Cash flow Celanese Corporation

Equities

CE

US1508701034

Specialty Chemicals

Delayed Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
72.61 ^USD	+0.99%		+11.69%	+4.91%

Jan. 16	Celanese Corporation Announces Executive Changes	CI
Jan. 16	RBC Trims Price Target on Celanese to $84 From $88, Keeps Outperform Rating	MT

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Published financial data: CELANESE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.3B	5.66B	8.54B	9.67B	10.94B
Total Revenues	6.3B	5.66B	8.54B	9.67B	10.94B
Cost of Goods Sold, Total	4.69B	4.36B	5.86B	7.29B	8.34B
Gross Profit	1.61B	1.29B	2.68B	2.38B	2.6B
Selling General & Admin Expenses, Total	502M	464M	527M	690M	1.14B
R&D Expenses	67M	74M	86M	112M	146M
Amortization of Goodwill and Intangible Assets - (IS)	24M	22M	25M	62M	164M
Other Operating Expenses	-	-1M	-	-	-
Other Operating Expenses, Total	593M	559M	638M	864M	1.45B
Operating Income	1.01B	734M	2.04B	1.52B	1.15B
Interest Expense, Total	-115M	-109M	-91M	-405M	-720M
Interest And Investment Income	119M	132M	155M	202M	165M
Net Interest Expenses	4M	23M	64M	-203M	-555M
Income (Loss) On Equity Invest.	182M	134M	146M	220M	102M
Currency Exchange Gains (Loss)	7M	-5M	2M	-2M	-19M
Other Non Operating Income (Expenses)	-8M	5M	-5M	10M	76M
EBT, Excl. Unusual Items	1.2B	891M	2.25B	1.54B	753M
Restructuring Charges	-110M	-43M	5M	6M	-53M
Merger & Related Restructuring Charges	-	-	-	-117M	-
Gain (Loss) On Sale Of Investments	-	1.41B	-	-	-
Gain (Loss) On Sale Of Assets	-2M	-7M	3M	5M	505M
Asset Writedown	-	-1M	-2M	-14M	-15M
Legal Settlements	-89M	-2M	-	-	-
Other Unusual Items	-9M	5M	-9M	-	-7M
EBT, Incl. Unusual Items	988M	2.25B	2.25B	1.42B	1.18B
Income Tax Expense	124M	247M	330M	-489M	-790M
Earnings From Continuing Operations	864M	2B	1.92B	1.91B	1.97B
Earnings Of Discontinued Operations	-6M	-12M	-22M	-8M	-9M
Net Income to Company	858M	1.99B	1.9B	1.9B	1.96B
Minority Interest	-6M	-7M	-6M	-8M	-4M
Net Income - (IS)	852M	1.98B	1.89B	1.89B	1.96B
Net Income to Common Incl Extra Items	852M	1.98B	1.89B	1.89B	1.96B
Net Income to Common Excl. Extra Items	858M	2B	1.91B	1.9B	1.97B
Per Share Items
Net EPS - Basic	6.88	16.85	16.99	17.48	18.01
Basic EPS - Continuing Operations	6.92	16.95	17.19	17.55	18.09
Basic Weighted Average Shares Outstanding	124M	118M	111M	108M	109M
Net EPS - Diluted	6.84	16.75	16.86	17.34	17.92
Diluted EPS - Continuing Operations	6.89	16.85	17.06	17.41	18
Diluted Weighted Average Shares Outstanding	125M	118M	112M	109M	109M
Normalized Basic EPS	5.99	4.67	12.6	8.81	4.29
Normalized Diluted EPS	5.96	4.64	12.5	8.74	4.27
Dividend Per Share	2.4	2.48	2.72	2.74	2.8
Payout Ratio	35.21	14.76	16.08	15.68	15.56
Supplemental Items
EBITDA	1.36B	1.08B	2.42B	1.98B	1.83B
EBITA	1.03B	753M	2.07B	1.57B	1.27B
EBIT	1.01B	734M	2.04B	1.52B	1.15B
EBITDAR	1.43B	1.16B	2.49B	2.07B	1.96B
Effective Tax Rate - (Ratio)	12.55	10.97	14.68	-34.41	-66.78
Current Domestic Taxes	-8M	13M	-	54M	8M
Current Foreign Taxes	149M	126M	323M	306M	162M
Total Current Taxes	141M	139M	323M	360M	170M
Deferred Domestic Taxes	1M	308M	-16M	-261M	-178M
Deferred Foreign Taxes	-18M	-200M	23M	-588M	-782M
Total Deferred Taxes	-17M	108M	7M	-849M	-960M
Normalized Net Income	743M	550M	1.4B	955M	467M
Interest Capitalized	8M	8M	12M	18M	37M
Interest on Long-Term Debt	30M	23M	34M	29M	54M
Non-Cash Pension Expense	10M	-16M	-101M	-8M	64M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	70M	77M	89M	121M	189M
Net Rental Expense, Total	70M	75M	70M	98M	131M
Imputed Operating Lease Interest Expense	17.9M	17.12M	13.98M	34.31M	54.29M
