Income Statement Club Brugge NV

Equities

CLUB

BE0974381130

Leisure & Recreation

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2023	Club Brugge NV Reports Earnings Results for the Full Year Ended June 30, 2023	CI
2022	SIMBA Chain Announces NFT Marketplace Partnership with Club Brugge	CI

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Published financial data: CLUB BRUGGE NV

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	68.87M	67.86M	65.05M	79.24M	95.37M
Other Revenues, Total	1.53M	2.65M	3.39M	3.61M	4.37M
Total Revenues	70.4M	70.51M	68.44M	82.85M	99.74M
Cost of Goods Sold, Total	1.16M	1.52M	1.29M	1.93M	2.05M
Gross Profit	69.24M	68.99M	67.14M	80.92M	97.69M
Selling General & Admin Expenses, Total	24.07M	33.18M	35.79M	49.89M	70.54M
Depreciation & Amortization - (IS)	872K	4.23M	5.25M	4.57M	4.87M
Amortization of Goodwill and Intangible Assets - (IS)	17.06M	22.08M	19.54M	23.92M	29.28M
Other Operating Expenses	20.73M	22.42M	19.72M	21.63M	28.02M
Other Operating Expenses, Total	62.73M	81.91M	80.31M	100M	133M
Operating Income	6.51M	-12.92M	-13.16M	-19.1M	-35.03M
Interest Expense, Total	-161K	-506K	-525K	-639K	-564K
Interest And Investment Income	17K	17K	2K	11K	3K
Net Interest Expenses	-144K	-489K	-523K	-628K	-561K
Other Non Operating Income (Expenses)	49K	321K	1.54M	235K	1.5M
EBT, Excl. Unusual Items	6.42M	-13.09M	-12.14M	-19.49M	-34.08M
Gain (Loss) On Sale Of Assets	7.85M	47.95M	15.09M	24.68M	51.15M
EBT, Incl. Unusual Items	14.27M	34.86M	2.95M	5.19M	17.06M
Income Tax Expense	4.53M	10.74M	1.03M	1.87M	4.72M
Earnings From Continuing Operations	9.74M	24.13M	1.92M	3.32M	12.35M
Net Income to Company	9.74M	24.13M	1.92M	3.32M	12.35M
Net Income - (IS)	9.74M	24.13M	1.92M	3.32M	12.35M
Net Income to Common Incl Extra Items	9.74M	24.13M	1.92M	3.32M	12.35M
Net Income to Common Excl. Extra Items	9.74M	24.13M	1.92M	3.32M	12.35M
Per Share Items
Net EPS - Basic	0.8	2.07	-	-	-
Basic EPS - Continuing Operations	0.8	2.07	-	-	-
Basic Weighted Average Shares Outstanding	12.22M	11.66M	-	-	-
Net EPS - Diluted	0.8	2.07	-	-	-
Diluted EPS - Continuing Operations	0.8	2.07	-	-	-
Diluted Weighted Average Shares Outstanding	12.22M	11.66M	-	-	-
Normalized Basic EPS	0.33	-0.7	-	-	-
Normalized Diluted EPS	0.33	-0.7	-	-	-
Supplemental Items
EBITDA	23.57M	9.16M	9.75M	8.22M	-2.36M
EBITA	22.02M	6.45M	6.56M	5.08M	-5.37M
EBIT	6.51M	-12.92M	-13.16M	-19.1M	-35.03M
Total Revenues (As Reported)	81.7M	120M	84.06M	115M	152M
Effective Tax Rate - (Ratio)	31.76	30.8	34.95	36.08	27.64
Total Current Taxes	3.56M	11.01M	841K	1.99M	4.17M
Total Deferred Taxes	974K	-269K	189K	-121K	551K
Normalized Net Income	4.01M	-8.18M	-7.59M	-12.18M	-21.3M
Interest on Long-Term Debt	8K	24K	73K	172K	118K
Non-Cash Pension Expense	-35K	-4K	-6K	-3K	-46K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	127K	229K
Total Stock-Based Compensation	-	-	-	127K	229K

