Cash flow Airbus SE

Equities

AIR

NL0000235190

Aerospace & Defense

Market Closed - Euronext Paris Other stock markets 11:39:40 2024-12-06 am EST			5-day change	1st Jan Change
155.16 ^EUR	+1.06%		+5.15%	+11.00%

Dec. 07	CFM secures regulatory certification for LEAP-1A engine's durability fixes	RE
Dec. 06	AIRBUS : RBC reaffirms its Buy rating	ZD

35ae917351.CWY8tMn9hK-9hNzrsUn2Q4dX0SThwUfKtYVHWQb6yLw.aBZWgLGoy5eJ9Y-4xii1bt4tg1WohRenhe4xbGO--NpzAFjmjqjtwN_-kQ

Published financial data: AIRBUS SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	70.48B	49.91B	52.15B	58.76B	65.45B
Total Revenues	70.48B	49.91B	52.15B	58.76B	65.45B
Cost of Goods Sold, Total	59.97B	43.32B	42.92B	48.29B	55.4B
Gross Profit	10.5B	6.59B	9.23B	10.47B	10.04B
Selling General & Admin Expenses, Total	6.12B	2.14B	2.05B	2.24B	2.52B
R&D Expenses	3.36B	2.86B	2.75B	3.08B	3.26B
Other Operating Expenses, Total	9.48B	5B	4.8B	5.32B	5.78B
Operating Income	1.02B	1.59B	4.43B	5.15B	4.27B
Interest Expense, Total	-339M	-411M	-334M	-412M	-753M
Interest And Investment Income	232M	253M	164M	238M	764M
Net Interest Expenses	-107M	-158M	-170M	-174M	11M
Income (Loss) On Equity Invest.	299M	39M	40M	134M	267M
Currency Exchange Gains (Loss)	-69M	-28M	53M	-99M	37M
Other Non Operating Income (Expenses)	-183M	-447M	149M	-238M	188M
EBT, Excl. Unusual Items	962M	996M	4.5B	4.78B	4.77B
Restructuring Charges	-	-1.2B	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	102M	-	122M	-	-
Asset Writedown	-	-926M	-	-	-
Insurance Settlements	-	-	-	200M	-
Other Unusual Items	-	-	400M	100M	-
EBT, Incl. Unusual Items	1.06B	-1.13B	5.03B	5.08B	4.77B
Income Tax Expense	2.39B	39M	853M	939M	1.16B
Earnings From Continuing Operations	-1.32B	-1.17B	4.17B	4.14B	3.61B
Net Income to Company	-1.32B	-1.17B	4.17B	4.14B	3.61B
Minority Interest	-37M	36M	39M	111M	176M
Net Income - (IS)	-1.36B	-1.13B	4.21B	4.25B	3.79B
Net Income to Common Incl Extra Items	-1.36B	-1.13B	4.21B	4.25B	3.79B
Net Income to Common Excl. Extra Items	-1.36B	-1.13B	4.21B	4.25B	3.79B
Per Share Items
Net EPS - Basic	-1.75	-1.45	5.36	5.4	4.8
Basic EPS - Continuing Operations	-1.75	-1.45	5.36	5.4	4.8
Basic Weighted Average Shares Outstanding	777M	783M	785M	787M	789M
Net EPS - Diluted	-1.75	-1.45	5.36	5.39	4.8
Diluted EPS - Continuing Operations	-1.75	-1.45	5.36	5.39	4.8
Diluted Weighted Average Shares Outstanding	777M	783M	786M	788M	790M
Normalized Basic EPS	0.73	0.84	3.63	3.93	4
Normalized Diluted EPS	0.73	0.84	3.63	3.93	4
Dividend Per Share	-	-	1.5	1.8	1.8
Payout Ratio	-93.98	-	-	27.81	37.5
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	3.34B	3.95B	6.39B	7.53B	6.13B
EBITA	1.25B	1.82B	4.64B	5.49B	4.5B
EBIT	1.02B	1.59B	4.43B	5.15B	4.27B
Effective Tax Rate - (Ratio)	224.53	-3.45	16.97	18.5	24.24
Total Current Taxes	2.9B	-227M	348M	536M	892M
