Cash flow Air France-KLM

Equities

AF

FR001400J770

Airlines

Market Closed - Euronext Paris Other stock markets 16:35:08 19/09/2024 BST			After market 20:03:49
8.892 ^EUR	+3.37%		8.884	-0.09%

09-18	Air France-KLM Suspends Flights to Israel, Lebanon	MT
09-18	Lufthansa and Air France suspend flights to Israel	DP

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Published financial data: AIR FRANCE-KLM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	27.19B	11.09B	14.32B	26.39B	30.02B
Other Revenues, Total	1M	-	-	-	-
Total Revenues	27.19B	11.09B	14.32B	26.39B	30.02B
Cost of Goods Sold, Total	21.27B	11.66B	12.63B	21.21B	23.85B
Gross Profit	5.92B	-571M	1.68B	5.18B	6.17B
Selling General & Admin Expenses, Total	1.03B	346M	385M	887M	1.03B
Depreciation & Amortization - (IS)	2.99B	2.86B	2.37B	2.42B	2.5B
Other Operating Expenses	774M	844M	577M	841M	970M
Other Operating Expenses, Total	4.79B	4.05B	3.33B	4.15B	4.5B
Operating Income	1.13B	-4.62B	-1.65B	1.03B	1.67B
Interest Expense, Total	-385M	-415M	-541M	-547M	-685M
Interest And Investment Income	2M	-	-	-	-
Net Interest Expenses	-383M	-415M	-541M	-547M	-685M
Income (Loss) On Equity Invest.	-26M	-65M	-19M	21M	-25M
Currency Exchange Gains (Loss)	-16M	379M	-181M	-21M	198M
Other Non Operating Income (Expenses)	-243M	-211M	-258M	-133M	-103M
EBT, Excl. Unusual Items	458M	-4.93B	-2.65B	352M	1.06B
Restructuring Charges	-36M	-822M	56M	-6M	-3M
Gain (Loss) On Sale Of Investments	42M	-7M	-21M	1M	131M
Gain (Loss) On Sale Of Assets	22M	41M	-19M	66M	32M
Asset Writedown	-126M	-680M	-39M	-32M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	9M	-586M	-904M	-27M	-64M
EBT, Incl. Unusual Items	369M	-6.99B	-3.58B	354M	1.15B
Income Tax Expense	76M	97M	-282M	-390M	164M
Earnings From Continuing Operations	293M	-7.08B	-3.29B	744M	990M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	293M	-7.08B	-3.29B	744M	990M
Minority Interest	-3M	5M	2M	-16M	-56M
Net Income - (IS)	290M	-7.08B	-3.29B	728M	934M
Preferred Dividend and Other Adjustments	17M	-	151M	137M	162M
Net Income to Common Incl Extra Items	273M	-7.08B	-3.44B	591M	772M
Net Income to Common Excl. Extra Items	273M	-7.08B	-3.44B	591M	772M
Per Share Items
Net EPS - Basic	6.39	-165.6	-59.5	3.49	4.3
Basic EPS - Continuing Operations	6.39	-165.6	-59.5	3.49	4.3
Basic Weighted Average Shares Outstanding	42.74M	42.74M	57.87M	169M	179M
Net EPS - Diluted	6.13	-165.6	-59.5	3.09	4.08
Diluted EPS - Continuing Operations	6.13	-165.6	-59.5	3.09	4.08
Diluted Weighted Average Shares Outstanding	45.53M	42.74M	57.87M	194M	197M
Normalized Basic EPS	6.63	-72	-28.58	1.21	3.37
Normalized Diluted EPS	6.22	-72	-28.58	1.05	3.07
Payout Ratio	8.97	-	-	34.62	19.49
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	2.71B	-3.07B	-247M	2.55B	2.94B
EBITA	1.28B	-4.43B	-1.46B	1.22B	1.67B
EBIT	1.13B	-4.62B	-1.65B	1.03B	1.67B
EBITDAR	5.17B	-1.85B	938M	4.64B	5.4B
Total Revenues (As Reported)	27.19B	11.09B	-	-	-
Effective Tax Rate - (Ratio)	20.6	-1.39	7.89	-110.17	14.21
Total Current Taxes	97M	-70M	2M	46M	58M
Total Deferred Taxes	-21M	167M	-284M	-436M	106M
Normalized Net Income	283M	-3.08B	-1.65B	204M	605M
Interest Capitalized	23M	23M	25M	29M	40M
Interest on Long-Term Debt	276M	252M	241M	265M	259M
Non-Cash Pension Expense	42M	-256M	914M	64M	62M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.03B	346M	385M	887M	1.03B
