Cash flow JB Hi-Fi Limited

Equities

JBH

AU000000JBH7

Computer & Electronics Retailers

Market Closed - Australian S.E. Other stock markets 12:10:21 2025-01-16 am EST			5-day change	1st Jan Change
94.11 ^AUD	-0.12%		-2.38%	+1.54%

Jan. 03	JB Hi-Fi Says State Street, Units Lift Stake in Company to 6.92%	MT
Dec. 18	Aussie discretionary retailers face brighter 2025 as rate cut nears	RE

42.oXq6jumxPPxxJlnoaC0E1mgSBcn0SDkKP-siOkq5Z0Q.kwPTyJuBDY4waC-fDV1UvRJfabDHGk5sS45YdH7-IBGRMenH34JLighRGA

Published financial data: JB HI-FI LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	7.92B	8.92B	9.23B	9.63B	9.59B
Total Revenues	7.92B	8.92B	9.23B	9.63B	9.59B
Cost of Goods Sold, Total	6.22B	6.94B	7.15B	7.44B	7.45B
Gross Profit	1.69B	1.98B	2.08B	2.18B	2.14B
Selling General & Admin Expenses, Total	1.14B	1.18B	1.23B	1.35B	1.42B
Other Operating Expenses	69.8M	48.5M	58.7M	67.9M	79.8M
Other Operating Expenses, Total	1.21B	1.23B	1.28B	1.41B	1.5B
Operating Income	483M	748M	796M	768M	645M
Interest Expense, Total	-36.4M	-24.7M	-20.1M	-26.3M	-31M
Net Interest Expenses	-36.4M	-24.7M	-20.1M	-26.3M	-31M
Other Non Operating Income (Expenses)	3.6M	2.9M	3M	7.6M	13M
EBT, Excl. Unusual Items	450M	726M	779M	750M	627M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-2.3M	-6.2M	-3.6M	-2.7M	-
EBT, Incl. Unusual Items	448M	720M	775M	747M	627M
Income Tax Expense	146M	214M	230M	222M	189M
Earnings From Continuing Operations	302M	506M	545M	525M	439M
Net Income to Company	302M	506M	545M	525M	439M
Net Income - (IS)	302M	506M	545M	525M	439M
Net Income to Common Incl Extra Items	302M	506M	545M	525M	439M
Net Income to Common Excl. Extra Items	302M	506M	545M	525M	439M
Per Share Items
Net EPS - Basic	2.63	4.41	4.79	4.8	4.01
Basic EPS - Continuing Operations	2.63	4.41	4.79	4.8	4.01
Basic Weighted Average Shares Outstanding	115M	115M	114M	109M	109M
Net EPS - Diluted	2.61	4.38	4.77	4.78	4
Diluted EPS - Continuing Operations	2.61	4.38	4.77	4.78	4
Diluted Weighted Average Shares Outstanding	116M	116M	114M	110M	110M
Normalized Basic EPS	2.45	3.95	4.28	4.29	3.59
Normalized Diluted EPS	2.43	3.93	4.26	4.27	3.57
Dividend Per Share	1.89	2.87	3.16	3.12	2.61
Payout Ratio	57	61.29	56.93	72.95	68.03
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	537M	800M	848M	822M	699M
EBITA	483M	748M	796M	768M	645M
EBIT	483M	748M	796M	768M	645M
EBITDAR	850M	1.09B	1.15B	1.14B	1.03B
Effective Tax Rate - (Ratio)	32.52	29.71	29.72	29.78	30.06
Total Current Taxes	146M	222M	231M	233M	198M
Total Deferred Taxes	-500K	-8.1M	-300K	-10.5M	-9.1M
Normalized Net Income	281M	454M	487M	469M	392M
Interest on Long-Term Debt	33.6M	21.3M	18.7M	21.9M	29.2M
Supplemental Operating Expense Items
Selling and Marketing Expenses	786M	846M	881M	978M	1.04B
General and Administrative Expenses	41.7M	41.3M	41.8M	46M	48.1M
