Cash flow Siemens AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Real-time Estimate Tradegate Other stock markets 04:42:17 2025-01-13 am EST			5-day change	1st Jan Change
191.65 ^EUR	-1.47%		-0.99%	+1.38%

09:02am	Ukraine is getting a large-scale battery storage system to stabilize the energy system	RE
Jan. 10	SIEMENS AG : RBC reiterates its Buy rating	ZD

2277e3961cc331f1520.Ei-2HYt3o4OPiROI8X0TxXGlaWwnICLgorAXyHsJ8eY.R0SbavsR0Nbe_yfunBJcgzPsPyZ_UFS0_YEngzNrmKJWR4dN7gPosvu_eA

Published financial data: SIEMENS AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	56.42B	61.57B	71.32B	77.33B	75.54B
Finance Div. Revenues	716M	697M	662M	442M	390M
Total Revenues	57.14B	62.26B	71.98B	77.77B	75.93B
Cost of Goods Sold, Total	36.95B	39.53B	46.13B	48.12B	46.11B
Gross Profit	20.19B	22.74B	25.85B	29.65B	29.82B
Selling General & Admin Expenses, Total	10.77B	11.19B	12.86B	13.94B	13.98B
R&D Expenses	4.6B	4.86B	5.59B	6.18B	6.28B
Other Operating Expenses	257M	268M	123M	286M	-96M
Other Operating Expenses, Total	15.63B	16.32B	18.57B	20.41B	20.16B
Operating Income	4.55B	6.42B	7.28B	9.24B	9.66B
Interest Expense, Total	-724M	-887M	-1.92B	-1.3B	-1.78B
Interest And Investment Income	1.55B	1.48B	1.63B	2.41B	2.83B
Net Interest Expenses	823M	596M	-293M	1.11B	1.05B
Income (Loss) On Equity Invest.	-596M	-478M	-2.08B	906M	827M
Other Non Operating Income (Expenses)	406M	375M	247M	-462M	-156M
EBT, Excl. Unusual Items	5.19B	6.92B	5.14B	10.79B	11.38B
Gain (Loss) On Sale Of Investments	-	509M	-	-	-
Gain (Loss) On Sale Of Assets	485M	73M	2.01B	406M	-66M
Other Unusual Items	-	-	-	-	-85M
EBT, Incl. Unusual Items	5.67B	7.5B	7.15B	11.2B	11.23B
Income Tax Expense	1.38B	1.86B	2.74B	2.69B	2.32B
Earnings From Continuing Operations	4.29B	5.64B	4.41B	8.51B	8.91B
Earnings Of Discontinued Operations	-90M	1.06B	-21M	15M	85M
Net Income to Company	4.2B	6.7B	4.39B	8.53B	8.99B
Minority Interest	-170M	-537M	-669M	-579M	-691M
Net Income - (IS)	4.03B	6.16B	3.72B	7.95B	8.3B
Net Income to Common Incl Extra Items	4.03B	6.16B	3.72B	7.95B	8.3B
Net Income to Common Excl. Extra Items	4.12B	5.1B	3.74B	7.93B	8.22B
Per Share Items
Net EPS - Basic	5	7.68	4.65	10.04	10.53
Basic EPS - Continuing Operations	5.11	6.36	4.67	10.02	10.42
Basic Weighted Average Shares Outstanding	806M	802M	801M	792M	789M
Net EPS - Diluted	4.93	7.59	4.59	9.91	10.38
Diluted EPS - Continuing Operations	5.04	6.28	4.62	9.9	10.28
Diluted Weighted Average Shares Outstanding	817M	811M	810M	801M	799M
Normalized Basic EPS	3.81	4.72	3.18	7.79	8.14
Normalized Diluted EPS	3.76	4.66	3.15	7.7	8.04
Dividend Per Share	3.5	4	4.25	4.7	5.2
Payout Ratio	78.76	45.51	86.36	42.29	44.68
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	7B	8.56B	9.88B	11.9B	11.89B
EBITA	5.31B	7.22B	8.33B	10.4B	10.48B
EBIT	4.55B	6.42B	7.28B	9.24B	9.66B
EBITDAR	7.1B	8.63B	9.96B	12B	11.98B
Effective Tax Rate - (Ratio)	24.37	24.82	38.31	23.99	20.66
