Cash flow Inwit S.p.A.

Equities

INW

IT0005090300

Integrated Telecommunications Services

Market Closed - Borsa Italiana Other stock markets 16:45:00 06/02/2026 GMT			5-day change	1st Jan Change
7.960 ^EUR	0.00%		+6.99%	+0.95%

02-05	Sell-off Hits Stock Markets; Stellantis Ends at the Bottom	AN
02-05	Mixed Markets: Mib Down with Stellantis	AN

1683ceebd1265bc6915a991e6675.uyhSeHrQVRFSJbaSqqskfaWoz6CjK9diuezmQa1FYng.1EwWDw2ZEyc5UoKky-hPO8DDpOmaSoA604uABfgyEyv6fSgeQrUfIwVt9w

Published financial data: INWIT S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	663M	785M	853M	960M	1.04B
Total Revenues	663M	785M	853M	960M	1.04B
Cost of Goods Sold, Total	51.64M	61.94M	61.25M	63.66M	75.89M
Gross Profit	612M	723M	792M	897M	960M
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	313M	360M	364M	371M	388M
Other Operating Expenses	5.58M	1.03M	5.98M	11.72M	11.56M
Other Operating Expenses, Total	319M	361M	370M	382M	399M
Operating Income	293M	362M	422M	514M	561M
Interest Expense, Total	-56.64M	-73.61M	-34.43M	-63.55M	-81.5M
Interest And Investment Income	19.31K	8.37K	129	454K	491K
Net Interest Expenses	-56.62M	-73.6M	-34.43M	-63.09M	-81.01M
Other Non Operating Income (Expenses)	-8.62M	-16.48M	-46.8M	-49.85M	-53.62M
EBT, Excl. Unusual Items	228M	272M	341M	401M	426M
Restructuring Charges	-	-670K	-3.66M	-	-
Merger & Related Restructuring Charges	-6.71M	-2.53M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-226K	-738K	-407K	-1.84M	-1.87M
Other Unusual Items	-	-3.35M	-2.51M	-3.82M	-
EBT, Incl. Unusual Items	221M	265M	334M	396M	424M
Income Tax Expense	64.27M	73.27M	40.91M	56.3M	70.49M
Earnings From Continuing Operations	157M	191M	293M	339M	354M
Net Income to Company	157M	191M	293M	339M	354M
Minority Interest	-	-	-	-	116K
Net Income - (IS)	157M	191M	293M	339M	354M
Net Income to Common Incl Extra Items	157M	191M	293M	339M	354M
Net Income to Common Excl. Extra Items	157M	191M	293M	339M	354M
Per Share Items
Net EPS - Basic	0.18	0.2	0.31	0.36	0.38
Basic EPS - Continuing Operations	0.18	0.2	0.31	0.36	0.38
Basic Weighted Average Shares Outstanding	871M	960M	960M	956M	938M
Net EPS - Diluted	0.18	0.2	0.31	0.36	0.38
Diluted EPS - Continuing Operations	0.18	0.2	0.31	0.36	0.38
Diluted Weighted Average Shares Outstanding	871M	960M	960M	956M	938M
Normalized Basic EPS	0.16	0.18	0.22	0.26	0.28
Normalized Diluted EPS	0.16	0.18	0.22	0.26	0.28
Dividend Per Share	0.3	0.32	0.35	0.48	0.52
Payout Ratio	444.72	149.84	104.83	99.02	127.76
Supplemental Items
EBITDA	428M	538M	603M	695M	748M
EBITA	370M	467M	530M	626M	674M
EBIT	293M	362M	422M	514M	561M
EBITDAR	431M	545M	605M	699M	758M
Effective Tax Rate - (Ratio)	29.09	27.68	12.24	14.22	16.61
Current Domestic Taxes	86.27M	108M	12.37M	29.76M	35.99M
Total Current Taxes	86.27M	108M	12.37M	29.76M	35.99M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-21.22M	-35.26M	-35.31M	-38.42M	-30.99M
Normalized Net Income	142M	170M	213M	251M	266M
Interest on Long-Term Debt	36.83M	63.8M	65.8M	69.28M	71.52M
