Cash flow Reply S.p.A.

Equities

REY

IT0005282865

IT Services & Consulting

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-01-24 am EST			5-day change	1st Jan Change
155.90 ^EUR	+1.43%		+3.59%	+1.63%

Jan. 09	Angelucci sells 699 shares of Reply common stock	AN
Jan. 08	Alika completes sale of 1 million Reply shares through ABB	AN

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Published financial data: REPLY S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.18B	1.25B	1.48B	1.89B	2.12B
Other Revenues, Total	23.16M	19.4M	17.63M	19.45M	23.95M
Total Revenues	1.21B	1.27B	1.5B	1.91B	2.14B
Cost of Goods Sold, Total	1.01B	1.06B	1.24B	1.61B	1.78B
Gross Profit	196M	211M	262M	296M	362M
Selling General & Admin Expenses, Total	4.28M	3.85M	4.69M	6.72M	8.81M
Depreciation & Amortization - (IS)	37.24M	42.44M	48.39M	58.61M	75.2M
Other Operating Expenses	790K	-448K	-5.2M	-50.67M	1.48M
Other Operating Expenses, Total	42.31M	45.84M	47.88M	14.66M	85.5M
Operating Income	154M	165M	214M	282M	277M
Interest Expense, Total	-4.21M	-4.48M	-4.79M	-5.94M	-9.29M
Interest And Investment Income	281K	640K	616K	1.77M	6.44M
Net Interest Expenses	-3.92M	-3.84M	-4.18M	-4.17M	-2.85M
Currency Exchange Gains (Loss)	192K	-161K	447K	1.54M	3.58M
Other Non Operating Income (Expenses)	-1.54M	-4.72M	-87K	1.26M	-9.08M
EBT, Excl. Unusual Items	149M	157M	211M	280M	269M
Gain (Loss) On Sale Of Investments	11.36M	1.24M	7.81M	-15.41M	-12.81M
Other Unusual Items	1.26M	4.04M	-5.11M	3.77M	15.86M
EBT, Incl. Unusual Items	161M	162M	213M	269M	272M
Income Tax Expense	44.83M	37.85M	60.87M	76.51M	83.12M
Earnings From Continuing Operations	117M	124M	152M	192M	188M
Net Income to Company	117M	124M	152M	192M	188M
Minority Interest	-2.73M	-608K	-1.74M	-1.17M	-1.76M
Net Income - (IS)	114M	124M	151M	191M	187M
Net Income to Common Incl Extra Items	114M	124M	151M	191M	187M
Net Income to Common Excl. Extra Items	114M	124M	151M	191M	187M
Per Share Items
Net EPS - Basic	3.04	3.3	4.03	5.13	5.01
Basic EPS - Continuing Operations	3.04	3.3	4.03	5.13	5.01
Basic Weighted Average Shares Outstanding	37.41M	37.41M	37.36M	37.25M	37.28M
Net EPS - Diluted	3.04	3.3	4.03	5.13	5.01
Diluted EPS - Continuing Operations	3.04	3.3	4.03	5.13	5.01
Diluted Weighted Average Shares Outstanding	37.41M	37.41M	37.36M	37.25M	37.28M
Normalized Basic EPS	2.41	2.6	3.48	4.67	4.46
Normalized Diluted EPS	2.41	2.6	3.48	4.67	4.46
Dividend Per Share	0.52	0.56	0.8	1	1
Payout Ratio	14.78	16.26	13.88	15.58	19.97
Supplemental Items
EBITDA	165M	178M	230M	308M	316M
EBITA	155M	168M	219M	294M	300M
EBIT	154M	165M	214M	282M	277M
EBITDAR	169M	181M	235M	314M	324M
Effective Tax Rate - (Ratio)	27.77	23.36	28.54	28.48	30.61
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	50M	68.53M	75.49M	74.23M	96.12M
Total Deferred Taxes	-5.02M	-27.74M	-15.68M	4.85M	-12.26M
