Balance Sheet RTL Group S.A.

Equities

RRTL

LU0061462528

Broadcasting

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Jan. 30	RTL: Stefan Raab Moves His Show to Late-Night Slot	DP
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Published financial data: RTL GROUP S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	6.02B	6.64B	7.22B	6.23B	6.25B
Total Revenues	6.02B	6.64B	7.22B	6.23B	6.25B
Cost of Goods Sold, Total	2.14B	2.64B	3.05B	2.72B	2.87B
Gross Profit	3.87B	4B	4.17B	3.52B	3.39B
Selling General & Admin Expenses, Total	167M	189M	222M	213M	213M
Stock-Based Compensation (IS)	5M	6M	5M	4M	4M
Depreciation & Amortization - (IS)	245M	209M	240M	239M	283M
Other Operating Expenses	2.66B	2.5B	2.66B	2.47B	2.28B
Other Operating Expenses, Total	3.08B	2.91B	3.12B	2.93B	2.78B
Operating Income	790M	1.09B	1.05B	590M	606M
Interest Expense, Total	-33M	-24M	-24M	-43M	-63M
Interest And Investment Income	4M	5M	5M	13M	17M
Net Interest Expenses	-29M	-19M	-19M	-30M	-46M
Income (Loss) On Equity Invest.	32M	27M	14M	61M	46M
Currency Exchange Gains (Loss)	-	-10M	-19M	-	-1M
Other Non Operating Income (Expenses)	1M	3M	-13M	23M	20M
EBT, Excl. Unusual Items	794M	1.09B	1.01B	644M	625M
Restructuring Charges	-	-28M	-23M	-	-21M
Merger & Related Restructuring Charges	-	-	-2M	-	-3M
Impairment of Goodwill	-25M	-19M	-46M	-43M	-54M
Gain (Loss) On Sale Of Investments	-62M	-113M	-113M	-25M	34M
Gain (Loss) On Sale Of Assets	172M	949M	107M	40M	-
Asset Writedown	-3M	-	-	-	-
Other Unusual Items	-1M	-	-	-9M	-1M
EBT, Incl. Unusual Items	875M	1.88B	932M	607M	580M
Income Tax Expense	250M	427M	166M	124M	152M
Earnings From Continuing Operations	625M	1.45B	766M	483M	428M
Earnings Of Discontinued Operations	-	-	-	115M	127M
Net Income to Company	625M	1.45B	766M	598M	555M
Minority Interest	-133M	-153M	-93M	-131M	-95M
Net Income - (IS)	492M	1.3B	673M	467M	460M
Net Income to Common Incl Extra Items	492M	1.3B	673M	467M	460M
Net Income to Common Excl. Extra Items	492M	1.3B	673M	352M	333M
Per Share Items
Net EPS - Basic	3.2	8.41	4.35	3.02	2.97
Basic EPS - Continuing Operations	3.2	8.41	4.35	2.27	2.15
Basic Weighted Average Shares Outstanding	154M	155M	155M	155M	155M
Net EPS - Diluted	3.2	8.41	4.35	3.01	2.97
Diluted EPS - Continuing Operations	3.2	8.41	4.35	2.27	2.15
Diluted Weighted Average Shares Outstanding	154M	155M	155M	155M	155M
Normalized Basic EPS	2.37	3.42	3.47	1.75	1.91
Normalized Diluted EPS	2.37	3.42	3.47	1.75	1.91
Dividend Per Share	2.5	3.5	3.5	2.75	2.5
Payout Ratio	-	37.82	116.49	132.76	92.61
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	900M	1.2B	1.18B	739M	712M
EBITA	839M	1.14B	1.12B	677M	696M
EBIT	790M	1.09B	1.05B	590M	606M
