Cash flow Farfetch Limited Nyse

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FTCH

KY30744W1070

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Market Closed - Nyse Other stock markets 03:04:26 2024-12-05 pm EST			5-day change	1st Jan Change
0.000001 ^USD	0.00%		0.00%	-100.00%

Jan. 31	Farfetch Noteholders Oppose Acquisition by Coupang	DJ
Jan. 23	Is second-hand luxury's new growth driver?

c1a17171d112c5ca79236b7a0e21e.3PVpAfH2jibKN3FJzqX7gqvABlWseDKCG36zuzJdka4.saooUZCS5WWYZCQD_syusv3tWTH4AgHlbxn710MH8MmqzSgzlY_LbfpNMA

Published financial data: FARFETCH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2018	2019	2020	2021	2022
Revenues	602M	1.02B	1.67B	2.26B	2.32B
Total Revenues	602M	1.02B	1.67B	2.26B	2.32B
Cost of Goods Sold, Total	304M	561M	903M	1.24B	1.29B
Gross Profit	298M	460M	771M	1.02B	1.02B
Selling General & Admin Expenses, Total	380M	666M	1.02B	1.1B	1.27B
R&D Expenses	68.22M	84.21M	115M	131M	120M
Depreciation & Amortization - (IS)	23.54M	114M	217M	251M	333M
Other Operating Expenses, Total	472M	864M	1.35B	1.48B	1.73B
Operating Income	-173M	-404M	-580M	-462M	-704M
Interest Expense, Total	-537K	-8.26M	-68.8M	-77.31M	-80.44M
Interest And Investment Income	11.26M	11.53M	4.97M	3.31M	12.65M
Net Interest Expenses	10.72M	3.27M	-63.83M	-74M	-67.79M
Income (Loss) On Equity Invest.	33K	366K	-74K	-52K	68K
Currency Exchange Gains (Loss)	9.14M	11.88M	-20.21M	154K	-15.15M
Other Non Operating Income (Expenses)	-	43.25M	-2.64B	2.02B	1.31B
EBT, Excl. Unusual Items	-153M	-345M	-3.31B	1.49B	519M
Restructuring Charges	-	-	-	-	-4.85M
Merger & Related Restructuring Charges	-	-5.62M	-700K	-2.8M	-1.9M
Gain (Loss) On Sale Of Investments	-	-	-	784K	-7.4M
Asset Writedown	-	-	-39.26M	-11.78M	-137M
Other Unusual Items	-	-21.53M	-	-	-27.25M
EBT, Incl. Unusual Items	-153M	-373M	-3.35B	1.47B	341M
Income Tax Expense	2.16M	1.16M	-14.43M	3M	-3.52M
Earnings From Continuing Operations	-156M	-374M	-3.33B	1.47B	345M
Net Income to Company	-156M	-374M	-3.33B	1.47B	345M
Minority Interest	-	-11.61M	-17.55M	-4.12M	14.43M
Net Income - (IS)	-156M	-385M	-3.35B	1.47B	359M
Net Income to Common Incl Extra Items	-156M	-385M	-3.35B	1.47B	359M
Net Income to Common Excl. Extra Items	-156M	-385M	-3.35B	1.47B	359M
Per Share Items
Net EPS - Basic	-0.59	-1.21	-9.75	4.02	0.93
Basic EPS - Continuing Operations	-0.59	-1.21	-9.75	4.02	0.93
Basic Weighted Average Shares Outstanding	264M	319M	344M	365M	385M
Net EPS - Diluted	-0.59	-1.21	-9.75	-1.07	-1.85
Diluted EPS - Continuing Operations	-0.59	-1.21	-9.75	-1.07	-1.85
Diluted Weighted Average Shares Outstanding	264M	319M	344M	472M	466M
Normalized Basic EPS	-0.36	-0.71	-6.06	2.54	0.88
Normalized Diluted EPS	-0.36	-0.71	-6.06	1.96	0.73
Supplemental Items
EBITDA	-164M	-340M	-442M	-313M	-516M
EBITA	-172M	-349M	-454M	-329M	-532M
EBIT	-173M	-404M	-580M	-462M	-704M
EBITDAR	-145M	-330M	-436M	-306M	-508M
Effective Tax Rate - (Ratio)	-1.41	-0.31	0.43	0.2	-1.03
Total Current Taxes	2.16M	14.02M	32.33M	36.67M	38.58M
Total Deferred Taxes	-	-12.86M	-46.77M	-33.67M	-42.1M
Normalized Net Income	-95.89M	-227M	-2.08B	926M	339M
Interest on Long-Term Debt	-	3.47M	65.98M	76.78M	69.74M
Supplemental Operating Expense Items
Selling and Marketing Expenses	97.3M	151M	199M	292M	272M
General and Administrative Expenses	229M	346M	504M	592M	730M
Research And Development Expense From Footnotes	82.91M	114M	168M	200M	227M
Net Rental Expense, Total	19.24M	9.45M	6.4M	6.7M	7.5M
Imputed Operating Lease Interest Expense	-	-	7.45M	5.38M	5.25M
Imputed Operating Lease Depreciation	-	-	-1.05M	1.32M	2.25M
Stock-Based Comp., SG&A Exp. (Total)	53.82M	161M	292M	196M	245M
Total Stock-Based Compensation	53.82M	161M	292M	196M	245M

