Cash flow Scatec ASA

Equities

SSO

NO0010715139

Independent Power Producers

Real-time Oslo Bors Other stock markets 19:06:06 13/02/2026 HKT			5-day change	1st Jan Change
115.90 ^NOK	-0.34%		+1.40%	+9.13%

06:27pm	Scatec to Kick off Construction of Solar Projects in Romania	MT
02-13	Scatec reaches financial close, starts construction of 190 MW solar in Romania	RE

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Published financial data: SCATEC ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues - (Utility Template)	2.77B	3.04B	3B	3.4B	4.37B
Other Revenues, Total	-1M	-	-	-	-
Total Revenues	2.77B	3.04B	3B	3.4B	4.37B
Selling General & Admin Expenses, Total	156M	182M	210M	210M	358M
Depreciation & Amortization - (IS) - (Collected)	766M	816M	884M	878M	1.15B
Other Operating Expenses	529M	718M	986M	944M	795M
Total Operating Expenses	1.45B	1.72B	2.08B	2.03B	2.3B
Operating Income (REIT / Utility Template)	1.32B	1.32B	922M	1.37B	2.07B
Interest Expense, Total	-1.13B	-1.3B	-1.42B	-1.73B	-2.56B
Interest and Investment Income	48M	43M	92M	162M	152M
Net Interest Expenses	-1.08B	-1.26B	-1.33B	-1.56B	-2.41B
Income (Loss) on Equity Invest.	-16M	765M	749M	46M	714M
Currency Exchange Gains (Loss)	-405M	71M	-357M	161M	-175M
Other Non Operating Income (Expenses)	-42M	-63M	-130M	-213M	-75M
EBT, Excl. Unusual Items	-227M	835M	-148M	-204M	119M
Gain (Loss) on Sale of Assets	-	-	-	1.28B	1.49B
Asset Writedown	-11M	-76M	-948M	-64M	-146M
EBT, Incl. Unusual Items	-238M	759M	-1.1B	1.01B	1.46B
Income Tax Expense	130M	303M	132M	-114M	-22M
Earnings From Continuing Operations	-368M	456M	-1.23B	1.12B	1.49B
Net Income to Company	-368M	456M	-1.23B	1.12B	1.49B
Minority Interest	-110M	-68M	-106M	-494M	-177M
Net Income - (IS)	-478M	388M	-1.33B	628M	1.31B
Net Income to Common Incl Extra Items	-478M	388M	-1.33B	628M	1.31B
Net Income to Common Excl. Extra Items	-478M	388M	-1.33B	628M	1.31B
Per Share Items
Net EPS - Basic	-3.52	2.44	-8.4	3.95	8.24
Basic EPS - Continuing Operations	-3.52	2.44	-8.4	3.95	8.24
Basic Weighted Average Shares Outstanding	136M	159M	159M	159M	159M
Net EPS - Diluted	-3.52	2.43	-8.4	3.95	8.24
Diluted EPS - Continuing Operations	-3.52	2.43	-8.4	3.95	8.24
Diluted Weighted Average Shares Outstanding	136M	160M	159M	159M	159M
Normalized Basic EPS	-1.85	2.86	-1.25	-3.91	-0.65
Normalized Diluted EPS	-1.85	2.84	-1.25	-3.91	-0.65
Dividend Per Share	1.09	2.54	1.94	-	-
Payout Ratio	-27.41	44.59	-30.21	49.04	-
Supplemental Items
Utility Revenues	1.6B	1.86B	1.85B	1.85B	2.72B
Non Utility Revenues	1.15B	1.94B	1.9B	1.9B	1.65B
EBITDA	2.08B	2.14B	1.81B	2.21B	3.18B
EBITA	1.32B	1.33B	948M	1.39B	2.08B
EBIT	1.32B	1.32B	922M	1.37B	2.07B
EBITDAR	2.23B	2.32B	2.02B	2.42B	3.51B
Total Revenues (As Reported)	2.75B	3.8B	3.75B	4.72B	6.57B
Effective Tax Rate - (Ratio)	-54.62	39.92	-12.04	-11.31	-1.5
Total Current Taxes	155M	133M	242M	272M	172M
Total Deferred Taxes	-25M	232M	-108M	-384M	-194M
Normalized Net Income	-252M	454M	-198M	-622M	-103M
Interest Capitalized	92M	-	-	-	-
Interest on Long-Term Debt	153M	15M	18M	27M	26M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	132M	48M	65M
