Cash flow Berkeley Group Holdings plc

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Published financial data: BERKELEY GROUP HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Revenues	2.2B	2.35B	2.55B	2.46B	2.49B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-
Total Revenues	2.2B	2.35B	2.55B	2.46B	2.49B
Cost of Goods Sold, Total	1.57B	1.68B	1.85B	1.82B	1.83B
Gross Profit	635M	665M	697M	644M	660M
Selling General & Admin Expenses, Total	133M	157M	178M	165M	160M
Other Operating Expenses, Total	133M	157M	178M	165M	160M
Operating Income	502M	508M	518M	480M	500M
Interest Expense, Total	-9.6M	-15M	-33.7M	-41.9M	-41.6M
Interest And Investment Income	3M	2.5M	23.1M	53.9M	55.8M
Net Interest Expenses	-6.6M	-12.5M	-10.6M	12M	14.2M
Income (Loss) On Equity Invest.	22.4M	56.1M	96.3M	65.6M	14.7M
EBT, Excl. Unusual Items	518M	552M	604M	557M	529M
EBT, Incl. Unusual Items	518M	552M	604M	557M	529M
Income Tax Expense	95.4M	69.1M	138M	160M	147M
Earnings From Continuing Operations	423M	482M	466M	398M	382M
Net Income to Company	423M	482M	466M	398M	382M
Net Income - (IS)	423M	482M	466M	398M	382M
Net Income to Common Incl Extra Items	423M	482M	466M	398M	382M
Net Income to Common Excl. Extra Items	423M	482M	466M	398M	382M
Per Share Items
Net EPS - Basic	3.81	4.33	4.42	3.88	3.72
Basic EPS - Continuing Operations	3.81	4.33	4.42	3.88	3.72
Basic Weighted Average Shares Outstanding	111M	111M	105M	103M	103M
Net EPS - Diluted	3.73	4.26	4.38	3.85	3.7
Diluted EPS - Continuing Operations	3.73	4.26	4.38	3.85	3.7
Diluted Weighted Average Shares Outstanding	113M	113M	106M	103M	103M
Normalized Basic EPS	2.92	3.09	3.59	3.4	3.22
Normalized Diluted EPS	2.86	3.05	3.55	3.37	3.2
Dividend Per Share	0.09	0.22	1.33	0.68	-
Payout Ratio	34.42	-	21.15	24.67	17.8
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	506M	512M	521M	482M	502M
EBITA	502M	508M	518M	480M	500M
EBIT	502M	508M	518M	480M	500M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	18.41	12.53	22.9	28.66	27.77
Current Domestic Taxes	91.2M	146M	142M	160M	116M
Total Current Taxes	91.2M	146M	142M	160M	116M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	4.2M	-76.8M	-3.6M	100K	30.8M
Normalized Net Income	324M	345M	378M	348M	331M
Interest on Long-Term Debt	9.6M	15M	33.7M	41.9M	41.6M
Non-Cash Pension Expense	700K	-100K	-100K	-100K	-100K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-12.3M	-8.6M	-4.5M	-800K	-2.6M
Total Stock-Based Compensation	-12.3M	-8.6M	-4.5M	-800K	-2.6M

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.43B	929M	1.07B	1.19B	1.02B
Total Cash And Short Term Investments	1.43B	929M	1.07B	1.19B	1.02B
Accounts Receivable, Total	44.1M	45.9M	48.2M	72.5M	47.2M
Other Receivables	31.8M	86.4M	22.1M	30.8M	30.2M
Total Receivables	75.9M	132M	70.3M	103M	77.4M
Inventory	3.65B	5.13B	5.3B	5.28B	5.05B
Prepaid Expenses	7.4M	17.9M	22M	23.7M	23M