Net Rental Expense, Total	2.46B	1.22B	1.18B	2.1B	2.46B
Imputed Operating Lease Interest Expense	716M	285M	306M	624M	1.01B
Imputed Operating Lease Depreciation	1.74B	937M	879M	1.47B	1.45B
Maintenance & Repair Expenses, Total	2.63B	1.62B	1.62B	2.26B	2.55B
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	1.5M	700K	-	1.8M	-33M
Total Stock-Based Compensation	1.5M	700K	-	1.8M	-33M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.72B	6.42B	6.66B	6.63B	6.19B
Short Term Investments	483M	285M	147M	-	-
Trading Asset Securities, Total	-	1M	3M	647M	1.26B
Total Cash And Short Term Investments	4.2B	6.71B	6.81B	7.27B	7.45B
Accounts Receivable, Total	2.16B	1.25B	1.51B	1.78B	2.15B
Other Receivables	545M	694M	673M	521M	393M
Notes Receivable	14M	8M	6M	9M	37M
Total Receivables	2.72B	1.95B	2.19B	2.32B	2.58B
Inventory	737M	543M	567M	723M	853M
Prepaid Expenses	221M	134M	169M	229M	262M
Restricted Cash	300M	309M	324M	-	-
Other Current Assets, Total	360M	250M	671M	467M	666M
Total Current Assets	8.54B	9.9B	10.73B	11.01B	11.82B
Gross Property Plant And Equipment	31.13B	30.98B	30.73B	31.28B	33.06B
Accumulated Depreciation	-13.04B	-13.72B	-13.71B	-13.86B	-14.17B
Net Property Plant And Equipment	18.09B	17.26B	17.02B	17.42B	18.89B
Long-term Investments	969M	709M	749M	1.11B	1.08B
Goodwill	217M	215M	222M	225M	224M
Other Intangibles, Total	1.3B	1.23B	1.24B	1.34B	1.28B
Loans Receivable Long-Term	134M	142M	154M	166M	195M
Deferred Tax Assets Long-Term	523M	282M	278M	714M	698M
Other Long-Term Assets, Total	961M	481M	300M	331M	307M
Total Assets	30.74B	30.21B	30.68B	32.3B	34.49B
Liabilities
Accounts Payable, Total	2.38B	1.44B	1.85B	2.42B	2.45B
Accrued Expenses, Total	1.11B	1.26B	984M	1.19B	2.91B
Short-term Borrowings	4M	1M	4M	3M	13M
Current Portion of Long-Term Debt	307M	732M	819M	400M	1.25B
Current Portion of Leases	1.52B	1.44B	1.23B	1.33B	1.27B
Current Income Taxes Payable	892M	565M	794M	1.23B	412M
Unearned Revenue Current, Total	4.88B	4.15B	4.4B	5.5B	5.68B
Other Current Liabilities	1.56B	2.2B	1.64B	1.58B	1.98B
Total Current Liabilities	12.65B	11.78B	11.73B	13.66B	15.95B
Long-Term Debt	3.37B	11.3B	8.39B	6.5B	4.08B
Long-Term Leases	6.09B	5.33B	5.82B	6.48B	7.06B
Unearned Revenue Non Current	17M	36M	43M	34M	32M
Pension & Other Post Retirement Benefits	2.25B	2.15B	1.94B	1.63B	1.68B
Deferred Tax Liability Non Current	142M	22M	1M	1M	-
Other Non Current Liabilities	3.92B	5.01B	6.58B	6.48B	5.19B
Total Liabilities	28.44B	35.63B	34.5B	34.78B	33.99B
Common Stock, Total	429M	429M	643M	2.57B	263M
Additional Paid In Capital	4.14B	4.14B	4.95B	5.22B	7.56B
Retained Earnings	360M	-7.01B	-3.22B	798M	1B
Treasury Stock	-67M	-25M	-25M	-25M	-25M
Comprehensive Income and Other	-2.58B	-2.96B	-6.17B	-11.56B	-10.85B
Total Common Equity	2.28B	-5.43B	-3.82B	-3B	-2.05B
Minority Interest	15M	9M	8M	524M	2.55B
Total Equity	2.3B	-5.42B	-3.82B	-2.48B	500M
Total Liabilities And Equity	30.74B	30.21B	30.68B	32.3B	34.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42.74M	42.74M	64.14M	257M	263M
ECS Total Common Shares Outstanding	42.74M	42.74M	64.14M	257M	263M
Book Value / Share	44.01	-126.97	-108.74	-15.32	-11.91
Tangible Book Value	762M	-6.87B	-5.28B	-4.57B	-3.56B
Tangible Book Value Per Share	8.4	-160.78	-131.46	-21.4	-17.64
Total Debt	11.29B	18.81B	16.26B	14.71B	13.66B
