Balance Sheet iClick Interactive Asia Group Limited

Equities

ICLK

US45113Y2037

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Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
8.720 ^USD	-1.36%		-3.00%	-6.84%

Jan. 08	Asian Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading	MT
Jan. 07	Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading	MT

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Published financial data: ICLICK INTERACTIVE ASIA GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	199M	255M	308M	169M	133M
Total Revenues	199M	255M	308M	169M	133M
Cost of Goods Sold, Total	143M	181M	219M	124M	97.96M
Gross Profit	56.7M	73.26M	89.15M	44.81M	35.25M
Selling General & Admin Expenses, Total	64.16M	70.59M	94.03M	97.18M	66.23M
R&D Expenses	4.69M	4.44M	8.01M	8.32M	6.58M
Other Operating Expenses, Total	68.85M	75.02M	102M	105M	72.82M
Operating Income	-12.14M	-1.76M	-12.89M	-60.68M	-37.56M
Interest Expense, Total	-1.92M	-2.65M	-4.09M	-2.06M	-1.43M
Interest And Investment Income	537K	1.3M	824K	1.48M	2.04M
Net Interest Expenses	-1.38M	-1.35M	-3.26M	-579K	607K
Income (Loss) On Equity Invest.	-408K	-111K	-107K	-75K	-61K
Currency Exchange Gains (Loss)	-410K	-421K	622K	-3.18M	-1.22M
Other Non Operating Income (Expenses)	3.3M	-6.6M	5.52M	5.59M	3.55M
EBT, Excl. Unusual Items	-11.04M	-10.24M	-10.12M	-58.93M	-34.69M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-80.14M	-
Gain (Loss) On Sale Of Investments	107K	1.4M	-4.35M	-13.17M	-289K
Asset Writedown	-	-	-	-53.35M	-3.25M
Other Unusual Items	133K	-4.43M	418K	-8.4M	-
EBT, Incl. Unusual Items	-10.8M	-13.27M	-14.06M	-214M	-38.22M
Income Tax Expense	47K	1.63M	2.54M	-11.18M	647K
Earnings From Continuing Operations	-10.85M	-14.91M	-16.6M	-203M	-38.87M
Net Income to Company	-10.85M	-14.91M	-16.6M	-203M	-38.87M
Minority Interest	1.25M	2.29M	2.97M	1.93M	180K
Net Income - (IS)	-9.6M	-12.62M	-13.63M	-201M	-38.69M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-9.6M	-12.62M	-13.63M	-201M	-38.69M
Net Income to Common Excl. Extra Items	-9.6M	-12.62M	-13.63M	-201M	-38.69M
Per Share Items
Net EPS - Basic	-1.68	-1.6	-1.41	-19.92	-3.78
Basic EPS - Continuing Operations	-1.68	-1.6	-1.41	-19.92	-3.78
Basic Weighted Average Shares Outstanding	5.72M	7.87M	9.64M	10.08M	10.22M
Net EPS - Diluted	-1.7	-1.6	-1.41	-19.92	-3.78
Diluted EPS - Continuing Operations	-1.7	-1.6	-1.41	-19.92	-3.78
Diluted Weighted Average Shares Outstanding	5.72M	7.87M	9.64M	10.08M	10.22M
Normalized Basic EPS	-0.99	-0.52	-0.35	-3.46	-2.1
Normalized Diluted EPS	-0.99	-0.52	-0.35	-3.46	-2.1
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	-7.03M	2.81M	-9M	-56.85M	-36.86M
EBITA	-7.37M	2.43M	-9.65M	-57.69M	-37M
EBIT	-12.14M	-1.76M	-12.89M	-60.68M	-37.56M
EBITDAR	-6.15M	3.72M	-7.48M	-55.96M	-35.89M
Effective Tax Rate - (Ratio)	-0.44	-12.3	-18.07	5.23	-1.69
Total Current Taxes	1.13M	2.78M	3.44M	375K	141K
Total Deferred Taxes	-1.08M	-1.15M	-905K	-11.56M	506K
