Cash flow Halma plc

Equities

HLMA

GB0004052071

Electronic Equipment & Parts

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18693ed41cb348a01eee.MzavXPnHZqXJEyX_kmMgPyA3HktwgFttfxodDB30AK8.XkPCMJ32M-uFI2aS_QVZdmoFeRISyR8cO3ZfZlfAUNxVDvAvuPQOyf5YQg

Published financial data: HALMA PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.34B	1.32B	1.53B	1.85B	2.03B
Total Revenues	1.34B	1.32B	1.53B	1.85B	2.03B
Cost of Goods Sold, Total	669M	662M	758M	926M	1.02B
Gross Profit	670M	656M	767M	927M	1.01B
Selling General & Admin Expenses, Total	430M	410M	485M	596M	634M
Other Operating Expenses, Total	430M	410M	485M	596M	634M
Operating Income	240M	246M	282M	331M	377M
Interest Expense, Total	-11.7M	-10.8M	-8.7M	-18.3M	-30.5M
Interest And Investment Income	600K	800K	200K	700K	1.2M
Net Interest Expenses	-11.1M	-10M	-8.5M	-17.6M	-29.3M
Income (Loss) On Equity Invest.	-100K	-	-100K	-	-300K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-200K	-100K	400K	-400K	-200K
EBT, Excl. Unusual Items	229M	236M	274M	313M	347M
Merger & Related Restructuring Charges	-10M	-4.5M	-7.6M	-9.6M	-11M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	2.9M	22.1M	34M	-	500K
Asset Writedown	-	-	-	-7.8M	-
Other Unusual Items	2.5M	-700K	4.5M	-3.7M	3.9M
EBT, Incl. Unusual Items	224M	253M	304M	292M	340M
Income Tax Expense	39.7M	49.6M	60.2M	57.2M	71.5M
Earnings From Continuing Operations	184M	203M	244M	234M	269M
Net Income to Company	184M	203M	244M	234M	269M
Minority Interest	-	100K	200K	200K	-
Net Income - (IS)	184M	203M	244M	234M	269M
Net Income to Common Incl Extra Items	184M	203M	244M	234M	269M
Net Income to Common Excl. Extra Items	184M	203M	244M	234M	269M
Per Share Items
Net EPS - Basic	0.49	0.54	0.65	0.62	0.71
Basic EPS - Continuing Operations	0.49	0.54	0.65	0.62	0.71
Basic Weighted Average Shares Outstanding	379M	379M	379M	378M	377M
Net EPS - Diluted	0.49	0.54	0.64	0.62	0.71
Diluted EPS - Continuing Operations	0.49	0.54	0.64	0.62	0.71
Diluted Weighted Average Shares Outstanding	379M	379M	379M	379M	379M
Normalized Basic EPS	0.38	0.39	0.45	0.52	0.57
Normalized Diluted EPS	0.38	0.39	0.45	0.52	0.57
Dividend Per Share	0.16	0.18	0.19	0.2	0.22
Payout Ratio	33.19	31.32	28.11	31.26	29.09
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	302M	312M	346M	403M	451M
EBITA	279M	289M	325M	380M	426M
EBIT	240M	246M	282M	331M	377M
EBITDAR	302M	312M	346M	403M	451M
Effective Tax Rate - (Ratio)	17.72	19.61	19.78	19.62	21.01
Total Current Taxes	39.9M	53.9M	63.2M	73.7M	89.9M
Total Deferred Taxes	-200K	-4.3M	-3M	-16.5M	-18.4M
Normalized Net Income	143M	148M	171M	196M	217M
Interest on Long-Term Debt	2.8M	3M	3M	3.7M	4.1M
Non-Cash Pension Expense	800K	-100K	300K	-1.1M	-1.9M
Supplemental Operating Expense Items
Selling and Marketing Expenses	162M	145M	168M	210M	221M
