Cash flow Philips NV

Equities

PHIA

NL0000009538

Advanced Medical Equipment & Technology

Real-time Euronext Amsterdam Other stock markets 07:21:45 2025-01-16 am EST			5-day change	1st Jan Change
24.94 ^EUR	+1.14%		+0.20%	+2.25%

Jan. 15	PHILIPS NV : JP Morgan remains Neutral	ZD
Jan. 14	European Equities Traded in the US as American Depositary Receipts Trend Higher in Tuesday Trading	MT

1f9.4n6mGFCPDnjei6s19hLXapsJNokgtBhn1y6Js6NNBL4.2hbOYDyiRgHm5e9Fvl2ZGNxvZO94x1RUlGnHgcEXVNesDN41YPZRFIHC_g

Published financial data: PHILIPS NV

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	19.48B	19.54B	17.16B	17.83B	18.17B
Total Revenues	19.48B	19.54B	17.16B	17.83B	18.17B
Cost of Goods Sold, Total	10.4B	10.75B	9.93B	10.63B	10.72B
Gross Profit	9.08B	8.78B	7.22B	7.19B	7.45B
Selling General & Admin Expenses, Total	5.14B	5.11B	4.72B	5.29B	5.15B
R&D Expenses	1.64B	1.78B	1.7B	1.97B	1.89B
Other Operating Expenses	8M	9M	-32M	20M	-12M
Other Operating Expenses, Total	6.79B	6.9B	6.4B	7.28B	7.03B
Operating Income	2.29B	1.88B	825M	-85M	417M
Interest Expense, Total	-173M	-160M	-152M	-234M	-285M
Interest And Investment Income	79M	17M	20M	28M	48M
Net Interest Expenses	-94M	-143M	-132M	-206M	-237M
Income (Loss) On Equity Invest.	1M	-9M	-4M	-2M	-98M
Currency Exchange Gains (Loss)	-2M	3M	-	9M	-23M
Other Non Operating Income (Expenses)	-19M	-22M	5M	-3M	-7M
EBT, Excl. Unusual Items	2.17B	1.71B	694M	-287M	52M
Restructuring Charges	-524M	-	-	-134M	-
Merger & Related Restructuring Charges	-	-2M	-	-	-
Impairment of Goodwill	-97M	-144M	-15M	-1.36B	-8M
Gain (Loss) On Sale Of Investments	19M	131M	95M	9M	-26M
Gain (Loss) On Sale Of Assets	72M	2M	-56M	6M	61M
Asset Writedown	-92M	-	-55M	-	-
Legal Settlements	-22M	-	-	-60M	-606M
Other Unusual Items	-	-209M	-154M	92M	-
EBT, Incl. Unusual Items	1.53B	1.49B	509M	-1.73B	-527M
Income Tax Expense	337M	284M	-103M	-113M	-73M
Earnings From Continuing Operations	1.19B	1.2B	612M	-1.62B	-454M
Earnings Of Discontinued Operations	-19M	-10M	2.71B	13M	-10M
Net Income to Company	1.17B	1.2B	3.32B	-1.6B	-464M
Minority Interest	-5M	-8M	-4M	-3M	-2M
Net Income - (IS)	1.17B	1.19B	3.32B	-1.61B	-466M
Net Income to Common Incl Extra Items	1.17B	1.19B	3.32B	-1.61B	-466M
Net Income to Common Excl. Extra Items	1.19B	1.2B	608M	-1.62B	-456M
Per Share Items
Net EPS - Basic	1.2	1.24	3.48	-1.73	-0.5
Basic EPS - Continuing Operations	1.22	1.25	0.64	-1.75	-0.49
Basic Weighted Average Shares Outstanding	971M	956M	953M	929M	925M
Net EPS - Diluted	1.19	1.23	3.46	-1.73	-0.51
Diluted EPS - Continuing Operations	1.21	1.24	0.64	-1.75	-0.5
Diluted Weighted Average Shares Outstanding	981M	966M	958M	929M	925M
Normalized Basic EPS	1.39	1.11	0.45	-0.2	0.03
Normalized Diluted EPS	1.38	1.1	0.45	-0.2	0.03
