Cash flow Umicore

Equities

UMI

BE0974320526

Specialty Chemicals

Market Closed - Euronext Bruxelles Other stock markets 11:35:50 2024-12-13 am EST			After market 03:59:59 pm
10.21 ^EUR	-4.31%		10.24	+0.34%

Dec. 12	UMICORE : Postponed Canadian dreams
Nov. 07	Vulcan Energy Resources Limited Commences Lithium Hydroxide Production Towards Product Qualification	CI

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Published financial data: UMICORE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	17.49B	20.71B	24.05B	25.44B	18.27B
Other Revenues, Total	9.1M	6.17M	11.26M	13.83M	14.49M
Total Revenues	17.49B	20.72B	24.07B	25.45B	18.28B
Cost of Goods Sold, Total	16.42B	19.62B	22.5B	23.78B	16.76B
Gross Profit	1.08B	1.1B	1.57B	1.67B	1.52B
Depreciation & Amortization - (IS)	284M	275M	290M	303M	305M
Other Operating Expenses	305M	405M	367M	524M	574M
Other Operating Expenses, Total	589M	680M	657M	827M	879M
Operating Income	487M	420M	913M	840M	641M
Interest Expense, Total	-45.63M	-61.66M	-64.46M	-81.4M	-110M
Interest And Investment Income	5.29M	4.51M	14.12M	12.75M	32.62M
Net Interest Expenses	-40.34M	-57.15M	-50.34M	-68.65M	-77.6M
Income (Loss) On Equity Invest.	8.7M	-5.33M	17.35M	13.47M	399K
Currency Exchange Gains (Loss)	-31.62M	-56.01M	-24.84M	-27.7M	-8.34M
Other Non Operating Income (Expenses)	-3.68M	-14.68M	-14.43M	-30.77M	-17.6M
EBT, Excl. Unusual Items	420M	287M	840M	726M	538M
Restructuring Charges	15.01M	-27.76M	-5.15M	-1.78M	-7.47M
Impairment of Goodwill	-1.42M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-5.08M
Gain (Loss) On Sale Of Assets	7.44M	1.65M	799K	1.52M	-674K
Asset Writedown	-22.18M	-87.54M	-48.5M	-24.93M	-45.79M
Insurance Settlements	27M	21.58M	18.41M	8.87M	2.98M
Legal Settlements	-	569K	144K	10K	46K
Other Unusual Items	-50.17M	-	-	-	-
EBT, Incl. Unusual Items	396M	195M	806M	710M	482M
Income Tax Expense	96.69M	59.13M	179M	138M	105M
Earnings From Continuing Operations	299M	136M	627M	572M	377M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	299M	136M	627M	572M	377M
Minority Interest	-11.43M	-5.4M	-7.99M	-2.52M	7.97M
Net Income - (IS)	288M	131M	619M	570M	385M
Net Income to Common Incl Extra Items	288M	131M	619M	570M	385M
Net Income to Common Excl. Extra Items	288M	131M	619M	570M	385M
Per Share Items
Net EPS - Basic	1.2	0.54	2.57	2.37	1.6
Basic EPS - Continuing Operations	1.2	0.54	2.57	2.37	1.6
Basic Weighted Average Shares Outstanding	241M	241M	241M	240M	240M
Net EPS - Diluted	1.19	0.54	2.56	2.37	1.6
Diluted EPS - Continuing Operations	1.19	0.54	2.56	2.37	1.6
Diluted Weighted Average Shares Outstanding	242M	242M	242M	241M	240M
Normalized Basic EPS	1.04	0.72	2.15	1.88	1.43
Normalized Diluted EPS	1.04	0.72	2.14	1.88	1.43
Dividend Per Share	0.38	0.75	0.8	0.8	0.8
Payout Ratio	64.76	46.07	29.17	33.7	49.94
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	694M	646M	1.15B	1.09B	900M
