Cash flow Eaton Corporation plc

Equities

ETN

IE00B8KQN827

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
346.28 ^USD	+0.32%		+1.41%	+4.34%

Jan. 16	Goldman Sachs Adjusts Eaton Price Target to $408 From $411, Maintains Buy Rating	MT
Jan. 16	RBC Raises Price Target on Eaton to $407 From $392, Keeps Outperform Rating	MT

b.AFqwOkwg8du5PScqx5EupxSGTzbJseJf1iRuQpQavwg.aj_2CRhlh6LQbF5lraQDimz2FVOOhJIIsRwIJ_1g63FQO95WDQ2yncoPSA

Published financial data: EATON CORPORATION PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	21.39B	17.86B	19.63B	20.75B	23.2B
Total Revenues	21.39B	17.86B	19.63B	20.75B	23.2B
Cost of Goods Sold, Total	14.34B	12.41B	13.29B	13.86B	14.76B
Gross Profit	7.05B	5.45B	6.34B	6.89B	8.43B
Selling General & Admin Expenses, Total	3.6B	3.11B	3.2B	3.19B	3.75B
R&D Expenses	606M	551M	616M	665M	754M
Other Operating Expenses, Total	4.2B	3.66B	3.82B	3.86B	4.5B
Operating Income	2.85B	1.79B	2.52B	3.03B	3.93B
Interest Expense, Total	-236M	-221M	-144M	-88M	-208M
Net Interest Expenses	-236M	-221M	-144M	-88M	-208M
Currency Exchange Gains (Loss)	73M	72M	-	-56M	57M
Other Non Operating Income (Expenses)	-29M	-112M	-97M	32M	45M
EBT, Excl. Unusual Items	2.66B	1.52B	2.28B	2.92B	3.83B
Restructuring Charges	-	-	-	-29M	-
Merger & Related Restructuring Charges	-2M	-	-	-	-
Gain (Loss) On Sale Of Assets	-66M	221M	617M	24M	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	2.59B	1.75B	2.9B	2.91B	3.83B
Income Tax Expense	378M	331M	750M	445M	604M
Earnings From Continuing Operations	2.21B	1.42B	2.15B	2.47B	3.22B
Net Income to Company	2.21B	1.42B	2.15B	2.47B	3.22B
Minority Interest	-2M	-5M	-2M	-4M	-5M
Net Income - (IS)	2.21B	1.41B	2.14B	2.46B	3.22B
Net Income to Common Incl Extra Items	2.21B	1.41B	2.14B	2.46B	3.22B
Net Income to Common Excl. Extra Items	2.21B	1.41B	2.14B	2.46B	3.22B
Per Share Items
Net EPS - Basic	5.28	3.51	5.38	6.18	8.06
Basic EPS - Continuing Operations	5.28	3.51	5.38	6.18	8.06
Basic Weighted Average Shares Outstanding	419M	402M	399M	399M	399M
Net EPS - Diluted	5.25	3.49	5.34	6.14	8.02
Diluted EPS - Continuing Operations	5.25	3.49	5.34	6.14	8.02
Diluted Weighted Average Shares Outstanding	421M	404M	402M	401M	401M
Normalized Basic EPS	3.96	2.36	3.57	4.56	5.98
Normalized Diluted EPS	3.94	2.35	3.54	4.54	5.95
Dividend Per Share	2.84	2.92	3.04	3.24	3.44
Payout Ratio	54.32	83.33	56.86	52.76	42.85
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	3.74B	2.6B	3.44B	3.98B	4.86B
EBITA	3.22B	2.14B	2.96B	3.53B	4.38B
EBIT	2.85B	1.79B	2.52B	3.03B	3.93B
EBITDAR	3.97B	2.8B	3.64B	4.2B	5.1B
Effective Tax Rate - (Ratio)	14.59	18.96	25.9	15.29	15.78
Current Domestic Taxes	26M	15M	50M	3M	42M
Current Foreign Taxes	410M	441M	730M	570M	744M
Total Current Taxes	436M	456M	780M	573M	786M
