Cash flow Banijay Group N.V.

Equities

BNJ

NL0015000X07

Entertainment Production

Market Closed - Euronext Amsterdam Other stock markets 10:43:37 2024-09-13 am EDT			5-day change	1st Jan Change
8.850 ^EUR	+1.72%		+1.72%	+4.73%

Aug. 01	Banijay Group N.V. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
May. 27	FL Entertainment N.V. will Change its Ticker to BNJ from FLE	CI

08178042982.CniT5o1-X3ep63E9VzgVcyER8zbIxIb5rNaTv5LfMH0.bSDKy_0KbASRny5cG0h0FG5Wy06Yle6KzqLj6fmGUTNPSMS86D8aEf-oQQ

Published financial data: BANIJAY GROUP N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.46B	2.13B	3.5B	4.05B	4.32B
Total Revenues	1.46B	2.13B	3.5B	4.05B	4.32B
Cost of Goods Sold, Total	1.27B	1.79B	3.18B	3.02B	3.08B
Gross Profit	185M	337M	320M	1.03B	1.24B
Selling General & Admin Expenses, Total	-	-	-	82.9M	170M
Depreciation & Amortization - (IS)	81.5M	87.7M	142M	150M	134M
Other Operating Expenses	13.7M	3.4M	44.5M	418M	496M
Other Operating Expenses, Total	95.2M	91.1M	186M	651M	801M
Operating Income	90.1M	246M	133M	380M	434M
Interest Expense, Total	-27.8M	-116M	-136M	-146M	-199M
Interest And Investment Income	-	-	800K	2M	3.7M
Net Interest Expenses	-27.8M	-116M	-135M	-144M	-196M
Income (Loss) On Equity Invest.	-5.5M	-4.3M	-1.2M	-2.2M	-4.3M
Other Non Operating Income (Expenses)	-45.3M	6.1M	2M	-113M	-48.7M
EBT, Excl. Unusual Items	11.5M	132M	-1.2M	121M	186M
Restructuring Charges	-	-	-	-118M	-32.5M
Merger & Related Restructuring Charges	-	-49M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	4.1M	-	-
Legal Settlements	-	-	-27.1M	-8.4M	7.8M
Other Unusual Items	-	-11M	-	1.5M	-9.4M
EBT, Incl. Unusual Items	11.5M	72.1M	-24.2M	-4.2M	152M
Income Tax Expense	23.8M	24.6M	49.2M	76.9M	78.2M
Earnings From Continuing Operations	-12.3M	47.5M	-73.4M	-81.1M	73.6M
Net Income to Company	-12.3M	47.5M	-73.4M	-81.1M	73.6M
Minority Interest	-5.3M	-41.7M	30.4M	-6.9M	-12.8M
Net Income - (IS)	-17.6M	5.8M	-43M	-88M	60.8M
Net Income to Common Incl Extra Items	-17.6M	5.8M	-43M	-88M	60.8M
Net Income to Common Excl. Extra Items	-17.6M	5.8M	-43M	-88M	60.8M
Per Share Items
Net EPS - Basic	-	-	-0.11	-0.3	0.15
Basic EPS - Continuing Operations	-	-	-0.11	-0.3	0.15
Basic Weighted Average Shares Outstanding	-	-	409M	297M	417M
Net EPS - Diluted	-	-	-0.11	-0.3	0.14
Diluted EPS - Continuing Operations	-	-	-0.11	-0.3	0.14
Diluted Weighted Average Shares Outstanding	-	-	409M	297M	424M
Normalized Basic EPS	-	-	0.07	0.23	0.25
Normalized Diluted EPS	-	-	0.07	0.23	0.24
Dividend Per Share	-	-	-	0.36	0.35
Payout Ratio	-	-	-	-1.82	243.75
Supplemental Items
EBITDA	172M	334M	275M	530M	571M
EBITA	90.1M	246M	133M	380M	434M
EBIT	90.1M	246M	133M	380M	434M
EBITDAR	-	-	-	612M	651M
Effective Tax Rate - (Ratio)	206.96	34.12	-203.31	-1.83K	51.52
Total Current Taxes	-	-	-	84.4M	84.8M
Total Deferred Taxes	-	-	-	-7.5M	-6.6M
Normalized Net Income	1.89M	40.86M	29.65M	68.48M	103M
Interest on Long-Term Debt	-	-	-	4.5M	6.6M
Non-Cash Pension Expense	-	-	-	-	4.8M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	90.7M
