Cash flow CMB.TECH NV

Equities

CMBT

BE0003816338

Oil & Gas Transportation Services

Market Closed - Euronext Bruxelles Other stock markets 11:35:24 2024-12-02 am EST			After market 12:46:11 pm
10.59 ^EUR	-2.22%		10.55	-0.38%

Nov. 21	CMB NV completed the acquisition of Cmb.Tech NV.	CI
Nov. 07	Cmb.Tech NV Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

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Published financial data: CMB.TECH NV

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	932M	1.23B	420M	855M	1.24B
Total Revenues	932M	1.23B	420M	855M	1.24B
Cost of Goods Sold, Total	357M	344M	349M	397M	378M
Gross Profit	575M	887M	70.51M	458M	858M
Selling General & Admin Expenses, Total	66.89M	62.04M	29.06M	47.36M	58.95M
Depreciation & Amortization - (IS)	338M	320M	345M	222M	219M
Amortization of Goodwill and Intangible Assets - (IS)	56K	99K	90K	1.02M	1.61M
Other Operating Expenses	-10.09M	-6.65M	-6.91M	-10.8M	-19.73M
Other Operating Expenses, Total	394M	375M	367M	259M	260M
Operating Income	181M	512M	-297M	198M	597M
Interest Expense, Total	-97.72M	-65.74M	-60.42M	-87.16M	-133M
Interest And Investment Income	6.53M	6.49M	1.9M	7.06M	20.62M
Net Interest Expenses	-91.19M	-59.26M	-58.52M	-80.1M	-112M
Income (Loss) On Equity Invest.	16.46M	10.92M	22.98M	17.65M	-927K
Currency Exchange Gains (Loss)	-564K	-863K	-523K	416K	344K
Other Non Operating Income (Expenses)	-7.47M	-9.94M	-21.56M	-26.19M	7.17M
EBT, Excl. Unusual Items	98.03M	452M	-354M	110M	492M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	14.8M	22.73M	15.07M	95.81M	372M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	113M	475M	-339M	206M	864M
Income Tax Expense	602K	1.94M	-427K	2.8M	6.01M
Earnings From Continuing Operations	112M	473M	-339M	203M	858M
Net Income to Company	112M	473M	-339M	203M	858M
Net Income - (IS)	112M	473M	-339M	203M	858M
Net Income to Common Incl Extra Items	112M	473M	-339M	203M	858M
Net Income to Common Excl. Extra Items	112M	473M	-339M	203M	858M
Per Share Items
Net EPS - Basic	0.52	2.25	-1.68	1.01	4.25
Basic EPS - Continuing Operations	0.52	2.25	-1.68	1.01	4.25
Basic Weighted Average Shares Outstanding	216M	210M	202M	202M	202M
Net EPS - Diluted	0.52	2.25	-1.68	1.01	4.25
Diluted EPS - Continuing Operations	0.52	2.25	-1.68	1.01	4.25
Diluted Weighted Average Shares Outstanding	216M	210M	202M	202M	202M
Normalized Basic EPS	0.28	1.35	-1.1	0.34	1.52
Normalized Diluted EPS	0.28	1.35	-1.1	0.34	1.52
Dividend Per Share	0.35	1.4	0.12	0.17	2.34
Payout Ratio	23.18	74.39	-7.15	11.92	73.49
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	489M	800M	966K	400M	800M
EBITA	181M	512M	-297M	199M	599M
EBIT	181M	512M	-297M	198M	597M
EBITDAR	489M	582M	-234M	189M	739M
Total Revenues (As Reported)	957M	1.26B	445M	966M	1.63B
Effective Tax Rate - (Ratio)	0.53	0.41	0.13	1.36	0.7
Total Current Taxes	1.07M	575K	-230K	1.68M	4.88M
Total Deferred Taxes	-464K	1.37M	-197K	1.12M	1.13M
Normalized Net Income	61.27M	283M	-221M	68.9M	307M
Interest on Long-Term Debt	4.81M	3.29M	2.38M	1.24M	631K
Non-Cash Pension Expense	2.59M	-653K	621K	-2.59M	-140K
Supplemental Operating Expense Items
General and Administrative Expenses	66.89M	62.04M	29.06M	47.36M	58.95M
Net Rental Expense, Total	103K	-218M	-235M	-210M	-61.73M
Imputed Operating Lease Interest Expense	45.78K	-75.67M	-75.86M	-85.88M	-49.94M
Imputed Operating Lease Depreciation	57.22K	-142M	-159M	-124M	-11.79M
Stock-Based Comp., G&A Exp. (Total)	-	-1.2M	1.31M	-562K	3.94M
Stock-Based Comp., Other (Total)	-	-62K	-	-	-
Total Stock-Based Compensation	-	-1.26M	1.31M	-562K	3.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	297M	161M	153M	180M	429M
Total Cash And Short Term Investments	297M	161M	153M	180M	429M
Accounts Receivable, Total	254M	172M	197M	303M	259M
