Cash flow PhosAgro

Equities

PHOR

RU000A0JRKT8

Agricultural Chemicals

End-of-day quote Moscow Micex - RTS Other stock markets 2022-07-08			5-day change	1st Jan Change
7,929.00 ^RUB	+0.11%		-.--%	-.--%

Aug. 07	Public Joint-Stock Company PhosAgro Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Jul. 10	Russian producer urges India to drop fertilizer import duty	RE

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Published financial data: PHOSAGRO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	248B	254B	420B	570B	440B
Total Revenues	248B	254B	420B	570B	440B
Cost of Goods Sold, Total	136B	133B	219B	269B	252B
Gross Profit	112B	121B	201B	301B	189B
Selling General & Admin Expenses, Total	52.7B	55.93B	27.89B	42.46B	32.38B
Other Operating Expenses	6.92B	6.73B	8.83B	20.39B	19.98B
Other Operating Expenses, Total	59.62B	62.66B	36.72B	62.85B	52.36B
Operating Income	52.26B	57.86B	165B	238B	136B
Interest Expense, Total	-3.46B	-4.27B	-4.3B	-4.47B	-7.46B
Interest And Investment Income	488M	580M	643M	3.82B	1.97B
Net Interest Expenses	-2.97B	-3.69B	-3.66B	-649M	-5.5B
Income (Loss) On Equity Invest.	13M	37M	13M	-	-
Currency Exchange Gains (Loss)	12.35B	-25.07B	-838M	2.42B	-17.96B
Other Non Operating Income (Expenses)	293M	-829M	-569M	-2.7B	1.07B
EBT, Excl. Unusual Items	61.94B	28.31B	160B	237B	114B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-150M	-	1.19B	-	1.02B
Gain (Loss) On Sale Of Assets	-611M	-209M	-198M	-429M	-365M
Other Unusual Items	-	-1.43B	-475M	-4.12B	-
EBT, Incl. Unusual Items	61.18B	26.67B	160B	232B	115B
Income Tax Expense	11.78B	9.75B	30.38B	47.58B	28.46B
Earnings From Continuing Operations	49.41B	16.92B	130B	185B	86.14B
Net Income to Company	49.41B	16.92B	130B	185B	86.14B
Minority Interest	-59M	11M	23M	-52M	-57M
Net Income - (IS)	49.35B	16.93B	130B	185B	86.08B
Net Income to Common Incl Extra Items	49.35B	16.93B	130B	185B	86.08B
Net Income to Common Excl. Extra Items	49.35B	16.93B	130B	185B	86.08B
Per Share Items
Net EPS - Basic	381.07	130.75	1K	1.43K	664.74
Basic EPS - Continuing Operations	381.07	130.75	1K	1.43K	664.74
Basic Weighted Average Shares Outstanding	130M	130M	130M	130M	130M
Net EPS - Diluted	381.07	130.75	1K	1.43K	664.74
Diluted EPS - Continuing Operations	381.07	130.75	1K	1.43K	664.74
Diluted Weighted Average Shares Outstanding	130M	130M	130M	130M	130M
Normalized Basic EPS	298.51	136.73	770.13	1.14K	549.48
Normalized Diluted EPS	298.51	136.73	770.13	1.14K	549.48
Dividend Per Share	192	297	885	783	849
Payout Ratio	65.34	229.46	55.71	76.96	109.79
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
EBITDA	75.43B	82.86B	190B	266B	167B
EBITA	52.26B	57.86B	165B	238B	136B
EBIT	52.26B	57.86B	165B	238B	136B
EBITDAR	76.4B	83.96B	191B	267B	168B
Effective Tax Rate - (Ratio)	19.25	36.55	18.98	20.48	24.84
Current Domestic Taxes	9.72B	8.04B	31.07B	-	-
Total Current Taxes	9.72B	8.04B	31.07B	41.46B	28.17B
Deferred Domestic Taxes	2.05B	1.7B	-692M	-	-
Total Deferred Taxes	2.05B	1.7B	-692M	6.12B	-6.06B
Normalized Net Income	38.66B	17.71B	99.73B	148B	71.16B
Interest Capitalized	1.28B	1.22B	1.14B	976M	1.9B
Interest on Long-Term Debt	1.52B	1.7B	1.54B	1.22B	2.18B
Non-Cash Pension Expense	198M	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	36.22B	38.1B	-	-	-
General and Administrative Expenses	16.48B	17.83B	-	-	-
Net Rental Expense, Total	962M	1.09B	1B	847M	949M
Imputed Operating Lease Interest Expense	256M	315M	257M	200M	319M
Imputed Operating Lease Depreciation	706M	779M	748M	647M	630M
