Balance Sheet Harbour Energy plc

Equities

PMO

GB00BMBVGQ36

Oil & Gas Exploration and Production

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94e2916d2b202c7ed8204442d8054ae.Ppjx0UdnXJ9TklzhG7NNE9EC3Y7Bh0_QNjzCkmt8a_4.btzEnCUMaf4G4wSQNvl8Q-dz6umV_TicXRGa_z8vDLF964u4PSgb72SgZA

Published financial data: HARBOUR ENERGY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.36B	2.41B	3.48B	5.39B	3.72B
Other Revenues, Total	-	-	-	-	36M
Total Revenues	2.36B	2.41B	3.48B	5.39B	3.75B
Cost of Goods Sold, Total	1.52B	1.83B	2.45B	2.84B	2.36B
Gross Profit	841M	586M	1.03B	2.55B	1.39B
Selling General & Admin Expenses, Total	37.29M	48.58M	71.4M	121M	149M
Exploration / Drilling Costs, Total	15.03M	13.17M	49.8M	41.5M	36M
Impairment of Oil, Gas & Mineral Properties - (IS)	222K	805M	372M	-105M	271M
Other Operating Expenses	48.63M	82.39M	-61.2M	23.9M	156M
Other Operating Expenses, Total	101M	949M	432M	81.5M	612M
Operating Income	740M	-362M	593M	2.46B	782M
Interest Expense, Total	-159M	-138M	-153M	-134M	-103M
Interest And Investment Income	31.61M	7.46M	4.1M	30.2M	25M
Net Interest Expenses	-128M	-130M	-149M	-104M	-78M
Currency Exchange Gains (Loss)	-82.17M	-36.15M	-53.3M	202M	-48M
Other Non Operating Income (Expenses)	-37.04M	-37.53M	-59.1M	-112M	-34M
EBT, Excl. Unusual Items	493M	-566M	332M	2.45B	622M
Merger & Related Restructuring Charges	-38.2M	-	-31.1M	-	-
Impairment of Goodwill	-	-411M	-	-	-25M
Gain (Loss) On Sale Of Assets	-	-55K	-	12.1M	-
Other Unusual Items	574K	89K	13.9M	-	-
EBT, Incl. Unusual Items	456M	-978M	314M	2.46B	597M
Income Tax Expense	237M	-199M	213M	2.45B	565M
Earnings From Continuing Operations	219M	-778M	101M	8.2M	32M
Net Income to Company	219M	-778M	101M	8.2M	32M
Net Income - (IS)	219M	-778M	101M	8.2M	32M
Net Income to Common Incl Extra Items	219M	-778M	101M	8.2M	32M
Net Income to Common Excl. Extra Items	219M	-778M	101M	8.2M	32M
Per Share Items
Net EPS - Basic	43.57	-154.96	0.12	0.01	0.04
Basic EPS - Continuing Operations	43.57	-154.96	0.12	0.01	0.04
Basic Weighted Average Shares Outstanding	5.02M	5.02M	871M	900M	804M
Net EPS - Diluted	43.57	-154.96	0.12	0.01	0.04
Diluted EPS - Continuing Operations	43.57	-154.96	0.12	0.01	0.04
Diluted Weighted Average Shares Outstanding	5.02M	5.02M	872M	912M	806M
Normalized Basic EPS	61.36	-70.46	0.24	1.7	0.48
Normalized Diluted EPS	61.36	-70.46	0.24	1.68	0.48
Dividend Per Share	-	-	0.11	0.23	0.25
Payout Ratio	-	-	-	2.34K	593.75
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.65B	1.64B	2.2B	3.7B	2.27B
EBITA	742M	-344M	621M	2.49B	805M
EBIT	740M	-362M	593M	2.46B	782M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	2.37B	2.44B	-	5.43B	3.75B
Effective Tax Rate - (Ratio)	51.96	20.38	67.85	99.67	94.64
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	94.82M	336M	192M	706M	677M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	142M	-535M	21.3M	1.75B	-112M
Normalized Net Income	308M	-354M	207M	1.53B	389M
Interest Capitalized	-	-	800K	1M	7M
Interest on Long-Term Debt	172M	148M	136M	124M	100M
Non-Cash Pension Expense	-	-	0	0	-
Supplemental Operating Expense Items
General and Administrative Expenses	37.29M	48.58M	71.4M	121M	149M
Exploration/Drilling Costs	15.03M	13.17M	49.8M	41.5M	36M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	10.9M	3.6M	-	-	-
Stock-Based Comp., Other (Total)	-	8.2M	13.4M	36.9M	46M
Total Stock-Based Compensation	10.9M	11.8M	13.4M	36.9M	46M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	573M	445M	699M	500M	280M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	3.3M	24.3M	-
