Balance Sheet James Hardie Industries plc

Equities

JHX

AU000000JHX1

Construction Materials

Market Closed - Australian S.E. Other stock markets 12:10:12 2025-01-24 am EST			5-day change	1st Jan Change
53.06 ^AUD	-2.19%		-1.06%	+5.97%

Dec. 17	Higher Input Commodity Costs Weigh on James Hardie Industries' Earnings Guidance, Jarden Research Says	MT
Dec. 17	Jarden Research Adjusts James Hardie Industries' Price Target to AU$56 from AU$54, Keeps at Overweight	MT

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Published financial data: JAMES HARDIE INDUSTRIES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	2.61B	2.91B	3.61B	3.78B	3.94B
Total Revenues	2.61B	2.91B	3.61B	3.78B	3.94B
Cost of Goods Sold, Total	1.67B	1.86B	2.3B	2.47B	2.35B
Gross Profit	936M	1.05B	1.31B	1.31B	1.59B
Selling General & Admin Expenses, Total	416M	390M	461M	494M	602M
R&D Expenses	32.8M	34.3M	38M	39.6M	47M
Other Operating Expenses, Total	449M	424M	499M	534M	649M
Operating Income	488M	630M	815M	778M	939M
Interest Expense, Total	-57.5M	-48.5M	-40.3M	-37M	-36.4M
Interest And Investment Income	3.1M	700K	1M	6.3M	21.1M
Net Interest Expenses	-54.4M	-47.8M	-39.3M	-30.7M	-15.3M
Currency Exchange Gains (Loss)	69.8M	-111M	7.9M	21.4M	1.9M
Other Non Operating Income (Expenses)	-134M	-34.5M	-145M	-45.7M	-154M
EBT, Excl. Unusual Items	370M	436M	638M	723M	772M
Restructuring Charges	-84.4M	-11.1M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-2.8M	-2M	-400K	-	-20.1M
Insurance Settlements	5.7M	2M	5.3M	100K	3.1M
Other Unusual Items	-	-13.1M	-	-	-
EBT, Incl. Unusual Items	288M	412M	643M	724M	755M
Income Tax Expense	46.5M	149M	184M	212M	245M
Earnings From Continuing Operations	242M	263M	459M	512M	510M
Net Income to Company	242M	263M	459M	512M	510M
Net Income - (IS)	242M	263M	459M	512M	510M
Net Income to Common Incl Extra Items	242M	263M	459M	512M	510M
Net Income to Common Excl. Extra Items	242M	263M	459M	512M	510M
Per Share Items
Net EPS - Basic	0.55	0.59	1.03	1.15	1.16
Basic EPS - Continuing Operations	0.55	0.59	1.03	1.15	1.16
Basic Weighted Average Shares Outstanding	443M	444M	445M	445M	438M
Net EPS - Diluted	0.54	0.59	1.03	1.15	1.16
Diluted EPS - Continuing Operations	0.54	0.59	1.03	1.15	1.16
Diluted Weighted Average Shares Outstanding	444M	445M	446M	446M	440M
Normalized Basic EPS	0.52	0.61	0.9	1.02	1.1
Normalized Diluted EPS	0.52	0.61	0.89	1.01	1.1
Dividend Per Share	0.1	-	0.7	-	-
Payout Ratio	65.67	-	105.42	25.31	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	619M	765M	976M	951M	1.12B
EBITA	491M	632M	818M	782M	944M
EBIT	488M	630M	815M	778M	939M
EBITDAR	639M	784M	1B	974M	1.15B
Effective Tax Rate - (Ratio)	16.15	36.21	28.61	29.23	32.41
Current Domestic Taxes	31.1M	38.5M	44.4M	42.9M	38.7M
Current Foreign Taxes	-39.8M	-8.6M	53.9M	81.4M	133M
Total Current Taxes	-8.7M	29.9M	98.3M	124M	172M
Deferred Domestic Taxes	4.5M	1.4M	9.4M	11.8M	17.3M
Deferred Foreign Taxes	50.7M	118M	76.3M	75.4M	55.6M
Total Deferred Taxes	55.2M	119M	85.7M	87.2M	72.9M
Normalized Net Income	231M	273M	399M	452M	482M
Interest Capitalized	9.5M	9.5M	1.9M	8.5M	19.5M
Interest on Long-Term Debt	100K	100K	100K	200K	200K
Supplemental Operating Expense Items
Advertising Expense	-	-	53.7M	83.1M	111M
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	35.8M	37.2M	42.1M	41.8M	47M
Net Rental Expense, Total	19.5M	19.1M	23.3M	23.4M	26.9M
Imputed Operating Lease Interest Expense	7.49M	7.59M	8.38M	8.13M	10.26M
Imputed Operating Lease Depreciation	12.01M	11.51M	14.92M	15.27M	16.64M
Stock-Based Comp., SG&A Exp. (Total)	13.1M	39.7M	12.2M	18.4M	45.5M
Total Stock-Based Compensation	13.1M	39.7M	12.2M	18.4M	45.5M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	144M	208M	125M	113M	365M