Dividend Per Share	-	0.81	0.81	-	-
Payout Ratio	38.82	0.08	14.52	-25.62	-0.43
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.88B	2.53B	1.47B	669M	1.13B
EBITA	2.57B	2.14B	1.09B	222M	707M
EBIT	2.29B	1.88B	825M	-85M	417M
EBITDAR	2.93B	2.57B	1.49B	708M	1.18B
Effective Tax Rate - (Ratio)	22.05	19.07	-20.24	6.53	13.85
Current Domestic Taxes	26M	-	-	-	-
Current Foreign Taxes	297M	-	-	-	-
Total Current Taxes	323M	475M	298M	97M	201M
Deferred Domestic Taxes	71M	-	-	-	-
Deferred Foreign Taxes	-57M	-	-	-	-
Total Deferred Taxes	14M	-190M	-401M	-210M	-274M
Normalized Net Income	1.35B	1.06B	430M	-182M	30.5M
Interest on Long-Term Debt	6M	6M	5M	25M	27M
Non-Cash Pension Expense	56M	74M	36M	49M	46M
Supplemental Operating Expense Items
Advertising Expense	972M	920M	752M	739M	700M
Selling and Marketing Expenses	4.51B	4.46B	4.12B	4.61B	4.52B
General and Administrative Expenses	607M	629M	599M	671M	608M
Research And Development Expense From Footnotes	2.08B	2.14B	1.98B	2.29B	2.02B
Net Rental Expense, Total	52M	36M	19M	39M	51M
Imputed Operating Lease Interest Expense	14.02M	7.44M	3.32M	9.62M	14.64M
Imputed Operating Lease Depreciation	37.98M	28.56M	15.68M	29.38M	36.36M
Stock-Based Comp., Other (Total)	105M	121M	116M	104M	97M
Total Stock-Based Compensation	105M	121M	116M	104M	97M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.42B	3.23B	2.3B	1.17B	1.87B
Short Term Investments	1M	-	2M	11M	3M
Total Cash And Short Term Investments	1.43B	3.23B	2.3B	1.18B	1.87B
Accounts Receivable, Total	4.28B	4.16B	3.85B	4.12B	3.84B
Other Receivables	739M	404M	439M	529M	414M
Notes Receivable	-	-	-	-	-
Total Receivables	5.02B	4.56B	4.29B	4.65B	4.26B
Inventory	2.77B	2.99B	3.45B	4.05B	3.49B
Prepaid Expenses	188M	169M	172M	174M	197M
Other Current Assets, Total	51M	278M	132M	200M	124M
Total Current Assets	9.46B	11.23B	10.35B	10.26B	9.94B
Gross Property Plant And Equipment	5.8B	5.97B	6B	6.25B	6.16B
Accumulated Depreciation	-3.25B	-3.29B	-3.3B	-3.61B	-3.68B
Net Property Plant And Equipment	2.54B	2.68B	2.7B	2.64B	2.48B
Long-term Investments	481M	670M	1.06B	1.2B	1B
Goodwill	8.65B	8.01B	10.64B	10.24B	9.88B
Other Intangibles, Total	2.87B	2.38B	3.05B	3.13B	2.85B
Deferred Tax Assets Long-Term	1.86B	1.82B	2.22B	2.45B	2.63B
Deferred Charges Long-Term	592M	621M	598M	393M	336M
Other Long-Term Assets, Total	550M	303M	356M	381M	290M
Total Assets	27.02B	27.71B	30.96B	30.69B	29.41B
Liabilities
Accounts Payable, Total	2.09B	2.12B	1.87B	1.97B	1.92B
Accrued Expenses, Total	2.32B	2.36B	2.28B	1.97B	2.22B
Short-term Borrowings	92M	76M	47M	89M	122M
Current Portion of Long-Term Debt	144M	886M	202M	612M	321M
Current Portion of Leases	272M	267M	257M	230M	211M
Current Income Taxes Payable	100M	57M	128M	40M	83M
Unearned Revenue Current, Total	1.17B	1.24B	1.49B	1.7B	1.81B
