Balance Sheet Heimstaden AB

Equities

HEIM PREF

SE0015949037

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-09-09 pm EDT			5-day change	1st Jan Change
14.02 ^SEK	+0.14%		-1.27%	-1.82%

Aug. 28	Sweden's SBB sees improving property market as losses shrink	RE
Aug. 16	Heimstaden AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: HEIMSTADEN AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Rental Revenues	4.86B	6.99B	9.03B	13.2B	15.25B
Other Revenues, Total	196M	56M	984M	1.64B	886M
Total Revenues	5.06B	7.05B	10.01B	14.84B	16.14B
Property Expenses	2.14B	3.12B	4.11B	5.94B	6.73B
Selling General & Admin Expenses, Total	172M	229M	417M	724M	677M
Other Operating Expenses	19M	-55M	2.28B	-3M	165M
Total Operating Expenses	2.33B	3.3B	6.81B	6.66B	7.57B
Operating Income (REIT / Utility Template)	2.73B	3.75B	3.2B	8.19B	8.57B
Interest Expense, Total	-1.18B	-1.41B	-1.72B	-3.25B	-5.76B
Interest and Investment Income	57M	99M	162M	342M	384M
Net Interest Expenses	-1.12B	-1.31B	-1.56B	-2.91B	-5.38B
Currency Exchange Gains (Loss)	-133M	400M	-63M	-7.26B	387M
Other Non Operating Income (Expenses)	-101M	-178M	767M	-1.19B	-713M
EBT, Excl. Unusual Items	1.37B	2.66B	2.35B	-3.18B	2.87B
Impairment of Goodwill	-	-	-	-	-1.06B
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-2M	402M	4M
Asset Writedown	6.52B	8.16B	21.9B	-4.22B	-31.08B
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-186M	-188M	-52.5M	-	-
EBT, Incl. Unusual Items	7.7B	10.64B	24.19B	-7B	-29.26B
Income Tax Expense	1.7B	2.29B	5.19B	-1.19B	-3.71B
Earnings From Continuing Operations	6B	8.35B	19B	-5.81B	-25.56B
Net Income to Company	6B	8.35B	19B	-5.81B	-25.56B
Minority Interest	-1.9B	-3.92B	-8.8B	1.18B	10.39B
Net Income - (IS)	4.1B	4.43B	10.21B	-4.63B	-15.17B
Net Income to Common Incl Extra Items	4.1B	4.43B	10.21B	-4.63B	-15.17B
Net Income to Common Excl. Extra Items	4.1B	4.43B	10.21B	-4.63B	-15.17B
Per Share Items
Net EPS - Basic	26.36	28.5	77.45	-24.28	-79.58
Basic EPS - Continuing Operations	26.36	28.5	77.45	-24.28	-79.58
Basic Weighted Average Shares Outstanding	155M	155M	132M	191M	191M
Net EPS - Diluted	26.36	28.5	77.45	-24.28	-79.58
Diluted EPS - Continuing Operations	26.36	28.5	77.45	-24.28	-79.58
Diluted Weighted Average Shares Outstanding	155M	155M	132M	191M	191M
Normalized Basic EPS	-6.72	-14.52	-55.61	-4.21	63.89
Normalized Diluted EPS	-6.72	-14.52	-55.61	-4.21	63.89
Dividend Per Share	2	2	2	2	-
Payout Ratio	4.44	11.15	10.6	-2.53	-
Supplemental Items
EBITDA	2.74B	3.77B	3.21B	8.21B	8.61B
EBITA	2.73B	3.75B	3.21B	8.2B	8.57B
EBIT	2.73B	3.75B	3.2B	8.19B	8.57B
EBITDAR	2.74B	-	3.21B	-	8.62B
Effective Tax Rate - (Ratio)	22.1	21.49	21.46	16.95	12.67
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	259M	395M	500M	842M	463M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.44B	1.89B	4.69B	-2.03B	-4.17B
Normalized Net Income	-1.04B	-2.26B	-7.33B	-802M	12.18B
Interest Capitalized	-	26M	52M	89M	172M
Interest on Long-Term Debt	29M	36M	26M	-	8M
Supplemental Operating Expense Items
General and Administrative Expenses	172M	229M	414M	724M	677M
Net Rental Expense, Total	1M	-	5M	-	14M
Imputed Operating Lease Interest Expense	174K	-	560K	-	3.29M
Imputed Operating Lease Depreciation	826K	-	4.44M	-	10.71M
Maintenance & Repair Expenses, Total	546M	586M	770M	758M	767M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Gross Property Plant And Equipment	115B	145B	306B	352B	321B
Accumulated Depreciation	-55M	-56M	-111M	-134M	-181M
