Balance Sheet Manchester United plc

Equities

MANU

KYG5784H1065

Leisure & Recreation

Market Closed - Nyse Other stock markets 16:00:02 2024-09-18 EDT			5-day change	1st Jan Change
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09-13	Manchester United plc : Forty-yard free kick
09-11	Equity Markets Rise After Consumer Inflation Report	MT

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Published financial data: MANCHESTER UNITED PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	509M	494M	583M	648M	662M
Total Revenues	509M	494M	583M	648M	662M
Cost of Goods Sold, Total	59.14M	39.04M	69.27M	101M	93.74M
Gross Profit	450M	455M	514M	547M	568M
Selling General & Admin Expenses, Total	285M	321M	384M	363M	393M
Depreciation & Amortization - (IS)	14.76M	14.96M	14.31M	13.85M	16.53M
Amortization of Goodwill and Intangible Assets - (IS)	127M	124M	151M	173M	190M
Other Operating Expenses	33.66M	37.91M	48.27M	26.1M	25.02M
Other Operating Expenses, Total	460M	499M	599M	576M	625M
Operating Income	-10.19M	-43.43M	-84.58M	-28.62M	-56.96M
Interest Expense, Total	-21.23M	-19.95M	-23.84M	-34.99M	-38.78M
Interest And Investment Income	1.35M	3K	145K	728K	1.71M
Net Interest Expenses	-19.88M	-19.95M	-23.7M	-34.26M	-37.06M
Currency Exchange Gains (Loss)	-3.72M	31.63M	-35.26M	17.78M	-11.54M
Other Non Operating Income (Expenses)	-1.63M	342K	-3.33M	-7.91M	-14.81M
EBT, Excl. Unusual Items	-35.42M	-31.41M	-147M	-53M	-120M
Gain (Loss) On Sale Of Assets	18.38M	7.38M	21.94M	20.42M	37.42M
Asset Writedown	-3.79M	-	-	-	-
Other Unusual Items	-	-	-24.69M	-	-47.78M
EBT, Incl. Unusual Items	-20.82M	-24.03M	-150M	-32.57M	-131M
Income Tax Expense	2.42M	68.19M	-34.11M	-3.9M	-17.56M
Earnings From Continuing Operations	-23.23M	-92.22M	-116M	-28.68M	-113M
Net Income to Company	-23.23M	-92.22M	-116M	-28.68M	-113M
Net Income - (IS)	-23.23M	-92.22M	-116M	-28.68M	-113M
Net Income to Common Incl Extra Items	-23.23M	-92.22M	-116M	-28.68M	-113M
Net Income to Common Excl. Extra Items	-23.23M	-92.22M	-116M	-28.68M	-113M
Per Share Items
Net EPS - Basic	-0.14	-0.57	-0.71	-0.18	-0.68
Basic EPS - Continuing Operations	-0.14	-0.57	-0.71	-0.18	-0.68
Basic Weighted Average Shares Outstanding	164M	163M	163M	163M	165M
Net EPS - Diluted	-0.14	-0.57	-0.71	-0.18	-0.68
Diluted EPS - Continuing Operations	-0.14	-0.57	-0.71	-0.18	-0.68
Diluted Weighted Average Shares Outstanding	164M	163M	163M	163M	165M
Normalized Basic EPS	-0.13	-0.12	-0.56	-0.2	-0.45
Normalized Diluted EPS	-0.13	-0.12	-0.56	-0.2	-0.45
Dividend Per Share	0.15	0.13	0.15	-	-
Payout Ratio	-99.98	-11.62	-29.05	-	-
Supplemental Items
EBITDA	130M	94.23M	79.45M	156M	148M
EBITA	117M	80.96M	66.88M	144M	133M
EBIT	-10.19M	-43.43M	-84.58M	-28.62M	-56.96M
EBITDAR	130M	94.74M	80.07M	157M	149M
Effective Tax Rate - (Ratio)	-11.6	-283.8	22.8	11.96	13.44
Total Current Taxes	989K	4.17M	-4.68M	905K	1.99M
Deferred Domestic Taxes	951K	2.26M	-29.43M	-4.8M	-19.56M
Deferred Foreign Taxes	475K	61.76M	-	-	-
Total Deferred Taxes	1.43M	64.02M	-29.43M	-4.8M	-19.56M
Normalized Net Income	-22.13M	-19.63M	-91.79M	-33.12M	-75.23M
Interest on Long-Term Debt	20.2M	18M	20.78M	31.62M	37.53M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	1.12M	830K	727K	18.96M	16.59M
