Cash flow Argo Blockchain plc

Equities

ARB

GB00BZ15CS02

Blockchain & Cryptocurrency

Market Closed - London S.E. Other stock markets 16:35:07 06/09/2024 BST			5-day change	1st Jan Change
9.000 ^GBX	0.00%		-8.16%	-68.97%

09-05	Argo Blockchain plc Reports Operating Results for the Month of August 2024	CI
09-05	Argo Blockchain plc Reports Mining Revenue Results for the Month of August 2024	CI

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Published financial data: ARGO BLOCKCHAIN PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	8.62M	18.96M	74.2M	47.36M	50.56M
Total Revenues	8.62M	18.96M	74.2M	47.36M	50.56M
Cost of Goods Sold, Total	5.56M	17.11M	12M	39.05M	29.26M
Gross Profit	3.06M	1.85M	62.21M	8.32M	21.3M
Selling General & Admin Expenses, Total	2.91M	2.44M	7.18M	22.99M	17.9M
Provision for Bad Debts	-	-447K	-	-	-
Stock-Based Compensation (IS)	-	332K	1.94M	4.93M	3.89M
R&D Expenses	104K	-	-	-	-
Depreciation & Amortization - (IS)	138K	-	11.13M	-	18.66M
Other Operating Expenses	334K	-2.07M	-1.63M	45.63M	256K
Other Operating Expenses, Total	3.49M	252K	18.62M	73.54M	40.7M
Operating Income	-433K	1.6M	43.59M	-65.23M	-19.4M
Interest Expense, Total	-40.85K	-158K	-2.14M	-18.32M	-11.56M
Interest And Investment Income	5.62K	1.39K	-	-	-
Net Interest Expenses	-35.24K	-156K	-2.14M	-18.32M	-11.56M
Income (Loss) On Equity Invest.	-	-	-1.2M	-4.87M	-716K
Currency Exchange Gains (Loss)	-401K	-	-589K	-	-
Other Non Operating Income (Expenses)	-	-	-	3.01M	346K
EBT, Excl. Unusual Items	-869K	1.44M	39.66M	-85.41M	-31.32M
Gain (Loss) On Sale Of Investments	-	-	-446K	-328K	-2.2M
Gain (Loss) On Sale Of Assets	-	-	-	-63.58M	428K
Asset Writedown	-	-	-535K	-49.31M	-1.94M
Other Unusual Items	-	-	588K	4.04M	-
EBT, Incl. Unusual Items	-869K	1.44M	39.27M	-195M	-35.03M
Income Tax Expense	-	-	8.51M	-361K	-
Earnings From Continuing Operations	-869K	1.44M	30.76M	-194M	-35.03M
Net Income to Company	-869K	1.44M	30.76M	-194M	-35.03M
Net Income - (IS)	-869K	1.44M	30.76M	-194M	-35.03M
Net Income to Common Incl Extra Items	-869K	1.44M	30.76M	-194M	-35.03M
Net Income to Common Excl. Extra Items	-869K	1.44M	30.76M	-194M	-35.03M
Per Share Items
Net EPS - Basic	-0	0	0.08	-0.41	-0.07
Basic EPS - Continuing Operations	-0	0	0.08	-0.41	-0.07
Basic Weighted Average Shares Outstanding	294M	303M	398M	474M	504M
Net EPS - Diluted	-0	0	0.07	-0.41	-0.07
Diluted EPS - Continuing Operations	-0	0	0.07	-0.41	-0.07
Diluted Weighted Average Shares Outstanding	294M	335M	415M	474M	504M
Normalized Basic EPS	-0	0	0.06	-0.11	-0.04
Normalized Diluted EPS	-0	0	0.06	-0.11	-0.04
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	1.65M	7.51M	51.68M	-41.93M	6.48M
EBITA	-433K	1.6M	43.59M	-65.23M	-19.4M
EBIT	-433K	1.6M	43.59M	-65.23M	-19.4M
Effective Tax Rate - (Ratio)	-	-	21.66	0.19	-
Total Current Taxes	-	-	7.68M	-8.32M	-
Total Deferred Taxes	-	-	827K	7.96M	-
