Cash flow International Distribution Services plc

Equities

RMG

GB00BDVZYZ77

Air Freight & Logistics

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364.70 ^GBX	+0.03%		+0.22%	+0.22%

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Published financial data: INTERNATIONAL DISTRIBUTION SERVICES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	10.84B	12.64B	12.71B	12.04B	12.68B
Total Revenues	10.84B	12.64B	12.71B	12.04B	12.68B
Cost of Goods Sold, Total	6.9B	7.36B	7.54B	7.58B	7.69B
Gross Profit	3.94B	5.28B	5.17B	4.47B	4.99B
Selling General & Admin Expenses, Total	2.79B	3.48B	3.56B	3.72B	3.89B
Amortization of Goodwill and Intangible Assets - (IS)	19M	19M	-	-	-
Other Operating Expenses	726M	824M	790M	776M	816M
Other Operating Expenses, Total	3.53B	4.33B	4.35B	4.5B	4.71B
Operating Income	414M	950M	821M	-31M	281M
Interest Expense, Total	-54M	-54M	-56M	-59M	-97M
Interest And Investment Income	6M	17M	6M	21M	51M
Net Interest Expenses	-48M	-37M	-50M	-38M	-46M
Other Non Operating Income (Expenses)	-2M	-1M	-1M	-1M	-1M
EBT, Excl. Unusual Items	364M	912M	770M	-70M	234M
Restructuring Charges	-130M	-194M	-173M	-68M	-12M
Merger & Related Restructuring Charges	-400K	-	-	-	-
Impairment of Goodwill	-	-	-	-4M	-
Gain (Loss) On Sale Of Assets	89M	36M	72M	6M	15M
Asset Writedown	-91M	-	-	-535M	-48M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-52M	-28M	-7M	-5M	-75M
EBT, Incl. Unusual Items	180M	726M	662M	-676M	114M
Income Tax Expense	19M	106M	50M	197M	60M
Earnings From Continuing Operations	161M	620M	612M	-873M	54M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	161M	620M	612M	-873M	54M
Minority Interest	-	-	-	-	-
Net Income - (IS)	161M	620M	612M	-873M	54M
Net Income to Common Incl Extra Items	161M	620M	612M	-873M	54M
Net Income to Common Excl. Extra Items	161M	620M	612M	-873M	54M
Per Share Items
Net EPS - Basic	0.16	0.62	0.62	-0.91	0.06
Basic EPS - Continuing Operations	0.16	0.62	0.62	-0.91	0.06
Basic Weighted Average Shares Outstanding	999M	999M	992M	956M	957M
Net EPS - Diluted	0.16	0.62	0.61	-0.91	0.06
Diluted EPS - Continuing Operations	0.16	0.62	0.61	-0.91	0.06
Diluted Weighted Average Shares Outstanding	1B	1B	996M	956M	957M
Normalized Basic EPS	0.23	0.57	0.49	-0.05	0.15
Normalized Diluted EPS	0.23	0.57	0.48	-0.05	0.15
Dividend Per Share	0.08	0.1	0.2	-	0.02
Payout Ratio	151.55	-	27.29	-14.55	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	630M	1.18B	1.06B	232M	509M
EBITA	427M	964M	835M	-12M	302M
EBIT	414M	950M	821M	-31M	281M
EBITDAR	681M	1.22B	1.11B	285M	550M
Effective Tax Rate - (Ratio)	10.56	14.6	7.55	-29.14	52.63
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	55M	134M	73M	73M	63M
Total Deferred Taxes	-36M	-28M	-23M	124M	-3M
Normalized Net Income	228M	570M	481M	-43.75M	146M
Interest Capitalized	4M	4M	3M	3M	2M
Interest on Long-Term Debt	49M	51M	50M	49M	81M
Non-Cash Pension Expense	-86M	-117M	-64M	-105M	-307M
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.79B	3.48B	3.56B	3.72B	3.89B
Net Rental Expense, Total	51M	37M	46M	53M	41M
Imputed Operating Lease Interest Expense	14.01M	7.04M	10.18M	11.25M	12.12M
Imputed Operating Lease Depreciation	36.99M	29.96M	35.82M	41.75M	28.88M
Stock-Based Comp., COGS (Total)	91K	-	-	-	-
Stock-Based Comp., Other (Total)	7.91M	7M	6M	2M	5M
Total Stock-Based Compensation	8M	7M	6M	2M	5M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.64B	1.57B	1.14B	898M	1.03B
Short Term Investments	30M	-	70M	-	216M
