Financial Ratios Formula One Group

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FWON.K

US5312297550

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05-19	Formula One Group Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference, May-19-2026 09:25 AM
05-07	Formula One Group, Liberty Media Corporation, Q1 2026 Earnings Call, May 07, 2026

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Published financial data: FORMULA ONE GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.02B	1.14B	2.14B	2.57B	3.22B
Other Revenues, Total	-	-	-	-	-
Total Revenues	2.02B	1.14B	2.14B	2.57B	3.22B
Cost of Goods Sold, Total	1.39B	974M	1.49B	1.75B	2.24B
Gross Profit	628M	171M	647M	823M	982M
Selling General & Admin Expenses, Total	210M	174M	210M	288M	316M
Depreciation & Amortization - (IS)	453M	441M	397M	362M	369M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	663M	615M	607M	650M	685M
Operating Income	-35M	-444M	40M	173M	297M
Interest Expense, Total	-195M	-146M	-123M	-149M	-214M
Interest And Investment Income	-	7M	-	-	-
Net Interest Expenses	-195M	-139M	-123M	-149M	-214M
Income (Loss) On Equity Invest.	12M	-108M	23M	-	-4M
Other Non Operating Income (Expenses)	-225M	152M	-7M	173M	117M
EBT, Excl. Unusual Items	-443M	-539M	-67M	197M	196M
Gain (Loss) On Sale Of Investments	42M	-167M	-90M	54M	15M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	-401M	-706M	-157M	251M	211M
Income Tax Expense	-90M	-112M	-37M	-311M	27M
Earnings From Continuing Operations	-311M	-594M	-120M	562M	184M
Net Income to Company	-311M	-594M	-120M	562M	184M
Minority Interest	-	-2M	-70M	-4M	1M
Net Income - (IS)	-311M	-596M	-190M	558M	185M
Net Income to Common Incl Extra Items	-311M	-596M	-190M	558M	185M
Net Income to Common Excl. Extra Items	-311M	-596M	-190M	558M	185M
Per Share Items
Net EPS - Basic	-1.35	-2.57	-0.82	2.39	0.79
Basic EPS - Continuing Operations	-1.35	-2.57	-0.82	2.39	0.79
Basic Weighted Average Shares Outstanding	231M	232M	232M	233M	234M
Net EPS - Diluted	-1.35	-2.57	-0.82	2.15	0.62
Diluted EPS - Continuing Operations	-1.35	-2.57	-0.82	2.15	0.62
Diluted Weighted Average Shares Outstanding	231M	232M	232M	244M	240M
Normalized Basic EPS	-1.2	-1.46	-0.48	0.51	0.53
Normalized Diluted EPS	-1.2	-1.46	-0.48	0.49	0.51
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	418M	-3M	437M	535M	666M
EBITA	-35M	-444M	40M	173M	297M
EBIT	-35M	-444M	40M	173M	297M
EBITDAR	-	88M	522M	-	-
Total Revenues (As Reported)	2.02B	1.14B	2.14B	2.57B	3.22B
Effective Tax Rate - (Ratio)	22.44	15.86	23.57	-123.9	12.8
Current Domestic Taxes	30M	11M	-5M	-29M	-32M
Current Foreign Taxes	21M	2M	9M	24M	41M
Total Current Taxes	51M	13M	4M	-5M	9M
Deferred Domestic Taxes	-102M	-41M	46M	24M	40M
Deferred Foreign Taxes	-39M	-84M	-87M	-330M	-22M
Total Deferred Taxes	-141M	-125M	-41M	-306M	18M
Normalized Net Income	-277M	-339M	-112M	119M	124M
Interest on Long-Term Debt	6M	6M	6M	-	-
Supplemental Operating Expense Items
Net Rental Expense, Total	-	91M	85M	-	-
Imputed Operating Lease Interest Expense	-	22.53M	22.64M	-	-
Imputed Operating Lease Depreciation	-	68.47M	62.36M	-	-
Stock-Based Comp., SG&A Exp. (Total)	28M	21M	29M	16M	20M
Total Stock-Based Compensation	28M	21M	29M	16M	20M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	587M	1.68B	2.07B	1.73B	1.41B
Total Cash And Short Term Investments	587M	1.68B	2.07B	1.73B	1.41B
