HOUSTON, TX / ACCESSWIRE / August 3, 2022 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, today reported financial results for the quarter ended June 30, 2022.
Key Highlights
- Achieved $12.5 million in Net Income and $13.3 million in Adjusted EBITDA for the second quarter
- Achieved $35.4 million in Gross Profit and $23.7 million in Retail Gross Margin for the second quarter
- Total RCE count of 368,000 as of June 30, 2022
- Average monthly attrition of 3.1% compared to 3.3% in second quarter 2021
- Total liquidity of $71.1 million as of June 30, 2022
"Via Renewables is pleased to announce that we have entered into a new $195 million Credit Facility, which replaced the existing facility, on June 30, 2022. The new facility creates increased operating flexibility and a competitive long term capital structure. In the second quarter of 2022, we were able to increase our customer acquisition spend considerably from the second quarter of 2021. We've been hitting our telemarketing goals while continuing to ramp our D2D channels. Attrition has slightly decreased compared to the second quarter of 2021 even with increased sales due to climbing market rates. Customers are finding it harder to shop rates with both utilities and retail providers raising rates to keep up with the rising cost of energy." said Keith Maxwell, Via Renewables' President and Chief Executive Officer.
Summary Second Quarter 2022 Financial Results
Net income for the quarter ended June 30, 2022, was $12.5 million compared to net income of $24.8 million for the quarter ended June 30, 2021. The decrease, compared to the prior year, was largely the result of a reduction in mark-to-market on our hedges, partially offset by a reduction in income tax expense, depreciation, and amortization expense.
For the quarter ended June 30, 2022, Via Renewables reported Adjusted EBITDA of $13.3 million compared to Adjusted EBITDA of $14.4 million for the quarter ended June 30, 2021. Lower quarter over quarter Adjusted EBITDA is driven by lower electricity and natural gas unit margins due to rising commodity prices, higher CAC spend and higher G&A expenses. It's offset by a $4.4 million non-recurring addback, which is the result of receiving $9.6 million from ERCOT related to Winter Storm Uri. The additional $5.2 million benefit was taken in the first quarter of 2021.
For the quarter ended June 30, 2022, Via Renewables reported Gross Profit of $35.4 million compared to Gross Profit of $46.0 million for the quarter ended June 30, 2021. The decrease, compared to the prior year, was largely the result of a reduction in mark-to-market on our hedges partially offset by the $9.6 million received from ERCOT related to Winter Storm Uri. Additionally, while revenue increased in the second quarter of 2022, it was offset by higher cost of revenues due to rapidly rising commodity prices compared to the second quarter of 2021.
For the quarter ended June 30, 2022, Via Renewables reported Retail Gross Margin of $23.7 million compared to Retail Gross Margin of $26.4 million for the quarter ended June 30, 2021. Increasing commodity prices were the driving factor in the decrease partially offset by higher natural gas volumes.
Liquidity and Capital Resources
($ in thousands) | | June 30, 2022 |
Cash and cash equivalents | | $ | 43,196 |
Senior Credit Facility Availability (1) | | | 22,914 |
Subordinated Debt Facility Availability (2) | | | 5,000 |
Total Liquidity | | $ | 71,110 |
(1) Reflects amount of Letters of Credit that could be issued based on existing covenants as of June 30, 2022.
(2) The availability of the Subordinated Facility is dependent on our Founder's discretion.
Dividend
On July 20, 2022, Via Renewables' Board of Directors declared quarterly dividends of $0.18125 per share on its Class A common stock payable on September 15, 2022 to holders of record on September 1, 2022, and $0.568125 per share on its Series A Preferred Stock payable on October 17, 2022 to holders of record on October 3, 2022.
Business Outlook
Mr. Maxwell concluded, "Our focus is on optimizing our book and operationalizing in today's turbulent market climate, which includes record demand and volatile commodity prices. In order to drive growth, we will continue to expand our organic sales channels and new product offerings, along with actively pursuing potential acquisitions to complement our customer portfolio."
Conference Call and Webcast
Via will host a conference call to discuss second quarter 2022 results on Thursday, August 4, 2022, at 10:00 AM Central Time (11:00 AM Eastern).
A live webcast of the conference call can be accessed from the Events page of the Via Renewables Investor Relations website at An archived replay of the webcast will be available for twelve months following the live presentation.
About Via Renewables, Inc.
Via Renewables, Inc. is an independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for natural gas and electricity. Headquartered in Houston, Texas, Via Renewables currently operates in 102 utility service territories across 19 states and the District of Columbia. Via Renewables offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Via Renewables Investor Relations website at Investors are urged to monitor our website regularly for information and updates about the Company.
Cautionary Note Regarding Forward Looking Statements
This earnings release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") can be identified by the use of forward-looking terminology including "may," "should," "could," "likely," "will," "believe," "expect," "anticipate," "estimate," "continue," "plan," "intend," "project," or other similar words. All statements, other than statements of historical fact included in this earnings release are forward-looking statements. The forward-looking statements include statements regarding the impacts of COVID-19 and the 2021 severe weather event, cash flow generation and liquidity, business strategy, prospects for growth and acquisitions, outcomes of legal proceedings, ability to pay and amount of cash dividends and distributions on our Class A common stock and Series A Preferred Stock, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives, beliefs of management, availability and terms of capital, competition, governmental regulation and general economic conditions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct.
The forward-looking statements in this earnings release are subject to risks and uncertainties. Important factors that could cause actual results to materially differ from those projected in the forward-looking statements include, but are not limited to:
- evolving risks, uncertainties and impacts relating to COVID-19, including the geographic spread, the severity of the disease, the scope and duration of the COVID-19 outbreak, actions that may be taken by governmental authorities to contain the COVID-19 outbreak or to treat its impact, and the potential for continuing negative impacts of COVID-19 on economies and financial markets;
- the ultimate impact of the 2021 severe weather event, including future benefits or costs related to ERCOT market securitization efforts, and any corrective action by the State of Texas, ERCOT, the Railroad Commission of Texas, or the Public Utility Commission of Texas;
- changes in commodity prices, the margins we receive and interest rates;
- the sufficiency of risk management and hedging policies and practices;
- the impact of extreme and unpredictable weather conditions, including hurricanes and other natural disasters;
- federal, state and local regulations, including the industry's ability to address or adapt to potentially restrictive new regulations that may be enacted by public utility commissions;
- our ability to borrow funds and access credit markets;
- restrictions in our debt agreements and collateral requirements;
- credit risk with respect to suppliers and customers;
- our ability to acquire customers and actual attrition rates;
- changes in cost to acquire customers;
- accuracy of billing systems;
- our ability to successfully identify, complete, and efficiently integrate acquisitions into our operations;
- significant changes in, or new changes by, the independent system operators ("ISOs") in the regions we operate;
- competition; and
- the "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, and other public filings and press releases.
