Cash flow WPP plc

Equities

WPP

JE00B8KF9B49

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Market Closed - London S.E. Other stock markets 11:35:08 2024-09-16 am EDT			5-day change	1st Jan Change
741.20 ^GBX	0.00%		+0.19%	-1.57%

Sep. 12	Durex makes India condom push for women, rural consumers	RE
Sep. 10	WPP buys New Commercial Arts for unspecified sum	AN

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Published financial data: WPP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	13.23B	12B	12.8B	14.43B	14.84B
Total Revenues	13.23B	12B	12.8B	14.43B	14.84B
Cost of Goods Sold, Total	10.83B	9.99B	10.6B	11.89B	12.33B
Gross Profit	2.41B	2.01B	2.2B	2.54B	2.52B
Selling General & Admin Expenses, Total	1.12B	4.3B	979M	1.19B	2B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.12B	4.3B	979M	1.19B	2B
Operating Income	1.29B	-2.28B	1.22B	1.35B	521M
Interest Expense, Total	-352M	-306M	-279M	-354M	-379M
Interest And Investment Income	99M	82.7M	69.4M	145M	127M
Net Interest Expenses	-253M	-223M	-210M	-208M	-251M
Income (Loss) On Equity Invest.	14.7M	-136M	23.8M	-60.4M	70.2M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-67.4M	-169M	-8.6M	26.7M	-23.1M
EBT, Excl. Unusual Items	983M	-2.81B	1.03B	1.11B	316M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	8M	-7.5M	23.1M	-20.9M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-1M	13.4M	-71.7M	26.2M	50.8M
EBT, Incl. Unusual Items	982M	-2.79B	951M	1.16B	346M
Income Tax Expense	275M	129M	230M	384M	149M
Earnings From Continuing Operations	707M	-2.92B	721M	775M	197M
Earnings Of Discontinued Operations	-3.8M	6.5M	-	-	-
Net Income to Company	703M	-2.91B	721M	775M	197M
Minority Interest	-79.2M	-53.9M	-83M	-92.7M	-86.8M
Net Income - (IS)	624M	-2.97B	638M	683M	110M
Net Income to Common Incl Extra Items	624M	-2.97B	638M	683M	110M
Net Income to Common Excl. Extra Items	628M	-2.97B	638M	683M	110M
Per Share Items
Net EPS - Basic	0.5	-2.43	0.53	0.62	0.1
Basic EPS - Continuing Operations	0.5	-2.43	0.53	0.62	0.1
Basic Weighted Average Shares Outstanding	1.25B	1.22B	1.19B	1.1B	1.07B
Net EPS - Diluted	0.49	-2.43	0.52	0.61	0.1
Diluted EPS - Continuing Operations	0.5	-2.43	0.52	0.61	0.1
Diluted Weighted Average Shares Outstanding	1.26B	1.22B	1.22B	1.12B	1.09B
Normalized Basic EPS	0.43	-1.48	0.47	0.55	0.1
Normalized Diluted EPS	0.42	-1.48	0.46	0.54	0.1
Dividend Per Share	0.23	0.24	0.31	0.39	0.39
Payout Ratio	120.25	-4.11	49.35	53.52	382.97
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.59B	-2.01B	1.45B	1.6B	788M
EBITA	1.4B	-2.18B	1.29B	1.43B	623M
EBIT	1.29B	-2.28B	1.22B	1.35B	521M
EBITDAR	1.73B	-1.93B	1.5B	1.66B	842M
Effective Tax Rate - (Ratio)	28	-4.63	24.2	33.14	43.06
Total Current Taxes	360M	227M	363M	370M	347M
Total Deferred Taxes	-84.6M	-97.5M	-132M	14.1M	-198M
Normalized Net Income	535M	-1.81B	561M	601M	111M
Interest on Long-Term Debt	103M	101M	90.9M	95.7M	106M
Non-Cash Pension Expense	5.4M	4.8M	4.1M	5.3M	7.1M
Supplemental Operating Expense Items
General and Administrative Expenses	1.11B	4.29B	972M	1.18B	1.99B
Research And Development Expense From Footnotes	-	-	-	29M	-
Net Rental Expense, Total	143M	79.1M	59.2M	60.8M	53.2M
Imputed Operating Lease Interest Expense	60.14M	12.55M	11.72M	24.55M	22.93M
Imputed Operating Lease Depreciation	83.26M	66.55M	47.48M	36.25M	30.27M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	66M	74.4M	99.6M	122M	140M
