Cash flow HIVE Digital Technologies Ltd.

Equities

HIVE

CA4339211035

Blockchain & Cryptocurrency

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-09-06 EDT			5-day change	1st Jan Change
3.530 ^CAD	-5.11%		-16.75%	-40.77%

09-05	HIVE Digital Technologies Mines 112 Bitcoins in August	MT
08-26	Hive Brief: B.Riley Lifting Q2 and 2025 adj. EBITDA from US$7.9 Million to $7.7M and from $40.0 Million to $42.3M, respectively	MT

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Published financial data: HIVE DIGITAL TECHNOLOGIES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	29.22M	66.7M	211M	106M	114M
Other Revenues, Total	-	-	-	229K	-
Total Revenues	29.22M	66.7M	211M	106M	114M
Cost of Goods Sold, Total	20.71M	16.57M	47.25M	55.72M	74.08M
Gross Profit	8.51M	50.12M	164M	50.6M	40.39M
Selling General & Admin Expenses, Total	4.74M	5.14M	10.95M	13.24M	13.2M
Stock-Based Compensation (IS)	687K	1.65M	6.75M	8.38M	7.25M
Depreciation & Amortization - (IS)	6.3M	10.94M	67.02M	81.73M	66.37M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	-186K	-33.72M	-75.86K	72.72M	-4.55M
Other Operating Expenses, Total	11.54M	-15.99M	84.65M	176M	82.27M
Operating Income	-3.03M	66.11M	79.28M	-125M	-41.88M
Interest Expense, Total	-243K	-1.21M	-3.87M	-3.71M	-3.56M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-243K	-1.21M	-3.87M	-3.71M	-3.56M
Currency Exchange Gains (Loss)	1.34M	1.29M	3.3M	1.25M	2.07M
Other Non Operating Income (Expenses)	-176K	-858K	10.75M	-22.97M	-6.47M
EBT, Excl. Unusual Items	-2.11M	65.33M	89.46M	-151M	-49.84M
Impairment of Goodwill	-	-	-13.15M	-	-
Gain (Loss) On Sale Of Investments	1.27M	801K	-838K	-13.43M	3.74M
Gain (Loss) On Sale Of Assets	-	-23.44M	5.38M	-1.39M	1.08M
Asset Writedown	-	-	-175K	-70.41M	-
Other Unusual Items	-	-	1.37M	-	-
EBT, Incl. Unusual Items	-832K	42.69M	82.04M	-236M	-45.02M
Income Tax Expense	831K	151K	2.42M	289K	6.18M
Earnings From Continuing Operations	-1.66M	42.54M	79.62M	-236M	-51.2M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-1.66M	42.54M	79.62M	-236M	-51.2M
Net Income - (IS)	-1.66M	42.54M	79.62M	-236M	-51.2M
Net Income to Common Incl Extra Items	-1.66M	42.54M	79.62M	-236M	-51.2M
Net Income to Common Excl. Extra Items	-1.66M	42.54M	79.62M	-236M	-51.2M
Per Share Items
Net EPS - Basic	-0.03	0.61	1.02	-2.85	-0.57
Basic EPS - Continuing Operations	-0.03	0.61	1.02	-2.85	-0.57
Basic Weighted Average Shares Outstanding	65.38M	69.41M	77.72M	82.87M	90.01M
Net EPS - Diluted	-0.03	0.6	0.94	-2.85	-0.57
Diluted EPS - Continuing Operations	-0.03	0.6	0.94	-2.85	-0.57
Diluted Weighted Average Shares Outstanding	65.38M	73.29M	84.81M	82.87M	90.01M
Normalized Basic EPS	-0.02	0.59	0.72	-1.14	-0.35
Normalized Diluted EPS	-0.02	0.56	0.66	-1.14	-0.35
Supplemental Items
EBITDA	2.66M	74.6M	144M	-46.25M	21.29M
EBITA	-721K	66.54M	80.07M	-125M	-41.88M
EBIT	-3.03M	66.11M	79.28M	-125M	-41.88M
EBITDAR	2.69M	74.59M	-	-	-
Total Revenues (As Reported)	-	-	211M	106M	114M
Effective Tax Rate - (Ratio)	-99.84	0.35	2.94	-0.12	-13.74
Current Foreign Taxes	-	-	-	1.61M	3.96M
Total Current Taxes	831K	151K	887K	1.61M	3.96M
Deferred Foreign Taxes	-	-	-	-1.32M	2.23M