Total Current Assets	5.16B	6.21B	6.46B	6.6B	6.17B
Gross Property Plant And Equipment	63.6M	64.7M	61.1M	53.5M	55.9M
Accumulated Depreciation	-14.4M	-18.4M	-21.3M	-21.2M	-24.5M
Net Property Plant And Equipment	49.2M	46.3M	39.8M	32.3M	31.4M
Long-term Investments	282M	190M	223M	227M	243M
Goodwill	17.2M	17.2M	17.2M	17.2M	17.2M
Deferred Tax Assets Long-Term	40.1M	121M	114M	117M	87.3M
Other Long-Term Assets, Total	-	-	-	-	146M
Total Assets	5.55B	6.59B	6.86B	7B	6.69B
Liabilities
Accounts Payable, Total	509M	636M	603M	737M	838M
Accrued Expenses, Total	315M	190M	189M	181M	172M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.5M	2.1M	2.2M	2.1M	2M
Current Income Taxes Payable	-	-	3.7M	-	-
Unearned Revenue Current, Total	-	148M	88.4M	52.9M	37.2M
Other Current Liabilities	856M	994M	1B	977M	788M
Total Current Liabilities	1.68B	1.97B	1.89B	1.95B	1.84B
Long-Term Debt	300M	660M	660M	660M	678M
Long-Term Leases	1.7M	3.8M	2.9M	2.3M	2.3M
Other Non Current Liabilities	393M	818M	978M	824M	616M
Total Liabilities	2.38B	3.45B	3.53B	3.44B	3.13B
Common Stock, Total	6.6M	6.5M	6.3M	6.2M	6M
Additional Paid In Capital	49.8M	49.8M	49.8M	49.8M	49.8M
Retained Earnings	4.06B	4.02B	4.21B	4.44B	4.44B
Comprehensive Income and Other	-936M	-936M	-936M	-936M	-936M
Total Common Equity	3.18B	3.14B	3.33B	3.56B	3.56B
Total Equity	3.18B	3.14B	3.33B	3.56B	3.56B
Total Liabilities And Equity	5.55B	6.59B	6.86B	7B	6.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	108M	107M	104M	102M	98.97M
ECS Total Common Shares Outstanding	108M	107M	104M	102M	98.97M
Book Value / Share	29.32	29.2	32.13	34.84	35.97
Tangible Book Value	3.16B	3.12B	3.32B	3.54B	3.54B
Tangible Book Value Per Share	29.17	29.04	31.96	34.68	35.8
Total Debt	303M	666M	665M	664M	682M
Net Debt	-1.12B	-263M	-405M	-528M	-333M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-3.2M	-2.3M	-1.7M	-1.6M	-2.3M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	282M	190M	223M	227M	243M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	331M	738M	927M	726M	554M
Inventories - Work In Process, Total	3.22B	4.26B	4.25B	4.35B	4.16B
Inventories - Finished Goods, Total	105M	141M	126M	210M	338M
Machinery, Total	23.2M	22.9M	17.3M	8.1M	8.4M
Full Time Employees	2.7K	3.03K	2.8K	2.61K	2.55K

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	423M	482M	466M	398M	382M
Depreciation & Amortization - CF	5.9M	5.6M	5.1M	4.8M	3.8M
Depreciation & Amortization, Total	5.9M	5.6M	5.1M	4.8M	3.8M
Amortization of Deferred Charges, Total - (CF)	900K	1.8M	1.7M	2M	2.2M
(Gain) Loss From Sale Of Asset	-	100K	3.7M	5.2M	100K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-22.4M	-56.1M	-96.3M	-65.6M	-14.7M
Stock-Based Compensation (CF)	-12.3M	-8.6M	-4.5M	-800K	-2.6M
Other Operating Activities, Total	6.6M	-422M	10.3M	-3.9M	37.8M
Change In Accounts Receivable	-5.1M	-61M	57.5M	-24.4M	29.4M
Change In Inventories	-97.6M	-332M	-168M	18.2M	87.9M
