Balance Sheet Avation PLC

Equities

AVAP

GB00B196F554

Airlines

Delayed London S.E. Other stock markets 03:47:33 2024-09-12 am EDT			5-day change	1st Jan Change
134.90 ^GBX	+0.67%		+1.05%	+6.22%

Aug. 30	Avation sells two ATR aircraft to Danish Air Transport	AN
Aug. 30	Avation plc Announces That It Has Sold Two ATR 72-600 Aircraft to Danish Air Transport	CI

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Published financial data: AVATION PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	119M	135M	118M	112M	91.86M
Other Revenues, Total	186K	-	-	-	-
Total Revenues	119M	135M	118M	112M	91.86M
Cost of Goods Sold, Total	-	-	1.07M	5.48M	-
Gross Profit	119M	135M	117M	107M	91.86M
Selling General & Admin Expenses, Total	10.95M	11.91M	12.05M	13.16M	11.14M
Provision for Bad Debts	-	-	25.43M	-1.98M	659K
Depreciation & Amortization - (IS)	41.01M	46.67M	46.33M	39.3M	38.57M
Other Operating Expenses	166K	2.42M	-245K	-2.39M	7.15M
Other Operating Expenses, Total	52.13M	61M	83.56M	48.09M	57.52M
Operating Income	67.11M	74.28M	33.11M	58.66M	34.34M
Interest Expense, Total	-53.56M	-56.19M	-59.04M	-56.74M	-54.04M
Interest And Investment Income	1.42M	712K	123K	281K	5.9M
Net Interest Expenses	-52.14M	-55.48M	-58.92M	-56.46M	-48.14M
Currency Exchange Gains (Loss)	29K	539K	338K	1.02M	3.15M
Other Non Operating Income (Expenses)	333K	570K	470K	2.6M	2.59M
EBT, Excl. Unusual Items	15.33M	19.9M	-25M	5.82M	-8.06M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	7.52M
Gain (Loss) On Sale Of Assets	10.03M	3.23M	-6.95M	-2.4M	-1M
Asset Writedown	-	-8.41M	-87.54M	32.16M	23.83M
Other Unusual Items	204K	-78K	49.27M	-13.08M	-9.29M
EBT, Incl. Unusual Items	25.56M	14.64M	-70.22M	22.5M	13M
Income Tax Expense	-132K	4.92M	14.66M	5.38M	808K
Earnings From Continuing Operations	25.69M	9.72M	-84.88M	17.13M	12.19M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	25.69M	9.72M	-84.88M	17.13M	12.19M
Minority Interest	-1K	-2K	-1K	-1K	-1K
Net Income - (IS)	25.69M	9.71M	-84.89M	17.13M	12.19M
Net Income to Common Incl Extra Items	25.69M	9.71M	-84.89M	17.13M	12.19M
Net Income to Common Excl. Extra Items	25.69M	9.71M	-84.89M	17.13M	12.19M
Per Share Items
Net EPS - Basic	0.4	0.15	-1.31	0.25	0.17
Basic EPS - Continuing Operations	0.4	0.15	-1.31	0.25	0.17
Basic Weighted Average Shares Outstanding	63.82M	63.12M	64.72M	69.49M	69.95M
Net EPS - Diluted	0.4	0.15	-1.31	0.25	0.17
Diluted EPS - Continuing Operations	0.4	0.15	-1.31	0.25	0.17
Diluted Weighted Average Shares Outstanding	64.07M	63.25M	64.72M	69.49M	70.13M
Normalized Basic EPS	0.15	0.2	-0.24	0.05	-0.07
Normalized Diluted EPS	0.15	0.2	-0.24	0.05	-0.07
Dividend Per Share	0.1	0.02	-	-	-
Payout Ratio	22.73	69.72	-	-	-
Supplemental Items
EBITDA	108M	121M	79.44M	97.96M	72.91M
EBITA	67.11M	74.28M	33.11M	58.66M	34.34M
EBIT	67.11M	74.28M	33.11M	58.66M	34.34M
Total Revenues (As Reported)	119M	137M	120M	116M	99.25M
Effective Tax Rate - (Ratio)	-0.52	33.63	-20.88	23.89	6.22
Current Domestic Taxes	1.48M	-366K	-227K	-3K	237K
Current Foreign Taxes	1.67M	713K	330K	605K	236K
Total Current Taxes	3.14M	347K	103K	602K	473K
Deferred Domestic Taxes	-4.75M	4.64M	1.65M	7.55M	2.89M
Deferred Foreign Taxes	1.48M	-67K	12.92M	-2.78M	-2.56M
Total Deferred Taxes	-3.28M	4.58M	14.56M	4.77M	335K
Normalized Net Income	9.58M	12.44M	-15.63M	3.63M	-5.04M
Interest Capitalized	3M	1.4M	300K	400K	700K
Interest on Long-Term Debt	54.39M	56.4M	59.78M	57.41M	53.68M
Supplemental Operating Expense Items
General and Administrative Expenses	10.95M	11.91M	12.05M	13.16M	11.14M
Maintenance & Repair Expenses, Total	15.41M	34.5M	40.01M	18.59M	29.15M
Stock-Based Comp., G&A Exp. (Total)	478K	592K	1.72M	1.42M	1.14M
Total Stock-Based Compensation	478K	592K	1.72M	1.42M	1.14M

