Cash flow Pernod Ricard

Equities

RI

FR0000120693

Distillers & Wineries

Market Closed - Euronext Paris Other stock markets 11:55:00 2025-12-16 EST			5-day change	1st Jan Change
76.90 ^EUR	+0.81%		+4.34%	-29.45%

12-16	Pernod Ricard, Trinchero in definitive agreement for sale of Mumm Napa sparkling wines	RE
12-14	India, France seal treaty revamp giving Paris dividend relief, Delhi tax rights	RE

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Published financial data: PERNOD RICARD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	8.82B	10.7B	12.14B	11.6B	10.96B
Total Revenues	8.82B	10.7B	12.14B	11.6B	10.96B
Cost of Goods Sold, Total	3.53B	4.23B	4.89B	4.62B	4.44B
Gross Profit	5.29B	6.47B	7.25B	6.98B	6.52B
Selling General & Admin Expenses, Total	2.89B	3.46B	3.91B	3.88B	3.58B
Other Operating Expenses, Total	2.89B	3.46B	3.91B	3.88B	3.58B
Operating Income	2.41B	3.01B	3.34B	3.1B	2.94B
Interest Expense, Total	-274M	-228M	-279M	-458M	-515M
Interest And Investment Income	36M	48M	7M	68M	92M
Net Interest Expenses	-238M	-180M	-272M	-390M	-423M
Income (Loss) On Equity Invest.	-4M	5M	-4M	-7M	-3M
Currency Exchange Gains (Loss)	-37M	-20M	-30M	-17M	-31M
Other Non Operating Income (Expenses)	-8M	-25M	-9M	-11M	-19M
EBT, Excl. Unusual Items	2.12B	2.79B	3.02B	2.68B	2.46B
Restructuring Charges	-64M	-23M	-163M	-142M	-136M
Merger & Related Restructuring Charges	-50M	-13M	51M	-26M	-89M
Gain (Loss) On Sale Of Assets	16M	5M	74M	292M	93M
Asset Writedown	-78M	-10M	-35M	-499M	-42M
Legal Settlements	-	-	-	-	-
Other Unusual Items	42M	-45M	-15M	-20M	-41M
EBT, Incl. Unusual Items	1.98B	2.71B	2.93B	2.28B	2.25B
Income Tax Expense	667M	676M	651M	766M	574M
Earnings From Continuing Operations	1.32B	2.03B	2.28B	1.51B	1.67B
Net Income to Company	1.32B	2.03B	2.28B	1.51B	1.67B
Minority Interest	-13M	-35M	-21M	-38M	-48M
Net Income - (IS)	1.3B	2B	2.26B	1.48B	1.63B
Net Income to Common Incl Extra Items	1.3B	2B	2.26B	1.48B	1.63B
Net Income to Common Excl. Extra Items	1.3B	2B	2.26B	1.48B	1.63B
Per Share Items
Net EPS - Basic	5	7.71	8.83	5.84	6.46
Basic EPS - Continuing Operations	5	7.71	8.83	5.84	6.46
Basic Weighted Average Shares Outstanding	261M	259M	256M	253M	252M
Net EPS - Diluted	4.99	7.69	8.81	5.83	6.45
Diluted EPS - Continuing Operations	4.99	7.69	8.81	5.83	6.45
Diluted Weighted Average Shares Outstanding	262M	260M	257M	253M	252M
Normalized Basic EPS	5.03	6.6	7.29	6.47	5.93
Normalized Diluted EPS	5.01	6.59	7.27	6.45	5.92
Dividend Per Share	3.12	4.12	4.7	4.7	4.7
Payout Ratio	53.95	41.38	47.39	81.84	73.86
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	2.59B	3.14B	3.46B	3.43B	3.25B
