Cash flow Ahold Delhaize N.V.

Equities

NL0011794037

Food Retail & Distribution

Real-time Euronext Amsterdam Other stock markets 06:04:24 2025-01-13 am EST			5-day change	1st Jan Change
32.37 ^EUR	-0.25%		+1.92%	+2.76%

11:44am	Ahold Delhaize: acquisition of Delfood in Belgium	CF
Jan. 08	Ahold Delhaize: new 'Brand President' at Profi this summer	CF

20562f6a03cabbef.Dxo4zhk9XxZtLyMK2QXkdWW9QTgFl3OSyxlWPhmHeqc.QXRfjVYPGCU3X3dtlTHRACDEF2lo9EPmqCtuU0axTPB7SnqYQw4PWh9Mcg

Published financial data: AHOLD DELHAIZE N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	66.26B	74.74B	75.6B	86.98B	88.65B
Total Revenues	66.26B	74.74B	75.6B	86.98B	88.65B
Cost of Goods Sold, Total	48.2B	54.05B	54.92B	63.69B	64.88B
Gross Profit	18.06B	20.68B	20.68B	23.3B	23.77B
Selling General & Admin Expenses, Total	15.26B	17.05B	17.83B	20.05B	20.86B
Other Operating Expenses	-	-	-531M	-663M	-489M
Other Operating Expenses, Total	15.26B	17.05B	17.3B	19.39B	20.37B
Operating Income	2.8B	3.64B	3.39B	3.91B	3.4B
Interest Expense, Total	-541M	-495M	-518M	-604M	-718M
Interest And Investment Income	65M	35M	29M	69M	174M
Net Interest Expenses	-476M	-460M	-489M	-535M	-544M
Income (Loss) On Equity Invest.	50M	22M	33M	44M	30M
Currency Exchange Gains (Loss)	4M	-5M	-3M	13M	4M
Other Non Operating Income (Expenses)	-1M	-4M	-7M	-13M	11M
EBT, Excl. Unusual Items	2.38B	3.19B	2.92B	3.42B	2.9B
Restructuring Charges	-71M	-1.41B	-23M	78M	-202M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-1M	-66M	-
Asset Writedown	-89M	-48M	-60M	-169M	-375M
Other Unusual Items	-33M	-	-	-	10M
EBT, Incl. Unusual Items	2.18B	1.73B	2.84B	3.26B	2.33B
Income Tax Expense	417M	331M	591M	714M	456M
Earnings From Continuing Operations	1.77B	1.4B	2.25B	2.55B	1.87B
Earnings Of Discontinued Operations	-1M	-	-	-	-
Net Income to Company	1.77B	1.4B	2.25B	2.55B	1.87B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.77B	1.4B	2.25B	2.55B	1.87B
Net Income to Common Incl Extra Items	1.77B	1.4B	2.25B	2.55B	1.87B
Net Income to Common Excl. Extra Items	1.77B	1.4B	2.25B	2.55B	1.87B
Per Share Items
Net EPS - Basic	1.6	1.31	2.18	2.56	1.95
Basic EPS - Continuing Operations	1.6	1.31	2.18	2.56	1.95
Basic Weighted Average Shares Outstanding	1.11B	1.07B	1.03B	995M	962M
Net EPS - Diluted	1.59	1.3	2.17	2.54	1.94
Diluted EPS - Continuing Operations	1.59	1.3	2.17	2.54	1.94
Diluted Weighted Average Shares Outstanding	1.11B	1.07B	1.03B	1B	966M
Normalized Basic EPS	1.34	1.87	1.78	2.15	1.88
Normalized Diluted EPS	1.34	1.86	1.77	2.13	1.87
Dividend Per Share	0.76	0.9	0.95	1.05	1.1
Payout Ratio	63.08	73.44	38.11	38.45	55.71
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	4.27B	5.14B	4.95B	5.67B	5.14B
EBITA	2.85B	3.68B	3.44B	3.96B	3.44B
EBIT	2.8B	3.64B	3.39B	3.91B	3.4B
EBITDAR	4.34B	5.2B	5.01B	5.74B	5.21B