Other Receivables	33.12M	20.77M	17.14M	26.57M	27.34M
Total Receivables	287M	193M	215M	329M	287M
Inventory	183M	75.78M	69.04M	41.64M	22.51M
Other Current Assets, Total	34.45M	21.97M	23.24M	56.3M	893M
Total Current Assets	802M	452M	459M	607M	1.63B
Gross Property Plant And Equipment	4.91B	4.93B	5.12B	5.32B	3.43B
Accumulated Depreciation	-1.67B	-1.81B	-1.94B	-2.01B	-1.66B
Net Property Plant And Equipment	3.24B	3.13B	3.18B	3.31B	1.77B
Long-term Investments	50.32M	51.7M	72.45M	1.42M	519K
Other Intangibles, Total	39K	161K	186K	15.75M	14.19M
Accounts Receivable Long-Term	8.61M	6.68M	4.58M	2.85M	1.26M
Loans Receivable Long-Term	60.38M	33.94M	30.24M	24K	2K
Deferred Tax Assets Long-Term	2.72M	1.36M	1.55M	1.4M	280K
Other Long-Term Assets, Total	2.09M	14.44M	20.82M	31.95M	1.62M
Total Assets	4.16B	3.69B	3.77B	3.97B	3.42B
Liabilities
Accounts Payable, Total	22.74M	27.23M	26.01M	24.7M	42.03M
Accrued Expenses, Total	53.23M	44.13M	46.75M	46.24M	46.62M
Short-term Borrowings	139M	51.3M	118M	65.85M	92.3M
Current Portion of Long-Term Debt	49.7M	20.54M	96.34M	68.94M	170M
Current Portion of Leases	32.46M	45.75M	22.29M	22.86M	33.49M
Current Income Taxes Payable	49K	629K	366K	5.93M	4.77M
Unearned Revenue Current, Total	17.78M	13.14M	7.54M	17.54M	17.36M
Other Current Liabilities	844K	884K	3.87M	2.28M	18.33M
Total Current Liabilities	316M	204M	321M	254M	425M
Long-Term Debt	1.48B	1.14B	1.46B	1.53B	632M
Long-Term Leases	43.16M	21.17M	16.76M	5.82M	3.36M
Unearned Revenue Non Current	414K	508K	503K	-	-
Pension & Other Post Retirement Benefits	8.09M	7.99M	6.84M	1.64M	1.67M
Other Non Current Liabilities	1.38M	1.15M	892K	597K	274K
Total Liabilities	1.85B	1.38B	1.81B	1.8B	1.06B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	239M	239M	239M	239M	239M
Additional Paid In Capital	1.7B	1.7B	1.7B	1.68B	1.47B
Retained Earnings	420M	541M	180M	386M	808M
Treasury Stock	-45.62M	-164M	-164M	-163M	-158M
Comprehensive Income and Other	-4.28M	-6.52M	2.85M	33.03M	1.38M
Total Common Equity	2.31B	2.31B	1.96B	2.17B	2.36B
Total Equity	2.31B	2.31B	1.96B	2.17B	2.36B
Total Liabilities And Equity	4.16B	3.69B	3.77B	3.97B	3.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	215M	202M	202M	202M	202M
ECS Total Common Shares Outstanding	215M	202M	202M	202M	202M
Book Value / Share	10.75	11.46	9.72	10.77	11.66
Tangible Book Value	2.31B	2.31B	1.96B	2.16B	2.34B
Tangible Book Value Per Share	10.75	11.46	9.72	10.69	11.59
Total Debt	1.75B	1.28B	1.72B	1.7B	931M
Net Debt	1.45B	1.12B	1.56B	1.52B	501M
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.09M	7.99M	6.84M	1.64M	1.67M
Debt Equivalent Oper. Leases	824K	-1.74B	-1.88B	-1.68B	-494M
Equity Method Investments, Total	50.32M	51.7M	72.45M	1.42M	518K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	183M	75.78M	69.04M	41.64M	22.51M
Machinery, Total	4.82B	4.61B	4.88B	5.01B	3.27B
Full Time Employees	2.91K	3.72K	3.15K	2.95K	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	112M	473M	-339M	203M	858M
Depreciation & Amortization - CF	338M	320M	345M	222M	219M
Amortization of Goodwill and Intangible Assets - (CF)	56K	99K	90K	1.02M	1.61M
Depreciation & Amortization, Total	338M	320M	345M	223M	221M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-14.8M	-22.73M	-15.07M	-95.81M	-372M
(Gain) Loss on Sale of Investments - (CF)	8.53M	108K	78K	507K	-37K
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-16.46M	-10.92M	-22.98M	-17.65M	927K
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	10.21M	29.76M	26.95M	25.39M	23.99M
Change In Accounts Receivable	-41M	85.83M	-21.42M	-110M	44.2M
Change In Inventories	-161M	108M	6.74M	27.39M	19.13M
Change In Accounts Payable	6.47M	4.49M	-1.22M	-1.32M	17.34M
Change in Unearned Revenues	10.03M	-4.64M	-5.59M	10M	-187K
