Income Statement LDR Turizm

Equities

LIDER

TRELDRT00020

Passenger Transportation, Ground & Sea

Delayed Borsa Istanbul Other stock markets 04:17:10 2024-09-09 am EDT			5-day change	1st Jan Change
88.80 ^TRY	-0.22%		+5.46%	+38.10%

Jun. 11	LDR Turizm A.S. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 09	LDR Turizm A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

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Published financial data: LDR TURIZM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	255M	366M	476M	713M	1.77B
Total Revenues	255M	366M	476M	713M	1.77B
Cost of Goods Sold, Total	137M	159M	196M	202M	1.16B
Gross Profit	119M	207M	281M	511M	612M
Selling General & Admin Expenses, Total	7.41M	8.18M	10.2M	29.88M	58.55M
Other Operating Expenses	5.29M	8.69M	11.31M	14.54M	38.18M
Other Operating Expenses, Total	12.7M	16.87M	21.51M	44.42M	96.72M
Operating Income	106M	190M	259M	467M	515M
Interest Expense, Total	-54.56M	-59.12M	-108M	-140M	-324M
Interest And Investment Income	3.14M	10M	37.11M	288M	539M
Net Interest Expenses	-51.43M	-49.12M	-70.39M	148M	214M
Currency Exchange Gains (Loss)	-34.64M	-33.73M	-5.37M	-1.16M	-5.9M
Other Non Operating Income (Expenses)	-	-	-5.12M	-394K	24.71M
EBT, Excl. Unusual Items	19.86M	107M	178M	614M	748M
Gain (Loss) On Sale Of Investments	-	-	-274K	-32.59K	-7.17M
EBT, Incl. Unusual Items	19.86M	107M	178M	614M	741M
Income Tax Expense	3.74M	21.66M	37.62M	112M	133M
Earnings From Continuing Operations	16.12M	85.82M	140M	502M	608M
Net Income to Company	16.12M	85.82M	140M	502M	608M
Net Income - (IS)	16.12M	85.82M	140M	502M	608M
Net Income to Common Incl Extra Items	16.12M	85.82M	140M	502M	608M
Net Income to Common Excl. Extra Items	16.12M	85.82M	140M	502M	608M
Per Share Items
Net EPS - Basic	0.13	0.65	1.06	3.04	3.68
Basic EPS - Continuing Operations	0.13	0.65	1.06	3.04	3.68
Basic Weighted Average Shares Outstanding	125M	132M	132M	165M	165M
Net EPS - Diluted	0.13	0.65	1.06	3.04	3.68
Diluted EPS - Continuing Operations	0.13	0.65	1.06	3.04	3.68
Diluted Weighted Average Shares Outstanding	125M	132M	132M	165M	165M
Normalized Basic EPS	0.1	0.51	0.84	2.33	2.83
Normalized Diluted EPS	0.1	0.51	0.84	2.33	2.83
Dividend Per Share	-	-	-	0.18	0.5
Payout Ratio	-	1.37	4.79	4.31	6.2
Supplemental Items
EBITDA	106M	191M	259M	467M	517M
EBITA	106M	190M	259M	467M	515M
EBIT	106M	190M	259M	467M	515M
Effective Tax Rate - (Ratio)	18.81	20.16	21.15	18.28	17.99
Total Current Taxes	723K	2.87M	10.67M	34.44M	59.41M
Total Deferred Taxes	3.01M	18.8M	26.95M	77.78M	73.89M
Normalized Net Income	12.41M	67.18M	111M	384M	468M
Supplemental Operating Expense Items
Advertising Expense	158K	64.03K	111K	9.83M	533K
Selling and Marketing Expenses	876K	988K	1.21M	11.64M	5.13M
General and Administrative Expenses	6.53M	7.19M	8.98M	18.25M	53.41M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	20.85M	63.52M	175M	450M	1.59B
Short Term Investments	-	18.18M	-	11.66M	-
Trading Asset Securities, Total	-	231K	-	6.06M	1.63M
Total Cash And Short Term Investments	20.85M	81.93M	175M	468M	1.59B
Accounts Receivable, Total	5.41M	6.72M	7.54M	12.19M	24.18M
