Balance Sheet Elior Group

Equities

ELIOR

FR0011950732

Restaurants & Bars

Market Closed - Euronext Paris Other stock markets 16:39:44 06/09/2024 BST			5-day change	1st Jan Change
3.296 ^EUR	-4.90%		+0.43%	+12.41%

07-19	Elior Group SA acquired Demoulin Traiteur.	CI
06-17	ELIOR : No pay, no gain

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Published financial data: ELIOR GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	4.92B	3.97B	3.69B	4.45B	5.22B
Total Revenues	4.92B	3.97B	3.69B	4.45B	5.22B
Cost of Goods Sold, Total	3.99B	3.36B	3.13B	3.8B	4.44B
Gross Profit	933M	603M	558M	654M	786M
Depreciation & Amortization - (IS)	122M	178M	167M	156M	152M
Amortization of Goodwill and Intangible Assets - (IS)	21M	20M	18M	18M	20M
Other Operating Expenses	632M	492M	460M	550M	583M
Other Operating Expenses, Total	775M	690M	645M	724M	755M
Operating Income	158M	-87M	-87M	-70M	31M
Interest Expense, Total	-74M	-34M	-44M	-50M	-80M
Interest And Investment Income	3M	5M	5M	4M	3M
Net Interest Expenses	-71M	-29M	-39M	-46M	-77M
Income (Loss) On Equity Invest.	-	-3M	-1M	-	-
Currency Exchange Gains (Loss)	15M	-2M	1M	12M	-1M
Other Non Operating Income (Expenses)	-1M	-1M	-5M	-3M	2M
EBT, Excl. Unusual Items	101M	-122M	-131M	-107M	-45M
Restructuring Charges	-	-103M	-5M	-74M	-34M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-123M	-	-206M	-47M
Gain (Loss) On Sale Of Investments	-10M	-6M	-	12M	-
Asset Writedown	-4M	-12M	6M	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-23M	-1M	-2M	-29M	-
EBT, Incl. Unusual Items	64M	-367M	-132M	-404M	-126M
Income Tax Expense	-4M	83M	-12M	36M	-29M
Earnings From Continuing Operations	68M	-450M	-120M	-440M	-97M
Earnings Of Discontinued Operations	202M	-37M	14M	-	-
Net Income to Company	270M	-487M	-106M	-440M	-97M
Minority Interest	1M	4M	6M	13M	4M
Net Income - (IS)	271M	-483M	-100M	-427M	-93M
Net Income to Common Incl Extra Items	271M	-483M	-100M	-427M	-93M
Net Income to Common Excl. Extra Items	69M	-446M	-114M	-427M	-93M
Per Share Items
Net EPS - Basic	1.54	-2.78	-0.58	-2.48	-0.45
Basic EPS - Continuing Operations	0.39	-2.57	-0.66	-2.48	-0.45
Basic Weighted Average Shares Outstanding	176M	174M	172M	172M	209M
Net EPS - Diluted	1.52	-2.78	-0.59	-2.48	-0.45
Diluted EPS - Continuing Operations	0.38	-2.57	-0.67	-2.48	-0.45
Diluted Weighted Average Shares Outstanding	177M	174M	174M	172M	209M
Normalized Basic EPS	0.36	-0.42	-0.44	-0.31	-0.12
Normalized Diluted EPS	0.36	-0.42	-0.44	-0.31	-0.12
Dividend Per Share	0.29	-	-	-	-
Payout Ratio	12.18	-10.35	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	286M	16M	50M	40M	124M
EBITA	205M	-65M	-65M	-19M	53M
EBIT	158M	-87M	-87M	-70M	31M
EBITDAR	-	-	-	89M	171M
Effective Tax Rate - (Ratio)	-6.25	-22.62	9.09	-8.91	23.02
Total Current Taxes	25M	15M	9M	15M	11M
Total Deferred Taxes	-30M	68M	-20M	21M	-40M
Normalized Net Income	64.12M	-72.25M	-75.88M	-53.88M	-24.12M
Interest on Long-Term Debt	-	7M	11M	11M	7M
Non-Cash Pension Expense	3M	-7M	2M	-5M	0
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	49M	47M
Imputed Operating Lease Interest Expense	-	-	-	16.03M	22.26M