You should review the risk factors and other factors noted throughout this earnings release that could cause our actual results to differ materially from those contained in any forward-looking statement. All forward-looking statements speak only as of the date of this earnings release. Unless required by law, we disclaim any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise. It is not possible for us to predict all risks, nor can we assess the impact of all factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
For further information, please contact:
Investor Relations:
Stephen Rabalais,
832-200-3727
Media Relations:
Kira Jordan,
832-255-7302
VIA RENEWABLES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
| Three Months Ended June 30, | | | Six Months Ended June 30, | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
Revenues: | | | | | | | | | | | | |
Retail revenues | | $ | 98,347 | | | $ | 82,309 | | | $ | 226,405 | | | $ | 195,454 | |
Net asset optimization (expense) | | | (1,248 | ) | | | (114 | ) | | | (2,152 | ) | | | (254 | ) |
Total Revenues | | | 97,099 | | | | 82,195 | | | | 224,253 | | | | 195,200 | |
Operating Expenses: | | | | | | | | | | | | | | | | |
Retail cost of revenues | | | 61,702 | | | | 36,176 | | | | 130,409 | | | | 158,344 | |
General and administrative | | | 13,583 | | | | 10,663 | | | | 28,518 | | | | 23,334 | |
Depreciation and amortization | | | 4,936 | | | | 5,413 | | | | 10,120 | | | | 11,449 | |
Total Operating Expenses | | | 80,221 | | | | 52,252 | | | | 169,047 | | | | 193,127 | |
Operating income | | | 16,878 | | | | 29,943 | | | | 55,206 | | | | 2,073 | |
Other (expense)/income: | | | | | | | | | | | | | | | | |
Interest expense | | | (1,820 | ) | | | (1,552 | ) | | | (3,127 | ) | | | (2,863 | ) |
Interest and other income | | | 206 | | | | 79 | | | | 255 | | | | 165 | |
Total other expenses | | | (1,614 | ) | | | (1,473 | ) | | | (2,872 | ) | | | (2,698 | ) |
Income (loss) before income tax expense | | | 15,264 | | | | 28,470 | | | | 52,334 | | | | (625 | ) |
Income tax expense | | | 2,730 | | | | 3,674 | | | | 8,774 | | | | 2,139 | |
Net income (loss) | | $ | 12,534 | | | $ | 24,796 | | | $ | 43,560 | | | $ | (2,764 | ) |
Less: Net income (loss) attributable to non-controlling interests | | | 7,916 | | | | 14,313 | | | | 25,968 | | | | (5,616 | ) |
Net income attributable to Via Renewables, Inc. stockholders | | $ | 4,618 | | | $ | 10,483 | | | $ | 17,592 | | | $ | 2,852 | |
Less: Dividend on Series A Preferred Stock | | | 1,700 | | | | 1,951 | | | | 3,651 | | | | 3,902 | |
Net income (loss) attributable to stockholders of Class A common stock | | $ | 2,918 | | | $ | 8,532 | | | $ | 13,941 | | | $ | (1,050 | ) |
Net income (loss) attributable to Via Renewables, Inc. per share of Class A common stock | | | | | | | | | | | | | | | | |
Basic | | $ | 0.19 | | | $ | 0.58 | | | $ | 0.89 | | | $ | (0.07 | ) |
Diluted | | $ | 0.18 | | | $ | 0.58 | | | $ | 0.88 | | | $ | (0.07 | ) |
Weighted average shares of Class A common stock outstanding | | | | | | | | | | | | | | | | |
Basic | | | 15,745 | | | | 14,685 | | | | 15,701 | | | | 14,656 | |
Diluted | | | 15,776 | | | | 14,821 | | | | 15,793 | | | | 14,767 | |
Selected Balance Sheet Data | | |
(in thousands) | June 30, 2022 | December 31, 2021 |
Cash and cash equivalents | | 43,196 | | 68,899 |
Working capital | | 141,784 | | 114,188 |
Total assets | | 348,817 | | 355,276 |
Total debt | | 115,000 | | 135,000 |
Total liabilities | | 183,149 | | 217,637 |
Total stockholders' equity | | 63,366 | | 53,352 |
Selected Cash Flow Data | | | | | |
| Six Months Ended June 30, | |
(in thousands) | | 2022 | | 2021 | |
Net cash provided by operating activities | | $ | 12,944 | | $ | 9,168 | |
Net cash used in investing activities | | $ | (5,160 | ) | $ | (1,063 | ) |
Net cash (used in) provided by financing activities | | $ | (37,581 | ) | $ | 24,751 | |
Operating Segment Results | | | | | | | | | | | | |
(in thousands, except volume and per unit operating data) | | Three Months Ended June 30, | | | Six Months Ended June 30, | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
Retail Electricity Segment | | | | | | | | | | | | |
Total Revenues | | $ | 82,290 | | | $ | 71,689 | | | $ | 170,331 | | | $ | 150,444 | |
Retail Cost of Revenues | | | 50,116 | | | | 31,203 | | | | 96,276 | | | | 138,727 | |
Less: Net gain on non-trading derivatives, net of cash settlements | | | 5,898 | | | | 18,835 | | | | 30,593 | | | | 24,352 | |
Non-recurring event - Winter Storm Uri | | | 9,565 | | | | - | | | | 9,565 | | | | (64,900 | ) |
Retail Gross Margin (1) - Electricity | | $ | 16,711 | | | $ | 21,651 | | | $ | 33,897 | | | $ | 52,265 | |
Volumes - Electricity (MWhs) (3) | | | 603,497 | | | | 614,000 | | | | 1,288,649 | | | | 1,236,127 | |
Retail Gross Margin (2) (4) - Electricity per MWh | | $ | 27.69 | | | $ | 35.26 | | | $ | 26.30 | | | $ | 42.28 | |
Retail Natural Gas Segment | | | | | | | | | | | | | | | | |
Total Revenues | | $ | 16,057 | | | $ | 10,620 | | | $ | 56,074 | | | $ | 45,010 | |
Retail Cost of Revenues | | | 11,586 | | | | 4,973 | | | | 34,133 | | | | 19,617 | |
Less: Net gain (loss) on non-trading derivatives, net of cash settlements | | | (2,510 | ) | | | 858 | | | | 3,391 | | | | 1,206 | |
Retail Gross Margin (1) - Gas | | $ | 6,981 | | | $ | 4,789 | | | $ | 18,550 | | | $ | 24,187 | |
Volumes - Gas (MMBtus) | | | 1,943,494 | | | | 1,268,051 | | | | 6,600,612 | | | | 5,097,525 | |
Retail Gross Margin (2) - Gas per MMBtu | | $ | 3.59 | | | $ | 3.78 | | | $ | 2.81 | | | $ | 4.75 | |
(1) Reflects the Retail Gross Margin attributable to our Retail Electricity Segment or Retail Natural Gas Segment, as applicable. Retail Gross Margin is a non-GAAP financial measure. See "Non-GAAP Performance Measures" for a reconciliation of Retail Gross Margin to its most directly comparable financial measures presented in accordance with GAAP.
