Cash flow Infineon Technologies AG

Equities

IFX

DE0006231004

Semiconductors

Market Closed - Xetra Other stock markets 11:35:18 2024-09-19 am EDT			5-day change	1st Jan Change
30.84 ^EUR	+2.19%		+5.40%	-18.43%

Sep. 19	UBS upgrades Infineon to 'Buy' - Target 44 euros	DP
Sep. 19	INFINEON TECHNOLOGIES AG : Buy rating from UBS	ZD

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Published financial data: INFINEON TECHNOLOGIES AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	8.03B	8.57B	11.06B	14.22B	16.31B
Total Revenues	8.03B	8.57B	11.06B	14.22B	16.31B
Cost of Goods Sold, Total	5.04B	5.76B	6.78B	8.08B	8.87B
Gross Profit	2.99B	2.8B	4.28B	6.14B	7.44B
Selling General & Admin Expenses, Total	865M	881M	1.14B	1.39B	1.43B
R&D Expenses	945M	1.1B	1.43B	1.79B	1.98B
Other Operating Expenses	-27M	-24M	-69M	-114M	-19M
Other Operating Expenses, Total	1.78B	1.95B	2.5B	3.06B	3.39B
Operating Income	1.21B	852M	1.78B	3.08B	4.05B
Interest Expense, Total	-62M	-130M	-155M	-142M	-158M
Interest And Investment Income	26M	29M	5M	11M	60M
Net Interest Expenses	-36M	-101M	-150M	-131M	-98M
Income (Loss) On Equity Invest.	-6M	-9M	9M	39M	27M
Other Non Operating Income (Expenses)	-9M	2M	-3M	-26M	44M
EBT, Excl. Unusual Items	1.16B	744M	1.63B	2.96B	4.02B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-39M	-301M	-272M	-210M	-214M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	20M	-	-	129M
Asset Writedown	-6M	-12M	-12M	-30M	-18M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-32M	-27M	-31M	-	-
EBT, Incl. Unusual Items	1.08B	424M	1.32B	2.72B	3.92B
Income Tax Expense	194M	52M	144M	537M	782M
Earnings From Continuing Operations	889M	372M	1.18B	2.19B	3.14B
Earnings Of Discontinued Operations	-19M	-4M	-6M	-7M	-2M
Net Income to Company	870M	368M	1.17B	2.18B	3.14B
Minority Interest	-	-	-	-	-
Net Income - (IS)	870M	368M	1.17B	2.18B	3.14B
Preferred Dividend and Other Adjustments	-	35M	26M	29M	29M
Net Income to Common Incl Extra Items	870M	333M	1.14B	2.15B	3.11B
Net Income to Common Excl. Extra Items	889M	337M	1.15B	2.16B	3.11B
Per Share Items
Net EPS - Basic	0.75	0.26	0.88	1.65	2.39
Basic EPS - Continuing Operations	0.76	0.27	0.88	1.66	2.39
Basic Weighted Average Shares Outstanding	1.16B	1.26B	1.3B	1.3B	1.3B
Net EPS - Diluted	0.75	0.26	0.88	1.64	2.38
Diluted EPS - Continuing Operations	0.76	0.26	0.88	1.65	2.38
Diluted Weighted Average Shares Outstanding	1.16B	1.27B	1.3B	1.3B	1.31B
Normalized Basic EPS	0.62	0.37	0.78	1.42	1.93
Normalized Diluted EPS	0.62	0.37	0.78	1.42	1.93
Dividend Per Share	0.27	0.22	0.27	0.32	0.35
Payout Ratio	35.06	91.3	24.47	16.11	13.29
Distributable Cash Payout Ratio (Income Trusts)	861.54	-4.25	22.3	25.3	39.38
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.11B	2B	3.16B	4.57B	5.63B
EBITA	1.31B	1.14B	2.22B	3.52B	4.49B
EBIT	1.21B	852M	1.78B	3.08B	4.05B
EBITDAR	2.18B	2B	3.17B	4.58B	5.65B
Effective Tax Rate - (Ratio)	17.91	12.26	10.92	19.72	19.94
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	135M	94M	152M	393M	626M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	59M	-42M	-8M	144M	156M
Normalized Net Income	725M	465M	1.02B	1.85B	2.52B
Distributable Cash	39M	-6.73B	1.57B	1.65B	1.16B
Interest on Long-Term Debt	-	5M	4M	5M	11M
Non-Cash Pension Expense	6M	5M	6M	8M	11M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.11B	1.28B	1.64B	2.25B	2.47B
Net Rental Expense, Total	68M	2M	9M	11M	16M
Imputed Operating Lease Interest Expense	21.84M	465K	1.56M	1.93M	3.62M
Imputed Operating Lease Depreciation	46.16M	1.54M	7.44M	9.07M	12.38M
