← ENERGY CO OF MINAS GERAIS

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net income for the year — $1.0b $1.7b $3.1b $2.9b $3.8b $4.1b $5.8b $7.1b $4.9b
Net Income — — — — — — $4.1b $5.8b $7.1b $4.9b
Net Income From Continuing Operations — — — — — — $4.1b $5.8b $7.1b $4.9b
Depreciation and amortization — $850.0m $850.0m $958.0m $989.0m $1.0b $1.2b $1.3b $1.4b $1.5b
Depreciation Amortization Depletion — — — — — — $1.2b $1.3b $1.4b $1.5b
Deferred Income Tax — — — — — — ($2.3b) ($825.0m) $1.7b $563.0m
Deferred Tax — — — — — — ($2.3b) ($825.0m) $1.7b $563.0m
Asset Impairment Charge — — — — — — $75.0m $97.0m $83.0m $210.0m
Adjustments For Income Tax Expense $33.0m $644.0m $16.0m $111.0m $252.0m ($210.0m) ($924.0m) $1.1b $2.2b —
Income tax expense — $198.0m $16.0m $111.0m $252.0m ($210.0m) ($924.0m) $1.1b $2.2b $772.0m
Earnings (Loss)es From Equity Investments — — — — — — ($843.0m) ($432.0m) ($224.0m) ($201.0m)
Additional Financial Items
Adjustments For Decrease Increase In Trade Account Receivable — ($239.0m) — — — — — — ($553.0m) —
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates ($302.0m) ($252.0m) ($104.0m) $125.0m $357.0m $182.0m $843.0m $432.0m — —
Adjustments For Increase Decrease In Trade Account Payable — — — — — — — — ($65.0m) —
Adjustments For Unrealised Foreign Exchange Losses Gains — — — — — — — — $464.0m —
General And Administrative Expense — — — — — — — — $820.0m —
Increase Decrease In Working Capital — — — $3.3b — — — $1.2b ($1.9b) —
Interest Received Classified As Operating Activities — — — — — — — $328.0m $351.0m —
Payments Of Lease Liabilities Classified As Financing Activities — — — — — — — — $72.0m —
Proceeds From Borrowings Classified As Financing Activities — ($11.0m) — — — — — — — —
Purchase Of Intangible Assets Classified As Investing Activities $1.0b $1.0b $30.0m $1.9b $41.0m $51.0m $119.0m $188.0m $248.0m —
Loss on write-off of net residual value of unrecoverable concession financial assets, concessional contract asset, PP&E and Intangible assets — $48.0m $61.0m $130.0m $39.0m $47.0m $74.0m $97.0m $83.0m $210.0m
Share of profit of equity-accounted investees and joint ventures, net of tax — — — — — — ($843.0m) ($432.0m) ($224.0m) ($201.0m)
Remeasuring of concession financial and concession contract assets — ($753.0m) ($585.0m) ($507.0m) ($801.0m) ($1.3b) ($1.2b) ($1.2b) ($1.2b) ($1.2b)
Bargain purchase gain — — — — ($51.0m) ($4.0m) ($5.0m) — — ($12.0m)
Periodic Tariff Review adjustments — — — — ($552.0m) ($237.0m) — — ($1.7b) —
Interest and monetary variation — $1.5b $1.2b $1.2b $1.2b $1.4b $493.0m $676.0m $428.0m $1.2b
Exchange variation on loans — $56.0m $582.0m $226.0m $1.7b — ($338.0m) ($277.0m) $464.0m $2.0m
Reimbursement of PIS/Pasep and Cofins over ICMS credits to customers -Realization — — — — ($266.0m) ($1.3b) ($2.4b) ($1.9b) ($513.0m) ($209.0m)
