Cash flow Alstom

Equities

ALO

FR0010220475

Heavy Machinery & Vehicles

Real-time Euronext Paris Other stock markets 07:32:57 2025-12-16 am EST			5-day change	1st Jan Change
24.47 ^EUR	-0.89%		+2.26%	+13.50%

Dec. 15	GTT Group Appoints François Michel as Chief Executive Officer, Effective January 5, 2026	CI
Dec. 10	ALSTOM : Goldman Sachs reiterates its Sell rating	ZD

491f95467de8b80633a4eb4e37cdb0f.3oePLcXarQtQFK2ie5dOrhmKv2mipYwD0DB12NqevWI.tsPNZ4OQynogWOCSLNA3m2Hf_DbY7sJthkcjoJ_vizGJ1d5A97aVWmR73g

Published financial data: ALSTOM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	8.78B	15.47B	16.51B	17.62B	18.49B
Total Revenues	8.78B	15.47B	16.51B	17.62B	18.49B
Cost of Goods Sold, Total	7.4B	13.75B	14.54B	15.41B	16.18B
Gross Profit	1.38B	1.72B	1.97B	2.21B	2.3B
Selling General & Admin Expenses, Total	650M	1.02B	1.12B	1.14B	1.1B
R&D Expenses	318M	604M	580M	609M	581M
Other Operating Expenses, Total	968M	1.62B	1.7B	1.75B	1.68B
Operating Income	417M	103M	264M	465M	628M
Interest Expense, Total	-32M	-37M	-62M	-180M	-102M
Interest And Investment Income	4M	20M	10M	27M	38M
Net Interest Expenses	-28M	-17M	-52M	-153M	-64M
Income (Loss) On Equity Invest.	83M	-347M	112M	-17M	116M
Currency Exchange Gains (Loss)	-3M	40M	26M	20M	-10M
Other Non Operating Income (Expenses)	-20M	-26M	-51M	-76M	-107M
EBT, Excl. Unusual Items	449M	-247M	299M	239M	563M
Restructuring Charges	-14M	-138M	-94M	-177M	-16M
Merger & Related Restructuring Charges	-102M	-94M	-224M	-260M	-97M
Gain (Loss) On Sale Of Assets	-2M	-	-30M	-	20M
Asset Writedown	11M	-15M	-	-	-2M
Legal Settlements	-8M	-8M	-	-	-37M
Other Unusual Items	-19M	-26M	-21M	-73M	-66M
EBT, Incl. Unusual Items	315M	-528M	-70M	-271M	365M
Income Tax Expense	63M	27M	34M	6M	182M
Earnings From Continuing Operations	252M	-555M	-104M	-277M	183M
Earnings Of Discontinued Operations	7M	-5M	-4M	-2M	-4M
Net Income to Company	259M	-560M	-108M	-279M	179M
Minority Interest	-12M	-21M	-24M	-30M	-30M
Net Income - (IS)	247M	-581M	-132M	-309M	149M
Preferred Dividend and Other Adjustments	-	-	-	-	11M
Net Income to Common Incl Extra Items	247M	-581M	-132M	-309M	138M
Net Income to Common Excl. Extra Items	240M	-576M	-128M	-307M	142M
Per Share Items
Net EPS - Basic	0.94	-1.56	-0.35	-0.81	0.31
Basic EPS - Continuing Operations	0.92	-1.55	-0.34	-0.8	0.32
Basic Weighted Average Shares Outstanding	262M	373M	376M	383M	449M
Net EPS - Diluted	0.94	-1.56	-0.35	-0.81	0.3
Diluted EPS - Continuing Operations	0.91	-1.55	-0.34	-0.8	0.31
Diluted Weighted Average Shares Outstanding	264M	373M	378M	383M	452M
Normalized Basic EPS	1.02	-0.47	0.43	0.31	0.72
Normalized Diluted EPS	1.02	-0.47	0.43	0.31	0.71
Dividend Per Share	0.25	0.25	0.25	-	-
