Balance Sheet Modern Times Group MTG AB

Stocks

MTG B

SE0018012494

Software

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-06-12 pm EDT			5-day change	1st Jan Change
126.30 ^SEK	+1.61%		-3.00%	+10.11%

Jun. 04	MTG remains a buy for SHB on attractive valuation	FW
Jun. 04	Global firms exploit India's IPO boom to take profits back to home countries	RE

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Published financial data: MODERN TIMES GROUP MTG AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	5.31B	5.54B	5.83B	6.02B	11.58B
Total Revenues	5.31B	5.54B	5.83B	6.02B	11.58B
Cost of Goods Sold, Total	2.72B	1.52B	1.58B	1.55B	3.94B
Gross Profit	2.58B	4.01B	4.25B	4.46B	7.64B
Selling General & Admin Expenses, Total	2.36B	3.49B	3.37B	3.58B	6.67B
Other Operating Expenses	-21M	-12M	-37M	-4M	20M
Other Operating Expenses, Total	2.34B	3.48B	3.34B	3.57B	6.69B
Operating Income	244M	533M	915M	888M	951M
Interest Expense, Total	-162M	-239M	-213M	-3M	-282M
Interest And Investment Income	5M	73M	163M	132M	40M
Net Interest Expenses	-157M	-166M	-50M	129M	-242M
Income (Loss) On Equity Invest.	-1M	-	1M	-	1M
Currency Exchange Gains (Loss)	-156M	341M	69M	-84M	245M
Other Non Operating Income (Expenses)	-153M	-7M	-7M	-13M	-9M
EBT, Excl. Unusual Items	-223M	701M	928M	920M	946M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-52M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	12M	20M	-	-738M	-524M
Gain (Loss) On Sale Of Assets	-	-	1M	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-224M	-368M	-	-
EBT, Incl. Unusual Items	-263M	497M	561M	182M	422M
Income Tax Expense	191M	246M	397M	392M	484M
Earnings From Continuing Operations	-454M	251M	164M	-210M	-62M
Earnings Of Discontinued Operations	-	6.22B	-	-	-
Net Income to Company	-454M	6.47B	164M	-210M	-62M
Minority Interest	54M	105M	-	-	-
Net Income - (IS)	-400M	6.58B	164M	-210M	-62M
Net Income to Common Incl Extra Items	-400M	6.58B	164M	-210M	-62M
Net Income to Common Excl. Extra Items	-400M	356M	164M	-210M	-62M
Per Share Items
Net EPS - Basic	-3.85	56.25	1.33	-1.74	-0.53
Basic EPS - Continuing Operations	-3.85	3.04	1.33	-1.74	-0.53
Basic Weighted Average Shares Outstanding	104M	117M	123M	121M	117M
Net EPS - Diluted	-3.85	55.72	1.32	-1.74	-0.53
Diluted EPS - Continuing Operations	-3.85	2.69	1.32	-1.74	-0.53
Diluted Weighted Average Shares Outstanding	104M	117M	124M	121M	117M
Normalized Basic EPS	-0.82	4.64	4.71	4.77	5.05
Normalized Diluted EPS	-0.82	4.63	4.69	4.77	5.05
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	605M	1.17B	1.43B	1.45B	1.91B
EBITA	557M	1.15B	1.4B	1.43B	1.86B
EBIT	244M	533M	915M	888M	951M
EBITDAR	617M	1.18B	1.44B	1.46B	1.92B
Effective Tax Rate - (Ratio)	-72.62	49.5	70.77	215.38	114.69
Total Current Taxes	260M	449M	451M	529M	673M
Total Deferred Taxes	-70M	-202M	-53M	-137M	-189M
Normalized Net Income	-85.38M	543M	580M	575M	591M
Interest on Long-Term Debt	2M	1M	1M	2M	17M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.13B	2.22B	2.34B	2.3B	4.72B
General and Administrative Expenses	1.23B	1.28B	1.03B	1.28B	1.95B
