Cash flow EVA Airways Corp.

Equities

2618

TW0002618006

Airlines

End-of-day quote Taiwan S.E. Other stock markets 2025-01-22			5-day change	1st Jan Change
47.70 ^TWD	+1.71%		+0.10%	+7.55%

Dec. 11	UATP Partners with EVA Air to Expand its Issuer Network	CI
Nov. 13	EVA Airways Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

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Published financial data: EVA AIRWAYS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	181B	89.05B	104B	138B	200B
Total Revenues	181B	89.05B	104B	138B	200B
Cost of Goods Sold, Total	158B	80.49B	84.55B	118B	157B
Gross Profit	22.83B	8.56B	19.32B	19.71B	43.28B
Selling General & Admin Expenses, Total	11.95B	8.01B	7.66B	8.68B	12.59B
Depreciation & Amortization - (IS)	1.14B	1.09B	1.06B	1.01B	933M
Amortization of Goodwill and Intangible Assets - (IS)	295M	283M	243M	214M	189M
Other Operating Expenses, Total	13.38B	9.38B	8.97B	9.91B	13.71B
Operating Income	9.44B	-827M	10.36B	9.8B	29.57B
Interest Expense, Total	-5.4B	-5.03B	-4B	-3.79B	-3.47B
Interest And Investment Income	984M	422M	299M	1.11B	2.41B
Net Interest Expenses	-4.41B	-4.61B	-3.7B	-2.69B	-1.06B
Income (Loss) On Equity Invest.	135M	173M	80.78M	206M	346M
Currency Exchange Gains (Loss)	-469M	721M	791M	1.67B	-251M
Other Non Operating Income (Expenses)	232M	43.09M	285M	284M	248M
EBT, Excl. Unusual Items	4.93B	-4.5B	7.81B	9.27B	28.84B
Gain (Loss) On Sale Of Investments	-	-	-	76.93M	-
Gain (Loss) On Sale Of Assets	1.13B	177M	-11.02M	126M	-4.88M
EBT, Incl. Unusual Items	6.06B	-4.32B	7.8B	9.47B	28.84B
Income Tax Expense	1.21B	-1.04B	1.12B	1.64B	5.74B
Earnings From Continuing Operations	4.85B	-3.28B	6.68B	7.82B	23.1B
Net Income to Company	4.85B	-3.28B	6.68B	7.82B	23.1B
Minority Interest	-869M	-84.92M	-71.76M	-732M	-1.51B
Net Income - (IS)	3.98B	-3.36B	6.61B	7.09B	21.59B
Net Income to Common Incl Extra Items	3.98B	-3.36B	6.61B	7.09B	21.59B
Net Income to Common Excl. Extra Items	3.98B	-3.36B	6.61B	7.09B	21.59B
Per Share Items
Net EPS - Basic	0.83	-0.69	1.31	1.34	4.01
Basic EPS - Continuing Operations	0.83	-0.69	1.31	1.34	4.01
Basic Weighted Average Shares Outstanding	4.83B	4.85B	5.05B	5.31B	5.38B
Net EPS - Diluted	0.76	-0.69	1.29	1.32	3.99
Diluted EPS - Continuing Operations	0.76	-0.69	1.29	1.32	3.99
Diluted Weighted Average Shares Outstanding	5.33B	4.85B	5.13B	5.36B	5.42B
Normalized Basic EPS	0.46	-0.6	0.95	0.95	3.07
Normalized Diluted EPS	0.41	-0.6	0.94	0.94	3.05
Dividend Per Share	0.25	-	0.59	0.8	1.8
Payout Ratio	58.85	-36.1	-	44.61	19.87
Supplemental Items
EBITDA	20.65B	11.15B	22.55B	39.08B	42.5B
EBITA	9.58B	-693M	10.49B	9.91B	29.67B
EBIT	9.44B	-827M	10.36B	9.8B	29.57B
EBITDAR	20.87B	11.32B	22.69B	39.24B	42.69B
Effective Tax Rate - (Ratio)	19.91	24.13	14.38	17.37	19.89
Total Current Taxes	1.69B	-24.04M	195M	2.32B	5.34B
Total Deferred Taxes	-488M	-1.02B	927M	-671M	397M
