Balance Sheet Auto Trader Group plc

Equities

AUTO

GB00BVYVFW23

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Published financial data: AUTO TRADER GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	369M	263M	433M	500M	571M
Total Revenues	369M	263M	433M	500M	571M
Cost of Goods Sold, Total	-	-	-	100M	121M
Gross Profit	369M	263M	433M	400M	450M
Selling General & Admin Expenses, Total	107M	97.7M	124M	27M	26.3M
Depreciation & Amortization - (IS)	6.5M	6.3M	7.2M	14.1M	18.3M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	45M	48.7M
Other Operating Expenses, Total	113M	104M	132M	86.1M	93.3M
Operating Income	256M	159M	301M	314M	357M
Interest Expense, Total	-7.4M	-3.9M	-2.7M	-3.3M	-4M
Interest And Investment Income	-	100K	100K	200K	500K
Net Interest Expenses	-7.4M	-3.8M	-2.6M	-3.1M	-3.5M
Income (Loss) On Equity Invest.	3.2M	2.4M	2.9M	2.5M	2.8M
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	252M	157M	301M	313M	356M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-400K	-	-
Gain (Loss) On Sale Of Assets	-	-	-	19.1M	-
Other Unusual Items	-	-	-	-38.8M	-11.1M
EBT, Incl. Unusual Items	252M	157M	301M	294M	345M
Income Tax Expense	46.4M	29.6M	56.3M	59.7M	88.3M
Earnings From Continuing Operations	205M	128M	245M	234M	257M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	205M	128M	245M	234M	257M
Net Income - (IS)	205M	128M	245M	234M	257M
Net Income to Common Incl Extra Items	205M	128M	245M	234M	257M
Net Income to Common Excl. Extra Items	205M	128M	245M	234M	257M
Per Share Items
Net EPS - Basic	0.22	0.13	0.26	0.25	0.28
Basic EPS - Continuing Operations	0.22	0.13	0.26	0.25	0.28
Basic Weighted Average Shares Outstanding	924M	965M	956M	935M	913M
Net EPS - Diluted	0.22	0.13	0.26	0.25	0.28
Diluted EPS - Continuing Operations	0.22	0.13	0.26	0.25	0.28
Diluted Weighted Average Shares Outstanding	929M	967M	958M	944M	915M
Normalized Basic EPS	0.17	0.1	0.2	0.21	0.24
Normalized Diluted EPS	0.17	0.1	0.2	0.21	0.24
Dividend Per Share	0.02	0.05	0.08	0.08	0.1
Payout Ratio	31.55	-	30.08	33.22	31.3
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	259M	161M	304M	323M	370M
EBITA	257M	160M	302M	321M	368M
EBIT	256M	159M	301M	314M	357M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	18.45	18.81	18.7	20.33	25.58
Current Domestic Taxes	-	28.8M	-	-	91.7M
Total Current Taxes	47.2M	28.8M	56.3M	61.1M	91.7M
Total Deferred Taxes	-800K	800K	0	-1.4M	-3.4M
Normalized Net Income	157M	98.38M	188M	196M	223M
Interest on Long-Term Debt	7.4M	3.8M	1.2M	3.3M	3.7M
Non-Cash Pension Expense	100K	200K	0	2.7M	-100K
Supplemental Operating Expense Items
Marketing Expenses	17.3M	9.8M	20.5M	27M	26.3M
Selling and Marketing Expenses	17.3M	9.8M	20.5M	27M	26.3M
General and Administrative Expenses	37.2M	32.2M	40.2M	-	-
Research And Development Expense From Footnotes	400K	1.3M	900K	2.5M	3M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	45.4M	18.6M
Stock-Based Comp., G&A Exp. (Total)	3.6M	4.3M	6.1M	-	-
Total Stock-Based Compensation	3.6M	4.3M	6.1M	45.4M	18.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	37.6M	45.7M	51.3M	16.6M	18.7M
Total Cash And Short Term Investments	37.6M	45.7M	51.3M	16.6M	18.7M
Accounts Receivable, Total	52.1M	56.4M	60.3M	67.2M	75.5M
Other Receivables	500K	600K	700K	900K	1.7M
Total Receivables	52.6M	57M	61M	68.1M	77.2M
Inventory	-	-	-	3.6M	2.6M
Prepaid Expenses	3.8M	2.9M	5.5M	5.4M	6.8M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	94M	106M	118M	93.7M	105M
Gross Property Plant And Equipment	32.9M	31.4M	38.6M	36.9M	35.1M
