Cash flow UniCredit S.p.A.

Equities

UCG

IT0005239360

Banks

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-09-17 am EDT			After market 04:00:00 pm
37.46 ^EUR	+0.97%		37.52	+0.16%

10:16pm	German ministry denies report it is committed to selling Commerzbank stake	RE
09:50pm	German government should hold onto Commerzbank stake and reflect calmly, CFO says	RE

9544f67fc.CIjkbozm6PS5aVI22X1noOEdmAkOHGN-v2ZiGl7SbGA.JdLVGOC_n8L9Xih4kDYR9qdP8n9lcQtJ5j9XKjqbCyw4upIdv7awxegQFw

Published financial data: UNICREDIT S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	14.79B	13.18B	12.7B	16.34B	33.92B
Interest Income On Investments	295M	208M	351M	437M	305M
Interest Income, Total	15.09B	13.39B	13.05B	16.78B	34.22B
Interest On Deposits	4.52B	3.68B	3.61B	5.72B	19.57B
Interest Expense, Total	4.52B	3.68B	3.61B	5.72B	19.57B
Net Interest Income	10.57B	9.7B	9.44B	11.06B	14.65B
Income From Trading Activities	1.3B	678M	1.47B	859M	2.26B
Gain (Loss) on Sale of Loans	138M	80M	53M	133M	199M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	224M	-456M	-1.8B	996M	112M
Total Other Non Interest Income	6.34B	5.88B	6.75B	7.05B	6.39B
Non Interest Income, Total	8B	6.18B	6.48B	9.04B	8.96B
Revenues Before Provison For Loan Losses	18.57B	15.89B	15.92B	20.1B	23.62B
Provision For Loan Losses	3.48B	4.1B	2.17B	2.03B	661M
Total Revenues	15.09B	11.78B	13.75B	18.07B	22.96B
Salaries And Other Employee Benefits	6.08B	5.92B	5.95B	5.91B	5.9B
Amort. of Goodwill & Intang. Assets	245M	410M	485M	514M	429M
Occupancy Expense	840M	794M	777M	759M	683M
Selling General & Admin Expenses, Total	3.52B	3.53B	3.69B	3.52B	3.4B
(Income) Loss on Equity Invest.	-	-	-	-	-
Total Other Non Interest Expense	51M	395M	-61M	-122M	-426M
Non Interest Expense, Total	10.73B	11.04B	10.84B	10.58B	10B
EBT, Excl. Unusual Items	4.36B	740M	2.91B	7.49B	12.96B
Restructuring Charges	-665M	-1.46B	-1.34B	-324M	-1.06B
Impairment of Goodwill	-	-886M	-	-	-
Asset Writedown	-928M	-267M	-108M	-42M	-448M
Legal Settlements	270M	-98M	-281M	-24M	-70M
Other Unusual Items	-11M	-529M	50M	191M	66M
EBT, Incl. Unusual Items	3.02B	-2.5B	1.24B	7.29B	11.45B
Income Tax Expense	862M	322M	-331M	819M	1.92B
Earnings From Continuing Operations	2.16B	-2.83B	1.57B	6.47B	9.53B
Earnings Of Discontinued Operations	1.33B	49M	4M	3M	-
Net Income to Company	3.49B	-2.78B	1.57B	6.47B	9.53B
Minority Interest	-118M	-7M	-30M	-15M	-27M
Net Income - (IS)	3.37B	-2.78B	1.54B	6.46B	9.51B
Preferred Dividend and Other Adjustments	124M	122M	30M	74M	175M
Net Income to Common Incl Extra Items	3.25B	-2.91B	1.51B	6.38B	9.33B
Net Income to Common Excl. Extra Items	1.92B	-2.96B	1.51B	6.38B	9.33B
Per Share Items
Net EPS - Basic	1.46	-1.31	0.68	3.08	5.11
Basic EPS - Continuing Operations	0.86	-1.33	0.68	3.08	5.11
Basic Weighted Average Shares Outstanding	2.22B	2.23B	2.22B	2.07B	1.83B
Net EPS - Diluted	1.45	-1.31	0.67	3.06	5.04
Diluted EPS - Continuing Operations	0.86	-1.33	0.67	3.05	5.04
Diluted Weighted Average Shares Outstanding	2.24B	2.23B	2.24B	2.09B	1.85B
Normalized Basic EPS	1.17	0.2	0.81	2.25	4.42
Normalized Diluted EPS	1.16	0.2	0.8	2.23	4.36
Dividend Per Share	-	0.12	0.54	0.99	1.8
Payout Ratio	38.75	-20.79	50.26	26.35	25.67
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
Effective Tax Rate - (Ratio)	28.53	-12.85	-26.8	11.24	16.74
Total Current Taxes	1.04B	-551M	-355M	1.08B	1.02B
Total Deferred Taxes	-175M	873M	24M	-260M	894M
Normalized Net Income	2.6B	456M	1.79B	4.66B	8.07B
Non-Cash Pension Expense	67M	62M	12M	52M	117M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	69M	53M	69M	57M	76M
