Cash flow Rolls-Royce Holdings plc

Equities

RR.

GB00B63H8491

Aerospace & Defense

Real-time Estimate Cboe Europe Other stock markets 06:54:26 2024-09-19 am EDT			5-day change	1st Jan Change
512.40 ^GBX	+3.31%		+3.81%	+71.04%

06:05am	Rolls-Royce Set to Receive Mini Nuclear Reactors Contract in Czech Republic	MT
05:17am	Rolls-Royce Signs Train PowerPacks Overhaul Contract With Netinera	MT

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Published financial data: ROLLS-ROYCE HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	16.59B	11.82B	11.22B	13.52B	16.49B
Total Revenues	16.59B	11.82B	11.22B	13.52B	16.49B
Cost of Goods Sold, Total	15.64B	10.73B	9.08B	10.76B	12.84B
Gross Profit	942M	1.09B	2.14B	2.76B	3.65B
Selling General & Admin Expenses, Total	1.1B	809M	893M	1.08B	1.08B
R&D Expenses	770M	773M	778M	891M	739M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.88B	1.58B	1.67B	1.97B	1.81B
Operating Income	-933M	-492M	465M	787M	1.83B
Interest Expense, Total	-168M	-255M	-172M	-153M	-368M
Interest And Investment Income	31M	22M	7M	35M	164M
Net Interest Expenses	-137M	-233M	-165M	-118M	-204M
Income (Loss) On Equity Invest.	104M	191M	45M	48M	173M
Currency Exchange Gains (Loss)	101M	-327M	55M	-365M	393M
Other Non Operating Income (Expenses)	-158M	-169M	-132M	-166M	-269M
EBT, Excl. Unusual Items	-1.02B	-1.03B	268M	186M	1.92B
Restructuring Charges	-	-	-	-	-102M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	139M	-14M	56M	81M	1M
Asset Writedown	-	-481M	-	-	8M
Other Unusual Items	-7M	-1.38B	-618M	-1.77B	595M
EBT, Incl. Unusual Items	-891M	-2.91B	-294M	-1.5B	2.43B
Income Tax Expense	420M	259M	-418M	-308M	23M
Earnings From Continuing Operations	-1.31B	-3.17B	124M	-1.19B	2.4B
Earnings Of Discontinued Operations	-	-	-3M	-80M	-
Net Income to Company	-1.31B	-3.17B	121M	-1.27B	2.4B
Minority Interest	-4M	-1M	-1M	5M	8M
Net Income - (IS)	-1.32B	-3.17B	120M	-1.27B	2.41B
Net Income to Common Incl Extra Items	-1.32B	-3.17B	120M	-1.27B	2.41B
Net Income to Common Excl. Extra Items	-1.32B	-3.17B	123M	-1.19B	2.41B
Per Share Items
Net EPS - Basic	-0.69	-0.53	0.01	-0.15	0.29
Basic EPS - Continuing Operations	-0.69	-0.53	0.01	-0.14	0.29
Basic Weighted Average Shares Outstanding	1.9B	5.99B	8.33B	8.35B	8.36B
Net EPS - Diluted	-0.69	-0.53	0.01	-0.15	0.29
Diluted EPS - Continuing Operations	-0.69	-0.53	0.01	-0.14	0.29
Diluted Weighted Average Shares Outstanding	1.9B	5.99B	8.35B	8.35B	8.4B
Normalized Basic EPS	-0.34	-0.11	0.02	0.01	0.14
Normalized Diluted EPS	-0.34	-0.11	0.02	0.01	0.14
Dividend Per Share	0.05	-	-	-	-
Payout Ratio	-16.73	-2.87	2.5	-	0.04
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-344M	112M	996M	1.28B	2.32B
EBITA	-835M	-377M	553M	855M	1.91B
EBIT	-933M	-492M	465M	787M	1.83B
EBITDAR	-320M	131M	1.01B	1.32B	2.37B
Effective Tax Rate - (Ratio)	-47.14	-8.9	142.18	20.51	0.95
Current Domestic Taxes	11M	12M	19M	13M	19M
Current Foreign Taxes	225M	140M	163M	151M	258M
Total Current Taxes	236M	152M	182M	164M	277M
Deferred Domestic Taxes	223M	438M	-515M	-423M	-187M
Deferred Foreign Taxes	-39M	-331M	-85M	-49M	-67M
Total Deferred Taxes	184M	107M	-600M	-472M	-254M
Normalized Net Income	-643M	-645M	166M	121M	1.21B
Interest on Long-Term Debt	88M	74M	63M	68M	85M
Non-Cash Pension Expense	199M	-67M	26M	29M	53M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	770M	1.61B	1.14B	1.25B	1.29B
