Balance Sheet

Current Liabilities	345.7m
Accounts Payable	140.2m
Accrued Liabilities	62.1m
Other Current Liabilities	143.4m
Non-Current Liabilities	1.1B
Long-Term Debt	839.3m
Other Non-Current Liabilities	241.8m

Currency: BRL

	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	15	23	38	86	580	169	487
Cash	4	6	13	6	12	38	30
Cash Equivalents	11	17	25	80	568	131	457
Total Receivables	35	56	62	91	154	218	323
Accounts Receivables	32	49	53	77	130	196	298
Other Receivables	3	7	8	13	25	22	24
Other Current Assets	1	10	6	12	8	24	15
Total Current Assets	51	88	106	188	742	411	825
PP&E Net	24	36	64	134	180	338	447
PP&E Gross	24	36	64	134	180	338	447
Accumulated Depreciation	29	35	45	109	139	240	283
Intangible Assets	32	36	37	192	157	715	671
Goodwill	59	64	64	433	441	441	441
Note Receivable	1	0	0	0	0	10	9
Long-Term Investments	0	0	0	31	32	30	25
Other Long-Term Assets	5	8	19	38	77	114	115
Other Assets	59	64	64	433	441	441	441
Total Assets	172 N/A	233 +35%	291 +25%	1 015 +250%	1 629 +60%	2 058 +26%	2 534 +23%
Liabilities
Accounts Payable	24	38	37	103	105	135	144
Accrued Liabilities	13	17	21	17	47	40	68
Short-Term Debt	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	19	56	18	78	150	284	336
Other Current Liabilities	0	0	22	65	46	96	169
Total Current Liabilities	57	111	98	263	347	555	718
Long-Term Debt	46	35	97	590	459	410	659
Deferred Income Tax	8	10	21	0	0	0	0
Minority Interest	2	3	5	0	0	161	180
Other Liabilities	11	18	4	70	56	139	111
Total Liabilities	125 N/A	176 +41%	225 +28%	924 +311%	862 -7%	1 265 +47%	1 668 +32%
Equity
Common Stock	49	49	50	161	213	218	218
Retained Earnings	1	8	16	70	555	589	656
Treasury Stock	0	0	0	0	0	13	9
Total Equity	48 N/A	57 +19%	66 +16%	92 +39%	768 +735%	793 +3%	866 +9%
Total Liabilities & Equity	172 N/A	233 +35%	291 +25%	1 015 +250%	1 629 +60%	2 058 +26%	2 534 +23%
Shares Outstanding
Common Shares Outstanding	136	136	136	136	139	139	139

Eletromidia SA
BOVESPA:ELMD3

52 Week Range	14.69 27.75
Price Target