Change in Other Net Operating Assets	20.2M	-12.7M	975K	-8.66M	25.4M
Cash from Operations	272M	970M	-25.3M	256M	837M
Capital Expenditure	-8.04M	-225M	-413M	-524M	-339M
Sale of Property, Plant, and Equipment	86.26M	78.08M	55.84M	357M	1.21B
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-14K	-221K	-115K	-16.58M	-60K
Investment in Marketable and Equity Securities, Total	-4M	2M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.25M	1.79M	1.99M	-	1.71M
Other Investing Activities, Total	-31.71M	26.44M	2.24M	24.66M	-
Cash from Investing	43.75M	-117M	-353M	-159M	870M
Long-Term Debt Issued, Total	1.22B	894M	1.51B	1.27B	2.69B
Total Debt Issued	1.22B	894M	1.51B	1.27B	2.69B
Short Term Debt Repaid, Total	-	-359M	-303M	-279M	-458M
Long-Term Debt Repaid, Total	-1.35B	-1.06B	-804M	-1.02B	-3.05B
Total Debt Repaid	-1.35B	-1.41B	-1.11B	-1.3B	-3.51B
Issuance of Common Stock	-	-	-	1.08M	-
Repurchase of Common Stock	-30.96M	-118M	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-26.02M	-352M	-24.21M	-24.22M	-631M
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-26.02M	-352M	-24.21M	-24.22M	-631M
Other Financing Activities, Total	-9.72M	-8.08M	-4.42M	-5.87M	-14.53M
Cash from Financing	-191M	-1B	374M	-62.9M	-1.46B
Foreign Exchange Rate Adjustments	-733K	11.55M	-4.29M	-6.41M	3.27M
Net Change in Cash	124M	-135M	-8.95M	27.4M	249M
Supplemental Items
Cash Interest Paid	98.85M	56.08M	61M	99.74M	130M
Cash Income Tax Paid (Refund)	993K	-78K	-12K	-2.76M	6.68M
Levered Free Cash Flow	231M	578M	-308M	-357M	-566M
Unlevered Free Cash Flow	292M	619M	-270M	-302M	-483M
Change In Net Working Capital	151M	-206M	17.95M	108M	743M
Net Debt Issued / Repaid	-124M	-521M	403M	-33.88M	-816M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.73	8.14	-4.97	3.21	10.1
Return on Total Capital	2.79	8.36	-5.1	3.29	10.43
Return On Equity %	4.91	20.47	-15.86	9.83	37.87
Return on Common Equity	4.91	20.47	-15.86	9.83	37.87
Margin Analysis
Gross Profit Margin %	61.7	72.05	16.8	53.54	69.43
SG&A Margin	7.17	5.04	6.92	5.54	4.77
EBITDA Margin %	52.47	64.97	0.23	46.75	64.79
EBITA Margin %	19.4	41.58	-70.65	23.34	48.49
EBIT Margin %	19.39	41.57	-70.67	23.22	48.36
Income From Continuing Operations Margin %	12.04	38.45	-80.71	23.78	69.47
Net Income Margin %	12.04	38.45	-80.71	23.78	69.47
Net Avail. For Common Margin %	12.04	38.45	-80.71	23.78	69.47
Normalized Net Income Margin	6.57	22.98	-52.75	8.06	24.88
Levered Free Cash Flow Margin	24.74	46.96	-73.4	-41.74	-45.85
Unlevered Free Cash Flow Margin	31.29	50.3	-64.41	-35.37	-39.12
Asset Turnover
Asset Turnover	0.22	0.31	0.11	0.22	0.33
Fixed Assets Turnover	0.28	0.39	0.13	0.26	0.49
Receivables Turnover (Average Receivables)	3.88	5.73	2.27	3.42	4.39
Inventory Turnover (Average Inventory)	3.47	2.65	4.82	7.17	11.77
Short Term Liquidity
Current Ratio	2.54	2.22	1.43	2.39	3.84
Quick Ratio	1.85	1.74	1.14	2	1.69
Operating Cash Flow to Current Liabilities	0.86	4.76	-0.08	1	1.97
Days Sales Outstanding (Average Receivables)	94.15	63.85	160.58	106.78	83.05
Days Outstanding Inventory (Average Inventory)	105.1	137.86	75.67	50.87	31
Average Days Payable Outstanding	13.74	38.67	28.37	25.03	33.97
Cash Conversion Cycle (Average Days)	185.51	163.03	207.88	132.62	80.09
Long Term Solvency
Total Debt/Equity	75.63	55.36	87.48	78.06	39.49
Total Debt / Total Capital	43.06	35.63	46.66	43.84	28.31
LT Debt/Equity	66.05	50.27	75.42	70.81	26.95
Long-Term Debt / Total Capital	37.61	32.36	40.23	39.77	19.32
Total Liabilities / Total Assets	44.49	37.3	47.97	45.24	31.06
EBIT / Interest Expense	1.85	7.78	-4.91	2.28	4.5
EBITDA / Interest Expense	5.31	12.65	0.8	4.83	6.16
(EBITDA - Capex) / Interest Expense	5.22	9.22	-6.04	-1.18	3.61
Total Debt / EBITDA	3.37	1.54	35.47	4.03	1.14
Net Debt / EBITDA