(2) Reflects the Retail Gross Margin for the Retail Electricity Segment or Retail Natural Gas Segment, as applicable, divided by the total volumes in MWh or MMBtu, respectively.
(3) Excludes volumes (8,402 MWhs) related to Winter Storm Uri impact for the six months ended June, 30, 2021.
(4) Retail Gross Margin - Electricity per MWh excludes Winter Storm Uri impact for the six months ended June 30, 2021.
Reconciliation of GAAP to Non-GAAP Measures
Adjusted EBITDA
We define "Adjusted EBITDA" as EBITDA less (i) customer acquisition costs incurred in the current period, plus or minus (ii) net (loss) gain on derivative instruments, and (iii) net current period cash settlements on derivative instruments, plus (iv) non-cash compensation expense, and (v) other non-cash and non-recurring operating items. EBITDA is defined as net income (loss) before the provision for income taxes, interest expense and depreciation and amortization. This conforms to the calculation of Adjusted EBITDA in our Senior Credit Facility.
We deduct all current period customer acquisition costs (representing spending for organic customer acquisitions) in the Adjusted EBITDA calculation because such costs reflect a cash outlay in the period in which they are incurred, even though we capitalize and amortize such costs over two years. We do not deduct the cost of customer acquisitions through acquisitions of businesses or portfolios of customers in calculating Adjusted EBITDA.
We deduct our net gains (losses) on derivative instruments, excluding current period cash settlements, from the Adjusted EBITDA calculation in order to remove the non-cash impact of net gains and losses on these instruments. We also deduct non-cash compensation expense that results from the issuance of restricted stock units under our long-term incentive plan due to the non-cash nature of the expense.
We adjust from time to time other non-cash or unusual and/or infrequent charges due to either their non-cash nature or their infrequency. We have historically included the financial impact of weather variability in the calculation of Adjusted EBITDA. We will continue this historical approach, but during the first quarter of 2021 we incurred a net pre-tax financial loss of $64.9 million due to Winter Storm Uri. This loss was incurred due to uncharacteristic extended sub-freezing temperatures across Texas combined with the impact of the pricing caps ordered by ERCOT. We believe this event is unusual, infrequent, and non-recurring in nature.
As our Senior Credit Facility is considered a material agreement and Adjusted EBITDA is a key component of our material covenants, we consider our covenant compliance to be material to the understanding of our financial condition and/or liquidity. Our lenders under our Senior Credit Facility allowed $60.0 million of the $64.9 million pre-tax storm loss incurred in the first quarter of 2021 to be added back as a non-recurring item in the calculation of Adjusted EBITDA for our Debt Covenant Calculations. We received a $0.4 million credit from ERCOT for winter storm related losses during the third quarter of 2021, resulting in a net pre-tax storm loss of $64.4 million for the year ended December 31, 2021. In June 2022, we received $9.6 million from ERCOT related to PURA Subchapter N Securitization financing. For consistent presentation of the financial impact of Winter Storm Uri, $5.2 million of the $9.6 million is reflected as non-recurring items reducing Adjusted EBITDA for the three and six months ended June 30, 2022.
We believe that the presentation of Adjusted EBITDA provides information useful to investors in assessing our performance and results of operations and that Adjusted EBITDA is also useful for an understanding of our financial condition and/or liquidity due to its use in covenants in our Senior Credit Facility. Adjusted EBITDA is a supplemental financial measure that management and external users of our consolidated financial statements, such as industry analysts, investors, commercial banks and rating agencies, use to assess the following:
- our operating performance as compared to other publicly traded companies in the retail energy industry, without regard to financing methods, capital structure, historical cost basis and specific items not reflective of ongoing operations;
- the ability of our assets to generate earnings sufficient to support our proposed cash dividends;
- our ability to fund capital expenditures (including customer acquisition costs) and incur and service debt; and
- our compliance with financial debt covenants in our Senior Credit Facility.
Retail Gross Margin
We define retail gross margin as gross profit less (i) net asset optimization revenues (expenses), (ii) net gains (losses) on non-trading derivative instruments, (iii) net current period cash settlements on non-trading derivative instruments and (iv) gains (losses) from non-recurring events (including non-recurring market volatility). Retail gross margin is included as a supplemental disclosure because it is a primary performance measure used by our management to determine the performance of our retail natural gas and electricity segments as a result of recurring operations. As an indicator of our retail energy business's operating performance, retail gross margin should not be considered an alternative to, or more meaningful than, gross profit, its most directly comparable financial measure calculated and presented in accordance with GAAP.
We believe retail gross margin provides information useful to investors as an indicator of our retail energy business's operating performance.
We have historically included the financial impact of weather variability in the calculation of Retail Gross Margin. We will continue this historical approach, but during the first quarter of 2021 we added back the $64.9 million financial loss incurred related to Winter Storm Uri, as described above, in the calculation of Retail Gross Margin because the extremity of the Texas storm combined with the impact of unprecedented pricing mechanisms ordered by ERCOT is considered unusual, infrequent, and non-recurring in nature. In June 2022, we received $9.6 million from ERCOT related to PURA Subchapter N Securitization financing. The $9.6 million is reflected as a non-recurring item reducing Retail Gross Margin for the three and six months ended June 30, 2022 for consistent presentation of the financial impacts of Winter Storm Uri.
The GAAP measures most directly comparable to Adjusted EBITDA are net income (loss) and net cash provided by operating activities. The GAAP measure most directly comparable to Retail Gross Margin is gross profit. Our non-GAAP financial measures of Adjusted EBITDA and Retail Gross Margin should not be considered as alternatives to net income (loss), net cash provided by operating activities, or gross profit. Adjusted EBITDA and Retail Gross Margin are not presentations made in accordance with GAAP and have limitations as analytical tools. You should not consider Adjusted EBITDA or Retail Gross Margin in isolation or as a substitute for analysis of our results as reported under GAAP. Because Adjusted EBITDA and Retail Gross Margin exclude some, but not all, items that affect net income (loss), net cash provided by operating activities, and gross profit, and are defined differently by different companies in our industry, our definition of Adjusted EBITDA and Retail Gross Margin may not be comparable to similarly titled measures of other companies.
Management compensates for the limitations of Adjusted EBITDA and Retail Gross Margin as analytical tools by reviewing the comparable GAAP measures, understanding the differences between the measures and incorporating these data points into management's decision-making process.
The following tables present a reconciliation of Adjusted EBITDA to net income (loss) and net cash provided (used in) operating activities for each of the periods indicated.
