Companhia Energética de Minas Gerais (CIG-C) Financials

NYSE:CIG-C

Market Cap

9.11B

Total Revenue

34.46B

Gross Profit

6.81B

Operating Income

5.69B

Net Income

4.09B

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	14,629,000,000	19,540,000,000	21,292,211,000	18,772,656,000	21,711,690,000	22,266,000,000	25,390,000,000	25,228,000,000	33,646,000,000	34,463,000,000
costOfRevenue	11,231,956,000	12,802,000,000	18,317,990,000	15,903,003,000	18,434,097,000	19,016,626,000	19,598,000,000	19,845,000,000	26,923,000,000	27,651,000,000
grossProfit	3,397,044,000	6,738,000,000	2,974,221,000	2,869,653,000	3,277,593,000	3,249,374,000	5,792,000,000	5,383,000,000	6,723,000,000	6,812,000,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	121,000,000	128,000,000	175,000,000	382,000,000	248,000,000	264,000,000	238,000,000	147,000,000	144,000,000	--
generalAndAdministrativeExpenses	799,000,000	654,000,000	674,000,000	667,000,000	763,000,000	672,000,000	642,000,000	583,000,000	572,000,000	1,422,000,000
sellingGeneralAndAdministrativeExpenses	920,000,000	782,000,000	849,000,000	1,049,000,000	1,011,000,000	936,000,000	880,000,000	730,000,000	716,000,000	1,422,000,000
operatingExpenses	1,302,000,000	1,687,000,000	2,618,000,000	1,562,000,000	382,946,000	471,601,000	2,881,000,000	1,085,000,000	1,099,000,000	1,850,000,000
operatingIncome	3,396,000,000	5,580,000,000	4,119,528,000	1,804,000,000	2,642,000,000	2,495,897,000	4,856,000,000	4,937,000,000	5,958,000,000	5,686,000,000
totalOtherIncomeExpensesNet	1,433,147,000	778,000,000	1,145,307,000	-1,064,535,000	-252,240,000	-518,482,000	-387,000,000	-1,136,000,000	-1,259,000,000	-1,566,000,000
ebitda	5,000,657,000	5,742,000,000	5,694,363,000	4,443,113,000	4,296,120,000	3,969,959,000	5,814,000,000	5,926,000,000	7,007,000,000	7,502,000,000
depreciationAndAmortization	824,000,000	801,000,000	835,000,000	834,000,000	850,000,000	1,474,062,000	958,000,000	989,000,000	1,049,000,000	1,816,000,000
interestIncome	300,000,000	298,000,000	1,469,277,000	1,041,304,000	803,713,000	116,000,000	361,000,000	399,000,000	460,000,000	712,000,000
interestExpense	792,000,000	1,030,000,000	2,204,344,000	2,478,495,000	1,800,264,000	1,324,000,000	1,321,000,000	1,246,000,000	1,728,000,000	2,470,000,000
incomeBeforeTax	4,053,996,000	4,479,000,000	3,384,461,000	367,927,000	1,645,856,000	1,977,415,000	4,469,000,000	3,801,000,000	4,699,000,000	4,120,000,000
incomeTaxExpense	950,141,000	1,342,000,000	892,583,000	33,173,000	644,260,000	599,124,000	1,565,000,000	936,000,000	946,000,000	26,000,000
netIncome	2,954,792,000	3,137,000,000	503,000	334,334,000	1,001,596,000	1,700,099,000	3,127,000,000	2,864,000,000	3,751,000,000	4,092,000,000
eps	1.51	1.65	0	0.17	0.46	0.77	1.45	1.3	1.7	1.86
epsdiluted	1.51	1.65	0	0.17	0.46	0.77	1.45	1.3	1.7	1.86
weightedAverageShsOut	1,953,814,725	1,898,843,356	1,953,777,265	1,953,777,265	2,200,524,454	2,200,524,454	2,202,759,789	2,203,076,923	2,206,470,588	2,200,000,000
weightedAverageShsOutDil	1,953,814,725	1,898,843,356	1,953,777,265	1,953,777,265	2,200,524,454	2,200,524,454	2,202,759,789	2,203,076,923	2,206,470,588	2,200,000,000
costAndExpenses	11,231,956,000	14,489,000,000	18,317,990,000	15,903,003,000	18,817,043,000	19,488,227,000	22,479,000,000	20,930,000,000	28,022,000,000	29,501,000,000
otherExpenses	382,000,000	905,000,000	1,769,000,000	513,000,000	--	-464,399,000	2,001,000,000	355,000,000	383,000,000	428,000,000

Key Facts

Industry

Utilities—Diversified

Sector

Utilities

Headquarters

Belo Horizonte, MG, BR

Website

cemig.com.br

CEO

Mr. Reynaldo Passanezi Filho

Employees

4969

About the Company

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.