Cash flow AVerMedia Technologies, Inc.

Equities

2417

TW0002417003

Computer Hardware

End-of-day quote Taiwan S.E. Other stock markets 12/09/2024			5-day change	1st Jan Change
43.20 ^TWD	+3.72%		-3.57%	+20.00%

08-20	AVerMedia Unveils X'TRA GO: The First Product Launched For Its New "GO Series" Line of Products	CI
08-12	AVerMedia Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: AVERMEDIA TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.95B	7.05B	4.71B	3.97B	3.24B
Total Revenues	2.95B	7.05B	4.71B	3.97B	3.24B
Cost of Goods Sold, Total	1.46B	3.26B	2.39B	1.99B	1.45B
Gross Profit	1.49B	3.79B	2.33B	1.98B	1.79B
Selling General & Admin Expenses, Total	1.04B	1.42B	1.22B	1.28B	1.26B
Provision for Bad Debts	173K	39K	127K	4.07M	1.07M
R&D Expenses	436M	525M	573M	626M	622M
Other Operating Expenses, Total	1.47B	1.94B	1.79B	1.91B	1.88B
Operating Income	13.02M	1.85B	536M	73.54M	-89.39M
Interest Expense, Total	-5.74M	-5.76M	-7.94M	-14.18M	-17.75M
Interest And Investment Income	6.93M	4.96M	4.08M	13.25M	49.85M
Net Interest Expenses	1.19M	-801K	-3.86M	-936K	32.1M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-19.98M	-55.56M	-117M	124M	-5.8M
Other Non Operating Income (Expenses)	52.22M	68.19M	98.23M	25.85M	44.4M
EBT, Excl. Unusual Items	46.45M	1.86B	513M	222M	-18.69M
Gain (Loss) On Sale Of Investments	-	-	-	-	2.96M
Gain (Loss) On Sale Of Assets	925K	20K	2.91M	-24K	143M
Other Unusual Items	35K	-	-	-	21K
EBT, Incl. Unusual Items	47.41M	1.86B	516M	222M	128M
Income Tax Expense	8.39M	245M	147M	24.62M	587K
Earnings From Continuing Operations	39.02M	1.62B	369M	198M	127M
Net Income to Company	39.02M	1.62B	369M	198M	127M
Minority Interest	-35.45M	-385M	-326M	-167M	-125M
Net Income - (IS)	3.58M	1.23B	42.59M	31.07M	1.77M
Net Income to Common Incl Extra Items	3.58M	1.23B	42.59M	31.07M	1.77M
Net Income to Common Excl. Extra Items	3.58M	1.23B	42.59M	31.07M	1.77M
Per Share Items
Net EPS - Basic	0.02	8.02	0.27	0.23	0.01
Basic EPS - Continuing Operations	0.02	8.02	0.27	0.23	0.01
Basic Weighted Average Shares Outstanding	154M	154M	160M	137M	134M
Net EPS - Diluted	0.02	7.96	0.27	0.23	0.01
Diluted EPS - Continuing Operations	0.02	7.96	0.27	0.23	0.01
Diluted Weighted Average Shares Outstanding	154M	155M	160M	137M	135M
Normalized Basic EPS	-0.04	5.07	-0.03	-0.2	-1.02
Normalized Diluted EPS	-0.04	5.03	-0.03	-0.2	-1.01
Dividend Per Share	0.13	2.5	0.15	0.2	0.15
Payout Ratio	539.1	1.56	803.93	66.33	1.56K
Supplemental Items
EBITDA	109M	1.96B	669M	236M	72.8M
EBITA	15.77M	1.85B	544M	91.65M	-68.65M
EBIT	13.02M	1.85B	536M	73.54M	-89.39M
EBITDAR	111M	1.96B	673M	243M	73.56M
Effective Tax Rate - (Ratio)	17.69	13.13	28.55	11.07	0.46
Total Current Taxes	24.16M	300M	142M	7.31M	4.04M
Total Deferred Taxes	-15.77M	-55.04M	5.64M	17.3M	-3.45M
Normalized Net Income	-6.42M	779M	-5.42M	-27.67M	-137M
Supplemental Operating Expense Items
Selling and Marketing Expenses	891M	1.19B	1.03B	1.08B	1.07B
General and Administrative Expenses	145M	229M	195M	194M	188M
Research And Development Expense From Footnotes	436M	525M	573M	626M	622M
Net Rental Expense, Total	1.45M	392K	4.27M	6.55M	766K
Imputed Operating Lease Interest Expense	-	89.83K	393K	666K	107K
Imputed Operating Lease Depreciation	-	302K	3.88M	5.88M	659K
Stock-Based Comp., Other (Total)	-	39.26M	-	18.52M	26.42M
Total Stock-Based Compensation	-	39.26M	-	18.52M	26.42M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.57B	2.92B	1.85B	2.09B	2.22B
Trading Asset Securities, Total	142M	81.24M	-	-	121M
