Balance Sheet Poste Italiane S.p.A.

Equities

PST

IT0003796171

Air Freight & Logistics

Market Closed - Borsa Italiana Other stock markets 11:44:59 2025-01-17 am EST			5-day change	1st Jan Change
14.43 ^EUR	+0.94%		+3.55%	+5.95%

Jan. 17	Poste toward EUR19 billion; market looks at divestment	AN
Jan. 03	Life insurance rescue fund kicks off, starts with EUR300 million	AN

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Published financial data: POSTE ITALIANE S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.16B	3.94B	4.57B	4.8B	5.33B
Finance Div. Revenues	5.21B	5.15B	4.93B	5.12B	5.8B
Insurance Division Revenues	23.39B	20.93B	22.21B	21.96B	1.49B
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Interest And Invest. Income (Rev)	-	-	-	-	-
Other Revenues, Total	-	-	-	-	-
Total Revenues	32.76B	30.02B	31.71B	31.88B	12.62B
Cost of Goods Sold, Total	7.7B	7.49B	7.87B	7.95B	8.06B
Finance Div. Operating Exp.	79M	206M	148M	187M	566M
Insurance Division Operating Expenses, Total	21.72B	19.29B	20.34B	19.8B	-75M
Gross Profit	3.26B	3.04B	3.35B	3.94B	4.07B
Selling General & Admin Expenses, Total	77M	98M	124M	137M	163M
Provision for Bad Debts	48M	48M	-16M	97M	39M
Depreciation & Amortization - (IS)	778M	718M	803M	836M	808M
Other Operating Expenses	187M	109M	191M	171M	280M
Other Operating Expenses, Total	1.09B	973M	1.1B	1.24B	1.29B
Operating Income	2.17B	2.07B	2.25B	2.7B	2.78B
Interest Expense, Total	-40M	-38M	-31M	-33M	-39M
Interest And Investment Income	111M	127M	126M	151M	160M
Net Interest Expenses	71M	89M	95M	118M	121M
Income (Loss) On Equity Invest.	112M	5M	26M	-6M	20M
Currency Exchange Gains (Loss)	-1M	2M	-4M	2M	0
Other Non Operating Income (Expenses)	-76M	-38M	-65M	-53M	-40M
EBT, Excl. Unusual Items	2.28B	2.12B	2.3B	2.76B	2.88B
Restructuring Charges	-387M	-436M	-235M	-76M	-171M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-2M	-18M	10M	-13M	4M
Gain (Loss) On Sale Of Assets	-2M	-1M	-3M	-2M	-3M
Asset Writedown	4M	18M	13M	6M	-3M
Legal Settlements	-16M	1M	-56M	-27M	22M
Other Unusual Items	-4M	-112M	137M	-322M	-4M
EBT, Incl. Unusual Items	1.87B	1.58B	2.17B	2.33B	2.73B
Income Tax Expense	530M	370M	588M	817M	794M
Earnings From Continuing Operations	1.34B	1.21B	1.58B	1.51B	1.93B
Net Income to Company	1.34B	1.21B	1.58B	1.51B	1.93B
Minority Interest	-	1M	-2M	-5M	-11M
Net Income - (IS)	1.34B	1.21B	1.58B	1.51B	1.92B
Net Income to Common Incl Extra Items	1.34B	1.21B	1.58B	1.51B	1.92B
Net Income to Common Excl. Extra Items	1.34B	1.21B	1.58B	1.51B	1.92B
Per Share Items
Net EPS - Basic	1.03	0.93	1.21	1.16	1.48
Basic EPS - Continuing Operations	1.03	0.93	1.21	1.16	1.48
Basic Weighted Average Shares Outstanding	1.3B	1.3B	1.3B	1.3B	1.3B
Net EPS - Diluted	1.03	0.93	1.21	1.16	1.48
Diluted EPS - Continuing Operations	1.03	0.93	1.21	1.16	1.48
Diluted Weighted Average Shares Outstanding	1.3B	1.3B	1.3B	1.3B	1.3B
Normalized Basic EPS	1.1	1.02	1.11	1.32	1.38
Normalized Diluted EPS	1.1	1.02	1.11	1.32	1.38
Dividend Per Share	0.46	0.49	0.59	0.65	0.8
Payout Ratio	57.68	50.79	41.95	53.19	45.63
Supplemental Items
EBITDA	2.73B	2.55B	2.82B	3.29B	3.39B
EBITA	2.4B	2.34B	2.6B	3.06B	3.15B
EBIT	2.17B	2.07B	2.25B	2.7B	2.78B
EBITDAR	2.81B	2.65B	2.94B	3.42B	3.55B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	28.31	23.48	27.12	35.09	29.12
Current Domestic Taxes	604M	447M	512M	519M	745M
Current Foreign Taxes	-	-	1M	1M	2M
Total Current Taxes	604M	447M	513M	520M	747M
Deferred Domestic Taxes	-74M	-77M	75M	297M	48M
Total Deferred Taxes	-74M	-77M	75M	297M	48M
