Cash flow VINCI

Equities

DG

FR0000125486

Construction & Engineering

Market Closed - Euronext Paris Other stock markets 11:35:29 2024-12-03 am EST			5-day change	1st Jan Change
97.16 ^EUR	-0.10%		-3.23%	-14.55%

Nov. 29	Vinci Unit Completes Upgrade of Brazilian Airports	MT
Nov. 29	Vinci: modernization of seven Brazilian airports completed	CF

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Published financial data: VINCI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	48.75B	43.93B	49.98B	62.26B	69.62B
Other Revenues, Total	198M	188M	248M	249M	267M
Total Revenues	48.95B	44.12B	50.23B	62.51B	69.88B
Cost of Goods Sold, Total	41.04B	39.28B	43.42B	53.29B	58.16B
Gross Profit	7.92B	4.84B	6.81B	9.22B	11.72B
Selling General & Admin Expenses, Total	1.02B	892M	995M	1.19B	2.1B
Stock-Based Compensation (IS)	291M	239M	288M	356M	360M
Other Operating Expenses	1.14B	1.07B	1.09B	1.23B	1.23B
Other Operating Expenses, Total	2.45B	2.2B	2.37B	2.78B	3.69B
Operating Income	5.46B	2.64B	4.44B	6.44B	8.03B
Interest Expense, Total	-753M	-756M	-720M	-810M	-1.54B
Interest And Investment Income	266M	248M	292M	269M	469M
Net Interest Expenses	-487M	-508M	-428M	-541M	-1.07B
Income (Loss) On Equity Invest.	212M	-146M	12M	22M	111M
Currency Exchange Gains (Loss)	8M	-15M	66M	25M	38M
Other Non Operating Income (Expenses)	-112M	-98M	-242M	-30M	71M
EBT, Excl. Unusual Items	5.08B	1.88B	3.85B	5.92B	7.19B
Restructuring Charges	-	-95M	-	-	-
Impairment of Goodwill	-21M	-95M	-19M	-	-8M
Gain (Loss) On Sale Of Investments	-	-	-	94M	-63M
Other Unusual Items	-19M	138M	-7M	139M	-97M
EBT, Incl. Unusual Items	5.04B	1.82B	3.82B	6.15B	7.02B
Income Tax Expense	1.63B	807M	1.62B	1.74B	1.92B
Earnings From Continuing Operations	3.41B	1.02B	2.2B	4.42B	5.1B
Net Income to Company	3.41B	1.02B	2.2B	4.42B	5.1B
Minority Interest	-148M	226M	402M	-157M	-400M
Net Income - (IS)	3.26B	1.24B	2.6B	4.26B	4.7B
Net Income to Common Incl Extra Items	3.26B	1.24B	2.6B	4.26B	4.7B
Net Income to Common Excl. Extra Items	3.26B	1.24B	2.6B	4.26B	4.7B
Per Share Items
Net EPS - Basic	5.88	2.23	4.56	7.55	8.28
Basic EPS - Continuing Operations	5.88	2.23	4.56	7.55	8.28
Basic Weighted Average Shares Outstanding	555M	558M	570M	564M	568M
Net EPS - Diluted	5.82	2.2	4.51	7.47	8.18
Diluted EPS - Continuing Operations	5.82	2.2	4.51	7.47	8.18
Diluted Weighted Average Shares Outstanding	560M	563M	576M	571M	575M
Normalized Basic EPS	5.46	2.51	4.93	6.28	7.2
Normalized Diluted EPS	5.4	2.48	4.87	6.21	7.11
Dividend Per Share	2.04	2.04	2.9	4	4.5
Payout Ratio	46.13	55.88	58.84	42.97	48.77
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	7.95B	5.18B	6.98B	9.38B	11.1B
EBITA	6.85B	3.99B	5.8B	8.06B	9.78B
EBIT	5.46B	2.64B	4.44B	6.44B	8.03B
EBITDAR	8.94B	6.06B	7.96B	10.56B	13.17B
Effective Tax Rate - (Ratio)	32.41	44.27	42.54	28.23	27.31
