Cash flow Coca-Cola Hellenic

Equities

CCH

CH0198251305

Non-Alcoholic Beverages

Real-time Estimate Cboe Europe Other stock markets 16:30:00 17/09/2024 BST			5-day change	1st Jan Change
2,797.00 ^GBX	-0.18%		-1.55%	+21.56%

09-16	Coca-Cola HBC AG Announces Committee Changes	CI
09-16	Coca-Cola HBC AG Approves Election of Elizabeth Bastoni as Member of Board of Directors and Remuneration Committee	CI

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Published financial data: COCA-COLA HELLENIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.03B	6.13B	7.17B	9.2B	10.18B
Total Revenues	7.03B	6.13B	7.17B	9.2B	10.18B
Cost of Goods Sold, Total	4.38B	3.81B	4.57B	6.05B	6.63B
Gross Profit	2.65B	2.32B	2.6B	3.15B	3.56B
Selling General & Admin Expenses, Total	1.89B	1.67B	1.8B	2.26B	2.6B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	1.89B	1.67B	1.8B	2.26B	2.6B
Operating Income	756M	649M	800M	882M	959M
Interest Expense, Total	-71.3M	-71.8M	-67.1M	-77.8M	-86.3M
Interest And Investment Income	6.3M	3.8M	5.3M	13.2M	55.7M
Net Interest Expenses	-65M	-68M	-61.8M	-64.6M	-30.6M
Income (Loss) On Equity Invest.	13M	24.7M	37.6M	44.1M	14.7M
Currency Exchange Gains (Loss)	500K	-300K	-4.1M	-16M	-15.9M
Other Non Operating Income (Expenses)	-2.6M	-1.8M	-1.7M	-2.1M	-1.8M
EBT, Excl. Unusual Items	702M	604M	770M	844M	926M
Restructuring Charges	-37.8M	-9.8M	-21.2M	-71.2M	-9M
Merger & Related Restructuring Charges	-3.2M	-	-14.3M	-9.2M	-6.3M
Impairment of Goodwill	-	-	-	-13.7M	-
Gain (Loss) On Sale Of Investments	-	-	-	-74.4M	-
Asset Writedown	-	-	-	-1.6M	-
Other Unusual Items	-	-	-	-50M	-
EBT, Incl. Unusual Items	661M	594M	735M	624M	910M
Income Tax Expense	173M	179M	187M	208M	275M
Earnings From Continuing Operations	488M	415M	548M	416M	636M
Net Income to Company	488M	415M	548M	416M	636M
Minority Interest	-500K	-100K	-300K	-200K	800K
Net Income - (IS)	488M	415M	547M	415M	636M
Net Income to Common Incl Extra Items	488M	415M	547M	415M	636M
Net Income to Common Excl. Extra Items	488M	415M	547M	415M	636M
Per Share Items
Net EPS - Basic	1.34	1.14	1.5	1.13	1.73
Basic EPS - Continuing Operations	1.34	1.14	1.5	1.13	1.73
Basic Weighted Average Shares Outstanding	364M	364M	365M	366M	368M
Net EPS - Diluted	1.33	1.14	1.49	1.13	1.73
Diluted EPS - Continuing Operations	1.33	1.14	1.49	1.13	1.73
Diluted Weighted Average Shares Outstanding	366M	365M	366M	367M	368M
Normalized Basic EPS	1.21	1.04	1.32	1.44	1.58
Normalized Diluted EPS	1.2	1.03	1.31	1.44	1.57
Dividend Per Share	0.62	0.64	0.71	0.78	0.93
Payout Ratio	42.45	54.4	42.69	62.64	45.12
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.08B	967M	1.08B	1.22B	1.29B
EBITA	757M	650M	801M	884M	961M
EBIT	756M	649M	800M	882M	959M
EBITDAR	1.11B	989M	1.1B	1.26B	1.33B
Effective Tax Rate - (Ratio)	26.19	30.12	25.5	33.35	30.17
Total Current Taxes	186M	112M	184M	236M	274M
Total Deferred Taxes	-12.4M	67.4M	3.9M	-27.6M	1.1M
Normalized Net Income	438M	377M	481M	527M	579M
Interest on Long-Term Debt	12.8M	11.4M	9.9M	16.4M	16.1M
Non-Cash Pension Expense	3.2M	-5.8M	5.2M	3.1M	2.4M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	1.48B	1.28B	1.41B	1.74B	1.89B
General and Administrative Expenses	412M	388M	386M	518M	709M
Net Rental Expense, Total	29.5M	21.9M	23.9M	36M	47.2M
Imputed Operating Lease Interest Expense	6.83M	4.03M	4.38M	7.05M	9.52M
Imputed Operating Lease Depreciation	22.67M	17.87M	19.52M	28.95M	37.68M