Selling and Marketing Expenses	-	-	-	-	90.7M
Net Rental Expense, Total	-	-	-	82.9M	79.7M
Imputed Operating Lease Interest Expense	-	-	-	33.58M	43.15M
Imputed Operating Lease Depreciation	-	-	-	49.32M	36.55M
Stock-Based Comp., Other (Total)	-	-	-	26.1M	26.6M
Total Stock-Based Compensation	-	-	-	26.1M	26.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	181M	399M	434M	479M	464M
Total Cash And Short Term Investments	181M	399M	434M	479M	464M
Accounts Receivable, Total	174M	445M	464M	496M	589M
Other Receivables	-	-	-	214M	294M
Notes Receivable	-	-	-	15.3M	21.3M
Total Receivables	174M	445M	464M	726M	904M
Inventory	131M	427M	677M	705M	678M
Prepaid Expenses	-	-	-	26.1M	36.2M
Restricted Cash	-	-	-	500K	300K
Other Current Assets, Total	268M	280M	339M	56.9M	36.3M
Total Current Assets	754M	1.55B	1.91B	1.99B	2.12B
Gross Property Plant And Equipment	-	-	-	555M	592M
Accumulated Depreciation	-	-	-	-335M	-372M
Net Property Plant And Equipment	100M	251M	226M	220M	220M
Long-term Investments	6M	2.7M	11.1M	54.6M	153M
Goodwill	731M	2.45B	2.49B	2.57B	2.83B
Other Intangibles, Total	68.7M	257M	237M	195M	205M
Accounts Receivable Long-Term	-	-	-	17.8M	24M
Loans Receivable Long-Term	-	-	-	16.2M	24.5M
Deferred Tax Assets Long-Term	29M	51.3M	47.6M	51.9M	58.4M
Other Long-Term Assets, Total	106M	83.2M	113M	123M	95.8M
Total Assets	1.79B	4.65B	5.04B	5.24B	5.73B
Liabilities
Accounts Payable, Total	209M	435M	511M	664M	710M
Accrued Expenses, Total	-	-	-	261M	447M
Short-term Borrowings	29.5M	38.3M	31.2M	800K	1.5M
Current Portion of Long-Term Debt	59M	113M	275M	349M	357M
Current Portion of Leases	17.1M	38M	40.2M	40.4M	41.8M
Current Income Taxes Payable	-	-	-	51.6M	43.1M
Unearned Revenue Current, Total	222M	552M	777M	693M	750M
Other Current Liabilities	249M	407M	496M	137M	118M
Total Current Liabilities	785M	1.58B	2.13B	2.2B	2.47B
Long-Term Debt	578M	2.47B	2.46B	2.29B	2.55B
Long-Term Leases	59.2M	165M	143M	131M	126M
Deferred Tax Liability Non Current	3M	7.1M	3.2M	7.4M	7.9M
Other Non Current Liabilities	253M	283M	314M	600M	526M
Total Liabilities	1.68B	4.51B	5.05B	5.22B	5.68B
Common Stock, Total	-	-	-	8M	8.1M
Additional Paid In Capital	-	-	-	4.14B	4.11B
Retained Earnings	120M	94.7M	30.6M	-4.14B	-4.08B
Treasury Stock	-	-	-	-100K	-200K
Comprehensive Income and Other	100K	-	-	100K	-100K
Total Common Equity	120M	94.7M	30.6M	11.7M	33M
Minority Interest	-3.2M	43.5M	-36.7M	6.3M	20.2M
Total Equity	116M	138M	-6.1M	18M	53.2M
Total Liabilities And Equity	1.79B	4.65B	5.04B	5.24B	5.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	409M	412M	423M
ECS Total Common Shares Outstanding	-	-	409M	412M	423M
Book Value / Share	-	-	0.07	0.03	0.08
Tangible Book Value	-680M	-2.61B	-2.7B	-2.75B	-3.01B
Tangible Book Value Per Share	-	-	-6.6	-6.69	-7.1
Total Debt	743M	2.82B	2.95B	2.81B	3.08B
Net Debt	561M	2.43B	2.51B	2.33B	2.61B
Debt Equivalent Oper. Leases	-	-	-	663M	638M
Minority Interest, Total (Incl. Fin. Div)	-3.2M	43.5M	-36.7M	6.3M	20.2M
