Balance Sheet Kawasaki Heavy Industries, Ltd.

Equities

7012

JP3224200000

Consumer Goods Conglomerates

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-13 EDT			5-day change	1st Jan Change
4,918.00 ^JPY	+7.26%		+4.82%	+57.68%

08-15	Japan's Nikkei rises as solid economic growth, US rate cues buoy sentiment	RE
08-15	Japan's Nikkei rises on solid economic growth, US cues	RE

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Published financial data: KAWASAKI HEAVY INDUSTRIES, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1,641B	1,488B	1,501B	1,726B	1,849B
Total Revenues	1,641B	1,488B	1,501B	1,726B	1,849B
Cost of Goods Sold, Total	1,371B	1,297B	1,244B	1,392B	1,537B
Gross Profit	271B	191B	257B	334B	312B
Selling General & Admin Expenses, Total	156B	152B	164B	202B	223B
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	52.61B	44.95B	47.1B	50.77B	53.36B
Other Operating Expenses	-	-	-	1.43B	-701M
Other Operating Expenses, Total	208B	196B	211B	254B	275B
Operating Income	62.06B	-5.31B	45.81B	80.08B	36.89B
Interest Expense, Total	-3.62B	-3.79B	-3.4B	-5.01B	-8.17B
Interest And Investment Income	983M	2.84B	1.97B	1.91B	2.72B
Net Interest Expenses	-2.63B	-952M	-1.43B	-3.1B	-5.46B
Income (Loss) On Equity Invest.	1.26B	411M	-14.41B	3.31B	11.36B
Currency Exchange Gains (Loss)	-8.48B	4.07B	569M	-4.69B	-2.61B
Other Non Operating Income (Expenses)	-11.78B	1.8B	-1.77B	-4.21B	-6.16B
EBT, Excl. Unusual Items	40.43B	30M	28.76B	71.39B	34.03B
Gain (Loss) On Sale Of Investments	-	137M	2.12B	-	-
Gain (Loss) On Sale Of Assets	1.28B	350M	682M	-1.04B	-2.05B
Asset Writedown	-	-15.2B	-715M	-	-
Other Unusual Items	-2.38B	-	-	-	-
EBT, Incl. Unusual Items	39.32B	-14.69B	30.85B	70.35B	31.98B
Income Tax Expense	19.05B	2.8B	6.87B	15.06B	4.67B
Earnings From Continuing Operations	20.28B	-17.49B	23.98B	55.29B	27.31B
Net Income to Company	20.28B	-17.49B	23.98B	55.29B	27.31B
Minority Interest	-1.61B	-1.85B	-2.18B	-2.26B	-1.93B
Net Income - (IS)	18.66B	-19.33B	21.8B	53.03B	25.38B
Net Income to Common Incl Extra Items	18.66B	-19.33B	21.8B	53.03B	25.38B
Net Income to Common Excl. Extra Items	18.66B	-19.33B	21.8B	53.03B	25.38B
Per Share Items
Net EPS - Basic	111.72	-115.73	130.26	316.63	151.51
Basic EPS - Continuing Operations	111.72	-115.73	130.26	316.63	151.51
Basic Weighted Average Shares Outstanding	167M	167M	167M	167M	167M
Net EPS - Diluted	111.72	-115.73	130.26	316.63	151.51
Diluted EPS - Continuing Operations	111.72	-115.73	130.26	316.63	151.51
Diluted Weighted Average Shares Outstanding	167M	167M	167M	167M	167M
Normalized Basic EPS	141.6	-10.94	94.37	252.92	115.45
Normalized Diluted EPS	141.6	-10.94	94.37	252.92	115.45
Dividend Per Share	35	-	40	90	50
Payout Ratio	62.75	-0.31	15.52	15.81	52.86
American Depositary Receipts Ratio (ADR)	0.4	0.4	0.4	0.4	0.4
Supplemental Items
EBITDA	123B	55.95B	107B	157B	118B
EBITA	62.06B	-5.31B	45.81B	80.08B	36.89B
EBIT	62.06B	-5.31B	45.81B	80.08B	36.89B
Effective Tax Rate - (Ratio)	48.44	-19.05	22.26	21.4	14.6
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	23.65B	-1.83B	15.79B	42.36B	19.34B
Non-Cash Pension Expense	1.04B	4.37B	1.31B	-546M	1.1B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	13.6B	20.64B
Selling and Marketing Expenses	-	-	-	13.6B	20.64B
Research And Development Expense From Footnotes	52.61B	44.95B	47.1B	50.7B	53.3B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	106B	127B	114B	138B	84.15B