Maintenance & Repair Expenses, Total	10.12B	10.13B	11.37B	12B	15.86B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.24B	8.46B	21.71B	13.36B	29.16B
Short Term Investments	251M	311M	-	-	-
Total Cash And Short Term Investments	8.49B	8.77B	21.71B	13.36B	29.16B
Accounts Receivable, Total	14.12B	15.45B	32.67B	61.52B	50.93B
Other Receivables	11.98B	11.78B	16.41B	14.2B	17.21B
Notes Receivable	-	-	189M	152M	150M
Total Receivables	26.1B	27.23B	49.28B	75.87B	68.29B
Inventory	29.4B	32.64B	41.18B	39.35B	48.47B
Other Current Assets, Total	4.96B	5.65B	15.02B	12.74B	21.33B
Total Current Assets	68.95B	74.29B	127B	141B	167B
Gross Property Plant And Equipment	320B	359B	391B	444B	506B
Accumulated Depreciation	-113B	-131B	-147B	-166B	-190B
Net Property Plant And Equipment	206B	227B	244B	279B	316B
Long-term Investments	1.12B	556M	2.36B	604M	1.67B
Other Intangibles, Total	1.57B	1.62B	1.76B	2.1B	2.77B
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	361M	-	180M	107M	74M
Deferred Tax Assets Long-Term	8.21B	7.46B	9.5B	7.9B	9.75B
Other Long-Term Assets, Total	16.06B	11.08B	20.07B	24.79B	28.22B
Total Assets	303B	322B	405B	456B	526B
Liabilities
Accounts Payable, Total	7.39B	7.45B	10.97B	11.41B	14.47B
Accrued Expenses, Total	5.59B	7.91B	11.7B	10.49B	15.49B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	36.84B	55.32B	12.71B	80.97B	86.43B
Current Portion of Leases	1.54B	1.93B	2.18B	1.28B	1.41B
Current Income Taxes Payable	207M	1B	3.33B	203M	208M
Unearned Revenue Current, Total	7.16B	12.41B	16.38B	17.26B	13B
Other Current Liabilities	5.68B	10.38B	9.11B	5.97B	63.76B
Total Current Liabilities	64.41B	96.4B	66.38B	128B	195B
Long-Term Debt	96.74B	104B	157B	110B	162B
Long-Term Leases	4.7B	4.27B	3.46B	1.66B	2.82B
Pension & Other Post Retirement Benefits	857M	945M	952M	1.05B	1.13B
Deferred Tax Liability Non Current	10.28B	11.2B	12.94B	17.82B	13.6B
Total Liabilities	177B	217B	241B	258B	374B
Common Stock, Total	372M	372M	372M	372M	372M
Additional Paid In Capital	7.49B	7.49B	7.49B	7.49B	7.49B
Retained Earnings	111B	88.89B	148B	191B	145B
Comprehensive Income and Other	6.55B	8.86B	8.48B	-968M	-1B
Total Common Equity	125B	106B	165B	198B	152B
Minority Interest	170M	129M	106M	158M	84M
Total Equity	126B	106B	165B	198B	152B
Total Liabilities And Equity	303B	322B	405B	456B	526B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	130M	130M	130M	130M	130M
ECS Total Common Shares Outstanding	130M	130M	130M	130M	130M
Book Value / Share	968.86	815.58	1.27K	1.53K	1.17K
Tangible Book Value	124B	104B	163B	195B	149B
Tangible Book Value Per Share	956.76	803.06	1.26K	1.51K	1.15K
Total Debt	140B	165B	175B	194B	252B
Net Debt	131B	157B	154B	180B	223B
Debt Equivalent of Unfunded Proj. Benefit Obligation	857M	945M	952M	1.05B	1.13B
Debt Equivalent Oper. Leases	7.7B	8.75B	8.04B	6.78B	7.59B
Minority Interest, Total (Incl. Fin. Div)	170M	129M	106M	158M	84M
Equity Method Investments, Total	519M	556M	569M	592M	636M
Account Code - Inventory Valuation	6	6	5	5	5
Inventories - Raw Materials, Total	11.72B	12.39B	10.54B	15.11B	23.77B
Inventories - Work In Process, Total	4.49B	4.9B	6.38B	5.68B	8.25B
Inventories - Finished Goods, Total	13.39B	15.56B	24.87B	18.66B	16.55B
Land - (BS)	94.48B	105B	116B	138B	147B
Machinery, Total	181B	206B	225B	258B	286B
Accumulated Allowance for Doubtful Accounts (Supple)	258M	369M	339M	482M	474M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	49.35B	16.93B	130B	185B	86.08B
