Cash flow Magellan Financial Group Limited

Equities

MFG

AU000000MFG4

Investment Management & Fund Operators

Market Closed - Australian S.E. Other stock markets 02:10:12 2024-09-10 EDT			5-day change	1st Jan Change
8.910 ^AUD	+0.56%		-5.61%	-3.99%

02:55am	Magellan Financial Group Repurchases Over 120,000 Shares	MT
09-05	Magellan Financial Group's Total Funds Under Management Dip to AU$37.8 Billion in August	MT

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Published financial data: MAGELLAN FINANCIAL GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	675M	667M	606M	343M	278M
Gain (Loss) on Sale of Investment, Total (Rev)	1.39M	35.86M	-73.58M	39.29M	68.03M
Interest And Invest. Income (Rev)	18.29M	16.89M	18.02M	48.47M	32.17M
Other Revenues, Total	-	-	-	-	-
Total Revenues	695M	720M	550M	431M	379M
Cost of Goods Sold, Total	73.9M	70.51M	88.65M	92.12M	72.77M
Gross Profit	621M	649M	461M	339M	306M
Selling General & Admin Expenses, Total	39.23M	32.5M	36.97M	31.87M	30.98M
Depreciation & Amortization - (IS)	2.42M	7.07M	7.14M	6.04M	3.96M
Amortization of Goodwill and Intangible Assets - (IS)	4.69M	-	-	-	-
Other Operating Expenses	3.05M	3.04M	4.18M	5.26M	3.96M
Other Operating Expenses, Total	49.38M	42.61M	48.29M	43.17M	38.9M
Operating Income	571M	607M	413M	295M	267M
Interest Expense, Total	-732K	-153K	-547K	-450K	-1.04M
Net Interest Expenses	-732K	-153K	-547K	-450K	-1.04M
Income (Loss) On Equity Invest.	-	-41.72M	8.38M	-12.45M	10.3M
Currency Exchange Gains (Loss)	-810K	-4.85M	3.45M	892K	82K
Other Non Operating Income (Expenses)	-426K	-216M	20.91M	-27.63M	61.06M
EBT, Excl. Unusual Items	570M	344M	445M	256M	337M
Restructuring Charges	-	-5.98M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	50.66M	-255K	77K
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-54.43M	-480K	-	-	-
EBT, Incl. Unusual Items	515M	337M	496M	256M	337M
Income Tax Expense	119M	72.09M	113M	72.92M	98.59M
Earnings From Continuing Operations	396M	265M	383M	183M	239M
Net Income to Company	396M	265M	383M	183M	239M
Net Income - (IS)	396M	265M	383M	183M	239M
Net Income to Common Incl Extra Items	396M	265M	383M	183M	239M
Net Income to Common Excl. Extra Items	396M	265M	383M	183M	239M
Per Share Items
Net EPS - Basic	2.18	1.45	2.07	1	1.32
Basic EPS - Continuing Operations	2.18	1.45	2.07	1	1.32
Basic Weighted Average Shares Outstanding	182M	183M	185M	183M	181M
Net EPS - Diluted	2.18	1.45	2.07	1	1.32
Diluted EPS - Continuing Operations	2.18	1.45	2.07	1	1.32
Diluted Weighted Average Shares Outstanding	182M	183M	185M	183M	181M
Normalized Basic EPS	1.96	1.17	1.5	0.88	1.16
Normalized Diluted EPS	1.96	1.17	1.5	0.88	1.16
Dividend Per Share	1.84	2	1.75	0.82	0.58
Payout Ratio	77.1	129.4	94.17	111.63	48.87
Supplemental Items
EBITDA	576M	612M	418M	299M	269M
EBITA	576M	611M	418M	299M	268M
EBIT	571M	607M	413M	295M	267M
EBITDAR	577M	-	-	-	-
Total Revenues (As Reported)	694M	715M	554M	432M	379M
Effective Tax Rate - (Ratio)	23.08	21.38	22.78	28.53	29.23
Total Current Taxes	123M	116M	121M	68.09M	44.76M