Total Stock-Based Compensation	66M	74.4M	99.6M	122M	140M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.11B	10.08B	2.78B	2.27B	2.04B
Short Term Investments	864M	2.82B	1.11B	220M	181M
Total Cash And Short Term Investments	2.97B	12.9B	3.88B	2.49B	2.22B
Accounts Receivable, Total	7.36B	6.84B	6.85B	7.76B	7.33B
Other Receivables	4.34B	4.02B	4.38B	4.61B	4.16B
Total Receivables	11.7B	10.86B	11.23B	12.37B	11.49B
Inventory	-	-	-	-	-
Prepaid Expenses	287M	248M	215M	237M	239M
Other Current Assets, Total	487M	200K	2.5M	5.1M	1.6M
Total Current Assets	15.44B	24B	15.34B	15.1B	13.94B
Gross Property Plant And Equipment	3.48B	3.2B	3.12B	3.45B	3B
Accumulated Depreciation	-870M	-906M	-824M	-922M	-788M
Net Property Plant And Equipment	2.61B	2.3B	2.29B	2.53B	2.21B
Long-term Investments	1.31B	718M	731M	675M	619M
Goodwill	10.17B	7.39B	7.61B	8.45B	8.39B
Other Intangibles, Total	1.47B	1.39B	1.36B	1.45B	850M
Deferred Tax Assets Long-Term	188M	213M	342M	322M	324M
Other Long-Term Assets, Total	138M	181M	199M	293M	286M
Total Assets	31.33B	36.19B	27.87B	28.82B	26.62B
Liabilities
Accounts Payable, Total	10.11B	10.21B	10.6B	11.18B	10.83B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	236M	8.56B	342M	506M	358M
Current Portion of Long-Term Debt	226M	57.2M	225M	663M	588M
Current Portion of Leases	302M	324M	280M	282M	292M
Current Income Taxes Payable	500M	331M	386M	422M	370M
Unearned Revenue Current, Total	1.02B	1.15B	1.33B	1.6B	1.32B
Other Current Liabilities	3.22B	2.5B	3.32B	3.05B	2.5B
Total Current Liabilities	15.62B	23.13B	16.49B	17.71B	16.25B
Long-Term Debt	4.05B	4.98B	4.22B	3.8B	3.78B
Long-Term Leases	1.95B	1.83B	1.76B	1.93B	1.86B
Pension & Other Post Retirement Benefits	159M	157M	137M	138M	136M
Deferred Tax Liability Non Current	380M	304M	312M	351M	178M
Other Non Current Liabilities	731M	621M	888M	736M	587M
Total Liabilities	22.89B	31.02B	23.8B	24.66B	22.79B
Common Stock, Total	133M	130M	122M	114M	114M
Additional Paid In Capital	570M	570M	575M	576M	577M
Retained Earnings	9.05B	5.07B	4.37B	3.76B	3.49B
Treasury Stock	-1.18B	-1.12B	-1.11B	-1.05B	-990M
Comprehensive Income and Other	-501M	196M	-336M	285M	187M
Total Common Equity	8.07B	4.85B	3.62B	3.68B	3.38B
Minority Interest	371M	318M	453M	480M	457M
Total Equity	8.44B	5.17B	4.07B	4.16B	3.83B
Total Liabilities And Equity	31.33B	36.19B	27.87B	28.82B	26.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.25B	1.22B	1.15B	1.07B	1.07B
ECS Total Common Shares Outstanding	1.25B	1.22B	1.15B	1.07B	1.07B
Book Value / Share	6.47	3.97	3.15	3.44	3.14
Tangible Book Value	-3.57B	-3.93B	-5.36B	-6.22B	-5.86B
Tangible Book Value Per Share	-2.86	-3.22	-4.66	-5.81	-5.45
Total Debt	6.76B	15.75B	6.83B	7.18B	6.88B
Net Debt	3.79B	2.85B	2.94B	4.69B	4.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	159M	156M	136M	122M	122M
Debt Equivalent Oper. Leases	1.15B	633M	474M	486M	426M
Minority Interest, Total (Incl. Fin. Div)	371M	318M	453M	480M	457M
Equity Method Investments, Total	813M	331M	413M	305M	286M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	34.3M	34.3M	43.2M	40M	11.9M
Buildings, Total	1.08B	1.09B	1.14B	1.27B	1.1B
Machinery, Total	636M	571M	541M	612M	509M
Full Time Employees	107K	99.83K	109K	115K	114K
Accumulated Allowance for Doubtful Accounts (Supple)	112M	112M	70.5M	71.5M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	624M	-2.97B	638M	683M	110M
