Cash flow EQT AB

Equities

EQT

SE0012853455

Investment Management & Fund Operators

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-09-19 pm EDT			5-day change	1st Jan Change
361.80 ^SEK	+2.64%		+11.60%	+26.95%

Sep. 19	Global markets live: Ocado, T-Mobile, Boeing, Lockheed Martin, Woolworths...
Sep. 19	EQT to Sell Network and Cybersecurity Provider Open Systems to Swiss Post	DJ

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Published financial data: EQT AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	574M	609M	1.09B	1.33B	1.97B
Interest And Invest. Income (Rev)	25.4M	99.8M	510M	169M	118M
Total Revenues	600M	709M	1.6B	1.5B	2.08B
Cost of Goods Sold, Total	230M	252M	365M	502M	705M
Gross Profit	369M	457M	1.23B	996M	1.38B
Depreciation & Amortization - (IS)	29.8M	35.1M	37.5M	43.8M	54.1M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	54.8M	154M	364M
Other Operating Expenses	161M	125M	159M	216M	246M
Other Operating Expenses, Total	191M	160M	251M	413M	664M
Operating Income	178M	297M	980M	582M	715M
Interest Expense, Total	-4M	-4.7M	-8M	-43.8M	-57.1M
Interest And Investment Income	900K	700K	600K	8.5M	37.5M
Net Interest Expenses	-3.1M	-4M	-7.4M	-35.3M	-19.6M
Currency Exchange Gains (Loss)	-2.1M	10.6M	11M	-6M	-10.5M
Other Non Operating Income (Expenses)	-400K	-400K	-3.5M	-4.3M	-5.4M
EBT, Excl. Unusual Items	173M	303M	980M	537M	680M
Merger & Related Restructuring Charges	-	-	-40.2M	-274M	-440M
Legal Settlements	-	7.8M	-	-	-
Other Unusual Items	-	-	-62M	-	-
EBT, Incl. Unusual Items	173M	311M	878M	263M	239M
Income Tax Expense	13.2M	28.3M	-30.8M	86.9M	100M
Earnings From Continuing Operations	160M	283M	909M	176M	139M
Earnings Of Discontinued Operations	-	96.5M	700K	100K	-9.3M
Net Income to Company	160M	379M	909M	176M	130M
Net Income - (IS)	160M	379M	909M	176M	130M
Net Income to Common Incl Extra Items	160M	379M	909M	176M	130M
Net Income to Common Excl. Extra Items	160M	283M	909M	176M	139M
Per Share Items
Net EPS - Basic	0.19	0.4	0.93	0.17	0.11
Basic EPS - Continuing Operations	0.19	0.3	0.93	0.17	0.12
Basic Weighted Average Shares Outstanding	851M	953M	979M	1.03B	1.19B
Net EPS - Diluted	0.19	0.4	0.93	0.17	0.11
Diluted EPS - Continuing Operations	0.19	0.3	0.93	0.17	0.12
Diluted Weighted Average Shares Outstanding	852M	954M	979M	1.03B	1.19B
Normalized Basic EPS	0.13	0.2	0.63	0.33	0.36
Normalized Diluted EPS	0.13	0.2	0.63	0.32	0.36
Dividend Per Share	0.21	0.24	0.27	0.27	0.32
Payout Ratio	18.98	51.88	25.72	165.06	229.72
Supplemental Items
EBITDA	193M	312M	1.05B	745M	1.09B
EBITA	186M	306M	1.04B	738M	1.08B
EBIT	178M	297M	980M	582M	715M
Total Revenues (As Reported)	600M	709M	1.6B	1.5B	2.08B
Effective Tax Rate - (Ratio)	7.64	9.1	-3.51	33.03	41.85
Total Current Taxes	18.3M	22M	74.1M	72.5M	116M
Total Deferred Taxes	-5.1M	6.3M	-105M	14.4M	-15.3M
