Balance Sheet Core & Main, Inc.

Equities

CNM

US21874C1027

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
40.83 ^USD	+2.28%		+7.31%	+1.04%

Sep. 09	Core & Main Closes Acquisition of GroGreen Solutions Georgia	MT
Sep. 09	Core & Main, Inc. completed the acquisition of Substantially All Assets of GroGreen Solutions Georgia, LLC.	CI

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Published financial data: CORE & MAIN, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2020	2021	2022	2023	2024
Revenues	3.39B	3.64B	5B	6.65B	6.7B
Total Revenues	3.39B	3.64B	5B	6.65B	6.7B
Cost of Goods Sold, Total	2.6B	2.76B	3.72B	4.86B	4.88B
Gross Profit	789M	878M	1.28B	1.8B	1.82B
Selling General & Admin Expenses, Total	508M	554M	710M	880M	926M
Depreciation & Amortization - (IS)	125M	137M	138M	140M	147M
Other Operating Expenses, Total	633M	691M	848M	1.02B	1.07B
Operating Income	156M	187M	432M	775M	745M
Interest Expense, Total	-114M	-139M	-98M	-66M	-81M
Net Interest Expenses	-114M	-139M	-98M	-66M	-81M
EBT, Excl. Unusual Items	42.4M	48.2M	334M	709M	664M
Merger & Related Restructuring Charges	-1.8M	-1.5M	-2M	-	-
Other Unusual Items	1.1M	-300K	-56M	-	-5M
EBT, Incl. Unusual Items	41.7M	46.4M	276M	709M	659M
Income Tax Expense	500K	1.9M	51M	128M	128M
Earnings From Continuing Operations	41.2M	44.5M	225M	581M	531M
Net Income to Company	41.2M	44.5M	225M	581M	531M
Minority Interest	-	-	-59M	-215M	-160M
Net Income - (IS)	41.2M	44.5M	166M	366M	371M
Preferred Dividend and Other Adjustments	-	-	76M	-	-
Net Income to Common Incl Extra Items	41.2M	44.5M	90M	366M	371M
Net Income to Common Excl. Extra Items	41.2M	44.5M	90M	366M	371M
Per Share Items
Net EPS - Basic	0.45	0.48	0.57	2.16	2.15
Basic EPS - Continuing Operations	0.45	0.48	0.57	2.16	2.15
Basic Weighted Average Shares Outstanding	92.01M	92.09M	159M	169M	173M
Net EPS - Diluted	0.45	0.48	0.55	2.13	2.15
Diluted EPS - Continuing Operations	0.45	0.48	0.55	2.13	2.15
Diluted Weighted Average Shares Outstanding	92.01M	92.09M	244M	246M	228M
Normalized Basic EPS	0.29	0.33	0.94	1.35	1.48
Normalized Diluted EPS	0.29	0.33	0.61	0.93	1.12
Payout Ratio	784.22	46.97	-	-	-
Supplemental Items
EBITDA	294M	340M	582M	923M	899M
EBITA	263M	305M	552M	895M	867M
EBIT	156M	187M	432M	775M	745M
EBITDAR	342M	393M	640M	992M	979M
Effective Tax Rate - (Ratio)	1.2	4.09	18.48	18.05	19.42
Current Domestic Taxes	700K	2.8M	68M	135M	126M
Total Current Taxes	700K	2.8M	68M	135M	126M
Deferred Domestic Taxes	-200K	-900K	-17M	-7M	2M
Total Deferred Taxes	-200K	-900K	-17M	-7M	2M
Normalized Net Income	26.5M	30.12M	150M	228M	255M
Interest on Long-Term Debt	-	-	98M	66M	81M
Supplemental Operating Expense Items
Advertising Expense	2.9M	2M	-	-	-
Selling and Marketing Expenses	2.9M	2M	-	-	-
Net Rental Expense, Total	47.3M	53.4M	58M	69M	80M
Imputed Operating Lease Interest Expense	-	26.17M	22.64M	22.37M	27.98M
Imputed Operating Lease Depreciation	-	27.23M	35.36M	46.63M	52.02M
Stock-Based Comp., SG&A Exp. (Total)	-	-	25M	11M	10M
Stock-Based Comp., Other (Total)	4M	4.1M	-	-	-
Total Stock-Based Compensation	4M	4.1M	25M	11M	10M