Total Deferred Taxes	-6.17M	-42.32M	-8.43M	4.02M	53.6M
Normalized Net Income	356M	215M	278M	160M	211M
Interest on Long-Term Debt	1.16M	2.77M	2.23M	1.5M	1.04M
Supplemental Operating Expense Items
Marketing Expenses	4.93M	1.62M	2.35M	1.96M	1.83M
Selling and Marketing Expenses	4.93M	1.62M	2.35M	1.96M	1.83M
General and Administrative Expenses	12.99M	10.72M	13.05M	13.83M	14.59M
Net Rental Expense, Total	660K	-	-	-	-
Stock-Based Comp., COGS (Total)	593K	888K	-	-	-
Stock-Based Comp., Other (Total)	-	-	1.28M	3.85M	3.33M
Total Stock-Based Compensation	593K	888K	1.28M	3.85M	3.33M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	438M	212M	420M	373M	323M
Total Cash And Short Term Investments	438M	212M	420M	373M	323M
Accounts Receivable, Total	127M	114M	64.3M	53.45M	54.7M
Other Receivables	378K	126K	352K	1.19M	1.07M
Notes Receivable	9.22M	4.27M	1.62M	3.64M	3M
Total Receivables	136M	118M	66.27M	58.27M	58.78M
Prepaid Expenses	775K	1.34M	994K	982K	993K
Other Current Assets, Total	2.4M	2.47M	2.37M	2.96M	2.57M
Total Current Assets	577M	334M	490M	436M	385M
Gross Property Plant And Equipment	18.16M	-	-	-	-
Accumulated Depreciation	-3.91M	-	-	-	-
Net Property Plant And Equipment	14.25M	12.12M	10.15M	7.93M	5.89M
Long-term Investments	396M	690M	542M	570M	565M
Goodwill	105M	103M	105M	106M	106M
Other Intangibles, Total	15.3M	10.22M	6M	2.53M	1.14M
Loans Receivable Long-Term	13.57M	21.19M	31.9M	26.48M	23.1M
Deferred Tax Assets Long-Term	-	41.11M	49.85M	45.84M	-
Other Long-Term Assets, Total	1.96M	5.26M	6.92M	4.06M	3.28M
Total Assets	1.12B	1.22B	1.24B	1.2B	1.09B
Liabilities
Accounts Payable, Total	10.09M	10.33M	13.46M	9.93M	9.49M
Accrued Expenses, Total	25.72M	28.21M	33.42M	37.7M	32.62M
Current Portion of Leases	2.41M	2.28M	2.58M	2.61M	2.78M
Current Income Taxes Payable	20.18M	11.58M	18.48M	12.77M	8.83M
Other Current Liabilities	311K	158M	133M	160M	-
Total Current Liabilities	58.71M	210M	201M	223M	53.72M
Long-Term Leases	14.88M	12.32M	9.97M	7.56M	4.83M
Deferred Tax Liability Non Current	1.25M	-	-	-	7.75M
Other Non Current Liabilities	3.11M	4.47M	3.38M	6.05M	3.41M
Total Liabilities	77.95M	227M	215M	236M	69.72M
Common Stock, Total	525M	608M	672M	632M	628M
Retained Earnings	517M	382M	351M	321M	379M
Comprehensive Income and Other	3.38M	-102K	4.52M	9.66M	12.38M
Total Common Equity	1.05B	989M	1.03B	963M	1.02B
Total Equity	1.05B	989M	1.03B	963M	1.02B
Total Liabilities And Equity	1.12B	1.22B	1.24B	1.2B	1.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	182M	184M	185M	181M	181M
ECS Total Common Shares Outstanding	182M	184M	185M	181M	181M
Book Value / Share	5.74	5.38	5.55	5.31	5.64
Tangible Book Value	925M	876M	915M	854M	912M
Tangible Book Value Per Share	5.08	4.77	4.95	4.71	5.05
Tangible Book Value Per Share (As Reported)	5.08	4.77	4.95	4.71	5.05
Total Debt	17.29M	14.6M	12.55M	10.17M	7.61M
Net Debt	-420M	-197M	-407M	-363M	-315M
Debt Equivalent Oper. Leases	5.28M	-	-	-	-
Equity Method Investments, Total	-	237M	162M	150M	160M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.87M	-	-	-	-
Full Time Employees	131	139	135	115	109