Change In Accounts Payable	25.5M	261M	60.5M	-99.7M	-333M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	324M	-130M	336M	233M	193M
Capital Expenditure	-2.4M	-1.3M	-2M	-1.4M	-1M
Sale of Property, Plant, and Equipment	800K	300K	800K	300K	100K
Sale (Purchase) of Real Estate properties	-	-	-	-	-2M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	2.5M	-26.7M	63.3M	62M	-1.1M
Cash from Investing	900K	-27.7M	62.1M	60.9M	-4M
Long-Term Debt Issued, Total	-	260M	-	-	17.9M
Total Debt Issued	-	260M	-	-	17.9M
Long-Term Debt Repaid, Total	-202M	-487M	-2.3M	-2.3M	-2.3M
Total Debt Repaid	-202M	-487M	-2.3M	-2.3M	-2.3M
Issuance of Common Stock	100K	400M	-	-	-
Repurchase of Common Stock	-189M	-515M	-155M	-72.3M	-130M
Common Dividends Paid	-146M	-	-98.5M	-98.1M	-68M
Common & Preferred Stock Dividends Paid	-146M	-	-98.5M	-98.1M	-68M
Special Dividend Paid	-	-	-	-	-184M
Cash from Financing	-536M	-342M	-256M	-173M	-366M
Net Change in Cash	-211M	-499M	142M	122M	-177M
Supplemental Items
Cash Interest Paid	8.1M	5.6M	21.4M	29.5M	29.6M
Cash Income Tax Paid (Refund)	90.1M	143M	134M	170M	120M
Levered Free Cash Flow	150M	-956M	109M	325M	434M
Unlevered Free Cash Flow	155M	-948M	129M	349M	458M
Change In Net Working Capital	150M	1.26B	194M	-46.8M	-146M
Net Debt Issued / Repaid	-202M	-227M	-2.3M	-2.3M	15.6M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.6	5.23	4.82	4.33	4.57
Return on Total Capital	8.86	8.72	8.31	7.29	7.38
Return On Equity %	13.47	15.29	14.4	11.54	10.73
Return on Common Equity	13.47	15.29	14.4	11.54	10.73
Margin Analysis
Gross Profit Margin %	28.85	28.31	27.32	26.15	26.56
SG&A Margin	6.04	6.68	7	6.69	6.45
EBITDA Margin %	23	21.79	20.44	19.56	20.17
EBITA Margin %	22.81	21.63	20.32	19.47	20.11
EBIT Margin %	22.81	21.63	20.32	19.47	20.11
Income From Continuing Operations Margin %	19.19	20.55	18.26	16.13	15.36
Net Income Margin %	19.19	20.55	18.26	16.13	15.36
Net Avail. For Common Margin %	19.19	20.55	18.26	16.13	15.36
Normalized Net Income Margin	14.7	14.68	14.8	14.13	13.29
Levered Free Cash Flow Margin	6.81	-40.71	4.29	13.19	17.47
Unlevered Free Cash Flow Margin	7.04	-40.39	5.05	14.17	18.43
Asset Turnover
Asset Turnover	0.39	0.39	0.38	0.36	0.36
Fixed Assets Turnover	43.96	49.17	59.24	68.36	78.07
Receivables Turnover (Average Receivables)	62.65	52.18	54.2	40.83	41.55
Inventory Turnover (Average Inventory)	0.43	0.38	0.36	0.34	0.35
Short Term Liquidity
Current Ratio	3.07	3.15	3.43	3.39	3.36
Quick Ratio	0.89	0.54	0.6	0.66	0.59
Operating Cash Flow to Current Liabilities	0.19	-0.07	0.18	0.12	0.11
Days Sales Outstanding (Average Receivables)	5.83	7	6.73	8.96	8.79
Days Outstanding Inventory (Average Inventory)	839.46	952.67	1.03K	1.06K	1.03K
Average Days Payable Outstanding	120.08	66.01	111.77	136.03	180.23
Cash Conversion Cycle (Average Days)	725.21	893.65	922.58	937.47	861.48
Long Term Solvency
