Cash flow Wolters Kluwer N.V.

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WKL

NL0000395903

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Real-time Euronext Amsterdam Other stock markets 10:10:50 2026-03-05 am EST			5-day change	1st Jan Change
68.46 ^EUR	+1.09%		+3.69%	-22.41%

Feb. 27	Wolters Kluwer's New Chief Executive Takes Office	MT
Feb. 27	Wolters Kluwer N.V. Announces CEO Changes	CI

75ce4c3ae93.iouqZbwGdLvPqIO7QnDRqC6_UQ0wJsjuJ9M9hx92A2k.3_7wCNtfDc743LbdDjuk9xjuIkBlSf-9T6QQzlsRVRnww5Mk92MS06HP1g

Published financial data: WOLTERS KLUWER N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.6B	4.77B	5.45B	5.58B	5.92B
Total Revenues	4.6B	4.77B	5.45B	5.58B	5.92B
Cost of Goods Sold, Total	1.36B	1.37B	1.58B	1.58B	1.63B
Gross Profit	3.24B	3.4B	3.88B	4.01B	4.29B
Selling General & Admin Expenses, Total	2.25B	2.32B	2.59B	2.68B	2.84B
Other Operating Expenses, Total	2.25B	2.32B	2.59B	2.68B	2.84B
Operating Income	997M	1.07B	1.28B	1.33B	1.45B
Interest Expense, Total	-79M	-67M	-72M	-89M	-105M
Interest And Investment Income	10M	4M	21M	55M	52M
Net Interest Expenses	-69M	-63M	-51M	-34M	-53M
Income (Loss) On Equity Invest.	6M	1M	-	1M	2M
Currency Exchange Gains (Loss)	29M	-11M	6M	22M	-4M
Other Non Operating Income (Expenses)	-6M	-4M	-11M	-15M	-5M
EBT, Excl. Unusual Items	957M	996M	1.23B	1.3B	1.39B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-13M	-9M	-6M	-11M	-7M
Impairment of Goodwill	-	-	-	-	-2M
Gain (Loss) On Sale Of Investments	7M	-5M	-	3M	-
Gain (Loss) On Sale Of Assets	1M	-20M	75M	4M	-3M
Asset Writedown	-19M	-33M	-20M	-	-
Other Unusual Items	4M	-	-	-	-
EBT, Incl. Unusual Items	937M	929M	1.28B	1.3B	1.38B
Income Tax Expense	216M	201M	249M	290M	299M
Earnings From Continuing Operations	721M	728M	1.03B	1.01B	1.08B
Net Income to Company	721M	728M	1.03B	1.01B	1.08B
Minority Interest	-	-	-	-	-
Net Income - (IS)	721M	728M	1.03B	1.01B	1.08B
Net Income to Common Incl Extra Items	721M	728M	1.03B	1.01B	1.08B
Net Income to Common Excl. Extra Items	721M	728M	1.03B	1.01B	1.08B
Per Share Items
Net EPS - Basic	2.72	2.8	4.03	4.11	4.54
Basic EPS - Continuing Operations	2.72	2.8	4.03	4.11	4.54
Basic Weighted Average Shares Outstanding	265M	260M	255M	245M	238M
Net EPS - Diluted	2.7	2.78	4.01	4.09	4.52
Diluted EPS - Continuing Operations	2.7	2.78	4.01	4.09	4.52
Diluted Weighted Average Shares Outstanding	267M	262M	256M	246M	238M
Normalized Basic EPS	2.26	2.39	3.01	3.32	3.66
Normalized Diluted EPS	2.24	2.38	3	3.31	3.64
Dividend Per Share	1.36	1.57	1.81	2.08	2.33
Payout Ratio	46.32	51.1	41.29	46.38	48.29
