Cash flow Naspers Limited

Equities

NPN

ZAE000325783

Internet Services

End-of-day quote Johannesburg S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
3,536.12 ^ZAR	-2.89%		-3.85%	+13.05%

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Published financial data: NASPERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	4B	5.93B	7.94B	6.78B	6.43B
Total Revenues	4B	5.93B	7.94B	6.78B	6.43B
Cost of Goods Sold, Total	2.69B	4.09B	5.62B	4.88B	3.97B
Gross Profit	1.31B	1.85B	2.32B	1.9B	2.46B
Selling General & Admin Expenses, Total	1.96B	2.93B	3.06B	2.53B	2.65B
Other Operating Expenses	-9M	12M	-41M	-9M	380M
Other Operating Expenses, Total	1.95B	2.94B	3.02B	2.52B	3.03B
Operating Income	-642M	-1.1B	-697M	-628M	-562M
Interest Expense, Total	-229M	-268M	-411M	-571M	-585M
Interest And Investment Income	251M	106M	109M	545M	920M
Net Interest Expenses	22M	-162M	-302M	-26M	335M
Income (Loss) On Equity Invest.	3.93B	7.1B	9.26B	5.18B	2.81B
Currency Exchange Gains (Loss)	29M	80M	122M	19M	-
Other Non Operating Income (Expenses)	-11M	131M	10M	-	74M
EBT, Excl. Unusual Items	3.33B	6.05B	8.39B	4.54B	2.66B
Merger & Related Restructuring Charges	-	-56M	-43M	-31M	-
Impairment of Goodwill	-11.8M	-67.6M	-246M	-684M	-
Gain (Loss) On Sale Of Investments	403M	1.21B	10.76B	5.68B	4.33B
Gain (Loss) On Sale Of Assets	17M	118M	3M	-2M	-
Asset Writedown	-1.2M	-15.4M	-	-69M	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-102M	-13M	-223M	24M	-3M
EBT, Incl. Unusual Items	3.64B	7.22B	18.64B	9.46B	6.99B
Income Tax Expense	231M	-46M	106M	48M	151M
Earnings From Continuing Operations	3.4B	7.27B	18.54B	9.41B	6.84B
Earnings Of Discontinued Operations	-	-	-	542M	-270M
Net Income to Company	3.4B	7.27B	18.54B	9.95B	6.56B
Minority Interest	-267M	-1.96B	-6.32B	-5.62B	-3.71B
Net Income - (IS)	3.14B	5.3B	12.22B	4.33B	2.86B
Net Income to Common Incl Extra Items	3.14B	5.3B	12.22B	4.33B	2.86B
Net Income to Common Excl. Extra Items	3.14B	5.3B	12.22B	3.79B	3.12B
Per Share Items
Net EPS - Basic	7.18	12.43	42.18	20.78	15.32
Basic EPS - Continuing Operations	7.18	12.43	42.18	18.18	16.77
Basic Weighted Average Shares Outstanding	437M	427M	290M	208M	186M
Net EPS - Diluted	6.99	12.04	41.27	19.98	14.76
Diluted EPS - Continuing Operations	6.99	12.04	41.27	17.38	16.21
Diluted Weighted Average Shares Outstanding	438M	428M	291M	208M	187M
Normalized Basic EPS	4.15	4.25	-3.7	-13.36	-11
Normalized Diluted EPS	4.14	4.24	-3.69	-13.36	-10.98
Dividend Per Share	0.33	0.45	0.45	0.49	0.11
Payout Ratio	6.5	4.11	1.44	1.8	6.97
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	-512M	-938M	-536M	-488M	-362M
EBITA	-549M	-980M	-595M	-533M	-484M
EBIT	-642M	-1.1B	-697M	-628M	-562M
EBITDAR	-509M	-935M	-532M	-483M	-
Effective Tax Rate - (Ratio)	6.35	-0.64	0.57	0.51	2.16
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	205M	-47M	165M	75M	-
Total Deferred Taxes	26M	1M	-59M	-27M	-
Normalized Net Income	1.81B	1.81B	-1.07B	-2.78B	-2.05B
Interest on Long-Term Debt	14M	16M	18M	19M	18M
Supplemental Operating Expense Items
Net Rental Expense, Total	3M	3M	4M	5M	-
Imputed Operating Lease Interest Expense	1.51M	1.05M	1.07M	1.39M	-
Imputed Operating Lease Depreciation	1.49M	1.95M	2.93M	3.61M	-
Stock-Based Comp., Other (Total)	183M	855M	276M	-64.9M	32M