Normalized Net Income	-543K	902K	24.79M	-53.38M	-19.58M
Supplemental Operating Expense Items
Advertising Expense	105K	113K	-	-	-
Selling and Marketing Expenses	105K	113K	-	-	-
General and Administrative Expenses	2.35M	2.33M	7.18M	-	-
Research And Development Expense From Footnotes	104K	20K	-	91K	-
Maintenance & Repair Expenses, Total	-	-	939K	863K	455K
Stock-Based Comp., Other (Total)	-	332K	1.94M	4.93M	3.89M
Total Stock-Based Compensation	-	332K	1.94M	4.93M	3.89M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	161K	2.05M	11.8M	16.66M	7.44M
Total Cash And Short Term Investments	161K	2.05M	11.8M	16.66M	7.44M
Accounts Receivable, Total	-	-	-	-	2.48M
Other Receivables	2.09M	1.7M	2.74M	683K	-
Total Receivables	2.09M	1.7M	2.74M	683K	2.48M
Prepaid Expenses	-	472K	13.19M	-	1.36M
Other Current Assets, Total	1.04M	4.64M	128M	5.33M	3.65M
Total Current Assets	3.29M	8.86M	156M	22.67M	14.92M
Gross Property Plant And Equipment	17.92M	25.33M	131M	147M	178M
Accumulated Depreciation	-2.52M	-7.43M	-18.81M	-82.65M	-119M
Net Property Plant And Equipment	15.4M	17.9M	112M	64.28M	59.73M
Long-term Investments	1.4M	1.39M	14.22M	2.72M	400K
Goodwill	-	-	80K	-	112K
Other Intangibles, Total	482K	368K	5.52M	1.74M	776K
Other Long-Term Assets, Total	4.15M	4.11M	-	-	-
Total Assets	24.73M	32.64M	288M	91.42M	75.94M
Liabilities
Accounts Payable, Total	2.46M	548K	10.26M	2.75M	2.34M
Accrued Expenses, Total	434K	266K	4.99M	5.56M	8.84M
Short-term Borrowings	1.08M	116K	-	-	-
Current Portion of Long-Term Debt	-	-	23.39M	9.62M	14.32M
Current Portion of Leases	-	3.47M	7K	4K	-
Current Income Taxes Payable	-	972	7.68M	-	-
Deferred Tax Liability Current	-	-	286K	2.2M	-
Other Current Liabilities	5K	5K	8.07M	-	2.09M
Total Current Liabilities	3.99M	4.41M	54.68M	20.13M	27.58M
Long-Term Debt	-	-	30.3M	52.85M	48.2M
Long-Term Leases	-	3.91M	370K	448K	-
Deferred Tax Liability Non Current	-	-	541K	6.59M	-
Total Liabilities	3.99M	8.32M	85.89M	80.02M	75.78M
Common Stock, Total	294K	303K	468K	478K	712K
Additional Paid In Capital	25.25M	1.54M	140M	144M	210M
Retained Earnings	-4.99M	21.96M	52.84M	-141M	-192M
Comprehensive Income and Other	178K	518K	8.92M	8.57M	-17.96M
Total Common Equity	20.74M	24.33M	202M	11.4M	158K
Total Equity	20.74M	24.33M	202M	11.4M	158K
Total Liabilities And Equity	24.73M	32.64M	288M	91.42M	75.94M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	294M	303M	468M	478M	537M
ECS Total Common Shares Outstanding	294M	303M	468M	478M	537M
Book Value / Share	0.07	0.08	0.43	0.02	0
Tangible Book Value	20.26M	23.96M	196M	9.66M	-730K
Tangible Book Value Per Share	0.07	0.08	0.42	0.02	-0
Total Debt	1.08M	7.5M	54.07M	62.92M	62.52M
Net Debt	923K	5.44M	42.26M	46.26M	55.07M
Equity Method Investments, Total	-	-	13.82M	2.37M	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	17.83M	17.86M	58.55M	118M	178M
Full Time Employees	7	9	43	82	30

