Cash flow TGS ASA

Equities

TGS

NO0003078800

Oil Related Services and Equipment

Market Closed - Oslo Bors Other stock markets 04:57:38 2024-12-11 pm EST			5-day change	1st Jan Change
111.40 ^NOK	+0.36%		+0.27%	-15.73%

Dec. 09	TGS ASA announced that it has received $4.217674 million in funding	CI
Dec. 06	Norway's TGS Secures 3D Streamer Contract	MT

2cc8d07d3367fe5716.ESWihRUuzVfAzsUmDbeFfjFW0l8DC3EwGXxuLTsSr_0.aWHhyEZI-BiMnf1KNNPRFlQ3ujF6ciRnYyYLTnBjmpF4fPqoZ0T5PKqrgA

Published financial data: TGS ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	586M	319M	519M	717M	794M
Total Revenues	586M	319M	519M	717M	794M
Cost of Goods Sold, Total	2.41M	5.41M	11.62M	37.53M	217M
Gross Profit	583M	314M	507M	679M	577M
Selling General & Admin Expenses, Total	86.34M	53.86M	54.87M	86.41M	131M
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	19.65M	15.46M	18.09M	33.56M	96.94M
Amortization of Goodwill and Intangible Assets - (IS)	259M	259M	174M	152M	163M
Other Operating Expenses	42.12M	39.87M	46.41M	53.84M	61.96M
Other Operating Expenses, Total	408M	368M	294M	326M	453M
Operating Income	176M	-54.33M	213M	353M	123M
Interest Expense, Total	-3.18M	-2.38M	-2.47M	-5.28M	-10.85M
Interest And Investment Income	6.75M	853K	1.6M	665K	7.89M
Net Interest Expenses	3.56M	-1.53M	-872K	-4.62M	-2.96M
Income (Loss) On Equity Invest.	-	-	-	1.25M	465K
Currency Exchange Gains (Loss)	-4.5M	5.35M	-8.92M	1.69M	4.26M
Other Non Operating Income (Expenses)	3.15M	-512K	-2.97M	-1.5M	-3.15M
EBT, Excl. Unusual Items	178M	-51.02M	201M	350M	122M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-46.62M	-210M	-286M	-221M	-70.22M
EBT, Incl. Unusual Items	131M	-261M	-85.09M	129M	51.88M
Income Tax Expense	18.1M	-72.32M	-9.1M	40.9M	30.23M
Earnings From Continuing Operations	113M	-189M	-75.98M	87.97M	21.65M
Net Income to Company	113M	-189M	-75.98M	87.97M	21.65M
Minority Interest	-	-	-	-171K	-
Net Income - (IS)	113M	-189M	-75.98M	87.8M	21.65M
Net Income to Common Incl Extra Items	113M	-189M	-75.98M	87.8M	21.65M
Net Income to Common Excl. Extra Items	113M	-189M	-75.98M	87.8M	21.65M
Per Share Items
Net EPS - Basic	1.05	-1.61	-0.65	0.75	0.17
Basic EPS - Continuing Operations	1.05	-1.61	-0.65	0.75	0.17
Basic Weighted Average Shares Outstanding	108M	117M	117M	118M	126M
Net EPS - Diluted	1.03	-1.61	-0.65	0.74	0.17
Diluted EPS - Continuing Operations	1.03	-1.61	-0.65	0.74	0.17
Diluted Weighted Average Shares Outstanding	109M	117M	117M	119M	127M
Normalized Basic EPS	1.03	-0.27	1.07	1.85	0.6
Normalized Diluted EPS	1.02	-0.27	1.07	1.84	0.6
Dividend Per Share	1.08	0.75	0.56	0.56	0.56
Payout Ratio	101.35	-46.54	-86.23	75.33	326.18
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	437M	205M	389M	510M	277M
EBITA	435M	205M	390M	505M	287M
EBIT	176M	-54.33M	213M	353M	123M
EBITDAR	-	-	404M	527M	392M
