Cash flow Ryanair Holdings plc

Equities

RYA

IE00BYTBXV33

Airlines

Market Closed - Euronext Dublin Other stock markets 11:55:00 2025-01-21 am EST			5-day change	1st Jan Change
19.15 ^EUR	+3.91%		+3.32%	+0.45%

Jan. 21	European Equities Traded in the US as American Depositary Receipts Rise Tuesday	MT
Jan. 21	Ryanair says GPS interference a 'relatively small problem' at the moment	RE

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Published financial data: RYANAIR HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	8.49B	1.64B	4.8B	10.78B	13.44B
Total Revenues	8.49B	1.64B	4.8B	10.78B	13.44B
Cost of Goods Sold, Total	6.04B	1.7B	4.01B	7.74B	9.57B
Gross Profit	2.45B	-66.9M	791M	3.04B	3.88B
Selling General & Admin Expenses, Total	579M	202M	411M	674M	757M
Depreciation & Amortization - (IS)	749M	571M	719M	923M	1.06B
Other Operating Expenses, Total	1.33B	772M	1.13B	1.6B	1.82B
Operating Income	1.13B	-839M	-340M	1.44B	2.06B
Interest Expense, Total	-72.9M	-69.8M	-91.4M	-76.8M	-83M
Interest And Investment Income	21.4M	3M	-	42.4M	145M
Net Interest Expenses	-51.5M	-66.8M	-91.4M	-34.4M	61.8M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	41.6M	50.2M	1.2M	34.3M	5.5M
Other Non Operating Income (Expenses)	-447M	-266M	-	-	-
EBT, Excl. Unusual Items	670M	-1.12B	-430M	1.44B	2.13B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	13M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	670M	-1.11B	-430M	1.44B	2.13B
Income Tax Expense	21.6M	-93.6M	-189M	129M	211M
Earnings From Continuing Operations	649M	-1.02B	-241M	1.31B	1.92B
Net Income to Company	649M	-1.02B	-241M	1.31B	1.92B
Net Income - (IS)	649M	-1.02B	-241M	1.31B	1.92B
Net Income to Common Incl Extra Items	649M	-1.02B	-241M	1.31B	1.92B
Net Income to Common Excl. Extra Items	649M	-1.02B	-241M	1.31B	1.92B
Per Share Items
Net EPS - Basic	0.58	-0.91	-0.21	1.16	1.68
Basic EPS - Continuing Operations	0.58	-0.91	-0.21	1.16	1.68
Basic Weighted Average Shares Outstanding	1.11B	1.11B	1.13B	1.14B	1.14B
Net EPS - Diluted	0.58	-0.91	-0.21	1.15	1.67
Diluted EPS - Continuing Operations	0.58	-0.91	-0.21	1.15	1.67
Diluted Weighted Average Shares Outstanding	1.12B	1.11B	1.13B	1.14B	1.14B
Normalized Basic EPS	0.38	-0.63	-0.24	0.79	1.17
Normalized Diluted EPS	0.37	-0.63	-0.24	0.79	1.16
Dividend Per Share	-	-	-	-	0.35
Payout Ratio	-	-	-	-	10.41
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	1.82B	-337M	325M	2.28B	3.06B
EBITA	1.13B	-839M	-340M	1.44B	2.06B
EBIT	1.13B	-839M	-340M	1.44B	2.06B
EBITDAR	1.85B	-330M	-	-	-
Total Revenues (As Reported)	8.49B	1.64B	4.8B	10.78B	13.44B
Effective Tax Rate - (Ratio)	3.22	8.44	43.97	8.92	9.91
Total Current Taxes	44.4M	5.5M	-9.8M	22.7M	49.4M
Total Deferred Taxes	-22.8M	-99.1M	-179M	106M	162M