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.72M	8.2M	8.54M	38.36M	15.23M
Total Cash And Short Term Investments	8.72M	8.2M	8.54M	38.36M	15.23M
Accounts Receivable, Total	12.61M	26.8M	20.03M	25.23M	26.83M
Other Receivables	145K	353K	504K	936K	1.16M
Total Receivables	12.75M	27.16M	20.53M	26.17M	27.99M
Inventory	340K	432K	1.14M	835K	1.35M
Prepaid Expenses	1.21M	723K	1.1M	1.13M	1.83M
Restricted Cash	-	-	20M	-	-
Other Current Assets, Total	-	400K	-	-	-
Total Current Assets	23.02M	36.91M	51.32M	66.49M	46.4M
Gross Property Plant And Equipment	31.8M	36.03M	44.48M	47.5M	51.04M
Accumulated Depreciation	-10.46M	-11.86M	-16.09M	-16.77M	-19.85M
Net Property Plant And Equipment	21.33M	24.16M	28.39M	30.73M	31.19M
Other Intangibles, Total	40.95M	50.21M	38.57M	68.16M	79.95M
Accounts Receivable Long-Term	1.86M	17.77M	20.64M	8.09M	19.8M
Other Long-Term Assets, Total	7K	4K	17K	591K	789K
Total Assets	87.18M	129M	139M	174M	178M
Liabilities
Accounts Payable, Total	8.71M	5.93M	4.52M	3.97M	4.42M
Accrued Expenses, Total	1.67M	3.59M	4.21M	5.36M	4.49M
Current Portion of Long-Term Debt	437K	654K	629K	642K	655K
Current Portion of Leases	341K	1.34M	3.37M	625K	629K
Current Income Taxes Payable	50K	5.02M	850K	-	482K
Unearned Revenue Current, Total	7.39M	9.93M	-	-	-
Other Current Liabilities	14.16M	21.4M	40.75M	42.19M	38.71M
Total Current Liabilities	32.76M	47.86M	54.33M	52.79M	49.38M
Long-Term Debt	22.89M	29.23M	28.6M	27.96M	27.31M
Long-Term Leases	1.1M	1.01M	922K	6.06M	5.98M
Pension & Other Post Retirement Benefits	530K	407K	910K	-	-
Deferred Tax Liability Non Current	1.19M	971K	1.03M	1.15M	1.69M
Other Non Current Liabilities	4.98M	2.95M	4.96M	13.82M	12.17M
Total Liabilities	63.45M	82.43M	90.75M	102M	96.52M
Common Stock, Total	4.04M	15.25M	15.25M	35.25M	34.72M
Additional Paid In Capital	11.21M	-	-	-	-
Retained Earnings	8.9M	31.75M	-	-	-
Comprehensive Income and Other	-420K	-366K	32.92M	37.02M	46.9M
Total Common Equity	23.73M	46.63M	48.17M	72.27M	81.61M
Total Equity	23.73M	46.63M	48.17M	72.27M	81.61M
Total Liabilities And Equity	87.18M	129M	139M	174M	178M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.22M	11.47M	-	-	-
ECS Total Common Shares Outstanding	12.22M	11.47M	-	-	-
Book Value / Share	1.94	4.07	-	-	-
Tangible Book Value	-17.22M	-3.58M	9.6M	4.11M	1.66M
Tangible Book Value Per Share	-1.41	-0.31	-	-	-
Total Debt	24.76M	32.23M	33.52M	35.29M	34.57M
Net Debt	16.04M	24.04M	24.98M	-3.07M	19.34M
Debt Equivalent of Unfunded Proj. Benefit Obligation	530K	407K	910K	0	0
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Finished Goods, Total	446K	752K	1.26M	847K	1.4M
Land - (BS)	9.97M	10.54M	11.24M	10.75M	10.92M
Machinery, Total	19.89M	21.64M	23.62M	24.25M	25.06M
Full Time Employees	-	120	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	173K	25K	59K	143K	56K