EBITA	503M	434M	926M	850M	648M
EBIT	487M	420M	913M	840M	641M
Total Revenues (As Reported)	17.61B	20.79B	24.23B	25.62B	18.41B
Effective Tax Rate - (Ratio)	24.42	30.31	22.21	19.38	21.77
Total Current Taxes	113M	116M	202M	245M	172M
Total Deferred Taxes	-16.54M	-56.54M	-22.83M	-107M	-67.31M
Normalized Net Income	251M	174M	517M	451M	344M
Interest on Long-Term Debt	-	6K	11M	11.3M	11.8M
Non-Cash Pension Expense	4.33M	4.22M	2.97M	1.86M	10.02M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	190M	221M	232M	315M	270M
Stock-Based Comp., COGS (Total)	8.21M	10.11M	14.26M	11.82M	14.12M
Total Stock-Based Compensation	8.21M	10.11M	14.26M	11.82M	14.12M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	272M	1.01B	1.19B	1.24B	1.52B
Total Cash And Short Term Investments	272M	1.01B	1.19B	1.24B	1.52B
Accounts Receivable, Total	1.15B	1.34B	1.38B	1.3B	969M
Other Receivables	226M	217M	292M	394M	306M
Notes Receivable	2K	80K	169K	1.27M	249K
Total Receivables	1.37B	1.56B	1.67B	1.69B	1.28B
Inventory	2.46B	2.72B	2.87B	3.39B	2.85B
Other Current Assets, Total	105M	156M	211M	224M	170M
Total Current Assets	4.21B	5.45B	5.94B	6.55B	5.81B
Gross Property Plant And Equipment	4.38B	4.61B	5.02B	5.38B	6.04B
Accumulated Depreciation	-2.28B	-2.44B	-2.66B	-2.85B	-3B
Net Property Plant And Equipment	2.09B	2.16B	2.35B	2.53B	3.04B
Long-term Investments	162M	148M	169M	181M	334M
Goodwill	157M	156M	159M	158M	158M
Other Intangibles, Total	160M	152M	145M	148M	189M
Loans Receivable Long-Term	2.19M	3.25M	2.61M	2.59M	2.44M
Deferred Tax Assets Long-Term	169M	222M	219M	316M	370M
Deferred Charges Long-Term	53.77M	38.52M	36.01M	36.91M	34.01M
Other Long-Term Assets, Total	12.04M	11.76M	20.67M	18.71M	29.69M
Total Assets	7.02B	8.34B	9.05B	9.94B	9.97B
Liabilities
Accounts Payable, Total	1.47B	1.9B	2.2B	2.25B	1.77B
Accrued Expenses, Total	310M	352M	459M	583M	496M
Short-term Borrowings	560M	697M	411M	460M	562M
Current Portion of Long-Term Debt	3.7M	21.95M	20M	241M	151M
Current Portion of Leases	-	-	-	16.02M	16.16M
Current Income Taxes Payable	131M	161M	197M	262M	223M
Unearned Revenue Current, Total	15.45M	32.18M	29.85M	33.06M	27.92M
Other Current Liabilities	189M	199M	166M	288M	347M
Total Current Liabilities	2.68B	3.36B	3.48B	4.13B	3.6B
Long-Term Debt	1.1B	1.65B	1.66B	1.59B	1.97B
Long-Term Leases	46.26M	52.86M	62.89M	40.71M	50.7M
Unearned Revenue Non Current	16.02M	17.82M	40.82M	41.69M	56.41M
Pension & Other Post Retirement Benefits	393M	426M	387M	286M	315M
Deferred Tax Liability Non Current	11.46M	22.85M	24.29M	30.03M	28.74M
Other Non Current Liabilities	116M	188M	222M	258M	253M
Total Liabilities	4.36B	5.72B	5.88B	6.38B	6.27B
Common Stock, Total	1.38B	1.38B	1.38B	1.38B	1.38B
Retained Earnings	1.68B	1.75B	2.15B	2.53B	2.72B
Treasury Stock	-185M	-209M	-226M	-266M	-262M
Comprehensive Income and Other	-284M	-368M	-196M	-128M	-177M
