Cash flow Bridgestone Corporation

Equities

5108

JP3830800003

Tires & Rubber Products

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-10 EDT			5-day change	1st Jan Change
5,375.00 ^JPY	-1.21%		-4.55%	-7.96%

09-02	Eni, Versalis sign agreement to recycle tires	AN
09-02	Eni Unit, Bridgestone, Grupo BB&G Team Up to Develop Recycling System for End-of-life Tires	MT

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Published financial data: BRIDGESTONE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3,526B	2,995B	3,246B	4,110B	4,314B
Total Revenues	3,526B	2,995B	3,246B	4,110B	4,314B
Cost of Goods Sold, Total	2,202B	1,907B	1,930B	2,517B	2,661B
Gross Profit	1,324B	1,088B	1,316B	1,593B	1,653B
Selling General & Admin Expenses, Total	850B	722B	743B	945B	947B
R&D Expenses	105B	95.2B	95.48B	112B	122B
Depreciation & Amortization - (IS)	42.53B	89.91B	89.78B	101B	113B
Other Operating Expenses	-	1.5B	-7.03B	-19.83B	-16.34B
Other Operating Expenses, Total	998B	909B	922B	1,139B	1,165B
Operating Income	326B	179B	395B	455B	487B
Interest Expense, Total	-10.31B	-17.17B	-13.78B	-17.16B	-21.03B
Interest And Investment Income	12.89B	3.47B	2.3B	2.58B	31.01B
Net Interest Expenses	2.58B	-13.7B	-11.48B	-14.59B	9.98B
Income (Loss) On Equity Invest.	-	-1.43B	6.21B	5.78B	5.34B
Currency Exchange Gains (Loss)	-8.01B	-3.19B	-899M	-19.06B	-47.38B
Other Non Operating Income (Expenses)	-3.84B	1.66B	6.96B	10.03B	-5.56B
EBT, Excl. Unusual Items	317B	163B	396B	437B	450B
Restructuring Charges	-	-42.82B	-13.76B	-7.44B	-17.92B
Gain (Loss) On Sale Of Investments	76.65B	-18.2B	-	-	-
Gain (Loss) On Sale Of Assets	30.61B	17.29B	-561M	11.67B	14.1B
Asset Writedown	-18.29B	-89.62B	-3.73B	-17.49B	-1.83B
Legal Settlements	-	-	-	-	-
Other Unusual Items	1.46B	-	-	-	-
EBT, Incl. Unusual Items	407B	29.27B	378B	423B	444B
Income Tax Expense	108B	49B	63.23B	112B	111B
Earnings From Continuing Operations	299B	-19.73B	314B	311B	333B
Earnings Of Discontinued Operations	-	-	86.17B	-5.14B	4.38B
Net Income to Company	299B	-19.73B	401B	306B	337B
Minority Interest	-6.35B	-3.57B	-6.49B	-5.5B	-6.05B
Net Income - (IS)	293B	-23.3B	394B	300B	331B
Net Income to Common Incl Extra Items	293B	-23.3B	394B	300B	331B
Net Income to Common Excl. Extra Items	293B	-23.3B	308B	306B	327B
Per Share Items
Net EPS - Basic	404.95	-33.09	559.56	432.29	483.99
Basic EPS - Continuing Operations	404.95	-33.09	437.19	439.69	477.6
Basic Weighted Average Shares Outstanding	723M	704M	704M	695M	685M
Net EPS - Diluted	404.28	-33.09	558.71	431.7	483.4
Diluted EPS - Continuing Operations	404.28	-33.09	436.53	439.09	477.02
Diluted Weighted Average Shares Outstanding	724M	704M	705M	696M	685M
Normalized Basic EPS	265.26	139.28	341.93	384.92	401.86
Normalized Diluted EPS	264.82	139.28	341.42	384.39	401.38
Dividend Per Share	160	110	170	175	200
Payout Ratio	40.22	-392.79	25.92	39.63	39.25
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	556B	447B	645B	737B	793B
EBITA	333B	179B	395B	455B	487B
EBIT	326B	179B	395B	455B	487B
Effective Tax Rate - (Ratio)	26.59	167.41	16.75	26.56	25.03
Normalized Net Income	192B	98.07B	241B	267B	275B
Non-Cash Pension Expense	6.84B	-4.23B	-1.69B	-7.13B	529M
Supplemental Operating Expense Items
Advertising Expense	107B	97.44B	84.41B	107B	91.5B
Selling and Marketing Expenses	291B	253B	272B	372B	314B
Research And Development Expense From Footnotes	105B	95.2B	95.5B	112B	122B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	441B	811B	788B	519B	725B
Short Term Investments	136B	-	-	-	-
Total Cash And Short Term Investments	577B	811B	788B	519B	725B