Net Property Plant And Equipment	115B	145B	306B	352B	321B
Total Real Estate Assets	115B	145B	306B	352B	321B
Cash And Equivalents	10.69B	10.91B	20.49B	11.32B	12.49B
Accounts Receivable, Total	23M	86M	207M	403M	229M
Other Receivables	1.28B	519M	-	-	-
Investment In Debt and Equity Securities	80M	66M	5.76B	-	-
Goodwill	72M	66M	16.56B	16.79B	15.71B
Other Intangibles, Total	-	8M	49M	126M	183M
Other Current Assets, Total	988M	3.19B	3.25B	7.99B	4.1B
Deferred Tax Assets Long-Term (Collected)	-	-	-	1.3B	1.08B
Other Long-Term Assets, Total	836M	1.24B	3.51B	14.48B	12.26B
Total Assets	129B	161B	356B	404B	367B
Liabilities
Current Portion of Long-Term Debt	5.14B	7.98B	28.32B	14.49B	19.9B
Current Portion of Leases	-	-	38M	90M	88M
Long-Term Debt	56.87B	67.55B	148B	185B	182B
Long-Term Leases	896M	748M	853M	1.4B	1.1B
Accounts Payable, Total	332M	477M	691M	928M	800M
Accrued Expenses, Total	646M	394M	4.88B	2.47B	2.45B
Current Income Taxes Payable	202M	237M	508M	500M	-
Unearned Revenue, Current	-	444M	-	515M	481M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	937M	1.87B	1.02B	4.2B	856M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	3.64B	5.45B	23.25B	24.46B	19.73B
Other Non Current Liabilities	-	-	878M	1.1B	1.66B
Total Liabilities	68.66B	85.14B	209B	235B	229B
Preferred Stock Redeemable	11.98M	11.98M	28.98M	-	-
Preferred Stock Non Redeemable	-	-	-	28.98M	28.98M
Total Preferred Equity	11.98M	11.98M	28.98M	28.98M	28.98M
Common Stock, Total	66.02M	66.02M	66.02M	66.02M	66.02M
Additional Paid In Capital	6.47B	6.47B	7.54B	7.5B	7.5B
Retained Earnings	14.29B	18.17B	27.01B	21.12B	3.99B
Comprehensive Income and Other	2.98B	1.49B	7.15B	15.38B	14.18B
Total Common Equity	23.8B	26.19B	41.77B	44.07B	25.74B
Minority Interest	36.13B	49.97B	105B	125B	112B
Total Equity	59.94B	76.17B	147B	169B	138B
Total Liabilities And Equity	129B	161B	356B	404B	367B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	155M	191M	191M	191M
ECS Total Common Shares Outstanding	155M	155M	191M	191M	191M
Book Value / Share	133.92	143.55	180.44	192.49	96.35
Tangible Book Value	23.72B	26.11B	25.17B	27.16B	9.85B
Tangible Book Value Per Share	133.45	143.07	93.34	103.76	12.98
Total Debt	62.91B	76.28B	177B	201B	203B
Net Debt	52.22B	65.37B	157B	190B	191B
Debt Equivalent Oper. Leases	8M	-	40M	-	112M
Minority Interest, Total (Incl. Fin. Div)	36.13B	49.97B	105B	125B	112B
Equity Method Investments, Total	333M	370M	760M	9.76B	8.7B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	865M	-	-	-	-
Machinery, Total	56M	116M	211M	273M	361M
Full Time Employees	571	1.37K	1.72K	1.57K	1.97K
Part Time Employees	-	-	525	388	131
Accumulated Allowance for Doubtful Accounts (Supple)	35M	17M	48M	69M	1.09B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.1B	4.43B	10.21B	-4.63B	-15.17B
Depreciation, Depletion & Amortization	6M	53M	39M	70M	-129M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	6M	10M	-
Total Depreciation, Depletion & Amortization	6M	53M	45M	80M	-129M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-235M
Total Asset Writedown	-6.52B	-8.16B	-21.76B	4.55B	32.14B
(Income) Loss On Equity Investments - (CF)	-196M	-56M	-904M	409M	864M
Change in Accounts Receivable	-62M	-	-488M	-785M	-216M
Change In Inventories	-113M	-293M	-	-	-
Change in Accounts Payable	-	-	3.87B	-320M	-1.42B
Change in Other Net Operating Assets (Collected)	360M	-92M	-	-	-
Other Operating Activities	3.69B	5.66B	12.5B	5.04B	-14.72B
Cash from Operations	1.27B	1.53B	3.48B	4.34B	1.12B
