Balance Sheet Bolloré SE

Equities

BOL

FR0000039299

Entertainment Production

Real-time Euronext Paris Other stock markets 08:00:27 10/09/2024 BST			5-day change	1st Jan Change
5.665 ^EUR	-0.44%		-2.58%	+0.18%

07-31	BOLLORÉ : Oddo BHF adjusts its price target	CF
07-31	BOLLORÉ : H1 24: Bolloré cash pile gives rise to fantasies

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Published financial data: BOLLORÉ SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	24.84B	24.11B	19.77B	20.68B	13.68B
Total Revenues	24.84B	24.11B	19.77B	20.68B	13.68B
Cost of Goods Sold, Total	16.71B	15.89B	13.76B	15B	9.36B
Gross Profit	8.13B	8.22B	6.01B	5.68B	4.32B
Selling General & Admin Expenses, Total	5.06B	5.05B	4.08B	3.95B	3.32B
Depreciation & Amortization - (IS)	1.81B	1.62B	1.17B	874M	571M
Other Operating Expenses	9.8M	-43.9M	-67.4M	-22.9M	-50.6M
Other Operating Expenses, Total	6.88B	6.62B	5.19B	4.8B	3.84B
Operating Income	1.25B	1.6B	827M	882M	477M
Interest Expense, Total	-272M	-238M	-187M	-136M	-210M
Interest And Investment Income	74M	73.9M	194M	110M	212M
Net Interest Expenses	-198M	-164M	7M	-26.8M	1.6M
Income (Loss) On Equity Invest.	121M	6.8M	-390M	26.5M	236M
Currency Exchange Gains (Loss)	-18.5M	-18.9M	-86.7M	7.2M	-400K
Other Non Operating Income (Expenses)	120M	688M	-83.7M	-53.1M	-37.8M
EBT, Excl. Unusual Items	1.28B	2.11B	273M	836M	676M
Gain (Loss) On Sale Of Investments	111M	143M	-20.7M	-982M	-46.5M
Gain (Loss) On Sale Of Assets	-15.8M	-10M	-12.8M	-30.6M	-19.9M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	1.37B	2.24B	240M	-177M	610M
Income Tax Expense	-34.6M	677M	409M	192M	198M
Earnings From Continuing Operations	1.41B	1.56B	-170M	-369M	412M
Earnings Of Discontinued Operations	-	-	20.39B	3.09B	154M
Net Income to Company	1.41B	1.56B	20.22B	2.72B	566M
Minority Interest	-1.17B	-1.14B	-14.16B	676M	-298M
Net Income - (IS)	237M	426M	6.06B	3.4B	268M
Net Income to Common Incl Extra Items	237M	426M	6.06B	3.4B	268M
Net Income to Common Excl. Extra Items	237M	426M	-14.33B	307M	114M
Per Share Items
Net EPS - Basic	0.08	0.15	2.07	1.16	0.09
Basic EPS - Continuing Operations	0.08	0.15	-4.89	0.1	0.04
Basic Weighted Average Shares Outstanding	2.93B	2.93B	2.93B	2.93B	2.88B
Net EPS - Diluted	0.08	0.15	2.07	1.16	0.09
Diluted EPS - Continuing Operations	0.08	0.15	-4.89	0.1	0.04
Diluted Weighted Average Shares Outstanding	2.93B	2.93B	2.94B	2.94B	2.88B
Normalized Basic EPS	-0.13	0.06	-4.77	0.41	0.04
Normalized Diluted EPS	-0.13	0.06	-4.77	0.41	0.04
Dividend Per Share	0.06	0.06	0.06	0.06	0.07
Payout Ratio	56.91	41.28	2.9	5.18	63.35
Supplemental Items
EBITDA	2.7B	2.38B	1.6B	1.63B	1.04B
EBITA	2.07B	1.94B	1.23B	1.24B	760M
EBIT	1.25B	1.6B	827M	882M	477M
EBITDAR	2.87B	2.52B	1.73B	1.72B	1.1B
Effective Tax Rate - (Ratio)	-2.52	30.23	170.8	-108.13	32.47
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-372M	180M	-13.99B	1.2B	125M
Interest on Long-Term Debt	101M	87.7M	63.8M	29M	29.6M
Non-Cash Pension Expense	-13.3M	26.8M	-27.7M	-72.1M	9.3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	76.8M	142M	133M	154M	156M
Net Rental Expense, Total	171M	138M	132M	88.9M	57.1M
Imputed Operating Lease Interest Expense	30.09M	18.81M	16.64M	10.89M	10.49M
Imputed Operating Lease Depreciation	141M	119M	115M	78.01M	46.61M
Stock-Based Comp., SG&A Exp. (Total)	4.3M	1.7M	1.3M	2.8M	4.2M
Stock-Based Comp., Other (Total)	-	-	-	11.2M	6.8M
