Income Statement COMPAGNIE FINANCIERE RICHEMONT

Equities

CFR

CH0210483332

Apparel & Accessories

Market Closed - Swiss Exchange Other stock markets 11:30:15 2024-09-06 EDT			5-day change	1st Jan Change
119.70 ^CHF	-2.64%		-10.57%	+3.41%

09-06	Vuitton and Hermès go on sale on the stock market
09-06	Are thematic ETFs useless?

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Published financial data: COMPAGNIE FINANCIERE RICHEMONT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	14.24B	13.14B	19.18B	19.95B	20.62B
Total Revenues	14.24B	13.14B	19.18B	19.95B	20.62B
Cost of Goods Sold, Total	5.63B	5.29B	7.16B	6.24B	6.58B
Gross Profit	8.61B	7.86B	12.02B	13.72B	14.04B
Selling General & Admin Expenses, Total	6.8B	6.11B	8.29B	8.58B	9.14B
Other Operating Expenses	243M	263M	307M	48M	35M
Other Operating Expenses, Total	7.04B	6.37B	8.6B	8.63B	9.17B
Operating Income	1.56B	1.49B	3.42B	5.09B	4.86B
Interest Expense, Total	-192M	-215M	-227M	-303M	-444M
Interest And Investment Income	123M	83M	107M	219M	422M
Net Interest Expenses	-69M	-132M	-120M	-84M	-22M
Income (Loss) On Equity Invest.	17M	12M	31M	41M	39M
Currency Exchange Gains (Loss)	-245M	49M	-194M	-240M	-226M
Other Non Operating Income (Expenses)	-23M	108M	-530M	10M	70M
EBT, Excl. Unusual Items	1.24B	1.52B	2.61B	4.81B	4.72B
Merger & Related Restructuring Charges	-	-	-4M	-	-3M
Impairment of Goodwill	-1M	-6M	-	-55M	-19M
Gain (Loss) On Sale Of Assets	-	-	24M	-	-
Asset Writedown	-44M	-4M	-55M	-1M	-48M
EBT, Incl. Unusual Items	1.2B	1.52B	2.58B	4.76B	4.66B
Income Tax Expense	267M	226M	498M	847M	837M
Earnings From Continuing Operations	931M	1.29B	2.08B	3.91B	3.82B
Earnings Of Discontinued Operations	-	-	-	-3.61B	-1.46B
Net Income to Company	931M	1.29B	2.08B	301M	2.36B
Minority Interest	2M	12M	-5M	12M	7M
Net Income - (IS)	933M	1.3B	2.07B	313M	2.36B
Net Income to Common Incl Extra Items	933M	1.3B	2.07B	313M	2.36B
Net Income to Common Excl. Extra Items	933M	1.3B	2.07B	3.92B	3.82B
Per Share Items
Net EPS - Basic	1.65	2.3	3.66	0.55	4.1
Basic EPS - Continuing Operations	1.65	2.3	3.66	6.89	6.64
Basic Weighted Average Shares Outstanding	565M	565M	567M	569M	576M
Net EPS - Diluted	1.65	2.3	3.61	0.54	4.08
Diluted EPS - Continuing Operations	1.65	2.3	3.61	6.8	6.6
Diluted Weighted Average Shares Outstanding	567M	567M	574M	577M	579M
Normalized Basic EPS	1.38	1.71	2.87	5.31	5.14
Normalized Diluted EPS	1.37	1.7	2.83	5.24	5.11
Dividend Per Share	0.94	1.81	2.2	2.52	2.83
Payout Ratio	109	40.66	50.19	409.41	62.66
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	2.27B	2.17B	4.13B	5.73B	5.48B
EBITA	1.75B	1.67B	3.62B	5.19B	4.9B
EBIT	1.56B	1.49B	3.42B	5.09B	4.86B
EBITDAR	2.74B	2.64B	4.78B	6.52B	6.3B
Effective Tax Rate - (Ratio)	22.29	14.92	19.32	17.8	17.98
Total Current Taxes	283M	363M	570M	836M	922M
Total Deferred Taxes	-16M	-137M	-72M	11M	-85M
Normalized Net Income	779M	965M	1.63B	3.02B	2.96B
Interest on Long-Term Debt	143M	155M	160M	172M	191M
Non-Cash Pension Expense	2M	3M	3M	-1M	1M
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.47B	3.24B	4.18B	4.68B	5B
General and Administrative Expenses	2.98B	2.51B	3.62B	3.64B	3.9B
Research And Development Expense From Footnotes	111M	89M	109M	127M	133M
Net Rental Expense, Total	471M	468M	653M	786M	815M
Imputed Operating Lease Interest Expense	85.88M	68.9M	82.81M	124M	180M
Imputed Operating Lease Depreciation	385M	399M	570M	662M	635M
