Cash flow Burberry Group plc

Equities

BRBY

GB0031743007

Apparel & Accessories Retailers

Market Closed - London S.E. Other stock markets 11:35:11 2024-09-17 am EDT			5-day change	1st Jan Change
605.20 ^GBX	+3.14%		+5.25%	-57.26%

Sep. 16	Burberry presents spring styles in pastel hues against brutalist backdrop	RE
Sep. 11	Burberry Group plc : Now or never?

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Published financial data: BURBERRY GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	2.63B	2.34B	2.83B	3.09B	2.97B
Total Revenues	2.63B	2.34B	2.83B	3.09B	2.97B
Cost of Goods Sold, Total	859M	704M	831M	912M	959M
Gross Profit	1.77B	1.64B	2B	2.18B	2.01B
Selling General & Admin Expenses, Total	1.34B	1.26B	1.49B	1.56B	1.6B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-5M	-34.3M	-18M	-12M	-13M
Other Operating Expenses, Total	1.34B	1.23B	1.47B	1.55B	1.59B
Operating Income	438M	415M	523M	634M	418M
Interest Expense, Total	-25.5M	-29.8M	-31M	-37M	-54M
Interest And Investment Income	7M	2.6M	2M	18M	22M
Net Interest Expenses	-18.5M	-27.2M	-29M	-19M	-32M
Other Non Operating Income (Expenses)	-500K	-3M	-2M	-2M	-3M
EBT, Excl. Unusual Items	419M	384M	492M	613M	383M
Restructuring Charges	-10.6M	-29.8M	-11M	-16M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	19M	-
Asset Writedown	-235M	68.9M	11M	7M	-
Other Unusual Items	-5.2M	66.7M	19M	11M	-
EBT, Incl. Unusual Items	168M	490M	511M	634M	383M
Income Tax Expense	46.9M	114M	114M	142M	112M
Earnings From Continuing Operations	122M	376M	397M	492M	271M
Net Income to Company	122M	376M	397M	492M	271M
Minority Interest	100K	-200K	-1M	-2M	-1M
Net Income - (IS)	122M	376M	396M	490M	270M
Net Income to Common Incl Extra Items	122M	376M	396M	490M	270M
Net Income to Common Excl. Extra Items	122M	376M	396M	490M	270M
Per Share Items
Net EPS - Basic	0.3	0.93	0.98	1.27	0.74
Basic EPS - Continuing Operations	0.3	0.93	0.98	1.27	0.74
Basic Weighted Average Shares Outstanding	408M	404M	402M	386M	365M
Net EPS - Diluted	0.3	0.93	0.98	1.26	0.74
Diluted EPS - Continuing Operations	0.3	0.93	0.98	1.26	0.74
Diluted Weighted Average Shares Outstanding	409M	405M	405M	388M	366M
Normalized Basic EPS	0.64	0.59	0.76	0.99	0.65
Normalized Diluted EPS	0.64	0.59	0.76	0.98	0.65
Dividend Per Share	0.11	0.42	0.47	0.61	0.61
Payout Ratio	143.96	-	55.3	41.43	86.3
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	522M	487M	610M	730M	522M
EBITA	439M	416M	524M	635M	419M
EBIT	438M	415M	523M	634M	418M
EBITDAR	640M	625M	754M	886M	663M
Effective Tax Rate - (Ratio)	27.83	23.32	22.31	22.4	29.24
Current Domestic Taxes	55.6M	18.4M	132M	123M	145M
Current Foreign Taxes	26.1M	69.8M	13M	37M	-9M
Total Current Taxes	81.7M	88.2M	145M	160M	136M
Deferred Domestic Taxes	-8.4M	31.9M	-6M	4M	4M
Deferred Foreign Taxes	-26.4M	-5.8M	-25M	-22M	-28M
Total Deferred Taxes	-34.8M	26.1M	-31M	-18M	-24M
Normalized Net Income	262M	240M	306M	381M	238M
Interest on Long-Term Debt	24.9M	24.9M	31M	35M	47M
Supplemental Operating Expense Items
Selling and Marketing Expenses	842M	943M	1.11B	1.21B	-
General and Administrative Expenses	499M	317M	377M	353M	-
Net Rental Expense, Total	117M	138M	144M	156M	141M
Imputed Operating Lease Interest Expense	31.81M	23.31M	25.85M	31.99M	39.92M
Imputed Operating Lease Depreciation	85.49M	115M	118M	124M	101M