Other Receivables	106K	3.01M	708K	534K	35.14K
Total Receivables	5.52M	9.74M	8.25M	12.73M	24.21M
Inventory	47.67M	76.16M	74.1M	175M	452M
Other Current Assets, Total	18.55M	10.72M	5.1M	8.61M	30.85M
Total Current Assets	92.59M	179M	263M	664M	2.09B
Gross Property Plant And Equipment	345M	441M	667M	940M	2.5B
Accumulated Depreciation	-7.35M	-3.79M	-1.43M	-1.49M	-21.26M
Net Property Plant And Equipment	337M	437M	666M	938M	2.48B
Other Intangibles, Total	51.44K	32.36K	331K	390K	656K
Other Long-Term Assets, Total	46.43M	52.88M	65.46M	140M	319M
Total Assets	476M	669M	994M	1.74B	4.89B
Liabilities
Accounts Payable, Total	30.38M	24.11M	16.61M	27.86M	46.19M
Accrued Expenses, Total	573K	472K	1.17M	7.11M	23.68M
Short-term Borrowings	21.27M	37.83M	24.36M	191M	371M
Current Portion of Long-Term Debt	190M	196M	306M	303M	455M
Current Portion of Leases	7.34M	7.84M	7.91M	4.85M	23.36M
Current Income Taxes Payable	378K	769K	3.2M	21.14M	17.37M
Unearned Revenue Current, Total	704K	1.67M	2.06M	3.15M	5.78M
Other Current Liabilities	835K	1.05M	1.2M	2.29M	8.72M
Total Current Liabilities	251M	270M	362M	561M	951M
Long-Term Debt	140M	211M	283M	159M	184M
Long-Term Leases	9.41M	9.09M	8.77M	3.78M	9.9M
Pension & Other Post Retirement Benefits	170K	191K	431K	1.3M	2.26M
Deferred Tax Liability Non Current	4.9M	23.69M	50.57M	128M	424M
Total Liabilities	406M	514M	705M	853M	1.57B
Common Stock, Total	50M	50M	53M	66M	165M
Additional Paid In Capital	-	-	-	214M	590M
Retained Earnings	20.69M	105M	236M	716M	2.46B
Treasury Stock	-	-	-	-106M	-276M
Comprehensive Income and Other	-614K	-629K	-37.05K	-631K	389M
Total Common Equity	70.08M	155M	289M	890M	3.32B
Total Equity	70.08M	155M	289M	890M	3.32B
Total Liabilities And Equity	476M	669M	994M	1.74B	4.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	125M	132M	132M	157M	158M
ECS Total Common Shares Outstanding	125M	132M	132M	157M	158M
Book Value / Share	0.56	1.17	2.18	5.68	21.04
Tangible Book Value	70.03M	155M	289M	890M	3.32B
Tangible Book Value Per Share	0.56	1.17	2.18	5.68	21.03
Total Debt	368M	462M	630M	662M	1.04B
Net Debt	347M	380M	455M	194M	-544M
Account Code - Inventory Valuation	-	3	-	3	3
Inventories - Finished Goods, Total	47.64M	76.13M	74.1M	175M	452M
Inventories - Others	32.8K	32.8K	-	-	-
Buildings, Total	4.98M	4.98M	4.98M	9.05M	37.2M
Machinery, Total	424K	510K	763K	1.39M	5.9M
Full Time Employees	-	35	-	43	44
Accumulated Allowance for Doubtful Accounts (Supple)	3.18M	4.15M	4.05M	3.91M	3.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	16.12M	85.82M	140M	502M	608M
Depreciation & Amortization - CF	1.71M	238K	183K	319K	13.51M
Amortization of Goodwill and Intangible Assets - (CF)	7K	19.07K	29.24K	109K	321K
Depreciation & Amortization, Total	1.71M	257K	212K	428K	13.83M
(Gain) Loss From Sale Of Asset	12.53M	20.91M	47.84M	68.65M	3.21M
Asset Writedown & Restructuring Costs	-656K	-2.73M	-9.21M	-77.91M	91.69M
Provision and Write-off of Bad Debts	358K	359K	-217K	51.9K	-707K
Other Operating Activities, Total	27.61M	31.75M	36.82M	96.66M	785M
Change In Accounts Receivable	-1.33M	-1.71M	-609K	-4.75M	-4.32M
Change In Inventories	-37.54M	-57.47M	-50.44M	-150M	-293M
