Cash flow Ubisoft Entertainment

Equities

UBI

FR0000054470

Software

Market Closed - Euronext Paris Other stock markets 11:35:05 2025-06-20 am EDT			5-day change	1st Jan Change
9.058 ^EUR	+1.32%		-0.68%	-31.12%

Jun. 16	AlphaValue/Baader Europe Reduces Ubisoft Forecasts on 'Soft' FY25 Results	MT
Jun. 13	UBISOFT ENTERTAINMENT : Target upgrade by 14.4%

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Published financial data: UBISOFT ENTERTAINMENT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.59B	2.22B	2.13B	1.81B	2.3B
Total Revenues	1.59B	2.22B	2.13B	1.81B	2.3B
Cost of Goods Sold, Total	253M	326M	270M	217M	204M
Gross Profit	1.34B	1.9B	1.86B	1.6B	2.1B
Selling General & Admin Expenses, Total	580M	671M	683M	645M	704M
R&D Expenses	721M	827M	822M	1.44B	1.07B
Other Operating Expenses, Total	1.3B	1.5B	1.51B	2.09B	1.78B
Operating Income	41.31M	400M	350M	-487M	321M
Interest Expense, Total	-18.12M	-18.4M	-24.5M	-36M	-74.8M
Interest And Investment Income	4.19M	1.1M	1.5M	12.5M	24.9M
Net Interest Expenses	-13.93M	-17.3M	-23M	-23.5M	-49.9M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-3.79M	-8.2M	-1.2M	4.4M	-6.2M
Other Non Operating Income (Expenses)	-1.34M	-26.1M	1M	-5M	-2.8M
EBT, Excl. Unusual Items	22.25M	348M	327M	-512M	262M
Restructuring Charges	-	-	-	-21M	-7.5M
Impairment of Goodwill	-100M	-110M	-90.1M	-59.5M	-
Asset Writedown	-750K	-	-8.5M	600K	-200K
Other Unusual Items	-	-	-35.3M	-12.5M	-
EBT, Incl. Unusual Items	-78.56M	238M	193M	-604M	255M
Income Tax Expense	45.68M	133M	114M	-109M	96.8M
Earnings From Continuing Operations	-124M	105M	79.5M	-495M	158M
Net Income to Company	-124M	105M	79.5M	-495M	158M
Minority Interest	-1.38M	-2.1M	-400K	600K	-100K
Net Income - (IS)	-126M	103M	79.1M	-494M	158M
Net Income to Common Incl Extra Items	-126M	103M	79.1M	-494M	158M
Net Income to Common Excl. Extra Items	-126M	103M	79.1M	-494M	158M
Per Share Items
Net EPS - Basic	-1.12	0.87	0.66	-4.08	1.27
Basic EPS - Continuing Operations	-1.12	0.87	0.66	-4.08	1.27
Basic Weighted Average Shares Outstanding	112M	119M	120M	121M	124M
Net EPS - Diluted	-1.12	0.85	0.65	-4.08	1.24
Diluted EPS - Continuing Operations	-1.12	0.85	0.65	-4.08	1.24
Diluted Weighted Average Shares Outstanding	112M	126M	127M	121M	147M
Normalized Basic EPS	0.11	1.81	1.71	-2.63	1.32
Normalized Diluted EPS	0.11	1.71	1.6	-2.63	1.11
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	89.75M	455M	420M	-417M	373M
EBITA	42.21M	400M	361M	-477M	324M
EBIT	41.31M	400M	350M	-487M	321M
Effective Tax Rate - (Ratio)	-58.16	55.76	58.83	18.07	38.01
Total Current Taxes	71.63M	83.4M	90.9M	79.1M	111M
Total Deferred Taxes	-25.94M	49.3M	22.7M	-188M	-13.9M
