Cash flow BMW AG

Equities

BMW

DE0005190003

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 11:44:27 2024-09-20 EDT			5-day change	1st Jan Change
73.64 ^EUR	-3.28%		+0.44%	-26.93%

09-20	Car Companies Cut Guidance and Warn of Pain to Come -- At a Glance	DJ
09-20	Mercedes-Benz profit warning weighs on car sector	DP

b16241ef91da6a5f56d.8vIOBCs_OB_9Q8Am4uzN0ExTpAbaOvwwozgwH58qVwo.sbReR0JtdmeYLIV_t6GFqAoX5jG9UI9nm2F0La4dBXjBwzlPZ2t3d5h7iQ

Published financial data: BMW AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	74.61B	68.95B	78.37B	107B	119B
Finance Div. Revenues	29.6B	30.04B	32.87B	35.12B	36.23B
Total Revenues	104B	98.99B	111B	143B	155B
Cost of Goods Sold, Total	62.52B	58.45B	61.5B	87.6B	94.26B
Finance Div. Operating Exp.	22.72B	28.32B	29.22B	32B	33.25B
Interest Expense - Finance Division	2.3B	4M	3M	6M	11M
Gross Profit	16.68B	12.21B	20.52B	23B	27.97B
Selling General & Admin Expenses, Total	8.07B	7.5B	7.87B	9.08B	9.48B
Other Operating Expenses	-114M	-129M	-736M	-55M	136M
Other Operating Expenses, Total	7.95B	7.37B	7.13B	9.03B	9.61B
Operating Income	8.72B	4.84B	13.38B	13.98B	18.36B
Interest Expense, Total	-451M	-420M	-140M	-	-636M
Interest And Investment Income	175M	113M	133M	416M	696M
Net Interest Expenses	-276M	-307M	-7M	416M	60M
Income (Loss) On Equity Invest.	136M	920M	1.52B	-100M	-159M
Currency Exchange Gains (Loss)	-33M	40M	28M	14M	28M
Other Non Operating Income (Expenses)	-481M	-229M	639M	1.48B	-1.13B
EBT, Excl. Unusual Items	8.07B	5.26B	15.56B	15.78B	17.16B
Gain (Loss) On Sale Of Investments	80M	48M	584M	7.77B	-57M
Gain (Loss) On Sale Of Assets	41M	-87M	-85M	-43M	-9M
Asset Writedown	-	-	-	-	-
Legal Settlements	-1.4B	-	-	-	-
Other Unusual Items	329M	-	-	-	-
EBT, Incl. Unusual Items	7.12B	5.22B	16.06B	23.51B	17.1B
Income Tax Expense	2.14B	1.36B	3.6B	4.93B	4.93B
Earnings From Continuing Operations	4.98B	3.86B	12.46B	18.58B	12.16B
Earnings Of Discontinued Operations	44M	-	-	-	-
Net Income to Company	5.02B	3.86B	12.46B	18.58B	12.16B
Minority Interest	-107M	-82M	-81M	-641M	-875M
Net Income - (IS)	4.92B	3.78B	12.38B	17.94B	11.29B
Net Income to Common Incl Extra Items	4.92B	3.78B	12.38B	17.94B	11.29B
Net Income to Common Excl. Extra Items	4.87B	3.78B	12.38B	17.94B	11.29B
Per Share Items
Net EPS - Basic	7.47	5.73	18.77	27.31	17.68
Basic EPS - Continuing Operations	7.4	5.73	18.77	27.31	17.68
Basic Weighted Average Shares Outstanding	658M	659M	660M	657M	639M
Net EPS - Diluted	7.47	5.73	18.77	27.31	17.68
Diluted EPS - Continuing Operations	7.4	5.73	18.77	27.31	17.68
Diluted Weighted Average Shares Outstanding	658M	659M	660M	657M	639M
Normalized Basic EPS	7.5	4.87	14.62	14.04	15.42
Normalized Diluted EPS	7.5	4.87	14.62	14.04	15.42
Dividend Per Share	2.5	1.9	5.8	8.5	6
Payout Ratio	46.86	43.6	10.12	21.33	48.1
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
EBITDA	12.6B	8.76B	17.46B	19.62B	24.12B
EBITA	8.87B	5.02B	13.58B	15.45B	19.83B
EBIT	8.72B	4.84B	13.38B	13.98B	18.36B
EBITDAR	12.7B	8.87B	17.54B	19.71B	24.22B
Effective Tax Rate - (Ratio)	30.06	26.14	22.4	20.96	28.84
Total Current Taxes	3.32B	2.02B	2.51B	5.07B	5.37B
Total Deferred Taxes	-1.18B	-658M	1.08B	-142M	-439M
Normalized Net Income	4.94B	3.21B	9.64B	9.22B	9.85B
Interest on Long-Term Debt	-	55M	48M	56M	66M
Non-Cash Pension Expense	-153M	88M	549M	23M	-17M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5.95B	5.69B	6.3B	6.62B	7.54B
Net Rental Expense, Total	97M	104M	88M	94M	93M
