Cash flow Modern Times Group MTG AB

Equities

MTG B

SE0018012494

Software

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-12-04 EST			5-day change	1st Jan Change
113.40 ^SEK	+0.35%		-3.49%	+19.49%

11-27	MTG Board Member Dylan Collins Purchases Shares Worth SEK 0.3 Million	FW
11-24	Singaporean energy firm Sembcorp plans IPO of Indian unit, sources say	RE

e04bdc66a51186.TcmAIeZBBgR1xs0yrHtYzjo3fw3uIPl3jhH783mF-_I.fJ_ZYtUzQ2AAtZJ5-RoHtHQODH3YFrUyo1WonSv3i7MlpbVzkA1cTDeyvg

Published financial data: MODERN TIMES GROUP MTG AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4B	5.31B	5.54B	5.83B	6.02B
Total Revenues	4B	5.31B	5.54B	5.83B	6.02B
Cost of Goods Sold, Total	1.75B	2.72B	1.52B	1.58B	1.55B
Gross Profit	2.25B	2.58B	4.01B	4.25B	4.46B
Selling General & Admin Expenses, Total	2.16B	2.36B	3.49B	3.37B	3.58B
Other Operating Expenses	-13M	-21M	-12M	-37M	-4M
Other Operating Expenses, Total	2.15B	2.34B	3.48B	3.34B	3.57B
Operating Income	98M	244M	533M	915M	888M
Interest Expense, Total	-15M	-162M	-239M	-213M	-3M
Interest And Investment Income	1M	5M	73M	163M	132M
Net Interest Expenses	-14M	-157M	-166M	-50M	129M
Income (Loss) On Equity Invest.	1M	-1M	-	1M	-
Currency Exchange Gains (Loss)	36M	-156M	341M	69M	-84M
Other Non Operating Income (Expenses)	24M	-153M	-7M	-7M	-13M
EBT, Excl. Unusual Items	145M	-223M	701M	928M	920M
Restructuring Charges	2M	-	-	-	-
Merger & Related Restructuring Charges	-36M	-52M	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	2M	12M	20M	-	-738M
Gain (Loss) On Sale Of Assets	-	-	-	1M	-
Asset Writedown	-18M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-14M	-	-224M	-368M	-
EBT, Incl. Unusual Items	81M	-263M	497M	561M	182M
Income Tax Expense	177M	191M	246M	397M	392M
Earnings From Continuing Operations	-96M	-454M	251M	164M	-210M
Earnings Of Discontinued Operations	-	-	6.22B	-	-
Net Income to Company	-96M	-454M	6.47B	164M	-210M
Minority Interest	-132M	54M	105M	-	-
Net Income - (IS)	-228M	-400M	6.58B	164M	-210M
Net Income to Common Incl Extra Items	-228M	-400M	6.58B	164M	-210M
Net Income to Common Excl. Extra Items	-228M	-400M	356M	164M	-210M
Per Share Items
Net EPS - Basic	-3.39	-3.85	56.25	1.33	-1.74
Basic EPS - Continuing Operations	-3.39	-3.85	3.04	1.33	-1.74
Basic Weighted Average Shares Outstanding	67.34M	104M	117M	123M	121M
Net EPS - Diluted	-3.39	-3.85	55.72	1.32	-1.74
Diluted EPS - Continuing Operations	-3.39	-3.85	2.69	1.32	-1.74
Diluted Weighted Average Shares Outstanding	67.34M	104M	117M	124M	121M
Normalized Basic EPS	-0.61	-0.82	4.64	4.71	4.77
Normalized Diluted EPS	-0.61	-0.82	4.63	4.69	4.75
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	306M	605M	1.17B	1.43B	1.43B
EBITA	258M	557M	1.15B	1.4B	1.43B
EBIT	98M	244M	533M	915M	888M
EBITDAR	313M	617M	1.18B	1.44B	1.44B
Effective Tax Rate - (Ratio)	218.52	-72.62	49.5	70.77	215.38
Total Current Taxes	197M	260M	449M	451M	529M
Total Deferred Taxes	-20M	-70M	-202M	-53M	-137M
Normalized Net Income	-41.38M	-85.38M	543M	580M	575M
Interest on Long-Term Debt	3M	2M	1M	1M	2M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.06B	1.13B	2.22B	2.34B	2.3B