Total Debt/Equity	9.55	21.23	19.96	18.66	19.16
Total Debt / Total Capital	8.72	17.51	16.64	15.73	16.08
LT Debt/Equity	9.5	21.17	19.89	18.6	19.11
Long-Term Debt / Total Capital	8.67	17.46	16.58	15.68	16.03
Total Liabilities / Total Assets	42.81	52.39	51.42	49.11	46.81
EBIT / Interest Expense	52.32	33.86	15.38	11.45	12.02
EBITDA / Interest Expense	52.94	34.23	15.53	11.56	12.11
(EBITDA - Capex) / Interest Expense	52.69	34.15	15.47	11.53	12.09
Total Debt / EBITDA	0.6	1.3	1.27	1.37	1.35
Net Debt / EBITDA	-2.21	-0.51	-0.77	-1.09	-0.66
Total Debt / (EBITDA - Capex)	0.6	1.3	1.28	1.38	1.36
Net Debt / (EBITDA - Capex)	-2.22	-0.51	-0.78	-1.09	-0.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.67	6.62	8.61	-3.37	0.9
Gross Profit, 1 Yr. Growth %	-0.33	4.64	4.81	-7.51	2.45
EBITDA, 1 Yr. Growth %	7.15	1.05	1.86	-7.52	4.07
EBITA, 1 Yr. Growth %	6.94	1.11	2.05	-7.45	4.23
EBIT, 1 Yr. Growth %	6.94	1.11	2.05	-7.45	4.23
Earnings From Cont. Operations, 1 Yr. Growth %	3.07	14.12	-3.46	-14.62	-3.92
Net Income, 1 Yr. Growth %	3.07	14.12	-3.46	-14.62	-3.92
Normalized Net Income, 1 Yr. Growth %	2.86	6.45	9.52	-7.73	-5.1
Diluted EPS Before Extra, 1 Yr. Growth %	6.09	14.26	2.67	-12.15	-3.8
Accounts Receivable, 1 Yr. Growth %	68.32	4.08	5.01	50.41	-34.9
Inventory, 1 Yr. Growth %	2.75	40.56	3.27	-0.34	-4.39
Net Property, Plant and Equip., 1 Yr. Growth %	-3.53	-5.89	-14.04	-18.84	-2.79
Total Assets, 1 Yr. Growth %	-1.74	18.65	4.13	1.99	-4.34
Tangible Book Value, 1 Yr. Growth %	2.39	-1.24	6.29	6.88	-0.02
Common Equity, 1 Yr. Growth %	2.38	-1.24	6.26	6.85	-0.02
Cash From Operations, 1 Yr. Growth %	4.95	-139.94	-359.15	-30.45	-17.27
Capital Expenditures, 1 Yr. Growth %	-75.26	-45.83	53.85	-30	-28.57
Levered Free Cash Flow, 1 Yr. Growth %	-904.49	-737.13	-111.44	205.83	33.68
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.28K	-711.3	-113.57	177.95	31.24
Dividend Per Share, 1 Yr. Growth %	-95.57	115.04	505.9	-48.73	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-13.71	10.57	7.61	2.45	-1.26
Gross Profit, 2 Yr. CAGR %	-17.18	2.13	4.73	-1.54	-2.65
EBITDA, 2 Yr. CAGR %	-18.95	4.05	1.45	-2.95	-1.9
EBITA, 2 Yr. CAGR %	-19.15	3.99	1.58	-2.82	-1.78
EBIT, 2 Yr. CAGR %	-19.15	3.99	1.58	-2.82	-1.78
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.92	8.46	4.96	-9.21	-9.43
Net Income, 2 Yr. CAGR %	-17.92	8.46	4.96	-9.21	-9.43
Normalized Net Income, 2 Yr. CAGR %	-18.25	4.64	7.97	0.52	-6.42
Diluted EPS Before Extra, 2 Yr. CAGR %	-15.88	10.1	8.31	-5.02	-8.07
Accounts Receivable, 2 Yr. CAGR %	7.3	32.36	4.55	25.68	-1.04
Inventory, 2 Yr. CAGR %	8.29	20.18	20.48	1.45	-2.39
Net Property, Plant and Equip., 2 Yr. CAGR %	7.59	-4.72	-10.06	-16.48	-11.18
Total Assets, 2 Yr. CAGR %	6.04	7.97	11.15	3.05	-1.22
Tangible Book Value, 2 Yr. CAGR %	3.54	0.56	2.45	6.59	3.37
Common Equity, 2 Yr. CAGR %	3.52	0.55	2.44	6.55	3.36