EBITA	2.41B	3.01B	3.34B	3.1B	2.94B
EBIT	2.41B	3.01B	3.34B	3.1B	2.94B
Effective Tax Rate - (Ratio)	33.6	24.97	22.19	33.6	25.53
Total Current Taxes	425M	580M	624M	498M	458M
Total Deferred Taxes	242M	97M	27M	268M	116M
Normalized Net Income	1.31B	1.71B	1.87B	1.63B	1.49B
Interest on Long-Term Debt	13M	12M	12M	276M	332M
Non-Cash Pension Expense	12M	7M	6M	0	17M
Supplemental Operating Expense Items
Advertising Expense	1.39B	1.7B	1.94B	1.87B	1.68B
Selling and Marketing Expenses	1.39B	1.7B	1.94B	1.87B	1.68B
Stock-Based Comp., Other (Total)	28M	40M	44M	45M	26M
Total Stock-Based Compensation	28M	40M	44M	45M	26M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.08B	2.53B	1.61B	2.68B	1.83B
Total Cash And Short Term Investments	2.08B	2.53B	1.61B	2.68B	1.83B
Accounts Receivable, Total	1.13B	1.39B	1.81B	1.58B	1.48B
Other Receivables	427M	446M	302M	369M	364M
Total Receivables	1.55B	1.83B	2.12B	1.95B	1.85B
Inventory	6.56B	7.37B	8.1B	8.26B	8.42B
Prepaid Expenses	88M	83M	122M	113M	125M
Other Current Assets, Total	58M	98M	58M	459M	138M
Total Current Assets	10.33B	11.91B	12.01B	13.46B	12.36B
Gross Property Plant And Equipment	5.65B	6.36B	6.83B	6.84B	7.16B
Accumulated Depreciation	-2.48B	-2.78B	-2.94B	-2.87B	-2.97B
Net Property Plant And Equipment	3.17B	3.58B	3.89B	3.97B	4.2B
Long-term Investments	331M	595M	476M	564M	626M
Goodwill	5.5B	6.14B	6.75B	6.81B	6.41B
Other Intangibles, Total	10.72B	11.51B	12.25B	12.23B	11.52B
Loans Receivable Long-Term	105M	170M	186M	193M	202M
Deferred Tax Assets Long-Term	1.62B	1.84B	1.87B	1.71B	1.52B
Other Long-Term Assets, Total	356M	253M	246M	246M	259M
Total Assets	32.15B	36.01B	37.68B	39.18B	37.08B
Liabilities
Accounts Payable, Total	2.34B	3.02B	3.46B	2.93B	2.71B
Accrued Expenses, Total	718M	785M	835M	857M	821M
Short-term Borrowings	7M	180M	801M	196M	379M
Current Portion of Long-Term Debt	185M	1.07B	735M	1.94B	1.34B
Current Portion of Leases	103M	107M	99M	96M	91M
Current Income Taxes Payable	282M	263M	113M	149M	203M
Other Current Liabilities	585M	685M	891M	1.07B	901M
Total Current Liabilities	4.22B	6.11B	6.94B	7.24B	6.45B
Long-Term Debt	8.9B	9.44B	9.86B	11.05B	10.44B
Long-Term Leases	405M	400M	384M	352M	344M
Pension & Other Post Retirement Benefits	477M	361M	349M	277M	265M
Deferred Tax Liability Non Current	2.82B	3.14B	3.13B	3.15B	3.06B
Other Non Current Liabilities	253M	317M	294M	314M	297M
Total Liabilities	17.07B	19.76B	20.96B	22.39B	20.85B
Common Stock, Total	406M	400M	396M	393M	391M
Additional Paid In Capital	3.05B	3.05B	3.05B	3.05B	3.05B
Retained Earnings	1.3B	2B	2.26B	1.48B	1.63B
Treasury Stock	-140M	-152M	-462M	-319M	-111M
Comprehensive Income and Other	10.21B	10.65B	10.47B	11.15B	10.25B