EBITDAR	925M	1.22B	1.22B	782M	756M
Effective Tax Rate - (Ratio)	28.57	22.7	17.81	20.43	26.21
Total Current Taxes	242M	421M	177M	113M	91M
Total Deferred Taxes	8M	6M	-11M	11M	61M
Normalized Net Income	363M	530M	538M	272M	296M
Interest on Long-Term Debt	24.2M	21.2M	21.2M	39M	10M
Non-Cash Pension Expense	1M	2M	5M	-1M	6M
Supplemental Operating Expense Items
Marketing Expenses	142M	161M	180M	164M	163M
Selling and Marketing Expenses	142M	161M	180M	164M	163M
Net Rental Expense, Total	25M	27M	38M	43M	44M
Imputed Operating Lease Interest Expense	5.57M	4.79M	7M	12.79M	16.62M
Imputed Operating Lease Depreciation	19.43M	22.21M	31M	30.21M	27.38M
Maintenance & Repair Expenses, Total	75M	125M	160M	150M	149M
Stock-Based Comp., Other (Total)	5M	6M	5M	4M	4M
Total Stock-Based Compensation	5M	6M	5M	4M	4M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	436M	547M	589M	575M	587M
Short Term Investments	5M	19M	6M	9M	3M
Trading Asset Securities, Total	-	274M	127M	101M	4M
Total Cash And Short Term Investments	441M	840M	722M	685M	594M
Accounts Receivable, Total	1.41B	1.89B	1.64B	1.29B	1.54B
Other Receivables	157M	441M	159M	122M	195M
Notes Receivable	1M	3M	-	1M	-
Total Receivables	1.57B	2.34B	1.79B	1.41B	1.74B
Inventory	8M	15M	18M	9M	9M
Prepaid Expenses	120M	80M	93M	102M	101M
Other Current Assets, Total	2.22B	2.31B	2.11B	2.34B	2.39B
Total Current Assets	4.36B	5.58B	4.74B	4.55B	4.83B
Gross Property Plant And Equipment	1.33B	1.22B	1.28B	1.2B	1.26B
Accumulated Depreciation	-709M	-672M	-670M	-669M	-682M
Net Property Plant And Equipment	620M	547M	614M	527M	581M
Long-term Investments	423M	409M	414M	453M	429M
Goodwill	2.87B	3.04B	3.33B	3.15B	3.36B
Other Intangibles, Total	349M	479M	607M	574M	640M
Accounts Receivable Long-Term	33M	41M	46M	48M	59M
Loans Receivable Long-Term	37M	25M	13M	12M	10M
Deferred Tax Assets Long-Term	333M	322M	318M	302M	249M
Other Long-Term Assets, Total	48M	40M	53M	57M	73M
Total Assets	9.07B	10.49B	10.13B	9.67B	10.23B
Liabilities
Accounts Payable, Total	1.6B	1.69B	1.37B	1.25B	1.26B
Accrued Expenses, Total	248M	324M	470M	354M	347M
Short-term Borrowings	59M	17M	23M	58M	51M
Current Portion of Long-Term Debt	65M	32M	524M	195M	315M
Current Portion of Leases	60M	59M	85M	76M	74M
Current Income Taxes Payable	24M	41M	24M	18M	10M
Unearned Revenue Current, Total	335M	457M	599M	502M	437M
Other Current Liabilities	723M	988M	582M	407M	782M
Total Current Liabilities	3.12B	3.6B	3.68B	2.86B	3.28B
Long-Term Debt	641M	635M	138M	689M	713M
Long-Term Leases	324M	273M	300M	225M	273M
Unearned Revenue Non Current	4M	2M	5M	7M	8M
Pension & Other Post Retirement Benefits	297M	287M	287M	318M	329M
Deferred Tax Liability Non Current	48M	54M	75M	69M	93M
