Cash flow Garrett Motion Inc.

Equities

GTX

US3665051054

Auto, Truck & Motorcycle Parts

Market Closed - Nasdaq Other stock markets 21:00:00 11/09/2024 BST			5-day change	1st Jan Change
7.800 ^USD	+1.83%		-4.53%	-19.34%

07-25	Garrett Motion Shares Fall After Company Posts Lower Q2 Net Sales, Cuts 2024 Revenue Guidance	MT
07-25	Transcript : Garrett Motion Inc., Q2 2024 Earnings Call, Jul 25, 2024

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Published financial data: GARRETT MOTION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.25B	3.03B	3.63B	3.6B	3.89B
Total Revenues	3.25B	3.03B	3.63B	3.6B	3.89B
Cost of Goods Sold, Total	2.54B	2.47B	2.91B	2.92B	3.13B
Gross Profit	713M	566M	723M	687M	756M
Selling General & Admin Expenses, Total	229M	280M	203M	179M	240M
Other Operating Expenses	-	2M	-	-	-
Other Operating Expenses, Total	229M	282M	203M	179M	240M
Operating Income	484M	284M	520M	508M	516M
Interest Expense, Total	-68M	-79M	-93M	-82M	-159M
Interest And Investment Income	7M	3M	11M	76M	7M
Net Interest Expenses	-61M	-76M	-82M	-6M	-152M
Income (Loss) On Equity Invest.	6M	5M	7M	7M	7M
Currency Exchange Gains (Loss)	-13M	35M	-14M	-3M	-6M
Other Non Operating Income (Expenses)	-1M	-2M	-2M	2M	-18M
EBT, Excl. Unusual Items	415M	246M	429M	508M	347M
Restructuring Charges	-2M	-10M	-16M	-4M	-
Legal Settlements	-11M	-3M	-	-	-
Other Unusual Items	-56M	-114M	125M	-8M	-
EBT, Incl. Unusual Items	346M	119M	538M	496M	347M
Income Tax Expense	33M	39M	43M	106M	86M
Earnings From Continuing Operations	313M	80M	495M	390M	261M
Net Income to Company	313M	80M	495M	390M	261M
Net Income - (IS)	313M	80M	495M	390M	261M
Preferred Dividend and Other Adjustments	-	-	377M	341M	312M
Net Income to Common Incl Extra Items	313M	80M	118M	49M	-51M
Net Income to Common Excl. Extra Items	313M	80M	118M	49M	-51M
Per Share Items
Net EPS - Basic	4.2	1.06	1.69	0.76	-0.31
Basic EPS - Continuing Operations	4.2	1.06	1.69	0.76	-0.31
Basic Weighted Average Shares Outstanding	74.6M	75.54M	69.71M	64.71M	167M
Net EPS - Diluted	4.12	1.05	1.56	0.75	-0.31
Diluted EPS - Continuing Operations	4.12	1.05	1.56	0.75	-0.31
Diluted Weighted Average Shares Outstanding	75.93M	76.1M	318M	65.08M	167M
Normalized Basic EPS	3.48	2.04	3.85	4.91	1.3
Normalized Diluted EPS	3.42	2.02	0.84	4.88	1.3
Payout Ratio	-	-	-	21.28	16.09
Supplemental Items
EBITDA	557M	370M	612M	592M	606M
EBITA	484M	284M	520M	508M	516M
EBIT	484M	284M	520M	508M	516M
EBITDAR	571M	385M	627M	608M	622M
Effective Tax Rate - (Ratio)	9.54	32.77	7.99	21.37	24.78
Current Domestic Taxes	-	-	-1M	10M	12M
Current Foreign Taxes	-	-	80M	50M	50M
Total Current Taxes	74M	73M	79M	60M	62M
Deferred Domestic Taxes	-	-	-11M	9M	-13M
Deferred Foreign Taxes	-	-	-25M	37M	37M
Total Deferred Taxes	-41M	-34M	-36M	46M	24M
Normalized Net Income	259M	154M	268M	318M	217M
Interest on Long-Term Debt	-	-	-	82M	159M
Non-Cash Pension Expense	8M	5M	-12M	-37M	-7M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	134M	124M	158M	164M	209M
Net Rental Expense, Total	14M	15M	15M	16M	16M
Imputed Operating Lease Interest Expense	5.01M	5.28M	5.91M	7.41M	14.06M
Imputed Operating Lease Depreciation	8.99M	9.72M	9.09M	8.59M	1.94M
Stock-Based Comp., SG&A Exp. (Total)	18M	17M	11M	11M	14M
Stock-Based Comp., Other (Total)	-	-	13M	-	-
Total Stock-Based Compensation	18M	17M	24M	11M	14M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	187M	592M	423M	246M	259M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	187M	592M	423M	246M	259M
