Companhia de Saneamento Basico do Estado de Sao Paulo ADR (SBS) financial statements: income statement, balance sheet and cash flow
Companhia de Saneamento Basico do Estado de Sao Paulo ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Companhia de Saneamento Basico do Estado de Sao Paulo ADR reported revenue of $38.1B (+5.4% year on year).
Income statement
Companhia de Saneamento Basico do Estado de Sao Paulo ADR income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net operating revenue
$38.1B
$36.1B
$25.6B
$22.1B
Operating costs
($24.0B)
($16.6B)
($16.1B)
($14.4B)
Gross profit
$14.1B
$19.5B
$9.5B
$7.7B
Selling expenses
($743.3M)
($917.6M)
($984.1M)
($912.0M)
Allowance for doubtful accounts
($62.1M)
($557.8M)
($652.9M)
($782.1M)
Administrative expenses
($1.0B)
($2.3B)
($1.6B)
($1.4B)
Other operating income (expenses), net
$274.7M
($280.4M)
$27.9M
$8.3M
Equity accounting
$48.2M
$35.3M
$32.4M
$24.6M
Profit from operations before financial income (expenses)
$12.6B
$15.5B
$6.3B
—
Financial income/(expenses), net
($897.8M)
—
—
—
Profit before income tax and social contribution
$11.7B
$13.6B
$4.8B
$4.3B
Current
($2.7B)
($1.3B)
($1.5B)
($1.2B)
Deferred
($497.6M)
($2.8B)
$315.2M
$78.8M
Total Income tax and social contribution
($3.2B)
($4.1B)
($1.2B)
($1.2B)
Profit for the period
$8.5B
$9.6B
$3.5B
$3.1B
Earnings Per Share (Basic)
$2.48
—
—
$4.57
Earnings Per Share (Diluted)
$2.47
—
—
—
Companhia de Saneamento Basico do Estado de Sao Paulo ADR income statement, quarters
Line item
Mar 31, 2024 · Q1
Net revenue
$6.6B
Operating costs
($4.0B)
Gross profit
$2.6B
Selling expenses
($210.1M)
Allowance for doubtful accounts
($190.5M)
Administrative expenses
($538.1M)
Other operating income (expenses), net
$7.1M
Equity results of investments in affiliaties
$8.9M
Profit from operations before financial income (expenses) and income tax and social contribution
$1.7B
Financial expenses
($592.1M)
Interest Income
$247.6M
Exchange result, net
$6.3M
Financial result, net
($338.2M)
Profit before income tax and social contribution
$1.3B
Current
($517.8M)
Deferred
$17.2M
Total Income tax and social contribution
($500.6M)
Net income for the year
$823.3M
Earnings Per Share (Basic)
$1.20
Earnings Per Share (Diluted)
$1.20
Balance sheet
Companhia de Saneamento Basico do Estado de Sao Paulo ADR balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and Cash Equivalents
$4.7B
$1.7B
$838.5M
$1.9B
Financial investments
$7.7B
$3.7B
$2.4B
$1.7B
Trade receivables
$4.4B
$3.9B
$3.6B
$3.1B
Accounts receivable from related parties
$276.4M
$319.5M
$261.3M
$205.8M
Inventory
$22.1M
$10.8M
$86.0M
$124.2M
Restricted Cash, Current
$9.6M
$37.7M
$54.9M
$37.5M
Taxes Recoverable
$1.3B
$800.8M
$494.6M
$242.9M
Assets held for sale
$26.9M
—
—
—
Other Current Assets
$141.9M
$95.7M
$37.0M
$66.3M
Total current assets
$18.6B
$10.6B
$7.8B
$7.3B
Trade receivables
$258.5M
$327.8M
$272.4M
$215.2M
Accounts receivable from related parties
$862.8M
$908.9M
$935.3M
$951.0M
Escrow Deposits
$120.0M
$139.2M
$131.0M
$170.1M
Water and Basic Sanitation National Agency - ANA
$2.3M
$2.0M
$2.7M
$9.2M
Other assets
$31.3M
$135.2M
$159.0M
$146.4M
Equity Method Investments
$254.4M
$215.8M
$161.9M
$110.8M
Long-Term Investments
$49.9M
$46.6M
$46.7M
$46.7M
Contract Assets
$11.0B
$4.9B
$7.4B
$8.6B
Financial asset of the concession
$21.7B
$17.6B
—
—
Intangible assets
$50.5B
$44.8B
$44.0B
$39.3B
Property, Plant and Equipment
$890.8M
$561.5M
$474.6M
$338.9M
Total non-current assets
$85.6B
$70.4B
$53.7B
$49.9B
Total Assets
$104.2B
$81.0B
$61.5B
$57.2B
Trade payables and contractors
$2.4B
$766.6M
$456.2M
