Cash flow Beiersdorf

Equities

BEI

DE0005200000

Personal Products

Market Closed - Xetra Other stock markets 11:39:13 2024-09-17 am EDT			5-day change	1st Jan Change
125.70 ^EUR	-0.98%		-1.80%	-7.37%

Sep. 09	BEIERSDORF AG : Gets a Neutral rating from Bernstein	ZD
Sep. 04	Beiersdorf: partnership with American Macro Biologics	CF

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Published financial data: BEIERSDORF

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.65B	7.02B	7.63B	8.8B	9.45B
Total Revenues	7.65B	7.02B	7.63B	8.8B	9.45B
Cost of Goods Sold, Total	3.22B	2.98B	3.27B	3.84B	4.03B
Gross Profit	4.43B	4.04B	4.36B	4.96B	5.42B
Selling General & Admin Expenses, Total	3.1B	2.89B	3.13B	3.53B	3.83B
R&D Expenses	236M	246M	268M	291M	320M
Other Operating Expenses	-30M	-7M	-45M	-85M	80M
Other Operating Expenses, Total	3.3B	3.13B	3.35B	3.74B	4.23B
Operating Income	1.13B	908M	1.01B	1.22B	1.18B
Interest Expense, Total	-13M	-13M	-14M	-16M	-26M
Interest And Investment Income	37M	33M	32M	36M	43M
Net Interest Expenses	24M	20M	18M	20M	17M
Currency Exchange Gains (Loss)	-25M	-14M	5M	-69M	-47M
Other Non Operating Income (Expenses)	-6M	-18M	-36M	-6M	-5M
EBT, Excl. Unusual Items	1.12B	896M	993M	1.16B	1.15B
Restructuring Charges	-41M	-48M	-54M	-61M	-31M
Merger & Related Restructuring Charges	-25M	-14M	-17M	-6M	-7M
Impairment of Goodwill	-	-10M	-9M	-8M	-5M
Gain (Loss) On Sale Of Assets	-21M	-3M	0	12M	7M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-6M	-5M	-8M
EBT, Incl. Unusual Items	1.04B	821M	907M	1.1B	1.1B
Income Tax Expense	301M	244M	252M	325M	356M
Earnings From Continuing Operations	736M	577M	655M	771M	749M
Net Income to Company	736M	577M	655M	771M	749M
Minority Interest	-18M	-17M	-17M	-16M	-13M
Net Income - (IS)	718M	560M	638M	755M	736M
Net Income to Common Incl Extra Items	718M	560M	638M	755M	736M
Net Income to Common Excl. Extra Items	718M	560M	638M	755M	736M
Per Share Items
Net EPS - Basic	3.17	2.47	2.81	3.33	3.24
Basic EPS - Continuing Operations	3.17	2.47	2.81	3.33	3.24
Basic Weighted Average Shares Outstanding	227M	227M	227M	227M	227M
Net EPS - Diluted	3.17	2.47	2.81	3.33	3.24
Diluted EPS - Continuing Operations	3.17	2.47	2.81	3.33	3.24
Diluted Weighted Average Shares Outstanding	227M	227M	227M	227M	227M
Normalized Basic EPS	3.02	2.39	2.66	3.14	3.11
Normalized Diluted EPS	3.02	2.39	2.66	3.14	3.11
Dividend Per Share	0.7	0.7	0.7	0.7	1
Payout Ratio	22.14	28.39	24.92	21.06	21.6
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	1.3B	1.09B	1.22B	1.43B	1.4B
EBITA	1.16B	932M	1.03B	1.25B	1.22B
EBIT	1.13B	908M	1.01B	1.22B	1.18B
EBITDAR	1.34B	1.11B	1.24B	1.46B	1.44B
Effective Tax Rate - (Ratio)	29.03	29.72	27.78	29.65	32.22
Current Domestic Taxes	101M	64M	76M	65M	109M
Current Foreign Taxes	237M	191M	193M	272M	307M
Total Current Taxes	338M	255M	269M	337M	416M
Total Deferred Taxes	-37M	-11M	-17M	-12M	-60M
Normalized Net Income	684M	543M	604M	712M	705M
Interest on Long-Term Debt	3M	-	-	-	6M
Non-Cash Pension Expense	14M	9M	8M	18M	12M
Supplemental Operating Expense Items
Marketing Expenses	1.64B	1.55B	1.69B	1.88B	2.08B
Selling and Marketing Expenses	2.67B	2.48B	2.68B	3B	3.25B
General and Administrative Expenses	416M	400M	448M	524M	570M
Research And Development Expense From Footnotes	236M	246M	268M	291M	320M
Net Rental Expense, Total	35M	22M	27M	34M	40M
