Cash flow Galaxy Entertainment Group Limited

Equities

27 HK0027032686

Casinos & Gaming

Market Closed - Hong Kong S.E. Other stock markets 04:08:15 2024-09-17 am EDT			5-day change	1st Jan Change
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Sep. 12	Tencent Launches Palm Payments in Macau	MT
Aug. 15	Transcript : Galaxy Entertainment Group Limited, Q2 2024 Earnings Call, Aug 15, 2024

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Published financial data: GALAXY ENTERTAINMENT GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	51.9B	12.88B	19.7B	11.47B	35.68B
Other Revenues, Total	-	-	54.83M	82.27M	14.89M
Total Revenues	51.9B	12.88B	19.75B	11.56B	35.7B
Cost of Goods Sold, Total	9.07B	8.35B	7.57B	7.39B	8.95B
Gross Profit	42.83B	4.53B	12.18B	4.17B	26.75B
Selling General & Admin Expenses, Total	-	301M	516M	308M	1.92B
Depreciation & Amortization - (IS)	3.46B	2.82B	2.26B	2.09B	2.84B
Other Operating Expenses	27.61B	6.57B	9.11B	5.07B	15.65B
Other Operating Expenses, Total	31.07B	9.68B	11.89B	7.47B	20.41B
Operating Income	11.77B	-5.16B	287M	-3.3B	6.35B
Interest Expense, Total	-121M	-34.08M	-64.29M	-104M	-12.11M
Interest And Investment Income	1.42B	1.19B	954M	728M	930M
Net Interest Expenses	1.29B	1.15B	889M	624M	918M
Income (Loss) On Equity Invest.	532M	453M	383M	-89.64M	85.11M
Currency Exchange Gains (Loss)	-227M	-172M	264M	-281M	-43.37M
Other Non Operating Income (Expenses)	36.83M	55.99M	62.36M	64.59M	-112M
EBT, Excl. Unusual Items	13.4B	-3.67B	1.89B	-2.99B	7.19B
Gain (Loss) On Sale Of Investments	-	-	-	-205M	-272M
Gain (Loss) On Sale Of Assets	-120M	-195M	-237M	-92.47M	101M
Asset Writedown	-	-	-223K	-13.35M	-
Insurance Settlements	-	100M	-	-	-
Other Unusual Items	-	-	-127M	-55.76M	-45.57M
EBT, Incl. Unusual Items	13.28B	-3.76B	1.52B	-3.35B	6.98B
Income Tax Expense	156M	151M	88.69M	95.89M	103M
Earnings From Continuing Operations	13.13B	-3.91B	1.43B	-3.45B	6.87B
Net Income to Company	13.13B	-3.91B	1.43B	-3.45B	6.87B
Minority Interest	-86.31M	-59.84M	-106M	14.41M	-46.02M
Net Income - (IS)	13.04B	-3.97B	1.33B	-3.43B	6.83B
Net Income to Common Incl Extra Items	13.04B	-3.97B	1.33B	-3.43B	6.83B
Net Income to Common Excl. Extra Items	13.04B	-3.97B	1.33B	-3.43B	6.83B
Per Share Items
Net EPS - Basic	3.01	-0.92	0.3	-0.79	1.56
Basic EPS - Continuing Operations	3.01	-0.92	0.3	-0.79	1.56
Basic Weighted Average Shares Outstanding	4.33B	4.34B	4.35B	4.36B	4.37B
Net EPS - Diluted	3	-0.92	0.3	-0.79	1.56
Diluted EPS - Continuing Operations	3	-0.92	0.3	-0.79	1.56
Diluted Weighted Average Shares Outstanding	4.35B	4.34B	4.36B	4.36B	4.37B
Normalized Basic EPS	1.91	-0.54	0.25	-0.42	1.02
Normalized Diluted EPS	1.91	-0.54	0.25	-0.42	1.02
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	15.06B	-2.51B	2.38B	-1.38B	8.99B
EBITA	11.96B	-4.96B	481M	-3.16B	6.62B
EBIT	11.77B	-5.16B	287M	-3.3B	6.35B
EBITDAR	15.07B	-2.49B	2.4B	-1.37B	9B
Effective Tax Rate - (Ratio)	1.17	-4	5.83	-2.86	1.48
Current Domestic Taxes	149M	144M	91.23M	134M	160M
Total Current Taxes	149M	144M	91.23M	134M	160M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	6.52M	6.74M	-2.54M	-38.1M	-56.94M
Normalized Net Income	8.29B	-2.35B	1.07B	-1.85B	4.45B
Interest Capitalized	-	47.16M	26.31M	19.3M	134M
Interest on Long-Term Debt	15.95M	15.65M	15.22M	16.47M	21.74M
Supplemental Operating Expense Items
Advertising Expense	-	301M	516M	308M	1.92B
Selling and Marketing Expenses	-	301M	516M	308M	1.92B
Net Rental Expense, Total	14.97M	19.27M	13.7M	7.25M	7.14M
Imputed Operating Lease Interest Expense	2.83M	2.34M	1.19M	950K	1.63M
