Balance Sheet Prysmian S.p.A.

Equities

PRY

IT0004176001

Electrical Components & Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-09-16 am EDT			Pre-market 02:33:45 am
61.52 ^EUR	0.00%		61.99	+0.76%

Sep. 16	Prysmian takes over nearly EUR10 million of its own shares	AN
Sep. 02	Prysmian updates on buyback program	AN

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Published financial data: PRYSMIAN S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.52B	10.02B	12.74B	16.07B	15.35B
Other Revenues, Total	57M	47M	105M	46M	50M
Total Revenues	11.58B	10.06B	12.84B	16.11B	15.4B
Cost of Goods Sold, Total	7.36B	6.5B	8.79B	10.77B	9.82B
Gross Profit	4.22B	3.56B	4.05B	5.34B	5.59B
Selling General & Admin Expenses, Total	1.56B	1.39B	2.07B	1.83B	1.85B
Depreciation & Amortization - (IS)	318M	325M	329M	369M	360M
Other Operating Expenses	1.73B	1.43B	1.06B	2.32B	2.33B
Other Operating Expenses, Total	3.61B	3.14B	3.46B	4.52B	4.54B
Operating Income	609M	413M	588M	825M	1.05B
Interest Expense, Total	-73M	-67M	-72M	-64M	-90M
Interest And Investment Income	5M	6M	6M	13M	36M
Net Interest Expenses	-68M	-61M	-66M	-51M	-54M
Income (Loss) On Equity Invest.	24M	18M	27M	47M	33M
Currency Exchange Gains (Loss)	-24M	-9M	-12M	-19M	-13M
Other Non Operating Income (Expenses)	-19M	-20M	-26M	-41M	-36M
EBT, Excl. Unusual Items	522M	341M	511M	761M	979M
Restructuring Charges	-79M	-32M	-21M	-13M	-38M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-168M
Gain (Loss) On Sale Of Assets	0	18M	2M	1M	0
Asset Writedown	-36M	-68M	-6M	-34M	-46M
Insurance Settlements	36M	30M	15M	17M	17M
Legal Settlements	-	-	-	-	-
Other Unusual Items	1M	-37M	-25M	7M	20M
EBT, Incl. Unusual Items	444M	252M	476M	739M	764M
Income Tax Expense	148M	78M	166M	230M	217M
Earnings From Continuing Operations	296M	174M	310M	509M	547M
Net Income to Company	296M	174M	310M	509M	547M
Minority Interest	-4M	4M	-2M	-5M	-18M
Net Income - (IS)	292M	178M	308M	504M	529M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	292M	178M	308M	504M	529M
Net Income to Common Excl. Extra Items	292M	178M	308M	504M	529M
Per Share Items
Net EPS - Basic	1.11	0.68	1.17	1.91	1.94
Basic EPS - Continuing Operations	1.11	0.68	1.17	1.91	1.94
Basic Weighted Average Shares Outstanding	263M	263M	263M	263M	273M
Net EPS - Diluted	1.11	0.68	1.17	1.9	1.84
Diluted EPS - Continuing Operations	1.11	0.68	1.17	1.9	1.84
Diluted Weighted Average Shares Outstanding	263M	263M	264M	266M	291M
Normalized Basic EPS	1.22	0.82	1.2	1.79	2.18
Normalized Diluted EPS	1.22	0.82	1.2	1.77	2.04
Dividend Per Share	0.25	0.5	0.55	0.6	0.7
Payout Ratio	38.7	37.08	42.86	28.57	29.87
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	875M	672M	846M	1.12B	1.34B
EBITA	670M	470M	640M	883M	1.13B
EBIT	609M	413M	588M	825M	1.05B
EBITDAR	960M	-	1.44B	1.19B	1.41B
Total Revenues (As Reported)	11.6B	10.18B	13.09B	16.11B	15.48B
Effective Tax Rate - (Ratio)	33.33	30.95	34.87	31.12	28.4
Total Current Taxes	144M	121M	201M	278M	256M
Total Deferred Taxes	4M	-43M	-35M	-48M	-39M
Normalized Net Income	322M	217M	317M	471M	594M
Interest on Long-Term Debt	55M	34M	37M	20M	20M
Non-Cash Pension Expense	17M	14M	13M	7M	13M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	96M	90M	95M	101M	107M
Net Rental Expense, Total	85M	-	596M	73M	68M
