Cash flow AP Moller Maersk

Equities

MAERSK B

DK0010244508

Marine Freight & Logistics

Real-time Estimate Cboe Europe Other stock markets 08:40:25 2024-09-16 am EDT			5-day change	1st Jan Change
10,080.00 ^DKK	-1.18%		+4.88%	-17.22%

Sep. 13	Freight forwarder DSV buys Deutsche Bahn's Schenker for $15.9 billion	RE
Sep. 11	European firms doubt China has credible plan to turn economy around, lobby group warns	RE

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Published financial data: AP MOLLER MAERSK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	38.89B	39.74B	61.79B	81.53B	51.06B
Total Revenues	38.89B	39.74B	61.79B	81.53B	51.06B
Cost of Goods Sold, Total	33.04B	31.68B	37.74B	44.8B	41.43B
Gross Profit	5.85B	8.06B	24.05B	36.73B	9.64B
Exploration / Drilling Costs, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	4.22B	4.44B	4.59B	5.96B	6.24B
Other Operating Expenses, Total	4.22B	4.44B	4.59B	5.96B	6.24B
Operating Income	1.63B	3.62B	19.46B	30.76B	3.4B
Interest Expense, Total	-919M	-732M	-900M	-995M	-792M
Interest And Investment Income	104M	64M	53M	436M	1.25B
Net Interest Expenses	-815M	-668M	-847M	-559M	455M
Income (Loss) On Equity Invest.	229M	299M	486M	132M	435M
Currency Exchange Gains (Loss)	105M	-41M	-153M	-266M	-33M
Other Non Operating Income (Expenses)	-84M	153M	87M	362M	50M
EBT, Excl. Unusual Items	1.06B	3.36B	19.03B	30.43B	4.31B
Restructuring Charges	-92M	-120M	-1M	-43M	-148M
Merger & Related Restructuring Charges	-	-	-12M	-36M	-
Impairment of Goodwill	-35M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	71M	202M	96M	101M	523M
Asset Writedown	-29M	-101M	-352M	-222M	-377M
Other Unusual Items	-12M	-33M	-34M	-	56M
EBT, Incl. Unusual Items	967M	3.31B	18.73B	30.23B	4.36B
Income Tax Expense	458M	407M	697M	910M	454M
Earnings From Continuing Operations	509M	2.9B	18.03B	29.32B	3.91B
Earnings Of Discontinued Operations	-553M	-	-	-	-
Net Income to Company	-44M	2.9B	18.03B	29.32B	3.91B
Minority Interest	-40M	-50M	-91M	-123M	-86M
Net Income - (IS)	-84M	2.85B	17.94B	29.2B	3.82B
Net Income to Common Incl Extra Items	-84M	2.85B	17.94B	29.2B	3.82B
Net Income to Common Excl. Extra Items	469M	2.85B	17.94B	29.2B	3.82B
Per Share Items
Net EPS - Basic	-4.09	145.18	940.85	1.6K	226.89
Basic EPS - Continuing Operations	22.83	145.18	940.85	1.6K	226.89
Basic Weighted Average Shares Outstanding	20.54M	19.63M	19.07M	18.25M	16.85M
Net EPS - Diluted	-4.09	145	938	1.6K	226.89
Diluted EPS - Continuing Operations	22.83	145	938	1.6K	226.89
Diluted Weighted Average Shares Outstanding	20.54M	19.66M	19.13M	18.31M	16.87M
Normalized Basic EPS	30.43	104.4	619.01	1.04K	154.73
Normalized Diluted EPS	30.43	104.27	617.06	1.03K	154.47
Dividend Per Share	22	55	381	287.36	76.37
Payout Ratio	-558.33	15.09	5.67	23.45	284.56
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	4.46B	6.58B	22.07B	33.64B	6.39B
EBITA	1.83B	3.85B	19.74B	31.13B	3.78B
EBIT	1.63B	3.62B	19.46B	30.76B	3.4B
EBITDAR	5.96B	7.88B	23.69B	35.18B	7.77B
Effective Tax Rate - (Ratio)	47.36	12.31	3.72	3.01	10.41
Total Current Taxes	368M	259M	669M	803M	361M
Total Deferred Taxes	9M	54M	-110M	-93M	-42M
Normalized Net Income	625M	2.05B	11.8B	18.9B	2.61B
Interest Capitalized	23M	7M	5M	49M	133M
Interest on Long-Term Debt	-	468M	459M	518M	563M
Non-Cash Pension Expense	31M	29M	21M	35M	63M
Supplemental Operating Expense Items
Exploration/Drilling Costs	-	-	-	-	-
Net Rental Expense, Total	1.5B	1.3B	1.62B	1.54B	1.38B
