Cash flow Nexxen International Ltd.

Equities

NEXN

IL0011320343

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Market Closed - London S.E. Other stock markets 11:35:15 2025-01-17 am EST			5-day change	1st Jan Change
410.50 ^GBX	+1.48%		+3.14%	+2.62%

Jan. 06	Nexxen Launches Nexxen U, Connected Tv and Digital Convergence	CI
Jan. 03	RBC Raises Price Target on Nexxen International to $13 From $11, Keeps Outperform Rating	MT

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Published financial data: NEXXEN INTERNATIONAL LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	326M	212M	342M	335M	332M
Total Revenues	326M	212M	342M	335M	332M
Cost of Goods Sold, Total	187M	59.81M	71.65M	60.74M	62.27M
Gross Profit	139M	152M	270M	275M	270M
Selling General & Admin Expenses, Total	99.43M	123M	138M	152M	157M
R&D Expenses	33.04M	33.09M	18.42M	33.66M	49.68M
Depreciation & Amortization - (IS)	-	-	40.26M	42.7M	78.28M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	51K	23K	-5.11M	-2K
Other Operating Expenses, Total	132M	156M	197M	223M	285M
Operating Income	6.04M	-4.3M	73.73M	51.31M	-15.04M
Interest Expense, Total	-1.09M	-1.86M	-2.67M	-4.61M	-10.2M
Interest And Investment Income	773K	445K	483K	2.28M	8.19M
Net Interest Expenses	-315K	-1.42M	-2.19M	-2.33M	-2.01M
Other Non Operating Income (Expenses)	700K	-	-	-	-
EBT, Excl. Unusual Items	6.43M	-5.72M	71.55M	48.98M	-17.05M
Merger & Related Restructuring Charges	-2.84M	-524K	-253K	-6.01M	-171K
Gain (Loss) On Sale Of Assets	-	503K	982K	-542K	-1.77M
Legal Settlements	-	-1.7M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	3.59M	-7.44M	72.28M	42.42M	-18.98M
Income Tax Expense	-2.64M	-9.58M	-948K	19.69M	2.5M
Earnings From Continuing Operations	6.22M	2.14M	73.22M	22.74M	-21.49M
Net Income to Company	6.22M	2.14M	73.22M	22.74M	-21.49M
Net Income - (IS)	6.22M	2.14M	73.22M	22.74M	-21.49M
Net Income to Common Incl Extra Items	6.22M	2.14M	73.22M	22.74M	-21.49M
Net Income to Common Excl. Extra Items	6.22M	2.14M	73.22M	22.74M	-21.49M
Per Share Items
Net EPS - Basic	0.06	0.02	0.51	0.15	-0.15
Basic EPS - Continuing Operations	0.06	0.02	0.51	0.15	-0.15
Basic Weighted Average Shares Outstanding	111M	134M	144M	150M	144M
Net EPS - Diluted	0.05	0.02	0.48	0.15	-0.15
Diluted EPS - Continuing Operations	0.05	0.02	0.48	0.15	-0.15
Diluted Weighted Average Shares Outstanding	115M	139M	153M	153M	144M
Normalized Basic EPS	0.04	-0.03	0.31	0.2	-0.07
Normalized Diluted EPS	0.03	-0.03	0.29	0.2	-0.07
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	25.93M	26.81M	102M	78.59M	41.07M
EBITA	23.15M	24.31M	100M	73.37M	30.04M
EBIT	6.04M	-4.3M	73.73M	51.31M	-15.04M
Effective Tax Rate - (Ratio)	-73.47	128.74	-1.31	46.41	-13.18
Total Current Taxes	4.57M	3.02M	7.22M	14.38M	-2.33M
Total Deferred Taxes	-7.21M	-12.6M	-8.17M	5.31M	4.83M
Normalized Net Income	4.02M	-3.58M	44.72M	30.61M	-10.65M