Imputed Operating Lease Depreciation	-	-	-	32.97M	24.74M
Stock-Based Comp., COGS (Total)	-5M	-	5M	3M	6M
Total Stock-Based Compensation	-5M	-	5M	3M	6M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	83M	41M	80M	64M	45M
Total Cash And Short Term Investments	83M	41M	80M	64M	45M
Accounts Receivable, Total	552M	485M	501M	568M	798M
Other Receivables	108M	53M	97M	30M	127M
Total Receivables	660M	538M	598M	598M	925M
Inventory	94M	102M	96M	99M	107M
Prepaid Expenses	33M	37M	36M	42M	48M
Other Current Assets, Total	71M	138M	71M	144M	81M
Total Current Assets	941M	856M	881M	947M	1.21B
Gross Property Plant And Equipment	1.01B	1.24B	1.34B	1.21B	1.36B
Accumulated Depreciation	-624M	-690M	-828M	-782M	-890M
Net Property Plant And Equipment	390M	550M	516M	430M	473M
Long-term Investments	17M	5M	6M	13M	13M
Goodwill	1.85B	1.72B	1.73B	1.58B	1.68B
Other Intangibles, Total	262M	221M	197M	155M	257M
Loans Receivable Long-Term	71M	75M	77M	78M	80M
Deferred Tax Assets Long-Term	209M	74M	86M	69M	84M
Other Long-Term Assets, Total	27M	39M	42M	30M	40M
Total Assets	3.77B	3.54B	3.54B	3.3B	3.83B
Liabilities
Accounts Payable, Total	550M	448M	521M	575M	646M
Accrued Expenses, Total	497M	544M	505M	476M	660M
Short-term Borrowings	4M	1M	17M	5M	67M
Current Portion of Long-Term Debt	3M	1M	5M	6M	68M
Current Portion of Leases	9M	58M	58M	54M	67M
Current Income Taxes Payable	15M	1M	2M	1M	8M
Unearned Revenue Current, Total	60M	70M	60M	55M	71M
Other Current Liabilities	100M	168M	94M	95M	63M
Total Current Liabilities	1.24B	1.29B	1.26B	1.27B	1.65B
Long-Term Debt	589M	787M	905M	1.06B	1.07B
Long-Term Leases	22M	192M	188M	145M	155M
Pension & Other Post Retirement Benefits	104M	96M	89M	59M	74M
Deferred Tax Liability Non Current	60M	-	-	-	-
Other Non Current Liabilities	85M	41M	36M	35M	34M
Total Liabilities	2.1B	2.41B	2.48B	2.57B	2.99B
Common Stock, Total	2M	2M	2M	2M	3M
Additional Paid In Capital	1.41B	1.66B	1.19B	1.15B	926M
Retained Earnings	271M	-482M	-100M	-427M	-93M
Comprehensive Income and Other	-17M	-40M	-32M	49M	11M
Total Common Equity	1.67B	1.14B	1.06B	772M	847M
Minority Interest	2M	-3M	-8M	-41M	-1M
Total Equity	1.67B	1.13B	1.06B	731M	846M
Total Liabilities And Equity	3.77B	3.54B	3.54B	3.3B	3.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	174M	172M	171M	172M	253M
ECS Total Common Shares Outstanding	174M	172M	171M	172M	253M
Book Value / Share	9.59	6.59	6.24	4.48	3.35
Tangible Book Value	-445M	-805M	-864M	-960M	-1.09B
Tangible Book Value Per Share	-2.56	-4.67	-5.06	-5.57	-4.31
Total Debt	627M	1.04B	1.17B	1.27B	1.43B
Net Debt	544M	998M	1.09B	1.21B	1.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	113M	104M	98M	63M	81M
Debt Equivalent Oper. Leases	-	-	-	392M	376M
Minority Interest, Total (Incl. Fin. Div)	2M	-3M	-8M	-41M	-1M
Equity Method Investments, Total	1M	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	7M	8M	7M	6M	6M
Buildings, Total	92M	87M	86M	88M	93M
Machinery, Total	494M	450M	462M	435M	479M
Full Time Employees	110K	51.94K	98.76K	49.78K	133K
Part Time Employees	-	53.35K	-	45.22K	-
Accumulated Allowance for Doubtful Accounts (Supple)	47M	47M	46M	45M	50M

