Balance Sheet Coca-Cola Bottlers Japan Holdings Inc.

Equities

2579

JP3293200006

Non-Alcoholic Beverages

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-13 am EDT			5-day change	1st Jan Change
2,068.50 ^JPY	-2.20%		-0.22%	+2.17%

Aug. 05	Coca-Cola Bottlers Japan Forms Joint Ventures to Optimize Operations	MT
Aug. 05	Transcript : Coca-Cola Bottlers Japan Holdings Inc., Q2 2024 Earnings Call, Aug 05, 2024

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Published financial data: COCA-COLA BOTTLERS JAPAN HOLDINGS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	915B	792B	786B	807B	869B
Total Revenues	915B	792B	786B	807B	869B
Cost of Goods Sold, Total	474B	429B	435B	456B	484B
Gross Profit	441B	363B	351B	352B	384B
Selling General & Admin Expenses, Total	380B	316B	364B	334B	349B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	43.8B	43.93B	-	31.14B	32.18B
Other Operating Expenses	-1.29B	4.34B	-391M	1.63B	-282M
Other Operating Expenses, Total	422B	364B	363B	367B	381B
Operating Income	18.67B	-1.07B	-12.85B	-15.17B	3.48B
Interest Expense, Total	-1.18B	-1.08B	-928M	-750M	-660M
Interest And Investment Income	509M	431M	260M	237M	178M
Net Interest Expenses	-666M	-653M	-668M	-513M	-482M
Income (Loss) On Equity Invest.	43M	-245M	-162M	46M	-7M
Currency Exchange Gains (Loss)	538M	239M	-111M	-468M	322M
Other Non Operating Income (Expenses)	476M	2.94B	68M	4.01B	145M
EBT, Excl. Unusual Items	19.06B	1.21B	-13.73B	-12.09B	3.46B
Restructuring Charges	-9.84B	-12.52B	-4.04B	-2.4B	-2.54B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	708M	-	-
Gain (Loss) On Sale Of Assets	-1.77B	570M	-583M	2.02B	2.6B
Asset Writedown	-62.87B	-1.33B	-744M	-20M	-288M
Other Unusual Items	-	-	-3.3B	-	-
EBT, Incl. Unusual Items	-55.42B	-12.06B	-21.68B	-12.49B	3.22B
Income Tax Expense	2.48B	-4.92B	-6.65B	-4.43B	1.32B
Earnings From Continuing Operations	-57.9B	-7.15B	-15.03B	-8.06B	1.9B
Earnings Of Discontinued Operations	-	2.42B	12.5B	-	-
Net Income to Company	-57.9B	-4.73B	-2.52B	-8.06B	1.9B
Minority Interest	-56M	14M	21M	-11M	-32M
Net Income - (IS)	-57.95B	-4.72B	-2.5B	-8.07B	1.87B
Net Income to Common Incl Extra Items	-57.95B	-4.72B	-2.5B	-8.07B	1.87B
Net Income to Common Excl. Extra Items	-57.95B	-7.13B	-15.01B	-8.07B	1.87B
Per Share Items
Net EPS - Basic	-322.22	-26.29	-13.96	-45	10.43
Basic EPS - Continuing Operations	-322.22	-39.77	-83.68	-45	10.43
Basic Weighted Average Shares Outstanding	180M	179M	179M	179M	179M
Net EPS - Diluted	-322.22	-26.29	-13.96	-45	10.36
Diluted EPS - Continuing Operations	-322.22	-39.77	-83.68	-45	10.36
Diluted Weighted Average Shares Outstanding	180M	179M	179M	179M	181M
Normalized Basic EPS	65.92	4.3	-47.72	-42.2	11.86
Normalized Diluted EPS	65.92	4.3	-47.72	-42.2	11.78
Dividend Per Share	50	25	50	50	50
Payout Ratio	-15.65	-95.1	-358.25	-111.12	479.26
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	75.62B	58.52B	34.67B	30.62B	49.94B
EBITA	18.67B	-1.07B	-12.79B	-15.17B	3.48B
EBIT	18.67B	-1.07B	-12.85B	-15.17B	3.48B
Effective Tax Rate - (Ratio)	-4.47	40.76	30.68	35.48	40.97
Total Current Taxes	-	-	3B	-	-
Total Deferred Taxes	-	-	-9.66B	-	-
Normalized Net Income	11.86B	771M	-8.56B	-7.57B	2.13B
Non-Cash Pension Expense	7.36B	8.48B	6B	1.46B	643M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	213B	170B	-	185B	188B