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	107M	115M	122M	119M	117M
Short Term Investments	47K	46K	49K	48K	48K
Trading Asset Securities, Total	-	-	-	3.72M	11.24M
Total Cash And Short Term Investments	107M	115M	123M	123M	128M
Accounts Receivable, Total	10.97M	24.07M	36.67M	12.42M	23.3M
Other Receivables	118K	1.46M	2.08M	5.81M	11.36M
Notes Receivable	-	-	-	-	-
Total Receivables	11.09M	25.53M	38.75M	18.23M	34.66M
Prepaid Expenses	513K	624K	466K	550K	255K
Other Current Assets, Total	-	91.27M	67.68M	113M	9.7M
Total Current Assets	119M	232M	229M	255M	173M
Gross Property Plant And Equipment	80K	1.03M	577K	387K	729K
Accumulated Depreciation	-41K	-277K	-56K	-68K	-81K
Net Property Plant And Equipment	39K	755K	521K	319K	648K
Long-term Investments	363K	-	-	5.92M	13.44M
Goodwill	1.9M	1.9M	1.9M	1.9M	1.9M
Other Intangibles, Total	-	27.11M	26.96M	65.28M	85.82M
Accounts Receivable Long-Term	37.14M	85.02M	45.84M	55.21M	41.21M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.23B	1.07B	978M	833M	864M
Total Assets	1.39B	1.42B	1.28B	1.22B	1.18B
Liabilities
Accounts Payable, Total	92K	230K	676K	2.22M	734K
Accrued Expenses, Total	6.26M	8.68M	19.81M	17.01M	69.68M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	72.6M	537M	443M	63.9M	61.4M
Current Portion of Leases	-	250K	264K	284K	280K
Current Income Taxes Payable	2.81M	1.06M	666K	658K	521K
Unearned Revenue Current, Total	6.62M	4.71M	6.26M	5.19M	6.93M
Other Current Liabilities	162K	10.4M	7.56M	16.54M	1M
Total Current Liabilities	88.53M	562M	478M	106M	141M
Long-Term Debt	1.02B	563M	522M	764M	695M
Long-Term Leases	-	651K	381K	106K	399K
Unearned Revenue Non Current	2.11M	1.89M	2.19M	3.78M	3.18M
Deferred Tax Liability Non Current	179K	698K	17.14M	25.44M	26.44M
Other Non Current Liabilities	45.3M	66.33M	107M	90.58M	72.83M
Total Liabilities	1.15B	1.19B	1.13B	990M	938M
Common Stock, Total	1.1M	1.11M	1.2M	1.2M	1.18M
Additional Paid In Capital	56.91M	57.75M	67.68M	67.68M	70.02M
Retained Earnings	146M	148M	64.06M	84.52M	89M
Treasury Stock	-1.15M	-7.81M	-7.81M	-7.81M	-
Comprehensive Income and Other	38.17M	21.45M	31.81M	81.5M	81.42M
Total Common Equity	241M	221M	157M	227M	242M
Minority Interest	70K	72K	68K	6K	7K
Total Equity	241M	221M	157M	227M	242M
Total Liabilities And Equity	1.39B	1.42B	1.28B	1.22B	1.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	64.31M	62.67M	69.49M	69.49M	70.88M
ECS Total Common Shares Outstanding	64.31M	62.67M	69.49M	69.49M	70.88M
Book Value / Share	3.74	3.53	2.26	3.27	3.41
Tangible Book Value	239M	192M	128M	160M	154M
Tangible Book Value Per Share	3.71	3.06	1.84	2.3	2.17
Total Debt	1.09B	1.1B	965M	829M	757M
Net Debt	981M	986M	842M	706M	628M
Minority Interest, Total (Incl. Fin. Div)	70K	72K	68K	6K	7K
Account Code - Inventory Valuation	3	3	3	-	-
Machinery, Total	80K	92K	74K	91K	97K
Full Time Employees	23	23	23	23	23
Accumulated Allowance for Doubtful Accounts (Supple)	207K	342K	24.82M	9.05M	10.55M

