Cash flow SAAB AB

Equities

SAAB B

SE0021921269

Aerospace & Defense

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-01-20 pm EST			5-day change	1st Jan Change
222.50 ^SEK	-0.45%		-3.05%	-4.79%

Jan. 20	Saab share price decline not enough to raise rec, Kepler reiterates hold	FW
Jan. 20	Pareto has listed its favorite stocks for 2025	FW

a0d29e92630d94aa7ddb9f9.9nw-IUj283rh0s0JifPJslMWQYJ3GTZlPs1VI6b7rCA.gB0LciuCvgOni5gwxoSm_h9uLdQzWAZXUKUkTeSNmUuSCHpmMI-1Cbikvg

Published financial data: SAAB AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	35.43B	35.43B	39.15B	42.01B	51.61B
Total Revenues	35.43B	35.43B	39.15B	42.01B	51.61B
Cost of Goods Sold, Total	27.4B	29.31B	30.95B	33.12B	40.35B
Gross Profit	8.04B	6.12B	8.2B	8.89B	11.26B
Selling General & Admin Expenses, Total	4.19B	3.82B	3.75B	3.95B	4.75B
R&D Expenses	1.14B	1.33B	1.66B	1.82B	2.12B
Other Operating Expenses	-73M	-1M	-98M	-84M	-92M
Other Operating Expenses, Total	5.25B	5.15B	5.31B	5.68B	6.78B
Operating Income	2.78B	973M	2.89B	3.2B	4.48B
Interest Expense, Total	-289M	-284M	-292M	-307M	-526M
Interest And Investment Income	80M	71M	32M	131M	497M
Net Interest Expenses	-209M	-213M	-260M	-176M	-29M
Income (Loss) On Equity Invest.	-5M	-180M	-28M	-97M	-685M
Currency Exchange Gains (Loss)	0	129M	-64M	0	-48M
Other Non Operating Income (Expenses)	-72M	-27M	30M	-216M	210M
EBT, Excl. Unusual Items	2.5B	682M	2.57B	2.72B	3.93B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	5M	997M	-	1M	5M
Gain (Loss) On Sale Of Assets	84M	116M	-11M	34M	327M
Asset Writedown	19M	-110M	9M	60M	6M
Insurance Settlements	2M	9M	9M	8M	6M
Other Unusual Items	-	-582M	-	-	144M
EBT, Incl. Unusual Items	2.61B	1.11B	2.58B	2.82B	4.42B
Income Tax Expense	582M	20M	552M	536M	975M
Earnings From Continuing Operations	2.02B	1.09B	2.02B	2.28B	3.44B
Net Income to Company	2.02B	1.09B	2.02B	2.28B	3.44B
Minority Interest	-42M	-19M	-99M	-88M	-62M
Net Income - (IS)	1.98B	1.07B	1.93B	2.2B	3.38B
Net Income to Common Incl Extra Items	1.98B	1.07B	1.93B	2.2B	3.38B
Net Income to Common Excl. Extra Items	1.98B	1.07B	1.93B	2.2B	3.38B
Per Share Items
Net EPS - Basic	3.72	2.02	3.64	4.15	6.36
Basic EPS - Continuing Operations	3.72	2.02	3.64	4.15	6.36
Basic Weighted Average Shares Outstanding	533M	532M	529M	529M	532M
Net EPS - Diluted	3.7	2	3.61	4.1	6.29
Diluted EPS - Continuing Operations	3.7	2	3.61	4.1	6.29
Diluted Weighted Average Shares Outstanding	536M	536M	533M	535M	538M
Normalized Basic EPS	2.85	0.77	2.85	3.04	4.5
Normalized Diluted EPS	2.83	0.76	2.83	3.01	4.45
Dividend Per Share	-	1.18	1.22	1.32	1.6
Payout Ratio	30.31	-	32.29	29.48	20.79
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	3.56B	1.79B	3.79B	4.25B	5.56B
EBITA	2.9B	1.09B	3.04B	3.36B	4.65B
EBIT	2.78B	973M	2.89B	3.2B	4.48B
EBITDAR	3.63B	1.85B	3.84B	4.29B	5.59B