Reconciliation of Adjusted EBITDA to net income (loss): | | | | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, | |
(in thousands) | | 2022 | | 2021 | | 2022 | | 2021 | |
Net income (loss) | | $ | 12,534 | | $ | 24,796 | | $ | 43,560 | | $ | (2,764 | ) |
Depreciation and amortization | | | 4,936 | | | 5,413 | | | 10,120 | | | 11,449 | |
Interest expense | | | 1,820 | | | 1,552 | | | 3,127 | | | 2,863 | |
Income tax expense | | | 2,730 | | | 3,674 | | | 8,774 | | | 2,139 | |
EBITDA | | | 22,020 | | | 35,435 | | | 65,581 | | | 13,687 | |
Less: | | | | | | | | | | | | | |
Net, gain on derivative instruments | | | 12,397 | | | 18,904 | | | 57,460 | | | 25,928 | |
Net cash settlements on derivative instruments | | | (8,708 | ) | | 795 | | | (21,844 | ) | | (390 | ) |
Customer acquisition costs | | | 1,394 | | | 243 | | | 2,590 | | | 456 | |
Plus: | | | | | | | | | | | | | |
Non-cash compensation expense | | | 1,571 | | | 1,104 | | | 1,922 | | | 1,571 | |
Non-recurring event - Winter Storm Uri | | | (5,162 | ) | | - | | | (5,162 | ) | | 60,000 | |
Non-recurring legal settlement | | | - | | | (2,225 | ) | | - | | | (2,225 | ) |
Adjusted EBITDA | | $ | 13,346 | | $ | 14,372 | | $ | 24,135 | | $ | 47,039 | |
Reconciliation of Adjusted EBITDA to net cash provided by operating activities:
| Three Months Ended June 30, | | Six Months Ended June 30, | |
(in thousands) | | 2022 | | 2021 | | 2022 | | 2021 | |
Net cash provided by operating activities | | $ | 8,361 | | $ | 32,800 | | $ | 12,944 | | $ | 9,168 | |
Amortization of deferred financing costs | | | (468 | ) | | (258 | ) | | (713 | ) | | (517 | ) |
Bad debt expense | | | (809 | ) | | (134 | ) | | (1,833 | ) | | 113 | |
Interest expense | | | 1,820 | | | 1,552 | | | 3,127 | | | 2,863 | |
Income tax expense | | | 2,730 | | | 3,674 | | | 8,774 | | | 2,139 | |
Non-recurring event - Winter Storm Uri | | | (5,162 | ) | | - | | | (5,162 | ) | | 60,000 | |
Non-recurring legal settlement | | | - | | | (2,225 | ) | | - | | | (2,225 | ) |
Changes in operating working capital | | | | | | | | | | | | | |
Accounts receivable, prepaids, current assets | | | (9,928 | ) | | (20,058 | ) | | (9,373 | ) | | (31,761 | ) |
Inventory | | | 2,283 | | | 965 | | | 409 | | | (400 | ) |
Accounts payable and accrued liabilities | | | 15,221 | | | 8,059 | | | 20,798 | | | 12,857 | |
Other | | | (702 | ) | | (10,003 | ) | | (4,836 | ) | | (5,198 | ) |
Adjusted EBITDA | | $ | 13,346 | | $ | 14,372 | | $ | 24,135 | | $ | 47,039 | |
Cash Flow Data: | | | | | | | | | | | | | |
Net cash provided by operating activities | | $ | 8,361 | | $ | 32,800 | | $ | 12,944 | | $ | 9,168 | |
Net cash used in investing activities | | $ | (1,562 | ) | $ | (543 | ) | $ | (5,160 | ) | $ | (1,063 | ) |
Net cash (used in) provided by financing activities | | $ | (15,056 | ) | $ | (9,208 | ) | $ | (37,581 | ) | $ | 24,751 | |
The following table presents a reconciliation of Retail Gross Margin to gross profit for each of the periods indicated.
Reconciliation of Retail Gross Margin to Gross Profit | |
| |
| |
| |
| |
| Three Months Ended June 30, | | Six Months Ended June 30, | |
(in thousands) | | 2022 | | 2021 | | 2022 | | 2021 | |
Total Revenue | | $ | 97,099 | | $ | 82,195 | | $ | 224,253 | | $ | 195,200 | |
Less: | | | | | | | | | | | | | |
Retail cost of revenues | | | 61,702 | | | 36,176 | | | 130,409 | | | 158,344 | |
Gross Profit | | | 35,397 | | | 46,019 | | | 93,844 | | | 36,856 | |
Less: | | | | | | | | | | | | | |
Net asset optimization (expense) | | | (1,248 | ) | | (114 | ) | | (2,152 | ) | | (254 | ) |
Gain on non-trading derivative instruments | | | 12,067 | | | 18,898 | | | 55,983 | | | 25,952 | |
Cash settlements on non-trading derivative instruments | | | (8,679 | ) | | 795 | | | (21,999 | ) | | (394 | ) |
Non-recurring event - Winter Storm Uri | | | 9,565 | | | - | | | 9,565 | | | (64,900 | ) |
Retail Gross Margin | | $ | 23,692 | | $ | 26,440 | | $ | 52,447 | | $ | 76,452 | |
Retail Gross Margin - Retail Electricity Segment (1)(2) | | $ | 16,711 | | $ | 21,651 | | $ | 33,897 | | $ | 52,265 | |
Retail Gross Margin - Retail Natural Gas Segment | | $ | 6,981 | | $ | 4,789 | | $ | 18,550 | | $ | 24,187 | |
SOURCE: Via Renewables, Inc.
