Income Statement Moscow Exchange MICEX-RTS

Stocks

MOEX

RU000A0JR4A1

Financial & Commodity Market Operators

End-of-day quote Moscow Micex - RTS Other stock markets 08/07/2022			5-day change	1st Jan Change
85.20 ^RUB	-0.13%		-.--%	-

05-21	Russian finmin to issue 10-year yuan-denominated OFZ bonds on June 3	RE
05-21	Moscow Exchange says first-quarter profit at 17.2 bln roubles	RE

580e72827159bad51ac.8nkeTaIpf6ZjLB8ArdGs4sFuB9OxPZ62eLAKlckiUB4.iktNHdpCOuAbQkhV-oj2lZZcZLnBfOr1SYNj8_FJZ1KcFmZ_-hsJxCp1Jw

Published financial data: MOSCOW EXCHANGE MICEX-RTS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	41.55B	37.49B	52.24B	62.98B	78.66B
Gain (Loss) on Sale of Investment, Total (Rev)	493M	110M	886M	423M	-1.3B
Interest And Invest. Income (Rev)	14.28B	44.88B	54.93B	92.59B	61.47B
Other Revenues, Total	-	-	-	-	-
Total Revenues	56.32B	82.48B	108B	156B	139B
Gross Profit	56.32B	82.48B	108B	156B	139B
Selling General & Admin Expenses, Total	18.11B	20.93B	25.16B	40.34B	49.8B
Provision for Bad Debts	-627M	13.09B	-1.66B	1.06B	-2.91B
Other Operating Expenses	2B	2.53B	3.29B	5.72B	1.8B
Other Operating Expenses, Total	19.47B	36.56B	26.79B	47.12B	48.69B
Operating Income	36.85B	45.92B	81.27B	109B	90.13B
Interest Expense, Total	-1.19B	-3.05B	-4.09B	-10.22B	-11.73B
Net Interest Expenses	-1.19B	-3.05B	-4.09B	-10.22B	-11.73B
Currency Exchange Gains (Loss)	-677M	3.69B	480M	-878M	1.57B
Other Non Operating Income (Expenses)	-	-	-67M	21.5M	76.3M
EBT, Excl. Unusual Items	34.98B	46.56B	77.59B	97.81B	80.05B
Impairment of Goodwill	-	-	-54M	-	-275M
Asset Writedown	-	-1.25B	-173M	-76.1M	-438M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	34.98B	45.31B	77.37B	97.73B	79.34B
Income Tax Expense	6.88B	9.02B	16.6B	18.48B	19.95B
Earnings From Continuing Operations	28.1B	36.29B	60.77B	79.25B	59.39B
Net Income to Company	28.1B	36.29B	60.77B	79.25B	59.39B
Minority Interest	-2.4M	-20M	7.7M	-2.1M	-145M
Net Income - (IS)	28.1B	36.27B	60.78B	79.25B	59.25B
Net Income to Common Incl Extra Items	28.1B	36.27B	60.78B	79.25B	59.25B
Net Income to Common Excl. Extra Items	28.1B	36.27B	60.78B	79.25B	59.25B
Per Share Items
Net EPS - Basic	12.44	16.07	26.91	35.03	26.15
Basic EPS - Continuing Operations	12.44	16.07	26.91	35.03	26.15
Basic Weighted Average Shares Outstanding	2.26B	2.26B	2.26B	2.26B	2.27B
Net EPS - Diluted	12.35	15.96	26.78	34.91	26.11
Diluted EPS - Continuing Operations	12.35	15.96	26.78	34.91	26.11
Diluted Weighted Average Shares Outstanding	2.28B	2.27B	2.27B	2.27B	2.27B
Normalized Basic EPS	9.68	12.88	21.47	27.02	22.02
Normalized Diluted EPS	9.61	12.8	21.37	26.92	21.98
Dividend Per Share	-	4.84	17.35	26.11	-
Payout Ratio	76.06	-	16.77	48.33	99.77
Supplemental Items
EBITDA	38.89B	48.16B	83.34B	111B	92.99B
EBITA	38.03B	47.11B	82.45B	110B	91.31B
EBIT	36.85B	45.92B	81.27B	109B	90.13B
EBITDAR	38.91B	48.17B	83.35B	111B	93.01B
Effective Tax Rate - (Ratio)	19.68	19.91	21.45	18.91	25.14
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	8.63B	12.67B	14.79B	19.92B	19.11B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-1.75B	-3.65B	1.81B	-1.44B	1.33B
Normalized Net Income	21.86B	29.08B	48.5B	61.13B	49.89B
