Income Statement Atour Lifestyle Holdings Limited

Equities

ATAT

US04965M1062

Hotels, Motels & Cruise Lines

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-20 pm EDT			5-day change	1st Jan Change
21.22 ^USD	-0.14%		+7.99%	+22.24%

Sep. 10	Certain American Depositary Shares of Atour Lifestyle Holdings Limited are subject to a Lock-Up Agreement Ending on 10-SEP-2024.	CI
Sep. 10	Certain ordinary shares of Atour Lifestyle Holdings Limited are subject to a Lock-Up Agreement Ending on 10-SEP-2024.	CI

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Published financial data: ATOUR LIFESTYLE HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.57B	1.57B	2.15B	2.26B	4.52B
Other Revenues, Total	-	-	-	-	148M
Total Revenues	1.57B	1.57B	2.15B	2.26B	4.67B
Cost of Goods Sold, Total	1.1B	1.15B	1.42B	1.39B	2.75B
Gross Profit	470M	416M	728M	870M	1.91B
Selling General & Admin Expenses, Total	279M	259M	333M	490M	921M
Pre-Opening Costs	3.58M	18.26M	6.34M	-	-
R&D Expenses	29.36M	33.65M	52.12M	66.18M	77.29M
Other Operating Expenses	66.74M	58.2M	141M	149M	-10.64M
Other Operating Expenses, Total	378M	369M	533M	705M	988M
Operating Income	91.4M	47.72M	195M	165M	924M
Interest Expense, Total	-4.29M	-1.48M	-7.94M	-6.5M	-5M
Interest And Investment Income	240K	707K	6.72M	14.46M	29.57M
Net Interest Expenses	-4.05M	-774K	-1.22M	7.96M	24.56M
Other Non Operating Income (Expenses)	-1.19M	1.88M	301K	-814K	-1.02M
EBT, Excl. Unusual Items	86.16M	48.82M	194M	172M	948M
Gain (Loss) On Sale Of Investments	22.16M	11.05M	8.74M	8.46M	34.52M
Other Unusual Items	-	15.55M	646K	-	-
EBT, Incl. Unusual Items	108M	75.42M	204M	181M	982M
Income Tax Expense	47.49M	37.6M	64.22M	84.47M	243M
Earnings From Continuing Operations	60.83M	37.82M	140M	96.08M	739M
Net Income to Company	60.83M	37.82M	140M	96.08M	739M
Minority Interest	4.13M	4.23M	5.38M	2.02M	-1.92M
Net Income - (IS)	64.96M	42.05M	145M	98.1M	737M
Preferred Dividend and Other Adjustments	57.85M	52.88M	15.12M	-	-
Net Income to Common Incl Extra Items	7.11M	-10.83M	130M	98.1M	737M
Net Income to Common Excl. Extra Items	7.11M	-10.83M	130M	98.1M	737M
Per Share Items
Net EPS - Basic	0.12	-0.19	1.21	0.78	5.45
Basic EPS - Continuing Operations	0.12	-0.19	1.21	0.78	5.45
Basic Weighted Average Shares Outstanding	57.2M	57.2M	108M	126M	135M
Net EPS - Diluted	0.12	-0.19	1.21	0.78	5.34
Diluted EPS - Continuing Operations	0.12	-0.19	1.21	0.78	5.34
Diluted Weighted Average Shares Outstanding	57.2M	57.2M	108M	127M	138M
Normalized Basic EPS	1.01	0.61	1.18	0.87	4.37
Normalized Diluted EPS	1.01	0.61	1.18	0.86	4.27
Dividend Per Share	-	-	-	-	1.06
Payout Ratio	-	-	14.23	-	20.43
American Depositary Receipts Ratio (ADR)	3	3	3	3	3
Supplemental Items
EBITDA	161M	132M	288M	252M	1.01B
EBITA	91.4M	47.72M	195M	165M	924M
EBIT	91.4M	47.72M	195M	165M	924M
EBITDAR	472M	484M	645M	606M	1.36B
Total Revenues (As Reported)	1.57B	1.57B	2.15B	2.26B	4.67B
Effective Tax Rate - (Ratio)	43.84	49.85	31.5	46.79	24.75
Current Domestic Taxes	45.84M	71.93M	73.61M	74.3M	275M
Total Current Taxes	45.84M	71.93M	73.61M	74.3M	275M
Deferred Domestic Taxes	1.66M	-34.33M	-9.4M	10.17M	-32.07M