Imputed Operating Lease Depreciation	52.1M	57.88M	56.02M	63.69M	76.71M
Stock-Based Comp., Other (Total)	48M	28M	95M	60M	40M
Total Stock-Based Compensation	48M	28M	95M	60M	40M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	463M	955M	536M	1.51B	1.8B
Short Term Investments	40M	533M	10M	-	-
Total Cash And Short Term Investments	503M	1.49B	546M	1.51B	1.8B
Accounts Receivable, Total	850M	792M	1.16B	1.38B	1.24B
Other Receivables	331M	450M	506M	675M	541M
Total Receivables	1.18B	1.24B	1.67B	2.05B	1.78B
Inventory	1.04B	978M	1.52B	2.81B	2.36B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	43M	55M	70M	241M	272M
Total Current Assets	2.76B	3.76B	3.81B	6.61B	6.22B
Gross Property Plant And Equipment	6.87B	7.45B	7.91B	9.68B	10.09B
Accumulated Depreciation	-2.96B	-3.28B	-3.48B	-3.69B	-4.08B
Net Property Plant And Equipment	3.92B	4.17B	4.43B	6B	6.01B
Long-term Investments	975M	820M	823M	1.06B	1.22B
Goodwill	1.07B	1.17B	1.41B	7.14B	6.98B
Other Intangibles, Total	312M	319M	735M	4.1B	3.98B
Deferred Tax Assets Long-Term	96M	259M	248M	808M	1.68B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	338M	411M	521M	547M	524M
Total Assets	9.48B	10.91B	11.98B	26.27B	26.6B
Liabilities
Accounts Payable, Total	780M	797M	1.16B	1.52B	1.51B
Accrued Expenses, Total	262M	386M	323M	650M	670M
Short-term Borrowings	468M	65M	264M	800M	358M
Current Portion of Long-Term Debt	2M	482M	502M	481M	1B
Current Portion of Leases	55M	66M	62M	108M	113M
Current Income Taxes Payable	17M	-	81M	43M	25M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	170M	177M	113M	468M	395M
Total Current Liabilities	1.75B	1.97B	2.5B	4.07B	4.07B
Long-Term Debt	3.33B	3.06B	3.03B	13.23B	12.18B
Long-Term Leases	299M	379M	348M	511M	449M
Unearned Revenue Non Current	6M	4M	-	-	-
Pension & Other Post Retirement Benefits	589M	643M	558M	411M	457M
Deferred Tax Liability Non Current	257M	509M	555M	1.24B	999M
Other Non Current Liabilities	342M	450M	444M	709M	891M
Total Liabilities	6.58B	7.01B	7.44B	20.17B	19.04B
Additional Paid In Capital	254M	257M	333M	372M	394M
Retained Earnings	6.4B	8.09B	9.68B	11.27B	12.93B
Treasury Stock	-3.85B	-4.49B	-5.49B	-5.49B	-5.49B
Comprehensive Income and Other	-300M	-328M	-329M	-518M	-744M
Total Common Equity	2.51B	3.53B	4.19B	5.64B	7.09B
Minority Interest	391M	369M	348M	468M	461M
Total Equity	2.9B	3.9B	4.54B	6.1B	7.55B
Total Liabilities And Equity	9.48B	10.91B	11.98B	26.27B	26.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	120M	114M	108M	108M	109M
ECS Total Common Shares Outstanding	120M	114M	108M	108M	109M
Book Value / Share	20.97	30.88	38.78	51.97	65.11
Tangible Book Value	1.12B	2.04B	2.04B	-5.61B	-3.86B
Tangible Book Value Per Share	9.38	17.88	18.9	-51.72	-35.45
Total Debt	4.16B	4.05B	4.2B	15.13B	14.1B
Net Debt	3.65B	2.56B	3.66B	13.62B	12.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	469M	459M	305M	233M	271M
Debt Equivalent Oper. Leases	560M	600M	560M	784M	1.05B
Minority Interest, Total (Incl. Fin. Div)	391M	369M	348M	468M	461M
Equity Method Investments, Total	975M	820M	823M	1.06B	1.22B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	244M	251M	435M	786M	593M
Inventories - Work In Process, Total	76M	74M	75M	202M	160M
Inventories - Finished Goods, Total	718M	653M	1.01B	1.82B	1.6B
Land - (BS)	46M	53M	48M	291M	260M
Buildings, Total	762M	812M	820M	1.06B	1.08B
Machinery, Total	5.04B	5.4B	5.64B	6.9B	7.16B
Full Time Employees	7.71K	7.66K	8.53K	13.26K	12.41K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9M	11M	10M	15M	12M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	852M	1.98B	1.89B	1.89B	1.96B
