Cash flow JB Hi-Fi Limited

Equities

JBH

AU000000JBH7

Computer & Electronics Retailers

Market Closed - Australian S.E. Other stock markets 12:12:51 2026-01-15 am EST			5-day change	1st Jan Change
90.00 ^AUD	-0.41%		-3.74%	-6.46%

10:38pm	Consumer Sector Helped by Spending Capacity, But Consumers Remain Cautious, Jarden Says	MT
Jan. 06	Retail Trading in Australia Softens Amid Festive December 2025, Says Jefferies	MT

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Published financial data: JB HI-FI LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	8.92B	9.23B	9.63B	9.59B	10.55B
Total Revenues	8.92B	9.23B	9.63B	9.59B	10.55B
Cost of Goods Sold, Total	6.94B	7.15B	7.44B	7.45B	8.19B
Gross Profit	1.98B	2.08B	2.18B	2.14B	2.36B
Selling General & Admin Expenses, Total	1.18B	1.23B	1.35B	1.42B	1.57B
Other Operating Expenses	48.5M	58.7M	67.9M	79.8M	98M
Other Operating Expenses, Total	1.23B	1.28B	1.41B	1.5B	1.67B
Operating Income	748M	796M	768M	645M	693M
Interest Expense, Total	-24.7M	-20.1M	-26.3M	-31M	-37.6M
Net Interest Expenses	-24.7M	-20.1M	-26.3M	-31M	-37.6M
Other Non Operating Income (Expenses)	2.9M	3M	7.6M	13M	12.5M
EBT, Excl. Unusual Items	726M	779M	750M	627M	668M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-6.2M	-3.6M	-2.7M	-	-
EBT, Incl. Unusual Items	720M	775M	747M	627M	668M
Income Tax Expense	214M	230M	222M	189M	205M
Earnings From Continuing Operations	506M	545M	525M	439M	463M
Net Income to Company	506M	545M	525M	439M	463M
Minority Interest	-	-	-	-	-400K
Net Income - (IS)	506M	545M	525M	439M	462M
Net Income to Common Incl Extra Items	506M	545M	525M	439M	462M
Net Income to Common Excl. Extra Items	506M	545M	525M	439M	462M
Per Share Items
Net EPS - Basic	4.41	4.79	4.8	4.01	4.23
Basic EPS - Continuing Operations	4.41	4.79	4.8	4.01	4.23
Basic Weighted Average Shares Outstanding	115M	114M	109M	109M	109M
Net EPS - Diluted	4.38	4.77	4.78	4	4.21
Diluted EPS - Continuing Operations	4.38	4.77	4.78	4	4.21
Diluted Weighted Average Shares Outstanding	116M	114M	110M	110M	110M
Normalized Basic EPS	3.95	4.28	4.29	3.59	3.82
Normalized Diluted EPS	3.93	4.26	4.27	3.57	3.8
Dividend Per Share	2.87	3.16	3.12	2.61	2.75
Payout Ratio	61.29	56.93	72.95	68.03	83.46
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	800M	848M	822M	699M	751M
EBITA	748M	796M	768M	645M	693M
EBIT	748M	796M	768M	645M	693M
EBITDAR	1.09B	1.15B	1.14B	1.03B	1.1B
Effective Tax Rate - (Ratio)	29.71	29.72	29.78	30.06	30.72
Total Current Taxes	222M	231M	233M	198M	218M
Total Deferred Taxes	-8.1M	-300K	-10.5M	-9.1M	-12.7M
Normalized Net Income	454M	487M	469M	392M	417M
Interest on Long-Term Debt	21.3M	18.7M	21.9M	29.2M	35.3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	846M	881M	978M	1.04B	1.17B
General and Administrative Expenses	41.3M	41.8M	46M	48.1M	52.7M
Net Rental Expense, Total	294M	303M	322M	328M	350M
Imputed Operating Lease Interest Expense	84.51M	78.81M	108M	124M	153M
Imputed Operating Lease Depreciation	209M	224M	214M	204M	196M
