Cash flow Panoro Energy ASA

Equities

PEN

NO0010564701

Oil & Gas Exploration and Production

Real-time Oslo Bors Other stock markets 08:56:52 11/09/2024 BST			5-day change	1st Jan Change
26.40 ^NOK	+2.52%		-3.12%	-2.37%

08-22	Panoro Energy ASA Reports Production Results for the Second Quarter and Six Months Ended June 30, 2024	CI
08-22	Panoro Energy ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: PANORO ENERGY ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	42.97M	24.17M	114M	180M	218M
Total Revenues	42.97M	24.17M	114M	180M	218M
Cost of Goods Sold, Total	15.21M	14.74M	41.02M	51.9M	81.3M
Gross Profit	27.76M	9.42M	72.69M	128M	137M
Selling General & Admin Expenses, Total	6.48M	5.97M	8.47M	9.91M	11.66M
Exploration / Drilling Costs, Total	134K	272K	6.44M	9.38M	433K
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	6.98M	6.96M	27.55M	35.16M	39.69M
Impairment of Oil, Gas & Mineral Properties - (IS)	-8.14M	-	-	-	-
Other Operating Expenses	2.82M	-6.98M	8.22M	5.91M	728K
Other Operating Expenses, Total	8.27M	6.22M	50.68M	60.36M	52.5M
Operating Income	19.49M	3.2M	22M	68.01M	84.18M
Interest Expense, Total	-2.75M	-1.91M	-7.09M	-10.16M	-13.02M
Interest And Investment Income	38K	59K	77K	57K	81K
Net Interest Expenses	-2.72M	-1.85M	-7.02M	-10.1M	-12.94M
Currency Exchange Gains (Loss)	215K	-366K	411K	-488K	-61K
Other Non Operating Income (Expenses)	3.25M	2.05M	3.13M	4.79M	4M
EBT, Excl. Unusual Items	20.24M	3.03M	18.52M	62.2M	75.18M
Restructuring Charges	-1.11M	-	-	-	-
Merger & Related Restructuring Charges	-	-725K	-1.25M	-1.05M	-811K
Gain (Loss) On Sale Of Investments	-	-	-	-727K	-26K
Gain (Loss) On Sale Of Assets	-288K	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	46.12M	-	-
EBT, Incl. Unusual Items	18.84M	2.31M	63.39M	60.42M	74.34M
Income Tax Expense	13.48M	4.5M	21.08M	41.79M	40.96M
Earnings From Continuing Operations	5.37M	-2.2M	42.31M	18.64M	33.38M
Earnings Of Discontinued Operations	4.82M	-3.14M	7.01M	1.26M	-
Net Income to Company	10.19M	-5.33M	49.32M	19.89M	33.38M
Net Income - (IS)	10.19M	-5.33M	49.32M	19.89M	33.38M
Net Income to Common Incl Extra Items	10.19M	-5.33M	49.32M	19.89M	33.38M
Net Income to Common Excl. Extra Items	5.37M	-2.2M	42.31M	18.64M	33.38M
Per Share Items
Net EPS - Basic	0.16	-0.08	0.47	0.18	0.29
Basic EPS - Continuing Operations	0.08	-0.03	0.4	0.16	0.29
Basic Weighted Average Shares Outstanding	63.52M	68.91M	105M	114M	116M
Net EPS - Diluted	0.15	-0.08	0.47	0.17	0.28
Diluted EPS - Continuing Operations	0.08	-0.03	0.4	0.16	0.28
Diluted Weighted Average Shares Outstanding	64.4M	68.91M	107M	116M	117M
Normalized Basic EPS	0.2	0.03	0.11	0.34	0.4
Normalized Diluted EPS	0.2	0.03	0.11	0.34	0.4
Dividend Per Share	-	-	-	0.03	0.14
Payout Ratio	-	-	-	-	39.46
Supplemental Items
EBITDA	28.67M	9.96M	49.34M	103M	124M
EBITA	19.49M	3.2M	36.32M	86.31M	102M
EBIT	19.49M	3.2M	22M	68.01M	84.18M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	46.78M	26.86M	120M	189M	227M
Effective Tax Rate - (Ratio)	71.51	195.1	33.25	69.16	55.1
Current Foreign Taxes	11.41M	3.31M	22.91M	48.61M	41.64M
Total Current Taxes	11.41M	3.31M	22.91M	48.61M	41.64M
Deferred Foreign Taxes	2.02M	1.19M	-1.84M	-6.83M	-528K
Total Deferred Taxes	2.02M	1.19M	-1.84M	-6.83M	-528K
Normalized Net Income	12.65M	1.9M	11.58M	38.88M	46.99M