Fiscal Period: December	2018	2019	2020	2021	2022
Assets
Cash And Equivalents	1.04B	322M	1.57B	1.36B	734M
Short Term Investments	-	-	-	99.97M	-
Total Cash And Short Term Investments	1.04B	322M	1.57B	1.46B	734M
Accounts Receivable, Total	-	34.36M	45.77M	57.84M	82.64M
Other Receivables	58.64M	139M	152M	307M	374M
Total Receivables	58.64M	174M	198M	365M	456M
Inventory	60.95M	128M	145M	256M	346M
Prepaid Expenses	34.34M	18.22M	14.04M	19.67M	52.49M
Other Current Assets, Total	691K	3.02M	30.24M	8.01M	472K
Total Current Assets	1.2B	645M	1.96B	2.11B	1.59B
Gross Property Plant And Equipment	52.34M	206M	306M	338M	344M
Accumulated Depreciation	-14.82M	-23.06M	-37.22M	-45.82M	-65.31M
Net Property Plant And Equipment	37.53M	183M	268M	293M	279M
Long-term Investments	652K	18.7M	10.6M	18.01M	219M
Goodwill	36.04M	341M	357M	382M	402M
Other Intangibles, Total	67.3M	1.02B	923M	977M	1.15B
Deferred Tax Assets Long-Term	-	5.32M	13.56M	13.33M	19.57M
Other Long-Term Assets, Total	10.46M	12.39M	58.08M	31.22M	21.2M
Total Assets	1.35B	2.23B	3.59B	3.83B	3.68B
Liabilities
Accounts Payable, Total	96.18M	180M	278M	343M	311M
Accrued Expenses, Total	96.12M	192M	391M	397M	364M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	18.48M	26.13M	33.59M	37M
Current Income Taxes Payable	1.51M	28.29M	3.1M	5.19M	6.08M
Unearned Revenue Current, Total	-	29.97M	30.96M	60.49M	50.41M
Other Current Liabilities	350K	18.59M	49.63M	68.3M	115M
Total Current Liabilities	194M	468M	779M	907M	883M
Long-Term Debt	-	-	635M	516M	893M
Long-Term Leases	-	101M	165M	181M	178M
Pension & Other Post Retirement Benefits	-	-	26.12M	12.95M	2.93M
Deferred Tax Liability Non Current	-	220M	182M	156M	127M
Other Non Current Liabilities	28.8M	101M	3.48B	1.78B	686M
Total Liabilities	223M	890M	5.27B	3.56B	2.77B
Common Stock, Total	11.99M	13.58M	14.17M	15.23M	15.79M
Additional Paid In Capital	772M	878M	928M	1.64B	1.69B
Retained Earnings	-483M	-826M	-4.01B	-2.39B	-1.87B
Comprehensive Income and Other	827M	1.1B	1.22B	819M	920M
Total Common Equity	1.13B	1.17B	-1.84B	88.61M	748M
Minority Interest	-	170M	169M	182M	157M
Total Equity	1.13B	1.34B	-1.68B	271M	906M
Total Liabilities And Equity	1.35B	2.23B	3.59B	3.83B	3.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	300M	340M	354M	381M	395M
ECS Total Common Shares Outstanding	300M	340M	354M	381M	395M
Book Value / Share	3.76	3.44	-5.21	0.23	1.9
Tangible Book Value	1.03B	-195M	-3.12B	-1.27B	-800M
Tangible Book Value Per Share	3.42	-0.58	-8.82	-3.34	-2.03
Total Debt	0	119M	827M	730M	1.11B
Net Debt	-1.04B	-203M	-747M	-733M	374M
Debt Equivalent Oper. Leases	154M	75.59M	51.2M	53.6M	60M
Minority Interest, Total (Incl. Fin. Div)	-	170M	169M	182M	157M
Equity Method Investments, Total	86K	2.47M	2.32M	69K	138K
Account Code - Inventory Valuation	6	6	6	5	5
Inventories - Finished Goods, Total	65.14M	141M	167M	278M	380M
Land - (BS)	-	17.82M	19.57M	18.02M	20.58M
Machinery, Total	17.28M	30.1M	41.28M	55.59M	62.08M
Full Time Employees	3.23K	4.53K	5.44K	6.46K	6.73K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	4.06M	5.21M	7.31M