Effective Tax Rate - (Ratio)	13.79	27.72	10.7	31.74	58.27
Current Domestic Taxes	23.07M	529K	4.09M	3.87M	29.33M
Current Foreign Taxes	9.17M	-439K	3.69M	31.93M	-628K
Total Current Taxes	32.24M	90K	7.78M	35.8M	28.7M
Deferred Domestic Taxes	-	-61.85M	-13.03M	5.31M	40.69M
Deferred Foreign Taxes	-	-10.57M	-3.85M	-213K	1.53M
Total Deferred Taxes	-14.14M	-72.41M	-16.88M	5.09M	42.22M
Normalized Net Income	111M	-31.88M	125M	219M	76.31M
Interest on Long-Term Debt	1.51M	1.92M	1.6M	1.78M	4.72M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5.12M	2.07M	5.71M	9.88M	11.68M
Net Rental Expense, Total	-	-	15.77M	17.35M	115M
Imputed Operating Lease Interest Expense	-	-	5.98M	9.43M	102M
Imputed Operating Lease Depreciation	-	-	9.79M	7.92M	13.6M
Stock-Based Comp., SG&A Exp. (Total)	8.41M	2.84M	5.82M	2.56M	4.07M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	8.41M	2.84M	5.82M	2.56M	4.07M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	323M	196M	215M	188M	197M
Total Cash And Short Term Investments	323M	196M	215M	188M	197M
Accounts Receivable, Total	324M	277M	146M	240M	157M
Other Receivables	73.98M	105M	73.9M	78.46M	76.7M
Total Receivables	398M	382M	220M	319M	234M
Inventory	-	-	-	6.58M	12.56M
Other Current Assets, Total	-	-1K	-	1K	-
Total Current Assets	722M	578M	435M	514M	443M
Gross Property Plant And Equipment	162M	202M	191M	353M	379M
Accumulated Depreciation	-112M	-125M	-135M	-147M	-169M
Net Property Plant And Equipment	50.52M	77.26M	56.55M	205M	210M
Long-term Investments	-	-	2.91M	5.29M	5.49M
Goodwill	285M	288M	304M	385M	385M
Other Intangibles, Total	1.1B	964M	730M	641M	826M
Loans Receivable Long-Term	0	0	0	-	-
Deferred Tax Assets Long-Term	21.81M	88.62M	95.89M	82.2M	67.9M
Other Long-Term Assets, Total	11.06M	19.47M	4.88M	6.42M	18.94M
Total Assets	2.19B	2.02B	1.63B	1.84B	1.96B
Liabilities
Accounts Payable, Total	108M	116M	71.67M	72.86M	95.05M
Accrued Expenses, Total	-	46.92M	48.15M	145M	88.51M
Short-term Borrowings	-	2.5M	-	44.75M	-
Current Portion of Leases	11.06M	13.33M	10.78M	38.35M	43.88M
Current Income Taxes Payable	32.78M	11.69M	77.94M	77.22M	78.38M
Unearned Revenue Current, Total	-	485M	238M	126M	276M
Other Current Liabilities	433M	-	-	-	-1K
Total Current Liabilities	585M	675M	447M	505M	582M
Long-Term Debt	2.5M	-	-	-	-
Long-Term Leases	-	44.55M	33.02M	28.61M	41.33M
Deferred Tax Liability Non Current	29.26M	29.1M	32.06M	23.13M	16.43M
Other Non Current Liabilities	32.52M	757K	2.71M	42.41M	41.21M
Total Liabilities	649M	750M	514M	599M	681M
Common Stock, Total	4.13M	4.08M	4.09M	4.26M	4.41M
Additional Paid In Capital	462M	462M	462M	583M	669M
Retained Earnings	1.1B	822M	671M	671M	625M
Treasury Stock	-49K	-1K	-38K	-18K	-16K
Comprehensive Income and Other	-22.23M	-22.23M	-22.23M	-22.54M	-23.08M
Total Common Equity	1.55B	1.27B	1.12B	1.24B	1.28B
