Income Statement Starbreeze AB

Equities

STAR B

SE0005992831

Software

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-09-20 pm EDT			5-day change	1st Jan Change
0.2638 ^SEK	+0.61%		+4.68%	-43.63%

Aug. 20	Starbreeze AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Jul. 02	Starbreeze AB Provides Update on Operation Medic Bag	CI

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Published financial data: STARBREEZE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	280M	118M	126M	128M	634M
Other Revenues, Total	-	-	-	-	-
Total Revenues	280M	118M	126M	128M	634M
Cost of Goods Sold, Total	341M	31.07M	56.3M	60.53M	309M
Gross Profit	-61.21M	86.93M	69.39M	67.08M	324M
Selling General & Admin Expenses, Total	122M	77.89M	64.1M	79.87M	126M
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-19.22M	-1.1M	-3.12M	-15.4M	-13.71M
Other Operating Expenses, Total	102M	76.79M	60.99M	64.47M	113M
Operating Income	-164M	10.14M	8.4M	2.61M	212M
Interest Expense, Total	-30.87M	-48.96M	-51.58M	-59.25M	-359K
Interest And Investment Income	-	-	-	-	3.1M
Net Interest Expenses	-30.87M	-48.96M	-51.58M	-59.25M	2.74M
Income (Loss) On Equity Invest.	-1.46M	-2.11M	50K	168K	-64K
Currency Exchange Gains (Loss)	-	-5.62M	6.55M	4.14M	-21.41M
Other Non Operating Income (Expenses)	167K	658K	25K	-2.07M	14.68M
EBT, Excl. Unusual Items	-196M	-45.89M	-36.55M	-54.4M	208M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-30.6M	6.36M	-68.67M	-	-
Asset Writedown	-320M	-	-	-	-
Other Unusual Items	94.29M	-90.93M	-	-	-
EBT, Incl. Unusual Items	-452M	-130M	-105M	-54.4M	208M
Income Tax Expense	-51.32M	-193K	-1.76M	5.4M	24K
Earnings From Continuing Operations	-401M	-130M	-103M	-59.81M	208M
Net Income to Company	-401M	-130M	-103M	-59.81M	208M
Minority Interest	-150K	-	-	-	-
Net Income - (IS)	-401M	-130M	-103M	-59.81M	208M
Net Income to Common Incl Extra Items	-401M	-130M	-103M	-59.81M	208M
Net Income to Common Excl. Extra Items	-401M	-130M	-103M	-59.81M	208M
Per Share Items
Net EPS - Basic	-1.22	-0.28	-0.14	-0.08	0.19
Basic EPS - Continuing Operations	-1.22	-0.28	-0.14	-0.08	0.19
Basic Weighted Average Shares Outstanding	328M	470M	725M	725M	1.1B
Net EPS - Diluted	-1.22	-0.28	-0.14	-0.08	0.19
Diluted EPS - Continuing Operations	-1.22	-0.28	-0.14	-0.08	0.19
Diluted Weighted Average Shares Outstanding	328M	470M	725M	725M	1.1B
Normalized Basic EPS	-0.37	-0.06	-0.03	-0.05	0.12
Normalized Diluted EPS	-0.37	-0.06	-0.03	-0.05	0.12
Supplemental Items
EBITDA	-130M	32.02M	14.02M	4M	213M
EBITA	-160M	10.22M	8.4M	2.61M	212M
EBIT	-164M	10.14M	8.4M	2.61M	212M
EBITDAR	-101M	41.16M	15.44M	10.69M	221M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	11.34	0.15	1.67	-9.94	0.01
Total Current Taxes	64K	1.42M	3.87M	1.3M	34K
Total Deferred Taxes	-51.39M	-1.61M	-5.63M	4.1M	-10K
Normalized Net Income	-123M	-28.68M	-22.85M	-34M	130M
Interest on Long-Term Debt	19.96M	24.28M	29.1M	33.6M	359K
Supplemental Operating Expense Items
Selling and Marketing Expenses	12.05M	8.46M	12.95M	15.8M	46.82M
General and Administrative Expenses	110M	69.43M	51.16M	64.07M	79.41M
Research And Development Expense From Footnotes	186M	4.47M	10.58M	16.5M	189M
Net Rental Expense, Total	29.38M	9.14M	1.42M	6.69M	8.42M
Imputed Operating Lease Interest Expense	18.71M	9.18M	1.41M	6.17M	81.39K