Equity Method Investments, Total	6M	2.7M	11.1M	14M	31.7M
Account Code - Inventory Valuation	-	-	3	3	3
Inventories - Work In Process, Total	-	-	-	-	678M
Land - (BS)	-	-	-	91M	104M
Machinery, Total	-	-	-	184M	198M
Full Time Employees	-	-	3.44K	3.82K	4.55K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	13M	13.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-17.6M	5.8M	-43M	-88M	60.8M
Depreciation & Amortization - CF	81.5M	87.7M	142M	150M	137M
Depreciation & Amortization, Total	81.5M	87.7M	142M	150M	137M
Asset Writedown & Restructuring Costs	-	-	-	400K	5.1M
(Income) Loss On Equity Investments - (CF)	-	-	-	2.2M	4.3M
Stock-Based Compensation (CF)	-	-	-	148M	167M
Other Operating Activities, Total	148M	213M	305M	339M	243M
Change in Other Net Operating Assets	-	-	-	-92.3M	-99.5M
Cash from Operations	212M	307M	404M	459M	517M
Capital Expenditure	-	-	-	-68.1M	-84.9M
Sale of Property, Plant, and Equipment	-	-	-	-	800K
Cash Acquisitions	-	-	-	116M	-142M
Divestitures	-	-	-	-9.1M	1.2M
Investment in Marketable and Equity Securities, Total	-	-	-	-40.4M	-112M
Other Investing Activities, Total	-78M	-1.91B	-97.1M	-	300K
Cash from Investing	-78M	-1.91B	-97.1M	-1.1M	-336M
Long-Term Debt Issued, Total	-	-	-	20.7M	1.29B
Total Debt Issued	-	-	-	20.7M	1.29B
Long-Term Debt Repaid, Total	-	-	-	-399M	-1.07B
Total Debt Repaid	-	-	-	-399M	-1.07B
Issuance of Common Stock	-	-	-	364M	-
Repurchase of Common Stock	-	-	-	-	-100K
Common Dividends Paid	-	-	-	-1.6M	-148M
Common & Preferred Stock Dividends Paid	-	-	-	-1.6M	-148M
Other Financing Activities, Total	-136M	1.8B	-258M	-413M	-243M
Cash from Financing	-136M	1.8B	-258M	-430M	-168M
Foreign Exchange Rate Adjustments	600K	4.9M	-4.4M	19.1M	-29.7M
Miscellaneous Cash Flow Adjustments	-	-	-100K	-	-100K
Net Change in Cash	-1.5M	210M	43.9M	47M	-16.5M
Supplemental Items
Cash Interest Paid	-	-	126M	131M	196M
Cash Income Tax Paid (Refund)	-	-	-	74.5M	99.1M
Levered Free Cash Flow	-	305M	202M	242M	346M
Unlevered Free Cash Flow	-	377M	287M	333M	471M
Change In Net Working Capital	-	-136M	-62.2M	12.6M	-121M
Net Debt Issued / Repaid	-	-	-	-378M	223M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	4.78	1.72	4.61	4.95
Return on Total Capital	-	8.05	2.82	8.22	9.11
Return On Equity %	-	37.3	-111.13	-1.36K	206.74
Return on Common Equity	-	5.41	-68.64	-416.08	272.04
Margin Analysis
Gross Profit Margin %	12.73	15.85	9.14	25.46	28.61
SG&A Margin	-	-	-	2.05	3.95
EBITDA Margin %	11.79	15.69	7.86	13.09	13.23
EBITA Margin %	6.19	11.57	3.81	9.38	10.06
EBIT Margin %	6.19	11.57	3.81	9.38	10.06
Income From Continuing Operations Margin %	-0.84	2.23	-2.1	-2	1.7
Net Income Margin %	-1.21	0.27	-1.23	-2.17	1.41
Net Avail. For Common Margin %	-1.21	0.27	-1.23	-2.17	1.41
Normalized Net Income Margin	0.13	1.92	0.85	1.69	2.39
Levered Free Cash Flow Margin	-	14.33	5.78	5.97	8.03
Unlevered Free Cash Flow Margin	-	17.73	8.21	8.22	10.91
Asset Turnover
Asset Turnover	-	0.66	0.72	0.79	0.79
Fixed Assets Turnover	-	12.11	14.64	18.13	19.63