Net Rental Expense, Total	313M	294M	303M	322M	328M
Imputed Operating Lease Interest Expense	154M	84.51M	78.81M	108M	124M
Imputed Operating Lease Depreciation	159M	209M	224M	214M	204M
Stock-Based Comp., Other (Total)	12.1M	13.5M	12.8M	13.8M	15.7M
Total Stock-Based Compensation	12.1M	13.5M	12.8M	13.8M	15.7M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	252M	263M	126M	177M	318M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	252M	263M	126M	177M	318M
Accounts Receivable, Total	58.2M	57.7M	66.5M	60.8M	56M
Other Receivables	162M	154M	66.1M	85.7M	79.1M
Total Receivables	220M	212M	133M	146M	135M
Inventory	739M	939M	1.14B	1.04B	1.09B
Prepaid Expenses	30.8M	30.7M	30.3M	34.6M	39.9M
Other Current Assets, Total	3.9M	5M	900K	-	-
Total Current Assets	1.25B	1.45B	1.42B	1.4B	1.59B
Gross Property Plant And Equipment	1.5B	1.55B	1.63B	1.83B	1.82B
Accumulated Depreciation	-685M	-843M	-1B	-1.12B	-1.06B
Net Property Plant And Equipment	814M	705M	631M	713M	765M
Long-term Investments	-	-	-	-	-
Goodwill	747M	747M	747M	747M	747M
Other Intangibles, Total	284M	284M	284M	284M	284M
Deferred Tax Assets Long-Term	22.2M	30.3M	30.6M	41.1M	50.2M
Other Long-Term Assets, Total	38.4M	39M	44.1M	50.2M	53.5M
Total Assets	3.15B	3.26B	3.16B	3.23B	3.49B
Liabilities
Accounts Payable, Total	796M	716M	661M	582M	640M
Accrued Expenses, Total	120M	144M	146M	162M	175M
Short-term Borrowings	-	-	-	-	15M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	164M	167M	167M	174M	183M
Current Income Taxes Payable	32.3M	92.2M	54.8M	4.3M	23.9M
Unearned Revenue Current, Total	197M	213M	254M	231M	248M
Other Current Liabilities	37.2M	23M	23.9M	31.9M	26.2M
Total Current Liabilities	1.35B	1.36B	1.31B	1.18B	1.31B
Long-Term Debt	-	-	59.4M	49.8M	-
Long-Term Leases	578M	464M	378M	431M	460M
Unearned Revenue Non Current	81.6M	85M	94.7M	107M	115M
Pension & Other Post Retirement Benefits	8.2M	9.4M	9.2M	8.7M	7.9M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	33.3M	33.2M	33.5M	33.8M	34M
Total Liabilities	2.05B	1.95B	1.88B	1.82B	1.93B
Common Stock, Total	403M	393M	347M	329M	312M
Retained Earnings	636M	832M	911M	1.06B	1.22B
Comprehensive Income and Other	66.8M	83.8M	22.8M	25.4M	28.5M
Total Common Equity	1.11B	1.31B	1.28B	1.42B	1.56B
Total Equity	1.11B	1.31B	1.28B	1.42B	1.56B
Total Liabilities And Equity	3.15B	3.26B	3.16B	3.23B	3.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	115M	115M	109M	109M	109M
ECS Total Common Shares Outstanding	115M	115M	109M	109M	109M
Book Value / Share	9.62	11.39	11.71	12.98	14.26
Tangible Book Value	74.3M	277M	249M	388M	528M
Tangible Book Value Per Share	0.65	2.41	2.28	3.55	4.83
Total Debt	742M	631M	604M	655M	657M
Net Debt	490M	368M	479M	478M	340M
Debt Equivalent Oper. Leases	2.5B	2.35B	2.42B	2.57B	2.62B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	739M	939M	1.14B	1.04B	1.09B