Non-Cash Pension Expense	21K	15K	52K	92K	-
Supplemental Operating Expense Items
Net Rental Expense, Total	2.58M	6.46M	2.43M	4.42M	9.4M
Imputed Operating Lease Interest Expense	505K	953K	161K	532K	1.37M
Imputed Operating Lease Depreciation	2.07M	5.51M	2.27M	3.89M	8.03M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., COGS (Total)	73K	95K	243K	27K	-
Total Stock-Based Compensation	73K	95K	243K	27K	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	120M	96.32M	72.85M	95.08M	115M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	120M	96.32M	72.85M	95.08M	115M
Accounts Receivable, Total	126M	88.19M	117M	101M	86.89M
Other Receivables	8.46M	83.35M	74.6M	76.43M	98.42M
Notes Receivable	190K	235K	203K	-	-
Total Receivables	135M	172M	192M	177M	185M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.04M	1.94M	2.77M	3.49M	14.72M
Total Current Assets	256M	270M	267M	276M	315M
Gross Property Plant And Equipment	2.86B	2.93B	3.07B	3.35B	3.65B
Accumulated Depreciation	-913M	-977M	-1.04B	-1.09B	-1.15B
Net Property Plant And Equipment	1.95B	1.95B	2.02B	2.26B	2.5B
Goodwill	6.11B	6.15B	6.15B	6.15B	6.17B
Other Intangibles, Total	762M	693M	589M	480M	377M
Loans Receivable Long-Term	497K	615K	385K	214K	30K
Deferred Tax Assets Long-Term	-	-	-	-	7.86M
Deferred Charges Long-Term	998K	747K	525K	326K	8.7M
Other Long-Term Assets, Total	431K	297M	233M	182M	105M
Total Assets	9.09B	9.36B	9.26B	9.35B	9.48B
Liabilities
Accounts Payable, Total	134M	175M	144M	185M	213M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	13.03M	149M	121M	287M	435M
Current Portion of Leases	159M	151M	152M	160M	144M
Current Income Taxes Payable	12.58M	17.87M	1.36M	17.42M	5.44M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	22.09M	42M	49.41M	52.95M	54.17M
Total Current Liabilities	340M	535M	468M	703M	852M
Long-Term Debt	2.77B	3.02B	3.07B	3.03B	3.24B
Long-Term Leases	893M	831M	810M	822M	820M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	2.64M	2.91M	2.3M	2.35M	2.32M
Deferred Tax Liability Non Current	277M	239M	204M	165M	142M
Other Non Current Liabilities	222M	251M	242M	288M	342M
Total Liabilities	4.5B	4.88B	4.8B	5.01B	5.4B
Common Stock, Total	600M	600M	600M	600M	600M
Additional Paid In Capital	3.69B	2.21B	2.09B	2.05B	1.64B
Retained Earnings	289M	1.67B	1.78B	1.82B	1.84B
Treasury Stock	-339K	-679K	-2.81M	-139M	-1.64M
Comprehensive Income and Other	-122K	-94.31K	1.27M	749K	2.37M
Total Common Equity	4.58B	4.48B	4.47B	4.34B	4.08B
Minority Interest	-	-	-	-	5.62M
Total Equity	4.58B	4.48B	4.47B	4.34B	4.08B
Total Liabilities And Equity	9.09B	9.36B	9.26B	9.35B	9.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	960M	960M	960M	948M	932M
ECS Total Common Shares Outstanding	960M	960M	960M	948M	932M
Book Value / Share	4.77	4.67	4.65	4.58	4.38
Tangible Book Value	-2.29B	-2.36B	-2.27B	-2.3B	-2.47B
Tangible Book Value Per Share	-2.39	-2.45	-2.36	-2.42	-2.65
Total Debt	3.83B	4.15B	4.15B	4.3B	4.64B
Net Debt	3.71B	4.05B	4.08B	4.21B	4.53B
