Company Information

  

Address: AVENIDA BARBACENA 1200
30190 131 BELO HORIZONTE 
City: MINAS GERAIS BRAZIL 
State:  
Zip Code: 30190 
Telephone: 212-259-8000 

Description of Business

Primary SIC Code: 4911
(As filed with the SEC)  

CEMIG started its activities on May 22, 1952 in Minas Gerais, Brazil as a sociedade por ações de economia mista (a state-controlled mixed capital company) with indefinite duration, pursuant to Minas Gerais State Law No. 828 of December 14, 1951 and its implementing regulation, Minas Gerais State Decree No. 3,710 of February 20, 1952. The Company's full legal name is Companhia Energética de Minas Gerais - CEMIG, headquartered at Avenida Barbacena, 1200, Belo Horizonte, Minas Gerais, Brazil. In order to comply with legal and regulatory provisions pursuant to the required unbundling of its vertically integrated businesses, in 2004, CEMIG incorporated two wholly-owned subsidiaries: CEMIG Geração e Transmissão S.A., referred to as CEMIG GT, and CEMIG Distribuição S.A., referred to as CEMIG D, which were established to carry on the business of energy generation and transmission, and distribution, respectively.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20160.020.068114.00

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.14Total Liab/Total Assets0.66
Net Inc/Total Assets0.02Total Liab/Inv Cap0.91
Net Inc/Inv Cap0.03Total Liab/Comm Equity3.91
Pretax Inc/Net Sales0.08Interest Coverage Ratio1.47
Net Inc/Net Sales0.05Curr Debt/Equity0.20
Cash Flow/Net Sales0.03LTD/Equity0.85
SG&A/NetSales0.06Total Debt/Equity1.05
Asset Utilization   Liquidity  
Net Receivables Turnover4.66Quick Ratio0.98
Inventory Turnover405.54Current Ratio0.99
Inventory Day Sales1.31Net Rec/Curr Assets0.57
Net Sales/Work Cap-172.24Inv/Curr Assets0.00
Net Sales/PP&E7.86  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 6,545.00 5,768.00 5,527.00 7,372.00
Cost of Goods Sold 5,272.00 4,434.00 3,989.00 4,816.00
Selling & Admin Exps 401.00 453.00 633.00 619.00
Operating Income 872.00 881.00 905.00 1,936.00
Interest Exp 543.00 761.00 557.00 637.00
Pretax Income 496.00 113.00 850.00 1,685.00
Other Income 242.00 86.00 402.00 307.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 302.00 103.00 624.00 1,180.00

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 661.00 730.00 847.00 708.00
Receivables - Total 1,456.00 1,352.00 1,111.00 1,026.00
Inventories - Total 11.00 15.00 9.00 15.00
Total Current Assets 2,574.00 2,546.00 2,370.00 2,466.00
Net Property, Plant & Equipment 833.00 1,160.00 996.00 2,086.00
Total Assets 12,734.00 12,915.00 10,327.00 13,167.00
Liabilities        
Accounts Payable 1,461.00 1,412.00 1,267.00 1,777.00
Debt in Current Liabilities 872.00 1,839.00 1,908.00 1,990.00
Total Current Liabilities 2,612.00 3,517.00 3,305.00 3,808.00
Long-Term Debt 3,680.00 3,455.00 2,500.00 3,499.00
Total Liabilities 8,415.00 8,943.00 7,045.00 8,923.00
Stockholder's Equity        
Minority Interest 1.00 1.00 1.00 2.00
Preferred Stock NA NA NA NA
Common Stock 1,897.00 1,934.00 1,591.00 2,368.00
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity 4,319.00 3,973.00 3,282.00 4,244.00
Total Liabilities and Stockholders' Equity 12,734.00 12,916.00 10,327.00 13,167.00

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 175.00 373.00 760.00 1,405.00
Net Cash Provided by Investing Activities -116.00 -189.00 -813.00 -1,617.00
Net Cash Provided by Financing Activities -48.00 -163.00 62.00 -282.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20136,200.001,316.00--
12/20147,372.001,180.00--
12/20155,527.00624.00--
12/20165,768.00103.000.02
12/20176,545.00302.00--
Growth Rates1.36-30.79--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1812178,0829.32




Report Date : 7/16/2018

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