Cash flow Cementos Argos S.A.

Equities

CEMARGOS

COD38PA00046

Construction Materials

End-of-day quote Bolsa De Valores De Colombia Other stock markets 2025-01-10			5-day change	1st Jan Change
10,560.00 ^COP	-2.76%		+1.54%	+3.53%

Nov. 08	Cementos Argos S.A., Q3 2024 Earnings Call, Nov 08, 2024
Nov. 07	Cementos Argos S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

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Published financial data: CEMENTOS ARGOS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9,375B	9,001B	9,818B	11,684B	12,717B
Total Revenues	9,375B	9,001B	9,818B	11,684B	12,717B
Cost of Goods Sold, Total	7,780B	7,399B	7,943B	9,660B	9,856B
Gross Profit	1,595B	1,602B	1,875B	2,024B	2,861B
Selling General & Admin Expenses, Total	917B	818B	865B	1T	1,209B
Other Operating Expenses	59.42B	42.74B	43.44B	-60.22B	93.62B
Other Operating Expenses, Total	977B	860B	908B	939B	1,302B
Operating Income	618B	742B	966B	1,085B	1,559B
Interest Expense, Total	-533B	-499B	-434B	-658B	-889B
Interest And Investment Income	41.12B	42.32B	32.74B	52.3B	125B
Net Interest Expenses	-492B	-456B	-401B	-606B	-764B
Income (Loss) On Equity Invest.	-13.13B	-5.63B	-8.16B	7.46B	-1.48B
Currency Exchange Gains (Loss)	8.81B	-11.35B	10.39B	3.42B	-50.11B
Other Non Operating Income (Expenses)	-	-	-	-	-43.95B
EBT, Excl. Unusual Items	123B	268B	567B	489B	699B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	26.15B	-14.36B	82M	-17M	-
Gain (Loss) On Sale Of Assets	59.38B	-33.48B	162B	11.08B	40.96B
Asset Writedown	34.19B	187M	23.79B	13.08B	4.85B
Insurance Settlements	113B	58.12B	67B	73.93B	48.68B
Legal Settlements	-11.98B	-77.02B	-1.94B	-7.06B	-12.65B
Other Unusual Items	-	20B	-	-	-
EBT, Incl. Unusual Items	343B	222B	818B	580B	781B
Income Tax Expense	146B	81B	294B	366B	388B
Earnings From Continuing Operations	197B	141B	524B	215B	393B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	197B	141B	524B	215B	393B
Minority Interest	-74.63B	-62.63B	-92.8B	-72.53B	-73.12B
Net Income - (IS)	122B	78.19B	431B	142B	320B
Net Income to Common Incl Extra Items	122B	78.19B	431B	142B	320B
Net Income to Common Excl. Extra Items	122B	78.19B	431B	142B	320B
Per Share Items
Net EPS - Basic	105.83	67.89	368.34	121.56	273.5
Basic EPS - Continuing Operations	105.83	67.89	368.34	121.56	273.5
Basic Weighted Average Shares Outstanding	1.15B	1.15B	1.17B	1.17B	1.17B
Net EPS - Diluted	105.83	67.89	368.34	121.56	273.5
Diluted EPS - Continuing Operations	105.83	67.89	368.34	121.56	273.5
Diluted Weighted Average Shares Outstanding	1.15B	1.15B	1.17B	1.17B	1.17B
Normalized Basic EPS	1.72	91.27	223.47	199.36	310.87
Normalized Diluted EPS	1.72	91.27	223.47	199.36	310.87
Dividend Per Share	251.2	127.6	281.2	92.77	117.54
Payout Ratio	342.72	469.37	69.49	204.5	70.32
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	1,365B	1,504B	1,749B	1,894B	2,380B
EBITA	739B	865B	1,077B	1,197B	1,661B
EBIT	618B	742B	966B	1,085B	1,559B
EBITDAR	1,384B	1,554B	1,802B	1,939B	2,425B
Effective Tax Rate - (Ratio)	42.68	36.52	35.92	62.99	49.65
Total Current Taxes	143B	128B	175B	241B	211B
Total Deferred Taxes	3.25B	-46.7B	119B	124B	177B
Normalized Net Income	1.98B	105B	262B	233B	364B
Interest Capitalized	13.98B	1.18B	2.29B	1.49B	15.98B
Interest on Long-Term Debt	301B	273B	266B	37.02B	44.88B
Non-Cash Pension Expense	65.41B	66.17B	67.82B	76.66B	84.91B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	249B	234B	253B	295B	311B
General and Administrative Expenses	663B	577B	607B	697B	891B
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	19B	50.44B	52.31B	44.66B	44.71B
Imputed Operating Lease Interest Expense	11.08B	26.21B	24.86B	30.84B	40.88B
Imputed Operating Lease Depreciation	7.92B	24.23B	27.45B	13.82B	3.83B