Stock-Based Comp., Other (Total)	11M	14M	27M	62M	92M
Total Stock-Based Compensation	11M	14M	27M	62M	92M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.02B	1.85B	1.75B	1.44B	1.82B
Short Term Investments	571M	599M	1.11B	240M	-
Trading Asset Securities, Total	2.19B	777M	1.07B	2.04B	1.77B
Total Cash And Short Term Investments	3.78B	3.23B	3.92B	3.72B	3.59B
Accounts Receivable, Total	979M	1.29B	1.56B	1.97B	2.11B
Other Receivables	171M	148M	151M	144M	249M
Total Receivables	1.15B	1.44B	1.72B	2.12B	2.36B
Inventory	1.7B	2.05B	2.18B	3.08B	3.97B
Prepaid Expenses	92M	92M	106M	189M	497M
Other Current Assets, Total	602M	367M	327M	350M	276M
Total Current Assets	7.32B	7.18B	8.25B	9.45B	10.69B
Gross Property Plant And Equipment	12.62B	13.96B	15.22B	17.07B	18.31B
Accumulated Depreciation	-9.64B	-10.31B	-11.09B	-12.02B	-12.68B
Net Property Plant And Equipment	2.98B	3.64B	4.13B	5.05B	5.62B
Long-term Investments	29M	185M	185M	208M	322M
Goodwill	909M	5.9B	5.96B	7.08B	6.55B
Other Intangibles, Total	353M	2.98B	2.58B	2.59B	1.98B
Deferred Tax Assets Long-Term	599M	627M	695M	527M	268M
Deferred Charges Long-Term	543M	640M	772M	897M	997M
Other Long-Term Assets, Total	670M	845M	757M	1.11B	2.01B
Total Assets	13.41B	22B	23.33B	26.91B	28.44B
Liabilities
Accounts Payable, Total	1.09B	1.16B	1.57B	2.26B	2.76B
Accrued Expenses, Total	132M	317M	310M	341M	370M
Short-term Borrowings	-	329M	330M	-	-
Current Portion of Long-Term Debt	22M	242M	503M	752M	330M
Current Portion of Leases	-	59M	66M	76M	72M
Current Income Taxes Payable	144M	340M	288M	356M	418M
Unearned Revenue Current, Total	-	-	12M	26M	99M
Other Current Liabilities	657M	1B	1.36B	1.78B	1.62B
Total Current Liabilities	2.04B	3.45B	4.44B	5.59B	5.67B
Long-Term Debt	1.53B	6.53B	5.75B	4.91B	4.4B
Long-Term Leases	-	235M	265M	310M	309M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	733M	739M	617M	297M	268M
Deferred Tax Liability Non Current	20M	293M	324M	371M	254M
Other Non Current Liabilities	448M	535M	532M	492M	492M
Total Liabilities	4.78B	11.78B	11.93B	11.97B	11.4B
Common Stock, Total	2.5B	2.61B	2.61B	2.61B	2.61B
Additional Paid In Capital	5.49B	6.46B	6.51B	6.58B	6.68B
Retained Earnings	421M	435M	1.41B	3.51B	6.2B
Treasury Stock	-37M	-33M	-28M	-23M	-13M
Comprehensive Income and Other	254M	743M	897M	2.27B	1.56B
Total Common Equity	8.63B	10.22B	11.4B	14.94B	17.04B
Minority Interest	-	-	-	-	-
Total Equity	8.63B	10.22B	11.4B	14.94B	17.04B
Total Liabilities And Equity	13.41B	22B	23.33B	26.91B	28.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.24B	1.3B	1.3B	1.3B	1.3B
ECS Total Common Shares Outstanding	1.24B	1.3B	1.3B	1.3B	1.3B
Book Value / Share	6.94	6.93	7.84	10.55	12.15
Tangible Book Value	7.37B	1.34B	2.86B	5.28B	8.52B
Tangible Book Value Per Share	5.92	0.11	1.27	3.13	5.61
Total Debt	1.56B	7.39B	6.92B	6.05B	5.11B
Net Debt	-2.22B	4.17B	2.99B	2.33B	1.52B
Debt Equivalent of Unfunded Proj. Benefit Obligation	733M	739M	617M	297M	268M
Debt Equivalent Oper. Leases	544M	16M	72M	88M	128M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	29M	87M	71M	100M	114M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	205M	215M	279M	470M	612M
Inventories - Work In Process, Total	1.09B	1.34B	1.46B	1.95B	2.59B
Inventories - Finished Goods, Total	403M	496M	438M	662M	769M
Land - (BS)	1.66B	2B	2.3B	2.56B	2.63B
Machinery, Total	10.96B	11.68B	12.59B	14.1B	15.28B
Full Time Employees	41.42K	46.7K	50.29K	56.19K	58.59K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7M	5M	5M	6M	5M

