Cash flow Forvia (ex-Faurecia)

Equities

FRVIA

FR0000121147

Auto, Truck & Motorcycle Parts

Market Closed - Euronext Paris Other stock markets 16:35:05 06/09/2024 BST			5-day change	1st Jan Change
8.820 ^EUR	-4.87%		-4.57%	-56.81%

09-02	Forvia : Templeton GA Ltd falls below 5% of share capital	CF
08-27	Forvia : Templeton Global Advisors Ltd below 5% of voting rights	CF

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Published financial data: FORVIA (EX-FAURECIA)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	17.77B	14.65B	15.62B	25.46B	27.25B
Total Revenues	17.77B	14.65B	15.62B	25.46B	27.25B
Cost of Goods Sold, Total	15.29B	13.18B	13.73B	22.23B	23.59B
Gross Profit	2.48B	1.47B	1.88B	3.22B	3.66B
Selling General & Admin Expenses, Total	787M	732M	695M	1.22B	1.29B
R&D Expenses	420M	342M	331M	897M	953M
Amortization of Goodwill and Intangible Assets - (IS)	56.4M	91.7M	92.6M	219M	193M
Other Operating Expenses, Total	1.26B	1.17B	1.12B	2.34B	2.44B
Operating Income	1.22B	309M	765M	885M	1.22B
Interest Expense, Total	-198M	-204M	-239M	-385M	-586M
Interest And Investment Income	18.7M	18.1M	32M	51.6M	90.7M
Net Interest Expenses	-179M	-186M	-207M	-334M	-496M
Income (Loss) On Equity Invest.	37.8M	-12.8M	-24.6M	11.4M	-2.2M
Currency Exchange Gains (Loss)	-4.1M	-8.1M	-1.1M	-44.9M	-43.3M
Other Non Operating Income (Expenses)	-28.3M	-17.3M	-18.7M	-57.6M	134M
EBT, Excl. Unusual Items	1.04B	84.3M	513M	460M	816M
Restructuring Charges	-194M	-286M	-196M	-352M	-171M
Merger & Related Restructuring Charges	-	-	-37M	-77.3M	-
Impairment of Goodwill	-	-150M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	700K	-16.5M	-	-	1.8M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-20.3M	170M	-28.1M	-95.2M	-43.9M
EBT, Incl. Unusual Items	832M	-198M	252M	-64.1M	603M
Income Tax Expense	167M	123M	139M	186M	232M
Earnings From Continuing Operations	665M	-322M	113M	-250M	371M
Earnings Of Discontinued Operations	-	-	-96.5M	-	-5.4M
Net Income to Company	665M	-322M	16.2M	-250M	366M
Minority Interest	-75M	-57.3M	-95M	-131M	-143M
Net Income - (IS)	590M	-379M	-78.8M	-382M	222M
Net Income to Common Incl Extra Items	590M	-379M	-78.8M	-382M	222M
Net Income to Common Excl. Extra Items	590M	-379M	17.7M	-382M	228M
Per Share Items
Net EPS - Basic	4.31	-2.75	-0.57	-2.2	1.13
Basic EPS - Continuing Operations	4.31	-2.75	0.13	-2.2	1.15
Basic Weighted Average Shares Outstanding	137M	138M	138M	174M	197M
Net EPS - Diluted	4.29	-2.75	-0.57	-2.2	1.12
Diluted EPS - Continuing Operations	4.29	-2.75	0.13	-2.2	1.15
Diluted Weighted Average Shares Outstanding	138M	138M	138M	174M	198M
Normalized Basic EPS	4.22	-0.03	1.64	0.9	1.86
Normalized Diluted EPS	4.2	-0.03	1.64	0.9	1.86
Dividend Per Share	1.3	1	-	-	0.5
Payout Ratio	28.86	-	-171.07	-	-
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	1.76B	875M	1.32B	1.73B	2.31B
EBITA	1.28B	400M	857M	885M	1.46B
EBIT	1.22B	309M	765M	885M	1.22B
Effective Tax Rate - (Ratio)	20.06	-62.29	55.19	-290.64	38.52
Total Current Taxes	243M	181M	234M	368M	414M
Total Deferred Taxes	-76.5M	-57.8M	-95M	-181M	-182M
Normalized Net Income	578M	-4.61M	226M	156M	367M
Interest on Long-Term Debt	45.5M	48.4M	45.5M	53.9M	58.8M
Non-Cash Pension Expense	-8.8M	5.3M	-100K	7.2M	22.1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	858M	852M	838M	1.58B	1.64B
Stock-Based Comp., Other (Total)	18.9M	15.8M	3.9M	16.4M	-