Debt Equivalent Oper. Leases	20.62M	51.67M	19.45M	35.38M	75.17M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	5.62M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	48.58M	51.09M	63.28M	102M	134M
Machinery, Total	1.59B	1.73B	1.82B	2.03B	2.23B
Full Time Employees	206	246	256	296	328
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	157M	191M	293M	339M	354M
Depreciation & Amortization - CF	237M	250M	249M	254M	269M
Amortization of Goodwill and Intangible Assets - (CF)	76.95M	105M	108M	112M	113M
Depreciation & Amortization, Total	314M	355M	358M	365M	382M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-761K	4.9M	6.03M	5.03M	5.67M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	12.95M	1.7M	6.75M	192K	4.33M
Change In Accounts Receivable	76.34M	38.1M	-28.6M	15.91M	14.1M
Change In Accounts Payable	-34.05M	-7.5M	37.31M	37.57M	3.84M
Change In Deferred Taxes	-21.16M	-38.59M	-35.28M	-38.17M	-31.17M
Change in Other Net Operating Assets	-17.2M	-327M	49.73M	85.7M	30.03M
Cash from Operations	487M	218M	687M	811M	763M
Capital Expenditure	-89.3M	-168M	-255M	-299M	-294M
Cash Acquisitions	-2.14B	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	22.24M	70.6K	466K	262K	-8.86M
Other Investing Activities, Total	-	-	-	29.34M	-
Cash from Investing	-2.21B	-168M	-255M	-270M	-303M
Long-Term Debt Issued, Total	2.47B	214M	-	-	172M
Total Debt Issued	2.47B	214M	-	-	172M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-146M	-46.74M	-
Total Debt Repaid	-	-	-146M	-46.74M	-
Issuance of Common Stock	-	-	-	-	2.09M
Repurchase of Common Stock	-532K	-340K	-2.13M	-136M	-163M
Common Dividends Paid	-697M	-287M	-307M	-336M	-452M
Common & Preferred Stock Dividends Paid	-697M	-287M	-307M	-336M	-452M
Cash from Financing	1.77B	-73.4M	-456M	-519M	-441M
Miscellaneous Cash Flow Adjustments	-	-	-	23K	1.12M
Net Change in Cash	53.64M	-23.89M	-23.47M	22.23M	20.06M
Supplemental Items
Cash Interest Paid	-	-	49.8M	66.1M	80.3M
Cash Income Tax Paid (Refund)	93.29M	110M	27.9M	13.6M	48.8M
Levered Free Cash Flow	379M	395M	285M	422M	385M
Unlevered Free Cash Flow	415M	441M	306M	462M	436M
Change In Net Working Capital	-6.96M	-28.12M	60.44M	-74.42M	2.77M
Net Debt Issued / Repaid	2.47B	214M	-146M	-46.74M	172M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.14	2.45	2.83	3.45	3.72
Return on Total Capital	3.4	2.65	3.06	3.73	4.04
Return On Equity %	5.1	4.22	6.56	7.71	8.41
Return on Common Equity	5.1	4.22	6.56	7.71	8.41
Margin Analysis
Gross Profit Margin %	92.22	92.11	92.82	93.37	92.68
SG&A Margin	-	-	-	-	-
EBITDA Margin %	64.57	68.58	70.7	72.37	72.23
EBITA Margin %	55.78	59.46	62.19	65.19	65.07
EBIT Margin %	44.18	46.11	49.48	53.57	54.13
Income From Continuing Operations Margin %	23.62	24.38	34.39	35.35	34.15
Net Income Margin %	23.62	24.38	34.39	35.35	34.16
Net Avail. For Common Margin %	23.62	24.38	34.39	35.35	34.16
Normalized Net Income Margin	21.47	21.65	24.97	26.13	25.72
Levered Free Cash Flow Margin	57.19	50.35	33.38	43.97	37.16
Unlevered Free Cash Flow Margin	62.52	56.21	35.9	48.11	42.08