Maintenance & Repair Expenses, Total	5M	3M	7M	-	-
Stock-Based Comp., Other (Total)	28M	43M	67M	94M	108M
Total Stock-Based Compensation	28M	43M	67M	94M	108M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.46B	7.88B	9.88B	10.94B	10.71B
Trading Asset Securities, Total	4.36B	5.55B	6.63B	7.4B	8.78B
Total Cash And Short Term Investments	8.82B	13.43B	16.51B	18.34B	19.49B
Accounts Receivable, Total	503M	638M	733M	852M	929M
Other Receivables	-	365M	483M	657M	778M
Notes Receivable	280M	-	-	-	-
Total Receivables	783M	1B	1.22B	1.51B	1.71B
Inventory	6.66B	6.32B	7.1B	7.1B	7.98B
Prepaid Expenses	413M	312M	382M	167M	171M
Other Current Assets, Total	123M	145M	178M	3.26B	1.88B
Total Current Assets	16.8B	21.21B	25.38B	30.37B	31.23B
Gross Property Plant And Equipment	9.89B	10.62B	12.33B	13.27B	14.76B
Accumulated Depreciation	-3.95B	-4.7B	-5.74B	-6.36B	-7.19B
Net Property Plant And Equipment	5.94B	5.92B	6.59B	6.91B	7.57B
Long-term Investments	305M	1.07B	857M	1.19B	945M
Goodwill	3.46B	3.46B	3.54B	610M	759M
Other Intangibles, Total	2.52B	2.33B	2.23B	370M	539M
Loans Receivable Long-Term	6M	7M	7M	14M	25M
Deferred Tax Assets Long-Term	600M	614M	754M	752M	888M
Deferred Charges Long-Term	99M	102M	115M	127M	141M
Other Long-Term Assets, Total	723M	648M	514M	549M	583M
Total Assets	30.46B	35.36B	39.99B	40.89B	42.68B
Liabilities
Accounts Payable, Total	600M	675M	927M	736M	762M
Accrued Expenses, Total	588M	775M	1.09B	881M	860M
Short-term Borrowings	2.48B	4.1B	5.31B	5.83B	6.06B
Current Portion of Long-Term Debt	1M	-	1M	1M	7M
Current Portion of Leases	612M	590M	647M	644M	673M
Current Income Taxes Payable	446M	550M	724M	861M	923M
Other Current Liabilities	1.15B	1.45B	1.81B	3.35B	2.5B
Total Current Liabilities	5.88B	8.14B	10.51B	12.31B	11.79B
Long-Term Debt	3.95B	5.94B	5.95B	5.95B	5.97B
Long-Term Leases	2.73B	2.97B	3.14B	3.28B	3.65B
Pension & Other Post Retirement Benefits	193M	92M	98M	111M	94M
Deferred Tax Liability Non Current	351M	258M	325M	129M	265M
Other Non Current Liabilities	100M	83M	102M	85M	275M
Total Liabilities	13.2B	17.48B	20.12B	21.87B	22.05B
Common Stock, Total	334M	334M	334M	334M	352M
Additional Paid In Capital	-	-	-	-	1.16B
Retained Earnings	13.84B	14.88B	15.6B	14.62B	14.78B
Treasury Stock	-539M	-490M	-346M	-305M	-461M
Comprehensive Income and Other	3.5B	3.04B	4.23B	4.3B	4.69B
Total Common Equity	17.14B	17.77B	19.81B	18.96B	20.52B
Minority Interest	123M	110M	49M	60M	114M
Total Equity	17.26B	17.88B	19.86B	19.02B	20.64B
Total Liabilities And Equity	30.46B	35.36B	39.99B	40.89B	42.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	565M	571M	571M	572M	590M
ECS Total Common Shares Outstanding	565M	571M	571M	572M	590M
Book Value / Share	30.32	31.11	34.7	33.14	34.76
Tangible Book Value	11.15B	11.98B	14.05B	17.98B	19.22B
Tangible Book Value Per Share	19.73	20.98	24.6	31.43	32.56
Total Debt	9.77B	13.59B	15.05B	15.71B	16.36B
Net Debt	949M	166M	-1.46B	-2.62B	-3.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	168M	-113M	-149M	-221M	-223M
Debt Equivalent Oper. Leases	3.77B	3.74B	5.22B	6.29B	6.52B
Minority Interest, Total (Incl. Fin. Div)	123M	110M	49M	60M	114M
Equity Method Investments, Total	180M	187M	252M	599M	656M
Account Code - Inventory Valuation	6	6	6	3	3
Inventories - Raw Materials, Total	2.1B	1.96B	2.31B	2.81B	3.16B
Inventories - Finished Goods, Total	5.38B	5.18B	5.74B	5.13B	5.68B
Land - (BS)	1.5B	1.47B	1.8B	1.86B	1.94B