Normalized Net Income	2.21B	-2.89B	4.81B	5.06B	16.52B
Interest Capitalized	143M	126M	125M	167M	228M
Interest on Long-Term Debt	3.58B	3.33B	2.35B	1.95B	1.71B
Non-Cash Pension Expense	55.24M	44.98M	20.84M	18.73M	13.49M
Supplemental Operating Expense Items
General and Administrative Expenses	55.52M	33.57M	39M	48.22M	64.73M
Research And Development Expense From Footnotes	-	-	-	-	4.23M
Net Rental Expense, Total	218M	172M	140M	158M	192M
Imputed Operating Lease Interest Expense	63.99M	34.43M	23.39M	29.63M	42.25M
Imputed Operating Lease Depreciation	154M	138M	117M	128M	150M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	82.91M
Total Stock-Based Compensation	-	-	-	-	82.91M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	51.53B	40.87B	48.26B	67.41B	66.81B
Short Term Investments	-	807M	615M	1.12B	1.33B
Trading Asset Securities, Total	961M	1.98B	1.67B	731M	709M
Total Cash And Short Term Investments	52.5B	43.65B	50.54B	69.26B	68.85B
Accounts Receivable, Total	19.06B	7.13B	10.5B	10.84B	12.31B
Other Receivables	433M	410M	443M	534M	707M
Total Receivables	19.49B	7.54B	10.95B	11.38B	13.01B
Inventory	3.35B	3.26B	3.25B	3.68B	4.1B
Prepaid Expenses	349M	465M	289M	282M	424M
Other Current Assets, Total	1.51B	1.02B	155M	133M	204M
Total Current Assets	77.2B	55.93B	65.18B	84.73B	86.59B
Gross Property Plant And Equipment	341B	355B	370B	370B	401B
Accumulated Depreciation	-85.46B	-111B	-138B	-164B	-188B
Net Property Plant And Equipment	256B	244B	232B	206B	213B
Long-term Investments	4.7B	5.19B	6.39B	4.37B	4.99B
Other Intangibles, Total	1.98B	1.7B	1.41B	1.2B	1.04B
Deferred Tax Assets Long-Term	4.7B	5.78B	4.91B	5.08B	6.99B
Other Long-Term Assets, Total	12.08B	17B	15.48B	18.4B	17.51B
Total Assets	356B	330B	325B	320B	330B
Liabilities
Accounts Payable, Total	9.73B	3.01B	4.85B	8.53B	10.22B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	150M	80M	-	300M	220M
Current Portion of Long-Term Debt	24.87B	19.15B	14.11B	13.96B	8.23B
Current Portion of Leases	11.93B	11.93B	12.01B	13.39B	11.98B
Current Income Taxes Payable	910M	710M	962M	2.27B	5.39B
Unearned Revenue Current, Total	19.96B	4.65B	5.1B	21.13B	28.91B
Other Current Liabilities	14.89B	5.91B	9.6B	18.06B	21.33B
Total Current Liabilities	82.44B	45.43B	46.64B	77.62B	86.28B
Long-Term Debt	74.87B	95.78B	92.62B	62.06B	40.23B
Long-Term Leases	91.6B	81.53B	67.54B	61.54B	57.03B
Unearned Revenue Non Current	3.22B	2.52B	1.05B	1.43B	3.47B
Pension & Other Post Retirement Benefits	4.91B	3.58B	3.18B	1.23B	1.3B
Deferred Tax Liability Non Current	639M	1.62B	1.91B	79.5M	2.35B
Other Non Current Liabilities	20.44B	22.45B	19.66B	19.33B	22.51B
Total Liabilities	278B	253B	233B	223B	213B
Common Stock, Total	48.54B	48.54B	51.39B	53.58B	54B
Additional Paid In Capital	7.85B	7.99B	10.68B	12.91B	13.86B
Retained Earnings	12.12B	7.83B	14.5B	20.61B	37.59B
Comprehensive Income and Other	2.75B	6.45B	9.09B	832M	1.53B