Net Debt	7.05B	12.02B	9.38B	7.36B	6.21B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.83B	1.94B	1.94B	1.6B	1.64B
Debt Equivalent Oper. Leases	19.66B	9.78B	9.48B	16.78B	19.67B
Minority Interest, Total (Incl. Fin. Div)	15M	9M	8M	524M	2.55B
Equity Method Investments, Total	307M	230M	109M	120M	129M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	24M	14M	16M	23M	27M
Inventories - Others	915M	769M	813M	952M	1.08B
Land - (BS)	2.71B	2.76B	2.74B	2.78B	2.8B
Machinery, Total	20.79B	20.75B	20.39B	20.41B	21.3B
Full Time Employees	85K	59.38K	55.53K	58.19K	59.94K
Part Time Employees	-	22.75K	21.27K	20.76K	22.17K
Accumulated Allowance for Doubtful Accounts (Supple)	173M	302M	319M	231M	208M
Order Backlog	11.5B	7.44B	7.65B	8.61B	7.87B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	290M	-7.08B	-3.29B	728M	934M
Depreciation & Amortization - CF	2.79B	2.55B	2.32B	2.51B	2.47B
Amortization of Goodwill and Intangible Assets - (CF)	151M	187M	192M	183M	1M
Depreciation & Amortization, Total	2.94B	2.74B	2.51B	2.7B	2.47B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	159M
(Gain) Loss From Sale Of Asset	-43M	-49M	-8M	-91M	-63M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	10M	1.79B	432M	292M	110M
(Income) Loss On Equity Investments - (CF)	-23M	58M	27M	-12M	-7M
Stock-Based Compensation (CF)	-	-	-	-	-33M
Provision and Write-off of Bad Debts	16M	118M	25M	-76M	-18M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	569M	-568M	227M	-649M	21M
Change In Accounts Receivable	61M	760M	-239M	-146M	-330M
Change In Inventories	-93M	138M	-41M	-155M	-135M
Change In Accounts Payable	-133M	-898M	395M	570M	-23M
Change in Unearned Revenues	-	-837M	227M	1.09B	128M
Change in Other Net Operating Assets	300M	1B	1.27B	607M	-89M
Cash from Operations	3.9B	-2.83B	1.53B	4.86B	3.12B
Capital Expenditure	-3.37B	-2.1B	-2.2B	-2.97B	-3.55B
Sale of Property, Plant, and Equipment	100M	204M	899M	880M	867M
Cash Acquisitions	-1M	-1M	-4M	-3M	-7M
Divestitures	13M	357M	75M	-1M	-
Investment in Marketable and Equity Securities, Total	-72M	-44M	-9M	-59M	-540M
Other Investing Activities, Total	14M	-	2M	2M	-9M
Cash from Investing	-3.32B	-1.58B	-1.24B	-2.15B	-3.24B
Long-Term Debt Issued, Total	1.78B	11.76B	1.94B	1.16B	2.22B
Total Debt Issued	1.78B	11.76B	1.94B	1.16B	2.22B
Long-Term Debt Repaid, Total	-2.25B	-4.61B	-2.54B	-2.58B	-1.99B
Total Debt Repaid	-2.25B	-4.61B	-2.54B	-2.58B	-1.99B
Issuance of Common Stock	54M	-	1.02B	1.55B	2.75B
Repurchase of Common Stock	-	-	-	-969M	-596M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-252M	-182M
Preferred Dividends Paid	-26M	-	-	-	-
Common & Preferred Stock Dividends Paid	-26M	-	-	-252M	-182M
Other Financing Activities, Total	-	-	-501M	-1.66B	-2.49B
Cash from Financing	-447M	7.15B	-77M	-2.76B	-285M
Foreign Exchange Rate Adjustments	1M	-27M	14M	22M	-42M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	131M	2.71B	232M	-31M	-442M
Supplemental Items
Cash Interest Paid	436M	399M	563M	586M	704M
Cash Income Tax Paid (Refund)	6M	15M	-55M	-41M	114M
Levered Free Cash Flow	163M	-2.57B	-1.72B	2.15B	662M
Unlevered Free Cash Flow	403M	-2.31B	-1.38B	2.49B	1.09B
Change In Net Working Capital	-129M	63M	663M	-2.12B	-998M
Net Debt Issued / Repaid	-475M	7.15B	-600M	-1.42B	231M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.33	-9.48	-3.39	2.05	3.13
Return on Total Capital