Other Non Current Liabilities	288M	361M	439M	402M	345M
Total Liabilities	4.72B	5.22B	4.92B	4.57B	5.04B
Common Stock, Total	192M	192M	192M	192M	192M
Retained Earnings	-	-	-	-	4.13B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	3.51B	4.35B	4.23B	4.06B	-19M
Total Common Equity	3.71B	4.54B	4.42B	4.25B	4.31B
Minority Interest	647M	734M	791M	850M	887M
Total Equity	4.35B	5.27B	5.21B	5.1B	5.19B
Total Liabilities And Equity	9.07B	10.49B	10.13B	9.67B	10.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	155M	155M	155M	155M
ECS Total Common Shares Outstanding	155M	155M	155M	155M	155M
Book Value / Share	23.95	29.33	28.58	27.46	27.83
Tangible Book Value	486M	1.02B	488M	528M	303M
Tangible Book Value Per Share	3.14	6.57	3.15	3.41	1.96
Total Debt	1.15B	1.02B	1.07B	1.24B	1.43B
Net Debt	708M	176M	348M	558M	832M
Debt Equivalent of Unfunded Proj. Benefit Obligation	184M	168M	154M	162M	164M
Debt Equivalent Oper. Leases	200M	216M	304M	344M	352M
Minority Interest, Total (Incl. Fin. Div)	647M	734M	791M	850M	887M
Equity Method Investments, Total	384M	366M	376M	405M	386M
Account Code - Inventory Valuation	3	3	3	3	3
Film Contract & Broadcasting Rights - Long-Term, Total	2.02B	2.1B	2.15B	2.16B	2.26B
Land - (BS)	393M	386M	399M	394M	395M
Machinery, Total	362M	313M	298M	290M	298M
Full Time Employees	15.96K	17.65K	18.62K	17.73K	12.94K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	492M	1.3B	673M	467M	460M
Depreciation & Amortization - CF	125M	114M	134M	143M	93M
Amortization of Goodwill and Intangible Assets - (CF)	49M	46M	76M	87M	90M
Depreciation & Amortization, Total	174M	160M	210M	230M	183M
Amortization of Deferred Charges, Total - (CF)	72M	68M	76M	61M	100M
(Gain) Loss From Sale Of Asset	-171M	-949M	-107M	-40M	8M
(Gain) Loss on Sale of Investments - (CF)	-	115M	108M	25M	-34M
Asset Writedown & Restructuring Costs	30M	16M	-33M	35M	74M
Stock-Based Compensation (CF)	5M	6M	5M	4M	4M
Other Operating Activities, Total	251M	213M	34M	71M	87M
Change in Other Net Operating Assets	80M	2M	-503M	-316M	-121M
Cash from Operations	933M	932M	463M	537M	761M
Capital Expenditure	-118M	-107M	-133M	-120M	-122M
Sale of Property, Plant, and Equipment	2M	2M	1M	1M	8M
Cash Acquisitions	-10M	-353M	53M	-44M	-208M
Divestitures	120M	665M	194M	32M	1M
Sale (Purchase) of Intangible assets	-60M	-88M	-68M	-57M	-52M
Investment in Marketable and Equity Securities, Total	-13M	-19M	57M	-6M	162M
Other Investing Activities, Total	-533M	-214M	554M	220M	89M
Cash from Investing	-612M	-114M	658M	26M	-122M
Long-Term Debt Issued, Total	251M	56M	35M	293M	191M
Total Debt Issued	251M	56M	35M	293M	191M
Long-Term Debt Repaid, Total	-330M	-176M	-160M	-127M	-212M