Net Rental Expense, Total	24M	19M	18M	30M	54M
Imputed Operating Lease Interest Expense	6.19M	5.87M	3.22M	5.26M	26.61M
Imputed Operating Lease Depreciation	17.81M	13.13M	14.78M	24.74M	27.39M
Stock-Based Comp., Other (Total)	30M	25M	28M	47M	66M
Total Stock-Based Compensation	30M	25M	28M	47M	66M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.44B	3.45B	2.62B	2.61B	3.78B
Short Term Investments	6M	-	8M	11M	-
Trading Asset Securities, Total	49M	42M	-	2M	8M
Total Cash And Short Term Investments	4.5B	3.49B	2.63B	2.62B	3.79B
Accounts Receivable, Total	4.63B	4.35B	3.67B	3.9B	4.01B
Other Receivables	1.92B	1.83B	2.28B	2.79B	2.87B
Total Receivables	6.55B	6.18B	5.94B	6.69B	6.88B
Inventory	4.32B	3.69B	3.67B	4.71B	4.85B
Prepaid Expenses	604M	837M	950M	1.78B	2.45B
Other Current Assets, Total	98M	415M	2.13B	218M	251M
Total Current Assets	16.07B	14.62B	15.32B	16.01B	18.22B
Gross Property Plant And Equipment	11.18B	11.33B	10.57B	11.05B	10.83B
Accumulated Depreciation	-4.37B	-5.41B	-5.45B	-6.05B	-6.19B
Net Property Plant And Equipment	6.81B	5.92B	5.12B	5B	4.63B
Long-term Investments	619M	671M	616M	894M	764M
Goodwill	994M	1.07B	1.03B	1.1B	1.07B
Other Intangibles, Total	1.78B	1.78B	874M	819M	693M
Deferred Tax Assets Long-Term	1.89B	1.83B	2.25B	2.73B	3B
Deferred Charges Long-Term	2.66B	2.3B	2.14B	2.18B	2.25B
Other Long-Term Assets, Total	1.43B	1.34B	1.33B	719M	888M
Total Assets	32.27B	29.52B	28.67B	29.45B	31.51B
Liabilities
Accounts Payable, Total	3.1B	2B	1.76B	2.3B	2.15B
Accrued Expenses, Total	1.88B	1.45B	1.4B	1.56B	1.23B
Short-term Borrowings	8M	307M	7M	2M	53M
Current Portion of Long-Term Debt	458M	745M	27M	27M	514M
Current Portion of Leases	340M	259M	270M	355M	278M
Current Income Taxes Payable	172M	154M	101M	104M	143M
Unearned Revenue Current, Total	4.24B	4.2B	3.63B	4.85B	6.13B
Other Current Liabilities	4.8B	4.81B	4.69B	4.72B	4.43B
Total Current Liabilities	14.99B	13.93B	11.88B	13.92B	14.93B
Long-Term Debt	2.9B	4.39B	6.1B	4.2B	3.64B
Long-Term Leases	2.01B	1.78B	1.47B	1.49B	1.38B
Unearned Revenue Non Current	6.68B	6.31B	6.75B	7.38B	8.49B
Pension & Other Post Retirement Benefits	1.38B	1.58B	1.37B	1.03B	1.04B
Deferred Tax Liability Non Current	618M	494M	451M	286M	330M
Other Non Current Liabilities	7.03B	5.91B	5.28B	7.16B	5.34B
Total Liabilities	35.62B	34.39B	33.31B	35.47B	35.14B
Common Stock, Total	386M	1.67B	1.67B	1.67B	1.68B
Additional Paid In Capital	319M	1.01B	1.01B	1.01B	1.01B
Retained Earnings	-5.3B	-8.91B	-8.52B	-9.82B	-7.21B
Comprehensive Income and Other	1.22B	1.33B	1.18B	1.08B	835M
Total Common Equity	-3.38B	-4.9B	-4.66B	-6.05B	-3.68B
Minority Interest	22M	22M	26M	34M	52M
Total Equity	-3.35B	-4.88B	-4.64B	-6.02B	-3.63B
Total Liabilities And Equity	32.27B	29.52B	28.67B	29.45B	31.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.92B	8.33B	8.34B	8.36B	8.36B
ECS Total Common Shares Outstanding	1.92B	8.33B	8.34B	8.36B	8.36B
Book Value / Share	-1.76	-0.59	-0.56	-0.72	-0.44
Tangible Book Value	-6.16B	-7.75B	-6.56B	-7.97B	-5.44B
Tangible Book Value Per Share	-3.21	-0.93	-0.79	-0.95	-0.65
Total Debt	5.72B	7.48B	7.88B	6.08B	5.87B
Net Debt	1.23B	3.99B	5.25B	3.46B	2.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-212M	217M	-175M	87M	-65M
Debt Equivalent Oper. Leases	192M	152M	144M	240M	432M
Minority Interest, Total (Incl. Fin. Div)	22M	22M	26M	34M	52M