Payout Ratio	-	-7.75	-32.58	-19.74	7.38
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	617M	773M	937M	1.06B	1.25B
EBITA	491M	539M	652M	825M	976M
EBIT	417M	103M	264M	465M	628M
Effective Tax Rate - (Ratio)	20	-5.11	-48.57	-2.21	49.86
Total Current Taxes	135M	74M	170M	110M	219M
Total Deferred Taxes	-72M	-47M	-136M	-104M	-37M
Normalized Net Income	269M	-175M	163M	119M	322M
Interest on Long-Term Debt	9M	10M	14M	21M	32M
Non-Cash Pension Expense	18M	32M	15M	38M	47M
Supplemental Operating Expense Items
Selling and Marketing Expenses	230M	354M	375M	383M	363M
General and Administrative Expenses	403M	642M	721M	725M	699M
Research And Development Expense From Footnotes	409M	686M	683M	732M	687M
Stock-Based Comp., Other (Total)	10M	42M	66M	19M	20M
Total Stock-Based Compensation	10M	42M	66M	19M	20M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.25B	810M	826M	976M	2.27B
Total Cash And Short Term Investments	1.25B	810M	826M	976M	2.27B
Accounts Receivable, Total	4.99B	6.56B	7.18B	7.92B	8.74B
Other Receivables	887M	1B	992M	1.15B	1.26B
Total Receivables	5.88B	7.57B	8.17B	9.07B	10B
Inventory	2.96B	3.27B	3.73B	3.82B	4.15B
Prepaid Expenses	113M	110M	153M	138M	171M
Other Current Assets, Total	1.3B	1.48B	1.67B	3.01B	2.01B
Total Current Assets	11.5B	13.24B	14.55B	17.01B	18.61B
Gross Property Plant And Equipment	5.27B	5.6B	5.76B	6.34B	6.45B
Accumulated Depreciation	-2.72B	-3.04B	-3.28B	-3.49B	-3.65B
Net Property Plant And Equipment	2.55B	2.55B	2.48B	2.85B	2.79B
Long-term Investments	1.54B	1.26B	1.21B	956M	926M
Goodwill	9.2B	9.37B	9.38B	9.09B	9.12B
Other Intangibles, Total	2.48B	2.62B	2.18B	1.76B	1.98B
Loans Receivable Long-Term	270M	498M	450M	399M	465M
Deferred Tax Assets Long-Term	541M	452M	596M	673M	689M
Deferred Charges Long-Term	322M	382M	429M	507M	-
Other Long-Term Assets, Total	165M	146M	119M	-	-
Total Assets	28.57B	30.52B	31.4B	33.25B	34.59B
Liabilities
Accounts Payable, Total	3.62B	3.65B	3.94B	3.73B	3.97B
Accrued Expenses, Total	1.04B	1.25B	1.78B	1.65B	1.79B
Current Portion of Long-Term Debt	526M	313M	396M	1.32B	87M
Current Portion of Leases	161M	143M	144M	174M	187M
Current Income Taxes Payable	310M	275M	268M	213M	247M
Unearned Revenue Current, Total	5.47B	6.16B	6.78B	8B	8.88B
Other Current Liabilities	4.33B	4.71B	4.33B	4.64B	4.08B
Total Current Liabilities	15.45B	16.5B	17.64B	19.73B	19.25B
Long-Term Debt	1.65B	2.66B	2.66B	2.69B	2.71B
Long-Term Leases	590M	566M	501M	471M	609M
Pension & Other Post Retirement Benefits	1.36B	1.2B	923M	946M	935M
Deferred Tax Liability Non Current	108M	127M	128M	91M	75M
Other Non Current Liabilities	295M	437M	442M	539M	427M
Total Liabilities	19.45B	21.49B	22.29B	24.48B	24.01B