Acquisition of Real Estate Assets, Total	-13.6B	-15.88B	-26.74B	-21.04B	-10.67B
Sale of Real Estate Assets, Total	14M	-	1.15B	664M	2.62B
Net Sale / Acquisition of Real Estate Assets	-13.58B	-15.88B	-25.59B	-20.37B	-8.05B
Cash Acquisitions	-608M	-1.02B	-79.96B	-671M	-
Divestitures	-	-	-	-	1.49B
Purchase / Sale of Intangible Assets	-	-	-	-	-59M
Investment in Marketable and Equity Securities, Total	-65M	98M	-5.5B	-4.81B	807M
Other Investing Activities, Total	-608M	-381M	-317M	184M	-304M
Cash from Investing	-14.86B	-17.19B	-111B	-25.67B	-6.12B
Long-Term Debt Issued, Total	12.7B	16.13B	85.84B	50.57B	35.6B
Total Debt Issued	12.7B	16.13B	85.84B	50.57B	35.6B
Long-Term Debt Repaid, Total	-12.76B	-12.4B	-17.91B	-44.34B	-29.61B
Total Debt Repaid	-12.76B	-12.4B	-17.91B	-44.34B	-29.61B
Issuance of Common Stock	3B	6.14B	24.94B	-	-
Repurchase of Common Stock	-	-	-647M	-8.39B	-1.53B
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-135M	-447M	-	-	-
Preferred Dividends Paid	-47M	-47M	-1.08B	-117M	-
Common & Preferred Stock Dividends Paid	-182M	-494M	-1.08B	-117M	-
Other Financing Activities, Total	16.7B	6.83B	25.01B	13.82B	1.55B
Cash from Financing	19.46B	16.2B	116B	11.54B	6.01B
Foreign Exchange Rate Adjustments	48M	-327M	1.32B	622M	153M
Miscellaneous Cash Flow Adjustments	-1M	-	-	-1M	-1M
Net Change in Cash	5.91B	219M	9.58B	-9.17B	1.17B
Supplemental Items
Cash Interest Paid	577M	1.19B	2.52B	2.69B	5.72B
Cash Income Tax Paid (Refund)	159M	364M	553M	1B	940M
Net Debt Issued / Repaid	-59M	3.73B	67.93B	6.23B	5.99B
Levered Free Cash Flow	1.17B	1.32B	5.88B	-9.88M	1.55B
Unlevered Free Cash Flow	1.91B	2.2B	6.96B	2.02B	5.14B
Change In Net Working Capital	-197M	199M	-4.91B	3.17B	-44M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.61	1.62	0.77	1.35	1.39
Return on Total Capital	1.69	1.7	0.84	1.47	1.51
Return On Equity %	12.78	12.27	17.02	-3.68	-16.66
Return on Common Equity	20.35	17.73	30.04	-10.78	-43.46
Margin Analysis
Gross Profit Margin %	57.74	55.66	58.95	60.01	58.32
SG&A Margin	3.4	3.25	4.17	4.88	4.19
EBITDA Margin %	54.08	53.43	32.06	55.32	53.36
EBITA Margin %	53.96	53.19	32.07	55.22	53.11
EBIT Margin %	53.96	53.19	32.01	55.15	53.11
Income From Continuing Operations Margin %	118.62	118.52	189.82	-39.15	-158.36
Net Income Margin %	81.02	62.87	101.97	-31.18	-94
Net Avail. For Common Margin %	81.02	62.87	101.97	-31.18	-94
Normalized Net Income Margin	-20.65	-32.03	-73.21	-5.41	75.47
Levered Free Cash Flow Margin	23.15	18.7	58.75	-0.07	9.58
Unlevered Free Cash Flow Margin	37.74	31.17	69.52	13.63	31.88
Asset Turnover
Asset Turnover	0.05	0.05	0.04	0.04	0.04
Fixed Assets Turnover	0.05	0.05	0.04	0.05	0.05
Receivables Turnover (Average Receivables)	249.38	128.29	61.62	43.29	48.27
Inventory Turnover (Average Inventory)	2.77	2.9	3.84	8.37	12.11
Short Term Liquidity
Current Ratio	1.79	1.29	0.68	0.85	0.68
Quick Ratio	1.65	1.01	0.58	0.51	0.52
Operating Cash Flow to Current Liabilities	0.17	0.13	0.1	0.19	0.05
Days Sales Outstanding (Average Receivables)	1.46	2.85	5.92	8.43	7.56
Days Outstanding Inventory (Average Inventory)	131.88	126.31	94.94	43.63	30.14
Average Days Payable Outstanding	53.58	41.68	58.18	52.18	47.13
Cash Conversion Cycle (Average Days)	79.77	87.49	42.68	-0.12	-9.43
Long Term Solvency
Total Debt/Equity	104.95	100.14	120.61	119.14	147.25
Total Debt / Total Capital	51.21	50.04	54.67	54.37	59.55
LT Debt/Equity	96.38	89.67	101.33	110.5	132.76
Long-Term Debt / Total Capital