Stock-Based Comp., Other (Total)	13.5M	12.8M	13.8M	15.7M	16.6M
Total Stock-Based Compensation	13.5M	12.8M	13.8M	15.7M	16.6M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	263M	126M	177M	318M	284M
Total Cash And Short Term Investments	263M	126M	177M	318M	284M
Accounts Receivable, Total	57.7M	66.5M	60.8M	56M	95.8M
Other Receivables	154M	66.1M	85.7M	79.1M	90.7M
Total Receivables	212M	133M	146M	135M	186M
Inventory	939M	1.14B	1.04B	1.09B	1.3B
Prepaid Expenses	30.7M	30.3M	34.6M	39.9M	46.5M
Other Current Assets, Total	5M	900K	-	-	-
Total Current Assets	1.45B	1.42B	1.4B	1.59B	1.82B
Gross Property Plant And Equipment	1.55B	1.63B	1.83B	1.82B	2.1B
Accumulated Depreciation	-843M	-1B	-1.12B	-1.06B	-1.23B
Net Property Plant And Equipment	705M	631M	713M	765M	864M
Goodwill	747M	747M	747M	747M	780M
Other Intangibles, Total	284M	284M	284M	284M	300M
Deferred Tax Assets Long-Term	30.3M	30.6M	41.1M	50.2M	65.7M
Other Long-Term Assets, Total	39M	44.1M	50.2M	53.5M	57.2M
Total Assets	3.26B	3.16B	3.23B	3.49B	3.88B
Liabilities
Accounts Payable, Total	716M	661M	582M	640M	787M
Accrued Expenses, Total	144M	146M	162M	175M	184M
Short-term Borrowings	-	-	-	15M	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	167M	167M	174M	183M	201M
Current Income Taxes Payable	92.2M	54.8M	4.3M	23.9M	15.4M
Unearned Revenue Current, Total	213M	254M	231M	248M	312M
Other Current Liabilities	23M	23.9M	31.9M	26.2M	51.7M
Total Current Liabilities	1.36B	1.31B	1.18B	1.31B	1.55B
Long-Term Debt	-	59.4M	49.8M	-	-
Long-Term Leases	464M	378M	431M	460M	513M
Unearned Revenue Non Current	85M	94.7M	107M	115M	132M
Pension & Other Post Retirement Benefits	9.4M	9.2M	8.7M	7.9M	9.3M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	33.2M	33.5M	33.8M	34M	55.4M
Total Liabilities	1.95B	1.88B	1.82B	1.93B	2.26B
Common Stock, Total	393M	347M	329M	312M	291M
Retained Earnings	832M	911M	1.06B	1.22B	1.31B
Comprehensive Income and Other	83.8M	22.8M	25.4M	28.5M	14.9M
Total Common Equity	1.31B	1.28B	1.42B	1.56B	1.62B
Minority Interest	-	-	-	-	5.2M
Total Equity	1.31B	1.28B	1.42B	1.56B	1.62B
Total Liabilities And Equity	3.26B	3.16B	3.23B	3.49B	3.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	115M	109M	109M	109M	109M
ECS Total Common Shares Outstanding	115M	109M	109M	109M	109M
Book Value / Share	11.39	11.71	12.98	14.26	14.79
Tangible Book Value	277M	249M	388M	528M	536M
Tangible Book Value Per Share	2.41	2.28	3.55	4.83	4.9
Total Debt	631M	604M	655M	657M	714M
Net Debt	368M	479M	478M	340M	430M
Debt Equivalent Oper. Leases	2.35B	2.42B	2.57B	2.62B	2.8B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	5.2M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	939M	1.14B	1.04B	1.09B	1.3B
Machinery, Total	431M	415M	356M	378M	417M
Full Time Employees	13.2K	13K	14.5K	15K	16K
Accumulated Allowance for Doubtful Accounts (Supple)	2.1M	1.8M	1.6M	1.6M	2.1M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	506M	545M	525M	439M	462M
Depreciation & Amortization - CF	211M	215M	222M	235M	255M
Depreciation & Amortization, Total	211M	215M	222M	235M	255M