Common Stock, Total	2.6B	2.61B	2.66B	2.69B	3.23B
Additional Paid In Capital	5.32B	5.35B	5.44B	5.49B	5.87B
Retained Earnings	1.91B	1.24B	1.13B	741M	870M
Comprehensive Income and Other	-782M	-293M	-245M	-245M	494M
Total Common Equity	9.04B	8.91B	9B	8.67B	10.46B
Minority Interest	78M	113M	105M	106M	113M
Total Equity	9.12B	9.02B	9.1B	8.78B	10.58B
Total Liabilities And Equity	28.57B	30.52B	31.4B	33.25B	34.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	371M	373M	380M	384M	462M
ECS Total Common Shares Outstanding	371M	373M	380M	384M	462M
Book Value / Share	24.35	23.87	23.65	22.57	21.05
Tangible Book Value	-2.64B	-3.08B	-2.56B	-2.18B	-634M
Tangible Book Value Per Share	-7.11	-8.24	-6.73	-5.68	-3
Total Debt	2.93B	3.68B	3.7B	4.66B	3.59B
Net Debt	1.68B	2.88B	2.87B	3.68B	1.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19B	812M	513M	623M	630M
Minority Interest, Total (Incl. Fin. Div)	78M	113M	105M	106M	113M
Equity Method Investments, Total	1.47B	1.18B	1.13B	882M	871M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.89B	2.35B	2.64B	2.82B	3.05B
Inventories - Work In Process, Total	1.15B	1.27B	1.32B	1.05B	1.08B
Inventories - Finished Goods, Total	142M	141M	174M	190M	250M
Land - (BS)	267M	270M	272M	275M	266M
Buildings, Total	1.91B	2.01B	2.05B	2.17B	2.25B
Machinery, Total	2.18B	2.29B	2.35B	2.43B	2.44B
Full Time Employees	67.19K	69.32K	74.51K	78.68K	86.04K
Accumulated Allowance for Doubtful Accounts (Supple)	82M	70M	55M	34M	31M
Order Backlog	74.54B	81.01B	87.39B	91.9B	94.96B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	247M	-581M	-132M	-309M	149M
Depreciation & Amortization - CF	225M	373M	417M	376M	445M
Amortization of Goodwill and Intangible Assets - (CF)	74M	436M	388M	360M	348M
Depreciation & Amortization, Total	299M	809M	805M	736M	793M
Amortization of Deferred Charges, Total - (CF)	92M	67M	81M	100M	81M
(Gain) Loss From Sale Of Asset	-11M	-1M	28M	-1M	-18M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-27M	446M	2M	327M	40M
Stock-Based Compensation (CF)	10M	42M	66M	19M	20M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-80M	-10M	-77M	-113M	-6M
Change in Other Net Operating Assets	-985M	-1.35B	-167M	-841M	-87M
Cash from Operations	-455M	-577M	606M	-82M	972M
Capital Expenditure	-265M	-428M	-431M	-485M	-482M
Sale of Property, Plant, and Equipment	17M	13M	24M	8M	12M
Cash Acquisitions	-1.7B	-63M	-30M	-31M	-10M
Divestitures	-8M	-4M	-65M	73M	595M
Other Investing Activities, Total	12M	39M	24M	4M	8M
Cash from Investing	-1.94B	-443M	-478M	-431M	123M
Long-Term Debt Issued, Total	750M	1.2B	56M	877M	-
Total Debt Issued	750M	1.2B	56M	877M	-
Long-Term Debt Repaid, Total	-1.2B	-567M	-150M	-160M	-1.43B