Research And Development Expense From Footnotes	119M	317M	249M	268M	379M
Net Rental Expense, Total	12M	5M	7M	7M	16M
Imputed Operating Lease Interest Expense	5.32M	5.4M	15.86M	771K	17.86M
Imputed Operating Lease Depreciation	6.68M	-400K	-8.86M	6.23M	-1.86M
Stock-Based Comp., Other (Total)	98M	99M	33M	24M	45M
Total Stock-Based Compensation	98M	99M	33M	24M	45M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	943M	4.73B	2.96B	3.54B	1.23B
Total Cash And Short Term Investments	943M	4.73B	2.96B	3.54B	1.23B
Accounts Receivable, Total	754M	436M	568M	553M	867M
Other Receivables	150M	79M	122M	144M	245M
Notes Receivable	-	-	-	-	-
Total Receivables	904M	515M	690M	697M	1.11B
Inventory	10M	-	-	-	-
Prepaid Expenses	197M	93M	96M	93M	177M
Other Current Assets, Total	-	-	1M	-	-
Total Current Assets	2.05B	5.34B	3.74B	4.33B	2.52B
Gross Property Plant And Equipment	384M	159M	276M	261M	852M
Accumulated Depreciation	-142M	-36M	-65M	-83M	-484M
Net Property Plant And Equipment	242M	123M	211M	178M	368M
Long-term Investments	503M	409M	398M	1.29B	351M
Goodwill	11.03B	10.28B	10.42B	10.38B	10.7B
Other Intangibles, Total	1.9B	1.26B	1.26B	889M	3.82B
Deferred Tax Assets Long-Term	243M	134M	133M	72M	100M
Deferred Charges Long-Term	1.39B	1.16B	1.18B	873M	1.32B
Other Long-Term Assets, Total	68M	67M	156M	51M	100M
Total Assets	17.44B	18.77B	17.5B	18.07B	19.29B
Liabilities
Accounts Payable, Total	483M	211M	316M	386M	464M
Accrued Expenses, Total	820M	363M	349M	412M	832M
Short-term Borrowings	743M	707M	534M	-	-
Current Portion of Long-Term Debt	1B	-	-	-	363M
Current Portion of Leases	42M	34M	36M	36M	55M
Current Income Taxes Payable	26M	48M	55M	90M	61M
Other Current Liabilities	467M	1.41B	575M	1.8B	2.47B
Total Current Liabilities	3.58B	2.77B	1.86B	2.73B	4.25B
Long-Term Debt	900M	-	23M	88M	3.19B
Long-Term Leases	83M	32M	138M	115M	198M
Deferred Tax Liability Non Current	784M	516M	522M	401M	874M
Other Non Current Liabilities	2.16B	1.51B	1.24B	1B	163M
Total Liabilities	7.51B	4.84B	3.79B	4.33B	8.67B
Common Stock, Total	585M	670M	658M	642M	616M
Additional Paid In Capital	5.7B	7.11B	7.44B	7.44B	7.44B
Retained Earnings	1.42B	4.9B	4.63B	4.13B	4.19B
Comprehensive Income and Other	288M	1.25B	992M	1.53B	-1.63B
Total Common Equity	8B	13.93B	13.71B	13.74B	10.62B
Minority Interest	1.92B	-	-	-	-
Total Equity	9.92B	13.93B	13.71B	13.74B	10.62B
Total Liabilities And Equity	17.44B	18.77B	17.5B	18.07B	19.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	110M	124M	122M	118M	116M
ECS Total Common Shares Outstanding	110M	124M	122M	118M	116M
Book Value / Share	72.49	112.62	112.7	116.11	91.68
Tangible Book Value	-4.94B	2.39B	2.04B	2.46B	-3.91B
Tangible Book Value Per Share	-44.71	19.35	16.76	20.83	-33.73
Total Debt	2.77B	773M	731M	239M	3.8B
Net Debt	1.82B	-3.96B	-2.22B	-3.3B	2.57B
Debt Equivalent Oper. Leases	96M	40M	56M	56M	128M
Minority Interest, Total (Incl. Fin. Div)	1.92B	-	-	-	-
Equity Method Investments, Total	22M	1M	1M	2M	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	10M	-	-	-	-
Inventories - Others	-	-	-	-	-
Buildings, Total	-	-	-	-	66M
Machinery, Total	261M	94M	104M	111M	536M