Accumulated Depreciation	-19.8M	-20.2M	-23.9M	-21M	-20.2M
Net Property Plant And Equipment	13.1M	11.2M	14.7M	15.9M	14.9M
Long-term Investments	52.2M	54.6M	49.7M	51.6M	49.5M
Goodwill	328M	341M	341M	428M	428M
Other Intangibles, Total	14.4M	17.3M	14.7M	73.4M	60.1M
Deferred Tax Assets Long-Term	6.8M	1.7M	1.4M	-	-
Other Long-Term Assets, Total	900K	3.2M	3.7M	500K	600K
Total Assets	509M	534M	543M	663M	658M
Liabilities
Accounts Payable, Total	4.7M	5M	2.7M	8M	3.9M
Accrued Expenses, Total	24.8M	13.6M	36.5M	33.7M	18.7M
Short-term Borrowings	-	-	-	4.1M	2.1M
Current Portion of Leases	2.1M	2.5M	3M	2.5M	2.4M
Current Income Taxes Payable	-	-	-	-	25.2M
Unearned Revenue Current, Total	3.7M	3.3M	3M	5.7M	7.3M
Other Current Liabilities	500K	400K	8.5M	3.9M	3.7M
Total Current Liabilities	35.8M	24.8M	53.7M	57.9M	63.3M
Long-Term Debt	310M	27.6M	-	57.5M	27.7M
Long-Term Leases	7M	5M	6.5M	4.6M	2.4M
Unearned Revenue Non Current	10M	9.4M	8.9M	8.3M	7.8M
Deferred Tax Liability Non Current	2.9M	-	-	5.8M	2.9M
Other Non Current Liabilities	1.1M	9M	1.3M	1.3M	1.6M
Total Liabilities	367M	75.8M	70.4M	135M	106M
Common Stock, Total	9.2M	9.7M	9.5M	9.3M	9.2M
Additional Paid In Capital	-	182M	183M	183M	183M
Retained Earnings	1.18B	1.31B	1.33B	1.39B	1.42B
Treasury Stock	-17.2M	-10.2M	-22M	-25.6M	-30.9M
Comprehensive Income and Other	-1.03B	-1.03B	-1.03B	-1.03B	-1.03B
Total Common Equity	142M	459M	472M	527M	552M
Total Equity	142M	459M	472M	527M	552M
Total Liabilities And Equity	509M	534M	543M	663M	658M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	965M	966M	943M	914M	898M
ECS Total Common Shares Outstanding	918M	966M	943M	918M	902M
Book Value / Share	0.15	0.47	0.5	0.57	0.61
Tangible Book Value	-200M	100M	117M	26.3M	64.6M
Tangible Book Value Per Share	-0.22	0.1	0.12	0.03	0.07
Total Debt	320M	35.1M	9.5M	68.7M	34.6M
Net Debt	282M	-10.6M	-41.8M	52.1M	15.9M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-900K	-3.2M	-3.7M	-500K	-600K
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	52.2M	54.6M	49.7M	49.3M	48.2M
Account Code - Inventory Valuation	3	3	3	5	5
Inventories - Finished Goods, Total	-	-	-	3.6M	2.6M
Land - (BS)	16.5M	16.5M	23.1M	21.7M	23M
Machinery, Total	16.4M	14.9M	15.5M	15.2M	12.1M
Full Time Employees	853	953	1K	1.23K	1.26K
Accumulated Allowance for Doubtful Accounts (Supple)	3.4M	2.9M	2.5M	3M	3.3M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	205M	128M	245M	234M	257M
Depreciation & Amortization - CF	3.9M	3.7M	4.6M	4.9M	4.8M
Amortization of Goodwill and Intangible Assets - (CF)	1.3M	700K	1.4M	6.7M	10.5M
Depreciation & Amortization, Total	5.2M	4.4M	6M	11.6M	15.3M
Amortization of Deferred Charges, Total - (CF)	2M	2.5M	2.2M	3M	3.6M
(Gain) Loss From Sale Of Asset	-300K	200K	-	-19.8M	300K
(Income) Loss On Equity Investments - (CF)	-3.2M	-2.4M	-2.9M	-2.5M	-2.8M
Stock-Based Compensation (CF)	3.4M	3.3M	5.1M	5.8M	7.5M
Other Operating Activities, Total	-16.5M	4.7M	1.6M	43.1M	10M
Change In Accounts Receivable	1M	-3.6M	-5.3M	-3.6M	-10.4M
Change In Inventories	-	-	-	-2.7M	1M
Change In Accounts Payable	-200K	-12.3M	20.5M	-1.9M	6M
Change in Other Net Operating Assets	-800K	100K	-	-	100K
Cash from Operations	196M	125M	272M	267M	288M
Capital Expenditure	-1.3M	-1.3M	-2.8M	-2.4M	-3.6M
Sale of Property, Plant, and Equipment	-	-	-	1.8M	200K
Cash Acquisitions	-25.3M	-10M	-	-152M	-
Divestitures	-	-	-	25.6M	-
Sale (Purchase) of Intangible assets	-200K	-100K	-	-1M	-200K
Investment in Marketable and Equity Securities, Total	-	-	-	-1.3M	1M