Accounts Receivable, Total	562B	668B	742B	947B	952B
Other Receivables	-	18.58B	27.88B	44.03B	45.84B
Total Receivables	562B	686B	769B	991B	998B
Inventory	596B	491B	630B	885B	869B
Prepaid Expenses	-	23.44B	32.59B	42.55B	51.4B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	135B	42.96B	73.11B	75.25B	54.71B
Total Current Assets	1,871B	2,055B	2,293B	2,513B	2,697B
Net Property Plant And Equipment	1,562B	1,682B	1,722B	1,858B	2,058B
Long-term Investments	223B	188B	223B	213B	234B
Goodwill	91.41B	97.65B	125B	136B	150B
Other Intangibles, Total	114B	117B	135B	160B	201B
Loans Receivable Long-Term	7.98B	-	-	-	-
Deferred Tax Assets Long-Term	77.08B	49.41B	76.79B	81.62B	88.14B
Other Long-Term Assets, Total	2M	-	2M	-	-1M
Total Assets	3,947B	4,189B	4,575B	4,962B	5,428B
Liabilities
Accounts Payable, Total	202B	420B	517B	607B	599B
Accrued Expenses, Total	194B	58.6B	69.73B	75.3B	67.29B
Short-term Borrowings	135B	186B	63B	92.25B	124B
Current Portion of Long-Term Debt	-	108B	86.98B	15.62B	134B
Current Portion of Leases	12.09B	53.97B	54.85B	56.03B	61.31B
Current Income Taxes Payable	216B	47.44B	49.55B	64.12B	91.12B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	78.91B	168B	148B	173B	187B
Total Current Liabilities	838B	1,042B	989B	1,084B	1,264B
Long-Term Debt	384B	412B	357B	346B	240B
Long-Term Leases	65.67B	246B	250B	258B	271B
Pension & Other Post Retirement Benefits	201B	192B	172B	155B	154B
Deferred Tax Liability Non Current	34.98B	28.49B	43.81B	38.71B	30.95B
Other Non Current Liabilities	77.59B	73.88B	88.51B	68.06B	63.43B
Total Liabilities	1,602B	1,994B	1,900B	1,949B	2,022B
Common Stock, Total	126B	126B	126B	126B	126B
Additional Paid In Capital	122B	122B	122B	120B	120B
Retained Earnings	2,536B	2,000B	2,308B	2,498B	2,711B
Treasury Stock	-232B	-38.66B	-38.12B	-137B	-135B
Comprehensive Income and Other	-260B	-59.85B	112B	359B	531B
Total Common Equity	2,292B	2,150B	2,630B	2,966B	3,354B
Minority Interest	52.58B	45.33B	45.47B	46.65B	51.8B
Total Equity	2,344B	2,195B	2,675B	3,012B	3,405B
Total Liabilities And Equity	3,947B	4,189B	4,575B	4,962B	5,428B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	704M	704M	703M	684M	685M
ECS Total Common Shares Outstanding	704M	704M	704M	684M	685M
Book Value / Share	3.26K	3.05K	3.73K	4.33K	4.9K
Tangible Book Value	2,087B	1,935B	2,370B	2,669B	3,003B
Tangible Book Value Per Share	2.96K	2.75K	3.36K	3.9K	4.39K
Total Debt	597B	1,006B	811B	767B	830B
Net Debt	20.16B	196B	23.6B	248B	106B
Debt Equivalent of Unfunded Proj. Benefit Obligation	137B	170B	143B	126B	121B
Minority Interest, Total (Incl. Fin. Div)	52.58B	45.33B	45.47B	46.65B	51.8B
Equity Method Investments, Total	-	24.54B	25.13B	38.89B	41.18B
Inventories - Raw Materials, Total	151B	138B	190B	273B	234B
Inventories - Work In Process, Total	39.36B	32.62B	35.6B	46.2B	50.98B
Inventories - Finished Goods, Total	406B	317B	402B	562B	580B
Inventories - Others	-	2.97B	3.19B	3.58B	3.01B
Full Time Employees	144K	138K	136K	129K	125K
Accumulated Allowance for Doubtful Accounts (Supple)	21.38B	37.26B	37.74B	38.72B	43.62B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	407B	29.27B	378B	423B	444B
Depreciation & Amortization - CF	223B	267B	250B	282B	306B
Amortization of Goodwill and Intangible Assets - (CF)	6.89B	-	-	-	-
Depreciation & Amortization, Total	230B	267B	250B	282B	306B
(Gain) Loss From Sale Of Asset	-11.39B	72.34B	6.1B	6.54B	-12.26B
(Gain) Loss on Sale of Investments - (CF)	-76.65B	18.2B	-	-	-
(Income) Loss On Equity Investments - (CF)	3.35B	1.43B	-6.21B	-5.78B	-5.34B
