Income Statement Husqvarna AB

Equities

HUSQ B

SE0001662230

Appliances, Tools & Housewares

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2024-09-11 EDT			5-day change	1st Jan Change
62.68 ^SEK	-6.00%		-4.97%	-24.46%

06:18pm	HUSQVARNA : Warning on Q3 24
07:52am	Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending	RE

78.ocnQZ8IIM6wnFahKUhqw_qnybZsnXJn7a9NJWXB_jok.6JHmLZY6a8pwb5wQAHTGyfyeOOJjHtW6NLguIDcg7PuRlqFRgVln_kJk_Q

Published financial data: HUSQVARNA AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	42.28B	41.94B	47.06B	54.04B	53.26B
Total Revenues	42.28B	41.94B	47.06B	54.04B	53.26B
Cost of Goods Sold, Total	29.6B	28.75B	31.48B	37.81B	36.41B
Gross Profit	12.68B	13.19B	15.58B	16.22B	16.85B
Selling General & Admin Expenses, Total	8.97B	8.65B	9.88B	11.41B	11.93B
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	8.97B	8.65B	9.88B	11.41B	11.93B
Operating Income	3.71B	4.54B	5.7B	4.81B	4.92B
Interest Expense, Total	-461M	-283M	-219M	-418M	-414M
Interest And Investment Income	17M	20M	25M	21M	65M
Net Interest Expenses	-444M	-263M	-194M	-397M	-349M
Currency Exchange Gains (Loss)	-30M	17M	16M	17M	10M
Other Non Operating Income (Expenses)	-56M	-65M	-52M	-62M	-615M
EBT, Excl. Unusual Items	3.18B	4.23B	5.47B	4.37B	3.97B
Restructuring Charges	-225M	-815M	-17M	-1.61B	-725M
Merger & Related Restructuring Charges	-	-15M	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-8M	-2M
Gain (Loss) On Sale Of Assets	197M	24M	54M	209M	2M
Asset Writedown	-31M	-96M	-49M	-	-
Insurance Settlements	-	-	35M	-	-
Other Unusual Items	-	-	-	-380M	-365M
EBT, Incl. Unusual Items	3.12B	3.33B	5.49B	2.58B	2.88B
Income Tax Expense	594M	835M	1.06B	649M	702M
Earnings From Continuing Operations	2.53B	2.5B	4.44B	1.93B	2.18B
Net Income to Company	2.53B	2.5B	4.44B	1.93B	2.18B
Minority Interest	-1M	-1M	-	2M	1M
Net Income - (IS)	2.53B	2.49B	4.44B	1.94B	2.18B
Net Income to Common Incl Extra Items	2.53B	2.49B	4.44B	1.94B	2.18B
Net Income to Common Excl. Extra Items	2.53B	2.49B	4.44B	1.94B	2.18B
Per Share Items
Net EPS - Basic	4.42	4.36	7.76	3.39	3.81
Basic EPS - Continuing Operations	4.42	4.36	7.76	3.39	3.81
Basic Weighted Average Shares Outstanding	572M	572M	572M	570M	571M
Net EPS - Diluted	4.42	4.35	7.73	3.38	3.81
Diluted EPS - Continuing Operations	4.42	4.35	7.73	3.38	3.81
Diluted Weighted Average Shares Outstanding	572M	573M	574M	573M	572M
Normalized Basic EPS	3.47	4.62	5.98	4.79	4.35
Normalized Diluted EPS	3.47	4.62	5.96	4.77	4.34
Dividend Per Share	2.25	2.4	3	3	3
Payout Ratio	50.93	51.64	30.99	88.42	78.73
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	4.98B	5.85B	7.07B	6.44B	6.68B
EBITA	3.97B	4.8B	5.99B	5.2B	5.35B
EBIT	3.71B	4.54B	5.7B	4.81B	4.92B
EBITDAR	-	5.91B	7.24B	6.74B	6.92B
Effective Tax Rate - (Ratio)	19.03	25.08	19.24	25.14	24.39
Total Current Taxes	463M	1.16B	693M	1.02B	774M
Total Deferred Taxes	131M	-320M	364M	-369M	-72M
Normalized Net Income	1.99B	2.64B	3.42B	2.73B	2.48B
Interest on Long-Term Debt	49M	46M	41M	29M	46M
Non-Cash Pension Expense	45M	44M	30M	30M	43M
Supplemental Operating Expense Items
Selling and Marketing Expenses	6.93B	6.51B	7.15B	8.49B	8.86B
General and Administrative Expenses	2B	2.11B	2.7B	2.9B	3.02B
Research And Development Expense From Footnotes	1.72B	1.82B	1.92B	2.18B	2.52B
Net Rental Expense, Total	-	58M	168M	301M	241M
