Balance Sheet Acciona, S.A.

Equities

ANA

ES0125220311

Construction & Engineering

Market Closed - BME Other stock markets 19:35:30 06/03/2026 +03			5-day change	1st Jan Change
209.80 ^EUR	-2.87%		-14.99%	+12.86%

03-02	Kepler Cheuvreux Downgrades Acciona to Reduce, Raises PT	MT
02-27	Acciona: FY25: Acciona beats targets on Nordex strength and active deleveraging

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Published financial data: ACCIONA, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	6.47B	8.1B	11.2B	17.02B	19.19B
Other Revenues, Total	789M	563M	1.02B	946M	1.69B
Total Revenues	7.26B	8.67B	12.21B	17.97B	20.88B
Cost of Goods Sold, Total	2.02B	1.87B	3.41B	5.46B	7.06B
Gross Profit	5.24B	6.8B	8.8B	12.5B	13.82B
Selling General & Admin Expenses, Total	1.55B	1.9B	2.22B	3.16B	3.69B
Depreciation & Amortization - (IS)	678M	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	714M	762M	1.1B	1.27B
Other Operating Expenses	2.66B	3.52B	4.66B	7.52B	7.84B
Other Operating Expenses, Total	4.88B	6.13B	7.64B	11.78B	12.8B
Operating Income	354M	668M	1.16B	718M	1.02B
Interest Expense, Total	-256M	-235M	-257M	-511M	-658M
Interest And Investment Income	5.86M	2.34M	1M	2M	3M
Net Interest Expenses	-250M	-232M	-256M	-509M	-655M
Income (Loss) On Equity Invest.	161M	12.83M	-35M	48M	158M
Currency Exchange Gains (Loss)	14.42M	9.9M	8M	-	-58M
Other Non Operating Income (Expenses)	48.35M	49.03M	-23M	181M	164M
EBT, Excl. Unusual Items	328M	508M	854M	438M	628M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	248M	-
Gain (Loss) On Sale Of Assets	87.72M	68.09M	34M	2M	3M
Asset Writedown	92.2M	-842K	16M	-14M	134M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-35M	145M	-
EBT, Incl. Unusual Items	508M	575M	869M	819M	765M
Income Tax Expense	97.39M	171M	254M	198M	156M
Earnings From Continuing Operations	411M	404M	615M	621M	609M
Net Income to Company	411M	404M	615M	621M	609M
Minority Interest	-30.38M	-72.1M	-174M	-80M	-187M
Net Income - (IS)	380M	332M	441M	541M	422M
Net Income to Common Incl Extra Items	380M	332M	441M	541M	422M
Net Income to Common Excl. Extra Items	380M	332M	441M	541M	422M
Per Share Items
Net EPS - Basic	6.97	6.08	8.06	9.89	7.75
Basic EPS - Continuing Operations	6.97	6.08	8.06	9.89	7.75
Basic Weighted Average Shares Outstanding	54.52M	54.63M	54.68M	54.72M	54.48M
Net EPS - Diluted	6.97	6.08	8.06	9.89	7.74
Diluted EPS - Continuing Operations	6.97	6.08	8.06	9.89	7.74
Diluted Weighted Average Shares Outstanding	54.52M	54.63M	54.68M	54.72M	54.48M
Normalized Basic EPS	3.2	4.49	6.58	3.54	3.77
Normalized Diluted EPS	3.2	4.49	6.58	3.54	3.77
Dividend Per Share	3.9	4.11	4.51	4.89	5.28
Payout Ratio	27.77	64.43	51.02	45.66	63.03
