Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Iren SpA.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.41B | $7.75B | $4.91B | $3.68B | $4.24B | $4.01B | $3.69B | $3.23B | $3.06B | $2.77B |
| Cost of Revenue | $4.54B | $6.20B | $3.37B | $2.28B | $2.84B | $2.62B | $2.41B | $2.00B | $1.94B | $1.92B |
| Gross Profit | $1.86B | $1.56B | $1.54B | $1.40B | $1.40B | $1.39B | $1.28B | $1.23B | $1.12B | $849.61M |
| Gross Profit Ratio | 29.07% | 20.10% | 31.40% | 38.16% | 33.06% | 34.76% | 34.63% | 38.03% | 36.54% | 30.68% |
| Research and Development Expenses | $- | $4.42M | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $14.17M | $19.36M | $14.63M | $14.59M | $17.82M | $9.62M | $10.74M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $707.00M | $1.68B | $1.47B | $14.17M | $19.36M | $14.63M | $14.59M | $17.82M | $9.62M | $10.74M |
| Other Expenses | $690.56M | $1.12B | $1.07B | $914.13M | $886.84M | $1.58M | $1.31M | $1.39M | $1.55M | $413.00K |
| Operating Expenses | $1.40B | $1.12B | $1.07B | $928.30M | $906.20M | $784.07M | $782.72M | $730.12M | $709.69M | $536.63M |
| Cost and Expenses | $5.94B | $7.32B | $4.44B | $3.21B | $3.74B | $3.40B | $3.19B | $2.73B | $2.65B | $2.46B |
| Interest Income | $19.06M | $9.93M | $8.73M | $16.52M | $21.71M | $24.59M | $26.43M | $34.98M | $25.34M | $25.55M |
| Interest Expense | $115.18M | $62.71M | $53.84M | $60.46M | $87.36M | $124.90M | $91.83M | $135.73M | $101.47M | $99.54M |
| Depreciation and Amortization | $600.68M | $522.59M | $478.32M | $440.79M | $403.56M | $354.95M | $321.87M | $304.61M | $267.61M | $238.31M |
| EBITDA | $1.09B | $949.36M | $912.96M | $838.82M | $851.65M | $877.05M | $754.12M | $745.18M | $686.78M | $443.25M |
| EBITDA Ratio | 17.09% | 12.64% | 19.84% | 25.03% | 21.32% | 23.86% | 23.52% | 25.84% | 22.54% | 20.65% |
| Operating Income | $464.64M | $463.74M | $454.11M | $415.79M | $452.15M | $530.49M | $420.35M | $426.83M | $346.82M | $285.47M |
| Operating Income Ratio | 7.25% | 5.98% | 9.25% | 11.29% | 10.67% | 13.23% | 11.40% | 13.20% | 11.35% | 10.31% |
| Total Other Income Expenses Net | $-85.53M | $-64.94M | $-30.07M | $-46.12M | $-74.83M | $-140.97M | $-51.23M | $-117.48M | $-101.08M | $-67.01M |
| Income Before Tax | $379.11M | $398.80M | $423.80M | $365.20M | $377.32M | $389.52M | $369.12M | $303.41M | $245.74M | $218.46M |
| Income Before Tax Ratio | 5.92% | 5.14% | 8.63% | 9.92% | 8.91% | 9.72% | 10.01% | 9.38% | 8.04% | 7.89% |
| Income Tax Expense | $97.09M | $128.85M | $90.33M | $100.13M | $111.64M | $116.29M | $104.36M | $118.15M | $105.66M | $116.07M |
| Net Income | $254.84M | $226.02M | $303.17M | $239.17M | $236.58M | $242.12M | $237.72M | $173.98M | $118.19M | $85.80M |
| Net Income Ratio | 3.98% | 2.91% | 6.18% | 6.50% | 5.58% | 6.04% | 6.45% | 5.38% | 3.87% | 3.10% |
| EPS | $0.20 | $0.18 | $0.24 | $0.19 | $0.18 | $0.19 | $0.19 | $0.14 | $0.09 | $0.07 |
| EPS Diluted | $0.20 | $0.18 | $0.24 | $0.19 | $0.18 | $0.19 | $0.19 | $0.14 | $0.09 | $0.07 |
| Weighted Average Shares Outstanding | 1.28B | 1.28B | 1.28B | 1.29B | 1.30B | 1.29B | 1.28B | 1.28B | 1.28B | 1.28B |