View source version on accesswire.com:
テキサス州ヒューストン/ACCESSWIRE/2022年8月3日/威盛再生可能エネルギー会社(以下、威盛再生可能エネルギーまたは会社)(ナスダック株式コード:VIA)は独立したエネルギー小売サービス会社であり、今日2022年6月30日までの四半期財務業績を発表した。
主なハイライト
- 第2四半期の純収入は1,250万ドル,調整後EBITDAは1,330万ドルであった
- 第2四半期は3540万ドルと小売毛金利2370万ドルを実現
- 2022年6月30日までのRCE総数は368,000
- 平均月流出率は3.1%であり,2021年第2四半期は3.3%であった
- 2022年6月30日現在の総流動資金は7110万ドル
威盛再生は、2022年6月30日に既存の手配の代わりに、新たな1.95億ドルの信用手配を締結したことを喜んで発表した。新施設はより高い運営柔軟性と競争力のある長期資本構造を創出した。2022年第2四半期、私たちの顧客獲得支出は2021年第2四半期より大幅に増加しました。私たちは私たちの電話マーケティング目標を達成しながら、私たちのD 2 Dチャンネルを拡大し続けてきた。2021年第2四半期と比較して、市場価格の上昇にもかかわらず、売上高が増加したにもかかわらず、従業員流出率はやや低下した。公共事業会社と小売り供給者が上昇するエネルギーコストに追いつくために料率を上げることに伴い、顧客は買い物価格がより困難になっていることを発見した。ケス·マクスウェルは再生可能エネルギー会社の総裁と最高経営責任者を通じて言った。
2022年第2四半期の財務業績の概要
2022年6月30日までの四半期純収益は1250万ドルだったが、2021年6月30日までの四半期純収益は2480万ドルだった。前年と比較して、この低下は私たちのヘッジ取引の市価ベースの減少により、一部が所得税費用、減価償却、償却費用の減少によって相殺されたことが大きい。
威盛再生可能エネルギー報告書の調整後EBITDAは2022年6月30日までの四半期で1330万ドルであったのに対し,2021年6月30日までの四半期調整後EBITDAは1440万ドルであった。調整後EBITDA環比が低下したのは,大口商品価格の上昇,CAC支出の増加およびG&A支出の増加による電力と天然ガス単位利益率の低下によるものである。これは440万ドルの非日常的Addbackによって相殺され,これはERCOTから冬季嵐URIに関する960万ドルを獲得した結果である.また520万ドルの福祉は2021年第1四半期に得られた。
威盛再生可能エネルギーが発表した毛利益は2022年6月30日までの四半期で3540万ドルだったが、2021年6月30日現在の四半期毛利益は4600万ドルだった。前年と比較して,この低下は主に我々のヘッジが時価で減少し,EERCOTが受信した冬季嵐URIに関する960万ドルによって部分的に相殺されたためである。また、収入は2022年第2四半期に増加したが、2021年第2四半期に比べて、大口商品価格が急速に上昇したため、収入コストが上昇し、この増加を相殺した。
2022年6月30日までの四半期に、威盛再生可能エネルギー報告の小売毛金利は2370万ドルだったが、2021年6月30日までの四半期の小売毛金利は2640万ドルだった。商品価格の上昇は低下の駆動要因であり、天然ガス生産量の増加分はこの低下を相殺している。
流動性と資本資源
(千ドル) | | 2022年6月30日 |
現金と現金等価物 | | $ | 43,196 |
高度な信用手配の可用性(1) | | | 22,914 |
二次債務ツールの可用性(2) | | | 5,000 |
総流動資金 | | $ | 71,110 |
(1)2022年6月30日までに既存契約により発行可能な信用状金額を反映している.
(2)付属施設の可用性は,我々の創始者の適宜決定権に依存する。
配当をする
2022年7月20日、威盛再生可能エネルギー会社の取締役会は、A類普通株の四半期配当金を1株当たり0.18125ドルとし、2022年9月15日に2022年9月1日に登録された保有者に支払い、Aシリーズ優先株の四半期配当金を2022年10月17日に2022年10月3日に登録された保有者に支払うと発表した。
業務展望
マクスウェルは、“私たちの重点は、記録的な需要と変動する大口商品価格を含む、今日の激動した市場環境の下で私たちの帳簿と運営を最適化することです。成長を推進するために、私たちの有機販売ルートや新製品供給を拡大し続けるとともに、潜在的な買収を積極的に求めて、私たちの顧客の組み合わせを補完していきたいと思います”とまとめた
電話会議とインターネット放送
威盛は2022年8月4日(木)に米国中部時間午前10:00(東部時間午前11:00)に電話会議を開催し、2022年第2四半期の業績を検討する。
Via Renewables投資家関係サイトのイベントページから電話会議のライブ配信を見ることができ,ネットワーク中継のアーカイブ再放送はライブプレゼンテーション終了後12カ月以内に放送される.
威盛再生可能エネルギー会社の概要
威盛再生可能エネルギー会社は独立した小売エネルギーサービス会社であり、1999年に設立され、米国の競争の激しい市場の住宅と商業顧客に天然ガスと電力の代替選択を提供する。威盛再生可能エネルギー会社の本社はテキサス州ヒューストンに位置し、現在19州とコロンビア特区の102の公共サービス地域で業務を展開している。威盛再生可能エネルギーは、安定かつ予測可能なエネルギーコストとグリーン製品代替案を含む多くの製品とサービス選択を顧客に提供する。
我々は,重要な非公開情報を開示する手段として我々のサイトを用い,FD法規下での開示義務を遵守している.投資家は、新しい資料、ニュース原稿、最新の投資家紹介、およびアメリカ証券取引委員会に提出された財務および他の文書を含めて、Via Renewables投資家関係サイトに発表され、私たちは投資家に定期的に私たちのサイトに注目して、同社に関する情報と最新の状況を得るように促すべきである。
前向き陳述に関する注意事項
本財務報告には、多くのリスクと不確実性の影響を受ける展望的な陳述が含まれており、その中の多くのリスクと不確実性は私たちがコントロールできない。これらの前向き表現は、改正された1933年証券法第27 A条(“証券法”)および改正された1934年証券取引法第21 E条(“取引法”)の意味に適合しており、前向き用語を用いることによって識別することができ、これらの前向き用語は、“可能”、“すべき”、“可能”、“将”、“信じる”、“予想”、“予想”、“推定”、“継続”、“計画”、“計画”、“予定”を含む。“プロジェクト、”または他の類似した言葉。歴史的事実に関する陳述を除いて、本収益新聞稿に含まれるすべての陳述は前向き陳述である。展望性表現は新冠肺炎と2021年の悪天候事件の影響、キャッシュフローの発生と流動性、業務戦略、成長と買収の見通し、法律訴訟の結果、私たちのA類普通株とAシリーズ優先株の支払い能力と現金配当及び分配金額、未来運営、財務状況、予想収入と損失、予想コスト、見通し、計画、目標、管理層の信念、獲得性と資本条項、競争、政府監督と全体の経済状況に関する表現を含む。私たちはこのような展望的陳述に反映された予想が合理的だと思うにもかかわらず、私たちはこのような予想が正しいことが証明されることを保証できない。
この財務報告書の展望的な陳述はリスクと不確実性の影響を受けるだろう。実際の結果が前向き陳述において予測された結果と大きく異なることをもたらす可能性のある重要な要素は、これらに限定されない
- 新冠肺炎に関連する絶えず変化するリスク、不確定性と影響、地理伝播、疾病の重症度、新冠肺炎疫病の範囲と持続時間、政府当局が取る可能性のある新冠肺炎疫病の抑制或いはその影響に対応すべき行動、及び新冠肺炎が経済と金融市場に持続的にマイナス影響を与える可能性を含む
- 2021年の悪天候イベントの最終的な影響は、ERCOT市場証券化努力に関連する将来の収益またはコスト、およびテキサス州、ERCOT、テキサス州鉄道委員会、またはテキサス州公共事業委員会の任意の修正行動を含む
- 商品価格、私たちが得た利益、金利の変化
- リスク管理とヘッジ政策と接近の十分性
- ハリケーンや他の自然災害など、極端で予測不可能な気象条件の影響
