Income Statement Tadiran Group Ltd

Equities

TDRN

IL0002580129

Electrical Components & Equipment

Market Closed - TEL AVIV STOCK EXCHANGE Other stock markets 10:24:02 2024-09-05 am EDT			5-day change	1st Jan Change
21,150.00 ^ILa	+1.78%		+4.96%	-20.34%

Aug. 15	Tadiran Group Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
May. 23	Tadiran Group Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: TADIRAN GROUP LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	854M	990M	1.45B	2.28B	1.95B
Total Revenues	854M	990M	1.45B	2.28B	1.95B
Cost of Goods Sold, Total	631M	708M	1.09B	1.87B	1.63B
Gross Profit	223M	282M	355M	415M	321M
Selling General & Admin Expenses, Total	123M	129M	158M	181M	196M
R&D Expenses	7.94M	10.06M	13.65M	17.23M	14.8M
Other Operating Expenses	-	-	-3.19M	-2.26M	-3.31M
Other Operating Expenses, Total	131M	139M	168M	196M	207M
Operating Income	91.58M	143M	186M	220M	114M
Interest Expense, Total	-4.1M	-4.27M	-5.13M	-8.54M	-16.94M
Interest And Investment Income	63K	279K	247K	101K	1.05M
Net Interest Expenses	-4.04M	-3.99M	-4.88M	-8.44M	-15.89M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	656K	4.63M	-	-
Other Non Operating Income (Expenses)	-5.34M	-6.26M	-5.16M	-61.51M	-13.58M
EBT, Excl. Unusual Items	82.19M	133M	181M	150M	84.08M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-650K	-	-	-2.01M
Gain (Loss) On Sale Of Investments	1.47M	-1.47M	4.78M	-881K	6.17M
Gain (Loss) On Sale Of Assets	-109K	-	-105K	-203K	45.58M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-2.62M	-5M	1.6M
EBT, Incl. Unusual Items	83.55M	131M	183M	144M	135M
Income Tax Expense	13.03M	30.48M	41.38M	56.36M	39.21M
Earnings From Continuing Operations	70.52M	101M	141M	87.24M	96.21M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	70.52M	101M	141M	87.24M	96.21M
Minority Interest	-	-	-7.91M	-924K	-40K
Net Income - (IS)	70.52M	101M	134M	86.31M	96.17M
Net Income to Common Incl Extra Items	70.52M	101M	134M	86.31M	96.17M
Net Income to Common Excl. Extra Items	70.52M	101M	134M	86.31M	96.17M
Per Share Items
Net EPS - Basic	8.29	11.8	15.63	10.05	11.2
Basic EPS - Continuing Operations	8.29	11.8	15.63	10.05	11.2
Basic Weighted Average Shares Outstanding	8.51M	8.52M	8.55M	8.59M	8.59M
Net EPS - Diluted	8.24	11.73	15.63	10.05	11.2
Diluted EPS - Continuing Operations	8.24	11.73	15.63	10.05	11.2
Diluted Weighted Average Shares Outstanding	8.55M	8.57M	8.55M	8.59M	8.59M
Normalized Basic EPS	6.04	9.77	12.3	10.79	6.12
Normalized Diluted EPS	6.01	9.71	12.3	10.79	6.12
Dividend Per Share	4.14	8.62	7.8	5.03	5.6
Payout Ratio	46.81	44.44	62.15	85.04	30.05
Supplemental Items
EBITDA	101M	151M	201M	246M	144M
EBITA	95.44M	146M	195M	239M	138M
EBIT	91.58M	143M	186M	220M	114M
Effective Tax Rate - (Ratio)	15.6	23.26	22.63	39.25	28.95
Total Current Taxes	18.78M	30.95M	45.35M	60.78M	49.12M
Total Deferred Taxes	284K	510K	-2.79M	-4.52M	-9.53M
Normalized Net Income	51.37M	83.23M	105M	92.63M	52.51M
Interest on Long-Term Debt	3.01M	3.31M	3.75M	4.47M	2.72M
Supplemental Operating Expense Items
Advertising Expense	26.97M	22.19M	29.86M	29.17M	29.38M
Selling and Marketing Expenses	97.64M	102M	124M	134M	140M
General and Administrative Expenses	25.51M	27.32M	34.39M	46.85M	55.17M
Research And Development Expense From Footnotes	7.94M	10.06M	13.65M	17.23M	14.8M
Maintenance & Repair Expenses, Total	-	-	-	-	6.96M
Stock-Based Comp., Other (Total)	242K	511K	50K	1.53M	1.5M