| Weighted Average Shares Outstanding Diluted | 1.28B | 1.28B | 1.28B | 1.29B | 1.30B | 1.29B | 1.28B | 1.28B | 1.28B | 1.28B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $436.13M | $788.40M | $606.89M | $890.17M | $345.88M | $369.32M | $169.09M | $253.68M | $139.58M | $51.60M |
| Short Term Investments | $74.00K | $182.42M | $-237.98M | $-321.11M | $-232.84M | $-257.08M | $-290.00M | $606.56M | $551.30M | $471.30M |
| Cash and Short Term Investments | $436.13M | $788.40M | $606.89M | $890.17M | $345.88M | $369.32M | $169.09M | $253.68M | $139.58M | $51.60M |
| Net Receivables | $1.32B | $1.99B | $1.60B | $1.22B | $905.63M | $1.27B | $1.65B | $1.73B | $1.52B | $1.64B |
| Inventory | $73.88M | $139.36M | $111.81M | $66.52M | $71.79M | $73.80M | $61.98M | $94.95M | $96.34M | $81.66M |
| Other Current Assets | $891.97M | $365.98M | $271.78M | $437.50M | $754.15M | $50.19M | $48.67M | $49.16M | $58.52M | $70.35M |
| Total Current Assets | $2.67B | $3.29B | $2.60B | $2.26B | $2.08B | $2.16B | $1.93B | $2.13B | $1.82B | $1.85B |
| Property Plant Equipment Net | $4.46B | $4.37B | $3.94B | $3.83B | $3.60B | $3.47B | $3.45B | $3.47B | $2.91B | $2.99B |
| Goodwill | $247.42M | $237.97M | $208.09M | $213.59M | $172.68M | $149.71M | $127.32M | $131.78M | $126.72M | $124.41M |
| Intangible Assets | $3.13B | $2.83B | $2.65B | $2.36B | $2.18B | $2.01B | $1.65B | $1.45B | $1.36B | $1.23B |
| Goodwill and Intangible Assets | $3.38B | $3.06B | $2.85B | $2.57B | $2.35B | $2.16B | $1.78B | $1.58B | $1.49B | $1.36B |
| Long Term Investments | $245.31M | $569.75M | $488.59M | $523.09M | $397.41M | $398.93M | $458.38M | $-450.88M | $-314.20M | $-151.94M |
| Tax Assets | $400.09M | $340.87M | $427.57M | $369.38M | $368.44M | $360.30M | $277.77M | $265.06M | $252.81M | $277.68M |
| Other Non-Current Assets | $535.16M | $88.92M | $6.70M | $5.51M | $8.26M | $15.77M | $3.32M | $801.21M | $735.51M | $583.97M |
| Total Non-Current Assets | $9.02B | $8.43B | $7.72B | $7.30B | $6.72B | $6.41B | $5.97B | $5.67B | $5.07B | $5.06B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $388.00K |
| Total Assets | $11.69B | $11.72B | $10.31B | $9.55B | $8.80B | $8.57B | $7.90B | $7.80B | $6.89B | $6.91B |
| Account Payables | $1.56B | $1.95B | $1.51B | $640.97M | $865.74M | $697.12M | $800.38M | $821.48M | $730.28M | $853.51M |
| Short Term Debt | $735.69M | $96.88M | $465.96M | $278.71M | $461.71M | $437.36M | $168.67M | $387.44M | $168.63M | $657.72M |
| Tax Payables | $114.51M | $74.31M | $96.09M | $30.78M | $31.41M | $72.82M | $60.20M | $66.58M | $50.88M | $52.50M |
| Deferred Revenue | $79.64M | $39.21M | $570.17M | $343.15M | $349.06M | $72.82M | $284.56M | $359.67M | $306.49M | $275.40M |
| Other Current Liabilities | $704.23M | $998.68M | $386.14M | $470.30M | $416.71M | $551.22M | $335.26M | $387.67M | $324.89M | $296.20M |
| Total Current Liabilities | $3.20B | $3.12B | $2.60B | $1.76B | $1.78B | $1.76B | $1.39B | $1.69B | $1.35B | $1.87B |