Machinery, Total	4.38B	4.34B	4.77B	5.16B	5.46B
Full Time Employees	35.66K	34.76K	35.85K	33.96K	37.12K
Accumulated Allowance for Doubtful Accounts (Supple)	30M	23M	15M	12M	17M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	933M	1.3B	2.07B	313M	2.36B
Depreciation & Amortization - CF	1.14B	1.16B	1.2B	1.29B	1.34B
Amortization of Goodwill and Intangible Assets - (CF)	187M	185M	196M	99M	40M
Depreciation & Amortization, Total	1.32B	1.35B	1.4B	1.39B	1.38B
Amortization of Deferred Charges, Total - (CF)	168M	175M	153M	87M	53M
(Gain) Loss From Sale Of Asset	8M	9M	-14M	3.44B	1.27B
Asset Writedown & Restructuring Costs	45M	14M	55M	56M	67M
Net Cash From Discontinued Operations	-	-	-	-3.64B	-1.44B
Other Operating Activities, Total	155M	-235M	768M	4.02B	1.65B
Change In Accounts Receivable	181M	-141M	-62M	-151M	-70M
Change In Inventories	-196M	184M	-420M	-986M	-754M
Change in Other Net Operating Assets	-248M	564M	684M	-30M	173M
Cash from Operations	2.37B	3.22B	4.64B	4.49B	4.7B
Capital Expenditure	-570M	-386M	-754M	-857M	-873M
Sale of Property, Plant, and Equipment	2M	14M	18M	19M	8M
Cash Acquisitions	-245M	-33M	-195M	-49M	-306M
Divestitures	-	-	1M	1M	-
Sale (Purchase) of Real Estate properties	-4M	-1M	86M	-	-
Sale (Purchase) of Intangible assets	-165M	-127M	-117M	-124M	-137M
Investment in Marketable and Equity Securities, Total	177M	-1.3B	-1.08B	-1.02B	-1.19B
Other Investing Activities, Total	-21M	-367M	-232M	-47M	-56M
Cash from Investing	-826M	-2.2B	-2.28B	-2.07B	-2.56B
Long-Term Debt Issued, Total	-	2.07B	1M	4M	12M
Total Debt Issued	-	2.07B	1M	4M	12M
Long-Term Debt Repaid, Total	-953M	-646M	-648M	-694M	-768M
Total Debt Repaid	-953M	-646M	-648M	-694M	-768M
Issuance of Common Stock	13M	32M	123M	198M	1.07B
Repurchase of Common Stock	-	-	-	-	-54M
Common Dividends Paid	-1.02B	-529M	-1.04B	-1.28B	-1.48B
Common & Preferred Stock Dividends Paid	-1.02B	-529M	-1.04B	-1.28B	-1.48B
Special Dividend Paid	-	-	-	-570M	-592M
Other Financing Activities, Total	34M	-23M	-202M	25M	-12M
Cash from Financing	-1.92B	906M	-1.77B	-2.32B	-1.82B
Foreign Exchange Rate Adjustments	17M	-134M	195M	-32M	-48M
Net Change in Cash	-362M	1.8B	788M	68M	270M
Supplemental Items
Cash Interest Paid	181M	179M	210M	304M	451M
Cash Income Tax Paid (Refund)	373M	248M	434M	734M	834M
Levered Free Cash Flow	928M	2.71B	2.75B	1.7B	2.8B
Unlevered Free Cash Flow	1.05B	2.84B	2.89B	1.89B	3.08B
Change In Net Working Capital	714M	-862M	-5M	1.88B	490M
Net Debt Issued / Repaid	-953M	1.43B	-647M	-690M	-756M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.34	2.83	5.68	7.86	7.28
Return on Total Capital	3.82	3.18	6.45	9.13	8.48
Return On Equity %	5.43	7.34	11.02	20.12	19.26
Return on Common Equity	5.47	7.45	11.04	20.24	19.38
Margin Analysis
Gross Profit Margin %	60.44	59.78	62.67	68.74	68.08
SG&A Margin	47.76	46.46	43.21	43.01	44.32
EBITDA Margin %	15.94	16.52	21.52	28.74	26.61
EBITA Margin %	12.29	12.73	18.88	25.99	23.79
EBIT Margin %	10.98	11.32	17.86	25.49	23.59
Income From Continuing Operations Margin %	6.54	9.81	10.84	19.6	18.52
Net Income Margin %	6.55	9.9	10.81	1.57	11.46
Net Avail. For Common Margin %	6.55	9.9	10.81	19.66	18.55
Normalized Net Income Margin	5.47	7.34	8.48	15.14	14.36
Levered Free Cash Flow Margin	6.52	20.61	14.35	8.52	13.59
Unlevered Free Cash Flow Margin	7.36	21.64	15.09	9.47	14.94
Asset Turnover
Asset Turnover	0.49	0.4	0.51	0.49	0.49
Fixed Assets Turnover