Gains arising from the sale of PP&E — — — — — — — — ($43.0m) ($29.0m)
Gain on sale of non-current assets held for sale — — — — — — ($52.0m) ($319.0m) ($1.6b) ($60.0m)
Transaction costs — — — $38.0m $15.0m $20.0m $7.0m $14.0m $20.0m $28.0m
Expected credit losses — — — — — $144.0m $109.0m $175.0m $175.0m $161.0m
Provision for contingencies — $854.0m $466.0m $2.4b $423.0m $375.0m $433.0m $360.0m ($90.0m) $655.0m
Other provisions — — — — — — ($18.0m) $59.0m — —
Net gain on derivative instruments at fair value through profit or loss — $32.0m ($893.0m) ($998.0m) ($1.8b) $538.0m $438.0m $177.0m ($147.0m) —
CVA (Parcel A items Compensation) Account and Other financial components in tariff adjustments — ($988.0m) ($2.0b) ($58.0m) ($455.0m) ($2.1b) $1.1b $213.0m ($423.0m) ($506.0m)
Post-employment obligations — ($282.0m) ($307.0m) ($343.0m) ($367.0m) ($422.0m) ($482.0m) ($535.0m) ($439.0m) ($393.0m)
Other — — — $26.0m $187.0m ($267.0m) $130.0m ($40.0m) ($255.0m) ($332.0m)
Total — — — $3.8b $3.8b $1.5b $3.5b $6.3b $6.0b $5.6b
Receivables from customers, traders and concession holders — — — — ($78.0m) ($90.0m) ($440.0m) ($839.0m) ($553.0m) ($418.0m)
Recoverable taxes — $10.0m $38.0m ($12.0m) ($59.0m) $1.7b $2.5b $175.0m $275.0m ($159.0m)
Income tax and social contribution tax credits — $385.0m $615.0m ($71.0m) ($162.0m) ($555.0m) $149.0m $6.0m $110.0m ($233.0m)
Escrow deposits — ($4.0m) ($109.0m) $11.0m $1.5b ($70.0m) $31.0m $45.0m $116.0m ($24.0m)
Contractual assets and concession financial assets — $398.0m $1.7b $373.0m $688.0m $713.0m $620.0m $905.0m $852.0m $737.0m
Suppliers — $403.0m ($553.0m) $279.0m $278.0m $325.0m $149.0m $185.0m ($65.0m) $87.0m
Taxes payable — ($248.0m) ($291.0m) ($162.0m) $824.0m $5.0m $408.0m $778.0m $180.0m ($217.0m)
Payroll and related charges — ($18.0m) $77.0m ($84.0m) $13.0m $12.0m $35.0m ($21.0m) ($21.0m) $12.0m
Regulatory charges — ($73.0m) ($70.0m) ($89.0m) $132.0m $78.0m ($240.0m) $2.0m ($62.0m) $74.0m
PIS/Pasep and Cofins over ICMS credits to customers — — — — — — $219.0m $249.0m $509.0m $499.0m
Cash generated from operations — — — — — — $7.8b $7.9b $6.8b $5.5b
Interest received — — — — — — $291.0m $328.0m $351.0m $471.0m
Cash inflows from settlement of derivatives instruments — — $37.0m $100.0m $461.0m $1.0b $129.0m $24.0m $436.0m —
Investments in marketable securities — — — — — $0 ($14.2b) ($11.2b) ($16.6b) ($17.3b)
Redemptions in marketable securities — — — — — $2.0b $14.4b $12.4b $16.9b $17.1b
Acquisition of equity investees — ($38.0m) ($109.0m) ($38.0m) ($120.0m) ($56.0m) ($52.0m) ($37.0m) ($1.0m) ($3.0m)
Proceeds from the sale of equity interest, net of costs of sales — — — — — — $52.0m $669.0m $2.7b $1.0m
Sale of PP&E — — — — — — $0 $0 $101.0m $93.0m
