Cash flow Fincantieri S.p.A.

Equities

FCT

IT0005599938

Shipbuilding

Market Closed - Borsa Italiana Other stock markets 16:44:59 12/09/2024 BST			5-day change	1st Jan Change
4.450 ^EUR	0.00%		-4.30%	-20.25%

08-28	Milan stock market up slightly, few cues on Nvidia expectations, snatches Maire	RE
08-28	Fincantieri's Vard Books Order for Ocean Energy Construction Vessel	MT

51.obzlcYs4wNLajuvLn51Xc_JABZaq5IG8Kt3nfmI2Jo4.lOyUJORBhrmd5KScxq8FQYMGctzNsvGKEoy1LzUPb-Dmxqwu7kuKmZy20w

Published financial data: FINCANTIERI S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.77B	5.78B	6.8B	7.35B	7.45B
Other Revenues, Total	21.48M	29.97M	24.8M	46.98M	-
Total Revenues	5.8B	5.81B	6.82B	7.4B	7.45B
Cost of Goods Sold, Total	4.46B	4.59B	5.24B	5.96B	5.9B
Gross Profit	1.34B	1.23B	1.58B	1.44B	1.55B
Selling General & Admin Expenses, Total	1.03B	945M	1.11B	1.23B	1.27B
Depreciation & Amortization - (IS)	161M	167M	205M	66.3M	234M
Other Operating Expenses	8.95M	-8.2M	7.99M	30.42M	-66.71M
Other Operating Expenses, Total	1.2B	1.1B	1.33B	1.33B	1.43B
Operating Income	131M	123M	258M	115M	114M
Interest Expense, Total	-66.96M	-74.28M	-83.34M	-102M	-228M
Interest And Investment Income	11.67M	11.38M	28.14M	62.7M	38.55M
Net Interest Expenses	-55.29M	-62.9M	-55.2M	-39.68M	-189M
Income (Loss) On Equity Invest.	-3.17M	-11.89M	-14.73M	-785K	2.22M
Currency Exchange Gains (Loss)	-8.84M	-31.71M	928K	-6.01M	-21.86M
Other Non Operating Income (Expenses)	-54.6M	-35.21M	-33.83M	-30.01M	45.95M
EBT, Excl. Unusual Items	9.52M	-18.32M	155M	38.74M	-49.16M
Restructuring Charges	-8.82M	-	-	-	-
Impairment of Goodwill	-394K	-65K	-96K	-140M	-
Gain (Loss) On Sale Of Investments	-	-	-	-1.41M	-
Gain (Loss) On Sale Of Assets	119K	900K	1.08M	1.2M	812K
Asset Writedown	-5.34M	-335K	-588K	-23.52M	-2.17M
Insurance Settlements	11.09M	10.75M	17.31M	25.26M	47.43M
Legal Settlements	-39.64M	-52.35M	-58.14M	-59.63M	-60.86M
Other Unusual Items	-18.49M	-194M	-35M	-171M	-
EBT, Incl. Unusual Items	-51.96M	-254M	79.7M	-331M	-63.95M
Income Tax Expense	71.96M	-9.2M	57.89M	-6.71M	-10.84M
Earnings From Continuing Operations	-124M	-245M	21.82M	-324M	-53.11M
Earnings Of Discontinued Operations	-24.33M	-	-	-	-
Net Income to Company	-148M	-245M	21.82M	-324M	-53.11M
Minority Interest	7M	4.46M	-37K	15.08M	281K
Net Income - (IS)	-141M	-240M	21.78M	-309M	-52.83M
Net Income to Common Incl Extra Items	-141M	-240M	21.78M	-309M	-52.83M
Net Income to Common Excl. Extra Items	-117M	-240M	21.78M	-309M	-52.83M
Per Share Items
Net EPS - Basic	-0.84	-1.42	0.13	-1.82	-0.31
Basic EPS - Continuing Operations	-0.69	-1.42	0.13	-1.82	-0.31
Basic Weighted Average Shares Outstanding	169M	169M	170M	170M	170M
Net EPS - Diluted	-0.84	-1.42	0.13	-1.82	-0.31
Diluted EPS - Continuing Operations	-0.69	-1.42	0.13	-1.82	-0.31
Diluted Weighted Average Shares Outstanding	169M	169M	172M	170M	170M
Normalized Basic EPS	0.08	-0.04	0.57	0.23	-0.18
Normalized Diluted EPS	0.08	-0.04	0.56	0.23	-0.18
Dividend Per Share	-	-	-	-	-
Payout Ratio	-11.95	-	-	-	-0.23
Supplemental Items
EBITDA	248M	266M	417M	298M	307M
EBITA	160M	174M	309M	172M	169M
EBIT	131M	123M	258M	115M	114M
EBITDAR	284M	294M	453M	340M	353M
Effective Tax Rate - (Ratio)	-138.49	3.63	72.63	2.03	16.95
Current Domestic Taxes	-	-	-	47.92M	13.08M
Current Foreign Taxes	-	-	-	25.62M	7.5M
Total Current Taxes	45.51M	-9.36M	81.06M	73.54M	20.58M
Deferred Domestic Taxes	-	-	-	-50.02M	1.17M
Deferred Foreign Taxes	-	-	-	-30.23M	-32.59M
Total Deferred Taxes	26.45M	156K	-23.18M	-80.25M	-31.42M