Normalized Net Income	90.27M	97.38M	130M	174M	166M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	2.23M	2.98M	3.37M	3M	3.5M
Non-Cash Pension Expense	380K	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	2.53M	1.92M	1.52M	1.35M	1.62M
Net Rental Expense, Total	4.28M	3.85M	4.69M	6.72M	8.81M
Imputed Operating Lease Interest Expense	1.44M	876K	1.04M	1.55M	2.88M
Imputed Operating Lease Depreciation	2.84M	2.98M	3.65M	5.17M	5.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	241M	334M	329M	284M	384M
Short Term Investments	1.67M	1.82M	31.54M	28.65M	30.76M
Total Cash And Short Term Investments	243M	336M	361M	312M	414M
Accounts Receivable, Total	432M	345M	472M	659M	739M
Other Receivables	36.97M	79.68M	63.53M	102M	124M
Notes Receivable	-	293K	247K	156K	133K
Total Receivables	469M	425M	535M	761M	864M
Inventory	75.33M	79.78M	86.79M	83.88M	47.06M
Other Current Assets, Total	2.6M	1.62M	1.87M	-	1.99M
Total Current Assets	790M	842M	985M	1.16B	1.33B
Gross Property Plant And Equipment	230M	265M	288M	304M	314M
Accumulated Depreciation	-90.63M	-75.83M	-87.19M	-94.08M	-90.89M
Net Property Plant And Equipment	139M	189M	200M	210M	223M
Long-term Investments	58.24M	56.42M	66.36M	51.05M	41.37M
Goodwill	268M	331M	474M	630M	626M
Other Intangibles, Total	13.68M	25.76M	44.04M	105M	81.51M
Loans Receivable Long-Term	1.94M	3.49M	3.92M	6.29M	1.3M
Deferred Tax Assets Long-Term	33.53M	52.92M	68.89M	61.98M	66.69M
Other Long-Term Assets, Total	4.37M	6.09M	4.63M	5.42M	6.15M
Total Assets	1.31B	1.51B	1.85B	2.23B	2.37B
Liabilities
Accounts Payable, Total	120M	114M	140M	169M	191M
Accrued Expenses, Total	162M	194M	240M	283M	286M
Short-term Borrowings	1.37M	1.32M	14.37M	20.44M	135K
Current Portion of Long-Term Debt	16.65M	10.81M	406K	22.64M	32.28M
Current Portion of Leases	20.99M	25.95M	27.41M	28.49M	31.9M
Current Income Taxes Payable	8.75M	30.52M	11.53M	17.52M	33M
Unearned Revenue Current, Total	116M	118M	158M	204M	201M
Other Current Liabilities	53.22M	70.87M	117M	123M	115M
Total Current Liabilities	499M	565M	709M	868M	891M
Long-Term Debt	25.85M	19.74M	23.31M	74.53M	52.29M
Long-Term Leases	72.72M	119M	102M	97.62M	95.1M
Pension & Other Post Retirement Benefits	43.36M	46.11M	48.6M	42.83M	69.68M
Deferred Tax Liability Non Current	19.81M	16.12M	24.11M	44.96M	41.6M
Other Non Current Liabilities	60.36M	63.76M	124M	128M	107M
Total Liabilities	721M	831M	1.03B	1.26B	1.26B
Common Stock, Total	4.86M	4.86M	4.86M	4.86M	4.86M
Additional Paid In Capital	23.3M	-	-	-	-
Retained Earnings	470M	499M	528M	685M	832M
Treasury Stock	-25K	-25K	-7.22M	-17.12M	-17.12M
Comprehensive Income and Other	85.35M	171M	288M	298M	295M
Total Common Equity	584M	675M	813M	970M	1.11B
Minority Interest	3.34M	918K	2.62M	1.58M	1.88M
Total Equity	587M	676M	816M	972M	1.12B
Total Liabilities And Equity	1.31B	1.51B	1.85B	2.23B	2.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	37.41M	37.41M	37.34M	37.28M	37.28M
