Income Statement Adevinta Oslo Bors

Stocks

ADE

NO0010844038

Real-time Oslo Bors Other stock markets 10:45:00 2024-06-05 EDT			5-day change	1st Jan Change
114.20 ^NOK	-.--%		+0.26%	-

02-26	EQT X, a fund managed by EQT AB (OM:EQT) completed the acquisition of Adevinta Spain S.L.U. from Adevinta AS.	CI
25-10-31	EQT Considers Acquisition of Mobile.de for EUR10 Billion - Financial Times	FW

fec3a9026cef98135a.UZNHtk3-uu6sAQi_3n9QDiKfGrvMS-ZAB-yRYQKFWUg.GPoh7g-s8dqYS1CGtiA2URbRScidGI0LKqviI23qYAAe9gPEBJDfnutlXQ

Published financial data: ADEVINTA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	680M	674M	1.14B	1.64B	1.83B
Total Revenues	680M	674M	1.14B	1.64B	1.83B
Cost of Goods Sold, Total	235M	258M	368M	483M	526M
Gross Profit	446M	416M	771M	1.16B	1.3B
Selling General & Admin Expenses, Total	96.6M	79.8M	155M	197M	177M
Depreciation & Amortization - (IS)	45.3M	60.6M	156M	300M	300M
Other Operating Expenses	149M	153M	261M	450M	493M
Other Operating Expenses, Total	291M	294M	572M	947M	970M
Operating Income	154M	122M	199M	214M	330M
Interest Expense, Total	-6.2M	-10.4M	-60M	-77M	-84M
Interest And Investment Income	200K	1.2M	9M	26M	29M
Net Interest Expenses	-6M	-9.2M	-51M	-51M	-55M
Income (Loss) On Equity Invest.	5.9M	16.2M	-8M	-121M	-108M
Currency Exchange Gains (Loss)	1.4M	-84.5M	-2M	28M	8M
Other Non Operating Income (Expenses)	-1.3M	-1M	-16M	-27M	-23M
EBT, Excl. Unusual Items	154M	43.4M	122M	43M	152M
Restructuring Charges	-6.8M	-2.4M	-5M	-17M	-22M
Merger & Related Restructuring Charges	-1M	-38.6M	-96M	-79M	-70M
Impairment of Goodwill	-22.6M	-42.4M	-2M	-1.49B	-
Gain (Loss) On Sale Of Investments	-100K	2.3M	10M	4M	2M
Gain (Loss) On Sale Of Assets	400K	3.6M	-45M	14M	7M
Asset Writedown	-2M	-400K	-20M	-230M	-147M
Insurance Settlements	-	-	-	-	2M
Other Unusual Items	-5.4M	-4.3M	-	-	-15M
EBT, Incl. Unusual Items	117M	-38.8M	-36M	-1.76B	-91M
Income Tax Expense	49.6M	31M	19M	10M	40M
Earnings From Continuing Operations	67.1M	-69.8M	-55M	-1.77B	-131M
Earnings Of Discontinued Operations	-	-	7M	-57M	-3M
Net Income to Company	67.1M	-69.8M	-48M	-1.82B	-134M
Minority Interest	-3.1M	-1.8M	-6M	-8M	-8M
Net Income - (IS)	64M	-71.6M	-54M	-1.83B	-142M
Net Income to Common Incl Extra Items	64M	-71.6M	-54M	-1.83B	-142M
Net Income to Common Excl. Extra Items	64M	-71.6M	-61M	-1.78B	-139M
Per Share Items
Net EPS - Basic	0.09	-0.1	-0.06	-1.5	-0.12
Basic EPS - Continuing Operations	0.09	-0.1	-0.06	-1.45	-0.11
Basic Weighted Average Shares Outstanding	682M	685M	963M	1.22B	1.22B
Net EPS - Diluted	0.09	-0.1	-0.06	-1.5	-0.12
Diluted EPS - Continuing Operations	0.09	-0.1	-0.06	-1.45	-0.11
Diluted Weighted Average Shares Outstanding	683M	688M	965M	1.22B	1.22B
Normalized Basic EPS	0.14	0.04	0.07	0.02	0.07
Normalized Diluted EPS	0.14	0.04	0.07	0.02	0.07
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	168M	134M	262M	402M	466M
EBITA	159M	126M	249M	355M	453M
EBIT	154M	122M	199M	214M	330M
EBITDAR	169M	135M	-	406M	470M
Effective Tax Rate - (Ratio)	42.5	-79.9	-52.78	-0.57	-43.96
Total Current Taxes	50.2M	53.8M	65M	40M	137M