Total Current Taxes	1.79B	844M	1.51B	1.81B	2.33B
Total Deferred Taxes	-157M	-37M	116M	-72M	-415M
Normalized Net Income	3.03B	1.4B	2.81B	3.54B	4.09B
Interest Capitalized	41M	40M	47M	29M	118M
Interest on Long-Term Debt	81M	82M	90M	77M	185M
Non-Cash Pension Expense	25M	4M	12M	-8M	11M
Supplemental Operating Expense Items
Net Rental Expense, Total	989M	877M	981M	1.18B	2.07B
Imputed Operating Lease Interest Expense	217M	168M	180M	232M	790M
Imputed Operating Lease Depreciation	772M	709M	801M	946M	1.28B
Stock-Based Comp., Other (Total)	291M	239M	288M	356M	360M
Total Stock-Based Compensation	291M	239M	288M	356M	360M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.26B	11.76B	11.06B	12.58B	15.63B
Short Term Investments	287M	137M	200M	755M	545M
Total Cash And Short Term Investments	8.54B	11.9B	11.26B	13.33B	16.17B
Accounts Receivable, Total	7.69B	6.23B	7.64B	8.59B	18.7B
Other Receivables	7B	6.53B	8.15B	9.76B	351M
Notes Receivable	47M	12M	78M	29M	54M
Total Receivables	14.74B	12.77B	15.88B	18.38B	19.1B
Inventory	1.43B	1.43B	1.59B	1.78B	1.88B
Other Current Assets, Total	5.51B	5.94B	6.92B	8.2B	8.62B
Total Current Assets	30.23B	32.04B	35.65B	41.7B	45.77B
Gross Property Plant And Equipment	20.94B	21.73B	23.93B	25.3B	28.5B
Accumulated Depreciation	-10.81B	-11.97B	-13.63B	-14.49B	-15.49B
Net Property Plant And Equipment	10.13B	9.76B	10.3B	10.8B	13.01B
Long-term Investments	2.03B	1.99B	2.03B	2.21B	2.51B
Goodwill	11.65B	11.62B	16.47B	17.36B	17.58B
Other Intangibles, Total	34.28B	32.73B	32.92B	37.27B	37.04B
Loans Receivable Long-Term	318M	259M	432M	510M	432M
Deferred Tax Assets Long-Term	370M	493M	708M	883M	1.12B
Other Long-Term Assets, Total	2.1B	2.28B	1.52B	1.26B	1.1B
Total Assets	91.1B	91.16B	100B	112B	119B
Liabilities
Accounts Payable, Total	8.51B	8.88B	12.03B	13.09B	13.57B
Accrued Expenses, Total	55M	60M	51M	53M	58M
Short-term Borrowings	1.79B	1.95B	1.97B	4.11B	3B
Current Portion of Long-Term Debt	2.82B	2.28B	4.04B	2.7B	2.43B
Current Portion of Leases	494M	501M	524M	522M	572M
Current Income Taxes Payable	292M	221M	360M	607M	594M
Other Current Liabilities	19.53B	19.58B	22.82B	27.19B	30.12B
Total Current Liabilities	33.5B	33.47B	41.79B	48.27B	50.34B
Long-Term Debt	26.85B	27.12B	25.39B	25.57B	27.09B
Long-Term Leases	1.31B	1.41B	1.57B	1.58B	1.68B
Pension & Other Post Retirement Benefits	1.91B	1.73B	1.46B	1.15B	1.18B
Deferred Tax Liability Non Current	2.7B	2.61B	2.98B	4.16B	4.03B
Other Non Current Liabilities	1.79B	1.81B	2.06B	1.86B	2.2B
Total Liabilities	68.06B	68.14B	75.25B	82.58B	86.52B
Common Stock, Total	1.51B	1.47B	1.48B	1.47B	1.47B
Additional Paid In Capital	10.88B	11.53B	12.24B	12.72B	13.41B
Retained Earnings	3.26B	1.24B	2.6B	4.26B	4.7B
Treasury Stock	-3.08B	-2.11B	-1.97B	-2.09B	-1.42B
Comprehensive Income and Other	7.87B	8.73B	8.53B	9.58B	9.95B