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.35B	1.42B	1.64B	1.7B	1.84B
EBITA	1.32B	1.4B	1.62B	1.68B	1.82B
EBIT	997M	1.07B	1.28B	1.33B	1.45B
Effective Tax Rate - (Ratio)	23.05	21.64	19.51	22.36	21.7
Total Current Taxes	228M	215M	286M	300M	323M
Total Deferred Taxes	-12M	-14M	-24M	-8M	-12M
Normalized Net Income	598M	622M	767M	813M	869M
Interest on Long-Term Debt	71M	60M	66M	80M	91M
Non-Cash Pension Expense	1M	-9M	9M	3M	-25M
Supplemental Operating Expense Items
Marketing Expenses	217M	228M	263M	253M	258M
Selling and Marketing Expenses	784M	806M	914M	929M	969M
General and Administrative Expenses	1.46B	1.52B	1.68B	1.75B	1.87B
Stock-Based Comp., Other (Total)	24M	24M	28M	31M	31M
Total Stock-Based Compensation	24M	24M	28M	31M	31M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	723M	1B	1.35B	1.14B	954M
Total Cash And Short Term Investments	723M	1B	1.35B	1.14B	954M
Accounts Receivable, Total	1.1B	1.15B	1.24B	1.25B	1.28B
Other Receivables	61M	93M	98M	114M	121M
Total Receivables	1.16B	1.24B	1.34B	1.36B	1.4B
Inventory	68M	65M	79M	84M	79M
Prepaid Expenses	234M	332M	212M	172M	224M
Other Current Assets, Total	-	101M	1M	2M	2M
Total Current Assets	2.18B	2.74B	2.98B	2.75B	2.66B
Gross Property Plant And Equipment	1.04B	1.04B	1B	891M	878M
Accumulated Depreciation	-635M	-662M	-640M	-571M	-585M
Net Property Plant And Equipment	403M	376M	362M	320M	293M
Long-term Investments	12M	10M	11M	11M	13M
Goodwill	3.97B	4.18B	4.39B	4.32B	4.71B
Other Intangibles, Total	1.67B	1.62B	1.65B	1.6B	1.74B
Accounts Receivable Long-Term	22M	19M	18M	19M	19M
Deferred Tax Assets Long-Term	105M	62M	62M	51M	56M
Other Long-Term Assets, Total	20M	23M	38M	19M	15M
Total Assets	8.38B	9.03B	9.51B	9.09B	9.5B
Liabilities
Accounts Payable, Total	133M	123M	147M	165M	159M
Accrued Expenses, Total	686M	820M	841M	828M	923M
Short-term Borrowings	459M	9M	16M	196M	359M
Current Portion of Long-Term Debt	-	1M	702M	404M	5M
Current Portion of Leases	72M	71M	69M	63M	63M
Current Income Taxes Payable	169M	142M	129M	128M	117M
Unearned Revenue Current, Total	1.58B	1.79B	1.95B	1.98B	2.13B
Other Current Liabilities	48M	101M	19M	21M	28M
Total Current Liabilities	3.15B	3.06B	3.87B	3.79B	3.78B
Long-Term Debt	2.3B	2.79B	2.59B	2.88B	3.48B
Long-Term Leases	276M	260M	244M	209M	179M
Unearned Revenue Non Current	112M	113M	112M	102M	110M
Pension & Other Post Retirement Benefits	115M	90M	85M	81M	67M
Deferred Tax Liability Non Current	338M	294M	299M	281M	324M
Other Non Current Liabilities	4M	7M	5M	5M	5M
Total Liabilities	6.3B	6.61B	7.2B	7.34B	7.95B
Common Stock, Total	32M	32M	31M	30M	29M
Additional Paid In Capital	87M	87M	87M	87M	87M