Minority Interest	-7K	-7K	-7K	3.86M	468K
Total Equity	1.55B	1.27B	1.12B	1.24B	1.28B
Total Liabilities And Equity	2.19B	2.02B	1.63B	1.84B	1.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	117M	117M	116M	124M	131M
ECS Total Common Shares Outstanding	117M	117M	116M	124M	131M
Book Value / Share	13.19	10.8	9.61	9.93	9.74
Tangible Book Value	156M	13.81M	81.03M	210M	64.36M
Tangible Book Value Per Share	1.33	0.12	0.7	1.69	0.49
Total Debt	13.56M	60.38M	43.8M	112M	85.21M
Net Debt	-310M	-135M	-172M	-76.74M	-112M
Debt Equivalent Oper. Leases	-	-	126M	139M	921M
Minority Interest, Total (Incl. Fin. Div)	-7K	-7K	-7K	3.86M	468K
Equity Method Investments, Total	-	-	2.91M	5.29M	5.49M
Account Code - Inventory Valuation	3	3	3	6	6
Inventories - Work In Process, Total	-	-	-	2.09M	4.47M
Inventories - Finished Goods, Total	-	-	-	3.97M	7.08M
Inventories - Others	-	-	-	516K	1.02M
Buildings, Total	13.92M	7.93M	9.32M	10.81M	10.88M
Machinery, Total	123M	144M	145M	282M	290M
Full Time Employees	666	462	471	908	873
Accumulated Allowance for Doubtful Accounts (Supple)	422K	2.9M	2.47M	7.7M	6.5M
Order Backlog	-	-	-	-	545M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	113M	-189M	-75.98M	87.8M	21.65M
Depreciation & Amortization - CF	14.53M	13.39M	10.29M	23.68M	55.06M
Amortization of Goodwill and Intangible Assets - (CF)	259M	259M	176M	152M	163M
Depreciation & Amortization, Total	274M	273M	187M	176M	219M
Amortization of Deferred Charges, Total - (CF)	5.12M	2.07M	5.71M	9.88M	41.88M
Asset Writedown & Restructuring Costs	46.62M	210M	286M	221M	70.22M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-15.29M	-141M	-23.28M	26.03M	-1.96M
Change In Accounts Receivable	8.02M	102M	131M	-45.47M	83.39M
Change in Other Net Operating Assets	129M	98.46M	-193M	-132M	151M
Cash from Operations	561M	355M	318M	343M	585M
Capital Expenditure	-20.97M	-35.2M	-13.58M	-23.66M	-47.85M
Cash Acquisitions	14.63M	-	-18.3M	-54.56M	-1.57M
Divestitures	-	-	-	-	3.8M
Sale (Purchase) of Intangible assets	-334M	-356M	-171M	-201M	-390M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	6.26M	853K	2.52M	6.4M	7.89M
Cash from Investing	-334M	-390M	-201M	-273M	-428M
Short Term Debt Repaid, Total	-	-	-2.5M	-	-44.75M
Long-Term Debt Repaid, Total	-16.28M	-	-	-20.6M	-60.95M
Total Debt Repaid	-16.28M	-	-2.5M	-20.6M	-106M
Issuance of Common Stock	1.51M	-	-	-	86.53M
Repurchase of Common Stock	-43.15M	-6.6M	-15.69M	-7.02M	-54.38M
Common Dividends Paid	-115M	-87.78M	-65.52M	-66.14M	-70.6M
Common & Preferred Stock Dividends Paid	-115M	-87.78M	-65.52M	-66.14M	-70.6M
Other Financing Activities, Total	-778K	-2.9M	-6.36M	-5.61M	-7.84M
Cash from Financing	-173M	-97.28M	-90.08M	-99.36M	-152M
Foreign Exchange Rate Adjustments	-3.06M	5.35M	-7.11M	2.05M	3.72M
Miscellaneous Cash Flow Adjustments	-	-	-	-1K	1K
