Cash flow Hut 8 Corp.

Equities

HUT

US44812J1043

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 16:00:00 2024-09-18 EDT			Pre-market 08:20:54
11.02 ^USD	-3.50%		11.55	+4.81%

11:42am	Hut 8 Up 5.25% In US Premarket As It and Bitmain Expand Innovation Partnership with Launch of Next-Generation Bitmain Miner	MT
10:54am	Hut 8 and BITMAIN Expand Innovation Partnership with Launch of Next-Generation BITMAIN Miner	CI

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Published financial data: HUT 8 CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023
Revenues	-	5.57M	27.47M
Other Revenues, Total	7.32M	68.16M	93.74M
Total Revenues	7.32M	73.73M	121M
Cost of Goods Sold, Total	2.51M	25.78M	68.6M
Gross Profit	4.81M	47.95M	52.61M
Selling General & Admin Expenses, Total	20.82M	31.32M	70.3M
Depreciation & Amortization - (IS)	670K	11.59M	21.24M
Other Operating Expenses	2.15M	30.3M	-65.25M
Other Operating Expenses, Total	23.64M	73.22M	26.29M
Operating Income	-18.82M	-25.27M	26.32M
Interest Expense, Total	-343K	-6.92M	-23.41M
Net Interest Expenses	-343K	-6.92M	-23.41M
Income (Loss) On Equity Invest.	-	-	12.35M
Currency Exchange Gains (Loss)	-	-	2M
EBT, Excl. Unusual Items	-19.17M	-32.19M	17.26M
Merger & Related Restructuring Charges	-	-	-4.8M
Gain (Loss) On Sale Of Assets	-	5.46M	-886K
Asset Writedown	-	-	-63.57M
Legal Settlements	-	-	1.53M
Other Unusual Items	-	-	23.68M
EBT, Incl. Unusual Items	-19.17M	-26.73M	11.57M
Income Tax Expense	-3.59M	5.07M	-842K
Earnings From Continuing Operations	-15.57M	-31.8M	12.42M
Net Income to Company	-15.57M	-31.8M	12.42M
Net Income - (IS)	-15.57M	-31.8M	12.42M
Net Income to Common Incl Extra Items	-15.57M	-31.8M	12.42M
Net Income to Common Excl. Extra Items	-15.57M	-31.8M	12.42M
Per Share Items
Net EPS - Basic	-0.56	-0.91	0.24
Basic EPS - Continuing Operations	-0.56	-0.91	0.24
Basic Weighted Average Shares Outstanding	27.96M	34.86M	51.27M
Net EPS - Diluted	-0.56	-0.91	0.22
Diluted EPS - Continuing Operations	-0.56	-0.91	0.22
Diluted Weighted Average Shares Outstanding	27.96M	34.86M	55.27M
Normalized Basic EPS	-0.43	-0.58	0.21
Normalized Diluted EPS	-0.43	-0.58	0.2
Supplemental Items
EBITDA	-18.15M	-13.68M	47.56M
EBITA	-18.82M	-25.27M	26.32M
EBIT	-18.82M	-25.27M	26.32M
EBITDAR	-10.46M	-12.85M	24.3M
Total Revenues (As Reported)	7.32M	73.73M	121M
Effective Tax Rate - (Ratio)	18.76	-18.96	-7.27
Current Domestic Taxes	-	-	848K
Total Current Taxes	-	-	848K
Deferred Domestic Taxes	-3.59M	5.07M	-1.69M
Total Deferred Taxes	-3.59M	5.07M	-1.69M
Normalized Net Income	-11.98M	-20.12M	10.79M
Interest Capitalized	-	-	700K
Interest on Long-Term Debt	-	-	8K
Supplemental Operating Expense Items
General and Administrative Expenses	20.82M	31.32M	70.3M
Net Rental Expense, Total	129K	830K	519K
Imputed Operating Lease Interest Expense	-	679K	1.34M
Imputed Operating Lease Depreciation	-	151K	-510K
Stock-Based Comp., G&A Exp. (Total)	17.99M	9.18M	24.43M
Total Stock-Based Compensation	17.99M	9.18M	24.43M

