Cash flow Vodafone Group Plc

Equities

VOD

GB00BH4HKS39

Wireless Telecommunications Services

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02:16am	Vodafone Business IoT Expands Middle East Reach via Partnership with Mobily	RE
12:00am	Italy - Factors to watch on Feb. 10	RE

27cf06b9b8ad7c9.Tr4Qxmxw_BriZbfu5rQfwYY6uA2kyEOD8aG9u7g1OCQ.JohbszsdtG-UXIW2qv9SprV9_UPppRzSwuXv4_FWchA5y0KeLxyjbJAk0A

Published financial data: VODAFONE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	44.97B	43.81B	45.58B	45.71B	36.72B
Total Revenues	44.97B	43.81B	45.58B	45.71B	36.72B
Cost of Goods Sold, Total	30.68B	30.09B	30.57B	30.85B	24.46B
Gross Profit	14.29B	13.72B	15.01B	14.86B	12.26B
Selling General & Admin Expenses, Total	9.62B	8.87B	9.07B	9.42B	8.44B
Provision for Bad Debts	-	-	-	606M	-
Other Operating Expenses	301M	1.43B	568M	367M	342M
Other Operating Expenses, Total	9.92B	10.3B	9.64B	10.39B	8.78B
Operating Income	4.37B	3.42B	5.37B	4.46B	3.47B
Interest Expense, Total	-2.22B	-2.07B	-1.98B	-2.02B	-2.35B
Interest And Investment Income	248M	330M	254M	248M	581M
Net Interest Expenses	-1.98B	-1.74B	-1.73B	-1.77B	-1.77B
Income (Loss) On Equity Invest.	-2.5B	342M	211M	424M	-123M
Currency Exchange Gains (Loss)	-144M	-20M	-308M	112M	-283M
Other Non Operating Income (Expenses)	-1.16B	1.07B	341M	423M	-100M
EBT, Excl. Unusual Items	-1.42B	3.06B	3.88B	3.65B	1.2B
Merger & Related Restructuring Charges	-46M	-	-	-	-
Impairment of Goodwill	-1.68B	-	-	-	-
Gain (Loss) On Sale Of Investments	-660M	-	-36M	-64M	64M
Gain (Loss) On Sale Of Assets	1.25B	-	110M	9.23B	-
Asset Writedown	-	-	-	-	360M
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.36B	1.34B	-	-	-
EBT, Incl. Unusual Items	795M	4.4B	3.95B	12.82B	1.62B
Income Tax Expense	1.25B	3.86B	1.33B	481M	50M
Earnings From Continuing Operations	-455M	536M	2.62B	12.34B	1.57B
Earnings Of Discontinued Operations	-	-	-	-	-65M
Net Income to Company	-455M	536M	2.62B	12.34B	1.5B
Minority Interest	-465M	-424M	-536M	-497M	-365M
Net Income - (IS)	-920M	112M	2.09B	11.84B	1.14B
Net Income to Common Incl Extra Items	-920M	112M	2.09B	11.84B	1.14B
Net Income to Common Excl. Extra Items	-920M	112M	2.09B	11.84B	1.2B
Per Share Items
Net EPS - Basic	-0.03	0	0.07	0.43	0.04
Basic EPS - Continuing Operations	-0.03	0	0.07	0.43	0.04
Basic Weighted Average Shares Outstanding	29.42B	29.59B	29.01B	27.68B	27.06B
Net EPS - Diluted	-0.03	0	0.07	0.43	0.04
Diluted EPS - Continuing Operations	-0.03	0	0.07	0.43	0.04
Diluted Weighted Average Shares Outstanding	29.42B	29.68B	29.11B	27.78B	27.15B
Normalized Basic EPS	-0.05	0.05	0.07	0.06	0.01
Normalized Diluted EPS	-0.05	0.05	0.06	0.06	0.01
Dividend Per Share	0.09	0.09	0.09	0.09	0.09
Payout Ratio	-249.57	2.17K	118.49	20.98	213.16
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	12.62B	11.4B	13B	11.77B	8.39B
EBITA	6.62B	5.63B	7.19B	6.15B	4.5B
EBIT	4.37B	3.42B	5.37B	4.46B	3.47B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	157.23	87.82	33.64	3.75	3.09
Current Domestic Taxes	36M	27M	39M	8M	71M
Current Foreign Taxes	980M	842M	1.07B	898M	695M
Total Current Taxes	1.02B	869M	1.11B	906M	766M
Deferred Domestic Taxes	-318M	-94M	-791M	-71M	-36M
Deferred Foreign Taxes	552M	3.09B	1.01B	-354M	-680M
Total Deferred Taxes	234M	3B	217M	-425M	-716M
Normalized Net Income	-1.35B	1.49B	1.89B	1.79B	382M
Interest Capitalized	-	17M	17M	5M	-
Interest on Long-Term Debt	330M	2.1B	1.94B	2.15B	2.04B
Non-Cash Pension Expense	9M	-6M	-67M	-7M	-8M
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.81B	3.52B	3.36B	3.33B	2.67B
