EVA · Enviva Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $320.64M | $301.90M | $269.08M | - | $325.66M | $296.32M | $232.98M | - | $237.40M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | $211.39M |
| Gross Profit | - | - | - | - | - | - | - | - | - | $26.01M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | $15.49M |
| Total Operating Expenses | - | $364.07M | $328.86M | $322.47M | - | $326.91M | $309.10M | $268.19M | - | - |
| D&A | - | $37.63M | $30.56M | $34.67M | - | $35.22M | $29.11M | $22.56M | - | $22.18M |
| Operating Income | - | ($43.43M) | ($26.95M) | ($53.39M) | - | ($1.25M) | ($12.77M) | ($35.20M) | - | $10.52M |
| Interest Expense | - | $21.62M | $17.27M | $23.39M | - | $18.70M | $13.96M | $9.97M | - | $10.62M |
| Income Tax | - | $155.0K | $11.0K | $12.0K | - | $12.0K | ($2.0K) | $16.0K | - | ($66.0K) |
| Net Income | - | ($85.19M) | ($55.84M) | ($116.90M) | - | ($18.26M) | ($27.34M) | ($45.31M) | - | ($98.0K) |
| EPS - Basic | - | ($1.14) | ($0.42) | ($1.75) | - | - | - | - | - | - |
| EPS - Diluted | - | ($1.14) | ($0.42) | ($1.75) | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $177.12M | $315.20M | $2.34M | $5.28M | $3.42M | $8.48M | $12.70M | $5.17M | $16.80M | $11.79M |
| Accounts Receivable | $214.91M | $200.20M | $146.43M | $128.74M | $169.85M | $118.89M | $124.43M | $80.73M | $97.44M | $86.89M |
| Inventory | $69.76M | $192.36M | $198.55M | $185.75M | $158.88M | $86.06M | $74.35M | $66.14M | $57.72M | $53.81M |
| Accounts Payable | $24.34M | $47.75M | $40.94M | $24.65M | $37.46M | $30.52M | $20.46M | $21.92M | $29.54M | $24.70M |
| Current Assets | $642.13M | $758.45M | $402.37M | $366.50M | $370.34M | $233.72M | $226.86M | $168.44M | $198.73M | $175.46M |
| Total Assets | $2.53B | $2.89B | $2.55B | $2.54B | $2.55B | $2.27B | $2.06B | $1.93B | $1.92B | $1.74B |
| Current Liabilities | $2.43B | $535.75M | $511.34M | $457.02M | $457.68M | $214.93M | $235.31M | $212.40M | $257.01M | $179.63M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.69B | $2.63B | $2.21B | $2.17B | $2.26B | $1.89B | $1.62B | $1.43B | $1.65B | $1.41B |
| Stockholders' Equity | ($112.93M) | $309.93M | $386.00M | $176.64M | $334.51M | $429.23M | $481.47M | $548.96M | $318.36M | - |
| Retained Earnings | ($854.30M) | ($426.25M) | ($341.05M) | ($285.21M) | ($168.31M) | ($90.90M) | ($72.64M) | ($45.31M) | $0 | - |
Cash Flow
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $31.87M | - | - | - | ($42.92M) | - | - |
| Investing Cash Flow | - | - | - | ($72.19M) | - | - | - | ($58.05M) | - | - |
| Financing Cash Flow | - | - | - | $10.62M | - | - | - | $87.78M | - | - |
| CapEx | - | - | - | $72.19M | - | - | - | $53.05M | - | - |
| Free Cash Flow | - | - | - | ($40.32M) | - | - | - | ($95.97M) | - | - |
Ratios
| Metric | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | 11.0% |
| Operating margin | - | -13.5% | -8.9% | -19.8% | - | -0.4% | -4.3% | -15.1% | - | 4.4% |
| EBITDA margin | - | -1.8% | 1.2% | -7.0% | - | 10.4% | 5.5% | -5.4% | - | 13.8% |
| Net margin | - | -26.6% | -18.5% | -43.4% | - | -5.6% | -9.2% | -19.4% | - | -0.0% |
| Free cash flow margin | - | - | - | -15.0% | - | - | - | -41.2% | - | - |
| FCF / Net income | - | - | - | 0.34 | - | - | - | 2.12 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | 6.5% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -2.9% | -2.2% | -4.6% | - | -0.8% | -1.3% | -2.3% | - | -0.0% |
| Return on equity | - | -27.5% | -14.5% | -66.2% | - | -4.3% | -5.7% | -8.3% | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.26 | 1.42 | 0.79 | 0.80 | 0.81 | 1.09 | 0.96 | 0.79 | 0.77 | 0.98 |
| Quick ratio | 0.24 | 1.06 | 0.40 | 0.40 | 0.46 | 0.69 | 0.65 | 0.48 | 0.55 | 0.68 |
| Cash ratio | 0.07 | 0.59 | 0.00 | 0.01 | 0.01 | 0.04 | 0.05 | 0.02 | 0.07 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -2.0x | -1.6x | -2.3x | - | -0.1x | -0.9x | -3.5x | - | 1.0x |
| Equity multiplier | -22.41 | 9.34 | 6.61 | 14.41 | 7.63 | 5.28 | 4.27 | 3.51 | 6.04 | - |
| Liabilities / Assets | 1.06 | 0.91 | 0.87 | 0.85 | 0.89 | 0.83 | 0.79 | 0.74 | 0.86 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.11 | 0.12 | 0.11 | - | 0.14 | 0.14 | 0.12 | - | 0.14 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | 3.93 |
| Days sales outstanding | - | 228d | 177d | 175d | - | 133d | 153d | 126d | - | 134d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | 93d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | 43d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | 184d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -1.5% | 1.9% | 15.5% | - | 37.2% | 4.0% | - | - | 5.2% |
| Revenue CAGR (3y) | - | 12.4% | 21.6% | 9.6% | - | 27.4% | 20.8% | 13.7% | - | 21.5% |
| Revenue CAGR (5y) | - | 19.4% | 18.8% | 16.4% | - | 19.9% | 18.5% | 13.8% | - | 16.7% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | 1.7% |
| Operating income growth (YoY) | - | -3363.5% | -111.0% | -51.7% | - | - | - | - | - | -18.8% |
| Net income growth (YoY) | - | -366.7% | -104.3% | -158.0% | - | -18528.6% | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 58.0% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -27.8% | -19.8% | -67.8% | 5.1% | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$1.18B totalProduct$1.22B · 103.4%
Breakage Revenue$44.10M · 3.7%
Service Other$9.67M · 0.8%
Impairment Of Customer Assets($26.47M) · -2.2%
Termination Of Contract With Customer($67.18M) · -5.7%
Peer comparison
Same SIC group: Lumber & Wood Products (No Furniture)
Comparing Enviva Inc. against the 3 most active filers in the same SIC group.