Income Statement TUI AG

Equities

TUI1

DE000TUAG505

Leisure & Recreation

Market Closed - Xetra Other stock markets 11:35:14 2025-01-13 EST			Pre-market 01:46:35
7.538 ^EUR	-1.28%		7.576	+0.50%

01-13	German tourism is heading for a record year	DP
01-09	Travel company Dertour finds new boss at Flix	RE

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Published financial data: TUI AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	7.94B	4.73B	16.54B	20.67B	23.17B
Total Revenues	7.94B	4.73B	16.54B	20.67B	23.17B
Cost of Goods Sold, Total	9.5B	5.84B	15.59B	19.04B	21.23B
Gross Profit	-1.56B	-1.11B	956M	1.62B	1.94B
Selling General & Admin Expenses, Total	893M	710M	674M	907M	995M
Depreciation & Amortization - (IS)	93.8M	87.7M	73.3M	87M	68.7M
Other Operating Expenses	-100K	-38M	7.3M	18.4M	-
Other Operating Expenses, Total	987M	759M	754M	1.01B	1.06B
Operating Income	-2.55B	-1.87B	202M	612M	872M
Interest Expense, Total	-303M	-462M	-492M	-526M	-493M
Interest And Investment Income	30.3M	12.7M	26.6M	77.7M	99M
Net Interest Expenses	-273M	-449M	-466M	-448M	-394M
Income (Loss) On Equity Invest.	-193M	-233M	101M	407M	372M
Currency Exchange Gains (Loss)	-10.8M	12.2M	-8M	2.2M	5.2M
Other Non Operating Income (Expenses)	-6.7M	44.2M	32.8M	5.6M	3.7M
EBT, Excl. Unusual Items	-3.03B	-2.5B	-138M	579M	859M
Impairment of Goodwill	-68.1M	-	-	-	-
Gain (Loss) On Sale Of Investments	-215M	192M	-1.6M	5.4M	-200K
Gain (Loss) On Sale Of Assets	566M	-1.3M	17.6M	-	-6.4M
Asset Writedown	-455M	-156M	-23.5M	-33.1M	9.1M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-3.2B	-2.46B	-146M	551M	861M
Income Tax Expense	-64.2M	19.2M	66.7M	95.5M	154M
Earnings From Continuing Operations	-3.14B	-2.48B	-213M	456M	707M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-3.14B	-2.48B	-213M	456M	707M
Minority Interest	-9.4M	13.8M	-64.6M	-150M	-200M
Net Income - (IS)	-3.15B	-2.47B	-277M	306M	507M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-3.15B	-2.47B	-277M	306M	507M
Net Income to Common Excl. Extra Items	-3.15B	-2.47B	-277M	306M	507M
Per Share Items
Net EPS - Basic	-53.44	-25.85	-1.7	0.8	1
Basic EPS - Continuing Operations	-53.44	-25.85	-1.7	0.8	1
Basic Weighted Average Shares Outstanding	58.91M	95.44M	163M	384M	507M
Net EPS - Diluted	-53.44	-25.85	-1.7	0.75	0.99
Diluted EPS - Continuing Operations	-53.44	-25.85	-1.7	0.75	0.99
Diluted Weighted Average Shares Outstanding	58.91M	95.44M	163M	406M	517M
Normalized Basic EPS	-32.31	-16.21	-0.92	0.55	0.66
Normalized Diluted EPS	-32.31	-16.21	-0.92	0.52	0.65
Dividend Per Share	-	-	-	-	-
Payout Ratio	-10.1	-	-18.39	5.49	-
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	-2.24B	-1.61B	456M	892M	1.17B
EBITA	-2.51B	-1.84B	225M	632M	892M
EBIT	-2.55B	-1.87B	202M	612M	872M
EBITDAR	-2.17B	-1.59B	590M	1.03B	1.37B
Effective Tax Rate - (Ratio)	2	-0.78	-45.68	17.33	17.88
Current Domestic Taxes	6M	-6.5M	-15.7M	3M	6.7M
Current Foreign Taxes	15.5M	3.4M	128M	119M	135M
Total Current Taxes	21.5M	-3.1M	112M	122M	142M
Total Deferred Taxes	-85.7M	22.3M	-45.1M	-26.3M	12M
Normalized Net Income	-1.9B	-1.55B	-151M	212M	337M
Interest Capitalized	2.5M	600K	-	-	-
Interest on Long-Term Debt	151M	154M	159M	176M	172M
Non-Cash Pension Expense	-1.5M	-20.6M	42.2M	10.6M	20.7M
Supplemental Operating Expense Items
General and Administrative Expenses	218M	152M	118M	278M	274M
Research And Development Expense From Footnotes	104M	91.3M	64.5M	95.7M	78.5M
Net Rental Expense, Total	68.8M	21.3M	134M	140M	201M
Imputed Operating Lease Interest Expense	32.5M	11.08M	89.41M	125M	181M
Imputed Operating Lease Depreciation	36.3M	10.22M	44.69M	15.68M	20.1M
Maintenance & Repair Expenses, Total	148M	100M	255M	143M	210M
Stock-Based Comp., Other (Total)	-1.4M	3.5M	-3.7M	3.8M	8.2M
Total Stock-Based Compensation	-1.4M	3.5M	-3.7M	3.8M	8.2M