Normalized Net Income	-5.66M	-4.11M	-3.36M	-34.9M	-21.5M
Supplemental Operating Expense Items
Advertising Expense	13.08M	8.66M	10.46M	6.77M	3M
Selling and Marketing Expenses	42.97M	38.03M	52.87M	44.61M	37.21M
General and Administrative Expenses	20.3M	31.65M	39.64M	51.67M	28.06M
Research And Development Expense From Footnotes	5.57M	5.35M	9.53M	9.22M	7.55M
Net Rental Expense, Total	887K	912K	1.52M	894K	966K
Imputed Operating Lease Interest Expense	206K	263K	717K	232K	248K
Imputed Operating Lease Depreciation	681K	649K	801K	662K	718K
Stock-Based Comp., COGS (Total)	35K	5K	12K	18K	7K
Stock-Based Comp., R&D Exp. (Total)	661K	92K	221K	337K	148K
Stock-Based Comp., S&M Exp. (Total)	655K	2.71M	9.99M	1.74M	612K
Stock-Based Comp., G&A Exp. (Total)	4.06M	3.44M	3.28M	1.7M	315K
Total Stock-Based Compensation	5.41M	6.25M	13.5M	3.79M	1.08M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	36.85M	52.23M	41.44M	82.75M	50.77M
Short Term Investments	5.27M	29.17M	21.51M	8.95M	7.27M
Total Cash And Short Term Investments	42.12M	81.4M	62.95M	91.7M	58.04M
Accounts Receivable, Total	150M	154M	193M	67.49M	57.76M
Other Receivables	508K	1.09M	1.28M	1.45M	1.49M
Notes Receivable	-	1.4M	12.3M	726K	1.67M
Total Receivables	150M	157M	206M	69.66M	60.92M
Prepaid Expenses	28.36M	39.7M	44.23M	19.41M	12.79M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	23.85M	42.14M	36.15M	22.54M	26.76M
Other Current Assets, Total	978K	1.33M	1.53M	1.34M	1.29M
Total Current Assets	245M	321M	351M	205M	160M
Gross Property Plant And Equipment	10.01M	11.1M	12.68M	9.04M	7.14M
Accumulated Depreciation	-7.81M	-6.56M	-6.92M	-7.51M	-7.09M
Net Property Plant And Equipment	2.19M	4.53M	5.76M	1.53M	54K
Long-term Investments	1.66M	9.11M	12.47M	6.25M	3.4M
Goodwill	65.71M	74.42M	81.67M	-	-
Other Intangibles, Total	4.42M	56.43M	53.71M	991K	0
Loans Receivable Long-Term	-	-	-	6.07M	-
Deferred Tax Assets Long-Term	1.03M	953K	1.18M	720K	-
Other Long-Term Assets, Total	1.11M	3.49M	1.66M	1.56M	450K
Total Assets	322M	470M	508M	222M	164M
Liabilities
Accounts Payable, Total	66.16M	43.14M	66.59M	41.73M	40.32M
Accrued Expenses, Total	16.6M	23.53M	22.7M	25.15M	23.97M
Short-term Borrowings	85.86M	56.04M	75.53M	44.28M	38.41M
Current Portion of Leases	1.11M	1.96M	2.14M	2.15M	1.66M
Current Income Taxes Payable	3.78M	4.18M	4.05M	2.04M	1.97M
Unearned Revenue Current, Total	27.09M	28.2M	22.8M	16.98M	12.39M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	3.33M	5.8M	7.04M	5.39M	1.35M
Total Current Liabilities	204M	163M	201M	138M	120M
Long-Term Leases	706K	1.37M	1.46M	1.38M	1.23M
Unearned Revenue Non Current	449K	375K	459K	368K	-
Deferred Tax Liability Non Current	1.86M	14.16M	13.38M	1.33M	1.11M
Other Non Current Liabilities	-	12.28M	-	1.7M	38K
Total Liabilities	207M	191M	216M	142M	122M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	29K	46K	48K	49K	50K
Additional Paid In Capital	305M	492M	526M	529M	531M
Retained Earnings	-191M	-208M	-221M	-422M	-461M
