Cash flow PT Sarana Menara Nusantara Tbk.

Equities

TOWR

ID1000128804

Integrated Telecommunications Services

End-of-day quote INDONESIA S.E. Other stock markets 2025-01-24			5-day change	1st Jan Change
680.00 ^IDR	-2.16%		+3.03%	+3.82%

Nov. 04	PT Sarana Menara Nusantara Tbk., Q3 2024 Earnings Call, Nov 04, 2024
Oct. 30	PT Sarana Menara Nusantara Tbk. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

ceb448aa62a9cbe77.cF4DGhc6ubUqTZBnXcKdsJstgBaw1PkDO-21wNvHH0I.EgR2QnoD2_pfN6UGC6bt5OIfuVmAjZ9JaoiBmJ2eZxojaHJ0cALN2hh62Q

Published financial data: PT SARANA MENARA NUSANTARA TBK.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6,454B	7,445B	8,635B	11,036B	11,740B
Total Revenues	6,454B	7,445B	8,635B	11,036B	11,740B
Cost of Goods Sold, Total	458B	415B	480B	608B	684B
Gross Profit	5,996B	7,030B	8,155B	10,428B	11,056B
Selling General & Admin Expenses, Total	1,119B	625B	721B	911B	1,076B
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	841B	1,644B	1,860B	2,307B	2,843B
Other Operating Expenses	157B	-9.79B	154B	93.76B	7.8B
Other Operating Expenses, Total	2,117B	2,259B	2,734B	3,312B	3,927B
Operating Income	3,879B	4,771B	5,421B	7,116B	7,128B
Interest Expense, Total	-937B	-1,174B	-1,363B	-2,394B	-2,799B
Interest And Investment Income	48.81B	41.98B	30.87B	29.26B	25.65B
Net Interest Expenses	-888B	-1,132B	-1,332B	-2,365B	-2,773B
Currency Exchange Gains (Loss)	55.99B	-183B	8.88B	-92.84B	-14.54B
Other Non Operating Income (Expenses)	-21.18B	-26.86B	-7.36B	2.37B	-59.34B
EBT, Excl. Unusual Items	3,026B	3,429B	4,090B	4,661B	4,282B
Impairment of Goodwill	-	-	-	-	-30M
Gain (Loss) On Sale Of Investments	15.91B	22.07B	51.55B	-50.93B	976M
Gain (Loss) On Sale Of Assets	-	-	-	-	-174B
Asset Writedown	-23.04B	-43.36B	-84.5B	-145B	-
EBT, Incl. Unusual Items	3,019B	3,407B	4,057B	4,465B	4,109B
Income Tax Expense	666B	554B	609B	969B	805B
Earnings From Continuing Operations	2,353B	2,854B	3,448B	3,497B	3,304B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2,353B	2,854B	3,448B	3,497B	3,304B
Minority Interest	-11.13B	-17.62B	-20.5B	-54.51B	-50.54B
Net Income - (IS)	2,342B	2,836B	3,427B	3,442B	3,253B
Net Income to Common Incl Extra Items	2,342B	2,836B	3,427B	3,442B	3,253B
Net Income to Common Excl. Extra Items	2,342B	2,836B	3,427B	3,442B	3,253B
Per Share Items
Net EPS - Basic	46.48	56.55	68.79	69.12	65.32
Basic EPS - Continuing Operations	46.48	56.55	68.79	69.12	65.32
Basic Weighted Average Shares Outstanding	50.39B	50.15B	49.82B	49.8B	49.8B
Net EPS - Diluted	46.48	56.55	68.79	69	65
Diluted EPS - Continuing Operations	46.48	56.55	68.79	69	65
Diluted Weighted Average Shares Outstanding	50.39B	50.15B	49.86B	49.8B	49.8B
Normalized Basic EPS	37.31	42.38	50.9	57.4	52.72
Normalized Diluted EPS	37.31	42.38	50.86	57.4	52.72
Dividend Per Share	23.86	28.09	24.1	24.1	24.1
Payout Ratio	50.69	41.4	40.98	34.93	36.93
Supplemental Items
EBITDA	4,570B	5,513B	6,293B	8,235B	8,700B
EBITA	3,990B	4,894B	5,548B	7,253B	7,268B