Normalized Net Income	12.95M	-6.98M	96.92M	39.29M	-30.45M
Interest on Long-Term Debt	4.16M	3.46M	4.02M	3.43M	9.9M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	163M	171M	182M	187M	170M
Net Rental Expense, Total	35.86M	28M	36.06M	42.87M	46.21M
Imputed Operating Lease Interest Expense	8.02M	4.89M	5.7M	8.79M	23.3M
Imputed Operating Lease Depreciation	27.83M	23.1M	30.35M	34.07M	22.91M
Maintenance & Repair Expenses, Total	26.59M	30.76M	31.44M	36.72M	-
Stock-Based Comp., COGS (Total)	1.06M	1M	1.15M	1.04M	-
Stock-Based Comp., SG&A Exp. (Total)	4.01M	4.32M	5.43M	5.69M	317K
Stock-Based Comp., Other (Total)	-	1K	-	-	-
Total Stock-Based Compensation	5.07M	5.32M	6.58M	6.73M	317K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	382M	1.27B	1.24B	565M	757M
Total Cash And Short Term Investments	382M	1.27B	1.24B	565M	757M
Accounts Receivable, Total	3.38B	3.73B	3.57B	3.86B	3.26B
Other Receivables	416M	460M	506M	570M	422M
Total Receivables	3.79B	4.19B	4.08B	4.42B	3.69B
Inventory	361M	382M	439M	498M	495M
Prepaid Expenses	664K	327K	763K	700K	2.75M
Other Current Assets, Total	476M	525M	467M	429M	443M
Total Current Assets	5.01B	6.37B	6.22B	5.92B	5.38B
Gross Property Plant And Equipment	2.85B	2.99B	3.38B	3.61B	3.77B
Accumulated Depreciation	-1.54B	-1.61B	-1.74B	-1.85B	-1.96B
Net Property Plant And Equipment	1.31B	1.39B	1.63B	1.76B	1.81B
Long-term Investments	75.37M	105M	123M	118M	59.62M
Goodwill	261M	246M	272M	123M	116M
Other Intangibles, Total	313M	318M	359M	342M	306M
Loans Receivable Long-Term	91.51M	96.28M	250M	133M	665M
Deferred Tax Assets Long-Term	99.02M	77.96M	109M	183M	231M
Deferred Charges Long-Term	80.81M	65.36M	56.73M	43.78M	52.01M
Other Long-Term Assets, Total	18.62M	30.64M	53.36M	87.77M	86.38M
Total Assets	7.26B	8.69B	9.08B	8.71B	8.71B
Liabilities
Accounts Payable, Total	1.78B	1.89B	1.9B	2.07B	1.98B
Accrued Expenses, Total	171M	160M	191M	205M	234M
Short-term Borrowings	1.54B	2.02B	1.95B	1.37B	1.1B
Current Portion of Long-Term Debt	146M	121M	288M	1.13B	591M
Current Portion of Leases	15.44M	14.49M	17.86M	18.21M	20.7M
Current Income Taxes Payable	7M	6.62M	30.07M	25.44M	18.23M
Unearned Revenue Current, Total	1.29B	1.17B	1.38B	1.16B	1.6B
Other Current Liabilities	173M	172M	311M	203M	352M
Total Current Liabilities	5.12B	5.56B	6.06B	6.18B	5.89B
Long-Term Debt	736M	2.05B	1.79B	1.2B	1.57B
Long-Term Leases	76.64M	72.18M	101M	114M	110M
Unearned Revenue Non Current	23.3M	23.39M	46.14M	48.67M	50.49M
Pension & Other Post Retirement Benefits	60.04M	59.68M	63.66M	53.84M	54.35M
Deferred Tax Liability Non Current	54.35M	50.53M	70.1M	82.7M	72.32M
Other Non Current Liabilities	145M	100M	113M	443M	521M
Total Liabilities	6.21B	7.92B	8.25B	8.12B	8.28B
Common Stock, Total	863M	863M	863M	863M	863M
Additional Paid In Capital	110M	110M	110M	110M	110M
Retained Earnings	-90.05M	-181M	80.58M	-244M	12.24M
Treasury Stock	-7.12M	-4.47M	-2.97M	-926K	-4.8M
Comprehensive Income and Other	142M	-26.24M	-233M	-143M	-548M
Total Common Equity	1.02B	761M	819M	585M	433M
Minority Interest	31.35M	15.1M	15.66M	1.41M	1.04M
Total Equity	1.05B	777M	834M	587M	434M
Total Liabilities And Equity	7.26B	8.69B	9.08B	8.71B	8.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	169M	170M	170M	170M	169M
ECS Total Common Shares Outstanding	169M	170M	170M	170M	169M
Book Value / Share	6.02	4.49	4.82	3.45	2.56
Tangible Book Value	445M	198M	187M	121M	10.69M
Tangible Book Value Per Share	2.63	1.17	1.1	0.71	0.06
Total Debt	2.52B	4.28B	4.15B	3.83B	3.39B
Net Debt	2.14B	3.01B	2.91B	3.27B	2.63B