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	396M	265M	383M	183M	239M
Depreciation & Amortization - CF	2.42M	2.52M	2.56M	2.46M	2.55M
Amortization of Goodwill and Intangible Assets - (CF)	4.69M	4.55M	4.58M	3.58M	1.41M
Depreciation & Amortization, Total	7.1M	7.07M	7.14M	6.04M	3.96M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-4.18M	-35.86M	22.93M	-39.04M	-68.1M
Provision for Credit Losses	-	-	375K	-	-
(Income) Loss On Equity Investments - (CF)	-	41.72M	-8.38M	12.45M	-10.3M
Stock-Based Compensation (CF)	-	-	1.28M	3.85M	3.33M
Other Operating Activities, Total	-104K	641K	-2.62M	-18.67M	-696K
Change In Accounts Receivable	-3.81M	13.14M	49.52M	10.18M	-1.26M
Change In Accounts Payable	8.03M	161M	-17.47M	30.44M	-168M
Change In Income Taxes	824K	-8.6M	6.91M	-5.71M	-3.88M
Change In Deferred Taxes	-6.31M	-42.32M	-8.43M	4.36M	53.6M
Change in Other Net Operating Assets	271K	-577K	358K	12K	-11K
Cash from Operations	398M	401M	435M	187M	47.38M
Capital Expenditure	-263K	-272K	-261K	-112K	-458K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-55.62M	-229M	135M	16.6M	81.69M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-7.5M	7.5M	-	-	-
Other Investing Activities, Total	-5K	367K	-	-16K	-
Cash from Investing	-63.39M	-222M	135M	16.47M	81.23M
Long-Term Debt Repaid, Total	-1.94M	-2.63M	-2.39M	-2.5M	-2.62M
Total Debt Repaid	-1.94M	-2.63M	-2.39M	-2.5M	-2.62M
Issuance of Common Stock	272M	749K	26.16M	3.48M	6.99M
Repurchase of Common Stock	-	-	-6.89M	-40.44M	-5.19M
Common Dividends Paid	-305M	-343M	-361M	-204M	-117M
Common & Preferred Stock Dividends Paid	-305M	-343M	-361M	-204M	-117M
Special Dividend Paid	-59.15M	-55.41M	-21.14M	-7.22M	-62.05M
Other Financing Activities, Total	-	-115K	-	-29K	-
Cash from Financing	-94.6M	-401M	-365M	-251M	-180M
Foreign Exchange Rate Adjustments	-716K	-5.16M	3.91M	1.08M	48K
Net Change in Cash	239M	-226M	208M	-46.48M	-50.88M
Supplemental Items
Cash Interest Paid	1.16M	2.68M	2.23M	1.57M	1.14M
Cash Income Tax Paid (Refund)	124M	123M	114M	73.94M	48.74M
Levered Free Cash Flow	358M	556M	310M	223M	3.54M
Unlevered Free Cash Flow	359M	556M	310M	223M	4.19M
Change In Net Working Capital	5.92M	-169M	-43.61M	-28.97M	169M
Net Debt Issued / Repaid	-1.94M	-2.63M	-2.39M	-2.5M	-2.62M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	37.13	32.41	21.01	15.13	14.58
Return on Total Capital	39.75	36.69	25.27	18.36	16.68
Return On Equity %	44.52	26.05	37.99	18.36	24.09
Return on Common Equity	44.52	26.05	37.99	18.36	24.09
Margin Analysis
Gross Profit Margin %	89.36	90.2	83.88	78.61	80.78
SG&A Margin	5.65	4.51	6.72	7.4	8.18
EBITDA Margin %	82.97	84.95	75.99	69.49	70.98
EBITA Margin %	82.93	84.92	75.94	69.42	70.87
EBIT Margin %	82.26	84.29	75.1	68.59	70.5
Income From Continuing Operations Margin %	57.03	36.83	69.63	42.4	63.07
Net Income Margin %	57.03	36.83	69.63	42.4	63.07
Net Avail. For Common Margin %	57.03	36.83	69.63	42.4	63.07
Normalized Net Income Margin	51.23	29.84	50.6	37.12	55.69
Levered Free Cash Flow Margin	51.56	77.18	56.29	51.8	0.94
Unlevered Free Cash Flow Margin	51.63	77.19	56.35	51.86	1.11
Asset Turnover
Asset Turnover	0.72	0.62	0.45	0.35	0.33
Fixed Assets Turnover	93.72	54.6	49.41	47.65	54.81
Receivables Turnover (Average Receivables)	5.4	5.54	6.79	5.83	5.15
Short Term Liquidity
Current Ratio	9.83	1.59	2.43	1.95	7.16
Quick Ratio	9.62	1.55	2.41	1.92	7.04
Operating Cash Flow to Current Liabilities	6.78	1.91	2.16	0.84	0.88
Days Sales Outstanding (Average Receivables)	67.82	65.88	53.73	62.65	71.1
Average Days Payable Outstanding	57.7	52.84	48.96	46.33	48.83
Long Term Solvency
Total Debt/Equity	1.65	1.48	1.22	1.06	0.75
Total Debt / Total Capital	1.63	1.45	1.21	1.05	0.74
LT Debt/Equity	1.42	1.25	0.97	0.79	0.47
Long-Term Debt / Total Capital	1.4	1.23	0.96	0.78	0.47
Total Liabilities / Total Assets	6.94	18.64	17.29	19.72	6.4
EBIT / Interest Expense	780.71	3.97K	755.27	656.59	257.84
EBITDA / Interest Expense	790.42	4.01K	768.33	670	261.67
(EBITDA - Capex) / Interest Expense	790.06	4.01K	767.85	669.75	261.23
Total Debt / EBITDA	0.03	0.02	0.03	0.03	0.03
Net Debt / EBITDA	-0.73	-0.32	-0.97	-1.2	-1.16
Total Debt / (EBITDA - Capex)