Imputed Operating Lease Interest Expense	790M	478M	764M	830M	671M
Imputed Operating Lease Depreciation	712M	822M	856M	709M	709M
Stock-Based Comp., COGS (Total)	1M	2M	3M	8M	2M
Stock-Based Comp., Other (Total)	9M	9M	14M	18M	4M
Total Stock-Based Compensation	10M	11M	17M	26M	6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.77B	5.86B	11.83B	10.06B	6.7B
Short Term Investments	2M	1M	3M	942M	-
Total Cash And Short Term Investments	4.77B	5.87B	11.84B	11B	6.7B
Accounts Receivable, Total	3.53B	3.63B	5.4B	6.97B	4.88B
Other Receivables	1.02B	1.11B	995M	1.32B	1.74B
Notes Receivable	239M	91M	5.13B	17.65B	12.84B
Total Receivables	4.79B	4.83B	11.53B	25.95B	19.47B
Inventory	1.43B	1.05B	1.46B	1.6B	1.66B
Prepaid Expenses	520M	464M	542M	1.24B	1.27B
Other Current Assets, Total	192M	525M	439M	267M	1.93B
Total Current Assets	11.7B	12.74B	25.8B	40.06B	31.02B
Gross Property Plant And Equipment	61.08B	61.65B	66.83B	70.17B	65.21B
Accumulated Depreciation	-25.11B	-26.84B	-29.62B	-31.01B	-28.48B
Net Property Plant And Equipment	35.98B	34.8B	37.21B	39.16B	36.73B
Long-term Investments	2.22B	2.32B	2.74B	2.4B	2.15B
Goodwill	637M	968M	1.56B	5.2B	5.16B
Other Intangibles, Total	3.58B	4.18B	4.21B	5.58B	4.96B
Loans Receivable Long-Term	160M	136M	12M	25M	112M
Deferred Tax Assets Long-Term	237M	249M	356M	399M	343M
Other Long-Term Assets, Total	888M	729M	384M	852M	1.62B
Total Assets	55.4B	56.12B	72.27B	93.68B	82.1B
Liabilities
Accounts Payable, Total	5.57B	5.16B	6.24B	6.8B	6.4B
Current Portion of Long-Term Debt	721M	758M	469M	255M	197M
Current Portion of Leases	1.28B	1.39B	2.4B	3.03B	2.65B
Current Income Taxes Payable	307M	305M	424M	569M	442M
Unearned Revenue Current, Total	168M	121M	110M	102M	90M
Other Current Liabilities	1.79B	2.32B	2.45B	2.56B	2.61B
Total Current Liabilities	9.84B	10.05B	12.09B	13.32B	12.39B
Long-Term Debt	7.46B	5.87B	4.32B	3.77B	4.17B
Long-Term Leases	7.3B	7.36B	8.15B	8.58B	7.8B
Pension & Other Post Retirement Benefits	272M	297M	215M	191M	191M
Deferred Tax Liability Non Current	362M	525M	520M	883M	766M
Other Non Current Liabilities	1.34B	1.16B	1.39B	1.9B	1.7B
Total Liabilities	26.56B	25.26B	26.68B	28.65B	27.01B
Common Stock, Total	3.77B	3.63B	3.51B	3.39B	3.19B
Retained Earnings	25.12B	26.7B	41.79B	61.65B	51.82B
Comprehensive Income and Other	-793M	-480M	-792M	-1.05B	-978M
Total Common Equity	28.1B	29.85B	44.51B	63.99B	54.03B
Minority Interest	739M	1B	1.08B	1.04B	1.06B
Total Equity	28.84B	30.85B	45.59B	65.03B	55.09B
Total Liabilities And Equity	55.4B	56.12B	72.27B	93.68B	82.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.09M	19.41M	18.71M	17.62M	15.98M
ECS Total Common Shares Outstanding	20.09M	19.41M	18.71M	17.62M	15.98M
Book Value / Share	1.4K	1.54K	2.38K	3.63K	3.38K
Tangible Book Value	23.88B	24.7B	38.74B	53.21B	43.91B
Tangible Book Value Per Share	1.19K	1.27K	2.07K	3.02K	2.75K
Total Debt	16.75B	15.37B	15.34B	15.64B	14.81B
Net Debt	11.98B	9.51B	3.5B	4.64B	8.11B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-202M	-8M	-15M	-9M	51M
Debt Equivalent Oper. Leases	12.02B	10.4B	12.96B	12.31B	11.04B
Minority Interest, Total (Incl. Fin. Div)	739M	1B	1.08B	1.04B	1.06B
Equity Method Investments, Total	2.14B	2.21B	2.42B	2.02B	1.75B
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	-	-	-	-	-
Machinery, Total	44.84B	44.92B	47.8B	48.7B	42.96B
Full Time Employees	83.51K	80K	95K	110K	100K
Accumulated Allowance for Doubtful Accounts (Supple)	215M	170M	205M	265M	226M
