Cash flow Arm Holdings plc

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ARM

US0420682058

Semiconductors

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Published financial data: ARM HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	2.7B	2.68B	3.23B	4.01B	4.92B
Total Revenues	2.7B	2.68B	3.23B	4.01B	4.92B
Cost of Goods Sold, Total	131M	106M	154M	121M	121M
Gross Profit	2.57B	2.57B	3.08B	3.89B	4.8B
Selling General & Admin Expenses, Total	897M	722M	1.02B	984M	1.12B
R&D Expenses	995M	1.13B	1.98B	2.07B	2.78B
Other Operating Expenses	-	5.5M	500K	-	-
Other Operating Expenses, Total	1.89B	1.86B	3B	3.06B	3.89B
Operating Income	680M	712M	76.5M	831M	908M
Interest And Investment Income	2M	42M	110M	116M	111M
Net Interest Expenses	2M	42M	110M	116M	111M
Income (Loss) On Equity Invest.	141M	-45M	-20M	-237M	14M
Currency Exchange Gains (Loss)	-	-30M	-1M	-	-
Other Non Operating Income (Expenses)	10M	33M	12M	10M	132M
EBT, Excl. Unusual Items	833M	712M	178M	720M	1.16B
Restructuring Charges	-26M	-1.5M	-	-	-8M
Asset Writedown	-21M	-	-	-	-
Legal Settlements	-	-40M	40M	-	-
Other Unusual Items	-	-	-5.5M	-	-
EBT, Incl. Unusual Items	786M	671M	212M	720M	1.16B
Income Tax Expense	110M	147M	-94M	-72M	253M
Earnings From Continuing Operations	676M	524M	306M	792M	904M
Earnings Of Discontinued Operations	-127M	-	-	-	-
Net Income to Company	549M	524M	306M	792M	904M
Net Income - (IS)	549M	524M	306M	792M	904M
Net Income to Common Incl Extra Items	549M	524M	306M	792M	904M
Net Income to Common Excl. Extra Items	676M	524M	306M	792M	904M
Per Share Items
Net EPS - Basic	0.54	0.51	0.3	0.75	0.85
Basic EPS - Continuing Operations	0.66	0.51	0.3	0.75	0.85
Basic Weighted Average Shares Outstanding	1.03B	1.03B	1.03B	1.05B	1.06B
Net EPS - Diluted	0.54	0.51	0.29	0.75	0.85
Diluted EPS - Continuing Operations	0.66	0.51	0.29	0.75	0.85
Diluted Weighted Average Shares Outstanding	1.03B	1.03B	1.04B	1.06B	1.07B
Normalized Basic EPS	0.51	0.43	0.11	0.43	0.69
Normalized Diluted EPS	0.51	0.43	0.11	0.42	0.68
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	857M	882M	224M	993M	1.06B
EBITA	774M	806M	148M	897M	915M
EBIT	680M	712M	76.5M	831M	908M
EBITDAR	897M	917M	258M	1.03B	1.12B
Total Revenues (As Reported)	2.7B	2.68B	3.23B	4.01B	4.92B
Effective Tax Rate - (Ratio)	13.99	21.91	-44.34	-10	21.87
Current Domestic Taxes	44M	87M	-2M	1M	-
Current Foreign Taxes	146M	94M	178M	145M	238M
Total Current Taxes	190M	181M	176M	146M	238M
Deferred Domestic Taxes	53M	-25M	-114M	-97M	-27M
Deferred Foreign Taxes	-133M	-9M	-156M	-121M	42M
Total Deferred Taxes	-80M	-34M	-270M	-218M	15M
Normalized Net Income	521M	445M	111M	450M	728M
Interest on Long-Term Debt	-	-	-	-	3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.01B	1.14B	1.98B	2.07B	2.78B
Net Rental Expense, Total	40M	34.3M	33.7M	39.5M	59M
Stock-Based Comp., COGS (Total)	1M	12M	41M	26M	29M
Stock-Based Comp., R&D Exp. (Total)	18M	212M	728M	576M	762M
Stock-Based Comp., SG&A Exp. (Total)	7M	102M	301M	218M	261M
Total Stock-Based Compensation	26M	326M	1.07B	820M	1.05B

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	1B	1.55B	1.92B	2.08B	2.75B
Short Term Investments	631M	661M	1B	740M	850M
Total Cash And Short Term Investments	1.64B	2.22B	2.92B	2.82B	3.6B
Accounts Receivable, Total	1.29B	1.15B	1.12B	1.75B	2.28B
Other Receivables	12M	12M	-	149M	189M
