Cash flow Alstom

Equities

ALO

FR0010220475

Heavy Machinery & Vehicles

Market Closed - Euronext Paris Other stock markets 11:38:55 2024-12-06 am EST			5-day change	1st Jan Change
21.55 ^EUR	-0.19%		+1.22%	+76.93%

Dec. 06	ALSTOM : Buy rating from JP Morgan	ZD
Dec. 05	ALSTOM : Deutsche Bank keeps its Buy rating	ZD

e95f8c433c9b056df.0NtNRrDJlzDagPJ0Z8AgzenZM0QnKmoCOdR_Fh8FJAo.tZU9A4SIx3--6KI_Iqh3_76fBTF2Zl9vcYEHQk40F1ibkysH3Y75e5HWsw

Published financial data: ALSTOM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	8.2B	8.78B	15.47B	16.51B	17.62B
Total Revenues	8.2B	8.78B	15.47B	16.51B	17.62B
Cost of Goods Sold, Total	6.72B	7.4B	13.75B	14.54B	15.41B
Gross Profit	1.48B	1.38B	1.72B	1.97B	2.21B
Selling General & Admin Expenses, Total	602M	650M	1.02B	1.12B	1.14B
R&D Expenses	302M	318M	604M	580M	609M
Other Operating Expenses, Total	904M	968M	1.62B	1.7B	1.75B
Operating Income	581M	417M	103M	264M	465M
Interest Expense, Total	-57M	-32M	-37M	-62M	-180M
Interest And Investment Income	5M	4M	20M	10M	27M
Net Interest Expenses	-52M	-28M	-17M	-52M	-153M
Income (Loss) On Equity Invest.	102M	83M	-347M	112M	-17M
Currency Exchange Gains (Loss)	-17M	-3M	40M	26M	20M
Other Non Operating Income (Expenses)	4M	-20M	-26M	-51M	-76M
EBT, Excl. Unusual Items	618M	449M	-247M	299M	239M
Restructuring Charges	-18M	-14M	-138M	-94M	-177M
Merger & Related Restructuring Charges	-15M	-102M	-94M	-224M	-260M
Gain (Loss) On Sale Of Assets	2M	-2M	-	-30M	-
Asset Writedown	-10M	11M	-15M	-	-
Legal Settlements	31M	-8M	-8M	-	-
Other Unusual Items	-37M	-19M	-26M	-21M	-73M
EBT, Incl. Unusual Items	571M	315M	-528M	-70M	-271M
Income Tax Expense	118M	63M	27M	34M	6M
Earnings From Continuing Operations	453M	252M	-555M	-104M	-277M
Earnings Of Discontinued Operations	21M	7M	-5M	-4M	-2M
Net Income to Company	474M	259M	-560M	-108M	-279M
Minority Interest	-7M	-12M	-21M	-24M	-30M
Net Income - (IS)	467M	247M	-581M	-132M	-309M
Net Income to Common Incl Extra Items	467M	247M	-581M	-132M	-309M
Net Income to Common Excl. Extra Items	446M	240M	-576M	-128M	-307M
Per Share Items
Net EPS - Basic	2.08	0.94	-1.56	-0.35	-0.81
Basic EPS - Continuing Operations	1.99	0.92	-1.55	-0.34	-0.8
Basic Weighted Average Shares Outstanding	224M	262M	373M	376M	383M
Net EPS - Diluted	2.06	0.94	-1.56	-0.35	-0.81
Diluted EPS - Continuing Operations	1.97	0.91	-1.55	-0.34	-0.8
Diluted Weighted Average Shares Outstanding	227M	264M	373M	378M	383M
Normalized Basic EPS	1.69	1.02	-0.47	0.43	0.31
Normalized Diluted EPS	1.67	1.02	-0.47	0.43	0.31
Dividend Per Share	-	0.25	0.25	0.25	-
Payout Ratio	264.24	-	-7.75	-32.58	-19.74
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	726M	617M	773M	937M	1.06B
EBITA	608M	491M	539M	652M	825M
EBIT	581M	417M	103M	264M	465M