Total Common Equity	2.59B	2.56B	3.11B	3.52B	3.66B
Minority Interest	67M	64.67M	54.39M	49.57M	36.36M
Total Equity	2.66B	2.62B	3.17B	3.57B	3.7B
Total Liabilities And Equity	7.02B	8.34B	9.05B	9.94B	9.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	241M	241M	241M	240M	240M
ECS Total Common Shares Outstanding	241M	241M	241M	240M	240M
Book Value / Share	10.77	10.63	12.93	14.64	15.23
Tangible Book Value	2.28B	2.25B	2.81B	3.21B	3.31B
Tangible Book Value Per Share	9.45	9.34	11.67	13.36	13.79
Total Debt	1.72B	2.42B	2.15B	2.34B	2.75B
Net Debt	1.44B	1.41B	960M	1.1B	1.23B
Debt Equivalent of Unfunded Proj. Benefit Obligation	392M	426M	386M	282M	314M
Minority Interest, Total (Incl. Fin. Div)	67M	64.67M	54.39M	49.57M	36.36M
Equity Method Investments, Total	151M	140M	155M	159M	315M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	87.03M	102M	111M	126M	133M
Inventories - Work In Process, Total	1.45M	7.5M	-10.63M	11.69M	6.06M
Inventories - Finished Goods, Total	2.47B	2.71B	2.87B	3.39B	2.84B
Inventories - Others	6.17M	7.22M	12.06M	4.1M	6.53M
Land - (BS)	1.24B	1.24B	1.38B	1.45B	1.5B
Machinery, Total	2.66B	2.74B	2.98B	3.17B	3.24B
Full Time Employees	10.96K	10.58K	11.05K	11.56K	11.75K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	22.98M	22.32M	18.77M	17.89M	16.34M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	288M	131M	619M	570M	385M
Depreciation & Amortization - CF	208M	233M	248M	259M	272M
Amortization of Goodwill and Intangible Assets - (CF)	15.62M	14.24M	13.58M	9.92M	7.13M
Depreciation & Amortization, Total	223M	247M	262M	269M	279M
Amortization of Deferred Charges, Total - (CF)	20.59M	20.98M	17.54M	17.34M	19.19M
(Gain) Loss From Sale Of Asset	-8.03M	-760K	-1.76M	-7.73M	5.54M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	811K	444K
Asset Writedown & Restructuring Costs	23.6M	87.54M	48.5M	24.93M	45.79M
(Income) Loss On Equity Investments - (CF)	-8.7M	5.33M	-17.35M	-13.47M	-399K
Stock-Based Compensation (CF)	8.21M	10.11M	14.26M	11.82M	14.12M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	10.72M	131M	149M	104M	-52.92M
Change In Accounts Receivable	-271M	-238M	-171M	-28.66M	458M
Change In Inventories	-154M	-256M	-151M	-525M	544M
Change In Accounts Payable	384M	531M	450M	367M	-511M
Change in Other Net Operating Assets	-36.55M	-142M	39.57M	-156M	-144M
Cash from Operations	479M	528M	1.26B	634M	1.04B
Capital Expenditure	-529M	-391M	-380M	-459M	-807M
Sale of Property, Plant, and Equipment	11.78M	1.48M	1.99M	6.13M	9.67M
Cash Acquisitions	-188M	-156K	-53.87M	-	-
Divestitures	910K	518K	1.42M	6.21M	9.1M
Sale (Purchase) of Intangible assets	-49.03M	-37.44M	-36.23M	-32.37M	-77.27M
Investment in Marketable and Equity Securities, Total	-2.38M	-1.63M	-5.01M	-	-83.45M
Net (Increase) Decrease in Loans Originated / Sold - Investing	6.32M	-752K	-170K	-1.88M	727K
Other Investing Activities, Total	-2K	1K	-	-	-