Total Cash And Short Term Investments	144M	208M	125M	113M	365M
Accounts Receivable, Total	264M	291M	333M	299M	313M
Other Receivables	104M	49.2M	73.3M	63M	58.5M
Total Receivables	368M	340M	406M	362M	371M
Inventory	305M	218M	280M	344M	338M
Prepaid Expenses	20.3M	38.9M	43.2M	41M	68.2M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	41.4M	110M	147M	72.6M	50.8M
Other Current Assets, Total	28.9M	28.2M	123M	143M	235M
Total Current Assets	908M	944M	1.12B	1.08B	1.43B
Gross Property Plant And Equipment	2.33B	2.51B	2.72B	3.26B	3.57B
Accumulated Depreciation	-949M	-1.09B	-1.21B	-1.36B	-1.46B
Net Property Plant And Equipment	1.38B	1.42B	1.52B	1.9B	2.1B
Goodwill	197M	209M	200M	195M	193M
Other Intangibles, Total	167M	174M	163M	155M	149M
Deferred Tax Assets Long-Term	1.31B	1.27B	1.18B	1.05B	984M
Other Long-Term Assets, Total	63.9M	66.6M	60.5M	98.7M	56.3M
Total Assets	4.03B	4.09B	4.24B	4.48B	4.91B
Liabilities
Accounts Payable, Total	151M	174M	274M	198M	252M
Accrued Expenses, Total	97.2M	199M	251M	241M	281M
Current Portion of Long-Term Debt	-	-	-	-	7.5M
Current Portion of Leases	14.8M	8.8M	13.6M	18.9M	20.2M
Current Income Taxes Payable	8.9M	6.6M	9.5M	15.4M	13M
Other Current Liabilities	238M	513M	223M	224M	224M
Total Current Liabilities	510M	901M	770M	697M	798M
Long-Term Debt	1.35B	859M	877M	1.06B	1.12B
Long-Term Leases	42.9M	55.2M	64.6M	62.5M	61.5M
Deferred Tax Liability Non Current	81.9M	86.3M	86.9M	93.6M	108M
Other Non Current Liabilities	1B	1.13B	1.11B	955M	972M
Total Liabilities	2.99B	3.03B	2.91B	2.87B	3.05B
Common Stock, Total	231M	231M	232M	230M	225M
Additional Paid In Capital	207M	225M	230M	238M	256M
Retained Earnings	660M	611M	892M	1.2B	1.45B
Comprehensive Income and Other	-62.1M	-6.6M	-22M	-53.3M	-68.3M
Total Common Equity	1.04B	1.06B	1.33B	1.61B	1.86B
Total Equity	1.04B	1.06B	1.33B	1.61B	1.86B
Total Liabilities And Equity	4.03B	4.09B	4.24B	4.48B	4.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	443M	444M	445M	442M	434M
ECS Total Common Shares Outstanding	443M	444M	445M	442M	434M
Book Value / Share	2.34	2.39	2.99	3.65	4.29
Tangible Book Value	672M	678M	971M	1.26B	1.52B
Tangible Book Value Per Share	1.52	1.53	2.18	2.85	3.5
Total Debt	1.41B	923M	956M	1.14B	1.2B
Net Debt	1.27B	714M	830M	1.03B	839M
Debt Equivalent Oper. Leases	156M	153M	186M	187M	215M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	87M	60.4M	82.1M	93.9M	90.6M
Inventories - Work In Process, Total	8.1M	17.9M	16.2M	23M	25.1M
Inventories - Finished Goods, Total	224M	150M	187M	238M	235M
Land - (BS)	79M	85.2M	83.6M	79.8M	99M
Buildings, Total	432M	513M	531M	568M	577M
Machinery, Total	1.51B	1.78B	1.88B	2.04B	2.15B
Full Time Employees	4.87K	4.86K	5K	5.47K	5.68K
Accumulated Allowance for Doubtful Accounts (Supple)	4.4M	6.1M	3.4M	2.6M	8.5M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	242M	263M	459M	512M	510M
Depreciation & Amortization - CF	128M	132M	158M	169M	181M
Amortization of Goodwill and Intangible Assets - (CF)	3.1M	2.6M	3.5M	3.8M	4.3M
Depreciation & Amortization, Total	132M	135M	162M	173M	185M
(Gain) Loss From Sale Of Asset	-	-	-	-12.7M	-2M
Asset Writedown & Restructuring Costs	77.4M	-	-	-	20.1M
Stock-Based Compensation (CF)	10.3M	18M	9M	15.7M	28.2M
Tax Benefit from Stock Options	-400K	-3.5M	-2.4M	-200K	-600K
Other Operating Activities, Total	158M	280M	222M	132M	245M
Change In Accounts Receivable	-119M	46.4M	-70.9M	32.1M	-19.7M
Change In Inventories	3.2M	98.7M	-64.3M	-70.8M	3.4M
Change In Accounts Payable	45.1M	25M	137M	-63.2M	47.4M
Change In Income Taxes	-11M	-14.7M	200K	5.5M	-4.9M
Change in Other Net Operating Assets	-85.3M	-60.9M	-94.4M	-115M	-98.3M
