Balance Sheet Indra Sistemas, S.A.

Stocks

IDR

ES0118594417

IT Services & Consulting

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Published financial data: INDRA SISTEMAS, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.42B	3.88B	4.38B	4.91B	5.55B
Other Revenues, Total	10.42M	8.65M	10.16M	8.74M	14.57M
Total Revenues	3.44B	3.89B	4.39B	4.92B	5.57B
Cost of Goods Sold, Total	2.73B	2.97B	3.33B	3.69B	4.2B
Gross Profit	702M	922M	1.06B	1.23B	1.37B
Selling General & Admin Expenses, Total	31.57M	41.97M	48.3M	49.95M	55.03M
Depreciation & Amortization - (IS)	93.54M	99.85M	99.07M	107M	119M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	334M	479M	568M	637M	680M
Other Operating Expenses, Total	459M	620M	715M	794M	854M
Operating Income	243M	302M	348M	439M	518M
Interest Expense, Total	-35.81M	-29.05M	-34.71M	-33.36M	-45.75M
Net Interest Expenses	-35.81M	-29.05M	-34.71M	-33.36M	-45.75M
Income (Loss) On Equity Invest.	548K	-2.28M	-3.22M	-5.47M	-3.17M
Currency Exchange Gains (Loss)	-2.96M	-4.85M	-560K	-1.32M	-4.32M
Other Non Operating Income (Expenses)	-5.87M	-8.5M	-4.91M	-11.85M	122M
EBT, Excl. Unusual Items	199M	257M	305M	387M	587M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-303K	-527K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	13.07M	-650K	-965K	-309K	-281K
EBT, Incl. Unusual Items	211M	256M	304M	386M	586M
Income Tax Expense	65.41M	80.17M	94.9M	106M	147M
Earnings From Continuing Operations	146M	176M	209M	280M	439M
Net Income to Company	146M	176M	209M	280M	439M
Minority Interest	-2.66M	-3.69M	-2.94M	-2.74M	-3.15M
Net Income - (IS)	143M	172M	206M	278M	436M
Net Income to Common Incl Extra Items	143M	172M	206M	278M	436M
Net Income to Common Excl. Extra Items	143M	172M	206M	278M	436M
Per Share Items
Net EPS - Basic	0.81	0.97	1.17	1.58	2.48
Basic EPS - Continuing Operations	0.81	0.97	1.17	1.58	2.48
Basic Weighted Average Shares Outstanding	176M	176M	176M	176M	176M
Net EPS - Diluted	0.75	0.9	1.1	1.58	2.48
Diluted EPS - Continuing Operations	0.75	0.9	1.1	1.58	2.48
Diluted Weighted Average Shares Outstanding	193M	193M	189M	176M	176M
Normalized Basic EPS	0.69	0.89	1.06	1.36	2.07
Normalized Diluted EPS	0.63	0.81	0.99	1.36	2.07
Dividend Per Share	0.15	0.25	0.25	0.25	0.3
Payout Ratio	-	15.39	21.43	15.89	10.08
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	271M	332M	380M	475M	563M
EBITA	254M	315M	362M	455M	538M
EBIT	243M	302M	348M	439M	518M
EBITDAR	303M	374M	429M	525M	618M
Effective Tax Rate - (Ratio)	30.93	31.35	31.26	27.44	25.12
Total Current Taxes	62.68M	-	-	-	-
Total Deferred Taxes	2.73M	-	-	-	-
Normalized Net Income	122M	157M	187M	239M	363M