Stock-Based Comp., SG&A Exp. (Total)	5.5M	4.9M	6.4M	8M	9.3M
Stock-Based Comp., Other (Total)	12M	10.6M	13.7M	13.6M	18M
Total Stock-Based Compensation	17.5M	15.5M	20.1M	21.6M	27.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	823M	1.22B	783M	720M	1.26B
Short Term Investments	357M	92.9M	196M	530M	54.8M
Trading Asset Securities, Total	372M	-	639M	497M	516M
Total Cash And Short Term Investments	1.55B	1.31B	1.62B	1.75B	1.83B
Accounts Receivable, Total	838M	606M	766M	861M	916M
Other Receivables	123M	110M	134M	201M	177M
Notes Receivable	11.4M	9.4M	11.3M	13M	9.4M
Total Receivables	972M	726M	911M	1.08B	1.1B
Inventory	488M	418M	520M	770M	773M
Prepaid Expenses	60.8M	61.4M	69.4M	88.6M	104M
Other Current Assets, Total	3.1M	13.5M	39.3M	35.4M	98.9M
Total Current Assets	3.08B	2.53B	3.16B	3.72B	3.91B
Gross Property Plant And Equipment	6.1B	5.81B	6.19B	6.87B	6.5B
Accumulated Depreciation	-3.36B	-3.2B	-3.36B	-3.6B	-3.44B
Net Property Plant And Equipment	2.74B	2.62B	2.83B	3.27B	3.06B
Long-term Investments	153M	325M	373M	214M	216M
Goodwill	1.77B	1.7B	1.76B	1.93B	1.82B
Other Intangibles, Total	332M	282M	284M	616M	748M
Accounts Receivable Long-Term	2M	900K	100K	100K	100K
Loans Receivable Long-Term	1.9M	500K	1M	800K	2.2M
Deferred Tax Assets Long-Term	64.5M	35.1M	31M	37.5M	41.5M
Other Long-Term Assets, Total	68.6M	81.8M	77.7M	78.1M	83.6M
Total Assets	8.21B	7.57B	8.51B	9.86B	9.88B
Liabilities
Accounts Payable, Total	897M	868M	1B	1.22B	1.39B
Accrued Expenses, Total	713M	624M	864M	1.09B	1.11B
Short-term Borrowings	122M	200M	235M	168M	214M
Current Portion of Long-Term Debt	583M	60.4M	95.8M	116M	679M
Current Portion of Leases	56.3M	54.8M	50.9M	53.9M	55.3M
Current Income Taxes Payable	126M	58.6M	80.1M	114M	154M
Unearned Revenue Current, Total	7.2M	10.5M	11.8M	14.7M	15M
Other Current Liabilities	163M	150M	175M	237M	235M
Total Current Liabilities	2.67B	2.03B	2.52B	3.01B	3.85B
Long-Term Debt	2.41B	2.48B	2.45B	2.93B	2.32B
Long-Term Leases	155M	129M	109M	152M	155M
Pension & Other Post Retirement Benefits	114M	111M	116M	104M	106M
Deferred Tax Liability Non Current	160M	182M	198M	265M	250M
Other Non Current Liabilities	9.7M	10M	11.9M	12.1M	14.1M
Total Liabilities	5.51B	4.94B	5.4B	6.47B	6.69B
Common Stock, Total	2.01B	2.01B	2.02B	2.02B	2.03B
Additional Paid In Capital	3.55B	3.32B	3.1B	2.84B	2.56B
Retained Earnings	4.68B	5.09B	5.65B	6.14B	6.75B
Treasury Stock	-170M	-156M	-147M	-131M	-144M
Comprehensive Income and Other	-7.37B	-7.64B	-7.51B	-7.58B	-8.1B
Total Common Equity	2.7B	2.63B	3.11B	3.28B	3.09B
Minority Interest	2.7M	2.6M	2.6M	103M	93.9M
Total Equity	2.7B	2.63B	3.12B	3.39B	3.19B
Total Liabilities And Equity	8.21B	7.57B	8.51B	9.86B	9.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	363M	364M	366M	367M	367M
ECS Total Common Shares Outstanding	363M	364M	366M	367M	367M
Book Value / Share	7.43	7.22	8.51	8.95	8.43
Tangible Book Value	592M	645M	1.07B	740M	524M
Tangible Book Value Per Share	1.63	1.77	2.93	2.02	1.43
Total Debt	3.32B	2.93B	2.94B	3.42B	3.42B
Net Debt	1.77B	1.62B	1.32B	1.67B	1.59B
Debt Equivalent of Unfunded Proj. Benefit Obligation	74.7M	56.8M	6.9M	-33.4M	-25.6M
Debt Equivalent Oper. Leases	236M	175M	191M	288M	378M
Minority Interest, Total (Incl. Fin. Div)	2.7M	2.6M	2.6M	103M	93.9M
Equity Method Investments, Total	148M	314M	366M	206M	197M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	257M	235M	276M	439M	406M
