Cash flow JCDECAUX SE

Equities

DEC

FR0000077919

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Market Closed - Euronext Paris Other stock markets 16:35:06 06/09/2024 BST			5-day change	1st Jan Change
18.58 ^EUR	-1.28%		-0.48%	+2.09%

09-03	JCDECAUX : Goldman Sachs keeps its Buy rating	ZD
08-30	JCDecaux: new self-service bicycles for Toulouse	CF

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Published financial data: JCDECAUX SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.49B	2.1B	2.52B	3.07B	3.3B
Total Revenues	3.49B	2.1B	2.52B	3.07B	3.3B
Cost of Goods Sold, Total	1.26B	649M	931M	1.24B	1.47B
Gross Profit	2.22B	1.45B	1.59B	1.83B	1.83B
Selling General & Admin Expenses, Total	551M	418M	465M	553M	616M
Depreciation & Amortization - (IS)	1.26B	1.21B	1.07B	1.07B	870M
Other Operating Expenses	-	-	-	-3.3M	-56.5M
Other Operating Expenses, Total	1.81B	1.63B	1.53B	1.62B	1.43B
Operating Income	416M	-182M	58.4M	211M	400M
Interest Expense, Total	-171M	-153M	-124M	-139M	-178M
Interest And Investment Income	6.2M	3M	4M	11M	60.5M
Net Interest Expenses	-164M	-150M	-120M	-128M	-117M
Income (Loss) On Equity Invest.	102M	-1.3M	48.6M	8.6M	52M
Currency Exchange Gains (Loss)	-5.6M	-3.8M	-1.2M	-6.9M	-6.4M
Other Non Operating Income (Expenses)	-18.1M	-6.8M	-5.9M	-1M	-24.4M
EBT, Excl. Unusual Items	330M	-344M	-20M	84.3M	304M
Restructuring Charges	-	-	-	-4.4M	-9.1M
Merger & Related Restructuring Charges	-10M	-	-	-6.5M	-4M
Impairment of Goodwill	-10M	-176M	-	-	-17.5M
Gain (Loss) On Sale Of Investments	-	-	-200K	63.4M	1.8M
Gain (Loss) On Sale Of Assets	10M	-37.1M	12M	3.8M	-2.8M
Asset Writedown	-2M	-36.7M	-8M	-4.2M	11.6M
Legal Settlements	-	-	-	-	-11.7M
Other Unusual Items	56.4M	-44.1M	6.2M	-	-
EBT, Incl. Unusual Items	374M	-638M	-10M	136M	272M
Income Tax Expense	92.1M	-21.2M	-13.6M	-22.3M	32.6M
Earnings From Continuing Operations	282M	-617M	3.6M	159M	240M
Net Income to Company	282M	-617M	3.6M	159M	240M
Minority Interest	-16.7M	12.1M	-18.1M	-26.6M	-30.3M
Net Income - (IS)	266M	-605M	-14.5M	132M	209M
Net Income to Common Incl Extra Items	266M	-605M	-14.5M	132M	209M
Net Income to Common Excl. Extra Items	266M	-605M	-14.5M	132M	209M
Per Share Items
Net EPS - Basic	1.25	-2.84	-0.07	0.62	0.98
Basic EPS - Continuing Operations	1.25	-2.84	-0.07	0.62	0.98
Basic Weighted Average Shares Outstanding	213M	213M	213M	213M	213M
Net EPS - Diluted	1.25	-2.84	-0.07	0.62	0.98
Diluted EPS - Continuing Operations	1.25	-2.84	-0.07	0.62	0.98
Diluted Weighted Average Shares Outstanding	213M	213M	213M	213M	214M
Normalized Basic EPS	0.89	-0.95	-0.14	0.12	0.75
Normalized Diluted EPS	0.89	-0.95	-0.14	0.12	0.75
Dividend Per Share	-	-	-	-	-