Total Common Equity	20.44B	20.86B	22.88B	25.94B	28.11B
Minority Interest	2.6B	2.16B	1.89B	3.47B	3.93B
Total Equity	23.04B	23.02B	24.77B	29.41B	32.04B
Total Liabilities And Equity	91.1B	91.16B	100B	112B	119B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	555M	562M	568M	564M	571M
ECS Total Common Shares Outstanding	555M	562M	568M	564M	571M
Book Value / Share	36.84	37.12	40.31	46.02	49.25
Tangible Book Value	-25.49B	-23.49B	-26.51B	-28.69B	-26.5B
Tangible Book Value Per Share	-45.95	-41.79	-46.7	-50.91	-46.43
Total Debt	33.27B	33.25B	33.5B	34.48B	34.77B
Net Debt	24.72B	21.35B	22.23B	21.15B	18.6B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.85B	1.68B	1.25B	841M	956M
Debt Equivalent Oper. Leases	7.91B	7.02B	7.85B	9.42B	16.54B
Minority Interest, Total (Incl. Fin. Div)	2.6B	2.16B	1.89B	3.47B	3.93B
Equity Method Investments, Total	1.87B	1.04B	950M	1.01B	1.27B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.27B	1.23B	1.4B	1.58B	1.68B
Buildings, Total	3.46B	3.61B	3.94B	4.37B	4.8B
Machinery, Total	9.16B	9.27B	10.27B	10.73B	12.86B
Full Time Employees	219K	219K	219K	265K	279K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	612M	653M	734M	709M	736M
Order Backlog	37.6B	43.5B	54.1B	58.5B	62.3B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.26B	1.24B	2.6B	4.26B	4.7B
Depreciation & Amortization - CF	1.65B	1.78B	1.79B	1.94B	1.99B
Amortization of Goodwill and Intangible Assets - (CF)	1.39B	1.34B	1.36B	1.62B	1.75B
Depreciation & Amortization, Total	3.04B	3.12B	3.15B	3.56B	3.74B
Amortization of Deferred Charges, Total - (CF)	-	50M	70M	55M	63M
(Gain) Loss From Sale Of Asset	-67M	-147M	-27M	-68M	35M
Asset Writedown & Restructuring Costs	21M	95M	19M	-	8M
(Income) Loss On Equity Investments - (CF)	-218M	142M	-18M	-42M	-142M
Stock-Based Compensation (CF)	64M	89M	84M	162M	131M
Other Operating Activities, Total	562M	-247M	353M	1.07B	544M
Change In Accounts Receivable	-609M	2.01B	-490M	-2.07B	-311M
Change In Inventories	-213M	-6M	-20M	-167M	-59M
Change In Accounts Payable	111M	292M	888M	1.03B	159M
Change in Other Net Operating Assets	1.14B	38M	1.2B	1.6B	1.67B
Cash from Operations	7.09B	6.68B	7.81B	9.39B	10.54B
Capital Expenditure	-1.36B	-1.12B	-1.21B	-2.62B	-2.25B
Sale of Property, Plant, and Equipment	117M	124M	137M	165M	148M
Cash Acquisitions	-3.61B	-302M	-3.94B	-1.99B	-507M
Divestitures	43M	25M	9M	23M	110M
Sale (Purchase) of Intangible assets	-1.03B	-1.04B	-849M	-880M	-1.08B
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-34M	-42M	33M	44M	-49M
Other Investing Activities, Total	-91M	-87M	-82M	-58M	-347M
Cash from Investing	-5.97B	-2.44B	-5.9B	-5.32B	-3.98B
Long-Term Debt Issued, Total	4.63B	2.35B	1.79B	2.79B	3B
Total Debt Issued	4.63B	2.35B	1.79B	2.79B	3B
Long-Term Debt Repaid, Total	-2.91B	-2.74B	-2.83B	-4.31B	-2.86B
Total Debt Repaid	-2.91B	-2.74B	-2.83B	-4.31B	-2.86B