Imputed Operating Lease Interest Expense	15.17M	-	98.92M	10.97M	15.85M
Imputed Operating Lease Depreciation	69.83M	-	497M	62.03M	52.15M
Maintenance & Repair Expenses, Total	122M	110M	114M	151M	164M
Stock-Based Comp., SG&A Exp. (Total)	-1M	31M	33M	104M	57M
Total Stock-Based Compensation	-1M	31M	33M	104M	57M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.07B	1.16B	1.7B	1.28B	1.74B
Short Term Investments	11M	11M	11M	11M	24M
Trading Asset Securities, Total	27M	20M	244M	283M	105M
Total Cash And Short Term Investments	1.11B	1.19B	1.96B	1.58B	1.87B
Accounts Receivable, Total	1.92B	1.54B	1.87B	2.44B	2.47B
Other Receivables	347M	304M	349M	427M	432M
Total Receivables	2.27B	1.84B	2.22B	2.87B	2.9B
Inventory	1.52B	1.53B	2.05B	2.24B	2.26B
Other Current Assets, Total	52M	110M	159M	106M	206M
Total Current Assets	4.96B	4.68B	6.39B	6.8B	7.24B
Gross Property Plant And Equipment	4.54B	4.59B	5.04B	5.55B	6.29B
Accumulated Depreciation	-1.74B	-1.95B	-2.24B	-2.53B	-2.89B
Net Property Plant And Equipment	2.8B	2.65B	2.79B	3.02B	3.4B
Long-term Investments	331M	329M	376M	461M	242M
Goodwill	1.59B	1.51B	1.64B	1.69B	1.66B
Other Intangibles, Total	564M	489M	494M	473M	411M
Deferred Tax Assets Long-Term	170M	207M	182M	203M	299M
Deferred Charges Long-Term	4M	3M	1M	-	4M
Other Long-Term Assets, Total	68M	71M	138M	110M	62M
Total Assets	10.49B	9.93B	12.02B	12.76B	13.32B
Liabilities
Accounts Payable, Total	2.06B	1.96B	2.59B	2.72B	2.2B
Accrued Expenses, Total	500M	457M	483M	556M	538M
Current Portion of Long-Term Debt	178M	91M	1.08B	272M	547M
Current Portion of Leases	44M	52M	53M	58M	70M
Current Income Taxes Payable	51M	25M	54M	133M	64M
Unearned Revenue Current, Total	298M	-	454M	-	-
Other Current Liabilities	923M	1.12B	894M	1.87B	2.73B
Total Current Liabilities	4.06B	3.7B	5.61B	5.6B	6.15B
Long-Term Debt	2.91B	2.91B	2.45B	2.59B	2.25B
Long-Term Leases	135M	143M	158M	156M	234M
Pension & Other Post Retirement Benefits	494M	506M	446M	329M	333M
Deferred Tax Liability Non Current	213M	195M	188M	187M	222M
Other Non Current Liabilities	74M	46M	75M	120M	158M
Total Liabilities	7.88B	7.51B	8.93B	8.98B	9.35B
Common Stock, Total	126M	124M	122M	121M	104M
Retained Earnings	292M	178M	308M	504M	529M
Treasury Stock	-99.44M	-96.82M	-94.69M	-93.88M	-76.29M
Comprehensive Income and Other	2.1B	2.05B	2.58B	3.05B	3.22B
Total Common Equity	2.42B	2.26B	2.92B	3.58B	3.78B
Minority Interest	187M	164M	174M	186M	191M
Total Equity	2.6B	2.42B	3.09B	3.77B	3.97B
Total Liabilities And Equity	10.49B	9.93B	12.02B	12.76B	13.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	263M	263M	264M	264M	273M
ECS Total Common Shares Outstanding	263M	263M	264M	264M	273M
Book Value / Share	9.17	8.58	11.06	13.6	13.86
Tangible Book Value	261M	262M	778M	1.42B	1.71B
Tangible Book Value Per Share	0.99	0.99	2.95	5.39	6.27
Total Debt	3.27B	3.2B	3.74B	3.07B	3.1B
Net Debt	2.16B	2.01B	1.78B	1.5B	1.24B
Debt Equivalent of Unfunded Proj. Benefit Obligation	409M	419M	359M	259M	266M
Debt Equivalent Oper. Leases	680M	-	4.77B	584M	544M
Minority Interest, Total (Incl. Fin. Div)	187M	164M	174M	186M	191M
Equity Method Investments, Total	314M	312M	360M	387M	218M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	486M	484M	698M	864M	872M