Research And Development Expense From Footnotes	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	227M	-	-
Stock-Based Comp., Other (Total)	-	-	7M	-	-
Total Stock-Based Compensation	-	-	234M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	114B	115B	110B	84.07B	114B
Short Term Investments	-	-	1.32B	-	-
Total Cash And Short Term Investments	114B	115B	112B	84.07B	114B
Accounts Receivable, Total	98.53B	96.01B	72.13B	103B	120B
Other Receivables	7.64B	2.45B	41.18B	1.94B	-
Total Receivables	106B	98.46B	113B	105B	120B
Inventory	74.12B	68.18B	67.58B	71.05B	71.65B
Prepaid Expenses	8.36B	7.55B	8B	6.84B	7.07B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.34B	56.03B	287M	4.88B	1.31B
Total Current Assets	305B	345B	301B	272B	314B
Gross Property Plant And Equipment	-	-	843B	-	-
Accumulated Depreciation	-	-	-383B	-	-
Net Property Plant And Equipment	507B	490B	460B	447B	426B
Long-term Investments	40.63B	33.11B	19.79B	21.32B	16.45B
Goodwill	27.02B	-	0	-	-
Other Intangibles, Total	67.12B	66.19B	66.22B	65.86B	63.82B
Deferred Tax Assets Long-Term	6.09B	4.99B	13.96B	20.58B	25.22B
Other Long-Term Assets, Total	1M	0	6.01B	-	0
Total Assets	952B	940B	867B	827B	845B
Liabilities
Accounts Payable, Total	122B	102B	34.81B	108B	117B
Accrued Expenses, Total	5.41B	5.21B	14.52B	5B	5.07B
Short-term Borrowings	-	50B	-	-	-
Current Portion of Long-Term Debt	17.26B	1.07B	30.99B	1B	40.98B
Current Portion of Leases	6.63B	5.55B	4.05B	5.12B	5.27B
Current Income Taxes Payable	7.83B	8.89B	1.14B	10.36B	20.45B
Other Current Liabilities	8.68B	5.48B	70.02B	6.91B	9.06B
Total Current Liabilities	168B	179B	156B	137B	197B
Long-Term Debt	188B	188B	157B	156B	115B
Long-Term Leases	34.14B	25.86B	22.46B	18.15B	20.35B
Pension & Other Post Retirement Benefits	24.91B	14.88B	19.25B	17.82B	19.86B
Deferred Tax Liability Non Current	24.88B	17.3B	17.38B	17.16B	16.76B
Other Non Current Liabilities	5.36B	13.29B	3.41B	4.92B	5.6B
Total Liabilities	446B	438B	375B	350B	375B
Common Stock, Total	15.23B	15.23B	15.23B	15.23B	15.23B
Additional Paid In Capital	451B	451B	451B	451B	451B
Retained Earnings	121B	120B	109B	94.21B	88.36B
Treasury Stock	-85.65B	-85.65B	-85.66B	-85.67B	-85.36B
Comprehensive Income and Other	4.52B	987M	2.64B	1.18B	223M
Total Common Equity	506B	502B	492B	476B	470B
Minority Interest	492M	450M	131M	142M	174M
Total Equity	506B	502B	492B	476B	470B
Total Liabilities And Equity	952B	940B	867B	827B	845B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	179M	179M	179M	179M	179M
ECS Total Common Shares Outstanding	179M	179M	179M	179M	179M
Book Value / Share	2.82K	2.8K	2.75K	2.66K	2.62K
Tangible Book Value	412B	435B	426B	410B	406B
Tangible Book Value Per Share	2.3K	2.43K	2.38K	2.29K	2.26K
Total Debt	247B	270B	214B	180B	181B
Net Debt	133B	155B	102B	95.9B	67.74B
Debt Equivalent of Unfunded Proj. Benefit Obligation	24.91B	14.01B	11.82B	11.17B	8.15B
Minority Interest, Total (Incl. Fin. Div)	492M	450M	131M	142M	174M
Equity Method Investments, Total	310M	287M	281M	322M	310M
Account Code - Inventory Valuation	-	-	6	-	-
Inventories - Raw Materials, Total	9.72B	8.76B	3.48B	9.85B	12.4B
Inventories - Work In Process, Total	530M	-	-	18M	3M
Inventories - Finished Goods, Total	63.87B	59.42B	58.96B	61.19B	59.25B
Inventories - Others	-1M	-	5.14B	-	-1M
Land - (BS)	-	-	144B	-	-
Buildings, Total	-	-	177B	-	-
Machinery, Total	-	-	471B	-	-
Full Time Employees	16.96K	16.27K	15.08K	14.48K	14.01K
