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Balance Sheet Intertek Group plc

Equities

ITRK

GB0031638363

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:20 2025-02-11 am EST			5-day change	1st Jan Change
5,260.00 ^GBX	+3.14%		+4.06%	+11.25%

Jan. 24	Barclays raises Intertek; HSBC raises Greggs	AN
Jan. 24	Stocks rise, Japan interest rates do likewise	AN

67787c2b39c5e479766e4d0579468.3M8bCFaBmEs4eS7-ScIO8ziRsuI9L7jrm68LBGujSww.6eJVQiHIzQ9ZFmmpDK5Ft0vm27dsZPqZ_vtsSlLLeHvv-GE9M7TKPnEVdw

Published financial data: INTERTEK GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.99B	2.74B	2.79B	3.19B	3.33B
Total Revenues	2.99B	2.74B	2.79B	3.19B	3.33B
Cost of Goods Sold, Total	1.31B	1.2B	1.23B	1.36B	1.42B
Gross Profit	1.67B	1.54B	1.56B	1.83B	1.91B
Provision for Bad Debts	-	-	-	-	2.3M
Depreciation & Amortization - (IS)	172M	174M	169M	180M	175M
Other Operating Expenses	1B	969M	941M	1.17B	1.22B
Other Operating Expenses, Total	1.18B	1.14B	1.11B	1.35B	1.39B
Operating Income	496M	399M	444M	485M	518M
Interest Expense, Total	-35.5M	-28.9M	-26.7M	-39.8M	-44.4M
Interest And Investment Income	1.2M	1.1M	1.5M	2.2M	3.8M
Net Interest Expenses	-34.3M	-27.8M	-25.2M	-37.6M	-40.6M
Currency Exchange Gains (Loss)	-2.7M	-5.6M	2.3M	8.6M	-2.5M
Other Non Operating Income (Expenses)	-2.2M	-1.3M	-5.4M	-3M	-1.8M
EBT, Excl. Unusual Items	457M	365M	416M	453M	473M
Restructuring Charges	-13.3M	-19M	-	-27.4M	-22.4M
Merger & Related Restructuring Charges	-1.6M	-2.4M	-11.4M	-5.5M	-8.3M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	3.3M	600K	8.6M	-700K	-20M
EBT, Incl. Unusual Items	445M	344M	413M	420M	422M
Income Tax Expense	112M	81.3M	107M	113M	104M
Earnings From Continuing Operations	334M	263M	307M	307M	318M
Net Income to Company	334M	263M	307M	307M	318M
Minority Interest	-20.5M	-15.3M	-18.6M	-18M	-20.7M
Net Income - (IS)	313M	247M	288M	289M	297M
Net Income to Common Incl Extra Items	313M	247M	288M	289M	297M
Net Income to Common Excl. Extra Items	313M	247M	288M	289M	297M
Per Share Items
Net EPS - Basic	1.94	1.54	1.79	1.79	1.84
Basic EPS - Continuing Operations	1.94	1.54	1.79	1.79	1.84
Basic Weighted Average Shares Outstanding	161M	161M	161M	161M	161M
Net EPS - Diluted	1.93	1.52	1.78	1.78	1.83
Diluted EPS - Continuing Operations	1.93	1.52	1.78	1.78	1.83
Diluted Weighted Average Shares Outstanding	163M	162M	162M	162M	162M
Normalized Basic EPS	1.65	1.32	1.5	1.65	1.7
Normalized Diluted EPS	1.63	1.31	1.49	1.64	1.69
Dividend Per Share	1.06	1.06	1.06	1.06	1.12
Payout Ratio	52.12	68.9	59.22	59.07	59.28
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	613M	584M	624M	680M	708M
EBITA	525M	428M	474M	520M	552M
EBIT	496M	399M	444M	485M	518M
EBITDAR	635M	604M	641M	700M	729M
Effective Tax Rate - (Ratio)	25.05	23.64	25.81	26.92	24.67
Total Current Taxes	101M	91.1M	114M	111M	116M
Total Deferred Taxes	10.5M	-9.8M	-7.3M	2.3M	-11.8M
Normalized Net Income	265M	213M	242M	265M	275M
Interest on Long-Term Debt	9.1M	8.3M	9M	10.2M	10.8M
Non-Cash Pension Expense	-4.3M	600K	500K	300K	-600K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	34.7M	28M	27.1M	37.6M	38.7M
Net Rental Expense, Total	22.4M	20.3M	16.6M	19.7M	21.3M
Imputed Operating Lease Interest Expense	6.09M	4.81M	3.31M	4.69M	5.82M
Imputed Operating Lease Depreciation	16.31M	15.49M	13.29M	15.01M	15.48M
Stock-Based Comp., COGS (Total)	21.9M	17.7M	18.6M	17.5M	21.2M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	21.9M	17.7M	18.6M	17.5M	21.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	227M	204M	266M	322M	299M
Total Cash And Short Term Investments	227M	204M	266M	322M	299M