Deferred Domestic Taxes	3M	-	-2M	13M	1M
Deferred Foreign Taxes	-61M	-125M	-28M	-141M	-183M
Total Deferred Taxes	-58M	-125M	-30M	-128M	-182M
Normalized Net Income	1.66B	948M	1.42B	1.82B	2.39B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	1M	1M	2M	1M	1M
Non-Cash Pension Expense	16M	42M	-44M	-32M	-40M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	606M	551M	616M	665M	754M
Net Rental Expense, Total	231M	203M	193M	222M	245M
Imputed Operating Lease Interest Expense	53.29M	41.2M	25.09M	17.03M	42.51M
Imputed Operating Lease Depreciation	178M	162M	168M	205M	202M
Stock-Based Comp., Other (Total)	87M	92M	101M	97M	97M
Total Stock-Based Compensation	87M	92M	101M	97M	97M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	370M	438M	297M	294M	488M
Short Term Investments	221M	664M	271M	261M	2.12B
Trading Asset Securities, Total	-	2M	22M	-	-
Total Cash And Short Term Investments	591M	1.1B	590M	555M	2.61B
Accounts Receivable, Total	3.54B	2.99B	3.48B	4.31B	4.76B
Total Receivables	3.54B	2.99B	3.48B	4.31B	4.76B
Inventory	2.8B	2.11B	2.97B	3.43B	3.74B
Prepaid Expenses	352M	415M	414M	383M	532M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.44B	2.56B	54M	69M	31M
Total Current Assets	8.73B	9.18B	7.51B	8.75B	11.68B
Gross Property Plant And Equipment	9.14B	8.02B	8.26B	8.58B	9.39B
Accumulated Depreciation	-5.21B	-4.62B	-4.75B	-4.87B	-5.21B
Net Property Plant And Equipment	3.93B	3.39B	3.51B	3.72B	4.18B
Long-term Investments	60M	117M	844M	788M	860M
Goodwill	13.46B	12.9B	14.75B	14.8B	14.98B
Other Intangibles, Total	4.64B	4.18B	5.86B	5.48B	5.09B
Deferred Tax Assets Long-Term	372M	426M	392M	330M	458M
Other Long-Term Assets, Total	1.62B	1.63B	1.17B	1.15B	1.19B
Total Assets	32.8B	31.82B	34.03B	35.01B	38.43B
Liabilities
Accounts Payable, Total	2.11B	1.99B	2.8B	3.07B	3.36B
Accrued Expenses, Total	526M	440M	567M	933M	1.14B
Short-term Borrowings	255M	1M	13M	324M	8M
Current Portion of Long-Term Debt	242M	1.04B	1.72B	-	1B
Current Portion of Leases	127M	124M	135M	137M	148M
Unearned Revenue Current, Total	-	-	395M	489M	610M
Other Current Liabilities	1.87B	2.29B	1.58B	1.4B	1.47B
Total Current Liabilities	5.13B	5.88B	7.21B	6.36B	7.75B
Long-Term Debt	7.84B	7.09B	6.89B	8.3B	8.22B
Long-Term Leases	352M	356M	360M	477M	555M
Unearned Revenue Non Current	-	-	27M	19M	16M
Pension & Other Post Retirement Benefits	1.79B	1.92B	1.14B	826M	948M
Deferred Tax Liability Non Current	396M	277M	559M	530M	402M
Other Non Current Liabilities	1.16B	1.33B	1.4B	1.42B	1.47B
Total Liabilities	16.67B	16.85B	17.58B	17.94B	19.36B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	12.2B	12.33B	12.45B	12.51B	12.63B
Retained Earnings	8.17B	6.79B	7.59B	8.47B	10.3B
Comprehensive Income and Other	-4.29B	-4.2B	-3.63B	-3.95B	-3.91B