Interest on Long-Term Debt	22.55M	19.92M	17.23M	11.73M	8.69M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	259M	284M	352M	384M	387M
Net Rental Expense, Total	31.57M	41.97M	48.3M	49.95M	55.03M
Imputed Operating Lease Interest Expense	5.36M	7.37M	14.17M	17.91M	16.69M
Imputed Operating Lease Depreciation	26.21M	34.6M	34.13M	32.04M	38.34M
Maintenance & Repair Expenses, Total	23.04M	22.79M	25.5M	34.89M	48.16M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.24B	933M	596M	555M	976M
Short Term Investments	2.11M	682K	547K	898K	25.65M
Total Cash And Short Term Investments	1.24B	934M	596M	556M	1B
Accounts Receivable, Total	1.18B	1.35B	1.4B	1.41B	2.55B
Other Receivables	129M	144M	222M	244M	377M
Total Receivables	1.31B	1.49B	1.63B	1.66B	2.93B
Inventory	160M	225M	291M	318M	284M
Other Current Assets, Total	50.01M	77.97M	80.93M	285M	265M
Total Current Assets	2.76B	2.73B	2.59B	2.82B	4.48B
Gross Property Plant And Equipment	599M	628M	699M	776M	3.44B
Accumulated Depreciation	-422M	-453M	-481M	-531M	-2.13B
Net Property Plant And Equipment	177M	175M	218M	245M	1.31B
Long-term Investments	36.85M	33.82M	211M	149M	418M
Goodwill	921M	946M	996M	1.04B	1.44B
Other Intangibles, Total	274M	253M	264M	250M	460M
Accounts Receivable Long-Term	70.09M	78.74M	138M	175M	828M
Loans Receivable Long-Term	8.56M	8.52M	6.85M	7.32M	8.15M
Deferred Tax Assets Long-Term	182M	161M	118M	104M	43.33M
Other Long-Term Assets, Total	108M	149M	176M	164M	147M
Total Assets	4.54B	4.54B	4.72B	4.96B	9.13B
Liabilities
Accounts Payable, Total	499M	570M	616M	697M	1.02B
Accrued Expenses, Total	280M	306M	379M	359M	423M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	39.43M	275M	224M	186M	386M
Current Portion of Leases	26.2M	28.28M	24.83M	26.84M	31.13M
Current Income Taxes Payable	25.02M	27.1M	38.35M	21.9M	25.25M
Other Current Liabilities	904M	981M	1.01B	1.17B	1.74B
Total Current Liabilities	1.77B	2.19B	2.29B	2.46B	3.62B
Long-Term Debt	1.44B	700M	479M	343M	1.2B
Long-Term Leases	80.35M	62.08M	99.15M	106M	137M
Unearned Revenue Non Current	27.43M	25.66M	43.39M	54.15M	135M
Pension & Other Post Retirement Benefits	20.02M	19.92M	11.38M	34.87M	34.97M
Deferred Tax Liability Non Current	2.19M	3.17M	4.14M	3.94M	58.62M
Other Non Current Liabilities	354M	532M	659M	641M	1.96B
Total Liabilities	3.69B	3.53B	3.59B	3.64B	7.14B
Common Stock, Total	35.33M	35.33M	35.33M	35.33M	35.33M
Additional Paid In Capital	524M	524M	524M	524M	524M
Retained Earnings	430M	513M	597M	718M	928M
Treasury Stock	-6.99M	-7.44M	-33.79M	-12.64M	-65.16M
Comprehensive Income and Other	-162M	-77.56M	-4.38M	32.9M	312M
Total Common Equity	820M	987M	1.12B	1.3B	1.73B
Minority Interest	20.97M	17.57M	18.46M	17.55M	259M
Total Equity	841M	1B	1.14B	1.31B	1.99B