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	870M	368M	1.17B	2.18B	3.14B
Depreciation & Amortization - CF	804M	919M	1B	1.13B	1.22B
Amortization of Goodwill and Intangible Assets - (CF)	98M	285M	443M	440M	438M
Depreciation & Amortization, Total	902M	1.2B	1.44B	1.57B	1.66B
Amortization of Deferred Charges, Total - (CF)	43M	56M	69M	94M	93M
(Gain) Loss From Sale Of Asset	-10M	-22M	-5M	-12M	-129M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	6M	12M	12M	24M	18M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	62M	92M
Net Cash From Discontinued Operations	-2M	-6M	2M	-6M	-2M
Other Operating Activities, Total	98M	35M	-16M	147M	239M
Change In Accounts Receivable	71M	46M	-279M	-307M	-185M
Change In Inventories	-239M	124M	-121M	-766M	-1.01B
Change In Accounts Payable	-109M	-71M	407M	640M	547M
Change in Other Net Operating Assets	-29M	65M	383M	355M	-497M
Cash from Operations	1.6B	1.81B	3.06B	3.98B	3.96B
Capital Expenditure	-1.3B	-915M	-1.27B	-2.05B	-2.74B
Sale of Property, Plant, and Equipment	15M	33M	14M	16M	123M
Cash Acquisitions	-123M	-7.43B	-19M	-36M	-22M
Divestitures	-	-1M	13M	-	91M
Sale (Purchase) of Intangible assets	-156M	-184M	-229M	-257M	-255M
Investment in Marketable and Equity Securities, Total	-929M	1.33B	-795M	-111M	538M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-2.49B	-7.17B	-2.28B	-2.44B	-2.26B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1M	9.82B	1.08B	500M	-
Total Debt Issued	1M	9.82B	1.08B	500M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-23M	-5.44B	-1.65B	-1.98B	-864M
Total Debt Repaid	-23M	-5.44B	-1.65B	-1.98B	-864M
Issuance of Common Stock	1.53B	2.23B	-	-	-
Repurchase of Common Stock	-	-20M	-39M	-39M	-39M
Common Dividends Paid	-305M	-336M	-286M	-351M	-417M
Common & Preferred Stock Dividends Paid	-305M	-336M	-286M	-351M	-417M
Other Financing Activities, Total	-36M	23M	2M	-2M	19M
Cash from Financing	1.17B	6.27B	-885M	-1.87B	-1.3B
Foreign Exchange Rate Adjustments	9M	-83M	2M	19M	-13M
Net Change in Cash	289M	830M	-102M	-311M	382M
Supplemental Items
Cash Interest Paid	67M	129M	148M	149M	128M
Cash Income Tax Paid (Refund)	125M	68M	180M	350M	533M
Levered Free Cash Flow	-577M	1.02B	1.4B	1.06B	426M
Unlevered Free Cash Flow	-538M	1.1B	1.5B	1.15B	525M
Change In Net Working Capital	800M	-391M	-346M	190M	859M
Net Debt Issued / Repaid	-22M	4.38B	-562M	-1.48B	-864M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.23	2.99	4.9	7.66	9.15
Return on Total Capital	8.33	3.83	6.19	9.8	11.74
Return On Equity %	11.79	3.95	10.87	16.6	19.63
Return on Common Equity	11.79	3.58	10.63	16.38	19.44
Margin Analysis
Gross Profit Margin %