Balance Sheet Gerresheimer AG

Equities

GXI

DE000A0LD6E6

Medical Equipment, Supplies & Distribution

Market Closed - Xetra Other stock markets 11:38:41 2024-09-13 am EDT			5-day change	1st Jan Change
100.40 ^EUR	-2.52%		-2.43%	+6.41%

Sep. 11	GERRESHEIMER AG : Berenberg remains its Buy rating	ZD
Sep. 11	GERRESHEIMER AG : Jefferies gives a Buy rating	ZD

99ad346.Zg-qO3VkJ7bA-NXS0GBlz2agyHZHu0Inz0SuNMHiZA8.JWLDDSQUYdqfsaKghC0o_1XMhRcq_TBAgi_JWLWDVmIoSv9uAjdphKW17Q

Published financial data: GERRESHEIMER AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2019	2020	2021	2022	2023
Revenues	1.39B	1.42B	1.5B	1.82B	1.99B
Total Revenues	1.39B	1.42B	1.5B	1.82B	1.99B
Cost of Goods Sold, Total	1B	980M	1.06B	1.27B	1.39B
Gross Profit	388M	439M	442M	547M	597M
Selling General & Admin Expenses, Total	273M	275M	287M	351M	373M
R&D Expenses	-	-	10M	21.62M	16.13M
Other Operating Expenses	-223K	10.48M	-5M	-12.66M	-12.72M
Other Operating Expenses, Total	273M	286M	292M	360M	376M
Operating Income	115M	153M	150M	186M	221M
Interest Expense, Total	-24.7M	-20.76M	-20.7M	-27.96M	-50.44M
Interest And Investment Income	2.65M	1.46M	1.33M	1.98M	3.8M
Net Interest Expenses	-22.05M	-19.31M	-19.38M	-25.97M	-46.63M
Income (Loss) On Equity Invest.	25K	27K	-	-	-
Currency Exchange Gains (Loss)	-27K	-1.3M	-586K	-483K	-1.59M
Other Non Operating Income (Expenses)	-3.54M	-1.01M	-200K	-2.53M	671K
EBT, Excl. Unusual Items	89.5M	132M	130M	158M	174M
Restructuring Charges	-4.2M	-296K	18K	338K	726K
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-5.01M	-	-	-	-
Gain (Loss) On Sale Of Assets	814K	9.4M	6.08M	187K	-529K
Asset Writedown	-112M	-1.48M	-172K	-	-
Insurance Settlements	6.59M	14.4M	6.01M	1.22M	2.68M
Other Unusual Items	122M	-18.42M	-14.39M	-18.44M	-9.19M
EBT, Incl. Unusual Items	98.17M	135M	128M	141M	167M
Income Tax Expense	15.49M	45.26M	40.62M	38.62M	47.34M
Earnings From Continuing Operations	82.68M	89.88M	87.24M	102M	120M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	82.68M	89.88M	87.24M	102M	120M
Minority Interest	-1.9M	-1.32M	-3.45M	-6.07M	-3.96M
Net Income - (IS)	80.78M	88.56M	83.79M	96.12M	116M
Net Income to Common Incl Extra Items	80.78M	88.56M	83.79M	96.12M	116M
Net Income to Common Excl. Extra Items	80.78M	88.56M	83.79M	96.12M	116M
Per Share Items
Net EPS - Basic	2.57	2.82	2.67	3.06	3.48
Basic EPS - Continuing Operations	2.57	2.82	2.67	3.06	3.48
Basic Weighted Average Shares Outstanding	31.4M	31.4M	31.4M	31.4M	33.34M
Net EPS - Diluted	2.57	2.82	2.67	3.06	3.48
Diluted EPS - Continuing Operations	2.57	2.82	2.67	3.06	3.48
Diluted Weighted Average Shares Outstanding	31.4M	31.4M	31.4M	31.4M	33.34M
Normalized Basic EPS	1.72	2.58	2.48	2.94	3.14
Normalized Diluted EPS	1.72	2.58	2.48	2.94	3.14
Dividend Per Share	1.2	1.25	1.25	1.25	1.25
Payout Ratio	48.78	44.39	46.84	40.83	37.18
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	266M	295M	280M	340M	385M
EBITA	174M	190M	197M	236M	271M
EBIT	115M	153M	150M	186M	221M
EBITDAR	280M	298M	283M	344M	389M
Effective Tax Rate - (Ratio)	15.78	33.49	31.77	27.43	28.28
Total Current Taxes	36.32M	40.97M	45.4M	41.24M	53.8M
Total Deferred Taxes	-20.83M	4.3M	-4.77M	-2.62M	-6.46M
Normalized Net Income	54.04M	80.89M	78M	92.37M	105M
Interest Capitalized	-	-	-	-	277K
Interest on Long-Term Debt	-	1.18M	1.49M	2.06M	5.04M
Non-Cash Pension Expense	1.65M	1.53M	1.44M	1.8M	4.17M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.16M	9.39M	12.32M	23.81M	18.96M
Net Rental Expense, Total	14.41M	2.95M	3.42M	3.34M	4.18M
Imputed Operating Lease Interest Expense	2.86M	473K	520K	635K	1.5M
Imputed Operating Lease Depreciation	11.55M	2.47M	2.9M	2.71M	2.68M
Stock-Based Comp., Other (Total)	1.45M	3.04M	886K	353K	1.46M
Total Stock-Based Compensation	1.45M	3.04M	886K	353K	1.46M