Effective Tax Rate - (Ratio)	19.09	19.16	20.83	21.9	19.57
Current Domestic Taxes	132M	131M	171M	158M	143M
Current Foreign Taxes	214M	395M	364M	396M	299M
Total Current Taxes	346M	526M	535M	554M	442M
Deferred Domestic Taxes	20M	73M	-5M	-	37M
Deferred Foreign Taxes	52M	-267M	61M	161M	-23M
Total Deferred Taxes	72M	-194M	56M	161M	14M
Normalized Net Income	1.49B	1.99B	1.83B	2.14B	1.81B
Interest Capitalized	3M	6M	5M	2M	2M
Interest on Long-Term Debt	-	363M	342M	358M	384M
Non-Cash Pension Expense	27M	97M	-112M	10M	34M
Supplemental Operating Expense Items
Selling and Marketing Expenses	13.02B	14.37B	14.93B	16.99B	17.32B
General and Administrative Expenses	2.22B	2.66B	2.88B	3.04B	3.52B
Net Rental Expense, Total	66M	59M	58M	70M	75M
Imputed Operating Lease Interest Expense	19.19M	15.77M	15.34M	19.54M	24.37M
Imputed Operating Lease Depreciation	46.81M	43.23M	42.66M	50.46M	50.63M
Stock-Based Comp., Other (Total)	51M	59M	48M	65M	53M
Total Stock-Based Compensation	51M	59M	48M	65M	53M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.72B	2.93B	2.99B	3.08B	3.48B
Short Term Investments	133M	44M	-	-	-
Trading Asset Securities, Total	-	127M	135M	125M	-
Total Cash And Short Term Investments	3.85B	3.1B	3.13B	3.21B	3.48B
Accounts Receivable, Total	1.07B	1.11B	1.15B	1.34B	1.49B
Other Receivables	953M	1.01B	1.05B	1.18B	1.16B
Notes Receivable	16M	5M	43M	13M	12M
Total Receivables	2.04B	2.13B	2.24B	2.54B	2.67B
Inventory	3.35B	3.24B	3.73B	4.61B	4.58B
Prepaid Expenses	178M	337M	387M	301M	332M
Other Current Assets, Total	157M	116M	104M	164M	398M
Total Current Assets	9.57B	8.93B	9.58B	10.82B	11.46B
Gross Property Plant And Equipment	29.15B	29.14B	33.35B	36.25B	36.15B
Accumulated Depreciation	-11.33B	-10.99B	-12.5B	-14.16B	-14.81B
Net Property Plant And Equipment	17.83B	18.15B	20.85B	22.09B	21.34B
Long-term Investments	229M	227M	244M	262M	295M
Goodwill	7.23B	6.83B	7.64B	7.92B	7.79B
Other Intangibles, Total	4.83B	4.73B	5.13B	5.25B	5.21B
Accounts Receivable Long-Term	396M	397M	475M	524M	539M
Loans Receivable Long-Term	44M	42M	41M	23M	116M
Deferred Tax Assets Long-Term	213M	323M	289M	242M	196M
Other Long-Term Assets, Total	1.15B	1.06B	1.46B	1.42B	875M
Total Assets	41.49B	40.69B	45.71B	48.56B	47.82B
Liabilities
Accounts Payable, Total	6.31B	6.8B	7.56B	8.19B	8.28B
Accrued Expenses, Total	2.68B	3.06B	3.39B	3.56B	3.49B
Short-term Borrowings	1.46B	757M	952M	916M	1.02B
Current Portion of Long-Term Debt	453M	348M	197M	233M	787M
Current Portion of Leases	1.21B	1.14B	1.2B	1.33B	1.28B
Current Income Taxes Payable	82M	128M	96M	230M	114M
Unearned Revenue Current, Total	246M	411M	486M	383M	371M
Other Current Liabilities	151M	175M	293M	244M	274M
Total Current Liabilities	12.59B	12.81B	14.18B	15.08B	15.61B
Long-Term Debt	3.84B	3.86B	4.68B	4.53B	4.16B