Total Common Equity	14.83B	15.94B	15.72B	15.75B	15.21B
Minority Interest	246M	309M	998M	1.05B	1.01B
Total Equity	15.08B	16.25B	16.72B	16.8B	16.23B
Total Liabilities And Equity	32.15B	36.01B	37.68B	39.18B	37.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	261M	257M	253M	251M	252M
ECS Total Common Shares Outstanding	261M	257M	253M	251M	252M
Book Value / Share	56.84	62.05	62.06	62.67	60.45
Tangible Book Value	-1.4B	-1.71B	-3.28B	-3.29B	-2.71B
Tangible Book Value Per Share	-5.37	-6.67	-12.96	-13.1	-10.76
Total Debt	9.6B	11.19B	11.88B	13.63B	12.59B
Net Debt	7.52B	8.66B	10.28B	10.95B	10.76B
Debt Equivalent of Unfunded Proj. Benefit Obligation	11M	-68M	-40M	-110M	-3.46B
Minority Interest, Total (Incl. Fin. Div)	246M	309M	998M	1.05B	1.01B
Equity Method Investments, Total	36M	243M	37M	58M	68M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	177M	228M	303M	274M	227M
Inventories - Work In Process, Total	5.49B	5.85B	6.44B	6.78B	7.27B
Inventories - Finished Goods, Total	977M	1.37B	1.43B	1.3B	1.03B
Land - (BS)	352M	441M	464M	362M	394M
Buildings, Total	1.4B	1.54B	1.64B	1.66B	1.76B
Machinery, Total	2.23B	2.46B	2.53B	2.43B	2.47B
Full Time Employees	18.31K	19.48K	20.62K	19.56K	18.22K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	104M	127M	106M	91M	93M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	1.3B	2B	2.26B	1.48B	1.63B
Depreciation & Amortization - CF	367M	381M	417M	441M	422M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	367M	381M	417M	441M	422M
Minority Interest in Earnings - (CF)	13M	35M	21M	38M	48M
(Gain) Loss From Sale Of Asset	-16M	-5M	-74M	-292M	-93M
Asset Writedown & Restructuring Costs	74M	6M	-28M	490M	48M
(Income) Loss On Equity Investments - (CF)	4M	-5M	4M	9M	4M
Stock-Based Compensation (CF)	28M	40M	44M	45M	25M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	278M	98M	-45M	288M	178M
Change In Accounts Receivable	-231M	-185M	-499M	203M	-65M
Change In Inventories	-305M	-632M	-748M	-503M	-349M
Change In Accounts Payable	500M	550M	611M	-524M	-76M
Change in Other Net Operating Assets	-18M	15M	68M	56M	20M
Cash from Operations	2B	2.29B	2.03B	1.73B	1.79B
Capital Expenditure	-433M	-506M	-702M	-773M	-667M
Sale of Property, Plant, and Equipment	63M	25M	100M	8M	12M
Investment in Marketable and Equity Securities, Total	-116M	-723M	-1.13B	89M	134M
Other Investing Activities, Total	-	1M	-	-	-
Cash from Investing	-486M	-1.2B	-1.73B	-676M	-521M
Long-Term Debt Issued, Total	1.79B	1.56B	1.7B	2.82B	978M
Total Debt Issued	1.79B	1.56B	1.7B	2.82B	978M
Long-Term Debt Repaid, Total	-2.48B	-608M	-961M	-1.48B	-2.16B
Total Debt Repaid	-2.48B	-608M	-961M	-1.48B	-2.16B