Normalized Net Income	12.52M	216M	204M	-319M	164M
Non-Cash Pension Expense	2.5M	3.3M	2.6M	-	2M
Supplemental Operating Expense Items
Marketing Expenses	387M	443M	413M	343M	413M
Selling and Marketing Expenses	387M	443M	413M	343M	413M
General and Administrative Expenses	193M	228M	270M	302M	291M
Research And Development Expense From Footnotes	721M	827M	822M	1.44B	1.07B
Stock-Based Comp., Other (Total)	53.77M	56.8M	54.1M	62M	59.6M
Total Stock-Based Compensation	53.77M	56.8M	54.1M	62M	59.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.08B	1.63B	1.45B	1.49B	1.21B
Short Term Investments	-	240M	-	-	-
Total Cash And Short Term Investments	1.08B	1.87B	1.45B	1.49B	1.21B
Accounts Receivable, Total	307M	343M	471M	268M	746M
Other Receivables	128M	263M	210M	227M	284M
Total Receivables	435M	605M	682M	495M	1.03B
Inventory	12.45M	23.1M	22.2M	18.5M	8.8M
Prepaid Expenses	38.19M	39.6M	40.7M	48.3M	44.3M
Other Current Assets, Total	3.19M	4.2M	5.8M	3M	4.5M
Total Current Assets	1.57B	2.54B	2.2B	2.06B	2.29B
Gross Property Plant And Equipment	680M	845M	961M	975M	928M
Accumulated Depreciation	-275M	-363M	-451M	-515M	-485M
Net Property Plant And Equipment	404M	482M	510M	460M	443M
Long-term Investments	4.16M	6.3M	42.8M	44.6M	41.1M
Goodwill	335M	221M	132M	73.2M	73.3M
Other Intangibles, Total	1.12B	1.45B	1.88B	1.78B	2.08B
Deferred Tax Assets Long-Term	169M	173M	180M	252M	187M
Other Long-Term Assets, Total	9.56M	9.8M	9.5M	9.1M	9.8M
Total Assets	3.6B	4.88B	4.96B	4.67B	5.12B
Liabilities
Accounts Payable, Total	139M	151M	154M	122M	157M
Accrued Expenses, Total	152M	289M	272M	251M	302M
Short-term Borrowings	202M	156M	97.9M	63.7M	102M
Current Portion of Long-Term Debt	3.38M	5.6M	504M	28.1M	282M
Current Portion of Leases	41.21M	38.8M	48.5M	45.3M	43.4M
Current Income Taxes Payable	15.14M	15.8M	28.1M	14.2M	22.8M
Unearned Revenue Current, Total	275M	353M	308M	195M	141M
Other Current Liabilities	90.99M	96.8M	67.6M	19.3M	8.2M
Total Current Liabilities	919M	1.11B	1.48B	739M	1.06B
Long-Term Debt	974M	1.63B	1.13B	2.06B	1.81B
Long-Term Leases	202M	268M	286M	264M	276M
Pension & Other Post Retirement Benefits	15.77M	21.6M	20.2M	17.1M	20.3M
Deferred Tax Liability Non Current	110M	158M	183M	69.5M	36.9M
Other Non Current Liabilities	62.66M	39.3M	46.9M	37.4M	45.3M
Total Liabilities	2.28B	3.22B	3.15B	3.19B	3.24B
Common Stock, Total	9.37M	9.6M	9.7M	9.7M	9.9M
Additional Paid In Capital	864M	556M	630M	630M	675M
Retained Earnings	-126M	103M	79.1M	-494M	158M
Treasury Stock	-441M	-263M	-348M	-187M	-119M
Comprehensive Income and Other	1.01B	1.25B	1.44B	1.52B	1.15B
Total Common Equity	1.31B	1.66B	1.81B	1.48B	1.88B
Minority Interest	7.19M	9.3M	2M	3.5M	2.6M