Total Receivables	1.3B	1.16B	1.12B	1.9B	2.47B
Prepaid Expenses	155M	147M	153M	107M	169M
Other Current Assets, Total	-	10M	4M	-	-
Total Current Assets	3.09B	3.54B	4.2B	4.83B	6.24B
Gross Property Plant And Equipment	858M	864M	811M	1.18B	1.77B
Accumulated Depreciation	-441M	-473M	-391M	-464M	-552M
Net Property Plant And Equipment	417M	391M	420M	714M	1.22B
Long-term Investments	736M	723M	741M	565M	387M
Goodwill	1.64B	1.62B	1.62B	1.62B	1.62B
Other Intangibles, Total	205M	138M	152M	151M	230M
Accounts Receivable Long-Term	100M	116M	240M	346M	320M
Loans Receivable Long-Term	29M	30.9M	32.4M	33.8M	-
Deferred Tax Assets Long-Term	135M	139M	282M	401M	375M
Other Long-Term Assets, Total	160M	171M	238M	271M	312M
Total Assets	6.51B	6.87B	7.93B	8.93B	10.7B
Liabilities
Accounts Payable, Total	57M	65M	26M	63M	80M
Accrued Expenses, Total	740M	694M	1.06B	439M	418M
Current Portion of Leases	31M	26M	32M	40M	64M
Current Income Taxes Payable	129M	162M	147M	124M	106M
Unearned Revenue Current, Total	334M	293M	198M	209M	294M
Other Current Liabilities	104M	124M	47M	54M	78M
Total Current Liabilities	1.4B	1.36B	1.5B	929M	1.04B
Long-Term Leases	230M	193M	194M	316M	427M
Unearned Revenue Non Current	792M	807M	717M	702M	752M
Deferred Tax Liability Non Current	279M	262M	135M	41M	39M
Other Non Current Liabilities	266M	190M	81M	105M	159M
Total Liabilities	2.96B	2.82B	2.63B	2.09B	2.42B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	1.21B	1.22B	2.17B	2.92B	3.47B
Retained Earnings	1.93B	2.46B	2.75B	3.54B	4.45B
Comprehensive Income and Other	399M	376M	371M	372M	370M
Total Common Equity	3.55B	4.05B	5.3B	6.84B	8.29B
Total Equity	3.55B	4.05B	5.3B	6.84B	8.29B
Total Liabilities And Equity	6.51B	6.87B	7.93B	8.93B	10.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.03B	1.03B	1.04B	1.06B	1.07B
ECS Total Common Shares Outstanding	1.03B	1.03B	1.04B	1.06B	1.06B
Book Value / Share	3.46	3.95	5.09	6.47	7.79
Tangible Book Value	1.71B	2.29B	3.52B	5.07B	6.43B
Tangible Book Value Per Share	1.66	2.24	3.38	4.8	6.05
Total Debt	261M	219M	226M	356M	491M
Net Debt	-1.37B	-2B	-2.7B	-2.47B	-3.11B
Debt Equivalent Oper. Leases	320M	274M	270M	316M	472M
Equity Method Investments, Total	8M	9M	11M	16M	13M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	75M	75M	-	-	-
Machinery, Total	372M	421M	431M	650M	977M
Full Time Employees	6.33K	5.96K	7.1K	8.33K	9.58K
Accumulated Allowance for Doubtful Accounts (Supple)	40M	3M	3M	20M	31M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	549M	524M	306M	792M	904M
Depreciation & Amortization - CF	83M	77M	76M	96M	150M
Amortization of Goodwill and Intangible Assets - (CF)	94M	93M	71.5M	65.8M	6.7M
Depreciation & Amortization, Total	177M	170M	148M	162M	157M
Amortization of Deferred Charges, Total - (CF)	-	-	14.5M	21.2M	92.3M
(Gain) Loss From Sale Of Asset	-	-	-	-	-131M
Asset Writedown & Restructuring Costs	43M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-141M	45M	20M	237M	-14M
Stock-Based Compensation (CF)	26M	79M	1.04B	820M	1.05B
Net Cash From Discontinued Operations	8M	-	-	-	-
Other Operating Activities, Total	-16M	-6M	-240M	-170M	66M
Change In Accounts Receivable	-377M	123M	-89M	-743M	-510M
Change in Unearned Revenues	-51M	-37M	-190M	-4M	135M
Change In Income Taxes	112M	35M	-30M	-6M	-11M
Change in Other Net Operating Assets	128M	-194M	114M	-712M	-216M