Change In Accounts Payable	21.64M	-5.33M	-6.8M	12.51M	5.93M
Change in Other Net Operating Assets	6.93M	-4.23M	3.65M	3.27M	26.14M
Cash from Operations	47.39M	67.61M	162M	450M	1.24B
Capital Expenditure	-135M	-199M	-323M	-349M	-827M
Sale of Property, Plant, and Equipment	89.59M	107M	99.6M	59.79M	1.02B
Sale (Purchase) of Real Estate properties	-14.1K	-6.05M	-3.57M	-20.43K	-20.58K
Sale (Purchase) of Intangible assets	-52.41K	-	-198K	-168K	-1.15M
Investment in Marketable and Equity Securities, Total	-	-18.41M	18.41M	-17.72M	-
Cash from Investing	-45.16M	-117M	-209M	-307M	195M
Long-Term Debt Issued, Total	199M	315M	426M	394M	1.18B
Total Debt Issued	199M	315M	426M	394M	1.18B
Long-Term Debt Repaid, Total	-193M	-222M	-261M	-362M	-1.22B
Total Debt Repaid	-193M	-222M	-261M	-362M	-1.22B
Issuance of Common Stock	7.47M	-	-	227M	277M
Repurchase of Common Stock	-	-	-	-106M	-164M
Common Dividends Paid	-	-1.18M	-6.71M	-21.62M	-37.68M
Common & Preferred Stock Dividends Paid	-	-1.18M	-6.71M	-21.62M	-37.68M
Other Financing Activities, Total	-	-	823K	-	-322M
Cash from Financing	13.65M	91.87M	159M	131M	-295M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-292M
Net Change in Cash	15.88M	42.67M	112M	275M	843M
Supplemental Items
Cash Interest Paid	-	-	-	-	324M
Cash Income Tax Paid (Refund)	658K	2.48M	8.24M	16.5M	76.86M
Levered Free Cash Flow	-94.75M	-147M	-223M	-216M	-835M
Unlevered Free Cash Flow	-60.65M	-110M	-156M	-128M	-632M
Change In Net Working Capital	-6.18M	29.68M	-5.34M	71.59M	139M
Net Debt Issued / Repaid	6.18M	93.04M	165M	31.94M	-48.29M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.84	20.78	19.47	21.33	7.09
Return on Total Capital	15.73	22.55	21.09	23.63	7.95
Return On Equity %	27.67	76.36	63.25	85.11	20.39
Return on Common Equity	27.67	76.36	63.25	85.11	20.39
Margin Analysis
Gross Profit Margin %	46.48	56.55	58.91	71.71	34.49
SG&A Margin	2.9	2.23	2.14	4.19	3.3
EBITDA Margin %	41.57	52	54.43	65.54	29.14
EBITA Margin %	41.51	51.95	54.4	65.5	29.05
EBIT Margin %	41.51	51.95	54.39	65.48	29.03
Income From Continuing Operations Margin %	6.32	23.42	29.45	70.34	34.27
Net Income Margin %	6.32	23.42	29.45	70.34	34.27
Net Avail. For Common Margin %	6.32	23.42	29.45	70.34	34.27
Normalized Net Income Margin	4.86	18.33	23.38	53.8	26.37
Levered Free Cash Flow Margin	-37.13	-39.99	-46.87	-30.22	-47.07
Unlevered Free Cash Flow Margin	-23.77	-29.91	-32.76	-17.96	-35.64
Asset Turnover
Asset Turnover	0.57	0.64	0.57	0.52	0.39
Fixed Assets Turnover	0.8	0.95	0.86	0.89	0.67
Receivables Turnover (Average Receivables)	51.58	60.38	66.8	72.3	80.12
Inventory Turnover (Average Inventory)	4.21	2.57	2.61	1.62	2.96
Short Term Liquidity
Current Ratio	0.37	0.66	0.73	1.18	2.2
Quick Ratio	0.1	0.34	0.51	0.86	1.69
Operating Cash Flow to Current Liabilities	0.19	0.25	0.45	0.8	1.3
Days Sales Outstanding (Average Receivables)	7.08	6.06	5.46	5.05	4.56
Days Outstanding Inventory (Average Inventory)	86.65	142.37	140.11	225.32	123.12
Average Days Payable Outstanding	42.82	53.14	38.37	26.81	13.1
Cash Conversion Cycle (Average Days)	50.91	95.29	107.2	203.56	114.57