Normalized Net Income	419M	-701M	-269M	902M	1.33B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	72.9M	69.8M	91.4M	76.8M	83M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	579M	202M	411M	674M	757M
Net Rental Expense, Total	38.2M	6.7M	-	-	-
Imputed Operating Lease Interest Expense	5.67M	776K	-	-	-
Imputed Operating Lease Depreciation	32.53M	5.92M	-	-	-
Maintenance & Repair Expenses, Total	280M	244M	311M	445M	442M
Stock-Based Comp., COGS (Total)	7M	3.6M	8.6M	16.2M	-3.9M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	7M	3.6M	8.6M	16.2M	-3.9M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.57B	2.65B	2.67B	3.6B	3.88B
Short Term Investments	1.21B	466M	934M	1.06B	238M
Total Cash And Short Term Investments	3.77B	3.12B	3.6B	4.66B	4.11B
Accounts Receivable, Total	67.5M	18.6M	43.5M	59.7M	76.4M
Other Receivables	46.8M	-	-	10.3M	6.7M
Total Receivables	114M	18.6M	43.5M	70M	83.1M
Inventory	3.3M	3.6M	4.3M	6M	6.2M
Prepaid Expenses	176M	180M	401M	868M	1.27B
Restricted Cash	34.4M	34.1M	22.7M	19.5M	6.4M
Other Current Assets, Total	392M	106M	1.4B	292M	350M
Total Current Assets	4.49B	3.46B	5.48B	5.91B	5.83B
Gross Property Plant And Equipment	12.51B	13.13B	14.22B	15.73B	17.04B
Accumulated Depreciation	-4.16B	-4.58B	-4.99B	-5.62B	-6.02B
Net Property Plant And Equipment	8.35B	8.55B	9.23B	10.12B	11.01B
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	146M	146M	146M	146M	146M
Deferred Tax Assets Long-Term	53.6M	14M	42.3M	6.6M	2.1M
Other Long-Term Assets, Total	1.71B	160M	257M	224M	186M
Total Assets	14.75B	12.33B	15.15B	16.41B	17.18B
Liabilities
Accounts Payable, Total	1.37B	336M	1.03B	1.07B	792M
Accrued Expenses, Total	2.09B	994M	1.45B	2.02B	2.37B
Short-term Borrowings	-	-	226M	230M	-
Current Portion of Long-Term Debt	204M	1.73B	998M	827M	50M
Current Portion of Leases	254M	52.5M	56.9M	43.2M	39.4M
Current Income Taxes Payable	-	48.1M	47.7M	66.3M	66.6M
Unearned Revenue Current, Total	546M	291M	1.55B	2.79B	2.9B
Other Current Liabilities	1.05B	79.2M	38.6M	387M	179M
Total Current Liabilities	5.51B	3.53B	5.4B	7.42B	6.4B
Long-Term Debt	3.58B	3.52B	3.71B	2.85B	2.53B
Long-Term Leases	171M	131M	81.4M	163M	125M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	4.5M	4.5M	4.5M	4.5M	-
Deferred Tax Liability Non Current	354M	272M	266M	159M	362M
Other Non Current Liabilities	213M	229M	139M	161M	141M
Total Liabilities	9.83B	7.68B	9.6B	10.76B	9.56B
Common Stock, Total	6.5M	6.7M	6.8M	6.9M	6.9M
Additional Paid In Capital	738M	1.16B	1.33B	1.38B	1.4B
Retained Earnings	4.24B	3.23B	2.88B	4.18B	5.9B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-75.5M	246M	1.33B	76.2M	303M
Total Common Equity	4.91B	4.65B	5.55B	5.64B	7.61B
Total Equity	4.91B	4.65B	5.55B	5.64B	7.61B
