Cash flow Embracer Group AB

Equities

EMBRAC B

SE0016828511

Software

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Aug. 15	Tomb Raider owner Embracer's quarterly profit plunges on fewer games releases	RE
Aug. 15	Transcript : Embracer Group AB, Q1 2025 Earnings Call, Aug 15, 2024

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Published financial data: EMBRACER GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	6B	10.32B	19.33B	37.66B	42.21B
Other Revenues, Total	51.8M	85.3M	136M	37M	138M
Total Revenues	6.05B	10.4B	19.47B	37.7B	42.34B
Cost of Goods Sold, Total	2.58B	3.62B	4.7B	9.98B	11.42B
Gross Profit	3.48B	6.78B	14.77B	27.72B	30.92B
Selling General & Admin Expenses, Total	1.91B	3.16B	9.29B	21.15B	23.24B
Depreciation & Amortization - (IS)	1.48B	3.51B	9.83B	6.26B	18.47B
Other Operating Expenses	-196M	-145M	-143M	-173M	-276M
Other Operating Expenses, Total	3.19B	6.52B	18.99B	27.24B	41.43B
Operating Income	284M	259M	-4.22B	483M	-10.5B
Interest Expense, Total	-30.9M	-76.3M	-425M	-969M	-1.7B
Interest And Investment Income	94.3M	3.2M	3.2M	51M	57M
Net Interest Expenses	63.4M	-73.1M	-422M	-918M	-1.64B
Income (Loss) On Equity Invest.	3.2M	206M	463M	213M	-2M
Currency Exchange Gains (Loss)	35.8M	231M	410M	853M	419M
Other Non Operating Income (Expenses)	16.3M	53.4M	-42M	1.16B	1.02B
EBT, Excl. Unusual Items	402M	677M	-3.81B	1.79B	-10.71B
Merger & Related Restructuring Charges	-	-	-	-291M	-8M
Gain (Loss) On Sale Of Investments	-	-	-1.2M	-	-
Gain (Loss) On Sale Of Assets	-	1.9M	4.8M	18M	-6.81B
Asset Writedown	-	-	-16.4M	-264M	-3.27B
Insurance Settlements	6.4M	1M	700K	-	2M
Other Unusual Items	-	-	-	3.76B	2.06B
EBT, Incl. Unusual Items	409M	680M	-3.82B	5.02B	-18.74B
Income Tax Expense	126M	393M	470M	553M	-558M
Earnings From Continuing Operations	283M	287M	-4.29B	4.46B	-18.18B
Net Income to Company	283M	287M	-4.29B	4.46B	-18.18B
Minority Interest	1.6M	-300K	15.2M	-8M	1M
Net Income - (IS)	285M	287M	-4.28B	4.45B	-18.18B
Net Income to Common Incl Extra Items	285M	287M	-4.28B	4.45B	-18.18B
Net Income to Common Excl. Extra Items	285M	287M	-4.28B	4.45B	-18.18B
Per Share Items
Net EPS - Basic	0.46	0.36	-4.15	4.17	-15.27
Basic EPS - Continuing Operations	0.46	0.36	-4.15	4.17	-15.27
Basic Weighted Average Shares Outstanding	623M	796M	1.03B	1.07B	1.19B
Net EPS - Diluted	0.46	0.36	-4.15	4.12	-15.28
Diluted EPS - Continuing Operations	0.46	0.36	-4.15	4.12	-15.28
Diluted Weighted Average Shares Outstanding	623M	796M	1.03B	1.08B	1.19B
Normalized Basic EPS	0.41	0.53	-2.3	1.04	-5.62
Normalized Diluted EPS	0.41	0.53	-2.3	1.03	-5.62
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	1.03B	2.76B	4.43B	6.04B	-4.05B
EBITA	1B	2.72B	4.33B	5.77B	-4.36B
EBIT	284M	259M	-4.22B	483M	-10.5B
EBITDAR	1.1B	2.88B	4.57B	6.06B	-4.01B
Total Revenues (As Reported)	6.31B	10.6B	19.66B	38.07B	42.78B
Effective Tax Rate - (Ratio)	30.7	57.75	-12.31	11.03	2.98
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	141M	364M	603M	901M	829M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-15.2M	28.4M	-132M	-348M	-1.39B
Normalized Net Income	253M	423M	-2.37B	1.11B	-6.69B
Interest on Long-Term Debt	-	-	-	49M	57M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	554M	815M	1.04B	2.38B	3.07B
Net Rental Expense, Total	65.2M	119M	140M	17M	36M
Imputed Operating Lease Interest Expense	13.64M	49.44M	43.86M	6.13M	22.76M
