Balance Sheet Hanwha Aerospace Co., Ltd.

Equities

A012450

KR7012450003

Aerospace & Defense

End-of-day quote Korea S.E. Other stock markets 28/08/2024			5-day change	1st Jan Change
322,122.11 ^KRW	+2.11%		+0.00%	+132.93%

09-10	Hanwha Aerospace, Hanwha Ocean, Hanwha Systems to Hire 600 Junior Employees	MT
09-06	Hanwha Aerospace, Poland's WB Group Sign MOU for Potential Joint Rocket Production	MT

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Published financial data: HANWHA AEROSPACE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5,264B	5,321B	6,415B	6,540B	9,359B
Other Revenues, Total	-10	-	-	-10	-
Total Revenues	5,264B	5,321B	6,415B	6,540B	9,359B
Cost of Goods Sold, Total	4,245B	4,253B	5,121B	5,216B	7,224B
Gross Profit	1,019B	1,069B	1,294B	1,323B	2,135B
Selling General & Admin Expenses, Total	572B	561B	652B	706B	1,029B
Provision for Bad Debts	14.27B	13.89B	1.01B	-1.51B	4.17B
R&D Expenses	173B	160B	174B	154B	309B
Depreciation & Amortization - (IS)	39.7B	41.48B	34.22B	34.45B	45.49B
Amortization of Goodwill and Intangible Assets - (IS)	43.37B	40.68B	39.53B	42.11B	40.24B
Other Operating Expenses	10.37B	8.18B	10.33B	10.78B	15.57B
Other Operating Expenses, Total	853B	825B	912B	946B	1,444B
Operating Income	165B	243B	382B	378B	691B
Interest Expense, Total	-59.4B	-66.29B	-64.02B	-80.33B	-170B
Interest And Investment Income	14.43B	14.28B	13.94B	47.54B	84.78B
Net Interest Expenses	-44.98B	-52.01B	-50.07B	-32.79B	-84.99B
Income (Loss) On Equity Invest.	8.18B	-2.45B	-28.6B	-21.03B	-28.27B
Currency Exchange Gains (Loss)	1.74B	-5.65B	2.31B	-50.44B	8.05B
Other Non Operating Income (Expenses)	30.55B	120M	64.97B	-2.92B	600B
EBT, Excl. Unusual Items	161B	183B	370B	270B	1,186B
Gain (Loss) On Sale Of Investments	473M	-3.78B	37.17B	-68.73B	43.23B
Gain (Loss) On Sale Of Assets	699M	5.41B	243M	616M	954M
Asset Writedown	-5.6B	-13.16B	-2.47B	-27.75B	-15.94B
Other Unusual Items	-	-	-	-7.18M	651M
EBT, Incl. Unusual Items	156B	172B	405B	175B	1,215B
Income Tax Expense	-6.14B	7.08B	104B	60.09B	238B
Earnings From Continuing Operations	162B	165B	302B	115B	977B
Earnings Of Discontinued Operations	-	-	-	37.5B	-
Net Income to Company	162B	165B	302B	152B	977B
Minority Interest	-30.22B	-43.31B	-49.18B	48.8B	-159B
Net Income - (IS)	132B	121B	253B	201B	818B
Net Income to Common Incl Extra Items	132B	121B	253B	201B	818B
Net Income to Common Excl. Extra Items	132B	121B	253B	163B	818B
Per Share Items
Net EPS - Basic	2.84K	2.65K	5.54K	4.4K	17.89K
Basic EPS - Continuing Operations	2.84K	2.65K	5.54K	3.58K	17.89K
Basic Weighted Average Shares Outstanding	46.53M	45.74M	45.58M	45.61M	45.71M
Net EPS - Diluted	2.84K	2.65K	5.54K	4.4K	17.89K
Diluted EPS - Continuing Operations	2.84K	2.65K	5.54K	3.58K	17.89K
Diluted Weighted Average Shares Outstanding	46.53M	45.74M	45.58M	45.61M	45.71M
Normalized Basic EPS	1.51K	1.56K	4K	4.78K	12.73K
Normalized Diluted EPS	1.51K	1.56K	4K	4.78K	12.73K
Dividend Per Share	-	666.46	777.54	1.11K	2K
Payout Ratio	5.84	14.36	17.14	17.63	6.19
Supplemental Items
EBITDA	384B	489B	619B	635B	1,030B
EBITA	239B	318B	457B	459B	769B
EBIT	165B	243B	382B	378B	691B
EBITDAR	390B	495B	626B	640B	1,037B
Effective Tax Rate - (Ratio)	-3.93	4.12	25.55	34.41	19.58
Normalized Net Income	70.23B	71.28B	182B	218B	582B
Supplemental Operating Expense Items
Advertising Expense	37.15B	43.14B	38.25B	60.6B	87.73B
Marketing Expenses	4.02B	3.44B	4.31B	5.63B	10.52B
Selling and Marketing Expenses	206B	190B	223B	263B	312B
General and Administrative Expenses	20.06B	19.32B	23.42B	22.31B	30.65B
Research And Development Expense From Footnotes	173B	160B	174B	154B	309B