Total Deferred Taxes	1M	-22.8M	-46M	-23M	-101M
Normalized Net Income	93.28M	25.32M	70.25M	18.88M	87M
Interest on Long-Term Debt	1.7M	2.2M	32M	31M	32M
Non-Cash Pension Expense	1M	1.7M	2M	3M	1M
Supplemental Operating Expense Items
Marketing Expenses	96.6M	79.8M	155M	193M	173M
Selling and Marketing Expenses	96.6M	79.8M	155M	193M	173M
Net Rental Expense, Total	1M	600K	-	4M	4M
Imputed Operating Lease Interest Expense	138K	51.74K	-	1.02M	1.3M
Imputed Operating Lease Depreciation	862K	548K	-	2.98M	2.7M
Stock-Based Comp., COGS (Total)	6M	7.5M	31M	33M	44M
Stock-Based Comp., Other (Total)	-	-	1M	-	-
Total Stock-Based Compensation	6M	7.5M	32M	33M	44M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	71.8M	131M	231M	70M	57M
Trading Asset Securities, Total	-	-	-	-	16M
Total Cash And Short Term Investments	71.8M	131M	231M	70M	73M
Accounts Receivable, Total	102M	90.8M	183M	196M	247M
Other Receivables	40.8M	21.2M	42M	43M	61M
Notes Receivable	-	-	-	51M	25M
Total Receivables	143M	112M	225M	290M	333M
Prepaid Expenses	27M	36.3M	22M	25M	39M
Other Current Assets, Total	-100K	1.06B	115M	-	11M
Total Current Assets	242M	1.34B	593M	385M	456M
Gross Property Plant And Equipment	123M	149M	258M	237M	247M
Accumulated Depreciation	-37.1M	-40.7M	-141M	-141M	-147M
Net Property Plant And Equipment	85.9M	108M	117M	96M	100M
Long-term Investments	381M	384M	401M	399M	299M
Goodwill	1.01B	936M	8.42B	6.93B	6.92B
Other Intangibles, Total	389M	385M	4.37B	3.95B	3.64B
Loans Receivable Long-Term	-	150M	160M	140M	153M
Deferred Tax Assets Long-Term	1.6M	1.6M	152M	3M	3M
Other Long-Term Assets, Total	14.7M	17.8M	34M	81M	24M
Total Assets	2.12B	3.32B	14.25B	11.98B	11.6B
Liabilities
Accounts Payable, Total	34.2M	20.5M	55M	43M	68M
Accrued Expenses, Total	86.4M	112M	192M	251M	399M
Short-term Borrowings	-	300K	-	-	-
Current Portion of Long-Term Debt	300K	294M	152M	9M	9M
Current Portion of Leases	13.3M	18.4M	19M	20M	21M
Current Income Taxes Payable	4.5M	5.4M	22M	3M	80M
Unearned Revenue Current, Total	56.8M	58.5M	67M	66M	71M
Other Current Liabilities	36M	172M	56M	18M	20M
Total Current Liabilities	232M	682M	563M	410M	668M
Long-Term Debt	202M	1.27B	2.31B	2.18B	1.77B
Long-Term Leases	53.2M	81.6M	73M	58M	65M
Pension & Other Post Retirement Benefits	4M	7.5M	9M	10M	12M
Deferred Tax Liability Non Current	82.9M	58.5M	896M	757M	656M
Other Non Current Liabilities	7.7M	5.8M	8M	18M	11M
Total Liabilities	581M	2.1B	3.86B	3.44B	3.18B
Common Stock, Total	13.8M	13.8M	9.04B	9.04B	9.04B
Additional Paid In Capital	133M	136M	139M	99M	-
Retained Earnings	1.43B	1.36B	1.32B	-517M	-666M
Comprehensive Income and Other	-51.7M	-302M	-127M	-84M	29M
Total Common Equity	1.52B	1.2B	10.37B	8.53B	8.4B
Minority Interest	14.4M	19.2M	18M	14M	16M
Total Equity	1.54B	1.22B	10.39B	8.55B	8.42B
Total Liabilities And Equity	2.12B	3.32B	14.25B	11.98B	11.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	685M	685M	1.22B	1.22B	1.22B
ECS Total Common Shares Outstanding	685M	685M	1.22B	1.22B	1.22B
Book Value / Share	2.23	1.76	8.47	7.02	6.89
Tangible Book Value	130M	-119M	-2.42B	-2.35B	-2.16B