General and Administrative Expenses	1.1B	1.23B	1.28B	1.03B	1.28B
Research And Development Expense From Footnotes	51M	119M	317M	249M	268M
Net Rental Expense, Total	7M	12M	5M	7M	7M
Imputed Operating Lease Interest Expense	522K	5.32M	5.4M	15.86M	771K
Imputed Operating Lease Depreciation	6.48M	6.68M	-400K	-8.86M	6.23M
Stock-Based Comp., Other (Total)	132M	98M	99M	33M	24M
Total Stock-Based Compensation	132M	98M	99M	33M	24M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.15B	943M	4.73B	2.96B	3.54B
Total Cash And Short Term Investments	1.15B	943M	4.73B	2.96B	3.54B
Accounts Receivable, Total	465M	754M	436M	568M	553M
Other Receivables	177M	150M	79M	122M	144M
Notes Receivable	-	-	-	-	-
Total Receivables	642M	904M	515M	690M	697M
Inventory	11M	10M	-	-	-
Prepaid Expenses	194M	197M	93M	96M	93M
Other Current Assets, Total	-	-	-	1M	-
Total Current Assets	2B	2.05B	5.34B	3.74B	4.33B
Gross Property Plant And Equipment	338M	384M	159M	276M	261M
Accumulated Depreciation	-105M	-142M	-36M	-65M	-83M
Net Property Plant And Equipment	233M	242M	123M	211M	178M
Long-term Investments	272M	503M	409M	398M	1.29B
Goodwill	6.08B	11.03B	10.28B	10.42B	10.42B
Other Intangibles, Total	1.35B	1.9B	1.26B	1.26B	786M
Deferred Tax Assets Long-Term	219M	243M	134M	133M	72M
Deferred Charges Long-Term	621M	1.39B	1.16B	1.18B	941M
Other Long-Term Assets, Total	24M	68M	67M	156M	51M
Total Assets	10.8B	17.44B	18.77B	17.5B	18.07B
Liabilities
Accounts Payable, Total	253M	483M	211M	316M	386M
Accrued Expenses, Total	686M	820M	363M	349M	412M
Short-term Borrowings	2.94B	743M	707M	534M	-
Current Portion of Long-Term Debt	-	1B	-	-	-
Current Portion of Leases	42M	42M	34M	36M	36M
Current Income Taxes Payable	20M	26M	48M	55M	90M
Other Current Liabilities	254M	467M	1.41B	575M	1.8B
Total Current Liabilities	4.2B	3.58B	2.77B	1.86B	2.73B
Long-Term Debt	-	900M	-	23M	88M
Long-Term Leases	90M	83M	32M	138M	115M
Deferred Tax Liability Non Current	501M	784M	516M	522M	401M
Other Non Current Liabilities	794M	2.16B	1.51B	1.24B	1B
Total Liabilities	5.58B	7.51B	4.84B	3.79B	4.33B
Common Stock, Total	338M	585M	670M	658M	642M
Additional Paid In Capital	1.78B	5.7B	7.11B	7.44B	7.44B
Retained Earnings	1.99B	1.42B	4.9B	4.63B	4.13B
Comprehensive Income and Other	-271M	288M	1.25B	992M	1.53B
Total Common Equity	3.84B	8B	13.93B	13.71B	13.74B
Minority Interest	1.38B	1.92B	-	-	-
Total Equity	5.22B	9.92B	13.93B	13.71B	13.74B
Total Liabilities And Equity	10.8B	17.44B	18.77B	17.5B	18.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	67.34M	110M	124M	122M	118M
ECS Total Common Shares Outstanding	67.34M	110M	124M	122M	118M
Book Value / Share	57.04	72.49	112.62	112.7	116.11
Tangible Book Value	-3.59B	-4.94B	2.39B	2.04B	2.53B
Tangible Book Value Per Share	-53.31	-44.71	19.35	16.76	21.4
Total Debt	3.08B	2.77B	773M	731M	239M
Net Debt	1.92B	1.82B	-3.96B	-2.22B	-3.3B
Debt Equivalent Oper. Leases	56M	96M	40M	56M	56M
Minority Interest, Total (Incl. Fin. Div)	1.38B	1.92B	-	-	-
Equity Method Investments, Total	20M	22M	1M	1M	2M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	11M	10M	-	-	-
Inventories - Others	-	-	-	-	-