Payout Ratio	46.48	-	-	-	-
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	740M	168M	380M	532M	730M
EBITA	503M	-103M	136M	286M	478M
EBIT	416M	-182M	58.4M	211M	400M
EBITDAR	1.19B	284M	671M	1.06B	1.44B
Effective Tax Rate - (Ratio)	24.61	3.32	136	-16.35	11.98
Total Current Taxes	87.6M	10.3M	28.5M	48.2M	57.5M
Total Deferred Taxes	4.5M	-31.5M	-42.2M	-70.5M	-24.9M
Normalized Net Income	189M	-203M	-30.6M	26.09M	160M
Interest on Long-Term Debt	153M	119M	82.2M	85.4M	85.7M
Non-Cash Pension Expense	1M	1.3M	-5.3M	5.4M	-800K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	19.1M	17M	19.1M	23.8M	22.5M
Net Rental Expense, Total	448M	115M	291M	525M	715M
Imputed Operating Lease Interest Expense	97.75M	21.74M	44.28M	93.35M	173M
Imputed Operating Lease Depreciation	351M	93.66M	247M	432M	541M
Maintenance & Repair Expenses, Total	40.5M	46M	37.3M	46M	46.8M
Stock-Based Comp., SG&A Exp. (Total)	200K	-	1M	6.1M	12.8M
Total Stock-Based Compensation	200K	-	1M	6.1M	12.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	150M	1.61B	1.49B	1.92B	1.6B
Short Term Investments	49.7M	49M	63.6M	4.8M	52M
Total Cash And Short Term Investments	200M	1.66B	1.56B	1.92B	1.65B
Accounts Receivable, Total	816M	502M	534M	564M	618M
Other Receivables	167M	155M	143M	168M	161M
Total Receivables	984M	657M	678M	732M	779M
Inventory	175M	173M	143M	162M	188M
Prepaid Expenses	67.3M	73.7M	81.9M	61.3M	54.8M
Restricted Cash	38.3M	12M	-	-	43.5M
Other Current Assets, Total	5.9M	5.6M	8.3M	54M	13M
Total Current Assets	1.47B	2.58B	2.47B	2.93B	2.73B
Gross Property Plant And Equipment	12.09B	11.09B	11.14B	11.14B	10.13B
Accumulated Depreciation	-6.74B	-6.41B	-6.98B	-7.13B	-6.66B
Net Property Plant And Equipment	5.35B	4.68B	4.17B	4B	3.47B
Long-term Investments	528M	554M	579M	526M	505M
Goodwill	1.78B	1.59B	1.61B	1.75B	1.67B
Other Intangibles, Total	571M	492M	473M	581M	654M
Deferred Tax Assets Long-Term	123M	119M	142M	210M	168M
Deferred Charges Long-Term	41.1M	42.4M	41.2M	43.2M	45.9M
Other Long-Term Assets, Total	18.6M	10.7M	14.4M	12.1M	20.2M
Total Assets	9.88B	10.07B	9.5B	10.06B	9.26B
Liabilities
Accounts Payable, Total	537M	507M	626M	660M	756M
Accrued Expenses, Total	251M	210M	235M	259M	272M
Short-term Borrowings	187M	495M	206M	130M	3.9M
Current Portion of Long-Term Debt	419M	111M	142M	898M	775M
Current Portion of Leases	1.03B	1.06B	1.01B	957M	698M
Current Income Taxes Payable	46.9M	19.2M	21.8M	23.7M	26.6M
Unearned Revenue Current, Total	91.8M	83.1M	95.9M	95.6M	101M
Other Current Liabilities	114M	151M	176M	220M	187M
Total Current Liabilities	2.68B	2.63B	2.51B	3.24B	2.82B
Long-Term Debt	753M	2.15B	2.12B	1.92B	1.92B
Long-Term Leases	3.56B	3.09B	2.65B	2.45B	1.96B