| Long Term Debt | $4.05B | $4.27B | $3.55B | $3.83B | $3.08B | $2.93B | $2.93B | $2.84B | $2.66B | $2.17B |
| Deferred Revenue Non-Current | $518.41M | $438.34M | $431.78M | $429.45M | $429.48M | $421.09M | $182.07M | $166.88M | $165.64M | $154.89M |
| Deferred Tax Liabilities Non-Current | $128.19M | $142.22M | $183.00M | $203.54M | $204.54M | $211.55M | $213.76M | $203.65M | $141.84M | $162.34M |
| Other Non-Current Liabilities | $555.64M | $612.25M | $592.62M | $576.68M | $657.77M | $683.28M | $685.03M | $614.14M | $502.01M | $557.16M |
| Total Non-Current Liabilities | $5.25B | $5.41B | $4.76B | $5.03B | $4.37B | $4.25B | $4.01B | $3.82B | $3.47B | $3.04B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.44B | $8.53B | $7.36B | $6.79B | $6.15B | $6.01B | $5.40B | $5.51B | $4.83B | $4.91B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | $1.28B | $1.28B | $1.28B | $1.28B |
| Retained Earnings | $365.94M | $226.02M | $303.09M | $235.32M | $236.58M | $242.12M | $237.72M | $173.98M | $118.19M | $85.80M |
| Accumulated Other Comprehensive Income Loss | $1.05B | $1.35B | $1.18B | $988.60M | $862.66M | $40.99M | $48.27M | $37.16M | $2.69M | $259.24M |
| Other Total Stockholders Equity | $94.33M | $94.33M | $94.33M | $98.37M | $123.97M | $133.02M | $105.10M | $99.50M | $105.10M | $367.18M |
| Total Stockholders Equity | $2.81B | $2.75B | $2.57B | $2.39B | $2.29B | $2.19B | $2.12B | $1.96B | $1.82B | $1.76B |
| Total Equity | $3.24B | $3.19B | $2.95B | $2.76B | $2.65B | $2.56B | $2.50B | $2.29B | $2.06B | $1.99B |
| Total Liabilities and Stockholders Equity | $11.69B | $11.72B | $10.31B | $9.55B | $8.80B | $8.57B | $7.90B | $7.80B | $6.89B | $6.91B |
| Minority Interest | $435.15M | $446.07M | $380.13M | $372.21M | $363.76M | $376.93M | $376.67M | $330.31M | $237.80M | $230.33M |
| Total Liabilities and Total Equity | $11.69B | $11.72B | $10.31B | $9.55B | $8.80B | $8.57B | $7.90B | $7.80B | $6.89B | $6.91B |
| Total Investments | $245.38M | $246.66M | $250.61M | $201.98M | $164.56M | $141.85M | $168.38M | $155.68M | $237.10M | $319.36M |
| Total Debt | $653.22M | $106.62M | $3.94B | $3.98B | $3.51B | $3.35B | $3.12B | $3.24B | $2.87B | $2.83B |
| Net Debt | $217.09M | $-681.78M | $3.33B | $3.09B | $3.16B | $2.98B | $2.95B | $2.98B | $2.73B | $2.78B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $282.01M | $269.95M | $333.47M | $265.07M | $265.68M | $273.24M | $264.76M | $185.26M | $140.07M | $102.39M |
| Depreciation and Amortization | $600.68M | $522.59M | $477.89M | $440.91M | $403.26M | $354.95M | $321.87M | $304.44M | $267.61M | $238.31M |
| Deferred Income Tax | $- | $-14.75M | $-81.14M | $-9.60M | $-5.49M | $-15.70M | $-19.81M | $-7.92M | $2.77M | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $94.00M | $48.03M | $48.77M | $73.02M | $-48.62M | $75.87M | $69.96M | $13.25M | $68.09M | $47.42M |
| Accounts Receivables | $28.48M | $-401.94M | $-353.59M | $-34.73M | $65.99M | $-65.44M | $49.94M | $-77.95M | $209.52M | $130.22M |
| Inventory | $65.52M | $-25.75M | $-48.57M | $13.29M | $2.86M | $-10.28M | $22.93M | $1.69M | $-14.36M | $26.72M |