Total Debt Repaid	-330M	-176M	-160M	-127M	-212M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-492M	-784M	-620M	-426M
Common & Preferred Stock Dividends Paid	-	-492M	-784M	-620M	-426M
Special Dividend Paid	-	-77M	-	-	-
Other Financing Activities, Total	-95M	-70M	-183M	-124M	-190M
Cash from Financing	-174M	-759M	-1.09B	-578M	-637M
Foreign Exchange Rate Adjustments	-16M	4M	-11M	-	9M
Miscellaneous Cash Flow Adjustments	-72M	-23M	-	-	-
Net Change in Cash	59M	40M	18M	-15M	11M
Supplemental Items
Cash Interest Paid	28M	26M	24M	34M	58M
Cash Income Tax Paid (Refund)	248M	437M	293M	162M	154M
Levered Free Cash Flow	-19.88M	444M	1B	90.88M	389M
Unlevered Free Cash Flow	750K	459M	1.01B	118M	429M
Change In Net Working Capital	566M	262M	-271M	369M	63M
Net Debt Issued / Repaid	-79M	-120M	-125M	166M	-21M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.47	6.97	6.32	3.72	3.81
Return on Total Capital	9.36	11.57	10.37	5.84	5.84
Return On Equity %	15.28	30.21	14.57	9.36	8.32
Return on Common Equity	14.06	31.56	15.02	8.12	7.78
Margin Analysis
Gross Profit Margin %	64.35	60.27	57.72	56.43	54.16
SG&A Margin	2.78	2.85	3.07	3.42	3.41
EBITDA Margin %	14.96	18.01	16.33	11.85	11.38
EBITA Margin %	13.94	17.13	15.53	10.86	11.13
EBIT Margin %	13.13	16.44	14.48	9.46	9.69
Income From Continuing Operations Margin %	10.39	21.91	10.6	7.75	6.84
Net Income Margin %	8.18	19.6	9.32	7.49	7.36
Net Avail. For Common Margin %	8.18	19.6	9.32	5.65	5.32
Normalized Net Income Margin	6.04	7.98	7.44	4.36	4.73
Levered Free Cash Flow Margin	-0.33	6.69	13.84	1.46	6.23
Unlevered Free Cash Flow Margin	0.01	6.91	14.05	1.89	6.86
Asset Turnover
Asset Turnover	0.67	0.68	0.7	0.63	0.63
Fixed Assets Turnover	9.15	11.37	12.44	10.93	11.29
Receivables Turnover (Average Receivables)	3.59	4.01	4.09	4.27	4.42
Inventory Turnover (Average Inventory)	204.29	229.3	185.09	201.19	318.56
Short Term Liquidity
Current Ratio	1.4	1.55	1.29	1.59	1.47
Quick Ratio	0.65	0.88	0.68	0.73	0.71
Operating Cash Flow to Current Liabilities	0.3	0.26	0.13	0.19	0.23
Days Sales Outstanding (Average Receivables)	102.01	90.96	89.15	85.51	82.78
Days Outstanding Inventory (Average Inventory)	1.79	1.59	1.97	1.81	1.15
Average Days Payable Outstanding	291.69	226.88	169.25	176.3	160.21
Cash Conversion Cycle (Average Days)	-187.89	-134.33	-78.12	-88.97	-76.28
Long Term Solvency
Total Debt/Equity	26.4	19.27	20.53	24.37	27.46
Total Debt / Total Capital	20.88	16.16	17.03	19.6	21.54
LT Debt/Equity	22.17	17.22	8.4	17.92	18.99
Long-Term Debt / Total Capital	17.54	14.44	6.97	14.41	14.9
Total Liabilities / Total Assets	52.01	49.73	48.55	47.24	49.25
EBIT / Interest Expense	23.94	45.46	43.58	13.72	9.62
EBITDA / Interest Expense	29.21	52.12	52.33	19.07	12.52