Imputed Operating Lease Depreciation	10.67M	-39.87K	12.71K	518K	8.34M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	27K	-	-	-	-
Total Stock-Based Compensation	27K	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	82.79M	157M	129M	108M	348M
Total Cash And Short Term Investments	82.79M	157M	129M	108M	348M
Accounts Receivable, Total	12.27M	3.49M	14.31M	1.19M	153M
Other Receivables	34.65M	37.94M	32.75M	10.43M	73.28M
Total Receivables	46.92M	41.42M	47.07M	11.62M	226M
Inventory	-	-	-	-	-
Prepaid Expenses	-	-	-	40.64M	-
Other Current Assets, Total	1.08M	-	-	-	-
Total Current Assets	131M	199M	176M	160M	574M
Gross Property Plant And Equipment	252M	236M	200M	153M	142M
Accumulated Depreciation	-176M	-180M	-164M	-130M	-132M
Net Property Plant And Equipment	76.61M	55.57M	36.01M	22.52M	10.59M
Long-term Investments	3.2M	3.1M	3.17M	3.52M	4.49M
Goodwill	43.6M	38.83M	42.44M	48.34M	46.67M
Other Intangibles, Total	240M	229M	200M	174M	153M
Accounts Receivable Long-Term	5.72M	2.61M	1.18M	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	161K	4.28M	-	-
Deferred Charges Long-Term	85.57M	175M	206M	332M	319M
Other Long-Term Assets, Total	6.26M	5.66M	5.98M	5.08M	4M
Total Assets	592M	709M	674M	746M	1.11B
Liabilities
Accounts Payable, Total	47.01M	9.51M	6.75M	15.82M	37.12M
Accrued Expenses, Total	45.42M	31.46M	36.7M	45.44M	116M
Short-term Borrowings	-	-	1.13M	524K	-
Current Portion of Long-Term Debt	229M	44.89M	-	177M	10.13M
Current Portion of Leases	19.18M	19.14M	17.81M	16.19M	6.53M
Current Income Taxes Payable	15M	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	46.08M	45.36M	46.2M	48.25M	44.96M
Total Current Liabilities	402M	150M	109M	303M	215M
Long-Term Debt	94.32M	281M	411M	378M	-
Long-Term Leases	55.27M	37.15M	21M	5.43M	158K
Deferred Tax Liability Non Current	7.85M	-	-	1.38M	1.34M
Other Non Current Liabilities	26.75M	11.62M	11.21M	1.63M	489K
Total Liabilities	586M	480M	551M	690M	217M
Common Stock, Total	6.59M	14.49M	14.49M	14.49M	29.54M
Additional Paid In Capital	1.71B	1.98B	1.98B	1.98B	2.59B
Retained Earnings	-1.73B	-1.79B	-1.89B	-1.95B	-1.74B
Comprehensive Income and Other	21.4M	21.65M	19.43M	13.21M	14.15M
Total Common Equity	6.16M	228M	123M	56.79M	895M
Minority Interest	-	-	-	-	-
Total Equity	6.16M	228M	123M	56.79M	895M
Total Liabilities And Equity	592M	709M	674M	746M	1.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	329M	725M	725M	725M	1.48B
ECS Total Common Shares Outstanding	329M	725M	725M	725M	1.48B
Book Value / Share	0.02	0.32	0.17	0.08	0.61
Tangible Book Value	-278M	-38.84M	-120M	-166M	695M
Tangible Book Value Per Share	-0.84	-0.05	-0.16	-0.23	0.47
Total Debt	398M	382M	450M	577M	16.82M
Net Debt	315M	225M	322M	469M	-331M
Debt Equivalent Oper. Leases	235M	73.15M	11.39M	53.51M	67.38M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	3.2M	1.08M	1.13M	1.3M	1.24M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	189M	187M	166M	132M	136M
Full Time Employees	127	124	138	165	194
Accumulated Allowance for Doubtful Accounts (Supple)	-	7.59M	8.01M	8.95M	12.09M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-401M	-130M	-103M	-59.81M	208M
Depreciation & Amortization - CF	47.03M	36.64M	20.53M	15.55M	15.43M
Amortization of Goodwill and Intangible Assets - (CF)	3.47M	82K	-	-	1K
Depreciation & Amortization, Total	50.5M	36.72M	20.53M	15.55M	15.43M
Amortization of Deferred Charges, Total - (CF)	29.55M	16.54M	39.46M	44.08M	227M