Total Stock-Based Compensation	4.3M	1.7M	1.3M	14M	11M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.94B	2.22B	4.65B	7.9B	5.64B
Short Term Investments	23.9M	24M	212M	16M	14.9M
Trading Asset Securities, Total	211M	240M	416M	127M	318M
Total Cash And Short Term Investments	3.18B	2.48B	5.28B	8.04B	5.97B
Accounts Receivable, Total	5.03B	4.72B	5.53B	4.82B	4.98B
Other Receivables	3.11B	1.97B	1.92B	1.98B	1.85B
Notes Receivable	-	-	-	-	-
Total Receivables	8.14B	6.69B	7.44B	6.8B	6.83B
Inventory	477M	635M	596M	605M	1.31B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.64B	2.24B	1.28B	2.6B	4.49B
Total Current Assets	13.43B	12.05B	14.6B	18.05B	18.59B
Gross Property Plant And Equipment	10.36B	10.32B	9.21B	6.29B	10.13B
Accumulated Depreciation	-5.81B	-6.05B	-5.4B	-3.72B	-4.97B
Net Property Plant And Equipment	4.55B	4.27B	3.8B	2.57B	5.17B
Long-term Investments	11.12B	12.73B	25.07B	24.44B	24.2B
Goodwill	16.73B	16.06B	8.94B	7.82B	9.77B
Other Intangibles, Total	10.61B	11.82B	4.82B	4.01B	4.99B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	890M	829M	320M	319M	482M
Other Long-Term Assets, Total	830M	107M	78.2M	8M	48.8M
Total Assets	58.17B	57.87B	57.63B	57.23B	63.24B
Liabilities
Accounts Payable, Total	5.09B	4.94B	8.76B	8.24B	10B
Accrued Expenses, Total	3.21B	3.01B	852M	788M	855M
Short-term Borrowings	1.25B	895M	789M	371M	175M
Current Portion of Long-Term Debt	1.73B	3.16B	1.6B	1.21B	4B
Current Portion of Leases	310M	290M	216M	170M	576M
Current Income Taxes Payable	169M	208M	210M	132M	122M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	4.69B	4.84B	833M	1.27B	2.58B
Total Current Liabilities	16.45B	17.35B	13.26B	12.18B	18.31B
Long-Term Debt	9.29B	7.57B	6.11B	5.25B	3.25B
Long-Term Leases	1.82B	1.65B	1.31B	797M	2.54B
Pension & Other Post Retirement Benefits	1.04B	1.02B	687M	403M	433M
Deferred Tax Liability Non Current	2.71B	2.7B	1.11B	1.19B	1.41B
Other Non Current Liabilities	908M	1.59B	748M	846M	899M
Total Liabilities	32.23B	31.88B	23.21B	20.66B	26.84B
Common Stock, Total	471M	471M	472M	472M	472M
Additional Paid In Capital	1.3B	1.3B	1.3B	1.3B	1.3B
Treasury Stock	-24.8M	-24.8M	-24.8M	-35.5M	-635M
Comprehensive Income and Other	7.34B	7.33B	17.73B	21.53B	21.93B
Total Common Equity	9.09B	9.08B	19.48B	23.27B	23.08B
Minority Interest	16.85B	16.9B	14.94B	13.3B	13.33B
Total Equity	25.94B	25.98B	34.42B	36.57B	36.41B
Total Liabilities And Equity	58.17B	57.87B	57.63B	57.23B	63.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.93B	2.93B	2.93B	2.93B	2.83B
ECS Total Common Shares Outstanding	2.93B	2.93B	2.93B	2.93B	2.83B
Book Value / Share	3.1	3.1	6.64	7.93	8.14
Tangible Book Value	-18.25B	-18.8B	5.71B	11.43B	8.32B
Tangible Book Value Per Share	-6.23	-6.41	1.95	3.9	2.94
Total Debt	14.41B	13.57B	10.02B	7.79B	10.54B
Net Debt	11.23B	11.09B	4.74B	-254M	4.56B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.03B	1.01B	683M	396M	430M
Debt Equivalent Oper. Leases	1.37B	1.11B	1.05B	711M	457M
Minority Interest, Total (Incl. Fin. Div)	16.85B	16.9B	14.94B	13.3B	13.33B
Equity Method Investments, Total	4.58B	4.08B	16.43B	14.88B	13.52B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	170M	187M	209M	113M	126M
Inventories - Work In Process, Total	39.3M	57.1M	88.6M	118M	83.3M
Inventories - Finished Goods, Total	514M	574M	400M	433M	1.45B
Land - (BS)	229M	227M	234M	210M	244M
Buildings, Total	2.02B	1.97B	1.89B	1.26B	1.88B
Machinery, Total	3.64B	3.71B	3.56B	2.54B	3.35B
Full Time Employees	81.55K	76.46K	70.92K	73.56K	79.4K
