Income Statement Wizz Air Holdings Plc

Equities

WIZZ

JE00BN574F90

Airlines

Real-time Estimate Cboe Europe Other stock markets 10:45:53 2024-09-13 am EDT			5-day change	1st Jan Change
1,185.50 ^GBX	+2.11%		+1.58%	-46.20%

Sep. 11	Shortsellers bet against airlines and banks, Hazeltree report says	RE
Sep. 10	Wizz Air to Start New Route from London to Jeddah, Saudi Arabia, in March 2025	MT

ac73c497.h_OAq5mIQJtmUnCcbs9f8hlAkm7N81oSP1H2focOvvY.yZ7R8-rkOe5QBgjEJvttwykrzV-lxQVCSyiuBL9E1MHIsLXN8cIqqiM0Gw

Published financial data: WIZZ AIR HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.51B	326M	732M	2.02B	2.8B
Other Revenues, Total	1.25B	413M	931M	1.87B	2.27B
Total Revenues	2.76B	739M	1.66B	3.9B	5.07B
Cost of Goods Sold, Total	1.86B	807M	1.59B	3.53B	3.86B
Gross Profit	899M	-68.4M	73.3M	367M	1.21B
Selling General & Admin Expenses, Total	44.1M	19.6M	46.4M	103M	121M
Depreciation & Amortization - (IS)	381M	345M	446M	601M	755M
Other Operating Expenses	87.4M	41.8M	99.9M	230M	145M
Other Operating Expenses, Total	513M	407M	593M	934M	1.02B
Operating Income	386M	-475M	-519M	-566M	193M
Interest Expense, Total	-91.5M	-78.4M	-89.5M	-135M	-197M
Interest And Investment Income	45.4M	9M	2.8M	20.8M	80.5M
Net Interest Expenses	-46.1M	-69.4M	-86.7M	-114M	-116M
Currency Exchange Gains (Loss)	2M	28.4M	-89.5M	16.6M	19.4M
Other Non Operating Income (Expenses)	0	2.6M	-100K	-	-
EBT, Excl. Unusual Items	342M	-514M	-696M	-664M	96.3M
Gain (Loss) On Sale Of Assets	16.2M	40.6M	49.7M	99.7M	245M
Other Unusual Items	-63.7M	-93.6M	4.3M	-	-
EBT, Incl. Unusual Items	294M	-566M	-642M	-565M	341M
Income Tax Expense	13.1M	9.5M	900K	-29.5M	-24.8M
Earnings From Continuing Operations	281M	-576M	-642M	-535M	366M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	281M	-576M	-642M	-535M	366M
Minority Interest	-	3.9M	10.7M	12.1M	10.7M
Net Income - (IS)	281M	-572M	-632M	-523M	377M
Net Income to Common Incl Extra Items	281M	-572M	-632M	-523M	377M
Net Income to Common Excl. Extra Items	281M	-572M	-632M	-523M	377M
Per Share Items
Net EPS - Basic	3.76	-6.69	-6.33	-5.07	3.64
Basic EPS - Continuing Operations	3.76	-6.69	-6.33	-5.07	3.64
Basic Weighted Average Shares Outstanding	74.69M	85.55M	99.81M	103M	103M
Net EPS - Diluted	2.22	-6.69	-6.33	-5.07	2.96
Diluted EPS - Continuing Operations	2.22	-6.69	-6.33	-5.07	2.96
Diluted Weighted Average Shares Outstanding	127M	85.55M	99.81M	103M	128M
Normalized Basic EPS	2.86	-3.71	-4.25	-3.91	0.69
Normalized Diluted EPS	1.68	-3.71	-4.25	-3.91	0.56
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	487M	-370M	-395M	-387M	446M
EBITA	386M	-475M	-519M	-566M	193M
EBIT	386M	-475M	-519M	-566M	193M
EBITDAR	-	-	-392M	-376M	451M
Total Revenues (As Reported)	2.76B	739M	1.66B	3.9B	5.07B
Effective Tax Rate - (Ratio)	4.45	-1.68	-0.14	5.22	-7.27
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	15M	1.7M	4.6M	9.7M	49.9M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-1.9M	7.8M	-3.6M	-39.2M	-74.7M
Normalized Net Income	214M	-317M	-424M	-403M	70.89M
Interest on Long-Term Debt	86.5M	71.1M	76M	117M	158M
Supplemental Operating Expense Items
Selling and Marketing Expenses	44.1M	19.6M	43.4M	91.5M	117M
Net Rental Expense, Total	-	-	3M	11.4M	4.1M
Imputed Operating Lease Interest Expense	-	-	605K	2.66M	1.12M
Imputed Operating Lease Depreciation	-	-	2.4M	8.74M	2.98M
Maintenance & Repair Expenses, Total	176M	166M	170M	244M	285M
Stock-Based Comp., COGS (Total)	4.2M	4.1M	6.7M	7.2M	8.3M