Stock-Based Comp., Other (Total)	2.8M	12.1M	16M	19M	16M
Total Stock-Based Compensation	2.8M	12.1M	16M	19M	16M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	929M	1.26B	1.22B	1.03B	441M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	929M	1.26B	1.22B	1.03B	441M
Accounts Receivable, Total	107M	147M	144M	177M	179M
Other Receivables	160M	130M	193M	174M	250M
Total Receivables	268M	277M	337M	351M	429M
Inventory	450M	402M	426M	447M	507M
Prepaid Expenses	-	39.6M	32M	32M	33M
Other Current Assets, Total	41.7M	2.2M	18M	7M	14M
Total Current Assets	1.69B	1.98B	2.04B	1.86B	1.42B
Gross Property Plant And Equipment	1.87B	1.79B	1.94B	2.1B	2.14B
Accumulated Depreciation	-745M	-688M	-739M	-772M	-723M
Net Property Plant And Equipment	1.13B	1.1B	1.2B	1.33B	1.42B
Long-term Investments	-	-	-	-	-
Goodwill	109M	105M	109M	109M	119M
Other Intangibles, Total	138M	132M	131M	139M	148M
Deferred Tax Assets Long-Term	172M	137M	175M	197M	208M
Other Long-Term Assets, Total	56.2M	47.4M	45M	52M	52M
Total Assets	3.29B	3.5B	3.7B	3.69B	3.37B
Liabilities
Accounts Payable, Total	197M	129M	181M	186M	180M
Accrued Expenses, Total	223M	221M	264M	249M	210M
Short-term Borrowings	41.6M	45.4M	45M	65M	79M
Current Portion of Leases	216M	210M	209M	221M	229M
Current Income Taxes Payable	7.9M	27.9M	39M	43M	86M
Unearned Revenue Current, Total	18.7M	20M	26M	27M	23M
Other Current Liabilities	26.2M	48.9M	40M	38M	50M
Total Current Liabilities	730M	703M	804M	829M	857M
Long-Term Debt	300M	297M	298M	298M	299M
Long-Term Leases	910M	810M	849M	902M	959M
Unearned Revenue Non Current	81.1M	84.6M	82M	76M	60M
Pension & Other Post Retirement Benefits	1.9M	1M	1M	1M	-
Deferred Tax Liability Non Current	100K	800K	1M	1M	1M
Other Non Current Liabilities	49.8M	46.6M	45M	40M	40M
Total Liabilities	2.07B	1.94B	2.08B	2.15B	2.22B
Common Stock, Total	200K	200K	-	-	-
Additional Paid In Capital	221M	223M	227M	230M	231M
Retained Earnings	702M	1.09B	1.12B	1.03B	675M
Comprehensive Income and Other	291M	242M	263M	277M	241M
Total Common Equity	1.21B	1.56B	1.61B	1.53B	1.15B
Minority Interest	4.6M	3.1M	4M	6M	7M
Total Equity	1.22B	1.56B	1.62B	1.54B	1.15B
Total Liabilities And Equity	3.29B	3.5B	3.7B	3.69B	3.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	404M	404M	396M	376M	357M
ECS Total Common Shares Outstanding	404M	404M	396M	376M	357M
Book Value / Share	3.01	3.85	4.07	4.08	3.22
Tangible Book Value	967M	1.32B	1.37B	1.28B	880M
Tangible Book Value Per Share	2.4	3.27	3.47	3.42	2.47
Total Debt	1.47B	1.36B	1.4B	1.49B	1.57B
Net Debt	538M	101M	179M	460M	1.12B
Debt Equivalent Oper. Leases	938M	1.11B	1.15B	1.25B	1.13B
Minority Interest, Total (Incl. Fin. Div)	4.6M	3.1M	4M	6M	7M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	13.3M	12.2M	12M	15M	29M
Inventories - Work In Process, Total	1.5M	800K	1M	1M	3M
Inventories - Finished Goods, Total	436M	389M	413M	431M	475M
Land - (BS)	147M	129M	116M	121M	91M
Machinery, Total	373M	329M	348M	366M	358M
Full Time Employees	10.16K	9.37K	9.29K	9.2K	9.34K
Accumulated Allowance for Doubtful Accounts (Supple)	16.5M	7.9M	7M	7M	10M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	122M	376M	396M	490M	270M
Depreciation & Amortization - CF	304M	244M	274M	304M	337M
Amortization of Goodwill and Intangible Assets - (CF)	900K	900K	1M	1M	1M
