Cash flow Glencore plc

Equities

GLEN

JE00B4T3BW64

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:08 2024-09-10 am EDT			5-day change	1st Jan Change
363.45 ^GBX	-1.78%		-9.07%	-23.01%

Sep. 10	GLENCORE : Receives a Buy rating from Deutsche Bank	ZD
Sep. 10	Shares mixed as investors await US inflation	AN

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Published financial data: GLENCORE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	215B	142B	204B	256B	218B
Total Revenues	215B	142B	204B	256B	218B
Cost of Goods Sold, Total	211B	139B	191B	229B	207B
Gross Profit	4.61B	3.7B	12.38B	27.21B	10.78B
Selling General & Admin Expenses, Total	1.39B	1.68B	2.12B	2.43B	2.1B
Provision for Bad Debts	-	-	-	-	-21M
Impairment of Oil, Gas & Mineral Properties - (IS)	763M	3.85B	531M	981M	-
Other Operating Expenses	-	-	-67M	-	-
Other Operating Expenses, Total	2.15B	5.53B	2.58B	3.41B	2.08B
Operating Income	2.45B	-1.84B	9.8B	23.8B	8.7B
Interest Expense, Total	-1.94B	-1.57B	-1.35B	-1.77B	-2.52B
Interest And Investment Income	276M	152M	231M	480M	621M
Net Interest Expenses	-1.66B	-1.42B	-1.12B	-1.29B	-1.89B
Income (Loss) On Equity Invest.	114M	444M	2.62B	2.3B	1.34B
Currency Exchange Gains (Loss)	-	-	-187M	-299M	46M
Other Non Operating Income (Expenses)	-162M	-343M	-237M	-1.18B	-1.2B
EBT, Excl. Unusual Items	742M	-3.16B	10.88B	23.33B	6.99B
Restructuring Charges	-173M	-214M	-	-	-40M
Merger & Related Restructuring Charges	-6M	-	-	-	-
Impairment of Goodwill	-50M	-	-	-	-
Gain (Loss) On Sale Of Investments	-176M	342M	-336M	-273M	-103M
Gain (Loss) On Sale Of Assets	-43M	-36M	-607M	1.24B	850M
Asset Writedown	-1.14B	-1.66B	-921M	-1.12B	-2.11B
Legal Settlements	-159M	-113M	-1.64B	-302M	-168M
Other Unusual Items	118M	-284M	-	-	-
EBT, Incl. Unusual Items	-888M	-5.12B	7.38B	22.88B	5.42B
Income Tax Expense	618M	-1.17B	3.03B	6.37B	2.21B
Earnings From Continuing Operations	-1.51B	-3.95B	4.35B	16.51B	3.21B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-1.51B	-3.95B	4.35B	16.51B	3.21B
Minority Interest	1.1B	2.04B	625M	809M	1.07B
Net Income - (IS)	-404M	-1.9B	4.97B	17.32B	4.28B
Net Income to Common Incl Extra Items	-404M	-1.9B	4.97B	17.32B	4.28B
Net Income to Common Excl. Extra Items	-404M	-1.9B	4.97B	17.32B	4.28B
Per Share Items
Net EPS - Basic	-0.03	-0.14	0.38	1.33	0.34
Basic EPS - Continuing Operations	-0.03	-0.14	0.38	1.33	0.34
Basic Weighted Average Shares Outstanding	13.68B	13.22B	13.2B	13.04B	12.43B
Net EPS - Diluted	-0.03	-0.14	0.37	1.32	0.34
Diluted EPS - Continuing Operations	-0.03	-0.14	0.37	1.32	0.34
Diluted Weighted Average Shares Outstanding	13.68B	13.22B	13.34B	13.14B	12.54B
Normalized Basic EPS	0.11	0.01	0.56	1.18	0.44
Normalized Diluted EPS	0.11	0.01	0.56	1.17	0.43
Dividend Per Share	-	0.12	0.26	0.44	0.13
Payout Ratio	-670.79	-	32.47	27.9	127.52
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	9.98B	4.32B	16.03B	31.19B	15.32B
EBITA	2.6B	-1.62B	9.96B	23.96B	8.82B
EBIT	2.45B	-1.84B	9.8B	23.8B	8.7B
EBITDAR	10.74B	5.19B	16.53B	32B	16.36B
Effective Tax Rate - (Ratio)	-69.59	22.87	41.03	27.83	40.74
Total Current Taxes	1.24B	843M	2.76B	7.44B	2.86B
Total Deferred Taxes	-623M	-2.01B	261M	-1.07B	-658M
Normalized Net Income	1.57B	71.12M	7.42B	15.39B	5.44B
Interest Capitalized	66M	33M	33M	31M	51M
Interest on Long-Term Debt	167M	129M	98M	88M	117M
Non-Cash Pension Expense	4M	16M	6M	11M	12M
Supplemental Operating Expense Items
Net Rental Expense, Total	762M	870M	501M	804M	1.04B