- 業界が公共事業委員会によって公布される可能性のある限定的な新しい法規を処理または適応する能力を含む連邦、州、および地方法規
- 資金を借り入れ信用市場に参入する能力は
- 私たちの債務協定と担保要求の制限
- 供給者や顧客に関する信用リスク
- 顧客の能力と実際の流出率を取得しました
- 顧客獲得コストの変化
- 課金システムの正確性
- 私たちは買収を認識し、達成し、買収を効率的に運営に統合することができます
- 私たちが経営している地域の独立したシステム事業者(“ISO”)の大きな変化や新しい変化
- 競争すること
- 我々は,2021年12月31日までのForm 10−K年度報告における“リスク要因”,その他の公開文書とプレスリリースを行っている。
あなたはこの財務報告で言及されたリスク要素と他の要素を検討すべきであり、これらの要素は私たちの実際の結果が任意の展望的陳述に含まれている結果と大きく異なることを招くかもしれない。すべての前向き陳述は、本決算発表日までの状況のみを説明する。法的要求がない限り、私たちは新しい情報、未来のイベント、または他の理由でこれらの宣言を公開的に更新または修正する義務を負いません。すべてのリスクを予測することは不可能であり、すべての要素が業務に与える影響を評価することもできないし、任意の要素または要素の組み合わせは、実際の結果が任意の前向き陳述に含まれる結果と大きく異なる程度をもたらす可能性がある。
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再生可能エネルギー会社を通じて
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(単位は千、1株当たりのデータは除く)
(未監査)
| 6月30日までの3ヶ月間 | | | 6月30日までの6ヶ月間 | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
収入: | | | | | | | | | | | | |
小売収入 | | $ | 98,347 | | | $ | 82,309 | | | $ | 226,405 | | | $ | 195,454 | |
純資産最適化 | | | (1,248 | ) | | | (114 | ) | | | (2,152 | ) | | | (254 | ) |
総収入 | | | 97,099 | | | | 82,195 | | | | 224,253 | | | | 195,200 | |
運営費用: | | | | | | | | | | | | | | | | |
小売収入コスト | | | 61,702 | | | | 36,176 | | | | 130,409 | | | | 158,344 | |
一般と行政 | | | 13,583 | | | | 10,663 | | | | 28,518 | | | | 23,334 | |
減価償却および償却 | | | 4,936 | | | | 5,413 | | | | 10,120 | | | | 11,449 | |
総運営費 | | | 80,221 | | | | 52,252 | | | | 169,047 | | | | 193,127 | |
営業収入 | | | 16,878 | | | | 29,943 | | | | 55,206 | | | | 2,073 | |
その他(費用)/収入: | | | | | | | | | | | | | | | | |
利子支出 | | | (1,820 | ) | | | (1,552 | ) | | | (3,127 | ) | | | (2,863 | ) |
利子とその他の収入 | | | 206 | | | | 79 | | | | 255 | | | | 165 | |
その他費用合計 | | | (1,614 | ) | | | (1,473 | ) | | | (2,872 | ) | | | (2,698 | ) |
所得税費用前収益 | | | 15,264 | | | | 28,470 | | | | 52,334 | | | | (625 | ) |
所得税費用 | | | 2,730 | | | | 3,674 | | | | 8,774 | | | | 2,139 | |
純収益(赤字) | | $ | 12,534 | | | $ | 24,796 | | | $ | 43,560 | | | $ | (2,764 | ) |
差し引く:非持株権益による純収益(損失) | | | 7,916 | | | | 14,313 | | | | 25,968 | | | | (5,616 | ) |
威盛再生可能エネルギー会社株主の純収入 | | $ | 4,618 | | | $ | 10,483 | | | $ | 17,592 | | | $ | 2,852 | |
差し引く:Aシリーズ優先株の配当 | | | 1,700 | | | | 1,951 | | | | 3,651 | | | | 3,902 | |
A類普通株株主は純収益(損失)を占めなければならない | | $ | 2,918 | | | $ | 8,532 | | | $ | 13,941 | | | $ | (1,050 | ) |
威盛再生可能エネルギー会社のA類普通株1株当たりの純収益(損失) | | | | | | | | | | | | | | | | |
基本的な情報 | | $ | 0.19 | | | $ | 0.58 | | | $ | 0.89 | | | $ | (0.07 | ) |
薄めにする | | $ | 0.18 | | | $ | 0.58 | | | $ | 0.88 | | | $ | (0.07 | ) |
クラスA発行済み普通株式加重平均株式 | | | | | | | | | | | | | | | | |
基本的な情報 | | | 15,745 | | | | 14,685 | | | | 15,701 | | | | 14,656 | |
薄めにする | | | 15,776 | | | | 14,821 | | | | 15,793 | | | | 14,767 | |
選定された貸借対照表データ | | |
(単位:千) | 2022年6月30日 | 2021年12月31日 |
現金と現金等価物 | | 43,196 | | 68,899 |
運営資本 | | 141,784 | | 114,188 |
総資産 | | 348,817 | | 355,276 |
債務総額 | | 115,000 | | 135,000 |
総負債 | | 183,149 | | 217,637 |
株主権益総額 | | 63,366 | | 53,352 |
選定されたキャッシュフローデータ | | | | | |
| 6月30日までの6ヶ月間 | |
(単位:千) | | 2022 | | 2021 | |
経営活動が提供する現金純額 | | $ | 12,944 | | $ | 9,168 | |
投資活動のための現金純額 | | $ | (5,160 | ) | $ | (1,063 | ) |
融資活動が提供する現金純額 | | $ | (37,581 | ) | $ | 24,751 | |
細分化市場を運営した結果 | | | | | | | | | | | | |
(単位は千で、数量や単位実行データは含まれていません) | | 6月30日までの3ヶ月間 | | | 6月30日までの6ヶ月間 | |
| 2022 | | | 2021 | | | 2022 | | | 2021 | |
小売電力細分化市場 | | | | | | | | | | | | |
総収入 | | $ | 82,290 | | | $ | 71,689 | | | $ | 170,331 | | | $ | 150,444 | |
小売収入コスト | | | 50,116 | | | | 31,203 | | | | 96,276 | | | | 138,727 | |
差し引く:現金決済後の非取引デリバティブ純収益 | | | 5,898 | | | | 18,835 | | | | 30,593 | | | | 24,352 | |