Accounts Receivable, Total	585M	529M	559M	620M	620M
Other Receivables	94.4M	78.2M	78.5M	91.3M	82M
Total Receivables	679M	607M	638M	711M	702M
Inventory	19.2M	15.5M	14.9M	16.9M	17.2M
Prepaid Expenses	34.4M	38.8M	45M	47.4M	53.2M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	960M	865M	963M	1.1B	1.07B
Gross Property Plant And Equipment	1.76B	1.69B	1.75B	1.94B	1.91B
Accumulated Depreciation	-1.12B	-1.1B	-1.11B	-1.25B	-1.24B
Net Property Plant And Equipment	644M	586M	642M	694M	670M
Long-term Investments	-	-	-	-	-
Goodwill	860M	836M	1.24B	1.42B	1.39B
Other Intangibles, Total	302M	280M	358M	363M	331M
Accounts Receivable Long-Term	-	-	-	13.1M	13.9M
Deferred Tax Assets Long-Term	51.9M	48.6M	39.3M	45M	36.4M
Other Long-Term Assets, Total	-	-	5.4M	29.7M	29.7M
Total Assets	2.82B	2.62B	3.25B	3.66B	3.54B
Liabilities
Accounts Payable, Total	164M	142M	153M	172M	205M
Accrued Expenses, Total	241M	248M	296M	308M	306M
Short-term Borrowings	14.4M	20.5M	1.9M	900K	700K
Current Portion of Long-Term Debt	224M	10.5M	460M	262M	96.8M
Current Portion of Leases	61.7M	61.4M	63.5M	70.6M	69.9M
Current Income Taxes Payable	57.2M	53.8M	59.1M	71M	60.5M
Unearned Revenue Current, Total	74.6M	103M	135M	157M	148M
Other Current Liabilities	63.2M	112M	96.6M	102M	94.8M
Total Current Liabilities	900M	751M	1.27B	1.14B	982M
Long-Term Debt	618M	593M	537M	797M	812M
Long-Term Leases	184M	163M	229M	252M	238M
Unearned Revenue Non Current	5.4M	2.6M	6.1M	6.6M	6.4M
Pension & Other Post Retirement Benefits	13.4M	12.1M	4M	2.2M	4.8M
Deferred Tax Liability Non Current	68.2M	59.7M	67.4M	99.2M	75.3M
Other Non Current Liabilities	43.9M	30.9M	26.3M	42.6M	59.5M
Total Liabilities	1.83B	1.61B	2.14B	2.34B	2.18B
Common Stock, Total	1.6M	1.6M	1.6M	1.6M	1.6M
Additional Paid In Capital	258M	258M	258M	258M	258M
Retained Earnings	728M	796M	925M	1.07B	1.19B
Comprehensive Income and Other	-31.2M	-80.8M	-102M	-41.3M	-128M
Total Common Equity	956M	975M	1.08B	1.28B	1.32B
Minority Interest	29.4M	28M	32.3M	34M	36.7M
Total Equity	985M	1B	1.11B	1.32B	1.36B
Total Liabilities And Equity	2.82B	2.62B	3.25B	3.66B	3.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	161M	161M	161M	161M	161M
ECS Total Common Shares Outstanding	161M	161M	161M	161M	161M
Book Value / Share	5.94	6.05	6.72	7.96	8.21
Tangible Book Value	-206M	-141M	-518M	-497M	-393M
Tangible Book Value Per Share	-1.28	-0.87	-3.21	-3.08	-2.44
Total Debt	1.1B	848M	1.29B	1.38B	1.22B
Net Debt	875M	644M	1.03B	1.06B	918M
Debt Equivalent of Unfunded Proj. Benefit Obligation	13.4M	12.1M	-1.4M	-19.1M	-17M
Debt Equivalent Oper. Leases	179M	162M	133M	158M	170M
Minority Interest, Total (Incl. Fin. Div)	29.4M	28M	32.3M	34M	36.7M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	323M	514M	577M	645M	634M
Machinery, Total	1.15B	1.15B	1.15B	1.27B	1.23B
Full Time Employees	45.65K	43.77K	44.06K	43.6K	43.91K
Accumulated Allowance for Doubtful Accounts (Supple)	20.6M	18.9M	13.8M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	313M	247M	288M	289M	297M
Depreciation & Amortization - CF	156M	157M	151M	160M	156M
Amortization of Goodwill and Intangible Assets - (CF)	29.1M	28.1M	29.3M	34.8M	34.2M
Depreciation & Amortization, Total	185M	185M	180M	195M	190M
Amortization of Deferred Charges, Total - (CF)	15.3M	17.4M	18.7M	20.3M	19.3M
(Gain) Loss From Sale Of Asset	-900K	-900K	100K	-400K	-3.2M
(Gain) Loss on Sale of Investments - (CF)	-1.8M	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	15.3M	2.6M
Stock-Based Compensation (CF)	21.9M	17.7M	18.6M	17.5M	21.2M
Other Operating Activities, Total	20.2M	4.5M	16.1M	19.4M	-2.1M