Machinery, Total	209M	261M	94M	104M	111M
Full Time Employees	773	1K	916	1.02K	1.05K
Part Time Employees	46	71	62	70	-
Accumulated Allowance for Doubtful Accounts (Supple)	30M	28M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-228M	-400M	6.58B	164M	-210M
Depreciation & Amortization - CF	87M	93M	52M	66M	-
Amortization of Goodwill and Intangible Assets - (CF)	160M	313M	619M	487M	540M
Depreciation & Amortization, Total	247M	406M	671M	553M	540M
Amortization of Deferred Charges, Total - (CF)	36M	119M	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-10M	141M	193M	331M	-
(Income) Loss On Equity Investments - (CF)	3M	2M	-	-1M	-
Net Cash From Discontinued Operations	-	-	8.46B	-	-
Other Operating Activities, Total	193M	65M	-6.4B	235M	747M
Change In Accounts Receivable	188M	-174M	-45M	-201M	34M
Change In Inventories	10M	1M	-	-	-
Change In Accounts Payable	-6M	186M	-151M	115M	-
Change in Other Net Operating Assets	-163M	-40M	25M	62M	229M
Cash from Operations	270M	306M	9.33B	1.26B	1.34B
Capital Expenditure	-208M	-252M	-234M	-212M	-98M
Cash Acquisitions	-2.26B	-3.09B	-379M	-2.03B	-529M
Divestitures	-	-	-	-	-15M
Investment in Marketable and Equity Securities, Total	-	-	-23M	-114M	91M
Other Investing Activities, Total	-	-32M	-	-1M	-
Cash from Investing	-2.47B	-3.37B	-636M	-2.35B	-551M
Short Term Debt Issued, Total	1.8B	-	-	-	-
Long-Term Debt Issued, Total	-	1.9B	100M	-	-
Total Debt Issued	1.8B	1.9B	100M	-	-
Short Term Debt Repaid, Total	-	-1.14B	-	-	-
Long-Term Debt Repaid, Total	-41M	-1.85B	-2.04B	-38M	-38M
Total Debt Repaid	-41M	-2.99B	-2.04B	-38M	-38M
Issuance of Common Stock	-	3.6B	-	-	-
Repurchase of Common Stock	-	-	-3.18B	-499M	-350M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-202M	299M	137M	1M	-
Cash from Financing	1.56B	2.82B	-4.97B	-536M	-388M
Foreign Exchange Rate Adjustments	-27M	41M	74M	-147M	186M
Miscellaneous Cash Flow Adjustments	-	-	-	1M	-
Net Change in Cash	-671M	-210M	3.79B	-1.78B	587M
Supplemental Items
Cash Interest Paid	2M	16M	10M	-	-
Cash Income Tax Paid (Refund)	199M	286M	408M	431M	522M
Levered Free Cash Flow	293M	741M	1.46B	-103M	1.88B
Unlevered Free Cash Flow	302M	842M	1.61B	29.88M	1.88B
Change In Net Working Capital	-34M	-319M	-739M	916M	-858M
Net Debt Issued / Repaid	1.76B	-1.09B	-1.94B	-38M	-38M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.62	1.08	1.84	3.15	3.12
Return on Total Capital	0.82	1.45	2.43	3.92	3.98
Return On Equity %	-1.63	-6	2.1	1.19	-1.53
Return on Common Equity	-5.06	-6.76	3.25	1.19	-1.53
Margin Analysis
Gross Profit Margin %	56.19	48.68	72.49	72.95	74.16
SG&A Margin	54.07	44.48	63.08	57.88	59.47
EBITDA Margin %	7.66	11.4	21.13	24.57	23.74
EBITA Margin %	6.45	10.5	20.81	24.05	23.74
EBIT Margin %	2.45	4.6	9.63	15.7	14.76
Income From Continuing Operations Margin %	-2.4	-8.56	4.53	2.81	-3.49
Net Income Margin %	-5.7	-7.54	118.82	2.81	-3.49
Net Avail. For Common Margin %	-5.7	-7.54	6.43	2.81	-3.49
Normalized Net Income Margin	-1.04	-1.61	9.81	9.95	9.56
Levered Free Cash Flow Margin	7.33	13.97	26.35	-1.77	31.21
Unlevered Free Cash Flow Margin	7.56	15.88	29.04	0.51	31.24
Asset Turnover
Asset Turnover	0.4	0.38	0.31	0.32	0.34