Cash From Operations, 2 Yr. CAGR %	-27.23	-35.25	1.74	34.25	-24.15
Capital Expenditures, 2 Yr. CAGR %	-64.92	-63.39	-8.71	3.77	-29.29
Levered Free Cash Flow, 2 Yr. CAGR %	-42.81	615.94	-14.62	-41.69	102.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-42.23	749.63	-8.91	-39.32	90.99
Dividend Per Share, 2 Yr. CAGR %	-42.06	-67.33	260.96	76.25	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.14	-7.4	9.92	3.82	1.93
Gross Profit, 3 Yr. CAGR %	-13.56	-10.46	3.01	0.48	-0.23
EBITDA, 3 Yr. CAGR %	-14.83	-12.76	3.32	-1.63	-0.66
EBITA, 3 Yr. CAGR %	-14.97	-12.89	3.34	-1.52	-0.52
EBIT, 3 Yr. CAGR %	-14.97	-12.89	3.34	-1.52	-0.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-19	-8.39	4.33	-2.02	-7.48
Net Income, 3 Yr. CAGR %	-19	-8.39	4.33	-2.02	-7.48
Normalized Net Income, 3 Yr. CAGR %	-19.06	-10.73	6.24	2.46	-1.39
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.65	-6.84	7.57	1.01	-4.62
Accounts Receivable, 3 Yr. CAGR %	33.11	6.22	22.53	18.02	0.94
Inventory, 3 Yr. CAGR %	3.48	18.13	14.25	13.1	-0.53
Net Property, Plant and Equip., 3 Yr. CAGR %	23.85	2.9	-7.93	-13.09	-12.14
Total Assets, 3 Yr. CAGR %	5.36	10.09	6.68	8.01	0.53
Tangible Book Value, 3 Yr. CAGR %	7.06	1.92	2.43	3.91	4.34
Common Equity, 3 Yr. CAGR %	7.01	1.91	2.42	3.89	4.31
Cash From Operations, 3 Yr. CAGR %	-23.23	-40.42	2.8	-10.38	14.25
Capital Expenditures, 3 Yr. CAGR %	-26.72	-59.45	-40.92	-16.45	-8.37
Levered Free Cash Flow, 3 Yr. CAGR %	-39.65	27.73	80.33	29.39	-23.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-39.09	26.83	113.99	31.06	-21.53
Dividend Per Share, 3 Yr. CAGR %	-53.37	-6.8	-13.52	88.33	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.47	-2.92	-2.14	-3.58	5.3
Gross Profit, 5 Yr. CAGR %	-1.97	-6.69	-6.66	-7	0.71
EBITDA, 5 Yr. CAGR %	-0.02	-7.58	-8.66	-8.96	1.2
EBITA, 5 Yr. CAGR %	-0.06	-7.65	-8.7	-8.99	1.26
EBIT, 5 Yr. CAGR %	-0.06	-7.65	-8.7	-8.99	1.26
Earnings From Cont. Operations, 5 Yr. CAGR %	0.9	-5.65	-10.16	-8.72	-1.41
Net Income, 5 Yr. CAGR %	0.9	-5.65	-10.16	-8.72	-1.41
Normalized Net Income, 5 Yr. CAGR %	-0.56	-7.45	-9.17	-6.39	0.98
Diluted EPS Before Extra, 5 Yr. CAGR %	4.35	-3.39	-7.44	-6.12	1.02
Accounts Receivable, 5 Yr. CAGR %	-25.32	-24.42	20.85	13.61	12.49
Inventory, 5 Yr. CAGR %	2.32	8.07	9.97	11.15	7.28
Net Property, Plant and Equip., 5 Yr. CAGR %	15.93	15.22	8.97	-5.34	-9.24
Total Assets, 5 Yr. CAGR %	7.66	7.76	7.64	7.22	3.44
Tangible Book Value, 5 Yr. CAGR %	11.96	8.03	5.19	3.76	2.81
Common Equity, 5 Yr. CAGR %	11.86	7.97	5.16	3.74	2.79
Cash From Operations, 5 Yr. CAGR %	119.94	-20.99	-14.08	-17.54	-8.97
Capital Expenditures, 5 Yr. CAGR %	-13.3	-14.23	-19.99	-40.95	-36.52
Levered Free Cash Flow, 5 Yr. CAGR %	78.47	21.47	-30.66	-6.66	87.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	125.47	20.97	-28.45	-5.56	103.48
Dividend Per Share, 5 Yr. CAGR %	-46.06	-30.62	8.18	20.25	-