Net Rental Expense, Total	142M	182M	210M	210M	329M
Imputed Operating Lease Interest Expense	93.06M	108M	106M	112M	239M
Imputed Operating Lease Depreciation	48.94M	73.61M	104M	98.38M	89.97M
Stock-Based Comp., SG&A Exp. (Total)	14M	-	-	-	29M
Total Stock-Based Compensation	14M	-	-	-	29M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	7.79B	4.17B	4.13B	3.1B	3.89B
Short Term Investments - (Utility / Insurance Templates)	-	-	-	-	-
Trading Asset Securities, Total	-	-	21M	16M	24M
Accounts Receivable, Total	623M	740M	497M	478M	487M
Other Receivables	645M	712M	527M	515M	685M
Accounts Receivable (Summary Subtotal)	1.27B	1.45B	1.02B	993M	1.17B
Other Current Assets, Total	18M	22M	1.34B	774M	2.5B
Total Current Assets	9.07B	5.64B	6.51B	4.88B	7.58B
Gross Property Plant And Equipment	18.08B	19.04B	22.49B	27.59B	30.25B
Accumulated Depreciation	-2.22B	-3.15B	-5.18B	-5.55B	-6.19B
Net Property Plant And Equipment	15.86B	15.88B	17.31B	22.04B	24.07B
Goodwill	25M	321M	357M	367M	321M
Other Intangibles, Total	225M	476M	401M	350M	239M
Long-Term Investments - (Utility Template)	612M	9.78B	11.17B	12.82B	11.85B
Loans Receivable Long-Term - (Utility Template)	46M	1M	-	-	-
Deferred Tax Assets Long-Term (Collected)	722M	748M	860M	1.23B	1.55B
Other Long-Term Assets, Total	98M	177M	116M	113M	133M
Total Assets	26.66B	33.03B	36.73B	41.8B	45.74B
Liabilities
Accounts Payable, Total	760M	812M	594M	294M	481M
Accrued Expenses, Total	522M	565M	263M	163M	289M
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1.79B	1.24B	2.3B	3.07B	4.61B
Current Portion of Leases	35M	39M	43M	25M	26M
Current Income Taxes Payable	90M	24M	37M	48M	57M
Unearned Revenue, Current	-	-	106M	14M	16M
Other Current Liabilities - (Bank / Utility Template)	296M	237M	694M	2.02B	1.35B
Total Current Liabilities	3.5B	2.91B	4.04B	5.64B	6.83B
Long-Term Debt	12.64B	18.83B	22.22B	23.82B	24.28B
Long-Term Leases	227M	206M	270M	315M	320M
Deferred Tax Liability Non-Current	205M	589M	743M	849M	671M
Other Non Current Liabilities, Total	629M	571M	652M	605M	874M
Total Liabilities	17.2B	23.11B	27.93B	31.22B	32.98B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	9.72B	9.78B	9.82B	9.85B	9.88B
Retained Earnings	-708M	-493M	-2.23B	-1.91B	-603M
Comprehensive Income and Other	-221M	-16M	671M	747M	1.35B
Total Common Equity	8.8B	9.27B	8.26B	8.69B	10.63B
Minority Interest	673M	649M	540M	1.88B	2.14B
Total Equity	9.47B	9.92B	8.8B	10.57B	12.76B
Total Liabilities And Equity	26.66B	33.03B	36.73B	41.8B	45.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	158M	159M	159M	159M	159M
ECS Total Common Shares Outstanding	158M	159M	159M	159M	159M
Book Value / Share	55.55	58.34	52	54.66	66.9
Tangible Book Value	8.54B	8.47B	7.5B	7.97B	10.07B
Tangible Book Value Per Share	53.97	53.32	47.23	50.15	63.37
Total Debt	14.69B	20.31B	24.84B	27.23B	29.24B
Net Debt	6.9B	16.14B	20.68B	24.11B	25.32B
Debt Equivalent Oper. Leases	1.14B	1.46B	1.68B	1.68B	2.63B
Minority Interest, Total (Incl. Fin. Div)	673M	649M	540M	1.88B	2.14B