Total Cash And Short Term Investments	1.72B	3B	1.85B	2.09B	2.34B
Accounts Receivable, Total	407M	1.24B	501M	415M	371M
Other Receivables	19.73M	46.87M	38.09M	144M	70.31M
Total Receivables	427M	1.29B	539M	559M	441M
Inventory	507M	1.35B	1.3B	1.01B	614M
Other Current Assets, Total	80.06M	198M	377M	393M	344M
Total Current Assets	2.73B	5.84B	4.07B	4.05B	3.74B
Gross Property Plant And Equipment	2.43B	2.15B	2.3B	2.48B	2.27B
Accumulated Depreciation	-830M	-561M	-655M	-763M	-637M
Net Property Plant And Equipment	1.6B	1.59B	1.65B	1.71B	1.63B
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	8.41M	10.04M	39.33M	35.11M	23.46M
Deferred Tax Assets Long-Term	127M	180M	170M	165M	167M
Other Long-Term Assets, Total	388M	383M	374M	375M	332M
Total Assets	4.85B	8B	6.31B	6.34B	5.89B
Liabilities
Accounts Payable, Total	248M	608M	188M	172M	150M
Accrued Expenses, Total	214M	484M	395M	400M	344M
Short-term Borrowings	-	200M	1.01B	1.03B	780M
Current Portion of Long-Term Debt	-	-	-	2.94M	2.92M
Current Portion of Leases	31.86M	25.93M	30.62M	34.68M	21.41M
Current Income Taxes Payable	5.14M	269M	32.88M	6.94M	6.85M
Other Current Liabilities	207M	550M	357M	276M	211M
Total Current Liabilities	706M	2.14B	2.01B	1.92B	1.52B
Long-Term Debt	-	28.16M	-	65.84M	62.98M
Long-Term Leases	68.18M	48.39M	37.2M	21.25M	8.48M
Deferred Tax Liability Non Current	6.03M	7.22M	4.32M	12.55M	11.37M
Other Non Current Liabilities	55.86M	59.31M	57.4M	68.01M	68.99M
Total Liabilities	836M	2.28B	2.11B	2.09B	1.67B
Common Stock, Total	1.93B	1.93B	1.54B	1.58B	1.58B
Additional Paid In Capital	525M	611M	675M	750M	756M
Retained Earnings	363M	1.59B	1.25B	1.26B	1.23B
Treasury Stock	-	-	-478M	-478M	-517M
Comprehensive Income and Other	9.15M	540K	-7.5M	-82.74M	-65.73M
Total Common Equity	2.83B	4.13B	2.98B	3.03B	2.98B
Minority Interest	1.19B	1.59B	1.21B	1.22B	1.24B
Total Equity	4.02B	5.72B	4.19B	4.25B	4.22B
Total Liabilities And Equity	4.85B	8B	6.31B	6.34B	5.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	154M	154M	137M	141M	137M
ECS Total Common Shares Outstanding	154M	154M	137M	141M	137M
Book Value / Share	18.32	26.79	21.78	21.51	21.74
Tangible Book Value	2.82B	4.12B	2.94B	3B	2.96B
Tangible Book Value Per Share	18.26	26.72	21.49	21.26	21.57
Total Debt	100M	302M	1.08B	1.15B	876M
Net Debt	-1.62B	-2.7B	-776M	-935M	-1.46B
Debt Equivalent Oper. Leases	11.62M	3.14M	34.18M	52.38M	6.13M
Minority Interest, Total (Incl. Fin. Div)	1.19B	1.59B	1.21B	1.22B	1.24B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	3	6	6	6
Inventories - Raw Materials, Total	227M	684M	710M	521M	315M
Inventories - Work In Process, Total	59.8M	116M	96.57M	64.16M	55.13M
Inventories - Finished Goods, Total	219M	550M	498M	423M	244M
Land - (BS)	540M	540M	540M	633M	633M
Buildings, Total	1.28B	1.24B	1.26B	1.31B	1.12B
Machinery, Total	479M	279M	394M	459M	444M
Accumulated Allowance for Doubtful Accounts (Supple)	62K	101K	91K	4.12M	5.14M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.58M	1.23B	42.59M	31.07M	1.77M
Depreciation & Amortization - CF	125M	134M	152M	172M	173M
Amortization of Goodwill and Intangible Assets - (CF)	2.74M	4.11M	7.88M	18.11M	20.74M
Depreciation & Amortization, Total	127M	138M	160M	190M	194M
Amortization of Deferred Charges, Total - (CF)	3.83M	4.46M	2.1M	-	-
(Gain) Loss From Sale Of Asset	-925K	-20K	-2.91M	24K	-143M
(Gain) Loss on Sale of Investments - (CF)	-8.83M	-8.58M	-31.23M	1.2M	-2.96M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	39.26M	-	18.52M	26.42M