Imputed Operating Lease Interest Expense	15.29M	9.78M	20.3M	21.13M	48.51M
Imputed Operating Lease Depreciation	19.71M	12.22M	6.7M	12.87M	-8.51M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.14B	1B	1.04B	1.08B	1.13B
Short Term Investments	745M	605M	724M	835M	1.1B
Trading Asset Securities, Total	107M	112M	16M	83M	288M
Total Cash And Short Term Investments	1.99B	1.72B	1.78B	2B	2.52B
Accounts Receivable, Total	1.44B	1.24B	1.31B	1.51B	1.6B
Other Receivables	140M	169M	207M	205M	227M
Total Receivables	1.58B	1.41B	1.51B	1.71B	1.82B
Inventory	1.02B	1B	1.14B	1.56B	1.51B
Other Current Assets, Total	155M	140M	198M	274M	254M
Total Current Assets	4.75B	4.28B	4.63B	5.54B	6.11B
Gross Property Plant And Equipment	3.12B	3.17B	3.34B	3.44B	4.03B
Accumulated Depreciation	-1.74B	-1.88B	-2.02B	-2.04B	-2.12B
Net Property Plant And Equipment	1.37B	1.29B	1.32B	1.4B	1.91B
Long-term Investments	2.8B	3.42B	3.94B	3.18B	2.68B
Goodwill	492M	239M	244M	766M	584M
Other Intangibles, Total	98M	306M	294M	345M	354M
Deferred Tax Assets Long-Term	270M	289M	292M	258M	304M
Other Long-Term Assets, Total	289M	391M	583M	853M	687M
Total Assets	10.06B	10.2B	11.3B	12.35B	12.63B
Liabilities
Accounts Payable, Total	1.66B	1.64B	1.97B	2.33B	2.23B
Accrued Expenses, Total	380M	376M	441M	489M	530M
Short-term Borrowings	281M	55M	95M	163M	20M
Current Portion of Leases	60M	72M	76M	78M	82M
Current Income Taxes Payable	163M	156M	160M	183M	152M
Other Current Liabilities	293M	448M	580M	520M	486M
Total Current Liabilities	2.84B	2.75B	3.32B	3.76B	3.5B
Long-Term Leases	117M	-	-	-	-
Pension & Other Post Retirement Benefits	878M	972M	808M	382M	350M
Deferred Tax Liability Non Current	27M	13M	38M	137M	133M
Other Non Current Liabilities	113M	208M	234M	263M	303M
Total Liabilities	3.97B	3.94B	4.4B	4.54B	4.29B
Common Stock, Total	252M	252M	252M	252M	252M
Additional Paid In Capital	47M	47M	47M	47M	47M
Retained Earnings	5.94B	6.28B	6.88B	7.72B	8.32B
Comprehensive Income and Other	-177M	-343M	-307M	-239M	-292M
Total Common Equity	6.07B	6.24B	6.87B	7.78B	8.32B
Minority Interest	27M	24M	23M	20M	17M
Total Equity	6.09B	6.26B	6.89B	7.8B	8.34B
Total Liabilities And Equity	10.06B	10.2B	11.3B	12.35B	12.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	227M	227M	227M	227M	227M
ECS Total Common Shares Outstanding	227M	227M	227M	227M	227M
Book Value / Share	26.74	27.51	30.29	34.32	36.69
Tangible Book Value	5.48B	5.69B	6.33B	6.67B	7.38B
Tangible Book Value Per Share	24.14	25.1	27.92	29.42	32.55
Total Debt	458M	127M	171M	241M	102M
Net Debt	-1.54B	-1.6B	-1.6B	-1.76B	-2.42B
Debt Equivalent of Unfunded Proj. Benefit Obligation	866M	965M	782M	345M	321M
Debt Equivalent Oper. Leases	280M	176M	216M	272M	320M
Minority Interest, Total (Incl. Fin. Div)	27M	24M	23M	20M	17M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	228M	217M	266M	366M	363M
Inventories - Work In Process, Total	54M	56M	63M	78M	77M
Inventories - Finished Goods, Total	731M	725M	811M	1.11B	1.07B
Inventories - Others	3M	3M	4M	4M	5M
Land - (BS)	994M	966M	992M	989M	1.35B
Machinery, Total	1.88B	1.94B	2.01B	2.07B	2.23B
Full Time Employees	20.65K	20.31K	20.57K	21.4K	21.96K
Accumulated Allowance for Doubtful Accounts (Supple)	48M	51M	50M	54M	68M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	718M	560M	638M	755M	736M
Depreciation & Amortization - CF	209M	223M	252M	246M	251M