Imputed Operating Lease Depreciation	12.14M	16.93M	12.5M	6.3M	5.5M
Maintenance & Repair Expenses, Total	-	466M	447M	353M	437M
Stock-Based Comp., COGS (Total)	275M	298M	206M	181M	251M
Total Stock-Based Compensation	275M	298M	206M	181M	251M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.25B	14.91B	13.61B	13.72B	7.2B
Short Term Investments	10.31B	3B	7.54B	2.32B	9.94B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	16.56B	17.9B	21.15B	16.05B	17.13B
Accounts Receivable, Total	650M	615M	682M	647M	773M
Other Receivables	1.56B	1.13B	1.04B	545M	900M
Notes Receivable	27.56M	62.97M	52M	35.59M	35.08M
Total Receivables	2.23B	1.81B	1.78B	1.23B	1.71B
Inventory	178M	202M	204M	209M	222M
Prepaid Expenses	114M	133M	146M	128M	132M
Other Current Assets, Total	430M	410M	291M	299M	10.46M
Total Current Assets	19.52B	20.46B	23.56B	17.91B	19.21B
Gross Property Plant And Equipment	58.88B	63.71B	70.66B	75.43B	81.05B
Accumulated Depreciation	-21.19B	-22.66B	-24B	-25.1B	-26.92B
Net Property Plant And Equipment	37.69B	41.05B	46.67B	50.33B	54.13B
Long-term Investments	37.74B	30.53B	14.72B	12.58B	11.17B
Other Intangibles, Total	555M	357M	153M	32.95M	2.5B
Accounts Receivable Long-Term	32.78M	34.89M	14.65M	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	13.39M	11.18M	27.68M	26M
Other Long-Term Assets, Total	170M	281M	118M	78.99M	182M
Total Assets	95.7B	92.73B	85.24B	80.96B	87.22B
Liabilities
Accounts Payable, Total	4.03B	3.05B	2.8B	2.27B	2.79B
Accrued Expenses, Total	2.33B	2.31B	1.57B	1.29B	1.99B
Short-term Borrowings	647M	9.32B	6.48B	7.58B	1.53B
Current Portion of Long-Term Debt	17.86M	-	-	-	-
Current Portion of Leases	49.39M	48.12M	49.24M	49.92M	79.3M
Current Income Taxes Payable	58.99M	63.31M	50.07M	48.01M	94.83M
Other Current Liabilities	13.54B	9.1B	3.91B	4.06B	6.05B
Total Current Liabilities	20.67B	23.89B	14.87B	15.3B	12.53B
Long-Term Debt	8.93M	-	-	-	-
Long-Term Leases	311M	297M	434M	433M	549M
Deferred Tax Liability Non Current	201M	208M	205M	167M	110M
Other Non Current Liabilities	353M	298M	662M	597M	2.81B
Total Liabilities	21.54B	24.69B	16.17B	16.5B	16B
Common Stock, Total	22.43B	22.81B	23.6B	23.97B	24.1B
Retained Earnings	51.69B	45.95B	47.43B	42.7B	48.8B
Comprehensive Income and Other	-539M	-1.33B	-2.6B	-2.75B	-2.14B
Total Common Equity	73.59B	67.42B	68.42B	63.91B	70.76B
Minority Interest	567M	613M	651M	551M	458M
Total Equity	74.15B	68.04B	69.08B	64.47B	71.22B
Total Liabilities And Equity	95.7B	92.73B	85.24B	80.96B	87.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.33B	4.34B	4.36B	4.37B	4.37B
ECS Total Common Shares Outstanding	4.33B	4.34B	4.36B	4.37B	4.37B
Book Value / Share	16.98	15.53	15.7	14.63	16.19
Tangible Book Value	73.03B	67.07B	68.27B	63.88B	68.26B
Tangible Book Value Per Share	16.85	15.45	15.66	14.63	15.62
Total Debt	1.03B	9.66B	6.97B	8.06B	2.16B
Net Debt	-15.53B	-8.24B	-14.18B	-7.98B	-14.98B
Debt Equivalent Oper. Leases	120M	154M	110M	57.98M	57.1M
Minority Interest, Total (Incl. Fin. Div)	567M	613M	651M	551M	458M
Equity Method Investments, Total	1.84B	1.96B	2B	1.4B	2.24B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	46.46M	63.97M	57.17M	62.3M	74M
Inventories - Finished Goods, Total	99.21M	108M	120M	122M	126M
Inventories - Others	32.16M	30.13M	26.45M	25.07M	22.13M
Buildings, Total	22.88B	22.78B	22.85B	22.9B	33.37B
Machinery, Total	22.17B	22.2B	21.9B	21.33B	27.54B
Full Time Employees	21.17K	17.75K	17.09K	15.91K	20.4K
Part Time Employees	211	163	138	197	-