Provision and Write-off of Bad Debts	173K	39K	127K	4.07M	1.07M
Other Operating Activities, Total	47.06M	656M	96.23M	47.69M	109M
Change in Trading Asset Securities	-17.45M	85.69M	59.99M	11.37M	-118M
Change In Accounts Receivable	-44.98M	-842M	725M	88.29M	50.67M
Change In Inventories	-4.71M	-906M	-11.06M	337M	400M
Change In Accounts Payable	-33.63M	369M	-371M	-33.08M	-22.6M
Change in Other Net Operating Assets	111M	443M	-215M	-90.44M	-31.98M
Cash from Operations	182M	1.21B	454M	606M	463M
Capital Expenditure	-63.52M	-111M	-217M	-222M	-96.2M
Sale of Property, Plant, and Equipment	1.01M	263K	3.3M	41K	1.31M
Divestitures	-	97.56M	37.55M	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	201M
Sale (Purchase) of Intangible assets	-19K	-108K	-15.61M	-12.02M	-9.75M
Investment in Marketable and Equity Securities, Total	-	-	-155M	-	-
Other Investing Activities, Total	7.33M	2.7M	3.91M	-62.68M	53.71M
Cash from Investing	-55.2M	-10.54M	-343M	-297M	150M
Short Term Debt Issued, Total	-	200M	810M	20M	-
Long-Term Debt Issued, Total	-	29.21M	-	69M	-
Total Debt Issued	-	229M	810M	89M	-
Short Term Debt Repaid, Total	-	-	-	-	-250M
Long-Term Debt Repaid, Total	-30.14M	-34.63M	-31.98M	-34.4M	-43.19M
Total Debt Repaid	-30.14M	-34.63M	-31.98M	-34.4M	-293M
Issuance of Common Stock	-	38.91M	-	-	-
Repurchase of Common Stock	-	-38.89M	-1.34B	-	-79.4M
Common Dividends Paid	-19.29M	-19.29M	-342M	-20.61M	-27.56M
Common & Preferred Stock Dividends Paid	-19.29M	-19.29M	-342M	-20.61M	-27.56M
Other Financing Activities, Total	-18.05M	-23.9M	-237M	-187M	-67.02M
Cash from Financing	-67.48M	151M	-1.14B	-153M	-467M
Foreign Exchange Rate Adjustments	-4.89M	-10.32M	-31.02M	79.44M	-17.17M
Net Change in Cash	54.52M	1.34B	-1.06B	236M	129M
Supplemental Items
Cash Interest Paid	5.74M	5.76M	7.76M	12.84M	15.58M
Cash Income Tax Paid (Refund)	31.13M	34.29M	393M	92.39M	-20.65M
Levered Free Cash Flow	135M	635M	-60.51M	150M	466M
Unlevered Free Cash Flow	139M	639M	-55.54M	158M	477M
Change In Net Working Capital	-62.93M	588M	320M	-138M	-419M
Net Debt Issued / Repaid	-30.14M	195M	778M	54.6M	-293M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.17	18	4.69	0.73	-0.91
Return on Total Capital	0.2	22.81	5.94	0.86	-1.06
Return On Equity %	0.97	33.23	7.44	4.68	3
Return on Common Equity	0.13	35.43	1.2	1.03	0.06
Margin Analysis
Gross Profit Margin %	50.4	53.76	49.4	49.82	55.2
SG&A Margin	35.16	20.07	25.87	32.11	38.74
EBITDA Margin %	3.7	27.74	14.18	5.94	2.25
EBITA Margin %	0.54	26.3	11.54	2.31	-2.12
EBIT Margin %	0.44	26.24	11.38	1.85	-2.76
Income From Continuing Operations Margin %	1.32	22.94	7.82	4.98	3.92
Net Income Margin %	0.12	17.49	0.9	0.78	0.05
Net Avail. For Common Margin %	0.12	17.49	0.9	0.78	0.05
Normalized Net Income Margin	-0.22	11.05	-0.12	-0.7	-4.22
Levered Free Cash Flow Margin	4.58	9.01	-1.28	3.76	14.38
Unlevered Free Cash Flow Margin	4.71	9.06	-1.18	3.99	14.72
Asset Turnover
Asset Turnover	0.61	1.1	0.66	0.63	0.53
Fixed Assets Turnover	1.88	4.42	2.91	2.38	1.94
Receivables Turnover (Average Receivables)	7.61	8.55	5.41	8.68	8.25
Inventory Turnover (Average Inventory)	2.83	3.51	1.8	1.72	1.79
Short Term Liquidity
Current Ratio	3.87	2.73	2.02	2.11	2.47
Quick Ratio	3.03	2.01	1.19	1.38	1.83
Operating Cash Flow to Current Liabilities	0.26	0.57	0.23	0.32	0.31
Days Sales Outstanding (Average Receivables)	47.95	42.82	67.48	42.05	44.26
Days Outstanding Inventory (Average Inventory)	128.85	104.17	203.03	211.73	204.04
Average Days Payable Outstanding	67	38.14	62.02	38.67	55.53