Cash from Investing	-750M	-429M	-471M	-481M	-949M
Long-Term Debt Issued, Total	517M	806M	-	215M	399M
Total Debt Issued	517M	806M	-	215M	399M
Long-Term Debt Repaid, Total	-16.54M	-19.8M	-351M	-20.05M	-20.06M
Total Debt Repaid	-16.54M	-19.8M	-351M	-20.05M	-20.06M
Issuance of Common Stock	-	-	-	-	2.27M
Repurchase of Common Stock	-28.96M	-26.95M	-22.16M	-43.18M	-
Common Dividends Paid	-186M	-60.14M	-181M	-192M	-192M
Common & Preferred Stock Dividends Paid	-186M	-60.14M	-181M	-192M	-192M
Other Financing Activities, Total	-35.26M	-61.07M	-48.42M	-71.85M	-59.17M
Cash from Financing	250M	638M	-602M	-113M	129M
Foreign Exchange Rate Adjustments	3M	25.46M	-20.08M	14.16M	19.22M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	-17.88M	762M	165M	55.02M	242M
Supplemental Items
Cash Interest Paid	44.16M	59.69M	54.51M	70.16M	84.66M
Cash Income Tax Paid (Refund)	86.66M	78.96M	175M	216M	209M
Levered Free Cash Flow	-130M	107M	504M	88.54M	223M
Unlevered Free Cash Flow	-101M	146M	544M	139M	292M
Change In Net Working Capital	79.19M	-34.44M	-95.62M	192M	-463M
Net Debt Issued / Repaid	501M	786M	-351M	195M	378M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.66	3.41	6.56	5.53	4.03
Return on Total Capital	7.44	5.57	11	9.35	6.49
Return On Equity %	11.25	5.15	21.66	17	10.38
Return on Common Equity	11.06	5.07	21.83	17.19	10.73
Margin Analysis
Gross Profit Margin %	6.15	5.31	6.52	6.55	8.32
EBITDA Margin %	3.97	3.12	4.8	4.28	4.93
EBITA Margin %	2.87	2.09	3.85	3.34	3.55
EBIT Margin %	2.78	2.03	3.79	3.3	3.51
Income From Continuing Operations Margin %	1.71	0.66	2.61	2.25	2.06
Net Income Margin %	1.64	0.63	2.57	2.24	2.11
Net Avail. For Common Margin %	1.64	0.63	2.57	2.24	2.11
Normalized Net Income Margin	1.44	0.84	2.15	1.77	1.88
Levered Free Cash Flow Margin	-0.74	0.52	2.09	0.35	1.22
Unlevered Free Cash Flow Margin	-0.58	0.7	2.26	0.55	1.6
Asset Turnover
Asset Turnover	2.68	2.7	2.77	2.68	1.84
Fixed Assets Turnover	9.47	9.73	10.66	10.42	6.56
Receivables Turnover (Average Receivables)	17.31	16.61	17.69	19.05	16.14
Inventory Turnover (Average Inventory)	6.88	7.57	8.05	7.59	5.37
Short Term Liquidity
Current Ratio	1.57	1.62	1.71	1.58	1.62
Quick Ratio	0.62	0.77	0.82	0.71	0.78
Operating Cash Flow to Current Liabilities	0.18	0.16	0.36	0.15	0.29
Days Sales Outstanding (Average Receivables)	21.08	22.03	20.64	19.16	22.62
Days Outstanding Inventory (Average Inventory)	53.03	48.33	45.33	48.06	67.99
Average Days Payable Outstanding	28.29	30.96	32.98	33.39	45.28
Cash Conversion Cycle (Average Days)	45.82	39.4	32.99	33.84	45.33
Long Term Solvency
Total Debt/Equity	64.47	92.47	68.04	65.72	74.33
Total Debt / Total Capital	39.2	48.04	40.49	39.66	42.64
LT Debt/Equity	43.27	65.04	54.43	45.6	54.62
Long-Term Debt / Total Capital	26.31	33.79	32.39	27.52	31.33
Total Liabilities / Total Assets	62.12	68.57	64.98	64.13	62.9
EBIT / Interest Expense