Equity Method Investments, Total	612M	9.74B	10.67B	12.37B	11.45B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	15.94B	18.02B	19.82B	25.9B	25.49B
Full Time Employees	435	622	778	622	644
Part Time Employees	-	-	-	-	4
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	98M	98M	38M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-478M	388M	-1.33B	628M	1.31B
Depreciation, Depletion & Amortization	766M	805M	896M	854M	1.13B
Amortization of Goodwill and Intangible Assets - (CF)	-	11M	26M	24M	18M
Total Depreciation, Depletion & Amortization	766M	816M	922M	878M	1.15B
(Gain) Loss On Sale of Asset - (CF)	-	9M	45M	-1.21B	-1.49B
Total Asset Writedown	11M	76M	946M	64M	146M
Restructuring Activities	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	16M	-765M	-749M	-46M	-714M
Change in Trading Asset Securities	-	-	-	-	-
Change in Accounts Receivable	-	-	-	-	-9M
Change in Accounts Payable	-	-	-	-	67M
Change in Other Net Operating Assets (Collected)	-226M	158M	-926M	132M	14M
Other Operating Activities	1.58B	1.39B	1.85B	1.74B	2.66B
Cash from Operations	1.67B	2.07B	756M	2.18B	3.13B
Capital Expenditure	-1.77B	-967M	-1.99B	-7.14B	-3.27B
Sale of Property, Plant, and Equipment	-	-	-	390M	407M
Cash Acquisitions	-	-7.85B	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	12M	688M	-204M	-447M	-77M
Other Investing Activities, Total	58M	46M	784M	627M	1.36B
Cash from Investing	-1.7B	-8.08B	-1.41B	-6.58B	-1.58B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	135M	4.74B	3.47B	6.64B	6.15B
Total Debt Issued	135M	4.74B	3.47B	6.64B	6.15B
Long-Term Debt Repaid, Total	-696M	-775M	-1.2B	-1.84B	-4.53B
Total Debt Repaid	-696M	-775M	-1.2B	-1.84B	-4.53B
Issuance of Common Stock	6.58B	42M	-	-	-
Common Dividends Paid	-131M	-173M	-403M	-308M	-
Common & Preferred Stock Dividends Paid	-131M	-173M	-403M	-308M	-
Other Financing Activities, Total	-900M	-1.42B	-1.64B	-1.2B	-2.69B
Cash from Financing	4.98B	2.41B	221M	3.29B	-1.07B
Foreign Exchange Rate Adjustments	13M	-20M	389M	78M	340M
Miscellaneous Cash Flow Adjustments	-	-1M	1M	-12M	-33M
Net Change in Cash	4.96B	-3.62B	-39M	-1.03B	789M
Supplemental Items
Cash Interest Paid	912M	1.2B	1.13B	1.99B	2.36B
Cash Income Tax Paid (Refund)	214M	234M	170M	261M	162M
Net Debt Issued / Repaid	-561M	3.97B	2.27B	4.8B	1.63B
Levered Free Cash Flow	-692M	-357M	-2.3B	-5.15B	-4.65B
Unlevered Free Cash Flow	15.38M	457M	-1.41B	-4.07B	-3.05B
Change In Net Working Capital	-185M	218M	918M	-1.35B	2.25B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.42	2.77	1.65	2.18	2.95
Return on Total Capital	3.84	3.04	1.81	2.39	3.24
Return On Equity %	-5.62	4.7	-13.12	11.58	12.74
Return on Common Equity	-8.12	4.3	-15.22	7.41	13.55
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	12.71	19.06	24.58	22.95	17.83
EBITDA Margin %	75.27	70.38	60.23	64.93	72.73
EBITA Margin %	47.62	43.88	31.58	40.92	47.73
EBIT Margin %	47.62	43.52	30.71	40.22	47.32
Income From Continuing Operations Margin %	-13.29	15.01	-40.91	33.01	34.02
Net Income Margin %	-17.26	12.77	-44.44	18.48	29.97
Net Avail. For Common Margin %	-17.26	12.77	-44.44	18.48	29.97