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.23B	1.58B	1.74B	2.06B	2.85B
Short Term Investments	14.9M	12.1M	85.8M	48.6M	53.4M
Total Cash And Short Term Investments	1.25B	1.6B	1.82B	2.11B	2.9B
Accounts Receivable, Total	155M	264M	404M	415M	470M
Other Receivables	312M	246M	296M	344M	320M
Notes Receivable	-	-	-	-	-
Total Receivables	467M	509M	699M	759M	790M
Inventory	73.2M	42.8M	56.1M	62.1M	66.4M
Other Current Assets, Total	905M	785M	1.33B	1.62B	1.51B
Total Current Assets	2.69B	2.93B	3.9B	4.55B	5.27B
Gross Property Plant And Equipment	9.4B	9.37B	10.53B	10.57B	10.9B
Accumulated Depreciation	-3.08B	-3.46B	-4.27B	-4.49B	-4.87B
Net Property Plant And Equipment	6.32B	5.91B	6.26B	6.08B	6.03B
Long-term Investments	1.2B	653M	796M	1.21B	1.52B
Goodwill	2.91B	2.99B	2.97B	2.95B	3B
Other Intangibles, Total	554M	499M	508M	538M	590M
Accounts Receivable Long-Term	9.6M	7.2M	5.2M	800K	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	300M	291M	222M	311M	389M
Other Long-Term Assets, Total	1.35B	870M	591M	514M	624M
Total Assets	15.34B	14.16B	15.26B	16.15B	17.42B
Liabilities
Accounts Payable, Total	1.61B	2.05B	3.32B	3.37B	3.39B
Accrued Expenses, Total	539M	575M	644M	571M	563M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	577M	285M	320M	98.5M	359M
Current Portion of Leases	687M	623M	699M	701M	582M
Current Income Taxes Payable	82.4M	56.7M	82.3M	114M	100M
Unearned Revenue Current, Total	49.7M	50M	60.6M	-	80.8M
Other Current Liabilities	2.77B	3.22B	3.62B	4.02B	4.95B
Total Current Liabilities	6.32B	6.86B	8.74B	8.88B	10.03B
Long-Term Debt	3.69B	3.04B	1.73B	1.2B	1.54B
Long-Term Leases	2.71B	2.61B	2.51B	2.22B	2.06B
Unearned Revenue Non Current	168M	167M	137M	-	266M
Pension & Other Post Retirement Benefits	984M	902M	568M	637M	631M
Deferred Tax Liability Non Current	193M	123M	121M	159M	103M
Other Non Current Liabilities	1.05B	876M	801M	1.12B	1.01B
Total Liabilities	15.12B	14.57B	14.61B	14.21B	15.64B
Common Stock, Total	1.51B	1.1B	1.79B	507M	507M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-4.68B	-7.3B	-7.41B	-7.54B	-6.01B
Comprehensive Income and Other	2.73B	5.12B	5.48B	8.16B	6.46B
Total Common Equity	-448M	-1.09B	-142M	1.12B	956M
Minority Interest	666M	667M	787M	824M	818M
Total Equity	218M	-418M	646M	1.95B	1.77B
Total Liabilities And Equity	15.34B	14.16B	15.26B	16.15B	17.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	59.04M	110M	179M	507M	507M
ECS Total Common Shares Outstanding	59.04M	110M	179M	507M	507M
Book Value / Share	-7.59	-9.88	-0.79	2.21	1.88
Tangible Book Value	-3.92B	-4.58B	-3.62B	-2.36B	-2.63B
Tangible Book Value Per Share	-66.33	-41.64	-20.28	-4.66	-5.19
Total Debt	7.67B	6.55B	5.26B	4.22B	4.54B
Net Debt	6.42B	4.95B	3.44B	2.11B	1.64B
Debt Equivalent of Unfunded Proj. Benefit Obligation	652M	798M	438M	572M	589M
Debt Equivalent Oper. Leases	550M	170M	1.07B	1.12B	1.61B
Minority Interest, Total (Incl. Fin. Div)	666M	667M	787M	824M	818M
Equity Method Investments, Total	1.19B	640M	785M	1.2B	1.51B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	16.4M	15.5M	20.9M	21.4M	21.5M
Inventories - Finished Goods, Total	14.6M	200K	200K	200K	200K
Inventories - Others	42.2M	27.1M	35M	40.5M	44.7M
Buildings, Total	251M	184M	200M	50.8M	53.7M
Machinery, Total	2.34B	2.15B	2.48B	2.68B	3.1B
Full Time Employees	29.82K	42.34K	51.32K	54.95K	52.14K
Part Time Employees	9.71K	8.24K	9.78K	10.47K	14.71K
Accumulated Allowance for Doubtful Accounts (Supple)	86.2M	71.6M	59.5M	49.7M	49.7M

