Cash flow Lufthansa

Equities

LHA

DE0008232125

Airlines

Market Closed - Xetra Other stock markets 11:44:39 2024-09-19 EDT			After market 14:46:17
6.368 ^EUR	+3.01%		6.385	+0.27%

04:01pm	Lufthansa extends flight stop to Israel and Iran	DP
09-18	System failure at Lufthansa Cargo: Problems in Frankfurt and Munich	DP

1f992b55d3f805ccf839db90e79ba.vEB8LWYrETevVqtgbOA_1gPPn48B5tV8w7dsY4EIq2Q.6AIWXV9lTnn1b8cCHIgH71q9y_xDo4IymYAqIdlw2iDrdDN7ORJVQN4X4g

Published financial data: LUFTHANSA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	28.14B	9.08B	11.88B	25.85B	29.93B
Other Revenues, Total	8.36B	4.54B	4.97B	6.96B	5.55B
Total Revenues	36.5B	13.62B	16.84B	32.8B	35.48B
Cost of Goods Sold, Total	28.26B	14.71B	14.58B	26.44B	28.05B
Gross Profit	8.24B	-1.09B	2.26B	6.37B	7.43B
Selling General & Admin Expenses, Total	503M	225M	214M	232M	281M
Depreciation & Amortization - (IS)	2.72B	2.58B	2.27B	2.28B	2.24B
Other Operating Expenses	3.56B	1.64B	1.52B	2.62B	2.83B
Other Operating Expenses, Total	6.78B	4.44B	4.01B	5.13B	5.35B
Operating Income	1.46B	-5.53B	-1.75B	1.24B	2.08B
Interest Expense, Total	-275M	-320M	-357M	-405M	-516M
Interest And Investment Income	79M	83M	2M	69M	245M
Net Interest Expenses	-196M	-237M	-355M	-336M	-271M
Income (Loss) On Equity Invest.	168M	-264M	2M	-1M	213M
Currency Exchange Gains (Loss)	108M	109M	-78M	88M	48M
Other Non Operating Income (Expenses)	382M	-870M	98M	203M	197M
EBT, Excl. Unusual Items	1.92B	-6.79B	-2.08B	1.19B	2.27B
Restructuring Charges	-	-	-581M	63M	2M
Impairment of Goodwill	-	-222M	-	-156M	-
Gain (Loss) On Sale Of Investments	-15M	-36M	98M	122M	19M
Gain (Loss) On Sale Of Assets	-21M	-22M	-29M	-7M	82M
Asset Writedown	-23M	-1.56B	-13M	-40M	-1M
Legal Settlements	-	-	-	-6M	-
Other Unusual Items	-	-	-	-118M	-53M
EBT, Incl. Unusual Items	1.86B	-8.63B	-2.61B	1.05B	2.32B
Income Tax Expense	615M	-1.86B	-413M	246M	380M
Earnings From Continuing Operations	1.24B	-6.77B	-2.19B	804M	1.94B
Earnings Of Discontinued Operations	-	-	-	-	-248M
Net Income to Company	1.24B	-6.77B	-2.19B	804M	1.69B
Minority Interest	-32M	41M	2M	-13M	-16M
Net Income - (IS)	1.21B	-6.72B	-2.19B	791M	1.67B
Preferred Dividend and Other Adjustments	-	-	19M	-	-
Net Income to Common Incl Extra Items	1.21B	-6.72B	-2.21B	791M	1.67B
Net Income to Common Excl. Extra Items	1.21B	-6.72B	-2.21B	791M	1.92B
Per Share Items
Net EPS - Basic	2.55	-12.51	-2.99	0.66	1.4
Basic EPS - Continuing Operations	2.55	-12.51	-2.99	0.66	1.61
Basic Weighted Average Shares Outstanding	476M	538M	739M	1.2B	1.2B
Net EPS - Diluted	2.55	-12.51	-2.99	0.66	1.4
Diluted EPS - Continuing Operations	2.55	-12.51	-2.99	0.66	1.61
Diluted Weighted Average Shares Outstanding	476M	538M	739M	1.2B	1.2B
Normalized Basic EPS	2.45	-7.82	-1.76	0.61	1.17
Normalized Diluted EPS	2.45	-7.82	-1.76	0.61	1.17
Dividend Per Share	-	-	-	-	0.3
Payout Ratio	31.41	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	3.62B	-3.55B	26M	3.05B	3.94B
EBITA	1.57B	-5.4B	-1.64B	1.33B	2.17B
EBIT	1.46B	-5.53B	-1.75B	1.24B	2.08B
EBITDAR	4.88B	-2.83B	657M	4.15B	5.07B
Effective Tax Rate - (Ratio)	33.06	21.61	15.85	23.43	16.4
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	547M	80M	112M	143M	109M
Total Deferred Taxes	68M	-1.94B	-525M	103M	271M
Normalized Net Income	1.17B	-4.21B	-1.3B	732M	1.4B
Interest Capitalized	24M	19M	28M	42M	95M