Imputed Operating Lease Interest Expense	-	11.31M	26.51M	65.65M	42.98M
Imputed Operating Lease Depreciation	-	46.69M	141M	235M	198M
Stock-Based Comp., Other (Total)	32M	23M	246M	111M	23M
Total Stock-Based Compensation	32M	23M	246M	111M	23M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.91B	6.15B	2.21B	2.33B	1.53B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.91B	6.15B	2.21B	2.33B	1.53B
Accounts Receivable, Total	3.62B	3.26B	4.31B	6.27B	5.29B
Other Receivables	453M	428M	461M	989M	572M
Total Receivables	4.07B	3.69B	4.77B	7.26B	5.86B
Inventory	10.91B	9.78B	14.1B	19.48B	17.28B
Prepaid Expenses	375M	302M	438M	504M	419M
Other Current Assets, Total	974M	1.33B	828M	1.22B	1.93B
Total Current Assets	18.24B	21.25B	22.35B	30.79B	27.02B
Gross Property Plant And Equipment	21.59B	20.8B	22.89B	25.86B	25.97B
Accumulated Depreciation	-13.21B	-13.26B	-13.77B	-16.42B	-16.69B
Net Property Plant And Equipment	8.38B	7.54B	9.12B	9.44B	9.27B
Long-term Investments	428M	399M	436M	621M	618M
Goodwill	7.34B	6.9B	9.3B	10.19B	9.92B
Other Intangibles, Total	4.44B	4.42B	6.42B	6.99B	6.91B
Deferred Tax Assets Long-Term	1.69B	1.58B	1.53B	1.83B	2.14B
Deferred Charges Long-Term	1.19B	1.22B	1.26B	1.42B	1.49B
Other Long-Term Assets, Total	275M	214M	493M	360M	238M
Total Assets	41.98B	43.52B	50.92B	61.64B	57.61B
Liabilities
Accounts Payable, Total	4.1B	4.82B	6.99B	7.11B	5.49B
Accrued Expenses, Total	2.86B	3.21B	3.87B	3.85B	3.77B
Short-term Borrowings	611M	2.85B	3.34B	6.64B	4.38B
Current Portion of Long-Term Debt	2.31B	449M	1.79B	1.97B	2.22B
Current Portion of Leases	457M	376M	487M	649M	648M
Current Income Taxes Payable	269M	1.01B	1.64B	667M	662M
Other Current Liabilities	725M	1.26B	947M	1.66B	1.51B
Total Current Liabilities	11.33B	13.98B	19.06B	22.55B	18.68B
Long-Term Debt	7.1B	6.77B	3.79B	8.93B	8.56B
Long-Term Leases	1.3B	991M	1.36B	1.71B	1.44B
Pension & Other Post Retirement Benefits	2.62B	2.64B	2.19B	1.68B	2.21B
Deferred Tax Liability Non Current	1.73B	1.5B	2.24B	2.06B	2.33B
Other Non Current Liabilities	610M	586M	635M	699M	620M
Total Liabilities	24.7B	26.46B	29.27B	37.62B	33.84B
Common Stock, Total	1.15B	1.15B	1.15B	1.15B	1.15B
Additional Paid In Capital	2.6B	2.6B	2.6B	2.6B	2.6B
Retained Earnings	12.76B	13.96B	17.55B	18.2B	18.16B
Comprehensive Income and Other	763M	-654M	326M	2.05B	1.85B
Total Common Equity	17.28B	17.06B	21.63B	24B	23.77B
Minority Interest	2M	3M	14M	10M	2M
Total Equity	17.28B	17.06B	21.65B	24.01B	23.77B
Total Liabilities And Equity	41.98B	43.52B	50.92B	61.64B	57.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	572M	573M	570M	570M	572M
ECS Total Common Shares Outstanding	572M	573M	570M	570M	572M
Book Value / Share	30.2	29.79	37.92	42.08	41.59
Tangible Book Value	5.51B	5.74B	5.91B	6.83B	6.94B
Tangible Book Value Per Share	9.63	10.02	10.36	11.97	12.15
Total Debt	11.79B	11.44B	10.77B	19.9B	17.25B
Net Debt	9.88B	5.29B	8.56B	17.57B	15.72B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.43B	2.48B	1.78B	1.43B	1.99B
Debt Equivalent Oper. Leases	-	464M	1.34B	2.41B	1.93B
Minority Interest, Total (Incl. Fin. Div)	2M	3M	14M	10M	2M
Equity Method Investments, Total	33M	44M	36M	16M	14M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	422M	415M	588M	725M	740M
Inventories - Finished Goods, Total	7.84B	6.52B	8.91B	12.7B	11.22B
Inventories - Others	2.6B	2.8B	4.53B	5.91B	5.23B
Land - (BS)	437M	398M	506M	551M	682M