Normalized Net Income	108M	190M	613M	336M	425M
Interest on Long-Term Debt	2.2M	2.4M	2.4M	2.8M	45.7M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	3.7M	3.1M	-	-	-
Stock-Based Comp., Other (Total)	11M	18.9M	-	27.8M	-
Total Stock-Based Compensation	11M	18.9M	-	27.8M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	908M	878M	588M	645M	1.11B
Total Cash And Short Term Investments	908M	878M	588M	645M	1.11B
Accounts Receivable, Total	159M	326M	519M	915M	896M
Other Receivables	79.1M	56.8M	77.3M	356M	303M
Total Receivables	238M	383M	596M	1.27B	1.2B
Prepaid Expenses	44.8M	28.5M	150M	885M	586M
Other Current Assets, Total	1.6M	2.1M	198M	-	-
Total Current Assets	1.19B	1.29B	1.53B	2.8B	2.9B
Gross Property Plant And Equipment	128M	131M	171M	201M	212M
Accumulated Depreciation	-15.3M	-18.6M	-23.4M	-30.4M	-40.5M
Net Property Plant And Equipment	112M	113M	147M	170M	172M
Long-term Investments	70.5M	167M	478M	709M	747M
Goodwill	14.7M	15.3M	836M	2.17B	2.13B
Other Intangibles, Total	19.1M	10.1M	718M	3.62B	3.15B
Deferred Tax Assets Long-Term	8.2M	1.1M	132M	110M	92.1M
Deferred Charges Long-Term	7.5M	3.3M	15.1M	15.2M	17.8M
Other Long-Term Assets, Total	3.2M	22M	34.1M	-100K	-
Total Assets	1.43B	1.62B	3.89B	9.6B	9.21B
Liabilities
Accounts Payable, Total	12.5M	5M	8M	15.8M	12.2M
Accrued Expenses, Total	163M	149M	219M	394M	446M
Short-term Borrowings	9.4M	-	-	-	-
Current Portion of Leases	14.4M	16M	22.5M	31.4M	34.3M
Current Income Taxes Payable	18.8M	25.5M	53.3M	40.4M	50.6M
Unearned Revenue Current, Total	9M	36.4M	19.2M	105M	74.2M
Other Current Liabilities	42.4M	53.8M	34.3M	94.8M	114M
Total Current Liabilities	269M	285M	357M	681M	732M
Long-Term Debt	-	-	496M	2.02B	2.02B
Long-Term Leases	75.9M	73.2M	95.4M	100M	91.2M
Deferred Tax Liability Non Current	2.1M	1.4M	700K	405M	361M
Other Non Current Liabilities	-	-	-	100K	100K
Total Liabilities	347M	360M	949M	3.2B	3.2B
Common Stock, Total	9.1M	9.1M	9.4M	11.2M	11.8M
Additional Paid In Capital	837M	837M	1.76B	5.59B	5.59B
Retained Earnings	242M	429M	1.12B	1.01B	848M
Comprehensive Income and Other	-6.6M	-12.7M	52.7M	-220M	-450M
Total Common Equity	1.08B	1.26B	2.94B	6.4B	6B
Total Equity	1.08B	1.26B	2.94B	6.4B	6B
Total Liabilities And Equity	1.43B	1.62B	3.89B	9.6B	9.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	953M	953M	987M	1.19B	1.18B
ECS Total Common Shares Outstanding	953M	953M	987M	1.19B	1.18B
Book Value / Share	1.14	1.32	2.98	5.39	5.07
Tangible Book Value	1.05B	1.24B	1.39B	602M	723M
Tangible Book Value Per Share	1.1	1.3	1.41	0.51	0.61
Total Debt	99.7M	89.2M	614M	2.15B	2.15B
Net Debt	-809M	-789M	26.1M	1.5B	1.03B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	11.6M	12.4M	13.2M	16.3M	18.3M
Full Time Employees	645	703	1.15K	1.77K	1.82K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	160M	379M	909M	176M	130M