非再現性イベント−冬の嵐URI | | | 9,565 | | | | - | | | | 9,565 | | | | (64,900 | ) |
小売利回り (1)-電気だ | | $ | 16,711 | | | $ | 21,651 | | | $ | 33,897 | | | $ | 52,265 | |
音量-電力量(メガワット)(3) | | | 603,497 | | | | 614,000 | | | | 1,288,649 | | | | 1,236,127 | |
小売利回り(2) (4) -1メガワットあたりの電力使用量 | | $ | 27.69 | | | $ | 35.26 | | | $ | 26.30 | | | $ | 42.28 | |
天然ガス小売細分化市場 | | | | | | | | | | | | | | | | |
総収入 | | $ | 16,057 | | | $ | 10,620 | | | $ | 56,074 | | | $ | 45,010 | |
小売収入コスト | | | 11,586 | | | | 4,973 | | | | 34,133 | | | | 19,617 | |
差し引く:非取引デリバティブの純収益(損失)、現金を差し引いた決済 | | | (2,510 | ) | | | 858 | | | | 3,391 | | | | 1,206 | |
小売利回り(1) -天然ガス | | $ | 6,981 | | | $ | 4,789 | | | $ | 18,550 | | | $ | 24,187 | |
体積-ガス(MMBtus) | | | 1,943,494 | | | | 1,268,051 | | | | 6,600,612 | | | | 5,097,525 | |
小売利回り(2) -MMBtuガスあたり | | $ | 3.59 | | | $ | 3.78 | | | $ | 2.81 | | | $ | 4.75 | |
(1)我々の小売電力分部または小売天然ガス分部(適用に応じて)を反映した小売毛利。小売毛金利は非公認会計基準の財務指標である。小売毛利とそれが公認会計原則に基づいて列報した最も直接比較可能な財務指標の入金については、“非公認会計原則業績測定基準”を参照してください。
(2)小売電力分部または小売天然ガス分部(いずれに適用されるかに応じて)を反映した小売毛利を、それぞれメガワット時またはMMBtu単位の総容量で割る。
(3)2021年6月30日までの6ヶ月間、冬の嵐URI影響に関連する容量(8,402メガワット)は含まれていない
(4)小売毛金利-2021年6月30日までの6ヶ月間、1メガワットあたりの電力には冬の嵐URIの影響は含まれていません。
GAAPと非GAAP指標の入金
調整後EBITDA
“調整後EBITDA”を,EBITDAから(I)当期に生じる顧客獲得コストを減算し,(Ii)派生ツールの純(損失)収益を加算または減算,(Iii)デリバティブの当期現金決済純額,(Iv)非現金補償費用,および(V)他の非現金と非日常経営項目と定義する。EBITDAは,所得税,利息支出,減価償却および償却準備前の純収益(赤字)を差し引くと定義されている。これは我々の高度な信用手配における調整後のEBITDAの計算と一致する。
我々は,このようなコストを資本化して2年以内に償却しても,発生期間中の現金支出を反映しているため,調整後のEBITDA計算では今期の顧客獲得コスト(有機顧客獲得に代表される支出)をすべて差し引いた。調整後EBITDAを計算する際には,業務や顧客ポートフォリオを買収することで顧客を得るコストは差し引かない。
調整後のEBITDA計算から派生ツールの純収益(損失)を差し引き,今期の現金決済を含まず,純収益と純損失がこれらのツールの非現金に及ぼす影響を除去した。費用の非現金性のため、長期インセンティブ計画の下で制限株式単位を発行することによる非現金補償費用も差し引かれました。
非現金的または一般的ではないので、他の非現金または異常および/または一般的ではない料金を時々調整します。我々は従来,天気変化の財務影響を調整後EBITDAの計算に計上してきた。このような歴史的な方法を続けますが、2021年第1四半期に、冬の嵐のURIのため、6490万ドルの税引前純財務損失が発生しました。この損失は,テキサス州の並外れたゼロ度以下の持続気温およびERCOT注文の定価上限の影響によるものである。この事件は尋常ではなく,まれであり,性質的には二度と起こらないと考えられる.
私たちの高級信用手配は重大な合意とみなされているため、調整後のEBITDAは私たちの重大な契約の重要な構成部分であり、私たちが契約を遵守することは私たちの財務状況と/あるいは流動性を理解するために重要な意義があると考えられる。私たちの高級信用手配下の貸手は、2021年第1四半期に発生した6490万ドルの税引前嵐損失の6000万ドルを調整後EBITDA計算における非日常的なプロジェクトとして、私たちの債務契約計算に使用することを許可した。2021年第3四半期、私たちはERCOTから40万ドルの冬季嵐関連損失相殺を獲得し、2021年12月31日までの年間税引き前純損失6440万ドルを招いた。2022年6月、私たちはERCOTから960万ドルを受け取り、プラNの証券化融資と関係がある。冬季ストームURIの財務影響を一貫して列記するために,960万ドルのうち520万ドルが非日常的な項目に反映され,2022年6月30日までの3カ月と6カ月の調整後EBITDAが減少した。
調整後EBITDAの列報は、投資家が私たちの業績や経営結果を評価するために有用な情報を提供し、調整後のEBITDAも、私たちの高度な信用手配の契約で使用されるため、私たちの財務状況および/または流動性を理解するのに役立つと信じています。調整後のEBITDAは、業界アナリスト、投資家、商業銀行と格付け機関などの財務報告書の管理層と外部ユーザーを統合し、以下の方面の補充財務指標を評価するためのものである
- 我々の経営業績は、小売エネルギー業界の他の上場企業と比較して、融資方式、資本構造、歴史的コスト基礎、持続的な運営を反映できない具体的な項目を考慮していない
- 私たちの資産が生み出す収益は私たちが提案した現金配当金の能力を支持するのに十分だ
- 私たちは資本支出(顧客獲得コストを含む)と債務の発生と返済に資金を提供する能力;
- 私たちは私たちの高度な信用手配で金融債務契約を遵守する。
小売利回り
小売毛利を,毛利から(I)純資産最適化収入(支出),(Ii)非取引由来ツールの純収益(損失),(Iii)非取引デリバティブの当期現金決済純額および(Iv)非日常的事象(非日常的市場変動を含む)の収益(損失)と定義する。小売毛利は補充開示として含まれています。私たちの経営陣が私たちの小売天然ガスと電力部門が日常的な運営によって表現している主要な業績指標を決定するために使われているからです。私たちの小売エネルギー業務の経営業績の指標として、小売毛利率は毛利益の代替指標と見なすべきではなく、毛利益よりもっと意義のある指標と見なすべきではなく、毛利益は公認会計基準に基づいて計算と公表された最も直接比較可能な財務指標である。
私たちは、小売毛金利は投資家に有用な情報を提供し、私たちの小売エネルギー業務の経営業績の指標となると信じている。
私たちは従来、天気変化が財務に与える影響を小売毛利の計算に計上してきた。このような歴史的方法を続けますが、2021年第1四半期に、小売毛金利の計算に冬の嵐URIに関連する6490万ドルの財務損失を計上しましたが、上述したように、テキサス嵐の極端さに加え、ERCOT注文の前例のない価格設定メカニズムの影響により、尋常ではなく、まれで非重複であると考えられています。2022年6月、私たちはERCOTから960万ドルを受け取り、プラNの証券化融資と関係がある。この960万ドルは非日常的なプロジェクトに反映され、2022年6月30日までの3ヶ月と6ヶ月の小売毛金利を減少させ、冬の嵐URIの財務影響を一致的に報告する。
