Cash flow Babcock International Group PLC

Equities

BAB

GB0009697037

Aerospace & Defense

Market Closed - London S.E. Other stock markets 11:35:14 2024-09-20 am EDT			5-day change	1st Jan Change
486.20 ^GBX	-2.41%		+2.96%	+23.09%

Sep. 19	Babcock shares rise as celebrates encouraging trade	AN
Sep. 19	Babcock International Logs Five-month Organic Revenue Growth	MT

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Published financial data: BABCOCK INTERNATIONAL GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	4.45B	4.18B	4.1B	4.44B	4.39B
Total Revenues	4.45B	4.18B	4.1B	4.44B	4.39B
Cost of Goods Sold, Total	3.94B	4.16B	3.62B	4.29B	4.14B
Gross Profit	509M	26.1M	480M	146M	247M
Selling General & Admin Expenses, Total	354M	372M	288M	-7.5M	800K
Other Operating Expenses, Total	354M	372M	288M	-7.5M	800K
Operating Income	155M	-346M	192M	154M	246M
Interest Expense, Total	-75.9M	-74.9M	-76.7M	-54.6M	-51.1M
Interest And Investment Income	14.1M	12.6M	9.6M	14.4M	22.1M
Net Interest Expenses	-61.8M	-62.3M	-67.1M	-40.2M	-29M
Income (Loss) On Equity Invest.	58.6M	-13.1M	20.1M	9.3M	9.2M
Other Non Operating Income (Expenses)	-10M	-2.9M	6.2M	-15.9M	-4.3M
EBT, Excl. Unusual Items	142M	-424M	151M	107M	222M
Impairment of Goodwill	-395M	-1.24B	-7.2M	-	-
Gain (Loss) On Sale Of Assets	74.7M	-49.7M	-	-77.4M	-3.5M
Asset Writedown	-	-	-134M	-23.5M	-2.1M
Other Unusual Items	-	-	173M	-	-
EBT, Incl. Unusual Items	-178M	-1.72B	182M	6.2M	217M
Income Tax Expense	15M	-15.3M	14.4M	39.5M	48.5M
Earnings From Continuing Operations	-193M	-1.7B	168M	-33.3M	168M
Net Income to Company	-193M	-1.7B	168M	-33.3M	168M
Minority Interest	-2M	-	-3.7M	-1.7M	-2.5M
Net Income - (IS)	-195M	-1.7B	164M	-35M	166M
Net Income to Common Incl Extra Items	-195M	-1.7B	164M	-35M	166M
Net Income to Common Excl. Extra Items	-195M	-1.7B	164M	-35M	166M
Per Share Items
Net EPS - Basic	-0.39	-3.37	0.33	-0.07	0.33
Basic EPS - Continuing Operations	-0.39	-3.37	0.33	-0.07	0.33
Basic Weighted Average Shares Outstanding	505M	505M	505M	505M	503M
Net EPS - Diluted	-0.39	-3.37	0.32	-0.07	0.32
Diluted EPS - Continuing Operations	-0.39	-3.37	0.32	-0.07	0.32
Diluted Weighted Average Shares Outstanding	506M	505M	511M	515M	515M
Normalized Basic EPS	0.17	-0.53	0.18	0.13	0.27
Normalized Diluted EPS	0.17	-0.53	0.18	0.13	0.26
Dividend Per Share	0.07	-	-	-	0.05
Payout Ratio	-77.92	-	-	-	5.13
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	318M	-219M	272M	242M	309M
EBITA	237M	-306M	213M	170M	257M
EBIT	155M	-346M	192M	154M	246M
EBITDAR	328M	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-8.42	0.89	7.9	637.1	22.38
Current Domestic Taxes	56.2M	-15.3M	-8.9M	600K	-
Current Foreign Taxes	19.4M	12.8M	21.8M	27.4M	21.7M
Total Current Taxes	75.6M	-2.5M	12.9M	28M	21.7M
Deferred Domestic Taxes	-34.6M	-	-	-	-
Deferred Foreign Taxes	-26M	-	-	-	-
Total Deferred Taxes	-60.6M	-12.8M	1.5M	11.5M	26.8M
Normalized Net Income	86.81M	-265M	90.74M	65.24M	136M
Interest Capitalized	1.4M	1.5M	-	-	-
Interest on Long-Term Debt	31.7M	26.4M	19.4M	19.8M	16.7M
Non-Cash Pension Expense	3.8M	12.2M	11.1M	-700K	9.3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	9.3M	-	-	-	-
General and Administrative Expenses	344M	-	-	-	-
Research And Development Expense From Footnotes	200K	1.1M	2.6M	-	-
Net Rental Expense, Total	10M	-	-	-	-
Imputed Operating Lease Interest Expense	2.72M	-	-	-	-