Asset Turnover
Asset Turnover	0.11	0.09	0.09	0.1	0.11
Fixed Assets Turnover	0.45	0.4	0.43	0.45	0.44
Receivables Turnover (Average Receivables)	6.67	7.32	8.32	8.83	11.03
Short Term Liquidity
Current Ratio	0.75	0.5	0.57	0.39	0.37
Quick Ratio	0.75	0.5	0.56	0.39	0.35
Operating Cash Flow to Current Liabilities	1.43	0.41	1.47	1.15	0.9
Days Sales Outstanding (Average Receivables)	54.85	49.86	43.86	41.34	33.18
Average Days Payable Outstanding	845.54	910.21	950.1	944.12	959.35
Long Term Solvency
Total Debt/Equity	83.69	92.59	92.98	99.24	113.71
Total Debt / Total Capital	45.56	48.07	48.18	49.81	53.21
LT Debt/Equity	79.95	85.88	86.86	88.91	99.52
Long-Term Debt / Total Capital	43.52	44.59	45.01	44.63	46.57
Total Liabilities / Total Assets	49.58	52.11	51.78	53.62	56.95
EBIT / Interest Expense	5.18	4.92	12.26	8.09	6.88
EBITDA / Interest Expense	10.72	9.74	22.65	13.85	11.57
(EBITDA - Capex) / Interest Expense	9.14	7.46	15.24	9.13	7.96
Total Debt / EBITDA	6.32	5.79	5.33	4.89	4.92
Net Debt / EBITDA	6.12	5.65	5.23	4.78	4.8
Total Debt / (EBITDA - Capex)	7.41	7.56	7.91	7.41	7.15
Net Debt / (EBITDA - Capex)	7.17	7.39	7.78	7.25	6.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	67.78	18.35	8.64	12.58	7.89
Gross Profit, 1 Yr. Growth %	71.06	18.06	9.48	13.25	7.08
EBITDA, 1 Yr. Growth %	77.83	24.15	12	15.24	8.28
EBITA, 1 Yr. Growth %	63.47	24.37	13.63	18.01	8.36
EBIT, 1 Yr. Growth %	29.94	21.31	16.57	21.88	9.84
Earnings From Cont. Operations, 1 Yr. Growth %	12.46	22.17	53.26	15.74	4.22
Net Income, 1 Yr. Growth %	12.46	22.17	53.26	15.74	4.25
Normalized Net Income, 1 Yr. Growth %	13.14	18.92	25.32	17.79	7.23
Diluted EPS Before Extra, 1 Yr. Growth %	-22.59	10.87	53.3	16.21	6.3
Accounts Receivable, 1 Yr. Growth %	74.13	-30.17	32.42	-13.73	-13.94
Net Property, Plant and Equip., 1 Yr. Growth %	96.05	0.09	3.64	11.55	10.71
Total Assets, 1 Yr. Growth %	250.46	3.04	-1.07	0.96	1.3
Tangible Book Value, 1 Yr. Growth %	-1.76K	2.69	-3.68	1.2	7.43
Common Equity, 1 Yr. Growth %	193.4	-2.12	-0.38	-2.91	-5.99
Cash From Operations, 1 Yr. Growth %	59.64	-55.24	215.39	18.08	-5.96
Capital Expenditures, 1 Yr. Growth %	31.51	88.55	51.46	17.43	-1.87
Levered Free Cash Flow, 1 Yr. Growth %	92.75	3.3	-32.17	48.3	-8.29
Unlevered Free Cash Flow, 1 Yr. Growth %	97.81	5.56	-30.61	50.85	-5.13
Dividend Per Share, 1 Yr. Growth %	127.27	7.5	7.5	37.99	8.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	32.4	40.92	13.39	10.59	10.21
Gross Profit, 2 Yr. CAGR %	32.27	42.2	13.69	11.35	10.12
EBITDA, 2 Yr. CAGR %	41.26	49.51	17.92	13.61	11.4
EBITA, 2 Yr. CAGR %	35.11	43.6	18.87	15.79	12.74
EBIT, 2 Yr. CAGR %	20.94	26.69	18.92	19.2	15.27
Earnings From Cont. Operations, 2 Yr. CAGR %	5.5	17.21	36.83	33.18	9.83
Net Income, 2 Yr. CAGR %	5.5	17.21	36.83	33.18	9.84
Normalized Net Income, 2 Yr. CAGR %	7.7	16.2	22.08	21.5	11.85
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.46	-7.36	30.37	33.47	11.14
Accounts Receivable, 2 Yr. CAGR %	59.76	10.27	-3.84	6.89	-13.74