Normalized Net Income	1.42B	1.33B	1.44B	1.72B	1.79B
Interest on Long-Term Debt	38M	27M	27M	28M	33M
Non-Cash Pension Expense	17M	8M	9M	16M	26M
Supplemental Operating Expense Items
Net Rental Expense, Total	77M	98M	124M	137M	163M
Imputed Operating Lease Interest Expense	336K	337K	303K	346K	511K
Imputed Operating Lease Depreciation	76.66M	97.66M	124M	137M	162M
Stock-Based Comp., COGS (Total)	12M	6M	12M	9M	12M
Total Stock-Based Compensation	12M	6M	12M	9M	12M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.15B	4.52B	7.96B	4.98B	4.21B
Short Term Investments	10.01B	14.33B	27.08B	33.02B	30.28B
Trading Asset Securities, Total	378M	335M	473M	929M	1.15B
Total Cash And Short Term Investments	12.53B	19.18B	35.51B	38.93B	35.64B
Accounts Receivable, Total	2.18B	2.38B	2.57B	2.21B	2.47B
Other Receivables	6.47B	8.61B	1.42B	2.11B	2.26B
Notes Receivable	1.16B	1M	-	-	-
Total Receivables	9.8B	11B	3.99B	4.32B	4.72B
Inventory	140M	165M	155M	157M	172M
Finance Division Other Current Assets, Total	4.3B	6.39B	7.66B	5.85B	4.67B
Other Current Assets, Total	7.7B	7.96B	756M	999M	811M
Total Current Assets	34.48B	44.7B	48.08B	50.26B	46.01B
Gross Property Plant And Equipment	9.79B	10.23B	10.52B	11.27B	11.74B
Accumulated Depreciation	-6.52B	-6.9B	-7.13B	-7.53B	-7.92B
Net Property Plant And Equipment	3.27B	3.33B	3.38B	3.74B	3.81B
Long-term Investments	195B	218B	221B	186B	202B
Goodwill	18M	23M	75M	671M	796M
Other Intangibles, Total	630M	732M	798M	1.15B	1.27B
Accounts Receivable Long-Term	5M	2M	3M	3M	3M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	1.2B	1.12B	1.24B	2.04B	2.11B
Other Long-Term Assets, Total	3.9B	4.03B	10.44B	17.41B	15.06B
Total Assets	238B	272B	285B	262B	271B
Liabilities
Accounts Payable, Total	1.28B	1.38B	1.42B	1.68B	1.69B
Accrued Expenses, Total	1.92B	1.57B	1.64B	1.74B	1.92B
Short-term Borrowings	52.86B	62.4B	72.04B	72.5B	67.28B
Current Portion of Long-Term Debt	12.47B	17.25B	17.35B	19.9B	17.58B
Current Portion of Leases	219M	216M	219M	297M	295M
Finance Division Other Current Liabilities, Total	-	5M	29M	5M	3M
Current Income Taxes Payable	274M	13M	16M	60M	189M
Unearned Revenue Current, Total	345M	461M	605M	553M	563M
Other Current Liabilities	912M	938M	764M	802M	918M
Total Current Liabilities	70.28B	84.23B	94.09B	97.55B	90.43B
Long-Term Debt	12.9B	17.3B	14.14B	9.76B	9.03B
Long-Term Leases	1.06B	1.02B	947M	1.11B	1.04B
Finance Division Other Non Current Liabilities, Total	-	3M	-	-	-
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	887M	1.23B	953M	700M	900M
Other Non Current Liabilities	143B	157B	162B	144B	159B
Total Liabilities	229B	261B	273B	253B	260B
Common Stock, Total	1.31B	1.31B	1.31B	1.31B	1.31B
Retained Earnings	6.08B	6.63B	7.54B	8.3B	8.33B
Treasury Stock	-40M	-40M	-40M	-63M	-94M
Comprehensive Income and Other	2.35B	3.61B	3.3B	-651M	784M
Total Common Equity	9.7B	11.5B	12.1B	8.89B	10.32B
Minority Interest	-	5M	8M	44M	117M
Total Equity	9.7B	11.51B	12.11B	8.94B	10.44B
Total Liabilities And Equity	238B	272B	285B	262B	271B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.3B	1.3B	1.3B	1.3B	1.3B
ECS Total Common Shares Outstanding	1.3B	1.3B	1.3B	1.3B	1.3B
Book Value / Share	7.46	8.84	8.69	6.23	7.35
Tangible Book Value	9.05B	10.75B	11.23B	7.08B	8.26B
Tangible Book Value Per Share	6.96	8.26	8.02	4.83	5.76
Total Debt	79.52B	98.18B	105B	104B	95.22B
Net Debt	66.98B	79B	69.19B	64.64B	59.59B
Debt Equivalent Oper. Leases	616M	784M	992M	1.1B	1.3B
Minority Interest, Total (Incl. Fin. Div)	-	5M	8M	44M	117M
