Balance Sheet Inchcape plc

Equities

INCH

GB00B61TVQ02

Auto, Truck & Motorcycle Parts

Market Closed - London S.E. Other stock markets 11:35:09 2025-01-17 am EST			5-day change	1st Jan Change
749.00 ^GBX	+0.47%		+2.96%	-2.66%

Nov. 15	Stocks turn greener despite "gloomy" government	AN
Nov. 14	Inchcape plc - Special Call

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Published financial data: INCHCAPE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.38B	6.84B	7.64B	8.13B	11.45B
Total Revenues	9.38B	6.84B	7.64B	8.13B	11.45B
Cost of Goods Sold, Total	8.11B	5.95B	6.5B	6.81B	9.51B
Gross Profit	1.27B	889M	1.14B	1.33B	1.94B
Selling General & Admin Expenses, Total	900M	722M	810M	925M	1.28B
Other Operating Expenses	-3.7M	1.7M	69.4M	-15.5M	-17M
Other Operating Expenses, Total	896M	724M	880M	910M	1.27B
Operating Income	376M	166M	261M	415M	673M
Interest Expense, Total	-63.9M	-45.5M	-38.8M	-47.1M	-206M
Interest And Investment Income	17.8M	12.1M	12.1M	17.7M	48M
Net Interest Expenses	-46.1M	-33.4M	-26.7M	-29.4M	-158M
Income (Loss) On Equity Invest.	300K	-	-	-600K	1M
Other Non Operating Income (Expenses)	-3.7M	-3.6M	-5.7M	-10.8M	-24M
EBT, Excl. Unusual Items	326M	129M	229M	375M	492M
Restructuring Charges	-8.9M	-	-13.3M	-	-
Merger & Related Restructuring Charges	-2.5M	-	-3.4M	-41.7M	-50M
Impairment of Goodwill	-	-97.5M	-12.9M	-	-
Gain (Loss) On Sale Of Assets	109M	1.9M	-	-	-
Asset Writedown	-21.9M	-125M	-4.3M	-2.7M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-36.5M	-	2.9M	-29M
EBT, Incl. Unusual Items	402M	-128M	195M	333M	413M
Income Tax Expense	73.1M	9M	72.9M	98.2M	130M
Earnings From Continuing Operations	329M	-137M	122M	235M	283M
Earnings Of Discontinued Operations	-	-	-	-241M	-
Net Income to Company	329M	-137M	122M	-6.2M	283M
Minority Interest	-5.8M	-2.9M	-4.9M	-5M	-13M
Net Income - (IS)	323M	-140M	117M	-11.2M	270M
Net Income to Common Incl Extra Items	323M	-140M	117M	-11.2M	270M
Net Income to Common Excl. Extra Items	323M	-140M	117M	230M	270M
Per Share Items
Net EPS - Basic	0.79	-0.36	0.3	-0.03	0.66
Basic EPS - Continuing Operations	0.79	-0.36	0.3	0.61	0.66
Basic Weighted Average Shares Outstanding	409M	394M	391M	376M	412M
Net EPS - Diluted	0.78	-0.36	0.3	-0.03	0.65
Diluted EPS - Continuing Operations	0.78	-0.36	0.3	0.55	0.65
Diluted Weighted Average Shares Outstanding	412M	394M	395M	421M	417M
Normalized Basic EPS	0.48	0.2	0.35	0.61	0.72
Normalized Diluted EPS	0.48	0.2	0.35	0.54	0.71
Dividend Per Share	0.09	0.07	0.22	0.29	0.34
Payout Ratio	34.22	-	44.62	-791.96	47.41
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	418M	201M	294M	447M	745M
EBITA	376M	166M	261M	405M	673M
EBIT	376M	166M	261M	415M	673M
EBITDAR	423M	206M	298M	454M	753M
Effective Tax Rate - (Ratio)	18.19	-7.02	37.42	29.48	31.48
