Cash flow Techtronic Industries Co. Ltd.

Equities

669 HK0669013440

Industrial Machinery & Equipment

Market Closed - Hong Kong S.E. Other stock markets 04:08:58 2024-09-10 EDT			5-day change	1st Jan Change
104.60 ^HKD	+1.36%		0.00%	+12.41%

08-08	Nomura Adjusts Techtronic Industries' Price Target to HK$110 From HK$103, Keeps at Buy	MT
08-08	China stocks edge up on likely safe-haven flows amid regional weakness	RE

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Published financial data: TECHTRONIC INDUSTRIES CO. LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.67B	9.81B	13.2B	13.25B	13.73B
Total Revenues	7.67B	9.81B	13.2B	13.25B	13.73B
Cost of Goods Sold, Total	4.77B	6.06B	8.08B	8.04B	8.31B
Gross Profit	2.89B	3.75B	5.12B	5.21B	5.42B
Selling General & Admin Expenses, Total	2B	2.58B	3.52B	3.54B	3.75B
R&D Expenses	230M	317M	426M	484M	548M
Other Operating Expenses, Total	2.23B	2.9B	3.94B	4.03B	4.3B
Operating Income	663M	857M	1.18B	1.19B	1.12B
Interest Expense, Total	-52.32M	-44.22M	-42.01M	-69.87M	-124M
Interest And Investment Income	40.22M	36.79M	32.03M	25.85M	44.96M
Net Interest Expenses	-12.11M	-7.44M	-9.98M	-44.02M	-79.1M
Income (Loss) On Equity Invest.	119K	432K	5K	3K	27K
Other Non Operating Income (Expenses)	10.54M	11.16M	12.99M	13.52M	16.82M
EBT, Excl. Unusual Items	661M	861M	1.18B	1.16B	1.06B
EBT, Incl. Unusual Items	661M	861M	1.18B	1.16B	1.06B
Income Tax Expense	46.29M	60.26M	82.72M	79.75M	79.28M
Earnings From Continuing Operations	615M	801M	1.1B	1.08B	976M
Net Income to Company	615M	801M	1.1B	1.08B	976M
Minority Interest	-96K	-236K	-98K	-	-
Net Income - (IS)	615M	801M	1.1B	1.08B	976M
Net Income to Common Incl Extra Items	615M	801M	1.1B	1.08B	976M
Net Income to Common Excl. Extra Items	615M	801M	1.1B	1.08B	976M
Per Share Items
Net EPS - Basic	0.34	0.44	0.6	0.59	0.53
Basic EPS - Continuing Operations	0.34	0.44	0.6	0.59	0.53
Basic Weighted Average Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.83B
Net EPS - Diluted	0.34	0.44	0.6	0.59	0.53
Diluted EPS - Continuing Operations	0.34	0.44	0.6	0.59	0.53
Diluted Weighted Average Shares Outstanding	1.83B	1.84B	1.84B	1.84B	1.84B
Normalized Basic EPS	0.23	0.29	0.4	0.4	0.36
Normalized Diluted EPS	0.23	0.29	0.4	0.39	0.36
Dividend Per Share	0.13	0.17	0.24	0.24	0.25
Payout Ratio	36.36	32.67	35.86	42.74	44.74
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	818M	1.03B	1.38B	1.44B	1.4B
EBITA	673M	867M	1.18B	1.2B	1.13B
EBIT	663M	857M	1.18B	1.19B	1.12B
EBITDAR	838M	1.06B	1.41B	1.48B	1.44B
Effective Tax Rate - (Ratio)	7	7	7	6.89	7.51
Total Current Taxes	33.32M	59.8M	109M	66.91M	50.7M
Total Deferred Taxes	12.97M	455K	-26.25M	12.84M	28.58M
Normalized Net Income	413M	538M	739M	723M	660M
Interest on Long-Term Debt	6.7M	7.57M	10.35M	11.06M	19.43M
Non-Cash Pension Expense	1.21M	293K	374K	382K	1.72M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.2B	1.57B	2.17B	2.19B	2.35B
General and Administrative Expenses	805M	1.01B	1.35B	1.35B	1.41B
Research And Development Expense From Footnotes	330M	826M	522M	570M	737M
Net Rental Expense, Total	19.6M	22.68M	34.85M	46.25M	43.87M
Imputed Operating Lease Interest Expense	5.91M	4.63M	4.2M	6.71M	13M
Imputed Operating Lease Depreciation	13.69M	18.05M	30.64M	39.54M	30.87M
Stock-Based Comp., Other (Total)	6.79M	17.78M	33.57M	47.35M	46.94M
Total Stock-Based Compensation	6.79M	17.78M	33.57M	47.35M	46.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.41B	1.53B	1.87B	1.43B	953M
Short Term Investments	169M	140M	151M	232M	187M
Trading Asset Securities, Total	24.6M	17.76M	16.27M	13.47M	31.46M