Normalized Net Income Margin	-9.09	14.94	-6.61	-18.28	-2.35
Levered Free Cash Flow Margin	-24.96	-11.76	-76.47	-151.4	-106.4
Unlevered Free Cash Flow Margin	0.56	15.05	-46.83	-119.64	-69.71
Asset Turnover
Asset Turnover	0.11	0.1	0.09	0.09	0.1
Fixed Assets Turnover	0.18	0.19	0.18	0.17	0.19
Receivables Turnover (Average Receivables)	5.11	4.46	4.85	6.97	9.05
Short Term Liquidity
Current Ratio	2.6	1.94	1.61	0.87	1.11
Quick Ratio	2.59	1.93	1.28	0.73	0.74
Operating Cash Flow to Current Liabilities	0.48	0.71	0.19	0.39	0.46
Days Sales Outstanding (Average Receivables)	71.59	81.88	75.2	52.35	40.43
Long Term Solvency
Total Debt/Equity	155.19	204.79	282.15	257.59	229.05
Total Debt / Total Capital	60.81	67.19	73.83	72.04	69.61
LT Debt/Equity	135.89	191.92	255.52	228.31	192.73
Long-Term Debt / Total Capital	53.25	62.97	66.86	63.85	58.57
Total Liabilities / Total Assets	64.49	69.97	76.03	74.71	72.1
EBIT / Interest Expense	1.17	1.01	0.65	0.79	0.81
EBITDA / Interest Expense	1.84	1.64	1.29	1.3	1.25
(EBITDA - Capex) / Interest Expense	0.27	0.9	-0.1	-2.84	-0.02
Total Debt / EBITDA	7.05	9.5	13.47	12.13	9.09
Net Debt / EBITDA	3.31	7.55	11.22	10.74	7.88
Total Debt / (EBITDA - Capex)	47.24	17.35	-174.92	-5.56	-551.62
Net Debt / (EBITDA - Capex)	22.2	13.78	-145.67	-4.92	-477.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	52.95	9.68	-1.18	13.22	28.51
Gross Profit, 1 Yr. Growth %	52.95	9.68	-1.18	13.22	28.51
EBITDA, 1 Yr. Growth %	47.45	2.44	-15.44	24.69	43.95
EBITA, 1 Yr. Growth %	41.07	0.91	-28.88	47.04	49.89
EBIT, 1 Yr. Growth %	41.07	0.23	-30.26	48.59	51.21
Earnings From Cont. Operations, 1 Yr. Growth %	-337.42	-223.91	-369.3	-191.37	32.44
Net Income, 1 Yr. Growth %	1.13K	-181.17	-443.81	-147.08	108.44
Diluted EPS Before Extra, 1 Yr. Growth %	1.03K	-169.09	-445.68	-147.02	108.55
Normalized Net Income, 1 Yr. Growth %	331.48	-280.2	-143.73	211.14	-83.49
Net Property, Plant and Equip., 1 Yr. Growth %	4.49	-1.16	8.97	27.3	9.23
Accounts Receivable, 1 Yr. Growth %	35.14	18.78	-32.84	-3.82	1.88
Total Assets, 1 Yr. Growth %	23.57	23.88	11.2	13.79	9.44
Tangible Book Value, 1 Yr. Growth %	213	-3.22	-11.42	6.2	26.32
Cash From Operations, 1 Yr. Growth %	-10.16	24	-63.51	33.41	42.18
Capital Expenditures, 1 Yr. Growth %	-72.72	-45.49	105.38	149.22	-55.5
Levered Free Cash Flow, 1 Yr. Growth %	-88.4	-49.24	868.16	64.83	-12.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-100.28	13.45K	-343.53	82.2	-28.12
Dividend Per Share, 1 Yr. Growth %	14.74	133.03	-23.62	-	-
Common Equity, 1 Yr. Growth %	195.63	5.4	-10.86	5.13	22.34
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	55.2	29.52	4.1	5.77	20.62
Gross Profit, 2 Yr. CAGR %	55.2	29.52	4.1	5.77	20.62
EBITDA, 2 Yr. CAGR %	57.64	22.96	-6.92	1.6	33.97
EBITA, 2 Yr. CAGR %	50.41	19.4	-15.29	2.15	48.46
EBIT, 2 Yr. CAGR %	50.41	18.91	-16.39	1.69	49.89
Earnings From Cont. Operations, 2 Yr. CAGR %	27.61	71.52	82.67	56.86	10
Net Income, 2 Yr. CAGR %	84.78	215.42	67.06	27.22	-0.94
Diluted EPS Before Extra, 2 Yr. CAGR %	65.77	179.19	54.54	27.5	-0.97
Normalized Net Income, 2 Yr. CAGR %	41.11	178.84	-11.23	17.02	-28.32