Total Liabilities And Equity	4.54B	4.54B	4.72B	4.96B	9.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	176M	176M	174M	176M	176M
ECS Total Common Shares Outstanding	176M	176M	174M	176M	176M
Book Value / Share	4.66	5.6	6.41	7.37	9.87
Tangible Book Value	-375M	-212M	-143M	3.22M	-169M
Tangible Book Value Per Share	-2.13	-1.2	-0.82	0.02	-0.96
Total Debt	1.58B	1.07B	827M	662M	1.75B
Net Debt	345M	132M	230M	106M	749M
Debt Equivalent Oper. Leases	253M	336M	386M	400M	440M
Minority Interest, Total (Incl. Fin. Div)	20.97M	17.57M	18.46M	17.55M	259M
Equity Method Investments, Total	23.65M	20.12M	16.9M	14.68M	47.88M
Account Code - Inventory Valuation	5	5	5	5	3
Inventories - Raw Materials, Total	50.29M	107M	181M	184M	209M
Inventories - Work In Process, Total	111M	123M	115M	143M	74.48M
Inventories - Finished Goods, Total	1.1M	1.71M	2.81M	2.24M	9.87M
Land - (BS)	6.95M	6.95M	7.47M	7.65M	8.42M
Buildings, Total	36.9M	36.87M	41.62M	45.04M	74.27M
Machinery, Total	156M	172M	170M	157M	186M
Full Time Employees	52.08K	56.74K	57.76K	57.76K	59.9K
Part Time Employees	-	-	-	3.14K	2.5K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	74.75M	79.43M	75.81M	76.61M	83.36M
Order Backlog	5.46B	6.31B	6.78B	7.24B	16.08B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	143M	172M	206M	278M	436M
Depreciation & Amortization - CF	47.5M	45.51M	45.56M	49.8M	54.13M
Amortization of Goodwill and Intangible Assets - (CF)	11.58M	13.22M	14.5M	16.42M	20.36M
Depreciation & Amortization, Total	59.08M	58.73M	60.06M	66.22M	74.49M
Amortization of Deferred Charges, Total - (CF)	34.46M	41.12M	39.01M	40.73M	44.55M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	303K	527K	-	-	-
Asset Writedown & Restructuring Costs	-13.07M	650K	965K	309K	281K
(Income) Loss On Equity Investments - (CF)	-548K	2.28M	3.22M	5.47M	3.17M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	65.72M	100M	56.43M	66.07M	-105M
Change In Accounts Receivable	15.36M	-8.76M	53.95M	121M	-319M
Change In Inventories	78.89M	-102M	-116M	-126M	-150M
Change In Accounts Payable	-36.79M	65.42M	26.06M	78.86M	300M
Change in Other Net Operating Assets	-2.13M	20.01M	50.49M	-79.76M	232M
Cash from Operations	345M	350M	380M	451M	516M
Capital Expenditure	-14.14M	-24.29M	-22.99M	-23.56M	-44.08M
Sale of Property, Plant, and Equipment	40M	-	-	260K	-
Sale (Purchase) of Intangible assets	-35.01M	-29.83M	-39.72M	-87.44M	-93.7M
Investment in Marketable and Equity Securities, Total	-41.44M	-27.15M	-284M	-31.42M	-808M
Other Investing Activities, Total	23.82M	26M	72.6M	60.24M	71.44M
Cash from Investing	-26.77M	-55.27M	-274M	-81.91M	-874M
Long-Term Debt Issued, Total	71.92M	37.27M	-	-	1.07B
Total Debt Issued	71.92M	37.27M	-	-	1.07B