調整後のEBITDAと最も直接的に比較できるのは,経営活動が提供する純収益(損失)と純現金である。小売毛利金利と最も直接比較可能なGAAP指標は毛利である。我々の調整後EBITDAと小売毛金利の非GAAP財務指標は純収益(損失)、経営活動が提供する純現金或いは毛利益の代替案と見なすべきではない。調整後のEBITDAと小売毛金利は公認会計基準に基づいた列報ではなく、分析ツールとして限界がある。調整後のEBITDAや小売毛金利を孤立的に考慮したり、GAAP報告による私たちの業績分析の代替としたりするべきではありません。調整後EBITDAと小売毛利はいくつか(すべてではない)が含まれていないため、純収益(損失)、経営活動が提供する現金純額と毛利の項目に影響し、また調整後EBITDAと小売毛利の定義は業界内の会社によって異なり、調整後EBITDAと小売毛利の定義は他社の類似名称測定基準と比較できない可能性がある。
管理層は比較可能なGAAP測定標準を審査することを通じて、測定基準間の差異を理解し、そしてこれらのデータ点を管理層の意思決定過程に組み入れ、調整後のEBITDAと小売毛利率の分析ツールとしての局限性を補った。
下表に調整後のEBITDAと示した期間ごとの純収益(損失)と経営活動を提供した純現金との台帳を示す。
調整後EBITDAと純収入(損失)の入金: | | | | | | | | | |
| 6月30日までの3ヶ月間 | | 6月30日までの6ヶ月間 | |
(単位:千) | | 2022 | | 2021 | | 2022 | | 2021 | |
純収益(赤字) | | $ | 12,534 | | $ | 24,796 | | $ | 43,560 | | $ | (2,764 | ) |
減価償却および償却 | | | 4,936 | | | 5,413 | | | 10,120 | | | 11,449 | |
利子支出 | | | 1,820 | | | 1,552 | | | 3,127 | | | 2,863 | |
所得税費用 | | | 2,730 | | | 3,674 | | | 8,774 | | | 2,139 | |
EBITDA | | | 22,020 | | | 35,435 | | | 65,581 | | | 13,687 | |
もっと少ない: | | | | | | | | | | | | | |
純額、派生ツール収益 | | | 12,397 | | | 18,904 | | | 57,460 | | | 25,928 | |
派生ツール現金純決済額 | | | (8,708 | ) | | 795 | | | (21,844 | ) | | (390 | ) |
顧客獲得コスト | | | 1,394 | | | 243 | | | 2,590 | | | 456 | |
また: | | | | | | | | | | | | | |
非現金補償費用 | | | 1,571 | | | 1,104 | | | 1,922 | | | 1,571 | |
非再現性イベント−冬の嵐URI | | | (5,162 | ) | | - | | | (5,162 | ) | | 60,000 | |
非日常性法和解 | | | - | | | (2,225 | ) | | - | | | (2,225 | ) |
調整後EBITDA | | $ | 13,346 | | $ | 14,372 | | $ | 24,135 | | $ | 47,039 | |
調整後EBITDAと経営活動が提供する現金純額の入金:
| 6月30日までの3ヶ月間 | | 6月30日までの6ヶ月間 | |
(単位:千) | | 2022 | | 2021 | | 2022 | | 2021 | |
経営活動が提供する現金純額 | | $ | 8,361 | | $ | 32,800 | | $ | 12,944 | | $ | 9,168 | |
繰延融資コストの償却 | | | (468 | ) | | (258 | ) | | (713 | ) | | (517 | ) |
不良支出 | | | (809 | ) | | (134 | ) | | (1,833 | ) | | 113 | |
利子支出 | | | 1,820 | | | 1,552 | | | 3,127 | | | 2,863 | |
所得税費用 | | | 2,730 | | | 3,674 | | | 8,774 | | | 2,139 | |
非再現性イベント−冬の嵐URI | | | (5,162 | ) | | - | | | (5,162 | ) | | 60,000 | |
非日常性法和解 | | | - | | | (2,225 | ) | | - | | | (2,225 | ) |
運営資金変動状況 | | | | | | | | | | | | | |
売掛金、前払い帳簿、流動資産 | | | (9,928 | ) | | (20,058 | ) | | (9,373 | ) | | (31,761 | ) |
在庫品 | | | 2,283 | | | 965 | | | 409 | | | (400 | ) |
売掛金と売掛金 | | | 15,221 | | | 8,059 | | | 20,798 | | | 12,857 | |
他にも | | | (702 | ) | | (10,003 | ) | | (4,836 | ) | | (5,198 | ) |
調整後EBITDA | | $ | 13,346 | | $ | 14,372 | | $ | 24,135 | | $ | 47,039 | |
キャッシュフローデータ: | | | | | | | | | | | | | |
経営活動が提供する現金純額 | | $ | 8,361 | | $ | 32,800 | | $ | 12,944 | | $ | 9,168 | |
投資活動のための現金純額 | | $ | (1,562 | ) | $ | (543 | ) | $ | (5,160 | ) | $ | (1,063 | ) |
融資活動が提供する現金純額 | | $ | (15,056 | ) | $ | (9,208 | ) | $ | (37,581 | ) | $ | 24,751 | |
次の表に指定期間ごとの小売毛利と毛利の入金状況を示す。
小売り毛利と毛利の掛け合い | |
| |
| |
| |
| |
| 6月30日までの3ヶ月間 | | 6月30日までの6ヶ月間 | |
(単位:千) | | 2022 | | 2021 | | 2022 | | 2021 | |
総収入 | | $ | 97,099 | | $ | 82,195 | | $ | 224,253 | | $ | 195,200 | |
もっと少ない: | | | | | | | | | | | | | |
小売収入コスト | | | 61,702 | | | 36,176 | | | 130,409 | | | 158,344 | |
毛利 | | | 35,397 | | | 46,019 | | | 93,844 | | | 36,856 | |
もっと少ない: | | | | | | | | | | | | | |
純資産最適化 | | | (1,248 | ) | | (114 | ) | | (2,152 | ) | | (254 | ) |
非取引デリバティブの収益 | | | 12,067 | | | 18,898 | | | 55,983 | | | 25,952 | |
非取引デリバティブの現金決済 | | | (8,679 | ) | | 795 | | | (21,999 | ) | | (394 | ) |
非再現性イベント−冬の嵐URI | | | 9,565 | | | - | | | 9,565 | | | (64,900 | ) |
小売利回り | | $ | 23,692 | | $ | 26,440 | | $ | 52,447 | | $ | 76,452 | |
小売毛金利-小売電力部門(1)(2) | | $ | 16,711 | | $ | 21,651 | | $ | 33,897 | | $ | 52,265 | |
小売毛金利-小売天然ガス部門 | | $ | 6,981 | | $ | 4,789 | | $ | 18,550 | | $ | 24,187 | |
資料源:再生可能エネルギー会社を通じて
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