Treasury Stock	-4.86M	-10.34M	-20.91M	-28.46M	-28.66M
Comprehensive Income and Other	-7.48M	-2.48M	860K	-4.09M	-4.07M
Total Common Equity	102M	272M	284M	74.93M	37.12M
Minority Interest	12.46M	6.99M	7.24M	4.36M	4.13M
Total Equity	115M	279M	292M	79.29M	41.25M
Total Liabilities And Equity	322M	470M	508M	222M	164M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.05M	9.34M	9.62M	10.01M	10.14M
ECS Total Common Shares Outstanding	5.74M	9.16M	9.58M	9.75M	9.9M
Book Value / Share	17.79	29.69	29.68	7.68	3.75
Tangible Book Value	31.97M	141M	149M	73.94M	37.12M
Tangible Book Value Per Share	5.57	15.41	15.55	7.58	3.75
Total Debt	87.68M	59.37M	79.13M	47.81M	41.3M
Net Debt	45.56M	-22.03M	16.18M	-43.89M	-16.74M
Debt Equivalent Oper. Leases	7.1M	7.3M	12.14M	7.15M	7.73M
Minority Interest, Total (Incl. Fin. Div)	12.46M	6.99M	7.24M	4.36M	4.13M
Equity Method Investments, Total	158K	460K	354K	279K	218K
Account Code - Inventory Valuation	3	3	3	-	3
Machinery, Total	5.3M	5.94M	6.38M	6.57M	5.92M
Full Time Employees	884	1.14K	1.19K	1.21K	894
Accumulated Allowance for Doubtful Accounts (Supple)	3.47M	11.75M	22.79M	37.22M	29.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-9.6M	-12.62M	-13.63M	-201M	-38.69M
Depreciation & Amortization - CF	1.88M	2.31M	3.43M	3.49M	615K
Amortization of Goodwill and Intangible Assets - (CF)	4.77M	4.19M	3.24M	2.99M	566K
Depreciation & Amortization, Total	6.66M	6.5M	6.67M	6.48M	1.18M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-2K	3K	-16K	-40K	-15K
(Gain) Loss on Sale of Investments - (CF)	-107K	-1.4M	4.35M	13.17M	289K
Asset Writedown & Restructuring Costs	-	-	-	133M	3.25M
Provision for Credit Losses	-	6.59M	289K	3.66M	4.49M
(Income) Loss On Equity Investments - (CF)	408K	111K	107K	75K	61K
Stock-Based Compensation (CF)	2.12M	6.25M	13.5M	3.79M	1.08M
Provision and Write-off of Bad Debts	2M	-2.62M	10.76M	16.56M	-1.43M
Other Operating Activities, Total	2.09M	12.46M	-4.29M	2.47M	326K
Change In Accounts Receivable	-85.38M	2M	-58.62M	104M	9.96M
Change In Accounts Payable	61.32M	-23.34M	23.45M	-24.86M	-764K
Change in Unearned Revenues	722K	265K	-5.32M	-6.94M	-4.3M
Change In Income Taxes	1M	-176K	-73K	-2.16M	-220K
Change in Other Net Operating Assets	-11.51M	-13.64M	3.15M	22.26M	5.36M
Cash from Operations	-30.29M	-19.63M	-19.67M	71.1M	-19.43M
Capital Expenditure	-474K	-556K	-1.39M	-506K	-83K
Sale of Property, Plant, and Equipment	16K	-	17K	40K	17K
Cash Acquisitions	-7.17M	6.23M	-10.01M	-8.46M	-5.16M
Sale (Purchase) of Intangible assets	-232K	-575K	-203K	-	-14K
Investment in Marketable and Equity Securities, Total	14.62M	-31.39M	92K	4.52M	3.27M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-1.4M	-10.9M	434K	981K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	6.76M	-27.69M	-22.39M	-3.98M	-987K
Short Term Debt Issued, Total	169M	200M	249M	180M	59.04M
Total Debt Issued	169M	200M	249M	180M	59.04M
Short Term Debt Repaid, Total	-123M	-180M	-231M	-210M	-64.91M
Total Debt Repaid	-123M	-180M	-231M	-210M	-64.91M