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	-3.15B	-2.47B	-277M	306M	507M
Depreciation & Amortization - CF	900M	750M	742M	718M	730M
Amortization of Goodwill and Intangible Assets - (CF)	34.8M	27.5M	23.8M	20.3M	20M
Depreciation & Amortization, Total	935M	777M	765M	738M	750M
Amortization of Deferred Charges, Total - (CF)	115M	117M	94.8M	87.6M	105M
(Gain) Loss From Sale Of Asset	-564M	-204M	-37.2M	3M	6.2M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	524M	118M	23.4M	33.1M	-8.1M
(Income) Loss On Equity Investments - (CF)	7.1M	14.2M	200K	24.1M	67.2M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	628M	611M	446M	270M	323M
Change In Accounts Receivable	628M	391M	-692M	-266M	-88.4M
Change In Inventories	33.1M	16.2M	-16.4M	-6.2M	-3.9M
Change in Other Net Operating Assets	-1.93B	476M	1.77B	448M	253M
Cash from Operations	-2.77B	-151M	2.08B	1.64B	1.91B
Capital Expenditure	-587M	-300M	-516M	-666M	-712M
Sale of Property, Plant, and Equipment	110M	358M	181M	143M	81.9M
Cash Acquisitions	-40.8M	-5.3M	-	400K	2.9M
Divestitures	689M	106M	25.2M	-700K	45.1M
Other Investing Activities, Total	-9.6M	546M	1.6M	31.4M	-21.7M
Cash from Investing	162M	705M	-308M	-492M	-604M
Long-Term Debt Issued, Total	3.37B	856M	109M	218M	1.1B
Total Debt Issued	3.37B	856M	109M	218M	1.1B
Long-Term Debt Repaid, Total	-694M	-2.43B	-2.15B	-1.54B	-1.19B
Total Debt Repaid	-694M	-2.43B	-2.15B	-1.54B	-1.19B
Issuance of Common Stock	7.1M	1.74B	1.52B	1.76B	102M
Repurchase of Common Stock	-1M	-1.7M	-672M	-682M	-1.2M
Common Dividends Paid	-318M	-	-51M	-16.8M	-
Common & Preferred Stock Dividends Paid	-318M	-	-51M	-16.8M	-
Other Financing Activities, Total	-254M	-405M	-386M	-571M	-546M
Cash from Financing	2.11B	-234M	-1.63B	-835M	-531M
Foreign Exchange Rate Adjustments	-17M	33.2M	12.2M	13.1M	12.5M
Miscellaneous Cash Flow Adjustments	-	-100K	-100K	-	100K
Net Change in Cash	-515M	353M	151M	324M	788M
Supplemental Items
Cash Interest Paid	252M	405M	386M	490M	385M