Total Stock-Based Compensation	242K	511K	50K	1.53M	1.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	90.53M	330M	129M	121M	39.13M
Total Cash And Short Term Investments	90.53M	330M	129M	121M	39.13M
Accounts Receivable, Total	222M	196M	301M	396M	429M
Other Receivables	-	-	16.64M	23.55M	56.8M
Notes Receivable	69K	44K	113K	119K	96K
Total Receivables	222M	196M	318M	420M	486M
Inventory	146M	137M	276M	439M	317M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	12.67M	7.87M	17.26M	74.38M	53.14M
Total Current Assets	471M	671M	741M	1.05B	895M
Gross Property Plant And Equipment	115M	120M	147M	191M	241M
Accumulated Depreciation	-24.03M	-34.91M	-46.56M	-63.33M	-82.77M
Net Property Plant And Equipment	91.36M	85.19M	101M	128M	159M
Long-term Investments	1.47M	-	20.98M	21.8M	18.92M
Goodwill	3.2M	2.55M	36.65M	238M	258M
Other Intangibles, Total	12.89M	13.4M	38.84M	152M	138M
Accounts Receivable Long-Term	-	-	-	4.53M	3.66M
Loans Receivable Long-Term	1.13M	997K	752K	-	-
Deferred Tax Assets Long-Term	8.09M	9.44M	14.07M	15.77M	15.89M
Other Long-Term Assets, Total	21.31M	26.58M	25.14M	28.03M	28.41M
Total Assets	611M	809M	978M	1.64B	1.52B
Liabilities
Accounts Payable, Total	81M	105M	192M	262M	225M
Accrued Expenses, Total	14.59M	16.48M	20.92M	24.34M	26.59M
Short-term Borrowings	-	-	10.35M	192M	66.1M
Current Portion of Long-Term Debt	16.92M	34.06M	35.24M	35.84M	34.02M
Current Portion of Leases	7.94M	7.34M	9.38M	15.62M	13.09M
Current Income Taxes Payable	3.1M	5.57M	6.66M	23.3M	732K
Other Current Liabilities	71.79M	85.23M	94.94M	240M	161M
Total Current Liabilities	195M	254M	370M	793M	527M
Long-Term Debt	33.62M	119M	87.44M	137M	228M
Long-Term Leases	13.74M	9.2M	18.89M	29.18M	21.3M
Unearned Revenue Non Current	21.59M	22.38M	22.06M	23.55M	24.39M
Pension & Other Post Retirement Benefits	1.76M	1.9M	4.64M	3.68M	2.73M
Deferred Tax Liability Non Current	2.23M	4.09M	12.65M	39.87M	33.61M
Other Non Current Liabilities	311K	351K	467K	204M	169M
Total Liabilities	269M	410M	516M	1.23B	1.01B
Common Stock, Total	17.64M	17.65M	17.71M	17.71M	17.71M
Additional Paid In Capital	82.28M	82.54M	84.21M	84.21M	84.21M
Retained Earnings	223M	279M	330M	342M	410M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	19.03M	19.27M	17.58M	-31.77M	-1.5M
Total Common Equity	342M	398M	449M	413M	510M
Minority Interest	-	-	12.72M	-	40K
Total Equity	342M	398M	462M	413M	510M
Total Liabilities And Equity	611M	809M	978M	1.64B	1.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.51M	8.52M	8.59M	8.59M	8.59M
ECS Total Common Shares Outstanding	8.51M	8.52M	8.59M	8.59M	8.59M
Book Value / Share	38.13	44.7	50.27	46.03	57.39
Tangible Book Value	326M	383M	374M	22.2M	114M
Tangible Book Value Per Share	36.24	42.83	41.48	0.55	11.25
Total Debt	72.22M	169M	161M	409M	363M
Net Debt	-18.31M	-160M	31.84M	288M	324M
Minority Interest, Total (Incl. Fin. Div)	-	-	12.72M	-	40K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	30.52M	22.76M	46.95M	136M	41.9M
Inventories - Work In Process, Total	1.84M	1.41M	1.63M	1.75M	1.29M
Inventories - Finished Goods, Total	114M	113M	227M	301M	273M
Buildings, Total	60.74M	62.15M	62.87M	64.15M	64.88M
Machinery, Total	19.25M	22.06M	29.5M	39.96M	84.45M
Full Time Employees	404	393	510	567	635
Accumulated Allowance for Doubtful Accounts (Supple)	13.96M	16.47M	24.26M	25.23M	27.08M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	70.52M	101M	134M	86.31M	96.17M
Depreciation & Amortization - CF	12.69M	13.62M	16.14M	22.38M	23.2M
Amortization of Goodwill and Intangible Assets - (CF)	3.86M	3.1M	8.88M	19.08M	24.01M
