Cash flow Epiroc AB

Equities

EPI A

SE0015658109

Heavy Machinery & Vehicles

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-09-11 EDT			5-day change	1st Jan Change
188.05 ^SEK	+0.91%		+0.53%	-7.00%

09-11	JPMorgan Upgrades Epiroc to Neutral	MT
09-09	Epiroc Bags Surface Drill Rigs Order from Pilbara Minerals	MT

50fe1be08ca4a.7Cw6TAhNVpYIEbRuOWMyDexdY1wRVzCG_9l_aysvTQY.ul5jKF80JaRye9sWXBViZKEULzV_J2nPk5Q6BhtwA1e5QU8dbnQAoHlr3w

Published financial data: EPIROC AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	40.85B	36.12B	39.64B	49.69B	60.34B
Total Revenues	40.85B	36.12B	39.64B	49.69B	60.34B
Cost of Goods Sold, Total	25.53B	22.42B	24.19B	30.68B	37.2B
Gross Profit	15.32B	13.7B	15.45B	19.02B	23.15B
Selling General & Admin Expenses, Total	6.02B	5.05B	5.5B	6.63B	8.05B
R&D Expenses	1.04B	1.03B	1.17B	1.43B	1.88B
Other Operating Expenses	25M	-6M	-118M	-1M	25M
Other Operating Expenses, Total	7.08B	6.08B	6.55B	8.06B	9.95B
Operating Income	8.24B	7.63B	8.9B	10.96B	13.19B
Interest Expense, Total	-355M	-249M	-184M	-358M	-834M
Interest And Investment Income	179M	144M	111M	237M	347M
Net Interest Expenses	-176M	-105M	-73M	-121M	-487M
Income (Loss) On Equity Invest.	-12M	2M	-29M	-37M	-15M
Currency Exchange Gains (Loss)	-88M	-431M	163M	-39M	-797M
Other Non Operating Income (Expenses)	4M	4M	3M	18M	-7M
EBT, Excl. Unusual Items	7.97B	7.1B	8.97B	10.78B	11.89B
Restructuring Charges	-	-	-	-4M	-
Gain (Loss) On Sale Of Assets	2M	11M	-4M	53M	404M
Asset Writedown	-66M	-4M	-	-50M	-56M
Other Unusual Items	-62M	-18M	-	-	-
EBT, Incl. Unusual Items	7.84B	7.09B	8.96B	10.78B	12.24B
Income Tax Expense	1.96B	1.68B	1.9B	2.37B	2.78B
Earnings From Continuing Operations	5.88B	5.41B	7.07B	8.41B	9.46B
Net Income to Company	5.88B	5.41B	7.07B	8.41B	9.46B
Minority Interest	-10M	-11M	-11M	-14M	-27M
Net Income - (IS)	5.87B	5.4B	7.06B	8.4B	9.43B
Net Income to Common Incl Extra Items	5.87B	5.4B	7.06B	8.4B	9.43B
Net Income to Common Excl. Extra Items	5.87B	5.4B	7.06B	8.4B	9.43B
Per Share Items
Net EPS - Basic	4.89	4.48	5.85	6.96	7.82
Basic EPS - Continuing Operations	4.89	4.48	5.85	6.96	7.82
Basic Weighted Average Shares Outstanding	1.2B	1.2B	1.21B	1.21B	1.21B
Net EPS - Diluted	4.89	4.48	5.84	6.95	7.81
Diluted EPS - Continuing Operations	4.89	4.48	5.84	6.95	7.81
Diluted Weighted Average Shares Outstanding	1.2B	1.21B	1.21B	1.21B	1.21B
Normalized Basic EPS	4.14	3.67	4.64	5.57	6.14
Normalized Diluted EPS	4.13	3.67	4.63	5.57	6.13
Dividend Per Share	2.4	2.5	3	3.4	3.8
Payout Ratio	42.95	53.57	42.73	43.1	43.51
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	9.39B	8.65B	9.92B	12.25B	14.9B
EBITA	8.36B	7.75B	9.07B	11.26B	13.75B
EBIT	8.24B	7.63B	8.9B	10.96B	13.19B