Net Rental Expense, Total	590K	514K	621K	379K	258K
Imputed Operating Lease Interest Expense	190K	152K	201K	168K	136K
Imputed Operating Lease Depreciation	400K	362K	420K	211K	122K
Stock-Based Comp., COGS (Total)	818K	2.7M	1.03M	3.39M	1.97M
Total Stock-Based Compensation	818K	2.7M	1.03M	3.39M	1.97M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	51.54M	111M	121M	76.02M	73.55M
Trading Asset Securities, Total	-	-	-	4.17M	-
Total Cash And Short Term Investments	51.54M	111M	121M	80.19M	73.55M
Accounts Receivable, Total	162M	90.91M	85.45M	74.5M	76.78M
Other Receivables	1.45M	1.57M	6.16M	15.24M	2.74M
Total Receivables	163M	92.48M	91.61M	89.74M	79.51M
Inventory	2.19M	2.08M	2.2M	3.16M	3.54M
Prepaid Expenses	6.5M	7.41M	15.53M	16.49M	18.76M
Other Current Assets, Total	1.17M	318K	6.6M	4.14M	1.92M
Total Current Assets	225M	213M	237M	194M	177M
Gross Property Plant And Equipment	395M	395M	400M	419M	423M
Accumulated Depreciation	-136M	-144M	-154M	-157M	-159M
Net Property Plant And Equipment	259M	251M	247M	262M	264M
Long-term Investments	-	-	2.46M	-	-
Goodwill	421M	421M	421M	421M	421M
Other Intangibles, Total	6.84M	5.03M	5.61M	6.04M	7.53M
Accounts Receivable Long-Term	43.69M	20.4M	29.76M	22.3M	27.93M
Deferred Tax Assets Long-Term	58.36M	-	-	-	17.61M
Deferred Charges Long-Term	347M	328M	316M	385M	409M
Other Long-Term Assets, Total	22.44M	21.05M	34.28M	27.48M	20.09M
Total Assets	1.38B	1.26B	1.29B	1.32B	1.34B
Liabilities
Accounts Payable, Total	106M	76.62M	91.56M	142M	165M
Accrued Expenses, Total	103M	94.48M	111M	82.87M	73.9M
Short-term Borrowings	-	60M	100M	100M	30M
Current Portion of Long-Term Debt	5.6M	5.19M	5.76M	5.96M	5.57M
Current Portion of Leases	1.07M	1.26M	1.56M	1.04M	934K
Current Income Taxes Payable	4M	6.04M	-	-	427K
Unearned Revenue Current, Total	172M	118M	166M	170M	199M
Other Current Liabilities	7.27M	22.46M	19.03M	25.32M	20.07M
Total Current Liabilities	398M	384M	495M	527M	495M
Long-Term Debt	529M	470M	530M	507M	511M
Long-Term Leases	3.33M	3.08M	2.87M	7.84M	7.71M
Unearned Revenue Non Current	18.76M	22.94M	16.7M	6.66M	5.35M
Deferred Tax Liability Non Current	31.34M	35.55M	7.4M	3.3M	-
Other Non Current Liabilities	51.32M	72.02M	114M	162M	181M
Total Liabilities	1.03B	988M	1.17B	1.21B	1.2B
Common Stock, Total	53K	53K	53K	53K	55K
Additional Paid In Capital	68.82M	68.82M	68.82M	68.82M	227M
Retained Earnings	87.2M	-13.65M	-170M	-197M	-309M
Treasury Stock	-21.3M	-21.3M	-21.3M	-21.3M	-21.3M
Comprehensive Income and Other	216M	239M	250M	253M	248M
Total Common Equity	351M	273M	128M	104M	145M
Total Equity	351M	273M	128M	104M	145M
Total Liabilities And Equity	1.38B	1.26B	1.29B	1.32B	1.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	163M	163M	163M	163M	169M
ECS Total Common Shares Outstanding	163M	163M	163M	163M	169M
Book Value / Share	2.16	1.67	0.78	0.64	0.86
Tangible Book Value	-77.07M	-154M	-300M	-324M	-284M
Tangible Book Value Per Share	-0.47	-0.94	-1.84	-1.98	-1.68
Total Debt	539M	540M	641M	622M	555M
Net Debt	488M	429M	519M	542M	482M
Debt Equivalent Oper. Leases	4.72M	4.11M	4.97M	3.03M	2.06M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	2.19M	2.08M	2.2M	3.16M	3.54M
Machinery, Total	118M	112M	115M	123M	125M
Full Time Employees	992	983	1.04K	1.11K	1.14K