Full Time Employees	1K	916	1.02K	1.05K	2.32K
Part Time Employees	71	62	70	-	1
Accumulated Allowance for Doubtful Accounts (Supple)	28M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-400M	6.58B	164M	-210M	-62M
Depreciation & Amortization - CF	93M	52M	66M	59M	103M
Amortization of Goodwill and Intangible Assets - (CF)	313M	619M	487M	540M	909M
Depreciation & Amortization, Total	406M	671M	553M	599M	1.01B
Amortization of Deferred Charges, Total - (CF)	119M	-	-	-	407M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	141M	193M	331M	-	-
(Income) Loss On Equity Investments - (CF)	2M	-	-1M	-	-4M
Net Cash From Discontinued Operations	-	8.46B	-	-	-
Other Operating Activities, Total	65M	-6.4B	235M	688M	211M
Change In Accounts Receivable	-174M	-45M	-201M	34M	-99M
Change In Inventories	1M	-	-	-	-
Change In Accounts Payable	186M	-151M	115M	-	-
Change in Other Net Operating Assets	-40M	25M	62M	229M	258M
Cash from Operations	306M	9.33B	1.26B	1.34B	1.72B
Capital Expenditure	-252M	-234M	-212M	-98M	-198M
Cash Acquisitions	-3.09B	-379M	-2.03B	-529M	-7.26B
Divestitures	-	-	-	-15M	-
Investment in Marketable and Equity Securities, Total	-	-23M	-114M	91M	-45M
Other Investing Activities, Total	-32M	-	-1M	-	1M
Cash from Investing	-3.37B	-636M	-2.35B	-551M	-7.5B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.9B	100M	-	-	5.02B
Total Debt Issued	1.9B	100M	-	-	5.02B
Short Term Debt Repaid, Total	-1.14B	-	-	-	-
Long-Term Debt Repaid, Total	-1.85B	-2.04B	-38M	-38M	-852M
Total Debt Repaid	-2.99B	-2.04B	-38M	-38M	-852M
Issuance of Common Stock	3.6B	-	-	-	-
Repurchase of Common Stock	-	-3.18B	-499M	-350M	-345M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	299M	137M	1M	-	-
Cash from Financing	2.82B	-4.97B	-536M	-388M	3.83B
Foreign Exchange Rate Adjustments	41M	74M	-147M	186M	-360M
Miscellaneous Cash Flow Adjustments	-	-	1M	-	-1M
Net Change in Cash	-210M	3.79B	-1.78B	587M	-2.31B
Supplemental Items
Cash Interest Paid	16M	10M	-	-	236M
Cash Income Tax Paid (Refund)	286M	408M	431M	522M	695M
Levered Free Cash Flow	741M	1.46B	-103M	1.94B	2.14B
Unlevered Free Cash Flow	842M	1.61B	29.88M	1.94B	2.31B
Change In Net Working Capital	-319M	-739M	916M	-858M	-453M
Net Debt Issued / Repaid	-1.09B	-1.94B	-38M	-38M	4.17B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.08	1.84	3.15	3.12	3.18
Return on Total Capital	1.45	2.43	3.92	3.98	4.19
Return On Equity %	-6	2.1	1.19	-1.53	-0.51
Return on Common Equity	-6.76	3.25	1.19	-1.53	-0.51
Margin Analysis
Gross Profit Margin %	48.68	72.49	72.95	74.16	65.96
SG&A Margin	44.48	63.08	57.88	59.47	57.58
EBITDA Margin %	11.4	21.13	24.57	24.12	16.46
EBITA Margin %	10.5	20.81	24.05	23.74	16.06
EBIT Margin %	4.6	9.63	15.7	14.76	8.21
Income From Continuing Operations Margin %	-8.56	4.53	2.81	-3.49	-0.54
Net Income Margin %	-7.54	118.82	2.81	-3.49	-0.54
Net Avail. For Common Margin %	-7.54	6.43	2.81	-3.49	-0.54
Normalized Net Income Margin	-1.61	9.81	9.95	9.56	5.11
Levered Free Cash Flow Margin	13.97	26.35	-1.77	32.19	18.46
Unlevered Free Cash Flow Margin	15.88	29.04	0.51	32.22	19.98
Asset Turnover