Effective Tax Rate - (Ratio)	22.32	1.8	21.42	19.01	22.07
Total Current Taxes	372M	114M	501M	603M	868M
Total Deferred Taxes	210M	-94M	51M	-67M	107M
Normalized Net Income	1.52B	407M	1.51B	1.61B	2.39B
Interest on Long-Term Debt	104M	93M	98M	106M	139M
Non-Cash Pension Expense	91M	73M	52M	72M	61M
Supplemental Operating Expense Items
Marketing Expenses	2.61B	2.34B	2.27B	2.33B	2.74B
Selling and Marketing Expenses	2.61B	2.34B	2.27B	2.33B	2.74B
General and Administrative Expenses	1.49B	1.41B	1.43B	1.54B	1.98B
Research And Development Expense From Footnotes	6.25B	6.32B	6.56B	7.69B	8.97B
Net Rental Expense, Total	67M	60M	46M	42M	31M
Imputed Operating Lease Interest Expense	15.62M	13.24M	10.82M	10.43M	13M
Imputed Operating Lease Depreciation	51.38M	46.76M	35.18M	31.57M	18M
Stock-Based Comp., G&A Exp. (Total)	8M	7M	6M	6M	6M
Stock-Based Comp., Other (Total)	231M	218M	234M	344M	451M
Total Stock-Based Compensation	239M	225M	240M	350M	457M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.69B	2.27B	1.7B	2.87B	2.13B
Trading Asset Securities, Total	5.79B	8.11B	10.18B	10.41B	11.58B
Total Cash And Short Term Investments	7.48B	10.38B	11.88B	13.28B	13.71B
Accounts Receivable, Total	17.61B	14.17B	15.28B	16.17B	19.77B
Other Receivables	902M	787M	938M	1.07B	1.34B
Notes Receivable	58M	64M	66M	67M	73M
Total Receivables	18.57B	15.02B	16.28B	17.31B	21.19B
Inventory	10.48B	10.25B	11.61B	14.2B	16.79B
Prepaid Expenses	489M	546M	581M	641M	762M
Other Current Assets, Total	1.52B	1.97B	1.18B	2.08B	2.55B
Total Current Assets	38.54B	38.17B	41.53B	47.5B	55B
Gross Property Plant And Equipment	18B	18.67B	19.72B	21.6B	23.22B
Accumulated Depreciation	-8.86B	-9.17B	-9.72B	-10.54B	-10.75B
Net Property Plant And Equipment	9.14B	9.5B	10B	11.06B	12.47B
Long-term Investments	698M	526M	441M	461M	1.36B
Goodwill	5.36B	5.14B	5.25B	5.38B	5.42B
Other Intangibles, Total	530M	680M	869M	906M	1.41B
Loans Receivable Long-Term	521M	351M	457M	564M	333M
Deferred Tax Assets Long-Term	266M	231M	305M	403M	482M
Deferred Charges Long-Term	4.58B	5.7B	6.04B	5.96B	6.11B
Other Long-Term Assets, Total	231M	266M	138M	131M	182M
Total Assets	59.86B	60.57B	65.04B	72.36B	82.76B
Liabilities
Accounts Payable, Total	3.4B	3.3B	3.54B	4.87B	6.09B
Accrued Expenses, Total	2.94B	3.1B	3.3B	3.56B	3.92B
Short-term Borrowings	45M	39M	43M	48M	49M
Current Portion of Long-Term Debt	1.36B	2.23B	1.43B	419M	423M
Current Portion of Leases	434M	444M	482M	554M	597M
Current Income Taxes Payable	71M	42M	179M	198M	235M
Unearned Revenue Current, Total	9.21B	8.84B	11.03B	11.71B	17.22B
Other Current Liabilities	5.36B	4.74B	5.31B	7.04B	6.47B
Total Current Liabilities	22.82B	22.74B	25.31B	28.4B	35B
Long-Term Debt	6.51B	5.29B	5.75B	6.75B	6.92B
Long-Term Leases	2.14B	2.1B	2.06B	2.24B	2.08B
Pension & Other Post Retirement Benefits	6.01B	6.44B	5.92B	1.3B	1.87B