Accounts Receivable, Total	69M	121M	66M	123M	123M
Other Receivables	-	-	-	-	-
Total Receivables	69M	121M	66M	123M	123M
Other Current Assets, Total	92M	459M	229M	167M	180M
Total Current Assets	748M	2.26B	2.37B	2.02B	1.71B
Gross Property Plant And Equipment	171M	198M	208M	516M	973M
Accumulated Depreciation	-59M	-74M	-89M	-108M	-135M
Net Property Plant And Equipment	112M	124M	119M	408M	838M
Long-term Investments	1.17B	207M	221M	253M	41M
Goodwill	3.96B	3.96B	3.96B	3.96B	3.96B
Other Intangibles, Total	4.3B	3.88B	3.51B	3.16B	2.86B
Other Long-Term Assets, Total	1.21B	757M	1.49B	1.21B	863M
Total Assets	11.5B	11.19B	11.66B	11.02B	10.27B
Liabilities
Accounts Payable, Total	264M	150M	308M	396M	535M
Current Portion of Long-Term Debt	-	209M	695M	61M	36M
Unearned Revenue Current, Total	113M	259M	253M	347M	247M
Other Current Liabilities	49M	74M	40M	29M	-31M
Total Current Liabilities	426M	692M	1.3B	833M	787M
Long-Term Debt	5.68B	3.55B	2.94B	2.89B	2.87B
Deferred Tax Liability Non Current	-	-	-	-	3M
Other Non Current Liabilities	161M	394M	492M	362M	188M
Total Liabilities	6.26B	4.64B	4.72B	4.08B	3.85B
Common Stock, Total	5.24B	6.55B	6.34B	6.91B	6.42B
Total Common Equity	5.24B	6.55B	6.34B	6.91B	6.42B
Minority Interest	2M	5M	600M	25M	-
Total Equity	5.24B	6.56B	6.94B	6.94B	6.42B
Total Liabilities And Equity	11.5B	11.19B	11.66B	11.02B	10.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	232M	232M	232M	234M	235M
ECS Total Common Shares Outstanding	232M	232M	232M	234M	235M
Book Value / Share	22.62	28.25	27.31	29.55	27.36
Tangible Book Value	-3.02B	-1.29B	-1.12B	-209M	-395M
Tangible Book Value Per Share	-13.04	-5.56	-4.84	-0.89	-1.68
Total Debt	5.68B	3.76B	3.63B	2.95B	2.91B
Net Debt	5.09B	2.08B	1.56B	1.21B	1.5B
Debt Equivalent Oper. Leases	-	728M	680M	-	-
Minority Interest, Total (Incl. Fin. Div)	2M	5M	600M	25M	-
Equity Method Investments, Total	882M	38M	30M	34M	41M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-311M	-596M	-190M	558M	185M
Depreciation & Amortization - CF	453M	441M	397M	362M	369M
Depreciation & Amortization, Total	453M	441M	397M	362M	369M
(Gain) Loss on Sale of Investments - (CF)	-49M	167M	90M	-54M	-15M
(Income) Loss On Equity Investments - (CF)	-12M	108M	-23M	-	4M
Stock-Based Compensation (CF)	28M	21M	29M	16M	20M
Other Operating Activities, Total	127M	-235M	35M	-464M	-76M
Change In Accounts Payable	38M	-8M	145M	203M	86M
Change in Other Net Operating Assets	20M	-37M	-2M	-87M	46M
Cash from Operations	294M	-139M	481M	534M	619M
Capital Expenditure	-44M	-21M	-17M	-291M	-426M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	63M	101M	64M	10M	-63M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	18M	-5M	-647M	675M	-21M
Cash from Investing	37M	75M	-600M	394M	-510M
Long-Term Debt Issued, Total	129M	1.27B	-	2.88B	-
Total Debt Issued	129M	1.27B	-	2.88B	-
Long-Term Debt Repaid, Total	-7M	-614M	-322M	-3.63B	-343M
Total Debt Repaid	-7M	-614M	-322M	-3.63B	-343M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-30M	-72M	-103M	-37M	-9M
Other Financing Activities, Total	4M	573M	937M	-488M	-83M
Cash from Financing	96M	1.16B	512M	-1.27B	-435M
Foreign Exchange Rate Adjustments	-	3M	-3M	-	1M
Net Change in Cash	427M	1.1B	390M	-341M	-325M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	348M	-290M	760M	278M	-19.12M
Unlevered Free Cash Flow	470M	-198M	837M	371M	115M