Imputed Operating Lease Depreciation	7.28M	-	-	-	-
Stock-Based Comp., Other (Total)	2.9M	4.2M	5.5M	9.4M	12.4M
Total Stock-Based Compensation	2.9M	4.2M	5.5M	9.4M	12.4M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.35B	905M	1.15B	452M	571M
Trading Asset Securities, Total	9.2M	-	-	-	-
Total Cash And Short Term Investments	1.36B	905M	1.15B	452M	571M
Accounts Receivable, Total	670M	585M	626M	647M	617M
Other Receivables	142M	132M	132M	137M	134M
Total Receivables	812M	717M	758M	784M	750M
Inventory	194M	162M	143M	127M	187M
Prepaid Expenses	83.6M	66.8M	71.1M	63.7M	88.2M
Other Current Assets, Total	194M	40.5M	19.6M	11.4M	15.1M
Total Current Assets	2.64B	1.89B	2.14B	1.44B	1.61B
Gross Property Plant And Equipment	2.3B	2.05B	1.83B	1.33B	1.42B
Accumulated Depreciation	-712M	-793M	-782M	-696M	-727M
Net Property Plant And Equipment	1.59B	1.25B	1.04B	638M	693M
Long-term Investments	148M	73.5M	54.3M	57.4M	59.7M
Goodwill	2.17B	956M	782M	781M	780M
Other Intangibles, Total	355M	180M	154M	131M	134M
Accounts Receivable Long-Term	6.9M	12.9M	24.1M	22.2M	22.5M
Loans Receivable Long-Term	48.6M	42.1M	12.1M	9.5M	3.9M
Deferred Tax Assets Long-Term	191M	141M	47M	112M	132M
Deferred Charges Long-Term	24.8M	21.6M	31.1M	13.6M	25.2M
Other Long-Term Assets, Total	353M	56.3M	311M	107M	118M
Total Assets	7.53B	4.63B	4.6B	3.31B	3.58B
Liabilities
Accounts Payable, Total	474M	411M	165M	239M	314M
Accrued Expenses, Total	348M	662M	695M	630M	620M
Short-term Borrowings	2.7M	374M	390M	-	-
Current Portion of Long-Term Debt	398M	9.9M	474M	19.6M	20.4M
Current Portion of Leases	138M	126M	105M	49.9M	44.6M
Current Income Taxes Payable	5.9M	9.7M	17.7M	15.8M	16.6M
Unearned Revenue Current, Total	240M	396M	518M	616M	762M
Other Current Liabilities	426M	123M	116M	123M	104M
Total Current Liabilities	2.03B	2.11B	2.48B	1.69B	1.88B
Long-Term Debt	2.07B	1.33B	848M	768M	747M
Long-Term Leases	535M	486M	329M	179M	186M
Pension & Other Post Retirement Benefits	180M	334M	109M	156M	217M
Deferred Tax Liability Non Current	115M	7.7M	9.6M	7M	6.4M
Other Non Current Liabilities	50.3M	112M	121M	135M	136M
Total Liabilities	4.98B	4.39B	3.9B	2.94B	3.17B
Common Stock, Total	303M	303M	303M	303M	303M
Additional Paid In Capital	873M	873M	873M	873M	873M
Retained Earnings	711M	-1.63B	-1.24B	-1.57B	-1.52B
Comprehensive Income and Other	647M	680M	747M	746M	736M
Total Common Equity	2.53B	227M	682M	354M	389M
Minority Interest	15.7M	16M	19.5M	17M	17.2M
Total Equity	2.55B	243M	702M	371M	406M
Total Liabilities And Equity	7.53B	4.63B	4.6B	3.31B	3.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	505M	505M	505M	506M	504M
ECS Total Common Shares Outstanding	505M	505M	505M	506M	504M
Book Value / Share	5.01	0.45	1.35	0.7	0.77
Tangible Book Value	8.3M	-909M	-255M	-559M	-525M
Tangible Book Value Per Share	0.02	-1.8	-0.5	-1.11	-1.04
Total Debt	3.14B	2.33B	2.15B	1.02B	998M
Net Debt	1.78B	1.42B	999M	565M	427M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-145M	293M	-192M	61.4M	110M
Debt Equivalent Oper. Leases	80M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	15.7M	16M	19.5M	17M	17.2M
Equity Method Investments, Total	148M	73.5M	54.3M	57.4M	59.7M
Account Code - Inventory Valuation	5	3	3	3	5
Inventories - Raw Materials, Total	112M	79.2M	77.3M	58.6M	58.1M
Inventories - Work In Process, Total	6M	7.2M	4.1M	7.2M	4.6M