Total Stock-Based Compensation	69M	53M	69M	57M	76M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	17.49B	102B	108B	112B	61.11B
Investment Securities, Total	202B	164B	137B	122B	136B
Trading Asset Securities, Total	75.48B	82.33B	86.6B	62.7B	56.76B
Total investments	278B	246B	223B	185B	193B
Gross Loans	506B	506B	502B	518B	497B
Allowance For Loan Losses	-19.02B	-16.84B	-13.16B	-11.89B	-10.35B
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	487B	489B	489B	506B	487B
Gross Property Plant And Equipment	13.1B	12.81B	15.48B	15.79B	15.38B
Accumulated Depreciation	-4.34B	-4.59B	-7.6B	-8.01B	-8.15B
Net Property Plant And Equipment	8.76B	8.22B	7.88B	7.78B	7.22B
Goodwill	886M	0	0	0	-
Other Intangibles, Total	1.91B	2.12B	2.21B	2.35B	2.27B
Investment in Real Estate	1.3B	1.09B	986M	885M	864M
Accrued Interest Receivable	745M	723M	722M	833M	848M
Other Receivables	2.4B	3.19B	4.02B	5.02B	7.92B
Restricted Cash	37.36B	60.2B	50.95B	19.42B	7.81B
Other Current Assets, Total	2.55B	2.05B	14.41B	1.33B	487M
Deferred Tax Assets Long-Term (Collected)	12.13B	11.36B	11.6B	11.85B	10.75B
Other Real Estate Owned And Foreclosed	1.03B	627M	44M	499M	540M
Other Long-Term Assets, Total	4.37B	4.13B	4.19B	5.01B	5.18B
Total Assets	856B	931B	917B	858B	785B
Liabilities
Accounts Payable, Total	1.27B	991M	1.05B	1.28B	990M
Accrued Expenses, Total	4.89B	5.37B	6.65B	5.44B	5.95B
Interest Bearing Deposits	146B	177B	176B	176B	128B
Non-Interest Bearing Deposits	360B	407B	431B	414B	381B
Total Deposits	506B	584B	607B	590B	509B
Short-Term Borrowings	123B	116B	80.56B	54.36B	38.46B
Current Portion of Leases	353M	380M	378M	353M	360M
Long-Term Debt	124B	132B	124B	114B	121B
Long-Term Leases	2.05B	1.94B	1.68B	1.5B	1.34B
Current Income Taxes Payable	685M	792M	627M	1.14B	1.19B
Accrued Interest Payable	181M	109M	73M	209M	228M
Other Current Liabilities - (Bank / Utility Template)	14.35B	13.5B	17.34B	12.69B	28.96B
Pension & Other Post Retirement Benefits	6.28B	6.27B	5.25B	3.33B	3.42B
Deferred Tax Liability Non-Current	693M	566M	588M	540M	292M
Other Non Current Liabilities	10.15B	9.99B	10.04B	9.75B	9.39B
Total Liabilities	794B	872B	855B	794B	721B
Common Stock, Total	21B	21.06B	21.13B	21.22B	21.28B
Additional Paid In Capital	13.22B	9.39B	5.45B	2.52B	23M
Retained Earnings	20.21B	20.67B	24.45B	30.18B	34.97B
Treasury Stock	-3M	-3M	-200M	-	-1.73B
Comprehensive Income and Other	6.99B	8.39B	10.8B	9.42B	9.53B
Total Common Equity	61.42B	59.51B	61.63B	63.34B	64.08B
Minority Interest	369M	435M	465M	158M	164M
Total Equity	61.78B	59.94B	62.09B	63.5B	64.24B
Total Liabilities And Equity	856B	931B	917B	858B	785B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.22B	2.24B	2.21B	1.94B	1.71B
ECS Total Common Shares Outstanding	-	2.24B	2.21B	1.94B	1.71B
Book Value / Share	27.62	26.6	27.87	32.73	37.42
Tangible Book Value	58.62B	57.39B	59.42B	60.99B	61.81B
Tangible Book Value Per Share	26.36	25.65	26.87	31.51	36.09
Total Debt	249B	250B	206B	170B	161B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.59B	5.66B	4.71B	2.93B	3.06B
Net Debt	57.92B	-2.13B	-32.92B	-49.94B	-6.14B
Equity Method Investments, Total	4.79B	4.35B	4.07B	3.45B	3.92B
Full Time Employees	84.24K	82.11K	78.57K	75.04K	70.75K
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.37B	-2.78B	1.54B	6.46B	9.51B
Depreciation, Depletion & Amortization	845M	786M	748M	722M	559M
Amortization of Goodwill and Intangible Assets - (CF)	127M	129M	1M	2M	2M
Total Depreciation, Depletion & Amortization	972M	915M	749M	724M	561M
Amortization of Deferred Charges, Total	319M	299M	497M	500M	427M