Imputed Operating Lease Interest Expense	339M	299M	153M	362M	688M
Imputed Operating Lease Depreciation	423M	571M	348M	442M	355M
Stock-Based Comp., SG&A Exp. (Total)	128M	182M	189M	150M	328M
Stock-Based Comp., Other (Total)	-	2M	-	-	-
Total Stock-Based Compensation	128M	184M	189M	150M	328M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.9B	1.5B	3.24B	1.92B	1.92B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	255M	-	95M	62M	21M
Total Cash And Short Term Investments	2.15B	1.5B	3.34B	1.98B	1.95B
Accounts Receivable, Total	10.59B	8.12B	10.62B	13.07B	10.86B
Other Receivables	2.63B	2.5B	1.97B	2.19B	4.34B
Notes Receivable	129M	241M	296M	319M	-
Total Receivables	13.35B	10.85B	12.89B	15.57B	15.2B
Inventory	19.94B	22.85B	28.43B	33.46B	31.57B
Prepaid Expenses	315M	220M	287M	325M	317M
Other Current Assets, Total	6.09B	7.79B	12.83B	17.88B	15.01B
Total Current Assets	41.84B	43.21B	57.78B	69.22B	64.04B
Gross Property Plant And Equipment	105B	104B	101B	98.31B	103B
Accumulated Depreciation	-49.87B	-56.49B	-57.56B	-58.75B	-64.16B
Net Property Plant And Equipment	55.36B	47.11B	43.16B	39.56B	39.23B
Long-term Investments	15.37B	14.7B	14.19B	12.34B	9.46B
Goodwill	5B	5B	5B	5B	5B
Other Intangibles, Total	2.01B	1.47B	1.24B	1.16B	1B
Loans Receivable Long-Term	921M	948M	675M	629M	273M
Deferred Tax Assets Long-Term	1.48B	2.25B	1.78B	1.84B	1.39B
Other Long-Term Assets, Total	2.11B	3.31B	3.7B	2.84B	3.47B
Total Assets	124B	118B	128B	133B	124B
Liabilities
Accounts Payable, Total	10.38B	11.07B	12.41B	11.95B	5.66B
Accrued Expenses, Total	469M	378M	449M	327M	508M
Short-term Borrowings	1.81B	2.44B	1.89B	3.62B	3.87B
Current Portion of Long-Term Debt	5.7B	5.3B	5.51B	5.96B	6.66B
Current Portion of Leases	484M	513M	525M	445M	547M
Current Income Taxes Payable	354M	927M	1.78B	4.66B	1.85B
Unearned Revenue Current, Total	798M	1.36B	2.03B	1.74B	1.04B
Other Current Liabilities	19.45B	17.45B	24.86B	24.72B	29.34B
Total Current Liabilities	39.45B	39.44B	49.46B	53.42B	49.48B
Long-Term Debt	27.91B	28.4B	25.73B	18.41B	20.81B
Long-Term Leases	1.16B	1.01B	1.09B	934M	961M
Unearned Revenue Non Current	2.67B	2.59B	2.09B	1.55B	1.29B
Pension & Other Post Retirement Benefits	958M	980M	939M	677M	800M
Deferred Tax Liability Non Current	5.97B	4.72B	4.47B	3.65B	2.97B
Other Non Current Liabilities	6.72B	6.46B	6.82B	8.73B	9.32B
Total Liabilities	84.84B	83.6B	90.59B	87.36B	85.63B
Common Stock, Total	146M	146M	146M	141M	136M
Additional Paid In Capital	45.79B	45.79B	43.68B	36.72B	28.37B
Retained Earnings	4.74B	2.85B	7.91B	25.25B	29.61B
Treasury Stock	-5.44B	-5.3B	-5.88B	-5.86B	-7.5B
Comprehensive Income and Other	-4.97B	-5.85B	-5.93B	-6.83B	-7.03B
Total Common Equity	40.27B	37.64B	39.93B	49.41B	43.58B
Minority Interest	-1.04B	-3.24B	-3.01B	-4.19B	-5.34B
Total Equity	39.24B	34.4B	36.92B	45.22B	38.24B
Total Liabilities And Equity	124B	118B	128B	133B	124B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.22B	13.24B	13.15B	12.61B	12.15B
ECS Total Common Shares Outstanding	13.19B	13.22B	13.1B	12.76B	12.17B
Book Value / Share	3.05	2.85	3.05	3.87	3.58
Tangible Book Value	33.27B	31.17B	33.7B	43.25B	37.58B
Tangible Book Value Per Share	2.52	2.36	2.57	3.39	3.09
Total Debt	37.07B	37.66B	34.74B	29.37B	32.85B
Net Debt	34.92B	36.16B	31.4B	27.39B	30.9B
Debt Equivalent of Unfunded Proj. Benefit Obligation	404M	464M	227M	30M	31M
Debt Equivalent Oper. Leases	6.1B	6.96B	4.01B	6.43B	8.34B
Minority Interest, Total (Incl. Fin. Div)	-1.04B	-3.24B	-3.01B	-4.19B	-5.34B