Accumulated Allowance for Doubtful Accounts (Supple)	265M	392M	401M	141M	151M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-55.42B	-12.06B	-2.5B	-12.49B	3.22B
Depreciation & Amortization - CF	56.95B	59.58B	54.03B	45.79B	46.46B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	68M	-	-
Depreciation & Amortization, Total	56.95B	59.58B	54.1B	45.79B	46.46B
Amortization of Deferred Charges, Total - (CF)	-	-	3.06B	-	-
(Gain) Loss From Sale Of Asset	63.2B	-416M	-623M	-2.46B	-2.88B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	744M	-	-
(Income) Loss On Equity Investments - (CF)	-43M	245M	162M	-46M	7M
Provision and Write-off of Bad Debts	-	-	235M	-	-
Net Cash From Discontinued Operations	-	3.54B	0	-	-
Other Operating Activities, Total	-11.84B	1.8B	-26.26B	-536M	-1.58B
Change In Accounts Receivable	-6.15B	1.04B	-9.32B	2.6B	-16.71B
Change In Inventories	-5.34B	3.91B	597M	-3.45B	-600M
Change In Accounts Payable	6.26B	-9.28B	9.43B	1.38B	10.84B
Change in Other Net Operating Assets	-4.99B	-4.66B	6.37B	11.93B	20.34B
Cash from Operations	42.63B	43.72B	35.98B	42.72B	59.1B
Capital Expenditure	-78.21B	-67.56B	-39.26B	-32.67B	-31.62B
Sale of Property, Plant, and Equipment	7.62B	12.32B	4.38B	7.13B	11.81B
Divestitures	-	-	41.89B	-	-
Investment in Marketable and Equity Securities, Total	-	-	7.56B	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	2.28B	3.16B	706M	2.46B	5.53B
Cash from Investing	-68.31B	-52.08B	15.27B	-23.09B	-14.29B
Short Term Debt Issued, Total	-	50B	-	-	-
Long-Term Debt Issued, Total	149B	-	-	-	-
Total Debt Issued	149B	50B	-	-	-
Short Term Debt Repaid, Total	-24B	-	-50B	-38M	-
Long-Term Debt Repaid, Total	-21.69B	-17.27B	-8.16B	-31.06B	-1B
Total Debt Repaid	-45.69B	-17.27B	-58.16B	-31.1B	-1B
Issuance of Common Stock	3M	2M	-	-	162M
Repurchase of Common Stock	-13.1B	-8M	-8M	-6M	-5M
Common Dividends Paid	-	-	-8.97B	-	-
Common & Preferred Stock Dividends Paid	-9.07B	-4.48B	-	-8.97B	-8.97B
Common & Preferred Stock Dividends Paid	-9.07B	-4.48B	-8.97B	-8.97B	-8.97B
Other Financing Activities, Total	-7.6B	-7.32B	1M	-5.97B	-5.42B
Cash from Financing	73.99B	20.91B	-67.13B	-46.05B	-15.23B
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	1M	-	1M	-
Net Change in Cash	48.32B	12.55B	-15.88B	-26.42B	29.59B
Supplemental Items
Cash Interest Paid	1.02B	945M	844M	654M	577M
Cash Income Tax Paid (Refund)	12B	-1.66B	7.17B	633M	1.66B
Levered Free Cash Flow	-16.47B	-70.8B	41.1B	14.32B	25.23B
Unlevered Free Cash Flow	-15.73B	-70.12B	41.68B	14.79B	25.64B
Change In Net Working Capital	6.14B	61.47B	-31.59B	-11.16B	-8.63B
Net Debt Issued / Repaid	104B	32.73B	-58.16B	-31.1B	-1B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.28	-0.07	-0.89	-1.12	0.26
Return on Total Capital	1.63	-0.09	-1.09	-1.39	0.33
Return On Equity %	-10.65	-1.42	-3.02	-1.66	0.4
Return on Common Equity	-10.67	-1.42	-3.02	-1.67	0.4
Margin Analysis
Gross Profit Margin %	48.21	45.83	44.6	43.56	44.24
SG&A Margin	41.53	39.86	46.29	41.38	40.16
EBITDA Margin %	8.27	7.39	4.41	3.79	5.75
EBITA Margin %	2.04	-0.13	-1.63	-1.88	0.4
EBIT Margin %	2.04	-0.13	-1.64	-1.88	0.4
Income From Continuing Operations Margin %	-6.33	-0.9	-1.91	-1	0.22
Net Income Margin %	-6.34	-0.6	-0.32	-1	0.22
Net Avail. For Common Margin %	-6.34	-0.9	-1.91	-1	0.22
Normalized Net Income Margin	1.3	0.1	-1.09	-0.94	0.24
Levered Free Cash Flow Margin	-1.8