Total Deferred Taxes	1.66M	-34.33M	-9.4M	10.17M	-32.07M
Normalized Net Income	57.98M	34.74M	127M	110M	590M
Supplemental Operating Expense Items
Marketing Expenses	14.66M	15.47M	64.23M	74.96M	302M
Selling and Marketing Expenses	75.74M	70.97M	124M	140M	470M
General and Administrative Expenses	138M	131M	197M	350M	451M
Research And Development Expense From Footnotes	29.36M	33.65M	52.12M	66.18M	77.29M
Net Rental Expense, Total	312M	353M	357M	354M	355M
Imputed Operating Lease Interest Expense	-	43.06M	197M	15.27M	6.69M
Imputed Operating Lease Depreciation	-	310M	161M	338M	348M
Stock-Based Comp., COGS (Total)	-	-	-	2.11M	1.29M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	618K	391K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	160M	162M
Total Stock-Based Compensation	-	-	-	163M	164M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	763M	825M	1.04B	1.59B	2.84B
Short Term Investments	17.88M	5.69M	2.9M	160M	754M
Total Cash And Short Term Investments	781M	830M	1.04B	1.75B	3.59B
Accounts Receivable, Total	80.87M	144M	107M	141M	167M
Other Receivables	27.61M	48.86M	74.24M	73.69M	130M
Notes Receivable	-	15M	-	-	-
Total Receivables	108M	207M	181M	215M	298M
Inventory	28.88M	54.19M	70.82M	63.45M	123M
Prepaid Expenses	8.75M	9.99M	12.11M	5.47M	24.7M
Restricted Cash	160K	-	-	-	-
Other Current Assets, Total	35.63M	68.03M	110M	91.48M	201M
Total Current Assets	963M	1.17B	1.42B	2.12B	4.24B
Gross Property Plant And Equipment	662M	799M	859M	2.8B	2.55B
Accumulated Depreciation	-247M	-331M	-420M	-503M	-567M
Net Property Plant And Equipment	414M	467M	439M	2.29B	1.98B
Goodwill	17.45M	17.45M	17.45M	17.45M	17.45M
Other Intangibles, Total	3.05M	3.32M	3.82M	5.54M	4.25M
Accounts Receivable Long-Term	17.53M	52.93M	62.62M	58.29M	54.45M
Deferred Tax Assets Long-Term	78.98M	113M	123M	113M	145M
Deferred Charges Long-Term	59.03M	67.83M	97.53M	67.27M	98.22M
Other Long-Term Assets, Total	95.25M	93.54M	85.79M	83.99M	47.44M
Total Assets	1.65B	1.99B	2.25B	4.76B	6.59B
Liabilities
Accounts Payable, Total	82.93M	89.52M	163M	188M	596M
Accrued Expenses, Total	111M	109M	117M	123M	323M
Short-term Borrowings	40.26M	89.27M	64.81M	143M	70M
Current Portion of Long-Term Debt	4.09M	1M	1M	29.13M	-
Current Portion of Leases	-	-	-	320M	296M
Current Income Taxes Payable	21.93M	61.51M	46.18M	31.34M	136M
Unearned Revenue Current, Total	172M	187M	234M	203M	406M
Other Current Liabilities	245M	362M	425M	310M	551M
Total Current Liabilities	677M	898M	1.05B	1.35B	2.38B
Long-Term Debt	28.29M	31.16M	43.63M	2M	2M
Long-Term Leases	-	-	-	1.81B	1.58B
Unearned Revenue Non Current	201M	229M	268M	278M	369M
Other Non Current Liabilities	214M	261M	318M	142M	194M
Total Liabilities	1.12B	1.42B	1.68B	3.57B	4.53B
Preferred Stock Redeemable	829M	881M	-	-	-
Preferred Stock Convertible	43K	43K	-	-	-
Total Preferred Equity	829M	881M	-	-	-
Common Stock, Total	130K	130K	274K	285K	300K
Additional Paid In Capital	-	-	765M	1.29B	1.56B
Retained Earnings	-296M	-306M	-176M	-78.3M	507M
Comprehensive Income and Other	-	-	-8.95M	-10.86M	4.77M
Total Common Equity	-295M	-306M	579M	1.2B	2.07B
Minority Interest	-4.42M	-9.43M	-14.81M	-9.9M	-7.98M