Cash from Operations	451M	787M	757M	608M	914M
Capital Expenditure	-203M	-120M	-260M	-600M	-469M
Sale of Property, Plant, and Equipment	8M	1.6M	-	14.1M	4.2M
Cash Acquisitions	-	-	-	-	-
Other Investing Activities, Total	-8.5M	-1.8M	-88.5M	-74.4M	-5.9M
Cash from Investing	-204M	-120M	-348M	-660M	-470M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	330M	-	390M	450M	395M
Total Debt Issued	330M	-	390M	450M	395M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-350M	-531M	-351M	-262M	-328M
Total Debt Repaid	-350M	-531M	-351M	-262M	-328M
Issuance of Common Stock	-	100K	300K	200K	400K
Repurchase of Common Stock	-	-	-2.8M	-84.5M	-276M
Common Dividends Paid	-159M	-	-484M	-130M	-
Common & Preferred Stock Dividends Paid	-159M	-	-484M	-130M	-
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-9.5M	-2.1M	-	-1.2M
Cash from Financing	-179M	-540M	-450M	-25.4M	-210M
Foreign Exchange Rate Adjustments	-6.2M	6.3M	-5.9M	-8.4M	-3.4M
Net Change in Cash	62.2M	133M	-46.5M	-86.3M	230M
Supplemental Items
Cash Interest Paid	61.5M	56.4M	37M	41M	41.8M
Cash Income Tax Paid (Refund)	52.5M	-3.7M	92.7M	117M	183M
Levered Free Cash Flow	134M	844M	-1.6M	13.58M	316M
Unlevered Free Cash Flow	170M	874M	23.59M	36.7M	339M
Change In Net Working Capital	76.4M	-426M	400M	41M	9.7M
Net Debt Issued / Repaid	-20.4M	-531M	39M	188M	67M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.57	9.7	12.22	11.16	12.5
Return on Total Capital	12.7	17.77	23.84	19.3	20.19
Return On Equity %	24.03	25.08	38.36	34.78	29.4
Return on Common Equity	24.03	25.08	38.36	34.78	29.4
Margin Analysis
Gross Profit Margin %	35.93	36.23	36.35	34.74	40.35
SG&A Margin	15.95	13.39	12.76	13.08	15.3
EBITDA Margin %	23.76	26.29	27.01	25.18	28.56
EBITA Margin %	18.84	21.74	22.64	20.71	23.97
EBIT Margin %	18.72	21.65	22.54	20.61	23.86
Income From Continuing Operations Margin %	9.26	9.03	12.7	13.56	12.96
Net Income Margin %	9.26	9.03	12.7	13.56	12.96
Net Avail. For Common Margin %	9.26	9.03	12.7	13.56	12.96
Normalized Net Income Margin	8.86	9.37	11.03	11.97	12.25
Levered Free Cash Flow Margin	5.14	29.01	-0.04	0.36	8.03
Unlevered Free Cash Flow Margin	6.52	30.05	0.65	0.97	8.61
Asset Turnover
Asset Turnover	0.65	0.72	0.87	0.87	0.84
Fixed Assets Turnover	1.88	2.07	2.46	2.21	1.97
Receivables Turnover (Average Receivables)	10.29	10.49	11.59	11.96	12.88
Inventory Turnover (Average Inventory)	5.37	7.09	9.24	7.9	6.89
Short Term Liquidity
Current Ratio	1.78	1.05	1.46	1.54	1.79
Quick Ratio	1.01	0.61	0.69	0.68	0.92
Operating Cash Flow to Current Liabilities	0.88	0.87	0.98	0.87	1.15
Days Sales Outstanding (Average Receivables)	35.56	34.8	31.48	30.52	28.42
Days Outstanding Inventory (Average Inventory)	68.2	51.49	39.5	46.19	53.16
Average Days Payable Outstanding	32.42	33.57	34.58	34.04	35.19
Cash Conversion Cycle (Average Days)	71.35	52.72	36.4	42.67	46.39
Long Term Solvency
Total Debt/Equity	136.41	86.97	71.69	70.77	64.79
Total Debt / Total Capital	57.7	46.52	41.75	41.44	39.32
LT Debt/Equity	134.98	86.14	70.67	69.6	63.3
Long-Term Debt / Total Capital	57.1	46.07	41.16	40.76	38.41
Total Liabilities / Total Assets	74.3	74.06	68.59	64.02	62.16
EBIT / Interest Expense	8.49	12.99	20.22	21.04	25.8
EBITDA / Interest Expense	11.11	16.16	24.81	26.34	31.62
(EBITDA - Capex) / Interest Expense	7.58	13.68	18.36	10.12	18.74
Total Debt / EBITDA	2.21	1.18	0.96	1.17	1.05
Net Debt / EBITDA	1.98	0.91	0.83	1.05	0.73
Total Debt / (EBITDA - Capex)	3.24	1.39	1.29	3.04	1.77
Net Debt / (EBITDA - Capex)	2.91	1.08	1.12	2.74	1.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4	11.58	24.27	4.49	4.21
Gross Profit, 1 Yr. Growth %	11.66	12.51	24.69