Net Property, Plant and Equip., 2 Yr. CAGR %	33.08	2.3	3.78	17.78	17.92
Accounts Receivable, 2 Yr. CAGR %	49.43	26.7	-10.68	-19.63	-1.01
Total Assets, 2 Yr. CAGR %	33.96	23.72	17.37	12.49	11.6
Common Equity, 2 Yr. CAGR %	116	76.52	-3.07	-3.2	13.41
Tangible Book Value, 2 Yr. CAGR %	117.4	76.17	-7.41	-3.01	15.82
Cash From Operations, 2 Yr. CAGR %	15.71	5.55	-32.74	2.67	38.23
Capital Expenditures, 2 Yr. CAGR %	-29.46	-61.44	5.81	171.82	6.76
Levered Free Cash Flow, 2 Yr. CAGR %	-50	-75.52	80.65	365.85	22.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	-92.08	-71.22	1.94K	165.42	16.8
Dividend Per Share, 2 Yr. CAGR %	7.12	63.51	33.41	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	35.19	38.24	18.35	7.06	12.87
Gross Profit, 3 Yr. CAGR %	35.19	38.24	18.35	7.06	12.87
EBITDA, 3 Yr. CAGR %	33.77	36.59	8.54	1.88	14.11
EBITA, 3 Yr. CAGR %	28.27	31.74	0.46	1.74	16.08
EBIT, 3 Yr. CAGR %	28.27	31.38	-0.47	1.2	16.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.64	26.36	99.35	45	48.26
Net Income, 3 Yr. CAGR %	12.14	40.46	224.61	9.52	49.98
Diluted EPS Before Extra, 3 Yr. CAGR %	1.64	23.82	199.79	3.94	50.22
Normalized Net Income, 3 Yr. CAGR %	76.42	53.09	50.38	35.13	-39.08
Net Property, Plant and Equip., 3 Yr. CAGR %	41.34	21.05	4.47	11.09	14.86
Accounts Receivable, 3 Yr. CAGR %	37.62	38.42	2.54	-8.45	-13.02
Total Assets, 3 Yr. CAGR %	37.57	30.51	19.4	16.16	11.46
Common Equity, 3 Yr. CAGR %	88.6	70.06	40.57	-0.41	4.66
Tangible Book Value, 3 Yr. CAGR %	87.95	67.35	40.09	-3.08	5.92
Cash From Operations, 3 Yr. CAGR %	25.57	18.41	-25.93	9.33	14.72
Capital Expenditures, 3 Yr. CAGR %	38.14	-35.27	-32.65	59.1	50.07
Levered Free Cash Flow, 3 Yr. CAGR %	18.68	-49.46	-27.24	94.12	169.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	-48.49	-42.88	-36.61	964.11	74.08
Dividend Per Share, 3 Yr. CAGR %	11.8	38.79	26.87	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	26.13	24.57	21.78	24.2	19.25
Gross Profit, 5 Yr. CAGR %	26.13	24.57	21.78	24.2	19.25
EBITDA, 5 Yr. CAGR %	24.93	22.95	15.73	21.34	17.57
EBITA, 5 Yr. CAGR %	20.72	21.04	8.69	19	17.4
EBIT, 5 Yr. CAGR %	20.72	20.84	8.09	18.58	17.19
Earnings From Cont. Operations, 5 Yr. CAGR %	22.09	45.27	22.9	37.78	57.16
Net Income, 5 Yr. CAGR %	47.85	156.39	31.52	35.01	101.92
Diluted EPS Before Extra, 5 Yr. CAGR %	37.33	130.52	20.18	25.28	92.49
Normalized Net Income, 5 Yr. CAGR %	31.75	63.86	34.04	37.49	11.95
Net Property, Plant and Equip., 5 Yr. CAGR %	24.91	25.6	25.24	19.73	9.66
Accounts Receivable, 5 Yr. CAGR %	12.52	25.11	15.77	11.37	1.1
Total Assets, 5 Yr. CAGR %	27.27	36.09	29.11	22.98	16.21
Common Equity, 5 Yr. CAGR %	61.23	68.39	44.51	35.74	29
Tangible Book Value, 5 Yr. CAGR %	61.26	66.49	42.28	34.54	29.82
Cash From Operations, 5 Yr. CAGR %	27.05	23.13	-2.18	11.84	10.96
Capital Expenditures, 5 Yr. CAGR %	-6.72	1.82	24.16	14.92	-12.85
Levered Free Cash Flow, 5 Yr. CAGR %	-21.15	-14.67	40.88	13.22	-4.85
Unlevered Free Cash Flow, 5 Yr. CAGR %	-62.31	-0.94	65.72	10.63	-11.22
Dividend Per Share, 5 Yr. CAGR %	10.55	29.04	19.99	-	-