Retained Earnings	2.44B	2.45B	2.58B	2.15B	1.47B
Treasury Stock	-222M	-247M	-735M	-734M	-470M
Comprehensive Income and Other	-251M	97M	346M	215M	425M
Total Common Equity	2.09B	2.42B	2.31B	1.75B	1.54B
Minority Interest	-	-	-	-	-
Total Equity	2.09B	2.42B	2.31B	1.75B	1.54B
Total Liabilities And Equity	8.38B	9.03B	9.51B	9.09B	9.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	258M	249M	241M	234M
ECS Total Common Shares Outstanding	262M	258M	249M	241M	234M
Book Value / Share	7.95	9.36	9.29	7.27	6.59
Tangible Book Value	-3.55B	-3.38B	-3.73B	-4.17B	-4.9B
Tangible Book Value Per Share	-13.53	-13.1	-15.01	-17.34	-20.91
Total Debt	3.11B	3.13B	3.62B	3.75B	4.09B
Net Debt	2.38B	2.13B	2.27B	2.61B	3.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	31M	4M	23M	15M	11M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	8M	10M	11M	11M	13M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	19M	21M	27M	27M	18M
Inventories - Finished Goods, Total	49M	44M	52M	57M	61M
Land - (BS)	124M	125M	121M	92M	90M
Full Time Employees	18.78K	19.45K	20.06K	21.06K	21.2K
Accumulated Allowance for Doubtful Accounts (Supple)	84M	83M	85M	85M	89M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	721M	728M	1.03B	1.01B	1.08B
Depreciation & Amortization - CF	99M	96M	97M	90M	84M
Amortization of Goodwill and Intangible Assets - (CF)	324M	325M	335M	350M	370M
Depreciation & Amortization, Total	423M	421M	432M	440M	454M
(Gain) Loss From Sale Of Asset	-7M	10M	-84M	-4M	-5M
(Gain) Loss on Sale of Investments - (CF)	-5M	7M	3M	-3M	-
Asset Writedown & Restructuring Costs	40M	21M	27M	8M	27M
(Income) Loss On Equity Investments - (CF)	-6M	-1M	-	-1M	-2M
Stock-Based Compensation (CF)	24M	24M	28M	31M	31M
Other Operating Activities, Total	-32M	-68M	-29M	-31M	-12M
Change In Accounts Receivable	-14M	-94M	91M	4M	-32M
Change In Inventories	-	-3M	-11M	-7M	9M
Change In Accounts Payable	-50M	120M	24M	21M	41M
Change in Unearned Revenues	103M	127M	77M	80M	64M
Change in Other Net Operating Assets	-	-	-3M	-	-
Cash from Operations	1.2B	1.29B	1.58B	1.54B	1.65B
Capital Expenditure	-25M	-240M	-295M	-324M	-314M
Sale of Property, Plant, and Equipment	7M	1M	-	1M	1M
Cash Acquisitions	-395M	-108M	-92M	-61M	-335M
Divestitures	50M	76M	106M	8M	1M
Sale (Purchase) of Intangible assets	-213M	-	-	-	-
Other Investing Activities, Total	13M	-16M	-18M	2M	-5M
Cash from Investing	-563M	-287M	-299M	-374M	-652M
Long-Term Debt Issued, Total	496M	500M	631M	977M	1.24B
Total Debt Issued	496M	500M	631M	977M	1.24B
Long-Term Debt Repaid, Total	-437M	-168M	-198M	-991M	-800M
Total Debt Repaid	-437M	-168M	-198M	-991M	-800M