Fixed Assets Turnover	16.05	22.34	30.34	34.9	30.93
Receivables Turnover (Average Receivables)	8.9	8.71	9.31	11.61	10.73
Inventory Turnover (Average Inventory)	109.44	259.33	-	-	-
Short Term Liquidity
Current Ratio	0.48	0.57	1.93	2.01	1.59
Quick Ratio	0.43	0.52	1.89	1.95	1.56
Operating Cash Flow to Current Liabilities	0.06	0.09	3.36	0.67	0.49
Days Sales Outstanding (Average Receivables)	41.11	41.93	39.22	31.43	34.1
Days Outstanding Inventory (Average Inventory)	3.34	1.41	-	-	-
Average Days Payable Outstanding	52.98	49.35	-	60.99	82.67
Cash Conversion Cycle (Average Days)	-8.52	-6.01	-	-	-
Long Term Solvency
Total Debt/Equity	58.97	27.89	5.55	5.33	1.74
Total Debt / Total Capital	37.1	21.81	5.26	5.06	1.71
LT Debt/Equity	1.73	9.91	0.23	1.17	1.48
Long-Term Debt / Total Capital	1.09	7.75	0.22	1.11	1.45
Total Liabilities / Total Assets	51.7	43.09	25.76	21.63	23.98
EBIT / Interest Expense	6.53	1.51	2.23	4.3	296
EBITDA / Interest Expense	23	4.01	5.04	6.89	476
(EBITDA - Capex) / Interest Expense	9.13	2.46	4.06	5.9	443.33
Total Debt / EBITDA	8.92	4.26	0.64	0.5	0.17
Net Debt / EBITDA	5.57	2.81	-3.29	-1.52	-2.31
Total Debt / (EBITDA - Capex)	22.45	6.95	0.8	0.58	0.18
Net Debt / (EBITDA - Capex)	14.04	4.59	-4.08	-1.77	-2.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.78	32.75	40.85	5.27	3.19
Gross Profit, 1 Yr. Growth %	9.4	15	69.8	5.93	4.92
EBITDA, 1 Yr. Growth %	436.84	97.71	18.06	22.5	4.92
EBITA, 1 Yr. Growth %	3.12K	116.73	18.89	21.7	4.92
EBIT, 1 Yr. Growth %	-168.06	148.98	-4.65	71.67	1.6
Earnings From Cont. Operations, 1 Yr. Growth %	-79.04	372.92	-201.62	-34.66	-228.05
Net Income, 1 Yr. Growth %	-101.6	75.44	-1.74K	-97.51	-228.05
Normalized Net Income, 1 Yr. Growth %	-79.17	106.34	181.78	6.79	-16.36
Diluted EPS Before Extra, 1 Yr. Growth %	-58.61	13.83	-244.62	-50.93	-232.02
Accounts Receivable, 1 Yr. Growth %	7.39	62.15	-42.18	30.28	-2.64
Inventory, 1 Yr. Growth %	-47.62	-9.09	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-12.08	3.86	-49.17	71.54	-15.64
Total Assets, 1 Yr. Growth %	20.5	61.44	7.65	-6.76	3.25
Tangible Book Value, 1 Yr. Growth %	-3K	37.43	-148.51	-14.9	24.18
Common Equity, 1 Yr. Growth %	-25.84	108.33	74.13	-1.58	0.16
Cash From Operations, 1 Yr. Growth %	-132.1	13.33	2.95K	-86.51	6.52
Capital Expenditures, 1 Yr. Growth %	-12.61	21.15	-7.14	-9.4	-53.77
Levered Free Cash Flow, 1 Yr. Growth %	-85.21	153.09	73.3	-107.08	298.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-84.8	178.74	70.65	-98.14	297.88
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.01	11.84	17.7	21.77	4.23
Gross Profit, 2 Yr. CAGR %	5.68	12.17	33.69	34.11	5.42
EBITDA, 2 Yr. CAGR %	351.66	225.79	95.54	20.21	10.52
EBITA, 2 Yr. CAGR %	124.92	734.42	111.72	20.29	11.34
EBIT, 2 Yr. CAGR %	-22.46	30.17	133.21	27.94	29.08
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.28	-0.44	61.7	-18.52	-8.53
Net Income, 2 Yr. CAGR %	-53.11	-83.27	437.17	-35.97	-82.13
Normalized Net Income, 2 Yr. CAGR %	-49.25	-34.44	262.31	73.47	2.89
Diluted EPS Before Extra, 2 Yr. CAGR %	3.39	-31.4	-10.86	-15.76	-19.51
Accounts Receivable, 2 Yr. CAGR %	-47.44	31.96	-3.17	-13.21	12.62