Deferred Tax Liability Non Current	40M	56M	137M	1.14B	1.43B
Other Non Current Liabilities	1.52B	2.3B	2.61B	2.66B	3.1B
Total Liabilities	39.05B	38.92B	41.79B	42.49B	50.4B
Common Stock, Total	2.17B	2.17B	2.17B	2.17B	2.17B
Additional Paid In Capital	6.1B	6.1B	6.1B	6.1B	6.1B
Retained Earnings	11.83B	12.72B	14.33B	19.84B	22.16B
Comprehensive Income and Other	434M	474M	370M	1.37B	1.6B
Total Common Equity	20.54B	21.47B	22.98B	29.49B	32.04B
Minority Interest	274M	178M	273M	390M	327M
Total Equity	20.81B	21.64B	23.25B	29.88B	32.36B
Total Liabilities And Equity	59.86B	60.57B	65.04B	72.36B	82.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	532M	529M	527M	530M	533M
ECS Total Common Shares Outstanding	532M	529M	527M	530M	533M
Book Value / Share	38.62	40.58	43.58	55.64	60.1
Tangible Book Value	14.65B	15.64B	16.85B	23.2B	25.2B
Tangible Book Value Per Share	27.55	29.58	31.97	43.77	47.28
Total Debt	10.49B	10.1B	9.76B	10.01B	10.06B
Net Debt	3.01B	-281M	-2.11B	-3.27B	-3.65B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.72B	5.07B	4.77B	995M	1.46B
Debt Equivalent Oper. Leases	536M	480M	368M	336M	248M
Minority Interest, Total (Incl. Fin. Div)	274M	178M	273M	390M	327M
Equity Method Investments, Total	672M	496M	404M	343M	253M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	4.66B	5B	5.97B	7.28B	9.63B
Inventories - Work In Process, Total	4.72B	4.33B	4.4B	5.51B	6.13B
Inventories - Finished Goods, Total	1.09B	920M	1.23B	1.41B	1.03B
Machinery, Total	8.55B	8.96B	9.69B	10.82B	11.4B
Full Time Employees	16.33K	17.51K	17.6K	18.5K	20.93K
Part Time Employees	-	564	552	501	545
Accumulated Allowance for Doubtful Accounts (Supple)	39M	103M	77M	80M	64M
Order Backlog	93.29B	99.82B	105B	128B	153B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.98B	1.07B	1.93B	2.2B	3.38B
Depreciation & Amortization - CF	1.11B	1.17B	1.24B	1.42B	1.51B
Amortization of Goodwill and Intangible Assets - (CF)	119M	116M	151M	158M	164M
Depreciation & Amortization, Total	1.23B	1.28B	1.39B	1.57B	1.67B
Amortization of Deferred Charges, Total - (CF)	142M	233M	550M	554M	594M
(Gain) Loss From Sale Of Asset	-	-	-	-	-328M
(Gain) Loss on Sale of Investments - (CF)	-8M	-1.1B	-	-	-
Asset Writedown & Restructuring Costs	-	59M	-	-60M	-129M
(Income) Loss On Equity Investments - (CF)	25M	243M	100M	141M	721M
Other Operating Activities, Total	983M	1.27B	1.82B	1.18B	638M
Change In Accounts Receivable	-1.65B	1.7B	2.93B	-153M	2.92B
Change In Inventories	-1.14B	95M	-1.32B	-2.55B	-2.69B
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-367M	937M	-1.68B	1.77B	-310M
Cash from Operations	1.19B	5.8B	5.71B	4.65B	6.46B
Capital Expenditure	-1.21B	-1.27B	-1.22B	-1.62B	-2.51B
Sale of Property, Plant, and Equipment	32M	23M	26M	117M	4M
Cash Acquisitions	-	-4M	-21M	-	-262M
Divestitures	-	169M	19M	42M	382M
Sale (Purchase) of Intangible assets	-1.59B	-1.62B	-1.3B	-686M	-1.03B