Fiscal Period: January	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	181M	381M	1M	177M	1M
Total Cash And Short Term Investments	181M	381M	1M	177M	1M
Accounts Receivable, Total	504M	557M	784M	851M	888M
Other Receivables	-	-	100M	104M	85M
Total Receivables	504M	557M	884M	955M	973M
Inventory	336M	384M	856M	1.05B	766M
Prepaid Expenses	17.1M	15.6M	26M	32M	33M
Total Current Assets	1.04B	1.34B	1.77B	2.21B	1.77B
Gross Property Plant And Equipment	248M	273M	321M	387M	477M
Accumulated Depreciation	-41.4M	-61.2M	-79M	-107M	-134M
Net Property Plant And Equipment	206M	212M	242M	280M	343M
Long-term Investments	-	-	31M	84M	67M
Goodwill	1.03B	1.12B	1.52B	1.54B	1.56B
Other Intangibles, Total	921M	922M	875M	795M	784M
Deferred Tax Assets Long-Term	-	-	-	-	542M
Other Long-Term Assets, Total	2.1M	-	4M	4M	-1M
Total Assets	3.2B	3.59B	4.43B	4.91B	5.07B
Liabilities
Accounts Payable, Total	268M	326M	608M	479M	504M
Accrued Expenses, Total	94M	119M	129M	123M	106M
Current Portion of Long-Term Debt	13M	13M	15M	15M	15M
Current Portion of Leases	39.8M	42.8M	49M	54M	55M
Current Income Taxes Payable	-	-	12M	-	-
Other Current Liabilities	16M	18.8M	26M	55M	94M
Total Current Liabilities	430M	519M	839M	726M	774M
Long-Term Debt	2.01B	2.25B	1.46B	1.44B	1.86B
Long-Term Leases	83.6M	85.9M	103M	121M	138M
Deferred Tax Liability Non Current	1.8M	32.1M	35M	9M	48M
Other Non Current Liabilities	31M	31M	170M	199M	722M
Total Liabilities	2.56B	2.92B	2.6B	2.5B	3.54B
Common Stock, Total	642M	674M	3M	3M	2M
Additional Paid In Capital	-	-	1.21B	1.24B	1.21B
Retained Earnings	-	-	92M	458M	189M
Comprehensive Income and Other	-	-	16M	45M	46M
Total Common Equity	642M	674M	1.32B	1.75B	1.45B
Minority Interest	-	-	506M	663M	73M
Total Equity	642M	674M	1.83B	2.41B	1.52B
Total Liabilities And Equity	3.2B	3.59B	4.43B	4.91B	5.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.01M	92.09M	168M	173M	192M
ECS Total Common Shares Outstanding	92.01M	92.09M	168M	173M	192M
Book Value / Share	6.97	7.32	7.91	10.11	7.57
Tangible Book Value	-1.31B	-1.37B	-1.06B	-583M	-894M
Tangible Book Value Per Share	-14.25	-14.88	-6.36	-3.37	-4.66
Total Debt	2.15B	2.39B	1.62B	1.63B	2.07B
Net Debt	1.97B	2.01B	1.62B	1.46B	2.07B
Debt Equivalent Oper. Leases	378M	427M	464M	552M	640M
Minority Interest, Total (Incl. Fin. Div)	-	-	506M	663M	73M
Account Code - Inventory Valuation	-	6	6	6	6
Land - (BS)	22M	23.1M	23M	24M	38M
Buildings, Total	28.1M	31.5M	39M	56M	80M
Machinery, Total	71.9M	87.2M	101M	110M	139M
Full Time Employees	-	3.7K	4.1K	4.5K	5K
Accumulated Allowance for Doubtful Accounts (Supple)	7.3M	4.6M	5M	9M	12M