Total Equity	529M	566M	565M	1.19B	2.06B
Total Liabilities And Equity	1.65B	1.99B	2.25B	4.76B	6.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.2M	57.2M	126M	131M	138M
ECS Total Common Shares Outstanding	57.2M	57.2M	126M	131M	138M
Book Value / Share	-5.16	-5.35	4.61	9.13	15.03
Tangible Book Value	-316M	-327M	558M	1.17B	2.05B
Tangible Book Value Per Share	-5.52	-5.72	4.44	8.96	14.87
Total Debt	72.64M	121M	109M	2.3B	1.95B
Net Debt	-708M	-709M	-932M	550M	-1.64B
Debt Equivalent Oper. Leases	2.49B	2.82B	2.86B	2.83B	2.84B
Minority Interest, Total (Incl. Fin. Div)	-4.42M	-9.43M	-14.81M	-9.9M	-7.98M
Account Code - Inventory Valuation	-	8	8	8	6
Machinery, Total	295M	377M	407M	420M	421M
Full Time Employees	-	2.72K	3.18K	3.26K	4.25K
Accumulated Allowance for Doubtful Accounts (Supple)	11.76M	14.97M	14.73M	19.47M	32.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	64.96M	42.05M	145M	98.1M	737M
Depreciation & Amortization - CF	69.2M	84M	92.61M	87.47M	83.73M
Depreciation & Amortization, Total	69.2M	84M	92.61M	87.47M	83.73M
Amortization of Deferred Charges, Total - (CF)	894K	952K	1.3M	1.09M	1.29M
(Gain) Loss From Sale Of Asset	5K	-	2.21M	2.02M	578K
(Gain) Loss on Sale of Investments - (CF)	-22.16M	-11.05M	-8.74M	-8.46M	-34.52M
Asset Writedown & Restructuring Costs	-	-	-	-	60.52M
Stock-Based Compensation (CF)	-	-	-	163M	164M
Provision and Write-off of Bad Debts	4.05M	3.21M	2.89M	4.74M	40.75M
Other Operating Activities, Total	-2.47M	-38.56M	-14.78M	276M	208M
Change In Accounts Receivable	-38.82M	-63.09M	40.42M	-37.48M	-42.71M
Change In Inventories	-4.96M	-15.73M	-28.23M	1.12M	-85.48M
Change In Accounts Payable	9.83M	4.84M	75.51M	23.62M	410M
Change in Unearned Revenues	66.63M	43.4M	85.78M	-20.81M	295M
Change In Income Taxes	-6.51M	39.58M	-15.33M	-14.84M	105M
Change in Other Net Operating Assets	83.47M	29.06M	39.19M	-293M	46.19M
Cash from Operations	224M	119M	418M	284M	1.99B
Capital Expenditure	-137M	-113M	-63.97M	-36.42M	-41.72M
Sale of Property, Plant, and Equipment	-	-	-	-	670K
Cash Acquisitions	-23.01M	-	-	-	-
Sale (Purchase) of Intangible assets	-1.09M	-1.22M	-2M	-2.8M	-
Investment in Marketable and Equity Securities, Total	426M	23.45M	8.74M	-153M	-559M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-15M	15M	-	-
Cash from Investing	265M	-106M	-42.22M	-192M	-601M
Long-Term Debt Issued, Total	34.98M	128M	218M	199M	40M
Total Debt Issued	34.98M	128M	218M	199M	40M
Long-Term Debt Repaid, Total	-45.06M	-78.72M	-230M	-134M	-142M
Total Debt Repaid	-45.06M	-78.72M	-230M	-134M	-142M
Issuance of Common Stock	-	-	-	400M	106M
Repurchase of Common Stock	-	-	-111M	-	-
Common Dividends Paid	-	-	-20.64M	-	-151M
Common & Preferred Stock Dividends Paid	-	-	-20.64M	-	-151M
Other Financing Activities, Total	-	-780K	-17.18M	-8.28M	-
Cash from Financing	-10.08M	48.01M	-161M	456M	-147M
Foreign Exchange Rate Adjustments	-	-	-8.18M	2.82M	10.41M
Net Change in Cash	479M	61.15M	206M	551M	1.25B
Supplemental Items
Cash Interest Paid	4.42M	1.75M	5.7M	4.65M	6.03M
Cash Income Tax Paid (Refund)	49.87M	38.96M	88.95M	82.78M	170M
Levered Free Cash Flow	-	17.99M	287M	181M	1.67B