Total Debt Repaid	-1.2B	-567M	-150M	-160M	-1.43B
Issuance of Common Stock	1.97B	2M	90M	-	1.72B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-45M	-43M	-61M	-11M
Common & Preferred Stock Dividends Paid	-	-45M	-43M	-61M	-11M
Other Financing Activities, Total	-61M	-32M	-14M	40M	-38M
Cash from Financing	1.46B	558M	-61M	696M	244M
Foreign Exchange Rate Adjustments	21M	19M	-53M	-33M	-16M
Miscellaneous Cash Flow Adjustments	-5M	3M	2M	0	-25M
Net Change in Cash	-925M	-440M	16M	150M	1.3B
Supplemental Items
Cash Income Tax Paid (Refund)	94M	141M	130M	188M	181M
Levered Free Cash Flow	3.72B	-373M	417M	-620M	1.17B
Unlevered Free Cash Flow	3.74B	-350M	456M	-507M	1.23B
Change In Net Working Capital	-3.34B	904M	230M	1.17B	-430M
Net Debt Issued / Repaid	-449M	633M	-94M	717M	-1.43B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.25	0.22	0.53	0.9	1.16
Return on Total Capital	3.06	0.52	1.29	2.22	2.84
Return On Equity %	4.05	-6.12	-1.15	-3.1	1.89
Return on Common Equity	3.9	-6.42	-1.43	-3.48	1.48
Margin Analysis
Gross Profit Margin %	15.77	11.15	11.91	12.56	12.46
SG&A Margin	7.4	6.58	6.8	6.46	5.92
EBITDA Margin %	7.02	5	5.68	5.99	6.78
EBITA Margin %	5.59	3.48	3.95	4.68	5.28
EBIT Margin %	4.75	0.67	1.6	2.64	3.4
Income From Continuing Operations Margin %	2.87	-3.59	-0.63	-1.57	0.99
Net Income Margin %	2.81	-3.76	-0.8	-1.75	0.81
Net Avail. For Common Margin %	2.73	-3.72	-0.78	-1.74	0.77
Normalized Net Income Margin	3.06	-1.13	0.99	0.68	1.74
Levered Free Cash Flow Margin	42.34	-2.41	2.53	-3.52	6.33
Unlevered Free Cash Flow Margin	42.57	-2.26	2.76	-2.88	6.68
Asset Turnover
Asset Turnover	0.42	0.52	0.53	0.55	0.55
Fixed Assets Turnover	4.48	6.07	6.56	6.46	6.55
Receivables Turnover (Average Receivables)	2.14	2.68	2.4	2.33	2.22
Inventory Turnover (Average Inventory)	3.15	4.41	4.15	4.08	4.06
Short Term Liquidity
Current Ratio	0.74	0.8	0.82	0.86	0.97
Quick Ratio	0.46	0.51	0.51	0.51	0.64
Operating Cash Flow to Current Liabilities	-0.03	-0.03	0.03	-0	0.05
Days Sales Outstanding (Average Receivables)	170.31	136.28	151.95	156.81	164.47
Days Outstanding Inventory (Average Inventory)	116.04	82.79	87.89	89.65	89.86
Average Days Payable Outstanding	111.55	94.27	92.37	90.61	85.11
Cash Conversion Cycle (Average Days)	174.8	124.8	147.48	155.84	169.22
Long Term Solvency
Total Debt/Equity	32.12	40.84	40.63	53.03	33.96
Total Debt / Total Capital	24.31	29	28.89	34.65	25.35
LT Debt/Equity	24.58	35.78	34.7	36.06	31.37
Long-Term Debt / Total Capital	18.61	25.41	24.67	23.56	23.42
Total Liabilities / Total Assets	68.08	70.43	71.01	73.6	69.42
EBIT / Interest Expense	13.03	2.78	4.26	2.58	6.16
EBITDA / Interest Expense	22.38	24.65	17.24	6.67	13.93