Long-Term Debt Repaid, Total	-265M	-538M	-285M	-186M	-156M
Total Debt Repaid	-265M	-538M	-285M	-186M	-156M
Issuance of Common Stock	105M	120M	92.53M	121M	547M
Repurchase of Common Stock	-110M	-123M	-125M	-150M	-578M
Common Dividends Paid	-	-26.46M	-44.09M	-44.1M	-43.92M
Common & Preferred Stock Dividends Paid	-	-26.46M	-44.09M	-44.1M	-43.92M
Other Financing Activities, Total	-71.52M	-76.05M	-77.98M	-75.05M	-88.76M
Cash from Financing	-269M	-606M	-440M	-334M	754M
Foreign Exchange Rate Adjustments	1.51M	8.64M	-2.92M	-15.02M	-12.36M
Miscellaneous Cash Flow Adjustments	-	-	-	-60.84M	37.12M
Net Change in Cash	50.17M	-302M	-337M	-40.59M	421M
Supplemental Items
Cash Interest Paid	36.68M	37.08M	44.31M	44.66M	55.72M
Cash Income Tax Paid (Refund)	46M	56.27M	78.41M	85.16M	133M
Levered Free Cash Flow	32.56M	115M	189M	189M	21.39M
Unlevered Free Cash Flow	54.94M	133M	211M	210M	49.99M
Change In Net Working Capital	141M	101M	43.24M	60.52M	255M
Net Debt Issued / Repaid	-193M	-501M	-285M	-186M	918M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.37	4.16	4.7	5.66	4.59
Return on Total Capital	6.19	8.39	10.78	13.92	11.31
Return On Equity %	19.15	19.03	19.5	22.87	26.54
Return on Common Equity	19.31	19.02	19.55	22.99	28.75
Margin Analysis
Gross Profit Margin %	20.44	23.71	24.2	25.03	24.63
SG&A Margin	0.92	1.08	1.1	1.01	0.99
EBITDA Margin %	7.9	8.53	8.65	9.66	10.12
EBITA Margin %	7.4	8.1	8.25	9.24	9.66
EBIT Margin %	7.07	7.76	7.92	8.91	9.3
Income From Continuing Operations Margin %	4.25	4.51	4.75	5.69	7.88
Net Income Margin %	4.17	4.42	4.68	5.64	7.83
Net Avail. For Common Margin %	4.17	4.42	4.68	5.64	7.83
Normalized Net Income Margin	3.54	4.03	4.26	4.85	6.53
Levered Free Cash Flow Margin	0.95	2.96	4.3	3.83	0.38
Unlevered Free Cash Flow Margin	1.6	3.42	4.79	4.26	0.9
Asset Turnover
Asset Turnover	0.76	0.86	0.95	1.02	0.79
Fixed Assets Turnover	17.5	22.09	22.34	21.27	7.17
Receivables Turnover (Average Receivables)	2.98	3.07	3.18	3.49	2.8
Inventory Turnover (Average Inventory)	17.24	15.45	12.93	12.11	13.94
Short Term Liquidity
Current Ratio	1.55	1.25	1.13	1.15	1.24
Quick Ratio	1.44	1.11	0.97	0.9	1.08
Operating Cash Flow to Current Liabilities	0.19	0.16	0.17	0.18	0.14
Days Sales Outstanding (Average Receivables)	122.34	119	114.64	104.97	130.32
Days Outstanding Inventory (Average Inventory)	21.17	23.62	28.24	30.21	26.19
Average Days Payable Outstanding	68.41	64.35	63.73	64.66	75.33
Cash Conversion Cycle (Average Days)	75.1	78.27	79.14	70.52	81.19
Long Term Solvency
Total Debt/Equity	188.08	106.11	72.76	50.34	87.88
Total Debt / Total Capital	65.29	51.48	42.12	33.49	46.77
LT Debt/Equity	180.27	75.9	50.9	34.13	66.95
Long-Term Debt / Total Capital	62.58	36.83	29.46	22.7	35.64