General and Administrative Expenses	267M	265M	317M	387M	415M
Research And Development Expense From Footnotes	79.6M	76.7M	95.6M	114M	124M
Net Rental Expense, Total	300K	300K	300K	300K	300K
Imputed Operating Lease Interest Expense	75.43K	59.46K	50.77K	73.3K	93.72K
Imputed Operating Lease Depreciation	225K	241K	249K	227K	206K
Stock-Based Comp., Other (Total)	12.3M	13.4M	14.6M	19.6M	16.9M
Total Stock-Based Compensation	12.3M	13.4M	14.6M	19.6M	16.9M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	106M	134M	157M	170M	143M
Total Cash And Short Term Investments	106M	134M	157M	170M	143M
Accounts Receivable, Total	257M	242M	285M	362M	403M
Other Receivables	21.7M	11.2M	17.3M	20.2M	29.1M
Total Receivables	279M	253M	302M	382M	432M
Inventory	171M	168M	229M	312M	305M
Prepaid Expenses	18.3M	17.4M	23.9M	30M	31.3M
Other Current Assets, Total	1M	1.7M	700K	1.5M	700K
Total Current Assets	575M	574M	713M	896M	912M
Gross Property Plant And Equipment	408M	397M	428M	487M	513M
Accumulated Depreciation	-224M	-216M	-234M	-264M	-276M
Net Property Plant And Equipment	184M	181M	194M	223M	237M
Long-term Investments	4.8M	9.3M	8.2M	21M	19.8M
Goodwill	838M	808M	909M	1.12B	1.21B
Other Intangibles, Total	292M	251M	284M	423M	517M
Deferred Tax Assets Long-Term	1.3M	1.3M	2.4M	3M	4.9M
Deferred Charges Long-Term	36.1M	38.9M	41.7M	49.6M	51.8M
Other Long-Term Assets, Total	5.4M	13.9M	45.8M	53.1M	46.7M
Total Assets	1.94B	1.88B	2.2B	2.79B	3B
Liabilities
Accounts Payable, Total	89.5M	84.8M	102M	117M	118M
Accrued Expenses, Total	75.1M	80.5M	109M	121M	136M
Short-term Borrowings	900K	3M	700K	1M	300K
Current Portion of Long-Term Debt	74.2M	-	71.8M	-	-
Current Portion of Leases	13M	13.3M	15.5M	19.2M	19.5M
Current Income Taxes Payable	9.4M	8.9M	11.6M	18.4M	18.2M
Unearned Revenue Current, Total	17.5M	17.4M	26M	36.1M	34.9M
Other Current Liabilities	33.6M	40.1M	27M	28.7M	45.5M
Total Current Liabilities	313M	248M	364M	341M	372M
Long-Term Debt	345M	322M	288M	677M	712M
Long-Term Leases	48.5M	51.7M	56.6M	68.7M	64.2M
Unearned Revenue Non Current	10.7M	11.7M	15.7M	18.3M	19.4M
Pension & Other Post Retirement Benefits	10.6M	22.5M	600K	500K	1.1M
Deferred Tax Liability Non Current	48.7M	40.6M	58.5M	70.2M	79.5M
Other Non Current Liabilities	24.2M	13.5M	11M	13.3M	15.2M
Total Liabilities	801M	710M	794M	1.19B	1.26B
Common Stock, Total	38M	38M	38M	38M	38M
Additional Paid In Capital	23.6M	23.6M	23.6M	23.6M	23.6M
Retained Earnings	949M	1.07B	1.27B	1.42B	1.6B
Treasury Stock	-14.3M	-20.9M	-30.7M	-46.1M	-58M
Comprehensive Income and Other	141M	60.5M	97M	168M	128M
Total Common Equity	1.14B	1.17B	1.4B	1.6B	1.74B
Minority Interest	-700K	600K	400K	100K	-
Total Equity	1.14B	1.17B	1.4B	1.6B	1.74B