Total Cash And Short Term Investments	1.61B	1.69B	2.04B	1.67B	1.17B
Accounts Receivable, Total	1.17B	1.32B	1.91B	1.52B	1.72B
Other Receivables	91.36M	87.41M	152M	175M	117M
Total Receivables	1.27B	1.41B	2.07B	1.69B	1.83B
Inventory	2.11B	3.22B	4.85B	5.08B	4.1B
Other Current Assets, Total	40.41M	18.61M	103M	87.34M	17.85M
Total Current Assets	5.02B	6.34B	9.06B	8.54B	7.12B
Gross Property Plant And Equipment	2.3B	2.77B	3.55B	4.12B	4.77B
Accumulated Depreciation	-964M	-1.06B	-1.15B	-1.35B	-1.6B
Net Property Plant And Equipment	1.33B	1.72B	2.41B	2.77B	3.18B
Long-term Investments	9.04M	8.56M	6.98M	11.77M	10.79M
Goodwill	581M	578M	577M	599M	604M
Other Intangibles, Total	279M	270M	277M	287M	294M
Accounts Receivable Long-Term	-	-	-	8.49M	5.78M
Deferred Tax Assets Long-Term	74.95M	74.5M	97.44M	81.08M	63.35M
Deferred Charges Long-Term	388M	394M	572M	837M	1B
Other Long-Term Assets, Total	8.93M	8.49M	8.3M	185M	120M
Total Assets	7.7B	9.39B	13.01B	13.32B	12.4B
Liabilities
Accounts Payable, Total	1.18B	1.78B	2.08B	2.09B	1.67B
Short-term Borrowings	77.79M	11.44M	76.86M	56.43M	22.21M
Current Portion of Long-Term Debt	666M	403M	2.18B	1.9B	901M
Current Portion of Leases	63.88M	73.33M	115M	140M	154M
Current Income Taxes Payable	19.6M	32.34M	56.12M	56.75M	47.56M
Other Current Liabilities	1.21B	1.78B	2.17B	1.98B	1.99B
Total Current Liabilities	3.22B	4.08B	6.68B	6.22B	4.78B
Long-Term Debt	755M	940M	1.03B	1.2B	1.03B
Long-Term Leases	174M	301M	439M	566M	734M
Pension & Other Post Retirement Benefits	143M	92.32M	76.14M	47.67M	47.82M
Deferred Tax Liability Non Current	13.45M	13.92M	14.06M	16.22M	26.27M
Other Non Current Liabilities	-	58.52M	48.5M	60.35M	31.53M
Total Liabilities	4.3B	5.49B	8.29B	8.11B	6.65B
Common Stock, Total	662M	673M	683M	685M	685M
Retained Earnings	2.92B	3.44B	4.15B	4.76B	5.3B
Comprehensive Income and Other	-187M	-212M	-108M	-243M	-237M
Total Common Equity	3.39B	3.9B	4.72B	5.21B	5.75B
Minority Interest	-334K	-98K	-	-	-
Total Equity	3.39B	3.9B	4.72B	5.21B	5.75B
Total Liabilities And Equity	7.7B	9.39B	13.01B	13.32B	12.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.83B	1.83B	1.83B	1.83B	1.83B
ECS Total Common Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.83B
Book Value / Share	1.85	2.13	2.57	2.84	3.13
Tangible Book Value	2.54B	3.06B	3.87B	4.32B	4.85B
Tangible Book Value Per Share	1.39	1.67	2.11	2.35	2.64
Total Debt	1.74B	1.73B	3.84B	3.86B	2.84B
Net Debt	131M	38.24M	1.8B	2.18B	1.67B
Debt Equivalent of Unfunded Proj. Benefit Obligation	85.64M	90.5M	74.47M	46.11M	47.02M
Debt Equivalent Oper. Leases	157M	181M	279M	370M	351M
Minority Interest, Total (Incl. Fin. Div)	-334K	-98K	-	-	-
Equity Method Investments, Total	3.24M	2.02M	2.03M	2.03M	2.06M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	209M	402M	602M	871M	838M
Inventories - Work In Process, Total	43.83M	53.7M	61.13M	102M	97.32M
Inventories - Finished Goods, Total	1.86B	2.77B	4.19B	4.11B	3.16B
Land - (BS)	400M	460M	555M	579M	898M
Machinery, Total	1.08B	1.17B	1.39B	1.55B	1.76B
Full Time Employees	33.18K	48.11K	51.43K	44.7K	47.22K
Part Time Employees	173	181	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	34.53M	52.93M	75.91M	58.39M	57.85M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	615M	801M	1.1B	1.08B	976M
Depreciation & Amortization - CF	212M	243M	303M	380M	435M
Amortization of Goodwill and Intangible Assets - (CF)	10.73M	10.3M	6.05M	8.36M	8.68M
Depreciation & Amortization, Total	223M	253M	309M	389M	444M
Amortization of Deferred Charges, Total - (CF)	102M	118M	118M	124M	189M