Total Stock-Based Compensation	18.9M	15.8M	3.9M	16.4M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.32B	3.09B	4.91B	4.2B	4.27B
Trading Asset Securities, Total	-	-	6.6M	4.6M	4.1M
Total Cash And Short Term Investments	2.32B	3.09B	4.91B	4.21B	4.28B
Accounts Receivable, Total	2.61B	3.49B	3.74B	5.34B	4.28B
Other Receivables	533M	483M	601M	939M	1.02B
Notes Receivable	12.7M	1.9M	46.5M	25.2M	64.9M
Total Receivables	3.15B	3.97B	4.39B	6.31B	5.37B
Inventory	1.55B	1.43B	1.66B	2.92B	2.9B
Prepaid Expenses	557M	620M	734M	885M	785M
Other Current Assets, Total	98.3M	118M	193M	310M	180M
Total Current Assets	7.68B	9.23B	11.89B	14.63B	13.51B
Gross Property Plant And Equipment	8.04B	8.06B	8.23B	15.45B	15.22B
Accumulated Depreciation	-4.16B	-4.33B	-4.47B	-9.21B	-9.34B
Net Property Plant And Equipment	3.87B	3.73B	3.75B	6.24B	5.88B
Long-term Investments	301M	298M	239M	497M	448M
Goodwill	2.15B	2.2B	2.24B	5.26B	5.13B
Other Intangibles, Total	497M	608M	532M	1.59B	1.22B
Loans Receivable Long-Term	37.4M	38M	96.5M	101M	116M
Deferred Tax Assets Long-Term	468M	475M	541M	690M	853M
Deferred Charges Long-Term	2.05B	2.06B	2.27B	3B	3.15B
Other Long-Term Assets, Total	104M	70.5M	124M	210M	172M
Total Assets	17.16B	18.7B	21.67B	32.22B	30.49B
Liabilities
Accounts Payable, Total	5.32B	6.02B	6.69B	9.18B	8.4B
Accrued Expenses, Total	753M	772M	779M	1.1B	1.06B
Short-term Borrowings	724M	964M	894M	922M	590M
Current Portion of Long-Term Debt	122M	59.2M	124M	852M	955M
Current Portion of Leases	174M	182M	199M	252M	219M
Current Income Taxes Payable	73M	74.2M	84.4M	167M	169M
Unearned Revenue Current, Total	692M	650M	780M	1.04B	1.13B
Other Current Liabilities	521M	642M	641M	1.29B	1.24B
Total Current Liabilities	8.38B	9.36B	10.2B	14.81B	13.76B
Long-Term Debt	3.09B	4.22B	6.33B	9.11B	8.69B
Long-Term Leases	732M	794M	833M	1.05B	836M
Pension & Other Post Retirement Benefits	419M	476M	412M	526M	585M
Deferred Tax Liability Non Current	38.7M	82M	44.1M	390M	328M
Other Non Current Liabilities	44.8M	41.7M	41.1M	97.4M	117M
Total Liabilities	12.7B	14.98B	17.86B	25.98B	24.31B
Common Stock, Total	966M	966M	966M	1.38B	1.38B
Additional Paid In Capital	633M	633M	605M	1.41B	1.41B
Retained Earnings	2.64B	2.23B	2B	1.8B	2.05B
Treasury Stock	-44.7M	-19.1M	-4M	-4.5M	-200K
Comprehensive Income and Other	-57.3M	-411M	-135M	-40.5M	-331M
Total Common Equity	4.14B	3.4B	3.43B	4.55B	4.51B
Minority Interest	327M	331M	386M	1.69B	1.66B
Total Equity	4.46B	3.73B	3.82B	6.24B	6.17B
Total Liabilities And Equity	17.16B	18.7B	21.67B	32.22B	30.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	137M	138M	138M	197M	197M
ECS Total Common Shares Outstanding	137M	138M	138M	197M	197M
Book Value / Share	30.21	24.69	24.86	23.09	22.88
Tangible Book Value	1.49B	592M	661M	-2.3B	-1.84B
Tangible Book Value Per Share	10.89	4.3	4.79	-11.7	-9.34
Total Debt	4.85B	6.22B	8.38B	12.18B	11.29B
Net Debt	2.53B	3.13B	3.47B	7.98B	7.01B
Debt Equivalent of Unfunded Proj. Benefit Obligation	390M	452M	372M	505M	554M
Minority Interest, Total (Incl. Fin. Div)	327M	331M	386M	1.69B	1.66B
Equity Method Investments, Total	240M	177M	151M	334M	308M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	689M	616M	765M	1.47B	1.41B
Inventories - Work In Process, Total	586M	483M	530M	951M	917M
Inventories - Others	512M	582M	622M	854M	927M
Land - (BS)	120M	114M	106M	105M	255M
Buildings, Total	1.15B	1.1B	1.08B	2.16B	1.99B
Machinery, Total	4.95B	5B	5.13B	9.87B	9.96B
Full Time Employees	115K	114K	111K	157K	153K