Inventory, 2 Yr. CAGR %	-65.23	-30.99	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.1	-4.44	-27.34	-6.62	20.3
Total Assets, 2 Yr. CAGR %	-27.1	39.48	31.83	0.18	-1.89
Tangible Book Value, 2 Yr. CAGR %	15.14	530.86	-18.35	-35.72	2.8
Common Equity, 2 Yr. CAGR %	-17.75	24.3	90.47	30.91	-0.71
Cash From Operations, 2 Yr. CAGR %	-49.19	-39.68	487.75	102.76	-62.1
Capital Expenditures, 2 Yr. CAGR %	-47.86	2.9	6.07	-8.28	-35.28
Levered Free Cash Flow, 2 Yr. CAGR %	-55.19	-38.81	123.18	-64.98	13.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-54.14	-34.9	130.66	-82.2	8.13
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-38.92	11.37	9.29	13.4	15.23
Gross Profit, 3 Yr. CAGR %	-30.2	8.7	25.04	23.71	23.57
EBITDA, 3 Yr. CAGR %	-41.55	242.94	173.8	67.27	12.95
EBITA, 3 Yr. CAGR %	-43.41	121.87	424.15	76.04	13.8
EBIT, 3 Yr. CAGR %	-57.95	14.39	54.69	110.57	16.68
Earnings From Cont. Operations, 3 Yr. CAGR %	-46.07	61.89	-18.17	19.54	-5.27
Net Income, 3 Yr. CAGR %	-43.29	-27.21	-22.79	-10.4	-19.33
Normalized Net Income, 3 Yr. CAGR %	-60.72	-19	39.84	141.12	43.95
Diluted EPS Before Extra, 3 Yr. CAGR %	-23.15	6.72	-31	-26.95	-2.15
Accounts Receivable, 3 Yr. CAGR %	-38.19	-23.48	0.23	6.9	-9.82
Inventory, 3 Yr. CAGR %	-53.72	-52.1	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.03	-3.58	-22.57	-3.25	-9.73
Total Assets, 3 Yr. CAGR %	-17.57	-4.98	27.94	17.46	1.19
Tangible Book Value, 3 Yr. CAGR %	3.85	22.15	168.27	-17.19	-19.94
Common Equity, 3 Yr. CAGR %	-9.48	12.12	39.08	52.84	19.73
Cash From Operations, 3 Yr. CAGR %	-24.53	-33.62	123.01	67.02	63.6
Capital Expenditures, 3 Yr. CAGR %	-14.26	-30.94	-0.56	0.64	-27.01
Levered Free Cash Flow, 3 Yr. CAGR %	-48.63	-20.2	-9.68	-29.36	30.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-48.32	-16.3	-6.82	-53.76	25.86
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-24.43	-18.77	-20.59	8.7	7.23
Gross Profit, 5 Yr. CAGR %	-18.25	-12.67	-9.48	16.15	16.79
EBITDA, 5 Yr. CAGR %	-27.13	-13.19	-5.25	148.87	90.45
EBITA, 5 Yr. CAGR %	-28.5	-13.13	-4.15	94.02	182.05
EBIT, 5 Yr. CAGR %	-40.85	-25.66	-16.56	41.2	43.88
Earnings From Cont. Operations, 5 Yr. CAGR %	-29.02	-9.41	-16.33	8.92	-14.44
Net Income, 5 Yr. CAGR %	1.28	13.43	39.4	-30.85	-57.01
Normalized Net Income, 5 Yr. CAGR %	-44.58	-30.2	-4.47	29.28	23.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.52	-16.69	-18.47	-16.08	-26.62
Accounts Receivable, 5 Yr. CAGR %	-25	-14.77	-26.03	-19.53	5.01
Inventory, 5 Yr. CAGR %	-27.26	-35.12	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-12.41	-1.04	-14.68	-4.81	-7.65
Total Assets, 5 Yr. CAGR %	-8.12	-0.3	-0.54	-2.95	15.05
Tangible Book Value, 5 Yr. CAGR %	9.89	31.84	-5.67	-5.52	82.81
Common Equity, 5 Yr. CAGR %	-3.36	10.72	21.89	19.29	21.54
Cash From Operations, 5 Yr. CAGR %	-14.39	-28.43	71.54	3.76	9.76
Capital Expenditures, 5 Yr. CAGR %	-6.62	-3.93	-6.64	-22.64	-16.26
Levered Free Cash Flow, 5 Yr. CAGR %	-10.47	44.76	-7.56	-41.12	-1.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.04	38.91	-5.99	-53.91	-1.12
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-