Net Change in Cash	49.88M	-128M	19.61M	-26.88M	8.29M
Supplemental Items
Cash Interest Paid	778K	2.9M	6.36M	5.61M	7.84M
Cash Income Tax Paid (Refund)	38.29M	63.69M	14.18M	15.04M	32.19M
Levered Free Cash Flow	257M	-56.99M	80M	61.73M	91.93M
Unlevered Free Cash Flow	259M	-55.5M	81.55M	65.04M	98.71M
Change In Net Working Capital	-217M	-92.32M	64.96M	119M	-195M
Net Debt Issued / Repaid	-16.28M	-	-2.5M	-20.6M	-106M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.81	-1.61	7.33	12.72	4.07
Return on Total Capital	7.86	-2.34	10.72	17.58	5.69
Return On Equity %	8.14	-13.42	-6.37	7.47	1.72
Return on Common Equity	8.14	-13.42	-6.37	7.47	1.72
Margin Analysis
Gross Profit Margin %	99.59	98.31	97.76	94.76	72.63
SG&A Margin	14.74	16.86	10.58	12.06	16.5
EBITDA Margin %	74.63	64.18	74.9	71.19	34.84
EBITA Margin %	74.3	64.13	75.15	70.51	36.12
EBIT Margin %	29.99	-17.01	41.14	49.26	15.55
Income From Continuing Operations Margin %	19.32	-59.04	-14.65	12.28	2.73
Net Income Margin %	19.32	-59.04	-14.65	12.25	2.73
Net Avail. For Common Margin %	19.32	-59.04	-14.65	12.25	2.73
Normalized Net Income Margin	18.98	-9.98	24.18	30.49	9.61
Levered Free Cash Flow Margin	43.92	-17.84	15.42	8.61	11.57
Unlevered Free Cash Flow Margin	44.26	-17.37	15.72	9.08	12.43
Asset Turnover
Asset Turnover	0.31	0.15	0.29	0.41	0.42
Fixed Assets Turnover	15.97	5	7.75	5.47	3.82
Receivables Turnover (Average Receivables)	1.86	1.06	2.45	3.71	4
Inventory Turnover (Average Inventory)	-	-	-	-	22.72
Short Term Liquidity
Current Ratio	1.23	0.86	0.97	1.02	0.76
Quick Ratio	1.23	0.86	0.97	1	0.74
Operating Cash Flow to Current Liabilities	0.96	0.53	0.71	0.68	1
Days Sales Outstanding (Average Receivables)	196.6	344.77	149.02	98.4	91.27
Days Outstanding Inventory (Average Inventory)	-	-	-	-	16.07
Average Days Payable Outstanding	11.19K	7.58K	2.34K	-	137.17
Cash Conversion Cycle (Average Days)	-	-	-	-	-29.83
Long Term Solvency
Total Debt/Equity	0.88	4.77	3.93	9.01	6.68
Total Debt / Total Capital	0.87	4.55	3.78	8.27	6.26
LT Debt/Equity	0.16	3.52	2.96	2.31	3.24
Long-Term Debt / Total Capital	0.16	3.36	2.85	2.12	3.04
Total Liabilities / Total Assets	29.57	37.19	31.57	32.58	34.8
EBIT / Interest Expense	55.14	-22.79	86.37	66.85	11.38
EBITDA / Interest Expense	141.16	91.55	161.91	100.17	31.51
(EBITDA - Capex) / Interest Expense	134.58	76.78	156.41	95.68	27.1
Total Debt / EBITDA	0.03	0.28	0.11	0.21	0.25
Net Debt / EBITDA	-0.69	-0.62	-0.43	-0.15	-0.33
Total Debt / (EBITDA - Capex)	0.03	0.33	0.11	0.22	0.29
Net Debt / (EBITDA - Capex)	-0.72	-0.74	-0.44	-0.15	-0.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.66	-45.45	44.08	38.16	10.84
Gross Profit, 1 Yr. Growth %	-4.96	-46.15	43.66	33.93	-15.05
EBITDA, 1 Yr. Growth %	-13.55	-53.09	59.28	30.61	-45.76
EBITA, 1 Yr. Growth %	-13.12	-52.92	59.9	29.64	-43.21
EBIT, 1 Yr. Growth %