Effective Tax Rate - (Ratio)	20.67	20	-5.11	-48.57	-2.21
Total Current Taxes	61M	135M	74M	170M	110M
Total Deferred Taxes	57M	-72M	-47M	-136M	-104M
Normalized Net Income	379M	269M	-175M	163M	119M
Interest on Long-Term Debt	9M	9M	10M	14M	21M
Non-Cash Pension Expense	6M	18M	32M	15M	38M
Supplemental Operating Expense Items
Selling and Marketing Expenses	223M	230M	354M	375M	383M
General and Administrative Expenses	368M	403M	642M	721M	725M
Research And Development Expense From Footnotes	419M	409M	686M	683M	732M
Stock-Based Comp., Other (Total)	25M	10M	42M	66M	19M
Total Stock-Based Compensation	25M	10M	42M	66M	19M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.18B	1.25B	810M	826M	976M
Total Cash And Short Term Investments	2.18B	1.25B	810M	826M	976M
Accounts Receivable, Total	3.21B	4.99B	6.56B	7.18B	7.92B
Other Receivables	620M	887M	1B	992M	1.15B
Total Receivables	3.83B	5.88B	7.57B	8.17B	9.07B
Inventory	1.74B	2.96B	3.27B	3.73B	3.82B
Prepaid Expenses	55M	113M	110M	153M	138M
Other Current Assets, Total	577M	1.3B	1.48B	1.67B	3.01B
Total Current Assets	8.38B	11.5B	13.24B	14.55B	17.01B
Gross Property Plant And Equipment	2.81B	5.27B	5.6B	5.76B	6.34B
Accumulated Depreciation	-1.44B	-2.72B	-3.04B	-3.28B	-3.49B
Net Property Plant And Equipment	1.37B	2.55B	2.55B	2.48B	2.85B
Long-term Investments	753M	1.54B	1.26B	1.21B	956M
Goodwill	1.57B	9.2B	9.37B	9.38B	9.09B
Other Intangibles, Total	163M	2.48B	2.62B	2.18B	1.76B
Loans Receivable Long-Term	56M	270M	498M	450M	399M
Deferred Tax Assets Long-Term	234M	541M	452M	596M	673M
Deferred Charges Long-Term	307M	322M	382M	429M	507M
Other Long-Term Assets, Total	177M	165M	146M	119M	-
Total Assets	13.01B	28.57B	30.52B	31.4B	33.25B
Liabilities
Accounts Payable, Total	1.65B	3.62B	3.65B	3.94B	3.73B
Accrued Expenses, Total	668M	1.04B	1.25B	1.78B	1.65B
Current Portion of Long-Term Debt	270M	526M	313M	396M	1.32B
Current Portion of Leases	131M	161M	143M	144M	174M
Current Income Taxes Payable	93M	310M	275M	268M	213M
Unearned Revenue Current, Total	3.16B	5.47B	6.16B	6.78B	8B
Other Current Liabilities	1.8B	4.33B	4.71B	4.33B	4.64B
Total Current Liabilities	7.78B	15.45B	16.5B	17.64B	19.73B
Long-Term Debt	772M	1.65B	2.66B	2.66B	2.69B
Long-Term Leases	465M	590M	566M	501M	471M
Pension & Other Post Retirement Benefits	491M	1.36B	1.2B	923M	946M
Deferred Tax Liability Non Current	17M	108M	127M	128M	91M
Other Non Current Liabilities	160M	295M	437M	442M	539M
Total Liabilities	9.68B	19.45B	21.49B	22.29B	24.48B
Common Stock, Total	1.58B	2.6B	2.61B	2.66B	2.69B
Additional Paid In Capital	980M	5.32B	5.35B	5.44B	5.49B
Retained Earnings	1.61B	1.91B	1.24B	1.13B	741M
Comprehensive Income and Other	-900M	-782M	-293M	-245M	-245M
Total Common Equity	3.27B	9.04B	8.91B	9B	8.67B
Minority Interest	57M	78M	113M	105M	106M