EBITDAR	9.51B	8.73B	9.98B	12.32B	14.96B
Effective Tax Rate - (Ratio)	24.98	23.66	21.14	21.96	22.7
Total Current Taxes	1.99B	1.85B	2.14B	2.67B	2.88B
Total Deferred Taxes	-33M	-171M	-249M	-301M	-108M
Normalized Net Income	4.97B	4.43B	5.59B	6.72B	7.4B
Interest on Long-Term Debt	38M	39M	41M	59M	86M
Non-Cash Pension Expense	19M	17M	21M	13M	12M
Supplemental Operating Expense Items
Marketing Expenses	2.75B	2.22B	2.31B	3.04B	3.95B
Selling and Marketing Expenses	2.75B	2.22B	2.31B	3.04B	3.95B
General and Administrative Expenses	3.26B	2.82B	3.17B	3.58B	4.1B
Research And Development Expense From Footnotes	1.04B	1.03B	1.17B	1.44B	1.93B
Net Rental Expense, Total	120M	81M	61M	68M	57M
Imputed Operating Lease Interest Expense	44.76M	17.36M	9.28M	19.41M	30.61M
Imputed Operating Lease Depreciation	75.24M	63.64M	51.72M	48.59M	26.39M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	194M	99M	270M	-37M	63M
Total Stock-Based Compensation	194M	99M	270M	-37M	63M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.54B	15.05B	10.79B	7.33B	6.4B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	8.54B	15.05B	10.79B	7.33B	6.4B
Accounts Receivable, Total	7.54B	6.22B	7.42B	9.85B	10.8B
Other Receivables	1.98B	1.54B	2.18B	2.98B	3.93B
Total Receivables	9.52B	7.75B	9.6B	12.83B	14.73B
Inventory	10.51B	8.93B	11.86B	16.94B	18.75B
Prepaid Expenses	480M	410M	608M	974M	734M
Other Current Assets, Total	99M	167M	46M	399M	512M
Total Current Assets	29.15B	32.31B	32.9B	38.48B	41.12B
Gross Property Plant And Equipment	11.93B	11.24B	12.65B	14.64B	15.79B
Accumulated Depreciation	-6.1B	-6.09B	-6.78B	-7.75B	-8.18B
Net Property Plant And Equipment	5.83B	5.15B	5.87B	6.89B	7.61B
Long-term Investments	201M	188M	106M	67M	63M
Goodwill	2.18B	2.05B	4.09B	8.28B	10.22B
Other Intangibles, Total	2.04B	2.06B	3.14B	4.8B	5.62B
Accounts Receivable Long-Term	265M	207M	276M	332M	446M
Deferred Tax Assets Long-Term	630M	1.37B	1.47B	1.53B	1.51B
Other Long-Term Assets, Total	742M	544M	731M	1.42B	1.19B
Total Assets	41.04B	43.89B	48.58B	61.78B	67.78B
Liabilities
Accounts Payable, Total	4.05B	3.6B	5.51B	6.38B	5.9B
Accrued Expenses, Total	2.37B	2.26B	2.64B	3.22B	3.57B
Short-term Borrowings	297M	273M	182M	305M	1.55B
Current Portion of Long-Term Debt	14M	20M	22M	1.16B	5M
Current Portion of Leases	394M	371M	424M	538M	596M
Current Income Taxes Payable	507M	391M	562M	670M	483M
Unearned Revenue Current, Total	695M	929M	1.57B	306M	617M
Other Current Liabilities	1.15B	1.01B	1.52B	4.81B	4.28B
Total Current Liabilities	9.48B	8.87B	12.44B	17.38B	17B
Long-Term Debt	6.08B	8.05B	7.03B	7.04B	10.01B
Long-Term Leases	1.64B	1.44B	1.53B	1.84B	1.81B
Pension & Other Post Retirement Benefits	596M	806M	356M	149M	251M