Depreciation & Amortization - CF	23.93B	26.63B	27.68B	29.54B	32.28B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	23.93B	26.63B	27.68B	29.54B	32.28B
(Gain) Loss From Sale Of Asset	611M	209M	198M	429M	365M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	-12.09B	30.14B	686M	-3.41B	21.16B
Change In Accounts Receivable	2.76B	-345M	-38.67B	7.5B	6.06B
Change In Inventories	1.59B	-1.84B	-10.86B	-12.31B	-11.62B
Change In Accounts Payable	5.4B	12.02B	17.49B	-3.13B	-46M
Cash from Operations	71.56B	83.74B	126B	203B	134B
Capital Expenditure	-42.66B	-40.88B	-49.09B	-64B	-66.13B
Sale of Property, Plant, and Equipment	86M	37M	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-36.73B	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	1.78B	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-84M	147M	-	-3.13B	-
Other Investing Activities, Total	-630M	-525M	724M	3.09B	2.05B
Cash from Investing	-43.28B	-41.22B	-48.37B	-98.99B	-64.08B
Long-Term Debt Issued, Total	48.72B	63.52B	61.62B	57.17B	173B
Total Debt Issued	48.72B	63.52B	61.62B	57.17B	173B
Long-Term Debt Repaid, Total	-44.64B	-68.13B	-52.03B	-25.36B	-157B
Total Debt Repaid	-44.64B	-68.13B	-52.03B	-25.36B	-157B
Common Dividends Paid	-32.24B	-38.85B	-72.26B	-142B	-94.51B
Common & Preferred Stock Dividends Paid	-32.24B	-38.85B	-72.26B	-142B	-94.51B
Other Financing Activities, Total	28M	-571M	-	-	17.12B
Cash from Financing	-28.13B	-44.04B	-62.67B	-110B	-61.2B
Foreign Exchange Rate Adjustments	-1.23B	1.74B	-1.94B	-2.35B	6.8B
Net Change in Cash	-1.08B	224M	13.25B	-8.35B	15.81B
Supplemental Items
Cash Interest Paid	3.84B	4.12B	4.94B	5.28B	7.38B
Cash Income Tax Paid (Refund)	10.55B	6.46B	28.81B	41.81B	29.78B
Levered Free Cash Flow	23.14B	27.31B	49.4B	82.72B	98.17B
Unlevered Free Cash Flow	25.3B	29.98B	52.09B	85.51B	103B
Change In Net Working Capital	-11.36B	-8.06B	29.36B	28.64B	-51.47B
Net Debt Issued / Repaid	4.09B	-4.61B	9.59B	31.82B	16.18B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.09	11.57	28.36	34.52	17.37
Return on Total Capital	12.56	13.48	33.56	40.63	21.43
Return On Equity %	41.97	14.63	95.26	101.95	49.32
Return on Common Equity	41.98	14.65	95.36	102	49.32
Margin Analysis
Gross Profit Margin %	45.09	47.47	47.88	52.79	42.86
SG&A Margin	21.24	22.03	6.63	7.46	7.36
EBITDA Margin %	30.4	32.64	45.3	46.73	38.04
EBITA Margin %	21.06	22.79	39.14	41.75	30.96
EBIT Margin %	21.06	22.79	39.14	41.75	30.96
Income From Continuing Operations Margin %	19.91	6.66	30.84	32.43	19.56
Net Income Margin %	19.89	6.67	30.84	32.42	19.55
Net Avail. For Common Margin %	19.89	6.67	30.84	32.42	19.55
Normalized Net Income Margin	15.58	6.97	23.72	25.98	16.16
Levered Free Cash Flow Margin	9.33	10.76	11.75	14.52	22.3
Unlevered Free Cash Flow Margin	10.2	11.81	12.39	15.01	23.36
Asset Turnover
Asset Turnover	0.84	0.81	1.16	1.32	0.9
Fixed Assets Turnover	1.26	1.17	1.78	2.18	1.48
Receivables Turnover (Average Receivables)	14.65	17.17	19.32	12.09	7.83
Inventory Turnover (Average Inventory)	4.46	4.3	6.11	6.68	5.73
Short Term Liquidity
Current Ratio	1.07	0.77	1.92	1.11	0.86
Quick Ratio	0.54	0.37	1.07	0.7	0.5
Operating Cash Flow to Current Liabilities	1.11	0.87	1.9	1.59	0.69
Days Sales Outstanding (Average Receivables)	24.92	21.31	18.9	30.18	46.61
Days Outstanding Inventory (Average Inventory)	81.86	85.14	59.75	54.65	63.7
Average Days Payable Outstanding	20.53	19.89	14.63	15.29	18.11
Cash Conversion Cycle (Average Days)	86.25	86.56	64.01	69.55	92.19
Long Term Solvency
Total Debt/Equity