Interest on Long-Term Debt	1.09M	1.86M	2.67M	4.61M	10.2M
Supplemental Operating Expense Items
Selling and Marketing Expenses	62.02M	87.78M	74.61M	89.95M	106M
General and Administrative Expenses	37.4M	35.5M	63.25M	61.99M	50.88M
Research And Development Expense From Footnotes	33.04M	33.09M	18.42M	33.66M	49.68M
Stock-Based Comp., R&D Exp. (Total)	452K	555K	3.47M	8.03M	3.31M
Stock-Based Comp., S&M Exp. (Total)	1.26M	4.52M	7.09M	10.59M	3.74M
Stock-Based Comp., G&A Exp. (Total)	14.1M	9.42M	32.25M	31.88M	12.12M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	15.81M	14.49M	42.82M	50.51M	19.17M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	79.05M	97.46M	368M	218M	234M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	79.05M	97.46M	368M	218M	234M
Accounts Receivable, Total	95.28M	154M	165M	220M	202M
Other Receivables	4.58M	4.03M	2.98M	6.7M	8.64M
Notes Receivable	-	689K	480K	-	104K
Total Receivables	99.86M	158M	169M	227M	211M
Prepaid Expenses	8.4M	14.05M	13.11M	14.42M	4.99M
Other Current Assets, Total	368K	872K	2.65M	3.04M	1.57M
Total Current Assets	188M	271M	552M	462M	452M
Gross Property Plant And Equipment	40.72M	29.34M	24.01M	63.67M	76.34M
Accumulated Depreciation	-16.59M	-7.39M	-6.59M	-10.68M	-23.04M
Net Property Plant And Equipment	24.14M	21.95M	17.42M	53M	53.3M
Long-term Investments	-	-	-	25M	25M
Goodwill	134M	153M	157M	246M	246M
Other Intangibles, Total	76.58M	71.64M	51.51M	152M	116M
Deferred Tax Assets Long-Term	17.61M	31.72M	24.43M	18.16M	12.39M
Other Long-Term Assets, Total	1.33M	1.83M	672K	406K	525K
Total Assets	441M	551M	803M	956M	905M
Liabilities
Accounts Payable, Total	70.43M	126M	162M	213M	183M
Accrued Expenses, Total	9.72M	14.41M	17.41M	27.91M	17M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	9.64M	9.05M	7.12M	14.1M	12.11M
Current Income Taxes Payable	-	3.16M	8.84M	9.42M	4.94M
Unearned Revenue Current, Total	-	-	11.42M	6.54M	8.37M
Other Current Liabilities	17.75M	32.72M	14.08M	11.25M	3.73M
Total Current Liabilities	108M	185M	221M	282M	229M
Long-Term Debt	-	-	-	98.54M	99.07M
Long-Term Leases	14.63M	12.16M	7.88M	15.23M	24.96M
Pension & Other Post Retirement Benefits	556K	495K	426K	238K	237K
Deferred Tax Liability Non Current	17.69M	15.96M	1.4M	1.16M	754K
Other Non Current Liabilities	-	7.82M	-	7.45M	6.8M
Total Liabilities	140M	222M	230M	405M	361M
Common Stock, Total	351K	380K	442K	413K	417K
Additional Paid In Capital	225M	265M	437M	401M	411M
Retained Earnings	58.78M	60.47M	134M	156M	135M
Comprehensive Income and Other	16.79M	3.33M	698K	-5.8M	-2.44M
Total Common Equity	301M	329M	572M	552M	544M
Total Equity	301M	329M	572M	552M	544M
Total Liabilities And Equity	441M	551M	803M	956M	905M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	136M	134M	154M	144M	142M
ECS Total Common Shares Outstanding	124M	134M	155M	144M	146M
Book Value / Share	2.42	2.46	3.7	3.82	3.72
Tangible Book Value	90.33M	105M	364M	154M	182M
