Cash flow Lindt

Equities

LISN

CH0010570759

Food Processing

Delayed Swiss Exchange Other stock markets 05:57:36 2024-09-20 am EDT			5-day change	1st Jan Change
105,400.00 ^CHF	-1.31%		-0.94%	+3.33%

Sep. 17	LINDT & SPRÜNGLI : Barclays raises its recommendation	CF
Aug. 23	Nestle CEO Schneider was ousted due to company's underperformance - three sources	RE

e8952c87.R6eX29SLw6q9irmCapGoee6IQ9AFkx8ony4WXaM8hp0.FpLj44y-udv1xcH4K-b-L5ziL6dnpFBM_GglFZNTsKsF8NPrkNugmIqziQ

Published financial data: LINDT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.51B	4.02B	4.59B	4.97B	5.2B
Other Revenues, Total	16.6M	17.8M	25.9M	29.1M	30.3M
Total Revenues	4.53B	4.03B	4.61B	5B	5.23B
Cost of Goods Sold, Total	1.51B	1.42B	1.52B	1.68B	1.71B
Gross Profit	3.01B	2.61B	3.09B	3.32B	3.53B
Selling General & Admin Expenses, Total	2.07B	1.92B	2.18B	2.3B	2.43B
Depreciation & Amortization - (IS)	265M	252M	267M	265M	268M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	2.33B	2.17B	2.44B	2.57B	2.7B
Operating Income	680M	439M	649M	754M	827M
Interest Expense, Total	-35M	-27.6M	-25.4M	-29.7M	-33.6M
Interest And Investment Income	1.8M	1.1M	1.8M	2.5M	9.3M
Net Interest Expenses	-33.2M	-26.5M	-23.6M	-27.2M	-24.3M
Other Non Operating Income (Expenses)	1.3M	300K	400K	4.1M	-1.3M
EBT, Excl. Unusual Items	648M	413M	626M	731M	801M
Restructuring Charges	-3.1M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	4.4M	5.5M	-1.2M	-600K
Asset Writedown	-57.5M	-23.3M	-9.6M	-8.1M	-13M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-26.1M	-	-	-	-
EBT, Incl. Unusual Items	561M	394M	622M	722M	788M
Income Tax Expense	49.2M	74M	131M	152M	116M
Earnings From Continuing Operations	512M	320M	490M	570M	671M
Net Income to Company	512M	320M	490M	570M	671M
Minority Interest	-2.3M	1.6M	-	-	-
Net Income - (IS)	510M	322M	490M	570M	671M
Net Income to Common Incl Extra Items	510M	322M	490M	570M	671M
Net Income to Common Excl. Extra Items	510M	322M	490M	570M	671M
Per Share Items
Net EPS - Basic	2.14K	1.33K	2.05K	2.42K	2.89K
Basic EPS - Continuing Operations	2.14K	1.33K	2.05K	2.42K	2.89K
Basic Weighted Average Shares Outstanding	238K	241K	239K	236K	232K
Net EPS - Diluted	2.12K	1.32K	2.02K	2.39K	2.86K
Diluted EPS - Continuing Operations	2.12K	1.32K	2.02K	2.39K	2.86K
Diluted Weighted Average Shares Outstanding	240K	243K	243K	239K	235K
Normalized Basic EPS	1.69K	1.08K	1.63K	1.94K	2.15K
Normalized Diluted EPS	1.68K	1.07K	1.61K	1.91K	2.13K
Dividend Per Share	1.05K	1.1K	1.2K	1.3K	1.4K
Payout Ratio	46.47	129.81	53.84	49.87	45.22
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	858M	608M	825M	927M	1B
EBITA	689M	448M	659M	762M	835M
EBIT	680M	439M	649M	754M	827M
EBITDAR	884M	622M	843M	955M	1.03B
Total Revenues (As Reported)	4.53B	4.04B	4.62B	5B	5.23B
Effective Tax Rate - (Ratio)	8.77	18.78	21.1	21.04	14.74
Total Current Taxes	116M	98.6M	159M	146M	161M
Total Deferred Taxes	-57.9M	-26.9M	-30.4M	3.8M	-47.4M
Normalized Net Income	403M	260M	391M	457M	501M
Interest on Long-Term Debt	16.9M	14.4M	14.1M	13.3M	13M
Non-Cash Pension Expense	-17M	-6.1M	-8.3M	-16.5M	-42.2M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	14.7M	14.8M	17.1M	18.4M	19.9M
Net Rental Expense, Total	26.1M	14.4M	17.4M	27.9M	32.1M
Imputed Operating Lease Interest Expense	5.86M	2.16M	2.4M	4.54M	6.07M
Imputed Operating Lease Depreciation	20.24M	12.24M	15M	23.36M	26.03M
Stock-Based Comp., Other (Total)	14.5M	15.5M	14.8M	16M	19.3M