Repurchase of Common Stock	-350M	-410M	-1B	-1B	-1B
Common Dividends Paid	-334M	-372M	-424M	-467M	-521M
Common & Preferred Stock Dividends Paid	-334M	-372M	-424M	-467M	-521M
Other Financing Activities, Total	-2M	-1M	-	-	-2M
Cash from Financing	-627M	-451M	-991M	-1.48B	-1.09B
Foreign Exchange Rate Adjustments	-77M	76M	44M	-31M	40M
Net Change in Cash	-70M	630M	336M	-341M	-44M
Supplemental Items
Cash Interest Paid	75M	72M	70M	84M	94M
Cash Income Tax Paid (Refund)	221M	277M	289M	325M	318M
Levered Free Cash Flow	845M	912M	1.13B	978M	1.16B
Unlevered Free Cash Flow	894M	954M	1.18B	1.03B	1.22B
Change In Net Working Capital	-62M	-78M	-213M	-57M	-146M
Net Debt Issued / Repaid	59M	332M	433M	-14M	437M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.26	7.72	8.65	8.92	9.75
Return on Total Capital	11.66	12.48	13.97	14.52	16.28
Return On Equity %	32.28	32.33	43.45	49.62	65.51
Return on Common Equity	32.28	32.33	43.45	49.62	65.51
Margin Analysis
Gross Profit Margin %	70.48	71.2	71.06	71.78	72.52
SG&A Margin	48.82	48.71	47.53	48.01	48.01
EBITDA Margin %	29.26	29.83	30.15	30.44	31.17
EBITA Margin %	28.7	29.3	29.67	30.03	30.76
EBIT Margin %	21.66	22.49	23.53	23.76	24.51
Income From Continuing Operations Margin %	15.66	15.26	18.83	18.03	18.24
Net Income Margin %	15.66	15.26	18.83	18.03	18.24
Net Avail. For Common Margin %	15.66	15.26	18.83	18.03	18.24
Normalized Net Income Margin	12.99	13.05	14.06	14.56	14.68
Levered Free Cash Flow Margin	18.35	19.11	20.81	17.51	19.57
Unlevered Free Cash Flow Margin	19.42	19.99	21.64	18.51	20.68
Asset Turnover
Asset Turnover	0.54	0.55	0.59	0.6	0.64
Fixed Assets Turnover	10.97	12.25	14.78	16.38	19.3
Receivables Turnover (Average Receivables)	3.97	4.25	4.57	4.49	4.69
Inventory Turnover (Average Inventory)	19.28	20.66	21.92	19.34	19.95
Short Term Liquidity
Current Ratio	0.69	0.9	0.77	0.73	0.7
Quick Ratio	0.6	0.73	0.69	0.66	0.62
Operating Cash Flow to Current Liabilities	0.38	0.42	0.41	0.41	0.44
Days Sales Outstanding (Average Receivables)	92.28	85.8	79.89	81.31	78.07
Days Outstanding Inventory (Average Inventory)	18.99	17.67	16.65	18.88	18.35
Average Days Payable Outstanding	40.82	34.08	30.95	36.01	36.58
Cash Conversion Cycle (Average Days)	70.45	69.39	65.59	64.17	59.84
Long Term Solvency
Total Debt/Equity	148.87	129.58	156.58	214.35	264.72
Total Debt / Total Capital	59.82	56.44	61.03	68.19	72.58
LT Debt/Equity	123.43	126.23	122.51	176.44	237.09
Long-Term Debt / Total Capital	49.6	54.98	47.75	56.13	65
Total Liabilities / Total Assets	75.1	73.23	75.71	80.77	83.73
EBIT / Interest Expense	12.62	16.01	17.82	14.91	13.81