Interest on Long-Term Debt	83M	40.6M	5.6M	25.6M	208M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	1.6B	2B	2.49B	6.99B	11.19B
Selling and Marketing Expenses	1.6B	2B	2.49B	6.99B	11.19B
General and Administrative Expenses	8.23B	8.89B	10B	12.35B	15.85B
Net Rental Expense, Total	20.1M	14.8M	9.9M	16M	21M
Imputed Operating Lease Interest Expense	178M	568M	4.37B	2.3B	90.26M
Imputed Operating Lease Depreciation	-158M	-553M	-4.36B	-2.29B	-69.26M
Stock-Based Comp., SG&A Exp. (Total)	422M	264M	963M	3.39B	300M
Total Stock-Based Compensation	422M	264M	963M	3.39B	300M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	471B	452B	459B	831B	692B
Short Term Investments	43.01B	-	-	-	-
Trading Asset Securities, Total	15.1B	3.13B	3.2B	87.47B	199B
Total Cash And Short Term Investments	529B	455B	462B	919B	891B
Accounts Receivable, Total	1.58B	-	-	2.96B	2.61B
Other Receivables	5.02B	1,516B	1,930B	1,925B	1,681B
Notes Receivable	55.01B	-	-	-	-
Total Receivables	61.62B	1,516B	1,930B	1,928B	1,683B
Prepaid Expenses	1.3B	2.71B	-	960M	1.82B
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	5,269B	4,388B	6,797B	8,970B	10,165B
Total Current Assets	5,861B	6,362B	9,188B	11,818B	12,741B
Gross Property Plant And Equipment	16.33B	15.92B	16.03B	21.03B	23.23B
Accumulated Depreciation	-9.43B	-10.33B	-10.77B	-11.48B	-13.16B
Net Property Plant And Equipment	6.9B	5.59B	5.26B	9.56B	10.08B
Long-term Investments	238B	178B	181B	216B	217B
Goodwill	17.27B	16.3B	16.25B	17.62B	17.06B
Other Intangibles, Total	16.97B	17.25B	16.54B	25.23B	30.27B
Deferred Tax Assets Long-Term	2.56B	6.06B	4.9B	6.18B	1.99B
Other Long-Term Assets, Total	752M	34.33B	52.33B	-107M	10.34B
Total Assets	6,143B	6,619B	9,464B	12,093B	13,028B
Liabilities
Accounts Payable, Total	1.32B	860M	2.23B	2.82B	1,376B
Accrued Expenses, Total	6.35B	7.04B	8.05B	8.33B	7.58B
Short-term Borrowings	182M	-	-	-	21.57B
Current Portion of Leases	172M	100M	23.1M	475M	509M
Current Income Taxes Payable	376M	1.16B	996M	234M	348M
Other Current Liabilities	5,992B	6,431B	9,228B	11,813B	11,347B
Total Current Liabilities	6,000B	6,440B	9,239B	11,825B	12,753B
Long-Term Leases	809M	9M	15.5M	622M	362M
Unearned Revenue Non Current	402M	405M	456M	482M	614M
Pension & Other Post Retirement Benefits	407M	512M	445M	590M	628M
Deferred Tax Liability Non Current	1.6B	1.46B	1.25B	1.1B	600M
Other Non Current Liabilities	-	80M	-	3.42B	3.54B
Total Liabilities	6,003B	6,443B	9,241B	11,831B	12,758B
Common Stock, Total	2.5B	2.5B	2.5B	2.5B	2.5B
Additional Paid In Capital	32.25B	32.25B	32.33B	32.44B	32.39B
Retained Earnings	110B	147B	196B	236B	236B
Treasury Stock	-1.54B	-1.53B	-1.28B	-978M	-701M
Comprehensive Income and Other	-3.43B	-3.15B	-6.87B	-8.35B	-1.32B
Total Common Equity	140B	177B	223B	262B	269B
Minority Interest	101M	96M	48.8M	364M	508M
Total Equity	140B	177B	223B	262B	270B
Total Liabilities And Equity	6,143B	6,619B	9,464B	12,093B	13,028B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.26B	2.26B	2.26B	2.26B	2.27B
ECS Total Common Shares Outstanding	2.26B	2.26B	2.26B	2.26B	2.27B
Book Value / Share	62.05	78.25	98.67	115.5	118.65
Tangible Book Value	106B	143B	190B	219B	222B
Tangible Book Value Per Share	46.88	63.39	84.16	96.58	97.77