Total Cash And Short Term Investments	1.67B	1.57B	1.21B	898M	1.25B
Accounts Receivable, Total	1.16B	1.51B	1.51B	1.39B	1.46B
Other Receivables	33M	52M	87M	52M	54M
Total Receivables	1.2B	1.56B	1.59B	1.44B	1.52B
Inventory	19M	18M	34M	42M	32M
Prepaid Expenses	90M	84M	106M	167M	102M
Other Current Assets, Total	30M	28M	74M	27M	48M
Total Current Assets	3.01B	3.27B	3.02B	2.58B	2.94B
Gross Property Plant And Equipment	6.8B	6.93B	7.7B	8.14B	8.37B
Accumulated Depreciation	-3.68B	-3.93B	-4.13B	-4.84B	-5.06B
Net Property Plant And Equipment	3.12B	3.01B	3.57B	3.3B	3.31B
Long-term Investments	5M	5M	1M	1M	1M
Goodwill	390M	378M	428M	445M	458M
Other Intangibles, Total	558M	468M	488M	304M	304M
Deferred Tax Assets Long-Term	110M	153M	116M	10M	7M
Other Long-Term Assets, Total	3.83B	2.71B	3.06B	2.18B	1.97B
Total Assets	11.02B	9.98B	10.68B	8.82B	8.99B
Liabilities
Accounts Payable, Total	1.49B	1.83B	1.87B	1.7B	1.65B
Accrued Expenses, Total	128M	142M	121M	110M	125M
Short-term Borrowings	-	-	-	89M	56M
Current Portion of Long-Term Debt	700M	-	-	3M	315M
Current Portion of Leases	201M	197M	213M	220M	241M
Current Income Taxes Payable	5M	15M	10M	5M	3M
Unearned Revenue Current, Total	294M	299M	254M	250M	227M
Other Current Liabilities	277M	243M	271M	231M	241M
Total Current Liabilities	3.1B	2.72B	2.74B	2.6B	2.86B
Long-Term Debt	935M	895M	872M	944M	1.17B
Long-Term Leases	987M	959M	1.13B	1.14B	1.18B
Pension & Other Post Retirement Benefits	177M	394M	390M	145M	60M
Deferred Tax Liability Non Current	54M	48M	54M	55M	51M
Other Non Current Liabilities	148M	159M	162M	125M	129M
Total Liabilities	5.4B	5.18B	5.34B	5.01B	5.45B
Common Stock, Total	10M	10M	10M	10M	10M
Retained Earnings	5.62B	4.8B	5.25B	3.76B	3.54B
Comprehensive Income and Other	-14M	-7M	76M	31M	-5M
Total Common Equity	5.62B	4.8B	5.33B	3.8B	3.54B
Minority Interest	-	-	-	-	-
Total Equity	5.62B	4.8B	5.33B	3.8B	3.54B
Total Liabilities And Equity	11.02B	9.98B	10.68B	8.82B	8.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	999M	999M	954M	956M	957M
ECS Total Common Shares Outstanding	999M	999M	954M	956M	957M
Book Value / Share	5.63	4.81	5.59	3.98	3.7
Tangible Book Value	4.67B	3.96B	4.42B	3.05B	2.78B
Tangible Book Value Per Share	4.68	3.96	4.63	3.19	2.91
Total Debt	2.82B	2.05B	2.21B	2.4B	2.96B
Net Debt	1.15B	478M	1.01B	1.5B	1.72B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-5.38B	-3.28B	-3.8B	-2.87B	-2.41B
Debt Equivalent Oper. Leases	408M	296M	368M	424M	328M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	5M	5M	1M	1M	1M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	3.09B	3.05B	3.14B	3.27B	3.32B
Buildings, Total	-	-	-	-	-
Machinery, Total	1.91B	1.98B	2.39B	2.51B	2.48B
Full Time Employees	162K	177K	179K	165K	161K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	69M	79M	51M	43M	43M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	161M	620M	612M	-873M	54M
Depreciation & Amortization - CF	412M	432M	441M	475M	420M
Amortization of Goodwill and Intangible Assets - (CF)	13M	14M	14M	19M	21M
Depreciation & Amortization, Total	425M	446M	455M	494M	441M
Amortization of Deferred Charges, Total - (CF)	110M	127M	101M	117M	61M
(Gain) Loss From Sale Of Asset	-89M	-36M	-72M	-6M	-15M
Asset Writedown & Restructuring Costs	91M	-	-	549M	48M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	8M	4M	3M	2M	4M
Other Operating Activities, Total	82M	-29M	90M	144M	-223M
Change In Accounts Receivable	13M	-376M	-16M	180M	-62M
Change In Inventories	-1M	-	-14M	-8M	11M