Total Stock-Based Compensation	4.2M	4.1M	6.7M	7.2M	8.3M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.31B	1.1B	767M	1.41B	728M
Short Term Investments	-	347M	450M	-	751M
Total Cash And Short Term Investments	1.31B	1.45B	1.22B	1.41B	1.48B
Accounts Receivable, Total	83.9M	63.1M	96.3M	234M	320M
Other Receivables	900K	3.1M	6.7M	31M	36.6M
Total Receivables	84.8M	66.2M	103M	265M	357M
Inventory	70.6M	53.7M	70.9M	296M	334M
Prepaid Expenses	32.6M	19.4M	66.7M	114M	314M
Restricted Cash	6.1M	35M	94.9M	63.7M	55.4M
Other Current Assets, Total	69.8M	35.4M	20.4M	16.5M	36.1M
Total Current Assets	1.57B	1.66B	1.57B	2.16B	2.58B
Gross Property Plant And Equipment	3.28B	3.83B	4.53B	5.71B	7.13B
Accumulated Depreciation	-1.47B	-1.69B	-1.86B	-2.07B	-2.31B
Net Property Plant And Equipment	1.82B	2.13B	2.67B	3.65B	4.82B
Long-term Investments	-	-	-	-	7.3M
Other Intangibles, Total	27.2M	30.4M	62.4M	76.7M	92.7M
Deferred Tax Assets Long-Term	3.1M	1.1M	1.7M	50.6M	109M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	938M	900M	1.05B	1.1B	1.09B
Total Assets	4.36B	4.72B	5.36B	7.03B	8.69B
Liabilities
Accounts Payable, Total	132M	89.8M	123M	174M	216M
Accrued Expenses, Total	280M	256M	354M	656M	732M
Short-term Borrowings	-	-	-	250M	-
Current Portion of Long-Term Debt	300K	351M	300K	507M	422M
Current Portion of Leases	341M	372M	413M	518M	663M
Current Income Taxes Payable	-	200K	200K	4.1M	37.5M
Unearned Revenue Current, Total	172M	68M	334M	770M	797M
Other Current Liabilities	398M	167M	149M	241M	108M
Total Current Liabilities	1.32B	1.3B	1.37B	3.12B	2.98B
Long-Term Debt	26.4M	538M	1.04B	538M	593M
Long-Term Leases	1.67B	1.88B	2.51B	3.49B	4.59B
Unearned Revenue Non Current	13.1M	43.5M	63M	103M	147M
Deferred Tax Liability Non Current	-	6.3M	3.4M	3.2M	-
Other Non Current Liabilities	88.1M	51.1M	101M	140M	242M
Total Liabilities	3.12B	3.82B	5.09B	7.39B	8.55B
Additional Paid In Capital	381M	381M	381M	381M	381M
Retained Earnings	1.28B	712M	87.3M	-434M	-48.7M
Comprehensive Income and Other	-426M	-186M	-189M	-279M	-149M
Total Common Equity	1.23B	908M	279M	-331M	183M
Minority Interest	-	-4M	-15.4M	-26.9M	-37.7M
Total Equity	1.23B	904M	264M	-358M	146M
Total Liabilities And Equity	4.36B	4.72B	5.36B	7.03B	8.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	85.43M	85.64M	103M	103M	103M
ECS Total Common Shares Outstanding	85.43M	85.64M	103M	103M	103M
Book Value / Share	14.45	10.6	2.71	-3.2	1.77
Tangible Book Value	1.21B	877M	217M	-408M	90.7M
Tangible Book Value Per Share	14.14	10.24	2.1	-3.95	0.88
Total Debt	2.04B	3.14B	3.96B	5.3B	6.27B
Net Debt	729M	1.69B	2.75B	3.89B	4.79B
Debt Equivalent Oper. Leases	-	-	24M	91.2M	32.8M
Minority Interest, Total (Incl. Fin. Div)	-	-4M	-15.4M	-26.9M	-37.7M
Equity Method Investments, Total	-	-	-	-	5.7M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.9M	20.2M	27.1M	33.1M	37.2M
Inventories - Others	50.7M	33.5M	43.8M	262M	296M
Land - (BS)	18.1M	18.2M	25.8M	25.9M	37.5M
Machinery, Total	368M	554M	702M	1.31B	1.82B
Full Time Employees	5.3K	3.96K	4.71K	7.39K	8.04K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	3.5M	2.8M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	281M	-572M	-632M	-523M	377M
Depreciation & Amortization - CF	374M	336M	436M	588M	736M
Amortization of Goodwill and Intangible Assets - (CF)	200K	-	-	-	-
Depreciation & Amortization, Total	374M	336M	436M	588M	736M
Amortization of Deferred Charges, Total - (CF)	7.3M	8.8M	10M	13.5M	19.2M