Total Stock-Based Compensation	183M	855M	276M	-64.9M	32M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.3B	3.76B	9.73B	9.85B	2.24B
Short Term Investments	4.02B	1.45B	3.92B	11.31B	17.02B
Trading Asset Securities, Total	-	1.24B	-	-	-
Total Cash And Short Term Investments	8.32B	6.45B	13.65B	21.16B	19.26B
Accounts Receivable, Total	238M	195M	331M	592M	310M
Other Receivables	481M	618M	902M	1.01B	1.07B
Notes Receivable	-	-	-	-	360M
Total Receivables	719M	813M	1.23B	1.6B	1.74B
Inventory	260M	397M	571M	415M	355M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	208M	26M	66M	654M	921M
Total Current Assets	9.51B	7.69B	15.52B	23.83B	22.28B
Gross Property Plant And Equipment	604M	797M	1.1B	1.16B	-
Accumulated Depreciation	-147M	-252M	-368M	-369M	-
Net Property Plant And Equipment	457M	545M	736M	786M	764M
Long-term Investments	23.18B	42.35B	50.22B	38.66B	37.37B
Goodwill	2.24B	2.19B	3.46B	1.48B	1.09B
Other Intangibles, Total	898M	825M	964M	391M	335M
Accounts Receivable Long-Term	8M	174M	243M	276M	-
Loans Receivable Long-Term	1M	-	-	-	197M
Deferred Tax Assets Long-Term	20M	27M	31M	21M	22M
Other Long-Term Assets, Total	11M	26M	146M	46M	211M
Total Assets	36.32B	53.82B	71.32B	65.5B	62.28B
Liabilities
Accounts Payable, Total	322M	395M	609M	406M	427M
Accrued Expenses, Total	459M	1.54B	647M	582M	1.88B
Short-term Borrowings	90M	101M	108M	133M	15M
Current Portion of Long-Term Debt	21M	48M	125M	414M	496M
Current Portion of Leases	46M	62M	73M	73M	-
Current Income Taxes Payable	7M	21M	7M	76M	31M
Unearned Revenue Current, Total	87M	128M	233M	216M	-
Other Current Liabilities	1.18B	2.01B	2.84B	2.71B	1.96B
Total Current Liabilities	2.21B	4.31B	4.64B	4.61B	4.8B
Long-Term Debt	3.53B	7.94B	15.66B	15.71B	15.99B
Long-Term Leases	231M	240M	272M	232M	-
Pension & Other Post Retirement Benefits	17M	22M	21M	16M	14M
Deferred Tax Liability Non Current	201M	229M	244M	113M	79M
Other Non Current Liabilities	207M	218M	352M	213M	105M
Total Liabilities	6.39B	12.96B	21.19B	20.89B	20.99B
Common Stock, Total	4M	4M	4M	4M	4.61B
Additional Paid In Capital	4.61B	4.61B	4.61B	4.61B	-
Retained Earnings	26.9B	32.02B	44.92B	48.96B	41.3B
Treasury Stock	-1.25B	-3.68B	-43.75B	-46.82B	-564M
Comprehensive Income and Other	-8.51B	-3.75B	14.8B	12.21B	-27.48B
Total Common Equity	21.75B	29.19B	20.58B	18.96B	17.87B
Minority Interest	8.18B	11.67B	29.55B	25.64B	23.41B
Total Equity	29.93B	40.86B	50.13B	44.6B	41.28B
Total Liabilities And Equity	36.32B	53.82B	71.32B	65.5B	62.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	428M	417M	214M	195M	182M
ECS Total Common Shares Outstanding	428M	417M	214M	195M	182M
Book Value / Share	50.82	69.95	95.95	97.05	98.16
Tangible Book Value	18.62B	26.18B	16.16B	17.09B	16.44B
Tangible Book Value Per Share	43.5	62.73	75.34	87.46	90.31
Total Debt	3.92B	8.39B	16.24B	16.56B	16.5B
Net Debt	-4.41B	1.94B	2.58B	-4.6B	-2.76B
Debt Equivalent Oper. Leases	24M	24M	32M	40M	-
Minority Interest, Total (Incl. Fin. Div)	8.18B	11.67B	29.55B	25.64B	23.41B
Equity Method Investments, Total	22.31B	40.73B	44.61B	36B	34.83B
Account Code - Inventory Valuation	6	6	6	6	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	1M	1M	2M	1M	-
Inventories - Finished Goods, Total	277M	416M	597M	452M	-
Land - (BS)	425M	497M	668M	671M	-
Machinery, Total	174M	211M	353M	333M	-
Full Time Employees	25.53K	28.44K	35.28K	27.57K	25.56K