Net Cash From Discontinued Operations	-	-	141B	-24.82B	5.34B
Other Operating Activities, Total	-73.71B	-72.02B	-148B	-83.66B	-51.32B
Change In Accounts Receivable	23.82B	56.91B	-69.93B	-140B	56.81B
Change In Inventories	11.57B	129B	-140B	-195B	85.32B
Change In Accounts Payable	-39.65B	6.82B	88.57B	38.78B	-66.12B
Change in Other Net Operating Assets	-10.13B	17.72B	-217B	-33.15B	-101B
Cash from Operations	464B	527B	282B	268B	661B
Capital Expenditure	-271B	-201B	-161B	-221B	-282B
Sale of Property, Plant, and Equipment	38.1B	38.86B	10B	27.68B	29.61B
Cash Acquisitions	-110B	-1.87B	-	-	-
Sale (Purchase) of Intangible assets	-9.39B	-17.44B	-23.95B	-33.43B	-60.49B
Investment in Marketable and Equity Securities, Total	84.46B	19.76B	-4.36B	-863M	25.72B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2.07B	-961M	1.84B	-9.45B	-6.23B
Other Investing Activities, Total	2.88B	6.96B	309B	-101B	-3.88B
Cash from Investing	-267B	-155B	132B	-338B	-298B
Short Term Debt Issued, Total	35.13B	309B	94.67B	204B	20.87B
Long-Term Debt Issued, Total	200B	117B	26.53B	554M	23.11B
Total Debt Issued	235B	426B	121B	205B	43.98B
Short Term Debt Repaid, Total	-	-248B	-220B	-182B	-
Long-Term Debt Repaid, Total	-93.36B	-3.35B	-109B	-94.11B	-20.67B
Total Debt Repaid	-93.36B	-252B	-329B	-277B	-20.67B
Repurchase of Common Stock	-200B	-3M	-	-100B	-
Common & Preferred Stock Dividends Paid	-118B	-91.52B	-102B	-119B	-130B
Common & Preferred Stock Dividends Paid	-118B	-91.52B	-102B	-119B	-130B
Other Financing Activities, Total	-22.72B	-64.65B	-69.05B	-73.12B	-76.92B
Cash from Financing	-199B	18.08B	-379B	-364B	-184B
Foreign Exchange Rate Adjustments	2.46B	-12.02B	48.35B	65.16B	25.48B
Miscellaneous Cash Flow Adjustments	-	-	-105B	99.84B	164M
Net Change in Cash	1.4B	378B	-23B	-269B	206B
Supplemental Items
Cash Interest Paid	9.28B	13.96B	13.37B	14.57B	17.76B
Cash Income Tax Paid (Refund)	79.71B	71.72B	148B	86.16B	57.98B
Levered Free Cash Flow	221B	203B	133B	-51.45B	299B
Unlevered Free Cash Flow	227B	214B	141B	-40.73B	312B
Change In Net Working Capital	-73.45B	-52.8B	171B	352B	-44.98B
Net Debt Issued / Repaid	142B	174B	-208B	-71.96B	23.31B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.22	2.75	5.63	5.96	5.86
Return on Total Capital	7.04	3.65	7.38	7.82	7.6
Return On Equity %	12.51	-0.87	12.91	10.94	10.38
Return on Common Equity	12.52	-1.05	12.88	10.92	10.35
Margin Analysis
Gross Profit Margin %	37.55	36.33	40.56	38.76	38.31
SG&A Margin	24.11	24.11	22.9	22.99	21.94
EBITDA Margin %	15.77	14.92	19.88	17.92	18.39
EBITA Margin %	9.44	5.99	12.16	11.06	11.3
EBIT Margin %	9.25	5.99	12.16	11.06	11.3
Income From Continuing Operations Margin %	8.48	-0.66	9.68	7.57	7.72
Net Income Margin %	8.3	-0.78	12.14	7.31	7.68
Net Avail. For Common Margin %	8.3	-0.78	9.48	7.43	7.58
Normalized Net Income Margin	5.44	3.27	7.42	6.51	6.38
Levered Free Cash Flow Margin	6.27	6.79	4.08	-1.25	6.94
Unlevered Free Cash Flow Margin	6.45	7.15	4.35	-0.99	7.24
Asset Turnover
Asset Turnover	0.9	0.74	0.74	0.86	0.83
Fixed Assets Turnover	2.33	1.85	1.91	2.3	2.2
Receivables Turnover (Average Receivables)	6.18	4.87	4.61	4.87	4.54
Inventory Turnover (Average Inventory)	3.63	3.51	3.44	3.32	3.03
Short Term Liquidity
Current Ratio	2.23	1.97	2.32	2.32	2.13
Quick Ratio	1.36	1.44	1.57	1.39	1.36
Operating Cash Flow to Current Liabilities	0.55	0.51	0.28	0.25	0.52
Days Sales Outstanding (Average Receivables)	59.09	75.14	79.24	74.96	80.34
Days Outstanding Inventory (Average Inventory)	100.6	104.4	106.06	109.89	120.28
Average Days Payable Outstanding	36.49	63.21