Terna S.p.A. (BIT:TRN)

Terna Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,398	2,312	1,378	2,155	1,567	2,689
Short-Term Investments	417.8	426.5	362.2	246.8	958.5	611.4
Accounts Receivable	3,033	3,195	2,155	2,358	2,777	1,245
Other Receivables	123.1	137.8	130.6	166.8	60.1	98.9
Inventory	128	108.2	75	83	69.9	66.4
Prepaid Expenses	41	26.7	24	22.7	16.8	14.8
Other Current Assets	41.6	48.7	118	88.4	408.6	51.4
Total Current Assets	6,183	6,254	4,243	5,121	5,858	4,778
Property, Plant & Equipment	20,026	19,237	17,597	16,201	15,317	14,560
Goodwill	262.6	250.9	252.3	251.5	256.5	230.1
Other Intangible Assets	812.9	731.3	614.9	524.3	400	347.8
Long-Term Investments	98.1	97.4	200.1	193.6	99.5	99.7
Long-Term Loans Receivable	9.7	10	10.9	11	10.4	9.6
Long-Term Deferred Tax Assets	251.2	228.4	168.7	121	146.6	111.8
Other Long-Term Assets	436.7	377.3	307	379.5	271.5	493.2
Total Assets	28,080	27,187	23,393	22,803	22,359	20,630
Accounts Payable	3,318	3,443	2,791	3,642	3,247	2,205
Accrued Expenses	209	159.6	131	183.2	118	83.1
Short-Term Debt	1,958	1,767	1,314	487.6	1,988	1,090
Current Portion of Long-Term Debt	1,245	662.5	1,386	1,911	1,645	1,391
Current Unearned Revenue	490.8	413.7	340.7	197.4	120.3	72
Current Portion of Leases	20.1	18.5	-	-	-	-
Current Income Taxes Payable	65.8	112.3	-	43.8	28.1	-
Other Current Liabilities	303.2	286.6	364.1	344.3	501.8	190.3
Total Current Liabilities	7,611	6,864	6,327	6,809	7,648	5,031
Long-Term Debt	11,520	11,417	9,508	8,596	8,882	10,077
Long-Term Leases	47.5	40.3	65.6	67.7	36.9	36.9
Long-Term Unearned Revenue	710.4	585.4	-	-	-	-
Pension & Post-Retirement Benefits	85.4	88	83.4	75.3	82.8	91.7
Other Long-Term Liabilities	577.8	647.9	1,067	1,085	997	978.1
Total Liabilities	20,551	19,643	17,050	16,634	17,646	16,215
Common Stock	442.2	442.2	442.2	442.2	442.2	442.2
Additional Paid-In Capital	20	20	20	20	20	20
Retained Earnings	4,479	4,501	4,134	3,913	3,645	3,403
Treasury Stock	-25.3	-31.4	-29.8	-29.5	-19.5	-9.5
Comprehensive Income & Other	2,592	2,593	1,758	1,796	594.5	514.3
Total Common Equity	7,508	7,524	6,324	6,142	4,682	4,370
Minority Interest	20.5	19.8	18.9	27.1	31.1	46
Shareholders' Equity	7,529	7,544	6,343	6,169	4,713	4,416
Total Liabilities & Equity	28,080	27,187	23,393	22,803	22,359	20,630
Total Debt	14,791	13,906	12,274	11,062	12,552	12,594
Net Cash (Debt)	-11,975	-11,168	-10,533	-8,660	-10,026	-9,294
Net Cash Per Share	-6.04	-5.57	-5.09	-4.31	-4.99	-4.63
Filing Date Shares Outstanding	2,007	2,006	2,006	2,006	2,007	2,008
Total Common Shares Outstanding	2,007	2,006	2,006	2,006	2,007	2,008
Working Capital	-1,428	-609.7	-2,084	-1,688	-1,790	-252.3
Book Value Per Share	2.83	2.84	2.66	2.57	2.33	2.18
Tangible Book Value	6,433	6,542	5,457	5,366	4,025	3,792
Tangible Book Value Per Share	2.29	2.35	2.23	2.18	2.01	1.89
Land	248.1	242.8	232.5	217.7	211.7	210.1
Buildings	2,794	2,715	2,588	2,403	2,288	2,232
Machinery	24,158	23,827	22,643	21,212	20,375	19,513
Construction In Progress	4,462	3,755	2,885	2,581	2,193	1,848

Source: S&P Global Market Intelligence. Utility template. Financial Sources.