Repurchase of Common Stock	-20M	-813M	-786M	-334M	-11M
Common Dividends Paid	-704M	-826M	-1.07B	-1.21B	-1.2B
Common & Preferred Stock Dividends Paid	-704M	-826M	-1.07B	-1.21B	-1.2B
Other Financing Activities, Total	-	-	-	-	3M
Cash from Financing	-1.41B	-683M	-1.12B	-209M	-2.4B
Foreign Exchange Rate Adjustments	43M	42M	-103M	232M	275M
Miscellaneous Cash Flow Adjustments	-1M	-1M	-	-	-
Net Change in Cash	143M	449M	-918M	1.07B	-854M
Supplemental Items
Cash Interest Paid	350M	275M	292M	355M	443M
Cash Income Tax Paid (Refund)	371M	619M	654M	547M	417M
Levered Free Cash Flow	1.21B	1.35B	1.2B	697M	1.17B
Unlevered Free Cash Flow	1.38B	1.5B	1.38B	984M	1.49B
Change In Net Working Capital	83M	301M	468M	667M	126M
Net Debt Issued / Repaid	-688M	956M	741M	1.33B	-1.19B

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.72	5.53	5.66	5.04	4.82
Return on Total Capital	6.1	7.23	7.44	6.56	6.2
Return On Equity %	9	12.97	13.85	9.04	10.14
Return on Common Equity	9.06	12.97	14.29	9.38	10.5
Margin Analysis
Gross Profit Margin %	59.98	60.49	59.7	60.14	59.46
SG&A Margin	32.72	32.33	32.21	33.41	32.64
EBITDA Margin %	29.32	29.3	28.54	29.55	29.67
EBITA Margin %	27.27	28.16	27.49	26.73	26.82
EBIT Margin %	27.27	28.16	27.49	26.73	26.82
Income From Continuing Operations Margin %	14.94	18.98	18.81	13.05	15.28
Net Income Margin %	14.79	18.65	18.64	12.73	14.84
Net Avail. For Common Margin %	14.79	18.65	18.64	12.73	14.84
Normalized Net Income Margin	14.86	15.99	15.39	14.09	13.61
Levered Free Cash Flow Margin	13.73	12.66	9.91	6.01	10.68
Unlevered Free Cash Flow Margin	15.67	13.99	11.34	8.48	13.61
Asset Turnover
Asset Turnover	0.28	0.31	0.33	0.3	0.29
Fixed Assets Turnover	2.83	3.17	3.25	2.95	2.68
Receivables Turnover (Average Receivables)	8.69	8.51	7.58	6.83	7.15
Inventory Turnover (Average Inventory)	0.56	0.61	0.63	0.57	0.53
Short Term Liquidity
Current Ratio	2.45	1.95	1.73	1.86	1.92
Quick Ratio	0.86	0.71	0.54	0.64	0.57
Operating Cash Flow to Current Liabilities	0.47	0.38	0.29	0.24	0.28
Days Sales Outstanding (Average Receivables)	42.03	42.87	48.15	53.57	51.04
Days Outstanding Inventory (Average Inventory)	657.54	601.02	577.35	647.57	684.86
Average Days Payable Outstanding	196.24	193.87	210.2	244.98	223.51
Cash Conversion Cycle (Average Days)	503.33	450.03	415.3	456.15	512.39
Long Term Solvency
Total Debt/Equity	63.65	68.85	71.1	81.17	77.61
Total Debt / Total Capital	38.89	40.78	41.55	44.8	43.7
LT Debt/Equity	61.69	60.51	61.32	67.88	66.43
Long-Term Debt / Total Capital	37.7	35.84	35.84	37.47	37.4
Total Liabilities / Total Assets	53.11	54.87	55.63	57.13	56.24
EBIT / Interest Expense	8.78	13.21	11.96	6.77	5.71