Total Liabilities And Equity	1.94B	1.88B	2.2B	2.79B	3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	379M	379M	378M	378M	377M
ECS Total Common Shares Outstanding	379M	379M	378M	378M	377M
Book Value / Share	3	3.08	3.71	4.23	4.6
Tangible Book Value	6.9M	107M	210M	55.6M	8.3M
Tangible Book Value Per Share	0.02	0.28	0.56	0.15	0.02
Total Debt	482M	390M	432M	766M	796M
Net Debt	375M	256M	275M	597M	653M
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.2M	22.5M	-30.5M	-37.9M	-30.9M
Debt Equivalent Oper. Leases	2.4M	2.4M	2.4M	2.4M	2.4M
Minority Interest, Total (Incl. Fin. Div)	-700K	600K	400K	100K	-
Equity Method Investments, Total	4.8M	9.3M	8.2M	2.1M	1.8M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	90.1M	92M	132M	186M	176M
Inventories - Work In Process, Total	16.9M	15.8M	21.5M	31.5M	28.4M
Inventories - Finished Goods, Total	63.6M	60M	75.5M	95.1M	101M
Land - (BS)	59.2M	63.6M	69.3M	72.3M	80.5M
Buildings, Total	25.6M	21.1M	23.6M	26.1M	32.3M
Machinery, Total	214M	205M	207M	228M	234M
Full Time Employees	6.99K	7.12K	7K	8K	8K
Accumulated Allowance for Doubtful Accounts (Supple)	12.7M	11.2M	6.6M	6.9M	7.1M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	184M	203M	244M	234M	269M
Depreciation & Amortization - CF	35.8M	37.3M	35.8M	41.4M	44.2M
Amortization of Goodwill and Intangible Assets - (CF)	38.8M	42.7M	43.3M	49.4M	49.5M
Depreciation & Amortization, Total	74.6M	80M	79.1M	90.8M	93.7M
Amortization of Deferred Charges, Total - (CF)	10.1M	10.3M	9.5M	10.7M	11.7M
(Gain) Loss From Sale Of Asset	-100K	700K	800K	-800K	-200K
Asset Writedown & Restructuring Costs	5.2M	2.8M	3.2M	8.4M	3.2M
Stock-Based Compensation (CF)	4.8M	3.7M	5M	12.9M	16.9M
Other Operating Activities, Total	-15.8M	-29.5M	-33.2M	-8.3M	9.1M
Change In Accounts Receivable	-9M	4.3M	-43.6M	-52.4M	-46.4M
Change In Inventories	-5.1M	-6.7M	-51.9M	-54.9M	19.6M
Change In Accounts Payable	8.9M	7.9M	36.1M	15.1M	13.8M
Change in Other Net Operating Assets	-2.5M	700K	-12M	2M	-5.2M
Cash from Operations	256M	278M	237M	258M	385M
Capital Expenditure	-31.2M	-22.8M	-25.2M	-29M	-32.8M
Sale of Property, Plant, and Equipment	1.9M	900K	1.1M	3.1M	1.6M
Cash Acquisitions	-233M	-46.4M	-153M	-320M	-239M
Divestitures	7.6M	26.1M	57.5M	-	1.6M
Sale (Purchase) of Intangible assets	-17.6M	-19.4M	-14.8M	-16.9M	-18.8M
Investment in Marketable and Equity Securities, Total	-4.8M	-3.4M	-700K	-6.7M	-300K
Other Investing Activities, Total	500K	800K	200K	700K	1.2M
Cash from Investing	-276M	-64.2M	-135M	-369M	-286M
Long-Term Debt Issued, Total	308M	-	161M	790M	513M
Total Debt Issued	308M	-	161M	790M	513M
Short Term Debt Repaid, Total	-	-	-	-65.1M	-17.1M
Long-Term Debt Repaid, Total	-165M	-93.6M	-147M	-487M	-487M
Total Debt Repaid	-165M	-93.6M	-147M	-552M	-504M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-16.7M	-16.2M	-19.3M	-22.3M	-21.1M
