Balance Sheet Edenred SE

Equities

EDEN

FR0010908533

Business Support Services

Market Closed - Euronext Paris Other stock markets 11:35:12 2025-01-21 am EST			5-day change	1st Jan Change
31.35 ^EUR	-0.25%		+2.59%	-1.26%

Jan. 20	Edenred: ISP mandate for share buybacks	CF
Jan. 13	Edenred: new Chief Technology Officer	CF

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Published financial data: EDENRED SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.57B	1.42B	1.58B	1.94B	2.31B
Total Revenues	1.57B	1.42B	1.58B	1.94B	2.31B
Cost of Goods Sold, Total	910M	849M	916M	1.14B	1.36B
Gross Profit	660M	574M	667M	806M	952M
Selling General & Admin Expenses, Total	1M	-	-	-	-
Depreciation & Amortization - (IS)	-	125M	132M	149M	193M
Amortization of Goodwill and Intangible Assets - (IS)	123M	-	-	-	-
Other Operating Expenses	31M	38M	39M	55M	216M
Other Operating Expenses, Total	155M	163M	171M	204M	409M
Operating Income	505M	411M	496M	602M	543M
Interest Expense, Total	-38M	-36M	-33M	-40M	-130M
Interest And Investment Income	23M	62M	68M	114M	227M
Net Interest Expenses	-15M	26M	35M	74M	97M
Income (Loss) On Equity Invest.	14M	13M	8M	2M	-
Currency Exchange Gains (Loss)	-3M	1M	-1M	-5M	-4M
Other Non Operating Income (Expenses)	37M	-21M	-9M	-36M	-62M
EBT, Excl. Unusual Items	538M	430M	529M	637M	574M
Restructuring Charges	-5M	-12M	-9M	-8M	-10M
Merger & Related Restructuring Charges	-6M	-	-	-	-29M
Impairment of Goodwill	-6M	-4M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-4M	-4M	-4M	-5M	11M
Asset Writedown	-8M	-10M	-7M	-10M	-1M
Legal Settlements	-	6M	-	-	-
Other Unusual Items	-10M	-16M	-15M	-9M	-11M
EBT, Incl. Unusual Items	499M	390M	494M	605M	534M
Income Tax Expense	153M	124M	151M	188M	226M
Earnings From Continuing Operations	346M	266M	343M	417M	308M
Net Income to Company	346M	266M	343M	417M	308M
Minority Interest	-34M	-28M	-30M	-31M	-41M
Net Income - (IS)	312M	238M	313M	386M	267M
Net Income to Common Incl Extra Items	312M	238M	313M	386M	267M
Net Income to Common Excl. Extra Items	312M	238M	313M	386M	267M
Per Share Items
Net EPS - Basic	1.3	0.97	1.26	1.55	1.07
Basic EPS - Continuing Operations	1.3	0.97	1.26	1.55	1.07
Basic Weighted Average Shares Outstanding	241M	244M	248M	249M	249M
Net EPS - Diluted	1.29	0.97	1.19	1.46	1.01
Diluted EPS - Continuing Operations	1.29	0.97	1.19	1.46	1.01
Diluted Weighted Average Shares Outstanding	242M	245M	263M	264M	264M
Normalized Basic EPS	1.26	0.99	1.21	1.47	1.28
Normalized Diluted EPS	1.25	0.98	1.14	1.39	1.2
Dividend Per Share	0.7	0.75	0.9	1	1.1
Payout Ratio	19.87	25.21	19.17	58.03	93.26
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	600M	505M	598M	720M	647M
EBITA	585M	491M	584M	707M	595M
EBIT	505M	411M	496M	602M	543M
EBITDAR	601M	-	-	-	-
Total Revenues (As Reported)	1.63B	1.46B	1.63B	2.03B	2.51B
Effective Tax Rate - (Ratio)	30.66	31.79	30.57	31.07	42.32
Total Current Taxes	130M	98M	123M	187M	251M
Total Deferred Taxes	23M	26M	28M	1M	-25M
Normalized Net Income	302M	241M	301M	367M	318M
Interest on Long-Term Debt	12M	-	-	-	-
Non-Cash Pension Expense	-8M	0	0	0	-1M
Supplemental Operating Expense Items
Net Rental Expense, Total	1M	-	-	-	-
Imputed Operating Lease Interest Expense	104K	-	-	-	-
Imputed Operating Lease Depreciation	896K	-	-	-	-
Stock-Based Comp., COGS (Total)	-	14M	12M	20M	21M
Stock-Based Comp., Other (Total)	16M	-	-	-	-
Total Stock-Based Compensation	16M	14M	12M	20M	21M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1B	1.12B	1.49B	1.48B	1.35B
Short Term Investments	761M	1.02B	1.18B	1.54B	2B