Total Common Equity	16.08B	14.93B	16.41B	17.04B	19.04B
Minority Interest	51M	43M	38M	38M	33M
Total Equity	16.13B	14.97B	16.45B	17.08B	19.07B
Total Liabilities And Equity	32.8B	31.82B	34.03B	35.01B	38.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	413M	398M	399M	398M	400M
ECS Total Common Shares Outstanding	413M	398M	399M	398M	399M
Book Value / Share	38.91	37.5	41.16	42.83	47.66
Tangible Book Value	-2.01B	-2.15B	-4.19B	-3.24B	-1.03B
Tangible Book Value Per Share	-4.87	-5.4	-10.51	-8.15	-2.58
Total Debt	8.82B	8.61B	9.12B	9.24B	9.94B
Net Debt	8.22B	7.5B	8.52B	8.69B	7.33B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.44B	1.56B	678M	499M	609M
Debt Equivalent Oper. Leases	1.85B	1.62B	1.54B	1.78B	1.96B
Minority Interest, Total (Incl. Fin. Div)	51M	43M	38M	38M	33M
Equity Method Investments, Total	-	-	777M	788M	860M
Account Code - Inventory Valuation	5	5	5	5	5
LIFO Reserve, Total	-	-	-	-	-
Inventories - Raw Materials, Total	986M	803M	1.1B	1.28B	1.52B
Inventories - Work In Process, Total	640M	498M	620M	781M	870M
Inventories - Finished Goods, Total	1.18B	808M	1.25B	1.37B	1.35B
Land - (BS)	2.42B	2.17B	2.22B	2.12B	2.23B
Machinery, Total	6.25B	5.37B	5.54B	5.84B	6.44B
Full Time Employees	101K	91.99K	85.95K	92K	94K
Accumulated Allowance for Doubtful Accounts (Supple)	49M	48M	42M	31M	38M
Order Backlog	5.4B	5.6B	7.7B	11.4B	13B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.21B	1.41B	2.14B	2.46B	3.22B
Depreciation & Amortization - CF	517M	457M	478M	455M	476M
Amortization of Goodwill and Intangible Assets - (CF)	367M	354M	444M	499M	450M
Depreciation & Amortization, Total	884M	811M	922M	954M	926M
(Gain) Loss From Sale Of Asset	66M	-91M	-197M	-24M	-
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	226M	179M	-397M	-171M	-371M
Change In Accounts Receivable	200M	219M	-271M	-743M	-341M
Change In Inventories	-60M	371M	-629M	-490M	-282M
Change In Accounts Payable	147M	76M	832M	334M	256M
Change In Income Taxes	-49M	-95M	-317M	170M	61M
Change in Other Net Operating Assets	-174M	64M	76M	41M	157M
Cash from Operations	3.45B	2.94B	2.16B	2.53B	3.62B
Capital Expenditure	-587M	-389M	-575M	-598M	-757M
Sale of Property, Plant, and Equipment	-	-	-	163M	76M
Cash Acquisitions	-1.18B	-200M	-4.5B	-610M	-
Divestitures	-36M	1.41B	3.13B	31M	-2M
Investment in Marketable and Equity Securities, Total	-70M	-441M	255M	-61M	-1.93B
Other Investing Activities, Total	7M	19M	-73M	-125M	37M
Cash from Investing	-1.87B	397M	-1.76B	-1.2B	-2.58B
Short Term Debt Issued, Total	-	-	20M	317M	-
Long-Term Debt Issued, Total	1.23B	1M	1.8B	2B	818M
Total Debt Issued	1.23B	1M	1.82B	2.31B	818M
Short Term Debt Repaid, Total	-	-	-	-	-311M
Long-Term Debt Repaid, Total	-507M	-504M	-1.01B	-2.01B	-19M
Total Debt Repaid	-507M	-504M	-1.01B	-2.01B	-330M