EBITDA / Interest Expense	10.12	14.89	13.46	7.73	6.53
(EBITDA - Capex) / Interest Expense	8.54	12.67	10.94	6.04	5.23
Total Debt / EBITDA	3.46	3.3	3.17	3.85	3.75
Net Debt / EBITDA	2.71	2.55	2.74	3.09	3.2
Total Debt / (EBITDA - Capex)	4.1	3.87	3.89	4.93	4.67
Net Debt / (EBITDA - Capex)	3.21	3	3.37	3.96	4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.45	21.27	13.42	-4.44	-5.51
Gross Profit, 1 Yr. Growth %	4.05	22.29	11.94	-3.74	-6.58
EBITDA, 1 Yr. Growth %	3.81	21.18	10.49	-8.71	-8.14
EBITA, 1 Yr. Growth %	6.41	25.23	10.75	-7.1	-5.16
EBIT, 1 Yr. Growth %	6.41	25.23	10.75	-7.1	-5.16
Earnings From Cont. Operations, 1 Yr. Growth %	273.37	54.1	12.41	-33.68	10.57
Net Income, 1 Yr. Growth %	296.66	52.95	13.33	-34.75	10.16
Normalized Net Income, 1 Yr. Growth %	12.78	35.08	9.19	-12.52	-8.69
Diluted EPS Before Extra, 1 Yr. Growth %	298.77	54.11	14.56	-33.83	10.63
Accounts Receivable, 1 Yr. Growth %	24.28	23.27	30.69	-12.84	-6.14
Inventory, 1 Yr. Growth %	6.29	12.42	9.97	1.86	1.97
Net Property, Plant and Equip., 1 Yr. Growth %	3.22	13	8.57	2.06	5.72
Total Assets, 1 Yr. Growth %	1.97	12.02	4.62	4.01	-5.37
Tangible Book Value, 1 Yr. Growth %	-46.28	22.27	91.65	0.24	-17.68
Common Equity, 1 Yr. Growth %	6.16	7.52	-1.42	0.2	-3.41
Cash From Operations, 1 Yr. Growth %	69.26	14.76	-11.38	-15.05	3.53
Capital Expenditures, 1 Yr. Growth %	18.63	16.86	38.74	10.11	-13.71
Levered Free Cash Flow, 1 Yr. Growth %	73.1	11.72	-10.42	-42	67.95
Unlevered Free Cash Flow, 1 Yr. Growth %	50.12	8.19	-8.05	-28.56	51.79
Dividend Per Share, 1 Yr. Growth %	17.29	32.05	14.08	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.97	12.55	17.28	4.11	-4.98
Gross Profit, 2 Yr. CAGR %	-3.2	12.8	17	3.81	-5.17
EBITDA, 2 Yr. CAGR %	-3.91	12.16	15.72	4.55	-6.93
EBITA, 2 Yr. CAGR %	-3.36	15.44	17.77	1.43	-6.15
EBIT, 2 Yr. CAGR %	-3.36	15.44	17.77	1.43	-6.15
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.7	139.87	31.61	-13.66	-14.37
Net Income, 2 Yr. CAGR %	-5.29	146.31	31.66	-14.01	-15.22
Normalized Net Income, 2 Yr. CAGR %	-2.93	21.29	21.44	-2.27	-10.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.58	147.9	32.87	-12.93	-14.44
Accounts Receivable, 2 Yr. CAGR %	-4.17	23.77	26.93	6.73	-9.55
Inventory, 2 Yr. CAGR %	6.72	9.31	11.19	5.84	1.92
Net Property, Plant and Equip., 2 Yr. CAGR %	11.69	8	10.76	5.26	3.87
Total Assets, 2 Yr. CAGR %	1.76	6.88	8.26	4.31	-0.79
Tangible Book Value, 2 Yr. CAGR %	13.53	-18.96	53.08	38.61	-9.16
Common Equity, 2 Yr. CAGR %	-3.69	6.84	2.95	-0.61	-1.62
Cash From Operations, 2 Yr. CAGR %	8.41	39.37	0.85	-13.23	-6.22
Capital Expenditures, 2 Yr. CAGR %	5.64	17.74	27.33	23.6	-2.52