Imputed Operating Lease Interest Expense	3.94M	5.17M	1.59M	-	9.12M
Imputed Operating Lease Depreciation	93.06M	98.83M	86.41M	-	83.88M
Stock-Based Comp., SG&A Exp. (Total)	-	9M	-	-	-
Stock-Based Comp., Other (Total)	11.98M	1.82M	2.74M	639K	598K
Total Stock-Based Compensation	11.98M	10.82M	2.74M	639K	598K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.96B	10.67B	12.54B	13.34B	14.24B
Total Cash And Short Term Investments	9.96B	10.67B	12.54B	13.34B	14.24B
Accounts Receivable, Total	2.42B	2.2B	2.17B	4.01B	3.98B
Other Receivables	7.08B	542M	7.25B	962M	5.23B
Total Receivables	9.5B	2.74B	9.41B	4.98B	9.21B
Inventory	15.08B	14.08B	15.52B	19.48B	23.03B
Finance Division Loans and Leases Current	41.51B	36.35B	35.8B	35.45B	37.02B
Finance Division Other Current Assets, Total	2.97B	3.74B	3.96B	4.19B	3.88B
Other Current Assets, Total	11.61B	14.22B	8.94B	14.77B	7.6B
Total Current Assets	90.63B	81.81B	86.17B	92.2B	94.97B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	23.16B	21.77B	22.32B	32B	35.17B
Long-term Investments	3.9B	4.32B	6.35B	1.77B	1.64B
Other Intangibles, Total	11.34B	11.96B	12.61B	21.41B	19.66B
Finance Division Loans and Leases Long-Term	51.03B	48.02B	51.71B	50.37B	50.52B
Finance Division Other Long-Term Assets, Total	43.09B	42.45B	45.14B	43.31B	43.58B
Deferred Tax Assets Long-Term	2.19B	2.46B	2.2B	1.76B	2.43B
Other Long-Term Assets, Total	2.7B	3.86B	3.02B	4.1B	2.92B
Total Assets	228B	217B	230B	247B	251B
Liabilities
Accounts Payable, Total	9.24B	7.75B	10.04B	13.27B	14.48B
Accrued Expenses, Total	-	-	-	-	-
Current Portion of Long-Term Debt	19.17B	13.86B	16.88B	15.01B	16.74B
Finance Division Debt Current	26.92B	25.13B	24.24B	25.72B	25.38B
Finance Division Other Current Liabilities, Total	1.44B	1.47B	1.49B	1.49B	1.77B
Current Income Taxes Payable	769M	555M	781M	1.1B	1.26B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	25.09B	23.2B	23.03B	27.83B	27.36B
Total Current Liabilities	82.62B	71.96B	76.47B	84.42B	87B
Long-Term Debt	52.48B	49.66B	43.43B	37.13B	34.88B
Finance Division Debt Non Current	18.17B	17.73B	18.91B	16.34B	18B
Finance Division Other Non Current Liabilities, Total	149M	195M	187M	176M	175M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	3.29B	3.64B	1.21B	319M	410M
Deferred Tax Liability Non Current	632M	509M	1.46B	2.76B	2.8B
Other Non Current Liabilities	10.79B	11.44B	12.73B	14.49B	14.7B
Total Liabilities	168B	155B	154B	156B	158B
Common Stock, Total	659M	660M	661M	663M	639M
Additional Paid In Capital	2.16B	2.2B	2.32B	2.43B	2.46B
Retained Earnings	57.67B	59.55B	71.7B	85.42B	89.07B
Treasury Stock	-	-	-	-1.28B	-500M
Comprehensive Income and Other	-1.16B	-1.52B	-325M	-117M	-2.07B
Total Common Equity	59.32B	60.89B	74.37B	87.12B	89.6B
Minority Interest	583M	629M	766M	4.16B	3.33B
Total Equity	59.91B	61.52B	75.13B	91.29B	92.92B
Total Liabilities And Equity	228B	217B	230B	247B	251B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	658M	660M	661M	646M	634M
ECS Total Common Shares Outstanding	658M	660M	661M	646M	634M
Book Value / Share	90.14	92.3	112.44	134.85	141.42
Tangible Book Value	47.6B	48.55B	61.39B	65.35B	69.57B
Tangible Book Value Per Share	72.32	73.59	92.81	101.15	109.82
Total Debt	117B	106B	103B	94.2B	95.01B
Net Debt	107B	95.7B	90.92B	80.86B	80.77B
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.31B	3.68B	-22M	-698M	-429M
Debt Equivalent Oper. Leases	776M	832M	704M	752M	744M
Minority Interest, Total (Incl. Fin. Div)	583M	629M	766M	4.16B	3.33B