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	813M	1.15B	1.64B	1.42B	1.85B
EBITA	416M	730M	1.2B	775M	1.07B
EBIT	354M	668M	1.16B	718M	1.02B
EBITDAR	883M	1.26B	1.78B	1.66B	2.12B
Effective Tax Rate - (Ratio)	19.17	29.68	29.23	24.18	20.39
Total Current Taxes	-	-	235M	307M	345M
Total Deferred Taxes	-	-	19M	-109M	-189M
Normalized Net Income	175M	245M	360M	194M	206M
Interest Capitalized	14.36M	7.3M	16M	76M	137M
Interest on Long-Term Debt	44.36M	35.3M	49M	119M	181M
Non-Cash Pension Expense	86K	76K	2M	400K	1.5M
Supplemental Operating Expense Items
Net Rental Expense, Total	70M	108M	141M	237M	266M
Imputed Operating Lease Interest Expense	20.1M	29.08M	41.43M	118M	142M
Imputed Operating Lease Depreciation	49.9M	78.92M	99.57M	119M	124M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.41B	2.32B	2.36B	3.71B	4.24B
Short Term Investments	88M	210M	292M	589M	340M
Trading Asset Securities, Total	2.3M	2.71M	11M	3M	-
Total Cash And Short Term Investments	2.5B	2.53B	2.66B	4.31B	4.58B
Accounts Receivable, Total	1.75B	2.22B	2.63B	3.79B	3.69B
Other Receivables	654M	593M	845M	806M	1.04B
Total Receivables	2.4B	2.82B	3.47B	4.6B	4.73B
Inventory	1.23B	1.21B	1.39B	3.07B	2.65B
Other Current Assets, Total	738M	678M	667M	1.31B	2.28B
Total Current Assets	6.87B	7.24B	8.19B	13.28B	14.24B
Gross Property Plant And Equipment	13.01B	14.21B	15.02B	18.2B	19.2B
Accumulated Depreciation	-5.85B	-6.35B	-6.85B	-8.32B	-8.46B
Net Property Plant And Equipment	7.16B	7.86B	8.17B	9.88B	10.75B
Long-term Investments	1.42B	1.54B	1.94B	889M	1.08B
Goodwill	230M	249M	249M	1.37B	1.36B
Other Intangibles, Total	388M	458M	566M	1.59B	1.59B
Accounts Receivable Long-Term	374M	414M	376M	415M	535M
Deferred Tax Assets Long-Term	909M	920M	872M	1.42B	1.99B
Other Long-Term Assets, Total	917M	925M	2.23B	2.81B	3.08B
Total Assets	18.27B	19.6B	22.6B	31.65B	34.62B
Liabilities
Accounts Payable, Total	2.92B	3.08B	3.8B	6.86B	5.05B
Accrued Expenses, Total	122M	154M	444M	689M	826M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1.98B	1.93B	1.68B	2.01B	2.82B
Current Portion of Leases	84.8M	83.93M	84M	133M	148M
Current Income Taxes Payable	27.54M	40.72M	74M	87M	148M
Other Current Liabilities	2.21B	1.62B	1.74B	2.49B	5.25B
Total Current Liabilities	7.35B	6.91B	7.82B	12.26B	14.24B
Long-Term Debt	4.91B	4.44B	5.7B	8.03B	8.84B
Long-Term Leases	438M	469M	475M	721M	779M
Unearned Revenue Non Current	153M	122M	121M	201M	282M
Pension & Other Post Retirement Benefits	12M	23M	31M	45M	53M
Deferred Tax Liability Non Current	646M	813M	890M	1.33B	1.53B
Other Non Current Liabilities	985M	1.26B	1.26B	2.21B	2.52B
Total Liabilities	14.5B	14.05B	16.29B	24.8B	28.24B