(Gain) Loss From Sale Of Asset	6.2M	3.6M	2.7M	5.4M	2.4M
Asset Writedown & Restructuring Costs	7.6M	4.5M	1.9M	1.9M	3.3M
Stock-Based Compensation (CF)	13.5M	12.8M	13.8M	15.7M	16.6M
Tax Benefit from Stock Options	3.5M	3.5M	900K	500K	1.5M
Other Operating Activities, Total	-	-	-	-	400K
Change In Accounts Receivable	8.7M	-29.3M	-14.3M	11.2M	-39.6M
Change In Inventories	-199M	-198M	95.9M	-52.6M	-144M
Change In Accounts Payable	-76.7M	53.8M	-55.9M	64.7M	140M
Change in Unearned Revenues	19.7M	50.4M	-10.3M	25.1M	28M
Change In Income Taxes	59.9M	-37.2M	-50.5M	19.6M	-13.3M
Change In Deferred Taxes	-8.1M	-300K	-10.5M	-9.1M	-7.8M
Change in Other Net Operating Assets	6.7M	3.6M	-4.2M	-3.8M	6.2M
Cash from Operations	559M	627M	716M	753M	712M
Capital Expenditure	-57.7M	-57.6M	-72M	-74.5M	-82.3M
Sale of Property, Plant, and Equipment	-	200K	300K	100K	200K
Cash Acquisitions	-	-	-	-	-40.8M
Cash from Investing	-57.7M	-57.4M	-71.7M	-74.4M	-123M
Long-Term Debt Issued, Total	-	60M	-	-	-
Total Debt Issued	-	60M	-	-	-
Long-Term Debt Repaid, Total	-169M	-178M	-193M	-222M	-216M
Total Debt Repaid	-169M	-178M	-193M	-222M	-216M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-10.2M	-278M	-17.3M	-17M	-20.9M
Common Dividends Paid	-310M	-310M	-383M	-298M	-386M
Common & Preferred Stock Dividends Paid	-310M	-310M	-383M	-298M	-386M
Other Financing Activities, Total	-	-1.2M	-300K	-	-
Cash from Financing	-489M	-707M	-593M	-538M	-622M
Foreign Exchange Rate Adjustments	-	-400K	100K	100K	100K
Net Change in Cash	11.7M	-138M	51.7M	140M	-33.6M
Supplemental Items
Cash Interest Paid	24.6M	20M	25.6M	31.1M	37M
Cash Income Tax Paid (Refund)	159M	264M	282M	178M	225M
Levered Free Cash Flow	433M	493M	577M	616M	573M
Unlevered Free Cash Flow	448M	506M	593M	636M	597M
Change In Net Working Capital	186M	162M	51.4M	-55.8M	26.3M
Net Debt Issued / Repaid	-169M	-118M	-193M	-222M	-216M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	14.59	15.77	15.02	12	11.76
Return on Total Capital	24.69	26.02	24.26	18.8	19.03
Return On Equity %	41.93	42.1	38.86	29.46	29.1
Return on Common Equity	41.93	42.1	38.86	29.46	29.12
Margin Analysis
Gross Profit Margin %	22.18	22.53	22.67	22.31	22.36
SG&A Margin	13.24	13.28	13.98	14.75	14.87
EBITDA Margin %	8.97	9.19	8.54	7.29	7.12
EBITA Margin %	8.39	8.62	7.98	6.73	6.57
EBIT Margin %	8.39	8.62	7.98	6.73	6.57
Income From Continuing Operations Margin %	5.68	5.9	5.45	4.57	4.38
Net Income Margin %	5.68	5.9	5.45	4.57	4.38
Net Avail. For Common Margin %	5.68	5.9	5.45	4.57	4.38
Normalized Net Income Margin	5.09	5.27	4.87	4.09	3.95
Levered Free Cash Flow Margin	4.86	5.34	5.99	6.42	5.43
Unlevered Free Cash Flow Margin	5.03	5.48	6.16	6.63	5.65
Asset Turnover
Asset Turnover	2.78	2.93	3.01	2.85	2.86
Fixed Assets Turnover	11.73	13.82	14.33	12.98	12.96
Receivables Turnover (Average Receivables)	153.86	148.66	151.24	164.25	139.06
Inventory Turnover (Average Inventory)	8.27	6.9	6.84	6.98	6.85
Short Term Liquidity
Current Ratio	1.07	1.09	1.18	1.21	1.17