Change In Accounts Payable	126M	375M	-54M	-237M	-36M
Change in Other Net Operating Assets	24M	42M	55M	11M	-68M
Cash from Operations	950M	1.17B	1.16B	373M	215M
Capital Expenditure	-265M	-289M	-519M	-334M	-272M
Sale of Property, Plant, and Equipment	109M	18M	109M	11M	97M
Cash Acquisitions	-17M	-4M	-204M	-7M	-35M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-77M	-57M	-84M	-93M	-113M
Investment in Marketable and Equity Securities, Total	-30M	30M	-70M	70M	-216M
Other Investing Activities, Total	6M	16M	9M	28M	169M
Cash from Investing	-274M	-286M	-759M	-325M	-370M
Long-Term Debt Issued, Total	1.2B	1M	-	-	745M
Total Debt Issued	1.2B	1M	-	-	745M
Long-Term Debt Repaid, Total	-173M	-888M	-192M	-204M	-338M
Total Debt Repaid	-173M	-888M	-192M	-204M	-338M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-3M	-	-218M	-	-
Common Dividends Paid	-244M	-	-167M	-127M	-
Common & Preferred Stock Dividends Paid	-244M	-	-167M	-127M	-
Special Dividend Paid	-	-	-199M	-	-
Other Financing Activities, Total	-53M	-57M	-56M	-61M	-79M
Cash from Financing	722M	-944M	-832M	-392M	328M
Foreign Exchange Rate Adjustments	6M	-10M	-5M	16M	-8M
Net Change in Cash	1.4B	-67M	-436M	-328M	165M
Supplemental Items
Cash Interest Paid	53M	57M	56M	61M	79M
Cash Income Tax Paid (Refund)	69M	125M	108M	53M	67M
Levered Free Cash Flow	719M	770M	322M	23.75M	171M
Unlevered Free Cash Flow	753M	804M	357M	60.62M	232M
Change In Net Working Capital	-293M	24M	115M	106M	66M
Net Debt Issued / Repaid	1.02B	-887M	-192M	-204M	407M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.81	5.65	4.97	-0.2	1.97
Return on Total Capital	3.8	7.76	7.13	-0.28	2.76
Return On Equity %	3.14	11.89	12.07	-19.11	1.47
Return on Common Equity	3.14	11.89	12.07	-19.11	1.47
Margin Analysis
Gross Profit Margin %	36.39	41.75	40.65	37.08	39.33
SG&A Margin	25.7	27.56	27.97	30.9	30.68
EBITDA Margin %	5.82	9.37	8.35	1.93	4.01
EBITA Margin %	3.94	7.63	6.57	-0.1	2.38
EBIT Margin %	3.82	7.52	6.46	-0.26	2.22
Income From Continuing Operations Margin %	1.49	4.91	4.81	-7.25	0.43
Net Income Margin %	1.49	4.91	4.81	-7.25	0.43
Net Avail. For Common Margin %	1.49	4.91	4.81	-7.25	0.43
Normalized Net Income Margin	2.1	4.51	3.79	-0.36	1.15
Levered Free Cash Flow Margin	6.64	6.09	2.53	0.2	1.35
Unlevered Free Cash Flow Margin	6.95	6.36	2.81	0.5	1.83
Asset Turnover
Asset Turnover	1.18	1.2	1.23	1.23	1.42
Fixed Assets Turnover	4.18	4.13	3.87	3.51	3.84
Receivables Turnover (Average Receivables)	9.26	9.44	8.42	8.31	8.89
Inventory Turnover (Average Inventory)	299.78	397.95	290.19	199.42	207.89
Short Term Liquidity
Current Ratio	0.97	1.2	1.1	0.99	1.03
Quick Ratio	0.93	1.15	1.02	0.9	0.97
Operating Cash Flow to Current Liabilities	0.31	0.43	0.42	0.14	0.08
Days Sales Outstanding (Average Receivables)	39.3	38.57	43.24	43.79	41.74
Days Outstanding Inventory (Average Inventory)	1.21	0.91	1.25	1.83	1.78
Average Days Payable Outstanding	75.55	82.06	89.04	85.53	80.72
Cash Conversion Cycle (Average Days)	-35.04	-42.58	-44.55	-39.91	-37.2
Long Term Solvency
Total Debt/Equity	50.22	42.68	41.49	63.07	83.55
Total Debt / Total Capital	33.43	29.92	29.32	38.68	45.52
LT Debt/Equity	34.19	38.58	37.5	54.87	66.29
Long-Term Debt / Total Capital	22.76	27.04	26.5	33.65	36.11
Total Liabilities / Total Assets	48.98	51.88	50.05	56.87	60.57
EBIT / Interest Expense	7.67	17.59	14.66	-0.53	2.9
EBITDA / Interest Expense	15.54	25.85	22.79	7.85	7.44
(EBITDA - Capex) / Interest Expense	10.64	20.5	13.52	2.19	4.64