Total Equity	1.32B	1.66B	1.81B	1.48B	1.88B
Total Liabilities And Equity	3.6B	4.88B	4.96B	4.67B	5.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	121M	123M	123M	125M	127M
ECS Total Common Shares Outstanding	121M	123M	123M	125M	127M
Book Value / Share	10.87	13.45	14.72	11.82	14.72
Tangible Book Value	-135M	-18.2M	-207M	-370M	-272M
Tangible Book Value Per Share	-1.12	-0.15	-1.69	-2.96	-2.13
Total Debt	1.42B	2.09B	2.07B	2.46B	2.51B
Net Debt	344M	227M	618M	971M	1.3B
Minority Interest, Total (Incl. Fin. Div)	7.19M	9.3M	2M	3.5M	2.6M
Equity Method Investments, Total	7K	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	41.51M	30M	28.4M	32.1M	12.2M
Land - (BS)	4.87M	5M	5.1M	5M	5M
Buildings, Total	15.46M	47M	46M	43.9M	43.3M
Machinery, Total	353M	413M	476M	500M	418M
Full Time Employees	17.88K	20.16K	20.66K	20.13K	19.01K
Part Time Employees	162	163	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.12M	2M	2.2M	1.3M	5.3M
Order Backlog	-	3B	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-126M	103M	79.1M	-494M	158M
Depreciation & Amortization - CF	84.49M	102M	110M	112M	98.4M
Amortization of Goodwill and Intangible Assets - (CF)	898K	600K	10.7M	10.4M	2.4M
Depreciation & Amortization, Total	85.39M	102M	121M	122M	101M
Amortization of Deferred Charges, Total - (CF)	433M	446M	461M	1.11B	675M
(Gain) Loss From Sale Of Asset	682K	900K	200K	600K	500K
Asset Writedown & Restructuring Costs	101M	110M	90.1M	59.5M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	53.77M	56.8M	54.1M	62M	59.6M
Provision and Write-off of Bad Debts	-13K	400K	100K	-800K	4M
Other Operating Activities, Total	-11.63M	67.3M	55.9M	-170M	-5.1M
Change In Accounts Receivable	183M	-45.7M	-118M	211M	-481M
Change In Inventories	20.19M	10.9M	2.5M	-2.6M	20M
Change In Accounts Payable	-49.2M	1.2M	1.1M	-22.8M	39M
Change in Unearned Revenues	-96.52M	-81.1M	-48.8M	-122M	-51.2M
Change in Other Net Operating Assets	6.39M	185M	7.4M	-57.8M	17.8M
Cash from Operations	600M	958M	706M	690M	538M
Capital Expenditure	-87.11M	-78.1M	-67M	-48.2M	-27.5M
Sale of Property, Plant, and Equipment	179K	100K	200K	100K	100K
Cash Acquisitions	-144M	-16M	-26.5M	-30.8M	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-669M	-772M	-880M	-1.02B	-976M
Investment in Marketable and Equity Securities, Total	-2.47M	-2.5M	-35.4M	-6M	-5.6M
Net (Increase) Decrease in Loans Originated / Sold - Investing	210M	198M	78.3M	45.8M	1M
Other Investing Activities, Total	-213M	-198M	-77.9M	-45.4M	100K
Cash from Investing	-905M	-868M	-1.01B	-1.11B	-1.01B
Long-Term Debt Issued, Total	935M	1.14B	158M	1.44B	1.17B
Total Debt Issued	935M	1.14B	158M	1.44B	1.17B