(Gain) Loss On Sale of Asset - (CF)	69M	122M	-	-	157M
(Gain) Loss on Sale of Investments - (CF)	529M	-399M	-2.87B	-4.89B	907M
Total Asset Writedown	6.1B	84M	171M	79M	363M
Restructuring Activities	-	-	80M	-	117M
Provision for Credit Losses	-	7.01B	4.25B	4.67B	3.15B
Change in Trading Asset Securities	14.4B	7.97B	3.95B	37.42B	-12.21B
Change in Other Net Operating Assets (Collected)	-41.75B	66.87B	-18.89B	-35.94B	-47.09B
Other Operating Activities	1.02B	3.22B	3B	1.24B	2.98B
Net Cash From Discontinued Operations	-1.24B	19M	-	-	-
Cash from Operations	-16.21B	83.32B	-7.52B	10.26B	-41.13B
Capital Expenditure	-1.54B	-730M	-522M	-517M	-589M
Sale of Property, Plant, and Equipment	2.98B	1.42B	392M	393M	272M
Cash Acquisitions	-	-16M	-99M	-	-
Divestitures	1.12B	39M	29M	24M	3M
Purchase / Sale of Intangible Assets	-631M	-700M	-715M	-653M	-561M
Investment in Marketable and Equity Securities, Total	824M	498M	66M	380M	-18M
Other Investing Activities, Total	64M	61M	150M	136M	106M
Cash from Investing	2.82B	569M	-699M	-237M	-787M
Issuance of Common Stock	992M	1.24B	-	-	-
Repurchase of Common Stock	-	-	-634M	-3.54B	-6.01B
Common Dividends Paid	-1.31B	-579M	-774M	-1.7B	-2.44B
Common & Preferred Stock Dividends Paid	-1.31B	-579M	-774M	-1.7B	-2.44B
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-306M	-
Cash from Financing	-315M	660M	-1.41B	-5.55B	-8.45B
Foreign Exchange Rate Adjustments	21M	-150M	32M	-107M	-408M
Net Change in Cash	-13.69B	84.4B	-9.6B	4.37B	-50.78B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.26	-0.32	0.17	0.73	1.16
Return On Equity %	3.62	-4.64	2.57	10.26	14.93
Return on Common Equity	3.25	-4.89	2.49	10.17	14.65
Shareholders Value Added	-3.15B	-9B	-4.89B	-869M	2.53B
Margin Analysis
SG&A Margin	69.18	86.89	75.75	56.39	43.52
Net Interest Income / Total Revenues %	70.03	82.35	68.67	61.22	63.83
EBT Excl. Non-Recurring Items Margin %	28.86	6.28	21.16	41.44	56.46
Income From Continuing Operations Margin %	14.31	-23.99	11.39	35.81	41.53
Net Income Margin %	22.35	-23.63	11.2	35.74	41.41
Net Avail. For Common Margin %	12.7	-25.08	10.95	35.31	40.65
Normalized Net Income Margin	17.26	3.86	13.01	25.82	35.17
Asset quality
Nonperforming Loans / Total Loans %	5	4.2	3.24	2.42	2.35
Nonperforming Loans / Total Assets %	2.96	2.28	1.77	1.46	1.49
Nonperforming Assets / Total Assets %	3.08	2.35	1.78	1.52	1.56
NPAs / Loans and OREO	5.19	4.32	3.25	2.52	2.46
NPAs / Equity	42.61	36.49	26.27	20.55	19.04
Allowance for Credit Losses / Nonperforming Loans %	75.21	79.28	80.93	94.72	88.52
Allowance for Credit Losses / Total Loans %	3.76	3.33	2.62	2.3	2.08
Capital And Funding
Total Average Common Equity / Total Average Assets %	6.98	6.77	6.55	7.07	7.76
Total Average Equity / Total Average Assets %	7.06	6.81	6.6	7.11	7.78
Total Equity + Allowance for Loan Losses / Total Loans %	15.9	15.08	14.9	14.53	14.97
Gross Loans / Total Deposits %	99.97	86.73	82.78	87.76	97.62
Net Loans / Total Deposits %	96.21	83.84	80.61	85.74	95.58
Tier 1 Capital Ratio %	14.9	18.22	17.94	18.65	17.84
Total Capital Ratio %	17.69	20.72	20.14	21.42	20.9
Core Tier 1 Capital Ratio	13.22	15.96	15.82	16.68	16.14
Tier 2 Capital Ratio	2.79	2.5	2.2	2.77	3.06
Coverage Ratio	75.21	79.28	80.93	94.72	88.52
Interbank Ratio	69.37	67.07	59.47	77.64	80.16
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.67	0.32	1.34	2.28	1.59
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-5.35	-8.16	-2.71	17.15	32.47
Non Interest Income, 1 Yr. Growth %	5.42	-22.69	4.69	39.6	-0.82
Provision For Loan Losses, 1 Yr. Growth %	31	18.03	-53.3	24.6	-67.45
Total Revenues, 1 Yr. Growth %	-6.27	-2