Total Deferred Taxes	-	-	1.53M	-1.32M	2.23M
Normalized Net Income	-1.32M	40.83M	55.91M	-94.31M	-31.15M
Interest on Long-Term Debt	87.85K	1.01M	3.7M	3.61M	3.16M
Supplemental Operating Expense Items
Marketing Expenses	95.85K	466K	593K	1.02M	1.3M
Selling and Marketing Expenses	95.85K	466K	593K	1.02M	1.3M
General and Administrative Expenses	4.64M	4.68M	10.36M	12.22M	11.91M
Net Rental Expense, Total	23.44K	-9.79K	-	-	-
Imputed Operating Lease Interest Expense	11.55K	-5.29K	-	-	-
Imputed Operating Lease Depreciation	11.89K	-4.5K	-	-	-
Stock-Based Comp., Other (Total)	687K	1.65M	6.75M	8.38M	7.25M
Total Stock-Based Compensation	687K	1.65M	6.75M	8.38M	7.25M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	5.13M	40.29M	5.32M	4.37M	9.68M
Short Term Investments	-	982K	17M	2.87M	6.97M
Total Cash And Short Term Investments	5.13M	41.27M	22.32M	7.24M	16.65M
Other Receivables	8.85M	6.85M	4.96M	4.7M	6.93M
Total Receivables	8.85M	6.85M	4.96M	4.7M	6.93M
Prepaid Expenses	645K	1.92M	3.02M	4.66M	-
Other Current Assets, Total	3.71M	57.5M	170M	65.9M	162M
Total Current Assets	18.33M	108M	200M	82.49M	185M
Gross Property Plant And Equipment	123M	111M	343M	274M	340M
Accumulated Depreciation	-115M	-86.71M	-153M	-175M	-236M
Net Property Plant And Equipment	8.66M	24.58M	190M	98.2M	104M
Long-term Investments	234K	76.74K	-	-	-
Goodwill	-	-	0	-	-
Other Intangibles, Total	-	604K	336K	67.12K	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.88M	45.53M	61.51M	15.36M	18.51M
Total Assets	29.1M	178M	452M	196M	308M
Liabilities
Accounts Payable, Total	506K	3.43M	12.35M	6.86M	7.47M
Accrued Expenses, Total	183K	49.29K	149K	2.36M	1.88M
Short-term Borrowings	2.71M	3.17M	-	-	-
Current Portion of Long-Term Debt	-	1.22M	10.6M	8.36M	10.08M
Current Portion of Leases	1.57M	1.91M	2.16M	2.33M	2.52M
Current Income Taxes Payable	831K	73.08K	887K	1.85M	4.15M
Other Current Liabilities	1.44M	-	-	133K	1.26M
Total Current Liabilities	7.24M	9.86M	26.15M	21.89M	27.35M
Long-Term Debt	-	23.43M	20.07M	16.58M	12.28M
Long-Term Leases	775K	1.15M	10.48M	8.14M	5.73M
Deferred Tax Liability Non Current	-	-	1.53M	206K	2.42M
Other Non Current Liabilities	-	9.42M	4.99M	482K	120K
Total Liabilities	8.02M	43.86M	63.22M	47.3M	47.89M
Common Stock, Total	189M	260M	414M	419M	499M
Retained Earnings	-173M	-131M	-60.24M	-297M	-348M
Comprehensive Income and Other	5.71M	5.2M	35.64M	26.27M	108M
Total Common Equity	21.09M	134M	389M	149M	260M
Total Equity	21.09M	134M	389M	149M	260M
Total Liabilities And Equity	29.1M	178M	452M	196M	308M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	69.13M	76.87M	82.25M	84.67M	117M
ECS Total Common Shares Outstanding	65.43M	73.54M	82.24M	84.17M	106M
Book Value / Share	0.32	1.83	4.73	1.77	2.45
Tangible Book Value	21.09M	134M	389M	149M	260M
Tangible Book Value Per Share	0.32	1.82	4.73	1.77	2.45
Total Debt	5.06M	30.89M	43.32M	35.41M	30.6M
Net Debt	-73.12K	-10.38M	21M	28.18M	13.95M
Debt Equivalent Oper. Leases	188K	-78.29K	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	663K	663K	749K
Buildings, Total	-	-	17.54M	26.53M	28.45M
Machinery, Total	82.28M	106M	307M	229M	293M
Full Time Employees	-	19	18	18	20