Fiscal Period: November	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	85.83M	87.95M	114M	113M	122M
Total Cash And Short Term Investments	85.83M	87.95M	114M	113M	122M
Accounts Receivable, Total	230M	230M	232M	287M	291M
Other Receivables	30.89M	28.77M	28.85M	73.09M	61.86M
Notes Receivable	25K	27K	-	-	-
Total Receivables	260M	258M	261M	360M	353M
Inventory	185M	190M	238M	311M	329M
Prepaid Expenses	4.72M	5.06M	4.56M	5.99M	5.17M
Other Current Assets, Total	8.71M	9.94M	39.58M	21.04M	40.4M
Total Current Assets	545M	551M	657M	810M	850M
Gross Property Plant And Equipment	1.24B	1.34B	1.56B	1.84B	2.02B
Accumulated Depreciation	-705M	-767M	-861M	-982M	-1.08B
Net Property Plant And Equipment	535M	570M	697M	859M	940M
Long-term Investments	4.08M	5.48M	7.56M	23.75M	24.14M
Goodwill	672M	642M	656M	685M	670M
Other Intangibles, Total	664M	594M	578M	563M	501M
Loans Receivable Long-Term	267K	451K	-	-	-
Deferred Tax Assets Long-Term	17.07M	12.8M	6.35M	6.48M	7.25M
Deferred Charges Long-Term	20.56M	38.46M	54.35M	69.85M	91.42M
Other Long-Term Assets, Total	183M	202M	221M	338M	345M
Total Assets	2.64B	2.62B	2.88B	3.35B	3.43B
Liabilities
Accounts Payable, Total	221M	212M	284M	357M	387M
Accrued Expenses, Total	43.47M	47.92M	103M	119M	110M
Current Portion of Long-Term Debt	527M	198M	415M	520M	366M
Current Portion of Leases	721K	11.38M	23.46M	16.09M	17.08M
Current Income Taxes Payable	5.85M	11.26M	12.17M	21.7M	22.44M
Unearned Revenue Current, Total	8.72M	7.45M	10.98M	31.57M	22.5M
Other Current Liabilities	83.69M	91.76M	37.08M	36.67M	32.93M
Total Current Liabilities	891M	579M	886M	1.1B	958M
Long-Term Debt	489M	809M	655M	639M	613M
Long-Term Leases	7.89M	26.79M	40.27M	46.69M	45.68M
Unearned Revenue Non Current	1.47M	2.46M	1.62M	788K	67.23M
Pension & Other Post Retirement Benefits	153M	151M	135M	105M	101M
Deferred Tax Liability Non Current	142M	131M	129M	163M	114M
Other Non Current Liabilities	14.62M	16.95M	28.94M	29.21M	58.19M
Total Liabilities	1.7B	1.72B	1.88B	2.08B	1.96B
Common Stock, Total	31.4M	31.4M	31.4M	31.4M	34.54M
Additional Paid In Capital	514M	514M	514M	514M	-
Retained Earnings	427M	474M	526M	614M	681M
Comprehensive Income and Other	-47.56M	-135M	-90.1M	83.22M	730M
Total Common Equity	925M	884M	981M	1.24B	1.45B
Minority Interest	16.45M	15.83M	20.88M	26.46M	26.71M
Total Equity	942M	900M	1B	1.27B	1.47B
Total Liabilities And Equity	2.64B	2.62B	2.88B	3.35B	3.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	31.4M	31.4M	31.4M	31.4M	34.54M
ECS Total Common Shares Outstanding	31.4M	31.4M	31.4M	31.4M	34.54M
Book Value / Share	29.46	28.15	31.25	39.58	41.85
Tangible Book Value	-412M	-352M	-253M	-4.64M	274M
Tangible Book Value Per Share	-13.11	-11.21	-8.06	-0.15	7.94
Total Debt	1.02B	1.05B	1.13B	1.22B	1.04B
Net Debt	939M	957M	1.02B	1.11B	919M
Debt Equivalent of Unfunded Proj. Benefit Obligation	166M	163M	147M	117M	114M
Debt Equivalent Oper. Leases	115M	23.58M	27.4M	26.76M	33.48M
Minority Interest, Total (Incl. Fin. Div)	16.45M	15.83M	20.88M	26.46M	26.71M
Equity Method Investments, Total	332K	332K	54K	36K	47K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	60.36M	66.72M	94.42M	125M	130M
Inventories - Work In Process, Total	18.75M	16.55M	20.08M	32.86M	33.91M
Inventories - Finished Goods, Total	102M	103M	121M	146M	159M
Inventories - Others	3.69M	3.42M	2.82M	6.33M	5.36M
Land - (BS)	255M	289M	345M	410M	450M
Machinery, Total	985M	1.05B	1.21B	1.43B	1.57B
Full Time Employees	9.87K	9.88K	10.45K	11.06K	11.66K
Accumulated Allowance for Doubtful Accounts (Supple)	2.57M	3.93M	4.72M	4.1M	1.82M