EBIT	3,879B	4,771B	5,421B	7,116B	7,128B
EBITDAR	5,260B	5,562B	6,340B	8,289B	8,707B
Effective Tax Rate - (Ratio)	22.05	16.25	15.02	21.69	19.6
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	618B	486B	476B	419B	345B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-66.72B	-146B	-208B	32.36B	-103B
Normalized Net Income	1,880B	2,125B	2,536B	2,858B	2,625B
Interest Capitalized	17.27B	11.01B	21.15B	72.65B	99.84B
Interest on Long-Term Debt	952B	1,186B	313B	567B	202B
Non-Cash Pension Expense	4.05B	-3.24B	-28.33B	-13.21B	4.38B
Supplemental Operating Expense Items
Selling and Marketing Expenses	148B	146B	120B	169B	238B
General and Administrative Expenses	463B	479B	601B	742B	838B
Net Rental Expense, Total	689B	49.44B	46.89B	54.12B	6.92B
Imputed Operating Lease Interest Expense	393B	26.4B	15.4B	23.18B	3.56B
Imputed Operating Lease Depreciation	296B	23.04B	31.48B	30.94B	3.35B
Stock-Based Comp., Other (Total)	-	-	23.91B	64.9B	-
Total Stock-Based Compensation	-	-	23.91B	64.9B	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	594B	1,443B	4,748B	309B	429B
Short Term Investments	-	-	-	34.07B	35.57B
Total Cash And Short Term Investments	594B	1,443B	4,748B	343B	464B
Accounts Receivable, Total	1,348B	1,240B	2,171B	2,558B	3,086B
Other Receivables	30.16B	35.79B	13.07B	57.92B	58.96B
Notes Receivable	-	-	-	-	-
Total Receivables	1,378B	1,276B	2,184B	2,616B	3,145B
Inventory	-	-	-	-	14.57B
Prepaid Expenses	55.94B	81.67B	131B	174B	167B
Restricted Cash	6.57B	4.95B	1.98B	16M	122M
Other Current Assets, Total	440B	197B	333B	519B	636B
Total Current Assets	2,474B	3,002B	7,398B	3,651B	4,427B
Gross Property Plant And Equipment	25,127B	34,884B	49,110B	53,847B	57,139B
Accumulated Depreciation	-5,479B	-6,862B	-9,482B	-10,539B	-11,633B
Net Property Plant And Equipment	19,648B	28,022B	39,628B	43,308B	45,506B
Long-term Investments	224B	476B	531B	507B	494B
Goodwill	360B	360B	15,475B	15,422B	15,509B
Other Intangibles, Total	1,098B	984B	1,184B	1,101B	991B
Accounts Receivable Long-Term	0	0	0	-42.75B	-
Loans Receivable Long-Term	20B	20B	20B	20B	-
Deferred Tax Assets Long-Term	2.61B	1.7B	12.72B	4.53B	-
Deferred Charges Long-Term	3,183B	738B	687B	617B	-
Other Long-Term Assets, Total	656B	645B	892B	1,038B	1,492B
Total Assets	27,666B	34,250B	65,829B	65,625B	68,419B
Liabilities
Accounts Payable, Total	634B	535B	522B	839B	1,207B
Accrued Expenses, Total	296B	453B	638B	703B	732B
Short-term Borrowings	-	-	-	-	54.5B
Current Portion of Long-Term Debt	1,945B	4,110B	16,440B	9,177B	18,324B
Current Portion of Leases	-	281B	353B	387B	265B
Current Income Taxes Payable	-	-	104B	86.64B	89.16B
Unearned Revenue Current, Total	1,519B	1,533B	2,147B	2,149B	2,457B
Other Current Liabilities	172B	314B	1,676B	1,105B	1,170B
Total Current Liabilities	4,565B	7,225B	21,880B	14,446B	24,299B
Long-Term Debt	13,297B	14,159B	28,137B	33,857B	26,165B
Long-Term Leases	-	1,731B	2,192B	1,591B	180B
Unearned Revenue Non Current	46.44B	41.98B	37.15B	35.3B	30.37B