Change In Net Working Capital	-55M	362M	-403M	-176M	34M
Net Debt Issued / Repaid	122M	657M	-322M	-744M	-343M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.19	-2.45	0.22	0.95	1.74
Return on Total Capital	-0.2	-2.61	0.24	1.06	1.93
Return On Equity %	-5.76	-10.07	-1.78	8.1	2.76
Return on Common Equity	-5.77	-10.11	-2.95	8.42	2.78
Margin Analysis
Gross Profit Margin %	31.06	14.93	30.29	31.99	30.48
SG&A Margin	10.39	15.2	9.83	11.19	9.81
EBITDA Margin %	20.67	-0.26	20.46	20.79	20.67
EBITA Margin %	-1.73	-38.78	1.87	6.72	9.22
EBIT Margin %	-1.73	-38.78	1.87	6.72	9.22
Income From Continuing Operations Margin %	-15.38	-51.88	-5.62	21.84	5.71
Net Income Margin %	-15.38	-52.05	-8.9	21.69	5.74
Net Avail. For Common Margin %	-15.38	-52.05	-8.9	21.69	5.74
Normalized Net Income Margin	-13.69	-29.6	-5.24	4.63	3.83
Levered Free Cash Flow Margin	17.22	-25.31	35.59	10.8	-0.59
Unlevered Free Cash Flow Margin	23.25	-17.34	39.19	14.42	3.56
Asset Turnover
Asset Turnover	0.18	0.1	0.19	0.23	0.3
Fixed Assets Turnover	20.02	9.7	17.58	9.76	5.17
Receivables Turnover (Average Receivables)	22.59	12.05	22.84	27.23	26.2
Short Term Liquidity
Current Ratio	1.76	3.27	1.83	2.43	2.17
Quick Ratio	1.54	2.61	1.65	2.23	1.95
Operating Cash Flow to Current Liabilities	0.69	-0.2	0.37	0.64	0.79
Days Sales Outstanding (Average Receivables)	16.16	30.37	15.98	13.41	13.93
Average Days Payable Outstanding	65.07	77.78	56.13	73.42	75.85
Long Term Solvency
Total Debt/Equity	108.32	57.35	52.32	42.49	45.27
Total Debt / Total Capital	52	36.45	34.35	29.82	31.16
LT Debt/Equity	108.32	54.16	42.31	41.61	44.71
Long-Term Debt / Total Capital	52	34.42	27.77	29.2	30.78
Total Liabilities / Total Assets	54.45	41.43	40.5	37.05	37.48
EBIT / Interest Expense	-0.18	-3.04	0.33	1.16	1.39
EBITDA / Interest Expense	2.14	-0.02	3.55	3.59	3.11
(EBITDA - Capex) / Interest Expense	1.92	-0.16	3.41	1.64	1.12
Total Debt / EBITDA	13.58	-1.25K	8.31	5.51	4.36
Net Debt / EBITDA	12.18	-691.67	3.56	2.27	2.25
Total Debt / (EBITDA - Capex)	15.18	-156.62	8.65	12.08	12.11
Net Debt / (EBITDA - Capex)	13.61	-86.46	3.71	4.98	6.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.67	-43.37	86.55	20.46	25.22
Gross Profit, 1 Yr. Growth %	13.36	-72.77	278.36	27.2	19.32
EBITDA, 1 Yr. Growth %	19.43	-100.72	-14.67K	22.43	24.49
EBITA, 1 Yr. Growth %	-68.18	1.17K	-109.01	332.5	71.68
EBIT, 1 Yr. Growth %	-68.18	1.17K	-109.01	332.5	71.68
Earnings From Cont. Operations, 1 Yr. Growth %	107.33	91	-79.8	-568.33	-67.26
Net Income, 1 Yr. Growth %	107.33	91.64	-68.12	-393.68	-66.85
Normalized Net Income, 1 Yr. Growth %	97.77	22.39	-66.99	-206.48	3.67
Diluted EPS Before Extra, 1 Yr. Growth %	107.69	90.37	-68.09	-361.9	-71.29
Accounts Receivable, 1 Yr. Growth %	-37.27	75.36	-45.45	86.36	0
Net Property, Plant and Equip., 1 Yr. Growth %	24.44	10.71	-4.03	242.86	105.39
Total Assets, 1 Yr. Growth %	5	-2.73	4.23	-5.56	-6.8
Tangible Book Value, 1 Yr. Growth %	-3.88	-57.32	-12.8	-81.41	89
Common Equity, 1 Yr. Growth %	-5.6	25.02	-3.21	8.99	-7.11
Cash From Operations, 1 Yr. Growth %	9.7	-147.28	-446.04	11.02	15.92
Capital Expenditures, 1 Yr. Growth %	214.29	-52.27	-19.05	1.61K	46.39
Levered Free Cash Flow, 1 Yr. Growth %	-4.39	-183.2	-362.34	-63.43	-106.88
Unlevered Free Cash Flow, 1 Yr. Growth %	-2.92	-142.22	-521.66	-55.66	-69.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.49	-20.84	2.78	49.91	22.82