(EBITDA - Capex) / Interest Expense	14.09	13.08	10.29	3.98	9.21
Total Debt / EBITDA	4.09	4.04	3.46	3.88	2.53
Net Debt / EBITDA	2.34	3.15	2.69	3.06	0.93
Total Debt / (EBITDA - Capex)	6.49	7.61	5.8	6.5	3.83
Net Debt / (EBITDA - Capex)	3.72	5.94	4.5	5.14	1.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.12	76.11	6.7	6.74	4.94
Gross Profit, 1 Yr. Growth %	-5.2	24.55	13.97	12.56	4.11
EBITDA, 1 Yr. Growth %	-12.11	25.28	21.37	12.7	18.66
EBITA, 1 Yr. Growth %	-15.92	9.78	20.96	26.53	18.3
EBIT, 1 Yr. Growth %	-25.13	-75.3	156.31	76.14	35.05
Earnings From Cont. Operations, 1 Yr. Growth %	-44.37	-320.24	-81.26	166.35	-166.06
Net Income, 1 Yr. Growth %	-47.11	-335.22	-77.28	134.09	-148.22
Normalized Net Income, 1 Yr. Growth %	-26.25	-165.29	-192.87	-26.71	172.49
Diluted EPS Before Extra, 1 Yr. Growth %	-53.81	-269.82	-77.94	135.14	-138.68
Accounts Receivable, 1 Yr. Growth %	55.39	31.62	9.35	10.29	10.43
Inventory, 1 Yr. Growth %	69.94	10.53	13.9	2.39	8.72
Net Property, Plant and Equip., 1 Yr. Growth %	86	0	-2.71	9.77	-2.1
Total Assets, 1 Yr. Growth %	119.6	6.82	2.89	5.91	4.01
Tangible Book Value, 1 Yr. Growth %	-271.25	16.6	-16.8	-14.77	-76.42
Common Equity, 1 Yr. Growth %	176.34	-1.42	0.96	-3.61	20.66
Cash From Operations, 1 Yr. Growth %	-195.59	26.81	-205.03	-113.53	-1.29K
Capital Expenditures, 1 Yr. Growth %	-3.28	61.51	0.7	12.53	-0.62
Levered Free Cash Flow, 1 Yr. Growth %	2.26K	-110.02	-211.94	-248.56	-288.87
Unlevered Free Cash Flow, 1 Yr. Growth %	1.84K	-109.35	-230.43	-211.27	-343.31
Dividend Per Share, 1 Yr. Growth %	-	0	0	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.32	37.35	37.08	6.72	5.83
Gross Profit, 2 Yr. CAGR %	-1.62	8.66	19.14	13.27	8.26
EBITDA, 2 Yr. CAGR %	-5.64	4.94	23.23	16.96	15.64
EBITA, 2 Yr. CAGR %	-8.54	-3.93	15.23	23.72	22.35
EBIT, 2 Yr. CAGR %	-13.78	-57	-20.43	112.48	54.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.75	10.69	-35.76	-29.35	32.65
Net Income, 2 Yr. CAGR %	-39.78	11.54	-26.9	-27.07	6.24
Normalized Net Income, 2 Yr. CAGR %	-19.23	-30.61	-22.13	-17.5	40.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.33	-11.43	-38.8	-27.98	-4.63
Accounts Receivable, 2 Yr. CAGR %	27.16	43.01	19.97	9.82	10.36
Inventory, 2 Yr. CAGR %	39	37.05	12.2	7.99	5.51
Net Property, Plant and Equip., 2 Yr. CAGR %	63.58	36.38	-1.36	5.79	3.66
Total Assets, 2 Yr. CAGR %	45.95	53.16	4.84	4.39	4.96
Tangible Book Value, 2 Yr. CAGR %	6.42	41.31	-1.51	-15.79	-50.24
Common Equity, 2 Yr. CAGR %	48.64	65.05	-0.23	-1.35	7.84
Cash From Operations, 2 Yr. CAGR %	3.47	10.1	15.41	-62.3	26.65
Capital Expenditures, 2 Yr. CAGR %	-1.84	24.98	27.53	6.45	5.75