Fiscal Period: December	2018	2019	2020	2021	2022
Net Income	-156M	-385M	-3.35B	1.47B	359M
Depreciation & Amortization - CF	7.34M	28.54M	39.37M	49.56M	54.69M
Amortization of Goodwill and Intangible Assets - (CF)	1.52M	55.3M	125M	133M	171M
Depreciation & Amortization, Total	8.85M	83.84M	165M	183M	226M
Amortization of Deferred Charges, Total - (CF)	14.68M	29.75M	52.5M	68.59M	107M
(Gain) Loss From Sale Of Asset	1.03M	-144K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	5M	235K	134K	99K
Asset Writedown & Restructuring Costs	-	-	39.26M	11.78M	137M
(Income) Loss On Equity Investments - (CF)	-33K	-366K	-	-	-
Stock-Based Compensation (CF)	53.82M	138M	168M	220M	290M
Other Operating Activities, Total	-11.95M	-41.39M	2.67B	-1.98B	-1.24B
Change In Accounts Receivable	-72.15M	-51.27M	-15.83M	-165M	-106M
Change In Inventories	-10.34M	-29.72M	-16.47M	-105M	-85.61M
Change In Accounts Payable	57.43M	114M	280M	115M	-73.58M
Change in Other Net Operating Assets	-1.97M	11.05M	128M	-93.14M	-147M
Cash from Operations	-116M	-127M	116M	-282M	-537M
Capital Expenditure	-21.14M	-39.51M	-26.84M	-28.85M	-22.19M
Sale of Property, Plant, and Equipment	-	272K	-	-	-
Cash Acquisitions	-	-462M	-12.02M	-27.3M	-73.86M
Sale (Purchase) of Intangible assets	-50.98M	-72.98M	-94.1M	-168M	-149M
Investment in Marketable and Equity Securities, Total	-288K	-20.85M	-2.87M	-110M	-109M
Other Investing Activities, Total	8.86M	11.26M	3.19M	2.99M	8.92M
Cash from Investing	-63.54M	-584M	-133M	-331M	-344M
Long-Term Debt Issued, Total	-	-	1.24B	-	369M
Total Debt Issued	-	-	1.24B	-	369M
Long-Term Debt Repaid, Total	-	-19.13M	-19.05M	-26.25M	-66.44M
Total Debt Repaid	-	-19.13M	-19.05M	-26.25M	-66.44M
Issuance of Common Stock	860M	8.65M	113M	36.83M	2.55M
Other Financing Activities, Total	-	-4.78M	-74.67M	395M	-48.24M
Cash from Financing	860M	-15.25M	1.26B	405M	257M
Foreign Exchange Rate Adjustments	-19M	3.04M	6.28M	-2.62M	-4.96M
Net Change in Cash	661M	-722M	1.25B	-210M	-629M
Supplemental Items
Cash Interest Paid	536K	4.78M	54.15M	32.79M	26.7M
Cash Income Tax Paid (Refund)	822K	16.33M	65.22M	41.35M	37.37M
Levered Free Cash Flow	-151M	-8.57M	221M	-226M	-318M
Unlevered Free Cash Flow	-151M	-3.41M	264M	-178M	-267M
Change In Net Working Capital	47.57M	-87.08M	-238M	140M	234M
Net Debt Issued / Repaid	-	-19.13M	1.22B	-26.25M	303M

