Income Statement Escorts Kubota Limited

Equities

ESCORTS

INE042A01014

Heavy Machinery & Vehicles

Market Closed - NSE India S.E. Other stock markets 07:43:57 2024-09-06 am EDT			5-day change	1st Jan Change
3,687.00 ^INR	-1.53%		-4.33%	+23.60%

Sep. 02	Escorts Kubota Logs Marginal Increase in August Tractor Sales	MT
Sep. 02	Escorts Kubota Limited Announces Sales Results for Agri Machinery Business Division and Construction Equipment Business Division for the Month of August 2024	CI

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Published financial data: ESCORTS KUBOTA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	58.1B	70.14B	72.38B	84.29B	88.5B
Total Revenues	58.1B	70.14B	72.38B	84.29B	88.5B
Cost of Goods Sold, Total	38.9B	46.86B	50.26B	61.81B	61.54B
Gross Profit	19.2B	23.29B	22.12B	22.48B	26.95B
Selling General & Admin Expenses, Total	6.18B	6.04B	6.06B	6.78B	7.1B
Depreciation & Amortization - (IS)	1.07B	1.18B	1.32B	1.5B	1.67B
Other Operating Expenses	6.35B	5.84B	6.4B	7.77B	8.08B
Other Operating Expenses, Total	13.61B	13.06B	13.78B	16.06B	16.85B
Operating Income	5.59B	10.23B	8.34B	6.42B	10.11B
Interest Expense, Total	-101M	-67M	-76.4M	-79.2M	-88.4M
Interest And Investment Income	471M	802M	906M	1.62B	2.2B
Net Interest Expenses	371M	735M	830M	1.54B	2.11B
Income (Loss) On Equity Invest.	-10.8M	-7.4M	-294M	-74.8M	164M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	14.4M	-20.3M	-19.7M	120M	-2.5M
EBT, Excl. Unusual Items	5.96B	10.93B	8.85B	8.01B	12.38B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	374M	587M	948M	881M	1.53B
Gain (Loss) On Sale Of Assets	13.9M	37.2M	138M	21.3M	103M
Asset Writedown	-4.6M	-8.3M	-12.4M	-35.3M	-
Other Unusual Items	-92.2M	-	-	-530M	-
EBT, Incl. Unusual Items	6.25B	11.55B	9.93B	8.35B	14.01B
Income Tax Expense	1.54B	2.83B	2.57B	1.98B	3.52B
Earnings From Continuing Operations	4.72B	8.72B	7.36B	6.37B	10.49B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	4.72B	8.72B	7.36B	6.37B	10.49B
Minority Interest	5.3M	-1.7M	8.6M	1.3M	300K
Net Income - (IS)	4.72B	8.71B	7.36B	6.37B	10.49B
Net Income to Common Incl Extra Items	4.72B	8.71B	7.36B	6.37B	10.49B
Net Income to Common Excl. Extra Items	4.72B	8.71B	7.36B	6.37B	10.49B
Per Share Items
Net EPS - Basic	55.04	92.15	74.06	58.85	96.8
Basic EPS - Continuing Operations	55.04	92.15	74.06	58.85	96.8
Basic Weighted Average Shares Outstanding	85.8M	94.57M	99.45M	108M	108M
Net EPS - Diluted	55.04	91.98	73.73	58.76	96.64
Diluted EPS - Continuing Operations	55.04	91.98	73.73	58.76	96.64
Diluted Weighted Average Shares Outstanding	85.8M	94.74M	99.88M	108M	109M
Normalized Basic EPS	43.49	72.23	55.73	46.27	71.39
Normalized Diluted EPS	43.49	72.1	55.49	46.2	71.27
Dividend Per Share	2.5	5	7	7	18
Payout Ratio	4.54	2.81	10.01	11.89	7.23
Supplemental Items
EBITDA	6.56B	11.29B	9.53B	7.78B	11.6B
EBITA	5.69B	10.29B	8.39B	6.47B	10.15B
EBIT	5.59B	10.23B	8.34B	6.42B	10.11B
EBITDAR	6.62B	11.35B	9.6B	7.84B	11.68B
Total Revenues (As Reported)	59.08B	71.75B	74.56B	87.1B	92.48B
Effective Tax Rate - (Ratio)	24.55	24.52	25.91	23.72	25.12
Total Current Taxes	1.74B	2.87B	2.43B	1.72B	3.03B
Total Deferred Taxes	-209M	-39.9M	144M	263M	493M
Normalized Net Income	3.73B	6.83B	5.54B	5.01B	7.74B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	30.3M	46.7M	49.6M	45.8M	44.9M
Non-Cash Pension Expense	33.5M	5M	13M	8.1M	8.1M
Supplemental Operating Expense Items
Advertising Expense	921M	514M	580M	650M	541M