Interest on Long-Term Debt	72M	88M	98M	126M	185M
Non-Cash Pension Expense	133M	131M	-7M	102M	90M
Supplemental Operating Expense Items
Advertising Expense	384M	128M	136M	232M	281M
Selling and Marketing Expenses	384M	128M	136M	232M	281M
Research And Development Expense From Footnotes	58M	46M	38M	55M	65M
Net Rental Expense, Total	1.25B	719M	631M	1.1B	1.13B
Imputed Operating Lease Interest Expense	357M	153M	121M	247M	380M
Imputed Operating Lease Depreciation	896M	566M	510M	852M	751M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-1.52M	-1.98M	-297K	-	-
Total Stock-Based Compensation	-1.52M	-1.98M	-297K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.42B	1.81B	2.31B	1.79B	1.59B
Short Term Investments	1.97B	-	1.16B	1.1B	1.41B
Trading Asset Securities, Total	-	3.65B	4.2B	5.42B	5.26B
Total Cash And Short Term Investments	3.38B	5.46B	7.67B	8.3B	8.26B
Accounts Receivable, Total	4.14B	1.72B	2.58B	3.33B	2.62B
Other Receivables	1.61B	1.5B	1.52B	1.21B	1.69B
Total Receivables	5.75B	3.22B	4.1B	4.55B	4.31B
Inventory	980M	726M	675M	812M	961M
Other Current Assets, Total	1.17B	637M	1.03B	1.6B	2.01B
Total Current Assets	11.28B	10.04B	13.48B	15.26B	15.55B
Gross Property Plant And Equipment	42.64B	42.78B	42.72B	43.72B	44.47B
Accumulated Depreciation	-20.21B	-23.28B	-24.44B	-25.4B	-25.92B
Net Property Plant And Equipment	22.43B	19.5B	18.28B	18.32B	18.55B
Long-term Investments	981M	709M	717M	665M	718M
Goodwill	736M	510M	511M	356M	298M
Other Intangibles, Total	1.03B	987M	1B	966M	962M
Loans Receivable Long-Term	345M	273M	319M	255M	323M
Deferred Tax Assets Long-Term	2.27B	4.83B	4.66B	2.93B	3.06B
Deferred Charges Long-Term	116M	91M	74M	88M	79M
Other Long-Term Assets, Total	3.46B	2.54B	3.5B	4.5B	5.78B
Total Assets	42.66B	39.48B	42.54B	43.34B	45.32B
Liabilities
Accounts Payable, Total	3.72B	2.09B	2.88B	4.04B	4.12B
Accrued Expenses, Total	478M	394M	410M	388M	748M
Short-term Borrowings	17M	14M	19M	21M	4M
Current Portion of Long-Term Debt	1.15B	2.66B	1.22B	1.48B	2.47B
Current Portion of Leases	488M	454M	408M	403M	419M
Current Income Taxes Payable	402M	689M	705M	545M	675M
Unearned Revenue Current, Total	6.82B	5.15B	6.03B	7.66B	7.81B
Other Current Liabilities	2.91B	3.21B	3B	3.18B	3.5B
Total Current Liabilities	15.99B	14.66B	14.68B	17.71B	19.75B
Long-Term Debt	6.01B	10.07B	13.08B	11.23B	8.91B
Long-Term Leases	2.38B	2.18B	1.96B	2.04B	2.15B
Unearned Revenue Non Current	45M	58M	51M	44M	54M
Pension & Other Post Retirement Benefits	6.68B	9.56B	6.72B	2.15B	2.94B
Deferred Tax Liability Non Current	611M	485M	529M	517M	505M
Other Non Current Liabilities	688M	1.08B	1.02B	1.17B	1.31B
Total Liabilities	32.4B	38.1B	38.05B	34.86B	35.61B
Common Stock, Total	1.22B	1.53B	3.06B	3.06B	3.06B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	6.83B	-1.86B	-1.7B	2.86B	4.19B
Comprehensive Income and Other	2.09B	1.67B	3.09B	2.49B	2.41B
Total Common Equity	10.15B	1.35B	4.45B	8.4B	9.66B
Minority Interest	109M	40M	40M	69M	50M
Total Equity	10.26B	1.39B	4.49B	8.47B	9.71B
Total Liabilities And Equity	42.66B	39.48B	42.54B	43.34B	45.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	478M	598M	1.2B	1.2B	1.2B
ECS Total Common Shares Outstanding	478M	598M	1.2B	1.2B	1.2B
Book Value / Share	21.22	2.25	3.72	7.03	8.07
Tangible Book Value	8.38B	-150M	2.94B	7.08B	8.4B
Tangible Book Value Per Share	17.53	-0.25	2.46	5.92	7.02