Tangible Book Value Per Share	0.19	-0.17	-1.98	-1.93	-1.78
Total Debt	268M	1.66B	2.56B	2.27B	1.87B
Net Debt	197M	1.53B	2.32B	2.2B	1.79B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4M	7.5M	9M	10M	12M
Debt Equivalent Oper. Leases	8M	4.8M	-	32M	32M
Minority Interest, Total (Incl. Fin. Div)	14.4M	19.2M	18M	14M	16M
Equity Method Investments, Total	381M	369M	370M	366M	273M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	100K	-	-	-	-
Machinery, Total	62.3M	60.6M	176M	169M	169M
Full Time Employees	3.56K	3.83K	4.91K	5.56K	5.1K
Part Time Employees	-	182	244	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	11.3M	12.6M	26M	21M	27M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	64M	-71.6M	-54M	-1.83B	-142M
Depreciation & Amortization - CF	22.5M	25.1M	31M	66M	33M
Amortization of Goodwill and Intangible Assets - (CF)	4.4M	4.4M	50M	141M	123M
Depreciation & Amortization, Total	26.9M	29.5M	81M	207M	156M
Amortization of Deferred Charges, Total - (CF)	18.4M	31.4M	76M	124M	144M
(Gain) Loss From Sale Of Asset	-300K	-6.1M	33M	-23M	-6M
(Gain) Loss on Sale of Investments - (CF)	-	78.9M	3M	-	-
Asset Writedown & Restructuring Costs	24.6M	42.5M	23M	1.72B	147M
(Income) Loss On Equity Investments - (CF)	-4.8M	-14M	8M	124M	108M
Stock-Based Compensation (CF)	-	-	32M	33M	44M
Net Cash From Discontinued Operations	-	-	7M	-28M	-3M
Other Operating Activities, Total	-11M	-8.9M	-70M	-13M	-7M
Change in Other Net Operating Assets	16.3M	23M	45M	37M	26M
Cash from Operations	134M	105M	184M	352M	467M
Capital Expenditure	-48.5M	-43.5M	-77M	-89M	-120M
Sale of Property, Plant, and Equipment	-	-	-	-	1M
Cash Acquisitions	-78.8M	-7.4M	-2.18B	-11M	-4M
Divestitures	-	30.9M	274M	12M	68M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-9.8M	-297M	0	-8M	-8M
Other Investing Activities, Total	100K	-	1M	4M	-1M
Cash from Investing	-137M	-317M	-1.98B	-92M	-64M
Long-Term Debt Issued, Total	199M	491M	2.44B	-	-
Total Debt Issued	199M	491M	2.44B	-	-
Long-Term Debt Repaid, Total	-13.2M	-218M	-513M	-340M	-409M
Total Debt Repaid	-13.2M	-218M	-513M	-340M	-409M
Issuance of Common Stock	7.9M	-	-	-	-
Repurchase of Common Stock	-	-2M	-22M	-79M	-
Other Financing Activities, Total	-175M	-	-7M	-10M	-7M
Cash from Financing	19.2M	272M	1.9B	-429M	-416M
Foreign Exchange Rate Adjustments	300K	-	1M	-1M	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	16.6M	59.2M	100M	-170M	-13M
Supplemental Items
Cash Interest Paid	6.8M	5.3M	58M	74M	84M
Cash Income Tax Paid (Refund)	63.6M	41.7M	92M	60M	54M
Levered Free Cash Flow	236M	-793M	1.07B	397M	567M
Unlevered Free Cash Flow	240M	-786M	1.11B	445M	619M
Change In Net Working Capital	-140M	887M	-869M	-36M	-189M
Net Debt Issued / Repaid	186M	274M	1.93B	-340M	-409M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.51	2.8	1.42	1.02	1.75
Return on Total Capital	5.37	3.25	1.57	1.13	1.96
Return On Equity %	4.68	-5.06	-0.95	-18.66	-1.54
Return on Common Equity	4.5	-5.25	-1.05	-18.78	-1.64
Margin Analysis
Gross Profit Margin %	65.49	61.69	67.69	70.62	71.19
SG&A Margin	14.2	11.85	13.61	11.98	9.69
EBITDA Margin %	24.68	19.93	23	24.45	25.52