Inventories - Work In Process, Total	344M	386M	499M	547M	562M
Inventories - Finished Goods, Total	833M	808M	1B	1.02B	1.1B
Land - (BS)	298M	285M	304M	322M	325M
Buildings, Total	1.1B	1.09B	1.28B	1.36B	1.42B
Machinery, Total	2.42B	2.38B	2.83B	2.96B	3.19B
Full Time Employees	28.71K	28.32K	29.76K	29.86K	29.21K
Part Time Employees	-	-	-	328	390
Accumulated Allowance for Doubtful Accounts (Supple)	88M	94M	97M	97M	98M
Order Backlog	2.01B	3.5B	2.3B	6.6B	18B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	292M	178M	308M	504M	529M
Depreciation & Amortization - CF	249M	259M	261M	291M	282M
Amortization of Goodwill and Intangible Assets - (CF)	61M	57M	52M	58M	78M
Depreciation & Amortization, Total	310M	316M	313M	349M	360M
Amortization of Deferred Charges, Total - (CF)	14M	15M	24M	26M	5M
(Gain) Loss From Sale Of Asset	-1M	-20M	-2M	-1M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	168M
Asset Writedown & Restructuring Costs	36M	68M	6M	34M	46M
(Income) Loss On Equity Investments - (CF)	-15M	-10M	-19M	-47M	-33M
Stock-Based Compensation (CF)	-1M	31M	33M	104M	57M
Other Operating Activities, Total	145M	31M	123M	159M	5M
Change In Accounts Receivable	14M	13M	398M	-175M	-523M
Change In Inventories	-7M	-101M	-449M	-171M	-88M
Change in Other Net Operating Assets	-12M	184M	42M	256M	890M
Cash from Operations	775M	705M	777M	1.04B	1.42B
Capital Expenditure	-240M	-240M	-258M	-429M	-599M
Sale of Property, Plant, and Equipment	20M	18M	8M	2M	-
Cash Acquisitions	-7M	-5M	-85M	-7M	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-28M	-22M	-25M	-25M	-25M
Investment in Marketable and Equity Securities, Total	-5M	-1M	-222M	-39M	133M
Cash from Investing	-260M	-250M	-582M	-498M	-491M
Long-Term Debt Issued, Total	350M	-	844M	1.34B	120M
Total Debt Issued	350M	-	844M	1.34B	120M
Long-Term Debt Repaid, Total	-517M	-117M	-269M	-2B	-200M
Total Debt Repaid	-517M	-117M	-269M	-2B	-200M
Issuance of Common Stock	-	1M	1M	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-113M	-66M	-132M	-144M	-158M
Common & Preferred Stock Dividends Paid	-113M	-66M	-132M	-144M	-158M
Other Financing Activities, Total	-168M	-143M	-109M	-152M	-186M
Cash from Financing	-448M	-325M	335M	-961M	-424M
Foreign Exchange Rate Adjustments	2M	-36M	8M	4M	-45M
Net Change in Cash	69M	94M	538M	-417M	456M
Supplemental Items
Cash Interest Paid	62M	55M	57M	88M	140M
Cash Income Tax Paid (Refund)	111M	142M	120M	221M	328M
Levered Free Cash Flow	424M	435M	374M	510M	500M
Unlevered Free Cash Flow	464M	471M	412M	544M	552M
Change In Net Working Capital	-34M	-119M	35M	-9M	-103M
Net Debt Issued / Repaid	-167M	-117M	575M	-665M	-80M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.68	2.53	3.35	4.16	5.03
Return on Total Capital	6.61	4.49	5.9	7.54	9.42
Return On Equity %	11.9	6.93	11.25	14.84	14.13
Return on Common Equity	12.69	7.62	11.91	15.51	14.36
Margin Analysis
Gross Profit Margin %	36.45	35.36	31.54	33.17	36.27
SG&A Margin	13.52	13.83	16.15	11.36	12
EBITDA Margin %	7.56	6.68	6.59	6.92	8.71
EBITA Margin %	5.79	4.67	4.98	5.48	7.32
EBIT Margin %	5.26	4.1	4.58	5.12	6.81
Income From Continuing Operations Margin %	2.56	1.73	2.41	3.16	3.55
Net Income Margin %	2.52	1.77	2.4	3.13	3.43
Net Avail. For Common Margin %	2.52	1.77	2.4	3.13	3.43
Normalized Net Income Margin	2.78	2.16	2.47	2.92