Total Liabilities And Equity	14.75B	12.33B	15.15B	16.41B	17.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.09B	1.13B	1.14B	1.14B	1.14B
ECS Total Common Shares Outstanding	1.09B	1.13B	1.13B	1.14B	1.14B
Book Value / Share	4.51	4.12	4.89	4.96	6.68
Tangible Book Value	4.77B	4.5B	5.4B	5.5B	7.47B
Tangible Book Value Per Share	4.38	3.99	4.76	4.83	6.55
Total Debt	4.21B	5.43B	5.08B	4.12B	2.75B
Net Debt	438M	2.31B	1.47B	-539M	-1.37B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.5M	4.5M	4.5M	4.5M	-3.1M
Debt Equivalent Oper. Leases	306M	53.6M	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.3M	3.6M	4.3M	6M	6.2M
Buildings, Total	107M	124M	135M	155M	204M
Machinery, Total	12.16B	12.82B	13.96B	15.37B	16.66B
Full Time Employees	17.27K	15.02K	19.12K	22.26K	27.08K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	649M	-1.02B	-241M	1.31B	1.92B
Depreciation & Amortization - CF	749M	571M	719M	923M	1.06B
Depreciation & Amortization, Total	749M	571M	719M	923M	1.06B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	7M	3.6M	8.6M	16.2M	-3.9M
Other Operating Activities, Total	308M	-301M	-326M	269M	155M
Change In Accounts Receivable	-8.1M	48.9M	-24.9M	-16.2M	-16.7M
Change In Inventories	-400K	-300K	-700K	-1.7M	-200K
Change In Accounts Payable	632M	-408M	285M	31.2M	-46.4M
Change in Other Net Operating Assets	-392M	-1.35B	1.52B	1.36B	93.8M
Cash from Operations	1.94B	-2.45B	1.94B	3.89B	3.16B
Capital Expenditure	-1.2B	-295M	-1.18B	-1.91B	-2.39B
Sale of Property, Plant, and Equipment	-	112M	110M	4.9M	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	277M	742M	-469M	-122M	818M
Other Investing Activities, Total	500K	378M	125M	131M	13.1M
Cash from Investing	-918M	937M	-1.41B	-1.9B	-1.56B
Long-Term Debt Issued, Total	750M	2.23B	1.19B	-	-
Total Debt Issued	750M	2.23B	1.19B	-	-
Long-Term Debt Repaid, Total	-476M	-1.03B	-1.78B	-1.09B	-1.14B
Total Debt Repaid	-476M	-1.03B	-1.78B	-1.09B	-1.14B
Issuance of Common Stock	19.1M	421M	46.8M	31.7M	16.4M
Repurchase of Common Stock	-580M	-	-	-	-
Common Dividends Paid	-	-	-	-	-200M
Common & Preferred Stock Dividends Paid	-	-	-	-	-200M
Special Dividend Paid	-	-	-	-	-
Cash from Financing	-287M	1.62B	-536M	-1.05B	-1.33B
Foreign Exchange Rate Adjustments	152M	-27.2M	28.7M	-5.5M	4.9M
Net Change in Cash	891M	84.3M	18.3M	930M	276M
Supplemental Items
Cash Interest Paid	74.3M	59.2M	86.6M	75M	88.7M
Cash Income Tax Paid (Refund)	120M	-87.1M	-9.5M	4.1M	49.1M
Levered Free Cash Flow	1.41B	-3.21B	116M	2.7B	-569M
Unlevered Free Cash Flow	1.45B	-3.17B	173M	2.75B	-517M
Change In Net Working Capital	-1.19B	2.92B	-839M	-2.82B	468M
Net Debt Issued / Repaid	274M	1.2B	-583M	-1.09B	-1.14B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.03	-3.88	-1.54	5.71	7.67
Return on Total Capital	7.84	-5.46	-2.05	8.85	12.8