Fiscal Period: June	2021	2022	2023
Assets
Cash And Equivalents	6.72M	21.07M	30.5M
Total Cash And Short Term Investments	6.72M	21.07M	30.5M
Accounts Receivable, Total	-	1.17M	3.34M
Other Receivables	-	5.5M	-
Total Receivables	-	6.67M	3.34M
Prepaid Expenses	-	8.5M	8.57M
Restricted Cash	-	-	453K
Other Current Assets, Total	3.06M	847K	18.76M
Total Current Assets	9.78M	37.08M	61.62M
Gross Property Plant And Equipment	7.91M	132M	162M
Accumulated Depreciation	-497K	-11.95M	-29.23M
Net Property Plant And Equipment	7.42M	120M	133M
Long-term Investments	-	-	82.66M
Goodwill	-	-	57.6M
Other Intangibles, Total	-	-	17.28M
Deferred Tax Assets Long-Term	2.1M	-	-
Other Long-Term Assets, Total	23.87M	88.34M	389M
Total Assets	43.16M	245M	741M
Liabilities
Accounts Payable, Total	1.46M	6.27M	14.96M
Accrued Expenses, Total	378K	858K	21.7M
Current Portion of Long-Term Debt	4.09M	77.22M	64.13M
Current Portion of Leases	199K	496K	1.97M
Unearned Revenue Current, Total	-	14.84M	2.7M
Other Current Liabilities	-	478K	7.1M
Total Current Liabilities	6.13M	100M	113M
Long-Term Debt	-	51.06M	123M
Long-Term Leases	307K	1.91M	14.4M
Deferred Tax Liability Non Current	-	2.97M	609K
Other Non Current Liabilities	855K	1.32M	2.32M
Total Liabilities	7.29M	157M	253M
Preferred Stock Convertible	24.65M	98.5M	98.5M
Total Preferred Equity	24.65M	98.5M	98.5M
Common Stock, Total	-	-	889K
Additional Paid In Capital	20.31M	29.99M	576M
Retained Earnings	-9.08M	-40.89M	-100M
Comprehensive Income and Other	-	-	10.76M
Total Common Equity	11.22M	-10.9M	488M
Total Equity	35.87M	87.6M	488M
Total Liabilities And Equity	43.16M	245M	741M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	27.96M	43.12M	89.24M
ECS Total Common Shares Outstanding	27.96M	43.12M	88.96M
Book Value / Share	0.4	-0.25	5.48
Tangible Book Value	11.22M	-10.9M	413M
Tangible Book Value Per Share	0.4	-0.25	4.64
Total Debt	4.6M	131M	204M
Net Debt	-2.12M	110M	173M
Debt Equivalent Oper. Leases	-	6.64M	6.61M
Equity Method Investments, Total	-	-	82.66M
Account Code - Inventory Valuation	-	3	3
Land - (BS)	-	1.74M	50K
Machinery, Total	7.32M	95.23M	8.25M
Full Time Employees	-	-	219

Fiscal Period: June	2021	2022	2023
Net Income	-15.57M	-31.8M	12.42M
Depreciation & Amortization - CF	852K	11.99M	21.66M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	400K
Depreciation & Amortization, Total	852K	11.99M	21.66M
Amortization of Deferred Charges, Total - (CF)	-	574K	7.3M
(Gain) Loss From Sale Of Asset	-	-	-64.37M
Asset Writedown & Restructuring Costs	-	-	63.57M
(Income) Loss On Equity Investments - (CF)	-	-	21.85M
Stock-Based Compensation (CF)	17.99M	9.18M	24.43M
Other Operating Activities, Total	-8.77M	6.1M	-75.67M
Change In Accounts Receivable	-	-155K	-1.29M
Change In Accounts Payable	2.49M	-538K	7.87M
Change in Unearned Revenues	-	14.84M	3.34M
Change in Other Net Operating Assets	-6.07M	-8.75M	3.21M
Cash from Operations	-9.07M	1.44M	-39.24M
Capital Expenditure	-58.29K	-37.27M	-1.21M
Sale of Property, Plant, and Equipment	-	-	1.34M
Divestitures	-	-	46.06M
Investment in Marketable and Equity Securities, Total	-	-	-10M
Other Investing Activities, Total	-46.9M	-141M	83.1M
Cash from Investing	-46.96M	-179M	129M
Long-Term Debt Issued, Total	5.87M	131M	14.24M
Total Debt Issued	10.06M	131M	14.24M
Long-Term Debt Repaid, Total	-1.78M	-10.52M	-24.8M
Total Debt Repaid	-3.05M	-10.52M	-49.6M
Issuance of Common Stock	17.68M	-	32K
Issuance of Preferred Stock	42.86M	73.79M	-
Repurchase of Preferred Stock	-	-100K	-
Other Financing Activities, Total	-	-2.24M	-1.23M
Cash from Financing	67.55M	192M	-49.57M
Foreign Exchange Rate Adjustments	-	-	672K
Net Change in Cash	11.52M	14.35M	41.16M
Supplemental Items
Cash Interest Paid	194K	6.84M	908K
Cash Income Tax Paid (Refund)	-	-	1.4M
Levered Free Cash Flow	-	-27.99M	-7.16M
Unlevered Free Cash Flow	-	-24.23M	6.75M
Change In Net Working Capital	-	-7.66M	6.78M
Net Debt Issued / Repaid	7.01M	120M	-49.6M