Total Liabilities / Total Assets	81.45	77.85	75.95	73.47	78.18
EBIT / Interest Expense	6.78	10.38	10.03	13.15	11.31
EBITDA / Interest Expense	8.43	12.4	11.76	15.13	12.94
(EBITDA - Capex) / Interest Expense	8.03	11.57	11.09	14.43	11.98
Total Debt / EBITDA	5.24	2.96	2.03	1.31	2.96
Net Debt / EBITDA	1.14	0.37	0.56	0.21	1.27
Total Debt / (EBITDA - Capex)	5.5	3.17	2.15	1.38	3.2
Net Debt / (EBITDA - Capex)	1.2	0.39	0.6	0.22	1.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.63	13.23	12.98	12	13.14
Gross Profit, 1 Yr. Growth %	38.52	31.32	15.33	15.86	11.3
EBITDA, 1 Yr. Growth %	446.92	22.15	14.54	25.04	18.48
EBITA, 1 Yr. Growth %	774.88	23.79	15.12	25.53	18.24
EBIT, 1 Yr. Growth %	1.33K	24.25	15.36	26.04	18.03
Earnings From Cont. Operations, 1 Yr. Growth %	-354.12	20.24	18.85	34.3	56.62
Net Income, 1 Yr. Growth %	-320.05	19.9	19.7	34.89	57.03
Normalized Net Income, 1 Yr. Growth %	-658.31	29.12	19.45	27.46	52.15
Diluted EPS Before Extra, 1 Yr. Growth %	-304.02	19.53	22.1	43.52	57.04
Accounts Receivable, 1 Yr. Growth %	5.85	14.36	4	0.71	80.48
Inventory, 1 Yr. Growth %	1.29	40.75	29.49	9.49	-10.84
Net Property, Plant and Equip., 1 Yr. Growth %	-17.99	-0.97	24.53	12.13	434.67
Total Assets, 1 Yr. Growth %	1.62	0.01	4.13	4.94	84.33
Tangible Book Value, 1 Yr. Growth %	-25.49	-43.57	-32.61	-102.25	-5.35K
Common Equity, 1 Yr. Growth %	23.37	20.34	13.22	16.08	33.69
Cash From Operations, 1 Yr. Growth %	75.97	1.63	8.35	18.81	14.49
Capital Expenditures, 1 Yr. Growth %	-26.54	71.73	-5.34	2.5	87.07
Levered Free Cash Flow, 1 Yr. Growth %	-76.48	253.3	64.21	-0.11	-88.66
Unlevered Free Cash Flow, 1 Yr. Growth %	-66.06	142.42	58.11	-0.5	-76.14
Dividend Per Share, 1 Yr. Growth %	-	66.67	0	0	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.28	11.92	13.1	12.49	12.57
Gross Profit, 2 Yr. CAGR %	-3.85	34.87	23.06	15.59	13.55
EBITDA, 2 Yr. CAGR %	3.52	158.47	18.35	19.68	21.72
EBITA, 2 Yr. CAGR %	4.37	229.09	19.38	20.21	21.83
EBIT, 2 Yr. CAGR %	4.39	321.16	19.72	20.58	21.97
Earnings From Cont. Operations, 2 Yr. CAGR %	7.61	74.8	19.54	26.34	45.03
Net Income, 2 Yr. CAGR %	8.69	62.43	19.8	27.07	45.54
Normalized Net Income, 2 Yr. CAGR %	5.99	168.5	24.19	23.39	39.26
Diluted EPS Before Extra, 2 Yr. CAGR %	8.6	56.16	20.81	32.38	50.13
Accounts Receivable, 2 Yr. CAGR %	7.29	10.02	9.05	2.34	34.82
Inventory, 2 Yr. CAGR %	-36.94	19.4	35.01	19.07	-1.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-15.33	-9.88	11.05	18.17	144.85
Total Assets, 2 Yr. CAGR %	2.5	0.81	2.05	4.53	39.08
Tangible Book Value, 2 Yr. CAGR %	-11.61	-35.16	-38.33	-87.67	8.79
Common Equity, 2 Yr. CAGR %	2.72	21.85	16.73	14.64	24.57
Cash From Operations, 2 Yr. CAGR %	51.83	33.73	4.94	13.46	16.63