Machinery, Total	461M	431M	415M	356M	378M
Full Time Employees	12.9K	13.2K	13K	14.5K	15K
Accumulated Allowance for Doubtful Accounts (Supple)	1.5M	2.1M	1.8M	1.6M	1.6M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	302M	506M	545M	525M	439M
Depreciation & Amortization - CF	214M	211M	215M	222M	235M
Depreciation & Amortization, Total	214M	211M	215M	222M	235M
(Gain) Loss From Sale Of Asset	2.3M	6.2M	3.6M	2.7M	5.4M
Asset Writedown & Restructuring Costs	20.3M	7.6M	4.5M	1.9M	1.9M
Stock-Based Compensation (CF)	12.1M	17M	16.3M	14.7M	16.2M
Other Operating Activities, Total	-	-	-	-	-
Change In Accounts Receivable	36.3M	8.7M	-29.3M	-14.3M	11.2M
Change In Inventories	147M	-199M	-198M	95.9M	-52.6M
Change In Accounts Payable	182M	-76.7M	53.8M	-55.9M	64.7M
Change in Unearned Revenues	22.4M	19.7M	50.4M	-10.3M	25.1M
Change In Income Taxes	27.9M	59.9M	-37.2M	-50.5M	19.6M
Change In Deferred Taxes	-500K	-8.1M	-300K	-10.5M	-9.1M
Change in Other Net Operating Assets	15.3M	6.7M	3.6M	-4.2M	-3.8M
Cash from Operations	981M	559M	627M	716M	753M
Capital Expenditure	-43.1M	-57.7M	-57.6M	-72M	-74.5M
Sale of Property, Plant, and Equipment	100K	-	200K	300K	100K
Cash Acquisitions	-	-	-	-	-
Cash from Investing	-43M	-57.7M	-57.4M	-71.7M	-74.4M
Long-Term Debt Issued, Total	-	-	60M	-	-
Total Debt Issued	-	-	60M	-	-
Long-Term Debt Repaid, Total	-602M	-169M	-178M	-193M	-222M
Total Debt Repaid	-602M	-169M	-178M	-193M	-222M
Issuance of Common Stock	1.3M	-	-	-	-
Repurchase of Common Stock	-32.9M	-10.2M	-278M	-17.3M	-17M
Common Dividends Paid	-172M	-310M	-310M	-383M	-298M
Common & Preferred Stock Dividends Paid	-172M	-310M	-310M	-383M	-298M
Other Financing Activities, Total	-100K	-	-1.2M	-300K	-
Cash from Financing	-806M	-489M	-707M	-593M	-538M
Foreign Exchange Rate Adjustments	-200K	-	-400K	100K	100K
Net Change in Cash	132M	11.7M	-138M	51.7M	140M
Supplemental Items
Cash Interest Paid	36.4M	24.6M	20M	25.6M	31.1M
Cash Income Tax Paid (Refund)	118M	159M	264M	282M	178M
Levered Free Cash Flow	881M	433M	493M	577M	616M
Unlevered Free Cash Flow	903M	448M	506M	593M	636M
Change In Net Working Capital	-418M	186M	162M	51.4M	-55.8M
Net Debt Issued / Repaid	-602M	-169M	-118M	-193M	-222M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	10.56	14.59	15.77	15.02	12
Return on Total Capital	18.13	24.69	26.02	24.26	18.8
Return On Equity %	28.12	41.93	42.1	38.86	29.46
Return on Common Equity	28.12	41.93	42.1	38.86	29.46
Margin Analysis
Gross Profit Margin %	21.39	22.18	22.53	22.67	22.31
SG&A Margin	14.41	13.24	13.28	13.98	14.75
EBITDA Margin %	6.78	8.97	9.19	8.54	7.29
EBITA Margin %	6.1	8.39	8.62	7.98	6.73
EBIT Margin %	6.1	8.39	8.62	7.98	6.73
Income From Continuing Operations Margin %	3.82	5.68	5.9	5.45	4.57
Net Income Margin %	3.82	5.68	5.9	5.45	4.57