Fiscal Period: June	2021	2022	2023
Profitability
Return on Assets	-	-10.96	-3.22
Return on Total Capital	-	-12.21	-3.52
Return On Equity %	-	-51.51	-114.13
Return on Common Equity	-	-19.69K	159.97
Margin Analysis
Gross Profit Margin %	65.73	65.03	43.4
SG&A Margin	284.27	42.49	58
EBITDA Margin %	-247.89	-18.55	39.23
EBITA Margin %	-257.05	-34.27	21.71
EBIT Margin %	-257.05	-34.27	21.71
Income From Continuing Operations Margin %	-212.64	-43.13	10.24
Net Income Margin %	-212.64	-43.13	10.24
Net Avail. For Common Margin %	-212.64	-43.13	10.24
Normalized Net Income Margin	-163.58	-27.29	8.9
Levered Free Cash Flow Margin	-	-37.96	-9.31
Unlevered Free Cash Flow Margin	-	-32.87	8.77
Asset Turnover
Asset Turnover	-	0.51	0.35
Fixed Assets Turnover	-	1.16	0.81
Receivables Turnover (Average Receivables)	-	-	30.67
Short Term Liquidity
Current Ratio	1.6	0.37	0.55
Quick Ratio	1.1	0.28	0.3
Operating Cash Flow to Current Liabilities	-1.48	0.01	-0.35
Days Sales Outstanding (Average Receivables)	-	-	11.9
Average Days Payable Outstanding	-	54.76	41.82
Long Term Solvency
Total Debt/Equity	12.82	149.17	41.8
Total Debt / Total Capital	11.36	59.87	29.48
LT Debt/Equity	0.86	60.46	28.24
Long-Term Debt / Total Capital	0.76	24.27	19.92
Total Liabilities / Total Assets	16.9	64.25	34.18
EBIT / Interest Expense	-54.91	-3.65	1.12
EBITDA / Interest Expense	-52.95	-1.86	2.03
(EBITDA - Capex) / Interest Expense	-53.12	-7.24	1.98
Total Debt / EBITDA	-0.25	-10.17	4.29
Net Debt / EBITDA	0.12	-8.53	3.64
Total Debt / (EBITDA - Capex)	-0.25	-2.61	4.4
Net Debt / (EBITDA - Capex)	0.12	-2.19	3.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	906.77	4.32
Gross Profit, 1 Yr. Growth %	-	896.05	-29.5
EBITDA, 1 Yr. Growth %	-	-24.65	-155.24
EBITA, 1 Yr. Growth %	-	34.24	-57.17
EBIT, 1 Yr. Growth %	-	34.24	-55.59
Earnings From Cont. Operations, 1 Yr. Growth %	-	104.22	106.3
Net Income, 1 Yr. Growth %	-	104.22	106.3
Normalized Net Income, 1 Yr. Growth %	-	67.94	2.6
Diluted EPS Before Extra, 1 Yr. Growth %	-	63.78	66.75
Accounts Receivable, 1 Yr. Growth %	-	-	-45.55
Net Property, Plant and Equip., 1 Yr. Growth %	-	1.51K	-40.43
Total Assets, 1 Yr. Growth %	-	467.66	-22.46
Tangible Book Value, 1 Yr. Growth %	-	-197.12	603.35
Common Equity, 1 Yr. Growth %	-	-197.12	552.57
Cash From Operations, 1 Yr. Growth %	-	-115.83	-31.64
Capital Expenditures, 1 Yr. Growth %	-	63.85K	-91.58
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-74.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-127.84
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	224.07
Gross Profit, 2 Yr. CAGR %	-	-	164.99
EBITDA, 2 Yr. CAGR %	-	-	-35.49
EBITA, 2 Yr. CAGR %	-	-	-24.18
EBIT, 2 Yr. CAGR %	-	-	-22.79
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	105.26
Net Income, 2 Yr. CAGR %	-	-	105.26
Normalized Net Income, 2 Yr. CAGR %	-	-	31.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	65.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	209.97
Total Assets, 2 Yr. CAGR %	-	-	109.8
Tangible Book Value, 2 Yr. CAGR %	-	-	161.36
Common Equity, 2 Yr. CAGR %	-	-	151.75
Cash From Operations, 2 Yr. CAGR %	-	-	79.81
Capital Expenditures, 2 Yr. CAGR %	-	-	633.86