Equity Method Investments, Total	617M	615M	277M	267M	294M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	8M	26M	16M	8M	8M
Inventories - Work In Process, Total	9M	11M	11M	20M	28M
Inventories - Finished Goods, Total	123M	128M	128M	129M	136M
Land - (BS)	76M	76M	76M	77M	85M
Buildings, Total	3B	3.12B	3.2B	3.26B	3.35B
Machinery, Total	2.62B	2.68B	2.74B	2.89B	2.99B
Full Time Employees	121K	118K	113K	115K	113K
Part Time Employees	9.96K	9.75K	9.86K	9.98K	11.47K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	512M	544M	529M	427M	562M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.34B	1.21B	1.58B	1.51B	1.92B
Depreciation & Amortization - CF	550M	442M	458M	480M	513M
Amortization of Goodwill and Intangible Assets - (CF)	228M	276M	345M	354M	366M
Depreciation & Amortization, Total	778M	718M	803M	834M	879M
(Gain) Loss From Sale Of Asset	-6M	-2M	2M	-1M	-112M
(Gain) Loss on Sale of Investments - (CF)	-	-1M	-228M	-2M	-25M
Asset Writedown & Restructuring Costs	-4M	-18M	-13M	-4M	3M
Provision for Credit Losses	-	-	-	-	-
Provision and Write-off of Bad Debts	48M	48M	33M	97M	64M
Other Operating Activities, Total	-824M	642M	2.38B	-3.04B	-957M
Change In Accounts Receivable	-40M	-262M	-184M	261M	-696M
Change In Inventories	-4M	-26M	11M	2M	-15M
Change In Accounts Payable	43M	209M	129M	91M	25M
Change In Income Taxes	-	-	-	-	-
Change In Deferred Taxes	-	-	-526M	11M	-352M
Change in Other Net Operating Assets	-213M	-598M	199M	425M	678M
Cash from Operations	1.12B	1.92B	4.18B	180M	1.41B
Capital Expenditure	-391M	-300M	-342M	-341M	-373M
Sale of Property, Plant, and Equipment	4M	6M	3M	5M	13M
Cash Acquisitions	-	-	-40M	-678M	-95M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-1M	-1M	-	-	-
Sale (Purchase) of Intangible assets	-342M	-379M	-412M	-469M	-473M
Investment in Marketable and Equity Securities, Total	-2M	73M	369M	-123M	-66M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-732M	-601M	-422M	-1.61B	-994M
Short Term Debt Issued, Total	-	415M	-	-	-
Long-Term Debt Issued, Total	573M	1.25B	-	110M	126M
Total Debt Issued	573M	1.66B	-	110M	126M
Short Term Debt Repaid, Total	-1.19B	-	-366M	-812M	-380M
Long-Term Debt Repaid, Total	-	-	-87M	-	-
Total Debt Repaid	-1.19B	-	-453M	-812M	-380M
Issuance of Common Stock	-	-	794M	-	-
Repurchase of Common Stock	-40M	-	-	-46M	-55M
Common Dividends Paid	-774M	-613M	-662M	-801M	-877M
Common & Preferred Stock Dividends Paid	-774M	-613M	-662M	-801M	-877M
Other Financing Activities, Total	-	1M	-	-	-6M
Cash from Financing	-1.43B	1.05B	-321M	-1.55B	-1.19B
Foreign Exchange Rate Adjustments	-	-	1M	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-1.05B	2.37B	3.44B	-2.98B	-772M
Supplemental Items
Cash Interest Paid	23M	28M	32M	78M	45M
Cash Income Tax Paid (Refund)	252M	823M	394M	509M	191M
Levered Free Cash Flow	-5.17B	-3.78B	-822M	3.3B	3.04B
Unlevered Free Cash Flow	-5.15B	-3.76B	-803M	3.32B	3.06B
Change In Net Working Capital	6.56B	5.1B	2.27B	-1.6B	-1.28B
Net Debt Issued / Repaid	-620M	1.66B	-453M	-702M	-254M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.61	0.51	0.5	0.62	0.65
Return on Total Capital	1.65	1.31	1.24	1.47	1.6
Return On Equity %	15.08	11.37	13.38	14.36	21.11
Return on Common Equity	15.08	11.39	13.37	14.35	21.17
Margin Analysis
Gross Profit Margin %	9.96	10.12	10.57	12.37	32.26
SG&A Margin	0.24	0.33	0.39	0.43	1.29
EBITDA Margin %	8.33	8.5	8.88	10.31	26.85
EBITA Margin %	7.33	7.8	8.18	9.58	24.94
EBIT Margin %	6.63	6.88	7.1	8.47	22.04
Income From Continuing Operations Margin %	4.1	4.02	4.98	4.74	15.32
Net Income Margin %	4.1	4.02	4.98	4.72	15.23