Accounts Receivable, Total	570M	612M	548M	610M	608M
Other Receivables	69M	99M	93M	142M	117M
Notes Receivable	68M	152M	121M	105M	101M
Total Receivables	707M	863M	762M	857M	826M
Inventory	220M	235M	244M	270M	263M
Prepaid Expenses	-	62M	13M	16M	15M
Restricted Cash	-	101M	41M	2M	1M
Other Current Assets, Total	85M	26M	28M	40M	42M
Total Current Assets	1.2B	1.88B	1.51B	1.43B	1.41B
Gross Property Plant And Equipment	1.34B	1.49B	1.5B	1.5B	1.58B
Accumulated Depreciation	-830M	-946M	-969M	-983M	-1.06B
Net Property Plant And Equipment	506M	541M	536M	514M	517M
Long-term Investments	36M	30M	28M	30M	75M
Goodwill	193M	193M	193M	193M	193M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	268M	275M	289M	232M	216M
Other Long-Term Assets, Total	73M	99M	149M	237M	120M
Total Assets	2.28B	3.02B	2.71B	2.64B	2.53B
Liabilities
Accounts Payable, Total	1.01B	1.1B	1.01B	1.05B	1.07B
Accrued Expenses, Total	115M	117M	121M	116M	129M
Short-term Borrowings	-	570M	-	-	-
Current Portion of Long-Term Debt	4M	-	207M	7M	7M
Current Portion of Leases	8M	5M	9M	9M	9M
Current Income Taxes Payable	33M	37M	25M	39M	42M
Unearned Revenue Current, Total	-	-	5M	-	9M
Other Current Liabilities	223M	174M	135M	156M	104M
Total Current Liabilities	1.39B	2B	1.51B	1.38B	1.37B
Long-Term Debt	1.41B	1.53B	1.38B	1.15B	1.65B
Long-Term Leases	28M	34M	42M	36M	33M
Pension & Other Post Retirement Benefits	94M	106M	61M	21M	23M
Deferred Tax Liability Non Current	51M	2M	21M	25M	27M
Other Non Current Liabilities	1.43B	1.65B	166M	148M	159M
Total Liabilities	4.41B	5.32B	3.17B	2.75B	3.26B
Additional Paid In Capital	19M	28M	1.33B	1.33B	1.19B
Retained Earnings	-2.28B	-2.21B	-1.79B	-1.48B	-1.92B
Comprehensive Income and Other	130M	-129M	-4M	36M	-3M
Total Common Equity	-2.13B	-2.31B	-468M	-116M	-735M
Total Equity	-2.13B	-2.31B	-468M	-116M	-735M
Total Liabilities And Equity	2.28B	3.02B	2.71B	2.64B	2.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	74.83M	75.81M	64.52M	64.84M	238M
ECS Total Common Shares Outstanding	74.83M	75.81M	64.57M	64.83M	238M
Book Value / Share	-28.51	-30.44	-7.25	-1.79	-3.09
Tangible Book Value	-2.33B	-2.5B	-661M	-309M	-928M
Tangible Book Value Per Share	-31.09	-32.99	-10.24	-4.77	-3.9
Total Debt	1.45B	2.14B	1.63B	1.2B	1.7B
Net Debt	1.26B	1.55B	1.21B	954M	1.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	78M	88M	32M	14M	9M
Debt Equivalent Oper. Leases	112M	120M	120M	128M	128M
Account Code - Inventory Valuation	5	-	-	5	5
Inventories - Raw Materials, Total	142M	160M	162M	203M	198M
Inventories - Work In Process, Total	18M	19M	19M	18M	21M
Inventories - Finished Goods, Total	85M	97M	92M	80M	85M
Land - (BS)	16M	17M	16M	15M	14M
Buildings, Total	141M	153M	149M	144M	153M
Machinery, Total	963M	1.1B	1.1B	1.1B	1.17B
Full Time Employees	6.2K	6.3K	6.5K	7.3K	7.6K
Accumulated Allowance for Doubtful Accounts (Supple)	4M	13M	5M	9M	6M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	313M	80M	495M	390M	261M
Depreciation & Amortization - CF	73M	86M	92M	84M	90M
Depreciation & Amortization, Total	73M	86M	92M	84M	90M
Amortization of Deferred Charges, Total - (CF)	9M	7M	26M	8M	20M
Asset Writedown & Restructuring Costs	-	60M	-435M	-	-
Stock-Based Compensation (CF)	18M	10M	7M	11M	14M
Other Operating Activities, Total	15M	-33M	-41M	-61M	79M