Selling and Marketing Expenses	921M	514M	580M	650M	541M
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	1.31B	1.22B	1.35B	1.51B	1.56B
Net Rental Expense, Total	57.3M	57.3M	65M	57.5M	71.5M
Imputed Operating Lease Interest Expense	28.09M	56.73M	70.59M	66.69M	91.61M
Imputed Operating Lease Depreciation	29.21M	572K	-5.59M	-9.19M	-20.11M
Maintenance & Repair Expenses, Total	492M	410M	477M	580M	669M
Stock-Based Comp., SG&A Exp. (Total)	34M	164M	101M	57.6M	41.9M
Total Stock-Based Compensation	34M	164M	101M	57.6M	41.9M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.69B	1.06B	915M	1.82B	2.1B
Short Term Investments	23.2M	10.7B	22.15B	1.03B	9.79B
Trading Asset Securities, Total	6.51B	16.5B	23.77B	17.95B	18.98B
Total Cash And Short Term Investments	8.22B	28.26B	46.84B	20.8B	30.86B
Accounts Receivable, Total	7.32B	6.59B	7.95B	11.8B	11.73B
Other Receivables	235M	228M	204M	147M	141M
Notes Receivable	171M	105M	-	-	-
Total Receivables	7.72B	6.93B	8.15B	11.94B	11.87B
Inventory	8.83B	7.18B	8.47B	12.18B	12.18B
Prepaid Expenses	103M	83M	102M	102M	98.8M
Restricted Cash	14.6M	12.8M	102M	122M	19.8M
Other Current Assets, Total	4.07B	3.39B	4.51B	3.7B	3.68B
Total Current Assets	28.97B	45.85B	68.16B	48.84B	58.72B
Gross Property Plant And Equipment	27.27B	27.83B	29.25B	30.98B	32.16B
Accumulated Depreciation	-9.76B	-10.44B	-11.34B	-12.46B	-13.24B
Net Property Plant And Equipment	17.51B	17.39B	17.91B	18.52B	18.92B
Long-term Investments	1.46B	2.73B	2.48B	29.72B	31.23B
Other Intangibles, Total	530M	523M	553M	734M	754M
Accounts Receivable Long-Term	-	115M	105M	-	-
Loans Receivable Long-Term	136M	70.6M	-	-	-
Deferred Tax Assets Long-Term	14.4M	-	-	4.1M	13.6M
Other Long-Term Assets, Total	1.53B	2.1B	1.86B	3.04B	3.03B
Total Assets	50.15B	68.78B	91.08B	101B	113B
Liabilities
Accounts Payable, Total	12.93B	9.56B	7.15B	9.5B	12.08B
Accrued Expenses, Total	1.49B	3.96B	2.99B	4.5B	1.38B
Short-term Borrowings	165M	-	-	-	42M
Current Portion of Long-Term Debt	7.5M	8.2M	-	-	-
Current Portion of Leases	59.4M	104M	106M	124M	136M
Current Income Taxes Payable	1.1M	247M	226M	22.5M	728M
Unearned Revenue Current, Total	336M	404M	312M	243M	279M
Other Current Liabilities	2.76B	2.67B	2.77B	2.77B	4.08B
Total Current Liabilities	17.75B	16.95B	13.55B	17.16B	18.72B
Long-Term Debt	26.9M	17.2M	-	-	-
Long-Term Leases	218M	476M	414M	449M	353M
Unearned Revenue Non Current	116M	121M	85.2M	79.2M	66.6M
Pension & Other Post Retirement Benefits	52M	46.9M	44.4M	42M	40.1M
Deferred Tax Liability Non Current	307M	233M	373M	646M	1.15B
Other Non Current Liabilities	454M	684M	646M	648M	614M
Total Liabilities	18.93B	18.53B	15.12B	19.02B	20.95B
Common Stock, Total	1.23B	1.35B	1.32B	1.32B	1.1B
Additional Paid In Capital	4.57B	15.03B	32.99B	33.23B	31.62B
Retained Earnings	27.62B	35.99B	42.68B	48.3B	58.02B
Treasury Stock	-3.37B	-3.36B	-2.18B	-2.16B	-174M
Comprehensive Income and Other	1.12B	1.25B	1.2B	1.18B	1.19B
Total Common Equity	31.17B	50.26B	76B	81.87B	91.76B
Minority Interest	51M	-9.1M	-37.5M	-38.8M	-39.1M
Total Equity	31.22B	50.25B	75.96B	81.83B	91.72B
Total Liabilities And Equity	50.15B	68.78B	91.08B	101B	113B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	85.8M	98.24M	108M	110M	110M
ECS Total Common Shares Outstanding	85.8M	98.24M	108M	110M	110M
Book Value / Share	363.32	511.62	702.92	742.26	830.45
Tangible Book Value	30.64B	49.74B	75.45B	81.13B	91.01B
Tangible Book Value Per Share	357.14	506.29	697.81	735.61	823.62
Total Debt	477M	606M	520M	573M	531M