General and Administrative Expenses	5.81B	5.35B	5.71B	6.09B	5.77B
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	134M	135M	119M	141M	125M
Total Stock-Based Compensation	134M	135M	119M	141M	125M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	13.28B	5.82B	7.5B	11.7B	6.18B
Short Term Investments	5.97B	6.05B	7.23B	6.78B	4.35B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	19.26B	11.87B	14.73B	18.48B	10.53B
Accounts Receivable, Total	7.64B	7.35B	7.46B	7.19B	5.92B
Other Receivables	1.15B	1.32B	1.16B	1.01B	762M
Total Receivables	8.78B	8.67B	8.63B	8.2B	6.69B
Inventory	585M	676M	836M	956M	568M
Prepaid Expenses	859M	1.08B	872M	835M	600M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	4.77B	5.97B	3.47B	2.19B	21.17B
Total Current Assets	34.25B	28.27B	28.54B	30.66B	39.56B
Gross Property Plant And Equipment	87.63B	90.86B	93.68B	88.56B	68.86B
Accumulated Depreciation	-48.43B	-49.62B	-52.88B	-50.56B	-40.36B
Net Property Plant And Equipment	39.2B	41.24B	40.8B	37.99B	28.5B
Long-term Investments	6.62B	5.6B	5.34B	12.17B	11.04B
Goodwill	31.27B	31.73B	31.88B	27.62B	24.96B
Other Intangibles, Total	22.25B	21.82B	21.36B	19.59B	13.9B
Accounts Receivable Long-Term	1.03B	962M	1.27B	1.15B	963M
Deferred Tax Assets Long-Term	23.61B	21.57B	19.09B	19.32B	20.18B
Deferred Charges Long-Term	628M	580M	630M	690M	676M
Other Long-Term Assets, Total	9.31B	3.3B	5.04B	6.33B	4.58B
Total Assets	168B	155B	154B	156B	144B
Liabilities
Accounts Payable, Total	6.65B	6.78B	7.37B	7.99B	5.96B
Accrued Expenses, Total	5.82B	6.54B	6.67B	5.83B	4.97B
Short-term Borrowings	5.7B	1.59B	5.29B	4.89B	2.63B
Current Portion of Long-Term Debt	5.58B	4.35B	4.6B	7.58B	3.83B
Current Portion of Leases	2.99B	3.12B	2.73B	3.05B	2.26B
Current Income Taxes Payable	671M	769M	864M	457M	393M
Unearned Revenue Current, Total	1.99B	1.97B	1.99B	2.04B	1.56B
Other Current Liabilities	4.11B	3.58B	4.13B	2.75B	8.6B
Total Current Liabilities	33.51B	28.71B	33.65B	34.58B	30.2B
Long-Term Debt	57.99B	53.28B	49.83B	42.47B	42.38B
Long-Term Leases	9.08B	9.91B	9.81B	10.32B	7.42B
Unearned Revenue Non Current	612M	519M	530M	500M	343M
Pension & Other Post Retirement Benefits	438M	513M	281M	258M	181M
Deferred Tax Liability Non Current	2.04B	2.1B	520M	771M	699M
Other Non Current Liabilities	1.87B	2.22B	2.36B	2.14B	2.13B
Total Liabilities	106B	97.25B	96.98B	91.04B	83.35B
Common Stock, Total	4.8B	4.8B	4.8B	4.8B	4.8B
Additional Paid In Capital	153B	151B	149B	149B	149B
Retained Earnings	-120B	-122B	-122B	-113B	-115B
Treasury Stock	-7.8B	-6.17B	-7.28B	-7.72B	-7.64B
Comprehensive Income and Other	32.14B	27.95B	30.27B	30.26B	28.2B
Total Common Equity	61.41B	55.8B	54.69B	63.4B	59.97B
Minority Interest	1.22B	2.01B	2.29B	1.08B	1.03B
Total Equity	62.62B	57.82B	56.98B	64.48B	61B
Total Liabilities And Equity	168B	155B	154B	156B	144B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.77B	28.22B	28.37B	26.99B	27.08B
ECS Total Common Shares Outstanding	26.77B	28.22B	28.37B	26.99B	27.08B
Book Value / Share	2.29	1.98	1.93	2.35	2.21
Tangible Book Value	7.89B	2.26B	1.44B	16.19B	21.11B
Tangible Book Value Per Share	0.29	0.08	0.05	0.6	0.78
Total Debt	81.34B	72.26B	72.26B	68.3B	58.51B
Net Debt	62.08B	60.39B	57.53B	49.81B	47.98B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-152M	453M	-274M	-71M	-76M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.22B	2.01B	2.29B	1.08B	1.03B
Equity Method Investments, Total	5.83B	4.67B	4.27B	11.08B	10.03B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	2.17B	2.3B	2.33B	1.99B	1.55B