Change In Accounts Receivable	-25.6M	52.9M	-29.2M	-54.3M	-41.2M
Change In Inventories	-1.5M	3.5M	600K	-800K	-1.2M
Change In Accounts Payable	40.7M	36.8M	62M	61.1M	47.7M
Change in Other Net Operating Assets	-3.9M	-5.1M	-4.7M	-2M	4.3M
Cash from Operations	563M	559M	550M	560M	535M
Capital Expenditure	-117M	-79.8M	-97.1M	-116M	-117M
Sale of Property, Plant, and Equipment	2.5M	7.6M	1M	4.2M	11.5M
Cash Acquisitions	-17.5M	-500K	-492M	-63.2M	-43.2M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.1M	-	-	-	-
Other Investing Activities, Total	1.2M	1.1M	1.5M	2.2M	3.5M
Cash from Investing	-128M	-71.6M	-586M	-173M	-145M
Long-Term Debt Issued, Total	110M	280M	471M	477M	160M
Total Debt Issued	110M	280M	471M	477M	160M
Long-Term Debt Repaid, Total	-291M	-579M	-143M	-618M	-327M
Total Debt Repaid	-291M	-579M	-143M	-618M	-327M
Repurchase of Common Stock	-34.7M	-20.7M	-18.1M	-6.7M	-17.2M
Common Dividends Paid	-163M	-170M	-171M	-171M	-176M
Common & Preferred Stock Dividends Paid	-163M	-170M	-171M	-171M	-176M
Other Financing Activities, Total	-24.3M	-18.6M	-17M	-16.6M	-15.8M
Cash from Financing	-403M	-509M	123M	-335M	-376M
Foreign Exchange Rate Adjustments	-21.3M	-7.9M	-6M	5M	-35.8M
Net Change in Cash	9.8M	-29.6M	80.6M	56.7M	-22.1M
Supplemental Items
Cash Interest Paid	40.7M	34.8M	27M	37.5M	71.9M
Cash Income Tax Paid (Refund)	112M	91.6M	102M	107M	119M
Levered Free Cash Flow	378M	502M	426M	387M	417M
Unlevered Free Cash Flow	400M	521M	443M	412M	444M
Change In Net Working Capital	15.3M	-131M	-45.1M	7.9M	-7M
Net Debt Issued / Repaid	-181M	-299M	328M	-141M	-167M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.37	9.19	9.47	8.78	8.99
Return on Total Capital	15.57	12.67	13.05	11.88	12.27
Return On Equity %	35.23	26.41	28.97	25.23	23.76
Return on Common Equity	34.22	25.61	28.01	24.41	22.81
Margin Analysis
Gross Profit Margin %	55.99	56.26	55.81	57.35	57.45
EBITDA Margin %	20.52	21.3	22.41	21.31	21.27
EBITA Margin %	17.58	15.59	17	16.29	16.59
EBIT Margin %	16.6	14.57	15.95	15.2	15.56
Income From Continuing Operations Margin %	11.17	9.58	11.01	9.61	9.56
Net Income Margin %	10.48	9.02	10.34	9.04	8.93
Net Avail. For Common Margin %	10.48	9.02	10.34	9.04	8.93
Normalized Net Income Margin	8.87	7.76	8.67	8.31	8.26
Levered Free Cash Flow Margin	12.66	18.33	15.3	12.12	12.52
Unlevered Free Cash Flow Margin	13.4	18.99	15.9	12.9	13.35
Asset Turnover
Asset Turnover	1.1	1.01	0.95	0.92	0.92
Fixed Assets Turnover	5.5	4.46	4.54	4.78	4.88
Receivables Turnover (Average Receivables)	5.11	4.92	5.12	5.42	5.37
Inventory Turnover (Average Inventory)	70.12	69.12	81.01	85.64	83.06
Short Term Liquidity
Current Ratio	1.07	1.15	0.76	0.96	1.09
Quick Ratio	1.01	1.08	0.71	0.9	1.02
Operating Cash Flow to Current Liabilities	0.63	0.74	0.43	0.49	0.55
Days Sales Outstanding (Average Receivables)	71.46	74.32	71.24	67.37	67.96
Days Outstanding Inventory (Average Inventory)	5.21	5.29	4.51	4.26	4.39
Average Days Payable Outstanding	44.09	46.81	43.8	43.56	48.56
Cash Conversion Cycle (Average Days)	32.58	32.8	31.94	28.07	23.79
Long Term Solvency
Total Debt/Equity	111.93	84.55	115.9	104.83	89.53
Total Debt / Total Capital	52.81	45.81	53.68	51.18	47.24
LT Debt/Equity	81.42	75.33	68.74	79.57	77.22
Long-Term Debt / Total Capital	38.42	40.82	31.84	38.84	40.74
Total Liabilities / Total Assets	65.04	61.65	65.71	63.99	61.56
EBIT / Interest Expense	13.97	13.82	16.65	12.2	11.66
EBITDA / Interest Expense	19.19	20.21	23.39	17.1	15.95
(EBITDA - Capex) / Interest Expense	15.9	17.45	19.75	14.17	13.32
Total Debt / EBITDA	1.62	1.45	2.07	2.03