Net Debt	-7.74B	-27.65B	-46.32B	-20.23B	-30.33B
Debt Equivalent of Unfunded Proj. Benefit Obligation	478M	188M	114M	111M	184M
Debt Equivalent Oper. Leases	458M	458M	520M	460M	572M
Minority Interest, Total (Incl. Fin. Div)	51M	-9.1M	-37.5M	-38.8M	-39.1M
Equity Method Investments, Total	1.45B	2.6B	2.47B	1.87B	2.03B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.65B	3.34B	3.97B	6.03B	5.21B
Inventories - Work In Process, Total	470M	451M	414M	617M	594M
Inventories - Finished Goods, Total	4.47B	3.19B	3.9B	5.34B	6.16B
Inventories - Others	246M	193M	176M	192M	208M
Land - (BS)	10.49B	10.41B	10.41B	10.46B	10.66B
Buildings, Total	4.03B	3.97B	4.24B	4.37B	4.43B
Machinery, Total	11.31B	12.49B	13.49B	14.66B	15.11B
Full Time Employees	3.92K	3.76K	3.82K	3.92K	3.9K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	631M	671M	785M	382M	600M
Order Backlog	5.1B	3.4B	4.4B	10.5B	9.5B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	4.72B	8.71B	7.36B	6.37B	10.49B
Depreciation & Amortization - CF	926M	1.08B	1.22B	1.4B	1.55B
Amortization of Goodwill and Intangible Assets - (CF)	104M	61.4M	56.2M	43.7M	48.2M
Depreciation & Amortization, Total	1.03B	1.14B	1.27B	1.44B	1.6B
Amortization of Deferred Charges, Total - (CF)	42.3M	44.2M	46.3M	57.7M	68.7M
(Gain) Loss From Sale Of Asset	-13.9M	-37.2M	-134M	-12M	-95.9M
(Gain) Loss on Sale of Investments - (CF)	-374M	-587M	-948M	-351M	-1.53B
Asset Writedown & Restructuring Costs	36.1M	800K	-	15.1M	-
(Income) Loss On Equity Investments - (CF)	10.8M	7.4M	294M	74.8M	-164M
Stock-Based Compensation (CF)	34M	164M	101M	57.6M	41.9M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-789M	-881M	-1.15B	-1.31B	-604M
Change In Accounts Receivable	1.9B	560M	-1.5B	-3.98B	-201M
Change In Inventories	-259M	1.65B	-1.28B	-3.71B	-4.2M
Change In Accounts Payable	781M	-348M	-2.46B	3.69B	811M
Change in Other Net Operating Assets	853M	884M	-1.28B	-94.9M	-93.9M
Cash from Operations	7.97B	11.31B	323M	2.24B	10.32B
Capital Expenditure	-1.82B	-1.16B	-1.73B	-1.9B	-1.76B
Sale of Property, Plant, and Equipment	52.7M	74.3M	340M	55.5M	156M
Divestitures	-	-	69.2M	100K	-
Sale (Purchase) of Real Estate properties	-	-111M	-140M	-200K	-
Sale (Purchase) of Intangible assets	-132M	-98.7M	-132M	-284M	-135M
Investment in Marketable and Equity Securities, Total	-2.66B	-21.04B	-17.98B	1.49B	-7.71B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	351M	401M	1.01B	20.4M	178M
Cash from Investing	-4.21B	-21.94B	-18.57B	-618M	-9.28B
Short Term Debt Issued, Total	-	-	-	-	42M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	42M
Short Term Debt Repaid, Total	-2.53B	-161M	-8.2M	-	-
Long-Term Debt Repaid, Total	-114M	-59.9M	-78.4M	-70.5M	-84.1M
Total Debt Repaid	-2.64B	-221M	-86.6M	-70.5M	-84.1M
Issuance of Common Stock	-	10.58B	19.02B	206M	135M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-214M	-245M	-737M	-757M	-758M
Common & Preferred Stock Dividends Paid	-214M	-245M	-737M	-757M	-758M
Other Financing Activities, Total	-146M	-76.3M	-98M	-90.5M	-101M
Cash from Financing	-3B	10.03B	18.1B	-712M	-767M
Foreign Exchange Rate Adjustments	3.7M	-2.6M	3M	-2.8M	-200K
Miscellaneous Cash Flow Adjustments	-	-39.4M	-	-	-
Net Change in Cash	758M	-632M	-142M	906M	276M
Supplemental Items
Cash Interest Paid	100M	76.3M	98M	90.5M	101M
Cash Income Tax Paid (Refund)	1.79B	2.53B	2.55B	1.86B	2.34B
Levered Free Cash Flow	5.48B	8.91B	-1.91B	113M	7.77B
Unlevered Free Cash Flow	5.54B	8.95B	-1.86B	162M