(EBITDA - Capex) / Interest Expense	25.64	47.67	46.79	16.28	10.59
Total Debt / EBITDA	1.19	0.81	0.85	1.52	1.81
Net Debt / EBITDA	0.73	0.14	0.28	0.68	1.05
Total Debt / (EBITDA - Capex)	1.36	0.89	0.95	1.78	2.14
Net Debt / (EBITDA - Capex)	0.84	0.15	0.31	0.8	1.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.53	10.3	8.84	-5.39	0.32
Gross Profit, 1 Yr. Growth %	-10.27	3.31	4.25	-7.2	1.47
EBITDA, 1 Yr. Growth %	-23.99	28.77	-1.26	-25.8	-3.78
EBITA, 1 Yr. Growth %	-24.89	31.6	-1.32	-27.9	-3.47
EBIT, 1 Yr. Growth %	-26.65	33.86	-4.12	-31.63	-4.42
Earnings From Cont. Operations, 1 Yr. Growth %	-27.66	132.64	-47.32	-24.77	-11.39
Net Income, 1 Yr. Growth %	-34.75	164.43	-48.27	-30.61	-1.5
Normalized Net Income, 1 Yr. Growth %	-39.46	39.3	1.53	-35.66	-1.13
Diluted EPS Before Extra, 1 Yr. Growth %	-34.83	162.73	-48.27	-36.02	-5.29
Accounts Receivable, 1 Yr. Growth %	-27.11	33.95	-13.67	-21.35	19.98
Inventory, 1 Yr. Growth %	-38.46	87.5	20	-50	0
Net Property, Plant and Equip., 1 Yr. Growth %	-10.79	-11.77	12.25	-14.17	10.25
Total Assets, 1 Yr. Growth %	1	15.63	-3.9	-4.75	5.85
Tangible Book Value, 1 Yr. Growth %	-567.31	109.05	-49.22	9.54	-42.61
Common Equity, 1 Yr. Growth %	12.58	22.45	-2.56	-3.89	1.32
Cash From Operations, 1 Yr. Growth %	-11.56	-0.11	-50.32	15.98	41.71
Capital Expenditures, 1 Yr. Growth %	10.28	-9.32	24.3	-9.77	1.67
Levered Free Cash Flow, 1 Yr. Growth %	-103.12	-	125.23	-89.85	416.58
Unlevered Free Cash Flow, 1 Yr. Growth %	-99.89	2.27K	121.14	-87.07	319.32
Dividend Per Share, 1 Yr. Growth %	-	40	0	-21.43	-9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.82	-0.11	9.57	-3.08	-2.58
Gross Profit, 2 Yr. CAGR %	-5.47	-3.72	3.78	-6.22	-5.48
EBITDA, 2 Yr. CAGR %	-13.07	0.46	12.76	-21.36	-15.45
EBITA, 2 Yr. CAGR %	-13.53	0.89	13.96	-22.84	-13.91
EBIT, 2 Yr. CAGR %	-14.39	0.65	13.29	-26.46	-16.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-10.77	29.73	10.71	-42.36	-18.35
Net Income, 2 Yr. CAGR %	-14.18	31.36	16.96	-40.09	-17.33
Normalized Net Income, 2 Yr. CAGR %	-21.11	-6.06	18.93	-28.39	-16.3
Diluted EPS Before Extra, 2 Yr. CAGR %	-14.23	30.86	16.58	-48.04	-22.15
Accounts Receivable, 2 Yr. CAGR %	-11.66	-1.19	7.53	-17.6	-2.85
Inventory, 2 Yr. CAGR %	-14.72	7.42	50	-22.54	-29.29
Net Property, Plant and Equip., 2 Yr. CAGR %	36.66	-11.28	-0.49	-1.85	-2.72
Total Assets, 2 Yr. CAGR %	4.38	8.07	5.69	-4.24	0.41
Tangible Book Value, 2 Yr. CAGR %	74.83	212.56	0.21	-25.88	-20.71
Common Equity, 2 Yr. CAGR %	10.28	17.41	9.23	-3.23	-1.32
Cash From Operations, 2 Yr. CAGR %	3.38	-6.01	-29.56	-24.09	28.2
Capital Expenditures, 2 Yr. CAGR %	-1.25	0	6.17	5.9	-4.22