Fiscal Period: January	2020	2021	2022	2023	2024
Net Income	41.2M	44.5M	166M	366M	371M
Depreciation & Amortization - CF	31.7M	35.2M	30M	28M	32M
Amortization of Goodwill and Intangible Assets - (CF)	106M	118M	120M	120M	122M
Depreciation & Amortization, Total	138M	153M	150M	148M	154M
Stock-Based Compensation (CF)	-	-	25M	11M	10M
Provision and Write-off of Bad Debts	3.9M	1.7M	2M	-	-
Other Operating Activities, Total	5.8M	3.8M	92M	215M	167M
Change In Accounts Receivable	3.2M	-27.7M	-312M	-51M	21M
Change In Inventories	-1.9M	-27.1M	-440M	-149M	328M
Change In Accounts Payable	14.5M	40.3M	274M	-140M	11M
Change in Other Net Operating Assets	1.6M	31.6M	12M	1M	7M
Cash from Operations	206M	220M	-31M	401M	1.07B
Capital Expenditure	-13.9M	-11.9M	-20M	-25M	-39M
Sale of Property, Plant, and Equipment	400K	200K	1M	1M	-
Cash Acquisitions	-220M	-217M	-179M	-128M	-231M
Other Investing Activities, Total	-	-	-5M	-	-
Cash from Investing	-234M	-229M	-203M	-152M	-270M
Short Term Debt Issued, Total	-	-	18M	244M	-
Long-Term Debt Issued, Total	525M	710M	1.5B	-	665M
Total Debt Issued	525M	710M	1.52B	244M	665M
Short Term Debt Repaid, Total	-	-	-18M	-244M	-
Long-Term Debt Repaid, Total	-12.5M	-473M	-2.32B	-15M	-250M
Total Debt Repaid	-12.5M	-473M	-2.34B	-259M	-250M
Issuance of Common Stock	400K	1.2M	764M	1M	-
Repurchase of Common Stock	-200K	-	-	-	-1.34B
Common Dividends Paid	-323M	-20.9M	-	-	-
Common & Preferred Stock Dividends Paid	-323M	-20.9M	-	-	-
Other Financing Activities, Total	-18.9M	-8.2M	-91M	-59M	-46M
Cash from Financing	171M	209M	-146M	-73M	-975M
Net Change in Cash	144M	200M	-380M	176M	-176M
Supplemental Items
Cash Interest Paid	98.6M	123M	126M	74M	105M
Cash Income Tax Paid (Refund)	-	-	55M	147M	116M
Levered Free Cash Flow	-	162M	-137M	191M	849M
Unlevered Free Cash Flow	-	249M	-76M	232M	900M
Change In Net Working Capital	-	13.3M	501M	386M	-309M
Net Debt Issued / Repaid	512M	237M	-819M	-15M	415M