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	9.74M	24.13M	1.92M	3.32M	12.35M
Depreciation & Amortization - CF	2.43M	6.94M	5.06M	4.31M	4.48M
Amortization of Goodwill and Intangible Assets - (CF)	15.5M	19.37M	19.73M	24.18M	29.66M
Depreciation & Amortization, Total	17.93M	26.31M	24.79M	28.49M	34.14M
(Gain) Loss From Sale Of Asset	-7.85M	-47.95M	-15.09M	-24.68M	-51.15M
Other Operating Activities, Total	1.05M	4.96M	-5.31M	-1.05M	2.19M
Change In Accounts Receivable	-1.3M	363K	-129K	805K	-3.17M
Change In Inventories	-205K	-412K	-828K	294K	-454K
Change In Accounts Payable	684K	1.59M	864K	-93K	912K
Change in Unearned Revenues	704K	2.54M	-1.14M	-309K	-188K
Change in Other Net Operating Assets	-4K	418K	658K	-153K	-325K
Cash from Operations	20.75M	11.94M	5.74M	6.62M	-5.7M
Capital Expenditure	-11.23M	-7.14M	-7.13M	-2.44M	-4.54M
Sale (Purchase) of Intangible assets	-7.82M	-6.36M	3.44M	7.47M	-7.29M
Other Investing Activities, Total	17K	17K	-53K	-13K	-5K
Cash from Investing	-19.03M	-13.49M	-3.75M	5.02M	-11.83M
Long-Term Debt Issued, Total	8.83M	6.02M	-	-	-
Total Debt Issued	8.83M	6.02M	-	-	-
Long-Term Debt Repaid, Total	-1.91M	-4.66M	-2.52M	-1.75M	-642K
Total Debt Repaid	-1.91M	-4.66M	-2.52M	-1.75M	-642K
Repurchase of Common Stock	-	-309K	-	-	-1.4M
Other Financing Activities, Total	-15K	-25K	20.88M	-72K	-3.56M
Cash from Financing	6.9M	1.03M	18.36M	-1.82M	-5.6M
Miscellaneous Cash Flow Adjustments	3K	1K	-	-1K	-
Net Change in Cash	8.63M	-522K	20.35M	9.82M	-23.13M
Supplemental Items
Cash Interest Paid	24K	506K	478K	639K	565K
Cash Income Tax Paid (Refund)	3.96M	6.04M	5.01M	3.68M	3M
Levered Free Cash Flow	2.03M	3.88M	2.94M	37.15M	-6.17M
Unlevered Free Cash Flow	2.13M	4.2M	3.27M	37.55M	-5.82M
Change In Net Working Capital	817K	528K	9.6M	-15.84M	6.47M
Net Debt Issued / Repaid	6.92M	1.37M	-2.52M	-1.75M	-642K