Depreciation & Amortization - CF	18.6M	20.4M	23.6M	35.2M	45.8M
Amortization of Goodwill and Intangible Assets - (CF)	7.5M	9M	63.2M	155M	364M
Depreciation & Amortization, Total	26.1M	29.4M	86.8M	190M	410M
Amortization of Deferred Charges, Total - (CF)	3.7M	5.7M	5.5M	7.2M	8.3M
(Gain) Loss on Sale of Investments - (CF)	-	-16.1M	-72.8M	-5.9M	-22.5M
Asset Writedown & Restructuring Costs	-11.4M	-	-500K	-	-
Net Cash From Discontinued Operations	-	-18.7M	-	-	-
Other Operating Activities, Total	15.6M	-105M	3.5M	260M	523M
Change In Accounts Receivable	-32.4M	-131M	-430M	-96.6M	-122M
Change In Accounts Payable	82.5M	12.5M	106M	18.1M	17.6M
Cash from Operations	244M	157M	608M	549M	945M
Capital Expenditure	-17.1M	-8.3M	-11.5M	-30.8M	-23.1M
Cash Acquisitions	-	-	-632M	-1.46B	-
Sale (Purchase) of Intangible assets	-25.2M	-100K	-	-200K	-500K
Investment in Marketable and Equity Securities, Total	-25.4M	-107M	-236M	-60.4M	-39.7M
Other Investing Activities, Total	23M	136M	-16.6M	-700K	24.5M
Cash from Investing	-44.7M	20.6M	-895M	-1.55B	-38.8M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	496M	1.48B	-
Total Debt Issued	-	-	496M	1.48B	-
Short Term Debt Repaid, Total	-5.5M	-9.4M	-	-	-
Long-Term Debt Repaid, Total	-10.8M	-14.4M	-274M	-38.1M	-31.6M
Total Debt Repaid	-16.3M	-23.8M	-274M	-38.1M	-31.6M
Issuance of Common Stock	575M	-	-	-	500K
Repurchase of Common Stock	-93.1M	-	-	-	-38M
Common Dividends Paid	-30.3M	-197M	-234M	-291M	-298M
Common & Preferred Stock Dividends Paid	-30.3M	-197M	-234M	-291M	-298M
Other Financing Activities, Total	2.3M	4.7M	-8.2M	-9M	-47.7M
Cash from Financing	437M	-216M	-20.3M	1.14B	-415M
Foreign Exchange Rate Adjustments	7.9M	8.2M	17.2M	-89.6M	-21.7M
Miscellaneous Cash Flow Adjustments	-	-100K	-	100K	-
Net Change in Cash	644M	-30.6M	-290M	57.1M	469M
Supplemental Items
Cash Interest Paid	-	4.7M	8M	8.7M	47.7M
Cash Income Tax Paid (Refund)	10.3M	35.4M	46.3M	99.2M	105M
Levered Free Cash Flow	87M	124M	222M	-366M	1.22B
Unlevered Free Cash Flow	89.5M	127M	228M	-339M	1.26B
Change In Net Working Capital	20.5M	105M	466M	897M	-419M
Net Debt Issued / Repaid	-16.3M	-23.8M	222M	1.44B	-31.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.41	12.17	22.21	5.4	4.75
Return on Total Capital	14.17	14.66	24.96	6.02	5.35
Return On Equity %	22.59	24.12	43.21	3.77	2.24
Return on Common Equity	22.59	24.12	43.21	3.77	2.24
Margin Analysis
Gross Profit Margin %	61.58	64.5	77.16	66.51	66.16
EBITDA Margin %	32.13	43.98	65.75	49.78	52.35
EBITA Margin %	31	43.19	65.36	49.26	51.77
EBIT Margin %	29.75	41.92	61.4	38.9	34.31
Income From Continuing Operations Margin %	26.61	39.9	56.94	11.77	6.68
Net Income Margin %	26.61	53.52	56.98	11.77	6.23
Net Avail. For Common Margin %	26.61	39.9	56.94	11.77	6.68
Normalized Net Income Margin	18.01	26.75	38.38	22.41	20.38