$430.9M
Services payable
$2.8B
$1.4B
$750.7M
$723.2M
Borrowings and financing
$5.1B
$3.1B
$2.6B
$2.2B
Labor and social obligations
$699.6M
$1.3B
$807.4M
$498.5M
Taxes Payable
$615.6M
$591.3M
$512.0M
$293.5M
Deferred PIS/Cofins taxes
$89.0M
—
—
—
Dividends and interest on capital payable
$2.1B
$2.3B
—
—
Provisions
$1.4B
$1.5B
$1.1B
$924.0M
Public-Private Partnership - PPP
$469.7M
$452.3M
$487.9M
$222.4M
Derivative financial instruments
$661.4M
$67.4M
—
—
Performance Agreements
$120.8M
$287.1M
—
—
Other Current Liabilities
$201.6M
$194.3M
$853.4M
$476.9M
Total current liabilities
$16.6B
$12.0B
$8.4B
$6.7B
Borrowings and financing
$35.0B
$22.1B
$16.9B
$16.7B
Deferred income and social contribution taxes
$3.1B
$2.7B
—
—
Deferred PIS/Cofins
$1.2B
$1.1B
$164.1M
$159.7M
Provisions
$533.4M
$895.5M
$762.1M
$686.7M
Pension plan obligations
$2.1B
$1.9B
$2.1B
$2.2B
Public-Private Partnership - PPP
$2.9B
$2.9B
$2.8B
$2.7B
Performance Agreements
$6.2M
$137.4M
—
—
Other liabilities
$341.7M
$343.0M
$406.0M
$569.3M
Total non-current liabilities
$45.2B
$32.1B
$23.2B
$23.2B
Companhia de Saneamento Basico do Estado de Sao Paulo ADR balance sheet, quarters
Line item
Mar 31, 2024
Cash and Cash Equivalents
$2.0B
Financial investments
$4.2B
Trade receivables
$3.6B
Accounts receivable from related parties
$266.7M
Inventory
$122.2M
Restricted Cash, Current
$45.7M
Recoverable taxes
$328.2M
Other Current Assets
$74.6M
Total current assets
$10.6B
Trade receivables
$345.8M
Accounts receivable from related parties
$932.3M
Escrow deposits
$124.7M
Deferred income tax and social contribution
$115.3M
Water and Basic Sanitation National Agency – ANA
$1.9M
Other assets
$162.7M
Equity Method Investments
$170.5M
Long-Term Investments
$46.7M
Contract Assets
$7.6B
Intangible assets
$44.5B
Property, Plant and Equipment
$484.3M
Total noncurrent assets
$54.4B
Total assets
$65.0B
Trade payables and contractors
$490.5M
Borrowings and financing
$2.7B
Labor and social obligations
$742.6M
Taxes Payable
$619.0M
Interest on capital
$837.4M
Provisions
$1.1B
Services payable
$838.7M
Public-Private Partnership - PPP
$435.7M
Deferred Revenue, Current
$20.9M
Other Current Liabilities
$870.4M
Total current liabilities
$8.7B
Borrowings and financing
$19.3B
Deferred Cofins and PASEP
$169.3M
Provisions
$777.2M
Pension plan obligations
$2.1B
Public-Private Partnership - PPP
$2.8B
Program Contract Commitments
$12.1M
Other liabilities
$522.7M
Total non-current liabilities
$25.7B
Total liabilities
$34.4B
Total Stockholders' Equity
$15.0B
Accumulated Other Comprehensive Income
$14.7B
Retained Earnings
$823.3M
Cash flow statement
Companhia de Saneamento Basico do Estado de Sao Paulo ADR cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Profit before income and social contribution taxes
$11.7B
$13.6B
$4.8B
$4.3B
Depreciation & Amortization (CF)
$2.2B
$2.7B
$2.8B
$2.5B
Gain/Loss on Asset Sales (CF)
$162.1M
$171.2M
$8.4M
$10.1M
Allowance for doubtful accounts
$62.1M
—
—
—
Provisions and inflation adjustments on provisions
($241.1M)
$801.2M
$458.9M
$630.7M
Interest calculated on borrowings and financing payable
$3.6B
$1.7B
$1.3B
$1.1B
Interest and inflation adjustments, net
($2.8B)
($237.6M)
—
—
Derivative Financial Instruments
$123.9M
—
—
—
Financial Charges from Customers
($421.0M)
($437.8M)
($374.9M)
($328.5M)
Provision for Consent Decree (TAC), Knowledge Retention Program (KRP) and Incentivized Dismissal Program (IDP) and Voluntary Dismissal Program (VDP)
$105.2M
$354.1M
$356.3M
($1.2M)
Equity Accounting
($48.2M)
($35.3M)
($32.4M)
($24.6M)
Interest and inflation adjustment (PPP)
$500.0M