EBITDA / Interest Expense	17.97	22.3	23.82	19.85	18.13
(EBITDA - Capex) / Interest Expense	17.66	18.72	19.72	16.21	15.14
Total Debt / EBITDA	2.19	2.1	2.11	2.12	2.15
Net Debt / EBITDA	1.68	1.43	1.32	1.48	1.65
Total Debt / (EBITDA - Capex)	2.23	2.5	2.55	2.6	2.57
Net Debt / (EBITDA - Capex)	1.71	1.7	1.6	1.81	1.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.2	3.65	14.29	2.4	5.95
Gross Profit, 1 Yr. Growth %	0.53	4.72	14.07	3.43	7.04
EBITDA, 1 Yr. Growth %	3.14	7.15	15.53	3.41	8.47
EBITA, 1 Yr. Growth %	3.12	7.37	15.74	3.65	8.53
EBIT, 1 Yr. Growth %	4.18	9.71	19.57	3.43	9.27
Earnings From Cont. Operations, 1 Yr. Growth %	7.77	0.97	41.07	-1.95	7.15
Net Income, 1 Yr. Growth %	7.77	0.97	41.07	-1.95	7.15
Normalized Net Income, 1 Yr. Growth %	6.1	6.18	23.19	6.03	6.84
Diluted EPS Before Extra, 1 Yr. Growth %	9.76	2.96	44.24	2	10.51
Accounts Receivable, 1 Yr. Growth %	-10.38	4.47	8.29	0.48	2.41
Inventory, 1 Yr. Growth %	-6.85	-4.41	21.54	6.33	-5.95
Net Property, Plant and Equip., 1 Yr. Growth %	-7.57	-6.7	-3.72	-11.6	-8.44
Total Assets, 1 Yr. Growth %	-4.47	8.12	5.34	-4.37	4.44
Tangible Book Value, 1 Yr. Growth %	7.15	-4.73	10.32	11.76	17.48
Common Equity, 1 Yr. Growth %	-12.31	15.81	-4.43	-24.29	-11.66
Cash From Operations, 1 Yr. Growth %	8.62	7.94	22.45	-2.34	7.06
Capital Expenditures, 1 Yr. Growth %	-19.35	0.84	22.92	9.83	-3.09
Levered Free Cash Flow, 1 Yr. Growth %	35.65	9.47	24.47	-13.85	18.4
Unlevered Free Cash Flow, 1 Yr. Growth %	33.03	8.09	23.73	-12.42	18.37
Dividend Per Share, 1 Yr. Growth %	15.25	15.44	15.29	14.92	12.02
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.96	1.71	8.84	8.19	4.16
Gross Profit, 2 Yr. CAGR %	4.65	2.6	9.29	8.62	5.22
EBITDA, 2 Yr. CAGR %	5.82	4.38	11.26	9.3	5.91
EBITA, 2 Yr. CAGR %	5.9	4.47	11.48	9.52	6.06
EBIT, 2 Yr. CAGR %	9.08	5.89	14.54	11.21	6.31
Earnings From Cont. Operations, 2 Yr. CAGR %	4.84	4.32	19.35	17.61	2.5
Net Income, 2 Yr. CAGR %	4.84	4.32	19.35	17.61	2.5
Normalized Net Income, 2 Yr. CAGR %	11.99	5.08	14.37	14.29	6.44
Diluted EPS Before Extra, 2 Yr. CAGR %	7.19	6.31	21.87	21.29	6.17
Accounts Receivable, 2 Yr. CAGR %	-1.69	-3.24	6.36	4.31	1.44
Inventory, 2 Yr. CAGR %	-2.14	-5.64	7.79	13.68	0
Net Property, Plant and Equip., 2 Yr. CAGR %	12.22	-7.14	-5.22	-7.75	-10.03
Total Assets, 2 Yr. CAGR %	-0.95	1.43	6.72	0.36	-0.06
Tangible Book Value, 2 Yr. CAGR %	0.28	1.04	2.52	11.04	14.58
Common Equity, 2 Yr. CAGR %	-3.78	0.77	5.21	-14.93	-18.22
Cash From Operations, 2 Yr. CAGR %	9.35	8.28	14.96	9.35	2.25
Capital Expenditures, 2 Yr. CAGR %	-65.82	178.24	11.33	16.19	3.17