Total Stock-Based Compensation	14.5M	15.5M	14.8M	16M	19.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	655M	848M	937M	865M	462M
Short Term Investments	405M	402M	250M	300K	300K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.06B	1.25B	1.19B	865M	462M
Accounts Receivable, Total	974M	825M	895M	953M	998M
Other Receivables	160M	154M	157M	157M	162M
Total Receivables	1.13B	979M	1.05B	1.11B	1.16B
Inventory	750M	702M	762M	876M	922M
Other Current Assets, Total	31.9M	23.5M	23.8M	39.1M	65.5M
Total Current Assets	2.98B	2.95B	3.02B	2.89B	2.61B
Gross Property Plant And Equipment	3.53B	3.56B	3.68B	3.66B	3.65B
Accumulated Depreciation	-1.76B	-1.82B	-1.9B	-1.89B	-1.9B
Net Property Plant And Equipment	1.77B	1.74B	1.78B	1.77B	1.75B
Long-term Investments	1.1M	-	300K	300K	100K
Goodwill	763M	706M	732M	740M	671M
Other Intangibles, Total	604M	594M	577M	581M	566M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	123M	162M	186M	155M	206M
Other Long-Term Assets, Total	1.8B	1.9B	2.65B	1.81B	2.06B
Total Assets	8.04B	8.05B	8.96B	7.95B	7.86B
Liabilities
Accounts Payable, Total	234M	187M	238M	290M	306M
Accrued Expenses, Total	693M	745M	909M	942M	938M
Short-term Borrowings	5.6M	3.9M	15.4M	7.8M	12.9M
Current Portion of Long-Term Debt	500M	-	-	-	250M
Current Portion of Leases	67.5M	68.1M	70.1M	68M	68.5M
Current Income Taxes Payable	99.8M	90.4M	120M	129M	105M
Other Current Liabilities	90M	185M	134M	139M	162M
Total Current Liabilities	1.69B	1.28B	1.49B	1.58B	1.84B
Long-Term Debt	498M	997M	998M	998M	749M
Long-Term Leases	412M	390M	399M	362M	326M
Pension & Other Post Retirement Benefits	185M	154M	137M	95.3M	112M
Deferred Tax Liability Non Current	542M	580M	670M	460M	521M
Other Non Current Liabilities	44.6M	43.7M	43.6M	51.6M	52.6M
Total Liabilities	3.37B	3.44B	3.73B	3.54B	3.6B
Common Stock, Total	24.3M	24M	24.2M	23.9M	23.6M
Additional Paid In Capital	325M	334M	365M	353M	417M
Retained Earnings	4.98B	4.7B	5.71B	5.03B	5.05B
Treasury Stock	-399M	-26.7M	-461M	-570M	-620M
Comprehensive Income and Other	-273M	-427M	-414M	-435M	-617M
Total Common Equity	4.66B	4.6B	5.22B	4.4B	4.26B
Minority Interest	10.4M	5.5M	-	-	-
Total Equity	4.67B	4.61B	5.22B	4.4B	4.26B
Total Liabilities And Equity	8.04B	8.05B	8.96B	7.95B	7.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	237K	240K	238K	234K	230K
ECS Total Common Shares Outstanding	237K	240K	238K	234K	230K
Book Value / Share	19.65K	19.2K	21.97K	18.82K	18.51K
Tangible Book Value	3.29B	3.3B	3.91B	3.08B	3.02B
Tangible Book Value Per Share	13.89K	13.77K	16.46K	13.17K	13.13K
Total Debt	1.48B	1.46B	1.48B	1.44B	1.41B
Net Debt	423M	209M	295M	571M	943M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.65B	-1.76B	-2.55B	-2.04B	-2.16B
Debt Equivalent Oper. Leases	209M	115M	139M	223M	257M
Minority Interest, Total (Incl. Fin. Div)	10.4M	5.5M	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	230M	226M	247M	308M	309M
Inventories - Work In Process, Total	570M	541M	594M	652M	693M
Land - (BS)	1.18B	1.18B	1.2B	1.21B	1.2B
Machinery, Total	1.48B	1.52B	1.58B	1.59B	1.57B
Full Time Employees	14.62K	13.5K	14K	14K	14.5K
Accumulated Allowance for Doubtful Accounts (Supple)	28.1M	31.7M	31.1M	31.3M	30.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	510M	322M	490M	570M	671M
Depreciation & Amortization - CF	244M	230M	243M	240M	242M
Amortization of Goodwill and Intangible Assets - (CF)	9.7M	9.2M	9.6M	8.5M	8M
Depreciation & Amortization, Total	254M	239M	253M	249M	250M