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	271M	-483M	-100M	-427M	-93M
Depreciation & Amortization - CF	81M	156M	154M	139M	141M
Amortization of Goodwill and Intangible Assets - (CF)	47M	22M	22M	51M	22M
Depreciation & Amortization, Total	128M	178M	176M	190M	163M
Amortization of Deferred Charges, Total - (CF)	18M	17M	13M	11M	7M
Net Cash From Discontinued Operations	1.22B	-55M	-7M	-3M	-1M
Other Operating Activities, Total	-214M	347M	-63M	230M	12M
Change in Other Net Operating Assets	84M	-9M	16M	-37M	-66M
Cash from Operations	1.51B	-5M	35M	-36M	22M
Capital Expenditure	-120M	-98M	-69M	-68M	-83M
Sale of Property, Plant, and Equipment	6M	9M	7M	4M	6M
Cash Acquisitions	-16M	-10M	-3M	-	20M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	7M	-3M	-2M	1M	-3M
Other Investing Activities, Total	-	3M	-	-	-
Cash from Investing	-123M	-99M	-67M	-63M	-60M
Long-Term Debt Issued, Total	81M	936M	868M	152M	87M
Total Debt Issued	81M	936M	868M	152M	87M
Long-Term Debt Repaid, Total	-1.38B	-795M	-811M	-69M	-102M
Total Debt Repaid	-1.38B	-795M	-811M	-69M	-102M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-50M	-21M	-	-	-
Common Dividends Paid	-33M	-50M	-	-	-
Common & Preferred Stock Dividends Paid	-33M	-50M	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.38B	70M	57M	83M	-15M
Foreign Exchange Rate Adjustments	-9M	-3M	-7M	12M	-8M
Miscellaneous Cash Flow Adjustments	-	3M	-	-	-
Net Change in Cash	-2M	-34M	18M	-4M	-61M
Supplemental Items
Cash Interest Paid	54M	24M	33M	49M	73M
Cash Income Tax Paid (Refund)	24M	11M	6M	14M	9M
Levered Free Cash Flow	-67.5M	73.38M	8.12M	-1M	30.38M
Unlevered Free Cash Flow	-21.25M	94.62M	35.62M	30.25M	80.38M
Change In Net Working Capital	141M	-52M	35M	62M	32M
Net Debt Issued / Repaid	-1.3B	141M	57M	83M	-15M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.16	-1.5	-1.54	-1.28	0.54
Return on Total Capital	3.45	-2.43	-2.47	-2.07	0.91
Return On Equity %	4.33	-32.12	-10.92	-49.38	-12.3
Return on Common Equity	4.41	-31.82	-10.32	-46.09	-11.75
Margin Analysis
Gross Profit Margin %	18.95	15.2	15.12	14.69	15.05
EBITDA Margin %	5.81	0.4	1.36	0.9	2.37
EBITA Margin %	4.16	-1.64	-1.76	-0.43	1.01
EBIT Margin %	3.21	-2.19	-2.36	-1.57	0.59
Income From Continuing Operations Margin %	1.38	-11.34	-3.25	-9.89	-1.86
Net Income Margin %	5.5	-12.18	-2.71	-9.59	-1.78
Net Avail. For Common Margin %	1.4	-11.24	-3.09	-9.59	-1.78
Normalized Net Income Margin	1.3	-1.82	-2.06	-1.21	-0.46
Levered Free Cash Flow Margin	-1.37	1.85	0.22	-0.02	0.58
Unlevered Free Cash Flow Margin	-0.43	2.39	0.97	0.68	1.54
Asset Turnover
Asset Turnover	1.08	1.09	1.04	1.3	1.46
Fixed Assets Turnover	8.69	8.44	6.92	9.41	11.57
Receivables Turnover (Average Receivables)	8.22	7.65	7.48	8.33	7.65
Inventory Turnover (Average Inventory)	35.31	34.33	31.64	38.94	43.08
Short Term Liquidity
Current Ratio	0.76	0.66	0.7	0.75	0.73
Quick Ratio	0.6	0.45	0.54	0.52	0.59
Operating Cash Flow to Current Liabilities	1.22	-0	0.03	-0.03	0.01
Days Sales Outstanding (Average Receivables)	44.41	47.84	48.77	43.83	47.73
Days Outstanding Inventory (Average Inventory)	10.34	10.66	11.54	9.37	8.47
Average Days Payable Outstanding	64.65	54.16	56.57	52.64	50.13
Cash Conversion Cycle (Average Days)	-9.9	4.34	3.73	0.57	6.07
Long Term Solvency
Total Debt/Equity	37.54	91.78	111.08	174.01	169.15
Total Debt / Total Capital	27.3	47.86	52.62	63.5	62.85
LT Debt/Equity	36.59	86.48	103.5	165.12	145.27