Pension & Other Post Retirement Benefits	34.03B	24.25B	65.2B	46.1B	76.52B
Deferred Tax Liability Non Current	600B	461B	978B	944B	842B
Other Non Current Liabilities	362B	423B	478B	273B	314B
Total Liabilities	18,905B	24,066B	53,767B	51,193B	51,907B
Common Stock, Total	510B	510B	510B	510B	510B
Additional Paid In Capital	20.58B	20.58B	20.58B	20.58B	17.62B
Retained Earnings	8,705B	10,366B	12,394B	14,636B	16,689B
Treasury Stock	-514B	-787B	-931B	-931B	-931B
Comprehensive Income and Other	2.78B	44.58B	37.69B	165B	171B
Total Common Equity	8,725B	10,154B	12,031B	14,401B	16,456B
Minority Interest	36.09B	30.01B	31.02B	31.77B	55.27B
Total Equity	8,761B	10,184B	12,062B	14,432B	16,512B
Total Liabilities And Equity	27,666B	34,250B	65,829B	65,625B	68,419B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.21B	49.94B	49.8B	49.8B	49.8B
ECS Total Common Shares Outstanding	50.21B	49.94B	49.8B	49.8B	49.8B
Book Value / Share	173.78	203.33	241.59	289.17	330.46
Tangible Book Value	7,267B	8,810B	-4,629B	-2,122B	-42.94B
Tangible Book Value Per Share	144.74	176.41	-92.94	-42.6	-0.86
Total Debt	15,242B	20,281B	47,123B	45,012B	44,990B
Net Debt	14,648B	18,838B	42,374B	44,669B	44,525B
Debt Equivalent of Unfunded Proj. Benefit Obligation	30.01B	23.84B	64.4B	45.63B	75.84B
Debt Equivalent Oper. Leases	5,516B	396B	375B	433B	55.34B
Minority Interest, Total (Incl. Fin. Div)	36.09B	30.01B	31.02B	31.77B	55.27B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	9.6B	9.6B	15.71B	16.16B	14.95B
Buildings, Total	43.22B	56.4B	70.78B	196B	232B
Machinery, Total	1,612B	2,528B	41,353B	46,484B	50,390B
Full Time Employees	914	1.02K	1.43K	1.48K	1.75K
Assets under Capital Lease - Gross	32.5B	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-7.76B	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	167B	109B	98.55B	39.66B	83.02B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2,342B	2,836B	3,427B	3,442B	3,253B
Depreciation & Amortization - CF	580B	1,435B	1,646B	2,069B	2,615B
Amortization of Goodwill and Intangible Assets - (CF)	111B	123B	127B	137B	139B
Depreciation & Amortization, Total	691B	1,559B	1,773B	2,206B	2,755B
Amortization of Deferred Charges, Total - (CF)	658B	85.34B	86.49B	87.28B	71.74B
Other Operating Activities, Total	264B	1,471B	909B	2,338B	2,836B
Cash from Operations	3,955B	5,951B	6,196B	8,073B	8,915B
Capital Expenditure	-4,442B	-3,929B	-2,193B	-4,681B	-4,564B
Sale of Property, Plant, and Equipment	1.72B	-	6.87B	4.31B	9.09B
Cash Acquisitions	-336M	-	-16,431B	-1,139B	-42.7B
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-377B	-9.46B	-	-	-
Investment in Marketable and Equity Securities, Total	-	-218B	-	-	50.48B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-31.89B	-
Other Investing Activities, Total	-712B	-	-	-40B	-
Cash from Investing	-5,529B	-4,157B	-18,617B	-5,888B	-4,547B
Long-Term Debt Issued, Total	12,534B	11,023B	44,841B	39,047B	46,250B