Common Stock, Total	54.86M	54.86M	55M	55M	55M
Additional Paid In Capital	170M	170M	170M	170M	170M
Retained Earnings	3.71B	4.35B	4.63B	4.93B	5B
Treasury Stock	-22.05M	-18.29M	-17M	-10M	-46M
Comprehensive Income and Other	-507M	-242M	48M	-136M	-372M
Total Common Equity	3.4B	4.31B	4.88B	5.01B	4.81B
Minority Interest	365M	1.25B	1.42B	1.84B	1.56B
Total Equity	3.77B	5.56B	6.3B	6.85B	6.38B
Total Liabilities And Equity	18.27B	19.6B	22.6B	31.65B	34.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.56M	54.65M	54.69M	54.75M	54.43M
ECS Total Common Shares Outstanding	54.56M	54.65M	54.69M	54.75M	54.43M
Book Value / Share	62.4	78.9	89.32	91.49	88.41
Tangible Book Value	2.79B	3.61B	4.07B	2.05B	1.86B
Tangible Book Value Per Share	51.06	65.97	74.42	37.39	34.17
Total Debt	7.41B	6.93B	7.93B	10.9B	12.59B
Net Debt	4.92B	4.4B	5.27B	6.59B	8.01B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.08M	686K	3M	2M	5M
Debt Equivalent Oper. Leases	560M	864M	1.13B	1.9B	2.13B
Minority Interest, Total (Incl. Fin. Div)	365M	1.25B	1.42B	1.84B	1.56B
Equity Method Investments, Total	1.23B	1.32B	1.73B	732M	798M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.03B	1.21B	1.23B	2.1B	2.14B
Inventories - Work In Process, Total	382M	214M	304M	963M	536M
Inventories - Finished Goods, Total	20.2M	21.74M	24M	94M	94M
Inventories - Others	161M	115M	164M	295M	279M
Land - (BS)	325M	414M	549M	886M	927M
Machinery, Total	11.58B	12.76B	13.36B	15.73B	16.6B
Full Time Employees	38.36K	41.66K	45.89K	57.84K	66.02K
Accumulated Allowance for Doubtful Accounts (Supple)	253M	282M	291M	352M	337M
Order Backlog	15.36B	18.1B	22.02B	24.51B	28.56B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	380M	332M	441M	541M	422M
Depreciation & Amortization - CF	495M	524M	579M	813M	980M
Amortization of Goodwill and Intangible Assets - (CF)	61.73M	61.96M	44M	57M	50M
Depreciation & Amortization, Total	557M	586M	623M	870M	1.03B
Amortization of Deferred Charges, Total - (CF)	-	-	28M	72M	99M
Asset Writedown & Restructuring Costs	-2.3M	1.56M	84M	14M	41M
Other Operating Activities, Total	-160M	-6M	337M	-27M	125M
Change in Other Net Operating Assets	193M	-340M	135M	225M	522M
Cash from Operations	968M	573M	1.65B	1.7B	2.24B
Capital Expenditure	-906M	-948M	-2.2B	-2.89B	-2.73B
Sale of Property, Plant, and Equipment	40.27M	82.05M	47M	51M	84M
Cash Acquisitions	-154M	-79.09M	-244M	-165M	-
Divestitures	324M	92.62M	51M	2M	304M
Other Investing Activities, Total	184M	-234M	397M	-202M	-122M
Cash from Investing	-511M	-1.09B	-1.94B	-3.21B	-2.46B
Long-Term Debt Issued, Total	2.28B	4.11B	4.02B	4.43B	5.69B
Total Debt Issued	2.28B	4.11B	4.02B	4.43B	5.69B
Long-Term Debt Repaid, Total	-2.26B	-4.72B	-3.31B	-1.54B	-4.1B