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	25.69M	9.71M	-84.89M	17.13M	12.19M
Depreciation & Amortization - CF	41.01M	46.88M	46.55M	39.52M	38.8M
Depreciation & Amortization, Total	41.01M	46.88M	46.55M	39.52M	38.8M
Amortization of Deferred Charges, Total - (CF)	5.64M	5.8M	7.18M	3.61M	2.42M
(Gain) Loss From Sale Of Asset	-10.03M	-3.23M	6.95M	3.4M	2.01M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-7.52M
Asset Writedown & Restructuring Costs	-	8.41M	87.54M	-33.16M	-24.84M
Provision for Credit Losses	-	-	90K	1.76M	-13K
Stock-Based Compensation (CF)	478K	592K	1.72M	1.42M	1.14M
Provision and Write-off of Bad Debts	166K	855K	25.34M	-3.74M	672K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-4.12M	1.51M	-30.71M	17.18M	9.27M
Change In Accounts Receivable	4.41M	-5.1M	-40.76M	12.92M	-3.3M
Change In Accounts Payable	1.41M	-5.55M	8.39M	1.56M	2.04M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	8.95M	28.62M	34.88M	-7.12M	15.5M
Cash from Operations	73.61M	88.51M	62.28M	54.48M	48.39M
Capital Expenditure	-258M	-58.74M	-104K	-17K	-6K
Sale of Property, Plant, and Equipment	-	-	20.19M	65.64M	39.75M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-1.22M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-258M	-58.74M	20.08M	65.62M	38.52M
Long-Term Debt Issued, Total	302M	76.56M	11.75M	17.06M	42.96M
Total Debt Issued	302M	76.56M	11.75M	17.06M	42.96M
Long-Term Debt Repaid, Total	-96.85M	-86.52M	-88.71M	-140M	-135M
Total Debt Repaid	-96.85M	-86.52M	-88.71M	-140M	-135M
Issuance of Common Stock	3.22M	770K	10.03M	-	1.86M
Repurchase of Common Stock	-1.15M	-6.66M	-	-	-94K
Common Dividends Paid	-5.84M	-6.77M	-	-	-
Common & Preferred Stock Dividends Paid	-5.84M	-6.77M	-	-	-
Other Financing Activities, Total	-12.61M	-33.54M	-25.66M	13.44M	-6.96M
Cash from Financing	189M	-56.17M	-92.59M	-110M	-97.36M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	3.74M	-26.4M	-10.22M	10.2M	-10.45M
Supplemental Items
Cash Interest Paid	48.58M	51.71M	49.94M	51.7M	44.09M
Cash Income Tax Paid (Refund)	2.95M	2.1M	495K	610K	610K
Levered Free Cash Flow	-160M	-90.83M	59.55M	27.11M	155M
Unlevered Free Cash Flow	-132M	-60.99M	91.34M	60.34M	188M
Change In Net Working Capital	-42.61M	96.68M	-20.41M	18.63M	-125M
Net Debt Issued / Repaid	205M	-9.96M	-76.96M	-123M	-92.16M

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.3	3.31	1.53	2.93	1.79
Return on Total Capital	3.46	3.5	1.69	3.37	2.09
Return On Equity %	10.96	4.21	-44.91	8.92	5.2
Return on Common Equity	10.96	4.21	-44.93	8.92	5.2
Margin Analysis
Gross Profit Margin %	100	100	99.09	95.12	100
SG&A Margin	9.19	8.81	10.23	11.73	12.13
EBITDA Margin %	90.67	89.4	67.47	87.29	79.37
EBITA Margin %	56.28	54.91	28.12	52.27	37.38
EBIT Margin %	56.28	54.91	28.12	52.27	37.38
Income From Continuing Operations Margin %	21.55	7.18	-72.1	15.26	13.27
Net Income Margin %	21.54	7.18	-72.1	15.26	13.27
Net Avail. For Common Margin %	21.54	7.18	-72.1	15.26	13.27
Normalized Net Income Margin	8.03	9.19	-13.27	3.24	-5.48
Levered Free Cash Flow Margin	-134.33	-67.15	50.58	24.15	168.57
Unlevered Free Cash Flow Margin	-110.99	-45.09	77.58	53.77	204.19
Asset Turnover
Asset Turnover	0.09	0.1	0.09	0.09	0.08
Fixed Assets Turnover	2.56K	340.74	184.54	267.22	189.99
Receivables Turnover (Average Receivables)	13.8	7.72	3.88	4.57	5.14
Short Term Liquidity
Current Ratio	1.35	0.41	0.48	2.41	1.23
Quick Ratio	1.34	0.25	0.34	1.33	1.16
Operating Cash Flow to Current Liabilities	0.83	0.16	0.13	0.51	0.34
Days Sales Outstanding (Average Receivables)	26.45	47.4	94.15	79.82	70.96
Average Days Payable Outstanding	-	-