Equity Method Investments, Total	402M	394M	404M	422M	479M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	522M	417M	376M	479M	516M
Inventories - Work In Process, Total	1.65B	1.14B	1.14B	1.63B	1.68B
Inventories - Finished Goods, Total	2.12B	2.11B	2.15B	2.59B	2.65B
Inventories - Others	27M	23M	9M	3M	-
Land - (BS)	2.02B	1.99B	1.86B	1.94B	1.88B
Machinery, Total	6.37B	6.47B	6.03B	6.22B	5.97B
Full Time Employees	51.7K	48.2K	44K	41.8K	41.4K
Order Backlog	60.9B	53.7B	50.6B	60.2B	68.5B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.32B	-3.17B	120M	-1.27B	2.41B
Depreciation & Amortization - CF	890M	835M	715M	700M	669M
Amortization of Goodwill and Intangible Assets - (CF)	98M	115M	88M	68M	82M
Depreciation & Amortization, Total	988M	950M	803M	768M	751M
Amortization of Deferred Charges, Total - (CF)	220M	208M	193M	184M	197M
(Gain) Loss From Sale Of Asset	-13M	37M	9M	18M	18M
(Gain) Loss on Sale of Investments - (CF)	1M	24M	7M	75M	-
Asset Writedown & Restructuring Costs	107M	1.3B	13M	52M	81M
(Income) Loss On Equity Investments - (CF)	-104M	-191M	-45M	-48M	-119M
Stock-Based Compensation (CF)	30M	25M	28M	47M	66M
Net Cash From Discontinued Operations	-	-	-43M	86M	-
Other Operating Activities, Total	265M	546M	-55M	1.98B	-908M
Change In Accounts Receivable	-651M	-2.4B	-641M	1.7B	1.36B
Change In Inventories	-43M	588M	-169M	-887M	-200M
Change In Accounts Payable	683M	-	-	-	-
Change in Unearned Revenues	1.78B	-	-	-	-
Change in Other Net Operating Assets	351M	-927M	-479M	-857M	-1.17B
Cash from Operations	2.3B	-3.01B	-259M	1.85B	2.48B
Capital Expenditure	-747M	-585M	-328M	-359M	-429M
Sale of Property, Plant, and Equipment	50M	23M	61M	48M	10M
Cash Acquisitions	-43M	-106M	-	-	-14M
Divestitures	453M	23M	99M	1.4B	-4M
Sale (Purchase) of Intangible assets	-627M	-347M	-226M	-229M	-280M
Investment in Marketable and Equity Securities, Total	-4M	-18M	-22M	-32M	-9M
Other Investing Activities, Total	-	-	-12M	-	-
Cash from Investing	-918M	-1.01B	-428M	826M	-726M
Long-Term Debt Issued, Total	22M	4.77B	2B	1M	2M
Total Debt Issued	22M	4.77B	2B	1M	2M
Long-Term Debt Repaid, Total	-1.41B	-3.17B	-1.34B	-2.24B	-292M
Total Debt Repaid	-1.41B	-3.17B	-1.34B	-2.24B	-292M
Issuance of Common Stock	24M	1.97B	-	-	-
Repurchase of Common Stock	-15M	-1M	-	-1M	-
Common Dividends Paid	-220M	-91M	-3M	-	-1M
Common & Preferred Stock Dividends Paid	-220M	-91M	-3M	-	-1M
Other Financing Activities, Total	-196M	-462M	-751M	-624M	-258M
Cash from Financing	-1.79B	3.02B	-88M	-2.87B	-549M
Foreign Exchange Rate Adjustments	-104M	56M	-82M	156M	-84M
Net Change in Cash	-517M	-939M	-857M	-34M	1.13B
Supplemental Items
Cash Interest Paid	192M	162M	269M	303M	281M
Cash Income Tax Paid (Refund)	175M	231M	185M	174M	172M
Levered Free Cash Flow	-717M	-1.33B	-1.95B	2.78B	730M
Unlevered Free Cash Flow	-612M	-1.18B	-1.84B	2.88B	960M
Change In Net Working Capital	-107M	1.12B	2.6B	-1.97B	490M
Net Debt Issued / Repaid	-1.38B	1.61B	666M	-2.24B	-290M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.82	-1	1	1.69	3.76
Return on Total Capital	-19.39	-12.35	9.93	29.72	99.48
Return On Equity %	59.51	77.02	-2.61	22.42	-49.85
Return on Common Equity	59.1	76.63	-2.57	22.2	-49.57
Margin Analysis
Gross Profit Margin %	5.68	9.22	19.04	20.39	22.12
SG&A Margin	6.66	6.84	7.96	7.98	6.52
EBITDA Margin %	-2.07	0.95	8.88	9.5	14.07
EBITA Margin %	-5.03	-3.19	4.93	6.32	11.61