Acquisition of intangible assets — ($1.0b) ($801.0m) ($1.9b) ($41.0m) ($51.0m) ($119.0m) ($188.0m) ($248.0m) ($379.0m)
Contract assets - distribution of gas and energy infrastructure — — — ($925.0m) ($1.4b) ($1.8b) ($3.1b) ($3.7b) ($4.4b) ($5.4b)
Proceeds from loans and debentures — $3.3b $3.0b $4.5b $826.0m $13.0m $2.0b $2.0b $4.6b $9.3b
Payment of loans and debentures — ($4.1b) ($3.5b) ($4.9b) ($2.5b) ($4.4b) ($2.6b) ($2.7b) ($3.0b) ($2.7b)
Leasing liabilities paid — — — — ($84.0m) ($70.0m) ($66.0m) ($67.0m) ($72.0m) ($82.0m)
Beginning Cash Position — — — — — — $825.0m $1.4b $1.5b $1.9b
Cash Flow From Continuing Financing Activities — — — — — — ($2.8b) ($2.6b) ($2.8b) $2.6b
Cash Flow From Continuing Investing Activities — — — — — — ($3.1b) ($4.0b) ($2.4b) ($6.7b)
Change In Account Payable — — — — — — $149.0m $185.0m ($65.0m) $87.0m
Change In Accrued Expense — — — — — — $35.0m ($21.0m) ($21.0m) $12.0m
Change In Income Tax Payable — — — — — — $677.0m $1.0b $689.0m $282.0m
Change In Other Current Assets — — — — — — $278.0m $154.0m ($194.0m) ($217.0m)
Change In Other Current Liabilities — — — — — — ($440.0m) ($38.0m) ($317.0m) ($258.0m)
Change In Other Working Capital — — — — — — ($451.0m) ($490.0m) ($323.0m) ($417.0m)
Change In Payable — — — — — — $826.0m $1.2b $624.0m $369.0m
Change In Payables And Accrued Expense — — — — — — $861.0m $1.2b $603.0m $381.0m
Change In Receivables — — — — — — $2.8b $247.0m $684.0m ($73.0m)
Change In Tax Payable — — — — — — $677.0m $1.0b $689.0m $282.0m
Change In Working Capital — — — — — — $3.1b $1.1b $453.0m ($584.0m)
Changes In Account Receivables — — — — — — ($440.0m) ($839.0m) ($553.0m) ($418.0m)
Changes In Cash — — — — — — $616.0m $96.0m $361.0m $4.0m
End Cash Position — — — — — — $1.4b $1.5b $1.9b $1.9b
Financing Cash Flow — — — — — — ($2.8b) ($2.6b) ($2.8b) $2.6b
Free Cash Flow — — — — — — $6.3b $5.4b $4.6b $3.0b
Gain Loss On Investment Securities — — — — — $538.0m $438.0m $177.0m ($147.0m) —
Gain Loss On Sale Of PPE — — — — — — $0 $0 ($43.0m) ($29.0m)
Interest Received CFO — — — — — — $291.0m $328.0m $351.0m $471.0m
Investing Cash Flow — — — — — — ($3.1b) ($4.0b) ($2.4b) ($6.7b)
Net Business Purchase And Sale — — — — — — $0 $632.0m $2.8b ($2.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — ($338.0m) ($277.0m) $464.0m $2.0m
Net Intangibles Purchase And Sale — — — — — — ($119.0m) ($188.0m) ($248.0m) ($379.0m)
Net PPE Purchase And Sale — — — — — — ($173.0m) ($1.1b) ($570.0m) ($606.0m)
Operating Gains Losses — — — — — — ($129.0m) ($240.0m) ($1.1b) ($1.0b)
Other Non Cash Items — — — — — — $703.0m ($373.0m) ($2.9b) ($932.0m)
Pension And Employee Benefit Expense — — — — — — $666.0m $611.0m $488.0m ($750.0m)
Provisionand Write Offof Assets — — — — — — $433.0m $594.0m $85.0m $816.0m
Purchase Of Business — — — — — — ($52.0m) ($37.0m) ($1.0m) ($3.0m)