Levered Free Cash Flow, 2 Yr. CAGR %	-3.88	39.12	-0.42	-27.92	-1.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.53	27.49	-0.26	-18.95	4.1
Dividend Per Share, 2 Yr. CAGR %	0	24.45	22.74	6.81	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.39	5.24	12.84	9.54	0.8
Gross Profit, 3 Yr. CAGR %	0.03	4.64	12.52	9.63	0.22
EBITDA, 3 Yr. CAGR %	0.35	3.81	11.6	9.83	1.23
EBITA, 3 Yr. CAGR %	0.87	5.36	13.85	8.82	-0.83
EBIT, 3 Yr. CAGR %	0.87	5.36	13.85	8.82	-0.83
Earnings From Cont. Operations, 3 Yr. CAGR %	-6.32	11.08	86.31	4.73	-6.24
Net Income, 3 Yr. CAGR %	-6.12	11.11	90.15	4.19	-6.61
Normalized Net Income, 3 Yr. CAGR %	1.35	7.12	17.11	8.86	-4.47
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.64	11.96	91.66	5.32	-5.69
Accounts Receivable, 3 Yr. CAGR %	0.12	4.22	26.04	11.98	2.25
Inventory, 3 Yr. CAGR %	6.2	8.58	9.53	7.99	4.54
Net Property, Plant and Equip., 3 Yr. CAGR %	9.43	12.13	8.19	7.78	5.42
Total Assets, 3 Yr. CAGR %	2.84	5.07	6.12	6.82	0.98
Tangible Book Value, 3 Yr. CAGR %	-12.07	16.37	7.97	32.93	16.51
Common Equity, 3 Yr. CAGR %	0.07	-0.09	4.01	2.03	-1.55
Cash From Operations, 3 Yr. CAGR %	4.02	10.48	19.85	-4.76	-7.97
Capital Expenditures, 3 Yr. CAGR %	5	9.25	24.36	21.31	9.65
Levered Free Cash Flow, 3 Yr. CAGR %	3.15	1.09	19.76	-16.84	-4.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	1.38	-0.44	14.33	-10.76	-0.12
Dividend Per Share, 3 Yr. CAGR %	9.75	9.71	20.89	14.63	4.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.32	3.5	6.83	4.78	5.34
Gross Profit, 5 Yr. CAGR %	-0.29	2.93	6.5	4.31	5.08
EBITDA, 5 Yr. CAGR %	0.84	3.82	6.24	4.11	5.47
EBITA, 5 Yr. CAGR %	0.94	4.83	7.32	3.77	5.39
EBIT, 5 Yr. CAGR %	1.24	4.83	7.32	3.77	5.39
Earnings From Cont. Operations, 5 Yr. CAGR %	0.98	7.4	7.33	0.43	36.52
Net Income, 5 Yr. CAGR %	1.11	7.46	7.48	0.29	37.65
Normalized Net Income, 5 Yr. CAGR %	2.96	6.72	8.2	3.26	5.1
Diluted EPS Before Extra, 5 Yr. CAGR %	1.42	7.93	8.2	1.25	38.81
Accounts Receivable, 5 Yr. CAGR %	1.06	4.12	10.09	5.22	10.37
Inventory, 5 Yr. CAGR %	4.37	6.79	8.17	7.48	6.42
Net Property, Plant and Equip., 5 Yr. CAGR %	6.08	9.28	9.96	9.33	6.44
Total Assets, 5 Yr. CAGR %	0.99	3.66	4.97	4.77	3.3
Tangible Book Value, 5 Yr. CAGR %	-19.84	-13.05	9.76	24.8	0.76
Common Equity, 5 Yr. CAGR %	2.14	3.07	1.21	-0.3	1.72
Cash From Operations, 5 Yr. CAGR %	8.39	6.92	2.74	0.3	8.65
Capital Expenditures, 5 Yr. CAGR %	5.39	6.63	13.42	14.78	12.81
Levered Free Cash Flow, 5 Yr. CAGR %	0.83	3.35	1.72	-11.87	10.82
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.97	1.34	0.74	-8.3	10.12
Dividend Per Share, 5 Yr. CAGR %	10.66	15.32	14.77	8.54	12.06