Order Backlog	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-84M	2.85B	17.94B	29.2B	3.82B
Depreciation & Amortization - CF	4.02B	4.14B	4.32B	5.6B	5.86B
Amortization of Goodwill and Intangible Assets - (CF)	200M	233M	277M	365M	382M
Depreciation & Amortization, Total	4.22B	4.38B	4.59B	5.96B	6.24B
(Gain) Loss From Sale Of Asset	-71M	-202M	-96M	-101M	-523M
Asset Writedown & Restructuring Costs	64M	101M	352M	226M	377M
(Income) Loss On Equity Investments - (CF)	-229M	-299M	-486M	-132M	-435M
Net Cash From Discontinued Operations	-372M	62M	-	-	-
Other Operating Activities, Total	1.47B	1.02B	1.21B	971M	-403M
Change In Accounts Receivable	195M	-115M	-1.91B	-1.02B	1.87B
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	351M	34M	414M	-628M	-1.3B
Cash from Operations	5.55B	7.83B	22.02B	34.48B	9.64B
Capital Expenditure	-2.04B	-1.32B	-2.98B	-4.16B	-3.65B
Sale of Property, Plant, and Equipment	186M	435M	205M	303M	601M
Cash Acquisitions	-44M	-425M	-815M	-4.77B	-140M
Divestitures	-40M	36M	3M	2M	953M
Investment in Marketable and Equity Securities, Total	2.51B	75M	-5.04B	-13.31B	6B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	297M	177M	282M	327M	305M
Cash from Investing	874M	-1.02B	-8.34B	-21.62B	4.08B
Long-Term Debt Issued, Total	1.08B	1.3B	563M	83M	845M
Total Debt Issued	1.08B	1.3B	563M	83M	845M
Long-Term Debt Repaid, Total	-3.82B	-4.87B	-4.78B	-3.88B	-3.89B
Total Debt Repaid	-3.82B	-4.87B	-4.78B	-3.88B	-3.89B
Issuance of Common Stock	-	30M	22M	31M	24M
Repurchase of Common Stock	-791M	-806M	-1.96B	-2.74B	-3.12B
Common Dividends Paid	-469M	-430M	-1.02B	-6.85B	-10.88B
Common & Preferred Stock Dividends Paid	-469M	-430M	-1.02B	-6.85B	-10.88B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-793M	-842M	-736M	-784M	208M
Cash from Financing	-4.8B	-5.62B	-7.9B	-14.14B	-16.8B
Foreign Exchange Rate Adjustments	-12M	-80M	-79M	-249M	-223M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	1.61B	1.11B	5.7B	-1.53B	-3.31B
Supplemental Items
Cash Interest Paid	827M	852M	774M	989M	796M
Cash Income Tax Paid (Refund)	501M	424M	582M	801M	681M
Levered Free Cash Flow	6.8B	5B	7.46B	6.14B	8.48B
Unlevered Free Cash Flow	7.38B	5.46B	8.02B	6.76B	8.98B
Change In Net Working Capital	-4.16B	-133M	5.78B	14.29B	-4.25B
Net Debt Issued / Repaid	-2.75B	-3.57B	-4.21B	-3.8B	-3.04B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.82	4.05	18.95	23.17	2.42
Return on Total Capital	2.24	4.92	22.7	27.16	2.82
Return On Equity %	1.64	9.72	47.18	53.01	6.51
Return on Common Equity	1.55	9.84	48.26	53.82	6.48
Margin Analysis
Gross Profit Margin %	15.05	20.27	38.93	45.05	18.88
EBITDA Margin %	11.46	16.56	35.73	41.27	12.51
EBITA Margin %	4.7	9.69	31.94	38.18	7.41
EBIT Margin %	4.19	9.1	31.5	37.73	6.66
Income From Continuing Operations Margin %	1.31	7.3	29.19	35.96	7.65
Net Income Margin %	-0.22	7.17	29.04	35.81	7.48
Net Avail. For Common Margin %	1.21	7.17	29.04	35.81	7.48
Normalized Net Income Margin	1.61	5.16	19.11	23.18	5.1
Levered Free Cash Flow Margin	17.49	12.59	12.07	7.53	16.61
Unlevered Free Cash Flow Margin	18.97	13.74	12.98	8.29	17.58
Asset Turnover
Asset Turnover	0.69	0.71	0.96	0.98	0.58
Fixed Assets Turnover	1.16	1.12	1.72	2.14	1.35
Receivables Turnover (Average Receivables)	10.59	11.09	13.67	13.18	8.62
Inventory Turnover (Average Inventory)	26.4	25.56	30.12	29.27	25.4
Short Term Liquidity
Current Ratio	1.19	1.27	2.13	3.01	2.5
Quick Ratio