Total Debt Repaid	-2.26B	-4.72B	-3.31B	-1.54B	-4.1B
Issuance of Common Stock	-	-	-	1M	-
Repurchase of Common Stock	-	-1.03M	-1M	-	-46M
Common Dividends Paid	-106M	-214M	-225M	-247M	-266M
Common & Preferred Stock Dividends Paid	-106M	-214M	-225M	-247M	-266M
Other Financing Activities, Total	-68.87M	1.21B	-151M	252M	-523M
Cash from Financing	-157M	384M	338M	2.9B	760M
Foreign Exchange Rate Adjustments	-40.18M	40.65M	-	-36M	-8M
Net Change in Cash	259M	-89.18M	42M	1.35B	526M
Supplemental Items
Cash Interest Paid	223M	206M	209M	485M	598M
Cash Income Tax Paid (Refund)	44.52M	82.02M	215M	329M	211M
Levered Free Cash Flow	311M	-883M	-643M	-1.21B	-607M
Unlevered Free Cash Flow	471M	-737M	-482M	-891M	-196M
Change In Net Working Capital	-599M	792M	-337M	-612M	-769M
Net Debt Issued / Repaid	16.97M	-614M	715M	2.9B	1.6B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.24	2.21	3.44	1.65	1.92
Return on Total Capital	1.97	3.53	5.43	2.81	3.45
Return On Equity %	11.08	8.72	10.37	9.44	9.28
Return on Common Equity	11.14	8.67	9.59	10.94	8.59
Margin Analysis
Gross Profit Margin %	72.15	78.42	72.07	69.58	66.19
SG&A Margin	21.36	21.87	18.16	17.61	17.67
EBITDA Margin %	11.2	13.25	13.46	7.91	8.87
EBITA Margin %	5.73	8.42	9.86	4.31	5.12
EBIT Margin %	4.88	7.71	9.5	4	4.88
Income From Continuing Operations Margin %	5.66	4.66	5.04	3.46	2.92
Net Income Margin %	5.24	3.83	3.61	3.01	2.02
Net Avail. For Common Margin %	5.24	3.83	3.61	3.01	2.02
Normalized Net Income Margin	2.41	2.83	2.95	1.08	0.98
Levered Free Cash Flow Margin	4.29	-10.19	-5.26	-6.74	-2.91
Unlevered Free Cash Flow Margin	6.49	-8.5	-3.95	-4.96	-0.94
Asset Turnover
Asset Turnover	0.41	0.46	0.58	0.66	0.63
Fixed Assets Turnover	1.03	1.15	1.52	1.99	2.02
Receivables Turnover (Average Receivables)	3.68	4.08	4.62	5.3	5.13
Inventory Turnover (Average Inventory)	1.63	1.53	2.63	2.45	2.47
Short Term Liquidity
Current Ratio	0.93	1.05	1.05	1.08	1
Quick Ratio	0.67	0.77	0.78	0.73	0.65
Operating Cash Flow to Current Liabilities	0.13	0.08	0.21	0.14	0.16
Days Sales Outstanding (Average Receivables)	99.4	89.47	79.08	68.86	71.35
Days Outstanding Inventory (Average Inventory)	224.2	238.12	138.89	148.7	148.24
Average Days Payable Outstanding	499.33	592.28	350.4	272.29	270.05
Cash Conversion Cycle (Average Days)	-175.73	-264.69	-132.42	-54.73	-50.47
Long Term Solvency
Total Debt/Equity	196.65	124.69	125.86	159.03	197.49
Total Debt / Total Capital	66.29	55.49	55.72	61.39	66.39
LT Debt/Equity	141.98	88.42	97.87	127.75	150.91
Long-Term Debt / Total Capital	47.86	39.35	43.33	49.32	50.73
Total Liabilities / Total Assets	79.36	71.65	72.1	78.35	81.58
EBIT / Interest Expense	1.38	2.85	4.51	1.41	1.55