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-869K	1.44M	30.76M	-194M	-35.03M
Depreciation & Amortization - CF	2.08M	5.91M	11.37M	23.3M	-91.87M
Depreciation & Amortization, Total	2.08M	5.91M	11.37M	23.3M	-91.87M
Amortization of Deferred Charges, Total - (CF)	138K	114K	138K	147K	112M
(Gain) Loss From Sale Of Asset	-	66.16K	-	63.58M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	446K	328K	2.2M
Asset Writedown & Restructuring Costs	-	-	-	49.31M	855K
(Income) Loss On Equity Investments - (CF)	-	-	1.2M	4.87M	716K
Stock-Based Compensation (CF)	-	332K	1.94M	4.93M	3.89M
Other Operating Activities, Total	485K	270K	8M	38.62M	11.18M
Change In Accounts Receivable	-4.06M	-89.62K	-13.63M	-15.25M	-1.15M
Change In Accounts Payable	2.68M	-2.11M	12.29M	-6.93M	1.04M
Change in Other Net Operating Assets	-1.04M	-3.58M	-80.33M	36.75M	-
Cash from Operations	-575K	2.36M	-27.82M	5.42M	3.83M
Capital Expenditure	-15.03M	-1.81M	-126M	-87.35M	-1.11M
Sale of Property, Plant, and Equipment	-	704K	-	10.03M	-
Cash Acquisitions	-	-	-664K	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-58.14K	-	-6.8M	-	50K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.35M	-	-	-	-
Other Investing Activities, Total	-307K	49.14K	-3.7M	84.22M	-
Cash from Investing	-16.74M	-1.05M	-138M	6.9M	-1.06M
Short Term Debt Issued, Total	1.08M	-	22.24M	-	-
Long-Term Debt Issued, Total	-	-	26.91M	8.93M	1.43M
Total Debt Issued	1.08M	-	49.15M	8.93M	1.43M
Short Term Debt Repaid, Total	-	-968K	-	-	-
Long-Term Debt Repaid, Total	-	-	-8.58M	-	-14.06M
Total Debt Repaid	-	-968K	-8.58M	-	-14.06M
Issuance of Common Stock	-	1.55M	151M	-	7.52M
Other Financing Activities, Total	-	-	-16.58M	-18.32M	-10.66M
Cash from Financing	1.08M	582K	175M	-9.39M	-15.78M
Foreign Exchange Rate Adjustments	-	-	-	1.92M	360K
Net Change in Cash	-16.23M	1.89M	9.75M	4.86M	-12.65M
Supplemental Items
Cash Interest Paid	-	158K	122K	18.32M	10.66M
Levered Free Cash Flow	-11.36M	-317K	-194M	6.14M	6.81M
Unlevered Free Cash Flow	-11.34M	-219K	-193M	17.59M	14.03M
Change In Net Working Capital	-1.74M	5.77M	107M	-117M	-3.25M
Net Debt Issued / Repaid	1.08M	-968K	40.57M	8.93M	-12.64M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.17	3.48	17.01	-21.51	-13.02
Return on Total Capital	-1.25	3.72	18.94	-24.69	-14.86
Return On Equity %	-4.12	6.4	27.21	-182.2	-283.26
Return on Common Equity	-4.12	6.4	27.21	-182.2	-283.26
Margin Analysis
Gross Profit Margin %	35.48	9.76	83.83	17.56	42.13
SG&A Margin	33.82	12.86	9.67	48.53	35.4
EBITDA Margin %	19.16	39.62	69.65	-88.53	12.81
EBITA Margin %	-5.02	8.43	58.75	-137.72	-38.37
EBIT Margin %	-5.02	8.43	58.75	-137.72	-38.37
Income From Continuing Operations Margin %	-10.09	7.61	41.46	-410.09	-69.29
Net Income Margin %	-10.09	7.61	41.46	-410.09	-69.29
Net Avail. For Common Margin %	-10.09	7.61	41.46	-410.09	-69.29
Normalized Net Income Margin	-6.3	4.76	33.41	-112.7	-38.72
Levered Free Cash Flow Margin	-131.85	-1.67	-261.29	12.96	13.47
Unlevered Free Cash Flow Margin	-131.56	-1.15	-259.48	37.14	27.76
Asset Turnover
Asset Turnover	0.37	0.66	0.46	0.25	0.54
Fixed Assets Turnover	0.97	1.14	1.14	0.54	0.74
Receivables Turnover (Average Receivables)	-	-	-	-	30.61
Short Term Liquidity
Current Ratio	0.82	2.01	2.85	1.13	0.54
Quick Ratio	0.56	0.85	0.27	0.86	0.36