Total Common Equity	71.25B	70.8B	85.66B	87.94B	107B
Minority Interest	6.89B	5.86B	7.05B	8.3B	10.04B
Total Equity	78.14B	76.66B	92.71B	96.24B	117B
Total Liabilities And Equity	356B	330B	325B	320B	330B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.85B	4.85B	5.14B	5.36B	5.4B
ECS Total Common Shares Outstanding	4.85B	4.85B	5.14B	5.36B	5.4B
Book Value / Share	14.68	14.59	16.67	16.41	19.81
Tangible Book Value	69.27B	69.1B	84.25B	86.73B	106B
Tangible Book Value Per Share	14.27	14.24	16.4	16.19	19.62
Total Debt	203B	208B	186B	151B	118B
Net Debt	151B	165B	136B	81.99B	48.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.91B	3.58B	3.18B	1.06B	1.18B
Debt Equivalent Oper. Leases	1.74B	1.38B	1.12B	1.26B	1.54B
Minority Interest, Total (Incl. Fin. Div)	6.89B	5.86B	7.05B	8.3B	10.04B
Equity Method Investments, Total	2.06B	2.15B	2.21B	2.47B	2.63B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.79B	2.8B	2.54B	2.74B	3.03B
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	563M	454M	707M	934M	1.07B
Land - (BS)	5.44B	5.39B	5.04B	4.99B	5B
Buildings, Total	23.07B	23.55B	23.57B	23.61B	23.66B
Machinery, Total	172B	177B	191B	190B	213B
Full Time Employees	19.68K	-	-	-	-
Assets under Capital Lease - Gross	1.73B	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-987M	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	242M	215M	141M	42.8M	118M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.98B	-3.36B	6.61B	7.09B	21.59B
Depreciation & Amortization - CF	26.67B	27.36B	28.04B	29.17B	29.26B
Amortization of Goodwill and Intangible Assets - (CF)	134M	134M	134M	115M	101M
Depreciation & Amortization, Total	26.81B	27.49B	28.18B	29.28B	29.36B
Amortization of Deferred Charges, Total - (CF)	309M	294M	248M	216M	193M
(Gain) Loss From Sale Of Asset	-1.13B	-177M	11.02M	-126M	4.88M
(Gain) Loss on Sale of Investments - (CF)	-7.77M	-22.74M	-43.35M	-86.55M	-7.98M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-135M	-173M	-80.78M	-206M	-346M
Stock-Based Compensation (CF)	-	-	-	-	82.91M
Provision and Write-off of Bad Debts	21.01M	-25.34M	-55.03M	-90.54M	80.54M
Other Operating Activities, Total	4.29B	1.8B	2.66B	5.21B	6.06B
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	756M	10.94B	-3.33B	65.58M	-847M
Change In Inventories	1.49B	66.05M	-75.39M	-428M	-437M
Change In Accounts Payable	-655M	-6.71B	1.84B	3.68B	1.69B
Change in Unearned Revenues	1.95B	-16.01B	-1.01B	16.4B	9.83B
Change in Other Net Operating Assets	-522M	-8.73B	18.71M	2.15B	940M
Cash from Operations	37.15B	5.37B	34.97B	63.15B	68.2B
Capital Expenditure	-23.96B	-11.95B	-12.83B	-3.6B	-23B
Sale of Property, Plant, and Equipment	3.16B	1.1B	109M	885M	51M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-109M	-54.39M	-
Sale (Purchase) of Intangible assets	-295M	-151M	-90.41M	-126M	-196M
Investment in Marketable and Equity Securities, Total	-2.25B	-1.82B	661M	2.49B	-187M