Issuance of Common Stock	560M	669M	739M	491M	709M
Repurchase of Common Stock	-903M	-336M	-602M	-1.1B	-397M
Common Dividends Paid	-1.5B	-694M	-1.53B	-1.83B	-2.29B
Common & Preferred Stock Dividends Paid	-1.5B	-694M	-1.53B	-1.83B	-2.29B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-525M	713M	-833M	1.13B	-1.6B
Cash from Financing	-656M	-42M	-3.26B	-2.84B	-3.43B
Miscellaneous Cash Flow Adjustments	102M	-111M	117M	73M	76M
Net Change in Cash	564M	4.08B	-1.24B	1.31B	3.21B
Supplemental Items
Cash Income Tax Paid (Refund)	1.55B	1.05B	1.21B	1.6B	2.29B
Levered Free Cash Flow	4.66B	4.33B	6.04B	5.76B	7.06B
Unlevered Free Cash Flow	5.13B	4.8B	6.49B	6.26B	8.02B
Change In Net Working Capital	-781M	-1.9B	-2.27B	-1.77B	-2.17B
Net Debt Issued / Repaid	1.72B	-394M	-1.04B	-1.53B	146M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.1	1.81	2.9	3.79	4.36
Return on Total Capital	6.78	2.93	4.84	6.58	7.68
Return On Equity %	15.9	4.41	9.16	16.3	16.61
Return on Common Equity	16.46	6.01	11.83	17.45	17.4
Margin Analysis
Gross Profit Margin %	16.17	10.97	13.56	14.76	16.77
SG&A Margin	2.08	2.02	1.98	1.91	3
EBITDA Margin %	16.25	11.74	13.9	15	15.89
EBITA Margin %	14	9.04	11.55	12.89	14
EBIT Margin %	11.16	5.99	8.84	10.31	11.5
Income From Continuing Operations Margin %	6.96	2.3	4.37	7.06	7.3
Net Income Margin %	6.66	2.82	5.17	6.81	6.73
Net Avail. For Common Margin %	6.66	2.82	5.17	6.81	6.73
Normalized Net Income Margin	6.19	3.17	5.59	5.67	5.86
Levered Free Cash Flow Margin	9.52	9.81	12.03	9.21	10.1
Unlevered Free Cash Flow Margin	10.48	10.88	12.92	10.02	11.47
Asset Turnover
Asset Turnover	0.59	0.48	0.53	0.59	0.61
Fixed Assets Turnover	6.32	4.42	5.01	5.92	5.87
Receivables Turnover (Average Receivables)	6.62	6.31	7.21	7.54	3.78
Inventory Turnover (Average Inventory)	31.48	27.45	28.77	31.57	31.76
Short Term Liquidity
Current Ratio	0.9	0.96	0.85	0.86	0.91
Quick Ratio	0.69	0.74	0.65	0.66	0.7
Operating Cash Flow to Current Liabilities	0.21	0.2	0.19	0.19	0.21
Days Sales Outstanding (Average Receivables)	55.14	57.99	50.65	48.39	96.44
Days Outstanding Inventory (Average Inventory)	11.59	13.33	12.69	11.56	11.49
Average Days Payable Outstanding	74.04	81.03	87.53	85.7	83.52
Cash Conversion Cycle (Average Days)	-7.3	-9.71	-24.19	-25.75	24.42
Long Term Solvency
Total Debt/Equity	144.38	144.43	135.24	117.24	108.51
Total Debt / Total Capital	59.08	59.09	57.49	53.97	52.04
LT Debt/Equity	122.21	123.89	108.86	92.32	89.78
Long-Term Debt / Total Capital	50.01	50.69	46.28	42.49	43.05
Total Liabilities / Total Assets	74.71	74.74	75.24	73.74	72.97
EBIT / Interest Expense	7.25	3.49	6.16	7.96	5.23
EBITDA / Interest Expense	11.29	7.62	10.54	12.35	7.66
(EBITDA - Capex) / Interest Expense	9.48	6.15	8.85	9.11	6.2
Total Debt / EBITDA	3.91	5.77	4.42	3.45	2.95
Net Debt / EBITDA	2.91