Current Domestic Taxes	4.5M	-5.5M	100K	-	-
Current Foreign Taxes	76M	45.2M	78.2M	105M	140M
Total Current Taxes	80.5M	39.7M	78.3M	105M	140M
Total Deferred Taxes	-7.4M	-30.7M	-5.4M	-6.8M	-10M
Normalized Net Income	198M	77.66M	138M	229M	294M
Interest Capitalized	100K	-	-	-	-
Interest on Long-Term Debt	26.9M	20.5M	16.9M	16.2M	22M
Non-Cash Pension Expense	-1.2M	1.4M	1.2M	-21.1M	-3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	533M	375M	337M	385M	623M
General and Administrative Expenses	370M	347M	508M	555M	664M
Net Rental Expense, Total	4.7M	5.5M	4.5M	7.6M	8M
Imputed Operating Lease Interest Expense	1.01M	1.11M	945K	1.2M	3.78M
Imputed Operating Lease Depreciation	3.69M	4.39M	3.56M	6.4M	4.22M
Stock-Based Comp., Other (Total)	6.1M	3.3M	8.4M	10.2M	15M
Total Stock-Based Compensation	6.1M	3.3M	8.4M	10.2M	15M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	423M	481M	596M	1.06B	689M
Short Term Investments	200K	200K	200K	200K	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	423M	481M	597M	1.06B	689M
Accounts Receivable, Total	320M	198M	183M	428M	441M
Other Receivables	95.7M	138M	94.4M	203M	284M
Total Receivables	416M	336M	278M	631M	725M
Inventory	1.57B	1.22B	1.13B	2.38B	2.72B
Prepaid Expenses	118M	54.4M	55.6M	205M	148M
Other Current Assets, Total	166M	44.5M	29.4M	77M	70M
Total Current Assets	2.69B	2.13B	2.09B	4.35B	4.35B
Gross Property Plant And Equipment	1.64B	1.57B	1.55B	1.94B	2.12B
Accumulated Depreciation	-631M	-748M	-741M	-779M	-858M
Net Property Plant And Equipment	1.01B	827M	809M	1.16B	1.26B
Long-term Investments	11.2M	6M	9.7M	25.5M	22M
Goodwill	216M	119M	116M	270M	302M
Other Intangibles, Total	362M	331M	278M	904M	969M
Accounts Receivable Long-Term	12.6M	10.8M	11.5M	27.4M	24M
Deferred Tax Assets Long-Term	58.3M	68.6M	67.4M	80M	105M
Other Long-Term Assets, Total	105M	139M	172M	147M	110M
Total Assets	4.46B	3.63B	3.56B	6.96B	7.14B
Liabilities
Accounts Payable, Total	241M	148M	167M	418M	358M
Accrued Expenses, Total	301M	243M	321M	461M	564M
Short-term Borrowings	1.41B	1.02B	859M	1.44B	2.13B
Current Portion of Long-Term Debt	6.3M	-	-	532M	403M
Current Portion of Leases	56.8M	58.5M	56.5M	83.4M	81M
Current Income Taxes Payable	82.4M	65M	63M	88.2M	81M
Unearned Revenue Current, Total	60.3M	161M	172M	261M	264M
Other Current Liabilities	183M	122M	105M	430M	244M
Total Current Liabilities	2.34B	1.82B	1.74B	3.71B	4.12B
Long-Term Debt	270M	212M	210M	896M	638M
Long-Term Leases	296M	274M	268M	416M	359M
Unearned Revenue Non Current	4.3M	57.2M	53.4M	35.8M	61M
Pension & Other Post Retirement Benefits	69.2M	81.4M	53.1M	10.7M	17M
Deferred Tax Liability Non Current	96.7M	79.1M	68.1M	255M	267M
Other Non Current Liabilities	85.8M	30M	33.2M	72.7M	56M
Total Liabilities	3.16B	2.55B	2.43B	5.4B	5.52B