Total Debt Issued	12,534B	11,023B	44,841B	39,047B	46,250B
Long-Term Debt Repaid, Total	-8,787B	-9,405B	-26,366B	-42,240B	-46,549B
Total Debt Repaid	-8,787B	-9,405B	-26,366B	-42,240B	-46,549B
Issuance of Common Stock	-	-	-	-	102M
Repurchase of Common Stock	-387B	-273B	-145B	-	-
Common Dividends Paid	-1,187B	-1,174B	-1,405B	-1,202B	-1,201B
Common & Preferred Stock Dividends Paid	-1,187B	-1,174B	-1,405B	-1,202B	-1,201B
Other Financing Activities, Total	-937B	-1,031B	-1,197B	-2,314B	-2,746B
Cash from Financing	1,236B	-860B	15,728B	-6,710B	-4,247B
Foreign Exchange Rate Adjustments	-31.47B	-85.44B	-1.66B	84.87B	-1.43B
Net Change in Cash	-370B	849B	3,306B	-4,440B	120B
Supplemental Items
Cash Interest Paid	878B	969B	1,091B	2,165B	2,640B
Cash Income Tax Paid (Refund)	963B	621B	1,547B	1,515B	1,565B
Levered Free Cash Flow	-1,939B	488B	3,390B	-235B	1,087B
Unlevered Free Cash Flow	-1,354B	1,222B	4,242B	1,262B	2,836B
Change In Net Working Capital	309B	-535B	-1,162B	863B	-118B
Net Debt Issued / Repaid	3,747B	1,618B	18,475B	-3,193B	-299B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	9.58	9.63	6.77	6.77	6.65
Return on Total Capital	11.13	10.95	7.56	7.5	7.37
Return On Equity %	28.02	30.13	31	26.39	21.35
Return on Common Equity	27.95	30.04	30.9	26.04	21.08
Margin Analysis
Gross Profit Margin %	92.9	94.42	94.44	94.49	94.17
SG&A Margin	17.34	8.4	8.35	8.26	9.17
EBITDA Margin %	70.81	74.04	72.88	74.62	74.1
EBITA Margin %	61.82	65.73	64.24	65.72	61.9
EBIT Margin %	60.1	64.08	62.77	64.48	60.72
Income From Continuing Operations Margin %	36.46	38.33	39.93	31.68	28.14
Net Income Margin %	36.29	38.09	39.69	31.19	27.71
Net Avail. For Common Margin %	36.29	38.09	39.69	31.19	27.71
Normalized Net Income Margin	29.13	28.54	29.37	25.9	22.36
Levered Free Cash Flow Margin	-30.05	6.55	39.25	-2.13	9.26
Unlevered Free Cash Flow Margin	-20.98	16.41	49.12	11.43	24.16
Asset Turnover
Asset Turnover	0.25	0.24	0.17	0.17	0.18
Fixed Assets Turnover	0.36	0.31	0.26	0.27	0.26
Receivables Turnover (Average Receivables)	5.95	5.75	5.06	4.67	4.16
Short Term Liquidity
Current Ratio	0.54	0.42	0.34	0.25	0.18
Quick Ratio	0.43	0.38	0.32	0.2	0.15
Operating Cash Flow to Current Liabilities	0.87	0.82	0.28	0.56	0.37
Days Sales Outstanding (Average Receivables)	61.32	63.6	72.1	78.21	87.74
Average Days Payable Outstanding	529.96	515.05	401.41	408.67	-
Long Term Solvency
Total Debt/Equity	173.98	199.14	390.67	311.88	272.47
Total Debt / Total Capital	63.5	66.57	79.62	75.72	73.15
LT Debt/Equity	151.78	156.02	251.44	245.62	159.56
Long-Term Debt / Total Capital	55.4	52.16	51.24	59.63	42.84
Total Liabilities / Total Assets	68.33	70.27	81.68	78.01	75.87
EBIT / Interest Expense	4.14	4.06	3.98	2.97	2.55
EBITDA / Interest Expense	4.88	5.39	5.28	3.89	3.53
(EBITDA - Capex) / Interest Expense	0.14	2.04	3.67	1.94	1.9
Total Debt / EBITDA	3.34	3.2	6.55	4.83	4.55
Net Debt / EBITDA	3.21	2.98	5.89	4.79	4.51
Total Debt / (EBITDA - Capex)	119.07	8.45	9.42	9.7	8.46