Levered Free Cash Flow, 2 Yr. CAGR %	17.65	53.84	-66.51	28.96	67.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.22	34.55	-65.08	20.47	64.54
Dividend Per Share, 2 Yr. CAGR %	-78.68	-	0	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.14	24.22	26.26	26.11	6.12
Gross Profit, 3 Yr. CAGR %	4.35	6.43	10.4	16.91	10.13
EBITDA, 3 Yr. CAGR %	7.26	3.71	10.1	19.62	17.52
EBITA, 3 Yr. CAGR %	6.45	-2.8	3.74	18.88	21.89
EBIT, 3 Yr. CAGR %	2.79	-43.16	-22.03	3.7	82.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-7.85	7.64	-38.77	3.2	-30.91
Net Income, 3 Yr. CAGR %	-12.21	-5.16	-34.37	7.75	-36.47
Normalized Net Income, 3 Yr. CAGR %	-4.89	-24.76	-23.53	-23.69	22.44
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.58	-7.14	-44.28	-4.14	-41.46
Accounts Receivable, 3 Yr. CAGR %	19.08	28.63	30.77	16.65	10.03
Inventory, 3 Yr. CAGR %	27.18	28.78	28.85	8.83	8.23
Net Property, Plant and Equip., 3 Yr. CAGR %	44	38.83	21.86	3.83	3.09
Total Assets, 3 Yr. CAGR %	29.2	31.53	34.14	5.19	4.26
Tangible Book Value, 3 Yr. CAGR %	13.54	9.71	18.43	-6.14	-40.94
Common Equity, 3 Yr. CAGR %	38.86	29.63	40.11	-1.37	5.5
Cash From Operations, 3 Yr. CAGR %	2.87	10.73	8.38	-43.51	18.99
Capital Expenditures, 3 Yr. CAGR %	-3.29	15.89	16.3	22.32	4.04
Levered Free Cash Flow, 3 Yr. CAGR %	32.95	-48.24	38.37	-44.97	46.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	34.32	-49.54	33.16	-48.62	52.28
Dividend Per Share, 3 Yr. CAGR %	-10.61	-64.31	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.01	16.19	17.58	16.9	17.65
Gross Profit, 5 Yr. CAGR %	5.36	8.73	10.03	9.11	9.54
EBITDA, 5 Yr. CAGR %	1	8.34	13.38	8.79	12.29
EBITA, 5 Yr. CAGR %	4.34	3.91	9.88	7.04	10.82
EBIT, 5 Yr. CAGR %	3.21	-24.1	-7.22	-3.68	2.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-25.09	18.55	-20.23	-9.05	-16.58
Net Income, 5 Yr. CAGR %	-39.31	14.99	-18.41	-14.62	-20.43
Normalized Net Income, 5 Yr. CAGR %	34.68	-4.52	-12.2	-21.94	-2.44
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.34	9.1	-24.72	-16.12	-30.92
Accounts Receivable, 5 Yr. CAGR %	4.68	7.72	19.43	20.75	22.19
Inventory, 5 Yr. CAGR %	28.85	29.01	20.96	20.02	18.95
Net Property, Plant and Equip., 5 Yr. CAGR %	31.24	27.76	23.78	24.53	15.3
Total Assets, 5 Yr. CAGR %	15.96	16.27	18.84	19.92	21.6
Tangible Book Value, 5 Yr. CAGR %	8.74	9.18	7.26	-1.3	-16.27
Common Equity, 5 Yr. CAGR %	22.48	19.47	21.66	16.21	26.18
Cash From Operations, 5 Yr. CAGR %	-26.75	7.55	7.71	-28.04	15.35
Capital Expenditures, 5 Yr. CAGR %	-12.41	14.24	8.02	12.02	11.96
Levered Free Cash Flow, 5 Yr. CAGR %	-8.7	18.99	-23.41	-25.42	49.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.03	10.67	-21.64	-28.53	44.92
Dividend Per Share, 5 Yr. CAGR %	-	0	-6.51	-	-