Fiscal Period: January	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	3.45	6.46	10.37	9.33
Return on Total Capital	-	4	8.12	12.92	12.19
Return On Equity %	-	6.77	17.1	27.4	27
Return on Common Equity	-	6.77	8.47	23.83	23.2
Margin Analysis
Gross Profit Margin %	23.29	24.12	25.58	26.99	27.13
SG&A Margin	14.98	15.2	14.19	13.23	13.82
EBITDA Margin %	8.68	9.33	11.63	13.88	13.41
EBITA Margin %	7.75	8.37	11.03	13.46	12.94
EBIT Margin %	4.61	5.14	8.63	11.65	11.12
Income From Continuing Operations Margin %	1.22	1.22	4.5	8.74	7.92
Net Income Margin %	1.22	1.22	3.32	5.5	5.54
Net Avail. For Common Margin %	1.22	1.22	1.8	5.5	5.54
Normalized Net Income Margin	0.78	0.83	2.99	3.43	3.8
Levered Free Cash Flow Margin	-	4.44	-2.74	2.87	12.67
Unlevered Free Cash Flow Margin	-	6.83	-1.52	3.49	13.42
Asset Turnover
Asset Turnover	-	1.07	1.2	1.42	1.34
Fixed Assets Turnover	-	17.41	22	25.29	21.52
Receivables Turnover (Average Receivables)	-	6.87	7.82	8.14	7.71
Inventory Turnover (Average Inventory)	-	7.68	6.01	5.1	5.39
Short Term Liquidity
Current Ratio	2.41	2.58	2.11	3.05	2.29
Quick Ratio	1.59	1.81	1.05	1.56	1.26
Operating Cash Flow to Current Liabilities	0.48	0.42	-0.04	0.55	1.38
Days Sales Outstanding (Average Receivables)	-	53.01	46.52	44.74	47.22
Days Outstanding Inventory (Average Inventory)	-	47.4	60.6	71.32	67.56
Average Days Payable Outstanding	-	38.41	40.51	39.2	38.87
Cash Conversion Cycle (Average Days)	-	62.01	66.61	76.87	75.92
Long Term Solvency
Total Debt/Equity	334.76	355.16	88.64	67.8	135.89
Total Debt / Total Capital	77	78.03	46.99	40.41	57.61
LT Debt/Equity	326.53	346.88	85.14	64.94	131.3
Long-Term Debt / Total Capital	75.11	76.21	45.14	38.7	55.66
Total Liabilities / Total Assets	79.95	81.25	58.71	50.91	69.93
EBIT / Interest Expense	1.37	1.35	4.41	11.74	9.2
EBITDA / Interest Expense	3	2.83	6.53	15.03	12.09
(EBITDA - Capex) / Interest Expense	2.88	2.74	6.33	14.65	11.6
Total Debt / EBITDA	6.29	6.08	2.54	1.65	2.12
Net Debt / EBITDA	5.76	5.12	2.53	1.47	2.11
Total Debt / (EBITDA - Capex)	6.55	6.27	2.62	1.69	2.2
Net Debt / (EBITDA - Capex)	6	5.28	2.62	1.51	2.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.84	7.49	37.4	32.91	0.77
Gross Profit, 1 Yr. Growth %	11.03	11.3	45.79	40.23	1.28
EBITDA, 1 Yr. Growth %	11.73	15.53	71.68	59.14	-2.71
EBITA, 1 Yr. Growth %	10.8	16.07	81.58	62.73	-3.24
EBIT, 1 Yr. Growth %	10.63	19.99	132.26	80.23	-3.99
Earnings From Cont. Operations, 1 Yr. Growth %	12.57	8.01	508.11	158.22	-8.61
Net Income, 1 Yr. Growth %	12.57	8.01	348.65	120.48	1.37
Normalized Net Income, 1 Yr. Growth %	6	13.68	409.79	53.62	11.48
Diluted EPS Before Extra, 1 Yr. Growth %	12.49	7.92	36.43	288.98	0.67
Accounts Receivable, 1 Yr. Growth %	-	10.48	58.38	8.55	4.35
Inventory, 1 Yr. Growth %	-	14.19	122.92	22.31	-26.84
Net Property, Plant and Equip., 1 Yr. Growth %	-	2.86	13.62	13.82	22.5
Total Assets, 1 Yr. Growth %	-	12.32	13	10.71	3.26
Tangible Book Value, 1 Yr. Growth %	-	4.51	-32.3	-45.05	53.34
Common Equity, 1 Yr. Growth %	-	5.05	65.42	31.85	-16.94
Cash From Operations, 1 Yr. Growth %	104.66	6.44	-114.49	-1.39K	166.58
Capital Expenditures, 1 Yr. Growth %	0	-14.39	66.67	25	56
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-183.7	-238	342.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-130.3	-400.81	286.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	6.66	21.51	35.14	15.73
Gross Profit, 2 Yr. CAGR %	-	11.17	27.37	42.98	19.18
EBITDA, 2 Yr. CAGR %	-	13.61	40.46	65.25	24.5
EBITA, 2 Yr. CAGR %	-	13.41	44.6	71.87	25.55
EBIT, 2 Yr. CAGR %	-	15.21	65.88	104.68	31.63
Earnings From Cont. Operations, 2 Yr. CAGR %	-	10.27	150	296.27	53.62
Net Income, 2 Yr. CAGR %	-	10.27	114.74	214.51	49.5
Normalized Net Income, 2 Yr. CAGR %	-	9.77	133.36	181.69	31.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-	10.18	18.36	130.36	97.88
Accounts Receivable, 2 Yr. CAGR %	-	-	24.72	31.12	6.43
Inventory, 2 Yr. CAGR %	-	-	59.59	65.12	-5.4
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	8.31	14.65	18.08
Total Assets, 2 Yr. CAGR %