Maintenance & Repair Expenses, Total	25.28B	30.54B	30.88B	32.91B	40.32B
Stock-Based Comp., Other (Total)	2.16B	2.49B	3.93B	5.61B	18.88B
Total Stock-Based Compensation	2.16B	2.49B	3.93B	5.61B	18.88B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	353B	612B	483B	790B	1,009B
Short Term Investments	-	-	160M	471B	127M
Trading Asset Securities, Total	-	-	-	-	8.45B
Total Cash And Short Term Investments	353B	612B	483B	1,261B	1,017B
Accounts Receivable, Total	1,029B	921B	1,130B	1,353B	1,184B
Other Receivables	324B	179B	202B	174B	200B
Total Receivables	1,353B	1,100B	1,332B	1,527B	1,384B
Inventory	900B	815B	1,035B	1,503B	1,220B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	109B	135B	140B	352B	362B
Total Current Assets	2,714B	2,663B	2,990B	4,643B	3,983B
Gross Property Plant And Equipment	16,593B	16,969B	18,325B	20,997B	18,495B
Accumulated Depreciation	-4,494B	-5,054B	-5,842B	-7,063B	-6,566B
Net Property Plant And Equipment	12,099B	11,915B	12,483B	13,934B	11,929B
Long-term Investments	1,030B	763B	903B	1,268B	892B
Goodwill	1,718B	1,819B	1,863B	2,012B	1,602B
Other Intangibles, Total	833B	750B	705B	669B	485B
Accounts Receivable Long-Term	148B	140B	48.78B	47.7B	41.21B
Deferred Tax Assets Long-Term	420B	334B	313B	260B	250B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	231B	191B	264B	433B	330B
Total Assets	19,194B	18,575B	19,570B	23,266B	19,511B
Liabilities
Accounts Payable, Total	1,220B	1,017B	984B	1,070B	961B
Accrued Expenses, Total	296B	259B	326B	336B	431B
Short-term Borrowings	22.75B	10.36B	3.2B	4.73B	18.3B
Current Portion of Long-Term Debt	1,076B	966B	1,793B	1,673B	2,212B
Current Portion of Leases	149B	126B	119B	127B	103B
Current Income Taxes Payable	81.15B	53.72B	63.1B	94.53B	49.08B
Unearned Revenue Current, Total	130B	86.84B	105B	1.3B	1.13B
Other Current Liabilities	77.78B	147B	92.5B	616B	455B
Total Current Liabilities	3,053B	2,665B	3,485B	3,923B	4,232B
Long-Term Debt	5,701B	5,931B	4,590B	5,861B	4,846B
Long-Term Leases	805B	603B	557B	564B	423B
Pension & Other Post Retirement Benefits	290B	301B	238B	192B	232B
Deferred Tax Liability Non Current	323B	180B	294B	467B	518B
Other Non Current Liabilities	170B	183B	202B	190B	185B
Total Liabilities	10,342B	9,863B	9,365B	11,197B	10,436B
Common Stock, Total	2,142B	2,142B	2,243B	2,243B	600B
Additional Paid In Capital	-	-	-	-	1,642B
Retained Earnings	1,956B	1,937B	2,257B	1,960B	1,666B
Treasury Stock	-114B	-114B	-114B	-114B	-158B
Comprehensive Income and Other	4,053B	3,874B	4,864B	6,930B	4,605B
Total Common Equity	8,038B	7,839B	9,250B	11,018B	8,355B
Minority Interest	815B	873B	955B	1,051B	720B
Total Equity	8,852B	8,712B	10,205B	12,069B	9,075B
Total Liabilities And Equity	19,194B	18,575B	19,570B	23,266B	19,511B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.15B	1.15B	1.17B	1.17B	1.16B
ECS Total Common Shares Outstanding	1.15B	1.15B	1.17B	1.17B	1.16B
Book Value / Share	6.98K	6.81K	7.9K	9.41K	7.19K
Tangible Book Value	5,486B	5,270B	6,682B	8,337B	6,269B
Tangible Book Value Per Share	4.76K	4.58K	5.71K	7.12K	5.39K
Total Debt	7,753B	7,636B	7,062B	8,230B	7,602B
Net Debt	7,400B	7,024B	6,578B	6,969B	6,585B
Debt Equivalent of Unfunded Proj. Benefit Obligation	304B	314B	261B	230B	273B
Debt Equivalent Oper. Leases	152B	404B	418B	357B	358B
Minority Interest, Total (Incl. Fin. Div)	815B	873B	955B	1,051B	720B
Equity Method Investments, Total	47.42B	26.96B	26.6B	49.08B	39.24B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	553B	534B	702B	1,020B	780B
Inventories - Work In Process, Total	150B	119B	143B	178B	167B
Inventories - Finished Goods, Total	173B	140B	164B	265B	233B
Inventories - Others	23.61B	22.19B	26.4B	39.34B	39.95B
Land - (BS)	1,339B	1,361B	1,431B	1,525B	1,357B