Accumulated Allowance for Doubtful Accounts (Supple)	27M	33M	32M	72M	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	3.14B	5.3B	12.22B	4.33B	2.86B
Depreciation & Amortization - CF	96M	110M	138M	129M	122M
Amortization of Goodwill and Intangible Assets - (CF)	93M	118M	102M	95M	78M
Depreciation & Amortization, Total	189M	228M	240M	224M	200M
Amortization of Deferred Charges, Total - (CF)	29M	36M	44M	-	11M
(Gain) Loss From Sale Of Asset	-	-	-4M	-20M	-
(Gain) Loss on Sale of Investments - (CF)	60M	-968M	-10.74B	-5.66B	-
Asset Writedown & Restructuring Costs	13M	83M	246M	753M	-
(Income) Loss On Equity Investments - (CF)	-3.93B	-7.1B	-9.26B	-5.18B	-
Stock-Based Compensation (CF)	122M	781M	273M	-64M	-
Net Cash From Discontinued Operations	-	-	-	145M	-
Other Operating Activities, Total	218M	1.88B	6.85B	5.5B	-2.03B
Change In Accounts Receivable	14M	-55M	-210M	-75M	-
Change In Inventories	-26M	-121M	-221M	63M	-
Change In Accounts Payable	-20M	-	-	-	-
Change in Other Net Operating Assets	-	2M	-155M	-198M	-
Cash from Operations	-196M	73M	-702M	-177M	1.03B
Capital Expenditure	-92M	-124M	-249M	-268M	-73M
Sale of Property, Plant, and Equipment	4M	5M	19M	12M	11M
Cash Acquisitions	-468M	-15M	-1.9B	-18M	-2M
Divestitures	22M	27M	20M	2.06B	193M
Sale (Purchase) of Intangible assets	-21M	-16M	-28M	-34M	-24M
Investment in Marketable and Equity Securities, Total	2.87B	-398M	8.04B	10.83B	56M
Other Investing Activities, Total	-	-210M	-	-22M	-19M
Cash from Investing	2.32B	-731M	5.91B	12.56B	142M
Long-Term Debt Issued, Total	1.3B	4.59B	9.56B	196M	134M
Total Debt Issued	1.3B	4.59B	9.56B	196M	134M
Long-Term Debt Repaid, Total	-1.08B	-211M	-1.68B	-119M	-198M
Total Debt Repaid	-1.08B	-211M	-1.68B	-119M	-198M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1.43B	-2.34B	-1.29B	-3.15B	-3.07B
Common Dividends Paid	-204M	-218M	-176M	-78M	-199M
Common & Preferred Stock Dividends Paid	-204M	-218M	-176M	-78M	-199M
Other Financing Activities, Total	1.42B	-1.77B	-5.53B	-8.94B	-4.91B
Cash from Financing	6M	53M	894M	-12.1B	-8.24B
Foreign Exchange Rate Adjustments	-112M	83M	-132M	-82M	-181M
Miscellaneous Cash Flow Adjustments	-19M	-	-	-94M	-349M
Net Change in Cash	2B	-522M	5.97B	106M	-7.59B
Supplemental Items
Cash Interest Paid	235M	253M	389M	567M	585M
Cash Income Tax Paid (Refund)	215M	112M	197M	133M	144M
Levered Free Cash Flow	157M	2.12B	-808M	-1.91B	-846M
Unlevered Free Cash Flow	300M	2.29B	-552M	-1.55B	-480M
Change In Net Working Capital	-413M	-2B	399M	1.02B	275M
Net Debt Issued / Repaid	219M	4.38B	7.88B	77M	-64M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-1.15	-1.52	-0.7	-0.57	-0.55
Return on Total Capital	-1.23	-1.65	-0.75	-0.61	-0.59
Return On Equity %	11.73	20.53	40.75	19.87	15.92
Return on Common Equity	12.61	20.82	49.11	19.16	16.97
Margin Analysis
Gross Profit Margin %	32.72	31.11	29.26	27.96	38.33
SG&A Margin	48.99	49.41	38.55	37.36	41.16
EBITDA Margin %	-12.8	-15.81	-6.75	-7.2	-5.63
EBITA Margin %	-13.72	-16.51	-7.49	-7.86	-7.53
EBIT Margin %	-16.05	-18.5	-8.78	-9.27	-8.74
Income From Continuing Operations Margin %	85.08	122.48	233.48	138.86	106.28
Net Income Margin %	78.41	89.38	153.94	63.9	44.39
Net Avail. For Common Margin %	78.41	89.38	153.94	55.9	48.59
Normalized Net Income Margin	45.34	30.58	-13.51	-41.09	-31.87
Levered Free Cash Flow Margin