Tangible Book Value Per Share	0.73	0.78	2.36	1.06	1.24
Total Debt	24.27M	21.21M	15M	128M	136M
Net Debt	-54.78M	-76.25M	-353M	-89.62M	-98.18M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	6.3M	8.82M	9.28M	39.44M	42.68M
Full Time Employees	722	564	576	1.09K	895
Accumulated Allowance for Doubtful Accounts (Supple)	22.38M	9.04M	13.87M	10.14M	17.42M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.22M	2.14M	73.22M	22.74M	-21.49M
Depreciation & Amortization - CF	11.89M	11.36M	8.26M	14.45M	26.03M
Amortization of Goodwill and Intangible Assets - (CF)	17.1M	28.62M	26.47M	22.06M	45.08M
Depreciation & Amortization, Total	29M	39.97M	34.74M	36.51M	71.11M
Amortization of Deferred Charges, Total - (CF)	3.36M	5.21M	5.52M	6.19M	7.17M
(Gain) Loss From Sale Of Asset	-3.39M	-2.6M	-1.36M	598K	1.89M
Stock-Based Compensation (CF)	15.81M	14.49M	42.82M	50.5M	19.17M
Other Operating Activities, Total	-7.9M	-10.56M	47K	9.74M	-4.64M
Change In Accounts Receivable	38.02M	-39.35M	-11.68M	57.05M	30.6M
Change In Accounts Payable	-35.75M	25.88M	26.84M	-100M	-43.08M
Change in Other Net Operating Assets	-290K	-23K	-69K	-179K	-1K
Cash from Operations	45.07M	35.16M	170M	83.01M	60.74M
Capital Expenditure	-1.06M	-594K	-3.38M	-6.43M	-4.5M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	23.71M	6.21M	-11M	-195M	-
Divestitures	-	232K	415K	1.18M	-
Sale (Purchase) of Intangible assets	-5.67M	-4.86M	-4.97M	-8.75M	-15.13M
Investment in Marketable and Equity Securities, Total	-57K	-	-	-25M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	309K	817K	-	1.31M	1.16M
Other Investing Activities, Total	2.2M	3.11M	2.44M	-213K	1.5M
Cash from Investing	19.44M	4.92M	-16.49M	-233M	-16.96M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	98.92M	-
Total Debt Issued	-	-	-	98.92M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-29.88M	-13.35M	-12.42M	-12.02M	-17.26M
Total Debt Repaid	-29.88M	-13.35M	-12.42M	-12.02M	-17.26M
Issuance of Common Stock	1.82M	949K	136M	2.2M	233K
Repurchase of Common Stock	-24.74M	-9.96M	-6.64M	-86.05M	-9.52M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Special Dividend Paid	-	-	-	-	-
Cash from Financing	-52.79M	-22.37M	117M	3.06M	-26.55M
Foreign Exchange Rate Adjustments	256K	701K	-209K	-3.29M	-426K
Net Change in Cash	11.97M	18.42M	270M	-150M	16.81M
Supplemental Items
Cash Interest Paid	942K	1.12M	570K	587K	8.49M
Cash Income Tax Paid (Refund)	4.9M	1.69M	954K	13.61M	8.37M
Levered Free Cash Flow	50.59M	64.05M	145M	102M	39.65M
Unlevered Free Cash Flow	51.27M	65.21M	147M	105M	46.03M
Change In Net Working Capital	-6.05M	-13.68M	-26.31M	5.46M	22.4M
Net Debt Issued / Repaid	-29.88M	-13.35M	-12.42M	86.9M	-17.26M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.18	-0.54	6.89	3.65	-1.01
Return on Total Capital	1.64	-0.8	9.83	5.06	-1.38
Return On Equity %	2.93	0.68	16.25	4.05	-3.92