Long-Term Debt Repaid, Total	-620M	-542M	-257M	-994M	-1.02B
Total Debt Repaid	-620M	-542M	-257M	-994M	-1.02B
Issuance of Common Stock	117M	106M	74.4M	100M	56.4M
Repurchase of Common Stock	-	-	-117M	-	-
Other Financing Activities, Total	-27K	-240M	240M	-	-100K
Cash from Financing	432M	464M	98.6M	544M	205M
Foreign Exchange Rate Adjustments	-18.72M	24.7M	29.8M	-53.4M	3.1M
Miscellaneous Cash Flow Adjustments	2K	100K	-	-	-
Net Change in Cash	108M	578M	-174M	73.2M	-262M
Supplemental Items
Cash Interest Paid	9.45M	10.3M	15.4M	22.4M	57.7M
Cash Income Tax Paid (Refund)	71.62M	83.4M	90.9M	79.1M	111M
Levered Free Cash Flow	-138M	43.18M	-261M	-151M	-508M
Unlevered Free Cash Flow	-126M	54.68M	-245M	-128M	-461M
Change In Net Working Capital	-31.55M	-49.7M	154M	42.8M	494M
Net Debt Issued / Repaid	315M	597M	-98.7M	443M	148M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.75	5.89	4.45	-6.33	4.1
Return on Total Capital	1.03	7.68	5.73	-7.79	4.82
Return On Equity %	-11.08	7.04	4.58	-30.06	9.39
Return on Common Equity	-11.24	6.94	4.57	-30.08	9.4
Margin Analysis
Gross Profit Margin %	84.13	85.35	87.31	88.06	91.13
SG&A Margin	36.34	30.18	32.13	35.53	30.61
EBITDA Margin %	5.63	20.46	19.78	-22.97	16.22
EBITA Margin %	2.65	18.01	16.98	-26.29	14.07
EBIT Margin %	2.59	17.98	16.48	-26.86	13.96
Income From Continuing Operations Margin %	-7.79	4.73	3.74	-27.27	6.86
Net Income Margin %	-7.88	4.64	3.72	-27.24	6.86
Net Avail. For Common Margin %	-7.88	4.64	3.72	-27.24	6.86
Normalized Net Income Margin	0.79	9.69	9.6	-17.59	7.12
Levered Free Cash Flow Margin	-8.63	1.94	-12.26	-8.3	-22.06
Unlevered Free Cash Flow Margin	-7.92	2.46	-11.54	-7.06	-20.03
Asset Turnover
Asset Turnover	0.46	0.52	0.43	0.38	0.47
Fixed Assets Turnover	5.65	5.02	4.29	3.74	5.1
Receivables Turnover (Average Receivables)	4.07	6.84	5.22	4.91	4.54
Inventory Turnover (Average Inventory)	11.42	18.35	11.91	10.64	14.96
Short Term Liquidity
Current Ratio	1.71	2.3	1.49	2.78	2.17
Quick Ratio	1.65	2.24	1.44	2.69	2.11
Operating Cash Flow to Current Liabilities	0.65	0.87	0.48	0.93	0.51
Days Sales Outstanding (Average Receivables)	89.93	53.33	69.88	74.37	80.69
Days Outstanding Inventory (Average Inventory)	32.05	19.89	30.65	34.29	24.47
Average Days Payable Outstanding	256.03	157.22	207.08	236.42	262.41
Cash Conversion Cycle (Average Days)	-134.05	-84	-106.55	-127.76	-157.26
Long Term Solvency
Total Debt/Equity	107.67	125.82	114.43	166.07	133.56
Total Debt / Total Capital	51.85	55.72	53.37	62.42	57.18
LT Debt/Equity	88.99	113.81	78.51	156.82	110.81
Long-Term Debt / Total Capital	42.85	50.4	36.61	58.94	47.45
Total Liabilities / Total Assets	63.33	65.91	63.52	68.26	63.31