(Gain) Loss From Sale Of Asset	6.33M	62.44M	32.71M	16.5M	18.08M
(Gain) Loss on Sale of Investments - (CF)	10.51M	8.06M	4.79M	2.81M	-13.02M
Asset Writedown & Restructuring Costs	710K	37.48M	1.27M	609K	372K
(Income) Loss On Equity Investments - (CF)	-119K	-432K	-5K	-3K	-27K
Stock-Based Compensation (CF)	6.79M	17.78M	33.57M	47.35M	46.94M
Provision and Write-off of Bad Debts	1.32M	22.49M	24.82M	-12.27M	9.74M
Other Operating Activities, Total	13.57M	5.33M	54.23M	29.36M	29.77M
Change In Accounts Receivable	-151M	-117M	-700M	121M	-128M
Change In Inventories	-384M	-1.12B	-1.73B	-361M	946M
Change In Accounts Payable	258M	1.1B	734M	-178M	-438M
Change in Other Net Operating Assets	21.69M	-29.39M	-79.52M	-22.65M	22.91M
Cash from Operations	724M	1.16B	-101M	1.23B	2.1B
Capital Expenditure	-457M	-459M	-747M	-581M	-502M
Sale of Property, Plant, and Equipment	7.15M	2.08M	1.63M	3.64M	51.42M
Cash Acquisitions	-	-	-	-37.06M	-4.52M
Sale (Purchase) of Intangible assets	-159M	-158M	-310M	-405M	-373M
Investment in Marketable and Equity Securities, Total	-301K	-1.98M	-1.74M	-4.8M	1.38M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	423K	2.59M
Other Investing Activities, Total	40.24M	36.75M	31.96M	104M	44.52M
Cash from Investing	-568M	-580M	-1.02B	-919M	-779M
Short Term Debt Issued, Total	-	-	421K	146K	705K
Long-Term Debt Issued, Total	4.04B	3.69B	7.3B	4.84B	5.6B
Total Debt Issued	4.04B	3.69B	7.3B	4.84B	5.6B
Short Term Debt Repaid, Total	-234M	-7.65M	-	-	-
Long-Term Debt Repaid, Total	-3.41B	-3.93B	-5.44B	-5.09B	-6.96B
Total Debt Repaid	-3.65B	-3.94B	-5.44B	-5.09B	-6.96B
Issuance of Common Stock	5.94M	8.59M	8.21M	1.06M	550K
Repurchase of Common Stock	-12.64M	-	-	-	-4.41M
Common Dividends Paid	-224M	-262M	-394M	-460M	-437M
Common & Preferred Stock Dividends Paid	-224M	-262M	-394M	-460M	-437M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	163M	-498M	1.47B	-713M	-1.8B
Foreign Exchange Rate Adjustments	-10.61M	41.35M	-5.71M	-46.6M	858K
Net Change in Cash	308M	122M	341M	-445M	-476M
Supplemental Items
Cash Interest Paid	52.32M	44.22M	42.01M	69.87M	124M
Cash Income Tax Paid (Refund)	34.56M	54.23M	88.75M	72.56M	37.7M
Levered Free Cash Flow	-66.06M	233M	-1.55B	254M	901M
Unlevered Free Cash Flow	-33.36M	260M	-1.52B	298M	979M
Change In Net Working Capital	164M	47.11M	1.66B	18.19M	-474M
Net Debt Issued / Repaid	393M	-245M	1.86B	-253M	-1.36B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.9	6.27	6.58	5.64	5.43
Return on Total Capital	8.98	9.95	10.38	8.42	7.92
Return On Equity %	19.06	21.95	25.49	21.7	17.83
Return on Common Equity	19.06	21.95	25.48	21.7	17.83
Margin Analysis
Gross Profit Margin %	37.73	38.25	38.79	39.33	39.47
SG&A Margin	26.09	26.29	26.64	26.72	27.33
EBITDA Margin %	10.67	10.53	10.42	10.84	10.16
EBITA Margin %	8.78	8.84	8.97	9.02	8.2
EBIT Margin %	8.64	8.74	8.93	8.96	8.14
Income From Continuing Operations Margin %	8.02	8.16	8.32	8.13	7.11
Net Income Margin %	8.02	8.16	8.32	8.13	7.11
Net Avail. For Common Margin %	8.02	8.16	8.32	8.13	7.11
Normalized Net Income Margin	5.39	5.48	5.59	5.46	4.8
Levered Free Cash Flow Margin	-0.86	2.37	-11.72	1.92	6.56
Unlevered Free Cash Flow Margin	-0.44	2.65	-11.52	2.25	7.13
Asset Turnover
Asset Turnover	1.09	1.15	1.18	1.01	1.07
Fixed Assets Turnover	7.22	6.43	6.4	5.12	4.62
Receivables Turnover (Average Receivables)	6.75	7.87	8.17	7.73	8.49
Inventory Turnover (Average Inventory)	2.46	2.27	2	1.62	1.81
Short Term Liquidity
Current Ratio	1.56	1.55	1.36	1.37	1.49
Quick Ratio	0.89	0.76	0.62	0.54	0.63
Operating Cash Flow to Current Liabilities