Change In Accounts Receivable	32M	-162M	18M	-102M	1M
Change In Inventories	-60M	-14M	-31M	-48M	12M
Change In Accounts Payable	87M	41M	-75M	108M	8M
Change in Other Net Operating Assets	-245M	-50M	-366M	-15M	-20M
Cash from Operations	242M	25M	-310M	375M	465M
Capital Expenditure	-102M	-80M	-72M	-91M	-83M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	16M	-	1M	-	28M
Cash from Investing	-86M	-80M	-71M	-91M	-55M
Short Term Debt Issued, Total	745M	1.65B	-	-	-
Long-Term Debt Issued, Total	-	-	1.22B	-	667M
Total Debt Issued	745M	1.65B	1.22B	-	667M
Short Term Debt Repaid, Total	-745M	-1.1B	-570M	-	-
Long-Term Debt Repaid, Total	-163M	-2M	-1.52B	-7M	-207M
Total Debt Repaid	-908M	-1.1B	-2.09B	-7M	-207M
Repurchase of Common Stock	-	-	-4M	-7M	-213M
Issuance of Preferred Stock	-	-	1.3B	-	-
Repurchase of Preferred Stock	-	-	-216M	-381M	-580M
Preferred Dividends Paid	-	-	-	-83M	-42M
Common & Preferred Stock Dividends Paid	-	-	-	-83M	-42M
Other Financing Activities, Total	-	-17M	-76M	-4M	-28M
Cash from Financing	-163M	530M	139M	-482M	-403M
Foreign Exchange Rate Adjustments	-2M	31M	13M	-18M	5M
Net Change in Cash	-9M	506M	-229M	-216M	12M
Supplemental Items
Cash Interest Paid	54M	63M	61M	65M	89M
Cash Income Tax Paid (Refund)	93M	44M	61M	42M	60M
Levered Free Cash Flow	192M	-67.88M	405M	248M	301M
Unlevered Free Cash Flow	234M	-18.5M	444M	300M	380M
Change In Net Working Capital	66M	226M	-68M	30M	-37M
Net Debt Issued / Repaid	-163M	547M	-866M	-7M	460M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.75	6.71	11.36	11.88	12.49
Return on Total Capital	-37.6	-41.86	65	28.22	31.56
Return On Equity %	-13.46	-3.6	-35.66	-133.56	-61.34
Return on Common Equity	-13.46	-3.6	-8.5	-16.78	11.99
Margin Analysis
Gross Profit Margin %	21.95	18.66	19.9	19.07	19.45
SG&A Margin	7.05	9.23	5.59	4.97	6.18
EBITDA Margin %	17.15	12.2	16.85	16.43	15.59
EBITA Margin %	14.9	9.36	14.31	14.1	13.28
EBIT Margin %	14.9	9.36	14.31	14.1	13.28
Income From Continuing Operations Margin %	9.64	2.64	13.63	10.82	6.72
Net Income Margin %	9.64	2.64	13.63	10.82	6.72
Net Avail. For Common Margin %	9.64	2.64	3.25	1.36	-1.31
Normalized Net Income Margin	7.99	5.07	7.38	8.81	5.58
Levered Free Cash Flow Margin	5.91	-2.24	11.14	6.89	7.75
Unlevered Free Cash Flow Margin	7.22	-0.61	12.22	8.31	9.79
Asset Turnover
Asset Turnover	1.48	1.15	1.27	1.35	1.51
Fixed Assets Turnover	6.88	5.8	6.75	6.86	7.54
Receivables Turnover (Average Receivables)	5.6	5.13	6.26	6.22	6.38
Inventory Turnover (Average Inventory)	12.93	10.85	12.15	11.35	11.74
Short Term Liquidity
Current Ratio	0.86	0.94	1	1.04	1.02
Quick Ratio	0.59	0.65	0.71	0.73	0.72
Operating Cash Flow to Current Liabilities	0.17	0.01	-0.21	0.27	0.34
Days Sales Outstanding (Average Receivables)	65.18	71.29	58.27	58.66	57.2
Days Outstanding Inventory (Average Inventory)	28.22	33.74	30.04	32.17	31.08
Average Days Payable Outstanding	136.01	155.51	131.73	127.41	124
Cash Conversion Cycle (Average Days)	-42.61	-50.48	-43.42	-36.59	-35.73
Long Term Solvency
Total Debt/Equity	-67.93	-92.81	-349.15	-1.03K	-230.61
Total Debt / Total Capital	-211.84	-1.29K	140.14	110.7	176.56
LT Debt/Equity	-67.37	-67.89	-302.99	-1.02K	-228.44
Long-Term Debt / Total Capital	-210.09	-943.98	121.61	109.22	174.9
Total Liabilities / Total Assets	193.76	176.5	117.29	104.4	129.09
EBIT / Interest Expense	7.12	3.59	5.59	6.2	3.25
EBITDA / Interest Expense	8.4	4.87	6.74	7.41	3.91