EBIT / Interest Expense	2.28	21.73	14.29	-13.54	4.3
EBITDA / Interest Expense	6.99	27.29	19.22	-10.14	5.64
(EBITDA - Capex) / Interest Expense	2.18	23.05	16.49	-11.48	5.28
Total Debt / EBITDA	11.23	4.17	4.4	-6.74	5.95
Net Debt / EBITDA	2.71	0.45	1.31	-2.66	3.09
Total Debt / (EBITDA - Capex)	35.94	4.94	5.12	-5.96	6.36
Net Debt / (EBITDA - Capex)	8.69	0.54	1.53	-2.35	3.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.58	39.44	-4.43	-14.63	26.82
Gross Profit, 1 Yr. Growth %	-11.53	41.47	-2.24	-13.89	31.23
EBITDA, 1 Yr. Growth %	-87.92	-13.12	-53.35	-147.27	-45.8
EBITA, 1 Yr. Growth %	-94.03	-15.92	-57.36	-158.02	-48.49
EBIT, 1 Yr. Growth %	-80.16	868.04	-12.41	-239.18	-165.92
Earnings From Cont. Operations, 1 Yr. Growth %	-224.26	-184.7	-24.43	-722.39	-131.91
Net Income, 1 Yr. Growth %	-225.64	-182.09	-23.28	-724.78	-131.93
Normalized Net Income, 1 Yr. Growth %	-89.86	1.62K	-5.36	-269.52	-151.98
Diluted EPS Before Extra, 1 Yr. Growth %	-225.97	-175.89	-23.53	-727.69	-130.39
Accounts Receivable, 1 Yr. Growth %	-35.58	11.59	37.44	-43.04	178.12
Inventory, 1 Yr. Growth %	-60.96	86.29	-3.9	-16.67	-52.43
Net Property, Plant and Equip., 1 Yr. Growth %	152.75	19.19	5.77	-9.79	-3.72
Total Assets, 1 Yr. Growth %	9.61	35.51	1.52	-5.82	9.65
Tangible Book Value, 1 Yr. Growth %	-46.66	-86.55	1.04K	78.79	-26.48
Common Equity, 1 Yr. Growth %	42.88	25.95	9.14	-18.15	26.87
Cash From Operations, 1 Yr. Growth %	-38.26	59.54	-26.33	-2.28	-22.04
Capital Expenditures, 1 Yr. Growth %	41.8	-10.33	-14.21	-28.06	-42.95
Levered Free Cash Flow, 1 Yr. Growth %	-134.68	-131.52	-703.45	-42.19	237.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-130.81	-143.51	-548.51	-47.75	259.72
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.04	9.77	15.44	-9.68	4.05
Gross Profit, 2 Yr. CAGR %	-3.31	11.87	17.6	-8.25	6.3
EBITDA, 2 Yr. CAGR %	-65.78	-21.76	-10.41	-31.98	-34.94
EBITA, 2 Yr. CAGR %	-75.99	-24.72	-12.94	-24.92	-37.25
EBIT, 2 Yr. CAGR %	-60.18	38.57	191.19	10.41	-4.22
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.61	2.57	-19.99	116.87	40.93
Net Income, 2 Yr. CAGR %	-5.09	1.55	-20.64	118.94	41.24
Normalized Net Income, 2 Yr. CAGR %	-71.51	32.09	303.35	21.68	-6.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.53	-2.27	-23.82	119.09	38.12
Accounts Receivable, 2 Yr. CAGR %	-16.04	-15.21	23.84	-11.52	25.87
Inventory, 2 Yr. CAGR %	-21.63	-14.88	33.8	-10.51	-37.04
Net Property, Plant and Equip., 2 Yr. CAGR %	88.23	73.57	12.28	-2.32	-6.8
Total Assets, 2 Yr. CAGR %	13.36	21.87	17.29	-2.22	1.62
Tangible Book Value, 2 Yr. CAGR %	-5.82	-73.21	23.69	350.95	14.65
Common Equity, 2 Yr. CAGR %	21.58	34.15	17.24	-5.48	1.9