Common Dividends Paid	-61.2M	-63.7M	-68.7M	-73.3M	-78.2M
Common & Preferred Stock Dividends Paid	-61.2M	-63.7M	-68.7M	-73.3M	-78.2M
Other Financing Activities, Total	-11.1M	-10M	-8.2M	-21.6M	-29.9M
Cash from Financing	53.7M	-184M	-81.9M	121M	-120M
Foreign Exchange Rate Adjustments	500K	-4.2M	4.8M	1.7M	-5.1M
Net Change in Cash	33.3M	25.7M	25.6M	11.8M	-26.1M
Supplemental Items
Cash Interest Paid	11.1M	10M	8.2M	17.5M	29.6M
Cash Income Tax Paid (Refund)	52.4M	53.8M	56M	67.2M	87.2M
Levered Free Cash Flow	148M	244M	163M	145M	275M
Unlevered Free Cash Flow	156M	251M	168M	156M	295M
Change In Net Working Capital	42.7M	-35.5M	71.1M	126M	11.6M
Net Debt Issued / Repaid	143M	-93.6M	14.3M	238M	9.5M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.62	8.06	8.64	8.29	8.13
Return on Total Capital	10.48	9.68	10.38	9.84	9.61
Return On Equity %	17.41	17.64	19	15.61	16.12
Return on Common Equity	17.4	17.65	19.02	15.63	16.12
Margin Analysis
Gross Profit Margin %	50.03	49.76	50.29	50.01	49.66
SG&A Margin	32.09	31.09	31.82	32.17	31.14
EBITDA Margin %	22.53	23.65	22.7	21.75	22.15
EBITA Margin %	20.84	21.91	21.31	20.51	20.95
EBIT Margin %	17.94	18.67	18.47	17.84	18.52
Income From Continuing Operations Margin %	13.78	15.42	16.01	12.65	13.21
Net Income Margin %	13.78	15.43	16.02	12.66	13.21
Net Avail. For Common Margin %	13.78	15.43	16.02	12.66	13.21
Normalized Net Income Margin	10.68	11.2	11.22	10.56	10.66
Levered Free Cash Flow Margin	11.08	18.51	10.67	7.81	13.54
Unlevered Free Cash Flow Margin	11.62	19.03	11.02	8.43	14.48
Asset Turnover
Asset Turnover	0.77	0.69	0.75	0.74	0.7
Fixed Assets Turnover	9.02	7.22	8.14	8.89	8.85
Receivables Turnover (Average Receivables)	5.48	5.28	5.79	5.73	5.32
Inventory Turnover (Average Inventory)	4.25	3.91	3.82	3.42	3.32
Short Term Liquidity
Current Ratio	1.84	2.31	1.96	2.62	2.45
Quick Ratio	1.23	1.56	1.26	1.62	1.55
Operating Cash Flow to Current Liabilities	0.82	1.12	0.65	0.76	1.03
Days Sales Outstanding (Average Receivables)	66.74	69.11	62.99	63.69	68.83
Days Outstanding Inventory (Average Inventory)	86.16	93.25	95.45	106.64	110.31
Average Days Payable Outstanding	45.18	48.23	41.72	39.65	42.21
Cash Conversion Cycle (Average Days)	107.72	114.13	116.72	130.68	136.94
Long Term Solvency
Total Debt/Equity	42.36	33.43	30.8	47.92	45.83
Total Debt / Total Capital	29.76	25.05	23.55	32.4	31.43
LT Debt/Equity	34.61	32.03	24.53	46.66	44.69
Long-Term Debt / Total Capital	24.31	24.01	18.75	31.54	30.65
Total Liabilities / Total Assets	41.33	37.82	36.14	42.66	42.11
EBIT / Interest Expense	20.52	22.79	32.38	18.07	12.35
EBITDA / Interest Expense	26.9	30.19	41.47	23.03	15.42
(EBITDA - Capex) / Interest Expense	24.23	28.08	38.57	21.44	14.35
Total Debt / EBITDA	1.53	1.2	1.2	1.82	1.69
Net Debt / EBITDA