Gross Profit, 2 Yr. CAGR %	5.52	-44.44	1.5	119.38	23.2
EBITDA, 2 Yr. CAGR %	7.01	-90.74	2.25	1.24K	23.45
EBITA, 2 Yr. CAGR %	-6.46	100.91	6.9	-37.58	172.49
EBIT, 2 Yr. CAGR %	-6.46	100.91	6.9	-37.58	172.49
Earnings From Cont. Operations, 2 Yr. CAGR %	10.01	99	-37.88	-2.73	23.83
Net Income, 2 Yr. CAGR %	10.44	99.33	-21.84	-3.24	-1.32
Normalized Net Income, 2 Yr. CAGR %	17.26	55.58	-36.93	-40.71	5.07
Diluted EPS Before Extra, 2 Yr. CAGR %	5.63	98.84	-22.06	-8.59	-13.28
Accounts Receivable, 2 Yr. CAGR %	-9.37	4.88	-2.2	0.82	36.52
Net Property, Plant and Equip., 2 Yr. CAGR %	8.58	17.38	3.08	81.39	165.37
Total Assets, 2 Yr. CAGR %	-1.27	1.06	0.69	-0.78	-6.18
Tangible Book Value, 2 Yr. CAGR %	-6.55	-35.95	-38.99	-59.73	-40.72
Common Equity, 2 Yr. CAGR %	-3.87	8.64	10.01	2.71	0.62
Cash From Operations, 2 Yr. CAGR %	97.99	-27.98	27.91	96	13.44
Capital Expenditures, 2 Yr. CAGR %	109.76	22.47	-37.84	272.25	400.59
Levered Free Cash Flow, 2 Yr. CAGR %	-2.79	-10.81	47.74	-2.05	-84.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.61	-35.98	33.43	36.74	-62.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-13.73	5.35	8.36	41.18
Gross Profit, 3 Yr. CAGR %	-	-32.82	5.31	9.43	79.08
EBITDA, 3 Yr. CAGR %	93.16	-79.82	7.68	8.57	505.5
EBITA, 3 Yr. CAGR %	-19.86	123.07	-28.62	70.34	-12.54
EBIT, 3 Yr. CAGR %	-19.86	123.07	-28.62	70.34	-12.54
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.86	32.22	-7.17	21.8	-32.34
Net Income, 3 Yr. CAGR %	-1.86	32.71	8.2	21.51	-32.29
Normalized Net Income, 3 Yr. CAGR %	126.75	18.94	-7.2	-24.9	-28.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-29.94	28.54	8.05	16.74	-37.86
Accounts Receivable, 3 Yr. CAGR %	-	12.94	-15.66	21.25	0.55
Net Property, Plant and Equip., 3 Yr. CAGR %	7.96	9.29	9.76	53.87	89.06
Total Assets, 3 Yr. CAGR %	56.61	-1.76	2.11	-1.44	-2.83
Tangible Book Value, 3 Yr. CAGR %	32.95	-28.03	-29.01	-58.94	-32.58
Common Equity, 3 Yr. CAGR %	59.71	4.93	4.54	9.67	-0.67
Cash From Operations, 3 Yr. CAGR %	-8.04	22.83	21.53	22.01	64.52
Capital Expenditures, 3 Yr. CAGR %	180.2	28.06	6.69	87.71	172.73
Levered Free Cash Flow, 3 Yr. CAGR %	36.94	-7.7	27.79	-7.23	-59.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	47.17	-26.8	20.01	-7.58	-16.73
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	102.76	-	-	7.61	12.02
Gross Profit, 5 Yr. CAGR %	60.48	-	-	7.85	12.13
EBITDA, 5 Yr. CAGR %	33.12	-47.04	49.77	7.95	13.73
EBITA, 5 Yr. CAGR %	-21.31	40.53	-10.07	34.03	21.98
EBIT, 5 Yr. CAGR %	-21.31	40.53	-10.07	34.03	21.98
Earnings From Cont. Operations, 5 Yr. CAGR %	60.72	27.69	-18.27	16.94	4.17
Net Income, 5 Yr. CAGR %	60.72	27.77	-10.4	16.96	4.28
Normalized Net Income, 5 Yr. CAGR %	9.85	14.38	36.34	-9.97	-2.48
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-26.89	12.16	-1.05
Accounts Receivable, 5 Yr. CAGR %	-	-	-	7.93	2.26
Net Property, Plant and Equip., 5 Yr. CAGR %	-	3.58	5.98	33.84	56.24
Total Assets, 5 Yr. CAGR %	-	41.8	31.25	-1.37	-1.29
Tangible Book Value, 5 Yr. CAGR %	-	5.57	-2.64	-42.95	-33.95
Common Equity, 5 Yr. CAGR %	-	46.13	37.58	4.04	2.95
Cash From Operations, 5 Yr. CAGR %	57.85	31.76	4.94	48.08	18.23
Capital Expenditures, 5 Yr. CAGR %	85.56	-8.64	53.42	96.24	98
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	41.16	-5.48	-44.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	41.51	-6.01	-25.04