Net Rental Expense, Total	5.62B	6.32B	6.36B	5.25B	6.97B
Imputed Operating Lease Interest Expense	1.37B	1.44B	1.24B	1.08B	2.42B
Imputed Operating Lease Depreciation	4.25B	4.88B	5.12B	4.17B	4.55B
Maintenance & Repair Expenses, Total	3.15B	1.75B	1.67B	1.72B	2.73B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1,000B	1,331B	2,528B	3,043B	1,806B
Short Term Investments	123B	65.24B	97.69B	119B	98.67B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1,123B	1,396B	2,626B	3,163B	1,905B
Accounts Receivable, Total	1,241B	1,022B	1,009B	1,360B	2,034B
Other Receivables	48.34B	18.88B	24.03B	72.56B	84.64B
Notes Receivable	76.31M	122M	200M	3.47B	2.04B
Total Receivables	1,289B	1,041B	1,034B	1,436B	2,121B
Inventory	1,330B	1,591B	1,605B	2,014B	2,869B
Prepaid Expenses	39.18B	34.1B	43.32B	63.07B	59.69B
Other Current Assets, Total	771B	1,060B	905B	1,494B	2,194B
Total Current Assets	4,552B	5,122B	6,212B	8,170B	9,147B
Gross Property Plant And Equipment	2,953B	3,176B	3,298B	4,981B	5,679B
Accumulated Depreciation	-1,046B	-1,143B	-1,251B	-1,835B	-2,038B
Net Property Plant And Equipment	1,906B	2,032B	2,048B	3,146B	3,641B
Long-term Investments	125B	152B	462B	800B	3,855B
Goodwill	955B	945B	959B	995B	1,014B
Other Intangibles, Total	570B	525B	522B	521B	546B
Accounts Receivable Long-Term	28.44B	17.94B	8.31B	0	77.52B
Loans Receivable Long-Term	4.12B	7.94B	9.06B	16.95B	21.14B
Deferred Tax Assets Long-Term	132B	164B	163B	232B	243B
Deferred Charges Long-Term	356B	426B	496B	605B	643B
Other Long-Term Assets, Total	79.17B	73.31B	166B	672B	354B
Total Assets	8,708B	9,465B	11,046B	15,157B	19,543B
Liabilities
Accounts Payable, Total	392B	356B	430B	547B	919B
Accrued Expenses, Total	214B	234B	259B	385B	569B
Short-term Borrowings	464B	312B	407B	856B	1,374B
Current Portion of Long-Term Debt	39.97B	384B	375B	733B	1,165B
Current Portion of Leases	29.67B	29.89B	33B	42.17B	70.98B
Current Income Taxes Payable	25.38B	37.74B	96.79B	82.81B	131B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	2,164B	2,545B	2,729B	5,622B	7,845B
Total Current Liabilities	3,329B	3,900B	4,330B	8,268B	12,073B
Long-Term Debt	1,588B	1,648B	1,849B	1,715B	1,412B
Long-Term Leases	53.07B	104B	116B	131B	160B
Pension & Other Post Retirement Benefits	474B	460B	448B	515B	605B
Deferred Tax Liability Non Current	86.41B	80.11B	66.9B	76.19B	121B
Other Non Current Liabilities	322B	283B	305B	526B	484B
Total Liabilities	5,853B	6,475B	7,114B	11,231B	14,855B
Preferred Stock Redeemable	-	-	-	2.42B	3.8B
Total Preferred Equity	-	-	-	2.42B	3.8B
Common Stock, Total	266B	266B	266B	266B	266B
Additional Paid In Capital	412B	413B	429B	217B	192B
Retained Earnings	1,476B	1,581B	1,812B	2,020B	2,627B
Treasury Stock	-	-482M	-2.2B	-2.2B	-2.2B
Comprehensive Income and Other	332B	339B	385B	362B	446B
Total Common Equity	2,486B	2,598B	2,889B	2,863B	3,528B
Minority Interest	369B	392B	1,042B	1,061B	1,156B
Total Equity	2,855B	2,990B	3,932B	3,926B	4,688B
Total Liabilities And Equity	8,708B	9,465B	11,046B	15,157B	19,543B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	46.42M	45.56M	45.53M	45.53M	45.53M
ECS Total Common Shares Outstanding	46.42M	45.56M	45.53M	45.53M	45.53M
Book Value / Share	53.56K	57.01K	63.46K	62.88K	77.5K
Tangible Book Value	961B	1,128B	1,408B	1,347B	1,968B
Tangible Book Value Per Share	20.7K	24.75K	30.93K	29.59K	43.23K
Total Debt	2,175B	2,478B	2,781B	3,478B	4,181B
Net Debt	1,052B	1,082B	155B	315B	2,276B
Debt Equivalent Oper. Leases	44.94B	50.54B	50.9B	41.96B	55.76B
Minority Interest, Total (Incl. Fin. Div)	369B	392B	1,042B	1,061B	1,156B
Equity Method Investments, Total	64.44B	84.91B	182B	88.16B	3,204B