Return on Common Equity	2.93	0.68	16.25	4.05	-3.92
Margin Analysis
Gross Profit Margin %	42.52	71.78	79.05	81.88	81.24
SG&A Margin	30.52	58.17	40.32	45.32	47.23
EBITDA Margin %	7.96	12.65	29.87	23.44	12.37
EBITA Margin %	7.11	11.47	29.3	21.88	9.05
EBIT Margin %	1.86	-2.03	21.56	15.3	-4.53
Income From Continuing Operations Margin %	1.91	1.01	21.41	6.78	-6.47
Net Income Margin %	1.91	1.01	21.41	6.78	-6.47
Net Avail. For Common Margin %	1.91	1.01	21.41	6.78	-6.47
Normalized Net Income Margin	1.23	-1.69	13.08	9.13	-3.21
Levered Free Cash Flow Margin	15.53	30.22	42.54	30.35	11.94
Unlevered Free Cash Flow Margin	15.74	30.77	43.03	31.21	13.86
Asset Turnover
Asset Turnover	1.02	0.43	0.51	0.38	0.36
Fixed Assets Turnover	24.12	9.2	17.37	9.52	6.25
Receivables Turnover (Average Receivables)	4.08	1.69	2.15	1.74	1.57
Short Term Liquidity
Current Ratio	1.75	1.46	2.5	1.64	1.97
Quick Ratio	1.66	1.38	2.43	1.58	1.94
Operating Cash Flow to Current Liabilities	0.42	0.19	0.77	0.29	0.26
Days Sales Outstanding (Average Receivables)	89.42	216.21	170.04	209.53	231.87
Average Days Payable Outstanding	107.27	600.62	732.73	1.13K	1.16K
Long Term Solvency
Total Debt/Equity	8.07	6.45	2.62	23.18	25.05
Total Debt / Total Capital	7.47	6.06	2.55	18.82	20.03
LT Debt/Equity	4.87	3.7	1.38	20.63	22.82
Long-Term Debt / Total Capital	4.5	3.47	1.34	16.74	18.25
Total Liabilities / Total Assets	31.84	40.25	28.7	42.31	39.93
EBIT / Interest Expense	5.55	-2.31	27.62	11.13	-1.47
EBITDA / Interest Expense	32.2	19.16	40.63	19.05	5.5
(EBITDA - Capex) / Interest Expense	31.23	18.84	39.36	17.65	5.06
Total Debt / EBITDA	0.69	0.59	0.14	1.46	2.43
Net Debt / EBITDA	-1.56	-2.14	-3.25	-1.02	-1.75
Total Debt / (EBITDA - Capex)	0.71	0.6	0.14	1.57	2.64
Net Debt / (EBITDA - Capex)	-1.61	-2.17	-3.36	-1.1	-1.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.66	-34.95	61.36	-1.96	-0.97
Gross Profit, 1 Yr. Growth %	24.3	9.82	77.69	1.56	-1.74
EBITDA, 1 Yr. Growth %	-29.59	3.41	280.91	-23.05	-47.74
EBITA, 1 Yr. Growth %	-35.05	5.02	312.18	-26.78	-59.05
EBIT, 1 Yr. Growth %	-77.51	-171.22	-1.81K	-30.42	-129.31
Earnings From Cont. Operations, 1 Yr. Growth %	-71.91	-65.63	3.32K	-68.95	-194.5
Net Income, 1 Yr. Growth %	-71.91	-65.63	3.32K	-68.95	-194.5
Normalized Net Income, 1 Yr. Growth %	-76.49	-199.88	-1.35K	-31.54	-134.8
Diluted EPS Before Extra, 1 Yr. Growth %	-82.95	-72.22	2.91K	-68.75	-200
Accounts Receivable, 1 Yr. Growth %	48.11	58.57	7.5	33.18	-8.13
Net Property, Plant and Equip., 1 Yr. Growth %	738.31	-9.06	-20.64	204.24	0.58
Total Assets, 1 Yr. Growth %	123.58	24.42	50.04	19.11	-5.37
Tangible Book Value, 1 Yr. Growth %	27.83	15.71	248.43	-57.84	18.26
Common Equity, 1 Yr. Growth %	141.9	9.45	73.97	-3.63	-1.46
Cash From Operations, 1 Yr. Growth %	20.05	-21.99	383.71	-51.2	-26.83
Capital Expenditures, 1 Yr. Growth %	-27.24	-44.12	468.69	90.44	-30.13
Levered Free Cash Flow, 1 Yr. Growth %