Levered Free Cash Flow, 2 Yr. CAGR %	-8.6	21	16.73	3.56	1
Unlevered Free Cash Flow, 2 Yr. CAGR %	-8.23	19.11	15.64	4.1	1.82
Dividend Per Share, 2 Yr. CAGR %	17.8	15.35	15.36	15.1	13.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.76	3.86	5.74	6.65	7.43
Gross Profit, 3 Yr. CAGR %	2.22	4.67	6.29	7.3	8.09
EBITDA, 3 Yr. CAGR %	4.75	5.76	7.97	8.58	9.02
EBITA, 3 Yr. CAGR %	4.97	5.87	8.1	8.8	9.19
EBIT, 3 Yr. CAGR %	8.71	8.59	10.27	10.71	10.56
Earnings From Cont. Operations, 3 Yr. CAGR %	4.22	3.53	15.36	11.78	14.02
Net Income, 3 Yr. CAGR %	4.27	3.53	15.36	11.78	14.02
Normalized Net Income, 3 Yr. CAGR %	12.65	9.29	10.8	11.52	11.75
Diluted EPS Before Extra, 3 Yr. CAGR %	6.9	5.76	17.69	14.85	17.59
Accounts Receivable, 3 Yr. CAGR %	1.15	0.32	0.46	4.36	3.67
Inventory, 3 Yr. CAGR %	-10.55	-2.9	2.67	7.3	6.72
Net Property, Plant and Equip., 3 Yr. CAGR %	58.61	5.52	-6.01	-7.4	-7.98
Total Assets, 3 Yr. CAGR %	-0.37	1.85	2.72	2.89	1.71
Tangible Book Value, 3 Yr. CAGR %	1.93	-1.42	4.04	5.51	13.14
Common Equity, 3 Yr. CAGR %	-2.16	2.35	-0.99	-5.72	-13.86
Cash From Operations, 3 Yr. CAGR %	8.39	8.88	12.81	8.88	8.58
Capital Expenditures, 3 Yr. CAGR %	-50.81	3.9	111.91	10.83	9.37
Levered Free Cash Flow, 3 Yr. CAGR %	23.9	-3.39	22.15	5.49	8.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.5	-3.52	20.63	5.41	8.65
Dividend Per Share, 3 Yr. CAGR %	16.96	17.01	15.33	15.21	14.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.81	2.17	4.54	5.57	5.11
Gross Profit, 5 Yr. CAGR %	2.37	2.72	4.99	6.24	5.86
EBITDA, 5 Yr. CAGR %	4.91	4.85	7	7.16	7.14
EBITA, 5 Yr. CAGR %	5.14	5.05	7.22	7.32	7.28
EBIT, 5 Yr. CAGR %	7.86	7.06	10.58	9.63	8.67
Earnings From Cont. Operations, 5 Yr. CAGR %	11.25	8.24	10.02	8.95	10.03
Net Income, 5 Yr. CAGR %	11.25	8.28	10.06	8.95	10.03
Normalized Net Income, 5 Yr. CAGR %	11.15	8.7	12.88	11.26	9.03
Diluted EPS Before Extra, 5 Yr. CAGR %	13.71	10.86	12.66	11.72	12.94
Accounts Receivable, 5 Yr. CAGR %	-0.96	-0.5	3.2	1.9	0.85
Inventory, 5 Yr. CAGR %	-13.45	-11.24	-3.62	3.42	1.59
Net Property, Plant and Equip., 5 Yr. CAGR %	25.78	24.44	29.09	0	-7.64
Total Assets, 5 Yr. CAGR %	0.69	0.42	2.33	1.26	1.6
Tangible Book Value, 5 Yr. CAGR %	2.9	-0.63	2.16	3.39	8.14
Common Equity, 5 Yr. CAGR %	-3.33	-1.61	0.73	-4.95	-8.28
Cash From Operations, 5 Yr. CAGR %	7.26	6.87	10.97	9.07	8.46
Capital Expenditures, 5 Yr. CAGR %	-33.2	1.39	7.03	8.65	58.9
Levered Free Cash Flow, 5 Yr. CAGR %	4.38	5.01	20.64	-0.67	13.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.64	4.08	18.22	-0.54	12.72
Dividend Per Share, 5 Yr. CAGR %	12.64	14.72	16.32	16.24	14.58