Investment in Marketable and Equity Securities, Total	3.08B	-1.3B	-2.21B	-287M	-2.5B
Cash from Investing	314M	-4B	-4.7B	-2.44B	-5.92B
Long-Term Debt Issued, Total	8M	2.73B	2.25B	1.39B	1.25B
Total Debt Issued	8M	2.73B	2.25B	1.39B	1.25B
Long-Term Debt Repaid, Total	-1.4B	-3.51B	-3.01B	-1.91B	-1.66B
Total Debt Repaid	-1.4B	-3.51B	-3.01B	-1.91B	-1.66B
Issuance of Common Stock	11M	-	-	-	-
Repurchase of Common Stock	-301M	-242M	-246M	-	-
Common Dividends Paid	-601M	-	-622M	-647M	-703M
Common & Preferred Stock Dividends Paid	-601M	-	-622M	-647M	-703M
Other Financing Activities, Total	-16M	-97M	-12M	-15M	-116M
Cash from Financing	-2.3B	-1.12B	-1.64B	-1.18B	-1.23B
Foreign Exchange Rate Adjustments	32M	-87M	57M	130M	-57M
Net Change in Cash	-764M	586M	-572M	1.17B	-740M
Supplemental Items
Cash Interest Paid	265M	258M	243M	294M	437M
Cash Income Tax Paid (Refund)	408M	144M	373M	596M	856M
Levered Free Cash Flow	-2.94B	1.59B	2.76B	1.43B	1.15B
Unlevered Free Cash Flow	-2.76B	1.77B	2.94B	1.62B	1.47B
Change In Net Working Capital	3.3B	-2.31B	-1.47B	551M	511M
Net Debt Issued / Repaid	-1.4B	-786M	-759M	-516M	-411M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3	1.01	2.88	2.92	3.61
Return on Total Capital	5.77	1.93	5.58	5.5	6.81
Return On Equity %	10.01	5.14	9.02	8.59	11.06
Return on Common Equity	9.93	5.11	8.67	8.37	10.99
Margin Analysis
Gross Profit Margin %	22.68	17.28	20.96	21.15	21.82
SG&A Margin	11.82	10.78	9.58	9.4	9.21
EBITDA Margin %	10.04	5.06	9.69	10.12	10.77
EBITA Margin %	8.19	3.07	7.77	8.01	9
EBIT Margin %	7.85	2.75	7.39	7.63	8.68
Income From Continuing Operations Margin %	5.72	3.08	5.17	5.43	6.67
Net Income Margin %	5.6	3.03	4.92	5.23	6.55
Net Avail. For Common Margin %	5.6	3.03	4.92	5.23	6.55
Normalized Net Income Margin	4.29	1.15	3.85	3.83	4.64
Levered Free Cash Flow Margin	-8.29	4.49	7.04	3.4	2.22
Unlevered Free Cash Flow Margin	-7.78	4.99	7.51	3.85	2.86
Asset Turnover
Asset Turnover	0.61	0.59	0.62	0.61	0.67
Fixed Assets Turnover	4.54	3.8	4.01	3.99	4.39
Receivables Turnover (Average Receivables)	2.13	2.23	2.66	2.67	2.87
Inventory Turnover (Average Inventory)	2.77	2.83	2.83	2.57	2.6
Short Term Liquidity
Current Ratio	1.69	1.68	1.64	1.67	1.57
Quick Ratio	1.14	1.11	1.11	1.07	0.99
Operating Cash Flow to Current Liabilities	0.05	0.26	0.23	0.16	0.18
Days Sales Outstanding (Average Receivables)	171.52	164.14	137.26	136.64	127.12
Days Outstanding Inventory (Average Inventory)	131.56	129.42	128.91	142.19	140.13
Average Days Payable Outstanding	47.72	42.16	38.65	42.98	46.6
Cash Conversion Cycle (Average Days)	255.37	251.4	227.52	235.84	220.65
Long Term Solvency
Total Debt/Equity	50.43	46.65	42	33.51	31.09
Total Debt / Total Capital	33.52	31.81	29.58	25.1	23.72
LT Debt/Equity	41.57	34.12	33.61	30.09	27.79
Long-Term Debt / Total Capital