Total Deferred Taxes	-514M	266M	505M	403M	264M
Normalized Net Income	564M	658M	2.85B	3.1B	3.16B
Interest on Long-Term Debt	14M	22M	22M	31M	37M
Non-Cash Pension Expense	117M	193M	293M	489M	100M
Supplemental Operating Expense Items
Selling and Marketing Expenses	908M	717M	713M	788M	867M
General and Administrative Expenses	5.22B	1.42B	1.34B	1.45B	1.65B
Research And Development Expense From Footnotes	3.69B	3.08B	2.85B	3.19B	3.42B
Stock-Based Comp., Other (Total)	151M	32M	85M	131M	190M
Total Stock-Based Compensation	151M	32M	85M	131M	190M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.31B	14.44B	14.57B	15.82B	16.47B
Short Term Investments	2.75B	2.09B	1.85B	2.43B	2.1B
Total Cash And Short Term Investments	12.06B	16.52B	16.43B	18.25B	18.56B
Accounts Receivable, Total	6.84B	6.21B	6.44B	6.45B	6.55B
Other Receivables	4.18B	2.8B	2.54B	3.54B	3.4B
Notes Receivable	-	-	-	-	-
Total Receivables	11.02B	9.01B	8.98B	9.99B	9.95B
Inventory	31.55B	30.4B	28.54B	32.2B	33.74B
Prepaid Expenses	147M	191M	392M	161M	174M
Other Current Assets, Total	1.94B	2.27B	1.47B	2.4B	1.58B
Total Current Assets	56.72B	58.4B	55.8B	63B	64B
Gross Property Plant And Equipment	41.31B	41.85B	42.27B	41.27B	42.65B
Accumulated Depreciation	-24.02B	-25.18B	-25.73B	-24.76B	-25.45B
Net Property Plant And Equipment	17.29B	16.67B	16.54B	16.5B	17.2B
Long-term Investments	17.14B	10.78B	12.47B	12.27B	14.46B
Goodwill	13.02B	13B	13.03B	13.16B	13.14B
Other Intangibles, Total	2.11B	1.94B	2.05B	2.12B	2.08B
Accounts Receivable Long-Term	91M	48M	27M	26M	26M
Deferred Tax Assets Long-Term	5.01B	4.02B	4.32B	4.68B	3.45B
Deferred Charges Long-Term	1.81B	1.54B	1.59B	1.82B	2.17B
Other Long-Term Assets, Total	1.21B	3.69B	1.23B	2.35B	2.34B
Total Assets	114B	110B	107B	116B	119B
Liabilities
Accounts Payable, Total	14.97B	8.85B	9.87B	13.45B	14.51B
Accrued Expenses, Total	614M	749M	771M	1.08B	740M
Current Portion of Long-Term Debt	1.7B	2.75B	1.7B	1.9B	3.17B
Current Portion of Leases	262M	260M	245M	242M	221M
Current Income Taxes Payable	2.78B	1.31B	1.06B	817M	740M
Unearned Revenue Current, Total	26.99B	25.25B	24.54B	24.37B	24.99B
Other Current Liabilities	15.06B	10.6B	9.62B	10.74B	9.39B
Total Current Liabilities	62.37B	49.77B	47.81B	52.6B	53.75B
Long-Term Debt	6.89B	12.54B	11.6B	9.14B	8.81B
Long-Term Leases	1.3B	1.54B	1.49B	1.49B	1.4B
Unearned Revenue Non Current	17.03B	19.24B	18.63B	22.06B	24B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	398M	451M	116M	164M	361M
Other Non Current Liabilities	20.42B	20.09B	17.92B	17.51B	12.83B
Total Liabilities	108B	104B	97.56B	103B	101B
Common Stock, Total	784M	785M	787M	789M	791M
Additional Paid In Capital	3.56B	3.6B	3.71B	3.84B	3.98B
Retained Earnings	2.24B	250M	6.83B	13.41B	15.62B
Treasury Stock	-82M	-42M	-45M	-68M	-390M
Comprehensive Income and Other	-523M	1.85B	-1.82B	-5.02B	-2.3B