Total Equity	3.33B	9.12B	9.02B	9.1B	8.78B
Total Liabilities And Equity	13.01B	28.57B	30.52B	31.4B	33.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	226M	371M	373M	380M	384M
ECS Total Common Shares Outstanding	226M	371M	373M	380M	384M
Book Value / Share	14.48	24.35	23.87	23.65	22.57
Tangible Book Value	1.54B	-2.64B	-3.08B	-2.56B	-2.18B
Tangible Book Value Per Share	6.82	-7.11	-8.24	-6.73	-5.68
Total Debt	1.64B	2.93B	3.68B	3.7B	4.66B
Net Debt	-537M	1.68B	2.88B	2.87B	3.68B
Debt Equivalent of Unfunded Proj. Benefit Obligation	491M	1.19B	812M	513M	623M
Minority Interest, Total (Incl. Fin. Div)	57M	78M	113M	105M	106M
Equity Method Investments, Total	693M	1.47B	1.18B	1.13B	882M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.1B	1.89B	2.35B	2.64B	2.82B
Inventories - Work In Process, Total	692M	1.15B	1.27B	1.32B	1.05B
Inventories - Finished Goods, Total	146M	142M	141M	174M	190M
Land - (BS)	89M	267M	270M	272M	275M
Buildings, Total	982M	1.91B	2.01B	2.05B	2.17B
Machinery, Total	1.08B	2.18B	2.29B	2.35B	2.43B
Full Time Employees	35.32K	67.19K	69.32K	74.51K	78.68K
Accumulated Allowance for Doubtful Accounts (Supple)	29M	82M	70M	55M	34M
Order Backlog	40.9B	74.54B	81.01B	87.39B	91.9B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	467M	247M	-581M	-132M	-309M
Depreciation & Amortization - CF	210M	225M	373M	417M	376M
Amortization of Goodwill and Intangible Assets - (CF)	27M	74M	436M	388M	360M
Depreciation & Amortization, Total	237M	299M	809M	805M	736M
Amortization of Deferred Charges, Total - (CF)	56M	92M	67M	81M	100M
(Gain) Loss From Sale Of Asset	-2M	-11M	-1M	28M	-1M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-22M	-27M	446M	2M	327M
Stock-Based Compensation (CF)	25M	10M	42M	66M	19M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	42M	-80M	-10M	-77M	-113M
Change in Other Net Operating Assets	-327M	-985M	-1.35B	-167M	-841M
Cash from Operations	476M	-455M	-577M	606M	-82M
Capital Expenditure	-274M	-265M	-428M	-431M	-485M
Sale of Property, Plant, and Equipment	4M	17M	13M	24M	8M
Cash Acquisitions	-61M	-1.7B	-63M	-30M	-31M
Divestitures	-30M	-8M	-4M	-65M	73M
Other Investing Activities, Total	-7M	12M	39M	24M	4M
Cash from Investing	-368M	-1.94B	-443M	-478M	-431M
Long-Term Debt Issued, Total	810M	750M	1.2B	56M	877M
Total Debt Issued	810M	750M	1.2B	56M	877M
Long-Term Debt Repaid, Total	-982M	-1.2B	-567M	-150M	-160M
Total Debt Repaid	-982M	-1.2B	-567M	-150M	-160M
Issuance of Common Stock	60M	1.97B	2M	90M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.23B	-	-45M	-43M	-61M
Common & Preferred Stock Dividends Paid	-1.23B	-	-45M	-43M	-61M
Other Financing Activities, Total	-11M	-61M	-32M	-14M	40M
Cash from Financing	-1.36B	1.46B	558M	-61M	696M
Foreign Exchange Rate Adjustments	-11M	21M	19M	-53M	-33M