Long-Term Leases	8.48B	8.44B	10.06B	10.64B	10.54B
Unearned Revenue Non Current	63M	54M	51M	33M	26M
Pension & Other Post Retirement Benefits	677M	1.24B	1.11B	696M	792M
Deferred Tax Liability Non Current	786M	664M	746M	1B	925M
Other Non Current Liabilities	965M	1.19B	1.17B	1.17B	1.01B
Total Liabilities	27.41B	28.26B	31.99B	33.15B	33.07B
Common Stock, Total	11M	11M	10M	10M	10M
Additional Paid In Capital	12.25B	12.25B	10.99B	9.6B	8.41B
Retained Earnings	-	-	-	-	-
Comprehensive Income and Other	1.83B	175M	2.72B	5.79B	6.33B
Total Common Equity	14.08B	12.43B	13.72B	15.4B	14.76B
Minority Interest	-	-	-	-	-
Total Equity	14.08B	12.43B	13.72B	15.4B	14.76B
Total Liabilities And Equity	41.49B	40.69B	45.71B	48.56B	47.82B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.09B	1.05B	1.01B	977M	946M
ECS Total Common Shares Outstanding	1.09B	1.05B	1.01B	977M	946M
Book Value / Share	12.94	11.87	13.57	15.76	15.6
Tangible Book Value	2.02B	867M	951M	2.23B	1.76B
Tangible Book Value Per Share	1.86	0.83	0.94	2.28	1.86
Total Debt	15.44B	14.55B	17.09B	17.64B	17.79B
Net Debt	11.6B	11.45B	13.96B	14.43B	14.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	633M	685M	539M	284M	391M
Debt Equivalent Oper. Leases	528M	472M	464M	560M	600M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	229M	227M	244M	262M	268M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	59M	64M	83M	107M	97M
Inventories - Finished Goods, Total	3.29B	3.18B	3.64B	4.5B	4.49B
Land - (BS)	-	-	-	-	-
Buildings, Total	12.48B	12.29B	13.6B	14.68B	14.49B
Machinery, Total	-	-	-	-	-
Full Time Employees	125K	145K	145K	145K	139K
Part Time Employees	255K	269K	268K	269K	263K
Accumulated Allowance for Doubtful Accounts (Supple)	81M	97M	96M	104M	111M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.77B	1.4B	2.25B	2.55B	1.87B
Depreciation & Amortization - CF	2.47B	2.54B	2.65B	3.01B	3.03B
Amortization of Goodwill and Intangible Assets - (CF)	50M	49M	50M	52M	46M
Depreciation & Amortization, Total	2.52B	2.59B	2.7B	3.06B	3.08B
Amortization of Deferred Charges, Total - (CF)	235M	255M	307M	371M	392M
(Gain) Loss From Sale Of Asset	-10M	-48M	-72M	-212M	170M
Asset Writedown & Restructuring Costs	89M	48M	61M	235M	377M
(Income) Loss On Equity Investments - (CF)	-50M	-22M	-33M	-44M	-30M
Stock-Based Compensation (CF)	51M	59M	48M	65M	53M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	545M	315M	173M	876M	809M
Change In Accounts Receivable	-107M	-301M	-43M	-162M	-205M
Change In Inventories	-104M	-89M	-283M	-747M	-88M
Change In Accounts Payable	535M	1.32B	580M	451M	243M
Change in Other Net Operating Assets	-25M	821M	-216M	-331M	-204M
Cash from Operations	5.45B	6.34B	5.47B	6.11B	6.47B
Capital Expenditure	-2.22B	-2.66B	-2.37B	-2.49B	-2.43B
Sale of Property, Plant, and Equipment	144M	108M	82M	288M	136M