EBITA Margin %	23.31	18.75	21.86	21.59	24.81
EBIT Margin %	22.67	18.1	17.47	13.02	18.07
Income From Continuing Operations Margin %	9.86	-10.36	-4.83	-107.48	-7.17
Net Income Margin %	9.41	-10.63	-4.74	-111.44	-7.78
Net Avail. For Common Margin %	9.41	-10.63	-5.36	-107.97	-7.61
Normalized Net Income Margin	13.71	3.76	6.17	1.15	4.76
Levered Free Cash Flow Margin	34.65	-117.72	93.76	24.13	31.04
Unlevered Free Cash Flow Margin	35.22	-116.75	97.05	27.05	33.91
Asset Turnover
Asset Turnover	0.32	0.25	0.13	0.13	0.15
Fixed Assets Turnover	12.87	6.93	10.08	15.44	18.63
Receivables Turnover (Average Receivables)	7.32	6.98	8.34	8.7	8.24
Short Term Liquidity
Current Ratio	1.04	1.96	1.05	0.94	0.68
Quick Ratio	0.93	0.36	0.81	0.75	0.57
Operating Cash Flow to Current Liabilities	0.58	0.15	0.33	0.86	0.7
Days Sales Outstanding (Average Receivables)	49.84	52.44	43.74	41.96	44.28
Average Days Payable Outstanding	59.93	38.73	37.69	37.03	38.51
Long Term Solvency
Total Debt/Equity	17.45	135.96	24.61	26.56	22.17
Total Debt / Total Capital	14.86	57.62	19.75	20.98	18.15
LT Debt/Equity	16.56	110.32	22.96	26.22	21.82
Long-Term Debt / Total Capital	14.1	46.75	18.43	20.72	17.86
Total Liabilities / Total Assets	27.41	63.24	27.1	28.67	27.44
EBIT / Interest Expense	24.87	11.72	3.32	2.78	3.93
EBITDA / Interest Expense	29.21	14.56	4.67	5.47	5.79
(EBITDA - Capex) / Interest Expense	21.39	10.38	3.38	4.31	4.36
Total Debt / EBITDA	1.48	10.97	9.13	5.39	3.84
Net Debt / EBITDA	1.09	10.11	8.3	5.23	3.69
Total Debt / (EBITDA - Capex)	2.02	15.39	12.59	6.84	5.1
Net Debt / (EBITDA - Capex)	1.48	14.18	11.45	6.63	4.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.41	-1	69.24	44.34	11.07
Gross Profit, 1 Yr. Growth %	13.27	-6.73	85.78	50.58	11.97
EBITDA, 1 Yr. Growth %	23.91	-20.07	104.69	54.02	15.92
EBITA, 1 Yr. Growth %	22.57	-20.37	107.5	43.15	27.61
EBIT, 1 Yr. Growth %	23.86	-20.95	71.55	8.08	54.21
Earnings From Cont. Operations, 1 Yr. Growth %	-1.06K	-204.02	-21.43	3.11K	-92.59
Net Income, 1 Yr. Growth %	-964.86	-211.88	-25	3.29K	-92.25
Normalized Net Income, 1 Yr. Growth %	28.04	-72.85	222.99	-72.89	360.93
Diluted EPS Before Extra, 1 Yr. Growth %	-928.41	-216.16	-39.77	2.19K	-92.16
Accounts Receivable, 1 Yr. Growth %	22.25	-11.15	103.33	7.69	26.02
Net Property, Plant and Equip., 1 Yr. Growth %	333.84	26.31	7.34	-17.95	4.17
Total Assets, 1 Yr. Growth %	-1.56	56.78	328.74	-15.88	-3.22
Tangible Book Value, 1 Yr. Growth %	671.43	-192.05	1.94K	-3.14	-7.76
Common Equity, 1 Yr. Growth %	15.68	-21.12	761.85	-17.69	-1.58
Cash From Operations, 1 Yr. Growth %	81.46	-21.92	75.24	82.38	32.67
Capital Expenditures, 1 Yr. Growth %	513.92	-10.31	79.07	15.58	34.83
Levered Free Cash Flow, 1 Yr. Growth %	827.04	-436.36	-234.03	-62.84	42.89
Unlevered Free Cash Flow, 1 Yr. Growth %	612.76	-428.21	-239.83	-59.74	39.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.34	6.43	29.39	56.29	26.62
Gross Profit, 2 Yr. CAGR %	16.4	2.78	31.55	67.26	29.85
EBITDA, 2 Yr. CAGR %	41.38	-0.48	24.92	77.22	33.62
EBITA, 2 Yr. CAGR %	41.69	-1.21	25.3	72	35.15
EBIT, 2 Yr. CAGR %	44.16	-1.05	13.6	35.82	29.1