Unlevered Free Cash Flow	-	18.91M	292M	185M	1.67B
Change In Net Working Capital	-	-18.11M	-142M	130M	-885M
Net Debt Issued / Repaid	-10.08M	48.79M	-12M	64.52M	-102M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	1.64	5.77	2.94	10.18
Return on Total Capital	-	4.63	17.94	4.96	15.41
Return On Equity %	-	6.91	24.71	10.97	45.52
Return on Common Equity	-	3.6	95.12	11.04	45.15
Margin Analysis
Gross Profit Margin %	29.97	26.58	33.9	38.43	40.97
SG&A Margin	17.78	16.51	15.51	21.65	19.74
EBITDA Margin %	10.25	8.41	13.41	11.15	21.6
EBITA Margin %	5.83	3.05	9.1	7.29	19.8
EBIT Margin %	5.83	3.05	9.1	7.29	19.8
Income From Continuing Operations Margin %	3.88	2.41	6.5	4.25	15.84
Net Income Margin %	4.15	2.68	6.75	4.33	15.8
Net Avail. For Common Margin %	0.45	-0.69	6.05	4.33	15.8
Normalized Net Income Margin	3.7	2.22	5.91	4.84	12.65
Levered Free Cash Flow Margin	-	1.15	13.38	8.01	35.72
Unlevered Free Cash Flow Margin	-	1.21	13.61	8.19	35.79
Asset Turnover
Asset Turnover	-	0.86	1.02	0.65	0.82
Fixed Assets Turnover	-	3.55	4.74	1.66	2.18
Receivables Turnover (Average Receivables)	-	13.96	17.13	18.21	29.27
Inventory Turnover (Average Inventory)	-	27.69	22.71	20.75	29.49
Short Term Liquidity
Current Ratio	1.42	1.3	1.35	1.58	1.78
Quick Ratio	1.31	1.14	1.16	1.46	1.64
Operating Cash Flow to Current Liabilities	0.33	0.13	0.4	0.21	0.84
Days Sales Outstanding (Average Receivables)	-	26.22	21.31	20.05	12.47
Days Outstanding Inventory (Average Inventory)	-	13.22	16.07	17.59	12.38
Average Days Payable Outstanding	-	26.85	32.09	46.21	50.81
Cash Conversion Cycle (Average Days)	-	12.59	5.28	-8.58	-25.97
Long Term Solvency
Total Debt/Equity	13.74	21.46	19.38	193.61	94.7
Total Debt / Total Capital	12.08	17.67	16.24	65.94	48.64
LT Debt/Equity	5.35	5.51	7.73	152.21	76.95
Long-Term Debt / Total Capital	4.7	4.53	6.47	51.84	39.52
Total Liabilities / Total Assets	67.93	71.51	74.85	75.07	68.72
EBIT / Interest Expense	21.29	32.22	24.62	25.37	184.62
EBITDA / Interest Expense	37.4	88.94	36.29	93.23	272.29
(EBITDA - Capex) / Interest Expense	5.54	12.81	28.23	87.63	263.95
Total Debt / EBITDA	0.45	0.92	0.38	3.79	1.43
Net Debt / EBITDA	-4.41	-5.38	-3.24	0.91	-1.21
Total Debt / (EBITDA - Capex)	3.05	6.4	0.49	4.04	1.48
Net Debt / (EBITDA - Capex)	-29.76	-37.37	-4.16	0.97	-1.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-0.03	37.09	5.37	106.19
Gross Profit, 1 Yr. Growth %	-	-11.33	74.81	19.46	166.31
EBITDA, 1 Yr. Growth %	-	-17.98	118.66	-12.36	299.22
EBITA, 1 Yr. Growth %	-	-47.79	309.53	-15.58	460.16
EBIT, 1 Yr. Growth %	-	-47.79	309.53	-15.58	460.16
Earnings From Cont. Operations, 1 Yr. Growth %	-	-37.82	269.28	-31.21	669.19
Net Income, 1 Yr. Growth %	-	-35.27	244.95	-32.37	651.42
Normalized Net Income, 1 Yr. Growth %	-	-40.07	265.36	-13.68	438.71
Diluted EPS Before Extra, 1 Yr. Growth %	-	-252.24	-737.06	-35.35	588.28
Accounts Receivable, 1 Yr. Growth %	-	77.54	-25.39	32.02	18.27
Inventory, 1 Yr. Growth %	-	87.66	30.69	-10.41	94.39
Net Property, Plant and Equip., 1 Yr. Growth %	-	12.85	-6.08	422.15	-13.68
Total Assets, 1 Yr. Growth %	-	20.45	13.06	112.1	38.32
Tangible Book Value, 1 Yr. Growth %