Cash Acquisitions	-43M	-4M	-529M	-20M	-34M
Divestitures	-11M	-3M	-5M	12M	-130M
Investment in Marketable and Equity Securities, Total	253M	-60M	44M	-	125M
Net (Increase) Decrease in Loans Originated / Sold - Investing	94M	99M	103M	115M	117M
Other Investing Activities, Total	94M	44M	42M	81M	11M
Cash from Investing	-1.69B	-2.48B	-2.63B	-2.01B	-2.21B
Short Term Debt Issued, Total	689M	-	90M	-	97M
Long-Term Debt Issued, Total	596M	507M	848M	-	500M
Total Debt Issued	1.28B	507M	938M	-	597M
Short Term Debt Repaid, Total	-	-556M	-	-93M	-
Long-Term Debt Repaid, Total	-2.19B	-2.02B	-2B	-1.92B	-2.11B
Total Debt Repaid	-2.19B	-2.58B	-2B	-2.01B	-2.11B
Repurchase of Common Stock	-1B	-1B	-994M	-997M	-999M
Common Dividends Paid	-1.11B	-1.03B	-856M	-979M	-1.04B
Common & Preferred Stock Dividends Paid	-1.11B	-1.03B	-856M	-979M	-1.04B
Other Financing Activities, Total	-210M	-153M	-144M	-202M	-229M
Cash from Financing	-3.23B	-4.25B	-3.05B	-4.19B	-3.78B
Foreign Exchange Rate Adjustments	56M	-408M	276M	178M	-54M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1M
Net Change in Cash	591M	-791M	58M	86M	421M
Supplemental Items
Cash Interest Paid	189M	149M	138M	174M	226M
Cash Income Tax Paid (Refund)	358M	486M	931M	397M	200M
Levered Free Cash Flow	2.31B	3.2B	3.11B	2.7B	2.31B
Unlevered Free Cash Flow	2.65B	3.51B	3.43B	3.07B	2.76B
Change In Net Working Capital	-307M	-989M	-633M	378M	449M
Net Debt Issued / Repaid	-901M	-2.07B	-1.06B	-2.01B	-1.51B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.3	5.53	4.9	5.18	4.4
Return on Total Capital	6.01	8.04	7.33	7.65	6.47
Return On Equity %	12.49	10.54	17.18	17.48	12.43
Return on Common Equity	12.49	10.54	17.18	17.48	12.43
Margin Analysis
Gross Profit Margin %	27.26	27.67	27.36	26.78	26.81
SG&A Margin	23.03	22.81	23.58	23.05	23.53
EBITDA Margin %	6.45	6.88	6.55	6.52	5.79
EBITA Margin %	4.3	4.93	4.55	4.55	3.88
EBIT Margin %	4.23	4.87	4.48	4.49	3.83
Income From Continuing Operations Margin %	2.67	1.87	2.97	2.93	2.11
Net Income Margin %	2.67	1.87	2.97	2.93	2.11
Net Avail. For Common Margin %	2.67	1.87	2.97	2.93	2.11
Normalized Net Income Margin	2.24	2.67	2.41	2.46	2.04
Levered Free Cash Flow Margin	3.49	4.28	4.11	3.1	2.61
Unlevered Free Cash Flow Margin	4	4.69	4.54	3.53	3.11
Asset Turnover
Asset Turnover	1.63	1.82	1.75	1.85	1.84
Fixed Assets Turnover	3.8	4.15	3.88	4.05	4.06
Receivables Turnover (Average Receivables)	63.41	68.5	66.93	70.06	62.67
Inventory Turnover (Average Inventory)	14.73	16.4	15.75	15.27	14.11
Short Term Liquidity
Current Ratio	0.76	0.7	0.68	0.72	0.73
Quick Ratio	0.47	0.41	0.38	0.38	0.39
Operating Cash Flow to Current Liabilities	0.43	0.5	0.39	0.41	0.41
Days Sales Outstanding (Average Receivables)	5.74	5.42	5.44

Cash flow Ahold Delhaize N.V.

Equities

AD

NL0011794037

Food Retail & Distribution