Depreciation & Amortization - CF	487M	507M	424M	429M	422M
Amortization of Goodwill and Intangible Assets - (CF)	116M	103M	69.8M	82.6M	103M
Depreciation & Amortization, Total	603M	609M	494M	512M	524M
(Gain) Loss From Sale Of Asset	-4.7M	300K	-1.3M	-6.4M	400K
(Gain) Loss on Sale of Investments - (CF)	-38M	288M	-31.8M	17.8M	10.7M
Asset Writedown & Restructuring Costs	169M	3.04B	88.9M	112M	898M
(Income) Loss On Equity Investments - (CF)	-21.2M	136M	-23.8M	60.4M	-70.2M
Stock-Based Compensation (CF)	71.4M	74.4M	99.6M	122M	140M
Net Cash From Discontinued Operations	140M	-8.1M	-	-	-
Other Operating Activities, Total	-43.5M	42.9M	67.6M	47.8M	-116M
Change In Accounts Receivable	159M	585M	-459M	-499M	232M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	395M	195M	778M	171M	-238M
Change in Other Net Operating Assets	-203M	58M	383M	-519M	-254M
Cash from Operations	1.85B	2.05B	2.03B	701M	1.24B
Capital Expenditure	-339M	-218M	-263M	-208M	-177M
Sale of Property, Plant, and Equipment	174M	11.2M	8.7M	12.9M	4.8M
Cash Acquisitions	-134M	-148M	-287M	-226M	-257M
Divestitures	-328M	-47.7M	-23.6M	-12.4M	-700K
Sale (Purchase) of Intangible assets	-54.8M	-54.4M	-29.9M	-14.9M	-40M
Investment in Marketable and Equity Securities, Total	2.44B	290M	-47.3M	40M	89.7M
Cash from Investing	1.76B	-168M	-642M	-409M	-380M
Long-Term Debt Issued, Total	-	916M	-	-	1.05B
Total Debt Issued	-	916M	-	-	1.05B
Long-Term Debt Repaid, Total	-1.96B	-583M	-718M	-530M	-1.41B
Total Debt Repaid	-1.96B	-583M	-718M	-530M	-1.41B
Issuance of Common Stock	600K	-	4.4M	1.2M	700K
Repurchase of Common Stock	-43.8M	-290M	-818M	-863M	-53.9M
Common Dividends Paid	-750M	-122M	-315M	-365M	-423M
Common & Preferred Stock Dividends Paid	-750M	-122M	-315M	-365M	-423M
Other Financing Activities, Total	-165M	-171M	-210M	-154M	-75.1M
Cash from Financing	-2.92B	-250M	-2.06B	-1.91B	-905M
Foreign Exchange Rate Adjustments	-89.7M	-99.2M	-130M	64.2M	-79.6M
Miscellaneous Cash Flow Adjustments	-66.3M	-	-	-	-
Net Change in Cash	532M	1.54B	-796M	-1.55B	-126M
Supplemental Items
Cash Interest Paid	376M	272M	262M	303M	103M
Cash Income Tax Paid (Refund)	536M	372M	391M	391M	395M
Levered Free Cash Flow	961M	-508M	1.88B	499M	172M
Unlevered Free Cash Flow	1.18B	-317M	2.05B	720M	409M
Change In Net Working Capital	-100M	-700M	-984M	536M	364M
Net Debt Issued / Repaid	-1.96B	333M	-718M	-530M	-354M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.47	-3.77	2.39	2.98	1.17
Return on Total Capital	5.09	-6.43	4.83	7.6	2.95
Return On Equity %	7.75	-43	15.81	18.84	4.93
Return on Common Equity	7.19	-46.13	15.28	18.71	3.13
Margin Analysis
Gross Profit Margin %	18.2	16.79	17.21	17.59	16.97
SG&A Margin	8.47	35.82	7.65	8.22	13.46
EBITDA Margin %	12.02	-16.72	11.29	11.1	5.31
EBITA Margin %	10.61	-18.17	10.11	9.94	4.2
EBIT Margin %	9.74	-19.03	9.57	9.37	3.51
Income From Continuing Operations Margin %	5.34	-24.33	5.63	5.37	1.33
Net Income Margin %	4.72	-24.72	4.98	4.73	0.74
Net Avail. For Common Margin %	4.74	-24.78	4.98	4.73	0.74
Normalized Net Income Margin	4.04	-15.09	4.38	4.17	0.75
Levered Free Cash Flow Margin	7.26	-4.23	14.65	3.46	1.16
Unlevered Free Cash Flow Margin	8.92	-2.64	16.02	4.99	2.75
Asset Turnover
Asset Turnover	0.41	0.32	0.4	0.51	0.54
Fixed Assets Turnover	7.17	4.89	5.58	5.99	6.26
Receivables Turnover (Average Receivables)	1.68	1.69	1.87	1.98	1.97
Inventory Turnover (Average Inventory)	- <