Inventories - Finished Goods, Total	75.6M	76M	61.3M	61M	125M
Machinery, Total	1.24B	964M	829M	668M	692M
Full Time Employees	32.82K	29.14K	28.34K	26.12K	28.34K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7M	14M	14.6M	7.3M	8.5M
Order Backlog	17.6B	8.7B	9.9B	9.48B	10.33B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-195M	-1.7B	164M	-35M	166M
Depreciation & Amortization - CF	210M	220M	164M	154M	91.8M
Amortization of Goodwill and Intangible Assets - (CF)	81.5M	40.2M	21.4M	15.8M	10.8M
Depreciation & Amortization, Total	292M	260M	185M	170M	103M
Amortization of Deferred Charges, Total - (CF)	15M	20.3M	17.7M	15.6M	16.2M
(Gain) Loss From Sale Of Asset	-71.2M	76.1M	-144M	77.9M	-17.1M
(Gain) Loss on Sale of Investments - (CF)	-	-	-32.4M	-	-2M
Asset Writedown & Restructuring Costs	423M	1.49B	142M	23.5M	2.1M
Provision for Credit Losses	-	7M	-	-	-
(Income) Loss On Equity Investments - (CF)	-	13.1M	-20.1M	-9.3M	-9.2M
Stock-Based Compensation (CF)	2.9M	3.2M	5.5M	9.4M	12.4M
Other Operating Activities, Total	-186M	-64.7M	-101M	-150M	-90M
Change In Accounts Receivable	-8.4M	86.8M	-112M	-126M	-12.2M
Change In Inventories	-10.9M	32.9M	10.6M	-25.7M	-67.1M
Change In Accounts Payable	7.4M	212M	-77.8M	131M	56.1M
Change in Unearned Revenues	-	-	-	132M	149M
Change in Other Net Operating Assets	62.4M	-14.6M	-30.9M	47.9M	8.1M
Cash from Operations	330M	423M	6.8M	261M	315M
Capital Expenditure	-146M	-171M	-191M	-104M	-110M
Sale of Property, Plant, and Equipment	30.1M	32.2M	68M	38.5M	30.6M
Cash Acquisitions	-	-	-15.5M	-	-
Divestitures	105M	91.2M	438M	180M	-1.3M
Sale (Purchase) of Intangible assets	-29.1M	-19.6M	-12.4M	-20.5M	-32.7M
Investment in Marketable and Equity Securities, Total	-6.4M	-8.8M	-2.6M	-	-
Other Investing Activities, Total	48.3M	51.4M	53.7M	-9.8M	12.5M
Cash from Investing	2.7M	-24.4M	339M	83.5M	-101M
Long-Term Debt Issued, Total	1.22B	25.1M	23.1M	417M	-
Total Debt Issued	1.22B	25.1M	23.1M	417M	-
Long-Term Debt Repaid, Total	-315M	-1.3B	-145M	-1.08B	-62.7M
Total Debt Repaid	-315M	-1.3B	-145M	-1.08B	-62.7M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-2.9M	-2.2M	-	-	-12.5M
Common Dividends Paid	-152M	-	-	-	-8.5M
Common & Preferred Stock Dividends Paid	-152M	-	-	-	-8.5M
Other Financing Activities, Total	-1.8M	52.8M	-1.1M	-1.4M	-1.8M
Cash from Financing	750M	-1.22B	-123M	-666M	-85.5M
Foreign Exchange Rate Adjustments	-10.1M	3.1M	2.9M	-5.7M	-5.5M
Net Change in Cash	1.07B	-818M	226M	-327M	123M
Supplemental Items
Cash Interest Paid	84.9M	79.4M	54.9M	77M	54.3M
Cash Income Tax Paid (Refund)	72.4M	-19.4M	-10M	25.4M	27.4M
Levered Free Cash Flow	97.22M	215M	-53.7M	246M	248M
Unlevered Free Cash Flow	145M	260M	-7.76M	277M	277M
Change In Net Working Capital	87.3M	-384M	131M	-114M	-137M
Net Debt Issued / Repaid	907M	-1.27B	-122M	-665M	-62.7M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.42	-3.48	2.6	2.43	4.47
Return on Total Capital	1.94	-5.01	4.45	4.54	11.03
Return On Equity %	-7.11	-133.06	36.09	-6.21	43.29
Return on Common Equity	-7.23	-134.73	36.69	-6.76	44.61
Margin Analysis
Gross Profit Margin %	11.44	0.62	11.69	3.3	5.63
SG&A Margin	7.95	8.9	7.02	-0.17	0.02
EBITDA Margin %	7.14	-5.24	6.63	5.45	7.04
EBITA Margin %	5.32	-7.31	5.2	3.82	5.86
EBIT Margin %	3.49	-8.27	4.68	3.47	5.61
Income From Continuing Operations Margin %	-4.34	-40.69	4.09	-0.75	3.83
Net Income Margin %