Other Investing Activities, Total	1.25B	558M	468M	1.37B	1.5B
Cash from Investing	-22.09B	-12.26B	-11.79B	958M	-21.83B
Short Term Debt Issued, Total	1.23B	1.93B	50M	300M	702M
Long-Term Debt Issued, Total	27.58B	47.48B	18.13B	13.38B	10.71B
Total Debt Issued	28.81B	49.41B	18.18B	13.68B	11.41B
Short Term Debt Repaid, Total	-1.08B	-2B	-130M	-	-782M
Long-Term Debt Repaid, Total	-35.86B	-44.48B	-33.57B	-53.69B	-51.3B
Total Debt Repaid	-36.94B	-46.48B	-33.7B	-53.69B	-52.08B
Issuance of Common Stock	3.72B	-	-	-	-
Common Dividends Paid	-2.34B	-1.21B	-	-3.16B	-4.29B
Common & Preferred Stock Dividends Paid	-2.34B	-1.21B	-	-3.16B	-4.29B
Other Financing Activities, Total	-5.04B	-5.48B	-272M	-1.81B	-2.02B
Cash from Financing	-11.8B	-3.76B	-15.8B	-44.98B	-46.98B
Foreign Exchange Rate Adjustments	-7.77M	-12.61M	-3.04M	24.59M	2.71M
Net Change in Cash	3.26B	-10.67B	7.39B	19.15B	-606M
Supplemental Items
Cash Interest Paid	4.65B	4.25B	3.25B	3.07B	2.91B
Cash Income Tax Paid (Refund)	1.71B	421M	397M	891M	2.22B
Levered Free Cash Flow	8.76B	-6.76B	23.36B	58.15B	36.36B
Unlevered Free Cash Flow	12.14B	-3.62B	25.86B	60.53B	38.52B
Change In Net Working Capital	-3.37B	18.79B	-3.88B	-28.63B	-13.6B
Net Debt Issued / Repaid	-8.13B	2.93B	-15.52B	-40B	-40.67B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.98	-0.15	1.98	1.9	5.69
Return on Total Capital	2.62	-0.18	2.3	2.33	7.66
Return On Equity %	6.54	-4.23	7.89	8.28	21.67
Return on Common Equity	5.91	-4.73	8.45	8.17	22.16
Margin Analysis
Gross Profit Margin %	12.59	9.61	18.6	14.28	21.6
SG&A Margin	6.59	9	7.38	6.29	6.28
EBITDA Margin %	11.39	12.52	21.71	28.3	21.21
EBITA Margin %	5.28	-0.78	10.1	7.18	14.81
EBIT Margin %	5.21	-0.93	9.97	7.1	14.76
Income From Continuing Operations Margin %	2.68	-3.68	6.43	5.67	11.53
Net Income Margin %	2.2	-3.78	6.36	5.14	10.78
Net Avail. For Common Margin %	2.2	-3.78	6.36	5.14	10.78
Normalized Net Income Margin	1.22	-3.25	4.63	3.66	8.24
Levered Free Cash Flow Margin	4.83	-7.59	22.49	42.12	18.15
Unlevered Free Cash Flow Margin	6.69	-4.06	24.9	43.84	19.23
Asset Turnover
Asset Turnover	0.61	0.26	0.32	0.43	0.62
Fixed Assets Turnover	0.91	0.36	0.44	0.63	0.96
Receivables Turnover (Average Receivables)	9.3	6.8	11.78	12.93	17.31
Inventory Turnover (Average Inventory)	38.24	24.36	26	34.19	40.42
Short Term Liquidity
Current Ratio	0.94	1.23	1.4	1.09	1
Quick Ratio	0.87	1.13	1.32	1.04	0.95
Operating Cash Flow to Current Liabilities	0.45	0.12	0.75	0.81	0.79
Days Sales Outstanding (Average Receivables)	39.26	53.81	30.97	28.22	21.09
Days Outstanding Inventory (Average Inventory)	9.54	15.02	14.04	10.68	9.03
Average Days Payable Outstanding	23.41	29	16.99	20.56	21.72
Cash Conversion Cycle (Average Days)	25.4	39.84	28.03	18.33	8.39
Long Term Solvency
Total Debt/Equity	260.31	271.93	200.93	157.15	100.57
Total Debt / Total Capital	72.25	73.11	66.77	61.11	50.14