Receivables Turnover (Average Receivables)	-	6.87	7.69	8.43	7.96
Inventory Turnover (Average Inventory)	-	6.41	5.76	4.37	4.46
Short Term Liquidity
Current Ratio	0.96	0.98	0.9	0.91	0.86
Quick Ratio	0.45	0.53	0.42	0.54	0.55
Operating Cash Flow to Current Liabilities	0.27	0.19	0.19	0.21	0.21
Days Sales Outstanding (Average Receivables)	-	53.25	47.44	43.3	45.88
Days Outstanding Inventory (Average Inventory)	-	57.09	63.41	83.61	81.91
Average Days Payable Outstanding	-	56.47	50.41	70.41	82.03
Cash Conversion Cycle (Average Days)	-	53.88	60.44	56.5	45.76
Long Term Solvency
Total Debt/Equity	637.42	2.04K	-48.32K	15.62K	5.79K
Total Debt / Total Capital	86.44	95.34	100.21	99.36	98.3
LT Debt/Equity	546.78	1.91K	-42.64K	13.45K	5.03K
Long-Term Debt / Total Capital	74.15	88.96	88.43	85.59	85.52
Total Liabilities / Total Assets	93.51	97.03	100.12	99.66	99.07
EBIT / Interest Expense	3.24	2.12	0.98	2.6	2.18
EBITDA / Interest Expense	6.17	2.88	2.02	3.63	2.87
(EBITDA - Capex) / Interest Expense	6.17	2.88	2.02	3.17	2.44
Total Debt / EBITDA	4.33	8.46	10.72	5.31	5.39
Net Debt / EBITDA	3.27	7.26	9.14	4.4	4.58
Total Debt / (EBITDA - Capex)	4.33	8.46	10.72	6.09	6.33
Net Debt / (EBITDA - Capex)	3.27	7.26	9.14	5.05	5.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	46.24	64.29	15.72	6.7
Gross Profit, 1 Yr. Growth %	-	82.08	-5.31	40.12	10.88
EBITDA, 1 Yr. Growth %	-	94.64	-17.66	75.42	8.43
EBITA, 1 Yr. Growth %	-	173.36	-45.88	136.89	14.49
EBIT, 1 Yr. Growth %	-	173.36	-45.88	136.89	14.49
Earnings From Cont. Operations, 1 Yr. Growth %	-	-486.18	-254.53	10.49	-190.75
Net Income, 1 Yr. Growth %	-	-132.95	-841.38	104.65	-169.09
Normalized Net Income, 1 Yr. Growth %	-	2.06K	-27.44	47.58	50.99
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	24.52	-146.67
Accounts Receivable, 1 Yr. Growth %	-	155.98	4.09	7.1	18.61
Inventory, 1 Yr. Growth %	-	225.27	58.33	4.21	-3.84
Net Property, Plant and Equip., 1 Yr. Growth %	-	151.15	-9.94	-2.83	-0.09
Total Assets, 1 Yr. Growth %	-	158.98	8.48	3.98	9.35
Tangible Book Value, 1 Yr. Growth %	-	284.35	3.34	1.97	9.17
Common Equity, 1 Yr. Growth %	-	-20.89	-67.69	-61.76	182.05
Cash From Operations, 1 Yr. Growth %	-	44.85	31.52	13.66	12.73
Capital Expenditures, 1 Yr. Growth %	-	-	-	2.41	24.67
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-33.71	-33.56	45.05
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-23.9	-25.84	42.79
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-2.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	55	37.88	11.12
Gross Profit, 2 Yr. CAGR %	-	-	31.31	74.75	29.62
EBITDA, 2 Yr. CAGR %	-	-	26.59	25.92	37.55
EBITA, 2 Yr. CAGR %	-	-	21.63	24.13	64.69
EBIT, 2 Yr. CAGR %	-	-	21.63	24.13	64.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	144.28	30.67	0.14
Net Income, 2 Yr. CAGR %	-	-	56.31	289.52	18.91
Normalized Net Income, 2 Yr. CAGR %	-	-	296.34	29.45	49.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	-23.77
Accounts Receivable, 2 Yr. CAGR %	-	-	63.23	5.58