Fiscal Period: November	2019	2020	2021	2022	2023
Net Income	80.78M	88.56M	83.79M	96.12M	116M
Depreciation & Amortization - CF	91.29M	105M	96.32M	119M	130M
Amortization of Goodwill and Intangible Assets - (CF)	59.35M	37.02M	46.14M	49.99M	49.85M
Depreciation & Amortization, Total	151M	142M	142M	169M	180M
Amortization of Deferred Charges, Total - (CF)	2.57M	1.73M	2.14M	2.19M	2.84M
(Gain) Loss From Sale Of Asset	-2.76M	-8.98M	-6.08M	304K	529K
Asset Writedown & Restructuring Costs	117M	1.8M	753K	124K	3.32M
(Income) Loss On Equity Investments - (CF)	-242K	-238K	-283K	-172K	-241K
Other Operating Activities, Total	-15.55M	20.26M	-20.02M	1.65M	-39.88M
Change In Accounts Receivable	44.27M	-14.13M	3.49M	-44.99M	-10.16M
Change In Inventories	-12.89M	-12.17M	-44.85M	-66.45M	-22M
Change In Accounts Payable	-153M	3.28M	50.67M	63.92M	63.94M
Change in Other Net Operating Assets	-17.58M	114K	-	-	-
Cash from Operations	193M	222M	212M	222M	294M
Capital Expenditure	-165M	-174M	-206M	-257M	-339M
Cash Acquisitions	-43.5M	-	-	-	-
Divestitures	-388K	93K	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	5.23M	16.98M	9.44M	345K	31.11M
Cash from Investing	-203M	-157M	-197M	-256M	-307M
Long-Term Debt Issued, Total	384M	499M	316M	756M	542M
Total Debt Issued	384M	499M	316M	756M	542M
Long-Term Debt Repaid, Total	-346M	-513M	-269M	-672M	-726M
Total Debt Repaid	-346M	-513M	-269M	-672M	-726M
Issuance of Common Stock	-	-	-	-	272M
Common Dividends Paid	-39.41M	-39.31M	-39.25M	-39.25M	-43.18M
Common & Preferred Stock Dividends Paid	-39.41M	-39.31M	-39.25M	-39.25M	-43.18M
Other Financing Activities, Total	217K	211K	199K	-471K	-4.72M
Cash from Financing	-1.07M	-52.15M	8.02M	44.24M	40.35M
Foreign Exchange Rate Adjustments	525K	-5.72M	2.13M	4.55M	-3.12M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1K
Net Change in Cash	-10.83M	7.29M	25.19M	14.55M	24.13M
Supplemental Items
Cash Interest Paid	20.23M	18.84M	18.44M	22.35M	45.85M
Cash Income Tax Paid (Refund)	36.16M	30.27M	45.21M	31.69M	58.19M
Levered Free Cash Flow	-38.93M	57.79M	20.26M	-21.54M	-68.04M
Unlevered Free Cash Flow	-23.49M	70.77M	33.2M	-4.06M	-36.51M
Change In Net Working Capital	85.53M	-2.42M	-132K	35.88M	20.45M
Net Debt Issued / Repaid	38.12M	-13.05M	47.08M	83.96M	-183M

Fiscal Period: November	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.68	3.64	3.42	3.74	4.08
Return on Total Capital	3.76	4.89	4.61	5.03	5.53
Return On Equity %	9.03	9.76	9.17	8.95	8.76
Return on Common Equity	8.99	9.79	8.98	8.59	8.64
Margin Analysis
Gross Profit Margin %	27.87	30.95	29.53	30.09	30.01
SG&A Margin	19.62	19.42	19.15	19.34	18.72
EBITDA Margin %	19.09	20.8	18.69	18.72	19.35
EBITA Margin %	12.53	13.4	13.13	13.01	13.62
EBIT Margin %	8.27	10.79	10.05	10.26	11.12
Income From Continuing Operations Margin %	5.94	6.34	5.82	5.62	6.03
Net Income Margin %	5.8	6.24	5.59	5.29	5.83
Net Avail. For Common Margin %	5.8	6.24	5.59	5.29	5.83
Normalized Net Income Margin	3.88	5.7	5.21	5.08	5.26
Levered Free Cash Flow Margin	-2.8	4.07	1.35	-1.19	-3.42
Unlevered Free Cash Flow Margin	-1.69	4.99	2.22	-0.22	-1.83
Asset Turnover
Asset Turnover	0.52	0.54	0.55	0.58	0.59
Fixed Assets Turnover	2.67	2.57	2.36	2.34	2.21
Receivables Turnover (Average Receivables)