Cash from Operations	458M	739M	1.09B	397M	1.52B
Capital Expenditure	-34M	-64M	-92M	-219M	-545M
Divestitures	-	-	-	-	127M
Sale (Purchase) of Intangible assets	-78M	-29M	-51M	-20M	-30M
Investment in Marketable and Equity Securities, Total	-513M	-45M	-372M	203M	84M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-31M	-	-	-	56M
Other Investing Activities, Total	-	-	-1M	1M	-17M
Cash from Investing	-656M	-138M	-516M	-35M	-325M
Short Term Debt Issued, Total	50M	-	-	-	-
Total Debt Issued	50M	-	-	-	-
Issuance of Common Stock	-	-	-	-	74M
Repurchase of Common Stock	-	-	-158M	-120M	-529M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-45M	-42M	-50M	-82M	-93M
Cash from Financing	5M	-42M	-208M	-202M	-548M
Foreign Exchange Rate Adjustments	-17M	-9M	3M	2M	15M
Net Change in Cash	-210M	550M	369M	162M	666M
Supplemental Items
Cash Interest Paid	1M	-	-	-	-
Cash Income Tax Paid (Refund)	89M	157M	187M	149M	223M
Levered Free Cash Flow	-	956M	1.32B	-31.62M	750M
Unlevered Free Cash Flow	-	956M	1.32B	-31.62M	750M
Change In Net Working Capital	-	-108M	-186M	1.32B	543M
Net Debt Issued / Repaid	50M	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-	6.66	0.65	6.16	5.78
Return on Total Capital	-	11.02	0.98	8.17	7.1
Return On Equity %	-	13.79	6.55	13.05	11.95
Return on Common Equity	-	13.79	6.55	13.05	11.95
Margin Analysis
Gross Profit Margin %	95.15	96.04	95.24	96.98	97.54
SG&A Margin	33.19	26.95	31.64	24.56	22.66
EBITDA Margin %	31.71	32.94	6.93	24.78	21.64
EBITA Margin %	28.63	30.07	4.58	22.38	18.59
EBIT Margin %	25.16	26.6	2.37	20.74	18.46
Income From Continuing Operations Margin %	25.01	19.56	9.46	19.77	18.37
Net Income Margin %	20.31	19.56	9.46	19.77	18.37
Net Avail. For Common Margin %	25.01	19.56	9.46	19.77	18.37
Normalized Net Income Margin	19.26	16.62	3.43	11.23	14.8
Levered Free Cash Flow Margin	-	35.7	40.92	-0.79	15.25
Unlevered Free Cash Flow Margin	-	35.7	40.92	-0.79	15.25
Asset Turnover
Asset Turnover	-	0.4	0.44	0.48	0.5
Fixed Assets Turnover	-	6.63	7.97	7.07	5.09
Receivables Turnover (Average Receivables)	-	2.19	2.85	2.8	2.44
Short Term Liquidity
Current Ratio	2.22	2.6	2.79	5.2	6
Quick Ratio	2.11	2.48	2.68	5.08	5.83
Operating Cash Flow to Current Liabilities	0.33	0.54	0.72	0.43	1.47
Days Sales Outstanding (Average Receivables)	-	166.42	128.49	130.53	149.34
Average Days Payable Outstanding	-	210.05	128.34	134.24	215.68
Long Term Solvency
Total Debt/Equity	7.36	5.41	4.27	5.21	5.93
Total Debt / Total Capital	6.85	5.13	4.09	4.95	5.59
LT Debt/Equity	6.48	4.76	3.66	4.62	5.15
Long-Term Debt / Total Capital	6.04	4.52	3.51	4.39	4.86
Total Liabilities / Total Assets	45.5	41	33.2	23.43	22.58
Total Debt / EBITDA	0.29	0.24	0.88	0.34	0.44
Net Debt / EBITDA	-1.53	-2.18	-10.47	-2.39	-2.77
Total Debt / (EBITDA - Capex)	0.3	0.26	1.36	0.44	0.85
Net Debt / (EBITDA - Capex)	-1.59	-2.34	-16.28	-3.04	-5.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	33.35	-0.89	20.68	23.94	22.79
Gross Profit, 1 Yr. Growth %	36.66	0.04	19.67	26.21	23.49
EBITDA, 1 Yr. Growth %	103.08	2.98	-73.95	343.21	13.97
EBITA, 1 Yr. Growth %	125.66	4.07	-81.1	505.95	9.13
EBIT, 1 Yr. Growth %	180.99	4.78	-89.26	986.27	9.27
Earnings From Cont. Operations, 1 Yr. Growth %	24.26	-22.49	-41.6	158.82	14.14
Net Income, 1 Yr. Growth %	41.49	-4.55	-41.6	158.82	14.14