Levered Free Cash Flow Margin	14.51	17.46	13.94	-24.44	58.76
Unlevered Free Cash Flow Margin	14.92	17.88	14.25	-22.61	60.47
Asset Turnover
Asset Turnover	0.61	0.46	0.58	0.22	0.22
Fixed Assets Turnover	7.08	6.3	12.28	9.42	12.19
Receivables Turnover (Average Receivables)	6.29	2.51	2.57	1.91	2.17
Short Term Liquidity
Current Ratio	4.43	4.53	4.29	4.11	3.96
Quick Ratio	4.26	4.42	3.32	2.81	3.16
Operating Cash Flow to Current Liabilities	0.91	0.55	1.71	0.81	1.29
Days Sales Outstanding (Average Receivables)	58.06	145.79	142.04	190.66	168.11
Average Days Payable Outstanding	20.44	12.73	6.51	8.66	7.24
Long Term Solvency
Total Debt/Equity	9.22	7.06	20.86	33.58	35.75
Total Debt / Total Capital	8.44	6.6	17.26	25.14	26.34
LT Debt/Equity	7.02	5.8	20.1	33.09	35.18
Long-Term Debt / Total Capital	6.42	5.41	16.63	24.77	25.91
Total Liabilities / Total Assets	24.29	22.18	24.38	33.36	34.8
EBIT / Interest Expense	44.6	63.21	122.5	13.3	12.52
EBITDA / Interest Expense	51.12	69.47	133.35	17.64	19.7
(EBITDA - Capex) / Interest Expense	46.85	67.7	131.91	16.94	19.3
Total Debt / EBITDA	0.49	0.27	0.58	2.78	1.91
Net Debt / EBITDA	-3.96	-2.42	0.02	1.95	0.92
Total Debt / (EBITDA - Capex)	0.53	0.28	0.58	2.9	1.95
Net Debt / (EBITDA - Capex)	-4.32	-2.48	0.02	2.03	0.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	52.52	25.68	125.2	-6.18	39.22
Gross Profit, 1 Yr. Growth %	52.54	31.5	169.39	-19.13	38.5
EBITDA, 1 Yr. Growth %	39.33	38.16	228.45	-28.98	46.42
EBITA, 1 Yr. Growth %	39.56	38.63	232.34	-29.3	46.33
EBIT, 1 Yr. Growth %	37.13	39.29	221.42	-40.56	22.76
Earnings From Cont. Operations, 1 Yr. Growth %	32.01	89.29	221.32	-80.61	-21
Net Income, 1 Yr. Growth %	32.01	137.66	139.76	-80.61	-26.32
Normalized Net Income, 1 Yr. Growth %	34.58	46.03	215.04	-45.22	26.58
Diluted EPS Before Extra, 1 Yr. Growth %	-3.96	69.53	212.79	-81.6	-31.48
Accounts Receivable, 1 Yr. Growth %	577.45	104.71	59.2	93.49	-2.07
Net Property, Plant and Equip., 1 Yr. Growth %	97.72	0.09	30.82	15.75	0.59
Total Assets, 1 Yr. Growth %	171.76	13.56	139.83	146.75	-4.11
Tangible Book Value, 1 Yr. Growth %	241.03	18.07	12.24	-56.67	20.19
Common Equity, 1 Yr. Growth %	226.73	16.73	133.04	117.44	-6.17
Cash From Operations, 1 Yr. Growth %	82.27	-35.74	288.38	-9.7	72.03
Capital Expenditures, 1 Yr. Growth %	533.33	-51.46	38.55	167.83	-25
Levered Free Cash Flow, 1 Yr. Growth %	77.55	13.73	102.78	-246.54	-411.08
Unlevered Free Cash Flow, 1 Yr. Growth %	77.89	13.81	101.93	-232.92	-444.06
Dividend Per Share, 1 Yr. Growth %	-	13.84	13.98	-1.1	20.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	35.65	34.25	68.23	45.35	14.28
Gross Profit, 2 Yr. CAGR %	37.02	37.41	88.22	47.6	5.83
EBITDA, 2 Yr. CAGR %	39.03	50.13	115.68	52.73	1.98
EBITA, 2 Yr. CAGR %	41	51.59	117.36	53.28	1.71
EBIT, 2 Yr. CAGR %