| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
544 |
| Employees |
14,609 |
| Revenues (TTM) (Millions $) |
29,932 |
| Net Income (TTM) (Millions $) |
2,748 |
| Cash Flow (TTM) (Millions $) |
1,891 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
The company is a publicly-held corporation that operates as a holding company, primarily holding equity interests in other companies within the energy sector, engaged in activities such as distribution, transmission, generation, commercialization, and provision of services. The company's cash flow is significantly reliant on dividends and interest from its subsidiaries. However, if the profits of its subsidiaries decrease, or if dividends are suspended, the company's financial condition may be negatively affected. The company's ability to distribute dividends will depend on several factors, including its ability to generate profits, investment plans, and regulatory restrictions.
The company's distribution business may be required to reimburse consumers for inaccurate billings for up to ten years. The regulatory time barring periods may impose a significant cost on the company and adversely affect its financial results.
The company may not be able to comply with the terms of its concession agreements and authorizations, leading to potential fines, penalties, or even termination of its concessions or authorizations. Furthermore, the Brazilian government may terminate the company's concession agreements or authorizations through expropriation if deemed to be in the public interest. The company may also face judicial lawsuits that may result in future restrictions in contracting with public authorities, which may adversely affect it financially and reputationally.
The licenses, permits, and authorizations required for the company's operations are issued by public bodies and must be kept valid. However, the company cannot ensure that it will obtain or keep valid all necessary licenses and authorizations. Delays in issuance or rejection of documents, as well as any inability to comply with requirements during the licensing process, may negatively affect the company's operations and result in fines or interdiction of its establishments. Any temporary interruption of its businesses may also adversely affect the company's results.
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