Normalized Net Income, 1 Yr. Growth %	19	-14.47	-75.09	305.63	61.81
Diluted EPS Before Extra, 1 Yr. Growth %	24.26	-22.65	-43.14	158.62	13.33
Accounts Receivable, 1 Yr. Growth %	-	-10.62	-3.12	56.58	30.19
Net Property, Plant and Equip., 1 Yr. Growth %	-	-6.24	7.42	70	70.87
Total Assets, 1 Yr. Growth %	-	5.47	15.45	12.68	19.83
Tangible Book Value, 1 Yr. Growth %	-	34.33	53.42	44.06	26.93
Common Equity, 1 Yr. Growth %	-	14.18	30.71	29.16	21.16
Cash From Operations, 1 Yr. Growth %	-62.85	61.35	47.5	-63.58	283.88
Capital Expenditures, 1 Yr. Growth %	-67.31	88.24	43.75	138.04	148.86
Levered Free Cash Flow, 1 Yr. Growth %	-	-	38.61	-102.39	-2.47K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	38.61	-102.39	-2.47K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	14.96	9.37	22.3	23.36
Gross Profit, 2 Yr. CAGR %	-	16.93	9.41	22.89	24.84
EBITDA, 2 Yr. CAGR %	-	44.61	-48.06	7.44	154.18
EBITA, 2 Yr. CAGR %	-	53.24	-55.5	7.02	220.95
EBIT, 2 Yr. CAGR %	-	71.59	-66.45	8	244.52
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-1.86	-32.72	22.94	71.88
Net Income, 2 Yr. CAGR %	-	16.21	-25.34	22.94	71.88
Normalized Net Income, 2 Yr. CAGR %	-	0.89	-53.83	0.52	156.19
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-1.9	-33.68	21.27	71.2
Accounts Receivable, 2 Yr. CAGR %	-	-	-6.95	23.16	42.78
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	0.36	35.13	70.43
Total Assets, 2 Yr. CAGR %	-	-	10.35	14.06	16.2
Tangible Book Value, 2 Yr. CAGR %	-	-	43.56	48.67	35.23
Common Equity, 2 Yr. CAGR %	-	-	22.16	29.93	25.09
Cash From Operations, 2 Yr. CAGR %	-	-22.58	54.27	-26.71	18.24
Capital Expenditures, 2 Yr. CAGR %	-	-21.55	64.5	84.98	143.39
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-81.8	-24.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-81.8	-24.68
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	16.84	14.02	22.46
Gross Profit, 3 Yr. CAGR %	-	-	17.83	14.75	23.09
EBITDA, 3 Yr. CAGR %	-	-	-19.03	6.14	7.38
EBITA, 3 Yr. CAGR %	-	-	-24.43	6.27	5.32
EBIT, 3 Yr. CAGR %	-	-	-31.88	6.92	8.42
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-17.45	5.42	19.93
Net Income, 3 Yr. CAGR %	-	-	-7.61	12.99	19.93
Normalized Net Income, 3 Yr. CAGR %	-	-	-36.71	-4.74	17.81
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-18.21	4.39	18.56
Accounts Receivable, 3 Yr. CAGR %	-	-	-	10.68	25.46
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	19.63	46.13
Total Assets, 3 Yr. CAGR %	-	-	-	11.12	15.95
Tangible Book Value, 3 Yr. CAGR %	-	-	-	43.73	41.04
Common Equity, 3 Yr. CAGR %	-	-	-	24.45	26.94
Cash From Operations, 3 Yr. CAGR %	-	-	-4.03	-4.65	27.29
Capital Expenditures, 3 Yr. CAGR %	-	-	-4	86.06	104.21
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-7.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-7.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	19.4
Gross Profit, 5 Yr. CAGR %	-	-	-	-	20.59
EBITDA, 5 Yr. CAGR %	-	-	-	-	20.33
EBITA, 5 Yr. CAGR %	-	-	-	-	21.67
EBIT, 5 Yr. CAGR %	-	-	-	-	30.27
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	10.69
Net Income, 5 Yr. CAGR %	-	-	-	-	18.43
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	10.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	9.91
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	4.33
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	39.27