Total Common Equity	5.98B	6.44B	9.47B	12.95B	17.7B
Minority Interest	15M	11M	20M	32M	35M
Total Equity	5.99B	6.46B	9.49B	12.98B	17.73B
Total Liabilities And Equity	114B	110B	107B	116B	119B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	782M	784M	786M	788M	787M
ECS Total Common Shares Outstanding	782M	784M	786M	788M	787M
Book Value / Share	7.64	8.22	12.05	16.44	22.47
Tangible Book Value	-9.16B	-8.5B	-5.62B	-2.34B	2.47B
Tangible Book Value Per Share	-11.7	-10.84	-7.15	-2.97	3.14
Total Debt	10.15B	17.1B	15.04B	12.77B	13.59B
Net Debt	-1.92B	570M	-1.39B	-5.48B	-4.97B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.35B	9.98B	7.07B	2.87B	2.34B
Minority Interest, Total (Incl. Fin. Div)	15M	11M	20M	32M	35M
Equity Method Investments, Total	1.63B	1.58B	1.67B	2.07B	2.23B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.86B	3.93B	3.77B	4.39B	5.02B
Inventories - Work In Process, Total	22.55B	21.22B	19.55B	20.48B	20.65B
Inventories - Finished Goods, Total	4.73B	5.92B	5.36B	5.22B	5.17B
Inventories - Others	3.7B	3.17B	3.49B	5.11B	6.06B
Land - (BS)	9.88B	9.77B	10.34B	10.54B	10.95B
Machinery, Total	26.93B	27.35B	27.55B	25.91B	26.37B
Full Time Employees	135K	131K	121K	129K	142K
Part Time Employees	-	-	5.44K	5.37K	5.77K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	397M	306M	363M	380M	359M
Order Backlog	471B	373B	398B	449B	554B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.36B	-1.13B	4.21B	4.25B	3.79B
Depreciation & Amortization - CF	2.36B	2.38B	2.01B	2.27B	1.85B
Amortization of Goodwill and Intangible Assets - (CF)	230M	232M	211M	338M	230M
Depreciation & Amortization, Total	2.59B	2.61B	2.22B	2.61B	2.08B
Amortization of Deferred Charges, Total - (CF)	333M	222M	106M	110M	164M
Minority Interest in Earnings - (CF)	37M	-36M	-39M	-111M	-176M
(Gain) Loss From Sale Of Asset	-77M	9M	-116M	25M	64M
Asset Writedown & Restructuring Costs	600M	95M	-863M	-569M	-541M
(Income) Loss On Equity Investments - (CF)	-299M	-39M	-40M	-133M	-267M
Other Operating Activities, Total	-289M	1.09B	-1.91B	-1.31B	-61M
Change In Accounts Receivable	1.33B	1.2B	-1.95B	3.18B	2.54B
Change In Inventories	117M	152M	2.4B	-3.22B	-1.85B
Change In Accounts Payable	-1.62B	-5.52B	194M	3.31B	1.42B
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	2.4B	-4.06B	415M	-1.86B	-897M
Cash from Operations	3.75B	-5.42B	4.64B	6.29B	6.26B
Capital Expenditure	-2.34B	-1.76B	-1.93B	-2.46B	-3.05B
Sale of Property, Plant, and Equipment	112M	228M	212M	101M	75M
Cash Acquisitions	8M	-481M	-25M	-188M	-65M
Divestitures	137M	-	310M	-	-
Investment in Marketable and Equity Securities, Total	-991M	6.15B	-1.29B	-662M	-1.24B
Other Investing Activities, Total	210M	-8M	-	100M	150M
Cash from Investing	-2.86B	4.13B	-2.72B	-3.11B	-4.13B
Long-Term Debt Issued, Total	402M	7.1B	-	171M	247M