Deferred Tax Liability Non Current	-	606M	785M	1.22B	922M
Other Non Current Liabilities	423M	377M	657M	652M	576M
Total Liabilities	18.22B	20.15B	22.8B	28.27B	30.57B
Common Stock, Total	500M	500M	500M	500M	500M
Additional Paid In Capital	58M	80M	106M	107M	105M
Retained Earnings	21.47B	24.22B	25.14B	30.23B	35.45B
Comprehensive Income and Other	730M	-1.11B	-14M	2.18B	765M
Total Common Equity	22.76B	23.69B	25.73B	33.02B	36.82B
Minority Interest	52M	46M	56M	488M	388M
Total Equity	22.81B	23.74B	25.78B	33.51B	37.21B
Total Liabilities And Equity	41.04B	43.89B	48.58B	61.78B	67.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.2B	1.21B	1.21B	1.21B	1.21B
ECS Total Common Shares Outstanding	1.2B	1.21B	1.21B	1.21B	1.21B
Book Value / Share	18.92	19.65	21.33	27.39	30.51
Tangible Book Value	18.54B	19.58B	18.5B	19.95B	20.98B
Tangible Book Value Per Share	15.41	16.24	15.33	16.55	17.38
Total Debt	8.43B	10.16B	9.19B	10.88B	13.98B
Net Debt	-111M	-4.9B	-1.6B	3.55B	7.57B
Debt Equivalent of Unfunded Proj. Benefit Obligation	647M	850M	286M	-303M	137M
Debt Equivalent Oper. Leases	960M	648M	488M	544M	456M
Minority Interest, Total (Incl. Fin. Div)	52M	46M	56M	488M	388M
Equity Method Investments, Total	201M	188M	106M	67M	49M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	530M	381M	540M	664M	692M
Inventories - Work In Process, Total	3.23B	2.76B	4.02B	6.06B	6.37B
Inventories - Finished Goods, Total	6.75B	5.79B	7.3B	10.22B	11.68B
Buildings, Total	1.42B	1.17B	1.47B	1.79B	1.95B
Machinery, Total	7.62B	7.08B	7.76B	8.78B	9.32B
Full Time Employees	14.27K	13.84K	14.97K	16.64K	17.92K
Part Time Employees	-	-	557	357	291
Accumulated Allowance for Doubtful Accounts (Supple)	437M	551M	586M	773M	576M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	5.87B	5.4B	7.06B	8.4B	9.43B
Depreciation & Amortization - CF	1.48B	1.36B	1.31B	1.5B	1.76B
Amortization of Goodwill and Intangible Assets - (CF)	120M	122M	165M	300M	560M
Depreciation & Amortization, Total	1.6B	1.49B	1.47B	1.8B	2.32B
Amortization of Deferred Charges, Total - (CF)	284M	260M	269M	275M	279M
(Gain) Loss From Sale Of Asset	-252M	252M	-192M	-183M	-220M
Asset Writedown & Restructuring Costs	95M	-	3M	55M	60M
Other Operating Activities, Total	-709M	-184M	-386M	-1.05B	-1.02B
Change In Accounts Receivable	1.05B	486M	-1.18B	-1.96B	-1.45B
Change In Inventories	739M	536M	-1.95B	-3.24B	-2.08B
Change in Other Net Operating Assets	-1.45B	99M	2.51B	1.46B	-176M
Cash from Operations	7.23B	8.33B	7.61B	5.56B	7.14B
Capital Expenditure	-486M	-507M	-489M	-600M	-1.04B
Sale of Property, Plant, and Equipment	60M	84M	1M	62M	580M
Cash Acquisitions	-1.14B	-63M	-2.36B	-4.7B	-3.67B
Divestitures	153M	-12M	6M	10M	-