Total Cash And Short Term Investments	573M	445M	702M	524M	280M
Accounts Receivable, Total	187M	190M	364M	392M	359M
Other Receivables	196M	121M	153M	157M	85M
Total Receivables	382M	310M	517M	549M	444M
Inventory	147M	161M	211M	143M	200M
Prepaid Expenses	60.42M	60.98M	677M	785M	223M
Other Current Assets, Total	225M	313M	186M	126M	669M
Total Current Assets	1.39B	1.29B	2.29B	2.13B	1.82B
Gross Property Plant And Equipment	9.55B	10.15B	12.6B	12.21B	13.12B
Accumulated Depreciation	-1.65B	-3.5B	-4.81B	-5.78B	-7.82B
Net Property Plant And Equipment	7.9B	6.65B	7.8B	6.42B	5.3B
Long-term Investments	-	-	8.3M	18.2M	-
Goodwill	1.4B	990M	1.33B	1.33B	1.3B
Other Intangibles, Total	431M	454M	874M	880M	1.17B
Accounts Receivable Long-Term	-	-	52.9M	44M	1M
Deferred Tax Assets Long-Term	-	-	1.94B	1.41B	7M
Deferred Charges Long-Term	-	-	-	-	42M
Other Long-Term Assets, Total	205M	93.95M	212M	338M	253M
Total Assets	11.33B	9.48B	14.5B	12.57B	9.9B
Liabilities
Accounts Payable, Total	116M	108M	121M	47.2M	52M
Accrued Expenses, Total	436M	272M	482M	682M	600M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	617M	21.55M	62.3M	21.5M	16M
Current Portion of Leases	79.52M	60.12M	165M	221M	199M
Current Income Taxes Payable	-	153M	117M	199M	442M
Unearned Revenue Current, Total	-	34.11M	45M	14.5M	10M
Other Current Liabilities	348M	390M	3.11B	2.91B	893M
Total Current Liabilities	1.6B	1.04B	4.1B	4.1B	2.21B
Long-Term Debt	2.21B	2.16B	2.82B	1.22B	493M
Long-Term Leases	145M	80.82M	489M	604M	474M
Unearned Revenue Non Current	-	-	4.7M	8M	-
Deferred Tax Liability Non Current	1.65B	1.03B	187M	397M	1.26B
Other Non Current Liabilities	3.82B	4.1B	6.42B	5.22B	3.92B
Total Liabilities	9.42B	8.42B	14.03B	11.54B	8.36B
Preferred Stock Redeemable	-	-	-	-	-
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	71K	71K	171M	171M	-
Additional Paid In Capital	910M	910M	1.5B	-	-
Retained Earnings	730M	-36.8M	74.6M	1.46B	1.08B
Comprehensive Income and Other	269M	194M	-1.28B	-606M	460M
Total Common Equity	1.91B	1.07B	474M	1.02B	1.54B
Total Equity	1.91B	1.07B	474M	1.02B	1.54B
Total Liabilities And Equity	11.33B	9.48B	14.5B	12.57B	9.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.02M	5.02M	926M	847M	770M
ECS Total Common Shares Outstanding	5.02M	5.02M	926M	847M	770M
Book Value / Share	380.01	212.47	0.51	1.21	2
Tangible Book Value	74.09M	-377M	-1.73B	-1.19B	-934M
Tangible Book Value Per Share	14.75	-75.01	-1.87	-1.4	-1.21
Total Debt	3.05B	2.33B	3.54B	2.06B	1.18B
Net Debt	2.47B	1.88B	2.84B	1.54B	902M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-16M	-13.1M	-
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	6
Inventories - Raw Materials, Total	121M	126M	146M	121M	179M
Inventories - Finished Goods, Total	35.17M	34.11M	65.4M	21.5M	49M
Inventories - Others	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	60.31M	22.87M	30.8M	38.3M	42M
Full Time Employees	563	1.8K	1.77K	1.82K	1.72K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	219M	-778M	101M	8.2M	32M
Depreciation & Amortization - CF	915M	1.2B	1.34B	1.52B	1.41B
Amortization of Goodwill and Intangible Assets - (CF)	2.1M	18.94M	27.7M	22.1M	23M
Impairment of Oil, Gas & Mineral Properties - (CF)	222K	805M	372M	-105M	271M
Depreciation & Amortization, Total	917M	2.03B	1.74B	1.44B	1.7B
(Gain) Loss From Sale Of Asset	-	55K	100K	-12.1M	-
Asset Writedown & Restructuring Costs	-	411M	4.7M	-	25M
Stock-Based Compensation (CF)	10.9M	11.8M	8.4M	16.5M	20M
Other Operating Activities, Total	382M	-252M	364M	1.62B	-40M
Change In Accounts Receivable	-6.09M	41.53M	-607M	-75.7M	519M
Change In Inventories	208K	-11.19M	-13M	65M	-52M