Net Property, Plant and Equip., 2 Yr. CAGR %	176.56	40.08	1.85	7.52	11.13
Total Assets, 2 Yr. CAGR %	116.82	90.03	0.97	-0.06	1.18
Tangible Book Value, 2 Yr. CAGR %	389	312.67	-0.55	-1.27	4.27
Common Equity, 2 Yr. CAGR %	72	69.47	-1.25	-1.65	-4.46
Cash From Operations, 2 Yr. CAGR %	73.32	-15.47	18.81	92.98	5.38
Capital Expenditures, 2 Yr. CAGR %	35.5	57.47	68.99	33.36	7.35
Levered Free Cash Flow, 2 Yr. CAGR %	97.99	41.72	-13.74	0.3	16.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	106.29	45.08	-14.42	2.31	19.32
Dividend Per Share, 2 Yr. CAGR %	19.24	56.31	7.5	21.8	22.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	22.99	27.54	29.21	13.12	9.68
Gross Profit, 3 Yr. CAGR %	22.5	27.41	30.33	13.54	9.91
EBITDA, 3 Yr. CAGR %	30.47	35.87	35.78	17.02	11.6
EBITA, 3 Yr. CAGR %	26.64	32.06	32.82	18.58	13.03
EBIT, 3 Yr. CAGR %	17.56	21.79	23.22	19.9	15.7
Earnings From Cont. Operations, 3 Yr. CAGR %	7.32	10.79	28.17	29.41	22.73
Net Income, 3 Yr. CAGR %	7.32	10.79	28.17	29.41	22.74
Normalized Net Income, 3 Yr. CAGR %	8.85	11.45	19.17	20.63	16.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.23	-5.29	9.58	25.46	23.72
Accounts Receivable, 3 Yr. CAGR %	45.19	21.24	17.21	-7.25	-0.49
Net Property, Plant and Equip., 3 Yr. CAGR %	106.3	97.09	26.7	4.99	8.58
Total Assets, 3 Yr. CAGR %	71.19	69.2	52.87	0.96	0.43
Tangible Book Value, 3 Yr. CAGR %	200.77	190.66	154.08	0.03	1.55
Common Equity, 3 Yr. CAGR %	44.36	42.53	41.96	-1.81	-3.12
Cash From Operations, 3 Yr. CAGR %	62.05	10.38	31.11	18.57	51.86
Capital Expenditures, 3 Yr. CAGR %	35.71	51.28	55.44	49.68	20.4
Levered Free Cash Flow, 3 Yr. CAGR %	66.63	59.86	13.1	3.33	-2.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	71.02	65.44	13.46	3.38	-0.41
Dividend Per Share, 3 Yr. CAGR %	16.45	15.19	37.97	16.83	17.26
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.63	18.68	19.06	20.47	21.25
Gross Profit, 5 Yr. CAGR %	22.38	18.56	18.93	20.72	21.84
EBITDA, 5 Yr. CAGR %	31.9	27.26	25.6	26.49	25.45
EBITA, 5 Yr. CAGR %	30.21	25.69	23.83	25.3	24.39
EBIT, 5 Yr. CAGR %	24.37	19.63	18.53	20.75	19.98
Earnings From Cont. Operations, 5 Yr. CAGR %	20.01	14.34	18.27	19.25	20.49
Net Income, 5 Yr. CAGR %	20.01	14.34	18.27	19.25	20.5
Normalized Net Income, 5 Yr. CAGR %	18.93	13.53	14.04	15.37	16.18
Diluted EPS Before Extra, 5 Yr. CAGR %	6.08	4.08	7.66	8.64	10.2
Accounts Receivable, 5 Yr. CAGR %	35.59	27.69	23.13	15.28	3.68
Net Property, Plant and Equip., 5 Yr. CAGR %	59.96	58.88	55.55	54.67	20.22
Total Assets, 5 Yr. CAGR %	39.4	39.47	38.6	37.07	29.61
Tangible Book Value, 5 Yr. CAGR %	130.92	109.18	93.19	88.72	77.93
Common Equity, 5 Yr. CAGR %	25.99	24.75	24.01	22.87	21.16
Cash From Operations, 5 Yr. CAGR %	44.17	15.84	43.13	38.02	20.14
Capital Expenditures, 5 Yr. CAGR %	70.42	43.25	48.16	43.84	34.05
Levered Free Cash Flow, 5 Yr. CAGR %	-	34.64	28.27	34.26	14.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	37.34	29.86	36.51	15.77
Dividend Per Share, 5 Yr. CAGR %	25.99	17.02	12.78	17.79	31.55