Depreciation & Amortization, Total	16.55M	16.72M	25.02M	41.46M	47.21M
Amortization of Deferred Charges, Total - (CF)	1.51M	1.45M	2.44M	1.17M	1.61M
(Gain) Loss From Sale Of Asset	109K	-	102K	328K	-45.6M
(Gain) Loss on Sale of Investments - (CF)	-1.47M	1.47M	-4.77M	2.44M	4.15M
Asset Writedown & Restructuring Costs	-	650K	-	-	2.01M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	242K	511K	50K	1.53M	1.5M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	682K	3.8M	-2.41M	40.74M	-32.14M
Change In Accounts Receivable	-2.29M	25.5M	-49.98M	1.37M	-24.2M
Change In Inventories	21.79M	9.39M	-111M	-95.72M	128M
Change In Accounts Payable	8.2M	24.32M	48.13M	-18.07M	-47.55M
Change in Other Net Operating Assets	637K	17.61M	-13.06M	24.95M	-21.56M
Cash from Operations	116M	202M	27.66M	86.52M	109M
Capital Expenditure	-9.65M	-4.69M	-6.42M	-23.38M	-49.74M
Sale of Property, Plant, and Equipment	320K	-	147K	1.58M	-
Cash Acquisitions	-	-	-53.51M	-107M	401K
Divestitures	-	-	-	-	61.99M
Sale (Purchase) of Real Estate properties	-	-2.06M	-145K	-1.46M	-466K
Sale (Purchase) of Intangible assets	-1.9M	-5.06M	-2.63M	-2.29M	-6.95M
Investment in Marketable and Equity Securities, Total	-	-	-16.21M	-3.26M	-
Other Investing Activities, Total	-	-	-	-14.43M	-2.65M
Cash from Investing	-11.23M	-11.81M	-78.76M	-150M	2.59M
Short Term Debt Issued, Total	-	-	5M	187M	-
Long-Term Debt Issued, Total	-	119M	-	102M	126M
Total Debt Issued	-	119M	5M	288M	126M
Short Term Debt Repaid, Total	-	-	-2.94M	-5M	-129M
Long-Term Debt Repaid, Total	-24.18M	-25.36M	-44.81M	-85.3M	-57.48M
Total Debt Repaid	-24.18M	-25.36M	-47.75M	-90.3M	-187M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-33.01M	-44.7M	-83M	-73.4M	-28.9M
Common & Preferred Stock Dividends Paid	-33.01M	-44.7M	-83M	-73.4M	-28.9M
Other Financing Activities, Total	-	-	-23.22M	-76.13M	-109M
Cash from Financing	-57.19M	48.81M	-149M	48.36M	-199M
Foreign Exchange Rate Adjustments	-	-	-	6.85M	5.09M
Net Change in Cash	48.06M	239M	-200M	-8.63M	-81.71M
Supplemental Items
Cash Interest Paid	3.12M	2.27M	3.89M	8.77M	16.56M
Cash Income Tax Paid (Refund)	20.73M	-	54.6M	70.17M	74.87M
Levered Free Cash Flow	92.28M	177M	-35.74M	63.15M	-4.5M
Unlevered Free Cash Flow	94.85M	180M	-32.53M	68.48M	6.09M
Change In Net Working Capital	-30.86M	-81.42M	167M	87.28M	58.51M
Net Debt Issued / Repaid	-24.18M	93.51M	-42.75M	198M	-60.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	9.79	12.57	13.03	10.48	4.49
Return on Total Capital	14.57	18.17	19.54	19	8.38
Return On Equity %	21.82	27.16	32.89	19.95	20.85
Return on Common Equity	21.82	27.16	31.52	20.03	20.84
Margin Analysis
Gross Profit Margin %	26.08	28.48	24.5	18.21	16.4
SG&A Margin	14.43	13.03	10.91	7.92	10
EBITDA Margin %	11.78	15.29	13.9	10.79	7.39
EBITA Margin %	11.18	14.74	13.47	10.46	7.04
EBIT Margin %	10.73	14.43	12.86	9.63	5.81
Income From Continuing Operations Margin %	8.26	10.16	9.77	3.82	4.92
Net Income Margin %	8.26	10.16	9.22	3.78	4.92
Net Avail. For Common Margin %	8.26	10.16	9.22	3.78	4.92
Normalized Net Income Margin	6.02	8.41	7.26	4.06	2.69
Levered Free Cash Flow Margin	10.81	17.88	-2.47	2.77	-0.23
Unlevered Free Cash Flow Margin	11.11	18.15	-2.25	3	0.31
Asset Turnover
Asset Turnover	1.46	1.39	1.62	1.74	1.24
Fixed Assets Turnover	11.85	11.21	15.57	19.98	13.65
Receivables Turnover (Average Receivables)	3.83	4.74	5.82	6.54	4.74
Inventory Turnover (Average Inventory)	4.01	5	5.3	5.22