Total Current Taxes	1.6B	1.65B	3.16B	3.25B	2.65B
Total Deferred Taxes	-219M	211M	-422M	-563M	-332M
Normalized Net Income	3.07B	3.78B	2.55B	6.17B	6.42B
Interest on Long-Term Debt	-	43M	48M	71M	95M
Non-Cash Pension Expense	63M	55M	34M	88M	56M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	4.8B	5.07B	5.79B	6.35B	6.44B
Net Rental Expense, Total	96M	71M	78M	91M	87M
Imputed Operating Lease Interest Expense	13.73M	10.8M	24.18M	19.45M	26.29M
Imputed Operating Lease Depreciation	82.27M	60.2M	53.82M	71.55M	60.71M
Stock-Based Comp., Other (Total)	272M	302M	365M	462M	524M
Total Stock-Based Compensation	272M	302M	365M	462M	524M

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	14.04B	9.54B	10.46B	10.08B	9.16B
Short Term Investments	1.26B	1.13B	1.24B	1.05B	-
Trading Asset Securities, Total	-	-	-	-	1.06B
Total Cash And Short Term Investments	15.3B	10.68B	11.7B	11.13B	10.22B
Accounts Receivable, Total	19.62B	22.21B	24.26B	24.99B	24.95B
Other Receivables	1.52B	1.8B	2.24B	2.43B	1.77B
Notes Receivable	4.9B	5.08B	6.22B	7.59B	7.96B
Total Receivables	26.05B	29.09B	32.72B	35B	34.68B
Inventory	7.8B	8.84B	10.63B	11.55B	10.92B
Prepaid Expenses	-	-	509M	543M	-
Other Current Assets, Total	3.83B	3.74B	3.27B	2.41B	5.54B
Total Current Assets	52.97B	52.34B	58.83B	60.64B	61.35B
Gross Property Plant And Equipment	23.35B	24.5B	26.78B	27.11B	26.92B
Accumulated Depreciation	-13.19B	-13.58B	-15.18B	-15.33B	-14.85B
Net Property Plant And Equipment	10.15B	10.93B	11.6B	11.78B	12.08B
Long-term Investments	9.53B	9.1B	6.42B	4.37B	6.89B
Goodwill	20.45B	29.73B	33.86B	32.22B	31.38B
Other Intangibles, Total	4.84B	10.96B	12.2B	10.64B	9.59B
Accounts Receivable Long-Term	4.24B	4.7B	4.28B	4.61B	4.82B
Loans Receivable Long-Term	14.19B	14.45B	16.55B	14.92B	14.56B
Deferred Tax Assets Long-Term	2.99B	2.86B	2.46B	2.23B	2.68B
Other Long-Term Assets, Total	4.53B	4.54B	5.3B	3.66B	4.46B
Total Assets	124B	140B	152B	145B	148B
Liabilities
Accounts Payable, Total	7.87B	8.83B	10.32B	10.13B	8.84B
Accrued Expenses, Total	4.3B	5.38B	5.13B	6.79B	6.56B
Current Portion of Long-Term Debt	5.88B	7.12B	5.96B	6.79B	5.87B
Current Portion of Leases	683M	701M	703M	693M	725M
Current Income Taxes Payable	2.28B	1.81B	2.38B	2.57B	1.8B
Unearned Revenue Current, Total	7.63B	9.95B	12.13B	12.68B	12.99B
Other Current Liabilities	5.46B	6.16B	6.08B	5.26B	7.11B
Total Current Liabilities	34.12B	39.95B	42.69B	44.9B	43.91B
Long-Term Debt	35.86B	38.65B	41.68B	36.88B	38.98B
Long-Term Leases	2.15B	2.23B	2.3B	2.23B	2.34B
Pension & Other Post Retirement Benefits	6.36B	2.84B	2.28B	1.43B	912M
Deferred Tax Liability Non Current	664M	2.34B	2.38B	1.66B	1.48B
Other Non Current Liabilities	4.93B	4.33B	5.38B	4.91B	3.95B
Total Liabilities	84.07B	90.33B	96.7B	92.01B	91.58B
Common Stock, Total	2.55B	2.55B	2.55B	2.4B	2.4B
Retained Earnings	33.08B	39.61B	38.96B	36.87B	39.66B
Treasury Stock	-4.63B	-4.8B	-5.95B	-1.18B	-2.16B