Common Stock, Total	40M	39.4M	38.5M	37.6M	42M
Additional Paid In Capital	147M	147M	147M	147M	147M
Retained Earnings	1.14B	985M	1.01B	818M	933M
Comprehensive Income and Other	-44.3M	-106M	-82.4M	531M	399M
Total Common Equity	1.28B	1.06B	1.11B	1.53B	1.52B
Minority Interest	20.3M	19.3M	21.6M	34.2M	99M
Total Equity	1.3B	1.08B	1.13B	1.57B	1.62B
Total Liabilities And Equity	4.46B	3.63B	3.56B	6.96B	7.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	398M	393M	384M	374M	412M
ECS Total Common Shares Outstanding	398M	393M	384M	374M	412M
Book Value / Share	3.21	2.71	2.89	4.1	3.69
Tangible Book Value	700M	614M	715M	359M	250M
Tangible Book Value Per Share	1.76	1.56	1.86	0.96	0.61
Total Debt	2.04B	1.56B	1.39B	3.36B	3.61B
Net Debt	1.62B	1.08B	796M	2.3B	2.92B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-9.5M	-19.6M	-82.2M	-93.1M	-67M
Debt Equivalent Oper. Leases	37.6M	44M	36M	60.8M	64M
Minority Interest, Total (Incl. Fin. Div)	20.3M	19.3M	21.6M	34.2M	99M
Equity Method Investments, Total	4.3M	2.4M	4.9M	22.2M	21M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	33.2M	45.7M	46.9M	82M	124M
Inventories - Finished Goods, Total	1.53B	1.17B	1.09B	2.29B	2.59B
Land - (BS)	763M	721M	675M	745M	842M
Machinery, Total	304M	267M	276M	387M	495M
Full Time Employees	17.33K	14.76K	14.55K	14.61K	21.44K
Accumulated Allowance for Doubtful Accounts (Supple)	8.7M	10.4M	11.6M	17.2M	17M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	323M	-140M	117M	-11.2M	270M
Depreciation & Amortization - CF	109M	89.3M	83.5M	99.8M	153M
Amortization of Goodwill and Intangible Assets - (CF)	-	-400K	200K	-10.1M	-
Depreciation & Amortization, Total	109M	88.9M	83.7M	89.7M	153M
Amortization of Deferred Charges, Total - (CF)	16M	18.8M	12.9M	20.4M	11M
(Gain) Loss From Sale Of Asset	-113M	-3.5M	63.1M	-20M	-16M
Asset Writedown & Restructuring Costs	30.8M	251M	28.9M	-6.4M	-11M
Stock-Based Compensation (CF)	6.1M	3.3M	8.4M	10.2M	15M
Net Cash From Discontinued Operations	-	-	-	20.5M	-
Other Operating Activities, Total	600K	-50.7M	10.4M	281M	36M
Change In Accounts Receivable	-29.4M	124M	29.7M	-141M	-9M
Change In Inventories	94.8M	351M	36.3M	-396M	-251M
Change In Accounts Payable	-122M	-413M	-22.3M	618M	415M
Change in Other Net Operating Assets	11.3M	24.3M	8.9M	27.9M	-20M
Cash from Operations	327M	255M	377M	494M	593M
Capital Expenditure	-44.9M	-27.4M	-48.5M	-64.2M	-88M
Sale of Property, Plant, and Equipment	15.7M	6.7M	24.6M	10M	31M
Cash Acquisitions	-41.2M	-31.5M	-20.2M	-395M	-137M
Divestitures	230M	71.8M	76.2M	-17M	1M
Sale (Purchase) of Intangible assets	-24.7M	-19.9M	-16.1M	-4.3M	-5M
Investment in Marketable and Equity Securities, Total	100K	2M	-2.6M	-6.2M	-1M
Net (Increase) Decrease in Loans Originated / Sold - Investing	600K	700K	2.3M	1.7M	3M