Depreciation & Amortization - CF	323M	332M	353M	406M	561M
Amortization of Goodwill and Intangible Assets - (CF)	21M	19M	22M	53M	121M
Depreciation & Amortization, Total	344M	351M	375M	459M	682M
Amortization of Deferred Charges, Total - (CF)	3M	3M	3M	9M	43M
(Gain) Loss From Sale Of Asset	3M	3M	-5M	-8M	-501M
(Gain) Loss on Sale of Investments - (CF)	-	-1.41B	-	-	-
Asset Writedown & Restructuring Costs	92M	33M	2M	24M	29M
(Income) Loss On Equity Investments - (CF)	-14M	13M	-34M	-3M	55M
Stock-Based Compensation (CF)	48M	28M	95M	60M	40M
Net Cash From Discontinued Operations	-	5M	15M	-28M	-2M
Other Operating Activities, Total	-25M	50M	-96M	-868M	-923M
Change In Accounts Receivable	165M	141M	-396M	218M	105M
Change In Inventories	6M	124M	-367M	-253M	398M
Change In Accounts Payable	-59M	-6M	353M	-84M	20M
Change in Other Net Operating Assets	39M	21M	-78M	399M	-7M
Cash from Operations	1.45B	1.34B	1.76B	1.82B	1.9B
Capital Expenditure	-370M	-364M	-467M	-543M	-568M
Cash Acquisitions	-91M	-100M	-1.14B	-10.59B	52M
Divestitures	1M	21M	27M	48M	480M
Investment in Marketable and Equity Securities, Total	-16M	1.07B	516M	-	-
Other Investing Activities, Total	-17M	-39M	-53M	-57M	-98M
Cash from Investing	-493M	592M	-1.12B	-11.14B	-134M
Short Term Debt Issued, Total	364M	311M	206M	536M	452M
Long-Term Debt Issued, Total	499M	-	990M	10.77B	3B
Total Debt Issued	863M	311M	1.2B	11.3B	3.45B
Short Term Debt Repaid, Total	-91M	-753M	-6M	-	-881M
Long-Term Debt Repaid, Total	-360M	-30M	-786M	-526M	-3.66B
Total Debt Repaid	-451M	-783M	-792M	-526M	-4.54B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-996M	-650M	-1B	-17M	-
Common Dividends Paid	-300M	-293M	-304M	-297M	-305M
Common & Preferred Stock Dividends Paid	-300M	-293M	-304M	-297M	-305M
Other Financing Activities, Total	-51M	-56M	-142M	-175M	-63M
Cash from Financing	-935M	-1.47B	-1.04B	10.29B	-1.46B
Foreign Exchange Rate Adjustments	-2M	28M	-15M	4M	-12M
Net Change in Cash	24M	492M	-419M	972M	297M
Supplemental Items
Cash Interest Paid	118M	120M	105M	122M	780M
Cash Income Tax Paid (Refund)	157M	167M	215M	273M	237M
Levered Free Cash Flow	739M	527M	558M	-151M	1.08B
Unlevered Free Cash Flow	811M	595M	614M	102M	1.53B
Change In Net Working Capital	-153M	-118M	669M	830M	-611M
Net Debt Issued / Repaid	412M	-472M	404M	10.78B	-1.09B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.74	4.5	11.16	4.95	2.72
Return on Total Capital	9.06	6.12	15.31	6.32	3.35
Return On Equity %	27.53	59	45.49	35.9	28.89
Return on Common Equity	31.25	66.2	49.57	38.71	30.94
Margin Analysis
Gross Profit Margin %	25.5	22.86	31.42	24.6	23.79
SG&A Margin	7.97	8.21	6.17	7.13	10.46
EBITDA Margin %	21.55	19.19	28.34	20.42	16.74
EBITA Margin %	16.42	13.32	24.2	16.22	11.61
EBIT Margin %	16.09	12.98	23.94	15.67	10.5
Income From Continuing Operations Margin %	13.72	35.44	22.47	19.75	18.03
Net Income Margin %	13.53	35.1	22.14	19.58	17.92
Net Avail. For Common Margin %	13.63	35.31	22.4	19.66	18
Normalized Net Income Margin	11.8	9.72	16.41	9.87	4.27
Levered Free Cash Flow Margin	11.74	9.31	6.53	-1.56	9.84
Unlevered Free Cash Flow Margin	12.88	10.52	7.2	1.06	13.95
Asset Turnover
Asset Turnover	0.67	0.55	0.75	0.51	0.41
Fixed Assets Turnover	1.65	1.4	1.99	1.86	1.82
Receivables Turnover (Average Receivables)	6.75	6.89	8.74	7.62	8.34
Inventory Turnover (Average Inventory)	4.5	4.33	4.68	3.37	3.23
Short Term Liquidity
Current Ratio	1.58	1.91	1.52	1.63	1.53
Quick Ratio	0.96	1.38	0.88	0.88	0.88
Operating Cash Flow to Current Liabilities