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-1.66M	42.54M	79.62M	-236M	-51.2M
Depreciation & Amortization - CF	3.99M	10.24M	66.23M	81.46M	65.95M
Amortization of Goodwill and Intangible Assets - (CF)	2.31M	425K	789K	268K	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	6.3M	10.67M	67.02M	81.73M	65.95M
(Gain) Loss From Sale Of Asset	-	23.45M	-3.17M	1.39M	-1.08M
(Gain) Loss on Sale of Investments - (CF)	-1.27M	-794K	838K	13.43M	-3.74M
Asset Writedown & Restructuring Costs	-	-	13.33M	70.41M	-
Stock-Based Compensation (CF)	687K	1.65M	6.75M	8.38M	7.25M
Other Operating Activities, Total	927K	434K	-9.04M	-80.04M	-95.14M
Change In Accounts Receivable	-8.48M	-5.51M	60.01K	-5.37M	3.99M
Change In Accounts Payable	-1.11M	2.38M	5.14M	-3.8M	-5.1M
Change In Income Taxes	-	-758K	53.72K	-	-
Change in Other Net Operating Assets	5.38M	-51.12M	-92.12M	195M	92.6M
Cash from Operations	770K	22.95M	68.49M	44.78M	13.53M
Capital Expenditure	-	-65.24M	-215M	-42.83M	-79.9M
Sale of Property, Plant, and Equipment	-	-	2.98M	1.94M	1.88M
Cash Acquisitions	-	-967K	-	-	-
Divestitures	-	-464K	-237K	-	-
Investment in Marketable and Equity Securities, Total	-	-187K	-1.89M	-	-341K
Other Investing Activities, Total	-1.88M	-	-	-	-
Cash from Investing	-1.88M	-66.86M	-214M	-40.89M	-78.36M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	15M	-	-	-
Total Debt Issued	-	15M	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-670K	-3.05M	-9.18M	-8.44M	-7.38M
Total Debt Repaid	-670K	-3.05M	-9.18M	-8.44M	-7.38M
Issuance of Common Stock	329K	66.35M	37.02M	3.82M	57.77M
Other Financing Activities, Total	-	-	82.94M	-19.66K	19.76M
Cash from Financing	-341K	78.29M	111M	-4.64M	70.15M
Foreign Exchange Rate Adjustments	-229K	776K	-38.27K	-202K	-7K
Net Change in Cash	-1.68M	35.16M	-34.97M	-946K	5.3M
Supplemental Items
Cash Interest Paid	-	260K	286K	1.98M	1.56M
Cash Income Tax Paid (Refund)	-	151K	-	-	687K
Levered Free Cash Flow	-1.46M	-64.83M	-196M	65.86M	-125M
Unlevered Free Cash Flow	-1.3M	-64.07M	-194M	68.18M	-123M
Change In Net Working Capital	6.4M	52.47M	102M	-99.31M	89.77M
Net Debt Issued / Repaid	-670K	11.95M	-9.18M	-8.44M	-7.38M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-6.66	39.84	15.72	-24.19	-10.39
Return on Total Capital	-7.43	43.15	16.76	-25.44	-11.03
Return On Equity %	-7.73	54.69	30.79	-87.91	-25.07
Return on Common Equity	-7.73	54.69	30.79	-87.91	-25.07
Margin Analysis
Gross Profit Margin %	29.13	75.15	77.63	47.59	35.29
SG&A Margin	16.22	7.71	5.19	12.46	11.54
EBITDA Margin %	9.11	111.85	68.14	-43.5	18.6
EBITA Margin %	-2.47	99.76	37.91	-117.76	-36.59
EBIT Margin %	-10.36	99.12	37.54	-118.01	-36.59
Income From Continuing Operations Margin %	-5.69	63.78	37.7	-222.37	-44.73
Net Income Margin %	-5.69	63.78	37.7	-222.37	-44.73
Net Avail. For Common Margin %	-5.69	63.78	37.7	-222.37	-44.73
Normalized Net Income Margin	-4.51	61.22	26.48	-88.71	-27.22
Levered Free Cash Flow Margin	-4.98	-97.2	-92.82	61.95	-109.1
Unlevered Free Cash Flow Margin	-4.46	-96.06	-91.67	64.13	-107.15
Asset Turnover
Asset Turnover	1.03	0.64	0.67	0.33	0.45
Fixed Assets Turnover	2.81	4.01	1.97	0.74	1.13
Short Term Liquidity
Current Ratio	2.53	10.91	7.66	3.77	6.77
Quick Ratio	1.93	4.88	1.04	0.55	0.86
Operating Cash Flow to Current Liabilities	0.11	2.33	2.62	2.05	0.49
Average Days Payable Outstanding	12.84	59.2	60.95	47.9	35.39
Long Term Solvency
Total Debt/Equity	23.98	22.97	11.13	23.8	11.78
Total Debt / Total Capital	19.34	18.68	10.02	19.22	10.54
LT Debt/Equity	3.68	18.28	7.85	16.61	6.93
Long-Term Debt / Total Capital	2.97	14.87	7.07	13.42	6.2
Total Liabilities / Total Assets	27.55	24.59	13.98	24.12	15.57
EBIT / Interest Expense	-12.47	54.45	20.49	-33.86	-11.78
EBITDA / Interest Expense	13.48	63.23	37.8	-11.8	6.77
(EBITDA - Capex) / Interest Expense	13.48	9.5	-17.76	-23.36	-15.7
Total Debt / EBITDA	1.55	0.4	0.3	-0.81	1.27
Net Debt / EBITDA	-0.02	-0.14	0.14	-0.64	0.58
Total Debt / (EBITDA - Capex)	1.55	2.68	-0.63	-0.41	-0.55
Net Debt / (EBITDA - Capex)	-0.02	-0.9	-0.31	-0.33	-0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.18	128.26	211.97	-49.66	7.66