Total Debt	10.05B	15.38B	16.69B	15.17B	13.95B
Net Debt	6.66B	9.92B	9.02B	6.87B	5.68B
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.9B	9.49B	6.42B	1.43B	2.58B
Debt Equivalent Oper. Leases	10.02B	5.75B	5.05B	8.79B	9.05B
Minority Interest, Total (Incl. Fin. Div)	109M	40M	40M	69M	50M
Equity Method Investments, Total	672M	621M	655M	600M	674M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	888M	650M	618M	724M	836M
Inventories - Finished Goods, Total	88M	75M	54M	80M	122M
Inventories - Others	4M	1M	3M	8M	3M
Land - (BS)	2.49B	2.43B	2.39B	2.47B	2.02B
Machinery, Total	34.07B	33.08B	33.15B	33.92B	34.55B
Full Time Employees	98.23K	72.64K	70.84K	76.66K	62.84K
Part Time Employees	40.12K	37.42K	34.45K	32.85K	33.84K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.21B	-6.72B	-2.19B	791M	1.67B
Depreciation & Amortization - CF	2.58B	2.44B	2.13B	2.15B	2.17B
Amortization of Goodwill and Intangible Assets - (CF)	112M	128M	107M	92M	88M
Depreciation & Amortization, Total	2.69B	2.56B	2.24B	2.24B	2.26B
Amortization of Deferred Charges, Total - (CF)	9M	21M	15M	30M	6M
(Gain) Loss From Sale Of Asset	22M	30M	33M	8M	195M
(Gain) Loss on Sale of Investments - (CF)	-2M	-21M	-3M	-38M	-10M
Asset Writedown & Restructuring Costs	42M	1.81B	23M	197M	5M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-168M	264M	-2M	1M	-223M
Provision and Write-off of Bad Debts	-	-	9M	2M	64M
Other Operating Activities, Total	-82M	-1.12B	-592M	-162M	398M
Change in Other Net Operating Assets	309M	851M	1.08B	2.1B	577M
Cash from Operations	4.03B	-2.33B	618M	5.17B	4.94B
Capital Expenditure	-3.72B	-1.25B	-1.32B	-2.51B	-4.05B
Sale of Property, Plant, and Equipment	132M	442M	211M	154M	1.03B
Cash Acquisitions	-	-	-	-	-
Divestitures	3M	-218M	2M	-4M	-14M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-598M	-1.44B	-1.94B	-1.19B	-219M
Other Investing Activities, Total	313M	123M	24M	107M	273M
Cash from Investing	-3.87B	-2.34B	-3.02B	-3.44B	-2.98B
Long-Term Debt Issued, Total	3.84B	6.74B	6.14B	786M	230M
Total Debt Issued	3.84B	6.74B	6.14B	786M	230M
Long-Term Debt Repaid, Total	-3.41B	-1.72B	-5.07B	-2.66B	-1.77B
Total Debt Repaid	-3.41B	-1.72B	-5.07B	-2.66B	-1.77B
Issuance of Common Stock	-	306M	3.31B	-	-
Repurchase of Common Stock	-	-	-1.22B	-	-
Common Dividends Paid	-381M	-	-	-	-
Common & Preferred Stock Dividends Paid	-381M	-	-	-	-
Other Financing Activities, Total	-210M	-244M	-291M	-388M	-535M
Cash from Financing	-161M	5.08B	2.87B	-2.27B	-2.07B
Foreign Exchange Rate Adjustments	-5M	-33M	33M	18M	-8M
Net Change in Cash	-3M	373M	501M	-521M	-116M
Supplemental Items
Cash Interest Paid	178M	223M	272M	379M	509M
Cash Income Tax Paid (Refund)	1.01B	-81M	101M	288M	92M
Levered Free Cash Flow	-929M	-1.81B	-102M	1.91B	-83.88M
Unlevered Free Cash Flow	-757M	-1.61B	121M	2.17B	239M
Change In Net Working Capital	645M	-514M	-276M	-1.63B	-722M
Net Debt Issued / Repaid	430M	5.01B	1.07B	-1.88B	-1.54B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.25	-8.42	-2.66	1.8	2.93
Return on Total Capital	4.98	-18.65	-5.76	3.45	5.5
Return On Equity %	12.56	-116.22	-74.63	12.4	21.31
Return on Common Equity	12.37	-117.02	-76.25	12.31	21.27
Margin Analysis
Gross Profit Margin %	22.57	-8.01	13.41	19.41	20.94
SG&A Margin	1.38	1.65	1.27	0.71	0.79
EBITDA Margin %	9.93	-26.08	0.15	9.31	11.1
EBITA Margin %	4.3	-39.67	-9.74	4.05	6.11
EBIT Margin %	3.99	-40.61