Trading Asset Securities, Total	-	-	39M	-	2M
Total Cash And Short Term Investments	1.76B	2.15B	2.72B	3.02B	3.35B
Accounts Receivable, Total	2.07B	1.74B	2.12B	2.66B	2.79B
Other Receivables	301M	243M	386M	517M	538M
Notes Receivable	-	-	-	-	-
Total Receivables	2.37B	1.99B	2.5B	3.18B	3.33B
Inventory	32M	43M	46M	59M	67M
Prepaid Expenses	26M	38M	34M	48M	67M
Restricted Cash	1.86B	2.58B	2.43B	2.12B	2.07B
Other Current Assets, Total	108M	132M	8M	11M	14M
Total Current Assets	6.17B	6.92B	7.74B	8.44B	8.9B
Gross Property Plant And Equipment	317M	310M	342M	370M	409M
Accumulated Depreciation	-148M	-162M	-186M	-213M	-249M
Net Property Plant And Equipment	169M	148M	156M	157M	160M
Long-term Investments	120M	178M	188M	177M	122M
Goodwill	1.6B	1.46B	1.51B	1.6B	2.78B
Other Intangibles, Total	706M	655M	677M	738M	1.25B
Deferred Tax Assets Long-Term	94M	49M	38M	35M	55M
Other Long-Term Assets, Total	24M	18M	19M	19M	25M
Total Assets	8.89B	9.43B	10.32B	11.17B	13.3B
Liabilities
Accounts Payable, Total	261M	669M	721M	1.03B	1.65B
Accrued Expenses, Total	157M	129M	154M	176M	222M
Short-term Borrowings	158M	109M	101M	124M	27M
Current Portion of Long-Term Debt	420M	227M	266M	55M	542M
Current Portion of Leases	25M	28M	28M	31M	36M
Current Income Taxes Payable	33M	11M	27M	46M	82M
Unearned Revenue Current, Total	35M	47M	76M	68M	83M
Other Current Liabilities	6.06B	6.15B	6.5B	6.96B	7.08B
Total Current Liabilities	7.15B	7.37B	7.88B	8.5B	9.72B
Long-Term Debt	2.48B	2.95B	3.06B	3.05B	3.78B
Long-Term Leases	80M	74M	86M	78M	80M
Pension & Other Post Retirement Benefits	31M	27M	26M	12M	13M
Deferred Tax Liability Non Current	174M	129M	137M	138M	256M
Other Non Current Liabilities	12M	6M	8M	8M	8M
Total Liabilities	9.93B	10.56B	11.19B	11.79B	13.86B
Common Stock, Total	486M	493M	499M	499M	499M
Additional Paid In Capital	880M	950M	1.06B	1.04B	1.04B
Retained Earnings	312M	-231M	-87M	-1.86B	-1.91B
Treasury Stock	-48M	-37M	-67M	-57M	-73M
Comprehensive Income and Other	-2.82B	-2.4B	-2.35B	-340M	-230M
Total Common Equity	-1.19B	-1.23B	-953M	-718M	-679M
Minority Interest	150M	96M	84M	105M	110M
Total Equity	-1.04B	-1.13B	-869M	-613M	-569M
Total Liabilities And Equity	8.89B	9.43B	10.32B	11.17B	13.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	242M	246M	249M	249M	249M
ECS Total Common Shares Outstanding	242M	246M	249M	249M	249M
Book Value / Share	-4.93	-5	-3.83	-2.88	-2.73
Tangible Book Value	-3.5B	-3.34B	-3.14B	-3.06B	-4.71B
Tangible Book Value Per Share	-14.47	-13.59	-12.62	-12.29	-18.92
Total Debt	3.16B	3.39B	3.54B	3.34B	4.47B
Net Debt	1.4B	1.24B	820M	317M	1.12B
Debt Equivalent of Unfunded Proj. Benefit Obligation	32M	27M	26M	12M	25M
Debt Equivalent Oper. Leases	8M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	150M	96M	84M	105M	110M
Equity Method Investments, Total	69M	64M	67M	67M	18M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	2M	2M	2M	2M	2M
Buildings, Total	18M	18M	19M	19M	19M
Machinery, Total	155M	133M	133M	144M	156M
Full Time Employees	10K	8.48K	8.8K	10K	11.01K
Part Time Employees	-	353	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	110M	98M	95M	115M	112M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	312M	238M	313M	386M	267M
Depreciation & Amortization - CF	43M	45M	44M	44M	141M
Amortization of Goodwill and Intangible Assets - (CF)	80M	80M	88M	105M	52M
Depreciation & Amortization, Total	123M	125M	132M	149M	193M
Minority Interest in Earnings - (CF)	34M	28M	30M	31M	41M
(Gain) Loss From Sale Of Asset	4M	4M	4M	14M	22M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	22M	27M	16M	18M	11M
