10%
|
271
+12%
|
341
+26%
|
419
+23%
|
423
+1%
|
284
-33%
|
430
+52%
|
431
+0%
|
430
0%
|
285
-34%
|
443
+55%
|
465
+5%
|
482
+4%
|
313
-35%
|
504
+61%
|
522
+3%
|
504
-3%
|
280
-45%
|
427
+53%
|
386
-10%
|
379
-2%
|
294
-22%
|
|
EPS (Diluted) |
0.67
N/A
|
0.71
+6%
|
0.72
+1%
|
0.71
-1%
|
0.76
+7%
|
0.79
+4%
|
0.85
+8%
|
0.88
+4%
|
0.82
-7%
|
0.9
+10%
|
1.06
+18%
|
1.12
+6%
|
1.23
+10%
|
1.23
N/A
|
1.02
-17%
|
1.01
-1%
|
0.85
-16%
|
0.9
+6%
|
1.03
+14%
|
1.14
+11%
|
1.27
+11%
|
1.61
+27%
|
1.97
+22%
|
1.99
+1%
|
1.33
-33%
|
2.02
+52%
|
2.03
+0%
|
2.02
0%
|
1.34
-34%
|
2.08
+55%
|
2.19
+5%
|
2.27
+4%
|
1.47
-35%
|
2.37
+61%
|
2.45
+3%
|
2.37
-3%
|
1.32
-44%
|
2.01
+52%
|
1.82
-9%
|
1.78
-2%
|
1.38
-22%
|