Other Investing Activities, Total	-	-	-2.5M	-200K	1M
Cash from Investing	136M	2.4M	13.2M	-475M	-195M
Short Term Debt Issued, Total	-	99.6M	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	498M
Total Debt Issued	-	99.6M	-	-	498M
Short Term Debt Repaid, Total	-	-99.6M	-	-	-
Long-Term Debt Repaid, Total	-263M	-124M	-72M	-67.7M	-647M
Total Debt Repaid	-263M	-223M	-72M	-67.7M	-647M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-109M	-32.1M	-86.7M	-73.3M	-19M
Common Dividends Paid	-110M	-	-52.2M	-88.7M	-128M
Common & Preferred Stock Dividends Paid	-110M	-	-52.2M	-88.7M	-128M
Other Financing Activities, Total	-5.8M	-4.3M	-1.8M	596M	-638M
Cash from Financing	-488M	-160M	-213M	366M	-934M
Foreign Exchange Rate Adjustments	-59.4M	-200K	-65M	76.7M	-74M
Net Change in Cash	-84.2M	97.1M	112M	461M	-610M
Supplemental Items
Cash Interest Paid	66.6M	46.1M	40.6M	47.4M	197M
Cash Income Tax Paid (Refund)	74.1M	51.8M	63.8M	94.9M	156M
Levered Free Cash Flow	438M	625M	422M	-679M	-141M
Unlevered Free Cash Flow	478M	654M	446M	-649M	-12.38M
Change In Net Working Capital	-182M	-486M	-242M	961M	519M
Net Debt Issued / Repaid	-263M	-124M	-72M	-67.7M	-149M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.89	2.56	4.55	4.93	5.96
Return on Total Capital	6.34	3.46	6.34	6.97	8.28
Return On Equity %	24.71	-11.52	11.12	17.42	17.76
Return on Common Equity	24.68	-11.96	10.88	17.41	17.68
Margin Analysis
Gross Profit Margin %	13.56	13.01	14.93	16.3	16.94
SG&A Margin	9.6	10.56	10.61	11.38	11.21
EBITDA Margin %	4.46	2.94	3.85	5.49	6.51
EBITA Margin %	4.01	2.42	3.42	4.98	5.88
EBIT Margin %	4.01	2.43	3.42	5.11	5.88
Income From Continuing Operations Margin %	3.5	-2.01	1.6	2.89	2.47
Net Income Margin %	3.44	-2.05	1.53	-0.14	2.36
Net Avail. For Common Margin %	3.44	-2.05	1.53	2.83	2.36
Normalized Net Income Margin	2.11	1.14	1.81	2.82	2.57
Levered Free Cash Flow Margin	4.67	9.15	5.52	-8.35	-1.23
Unlevered Free Cash Flow Margin	5.1	9.56	5.84	-7.98	-0.11
Asset Turnover
Asset Turnover	1.95	1.69	2.13	1.55	1.62
Fixed Assets Turnover	8.35	7.45	9.34	8.28	9.49
Receivables Turnover (Average Receivables)	29.03	26.41	40.14	26.55	26.35
Inventory Turnover (Average Inventory)	4.74	4.27	5.53	3.88	3.73
Short Term Liquidity
Current Ratio	1.15	1.17	1.2	1.17	1.06
Quick Ratio	0.36	0.45	0.5	0.46	0.34
Operating Cash Flow to Current Liabilities	0.14	0.14	0.22	0.13	0.14
Days Sales Outstanding (Average Receivables)	12.57	13.86	9.09	13.75	13.85
Days Outstanding Inventory (Average Inventory)	76.96	85.62	66.01	94.11	97.78
Average Days Payable Outstanding	10.88	12.72	8.94	13.26	14.38
Cash Conversion Cycle (Average Days)	78.65	86.76	66.17	94.61	97.25
Long Term Solvency
Total Debt/Equity	157.15	144.38	123.19	214.66	222.65
Total Debt / Total Capital	61.11	59.08	55.2	68.22	69.01
LT Debt/Equity