Other Current Liabilities	786M	726M	1.17B	1.32B	1.6B
Total Current Liabilities	6.98B	7.74B	7.45B	7.93B	8.29B
Long-Term Debt	3.83B	4.76B	5.51B	6.42B	6.17B
Long-Term Leases	1.11B	948M	963M	852M	864M
Unearned Revenue Non Current	348M	403M	446M	515M	469M
Pension & Other Post Retirement Benefits	824M	751M	659M	546M	558M
Deferred Tax Liability Non Current	143M	59M	83M	91M	71M
Other Non Current Liabilities	1.16B	1.16B	1.38B	1.05B	925M
Total Liabilities	14.39B	15.81B	16.49B	17.4B	17.34B
Common Stock, Total	179M	182M	177M	178M	183M
Additional Paid In Capital	3.67B	4.4B	4.65B	5.02B	5.83B
Retained Earnings	8.3B	7.83B	9.34B	6.83B	5.4B
Treasury Stock	-201M	-199M	-476M	-275M	-262M
Comprehensive Income and Other	652M	-340M	747M	1.49B	879M
Total Common Equity	12.6B	11.87B	14.44B	13.25B	12.03B
Minority Interest	28M	31M	36M	34M	33M
Total Equity	12.62B	11.9B	14.47B	13.28B	12.06B
Total Liabilities And Equity	27.02B	27.71B	30.96B	30.69B	29.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	958M	954M	917M	929M	914M
ECS Total Common Shares Outstanding	958M	954M	917M	929M	914M
Book Value / Share	13.15	12.45	15.75	14.27	13.16
Tangible Book Value	1.07B	1.48B	749M	-122M	-702M
Tangible Book Value Per Share	1.12	1.55	0.82	-0.13	-0.77
Total Debt	5.45B	6.93B	6.98B	8.2B	7.69B
Net Debt	4.02B	3.71B	4.67B	7.02B	5.82B
Debt Equivalent of Unfunded Proj. Benefit Obligation	824M	750M	590M	499M	516M
Debt Equivalent Oper. Leases	416M	288M	152M	312M	408M
Minority Interest, Total (Incl. Fin. Div)	28M	31M	36M	34M	33M
Equity Method Investments, Total	233M	240M	426M	537M	381M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	901M	992M	1.14B	1.54B	1.31B
Inventories - Work In Process, Total	403M	537M	646M	648M	552M
Inventories - Finished Goods, Total	1.47B	1.46B	1.66B	1.86B	1.63B
Land - (BS)	51M	47M	39M	1.14B	1.11B
Buildings, Total	825M	1.03B	1.06B	-	-
Machinery, Total	2.82B	3.08B	2.97B	3.23B	3.13B
Full Time Employees	80.5K	81.59K	78.19K	77.23K	69.66K
Accumulated Allowance for Doubtful Accounts (Supple)	211M	195M	190M	226M	216M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.17B	1.19B	3.32B	-1.61B	-466M
Depreciation & Amortization - CF	602M	683M	629M	661M	621M
Amortization of Goodwill and Intangible Assets - (CF)	283M	255M	267M	307M	290M
Depreciation & Amortization, Total	885M	938M	896M	968M	911M
Amortization of Deferred Charges, Total - (CF)	304M	305M	372M	307M	266M
(Gain) Loss From Sale Of Asset	-77M	-2M	55M	-115M	-71M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	310M	421M	70M	1.68B	92M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	6M	8M	4M	112M	107M
Stock-Based Compensation (CF)	98M	115M	108M	95M	88M
Net Cash From Discontinued Operations	-25M	-88M	3.4B	-12M	123M