Interest Capitalized	309K	252K	376K	-	-
Interest on Long-Term Debt	2.5M	1.76M	6.84M	9.52M	11.71M
Supplemental Operating Expense Items
General and Administrative Expenses	6.48M	5.97M	8.47M	9.91M	11.66M
Exploration/Drilling Costs	134K	272K	6.44M	9.38M	433K
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	767K	897K	1.23M	1.59M	1.84M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	767K	897K	1.23M	1.59M	1.84M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	20.49M	5.67M	24.53M	32.67M	27.82M
Short Term Investments	-	-	-	342K	-
Total Cash And Short Term Investments	20.49M	5.67M	24.53M	33.01M	27.82M
Accounts Receivable, Total	7.2M	10.05M	54.35M	16.52M	21.49M
Other Receivables	2.17M	811K	1.28M	18.59M	8.16M
Total Receivables	9.37M	10.86M	55.63M	35.11M	29.65M
Inventory	5.13M	5.92M	19.8M	26.23M	50.54M
Prepaid Expenses	-	-	-	-	1.6M
Restricted Cash	9.96M	9.96M	-	-	-
Other Current Assets, Total	20.92M	21.82M	29.02M	133K	100K
Total Current Assets	65.88M	54.24M	129M	94.48M	110M
Gross Property Plant And Equipment	43.66M	57.36M	190M	260M	320M
Accumulated Depreciation	-5.82M	-9.9M	-22.71M	-39.38M	-61.23M
Net Property Plant And Equipment	37.84M	47.46M	167M	220M	258M
Long-term Investments	26K	26K	26K	26K	44K
Goodwill	-	-	47.76M	47.76M	52.12M
Other Intangibles, Total	48.64M	47.54M	241M	177M	192M
Other Long-Term Assets, Total	131K	135K	135K	121K	143K
Total Assets	153M	149M	585M	539M	612M
Liabilities
Accounts Payable, Total	1.56M	6.02M	12.71M	9.09M	25.54M
Accrued Expenses, Total	-	-	-	-	-
Current Portion of Long-Term Debt	8.53M	8.46M	19.22M	21.13M	26.07M
Current Portion of Leases	133K	216K	127K	114K	119K
Current Income Taxes Payable	4.99M	1.3M	17.02M	35.56M	34.38M
Unearned Revenue Current, Total	-	-	-	-	23.78M
Other Current Liabilities	20.67M	21.15M	34.49M	5.95M	5.36M
Total Current Liabilities	35.88M	37.14M	83.56M	71.84M	115M
Long-Term Debt	16.47M	12.74M	77.69M	58.38M	43.42M
Long-Term Leases	546K	362K	216K	-	211K
Pension & Other Post Retirement Benefits	-	1.81M	-	1.9M	3.6M
Deferred Tax Liability Non Current	2.02M	3.22M	74.11M	67.28M	72.88M
Other Non Current Liabilities	24.9M	26.19M	154M	133M	141M
Total Liabilities	79.82M	81.46M	389M	333M	376M
Common Stock, Total	458K	459K	721K	723K	738K
Additional Paid In Capital	471M	472M	550M	550M	556M
Retained Earnings	-356M	-361M	-312M	-301M	-277M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-43.41M	-43.41M	-43.41M	-43.41M	-43.41M
Total Common Equity	72.69M	67.94M	195M	207M	236M
Total Equity	72.69M	67.94M	195M	207M	236M
Total Liabilities And Equity	153M	149M	585M	539M	612M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	68.8M	69.02M	113M	114M	117M
ECS Total Common Shares Outstanding	68.8M	69.02M	113M	114M	117M
Book Value / Share	1.06	0.98	1.72	1.82	2.02
Tangible Book Value	24.06M	20.4M	-92.91M	-17.83M	-7.96M
Tangible Book Value Per Share	0.35	0.3	-0.82	-0.16	-0.07
Total Debt	25.68M	21.77M	97.25M	79.62M	69.82M
Net Debt	5.18M	16.1M	72.72M	46.61M	42M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	26K	26K	26K	26K	44K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4.77M	4.25M	15.52M	22.82M	32.02M
Inventories - Finished Goods, Total	358K	1.67M	4.28M	3.41M	18.51M
Machinery, Total	1.48M	990K	1.08M	1.11M	1.13M
Full Time Employees	23	25	29	25	24