Total Cash And Short Term Investments	106B	127B	114B	138B	84.15B
Accounts Receivable, Total	470B	457B	415B	470B	681B
Other Receivables	-	-	-	551M	2.16B
Total Receivables	470B	457B	415B	471B	683B
Inventory	632B	659B	659B	690B	710B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	51.18B	43.32B	110B	271B	249B
Total Current Assets	1,259B	1,285B	1,298B	1,570B	1,727B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	483B	451B	444B	519B	561B
Long-term Investments	125B	134B	171B	191B	205B
Other Intangibles, Total	21.36B	22.43B	23.41B	66.25B	69.62B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	70.6B	70.45B	86.25B	110B	117B
Other Long-Term Assets, Total	2M	3M	1M	4M	4M
Total Assets	1,958B	1,963B	2,023B	2,458B	2,680B
Liabilities
Accounts Payable, Total	372B	355B	344B	452B	522B
Accrued Expenses, Total	22.03B	18.24B	23.94B	-	-
Short-term Borrowings	166B	142B	96.11B	340B	454B
Current Portion of Long-Term Debt	20B	30B	20B	-	-
Current Portion of Leases	1.54B	1.06B	1.18B	-	-
Current Income Taxes Payable	6.12B	4.75B	8.51B	18.07B	7.93B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	360B	367B	493B	498B	558B
Total Current Liabilities	948B	918B	987B	1,309B	1,541B
Long-Term Debt	349B	389B	374B	445B	392B
Long-Term Leases	873M	9.53B	9.9B	-	-
Pension & Other Post Retirement Benefits	130B	115B	107B	91.55B	74.6B
Deferred Tax Liability Non Current	796M	1.12B	1.59B	833M	707M
Other Non Current Liabilities	58.18B	47.66B	44.31B	14.73B	17.29B
Total Liabilities	1,486B	1,481B	1,524B	1,861B	2,026B
Common Stock, Total	104B	104B	104B	104B	104B
Additional Paid In Capital	54.54B	54.54B	55.53B	55.72B	56.46B
Retained Earnings	327B	307B	285B	380B	405B
Treasury Stock	-133M	-136M	-1.13B	-1.11B	-1.06B
Comprehensive Income and Other	-29.89B	-133M	34.92B	36.85B	69.06B
Total Common Equity	456B	465B	479B	576B	634B
Minority Interest	15.93B	17.44B	19.34B	20.67B	20.46B
Total Equity	472B	483B	499B	597B	655B
Total Liabilities And Equity	1,958B	1,963B	2,023B	2,458B	2,680B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	167M	167M	167M	167M	168M
ECS Total Common Shares Outstanding	167M	167M	167M	167M	168M
Book Value / Share	2.73K	2.79K	2.86K	3.44K	3.79K
Tangible Book Value	434B	443B	456B	510B	564B
Tangible Book Value Per Share	2.6K	2.65K	2.72K	3.04K	3.37K
Total Debt	537B	571B	501B	785B	845B
Net Debt	431B	445B	387B	647B	761B
Debt Equivalent of Unfunded Proj. Benefit Obligation	130B	115B	107B	91.21B	74.21B
Minority Interest, Total (Incl. Fin. Div)	15.93B	17.44B	19.34B	20.67B	20.46B
Equity Method Investments, Total	-	-	-	77.44B	90.95B
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	130B	136B	160B	176B	203B
Inventories - Work In Process, Total	426B	453B	420B	404B	393B
Inventories - Finished Goods, Total	75.04B	69.22B	78.62B	110B	114B
Inventories - Others	-	-	-	1M	1M
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	36.33K	36.69K	36.59K	38.25K	39.69K
Accumulated Allowance for Doubtful Accounts (Supple)	3.37B	3.59B	3.91B	-	-
Order Backlog	1,627B	1,541B	1,631B	1,996B	2,323B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	39.32B	-14.69B	30.85B	55.29B	27.31B
Depreciation & Amortization - CF	61.28B	61.26B	60.85B	77.37B	80.98B
Depreciation & Amortization, Total	61.28B	61.26B	60.85B	77.37B	80.98B
(Gain) Loss From Sale Of Asset	-1.28B	11.97B	-918M	5.65B	3.06B
(Gain) Loss on Sale of Investments - (CF)	-	-137M	-	-	-