(Income) Loss On Equity Investments - (CF)	-14M	-13M	-8M	-2M	-
Stock-Based Compensation (CF)	16M	14M	12M	20M	21M
Other Operating Activities, Total	-6M	26M	29M	38M	132M
Change In Accounts Receivable	-198M	330M	-376M	-545M	165M
Change In Inventories	-5M	-11M	-3M	-13M	8M
Change In Accounts Payable	37M	408M	52M	312M	-620M
Change In Income Taxes	20M	-	16M	19M	-36M
Change in Other Net Operating Assets	120M	-458M	387M	586M	848M
Cash from Operations	465M	718M	604M	1.01B	1.05B
Capital Expenditure	-103M	-104M	-114M	-151M	-190M
Sale of Property, Plant, and Equipment	-	-	25M	29M	12M
Cash Acquisitions	-757M	-127M	-72M	-77M	-1.04B
Investment in Marketable and Equity Securities, Total	-9M	-63M	-19M	-12M	-14M
Cash from Investing	-869M	-294M	-180M	-211M	-1.23B
Long-Term Debt Issued, Total	561M	633M	416M	10M	1.2B
Total Debt Issued	561M	633M	416M	10M	1.2B
Short Term Debt Repaid, Total	-281M	-812M	-335M	-597M	-493M
Long-Term Debt Repaid, Total	-116M	-6M	-	-	-255M
Total Debt Repaid	-397M	-818M	-335M	-597M	-748M
Issuance of Common Stock	5M	3M	-	-	-
Repurchase of Common Stock	-52M	-23M	-41M	-2M	-25M
Common Dividends Paid	-62M	-60M	-60M	-224M	-249M
Common & Preferred Stock Dividends Paid	-62M	-60M	-60M	-224M	-249M
Other Financing Activities, Total	-25M	-21M	-37M	-15M	-29M
Cash from Financing	30M	-286M	-57M	-828M	147M
Foreign Exchange Rate Adjustments	10M	-74M	10M	-10M	-1M
Net Change in Cash	-364M	64M	377M	-36M	-30M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	251M	384M	424M	776M	983M
Unlevered Free Cash Flow	275M	407M	445M	801M	1.06B
Change In Net Working Capital	77M	-115M	-105M	-407M	-701M
Net Debt Issued / Repaid	164M	-185M	81M	-587M	450M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.91	2.81	3.14	3.5	2.77
Return on Total Capital	18.76	11.74	12.59	13.94	10.24
Return On Equity %	-27.75	-24.44	-34.25	-56.28	-52.12
Return on Common Equity	-22.66	-19.64	-28.68	-46.2	-38.22
Margin Analysis
Gross Profit Margin %	42.04	40.34	42.14	41.46	41.19
SG&A Margin	0.06	-	-	-	-
EBITDA Margin %	38.22	35.49	37.78	37.04	28
EBITA Margin %	37.26	34.5	36.89	36.37	25.75
EBIT Margin %	32.17	28.88	31.33	30.97	23.5
Income From Continuing Operations Margin %	22.04	18.69	21.67	21.45	13.33
Net Income Margin %	19.87	16.73	19.77	19.86	11.55
Net Avail. For Common Margin %	19.87	16.73	19.77	19.86	11.55
Normalized Net Income Margin	19.25	16.92	18.99	18.88	13.75
Levered Free Cash Flow Margin	15.98	27.01	26.81	39.93	42.54
Unlevered Free Cash Flow Margin	17.49	28.59	28.11	41.22	46.06
Asset Turnover
Asset Turnover	0.19	0.16	0.16	0.18	0.19
Fixed Assets Turnover	14.21	8.98	10.41	12.42	14.58
Receivables Turnover (Average Receivables)	0.8	0.75	0.82	0.81	0.85
Inventory Turnover (Average Inventory)	30.85	22.64	20.58	21.68	21.57
Short Term Liquidity
Current Ratio	0.86	0.94	0.98	0.99	0.92
Quick Ratio	0.58	0.56	0.66	0.73	0.69
Operating Cash Flow to Current Liabilities	0.07	0.1	0.08	0.12	0.11
Days Sales Outstanding (Average Receivables)	458.92	490.74	445.24	449.02	430.54
Days Outstanding Inventory (Average Inventory)	11.83	16.17	17.73	16.84	16.92
Average Days Payable Outstanding	96.73	197.9	276.03	278.11	358.59
Cash Conversion Cycle (Average Days)	374.02	309.01	186.94	187.75	88.87
Long Term Solvency
Total Debt/Equity	-303.26	-299.03	-407.13	-545.02	-785.59
Total Debt / Total Capital	149.2	150.24	132.56	122.47	114.59
LT Debt/Equity	-245.45	-266.93	-361.68	-510.77	-679.26
Long-Term Debt / Total Capital	120.75	134.12	117.76	114.77	99.08
Total Liabilities / Total Assets	111.74	112.03	108.42	105.49	104.28
EBIT / Interest Expense