Operating Cash Flow to Current Liabilities	-0.14	0.54	-0.51	0.27	0.14
Days Sales Outstanding (Average Receivables)	-	-	-	-	11.92
Average Days Payable Outstanding	-	32.22	164.41	60.82	33.78
Long Term Solvency
Total Debt/Equity	5.23	30.81	26.79	551.87	39.57K
Total Debt / Total Capital	4.97	23.55	21.13	84.66	99.75
LT Debt/Equity	-	16.07	15.2	467.43	30.5K
Long-Term Debt / Total Capital	-	12.29	11.99	71.71	76.9
Total Liabilities / Total Assets	16.13	25.48	29.85	87.53	99.79
EBIT / Interest Expense	-10.59	10.15	20.35	-3.56	-1.68
EBITDA / Interest Expense	40.41	47.69	25.66	-2.29	0.56
(EBITDA - Capex) / Interest Expense	-327.39	36.21	-33.35	-7.06	0.46
Total Debt / EBITDA	0.66	1	0.98	-1.5	9.65
Net Debt / EBITDA	0.56	0.72	0.77	-1.1	8.5
Total Debt / (EBITDA - Capex)	-0.08	1.31	-0.76	-0.49	11.65
Net Debt / (EBITDA - Capex)	-0.07	0.95	-0.59	-0.36	10.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.12K	120	291.43	-36.17	-13.7
Gross Profit, 1 Yr. Growth %	-905.01	-39.45	710.84	-83.8	-30.74
EBITDA, 1 Yr. Growth %	-165.72	500.98	563.99	-182.07	-112.31
EBITA, 1 Yr. Growth %	-85.15	-291.71	2.23K	-251.68	-75.96
EBIT, 1 Yr. Growth %	-85.15	-291.71	2.23K	-251.68	-75.96
Earnings From Cont. Operations, 1 Yr. Growth %	-77.13	-265.98	2.03K	-731.34	-84.7
Net Income, 1 Yr. Growth %	-77.13	-265.98	2.03K	-731.34	-84.7
Normalized Net Income, 1 Yr. Growth %	-77.13	-265.98	2.65K	-315.33	-70.35
Diluted EPS Before Extra, 1 Yr. Growth %	-85.52	-245.71	1.75K	-653.82	-85.61
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	201.34
Net Property, Plant and Equip., 1 Yr. Growth %	526.69	16.26	525.34	-42.58	-22.95
Total Assets, 1 Yr. Growth %	14.22	32.02	781.35	-68.22	-31.11
Tangible Book Value, 1 Yr. Growth %	-2.66	18.28	718.92	-95.08	-103.25
Common Equity, 1 Yr. Growth %	-3.22	17.31	729.57	-94.35	-99.36
Cash From Operations, 1 Yr. Growth %	-88.1	-366.04	-1.2K	-119.5	-71.43
Capital Expenditures, 1 Yr. Growth %	462.76	-87.97	6.89K	-30.89	-98.97
Levered Free Cash Flow, 1 Yr. Growth %	-	-97.27	131K	-103.16	612.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-98.11	389K	-109.12	-7.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	418.28	193.45	58.06	-26.86
Gross Profit, 2 Yr. CAGR %	-	120.77	247.87	4.12	-42.92
EBITDA, 2 Yr. CAGR %	-	72.92	511.56	132.1	-68.45
EBITA, 2 Yr. CAGR %	-	-25.93	688.19	490.6	-40.49
EBIT, 2 Yr. CAGR %	-	-25.93	688.19	490.6	-40.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-38.39	494.98	1.06K	-5.45
Net Income, 2 Yr. CAGR %	-	-38.39	494.98	1.06K	-5.45
Normalized Net Income, 2 Yr. CAGR %	-	-38.39	575.58	669.6	-21.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-54.07	400.17	912.21	-14.12
Net Property, Plant and Equip., 2 Yr. CAGR %	-	169.93	169.63	89.49	-35.28
Total Assets, 2 Yr. CAGR %	-	22.8	241.12	67.35	-54.48
Tangible Book Value, 2 Yr. CAGR %	-	7.3	211.23	-36.51	-94.6
Common Equity, 2 Yr. CAGR %	-	6.55	211.95	-31.54	-97.52
Cash From Operations, 2 Yr. CAGR %	-	-30.11	459.74	46.71	-67.12
Capital Expenditures, 2 Yr. CAGR %	-	-17.71	190.04	595.09	-91.69
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	310.07	545.04	-83.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	309.11	1.79K	-76.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	371.98	76.48	27.93