Quick Ratio	0.35	0.2	0.27	0.35	0.3
Operating Cash Flow to Current Liabilities	0.41	0.48	0.6	0.57	0.46
Days Sales Outstanding (Average Receivables)	2.37	2.45	2.41	2.23	2.62
Days Outstanding Inventory (Average Inventory)	44.14	52.93	53.35	52.42	53.28
Average Days Payable Outstanding	38.66	31.49	30.85	29.96	31.01
Cash Conversion Cycle (Average Days)	7.84	23.89	24.92	24.68	24.89
Long Term Solvency
Total Debt/Equity	48.25	47.21	46.15	42.17	44.05
Total Debt / Total Capital	32.55	32.07	31.58	29.66	30.58
LT Debt/Equity	35.46	34.16	33.88	29.49	31.64
Long-Term Debt / Total Capital	23.92	23.21	23.18	20.74	21.97
Total Liabilities / Total Assets	59.81	59.5	56.12	55.28	58.23
EBIT / Interest Expense	30.28	39.6	29.22	20.82	18.43
EBITDA / Interest Expense	38.82	50.29	37.67	28.41	25.23
(EBITDA - Capex) / Interest Expense	36.49	47.42	34.94	26	23.04
Total Debt / EBITDA	0.66	0.6	0.66	0.75	0.75
Net Debt / EBITDA	0.38	0.47	0.48	0.39	0.45
Total Debt / (EBITDA - Capex)	0.7	0.63	0.71	0.82	0.82
Net Debt / (EBITDA - Capex)	0.41	0.5	0.52	0.42	0.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.59	3.54	4.27	-0.35	10.03
Gross Profit, 1 Yr. Growth %	16.71	5.22	4.91	-1.93	10.28
EBITDA, 1 Yr. Growth %	48.91	6.03	-3.09	-14.65	7.45
EBITA, 1 Yr. Growth %	54.83	6.42	-3.45	-15.72	7.39
EBIT, 1 Yr. Growth %	54.83	6.42	-3.45	-15.72	7.39
Earnings From Cont. Operations, 1 Yr. Growth %	67.42	7.67	-3.73	-16.36	5.47
Net Income, 1 Yr. Growth %	67.42	7.67	-3.73	-16.36	5.38
Normalized Net Income, 1 Yr. Growth %	61.27	7.26	-3.74	-16.02	6.37
Diluted EPS Before Extra, 1 Yr. Growth %	67.95	9.05	0.1	-16.37	5.43
Accounts Receivable, 1 Yr. Growth %	-0.86	15.25	-8.57	-7.89	71.07
Inventory, 1 Yr. Growth %	26.98	20.93	-8.32	5.06	18.74
Net Property, Plant and Equip., 1 Yr. Growth %	-13.41	-10.59	13.05	7.34	12.85
Total Assets, 1 Yr. Growth %	3.27	0.47	2.32	7.78	11.36
Tangible Book Value, 1 Yr. Growth %	272.81	-10.14	55.97	35.94	1.55
Common Equity, 1 Yr. Growth %	18.33	-2.15	10.88	9.83	3.69
Cash From Operations, 1 Yr. Growth %	-43.07	12.3	14.19	5.05	-5.45
Capital Expenditures, 1 Yr. Growth %	33.87	-0.17	25	3.47	10.47
Levered Free Cash Flow, 1 Yr. Growth %	-50.82	13.9	16.9	7.19	-7
Unlevered Free Cash Flow, 1 Yr. Growth %	-50.35	12.78	17.24	7.48	-6.13
Dividend Per Share, 1 Yr. Growth %	51.85	10.1	-1.27	-16.35	5.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	12.1	7.97	3.91	1.93	4.71
Gross Profit, 2 Yr. CAGR %	13.79	10.82	5.06	1.43	4
EBITDA, 2 Yr. CAGR %	35.47	25.65	1.37	-9.2	-4.23
EBITA, 2 Yr. CAGR %	40.1	28.36	1.36	-9.96	-4.86
EBIT, 2 Yr. CAGR %	40.1	28.36	1.36	-9.96	-4.86
Earnings From Cont. Operations, 2 Yr. CAGR %	42.34	34.26	1.81	-10.26	-6.07
Net Income, 2 Yr. CAGR %	42.34	34.26	1.81	-10.26	-6.12
Normalized Net Income, 2 Yr. CAGR %	40.25	31.52	1.61	-10.25	-5.49
Diluted EPS Before Extra, 2 Yr. CAGR %	42.61	35.33	4.48	-8.51	-6.1
Accounts Receivable, 2 Yr. CAGR %	-7.61	6.89	2.65	-8.23	25.53
Inventory, 2 Yr. CAGR %	2.9	23.92	5.3	-1.85	11.69
Net Property, Plant and Equip., 2 Yr. CAGR %	91.91	-12.01	0.54	10.16	10.06