Fiscal Period: December	2018	2019	2020	2021	2022
Profitability
Return on Assets	-11.32	-14.11	-12.46	-7.78	-11.72
Return on Total Capital	-14.2	-19.54	-119.27	-380.96	-29.18
Return On Equity %	-20.4	-30.3	1.97K	-211.9	58.64
Return on Common Equity	-20.4	-33.56	989.78	-168.7	85.87
Margin Analysis
Gross Profit Margin %	49.54	45.04	46.06	45.05	44.17
SG&A Margin	63.08	65.25	60.84	48.55	54.99
EBITDA Margin %	-27.3	-33.29	-26.43	-13.87	-22.27
EBITA Margin %	-28.52	-34.17	-27.15	-14.56	-22.98
EBIT Margin %	-28.77	-39.58	-34.64	-20.46	-30.37
Income From Continuing Operations Margin %	-25.83	-36.6	-199.12	65.17	14.89
Net Income Margin %	-25.83	-37.74	-200.17	64.99	15.51
Net Avail. For Common Margin %	-25.83	-37.74	-200.17	64.99	15.51
Normalized Net Income Margin	-15.92	-22.28	-124.54	41.01	14.64
Levered Free Cash Flow Margin	-25.06	-0.84	13.2	-10.02	-13.71
Unlevered Free Cash Flow Margin	-25.01	-0.33	15.77	-7.87	-11.54
Asset Turnover
Asset Turnover	0.63	0.57	0.58	0.61	0.62
Fixed Assets Turnover	18.76	9.25	7.42	8.05	8.11
Receivables Turnover (Average Receivables)	-	55.06	38.77	43.56	32.98
Inventory Turnover (Average Inventory)	5.45	5.94	6.61	6.19	4.3
Short Term Liquidity
Current Ratio	6.18	1.38	2.52	2.33	1.8
Quick Ratio	5.68	1.06	2.27	2.02	1.35
Operating Cash Flow to Current Liabilities	-0.6	-0.27	0.15	-0.31	-0.61
Days Sales Outstanding (Average Receivables)	-	6.63	9.44	8.38	11.07
Days Outstanding Inventory (Average Inventory)	66.99	61.48	55.41	59.01	84.88
Average Days Payable Outstanding	98.82	80.29	91.1	83.89	86.24
Cash Conversion Cycle (Average Days)	-	-12.18	-26.25	-16.5	9.71
Long Term Solvency
Total Debt/Equity	-	8.92	-49.32	269.87	122.34
Total Debt / Total Capital	-	8.19	-97.31	72.96	55.02
LT Debt/Equity	-	7.54	-47.76	257.46	118.26
Long-Term Debt / Total Capital	-	6.92	-94.24	69.61	53.19
Total Liabilities / Total Assets	16.5	39.95	146.68	92.93	75.36
EBIT / Interest Expense	-322.75	-48.96	-8.43	-5.97	-8.75
EBITDA / Interest Expense	-306.26	-38.8	-6.03	-3.61	-5.94
(EBITDA - Capex) / Interest Expense	-345.62	-43.59	-6.42	-3.98	-6.21
Total Debt / EBITDA	-	-0.37	-1.99	-2.62	-2.32
Net Debt / EBITDA	6.35	0.63	1.8	2.63	-0.78
Total Debt / (EBITDA - Capex)	-	-0.33	-1.87	-2.37	-2.22
Net Debt / (EBITDA - Capex)	5.63	0.56	1.69	2.38	-0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	56.07	69.5	63.94	34.81	2.66
Gross Profit, 1 Yr. Growth %	45.75	54.08	67.65	31.86	0.66
EBITDA, 1 Yr. Growth %	91.57	106.66	30.2	-29.23	64.8
EBITA, 1 Yr. Growth %	91.96	103.05	30.32	-27.7	61.99
EBIT, 1 Yr. Growth %	91.48	133.19	43.51	-20.38	52.43
Earnings From Cont. Operations, 1 Yr. Growth %	38.57	140.2	791.94	-144.35	-76.55
Net Income, 1 Yr. Growth %	38.57	147.66	769.62	-144	-75.5
Normalized Net Income, 1 Yr. Growth %	41.89	137.24	816.7	-144.63	-63.36
Diluted EPS Before Extra, 1 Yr. Growth %	17.1	105.4	706.42	-88.93	72.57
Accounts Receivable, 1 Yr. Growth %	-	1.16K	12.81	26.36	42.87
Inventory, 1 Yr. Growth %	20.44	110.17	13.43	75.94	35.32
Net Property, Plant and Equip., 1 Yr. Growth %	40.58	388.1	46.48	9.06	-4.73
Total Assets, 1 Yr. Growth %	140.01	64.86	61.18	6.56	-3.94
Tangible Book Value, 1 Yr. Growth %	217.5	-119.06	1.5K	-59.08	-37.09
Common Equity, 1 Yr. Growth %	184.31	3.47	-257.99	-104.85	744.41
Cash From Operations, 1 Yr. Growth %	95.9	8.98	-191.85	-342.58	90.18
Capital Expenditures, 1 Yr. Growth %	67.54	86.93	-32.07	7.51	-23.09
Levered Free Cash Flow, 1 Yr. Growth %	469.89	-94.64	-2.09K	-197.49	40.58
Unlevered Free Cash Flow, 1 Yr. Growth %	490.54	-97.86	-4.54K	-167.32	50.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	57.73	62.65	66.7	48.66	17.64
Gross Profit, 2 Yr. CAGR %	59.8	49.86	60.72	48.68	15.2
EBITDA, 2 Yr. CAGR %	49.81	106.72	71.86	-2.57	15.04
EBITA, 2 Yr. CAGR %	50.61	104.79	70.08	-1.52	15.07
EBIT, 2 Yr. CAGR %