Accumulated Allowance for Doubtful Accounts (Supple)	6.96M	773K	298K	300K	186K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	13.04B	-3.97B	1.33B	-3.43B	6.83B
Depreciation & Amortization - CF	3.24B	2.59B	2.04B	1.92B	2.53B
Amortization of Goodwill and Intangible Assets - (CF)	194M	195M	194M	141M	271M
Depreciation & Amortization, Total	3.43B	2.79B	2.23B	2.06B	2.8B
Amortization of Deferred Charges, Total - (CF)	26.85M	29.76M	34.52M	27.33M	31.72M
(Gain) Loss From Sale Of Asset	120M	195M	237M	92.47M	-101M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	205M	272M
Asset Writedown & Restructuring Costs	-	-	223K	13.35M	-
(Income) Loss On Equity Investments - (CF)	-532M	-453M	-383M	89.64M	-85.11M
Stock-Based Compensation (CF)	275M	298M	206M	181M	251M
Other Operating Activities, Total	-1.3B	-1.15B	-903M	-749M	-667M
Change In Accounts Receivable	-272M	389M	337M	46.29M	-419M
Change In Inventories	11.96M	-23.88M	-1.41M	-12.54M	-19.56M
Change In Accounts Payable	4.62B	-5.72B	-6.62B	-1.56B	2.66B
Change in Other Net Operating Assets	23.86M	-10.89M	51.75M	-53.97M	36.89M
Cash from Operations	19.44B	-7.63B	-3.49B	-3.09B	11.59B
Capital Expenditure	-4.12B	-5.77B	-6.91B	-5.06B	-5.96B
Sale of Property, Plant, and Equipment	2.48M	1.34M	5.12M	61.98M	273K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	93.9M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-53.27M	-24.72M	-23.09M	-14.54M	-58.92M
Investment in Marketable and Equity Securities, Total	-210M	6.28B	9.64B	2.1B	-5.73B
Net (Increase) Decrease in Loans Originated / Sold - Investing	25.1M	300K	21.25M	31.33M	-
Other Investing Activities, Total	-10.53B	9.02B	1.85B	5.92B	980M
Cash from Investing	-14.88B	9.5B	4.58B	3.04B	-10.67B
Short Term Debt Issued, Total	-	-	-	11.08B	2.88B
Long-Term Debt Issued, Total	1.5B	10.26B	8.55B	-	-
Total Debt Issued	1.5B	10.26B	8.55B	11.08B	2.88B
Short Term Debt Repaid, Total	-	-	-7.32M	-9.96B	-9.31B
Long-Term Debt Repaid, Total	-9.81B	-1.67B	-11.42B	-52.86M	-79.46M
Total Debt Repaid	-9.81B	-1.67B	-11.43B	-10.01B	-9.39B
Issuance of Common Stock	264M	224M	567M	256M	53.39M
Repurchase of Common Stock	-39.59M	-36.8M	-19.03M	-16.86M	-25.83M
Special Dividend Paid	-3.94B	-1.95B	-	-1.31B	-874M
Other Financing Activities, Total	-62.8M	-53.55M	-78.28M	-43.8M	-450M
Cash from Financing	-12.09B	6.77B	-2.41B	-43.38M	-7.81B
Foreign Exchange Rate Adjustments	-2.53M	19.85M	11.78M	-11.09M	-8.09M
Net Change in Cash	-7.53B	8.66B	-1.3B	-111M	-6.9B
Supplemental Items
Cash Interest Paid	119M	73M	81.33M	113M	137M
Cash Income Tax Paid (Refund)	141M	140M	131M	96.53M	69.32M
Levered Free Cash Flow	12.03B	-10.96B	-10.37B	-5.05B	4.08B
Unlevered Free Cash Flow	12.11B	-10.94B	-10.33B	-4.99B	4.08B
Change In Net Working Capital	-5.19B	5.03B	6.05B	113M	-3.05B
Net Debt Issued / Repaid	-8.31B	8.59B	-2.88B	1.07B	-6.51B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.03	-3.42	0.2	-2.48	4.72
Return on Total Capital	9.99	-4.22	0.23	-2.78	5.44
Return On Equity %	19.17	-5.5	2.09	-5.16	10.13
Return on Common Equity	19.2	-5.64	1.95	-5.19	10.14
Margin Analysis
Gross Profit Margin %	82.53	35.16	61.65	36.06	74.94
SG&A Margin	-	2.34	2.61	2.67	5.37
EBITDA Margin %	29.02	-19.49	12.07	-11.93	25.19
EBITA Margin %	23.05	-38.54	2.44	-27.37	18.54
EBIT Margin %	22.67	-40.05	1.45	-28.59	17.78
Income From Continuing Operations Margin %	25.29	-30.39	7.25	-29.84	19.26
Net Income Margin %	25.13	-30.86	6.71	-29.71	19.13
Net Avail. For Common Margin %	25.13	-30.86	6.71	-29.71	19.13
Normalized Net Income Margin	15.97	-18.27	5.43	-16.02	12.47
Levered Free Cash Flow Margin	23.19	-85.12	-52.51	-43.7	11.42