Sale (Purchase) of Intangible assets	-521M	-494M	-437M	-414M	-640M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-467M
Other Investing Activities, Total	276M	384M	-196M	-353M	-
Cash from Investing	-1.66B	-608M	-3.47B	-5.99B	-5.24B
Long-Term Debt Issued, Total	3.04B	4.01B	150M	2.53B	7.79B
Total Debt Issued	3.04B	4.01B	150M	2.53B	7.79B
Long-Term Debt Repaid, Total	-3.86B	-2.47B	-2.01B	-1.84B	-6.5B
Total Debt Repaid	-3.86B	-2.47B	-2.01B	-1.84B	-6.5B
Issuance of Common Stock	474M	370M	348M	116M	279M
Repurchase of Common Stock	-134M	-	-3.9B	-232M	-
Common Dividends Paid	-2.52B	-2.89B	-3.02B	-3.62B	-4.1B
Common & Preferred Stock Dividends Paid	-2.52B	-2.89B	-3.02B	-3.62B	-4.1B
Other Financing Activities, Total	-17M	-9M	-7M	-177M	-108M
Cash from Financing	-3.01B	-990M	-8.44B	-3.23B	-2.64B
Foreign Exchange Rate Adjustments	106M	-223M	41M	193M	-190M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	2.67B	6.51B	-4.26B	-3.47B	-925M
Supplemental Items
Cash Income Tax Paid (Refund)	2.16B	1.8B	1.98B	2.68B	3.53B
Levered Free Cash Flow	5.44B	8.23B	5.29B	2.18B	4.61B
Unlevered Free Cash Flow	5.66B	8.39B	5.41B	2.4B	5.13B
Change In Net Working Capital	560M	-2.77B	1.24B	5.47B	4.1B
Net Debt Issued / Repaid	-811M	1.54B	-1.86B	686M	1.29B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.34	11.23	12.04	12.41	12.73
Return on Total Capital	18.11	14.64	16.16	17.26	17.26
Return On Equity %	28.25	23.24	28.55	28.37	26.75
Return on Common Equity	28.27	23.24	28.56	28.59	27.01
Margin Analysis
Gross Profit Margin %	37.5	37.94	38.98	38.27	38.36
SG&A Margin	14.73	13.99	13.86	13.34	13.33
EBITDA Margin %	22.99	23.95	25.01	24.65	24.69
EBITA Margin %	20.47	21.46	22.88	22.65	22.79
EBIT Margin %	20.17	21.12	22.46	22.05	21.86
Income From Continuing Operations Margin %	14.4	14.98	17.83	16.93	15.67
Net Income Margin %	14.38	14.95	17.8	16.9	15.63
Net Avail. For Common Margin %	14.38	14.95	17.8	16.9	15.63
Normalized Net Income Margin	12.17	12.25	14.11	13.53	12.27
Levered Free Cash Flow Margin	13.31	22.78	13.35	4.39	7.63
Unlevered Free Cash Flow Margin	13.86	23.21	13.64	4.84	8.5
Asset Turnover
Asset Turnover	1.06	0.85	0.86	0.9	0.93
Fixed Assets Turnover	8.57	6.58	7.2	7.79	8.32
Receivables Turnover (Average Receivables)	5.13	5.25	5.82	5.76	5.84
Inventory Turnover (Average Inventory)	2.43	2.31	2.33	2.13	2.08
Short Term Liquidity
Current Ratio	3.07	3.64	2.65	2.21	2.42
Quick Ratio	1.9	2.57	1.64	1.16	1.24
Operating Cash Flow to Current Liabilities	0.76	0.94	0.61	0.32	0.42
Days Sales Outstanding (Average Receivables)	71.12	69.67	62.75	63.42	62.45
Days Outstanding Inventory (Average Inventory)	150.29	158.67	156.84	171.38	175.12
Average Days Payable Outstanding	62.65