Amortization of Goodwill and Intangible Assets - (CF)	27M	24M	26M	33M	37M
Depreciation & Amortization, Total	236M	247M	278M	279M	288M
(Gain) Loss From Sale Of Asset	1M	3M	-9M	-5M	-6M
Asset Writedown & Restructuring Costs	3M	10M	9M	8M	161M
Other Operating Activities, Total	-116M	-18M	-19M	47M	-122M
Change In Accounts Receivable	-18M	195M	-195M	-288M	-108M
Change In Inventories	-30M	11M	-145M	-395M	43M
Change in Other Net Operating Assets	188M	-24M	436M	396M	-51M
Cash from Operations	982M	984M	993M	797M	941M
Capital Expenditure	-320M	-280M	-413M	-548M	-517M
Sale of Property, Plant, and Equipment	13M	8M	45M	29M	16M
Cash Acquisitions	-452M	-	-	-545M	-
Divestitures	-	-	10M	10M	23M
Investment in Marketable and Equity Securities, Total	-31M	-512M	-548M	576M	62M
Other Investing Activities, Total	40M	53M	61M	76M	75M
Cash from Investing	-750M	-731M	-845M	-402M	-341M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	364M	111M	185M	451M	16M
Total Debt Issued	364M	111M	185M	451M	16M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-165M	-238M	-123M	-515M	-268M
Total Debt Repaid	-165M	-238M	-123M	-515M	-268M
Common Dividends Paid	-159M	-159M	-159M	-159M	-159M
Common & Preferred Stock Dividends Paid	-159M	-159M	-159M	-159M	-159M
Other Financing Activities, Total	-61M	-31M	-44M	-122M	-81M
Cash from Financing	-21M	-317M	-141M	-345M	-492M
Foreign Exchange Rate Adjustments	12M	-76M	24M	-6M	-55M
Net Change in Cash	223M	-140M	31M	44M	53M
Supplemental Items
Cash Interest Paid	9M	9M	12M	15M	19M
Cash Income Tax Paid (Refund)	395M	291M	305M	312M	464M
Levered Free Cash Flow	672M	847M	716M	160M	328M
Unlevered Free Cash Flow	680M	856M	725M	170M	344M
Change In Net Working Capital	-57M	-321M	-231M	323M	167M
Net Debt Issued / Repaid	199M	-127M	62M	-64M	-252M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.47	5.6	5.85	6.44	5.93
Return on Total Capital	11.57	8.85	9.35	10.08	8.98
Return On Equity %	12.54	9.34	9.96	10.49	9.28
Return on Common Equity	12.28	9.1	9.73	10.3	9.14
Margin Analysis
Gross Profit Margin %	57.91	57.52	57.17	56.34	57.33
SG&A Margin	40.44	41.2	41.05	40.14	40.56
EBITDA Margin %	17.05	15.54	15.96	16.24	14.84
EBITA Margin %	15.13	13.27	13.53	14.23	12.92
EBIT Margin %	14.78	12.93	13.19	13.85	12.53
Income From Continuing Operations Margin %	9.62	8.21	8.59	8.76	7.93
Net Income Margin %	9.38	7.97	8.36	8.58	7.79
Net Avail. For Common Margin %	9.38	7.97	8.36	8.58	7.79
Normalized Net Income Margin	8.94	7.73	7.91	8.09	7.46
Levered Free Cash Flow Margin	8.78	12.06	9.39	1.82	3.47
Unlevered Free Cash Flow Margin	8.88	12.18	9.5	1.93	3.64
Asset Turnover
Asset Turnover	0.81	0.69	0.71	0.74	0.76
Fixed Assets Turnover	6.54	5.29	5.85	6.47	5.7
Receivables Turnover (Average Receivables)	5.4	5.23	5.98	6.25	6.08
Inventory Turnover (Average Inventory)	3.22	2.96	3.05	2.84	2.63
Short Term Liquidity
Current Ratio	1.67	1.56	1.39	1.47	1.74
Quick Ratio	1.26	1.14	0.99	0.99	1.24
Operating Cash Flow to Current Liabilities	0.35	0.36	0.3	0.21	0.27
Days Sales Outstanding (Average Receivables)	67.63	69.97	61.02	58.36	60
Days Outstanding Inventory (Average Inventory)	113.43	123.45	119.82	128.3	139.04
Average Days Payable Outstanding	180.42	203.25	193.47	184.47	208.77
Cash Conversion Cycle (Average Days)	0.64	-9.83	-12.63	2.19	-9.73
Long Term Solvency
Total Debt/Equity