| Accounts Payables | $-664.68M | $600.24M | $533.76M | $21.07M | $-61.67M | $35.12M | $-66.91M | $-4.12M | $-89.06M | $- |
| Other Working Capital | $664.68M | $-124.52M | $-82.83M | $73.39M | $-55.81M | $86.15M | $47.03M | $11.56M | $82.44M | $20.71M |
| Other Non Cash Items | $-296.39M | $242.49M | $90.34M | $42.51M | $104.33M | $73.84M | $3.31M | $102.87M | $11.73M | $-57.89M |
| Net Cash Provided by Operating Activities | $680.29M | $1.08B | $950.47M | $821.51M | $724.65M | $777.90M | $659.89M | $605.81M | $487.50M | $330.23M |
| Investments in Property Plant and Equipment | $-866.61M | $-897.57M | $-757.77M | $-685.15M | $-523.99M | $-446.98M | $-357.30M | $-269.98M | $-267.56M | $-256.92M |
| Acquisitions Net | $-39.56M | $-213.98M | $-60.42M | $-120.10M | $-50.20M | $-202.10M | $-66.58M | $-454.96M | $-25.47M | $-254.45M |
| Purchases of Investments | $-3.31M | $-39.45M | $-4.49M | $-50.00K | $-277.00K | $-800.00K | $-17.48M | $-4.82M | $-7.65M | $-87.46M |
| Sales Maturities of Investments | $18.32M | $5.96M | $7.01M | $11.29M | $5.96M | $22.78M | $7.16M | $9.99M | $4.78M | $25.76M |
| Other Investing Activities | $4.54M | $2.94M | $3.88M | $2.79M | $1.78M | $3.34M | $4.14M | $7.84M | $7.43M | $43.37M |
| Net Cash Used for Investing Activities | $-886.62M | $-1.14B | $-811.79M | $-791.22M | $-566.72M | $-623.76M | $-430.05M | $-711.93M | $-288.47M | $-529.68M |
| Debt Repayment | $246.53M | $366.58M | $-118.02M | $628.71M | $-24.41M | $187.06M | $-171.19M | $50.35M | $30.27M | $-86.49M |
| Common Stock Issued | $- | $- | $- | $- | $- | $52.62M | $- | $- | $- | $- |
| Common Stock Repurchased | $-633.00K | $- | $-4.04M | $-25.59M | $-9.05M | $- | $- | $- | $- | $- |
| Dividends Paid | $-176.58M | $-157.61M | $-149.46M | $-149.05M | $-150.22M | $-113.08M | $-89.97M | $-87.10M | $-81.42M | $-73.64M |
| Other Financing Activities | $-215.27M | $31.59M | $-150.44M | $59.94M | $2.86M | $-27.88M | $-63.48M | $240.06M | $-59.91M | $360.96M |
| Net Cash Used Provided by Financing Activities | $-145.95M | $240.56M | $-421.96M | $514.00M | $-181.37M | $46.10M | $-314.44M | $220.22M | $-111.06M | $200.83M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $-154.13M | $-229.84M | $106.12M | $-199.03M | $199.45M |
| Net Change in Cash | $-352.27M | $181.51M | $-283.28M | $544.29M | $-23.44M | $200.23M | $-84.60M | $114.11M | $87.97M | $1.38M |
| Cash at End of Period | $436.13M | $788.40M | $606.89M | $890.17M | $345.88M | $369.32M | $169.09M | $253.68M | $139.58M | $51.60M |
| Cash at Beginning of Period | $788.40M | $606.89M | $890.17M | $345.88M | $369.32M | $169.09M | $253.68M | $139.58M | $51.60M | $50.22M |
| Operating Cash Flow | $680.29M | $1.08B | $950.47M | $821.51M | $724.65M | $777.90M | $659.89M | $605.81M | $487.50M | $330.23M |
| Capital Expenditure | $-866.61M | $-897.57M | $-757.77M | $-685.15M | $-523.99M | $-446.98M | $-357.30M | $-269.98M | $-267.56M | $-256.92M |
| Free Cash Flow | $-186.31M | $185.49M | $192.70M | $136.36M | $200.67M | $330.91M | $302.60M | $335.83M | $219.94M | $73.31M |