Capital Expenditures, 2 Yr. CAGR %	-32.26	12.32	27.5	-1.5	38.47
Levered Free Cash Flow, 2 Yr. CAGR %	7.14	-8.83	140.86	28.07	-66.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.85	-9.3	95.78	25.42	-51.28
Dividend Per Share, 2 Yr. CAGR %	-	-	29.1	0	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.63	5.8	12.27	12.73	12.7
Gross Profit, 3 Yr. CAGR %	-4.33	6.67	28.01	20.61	14.14
EBITDA, 3 Yr. CAGR %	5.28	9.39	97.13	20.54	19.28
EBITA, 3 Yr. CAGR %	6.8	10.48	131.88	21.39	19.55
EBIT, 3 Yr. CAGR %	6.97	10.63	173.52	21.79	19.72
Earnings From Cont. Operations, 3 Yr. CAGR %	6.11	11.67	53.71	24.27	35.72
Net Income, 3 Yr. CAGR %	6.18	12.3	46.71	24.63	36.36
Normalized Net Income, 3 Yr. CAGR %	6.95	13.2	104.97	25.27	32.32
Diluted EPS Before Extra, 3 Yr. CAGR %	6.48	12.13	43.87	27.95	40.13
Accounts Receivable, 3 Yr. CAGR %	7.25	9.6	7.98	6.2	23.65
Inventory, 3 Yr. CAGR %	-20.01	-17.59	22.67	25.9	8.13
Net Property, Plant and Equip., 3 Yr. CAGR %	17.74	-10.79	0.38	11.41	95.45
Total Assets, 3 Yr. CAGR %	3.92	1.66	1.9	3	26.29
Tangible Book Value, 3 Yr. CAGR %	-10.8	-23.89	-34.32	-79.53	-7.26
Common Equity, 3 Yr. CAGR %	7.68	8.29	18.9	16.51	20.67
Cash From Operations, 3 Yr. CAGR %	9.29	32.82	24.67	9.37	13.8
Capital Expenditures, 3 Yr. CAGR %	-16.94	-7.63	6.09	18.55	21.98
Levered Free Cash Flow, 3 Yr. CAGR %	-49.89	59.47	10.92	79.62	-42.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-41.71	39.53	9.16	56.24	-27.87
Dividend Per Share, 3 Yr. CAGR %	-	-	-	18.56	6.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.69	4.93	6.7	8.43	12.39
Gross Profit, 5 Yr. CAGR %	0.48	4.16	5.81	10.16	22.02
EBITDA, 5 Yr. CAGR %	7.73	7.94	10.32	13.42	62.55
EBITA, 5 Yr. CAGR %	8.99	9.11	11.66	14.27	79.25
EBIT, 5 Yr. CAGR %	8.29	8.92	11.9	14.51	98.01
Earnings From Cont. Operations, 5 Yr. CAGR %	15.72	6.35	11.29	17.32	50.18
Net Income, 5 Yr. CAGR %	15.44	6.26	11.43	17.99	46.24
Normalized Net Income, 5 Yr. CAGR %	9.29	9.78	13.54	17.17	75.61
Diluted EPS Before Extra, 5 Yr. CAGR %	12.8	6.05	12	19.82	46.34
Accounts Receivable, 5 Yr. CAGR %	-0.15	2.12	7.97	6.64	18
Inventory, 5 Yr. CAGR %	18.13	20.25	-1.38	-4.52	12.5
Net Property, Plant and Equip., 5 Yr. CAGR %	11.33	10.97	15.02	-0.17	43.4
Total Assets, 5 Yr. CAGR %	6.36	3.24	3.17	2.8	15.4
Tangible Book Value, 5 Yr. CAGR %	-0.86	-16.56	-23.04	-63.25	-19.63
Common Equity, 5 Yr. CAGR %	17.58	9.35	11.21	10.79	21.14
Cash From Operations, 5 Yr. CAGR %	7.76	7.19	7.53	24.71	21.39
Capital Expenditures, 5 Yr. CAGR %	9.36	11.87	-1.41	-5.23	18.02
Levered Free Cash Flow, 5 Yr. CAGR %	-32.26	-10.78	-6.1	46.08	-31.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-26.05	-9.74	-5.37	33.71	-20.95