Part Time Employees	2.25K	2.75K	2.49K	2.83K	11.88K
Accumulated Allowance for Doubtful Accounts (Supple)	516M	331M	286M	438M	316M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	237M	426M	6.06B	3.4B	268M
Depreciation & Amortization - CF	940M	763M	645M	652M	480M
Amortization of Goodwill and Intangible Assets - (CF)	815M	340M	406M	356M	283M
Depreciation & Amortization, Total	1.75B	1.1B	1.05B	1.01B	763M
Minority Interest in Earnings - (CF)	1.17B	1.14B	-242M	-552M	312M
(Gain) Loss From Sale Of Asset	-95.6M	-127M	54.4M	978M	61.1M
Asset Writedown & Restructuring Costs	-	-	-	-	1.8M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	518M	-	-318M
Other Operating Activities, Total	-334M	-943M	-4.92B	-3.22B	-114M
Change In Accounts Receivable	-99.1M	257M	-498M	-243M	121M
Change In Inventories	-134M	-118M	45.7M	-128M	124M
Change In Accounts Payable	-	499M	368M	435M	-122M
Change in Other Net Operating Assets	80.8M	-	-	-	-
Cash from Operations	2.58B	2.23B	2.44B	1.68B	1.1B
Capital Expenditure	-607M	-497M	-508M	-280M	-280M
Sale of Property, Plant, and Equipment	20.2M	17.6M	9.7M	10.5M	4.6M
Cash Acquisitions	-1.89B	-54.6M	-845M	4.03B	256M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-723M	-189M	-230M	-202M	-146M
Investment in Marketable and Equity Securities, Total	952M	-1.02B	-344M	607M	-437M
Other Investing Activities, Total	-	100K	100K	-100K	-100K
Cash from Investing	-2.24B	-1.75B	-1.92B	4.17B	-603M
Long-Term Debt Issued, Total	3.53B	911M	671M	285M	8M
Total Debt Issued	3.53B	911M	671M	285M	8M
Long-Term Debt Repaid, Total	-2.1B	-1.8B	-3.05B	-1.91B	-1.87B
Total Debt Repaid	-2.1B	-1.8B	-3.05B	-1.91B	-1.87B
Issuance of Common Stock	175M	22.6M	17.7M	2.6M	-
Common Dividends Paid	-135M	-176M	-176M	-176M	-170M
Common & Preferred Stock Dividends Paid	-135M	-176M	-176M	-176M	-170M
Other Financing Activities, Total	-3.53B	-238M	4.5B	-593M	-749M
Cash from Financing	-2.05B	-1.28B	1.96B	-2.39B	-2.78B
Foreign Exchange Rate Adjustments	8.9M	-136M	63.5M	23.2M	-23.6M
Miscellaneous Cash Flow Adjustments	-	700K	-100K	-44M	33.8M
Net Change in Cash	-1.71B	-924M	2.55B	3.44B	-2.28B
Supplemental Items
Cash Income Tax Paid (Refund)	446M	238M	254M	292M	194M
Levered Free Cash Flow	1.5B	1.81B	-1.39B	94.1M	1.02B
Unlevered Free Cash Flow	1.67B	1.96B	-1.27B	179M	1.15B
Change In Net Working Capital	-462M	-540M	2.1B	912M	-507M
Net Debt Issued / Repaid	1.44B	-885M	-2.38B	-1.63B	-1.86B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.38	1.72	0.89	0.96	0.5
Return on Total Capital	1.99	2.5	1.23	1.24	0.65
Return On Equity %	5.2	6.02	-0.56	-1.04	1.13
Return on Common Equity	2.59	4.68	-100.35	1.44	0.49
Margin Analysis
Gross Profit Margin %	32.74	34.08	30.41	27.46	31.56
SG&A Margin	20.37	20.95	20.63	19.08	24.26
EBITDA Margin %	10.88	9.89	8.07	7.88	7.64
EBITA Margin %	8.32	8.03	6.24	5.99	5.55
EBIT Margin %	5.04	6.62	4.18	4.27	3.49
Income From Continuing Operations Margin %	5.67	6.48	-0.86	-1.78	3.01
Net Income Margin %	0.96	1.77	30.66	16.44	1.96
Net Avail. For Common Margin %	0.96	1.77	-72.49	1.49	0.83
Normalized Net Income Margin	-1.5	0.75	-70.77	5.79	0.91
Levered Free Cash Flow Margin	6.06	7.5	-7.02	0.46	7.46
Unlevered Free Cash Flow Margin	6.74	8.11	-6.43	0.87	8.42
Asset Turnover
Asset Turnover	0.44	0.42	0.34	0.36	0.23
Fixed Assets Turnover	6.69	5.46	4.9	6.48	3.54
Receivables Turnover (Average Receivables)	4.89	4.85	3.86	4	2.73
Inventory Turnover (Average Inventory)	38.28	27.36