Return On Equity %	12.81	-21.23	-4.73	23.49	28.92
Return on Common Equity	12.81	-21.23	-4.73	23.49	28.92
Margin Analysis
Gross Profit Margin %	28.9	-4.09	16.48	28.21	28.84
SG&A Margin	6.81	12.32	8.57	6.26	5.63
EBITDA Margin %	21.38	-20.6	6.78	21.18	22.72
EBITA Margin %	13.27	-51.31	-7.07	13.39	15.33
EBIT Margin %	13.27	-51.31	-7.07	13.39	15.33
Income From Continuing Operations Margin %	7.64	-62.06	-5.02	12.19	14.26
Net Income Margin %	7.64	-62.06	-5.02	12.19	14.26
Net Avail. For Common Margin %	7.64	-62.06	-5.02	12.19	14.26
Normalized Net Income Margin	4.93	-42.86	-5.6	8.37	9.89
Levered Free Cash Flow Margin	16.56	-196.39	2.41	25.05	-4.23
Unlevered Free Cash Flow Margin	17.09	-193.72	3.6	25.49	-3.84
Asset Turnover
Asset Turnover	0.61	0.12	0.35	0.68	0.8
Fixed Assets Turnover	1.02	0.18	0.54	1.11	1.27
Receivables Turnover (Average Receivables)	133.78	38	154.62	208.82	197.56
Inventory Turnover (Average Inventory)	1.95K	493.54	1.02K	1.5K	1.57K
Short Term Liquidity
Current Ratio	0.82	0.98	1.01	0.8	0.91
Quick Ratio	0.71	0.89	0.68	0.64	0.66
Operating Cash Flow to Current Liabilities	0.35	-0.69	0.36	0.52	0.49
Days Sales Outstanding (Average Receivables)	2.74	9.61	2.36	1.75	1.85
Days Outstanding Inventory (Average Inventory)	0.19	0.74	0.36	0.24	0.23
Average Days Payable Outstanding	58.84	182.63	62.11	49.41	35.54
Cash Conversion Cycle (Average Days)	-55.91	-172.28	-59.39	-47.42	-33.45
Long Term Solvency
Total Debt/Equity	85.69	116.79	91.56	72.94	36.07
Total Debt / Total Capital	46.15	53.87	47.8	42.18	26.51
LT Debt/Equity	76.38	78.52	68.45	53.45	34.9
Long-Term Debt / Total Capital	41.14	36.22	35.73	30.91	25.65
Total Liabilities / Total Assets	66.68	62.31	63.4	65.6	55.67
EBIT / Interest Expense	15.47	-12.03	-3.72	18.78	24.83
EBITDA / Interest Expense	25.74	-3.85	4.16	30.8	37.59
(EBITDA - Capex) / Interest Expense	9.33	-8.07	-8.77	5.87	8.77
Total Debt / EBITDA	2.24	-20.22	13.37	1.74	0.88
Net Debt / EBITDA	0.23	-8.61	3.88	-0.23	-0.44
Total Debt / (EBITDA - Capex)	6.19	-9.64	-6.33	9.12	3.77
Net Debt / (EBITDA - Capex)	0.64	-4.1	-1.84	-1.2	-1.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.36	-80.74	193.49	124.44	24.77
Gross Profit, 1 Yr. Growth %	11.35	-102.73	-1.28K	284.3	27.54
EBITDA, 1 Yr. Growth %	9.61	-118.55	-196.53	601.44	33.89
EBITA, 1 Yr. Growth %	10.88	-174.45	-59.54	-524.79	42.85
EBIT, 1 Yr. Growth %	10.88	-174.45	-59.54	-524.79	42.85
Earnings From Cont. Operations, 1 Yr. Growth %	-26.7	-256.48	-76.28	-645.6	45.92
Net Income, 1 Yr. Growth %	-26.7	-256.48	-76.28	-645.6	45.92
Normalized Net Income, 1 Yr. Growth %	-28.85	-267.34	-61.68	-435.62	47.52
Diluted EPS Before Extra, 1 Yr. Growth %	-24.42	-257.81	-76.7	-641.26	45.22
Accounts Receivable, 1 Yr. Growth %