Equity Method Investments, Total	12.98B	12.4B	12.29B	11.88B	8.82B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	5.97B	5.83B
Inventories - Work In Process, Total	-	-	-	5.53B	4.96B
Inventories - Finished Goods, Total	-	-	-	2.81B	6.35B
Inventories - Others	-	-	-	19.16B	14.44B
Land - (BS)	6.21B	6.58B	6.85B	6.5B	6.62B
Machinery, Total	42.06B	41.27B	41.19B	42.12B	47.78B
Full Time Employees	89.09K	87.82K	81.28K	81.71K	83.43K
Accumulated Allowance for Doubtful Accounts (Supple)	398M	135M	140M	299M	166M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-404M	-1.9B	4.97B	17.32B	4.28B
Depreciation & Amortization - CF	7.02B	6.46B	6.18B	6.83B	5.86B
Amortization of Goodwill and Intangible Assets - (CF)	144M	212M	155M	159M	124M
Impairment of Oil, Gas & Mineral Properties - (CF)	763M	-	531M	981M	1.3B
Depreciation & Amortization, Total	7.92B	6.67B	6.87B	7.97B	7.28B
(Gain) Loss From Sale Of Asset	-3M	45M	705M	-56M	-605M
(Gain) Loss on Sale of Investments - (CF)	136M	28M	171M	71M	-142M
Asset Writedown & Restructuring Costs	1.19B	5.51B	921M	1B	799M
Provision for Credit Losses	86M	343M	-	-	-
(Income) Loss On Equity Investments - (CF)	-114M	-444M	-2.62B	-2.3B	-1.34B
Stock-Based Compensation (CF)	-	184M	476M	1.13B	742M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-2.17B	-3.76B	2.49B	1.79B	-3.74B
Change In Accounts Receivable	1.21B	-385M	-5.89B	-4.94B	7.54B
Change In Inventories	678M	-3.19B	-5.66B	-5.04B	1.98B
Change In Accounts Payable	199M	-436M	6.42B	-3.29B	-5.77B
Change in Unearned Revenues	-	-	-	-	-
Cash from Operations	8.73B	2.66B	8.86B	13.66B	11.04B
Capital Expenditure	-4.71B	-3.57B	-3.62B	-4.18B	-4.48B
Sale of Property, Plant, and Equipment	178M	52M	342M	63M	147M
Cash Acquisitions	-123M	-	-	321M	-494M
Divestitures	5M	-222M	252M	455M	838M
Investment in Marketable and Equity Securities, Total	-6M	13M	108M	128M	-890M
Other Investing Activities, Total	942M	1.02B	2.38B	1.49B	1.33B
Cash from Investing	-3.72B	-2.71B	-541M	-1.72B	-3.56B
Short Term Debt Issued, Total	79M	632M	675M	3.31B	1.14B
Long-Term Debt Issued, Total	4.18B	3.77B	5.16B	430M	4.79B
Total Debt Issued	4.26B	4.41B	5.83B	3.74B	5.93B
Short Term Debt Repaid, Total	-682M	-	-2.02B	-1.41B	-
Long-Term Debt Repaid, Total	-3.88B	-5.56B	-6.3B	-6.17B	-4.09B
Total Debt Repaid	-4.56B	-5.56B	-8.32B	-7.57B	-4.09B
Issuance of Common Stock	6M	-	-	238M	-
Repurchase of Common Stock	-2.32B	-	-746M	-2.5B	-3.67B
Common Dividends Paid	-2.71B	-	-1.62B	-4.83B	-5.46B
Common & Preferred Stock Dividends Paid	-2.71B	-	-1.62B	-4.83B	-5.46B
Special Dividend Paid	-	-	-500M	-	-992M
Other Financing Activities, Total	175M	837M	-1.17B	-2.27B	795M
Cash from Financing	-5.15B	-320M	-6.52B	-13.2B	-7.49B
Foreign Exchange Rate Adjustments	-11M	-36M	11M	-50M	-6M
Net Change in Cash	-145M	-403M	1.81B	-1.31B	-11M
Supplemental Items
Cash Interest Paid	1.6B	1.17B	1B	1.34B	1.88B
Cash Income Tax Paid (Refund)	2.3B	820M	1.84B	4.88B	6.5B
Levered Free Cash Flow	5.88B	-890M	6.35B	6.76B	7.15B
Unlevered Free Cash Flow	7.09B	93.12M	7.19B	7.86B	8.72B
Change In Net Working Capital	-2.22B	2.05B	2.37B	10.95B	-156M
Net Debt Issued / Repaid	-300M	-1.16B	-2.49B	-3.84B	1.84B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.21	-0.95	4.99	11.44	4.24
Return on Total Capital	1.96	-1.55	8.53	20.34	7.46
Return On Equity %	-3.56	-10.72	12.2	40.2	7.69
Return on Common Equity	-0.94	-4.88	12.82	38.77	9.21
Margin Analysis
Gross Profit Margin % <