EBITDA / Interest Expense	3.55	5.34	6.94	3.11	3.11
(EBITDA - Capex) / Interest Expense	0.02	1.3	-1.6	-2.56	-1.04
Total Debt / EBITDA	8.14	5.53	4.45	6.86	6.15
Net Debt / EBITDA	5.4	3.51	2.96	4.15	3.91
Total Debt / (EBITDA - Capex)	1.45K	22.68	-19.26	-8.34	-18.46
Net Debt / (EBITDA - Capex)	961.48	14.4	-12.79	-5.05	-11.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.79	19.21	40.89	47.14	16.2
Gross Profit, 1 Yr. Growth %	-10.76	29.51	29.47	42.07	10.53
EBITDA, 1 Yr. Growth %	-31.47	39.77	45.79	-13.51	30.33
EBITA, 1 Yr. Growth %	-44.09	71.82	70.06	-35.63	37.94
EBIT, 1 Yr. Growth %	-48.84	83.97	73.65	-38.1	41.92
Earnings From Cont. Operations, 1 Yr. Growth %	3.32	-3.17	52.23	0.98	-1.93
Net Income, 1 Yr. Growth %	8.14	-14.21	32.83	22.68	-22
Normalized Net Income, 1 Yr. Growth %	-39.61	35.9	46.54	-46.14	6.06
Diluted EPS Before Extra, 1 Yr. Growth %	7.89	-14.38	32.62	22.65	-21.71
Accounts Receivable, 1 Yr. Growth %	-0.94	27.09	18.32	44.28	-2.74
Inventory, 1 Yr. Growth %	-1.46	-1.58	14.55	121.28	-13.56
Net Property, Plant and Equip., 1 Yr. Growth %	2.96	9.87	4	20.84	8.83
Total Assets, 1 Yr. Growth %	5.3	7.67	15.26	40.08	9.38
Tangible Book Value, 1 Yr. Growth %	9.21	33.29	12.9	-49.72	-9.14
Common Equity, 1 Yr. Growth %	-0.48	28.84	13.29	2.54	-3.93
Cash From Operations, 1 Yr. Growth %	22.89	-40.78	187.11	2.85	32.09
Capital Expenditures, 1 Yr. Growth %	-31.19	4.71	131.54	31.85	-5.63
Levered Free Cash Flow, 1 Yr. Growth %	-177.71	-329.58	-27	88.39	-59.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-300.82	-235.18	-34.28	84.91	-83.54
Dividend Per Share, 1 Yr. Growth %	102.6	5.45	9.66	8.39	8.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.56	4.91	29.59	43.98	30.76
Gross Profit, 2 Yr. CAGR %	-5.33	7.61	29.49	35.62	25.31
EBITDA, 2 Yr. CAGR %	-17.28	-1.6	41.4	12.29	6.17
EBITA, 2 Yr. CAGR %	-22.8	-0.94	68.33	4.62	-5.77
EBIT, 2 Yr. CAGR %	-23.52	-1.77	78.71	3.68	-6.27
Earnings From Cont. Operations, 2 Yr. CAGR %	5.01	0.83	21.39	23.98	-0.49
Net Income, 2 Yr. CAGR %	7.67	-2.83	6.74	27.65	-2.18
Normalized Net Income, 2 Yr. CAGR %	-1.14	-7.96	41.24	-11.16	-24.42
Diluted EPS Before Extra, 2 Yr. CAGR %	8.69	-3	6.56	27.54	-2.01
Accounts Receivable, 2 Yr. CAGR %	9.46	12.2	22.59	30.65	18.46
Inventory, 2 Yr. CAGR %	15.98	-1.52	6.16	59.21	38.3
Net Property, Plant and Equip., 2 Yr. CAGR %	6.15	6.27	6.9	12.1	14.67
Total Assets, 2 Yr. CAGR %	10.59	6.3	11.4	27.06	23.78
Tangible Book Value, 2 Yr. CAGR %	7.64	18.88	22.67	-24.65	-32.41
Common Equity, 2 Yr. CAGR %	1.74	12.26	20.82	7.78	-0.75
Cash From Operations, 2 Yr. CAGR %	23.37	-14.69	30.51	71.84	16.56
Capital Expenditures, 2 Yr. CAGR %	18.53	-15.12	55.67	74.72	11.54