Equity Method Investments, Total	3.4B	3.8B	5.36B	711M	677M
Account Code - Inventory Valuation	6	6	6	6	6
Full Time Employees	134K	121K	119K	149K	155K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.92B	3.78B	12.38B	17.94B	11.29B
Depreciation & Amortization - CF	4.2B	4.25B	4.36B	4.83B	5.12B
Amortization of Goodwill and Intangible Assets - (CF)	148M	183M	202M	1.47B	1.47B
Depreciation & Amortization, Total	4.35B	4.43B	4.56B	6.3B	6.59B
Amortization of Deferred Charges, Total - (CF)	1.67B	1.71B	1.94B	2.26B	2.39B
(Gain) Loss From Sale Of Asset	4M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-3.56B	4.19B	965M	1.89B	-3.62B
(Income) Loss On Equity Investments - (CF)	-136M	-920M	-1.52B	100M	159M
Net Cash From Discontinued Operations	-44M	-	-	-	-
Other Operating Activities, Total	-5.02B	-808M	-1.33B	-3.3B	105M
Change In Accounts Receivable	14M	160M	119M	-939M	-187M
Change In Inventories	-1.56B	370M	-563M	-115M	-4.14B
Change In Accounts Payable	429M	-1.53B	1.8B	531M	1.61B
Change in Other Net Operating Assets	2.61B	1.87B	-2.45B	-1.15B	3.35B
Cash from Operations	3.66B	13.25B	15.9B	23.52B	17.54B
Capital Expenditure	-6.9B	-6.15B	-6.62B	-9.05B	-10.88B
Sale of Property, Plant, and Equipment	32M	34M	40M	103M	116M
Cash Acquisitions	-	-	-	3.59B	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.11B	1.41B	136M	486M	1.22B
Other Investing Activities, Total	693M	1.07B	54M	102M	-
Cash from Investing	-7.28B	-3.64B	-6.39B	-4.77B	-9.55B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	151B	165B	227B	16.05B	23.91B
Total Debt Issued	151B	165B	227B	16.05B	23.91B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-144B	-172B	-232B	-27.34B	-22.43B
Total Debt Repaid	-144B	-172B	-232B	-27.34B	-22.43B
Issuance of Common Stock	33M	28M	103M	85M	-
Repurchase of Common Stock	-	-	-	-1.28B	-1.24B
Common Dividends Paid	-2.3B	-1.65B	-1.25B	-3.83B	-5.43B
Common & Preferred Stock Dividends Paid	-2.3B	-1.65B	-1.25B	-3.83B	-5.43B
Other Financing Activities, Total	-262M	-300M	-241M	-1.68B	-1.67B
Cash from Financing	4.79B	-8.25B	-6.74B	-17.98B	-6.86B
Foreign Exchange Rate Adjustments	-28M	180M	-307M	104M	-705M
Miscellaneous Cash Flow Adjustments	-83M	-40M	-	-10M	27M
Net Change in Cash	1.06B	1.5B	2.47B	861M	457M
Supplemental Items
Cash Interest Paid	199M	275M	217M	222M	186M
Cash Income Tax Paid (Refund)	3.39B	1.6B	3.22B	4.51B	5.05B
Levered Free Cash Flow	30.24B	6.95B	7.13B	12.85B	8.15B
Unlevered Free Cash Flow	30.52B	7.21B	7.22B	12.85B	8.55B
Change In Net Working Capital	-25.94B	-4.19B	1.02B	-4.59B	1.02B
Net Debt Issued / Repaid	7.32B	-6.34B	-5.34B	-11.29B	1.48B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.48	1.36	3.75	3.67	4.61
Return on Total Capital	3.2	1.75	4.83	4.8	6.15
Return On Equity %	8.46	6.35	18.24	22.33	13.21
Return on Common Equity	8.36	6.28	18.31	22.22	12.78
Margin Analysis
Gross Profit Margin %	16	12.34	18.44	16.13	17.99
SG&A Margin	7.74	7.58	7.07	6.37	6.09
EBITDA Margin %	12.1	8.85	15.69	13.76	15.51
EBITA Margin %	8.51	5.07	12.21	10.83	12.75
EBIT Margin %	8.37	4.89	12.03	9.8	11.81
Income From Continuing Operations Margin %	4.78	3.9	11.2	13.03	7.82
Net Income Margin %	4.72	3.81	11.13	12.58	7.26
Net Avail. For Common Margin %	4.67	3.81	11.13	12.58	7.26
Normalized Net Income Margin	4.74	3.24	8.67	6.47	6.34
Levered Free Cash Flow Margin	29.02	7.02	6.41	9.01	5.24
Unlevered Free Cash Flow Margin	29.29	7.28	6.49	9.01	5.5
Asset Turnover
Asset Turnover	0.47	0.45	0.5	0.6	0.62