Levered Free Cash Flow, 2 Yr. CAGR %	-79.58	-16.46	-	-54.75	-34.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	-96.11	-16.56	623.7	-49.34	-31.37
Dividend Per Share, 2 Yr. CAGR %	-20.94	-	18.32	-11.36	-15.48
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.9	0.67	2.79	1.19	-1.96
Gross Profit, 3 Yr. CAGR %	-3.21	-2.63	-1.13	-3.15	-5.39
EBITDA, 3 Yr. CAGR %	-9.14	0.11	-0.11	-7.31	-15.85
EBITA, 3 Yr. CAGR %	-9.42	0.44	0.15	-7.81	-15.09
EBIT, 3 Yr. CAGR %	-10.06	0.4	-0.97	-10.21	-17.8
Earnings From Cont. Operations, 3 Yr. CAGR %	-9.28	22.81	-3.93	-8.23	-33.48
Net Income, 3 Yr. CAGR %	-12.68	24.88	-3.72	-1.72	-29.29
Normalized Net Income, 3 Yr. CAGR %	-15.82	-3.19	-3.59	-10.61	-17.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.7	24.56	-3.96	-10.82	-36.53
Accounts Receivable, 3 Yr. CAGR %	-3.39	1.49	-5.54	-3.11	-6.6
Inventory, 3 Yr. CAGR %	-20.63	10.89	11.46	4	-15.66
Net Property, Plant and Equip., 3 Yr. CAGR %	20.77	18.11	-4.05	-5.27	2.03
Total Assets, 3 Yr. CAGR %	4.7	8.01	4.11	2.15	-0.99
Tangible Book Value, 3 Yr. CAGR %	8.08	85.57	67.42	2.8	-31.94
Common Equity, 3 Yr. CAGR %	7.72	14.2	10.34	4.67	-1.73
Cash From Operations, 3 Yr. CAGR %	-3.02	2.2	-24.01	-16.82	-6.53
Capital Expenditures, 3 Yr. CAGR %	-6.64	-4.02	7.52	0.56	4.47
Levered Free Cash Flow, 3 Yr. CAGR %	-70.61	-2.34	16.27	-	-4.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	-90.2	-2.48	15.47	82.49	-2.24
Dividend Per Share, 3 Yr. CAGR %	-14.5	-4.35	-	3.23	-10.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.04	1.25	2.54	-0.85	-1.22
Gross Profit, 5 Yr. CAGR %	-0.42	-0.52	-0.47	-4.08	-4.73
EBITDA, 5 Yr. CAGR %	-5.23	0.38	-0.34	-9.1	-9.67
EBITA, 5 Yr. CAGR %	-5.5	0.49	-0.12	-9.61	-9.03
EBIT, 5 Yr. CAGR %	-6.1	0.34	-0.75	-11.36	-10.86
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.25	12.25	-1.76	-9.26	-13.11
Net Income, 5 Yr. CAGR %	-9.01	12.56	-1.85	-6.91	-9.41
Normalized Net Income, 5 Yr. CAGR %	-10.44	-3.77	-2.46	-14.19	-13.2
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.03	12.39	-1.99	-12.2	-15.22
Accounts Receivable, 5 Yr. CAGR %	-3.63	2.49	0.84	-6.63	-4.48
Inventory, 5 Yr. CAGR %	-15.89	0	2.38	-3.93	-7.09
Net Property, Plant and Equip., 5 Yr. CAGR %	11.99	13.53	11.77	9.68	-3.52
Total Assets, 5 Yr. CAGR %	2.04	4.79	5.1	3.04	2.65
Tangible Book Value, 5 Yr. CAGR %	11.5	31.85	4.86	27.13	23.85
Common Equity, 5 Yr. CAGR %	4.64	8.08	8.32	6.88	5.52
Cash From Operations, 5 Yr. CAGR %	-1.04	-3.37	-14.66	-9.26	-6.32
Capital Expenditures, 5 Yr. CAGR %	0.17	-4.54	-1.71	-0.17	2.66
Levered Free Cash Flow, 5 Yr. CAGR %	-47.99	-5.76	5.02	-28.21	-9.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	-73.16	-5.54	4.98	-24.96	-8.24
Dividend Per Share, 5 Yr. CAGR %	-3.58	-2.64	-2.64	-7.22	-