(Income) Loss On Equity Investments - (CF)	-1.26B	-411M	14.41B	-3.31B	-11.36B
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-12.23B	-7.4B	-11.74B	-13.05B	-19.04B
Change In Accounts Receivable	-46.75B	23.27B	26B	-59.33B	-186B
Change In Inventories	-48.07B	-26.37B	-39.04B	-64.22B	9.9B
Change In Accounts Payable	2.4B	-16.78B	-15.07B	42.21B	43.58B
Change in Other Net Operating Assets	-8.89B	3.9B	79.08B	-17B	83.71B
Cash from Operations	-15.46B	34.6B	144B	23.62B	31.66B
Capital Expenditure	-71.95B	-51.69B	-62.4B	-58.94B	-80.06B
Sale of Property, Plant, and Equipment	6.09B	13.66B	5.56B	2.18B	2.67B
Cash Acquisitions	-5.4B	-97M	478M	-7.35B	-969M
Divestitures	-	1.93B	-	-3.06B	1.03B
Sale (Purchase) of Intangible assets	-	-	-	-11B	-16.4B
Investment in Marketable and Equity Securities, Total	297M	365M	3.6B	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	1.56B	-1.55B	225M	721M	3.92B
Cash from Investing	-69.4B	-37.39B	-52.54B	-77.46B	-89.81B
Short Term Debt Issued, Total	104B	-	-	36.66B	80.23B
Long-Term Debt Issued, Total	64.35B	87.31B	25.5B	27.5B	41.58B
Total Debt Issued	168B	87.31B	25.5B	64.16B	122B
Short Term Debt Repaid, Total	-	-28.41B	-74.24B	-	-
Long-Term Debt Repaid, Total	-38.94B	-42.3B	-47B	-41.99B	-63.04B
Total Debt Repaid	-38.94B	-70.71B	-121B	-41.99B	-63.04B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-11.71B	-59M	-3.38B	-8.38B	-13.42B
Common & Preferred Stock Dividends Paid	-11.71B	-59M	-3.38B	-8.38B	-13.42B
Other Financing Activities, Total	-1.66B	6.55B	-3.22B	71.51B	-32.44B
Cash from Financing	116B	23.09B	-102B	85.3B	12.91B
Foreign Exchange Rate Adjustments	3.29B	-682M	-3.2B	-1.56B	-9.03B
Miscellaneous Cash Flow Adjustments	-	-1M	-	-	1M
Net Change in Cash	34.23B	19.62B	-13.65B	29.91B	-54.27B
Supplemental Items
Cash Interest Paid	3.63B	3.65B	3.63B	5B	8.11B
Cash Income Tax Paid (Refund)	13.73B	11.08B	12.16B	19.01B	31.39B
Levered Free Cash Flow	-58.72B	-17.23B	125B	-95.83B	-89.06B
Unlevered Free Cash Flow	-56.46B	-14.86B	128B	-92.7B	-83.95B
Change In Net Working Capital	84.59B	21.11B	-101B	150B	91.53B
Net Debt Issued / Repaid	129B	16.6B	-95.74B	22.18B	58.77B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.04	-0.17	1.44	2.23	0.9
Return on Total Capital	4	-0.32	2.79	4.2	1.6
Return On Equity %	4.21	-3.66	4.89	10.1	4.36
Return on Common Equity	4	-4.2	4.62	10.05	4.19
Margin Analysis
Gross Profit Margin %	16.48	12.84	17.1	19.35	16.88
SG&A Margin	9.5	10.18	10.91	11.68	12.04
EBITDA Margin %	7.51	3.76	7.11	9.12	6.37
EBITA Margin %	3.78	-0.36	3.05	4.64	2
EBIT Margin %	3.78	-0.36	3.05	4.64	2
Income From Continuing Operations Margin %	1.24	-1.17	1.6	3.2	1.48
Net Income Margin %	1.14	-1.3	1.45	3.07	1.37
Net Avail. For Common Margin %	1.14	-1.3	1.45	3.07	1.37
Normalized Net Income Margin	1.44	-0.12	1.05	2.45	1.05
Levered Free Cash Flow Margin	-3.58	-1.16	8.36	-5.55	-4.82
Unlevered Free Cash Flow Margin	-3.44	-1	8.5	-5.37	-4.54
Asset Turnover
Asset Turnover	0.86	0.76	0.75	0.77	0.72
Fixed Assets Turnover	3.39	3.19	3.35	3.58	3.42
Receivables Turnover (Average Receivables)	3.67	3.21	3.44	3.9	3.21
Inventory Turnover (Average Inventory)	2.24	2.01	1.89	2.06	2.19
Short Term Liquidity
Current Ratio	1.33	1.4	1.31	1.2	1.12
Quick Ratio	0.61	0.64	0.54	0.47	0.5
Operating Cash Flow to Current Liabilities	-0.02	0.04	0.15	0.02	0.02
Days Sales Outstanding (Average Receivables)	99.64	113.62	105.98	93.61