Depreciation & Amortization, Total	305M	245M	275M	305M	338M
Amortization of Deferred Charges, Total - (CF)	25.5M	32M	38M	36M	41M
(Gain) Loss From Sale Of Asset	-6.4M	-23.8M	-3M	-19M	3M
Asset Writedown & Restructuring Costs	178M	-32.4M	8M	7M	14M
Stock-Based Compensation (CF)	2.8M	12.1M	16M	19M	16M
Other Operating Activities, Total	-105M	8.4M	-85M	-12M	-10M
Change In Accounts Receivable	-9.8M	-39M	-5M	-17M	-32M
Change In Inventories	27.4M	20.9M	-22M	-10M	-57M
Change In Accounts Payable	-84M	-7.2M	81M	-49M	-77M
Cash from Operations	456M	591M	699M	750M	506M
Capital Expenditure	-85.3M	-72.9M	-124M	-136M	-158M
Sale of Property, Plant, and Equipment	3M	27.2M	8M	32M	-
Cash Acquisitions	-	-	-7M	-	-19M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-63.5M	-41.9M	-37M	-43M	-50M
Other Investing Activities, Total	-5.6M	-2.9M	-4M	-	-4M
Cash from Investing	-151M	-90.5M	-164M	-147M	-231M
Long-Term Debt Issued, Total	300M	595M	-	-	-
Total Debt Issued	300M	595M	-	-	-
Long-Term Debt Repaid, Total	-238M	-752M	-202M	-210M	-231M
Total Debt Repaid	-238M	-752M	-202M	-210M	-231M
Issuance of Common Stock	3.8M	2.2M	4M	3M	1M
Repurchase of Common Stock	-151M	-100K	-161M	-405M	-402M
Common Dividends Paid	-175M	-	-219M	-203M	-233M
Common & Preferred Stock Dividends Paid	-175M	-	-219M	-203M	-233M
Other Financing Activities, Total	-2.7M	-4.3M	-3M	-6M	-
Cash from Financing	-263M	-159M	-581M	-821M	-865M
Foreign Exchange Rate Adjustments	8.5M	-13.2M	7M	2M	-9M
Net Change in Cash	50M	329M	-39M	-216M	-599M
Supplemental Items
Cash Interest Paid	26M	30.1M	32M	40M	52M
Cash Income Tax Paid (Refund)	150M	58M	180M	140M	139M
Levered Free Cash Flow	288M	427M	486M	523M	274M
Unlevered Free Cash Flow	304M	446M	506M	546M	308M
Change In Net Working Capital	155M	-12.8M	-11M	31M	140M
Net Debt Issued / Repaid	61.9M	-157M	-202M	-210M	-231M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	9.74	7.63	9.08	10.73	7.4
Return on Total Capital	13.09	9.24	11.01	13.11	9.09
Return On Equity %	9.08	27.06	24.99	31.18	20.13
Return on Common Equity	9.12	27.12	24.98	31.15	20.15
Margin Analysis
Gross Profit Margin %	67.37	69.98	70.59	70.52	67.69
SG&A Margin	50.92	53.75	52.72	50.42	54.04
EBITDA Margin %	19.84	20.77	21.59	23.59	17.59
EBITA Margin %	16.67	17.73	18.54	20.52	14.12
EBIT Margin %	16.64	17.69	18.51	20.49	14.08
Income From Continuing Operations Margin %	4.62	16.04	14.05	15.9	9.13
Net Income Margin %	4.62	16.03	14.01	15.84	9.1
Net Avail. For Common Margin %	4.62	16.03	14.01	15.84	9.1
Normalized Net Income Margin	9.95	10.24	10.85	12.32	8.03
Levered Free Cash Flow Margin	10.92	18.23	17.22	16.91	9.25
Unlevered Free Cash Flow Margin	11.53	19.02	17.9	17.66	10.39
Asset Turnover
Asset Turnover	0.94	0.69	0.79	0.84	0.84
Fixed Assets Turnover	3.67	2.1	2.46	2.45	2.16
Receivables Turnover (Average Receivables)	23.23	18.46	19.42	19.28	16.67
Inventory Turnover (Average Inventory)	1.88	1.65	2.01	2.09	2.01
Short Term Liquidity
Current Ratio	2.31	2.82	2.53	2.25	1.66
Quick Ratio	1.64	2.19	1.94	1.66	1.02
Operating Cash Flow to Current Liabilities	0.62	0.84	0.87	0.9	0.59
Days Sales Outstanding (Average Receivables)	15.67	19.71	19.1	18.88	21.83
Days Outstanding Inventory (Average Inventory)	193.92	220.51	184.83	174.22	181.05
Average Days Payable Outstanding	90.26	90.71	67.26	71.59