Total Debt Issued	402M	7.1B	-	171M	247M
Long-Term Debt Repaid, Total	-562M	-445M	-2.3B	-1.35B	-52M
Total Debt Repaid	-562M	-445M	-2.3B	-1.35B	-52M
Issuance of Common Stock	194M	89M	138M	145M	146M
Repurchase of Common Stock	-31M	-4M	-22M	-36M	-334M
Common Dividends Paid	-1.28B	-	-	-1.18B	-1.42B
Common & Preferred Stock Dividends Paid	-1.28B	-	-	-1.18B	-1.42B
Other Financing Activities, Total	319M	91M	-	134M	138M
Cash from Financing	-958M	6.83B	-2.18B	-2.12B	-1.28B
Foreign Exchange Rate Adjustments	-45M	-414M	392M	191M	-201M
Net Change in Cash	-114M	5.12B	133M	1.25B	650M
Supplemental Items
Cash Interest Paid	187M	205M	330M	322M	606M
Cash Income Tax Paid (Refund)	1.48B	-79M	321M	790M	544M
Levered Free Cash Flow	4.2B	-9.03B	4.95B	2.45B	801M
Unlevered Free Cash Flow	4.41B	-8.78B	5.16B	2.71B	1.27B
Change In Net Working Capital	-3.03B	10.87B	-1.9B	892M	776M
Net Debt Issued / Repaid	-160M	6.66B	-2.3B	-1.18B	195M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.56	0.89	2.55	2.89	2.27
Return on Total Capital	3.67	5.01	11.53	12.81	9.34
Return On Equity %	-16.87	-18.79	52.36	36.82	23.53
Return on Common Equity	-17.35	-18.24	52.96	37.89	24.73
Margin Analysis
Gross Profit Margin %	14.91	13.2	17.7	17.82	15.35
SG&A Margin	8.69	4.29	3.93	3.81	3.85
EBITDA Margin %	4.75	7.92	12.26	12.82	9.36
EBITA Margin %	1.78	3.65	8.91	9.34	6.87
EBIT Margin %	1.45	3.19	8.5	8.77	6.52
Income From Continuing Operations Margin %	-1.88	-2.34	8	7.04	5.52
Net Income Margin %	-1.93	-2.27	8.08	7.23	5.79
Net Avail. For Common Margin %	-1.93	-2.27	8.08	7.23	5.79
Normalized Net Income Margin	0.8	1.32	5.47	5.27	4.82
Levered Free Cash Flow Margin	5.96	-18.1	9.49	4.18	1.22
Unlevered Free Cash Flow Margin	6.26	-17.58	9.89	4.61	1.94
Asset Turnover
Asset Turnover	0.61	0.44	0.48	0.53	0.56
Fixed Assets Turnover	4.14	2.94	3.14	3.56	3.88
Receivables Turnover (Average Receivables)	10.28	7.65	8.25	9.19	10.07
Inventory Turnover (Average Inventory)	1.89	1.4	1.46	1.59	1.68
Short Term Liquidity
Current Ratio	0.91	1.17	1.17	1.2	1.19
Quick Ratio	0.37	0.51	0.53	0.54	0.53
Operating Cash Flow to Current Liabilities	0.06	-0.11	0.1	0.12	0.12
Days Sales Outstanding (Average Receivables)	35.5	47.84	44.26	39.72	36.26
Days Outstanding Inventory (Average Inventory)	193.05	261.68	250.63	229.54	217.22
Average Days Payable Outstanding	96.03	103.35	83.24	81.91	89.59
Cash Conversion Cycle (Average Days)	132.52	206.16	211.64	187.34	163.89
Long Term Solvency
Total Debt/Equity	169.42	264.79	158.55	98.39	76.66
Total Debt / Total Capital	62.88	72.59	61.32	49.59	43.39
LT Debt/Equity	136.71	218.12	138.03	81.89	57.54
Long-Term Debt / Total Capital	50.74	59.79	53.39	41.28	32.57
Total Liabilities / Total Assets	94.76	94.14	91.14	88.8	85.08
EBIT / Interest Expense	3.01	3.87	13.27	12.5	5.67
EBITDA / Interest Expense