Amortization of Deferred Charges, Total - (CF)	11.3M	13.2M	14.2M	16.3M	17.4M
(Gain) Loss From Sale Of Asset	-	-4.4M	-5.5M	1.2M	600K
Asset Writedown & Restructuring Costs	57.5M	23.3M	9.6M	8.1M	13M
Other Operating Activities, Total	27.1M	-11.8M	26.8M	36.7M	-19.4M
Change In Accounts Receivable	34.9M	90.1M	-73.2M	-85.9M	-115M
Change In Inventories	-15.3M	-800K	-79.2M	-141M	-116M
Change In Accounts Payable	15.5M	-34.2M	57.2M	62.3M	35.4M
Change in Other Net Operating Assets	-63.7M	151M	134M	39.5M	41.4M
Cash from Operations	831M	788M	827M	756M	779M
Capital Expenditure	-209M	-226M	-217M	-205M	-280M
Sale of Property, Plant, and Equipment	5.5M	8M	8.7M	1.5M	800K
Cash Acquisitions	-	-1.7M	-1.5M	-	-
Sale (Purchase) of Intangible assets	-25.8M	-23.2M	-23.5M	-24.3M	-21.3M
Investment in Marketable and Equity Securities, Total	-402M	2.3M	151M	250M	-
Other Investing Activities, Total	-	-	-200K	-100K	-
Cash from Investing	-632M	-240M	-82.5M	21.8M	-301M
Short Term Debt Issued, Total	-	-	15M	3.7M	-
Long-Term Debt Issued, Total	-	499M	-	-	11.1M
Total Debt Issued	-	499M	15M	3.7M	11.1M
Short Term Debt Repaid, Total	-	-1.6M	-2.9M	-11.8M	-
Long-Term Debt Repaid, Total	-74M	-565M	-73M	-75.4M	-79.7M
Total Debt Repaid	-74M	-567M	-75.9M	-87.2M	-79.7M
Issuance of Common Stock	113M	181M	134M	83.5M	111M
Repurchase of Common Stock	-337M	-34.9M	-433M	-551M	-594M
Common Dividends Paid	-237M	-418M	-264M	-284M	-304M
Common & Preferred Stock Dividends Paid	-237M	-418M	-264M	-284M	-304M
Other Financing Activities, Total	-500K	-400K	-30.4M	-	-
Cash from Financing	-536M	-340M	-655M	-836M	-856M
Foreign Exchange Rate Adjustments	-5M	-13.4M	-500K	-14.9M	-24.5M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-341M	194M	88.8M	-72.6M	-402M
Supplemental Items
Cash Interest Paid	34.7M	27.2M	24.7M	28.3M	33.8M
Cash Income Tax Paid (Refund)	143M	120M	122M	138M	165M
Levered Free Cash Flow	568M	580M	489M	418M	370M
Unlevered Free Cash Flow	590M	597M	505M	436M	391M
Change In Net Working Capital	-120M	-304M	-58.4M	86.3M	111M
Net Debt Issued / Repaid	-74M	-67.9M	-60.9M	-83.5M	-68.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.56	3.41	4.77	5.58	6.54
Return on Total Capital	7.29	4.49	6.35	7.51	8.99
Return On Equity %	11.18	6.9	9.98	11.84	15.51
Return on Common Equity	11.15	6.95	9.99	11.84	15.51
Margin Analysis
Gross Profit Margin %	66.53	64.76	67.08	66.44	67.39
SG&A Margin	45.65	47.62	47.22	46.06	46.47
EBITDA Margin %	18.95	15.07	17.9	18.55	19.14
EBITA Margin %	15.23	11.11	14.28	15.25	15.96
EBIT Margin %	15.02	10.89	14.07	15.08	15.8
Income From Continuing Operations Margin %	11.31	7.93	10.64	11.4	12.83
Net Income Margin %	11.26	7.97	10.64	11.4	12.83
Net Avail. For Common Margin %	11.26	7.97	10.64	11.4	12.83
Normalized Net Income Margin	8.9	6.44	8.48	9.14	9.57
Levered Free Cash Flow Margin	12.55	14.37	10.61	8.36	7.07
Unlevered Free Cash Flow Margin	13.04	14.79	10.96	8.73	7.47
Asset Turnover
Asset Turnover	0.59	0.5	0.54	0.59	0.66
Fixed Assets Turnover	2.9	2.3	2.62	2.82	2.98
Receivables Turnover (Average Receivables)	4.52	4.47	5.33	5.38	5.33
Inventory Turnover (Average Inventory)	2.02	1.96	2.08	2.05	1.9
Short Term Liquidity
Current Ratio	1.76	2.31	2.04	1.83	1.42
Quick Ratio	1.3	1.74	1.51	1.25	0.88
Operating Cash Flow to Current Liabilities	0.49	0.62	0.56	0.48	0.42
Days Sales Outstanding (Average Receivables)	80.83	81.95	68.47	67.87	68.45
Days Outstanding Invent