Buildings, Total	2,077B	2,303B	2,476B	2,853B	2,410B
Machinery, Total	8,881B	9,124B	10,014B	11,601B	10,276B
Full Time Employees	7.65K	7.29K	-	-	7K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	122B	78.19B	431B	142B	320B
Depreciation & Amortization - CF	795B	791B	811B	850B	864B
Amortization of Goodwill and Intangible Assets - (CF)	121B	123B	110B	112B	102B
Depreciation & Amortization, Total	916B	914B	921B	962B	966B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-89.72B	41.61B	-190B	-109B	-43.92B
(Gain) Loss on Sale of Investments - (CF)	40.09B	27.2B	39.7B	23.51B	41.52B
Asset Writedown & Restructuring Costs	-36.51B	-1.31B	-41.99B	-13.8B	-5.05B
(Income) Loss On Equity Investments - (CF)	13.13B	5.63B	8.16B	-7.46B	1.48B
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	578B	731B	744B	927B	1,262B
Change In Accounts Receivable	-60.33B	149B	-67.05B	-39.73B	-37.74B
Change In Inventories	-66.12B	97.35B	-167B	-339B	38.91B
Change In Accounts Payable	-126B	-605B	-322B	165B	-66.09B
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-	-	-	-287B	-318B
Cash from Operations	1,291B	1,436B	1,357B	1,425B	2,159B
Capital Expenditure	-546B	-318B	-451B	-717B	-852B
Sale of Property, Plant, and Equipment	25.48B	22.02B	60.81B	35.29B	123B
Cash Acquisitions	-	-	-	-	-774M
Divestitures	322B	11.5B	653B	384B	-
Sale (Purchase) of Intangible assets	-2.41B	-2.7B	-1.48B	-4.04B	5.7B
Investment in Marketable and Equity Securities, Total	59.28B	99.08B	41.23B	-472B	464B
Other Investing Activities, Total	28.15B	29.77B	27.48B	38.8B	131B
Cash from Investing	-113B	-158B	330B	-735B	-129B
Long-Term Debt Issued, Total	2,404B	2,544B	3,372B	4,359B	2,215B
Total Debt Issued	2,404B	2,544B	3,372B	4,359B	2,215B
Long-Term Debt Repaid, Total	-3,021B	-2,793B	-4,463B	-3,970B	-2,397B
Total Debt Repaid	-3,021B	-2,793B	-4,463B	-3,970B	-2,397B
Repurchase of Common Stock	-	-	-	-	-44.2B
Common Dividends Paid	-418B	-367B	-300B	-291B	-225B
Common & Preferred Stock Dividends Paid	-418B	-367B	-300B	-291B	-225B
Special Dividend Paid	-	-	-110B	-	-317B
Other Financing Activities, Total	-428B	-422B	-360B	-574B	-886B
Cash from Financing	-1,462B	-1,038B	-1,860B	-476B	-1,654B
Foreign Exchange Rate Adjustments	-4.25B	18.52B	44.74B	93.7B	-157B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-288B	259B	-129B	307B	218B
Supplemental Items
Cash Interest Paid	452B	419B	317B	486B	861B
Cash Income Tax Paid (Refund)	191B	91.02B	242B	251B	284B
Levered Free Cash Flow	295B	816B	355B	186B	753B
Unlevered Free Cash Flow	628B	1,128B	627B	598B	1,309B
Change In Net Working Capital	129B	-68.6B	450B	327B	-196B
Net Debt Issued / Repaid	-616B	-249B	-1,091B	389B	-182B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.03	2.47	3.17	3.16	4.55
Return on Total Capital	2.35	2.81	3.59	3.61	5.27
Return On Equity %	2.2	1.6	5.54	1.93	3.72
Return on Common Equity	1.5	0.98	5.05	1.4	3.3
Margin Analysis
Gross Profit Margin %	17.02	17.8	19.1	17.32	22.5
SG&A Margin	9.79	9.08	8.81	8.55	9.5
EBITDA Margin %	14.56	16.71	17.82	16.21	18.71
EBITA Margin %	7.89	9.61	10.97	10.24	13.06
EBIT Margin %	6.6	8.24	9.84	9.28	12.26
Income From Continuing Operations Margin %	2.1	1.56	5.34	1.84	3.09
Net Income Margin %	1.3	0.87	4.39	1.22	2.52
Net Avail. For Common Margin %	1.3	0.87	4.39	1.22	2.52
Normalized Net Income Margin	0.02	1.17	2.66	2	2.86
Levered Free Cash Flow Margin	3.14	9.07	3.62	1.59	5.92
Unlevered Free Cash Flow Margin	6.7	12.53	6.38	5.11	10.29
Asset Turnover
Asset Turnover	0.49	0.48	0.51	0.55	0.59
Fixed Assets Turnover	0.8	0.75	0.8	0.88	0.98
Receivables Turnover (Average Receivables)	9.29	9.23	9.57	9.41	10.02
Inventory Turnover (Average Inventory)	8.89	8.63	8.59	7.61	7.24
Short Term Liquidity