Other Operating Activities, Total	7M	-62M	-3.21B	-472M	-55M
Change In Accounts Receivable	-274M	87M	-39M	-342M	298M
Change In Inventories	-175M	-584M	-581M	-572M	257M
Change In Accounts Payable	-369M	411M	219M	52M	358M
Change in Other Net Operating Assets	149M	-47M	414M	-282M	351M
Cash from Operations	2.01B	2.69B	5.03B	-185M	2.26B
Capital Expenditure	-518M	-513M	-397M	-444M	-345M
Sale of Property, Plant, and Equipment	35M	18M	33M	18M	90M
Cash Acquisitions	-255M	-317M	-3.1B	-712M	-73M
Divestitures	146M	4M	107M	124M	80M
Sale (Purchase) of Intangible assets	-495M	-429M	-366M	-362M	-299M
Investment in Marketable and Equity Securities, Total	99M	-66M	0	-38M	-44M
Other Investing Activities, Total	385M	-13M	49M	-73M	-45M
Cash from Investing	-603M	-1.32B	-3.67B	-1.49B	-636M
Short Term Debt Issued, Total	23M	16M	-	47M	29M
Long-Term Debt Issued, Total	847M	1.06B	76M	2.52B	544M
Total Debt Issued	870M	1.08B	76M	2.56B	573M
Short Term Debt Repaid, Total	-	-	-25M	-	-
Long-Term Debt Repaid, Total	-761M	-298M	-302M	-1.47B	-754M
Total Debt Repaid	-761M	-298M	-327M	-1.47B	-754M
Issuance of Common Stock	58M	46M	23M	12M	-
Repurchase of Common Stock	-1.38B	-343M	-1.64B	-187M	-662M
Common Dividends Paid	-453M	-1M	-482M	-412M	-2M
Common & Preferred Stock Dividends Paid	-453M	-1M	-482M	-412M	-2M
Other Financing Activities, Total	-3M	-2M	-1M	-4M	-3M
Cash from Financing	-1.66B	483M	-2.35B	500M	-848M
Foreign Exchange Rate Adjustments	-2M	-55M	65M	41M	-79M
Miscellaneous Cash Flow Adjustments	-	-	1M	-	1M
Net Change in Cash	-264M	1.8B	-921M	-1.13B	697M
Supplemental Items
Cash Interest Paid	172M	148M	151M	205M	250M
Cash Income Tax Paid (Refund)	363M	394M	249M	333M	152M
Levered Free Cash Flow	940M	1.57B	1.44B	-601M	2.35B
Unlevered Free Cash Flow	1.05B	1.67B	1.53B	-455M	2.53B
Change In Net Working Capital	662M	-68M	-397M	975M	-1.64B
Net Debt Issued / Repaid	109M	783M	-251M	1.09B	-181M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.39	4.3	1.76	-0.17	0.87
Return on Total Capital	8.16	6.37	2.56	-0.25	1.26
Return On Equity %	9.63	9.83	4.64	-11.66	-3.58
Return on Common Equity	9.61	9.78	4.62	-11.71	-3.61
Margin Analysis
Gross Profit Margin %	46.6	44.95	42.1	40.35	40.99
SG&A Margin	26.4	26.14	27.54	29.67	28.36
EBITDA Margin %	14.77	12.96	8.56	3.75	6.2
EBITA Margin %	13.19	10.94	6.37	1.25	3.89
EBIT Margin %	11.73	9.63	4.81	-0.48	2.3
Income From Continuing Operations Margin %	6.11	6.17	3.57	-9.08	-2.5
Net Income Margin %	5.99	6.08	19.35	-9.02	-2.56
Net Avail. For Common Margin %	6.09	6.13	3.54	-9.09	-2.51
Normalized Net Income Margin	6.94	5.43	2.5	-1.02	0.17
Levered Free Cash Flow Margin	4.82	8.02	8.39	-3.37	12.94
Unlevered Free Cash Flow Margin	5.38	8.53	8.94	-2.55	13.92
Asset Turnover
Asset Turnover	0.73	0.71	0.58	0.58	0.6
Fixed Assets Turnover