Debt Equivalent of Unfunded Proj. Benefit Obligation	60.05M	59.69M	63.68M	53.87M	54.4M
Debt Equivalent Oper. Leases	287M	224M	288M	343M	370M
Minority Interest, Total (Incl. Fin. Div)	31.35M	15.1M	15.66M	1.41M	1.04M
Equity Method Investments, Total	55.77M	78.59M	96.1M	85.54M	33.46M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	313M	337M	381M	477M	487M
Inventories - Work In Process, Total	33.42M	33.2M	49.5M	25.02M	14.82M
Inventories - Finished Goods, Total	39.9M	42.09M	29.11M	20.07M	22.88M
Land - (BS)	673M	698M	850M	975M	1.02B
Machinery, Total	1.34B	1.38B	1.59B	1.66B	1.71B
Full Time Employees	19.82K	20.15K	20.77K	20.79K	21.22K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	31.83M	34.11M	62.2M	67.3M	58.55M
Order Backlog	32.69B	35.68B	35.52B	34.33B	34.77B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-141M	-240M	21.78M	-309M	-52.83M
Depreciation & Amortization - CF	105M	108M	128M	149M	160M
Amortization of Goodwill and Intangible Assets - (CF)	29.02M	51.1M	51.12M	56.41M	55.4M
Depreciation & Amortization, Total	134M	159M	179M	205M	215M
Amortization of Deferred Charges, Total - (CF)	28.15M	27.28M	26.57M	25.94M	18.31M
(Gain) Loss From Sale Of Asset	1.3M	1.67M	9.01M	-169K	3.41M
(Gain) Loss on Sale of Investments - (CF)	3.25M	11.89M	14.35M	3.14M	-2.22M
Asset Writedown & Restructuring Costs	1.83M	-588K	27K	164M	39K
Stock-Based Compensation (CF)	5.07M	5.32M	6.58M	6.73M	501K
Net Cash From Discontinued Operations	-22.26M	-	-	-	-
Other Operating Activities, Total	9.24M	-32.76M	124M	-72.56M	16.06M
Change In Accounts Receivable	94.1M	63.99M	442M	-302M	497M
Change In Inventories	58.91M	-61.34M	20.69M	11.71M	56.46M
Change In Accounts Payable	397M	104M	33.69M	205M	-213M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-530M	-582M	-15.19M	4.43M	97.96M
Cash from Operations	39.12M	-543M	862M	-57.72M	637M
Capital Expenditure	-218M	-233M	-310M	-224M	-203M
Sale of Property, Plant, and Equipment	308K	2.5M	1.86M	2.71M	2.34M
Cash Acquisitions	-13.51M	-520K	220K	-	765K
Divestitures	-	-	-	1.75M	-
Sale (Purchase) of Intangible assets	-60.98M	-76.35M	-47.45M	-70.6M	-52.42M
Investment in Marketable and Equity Securities, Total	-17.98M	-2.16M	-2.84M	8.52M	3.7M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-66.74M	-177M	56.7M	142M
Other Investing Activities, Total	20K	-	-	-	-
Cash from Investing	-310M	-376M	-535M	-225M	-106M
Short Term Debt Issued, Total	3.2B	4.54B	3.13B	3.2B	2.68B
Long-Term Debt Issued, Total	111M	1.45B	235K	654M	1.1B
Total Debt Issued	3.32B	5.99B	3.13B	3.85B	3.78B
Short Term Debt Repaid, Total	-3.27B	-4.15B	-3.48B	-4.18B	-3.95B
Long-Term Debt Repaid, Total	-21.87M	-20.59M	-24.59M	-63.32M	-153M
Total Debt Repaid	-3.29B	-4.17B	-3.5B	-4.24B	-4.11B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-3.5M	-	-	-1.14M	-5.7M
Common Dividends Paid	-16.87M	-	-	-	-120K
Common & Preferred Stock Dividends Paid	-16.87M	-	-	-	-120K
Other Financing Activities, Total	-30.46M	-32K	-1.75M	-53K	1.5M
Cash from Financing	-24.83M	1.82B	-378M	-390M	-330M
Foreign Exchange Rate Adjustments	1.2M	-7.99M	11.9M	650K	-7.94M
Net Change in Cash	-295M	893M	-38.46M	-672M	193M
Supplemental Items
Cash Interest Paid	49.34M	70.42M	74.66M	88.09M	204M
Cash Income Tax Paid (Refund)	61.55M	36.56M	-16.09M	142M	59.61M
Levered Free Cash Flow	-149M	-566M	474M	-557M	1.16B
Unlevered Free Cash Flow	-107M	-520M	526M	-493M	1.3B
Change In Net Working Capital	77.13M	480M	-510M	508M	-1.25B
Net Debt Issued / Repaid	26M	1.82B	-376M	-388M	-325M