Net Avail. For Common Margin %	3.82	5.68	5.9	5.45	4.57
Normalized Net Income Margin	3.55	5.09	5.27	4.87	4.09
Levered Free Cash Flow Margin	11.12	4.86	5.34	5.99	6.42
Unlevered Free Cash Flow Margin	11.41	5.03	5.48	6.16	6.63
Asset Turnover
Asset Turnover	2.77	2.78	2.93	3.01	2.85
Fixed Assets Turnover	15.74	11.73	13.82	14.33	12.98
Receivables Turnover (Average Receivables)	125.9	153.86	148.66	151.24	164.25
Inventory Turnover (Average Inventory)	7.66	8.27	6.9	6.84	6.98
Short Term Liquidity
Current Ratio	0.93	1.07	1.09	1.18	1.21
Quick Ratio	0.35	0.35	0.2	0.27	0.35
Operating Cash Flow to Current Liabilities	0.73	0.41	0.48	0.6	0.57
Days Sales Outstanding (Average Receivables)	2.91	2.37	2.45	2.41	2.23
Days Outstanding Inventory (Average Inventory)	47.8	44.14	52.93	53.35	52.42
Average Days Payable Outstanding	41.61	38.66	31.49	30.85	29.96
Cash Conversion Cycle (Average Days)	9.1	7.84	23.89	24.92	24.68
Long Term Solvency
Total Debt/Equity	67.07	48.25	47.21	46.15	42.17
Total Debt / Total Capital	40.14	32.55	32.07	31.58	29.66
LT Debt/Equity	52.24	35.46	34.16	33.88	29.49
Long-Term Debt / Total Capital	31.27	23.92	23.21	23.18	20.74
Total Liabilities / Total Assets	64.92	59.81	59.5	56.12	55.28
EBIT / Interest Expense	13.27	30.28	39.6	29.22	20.82
EBITDA / Interest Expense	19.16	38.82	50.29	37.67	28.41
(EBITDA - Capex) / Interest Expense	17.98	36.49	47.42	34.94	26
Total Debt / EBITDA	1.06	0.66	0.6	0.66	0.75
Net Debt / EBITDA	0.7	0.38	0.47	0.48	0.39
Total Debt / (EBITDA - Capex)	1.13	0.7	0.63	0.71	0.82
Net Debt / (EBITDA - Capex)	0.75	0.41	0.5	0.52	0.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.61	12.59	3.54	4.27	-0.35
Gross Profit, 1 Yr. Growth %	10.94	16.71	5.22	4.91	-1.93
EBITDA, 1 Yr. Growth %	23.24	48.91	6.03	-3.09	-14.65
EBITA, 1 Yr. Growth %	26.76	54.83	6.42	-3.45	-15.72
EBIT, 1 Yr. Growth %	26.76	54.83	6.42	-3.45	-15.72
Earnings From Cont. Operations, 1 Yr. Growth %	21.02	67.42	7.67	-3.73	-16.36
Net Income, 1 Yr. Growth %	21.02	67.42	7.67	-3.73	-16.36
Normalized Net Income, 1 Yr. Growth %	21.97	61.27	7.26	-3.74	-16.02
Diluted EPS Before Extra, 1 Yr. Growth %	21.1	67.95	9.05	0.1	-16.37
Accounts Receivable, 1 Yr. Growth %	-13.91	-0.86	15.25	-8.57	-7.89
Inventory, 1 Yr. Growth %	-16.62	26.98	20.93	-8.32	5.06
Net Property, Plant and Equip., 1 Yr. Growth %	325.33	-13.41	-10.59	13.05	7.34
Total Assets, 1 Yr. Growth %	22.79	3.27	0.47	2.32	7.78
Tangible Book Value, 1 Yr. Growth %	992.65	272.81	-10.14	55.97	35.94
Common Equity, 1 Yr. Growth %	5.9	18.33	-2.15	10.88	9.83
Cash From Operations, 1 Yr. Growth %	225.36	-43.07	12.3	14.19	5.05
Capital Expenditures, 1 Yr. Growth %	-27.32	33.87	-0.17	25	3.47
Levered Free Cash Flow, 1 Yr. Growth %	289.55	-50.82	13.9	16.9	7.19
Unlevered Free Cash Flow, 1 Yr. Growth %	284.42	-50.35	12.78	17.24	7.48
Dividend Per Share, 1 Yr. Growth %