Total Debt	1.16B	110M	38.6M	1.1B	22.45B
Net Debt	-528B	-455B	-462B	-918B	-868B
Debt Equivalent Oper. Leases	161M	118M	79.2M	128M	168M
Minority Interest, Total (Incl. Fin. Div)	101M	96M	48.8M	364M	508M
Equity Method Investments, Total	99.2M	127M	294M	227M	182M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	208M	208M	208M	208M	208M
Buildings, Total	5.8B	5.8B	5.8B	5.79B	5.77B
Machinery, Total	9.2B	9.53B	9.78B	13.8B	15.96B
Full Time Employees	2.21K	2.34K	2.59K	3.33K	3.73K
Accumulated Allowance for Doubtful Accounts (Supple)	892M	-	-	733M	686M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	28.1B	36.27B	60.78B	79.25B	59.25B
Depreciation & Amortization - CF	972M	1.18B	971M	1.06B	2.07B
Amortization of Goodwill and Intangible Assets - (CF)	1.18B	1.19B	1.18B	1.17B	1.17B
Depreciation & Amortization, Total	2.15B	2.37B	2.15B	2.23B	3.24B
Amortization of Deferred Charges, Total - (CF)	1.54B	1.99B	2.71B	3.24B	4.58B
(Gain) Loss From Sale Of Asset	-37.2M	120M	84M	-	-
(Gain) Loss on Sale of Investments - (CF)	-786M	-257M	-886M	-173M	1.3B
Asset Writedown & Restructuring Costs	-	1.25B	294M	54.6M	638M
Stock-Based Compensation (CF)	422M	264M	963M	3.39B	300M
Provision and Write-off of Bad Debts	-525M	13.09B	-1.66B	1.06B	-2.91B
Other Operating Activities, Total	482M	126B	11.73B	-5.6B	726M
Change in Trading Asset Securities	2.59B	2.65B	1.83B	-3.03B	-3.13B
Change in Other Net Operating Assets	64.24B	1,029B	-153B	466B	47.16B
Cash from Operations	98.17B	1,213B	-74.81B	547B	111B
Capital Expenditure	-4.15B	-3.61B	-4.13B	-12.22B	-13.57B
Sale of Property, Plant, and Equipment	51.1M	400K	-	-	12.4M
Cash Acquisitions	-1.12B	-	-	-4.08B	-56.8M
Divestitures	-	-	-44.3M	-	-
Investment in Marketable and Equity Securities, Total	-55.59B	49.07B	10.49B	-30.51B	11.28B
Other Investing Activities, Total	-	-	-	-	-10.26B
Cash from Investing	-60.81B	45.46B	6.32B	-46.81B	-12.6B
Long-Term Debt Repaid, Total	-163M	-194M	-111M	-110M	-492M
Total Debt Repaid	-163M	-194M	-111M	-110M	-492M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-450M	-	-	-	-
Common Dividends Paid	-21.37B	-	-10.19B	-38.3B	-59.11B
Common & Preferred Stock Dividends Paid	-21.37B	-	-10.19B	-38.3B	-59.11B
Other Financing Activities, Total	-38.2M	-86M	-84.5M	-	-
Cash from Financing	-22.02B	-280M	-10.39B	-38.41B	-59.6B
Foreign Exchange Rate Adjustments	-15.85B	-1,271B	85.97B	-41.8B	-179B
Miscellaneous Cash Flow Adjustments	-	-6.39B	-	-47.32B	-
Net Change in Cash	-509M	-19.75B	7.08B	373B	-140B
Supplemental Items
Cash Interest Paid	1.14B	3.02B	3.61B	10.28B	12.11B
Cash Income Tax Paid (Refund)	9.96B	14.4B	13.06B	22.7B	19.62B
Levered Free Cash Flow	69.65B	-78.91B	29.27B	475B	18.13B
Unlevered Free Cash Flow	70.39B	-77B	31.83B	481B	25.46B
Change In Net Working Capital	-47.4B	107B	20.66B	-417B	25.43B
Net Debt Issued / Repaid	-163M	-194M	-111M	-110M	-492M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.42	0.45	0.63	0.63	0.45
Return on Total Capital	16.36	18.04	25.4	28	19.59
Return On Equity %	20.11	22.9	30.4	32.68	22.35
Return on Common Equity	20.12	22.9	30.41	32.71	22.33
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	32.15	25.38	23.28	25.86	35.87