Inventories - Raw Materials, Total	470B	535B	592B	755B	1,085B
Inventories - Work In Process, Total	662B	833B	769B	882B	1,392B
Inventories - Finished Goods, Total	249B	279B	293B	464B	493B
Inventories - Others	110	210	-250	90	240
Land - (BS)	903B	940B	903B	1,386B	1,565B
Buildings, Total	605B	636B	645B	1,234B	1,350B
Machinery, Total	999B	1,058B	1,178B	1,611B	1,729B
Accumulated Allowance for Doubtful Accounts (Supple)	26.48B	18.41B	12.69B	6.67B	11.09B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	132B	121B	253B	201B	818B
Depreciation & Amortization - CF	145B	171B	162B	176B	261B
Amortization of Goodwill and Intangible Assets - (CF)	73.49B	74.76B	75.2B	81.53B	78.29B
Depreciation & Amortization, Total	219B	246B	237B	257B	339B
(Gain) Loss From Sale Of Asset	-483M	-5.04B	-243M	-664M	-954M
(Gain) Loss on Sale of Investments - (CF)	-690M	3.78B	-37.17B	68.72B	-43.23B
Asset Writedown & Restructuring Costs	5.6B	13.16B	2.47B	27.75B	15.94B
(Income) Loss On Equity Investments - (CF)	-8.18B	2.09B	28.6B	21.03B	28.27B
Stock-Based Compensation (CF)	-	-	13.34B	27.61B	63.96B
Provision and Write-off of Bad Debts	14.26B	13.28B	-234M	-3.09B	3.87B
Other Operating Activities, Total	126B	162B	182B	131B	-296B
Change In Accounts Receivable	-88.37B	-4.84B	34.4B	-283B	-567B
Change In Inventories	47.24B	-295B	6.86B	-277B	-714B
Change In Accounts Payable	99.85B	-35.63B	42.24B	185B	221B
Change in Other Net Operating Assets	169B	214B	228B	1,168B	1,521B
Cash from Operations	715B	435B	990B	1,524B	1,390B
Capital Expenditure	-154B	-189B	-166B	-197B	-453B
Sale of Property, Plant, and Equipment	3.3B	2.11B	5.6B	5.15B	3.17B
Cash Acquisitions	-233B	-4.3B	-6.43B	-355B	-72.26B
Divestitures	-	-	-	188B	-
Sale (Purchase) of Intangible assets	-145B	-139B	-159B	-148B	-118B
Investment in Marketable and Equity Securities, Total	-89.22B	15.7B	-278B	-725B	-2,395B
Net (Increase) Decrease in Loans Originated / Sold - Investing	235M	-3.85B	-1.49B	-3.81B	-2.33B
Other Investing Activities, Total	-26.9B	20.02B	-1.42B	10.86B	8.58B
Cash from Investing	-644B	-299B	-607B	-1,225B	-3,029B
Short Term Debt Issued, Total	1,434B	1,834B	1,503B	1,752B	2,597B
Long-Term Debt Issued, Total	944B	485B	763B	309B	807B
Total Debt Issued	2,379B	2,318B	2,266B	2,062B	3,404B
Short Term Debt Repaid, Total	-1,473B	-1,731B	-1,435B	-1,358B	-2,193B
Long-Term Debt Repaid, Total	-690B	-345B	-605B	-441B	-766B
Total Debt Repaid	-2,163B	-2,076B	-2,040B	-1,799B	-2,959B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-15.53B	-25.67B	-1.72B	-	-
Common & Preferred Stock Dividends Paid	-7.71B	-17.43B	-43.29B	-35.4B	-50.57B
Common & Preferred Stock Dividends Paid	-7.71B	-17.43B	-43.29B	-35.4B	-50.57B
Other Financing Activities, Total	97.5B	-739M	632B	-11.11B	-26.64B
Cash from Financing	289B	199B	813B	216B	368B
Foreign Exchange Rate Adjustments	2.43B	-4.4B	7.7B	26.21B	7.68B
Miscellaneous Cash Flow Adjustments	-	-	-6.41B	-26.65B	-
Net Change in Cash	363B	331B	1,197B	515B	-1,263B
Supplemental Items
Cash Interest Paid	52.83B	61.74B	63.29B	80.55B	157B
Cash Income Tax Paid (Refund)	22.05B	42.86B	64B	147B	140B
Levered Free Cash Flow	243B	109B	592B	1,799B	1,140B
Unlevered Free Cash Flow	281B	151B	632B	1,849B	1,247B
Change In Net Working Capital	-257B	-81.62B	-481B	-1,700B	-1,047B
Net Debt Issued / Repaid	215B	243B	226B	263B	445B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.28	1.67	2.33	1.8	2.49
Return on Total Capital	2.2	2.9	3.92	3.34	5.26
Return On Equity %	5.92	5.64	8.72	2.92	22.69
Return on Common Equity	5.45	4.78	9.21	5.68	25.6
Margin Analysis
Gross Profit Margin %