Comprehensive Income and Other	5.39B	7.02B	13.33B	9.69B	11.37B
Total Common Equity	36.39B	44.37B	48.9B	47.79B	51.26B
Minority Interest	3.43B	4.9B	5.91B	5.27B	4.97B
Total Equity	39.82B	49.27B	54.8B	53.06B	56.23B
Total Liabilities And Equity	124B	140B	152B	145B	148B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	799M	802M	793M	790M	785M
ECS Total Common Shares Outstanding	799M	802M	793M	790M	785M
Book Value / Share	45.53	55.3	61.69	60.5	65.32
Tangible Book Value	11.1B	3.68B	2.84B	4.93B	10.29B
Tangible Book Value Per Share	13.89	4.59	3.58	6.24	13.11
Total Debt	44.57B	48.7B	50.64B	46.6B	47.92B
Net Debt	29.27B	38.02B	38.93B	35.46B	37.7B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.81B	2B	1.33B	555M	-392M
Debt Equivalent Oper. Leases	768M	568M	624M	728M	696M
Minority Interest, Total (Incl. Fin. Div)	3.43B	4.9B	5.91B	5.27B	4.97B
Equity Method Investments, Total	7.86B	7.54B	4.96B	3.01B	980M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.8B	1.97B	3.2B	3.52B	3.33B
Inventories - Work In Process, Total	3.04B	3.42B	3.63B	4.03B	3.86B
Inventories - Finished Goods, Total	2.36B	2.82B	3.42B	3.72B	3.46B
Inventories - Others	600M	616M	379M	287M	272M
Land - (BS)	8.66B	9.45B	10.61B	10.89B	11.08B
Machinery, Total	10.37B	10.23B	10.93B	11.23B	10.76B
Full Time Employees	293K	303K	311K	320K	327K
Assets on Operating Lease - Gross	3.68B	3.86B	4.02B	3.86B	3.76B
Assets on Operating Lease - Accumulated Depreciation	-1.83B	-1.98B	-2.19B	-2.09B	-1.98B
Order Backlog	70B	85B	102B	111B	113B

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	4.03B	6.16B	3.72B	7.95B	8.3B
Depreciation & Amortization - CF	2.2B	2.07B	2.3B	2.28B	2.18B
Amortization of Goodwill and Intangible Assets - (CF)	758M	796M	1.06B	1.15B	816M
Depreciation & Amortization, Total	2.96B	2.87B	3.36B	3.43B	3B
Amortization of Deferred Charges, Total - (CF)	195M	208M	199M	168M	159M
(Gain) Loss From Sale Of Asset	-642M	-243M	432M	-979M	-918M
Asset Writedown & Restructuring Costs	-	-	-	8M	-
Net Cash From Discontinued Operations	684M	-113M	-81M	-41M	-149M
Other Operating Activities, Total	1.28B	363M	5.05B	1.13B	1.6B
Change In Accounts Receivable	-487M	-2.16B	-1.4B	-2.08B	-1.42B
Change In Inventories	-425M	-444M	-1.46B	-1.34B	-81M
Change In Accounts Payable	143M	1.29B	1.35B	190M	-458M
Change in Unearned Revenues	433M	1.13B	2.05B	1.07B	1.16B
Change in Other Net Operating Assets	692M	940M	-2.98B	2.74B	465M
Cash from Operations	8.86B	10B	10.24B	12.24B	11.66B
Capital Expenditure	-1.55B	-1.73B	-2.08B	-2.22B	-2.09B
Sale of Property, Plant, and Equipment	47M	98M	276M	237M	237M
Cash Acquisitions	-1.73B	-14.39B	-2.21B	-407M	-413M
Divestitures	218M	2M	2.08B	368M	60M
Investment in Marketable and Equity Securities, Total	-95M	-538M	569M	23M	216M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-994M	-631M	-1.1B	-1.46B	-1.15B
Other Investing Activities, Total	-1.08B	1.7B	-22M	282M	-144M