ECS Total Common Shares Outstanding	37.41M	37.41M	37.34M	37.28M	37.28M
Book Value / Share	15.6	18.05	21.78	26.03	29.91
Tangible Book Value	303M	319M	295M	235M	407M
Tangible Book Value Per Share	8.09	8.52	7.9	6.3	10.91
Total Debt	138M	177M	168M	244M	212M
Net Debt	-105M	-158M	-193M	-68.62M	-203M
Debt Equivalent of Unfunded Proj. Benefit Obligation	12.38M	11.96M	11.18M	7.16M	6.9M
Debt Equivalent Oper. Leases	34.25M	30.82M	37.5M	53.77M	70.51M
Minority Interest, Total (Incl. Fin. Div)	3.34M	918K	2.62M	1.58M	1.88M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	75.33M	79.78M	86.79M	83.88M	47.06M
Buildings, Total	23.73M	25.22M	52.33M	63.13M	77.18M
Machinery, Total	55.13M	60.96M	69.54M	74.45M	69.73M
Full Time Employees	8.16K	9.06K	10.58K	13.47K	14.8K
Accumulated Allowance for Doubtful Accounts (Supple)	3.88M	4.81M	4.14M	5.6M	6.68M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	114M	124M	151M	191M	187M
Depreciation & Amortization - CF	33.09M	36.66M	39.78M	42.9M	47.91M
Amortization of Goodwill and Intangible Assets - (CF)	853K	2.03M	4.73M	12.03M	23.3M
Depreciation & Amortization, Total	33.95M	38.69M	44.51M	54.92M	71.21M
Amortization of Deferred Charges, Total - (CF)	3.29M	3.76M	3.88M	3.69M	4M
Other Operating Activities, Total	-4.65M	-17.03M	20.38M	-34.67M	28.34M
Change In Accounts Receivable	6.18M	87.54M	-111M	-47.69M	-76.2M
Change In Inventories	1.73M	-4.46M	-7M	-8.28M	33.77M
Change In Accounts Payable	-7.11M	-5.8M	25.77M	1.65M	22.17M
Change In Deferred Taxes	-	-	-	15.91M	-8.07M
Change in Other Net Operating Assets	55.53M	2.74M	80.51M	8.02M	-12.11M
Cash from Operations	203M	229M	208M	185M	250M
Capital Expenditure	-16.6M	-16.37M	-37.12M	-41.77M	-29.26M
Cash Acquisitions	-12.16M	-57.17M	-93.16M	-190M	-10.94M
Investment in Marketable and Equity Securities, Total	-3.4M	-3.02M	-29.81M	-2.56M	-485K
Other Investing Activities, Total	-23.85M	1K	-1K	1K	-
Cash from Investing	-56.01M	-76.55M	-160M	-234M	-40.69M
Long-Term Debt Issued, Total	5.19M	1.46M	3.9M	-	6.5M
Total Debt Issued	5.19M	1.46M	3.9M	-	6.5M
Long-Term Debt Repaid, Total	-17.26M	-40.12M	-40.39M	-41.51M	-56.85M
Total Debt Repaid	-17.26M	-40.12M	-40.39M	-41.51M	-56.85M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-7.2M	-9.9M	-
Common Dividends Paid	-16.83M	-20.09M	-20.91M	-29.76M	-37.28M
Common & Preferred Stock Dividends Paid	-16.83M	-20.09M	-20.91M	-29.76M	-37.28M
Other Financing Activities, Total	-787K	-798K	-710K	79.52M	-1.12M
Cash from Financing	-29.7M	-59.55M	-65.3M	-1.65M	-88.75M
Miscellaneous Cash Flow Adjustments	1K	-	-	-	-
Net Change in Cash	117M	92.93M	-17.82M	-51.43M	120M
Supplemental Items
Cash Interest Paid	1.18M	788K	791K	1.8M	3.78M
Cash Income Tax Paid (Refund)	38.23M	44.83M	37.85M	76.55M	71.66M
Levered Free Cash Flow	173M	222M	163M	98.28M	176M
Unlevered Free Cash Flow	175M	225M	166M	102M	182M
Change In Net Working Capital	-58.2M	-95.59M	-21.09M	90.91M	37.39M