Asset Turnover	0.38	0.31	0.32	0.34	0.62
Fixed Assets Turnover	22.34	30.34	34.9	30.93	42.41
Receivables Turnover (Average Receivables)	8.71	9.31	11.61	10.73	16.31
Inventory Turnover (Average Inventory)	259.33	-	-	-	-
Short Term Liquidity
Current Ratio	0.57	1.93	2.01	1.59	0.59
Quick Ratio	0.52	1.89	1.95	1.56	0.55
Operating Cash Flow to Current Liabilities	0.09	3.36	0.67	0.49	0.41
Days Sales Outstanding (Average Receivables)	41.93	39.22	31.43	34.1	22.38
Days Outstanding Inventory (Average Inventory)	1.41	-	-	-	-
Average Days Payable Outstanding	49.35	-	60.99	82.67	39.36
Cash Conversion Cycle (Average Days)	-6.01	-	-	-	-
Long Term Solvency
Total Debt/Equity	27.89	5.55	5.33	1.74	35.81
Total Debt / Total Capital	21.81	5.26	5.06	1.71	26.37
LT Debt/Equity	9.91	0.23	1.17	1.48	31.87
Long-Term Debt / Total Capital	7.75	0.22	1.11	1.45	23.47
Total Liabilities / Total Assets	43.09	25.76	21.63	23.98	44.95
EBIT / Interest Expense	1.51	2.23	4.3	296	3.37
EBITDA / Interest Expense	4.01	5.04	6.89	495.67	6.96
(EBITDA - Capex) / Interest Expense	2.46	4.06	5.9	463	6.26
Total Debt / EBITDA	4.26	0.64	0.5	0.16	1.94
Net Debt / EBITDA	2.81	-3.29	-1.52	-2.22	1.31
Total Debt / (EBITDA - Capex)	6.95	0.8	0.58	0.17	2.15
Net Debt / (EBITDA - Capex)	4.59	-4.08	-1.77	-2.38	1.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.75	40.85	5.27	3.19	92.5
Gross Profit, 1 Yr. Growth %	15	69.8	5.93	4.92	71.22
EBITDA, 1 Yr. Growth %	97.71	18.06	22.5	4.31	64.31
EBITA, 1 Yr. Growth %	116.73	18.89	21.7	4.92	63.59
EBIT, 1 Yr. Growth %	148.98	-4.65	71.67	1.6	7.09
Earnings From Cont. Operations, 1 Yr. Growth %	372.92	-201.62	-34.66	-228.05	-70.48
Net Income, 1 Yr. Growth %	75.44	-1.74K	-97.51	-228.05	-70.48
Normalized Net Income, 1 Yr. Growth %	106.34	181.78	6.79	-16.36	2.83
Diluted EPS Before Extra, 1 Yr. Growth %	13.83	-244.62	-50.93	-232.02	-69.59
Accounts Receivable, 1 Yr. Growth %	62.15	-42.18	30.28	-2.64	56.78
Inventory, 1 Yr. Growth %	-9.09	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	3.86	-49.17	71.54	-15.64	106.74
Total Assets, 1 Yr. Growth %	61.44	7.65	-6.76	3.25	6.74
Tangible Book Value, 1 Yr. Growth %	37.43	-148.51	-14.9	20.84	-258.52
Common Equity, 1 Yr. Growth %	108.33	74.13	-1.58	0.16	-22.71
Cash From Operations, 1 Yr. Growth %	13.33	2.95K	-86.51	6.52	28.58
Capital Expenditures, 1 Yr. Growth %	21.15	-7.14	-9.4	-53.77	102.04
Levered Free Cash Flow, 1 Yr. Growth %	153.09	73.3	-107.08	260.13	1.71
Unlevered Free Cash Flow, 1 Yr. Growth %	178.74	70.65	-98.14	260.06	10
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.84	17.7	21.77	4.23	40.94
Gross Profit, 2 Yr. CAGR %	12.17	33.69	34.11	5.42	34.03
EBITDA, 2 Yr. CAGR %	225.79	95.54	20.21	11.41	17.06
EBITA, 2 Yr. CAGR %	734.42	111.72	20.29	11.34	16.9
EBIT, 2 Yr. CAGR %	30.17	133.21	27.94	29.08	4.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.44	61.7	-18.52	-8.53	-38.51
Net Income, 2 Yr. CAGR %	-83.27	437.17	-35.97	-82.13	-38.51
Normalized Net Income, 2 Yr. CAGR %	-34.44	262.31	73.47	2.89	-7.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.4	-10.86	-15.76	-19.51	-36.63