Issuance of Common Stock	66M	71M	63M	28M	78M
Repurchase of Common Stock	-1.08B	-1.64B	-169M	-346M	-49M
Common Dividends Paid	-1.2B	-1.18B	-1.22B	-1.3B	-1.38B
Common & Preferred Stock Dividends Paid	-1.2B	-1.18B	-1.22B	-1.3B	-1.38B
Other Financing Activities, Total	-9M	-6M	-15M	-23M	-9M
Cash from Financing	-1.49B	-3.26B	-535M	-1.34B	-871M
Foreign Exchange Rate Adjustments	-4M	-15M	-5M	4M	16M
Net Change in Cash	87M	68M	-141M	-3M	194M
Supplemental Items
Cash Interest Paid	280M	217M	209M	252M	320M
Cash Income Tax Paid (Refund)	425M	391M	753M	393M	727M
Levered Free Cash Flow	1.14B	1.76B	3.71B	1.58B	2.41B
Unlevered Free Cash Flow	1.29B	1.9B	3.8B	1.63B	2.54B
Change In Net Working Capital	879M	-272M	-1.78B	715M	187M
Net Debt Issued / Repaid	725M	-503M	805M	300M	488M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.58	3.45	4.78	5.48	6.69
Return on Total Capital	7.33	4.6	6.41	7.3	8.89
Return On Equity %	13.71	9.1	13.66	14.71	17.83
Return on Common Equity	13.74	9.09	13.68	14.72	17.84
Margin Analysis
Gross Profit Margin %	32.97	30.52	32.28	33.19	36.36
SG&A Margin	16.81	17.43	16.3	15.39	16.15
EBITDA Margin %	17.46	14.54	17.54	19.19	20.95
EBITA Margin %	15.04	11.98	15.1	17	18.9
EBIT Margin %	13.33	10	12.84	14.59	16.96
Income From Continuing Operations Margin %	10.35	7.92	10.93	11.88	13.89
Net Income Margin %	10.34	7.9	10.92	11.86	13.87
Net Avail. For Common Margin %	10.34	7.9	10.92	11.86	13.87
Normalized Net Income Margin	7.76	5.31	7.25	8.76	10.29
Levered Free Cash Flow Margin	5.33	9.88	18.92	7.59	10.38
Unlevered Free Cash Flow Margin	6.02	10.65	19.38	7.86	10.94
Asset Turnover
Asset Turnover	0.67	0.55	0.6	0.6	0.63
Fixed Assets Turnover	5.78	4.88	5.69	5.75	5.88
Receivables Turnover (Average Receivables)	5.71	5.47	6.06	5.33	5.11
Inventory Turnover (Average Inventory)	5.13	5.05	5.24	4.33	4.12
Short Term Liquidity
Current Ratio	1.7	1.56	1.04	1.38	1.51
Quick Ratio	0.81	0.7	0.56	0.76	0.95
Operating Cash Flow to Current Liabilities	0.67	0.5	0.3	0.4	0.47
Days Sales Outstanding (Average Receivables)	63.93	66.94	60.23	68.53	71.38
Days Outstanding Inventory (Average Inventory)	71.15	72.47	69.72	84.23	88.63
Average Days Payable Outstanding	53.94	64.08	61.69	74.77	77.95
Cash Conversion Cycle (Average Days)	81.14	75.33	68.26	78	82.07
Long Term Solvency
Total Debt/Equity	54.65	57.49	55.41	54.12	52.13
Total Debt / Total Capital	35.34	36.5	35.65	35.11	34.27
LT Debt/Equity	50.78	49.72	44.05	51.42	46.04
Long-Term Debt / Total Capital	32.83	31.57	28.35	33.36	30.27
Total Liabilities / Total Assets	50.82	52.95	51.65	51.23	50.38
EBIT / Interest Expense	12.08	8.08	17.5	34.41	18.91
EBITDA / Interest Expense	16.81	12.67	25.24	47.77	24.54
(EBITDA - Capex) / Interest Expense	14.32	10.91	21.25	40.98	20.9
Total Debt / EBITDA