Change In Accounts Payable	-4.86M	-76.34M	13.5M	63.2M	-61M
Cash from Operations	1.52B	1.37B	1.61B	3.13B	2.14B
Capital Expenditure	-530M	-598M	-644M	-609M	-698M
Sale of Property, Plant, and Equipment	-	20K	-	-	3M
Cash Acquisitions	-2.26B	-12.5M	51.4M	-19.9M	-
Sale (Purchase) of Intangible assets	-	-	-	-29.7M	-101M
Other Investing Activities, Total	9.45M	7.46M	21.5M	30.4M	103M
Cash from Investing	-2.78B	-603M	-571M	-629M	-693M
Long-Term Debt Issued, Total	1.87B	170M	2.16B	11.5M	660M
Total Debt Issued	1.87B	170M	2.16B	11.5M	660M
Short Term Debt Repaid, Total	-	-	-1.28B	-	-
Long-Term Debt Repaid, Total	-221M	-922M	-1.42B	-1.97B	-1.73B
Total Debt Repaid	-221M	-922M	-2.69B	-1.97B	-1.73B
Issuance of Common Stock	4K	-	-	-	-
Repurchase of Common Stock	-	-	-3.1M	-382M	-261M
Common Dividends Paid	-	-	-	-192M	-190M
Common & Preferred Stock Dividends Paid	-	-	-	-192M	-190M
Other Financing Activities, Total	-144M	-148M	-253M	-142M	-150M
Cash from Financing	1.51B	-899M	-787M	-2.67B	-1.67B
Foreign Exchange Rate Adjustments	5.9M	1.44M	-2.7M	-25.5M	-4M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	257M	-128M	253M	-199M	-220M
Supplemental Items
Cash Interest Paid	144M	148M	205M	142M	150M
Cash Income Tax Paid (Refund)	90.18M	190M	280M	552M	438M
Levered Free Cash Flow	1.1B	1.16B	3.56B	2.26B	-417M
Unlevered Free Cash Flow	1.2B	1.24B	3.65B	2.35B	-352M
Change In Net Working Capital	-343M	-28.44M	-2.17B	32.7M	1.79B
Net Debt Issued / Repaid	1.65B	-752M	-531M	-1.96B	-1.07B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.52	-2.18	3.09	11.38	4.35
Return on Total Capital	12.02	-5.43	10.01	43.39	16.84
Return On Equity %	15.38	-52.31	13.12	1.1	2.5
Return on Common Equity	15.38	-52.31	13.12	1.1	2.5
Margin Analysis
Gross Profit Margin %	35.68	24.29	29.48	47.22	37.16
SG&A Margin	1.58	2.01	2.05	2.25	3.97
EBITDA Margin %	69.8	67.77	63.32	68.73	60.54
EBITA Margin %	31.48	-14.23	17.85	46.12	21.46
EBIT Margin %	31.39	-15.02	17.06	45.71	20.85
Income From Continuing Operations Margin %	9.28	-32.25	2.91	0.15	0.85
Net Income Margin %	9.28	-32.25	2.91	0.15	0.85
Net Avail. For Common Margin %	9.28	-32.25	2.91	0.15	0.85
Normalized Net Income Margin	13.07	-14.66	5.96	28.41	10.36
Levered Free Cash Flow Margin	46.8	47.91	102.25	41.96	-11.11
Unlevered Free Cash Flow Margin	51.02	51.47	105.01	43.52	-9.39
Asset Turnover
Asset Turnover	0.28	0.23	0.29	0.4	0.33
Fixed Assets Turnover	0.4	0.33	0.48	0.76	0.64
Receivables Turnover (Average Receivables)	18.63	12.84	12.57	14.25	9.89
Inventory Turnover (Average Inventory)	12.82	11.89	13.19	16.06	13.74
Short Term Liquidity
Current Ratio	0.87	1.24	0.56	0.52	0.82
Quick Ratio	0.6	0.73	0.3	0.26	0.33
Operating Cash Flow to Current Liabilities	0.95	1.32	0.39	0.76	0.97
Days Sales Outstanding (Average Receivables)	19.59	28.51	29.04	25.61	36.89
Days Outstanding Inventory (Average Inventory)	28.48	30.78	27.67	22.73	26.56
Average Days Payable Outstanding	16.08	22.34	16.72	11.05	7.48
Cash Conversion Cycle (Average Days)	32	36.96	39.98	37.29	55.97
Long Term Solvency
Total Debt/Equity	159.65	218.01	747.69	201.97	76.75
Total Debt / Total Capital	61.49	68.55	88.2	66.88	43.42
LT Debt/Equity	123.14	210.36	699.66	178.24	62.79
Long-Term Debt / Total Capital	47.43	66.15	82.54	59.03	35.53
Total Liabilities / Total Assets	83.15	88.74	96.74	91.87	84.44
EBIT / Interest Expense	4.65	-2.63	3.87	18.36	7.59
EBITDA / Interest Expense	10.4	12.09	15.23	29.09	24.11
(EBITDA - Capex) / Interest Expense	7.07	7.75	11.03	24.55	17.33
Total Debt / EBITDA	1.84	1.4	1.52	0.53	0.48
Net Debt / EBITDA