Imputed Operating Lease Depreciation	51.56M	69.66M	96.64M	10.87M	13.24M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.32B	14.1B	5.81B	4.66B	3.34B
Short Term Investments	193M	196M	-	-	-
Total Cash And Short Term Investments	2.51B	14.3B	5.81B	4.66B	3.34B
Accounts Receivable, Total	959M	1.08B	3.75B	6.04B	4.97B
Other Receivables	460M	773M	1.63B	1.48B	3.79B
Total Receivables	1.42B	1.85B	5.38B	7.53B	8.76B
Inventory	353M	243M	3.16B	4.08B	3.22B
Prepaid Expenses	36.9M	147M	328M	710M	457M
Other Current Assets, Total	11.6M	15M	232M	18M	6.91B
Total Current Assets	4.33B	16.55B	14.91B	17B	22.69B
Gross Property Plant And Equipment	-	-	1.42B	3.09B	2.62B
Accumulated Depreciation	-	-	-696M	-521M	-393M
Net Property Plant And Equipment	184M	238M	727M	2.57B	2.23B
Long-term Investments	65.3M	257M	173M	253M	254M
Goodwill	1.41B	10.8B	46.07B	48.52B	31.21B
Other Intangibles, Total	4.46B	5.59B	30B	45.58B	37.04B
Deferred Tax Assets Long-Term	166M	269M	1.31B	1.78B	1.78B
Other Long-Term Assets, Total	20.3M	45.8M	257M	369M	502M
Total Assets	10.64B	33.75B	93.45B	116B	95.7B
Liabilities
Accounts Payable, Total	845M	809M	3.67B	2.81B	2.2B
Accrued Expenses, Total	100M	677M	1.25B	3.48B	3.09B
Short-term Borrowings	145M	27.4M	149M	17M	35M
Current Portion of Long-Term Debt	1.1B	1.2B	12.81B	683M	8.95B
Current Portion of Leases	-	-	-	444M	381M
Current Income Taxes Payable	85.4M	201M	602M	638M	499M
Unearned Revenue Current, Total	314M	373M	1.17B	2.01B	1.51B
Other Current Liabilities	193M	233M	1.93B	4.06B	4.22B
Total Current Liabilities	2.78B	3.52B	21.57B	14.15B	20.88B
Long-Term Debt	222M	246M	7.35B	19.56B	10.8B
Long-Term Leases	-	-	-	1.04B	1.02B
Pension & Other Post Retirement Benefits	24.8M	17.1M	19.6M	10M	13M
Deferred Tax Liability Non Current	415M	532M	5.8B	7.96B	5.88B
Other Non Current Liabilities	801M	2.27B	13.9B	8.62B	4.62B
Total Liabilities	4.24B	6.59B	48.64B	51.35B	43.21B
Common Stock, Total	900K	1.3M	1.6M	2M	2M
Additional Paid In Capital	5.3B	26.76B	47.3B	55.89B	60.93B
Retained Earnings	1.07B	387M	-2.71B	3.84B	-14.34B
Comprehensive Income and Other	-	-	-	4.94B	5.83B
Total Common Equity	6.37B	27.15B	44.59B	64.67B	52.42B
Minority Interest	25.1M	12.8M	222M	53M	64M
Total Equity	6.4B	27.17B	44.81B	64.72B	52.48B
Total Liabilities And Equity	10.64B	33.75B	93.45B	116B	95.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	624M	1B	1.18B	1.26B	1.34B
ECS Total Common Shares Outstanding	624M	922M	1.13B	1.26B	1.34B
Book Value / Share	10.21	29.46	39.41	51.35	39.13
Tangible Book Value	499M	10.76B	-31.48B	-29.44B	-15.83B
Tangible Book Value Per Share	0.8	11.68	-27.82	-23.38	-11.82
Total Debt	1.46B	1.48B	20.31B	21.75B	21.18B
Net Debt	-1.05B	-12.82B	14.5B	17.09B	17.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	24.8M	17.1M	19.6M	10M	13M
Debt Equivalent Oper. Leases	522M	953M	1.12B	136M	288M
Minority Interest, Total (Incl. Fin. Div)	25.1M	12.8M	222M	53M	64M
Equity Method Investments, Total	55.4M	173M	130M	253M	254M
Account Code - Inventory Valuation	3	-	3	6	6
Inventories - Raw Materials, Total	1.1M	1.2M	8.9M	19M	16M
Inventories - Work In Process, Total	-	-	-	-	157M
Inventories - Finished Goods, Total	352M	217M	2.77B	3.98B	3.04B
Inventories - Others	-	25M	387M	80M	-
Film Contract & Broadcasting Rights - Long-Term, Total	572M	680M	863M	1.35B	1.73B
Land - (BS)	-	-	160M	286M	274M
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	964M	950M	638M