Cash Income Tax Paid (Refund)	-56.1M	9M	131M	107M	152M
Levered Free Cash Flow	-2.3B	149M	1.18B	214M	1.47B
Unlevered Free Cash Flow	-2.11B	437M	1.49B	543M	1.78B
Change In Net Working Capital	980M	-1.01B	-1.02B	3.3M	-1.08B
Net Debt Issued / Repaid	2.68B	-1.57B	-2.05B	-1.32B	-86.3M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	-10.09	-7.93	0.86	2.44	3.25
Return on Total Capital	-21.61	-16.69	2.09	6.34	8.73
Return On Equity %	-143.21	2.48K	-187.24	35.15	38.02
Return on Common Equity	-209.49	321.63	45.18	62.33	48.78
Margin Analysis
Gross Profit Margin %	-19.64	-23.51	5.78	7.86	8.36
SG&A Margin	11.24	14.99	4.07	4.39	4.29
EBITDA Margin %	-28.23	-34.05	2.76	4.32	5.03
EBITA Margin %	-31.62	-38.98	1.36	3.06	3.85
EBIT Margin %	-32.06	-39.56	1.22	2.96	3.76
Income From Continuing Operations Margin %	-39.52	-52.43	-1.29	2.2	3.05
Net Income Margin %	-39.63	-52.14	-1.68	1.48	2.19
Net Avail. For Common Margin %	-39.63	-52.14	-1.68	1.48	2.19
Normalized Net Income Margin	-23.96	-32.69	-0.91	1.03	1.45
Levered Free Cash Flow Margin	-28.95	3.14	7.15	1.04	6.34
Unlevered Free Cash Flow Margin	-26.56	9.24	9.01	2.63	7.67
Asset Turnover
Asset Turnover	0.5	0.32	1.13	1.32	1.38
Fixed Assets Turnover	1.36	0.77	2.72	3.35	3.83
Receivables Turnover (Average Receivables)	21.48	22.6	49.6	50.5	52.35
Inventory Turnover (Average Inventory)	101.16	100.76	315.25	322.19	330.45
Short Term Liquidity
Current Ratio	0.43	0.43	0.45	0.51	0.53
Quick Ratio	0.27	0.31	0.29	0.32	0.37
Operating Cash Flow to Current Liabilities	-0.44	-0.02	0.24	0.18	0.19
Days Sales Outstanding (Average Receivables)	17.04	16.15	7.36	7.23	6.99
Days Outstanding Inventory (Average Inventory)	3.62	3.62	1.16	1.13	1.11
Average Days Payable Outstanding	85.91	115.01	62.8	64.1	58.31
Cash Conversion Cycle (Average Days)	-65.26	-95.24	-54.28	-55.74	-50.21
Long Term Solvency
Total Debt/Equity	3.52K	-1.57K	814.43	216.47	256
Total Debt / Total Capital	97.23	106.83	89.06	68.4	71.91
LT Debt/Equity