Issuance of Common Stock	315K	73.22M	17.67M	68K	-
Repurchase of Common Stock	-4.41M	-5.68M	-10.69M	-7.57M	-214K
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	2.9M	-6.93M	-	-	-
Cash from Financing	44.8M	79.98M	24.74M	-37.29M	-6.09M
Foreign Exchange Rate Adjustments	-394K	1.01M	532K	-2.13M	-1.27M
Net Change in Cash	20.88M	33.67M	-16.79M	27.71M	-27.78M
Supplemental Items
Cash Interest Paid	2.11M	2.54M	3.92M	2.11M	1.43M
Cash Income Tax Paid (Refund)	130K	2.96M	3.68M	1.95M	341K
Levered Free Cash Flow	-45.54M	-39.76M	-22.25M	114M	-22.29M
Unlevered Free Cash Flow	-44.34M	-38.1M	-19.69M	115M	-21.39M
Change In Net Working Capital	48.12M	48.62M	30.22M	-143M	83K
Net Debt Issued / Repaid	46M	19.37M	17.76M	-29.78M	-5.88M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-2.87	-0.28	-1.65	-10.4	-12.18
Return on Total Capital	-4.3	-0.41	-2.27	-15.24	-22.4
Return On Equity %	-9.81	-7.57	-5.82	-109.37	-64.49
Return on Common Equity	-9.26	-6.74	-4.9	-111.82	-69.06
Margin Analysis
Gross Profit Margin %	28.44	28.76	28.97	26.5	26.46
SG&A Margin	32.17	27.71	30.56	57.47	49.72
EBITDA Margin %	-3.53	1.1	-2.93	-33.62	-27.67
EBITA Margin %	-3.69	0.95	-3.14	-34.12	-27.77
EBIT Margin %	-6.09	-0.69	-4.19	-35.89	-28.2
Income From Continuing Operations Margin %	-5.44	-5.85	-5.39	-119.95	-29.18
Net Income Margin %	-4.82	-4.95	-4.43	-118.8	-29.04
Net Avail. For Common Margin %	-4.82	-4.95	-4.43	-118.8	-29.04
Normalized Net Income Margin	-2.84	-1.62	-1.09	-20.64	-16.14
Levered Free Cash Flow Margin	-22.84	-15.61	-7.23	67.44	-16.73
Unlevered Free Cash Flow Margin	-22.24	-14.96	-6.4	68.2	-16.06
Asset Turnover
Asset Turnover	0.75	0.64	0.63	0.46	0.69
Fixed Assets Turnover	158.2	75.75	59.75	46.34	167.89
Receivables Turnover (Average Receivables)	1.82	1.68	1.77	1.3	2.13
Short Term Liquidity
Current Ratio	1.2	1.97	1.75	1.49	1.33
Quick Ratio	0.94	1.45	1.28	1.17	0.98
Operating Cash Flow to Current Liabilities	-0.15	-0.12	-0.1	0.52	-0.16
Days Sales Outstanding (Average Receivables)	200.68	218.15	205.77	280.99	171.58
Average Days Payable Outstanding	93	110.22	91.63	159.07	152.85
Long Term Solvency
Total Debt/Equity	76.54	21.27	27.14	60.3	100.11
Total Debt / Total Capital	43.36	17.54	21.35	37.62	50.03
LT Debt/Equity	0.62	0.49	0.5	1.74	2.98
Long-Term Debt / Total Capital	0.35	0.41	0.39	1.09	1.49
Total Liabilities / Total Assets	64.37	40.63	42.57	64.25	74.8
EBIT / Interest Expense	-6.34	-0.66	-3.15	-29.5	-26.3
EBITDA / Interest Expense	-3.21	1.4	-1.83	-27.2	-25.14
(EBITDA - Capex) / Interest Expense	-3.46	1.19	-2.17	-27.45	-25.19
Total Debt / EBITDA	-14.27	15.96	-10.57	-0.85	-1.15
Net Debt / EBITDA	-7.41	-5.92	-2.16	0.78	0.47
Total Debt / (EBITDA - Capex)	-13.24	18.76	-8.92	-0.85	-1.15
Net Debt / (EBITDA - Capex)	-6.88	-6.96	-1.82	0.78	0.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.62	27.75	20.79	-45.05	-21.21
Gross Profit, 1 Yr. Growth %	44.95	29.2	21.69	-49.73	-21.33
EBITDA, 1 Yr. Growth %	-71.52	-139.93	-420.62