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	-23.23M	-92.22M	-116M	-28.68M	-113M
Depreciation & Amortization - CF	14.76M	14.96M	14.31M	13.85M	16.53M
Amortization of Goodwill and Intangible Assets - (CF)	127M	124M	151M	173M	190M
Depreciation & Amortization, Total	142M	139M	166M	187M	207M
Amortization of Deferred Charges, Total - (CF)	579K	626K	713K	745K	1.55M
(Gain) Loss From Sale Of Asset	-18.38M	-7.38M	-21.94M	-20.42M	-37.42M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	3.79M	-	-	-	-
Stock-Based Compensation (CF)	818K	2.08M	198K	1.75M	875K
Other Operating Activities, Total	17.85M	33.08M	1.46M	-13.08M	12.51M
Change In Accounts Receivable	-89.63M	77.12M	3.78M	17.34M	5.91M
Change In Inventories	-56K	106K	-120K	-965K	-378K
Change In Accounts Payable	-11.37M	5.42M	22.48M	-31.14M	-18.9M
Change in Unearned Revenues	-33.17M	-49.41M	41.62M	-6.26M	27.69M
Change in Other Net Operating Assets	7.48M	4.3M	-2.09M	-10.06M	349K
Cash from Operations	-3.82M	113M	96.37M	95.77M	85.67M
Capital Expenditure	-21.29M	-6.24M	-8.32M	-15.61M	-17.51M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-192M	-92.19M	-85.11M	-125M	-154M
Other Investing Activities, Total	-	-939K	-	-	-
Cash from Investing	-213M	-99.37M	-93.43M	-140M	-171M
Long-Term Debt Issued, Total	-	60M	40M	100M	160M
Total Debt Issued	-	60M	40M	100M	160M
Long-Term Debt Repaid, Total	-1.86M	-1.64M	-1.41M	-102M	-231M
Total Debt Repaid	-1.86M	-1.64M	-1.41M	-102M	-231M
Issuance of Common Stock	-	-	-	-	159M
Repurchase of Common Stock	-21.3M	-	-	-	-
Common Dividends Paid	-23.23M	-10.72M	-33.55M	-	-
Common & Preferred Stock Dividends Paid	-23.23M	-10.72M	-33.55M	-	-
Other Financing Activities, Total	-	-	-	-	-1.34M
Cash from Financing	-46.4M	47.64M	5.04M	-1.95M	86.23M
Foreign Exchange Rate Adjustments	6.97M	-2.23M	2.58M	1.14M	-3.17M
Net Change in Cash	-256M	59.12M	10.56M	-45.2M	-2.47M
Supplemental Items
Cash Interest Paid	19.9M	20.54M	20.64M	31.95M	37.22M
Cash Income Tax Paid (Refund)	2.18M	4.16M	4.84M	1.63M	-3.75M
Levered Free Cash Flow	-214M	1.53M	62.61M	45.5M	27.55M
Unlevered Free Cash Flow	-201M	13.37M	76.79M	66.62M	50.24M
Change In Net Working Capital	124M	3.1M	-56.28M	-34.75M	-48.42M
Net Debt Issued / Repaid	-1.86M	58.36M	38.59M	-1.95M	-70.98M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.44	-2.05	-4.14	-1.37	-2.67
Return on Total Capital	-0.7	-3.19	-6.69	-2.39	-4.99
Return On Equity %	-6.06	-29.57	-57.75	-24.78	-90.95
Return on Common Equity	-6.06	-29.57	-57.75	-24.78	-90.95
Margin Analysis
Gross Profit Margin %	88.38	92.1	88.12	84.39	85.83
SG&A Margin	55.97	65.01	65.92	56.01	59.43
EBITDA Margin %	25.47	19.07	13.62	24.09	22.43
EBITA Margin %	22.9	16.39	11.47	22.22	20.12
EBIT Margin %	-2	-8.79	-14.5	-4.41	-8.61
Income From Continuing Operations Margin %	-4.56	-18.66	-19.81	-4.42	-17.1
Net Income Margin %	-4.56	-18.66	-19.81	-4.42	-17.1
Net Avail. For Common Margin %	-4.56	-18.66	-19.81	-4.42	-17.1
Normalized Net Income Margin	-4.35	-3.97	-15.74	-5.11	-11.37
Levered Free Cash Flow Margin	-42.02	0.31	10.73	7.02	4.16
Unlevered Free Cash Flow Margin	-39.52	2.71	13.17	10.27	7.59
Asset Turnover
Asset Turnover	0.35	0.37	0.46	0.5	0.5
Fixed Assets Turnover	2.02	1.94	2.34	2.55	2.51
Receivables Turnover (Average Receivables)	4.52	3.91	6.61	8.11	8.75
Inventory Turnover (Average Inventory)	27.4	18.3	32.37	37.74	27.95
Short Term Liquidity
Current Ratio	0.56	0.55	0.48	0.37	0.36
Quick Ratio	0.54	0.53	0.43	0.32	0.31
Operating Cash Flow to Current Liabilities	-0.01	0.29	0.19	0.18	0.17
Days Sales Outstanding (Average Receivables)	81.01	93.39	55.19	45.02	41.83
Days Outstanding Inventory (Average Inventory)	13.36	19.94	11.28	9.67	13.1
Average Days Payable Outstanding	695.97	855.69	442.33	417.21	597.93
Cash Conversion Cycle (Average Days)	-601.6	-742.35	-375.86	-362.52	-543
Long Term Solvency
Total Debt/Equity	153.5	198.05	502.36	598.53	383.23
Total Debt / Total Capital	60.55	66.45	83.4	85.68	79.31
LT Debt/Equity	151.6	173.66	418.2	495.6	358.03
Long-Term Debt / Total Capital	59.8	58.27	69.43	70.95	74.09
Total Liabilities / Total Assets