Other Investing Activities, Total	-	-	7.8M	2.9M	4.4M
Cash from Investing	-26.8M	-11.4M	5M	-127M	1.8M
Short Term Debt Issued, Total	-	-	-	1.1M	-
Long-Term Debt Issued, Total	324M	64.5M	-	110M	57M
Total Debt Issued	324M	64.5M	-	111M	57M
Long-Term Debt Repaid, Total	-328M	-350M	-33.2M	-56.9M	-90.8M
Total Debt Repaid	-328M	-350M	-33.2M	-56.9M	-90.8M
Issuance of Common Stock	100K	184M	1.4M	2M	1.8M
Repurchase of Common Stock	-61.7M	-	-164M	-147M	-170M
Common Dividends Paid	-64.7M	-	-73.6M	-77.7M	-80.4M
Common & Preferred Stock Dividends Paid	-64.7M	-	-73.6M	-77.7M	-80.4M
Other Financing Activities, Total	-7.3M	-3.9M	-2.4M	-6.1M	-4.9M
Cash from Financing	-137M	-105M	-271M	-175M	-287M
Net Change in Cash	31.7M	8.1M	5.6M	-34.7M	2.1M
Supplemental Items
Cash Interest Paid	6.4M	3M	1.5M	3M	3.4M
Cash Income Tax Paid (Refund)	69.8M	28.2M	56.2M	60.5M	91.5M
Levered Free Cash Flow	144M	91.71M	220M	241M	252M
Unlevered Free Cash Flow	148M	93.55M	220M	242M	254M
Change In Net Working Capital	20.5M	14.9M	-21.8M	10M	2M
Net Debt Issued / Repaid	-3.6M	-286M	-33.2M	54.2M	-33.8M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	33.28	19.02	34.93	32.55	33.79
Return on Total Capital	37.75	20.79	38.57	36.4	37.72
Return On Equity %	204.49	42.58	52.56	46.79	47.59
Return on Common Equity	204.49	42.58	52.56	46.79	47.59
Margin Analysis
Gross Profit Margin %	100	100	100	79.97	78.88
SG&A Margin	28.92	37.18	28.75	5.4	4.61
EBITDA Margin %	70.26	61.38	70.37	64.55	64.83
EBITA Margin %	69.67	60.69	69.91	64.09	64.37
EBIT Margin %	69.31	60.43	69.59	62.75	62.53
Income From Continuing Operations Margin %	55.6	48.63	56.55	46.76	45
Net Income Margin %	55.6	48.63	56.55	46.76	45
Net Avail. For Common Margin %	55.6	48.63	56.55	46.76	45
Normalized Net Income Margin	42.61	37.43	43.53	39.15	39.01
Levered Free Cash Flow Margin	39.03	34.9	50.8	48.13	44.2
Unlevered Free Cash Flow Margin	40.1	35.6	50.96	48.44	44.53
Asset Turnover
Asset Turnover	0.77	0.5	0.8	0.83	0.86
Fixed Assets Turnover	24.76	21.63	33.41	32.69	37.07
Receivables Turnover (Average Receivables)	7.03	4.84	7.42	7.85	8
Inventory Turnover (Average Inventory)	-	-	-	-	38.9
Short Term Liquidity
Current Ratio	2.63	4.26	2.19	1.62	1.66
Quick Ratio	2.52	4.14	2.09	1.46	1.52
Operating Cash Flow to Current Liabilities	5.47	5.03	5.06	4.61	4.54
Days Sales Outstanding (Average Receivables)	52.09	75.35	49.22	46.52	45.74
Days Outstanding Inventory (Average Inventory)	-	-	-	-	9.41
Average Days Payable Outstanding	-	-	-	-	18.21
Cash Conversion Cycle (Average Days)	-	-	-	-	36.94
Long Term Solvency
Total Debt/Equity	225.71	7.65	2.01	13.03	6.26
Total Debt / Total Capital	69.3	7.11	1.97	11.53	5.9
LT Debt/Equity	224.22	7.11	1.38	11.78	5.45
Long-Term Debt / Total Capital	68.84	6.6	1.35	10.42	5.13
Total Liabilities / Total Assets	72.18	14.18	12.97	20.43	16.06
EBIT / Interest Expense	34.55	40.72	111.52	95.12	89.25
EBITDA / Interest Expense	35.26	41.85	113.74	98.64	93.08
(EBITDA - Capex) / Interest Expense	35.08	41.51	112.7	97.91	92.18
Total Debt / EBITDA	1.22	0.22	0.03	0.21	0.09
Net Debt / EBITDA	1.08	-0.06	-0.14	0.16	0.04
Total Debt / (EBITDA - Capex)	1.23	0.22	0.03	0.21	0.09
Net Debt / (EBITDA - Capex)	1.09	-0.07	-0.14	0.16	0.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.89	-28.76	64.65	15.6	14.13
Gross Profit, 1 Yr. Growth %	3.89	-28.76	64.65	10.22	12.58
EBITDA, 1 Yr. Growth %	5.07	-37.77	88.78	6.18	14.62
EBITA, 1 Yr. Growth %	5.41	-37.94	89.66	6.12	14.63
EBIT, 1 Yr. Growth %