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.17	-7.47	-6.14	-7.63	-12.43
Return on Total Capital	10.21	-12.68	-10.25	-12.62	-19.57
Return On Equity %	51.23	68.58	4.04	5.51	16.05
Return on Common Equity	51.23	68.58	4.04	5.51	16.05
Margin Analysis
Gross Profit Margin %	98.35	97.84	98.11	97.67	97.95
SG&A Margin	34.19	47.06	52.3	60.22	70.72
EBITDA Margin %	33.48	12.99	14.25	9.93	-2.36
EBITA Margin %	31.27	9.15	9.59	6.13	-5.39
EBIT Margin %	9.25	-18.32	-19.23	-23.06	-35.12
Income From Continuing Operations Margin %	13.83	34.22	2.8	4	12.38
Net Income Margin %	13.83	34.22	2.8	4	12.38
Net Avail. For Common Margin %	13.83	34.22	2.8	4	12.38
Normalized Net Income Margin	5.7	-11.6	-11.09	-14.71	-21.36
Levered Free Cash Flow Margin	2.89	5.5	4.3	44.84	-6.19
Unlevered Free Cash Flow Margin	3.03	5.95	4.78	45.32	-5.83
Asset Turnover
Asset Turnover	0.89	0.65	0.51	0.53	0.57
Fixed Assets Turnover	4.78	3.1	2.6	2.8	3.22
Receivables Turnover (Average Receivables)	5.76	3.44	2.78	3.5	3.66
Inventory Turnover (Average Inventory)	4.22	3.94	1.64	1.96	1.88
Short Term Liquidity
Current Ratio	0.7	0.77	0.94	1.26	0.94
Quick Ratio	0.66	0.74	0.54	1.22	0.88
Operating Cash Flow to Current Liabilities	0.63	0.25	0.11	0.13	-0.12
Days Sales Outstanding (Average Receivables)	63.37	106.28	131.39	104.24	99.62
Days Outstanding Inventory (Average Inventory)	86.47	92.88	222.02	186.66	194.35
Average Days Payable Outstanding	1.51K	1.66K	952.34	952.23	597.92
Cash Conversion Cycle (Average Days)	-1.36K	-1.46K	-598.92	-661.34	-303.95
Long Term Solvency
Total Debt/Equity	104.35	69.13	69.59	48.82	42.36
Total Debt / Total Capital	51.06	40.87	41.03	32.81	29.76
LT Debt/Equity	101.07	64.86	61.29	47.07	40.79
Long-Term Debt / Total Capital	49.46	38.35	36.14	31.63	28.65
Total Liabilities / Total Assets	72.78	63.87	65.33	58.48	54.18
EBIT / Interest Expense	40.45	-25.53	-25.07	-29.89	-62.1
EBITDA / Interest Expense	151.81	26.46	22.14	14.7	-1.57
(EBITDA - Capex) / Interest Expense	82.05	12.34	8.56	10.88	-9.62
Total Debt / EBITDA	1.01	2.41	2.88	3.76	-38.93
Net Debt / EBITDA	0.66	1.8	2.15	-0.33	-21.78
Total Debt / (EBITDA - Capex)	1.87	5.16	7.46	5.07	-6.37
Net Debt / (EBITDA - Capex)	1.21	3.85	5.56	-0.44	-3.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	95.46	0.15	-2.94	21.06	20.38
Gross Profit, 1 Yr. Growth %	99.6	-0.36	-2.68	20.51	20.72
EBITDA, 1 Yr. Growth %	-551.19	-61.14	6.45	-15.67	-126.85
EBITA, 1 Yr. Growth %	-425.1	-70.69	1.72	-22.58	-211.48
EBIT, 1 Yr. Growth %	-135.37	-298.34	1.9	45.11	83.38
Earnings From Cont. Operations, 1 Yr. Growth %	-12.12K	147.78	-92.05	72.98	272.38
Net Income, 1 Yr. Growth %	-12.12K	147.78	-92.05	72.98	272.38
Normalized Net Income, 1 Yr. Growth %	-134.77	-303.9	-7.2	60.52	74.84
Diluted EPS Before Extra, 1 Yr. Growth %	-12.12K	159.72	-	-	-
Accounts Receivable, 1 Yr. Growth %	11.51	112.62	-25.28	25.97	6.32
Inventory, 1 Yr. Growth %	60.38	27.06	164.12	-26.82	61.2
Net Property, Plant and Equip., 1 Yr. Growth %	162.06	13.26	17.49	8.24	1.51
Total Assets, 1 Yr. Growth %	24.11	48.04	7.65	25.29	2.34
Tangible Book Value, 1 Yr. Growth %	-42.82	-79.21	-368.27	-57.2	-59.62
Common Equity, 1 Yr. Growth %	66.09	96.5	3.31	50.03	12.92
Cash From Operations, 1 Yr. Growth %	-905.83	-42.47	-51.93	15.32	-186.08
Capital Expenditures, 1 Yr. Growth %	443.66	-36.39	-0.15	-65.83	86.01
Levered Free Cash Flow, 1 Yr. Growth %	-	90.8	-24.18	1.16K	-116.37
Unlevered Free Cash Flow, 1 Yr. Growth %	-	96.63	-22.08	1.05K	-115.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	39.91	-1.41	8.4	20.72
Gross Profit, 2 Yr. CAGR %	-	41.03	-1.53	8.3	20.62
EBITDA, 2 Yr. CAGR %	-	32.42	-35.68	-5.25	-50.86
EBITA, 2 Yr. CAGR %	-	-2.38	-45.4	-11.26	-9.54
EBIT, 2 Yr. CAGR %	-	-16.24	42.16	21.6	63.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-	1.63K	-55.63	-62.93	153.8
Net Income, 2 Yr. CAGR %	-	1.63K	-55.63	-62.93	153.8
Normalized Net Income, 2 Yr. CAGR %	-	-15.81	37.56	22.05	67.53
Diluted EPS Before Extra, 2 Yr. CAGR %	-	1.67K	-	-	-
Accounts Receivable, 2 Yr. CAGR %	-	53.98	26.04	-2.98	15.73
Inventory, 2 Yr. CAGR %	-	42.75	83.19	39.03	8.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-	72.28	15.36	12.77	4.82
Total Assets, 2 Yr. CAGR %	-	35.55	26.24	16.13	13.24
Tangible Book Value, 2 Yr. CAGR %	-	-65.53	-25.33	7.16	-58.43
Common Equity, 2 Yr. CAGR %	-	80.65	42.48	24.5	30.16
Cash From Operations, 2 Yr. CAGR %	-	115.31	-47.41	-25.55	-0.37
Capital Expenditures, 2 Yr. CAGR %	-	85.97	-20.3	-41.59	-20.27
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	20.28	209.48	44.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	23.78	199.18	33.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	23.86	5.58	12.25
Gross Profit, 3 Yr. CAGR %	-	-	24.63	5.33	12.29
EBITDA, 3 Yr. CAGR %	-	-	23.13	-29.6	-36.41
EBITA, 3 Yr. CAGR %	-	-	-1.03	-38.66	-5.93
EBIT, 3 Yr. CAGR %	-	-	-10.58	43.14	39.44
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	187.11	-30.17	-20.01
Net Income, 3 Yr. CAGR %	-	-	187.11