Machinery, Total	68.11B	70.8B	73.97B	70.3B	55.18B
Full Time Employees	104K	105K	104K	104K	93K
Assets on Operating Lease - Gross	-	2.93B	3B	2.17B	1.62B
Assets on Operating Lease - Accumulated Depreciation	-	-1.83B	-2.05B	-1.39B	-1.04B
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-920M	112M	2.09B	11.84B	1.14B
Depreciation & Amortization - CF	9.72B	9.68B	9.72B	9.5B	6.88B
Amortization of Goodwill and Intangible Assets - (CF)	2.26B	2.21B	1.82B	1.69B	1.03B
Depreciation & Amortization, Total	11.97B	11.89B	11.54B	11.19B	7.92B
Amortization of Deferred Charges, Total - (CF)	2.2B	2.21B	2.22B	2.34B	2.48B
(Gain) Loss From Sale Of Asset	51M	17M	30M	27M	34M
(Gain) Loss on Sale of Investments - (CF)	1.13B	-	36M	64M	-64M
Asset Writedown & Restructuring Costs	1.68B	-	79M	86M	14M
(Income) Loss On Equity Investments - (CF)	2.5B	-342M	-211M	-433M	96M
Stock-Based Compensation (CF)	146M	146M	173M	73M	98M
Net Cash From Discontinued Operations	-	-	-	-	3.3B
Other Operating Activities, Total	-1.32B	3.4B	2.54B	-7.87B	1.43B
Change In Accounts Receivable	-38M	582M	-638M	-458M	-597M
Change In Inventories	68M	-68M	-162M	-180M	177M
Change In Accounts Payable	-100M	-730M	384M	1.38B	534M
Cash from Operations	17.38B	17.22B	18.08B	18.05B	16.56B
Capital Expenditure	-5.18B	-5.41B	-5.8B	-6.25B	-4.22B
Sale of Property, Plant, and Equipment	61M	43M	33M	98M	15M
Cash Acquisitions	-10.3B	-136M	-	-	-
Divestitures	4.43B	157M	-	6.98B	-67M
Sale (Purchase) of Intangible assets	-2.42B	-3.23B	-3.26B	-2.96B	-2.64B
Investment in Marketable and Equity Securities, Total	4.54B	-1.62B	1.27B	805M	1.12B
Other Investing Activities, Total	788M	929M	885M	955M	-333M
Cash from Investing	-8.09B	-9.26B	-6.87B	-379M	-6.12B
Short Term Debt Issued, Total	2.59B	-	3B	3.17B	-
Long-Term Debt Issued, Total	9.93B	4.36B	2.55B	4.07B	1.53B
Total Debt Issued	12.52B	4.36B	5.55B	7.24B	1.53B
Short Term Debt Repaid, Total	-	-2.79B	-	-	-1.64B
Long-Term Debt Repaid, Total	-16.03B	-12.24B	-8.25B	-13.54B	-8.97B
Total Debt Repaid	-16.03B	-15.03B	-8.25B	-13.54B	-10.61B
Issuance of Common Stock	7M	5M	-	123M	75M
Repurchase of Common Stock	-821M	-62M	-2.09B	-1.87B	-
Common Dividends Paid	-2.3B	-2.43B	-2.47B	-2.48B	-2.43B
Common & Preferred Stock Dividends Paid	-2.3B	-2.43B	-2.47B	-2.48B	-2.43B
Other Financing Activities, Total	-2.73B	-2.04B	-2.45B	-2.91B	-4.43B
Cash from Financing	-9.35B	-15.2B	-9.71B	-13.43B	-15.86B
Foreign Exchange Rate Adjustments	-256M	-255M	74M	12M	-94M
Net Change in Cash	-317M	-7.5B	1.58B	4.26B	-5.51B
Supplemental Items
Cash Interest Paid	2.28B	2.15B	1.75B	1.92B	2.23B
Cash Income Tax Paid (Refund)	930M	1.02B	925M	1.23B	724M
Levered Free Cash Flow	7.52B	4.01B	10.91B	4.7B	-10.07B
Unlevered Free Cash Flow	8.91B	5.31B	12.15B	5.96B	-8.6B
Change In Net Working Capital	520M	2.42B	-3.98B	1.28B	14.43B
Net Debt Issued / Repaid	-3.51B	-10.67B	-2.7B	-6.3B	-9.07B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.76	1.32	2.17	1.8	1.45
Return on Total Capital	2.06	1.56	2.59	2.13	1.72
Return On Equity %	-0.72	0.89	4.57	20.3	2.5
Return on Common Equity	-1.49	0.19	3.78	20.03	1.95
Margin Analysis
Gross Profit Margin %	31.78	31.32	32.92	32.5	33.38
SG&A Margin	21.4	20.25	19.9	20.61	22.99
EBITDA Margin %	28.06	26.02	28.52	25.75	22.84
EBITA Margin %	14.73	12.86	15.77	13.46	12.27
EBIT Margin %	9.71	7.81	11.77	9.76	9.46
Income From Continuing Operations Margin %	-1.01	1.22	5.76	26.99	4.28
Net Income Margin %	-2.05	0.26	4.58	25.9	3.1
Net Avail. For Common Margin %