EBITDA Margin %	69.04	58.39	77.13	71.19	66.98
EBITA Margin %	67.52	57.12	76.3	70.55	65.77
EBIT Margin %	65.42	55.68	75.21	69.8	64.93
Income From Continuing Operations Margin %	49.89	44	56.24	50.8	42.78
Net Income Margin %	49.88	43.98	56.25	50.8	42.68
Net Avail. For Common Margin %	49.88	43.98	56.25	50.8	42.68
Normalized Net Income Margin	38.81	35.26	44.89	39.18	35.94
Levered Free Cash Flow Margin	123.66	-95.67	27.09	304.42	13.06
Unlevered Free Cash Flow Margin	124.98	-93.36	29.46	308.52	18.34
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0.01	0.01
Fixed Assets Turnover	8.43	13.21	19.91	21.05	14.14
Receivables Turnover (Average Receivables)	27.74	-	-	26.53	28.23
Short Term Liquidity
Current Ratio	0.98	0.99	0.99	1	1
Quick Ratio	0.09	0.31	0.26	0.24	0.2
Operating Cash Flow to Current Liabilities	0.02	0.19	-0.01	0.05	0.01
Days Sales Outstanding (Average Receivables)	13.16	-	-	13.8	12.93
Long Term Solvency
Total Debt/Equity	0.83	0.06	0.02	0.42	8.33
Total Debt / Total Capital	0.82	0.06	0.02	0.42	7.69
LT Debt/Equity	0.58	0	0.01	0.24	0.13
Long-Term Debt / Total Capital	0.57	0	0.01	0.24	0.12
Total Liabilities / Total Assets	97.72	97.33	97.64	97.83	97.93
EBIT / Interest Expense	30.96	15.03	19.88	10.65	7.69
EBITDA / Interest Expense	32.77	15.81	20.41	10.87	7.96
(EBITDA - Capex) / Interest Expense	29.29	14.63	19.4	9.68	6.81
Total Debt / EBITDA	0.03	0	0	0.01	0.24
Net Debt / EBITDA	-13.54	-9.41	-5.54	-8.26	-9.3
Total Debt / (EBITDA - Capex)	0.03	0	0	0.01	0.28
Net Debt / (EBITDA - Capex)	-15.16	-10.17	-5.82	-9.28	-10.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.58	46.44	31.01	44.37	-11.01
Gross Profit, 1 Yr. Growth %	11.58	46.44	31.01	44.37	-11.01
EBITDA, 1 Yr. Growth %	8.64	23.83	73.07	33.26	-16.27
EBITA, 1 Yr. Growth %	8.45	23.89	75	33.48	-17.03
EBIT, 1 Yr. Growth %	8.73	24.62	76.98	33.98	-17.22
Earnings From Cont. Operations, 1 Yr. Growth %	11.63	29.16	67.45	30.41	-25.06
Net Income, 1 Yr. Growth %	11.67	29.1	67.56	30.39	-25.24
Normalized Net Income, 1 Yr. Growth %	9.92	33.02	67.78	26.02	-18.39
Diluted EPS Before Extra, 1 Yr. Growth %	10.86	29.23	67.79	30.36	-25.21
Accounts Receivable, 1 Yr. Growth %	11.51	-	-	66.08	-12.03
Net Property, Plant and Equip., 1 Yr. Growth %	6.75	-18.95	-5.84	81.57	5.44
Total Assets, 1 Yr. Growth %	24.55	7.75	42.98	27.77	7.73
Tangible Book Value, 1 Yr. Growth %	-0.48	35.21	32.96	14.94	1.39
Common Equity, 1 Yr. Growth %	0.64	26.11	26.27	17.25	2.88
Cash From Operations, 1 Yr. Growth %	-321.76	1.14K	-106.17	-831.07	-79.68
Capital Expenditures, 1 Yr. Growth %	21.3	-12.91	14.47	195.48	11.06
Levered Free Cash Flow, 1 Yr. Growth %	-43.15	-290.71	-137.1	1.78K	-96.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-43.12	-282.81	-141.34	1.63K	-94.48
Dividend Per Share, 1 Yr. Growth %	-	-	258.47	50.49	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.77	27.83	38.51	37.53	13.35
Gross Profit, 2 Yr. CAGR %	16.77	27.83	38.51	37.53	13.35
EBITDA, 2 Yr. CAGR %	23.26	15.99	46.39	51.86	5.63
EBITA, 2 Yr. CAGR %	24.37	15.91	47.24	52.84	5.24
EBIT, 2 Yr. CAGR %	25.47	16.4	48.51	53.99	5.31
Earnings From Cont. Operations, 2 Yr. CAGR %	17.94	20.08	47.06	47.77	-1.14
Net Income, 2 Yr. CAGR %	17.97	20.07	47.08	47.81	-1.27