Cash From Operations, 2 Yr. CAGR %	-6.8	-0.75	8.42	-15.15	-12.72
Capital Expenditures, 2 Yr. CAGR %	34.13	12.76	-12.29	-21.44	-35.93
Levered Free Cash Flow, 2 Yr. CAGR %	17.47	-67.02	37.91	86.78	39.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.76	-63.48	39.69	53.08	37.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.99	8.69	4.82	4.39	1.14
Gross Profit, 3 Yr. CAGR %	4.11	9.77	6.96	5.99	3.37
EBITDA, 3 Yr. CAGR %	-48.33	-15.95	-17.31	-7.33	-25.45
EBITA, 3 Yr. CAGR %	-59.15	-18.23	-20.06	0.06	-27.41
EBIT, 3 Yr. CAGR %	-40.98	15.34	18.92	127.67	-7.03
Earnings From Cont. Operations, 3 Yr. CAGR %	4.84	-8.97	-7.36	58.53	14.5
Net Income, 3 Yr. CAGR %	5.23	-9.58	-7.51	57.87	15.24
Normalized Net Income, 3 Yr. CAGR %	-52.28	11.78	18.2	194.15	-8.72
Diluted EPS Before Extra, 3 Yr. CAGR %	6.81	-10.36	-9.94	53.87	13.41
Accounts Receivable, 3 Yr. CAGR %	-8.86	-7.68	-0.4	-4.4	29.61
Inventory, 3 Yr. CAGR %	-21.12	4.46	-11.36	14.27	-27.51
Net Property, Plant and Equip., 3 Yr. CAGR %	56.06	61.64	47.15	4.38	-2.79
Total Assets, 3 Yr. CAGR %	11.77	20.31	14.67	9.02	1.59
Tangible Book Value, 3 Yr. CAGR %	-14.52	-50.77	-6.55	39.85	146.35
Common Equity, 3 Yr. CAGR %	5.05	23.02	25.24	4.01	4.26
Cash From Operations, 3 Yr. CAGR %	-2.4	11.49	-10.13	4.73	-17.51
Capital Expenditures, 3 Yr. CAGR %	18.44	17.28	2.94	-17.9	-29.39
Levered Free Cash Flow, 3 Yr. CAGR %	96.95	-24.36	-13.1	3.22	127.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	70.32	-20.99	-15.75	0.65	103.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.73	9.79	7.8	0.93	4.51
Gross Profit, 5 Yr. CAGR %	3.56	11.75	9.31	2.17	6.69
EBITDA, 5 Yr. CAGR %	-32.7	-5.32	-8.36	-11.47	-12.87
EBITA, 5 Yr. CAGR %	-41.7	-6.77	-10.23	-8.22	-14.45
EBIT, 5 Yr. CAGR %	-23.8	20.69	11.75	13.34	9.06
Earnings From Cont. Operations, 5 Yr. CAGR %	7.42	2.41	-5.91	28.83	9.57
Net Income, 5 Yr. CAGR %	7.66	1.99	-6.01	28.79	9.56
Normalized Net Income, 5 Yr. CAGR %	-34.13	19.35	12.1	15.64	5.82
Diluted EPS Before Extra, 5 Yr. CAGR %	7.8	0.72	-6.71	28.16	6.86
Accounts Receivable, 5 Yr. CAGR %	66.63	-3.97	3.04	-9.24	9.38
Inventory, 5 Yr. CAGR %	-7.55	3.58	-2.63	-1.8	-22.7
Net Property, Plant and Equip., 5 Yr. CAGR %	37.93	41.84	36.8	32.14	22.58
Total Assets, 5 Yr. CAGR %	15.52	19.31	13.94	10.74	9.26
Tangible Book Value, 5 Yr. CAGR %	-13.36	-41.46	-0.9	19.4	1.42
Common Equity, 5 Yr. CAGR %	6.07	10.21	9.77	10.71	15.32
Cash From Operations, 5 Yr. CAGR %	-1.7	22.97	1.79	-0.04	-11.18
Capital Expenditures, 5 Yr. CAGR %	9.14	12.94	5.03	-0.09	-14.85
Levered Free Cash Flow, 5 Yr. CAGR %	-2.78	-28.25	70.61	8.59	5.04
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.83	-24.42	57.17	2.94	2.37