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.94	215.78	-9.46	402.42	54.33
Net Income, 2 Yr. CAGR %	-27.15	211.06	-8.14	404.42	62.16
Normalized Net Income, 2 Yr. CAGR %	81.31	-41.04	-13.22	-6.84	11.78
Diluted EPS Before Extra, 2 Yr. CAGR %	-97.27	210.2	-16.12	271.27	34.3
Accounts Receivable, 2 Yr. CAGR %	15.58	4.22	33.81	47.57	16.5
Net Property, Plant and Equip., 2 Yr. CAGR %	112.07	134.09	16.71	-6.15	-7.55
Total Assets, 2 Yr. CAGR %	-1.25	24.23	159.25	89.9	-9.77
Tangible Book Value, 2 Yr. CAGR %	6.72	166.48	332.3	344.01	-5.48
Common Equity, 2 Yr. CAGR %	10.87	-4.47	160.79	166.34	-10
Cash From Operations, 2 Yr. CAGR %	380.84	19.03	17.14	83.1	55.55
Capital Expenditures, 2 Yr. CAGR %	2.1K	134.66	26	43.87	24.84
Levered Free Cash Flow, 2 Yr. CAGR %	236.22	458.41	112.85	-29.44	-27.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	317.8	383.67	114.8	-24.99	-25.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.34	9.61	24.19	34.19	39.47
Gross Profit, 3 Yr. CAGR %	17.36	8.11	25.15	37.61	46.32
EBITDA, 3 Yr. CAGR %	45.78	16.9	24.58	33.78	53.84
EBITA, 3 Yr. CAGR %	46.83	16.93	24.38	30.81	55.71
EBIT, 3 Yr. CAGR %	48.07	18	16.92	11.54	41.69
Earnings From Cont. Operations, 3 Yr. CAGR %	50.21	-16.32	98.8	197.51	23.23
Net Income, 3 Yr. CAGR %	47.12	-15.95	93.96	205.9	25.41
Normalized Net Income, 3 Yr. CAGR %	76.12	-3.72	-1.2	-41.29	58.74
Diluted EPS Before Extra, 3 Yr. CAGR %	-83.52	-90.47	79.96	152.51	2.8
Accounts Receivable, 3 Yr. CAGR %	12.75	5.88	29.84	24.24	40.01
Net Property, Plant and Equip., 3 Yr. CAGR %	80.53	78.43	80.79	3.78	-2.83
Total Assets, 3 Yr. CAGR %	10.54	15.2	87.73	78.14	51.69
Tangible Book Value, 3 Yr. CAGR %	-17.32	1.59	424.35	162.57	162.97
Common Equity, 3 Yr. CAGR %	17.52	-1.02	98.89	77.56	91.13
Cash From Operations, 3 Yr. CAGR %	92.16	162.32	35.54	37.94	64.45
Capital Expenditures, 3 Yr. CAGR %	78	657.7	113.61	22.43	40.79
Levered Free Cash Flow, 3 Yr. CAGR %	-	236.27	247.61	18.94	-10.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	285.5	220.38	22.9	-7.82
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	22.02	26.31	25.16
Gross Profit, 5 Yr. CAGR %	-	-	22.84	28.7	27.01
EBITDA, 5 Yr. CAGR %	-	-	37.04	36.77	28.02
EBITA, 5 Yr. CAGR %	-	-	37.81	35.06	28.48
EBIT, 5 Yr. CAGR %	-	-	33.18	23.6	21.53
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	22.67	71.5	79.65
Net Income, 5 Yr. CAGR %	-	-	21.85	72.31	80.56
Normalized Net Income, 5 Yr. CAGR %	-	-	32.7	-7.83	3.61
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-68.4	-58.7	60.08
Accounts Receivable, 5 Yr. CAGR %	-	-	20.75	20.7	24.19
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	51.62	38.12	38.25
Total Assets, 5 Yr. CAGR %	-	-	55.45	40.69	40.04
Tangible Book Value, 5 Yr. CAGR %	-	-	60.23	83.16	164.23
Common Equity, 5 Yr. CAGR %	-	-	61.65	47.07	44.84
Cash From Operations, 5 Yr. CAGR %	-	-	57.64	127.31	44.59
Capital Expenditures, 5 Yr. CAGR %	-	-	55.02	288.94	72.31
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	80.24	86.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	100.5	79.09