—
—
—
Municipal Transfers
$595.0M
$309.8M
$195.9M
$167.7M
Pension plan obligations
$175.8M
$161.5M
$238.8M
$183.3M
Deferred PIS and Cofins on financial asset of the concession
$179.1M
$822.5M
—
—
Financial Asset of the concession – inflation adjustment
($1.7B)
($9.2B)
—
—
Other adjustments
($504.0M)
$108.9M
$22.0M
$15.5M
Total Adjustments
$13.7B
$12.2B
$11.0B
$9.0B
Trade receivables
$1.5B
($442.3M)
($835.3M)
($489.9M)
Related-party balances and transactions
$221.8M
($25.4M)
($4.6M)
($295.1M)
Inventories
$24.2M
($13.8M)
$38.2M
($10.7M)
Taxes Recoverable
$153.1M
($306.2M)
($251.7M)
$33.2M
Escrow Deposits
$19.2M
$50.5M
$72.5M
$5.3M
Other assets
$122.6M
($2.7M)
$36.1M
$18.3M
Trade payables and contractors
($1.1B)
($437.7M)
($394.2M)
($220.5M)
Services payable
$738.9M
$378.0M
($168.4M)
$86.5M
Labor and social obligations
($701.1M)
—
—
—
Taxes and contributions payable
($522.8M)
$265.2M
$186.8M
$120.9M
Deferred PIS/Cofins
($15.9M)
$131.2M
$4.4M
$267.0K
Provisions
($297.1M)
($185.9M)
($243.2M)
($468.4M)
Pension plan obligations
($267.2M)
($227.2M)
($249.5M)
($239.2M)
Other liabilities
$1.9M
($335.7M)
($868.7M)
($722.5M)
Cash generated from operations
$13.6B
$11.1B
$8.4B
$6.8B
Interest Paid
($2.7B)
($2.0B)
($1.9B)
($1.5B)
Income tax and social contribution paid
($2.5B)
($1.8B)
($1.6B)
($1.4B)
Net cash generated from operating activities
$8.4B
$7.4B
$4.9B
$4.0B
Acquisition of contract assets, intangible assets and property, plant and equipment
($13.7B)
($7.9B)
($4.0B)
($3.6B)
Restricted cash
($27.5M)
$17.2M
($17.5M)
($9.0M)
Financial investments - Investment
($32.8B)
($6.5B)
($742.8M)
$755.5M
Financial investments - Redemption
$30.8B
$5.3B
—
—
Dividends received
$16.9M
—
—
—
Capital increase in investees
($16.4M)
($40.2M)
—
—
Net cash used in investment activities
($15.7B)
($10.0B)
($4.9B)
($2.9B)
Funding
$18.3B
$6.9B
—
—
Amortization
($4.3B)
($2.2B)
—
—
Companhia de Saneamento Basico do Estado de Sao Paulo ADR cash flow statement, quarters
Line item
Mar 31, 2024 · Q1
Profit before income tax and social contribution
$1.3B
Depreciation & Amortization (CF)
$773.8M
Gain/Loss on Asset Sales (CF)
$918.0K
Allowance for doubtful accounts
$190.5M
Provisions and inflation adjustment of provisions
$83.9M
Interest calculated on borrowings and financing payable
$344.8M
Inflation adjustment and exchange (losses) gains on borrowings and financing
$47.7M
Interest and inflation adjustments on liabilities
$5.3M
Interest and inflation adjustments on assets
($60.5M)
Finance charges from customers
($109.2M)
Construction margin on intangible assets arising from concession agreements
($30.1M)
Provision for Consent Decree (TAC) and Knowledge Retention Program (PRC)
($107.8M)
Equity results of investments in affiliaties
($8.9M)
Interest and monetary adjustments on PPP
$145.8M
Transfer to the São Paulo Municipal Government
$174.7M
Pension plan obligations
$48.9M
Other adjustments
$4.3M
Total Adjustments
$2.8B
Change in Accounts Receivable
($154.6M)
Accounts receivable from related parties
$6.6M
Change in Inventory
($36.2M)
Recoverable taxes
$166.5M
Escrow deposits
$12.5M
Other assets
($41.0M)
Change in Accounts Payable
($419.4M)
Services payable
($86.7M)
Accrued payroll and related taxes
$33.6M
Taxes and contributions payable
($85.3M)
Deferred Cofins and Pasep
$5.2M
Provisions
($47.2M)
Pension plan obligations
($60.5M)
Other liabilities
$75.0M
Cash generated from operations
($631.6M)
Interest paid
($473.6M)
Income tax and social contribution paid
($325.4M)
Net cash generated from operating activities
$1.4B
Acquisition of contract assets and intangible assets