(Gain) Loss From Sale Of Asset	-16.2M	-40.7M	-49.7M	-99.7M	-245M
(Gain) Loss on Sale of Investments - (CF)	-	-65.5M	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	4.2M	4.1M	6.7M	2.2M	8.3M
Other Operating Activities, Total	118M	54.8M	158M	48.4M	15.2M
Change In Accounts Receivable	116M	48.3M	-74M	-186M	-302M
Change In Inventories	-39M	16.9M	-17.2M	-226M	-35.9M
Change In Accounts Payable	146M	6.4M	139M	317M	70.2M
Change in Unearned Revenues	-221M	-22M	370M	432M	23.9M
Change in Other Net Operating Assets	1.2M	300K	24.6M	56.3M	9.5M
Cash from Operations	772M	-225M	371M	422M	677M
Capital Expenditure	-836M	-415M	-544M	-640M	-709M
Sale of Property, Plant, and Equipment	23.4M	58.7M	43.5M	242M	546M
Investment in Marketable and Equity Securities, Total	-	65.6M	-99.2M	450M	-756M
Other Investing Activities, Total	130M	144M	193M	481M	558M
Cash from Investing	-682M	-146M	-407M	533M	-360M
Short Term Debt Issued, Total	-	-	-	246M	-
Long-Term Debt Issued, Total	298M	1.37B	514M	63M	483M
Total Debt Issued	298M	1.37B	514M	308M	483M
Long-Term Debt Repaid, Total	-305M	-675M	-755M	-492M	-1.33B
Total Debt Repaid	-305M	-675M	-755M	-492M	-1.33B
Issuance of Common Stock	1.5M	600K	-	-	-
Other Financing Activities, Total	-87.9M	-73.9M	-84.4M	-127M	-170M
Cash from Financing	-93.6M	625M	-326M	-311M	-1.02B
Foreign Exchange Rate Adjustments	-1.4M	-30.9M	28M	-7.7M	13.1M
Miscellaneous Cash Flow Adjustments	-	100K	-	100K	-
Net Change in Cash	-5.5M	223M	-334M	636M	-686M
Supplemental Items
Cash Interest Paid	87.9M	73.7M	84.3M	127M	170M
Cash Income Tax Paid (Refund)	12.6M	3.6M	4.9M	7M	17.4M
Levered Free Cash Flow	-29.76M	-760M	-160M	15.94M	-244M
Unlevered Free Cash Flow	27.42M	-711M	-104M	100M	-121M
Change In Net Working Capital	-236M	348M	-312M	-486M	296M
Net Debt Issued / Repaid	-7.2M	698M	-241M	-184M	-846M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.81	-6.54	-6.44	-5.71	1.53
Return on Total Capital	7.63	-8.12	-7.85	-7.72	2.12
Return On Equity %	23.03	-53.87	-110.05	1.14K	-344.86
Return on Common Equity	23.03	-53.4	-106.45	2.02K	-510.3
Margin Analysis
Gross Profit Margin %	32.55	-9.26	4.41	9.43	23.94
SG&A Margin	1.6	2.65	2.79	2.64	2.39
EBITDA Margin %	17.64	-50.09	-23.76	-9.94	8.8
EBITA Margin %	13.98	-64.29	-31.22	-14.54	3.81
EBIT Margin %	13.97	-64.29	-31.22	-14.54	3.81
Income From Continuing Operations Margin %	10.18	-77.94	-38.63	-13.74	7.21
Net Income Margin %	10.18	-77.42	-37.98	-13.42	7.42
Net Avail. For Common Margin %	10.18	-77.42	-37.98	-13.42	7.42
Normalized Net Income Margin	7.73	-42.9	-25.49	-10.35	1.4
Levered Free Cash Flow Margin	-1.08	-102.83	-9.59	0.41	-4.8
Unlevered Free Cash Flow Margin	0.99	-96.2	-6.23	2.58	-2.38
Asset Turnover
Asset Turnover	0.67	0.16	0.33	0.63	0.65
Fixed Assets Turnover	1.59	0.37	0.69	1.23	1.2
Receivables Turnover (Average Receivables)	14.5	4.43	9.19	12.26	11.43
Inventory Turnover (Average Inventory)	36.41	12.99	25.52	19.26	12.27
Short Term Liquidity
Current Ratio	1.19	1.27	1.14	0.69	0.87
Quick Ratio	1.05	1.16	0.96	0.54	0.62
Operating Cash Flow to Current Liabilities	0.58	-0.17	0.27	0.14	0.23
Days Sales Outstanding (Average Receivables)	25.23	82.37	39.74	29.76	32.01
Days Outstanding Inventory (Average Inventory)	10.05	28.1	14.3	18.96	29.84
Average Days Payable Outstanding	21.18	48.23	24.21	14.45	18.3
Cash Conversion Cycle (Average Days)	14.1	62.24	29.83	34.27	43.55
Long Term Solvency