Net Debt Issued / Repaid	-12.08M	-38.66M	-36.49M	-41.51M	-50.35M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.08	7.35	7.99	8.62	7.52
Return on Total Capital	15.12	13.11	14.59	16.01	13.6
Return On Equity %	21.72	19.67	20.43	21.5	18.05
Return on Common Equity	21.3	19.64	20.25	21.42	17.91
Margin Analysis
Gross Profit Margin %	16.29	16.65	17.47	15.51	16.92
SG&A Margin	0.36	0.3	0.31	0.35	0.41
EBITDA Margin %	13.66	13.99	15.32	16.1	14.73
EBITA Margin %	12.85	13.2	14.59	15.37	14.01
EBIT Margin %	12.78	13.04	14.28	14.74	12.93
Income From Continuing Operations Margin %	9.67	9.78	10.15	10.06	8.8
Net Income Margin %	9.44	9.74	10.04	10	8.72
Net Avail. For Common Margin %	9.44	9.74	10.04	10	8.72
Normalized Net Income Margin	7.49	7.67	8.65	9.11	7.75
Levered Free Cash Flow Margin	14.31	17.51	10.88	5.14	8.21
Unlevered Free Cash Flow Margin	14.53	17.73	11.08	5.34	8.48
Asset Turnover
Asset Turnover	1.01	0.9	0.9	0.94	0.93
Fixed Assets Turnover	13.15	7.73	7.7	9.3	9.89
Receivables Turnover (Average Receivables)	2.73	3.22	3.64	3.34	3.03
Inventory Turnover (Average Inventory)	13.25	13.65	14.88	18.92	27.18
Short Term Liquidity
Current Ratio	1.58	1.49	1.39	1.33	1.49
Quick Ratio	1.43	1.34	1.26	1.24	1.43
Operating Cash Flow to Current Liabilities	0.41	0.41	0.29	0.21	0.28
Days Sales Outstanding (Average Receivables)	133.75	113.73	100.4	109.14	120.53
Days Outstanding Inventory (Average Inventory)	27.55	26.82	24.53	19.3	13.43
Average Days Payable Outstanding	44.08	40.31	37.21	34.97	37.68
Cash Conversion Cycle (Average Days)	117.23	100.24	87.72	93.46	96.28
Long Term Solvency
Total Debt/Equity	23.44	26.22	20.55	25.08	18.96
Total Debt / Total Capital	18.99	20.78	17.04	20.05	15.94
LT Debt/Equity	16.79	20.59	15.37	17.71	13.2
Long-Term Debt / Total Capital	13.6	16.31	12.75	14.16	11.1
Total Liabilities / Total Assets	55.11	55.13	55.83	56.38	52.96
EBIT / Interest Expense	36.63	36.97	44.73	47.44	29.8
EBITDA / Interest Expense	44.7	45.61	54.02	56.69	37.46
(EBITDA - Capex) / Interest Expense	40.75	41.95	46.27	49.66	34.31
Total Debt / EBITDA	0.73	0.87	0.65	0.72	0.61
Net Debt / EBITDA	-0.56	-0.78	-0.75	-0.2	-0.58
Total Debt / (EBITDA - Capex)	0.8	0.94	0.76	0.83	0.66
Net Debt / (EBITDA - Capex)	-0.61	-0.84	-0.87	-0.23	-0.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.74	5.3	18.26	27.25	12.11
Gross Profit, 1 Yr. Growth %	30.53	7.59	24.1	13	22.28
EBITDA, 1 Yr. Growth %	13.73	-7.17	10.6	17.02	-7.26
EBITA, 1 Yr. Growth %	18.27	8.73	32.4	37.01	6.56
EBIT, 1 Yr. Growth %	17.62	7.42	29.55	31.39	-1.71
Earnings From Cont. Operations, 1 Yr. Growth %	15.45	6.53	22.7	26.1	-1.94
Net Income, 1 Yr. Growth %	13.96	8.55	21.9	26.78	-2.26
Normalized Net Income, 1 Yr. Growth %	11.77	7.88	33.37	34.01	-4.58
Diluted EPS Before Extra, 1 Yr. Growth %	13.96	8.55	22.07	27.13	-2.33
Accounts Receivable, 1 Yr. Growth %	-0.49	-20.25	36.8	39.83	12.15
Inventory, 1 Yr. Growth %