Normalized Net Income, 2 Yr. CAGR %	18.35	20.92	48.95	45.41	1.42
Diluted EPS Before Extra, 2 Yr. CAGR %	17.4	19.69	47.26	47.9	-1.26
Accounts Receivable, 2 Yr. CAGR %	23.61	-	-	-	20.88
Net Property, Plant and Equip., 2 Yr. CAGR %	12.52	-6.98	-12.64	30.75	38.36
Total Assets, 2 Yr. CAGR %	23.49	15.84	24.12	35.16	17.32
Tangible Book Value, 2 Yr. CAGR %	3.55	16	34.08	23.62	7.95
Common Equity, 2 Yr. CAGR %	3.14	12.66	26.19	21.68	9.83
Cash From Operations, 2 Yr. CAGR %	-4.78	423.38	-12.71	-32.84	21.89
Capital Expenditures, 2 Yr. CAGR %	41.48	2.78	-0.16	83.91	81.16
Levered Free Cash Flow, 2 Yr. CAGR %	302.3	-19.74	-15.89	145.32	-15.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	432.89	-21.12	-13.07	150.01	-4.35
Dividend Per Share, 2 Yr. CAGR %	-	-28.47	-	132.26	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.41	25.92	28.88	40.44	18.95
Gross Profit, 3 Yr. CAGR %	10.41	25.92	28.88	40.44	18.95
EBITDA, 3 Yr. CAGR %	9.97	23.45	32.54	41.88	24.53
EBITA, 3 Yr. CAGR %	10.87	24.21	32.97	42.51	24.68
EBIT, 3 Yr. CAGR %	11.3	25.18	33.85	43.5	25.21
Earnings From Cont. Operations, 3 Yr. CAGR %	12.53	21.57	34.15	41.29	17.84
Net Income, 3 Yr. CAGR %	12.53	21.57	34.18	41.29	17.77
Normalized Net Income, 3 Yr. CAGR %	12.47	23.05	34.61	40.88	19.95
Diluted EPS Before Extra, 3 Yr. CAGR %	12.22	21.22	33.96	41.39	17.83
Accounts Receivable, 3 Yr. CAGR %	19.64	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	4.9	0.87	-6.6	11.49	21.7
Total Assets, 3 Yr. CAGR %	14.59	18	24.26	25.32	25.32
Tangible Book Value, 3 Yr. CAGR %	4.84	13.18	21.4	27.37	15.72
Common Equity, 3 Yr. CAGR %	3.75	10.29	17.02	23.14	15.06
Cash From Operations, 3 Yr. CAGR %	4.02	123.73	19.11	77.27	-54.91
Capital Expenditures, 3 Yr. CAGR %	28.03	20.35	6.54	43.35	55.45
Levered Free Cash Flow, 3 Yr. CAGR %	-22.54	163.69	-37.95	125.57	-38.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-22.31	214.35	-36.41	125.24	-30.85
Dividend Per Share, 3 Yr. CAGR %	-	-15.21	22.41	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.08	16.6	20.89	30.44	22.43
Gross Profit, 5 Yr. CAGR %	5.08	16.6	20.89	30.44	22.43
EBITDA, 5 Yr. CAGR %	2.98	12.15	23.3	34.12	21.04
EBITA, 5 Yr. CAGR %	3.16	12.91	24.2	34.95	21.09
EBIT, 5 Yr. CAGR %	3.01	13.03	24.91	35.99	21.61
Earnings From Cont. Operations, 5 Yr. CAGR %	2.21	12.37	25.24	31.44	18.73
Net Income, 5 Yr. CAGR %	2.22	12.35	25.25	31.45	18.69
Normalized Net Income, 5 Yr. CAGR %	2.25	13.1	25.85	31.39	20.19
Diluted EPS Before Extra, 5 Yr. CAGR %	2.05	12.19	25.1	31.26	18.57
Accounts Receivable, 5 Yr. CAGR %	14.02	-	-	23.45	12.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.2	-3.37	-2.5	11.9	9.3
Total Assets, 5 Yr. CAGR %	20.26	16.93	18.31	24.59	21.44
Tangible Book Value, 5 Yr. CAGR %	3.56	10.51	15.68	17.25	15.83
Common Equity, 5 Yr. CAGR %	2.6	7.84	12.2	14.71	14.09
Cash From Operations, 5 Yr. CAGR %	-25.89	61.41	-3.02	38.25	20.21
Capital Expenditures, 5 Yr. CAGR %	3.17	11.43	15.91	42.6	31.74
Levered Free Cash Flow, 5 Yr. CAGR %	-33.72	-4.23	-27.86	156.19	-31.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	-33.57	-4.59	-26.67	186.83	-27.11
Dividend Per Share, 5 Yr. CAGR %	-	-9.47	17.64	26.88	-