Buildings, Total	3.55B	3.4B	4.1B	4.52B	4.53B
Machinery, Total	14.75B	13.97B	15.34B	17.38B	17.54B
Full Time Employees	13.08K	13.56K	13.7K	13.5K	12.76K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	223M	180M	203M	260M	201M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.53B	2.49B	4.44B	1.94B	2.18B
Depreciation & Amortization - CF	1.46B	1.49B	1.53B	1.77B	2.01B
Amortization of Goodwill and Intangible Assets - (CF)	258M	252M	289M	388M	429M
Depreciation & Amortization, Total	1.71B	1.74B	1.82B	2.16B	2.44B
Amortization of Deferred Charges, Total - (CF)	363M	500M	399M	433M	503M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-260M	48M	-169M	531M	-398M
Other Operating Activities, Total	132M	1.36B	1B	-821M	830M
Change In Accounts Receivable	114M	55M	-528M	-1.51B	917M
Change In Inventories	627M	278M	-2.7B	-3.83B	1.92B
Change In Accounts Payable	-656M	1.01B	1.48B	-336M	-1.58B
Change in Other Net Operating Assets	347M	584M	-76M	-264M	264M
Cash from Operations	4.91B	8.08B	5.66B	-1.71B	7.07B
Capital Expenditure	-1.56B	-1.29B	-1.71B	-1.38B	-1.4B
Sale of Property, Plant, and Equipment	-	-	8M	240M	5M
Cash Acquisitions	-41M	-399M	-3.94B	-85M	-9M
Divestitures	390M	-	73M	-	-
Sale (Purchase) of Real Estate properties	-12M	-14M	-100M	-1M	-140M
Sale (Purchase) of Intangible assets	-655M	-695M	-711M	-962M	-1.09B
Investment in Marketable and Equity Securities, Total	-56M	-2M	2M	-112M	-22M
Other Investing Activities, Total	-	1M	-	-	1M
Cash from Investing	-1.94B	-2.4B	-6.38B	-2.3B	-2.65B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	3.77B	2.6B	2.24B	10.9B	5.58B
Total Debt Issued	3.77B	2.6B	2.24B	10.9B	5.58B
Long-Term Debt Repaid, Total	-3.91B	-3.6B	-4.28B	-3.08B	-8.87B
Total Debt Repaid	-3.91B	-3.6B	-4.28B	-3.08B	-8.87B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.29B	-1.29B	-1.38B	-1.71B	-1.71B
Common & Preferred Stock Dividends Paid	-1.29B	-1.29B	-1.38B	-1.71B	-1.71B
Other Financing Activities, Total	-1.02B	1B	62M	-2.13B	-160M
Cash from Financing	-2.45B	-1.28B	-3.36B	3.98B	-5.16B
Foreign Exchange Rate Adjustments	43M	-162M	126M	154M	-55M
Miscellaneous Cash Flow Adjustments	-	1M	-1M	1M	-
Net Change in Cash	565M	4.24B	-3.94B	120M	-801M
Supplemental Items
Cash Income Tax Paid (Refund)	811M	291M	198M	2.32B	493M
Levered Free Cash Flow	1.8B	6.53B	1.57B	-5.36B	4.4B
Unlevered Free Cash Flow	2.09B	6.71B	1.7B	-5.1B	4.66B
Change In Net Working Capital	116M	-3.58B	1.9B	8.47B	-1.1B
Net Debt Issued / Repaid	-142M	-998M	-2.04B	7.82B	-3.29B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.76	6.64	7.55	5.35	5.16
Return on Total Capital	8.42	9.86	11.7	7.88	7.24
Return On Equity %	15.19	14.53	22.92	8.47	9.11
Return on Common Equity	15.18	14.53	22.93	8.48	9.11
Margin Analysis
Gross Profit Margin %	29.99	31.45	33.11	30.02	31.64
SG&A Margin	21.21	20.62	20.99	21.12	22.4
EBITDA Margin %	11.77	13.96	15.03	11.91	12.55
EBITA Margin %	9.39	11.43	12.73	9.62	10.05
EBIT Margin %	8.78	10.83	12.11	8.91	9.24
Income From Continuing Operations Margin %	5.98	5.95	9.43	3.58	4.09
Net Income Margin %	5.98	5.95	9.43	3.58	4.09
Net Avail. For Common Margin %	5.98	5.95	9.43	3.58	4.09
Normalized Net Income Margin	4.7	6.3	7.27	5.06	4.66
Levered Free Cash Flow Margin	4.27	15.58	3.33	-9.92	8.25
Unlevered Free Cash Flow Margin	4.95	16	3.62	-9.44	8.74
Asset Turnover
Asset Turnover	1.05	0.98	1	0.96	0.89
Fixed Assets Turnover	5.81	5