Total Assets, 2 Yr. CAGR %	12.61	0.14	1.4	5.02	9.56
Tangible Book Value, 2 Yr. CAGR %	538.24	83.03	18.38	45.61	17.49
Common Equity, 2 Yr. CAGR %	11.94	7.61	4.16	10.35	6.71
Cash From Operations, 2 Yr. CAGR %	36.1	-20.04	13.24	9.52	-0.34
Capital Expenditures, 2 Yr. CAGR %	-1.36	15.6	11.71	13.73	6.91
Levered Free Cash Flow, 2 Yr. CAGR %	38.41	-25.16	15.39	11.77	-0.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.15	-25.17	14.99	12.1	0.44
Dividend Per Share, 2 Yr. CAGR %	42.17	29.3	4.26	-9.12	-6.12
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.16	9.17	6.72	2.47	4.56
Gross Profit, 3 Yr. CAGR %	10.38	10.86	8.81	2.68	4.3
EBITDA, 3 Yr. CAGR %	24.66	24.84	15.23	-4.39	-3.96
EBITA, 3 Yr. CAGR %	28.5	27.83	16.74	-4.8	-4.51
EBIT, 3 Yr. CAGR %	28.5	27.83	16.74	-4.8	-4.51
Earnings From Cont. Operations, 3 Yr. CAGR %	29.47	29.69	20.17	-4.64	-5.3
Net Income, 3 Yr. CAGR %	29.47	29.69	20.17	-4.64	-5.33
Normalized Net Income, 3 Yr. CAGR %	29.16	28.25	18.53	-4.76	-5.02
Diluted EPS Before Extra, 3 Yr. CAGR %	29.61	30.41	22.39	-2.99	-4.08
Accounts Receivable, 3 Yr. CAGR %	1.3	-0.55	1.47	-0.99	12.94
Inventory, 3 Yr. CAGR %	1.75	8.59	12.08	5.22	4.58
Net Property, Plant and Equip., 3 Yr. CAGR %	52.72	48.77	-4.34	2.75	11.05
Total Assets, 3 Yr. CAGR %	9.32	7.19	0.87	3.48	7.09
Tangible Book Value, 3 Yr. CAGR %	45.62	232.03	73.52	23.97	29.13
Common Equity, 3 Yr. CAGR %	11.35	7.03	8.69	6.02	8.08
Cash From Operations, 3 Yr. CAGR %	24.13	27.66	-9.96	10.44	4.29
Capital Expenditures, 3 Yr. CAGR %	1.98	-0.96	18.65	8.89	12.63
Levered Free Cash Flow, 3 Yr. CAGR %	26.88	29.7	-13.17	12.48	5.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.34	29.12	-13.09	12.32	5.66
Dividend Per Share, 3 Yr. CAGR %	29.55	30.56	18.19	-3.12	-4.53
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.66	10.4	7.03	6.22	5.91
Gross Profit, 5 Yr. CAGR %	17.97	11.07	8.22	6.99	6.86
EBITDA, 5 Yr. CAGR %	24.62	19.45	14.76	9.91	6.94
EBITA, 5 Yr. CAGR %	27.14	21.98	16.87	11.11	7.49
EBIT, 5 Yr. CAGR %	27.14	21.98	16.87	11.11	7.49
Earnings From Cont. Operations, 5 Yr. CAGR %	27.16	25.88	17.6	11.93	8.89
Net Income, 5 Yr. CAGR %	27.16	25.88	17.6	11.93	8.87
Normalized Net Income, 5 Yr. CAGR %	26.76	22.18	17.34	11.19	8.19
Diluted EPS Before Extra, 5 Yr. CAGR %	23.84	25.57	18.9	13.17	10.08
Accounts Receivable, 5 Yr. CAGR %	13.23	4.45	1.84	-3.7	10.48
Inventory, 5 Yr. CAGR %	11.43	5.72	3.16	4.28	11.92
Net Property, Plant and Equip., 5 Yr. CAGR %	30.89	24.81	29.2	31.92	1.18
Total Assets, 5 Yr. CAGR %	26.82	5.15	5.36	6.31	4.26
Tangible Book Value, 5 Yr. CAGR %	-1.98	6.25	34.05	138.77	48.46
Common Equity, 5 Yr. CAGR %	26.45	8.45	8.42	8.35	7.89
Cash From Operations, 5 Yr. CAGR %	24.73	26.91	19.65	20.07	-6.23
Capital Expenditures, 5 Yr. CAGR %	1.98	3.24	5.77	4.67	13.81
Levered Free Cash Flow, 5 Yr. CAGR %	30.36	22.14	22.15	22.21	-8.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.72	21.87	21.67	22.02	-7.96
Dividend Per Share, 5 Yr. CAGR %	23.47	21.78	18.77	12.95	7.79