Cash from Investing	-5.18B	-15.49B	-2.49B	-3.18B	-3.28B
Short Term Debt Issued, Total	1.59B	-	455M	300M	-
Long-Term Debt Issued, Total	10.26B	8.32B	4.97B	2.47B	6.69B
Total Debt Issued	11.84B	8.32B	5.42B	2.77B	6.69B
Short Term Debt Repaid, Total	-	-952M	-	-	-179M
Long-Term Debt Repaid, Total	-4.47B	-4.29B	-6.66B	-5.25B	-6.04B
Total Debt Repaid	-4.47B	-5.25B	-6.66B	-5.25B	-6.22B
Issuance of Common Stock	2.62B	2.06B	-	-	-
Repurchase of Common Stock	-1.52B	-547M	-1.56B	-884M	-1.62B
Common Dividends Paid	-3.17B	-2.8B	-3.22B	-3.36B	-3.71B
Common & Preferred Stock Dividends Paid	-3.17B	-2.8B	-3.22B	-3.36B	-3.71B
Other Financing Activities, Total	-2.13B	-989M	-1.48B	-2B	-4.01B
Cash from Financing	3.17B	785M	-7.5B	-8.73B	-8.88B
Foreign Exchange Rate Adjustments	-525M	204M	679M	-721M	-220M
Miscellaneous Cash Flow Adjustments	-4.66B	-	-	1M	1M
Net Change in Cash	1.66B	-4.51B	927M	-388M	-716M
Supplemental Items
Cash Interest Paid	833M	704M	824M	1.21B	1.46B
Cash Income Tax Paid (Refund)	1.65B	2.32B	2.17B	2.9B	3.46B
Levered Free Cash Flow	6.11B	5.69B	3.53B	5.82B	4.77B
Unlevered Free Cash Flow	6.56B	6.24B	4.73B	6.63B	5.89B
Change In Net Working Capital	-1.84B	-584M	1.66B	993M	1.74B
Net Debt Issued / Repaid	7.37B	3.07B	-1.24B	-2.48B	464M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.08	3.05	3.13	3.9	4.12
Return on Total Capital	3.31	4.4	4.48	5.63	5.92
Return On Equity %	9.45	12.65	8.5	15.78	16.3
Return on Common Equity	9.75	12.63	8.05	16.41	16.59
Margin Analysis
Gross Profit Margin %	35.33	36.52	35.91	38.13	39.28
SG&A Margin	18.86	17.97	17.86	17.93	18.42
EBITDA Margin %	12.26	13.75	13.72	15.31	15.66
EBITA Margin %	9.3	11.59	11.58	13.37	13.8
EBIT Margin %	7.97	10.31	10.11	11.89	12.72
Income From Continuing Operations Margin %	7.51	9.05	6.13	10.95	11.73
Net Income Margin %	7.05	9.89	5.17	10.22	10.93
Net Avail. For Common Margin %	7.21	8.19	5.2	10.2	10.82
Normalized Net Income Margin	5.38	6.08	3.54	7.93	8.46
Levered Free Cash Flow Margin	10.69	9.14	4.91	7.48	6.28
Unlevered Free Cash Flow Margin	11.48	10.03	6.58	8.52	7.75
Asset Turnover
Asset Turnover	0.42	0.47	0.49	0.52	0.52
Fixed Assets Turnover	5.14	5.91	6.39	6.65	6.37
Receivables Turnover (Average Receivables)	2.31	2.94	3.07	3.14	3.03
Inventory Turnover (Average Inventory)	3.27	4.75	4.74	4.34	4.1
Short Term Liquidity
Current Ratio	1.55	1.31	1.38	1.35	1.4
Quick Ratio	1.07	0.87	0.9	0.86	0.84
Operating Cash Flow to Current Liabilities	0.26	0.25	0.24	0.27	0.27
Days Sales Outstanding (Average Receivables)	158.35	123.98	118.8	116.23	120.97
Days Outstanding Inventory (Average Inventory)	111.93	76.79	77	84.1	89.19
Average Days Payable Outstanding	117.85	75.15	72.93	76.1	76.34
Cash Conversion Cycle (Average Days)	152.42	125.62	122.87	124.23	133.82
Long Term Solvency
Total Debt/Equity	111.91	98.84	92.39	87.82	85.22
Total Debt / Total Capital	52.81	49.71	48.02	46.76	46.01
LT Debt/Equity	95.43	82.96