(Gain) Loss From Sale Of Asset	30.6M	-51K	68.7M	-4K	-16K
(Gain) Loss on Sale of Investments - (CF)	-	-	-1.26M	-	-
Asset Writedown & Restructuring Costs	325M	-	-	-	6.69M
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	34.95M	125M	37.36M	65.6M	-267M
Change In Accounts Receivable	32.54M	66.85M	7.3M	-15.92M	-164M
Change in Other Net Operating Assets	-56.26M	-139M	5.24M	8.33M	89.02M
Cash from Operations	45.38M	-24.64M	73.87M	57.82M	115M
Capital Expenditure	-2.09M	-944K	-993K	-1.27M	-3.51M
Sale of Property, Plant, and Equipment	-	-	70K	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	67.2M	-472K	-	-	-
Sale (Purchase) of Intangible assets	-100M	-94.85M	-109M	-145M	-199M
Investment in Marketable and Equity Securities, Total	-1.07M	-	1.39M	2.22M	-
Other Investing Activities, Total	217K	51K	-	-	-
Cash from Investing	-36.24M	-96.22M	-109M	-144M	-202M
Short Term Debt Issued, Total	-	-	1.12M	-	-
Long-Term Debt Issued, Total	4.13M	-	-	-	-
Total Debt Issued	4.13M	-	1.12M	-	-
Short Term Debt Repaid, Total	-	-	-	-860K	-
Long-Term Debt Repaid, Total	-	-75.4M	-74.94M	-19.74M	-165M
Total Debt Repaid	-	-75.4M	-74.94M	-20.6M	-165M
Issuance of Common Stock	-	301M	-	-	453M
Other Financing Activities, Total	-	-30.27M	80M	86.15M	39.22M
Cash from Financing	4.13M	196M	6.17M	65.55M	327M
Foreign Exchange Rate Adjustments	229K	-108K	115K	234K	-106K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	13.5M	74.64M	-28.85M	-20.32M	240M
Supplemental Items
Cash Interest Paid	13.43M	385K	3.39M	-	-
Cash Income Tax Paid (Refund)	-	-	3.17M	1.27M	902K
Levered Free Cash Flow	-79.77M	-127M	-79.8M	-107M	86.72M
Unlevered Free Cash Flow	-60.48M	-96.78M	-47.57M	-70.23M	86.95M
Change In Net Working Capital	-64.32M	60.59M	2.33M	-14.66M	85.34M
Net Debt Issued / Repaid	4.13M	-75.4M	-73.83M	-20.6M	-165M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-12.19	0.97	0.76	0.23	14.24
Return on Total Capital	-18.25	1.25	0.89	0.27	17.13
Return On Equity %	-232.41	-111.04	-58.9	-66.6	43.65
Return on Common Equity	-233.82	-111.04	-58.9	-66.6	43.65
Margin Analysis
Gross Profit Margin %	-21.86	73.67	55.21	52.57	51.18
SG&A Margin	43.45	66.01	51	62.59	19.93
EBITDA Margin %	-46.44	27.13	11.15	3.14	33.61
EBITA Margin %	-57.21	8.66	6.68	2.04	33.42
EBIT Margin %	-58.45	8.6	6.68	2.04	33.42
Income From Continuing Operations Margin %	-143.25	-110.4	-82.32	-46.87	32.77
Net Income Margin %	-143.3	-110.4	-82.32	-46.87	32.77
Net Avail. For Common Margin %	-143.3	-110.4	-82.32	-46.87	32.77
Normalized Net Income Margin	-43.76	-24.31	-18.18	-26.65	20.49
Levered Free Cash Flow Margin	-28.49	-107.95	-63.49	-84.06	13.69
Unlevered Free Cash Flow Margin	-21.6	-82.02	-37.84	-55.04	13.72
Asset Turnover
Asset Turnover	0.33	0.18	0.18	0.18	0.68
Fixed Assets Turnover	4.08	1.79	2.74	4.36	38.26
Receivables Turnover (Average Receivables)	11.58	14.98	14.12	16.46	8.22
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.33	1.32	1.62	0.53	2.67
Quick Ratio	0.32	1.32	1.62	0.4	2.67
Operating Cash Flow to Current Liabilities	0.11	-0.16	0.68	0.19	0.53
Days Sales Outstanding (Average Receivables)	31.52	24.44	25.85	22.18	44.42
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	332.88	52.71	68.03	31.24
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	6.46K	167.29	366.79	1.02K	1.88
Total Debt / Total Capital