Full Time Employees	4K	7.89K	12.76K	16.6K	11K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	137M	152M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	285M	287M	-4.28B	4.45B	-18.18B
Depreciation & Amortization - CF	29.3M	41.3M	100M	742M	847M
Amortization of Goodwill and Intangible Assets - (CF)	719M	2.46B	8.54B	5.29B	6.15B
Depreciation & Amortization, Total	749M	2.51B	8.64B	6.03B	7B
Amortization of Deferred Charges, Total - (CF)	727M	1B	1.19B	230M	335M
(Gain) Loss From Sale Of Asset	-2.3M	-	8.5M	22M	-31M
Asset Writedown & Restructuring Costs	-	-	16.4M	264M	3.27B
(Income) Loss On Equity Investments - (CF)	-	-206M	-380M	-213M	2M
Other Operating Activities, Total	-154M	177M	153M	-3.24B	15.11B
Change In Accounts Receivable	138M	-195M	-934M	-361M	-307M
Change In Inventories	6.8M	83.1M	-150M	-801M	618M
Change in Other Net Operating Assets	-20.1M	245M	8.1M	-1B	74M
Cash from Operations	1.73B	3.9B	4.28B	5.38B	7.89B
Capital Expenditure	-42.4M	-70.9M	-344M	-500M	-317M
Sale of Property, Plant, and Equipment	-	1.3M	3.5M	3M	6M
Cash Acquisitions	-906M	-4.59B	-33.77B	-8.94B	-2.26B
Sale (Purchase) of Intangible assets	-1.65B	-2.14B	-3.71B	-6B	-7.01B
Investment in Marketable and Equity Securities, Total	-27.2M	-9.3M	-15.4M	-62M	-373M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-5.5M	-	-56.4M	-	-
Other Investing Activities, Total	-	-	-	1M	-
Cash from Investing	-2.63B	-6.8B	-37.89B	-15.49B	-9.95B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	471M	185M	18.86B	6.12B	2.11B
Total Debt Issued	471M	185M	18.86B	6.12B	2.11B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-155M	-16.7M	-7.94B	-3.24B
Total Debt Repaid	-	-155M	-16.7M	-7.94B	-3.24B
Issuance of Common Stock	-	14.99B	6.31B	10.34B	2B
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	2.7M	-293M	-130M	-9M	-42M
Cash from Financing	473M	14.73B	25.02B	8.5B	832M
Foreign Exchange Rate Adjustments	13.6M	-29.9M	98.6M	457M	80M
Miscellaneous Cash Flow Adjustments	-	400K	-	-	-1M
Net Change in Cash	-419M	11.79B	-8.49B	-1.15B	-1.16B
Supplemental Items
Cash Interest Paid	30.9M	33.3M	20.1M	-	-
Cash Income Tax Paid (Refund)	152M	259M	542M	902M	977M
Levered Free Cash Flow	-55.4M	1.74B	2.22B	73.25M	-16.12B
Unlevered Free Cash Flow	-36.09M	1.79B	2.49B	679M	-15.06B
Change In Net Working Capital	-6.5M	-324M	655M	-615M	8.5B
Net Debt Issued / Repaid	471M	29.9M	18.84B	-1.82B	-1.13B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.84	0.73	-4.14	0.29	-6.2
Return on Total Capital	2.45	0.89	-5.62	0.4	-8.2
Return On Equity %	4.68	1.71	-11.92	8.35	-31.02
Return on Common Equity	4.72	1.71	-11.92	8.36	-31.05
Margin Analysis
Gross Profit Margin %	57.45	65.21	75.87	73.53	73.03
SG&A Margin	31.62	30.38	47.75	56.11	54.87
EBITDA Margin %	17.05	26.58	22.73	16.03	-9.56
EBITA Margin %	16.57	26.18	22.22	15.3	-10.28
EBIT Margin %	4.69	2.49	-21.66	1.28	-24.81
Income From Continuing Operations Margin %	4.68	2.76	-22.04	11.83	-42.93
Net Income Margin %	4.71	2.76	-21.97	11.81	-42.93
Net Avail. For Common Margin %	4.71	2.76	-21.97	11.81	-42.93
Normalized Net Income Margin	4.18	4.07	-12.15	2.95	-15.81
Levered Free Cash Flow Margin	-0.92	16.74	11.41	0.19	-38.07
Unlevered Free Cash Flow Margin	-0.6	17.2	12.78	1.8	-35.57
Asset Turnover
Asset Turnover	0.63	0.47	0.31	0.36	0.4
Fixed Assets Turnover	35.6	49.26	40.37	17.32	17.64
Receivables Turnover (Average Receivables)	6.31	10.14	8.01	7.09	7.66
Inventory Turnover (Average Inventory)