Levered Free Cash Flow, 2 Yr. CAGR %	-51.64	48.51	29.23	17.27	-2.78
Unlevered Free Cash Flow, 2 Yr. CAGR %	-44.75	77.15	-5.95	10.24	-36.21
Dividend Per Share, 2 Yr. CAGR %	5.56	46.17	7.54	9.02	8.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.64	2.83	15.74	35.2	34.05
Gross Profit, 3 Yr. CAGR %	-4	5.16	14.45	33.55	26.68
EBITDA, 3 Yr. CAGR %	-12.64	-1.12	11.47	20.03	18.01
EBITA, 3 Yr. CAGR %	-15.91	1.51	17.4	22.18	14.72
EBIT, 3 Yr. CAGR %	-16.84	3.32	18.76	25.51	15.12
Earnings From Cont. Operations, 3 Yr. CAGR %	17.84	2.76	15.66	14.16	14.66
Net Income, 3 Yr. CAGR %	19.99	0.41	7.84	11.81	8.32
Normalized Net Income, 3 Yr. CAGR %	11.32	11.09	7.54	2.42	-5.76
Diluted EPS Before Extra, 3 Yr. CAGR %	22.52	1	7.66	11.67	8.39
Accounts Receivable, 3 Yr. CAGR %	2.06	15.05	14.18	29.43	18.41
Inventory, 3 Yr. CAGR %	14.42	9.8	3.55	35.61	29.88
Net Property, Plant and Equip., 3 Yr. CAGR %	4.86	7.32	5.51	11.36	11
Total Assets, 3 Yr. CAGR %	2.13	9.48	9.21	20.24	20.87
Tangible Book Value, 3 Yr. CAGR %	13.6	14.45	16.85	-8.87	-19.79
Common Equity, 3 Yr. CAGR %	-3.26	9.44	12.61	14.39	3.72
Cash From Operations, 3 Yr. CAGR %	25.36	-3.4	27.92	20.55	57.42
Capital Expenditures, 3 Yr. CAGR %	5.62	13.73	18.58	47.29	42.29
Levered Free Cash Flow, 3 Yr. CAGR %	-32.62	-12.77	17.07	46.53	-11.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-15.73	-21.87	27.1	17.82	-35.57
Dividend Per Share, 3 Yr. CAGR %	9.14	5.52	32.81	7.82	8.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.35	5.82	9.19	17.65	21.53
Gross Profit, 5 Yr. CAGR %	1.11	6.57	8.25	16.42	18.68
EBITDA, 5 Yr. CAGR %	-6.5	-0.3	6.15	3.65	9.32
EBITA, 5 Yr. CAGR %	-9.32	1.82	11.47	2.11	7.52
EBIT, 5 Yr. CAGR %	-10.89	2.05	13.49	3.46	8.03
Earnings From Cont. Operations, 5 Yr. CAGR %	11.74	1.57	19.64	10.77	8.91
Net Income, 5 Yr. CAGR %	12.9	-1.16	14.91	10.52	3.71
Normalized Net Income, 5 Yr. CAGR %	0.05	7.01	23.22	1.62	-6.61
Diluted EPS Before Extra, 5 Yr. CAGR %	13.96	-0.31	16.29	10.88	3.68
Accounts Receivable, 5 Yr. CAGR %	4.95	8.93	9.82	21.04	15.87
Inventory, 5 Yr. CAGR %	10.69	9.11	11.04	27.39	16.26
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.03	0.79	5.64	9.21	9.09
Total Assets, 5 Yr. CAGR %	2.97	2.4	5.67	16.2	14.82
Tangible Book Value, 5 Yr. CAGR %	1.77	10.99	16.45	-3.17	-6.12
Common Equity, 5 Yr. CAGR %	-0.51	2.39	5.37	8.77	7.06
Cash From Operations, 5 Yr. CAGR %	7.21	-6.99	27.4	21.67	23.25
Capital Expenditures, 5 Yr. CAGR %	34.46	3.72	23.35	35.03	15.72
Levered Free Cash Flow, 5 Yr. CAGR %	-9.78	89.35	-8.78	-1.88	8.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.68	25.24	-9.36	-10.41	-3.53
Dividend Per Share, 5 Yr. CAGR %	9.3	7.42	8.49	6.91	22.38