Accounts Receivable, 2 Yr. CAGR %	31.96	-3.17	-13.21	12.62	23.55
Inventory, 2 Yr. CAGR %	-30.99	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.44	-27.34	-6.62	20.3	32.06
Total Assets, 2 Yr. CAGR %	39.48	31.83	0.18	-1.89	4.98
Tangible Book Value, 2 Yr. CAGR %	530.86	-18.35	-35.72	1.41	38.41
Common Equity, 2 Yr. CAGR %	24.3	90.47	30.91	-0.71	-12.01
Cash From Operations, 2 Yr. CAGR %	-39.68	487.75	102.76	-62.1	17.03
Capital Expenditures, 2 Yr. CAGR %	2.9	6.07	-8.28	-35.28	-3.36
Levered Free Cash Flow, 2 Yr. CAGR %	-38.81	123.18	-64.98	15.25	99.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	-34.9	130.66	-82.2	9.81	107.32
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.37	9.29	13.4	15.23	27.88
Gross Profit, 3 Yr. CAGR %	8.7	25.04	23.71	23.57	23.92
EBITDA, 3 Yr. CAGR %	242.94	173.8	67.27	13.55	17.7
EBITA, 3 Yr. CAGR %	121.87	424.15	76.04	13.8	17.32
EBIT, 3 Yr. CAGR %	14.39	54.69	110.57	16.68	21.29
Earnings From Cont. Operations, 3 Yr. CAGR %	61.89	-18.17	19.54	-5.27	-37.26
Net Income, 3 Yr. CAGR %	-27.21	-22.79	-10.4	-19.33	-78.88
Normalized Net Income, 3 Yr. CAGR %	-19	39.84	141.12	43.95	2.87
Diluted EPS Before Extra, 3 Yr. CAGR %	6.72	-31	-26.95	-2.15	-41.81
Accounts Receivable, 3 Yr. CAGR %	-23.48	0.23	6.9	-9.82	25.75
Inventory, 3 Yr. CAGR %	-52.1	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.58	-22.57	-3.25	-9.73	44.09
Total Assets, 3 Yr. CAGR %	-4.98	27.94	17.46	1.19	0.91
Tangible Book Value, 3 Yr. CAGR %	22.15	168.27	-17.19	-20.67	17.69
Common Equity, 3 Yr. CAGR %	12.12	39.08	52.84	19.73	-8.66
Cash From Operations, 3 Yr. CAGR %	-33.62	123.01	67.02	63.6	-43.05
Capital Expenditures, 3 Yr. CAGR %	-30.94	-0.56	0.64	-27.01	-5.42
Levered Free Cash Flow, 3 Yr. CAGR %	-20.2	-9.68	-29.36	32	13.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-16.3	-6.82	-53.76	27.17	12.91
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-18.77	-20.59	8.7	7.23	23.7
Gross Profit, 5 Yr. CAGR %	-12.67	-9.48	16.15	16.79	27.74
EBITDA, 5 Yr. CAGR %	-13.19	-5.25	148.87	91.06	44.17
EBITA, 5 Yr. CAGR %	-13.13	-4.15	94.02	182.05	48.56
EBIT, 5 Yr. CAGR %	-25.66	-16.56	41.2	43.88	57.54
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.41	-16.33	8.92	-14.44	-8.37
Net Income, 5 Yr. CAGR %	13.43	39.4	-30.85	-57.01	-22.93
Normalized Net Income, 5 Yr. CAGR %	-30.2	-4.47	29.28	23.69	70.22
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.69	-18.47	-16.08	-26.62	-30.99
Accounts Receivable, 5 Yr. CAGR %	-14.77	-26.03	-19.53	5.01	13.27
Inventory, 5 Yr. CAGR %	-35.12	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.04	-14.68	-4.81	-7.65	9.57
Total Assets, 5 Yr. CAGR %	-0.3	-0.54	-2.95	15.05	12.3
Tangible Book Value, 5 Yr. CAGR %	31.84	-5.67	-5.52	81.82	1.7
Common Equity, 5 Yr. CAGR %	10.72	21.89	19.29	21.54	22.55
Cash From Operations, 5 Yr. CAGR %	-28.43	71.54	3.76	9.76	44.87
Capital Expenditures, 5 Yr. CAGR %	-3.93	-6.64	-22.64	-16.26	-0.98
Levered Free Cash Flow, 5 Yr. CAGR %	44.76	-7.56	-41.12	-0.45	48.81
Unlevered Free Cash Flow, 5 Yr. CAGR %	38.91	-5.99	-53.91	-0.51	50.24
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-