Miscellaneous Cash Flow Adjustments	3M	-5M	3M	2M	0
Net Change in Cash	-1.26B	-925M	-440M	16M	150M
Supplemental Items
Cash Income Tax Paid (Refund)	102M	94M	141M	130M	188M
Levered Free Cash Flow	172M	3.72B	-373M	417M	-620M
Unlevered Free Cash Flow	208M	3.74B	-350M	456M	-507M
Change In Net Working Capital	199M	-3.34B	904M	230M	1.17B
Net Debt Issued / Repaid	-172M	-449M	633M	-94M	717M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.75	1.25	0.22	0.53	0.9
Return on Total Capital	6.95	3.06	0.52	1.29	2.22
Return On Equity %	12.1	4.05	-6.12	-1.15	-3.1
Return on Common Equity	12.12	3.9	-6.42	-1.43	-3.48
Margin Analysis
Gross Profit Margin %	18.11	15.77	11.15	11.91	12.56
SG&A Margin	7.34	7.4	6.58	6.8	6.46
EBITDA Margin %	8.85	7.02	5	5.68	5.99
EBITA Margin %	7.41	5.59	3.48	3.95	4.68
EBIT Margin %	7.08	4.75	0.67	1.6	2.64
Income From Continuing Operations Margin %	5.52	2.87	-3.59	-0.63	-1.57
Net Income Margin %	5.69	2.81	-3.76	-0.8	-1.75
Net Avail. For Common Margin %	5.44	2.73	-3.72	-0.78	-1.74
Normalized Net Income Margin	4.62	3.06	-1.13	0.99	0.68
Levered Free Cash Flow Margin	2.1	42.34	-2.41	2.53	-3.52
Unlevered Free Cash Flow Margin	2.54	42.57	-2.26	2.76	-2.88
Asset Turnover
Asset Turnover	0.62	0.42	0.52	0.53	0.55
Fixed Assets Turnover	7.06	4.48	6.07	6.56	6.46
Receivables Turnover (Average Receivables)	2.61	2.14	2.68	2.4	2.33
Inventory Turnover (Average Inventory)	4.1	3.15	4.41	4.15	4.08
Short Term Liquidity
Current Ratio	1.08	0.74	0.8	0.82	0.86
Quick Ratio	0.77	0.46	0.51	0.51	0.51
Operating Cash Flow to Current Liabilities	0.06	-0.03	-0.03	0.03	-0
Days Sales Outstanding (Average Receivables)	140.47	170.31	136.28	151.95	156.81
Days Outstanding Inventory (Average Inventory)	89.27	116.04	82.79	87.89	89.65
Average Days Payable Outstanding	89.94	111.55	94.27	92.37	90.61
Cash Conversion Cycle (Average Days)	139.79	174.8	124.8	147.48	155.84
Long Term Solvency
Total Debt/Equity	49.22	32.12	40.84	40.63	53.03
Total Debt / Total Capital	32.98	24.31	29	28.89	34.65
LT Debt/Equity	37.17	24.58	35.78	34.7	36.06
Long-Term Debt / Total Capital	24.91	18.61	25.41	24.67	23.56
Total Liabilities / Total Assets	74.42	68.08	70.43	71.01	73.6
EBIT / Interest Expense	10.19	13.03	2.78	4.26	2.58
EBITDA / Interest Expense	14.35	22.38	24.65	17.24	6.67
(EBITDA - Capex) / Interest Expense	9.54	14.09	13.08	10.29	3.98
Total Debt / EBITDA	2	4.09	4.04	3.46	3.88
Net Debt / EBITDA	-0.66	2.34	3.15	2.69	3.06
Total Debt / (EBITDA - Capex)	3.01	6.49	7.61	5.8	6.5
Net Debt / (EBITDA - Capex)	-0.99	3.72	5.94	4.5	5.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.6	7.12	76.11	6.7	6.74
Gross Profit, 1 Yr. Growth %	3.77	-5.2	24.55	13.97	12.56
EBITDA, 1 Yr. Growth %	4.76	-12.11	25.28	21.37	12.7
EBITA, 1 Yr. Growth %	3.58	-15.92	9.78	20.96	26.53
<