Purchase Of Intangibles — — — — — — ($119.0m) ($188.0m) ($248.0m) ($379.0m)
Purchase Of PPE — $83.0m $77.0m $70.0m $132.0m $182.0m ($173.0m) ($1.1b) ($671.0m) ($699.0m)
Sale Of Business — — — — — — $52.0m $669.0m $2.8b $1.0m
Unrealized Gain Loss On Investment Securities — — — — — $0 $172.0m $0 $0 —
Profit or Loss $334.0m $1.0b $1.7b $3.1b $2.9b $3.8b $4.1b $5.8b $7.1b —
Total (increase) / decrease in assets — $1.5b $3.2b $306.0m $4.0b $1.9b $3.8b $1.0b $956.0m $106.0m
Total increase (decrease) in liabilities — ($1.3b) ($2.0b) $957.0m $1.7b $1.3b $888.0m $618.0m ($153.0m) ($270.0m)
Acquisition of property, plant and equipment — ($83.0m) ($77.0m) ($70.0m) ($132.0m) ($182.0m) ($173.0m) ($1.1b) ($671.0m) ($699.0m)
Capital Expenditure — — — — — — ($292.0m) ($1.3b) ($919.0m) ($1.1b)
Net Investment Purchase And Sale — — — — — — $268.0m $342.0m $293.0m ($246.0m)
Purchase Of Investment — — — — — — ($14.2b) ($12.0b) ($16.6b) ($17.3b)
Sale Of Investment — — — — — — $14.4b $12.4b $16.9b $17.1b
Net Other Investing Changes — — — — — — ($3.1b) ($3.7b) ($4.6b) ($5.4b)
NET CASH USED IN INVESTING ACTIVITIES ($386.0m) ($211.0m) ($1.2b) ($5.1b) $1.4b ($3.2b) ($4.0b) ($2.4b) ($6.7b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $2.0b $2.0b $4.6b $9.3b
Long Term Debt Issuance — — — — — — $2.0b $2.0b $4.6b $9.3b
Net Issuance Payments Of Debt — — — — — — ($698.0m) ($758.0m) $1.5b $6.6b
Net Long Term Debt Issuance — — — — — — ($698.0m) ($758.0m) $1.5b $6.6b
Long Term Debt Payments — — — — — — ($2.7b) ($2.7b) ($3.0b) ($2.8b)
Repayment Of Debt — — — — — — ($2.7b) ($2.7b) ($3.0b) ($2.8b)
Dividends paid — — — $701 ($598) — — — — —
Dividends Recognised As Distributions To Owners Of Parent Relating To Current Year — — — — — — — — $1k —
Dividends received from investees — $354 $311 $283 $387 $499 $708 $592 $350 $269
Cash Dividends Paid — — — — — — ($2.1b) $0 $0 $0
Dividend Received CFO — — — — — — $708.0m $592.0m $350.0m $269.0m
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES ($159.0m) ($936.0m) ($1.2b) ($2.4b) ($5.9b) ($2.8b) ($2.6b) ($2.8b) $2.6b
NET INCREASE IN CASH AND CASH EQUIVALENTS FOR THE YEAR $35.0m ($139.0m) ($355.0m) $1.1b ($855.0m) $616.0m $96.0m $361.0m $4.0m
Restricted cash — $261.0m $15.0m $79.0m ($51.0m) $43.0m — — ($205.0m) ($1.1b)
Cash and cash equivalents at the beginning of the year — $1.0b $891.0m $536.0m $1.7b $825.0m $1.4b $1.5b $1.9b $1.9b
Change In Cash Supplemental As Reported — — — — — — $616.0m $96.0m $361.0m $4.0m
Interest Paid Classified As Operating Activities $2.4b $1.8b $1.3b $1.3b $1.1b $1.6b $1.0b $1.0b $956.0m ($4.0b)
Income Taxes Paid Refund Classified As Operating Activities $289.0m $226.0m $650.0m $1.8b $240.0m $500.0m $704.0m $601.0m $1.1b ($736.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.