Inventories - Finished Goods, Total	231M	183M	244M	331M	368M
Land - (BS)	1.49B	1.41B	1.53B	1.75B	1.6B
Machinery, Total	3.81B	3.6B	3.89B	4.17B	3.96B
Full Time Employees	28K	27.72K	36K	33K	32.7K
Accumulated Allowance for Doubtful Accounts (Supple)	93.4M	88.1M	76.3M	75.9M	79.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	488M	415M	547M	415M	636M
Depreciation & Amortization - CF	375M	372M	330M	403M	385M
Amortization of Goodwill and Intangible Assets - (CF)	700K	900K	1M	1.4M	1.4M
Depreciation & Amortization, Total	376M	373M	331M	405M	386M
(Gain) Loss From Sale Of Asset	-6.2M	-1.4M	-28.4M	1.5M	-1.3M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	52.8M	-
Asset Writedown & Restructuring Costs	10M	15.6M	6M	95.2M	127M
(Income) Loss On Equity Investments - (CF)	-13M	-24.7M	-37.6M	-44.1M	-14.7M
Stock-Based Compensation (CF)	9.9M	9.5M	14.9M	16.5M	20.4M
Other Operating Activities, Total	29.3M	65.9M	113M	166M	96.3M
Change In Accounts Receivable	-18M	178M	-109M	-105M	-213M
Change In Inventories	14.2M	9.4M	-114M	-241M	-143M
Change In Accounts Payable	37M	-79.6M	419M	473M	491M
Cash from Operations	926M	962M	1.14B	1.23B	1.39B
Capital Expenditure	-473M	-419M	-506M	-523M	-611M
Sale of Property, Plant, and Equipment	35.1M	13.4M	35.8M	7.5M	7.2M
Cash Acquisitions	-138M	-	-5.6M	-399M	-180M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-484M	647M	-782M	-190M	481M
Net (Increase) Decrease in Loans Originated / Sold - Investing	5.8M	-	-	-	-
Other Investing Activities, Total	5.9M	-2.3M	-1.2M	21.8M	33.8M
Cash from Investing	-1.05B	239M	-1.26B	-1.08B	-269M
Long-Term Debt Issued, Total	1.84B	212M	129M	650M	136M
Total Debt Issued	1.84B	212M	129M	650M	136M
Long-Term Debt Repaid, Total	-418M	-714M	-197M	-424M	-149M
Total Debt Repaid	-418M	-714M	-197M	-424M	-149M
Issuance of Common Stock	21.4M	7.6M	19.6M	4.7M	14.2M
Repurchase of Common Stock	-193M	-	-	-	-42.6M
Common Dividends Paid	-207M	-226M	-234M	-260M	-287M
Common & Preferred Stock Dividends Paid	-207M	-226M	-234M	-260M	-287M
Special Dividend Paid	-726M	-	-	-	-
Other Financing Activities, Total	-90.2M	-66M	-40.8M	-169M	-84.4M
Cash from Financing	228M	-787M	-322M	-199M	-412M
Foreign Exchange Rate Adjustments	5.8M	-21M	6.3M	-15.7M	-165M
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Change in Cash	111M	393M	-433M	-62.9M	541M
Supplemental Items
Cash Interest Paid	71.8M	64.7M	45.5M	60.4M	76.2M
Cash Income Tax Paid (Refund)	212M	183M	142M	196M	226M
Levered Free Cash Flow	292M	442M	406M	510M	468M
Unlevered Free Cash Flow	336M	487M	448M	559M	522M
Change In Net Working Capital	56.4M	-112M	-103M	-105M	-119M
Net Debt Issued / Repaid	1.42B	-503M	-67.6M	226M	-12.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.27	5.14	6.22	6	6.08
Return on Total Capital	8.8	7	8.62	8.58	8.94
Return On Equity %	16.78	15.56	19.04	12.78	19.34
Return on Common Equity	16.79	15.57	19.05	12.99	19.97
Margin Analysis
Gross Profit Margin %	37.65	37.86	36.25	34.19	34.93
SG&A Margin	26.89	27.27	25.08	24.6	25.51
EBITDA Margin %	15.36	15.78	15.04	13.32	12.63
EBITA Margin %	10.77	10.6	11.18	9.61	9.43
EBIT Margin %	10.76	10.59	11.17	9.59	9.42
Income From Continuing Operations Margin %	6.95	6.77	7.64	4.52	6.24
Net Income Margin %	6.94	6.77	7.63	4.52	6.25
Net Avail. For Common Margin %	6.94	6.77	7.63	4.52	6.25
Normalized Net Income Margin	6.24	6.15	6.71	5.73	5.69
Levered Free Cash Flow Margin	4.15	7.21	5.67