Long Term Solvency
Total Debt/Equity	525.46	298.73	218.1	74.38	31.37
Total Debt / Total Capital	84.01	74.92	68.56	42.65	23.88
LT Debt/Equity	213.86	142.29	101.09	18.29	5.83
Long-Term Debt / Total Capital	34.19	35.68	31.78	10.49	4.44
Total Liabilities / Total Assets	85.29	76.87	70.94	48.94	32.1
EBIT / Interest Expense	1.94	3.22	2.41	3.34	1.59
EBITDA / Interest Expense	1.97	3.22	2.41	3.34	1.63
(EBITDA - Capex) / Interest Expense	-0.5	-0.14	-0.6	0.85	-0.92
Total Debt / EBITDA	3.42	2.42	2.43	1.42	1.97
Net Debt / EBITDA	3.23	1.99	1.75	0.41	-1.03
Total Debt / (EBITDA - Capex)	-13.61	-54.23	-9.84	5.57	-3.49
Net Debt / (EBITDA - Capex)	-12.84	-44.61	-7.1	1.63	1.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.46	43.59	30	49.74	32.24
Gross Profit, 1 Yr. Growth %	23.51	74.69	35.4	82.29	-3.5
EBITDA, 1 Yr. Growth %	28.38	79.62	36.08	80.3	-5.99
EBITA, 1 Yr. Growth %	28.44	79.71	36.11	80.3	-6.03
EBIT, 1 Yr. Growth %	28.44	79.7	36.11	80.28	-6.04
Earnings From Cont. Operations, 1 Yr. Growth %	-219.55	432.37	63.47	257.6	-25.68
Net Income, 1 Yr. Growth %	-219.55	432.37	63.47	257.6	-25.68
Normalized Net Income, 1 Yr. Growth %	-248.82	441.31	65.78	244.54	-32.17
Diluted EPS Before Extra, 1 Yr. Growth %	-195.64	402.23	63.47	187.16	-25.68
Accounts Receivable, 1 Yr. Growth %	20.82	24.18	12.14	61.72	20.36
Inventory, 1 Yr. Growth %	177.76	59.77	-2.71	136.2	36.55
Net Property, Plant and Equip., 1 Yr. Growth %	12.67	29.71	52.18	40.98	-11.84
Total Assets, 1 Yr. Growth %	14.47	40.43	48.64	75.33	16.97
Tangible Book Value, 1 Yr. Growth %	50.8	120.88	86.55	208.3	25.96
Common Equity, 1 Yr. Growth %	50.89	120.76	86.72	208.09	25.94
Cash From Operations, 1 Yr. Growth %	164.58	42.66	138.91	178.8	-22.94
Capital Expenditures, 1 Yr. Growth %	24.97	47.83	62.38	7.83	-16.24
Levered Free Cash Flow, 1 Yr. Growth %	-	54.64	52.36	-3.46	-18.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-	80.66	42.42	-17.93	-25.7
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	175.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	28.2	36.62	39.52	92.96
Gross Profit, 2 Yr. CAGR %	-	46.89	53.8	57.11	47.65
EBITDA, 2 Yr. CAGR %	-	51.85	56.34	56.64	41.17
EBITA, 2 Yr. CAGR %	-	51.93	56.4	56.65	41.02
EBIT, 2 Yr. CAGR %	-	51.93	56.39	56.64	40.98
Earnings From Cont. Operations, 2 Yr. CAGR %	-	152.28	195	141.78	108.13
Net Income, 2 Yr. CAGR %	-	152.28	195	141.78	108.13
Normalized Net Income, 2 Yr. CAGR %	-	183.83	199.56	138.99	104.91
Diluted EPS Before Extra, 2 Yr. CAGR %	-	119.17	186.53	116.66	86.51
Accounts Receivable, 2 Yr. CAGR %	-	22.49	18.01	34.67	79.09
Inventory, 2 Yr. CAGR %	-	110.66	24.67	51.59	147.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-	20.89	40.5	46.47	93.03
Total Assets, 2 Yr. CAGR %	-	26.79	44.48	61.43	121.86
Tangible Book Value, 2 Yr. CAGR %	-	82.51	102.99	139.82	239.32
Common Equity, 2 Yr. CAGR %	-	82.51	103.03	139.85	239.16
Cash From Operations, 2 Yr. CAGR %	-	94.28	84.62	158.09	176.57
Capital Expenditures, 2 Yr. CAGR %	-	35.92	54.93	32.32	59.97
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	53.49	21.28	93.37
Unlevered Free Cash Flow, 2 Yr. CAGR %