Accumulated Allowance for Doubtful Accounts (Supple)	17.5M	30.7M	23M	49.9M	31.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	590M	-379M	-78.8M	-382M	222M
Depreciation & Amortization - CF	643M	680M	680M	1.11B	1.1B
Amortization of Goodwill and Intangible Assets - (CF)	56.4M	91.7M	92.6M	-	237M
Depreciation & Amortization, Total	700M	772M	773M	1.11B	1.33B
Amortization of Deferred Charges, Total - (CF)	474M	545M	550M	721M	730M
(Gain) Loss From Sale Of Asset	2.2M	2M	-4.1M	-2.4M	5M
Asset Writedown & Restructuring Costs	-162M	-77.7M	-157M	-120M	-150M
Net Cash From Discontinued Operations	-	-	-41.9M	-	-149M
Other Operating Activities, Total	70.5M	300M	298M	578M	-146M
Change In Accounts Receivable	-398M	-325M	-5M	-593M	208M
Change In Inventories	-27M	-138M	-203M	-176M	-135M
Change In Accounts Payable	539M	460M	397M	1.32B	444M
Change in Other Net Operating Assets	-5M	-54.9M	-136M	10.6M	253M
Cash from Operations	1.78B	1.11B	1.39B	2.46B	2.61B
Capital Expenditure	-682M	-476M	-529M	-1.16B	-1.12B
Sale of Property, Plant, and Equipment	206M	38.1M	33M	22.8M	46.6M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-685M	-622M	-671M	-984M	-1.06B
Investment in Marketable and Equity Securities, Total	-1.13B	-252M	-66.1M	-4.89B	304M
Other Investing Activities, Total	18.3M	-51.1M	-48.9M	755M	309M
Cash from Investing	-2.27B	-1.36B	-1.28B	-6.25B	-1.52B
Long-Term Debt Issued, Total	1.21B	3.06B	2.51B	4.76B	588M
Total Debt Issued	1.21B	3.06B	2.51B	4.76B	588M
Long-Term Debt Repaid, Total	-276M	-1.91B	-684M	-2.8B	-1.41B
Total Debt Repaid	-276M	-1.91B	-684M	-2.8B	-1.41B
Issuance of Common Stock	2.7M	5.3M	102M	1.22B	1.5M
Repurchase of Common Stock	-29.4M	-	-128M	-1.1M	-
Common Dividends Paid	-170M	-	-135M	-	-
Common & Preferred Stock Dividends Paid	-170M	-	-135M	-	-
Other Financing Activities, Total	-41.5M	-34.5M	-69.1M	-54.9M	-70.6M
Cash from Financing	699M	1.13B	1.6B	3.12B	-889M
Foreign Exchange Rate Adjustments	4.6M	-96.3M	106M	-38.4M	-123M
Miscellaneous Cash Flow Adjustments	100K	-	5.5M	-	24.4M
Net Change in Cash	214M	772M	1.82B	-705M	102M
Supplemental Items
Cash Interest Paid	197M	-	-	-	-
Cash Income Tax Paid (Refund)	296M	197M	243M	384M	515M
Levered Free Cash Flow	495M	323M	445M	374M	680M
Unlevered Free Cash Flow	618M	450M	594M	615M	1.05B
Change In Net Working Capital	-31M	-22.7M	10.1M	-354M	-404M
Net Debt Issued / Repaid	938M	1.15B	1.83B	1.96B	-820M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.98	1.08	2.37	2.05	2.44
Return on Total Capital	9.54	2	4.32	3.61	4.26
Return On Equity %	15.58	-7.85	2.99	-4.98	5.98
Return on Common Equity	15.03	-10.06	0.52	-9.57	5.03
Margin Analysis
Gross Profit Margin %	13.97	10.06	12.06	12.66	13.44
SG&A Margin	4.43	4.99	4.45	4.81	4.74
EBITDA Margin %	9.91	5.97	8.46	6.81	8.47
EBITA Margin %	7.18	2.73	5.49	3.48	5.36
EBIT Margin %	6.86	2.11	4.9	3.48	4.49
Income From Continuing Operations Margin %	3.74	-2.19	0.72	-0.98	1.36
Net Income Margin %	3.32	-2.58	-0.5	-1.5	0.82
Net Avail. For Common Margin %	3.32	-2.58	0.11	-1.5	0.84
Normalized Net Income Margin	3.25	-0.03	1.44	0.61	1.35
Levered Free Cash Flow Margin	2.78	2.2	2.85	1.47	2.5
Unlevered Free Cash Flow Margin	3.48	3.07	3.81	2.42	3.84
Asset Turnover
Asset Turnover	1.16	0.82	0.77	0.94	0.87
Fixed Assets Turnover	5.34	3.86	4.18	5.1	4.5
Receivables Turnover (Average Receivables)	7.8	4.71	4.32	5.61	5.66
Inventory Turnover (Average Inventory)