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	10.19M	-5.33M	49.32M	19.89M	33.38M
Depreciation & Amortization - CF	6.98M	6.96M	13.23M	16.86M	22.08M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	14.32M	18.31M	17.6M
Impairment of Oil, Gas & Mineral Properties - (CF)	-8.14M	-	-	-	-
Depreciation & Amortization, Total	-1.17M	6.96M	27.55M	35.16M	39.69M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	767K	897K	1.23M	1.59M	1.84M
Net Cash From Discontinued Operations	-167K	-3.14M	-989K	-239K	-
Other Operating Activities, Total	2.94M	-3.71M	-23.81M	30.18M	10.64M
Change In Accounts Receivable	-1.99M	460K	18.11M	19.19M	10.8M
Change In Inventories	-84K	-307K	6.19M	-5.66M	-22.07M
Change In Accounts Payable	1.81M	4.62M	-7.21M	12.49M	5.57M
Cash from Operations	12.31M	450K	70.4M	113M	79.85M
Capital Expenditure	-12.88M	-13.85M	-55.74M	-64.31M	-67.81M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-510K	-	-140M	-3.45M	-2.97M
Divestitures	-	-	-	-	316K
Investment in Marketable and Equity Securities, Total	-	-	-	-	26K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	59K	77K	57K	81K
Cash from Investing	-13.39M	-13.79M	-196M	-67.7M	-70.36M
Long-Term Debt Issued, Total	2.46M	-	90M	-	15M
Total Debt Issued	2.46M	-	90M	-	15M
Long-Term Debt Repaid, Total	-7.68M	-4.48M	-16.74M	-19.03M	-26.47M
Total Debt Repaid	-7.68M	-4.48M	-16.74M	-19.03M	-26.47M
Issuance of Common Stock	16.24M	-	81.24M	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-13.17M
Common & Preferred Stock Dividends Paid	-	-	-	-	-13.17M
Other Financing Activities, Total	-12.76M	3M	-9.9M	-17.73M	10.3M
Cash from Financing	-1.75M	-1.47M	145M	-36.75M	-14.34M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-47K	-2K	4K	-12K	-
Net Change in Cash	-2.87M	-14.82M	18.86M	8.14M	-4.85M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	8.46M	4.31M	16.66M	21.71M	39.26M
Levered Free Cash Flow	-25.16M	-7.11M	-37.78M	38.06M	36.24M
Unlevered Free Cash Flow	-23.44M	-5.91M	-33.35M	44.41M	44.38M
Change In Net Working Capital	22.34M	1.92M	20.14M	-29.46M	-18.05M
Net Debt Issued / Repaid	-5.22M	-4.48M	73.26M	-19.03M	-11.47M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.78	1.32	3.75	7.56	9.14
Return on Total Capital	14.04	2.13	7.19	14.69	17.77
Return On Equity %	9.02	-3.12	32.13	9.27	15.08
Return on Common Equity	9.02	-3.12	32.13	9.27	15.08
Margin Analysis
Gross Profit Margin %	64.6	39	63.92	71.21	62.7
SG&A Margin	15.09	24.71	7.45	5.5	5.35
EBITDA Margin %	66.72	41.23	43.39	57.13	56.73
EBITA Margin %	45.36	13.24	31.94	47.88	46.69
EBIT Margin %	45.36	13.24	19.35	37.73	38.62
Income From Continuing Operations Margin %	12.49	-9.08	37.21	10.34	15.31
Net Income Margin %	23.72	-22.07	43.38	11.04	15.31
Net Avail. For Common Margin %	12.49	-9.08	37.21	10.34	15.31
Normalized Net Income Margin	29.44	7.84	10.18	21.57	21.56
Levered Free Cash Flow Margin	-58.55	-29.41	-33.23	21.11	16.62
Unlevered Free Cash Flow Margin	-54.55	-24.46	-29.33	24.64	20.36
Asset Turnover
Asset Turnover	0.31	0.16	0.31	0.32	0.38
Fixed Assets Turnover	1.07	0.57	1.06	0.93	0.91
Receivables Turnover (Average Receivables)	7.82	2.8	3.53	5.09	11.47
Inventory Turnover (Average Inventory)	2.65	2.67	3.19	2.25	2.12
Short Term Liquidity
Current Ratio	1.84	1.46	1.54	1.32	0.95
Quick Ratio	0.83	0.45	0.96	0.95	0.5
Operating Cash Flow to Current Liabilities	0.34	0.01	0.84	1.57	0.69
Days Sales Outstanding (Average Receivables)	46.69	130.61	103.36