Pension & Other Post Retirement Benefits	7.8M	8.7M	8.3M	6.8M	7.3M
Deferred Tax Liability Non Current	132M	98.8M	87.1M	79.9M	36.3M
Other Non Current Liabilities	479M	476M	482M	559M	465M
Total Liabilities	7.62B	8.45B	7.85B	8.26B	7.21B
Common Stock, Total	3.2M	3.2M	3.2M	3.2M	3.2M
Additional Paid In Capital	608M	608M	608M	608M	612M
Retained Earnings	1.78B	1.17B	1.16B	1.28B	1.51B
Treasury Stock	-	-	-2.8M	-2M	-600K
Comprehensive Income and Other	-156M	-187M	-144M	-131M	-177M
Total Common Equity	2.23B	1.6B	1.62B	1.76B	1.95B
Minority Interest	36.8M	17.7M	23.4M	36.2M	95.9M
Total Equity	2.27B	1.61B	1.64B	1.8B	2.05B
Total Liabilities And Equity	9.88B	10.07B	9.5B	10.06B	9.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	213M	213M	213M	213M	213M
ECS Total Common Shares Outstanding	213M	213M	213M	213M	213M
Book Value / Share	10.48	7.5	7.61	8.29	9.15
Tangible Book Value	-119M	-489M	-462M	-566M	-369M
Tangible Book Value Per Share	-0.56	-2.3	-2.17	-2.66	-1.73
Total Debt	5.96B	6.9B	6.12B	6.36B	5.36B
Net Debt	5.76B	5.24B	4.56B	4.43B	3.71B
Debt Equivalent of Unfunded Proj. Benefit Obligation	104M	113M	99.8M	81.1M	80.8M
Debt Equivalent Oper. Leases	3.59B	923M	2.33B	4.2B	5.72B
Minority Interest, Total (Incl. Fin. Div)	36.8M	17.7M	23.4M	36.2M	95.9M
Equity Method Investments, Total	452M	392M	414M	412M	422M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	155M	158M	136M	152M	162M
Inventories - Work In Process, Total	50.2M	63.7M	52.6M	55.6M	74.3M
Inventories - Others	-	-	-	-	-
Land - (BS)	19.8M	17.5M	16.6M	14.4M	14.9M
Buildings, Total	96M	99.5M	93.1M	93.1M	105M
Machinery, Total	3.3B	3.25B	3.4B	3.51B	3.5B
Full Time Employees	12.08K	9.76K	10.2K	10.69K	11.1K
Accumulated Allowance for Doubtful Accounts (Supple)	32.3M	35M	27.4M	29.1M	29M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	266M	-605M	-14.5M	132M	209M
Depreciation & Amortization - CF	1.19B	1.17B	1.01B	992M	875M
Amortization of Goodwill and Intangible Assets - (CF)	86.6M	78.7M	77.1M	74.3M	78.4M
Depreciation & Amortization, Total	1.28B	1.25B	1.08B	1.07B	953M
Amortization of Deferred Charges, Total - (CF)	9M	9.8M	10.3M	11M	9.9M
(Gain) Loss From Sale Of Asset	-9M	-10M	-7.1M	-3.8M	2.8M
(Gain) Loss on Sale of Investments - (CF)	-2M	46.8M	-4.9M	-63.4M	-3.7M
Asset Writedown & Restructuring Costs	2M	36.7M	8M	-3.8M	-11.6M
(Income) Loss On Equity Investments - (CF)	-102M	66.1M	-48.6M	-8.6M	-52M
Stock-Based Compensation (CF)	200K	-	1M	6.1M	12.8M
Other Operating Activities, Total	48.2M	-147M	-193M	-42.7M	-57.9M
Change In Accounts Receivable	11M	290M	-12.9M	-15.7M	-57.1M
Change In Inventories	-5.7M	3.3M	33M	-15.6M	-22M
Change In Accounts Payable	900K	-55.9M	146M	38.2M	118M
Cash from Operations	1.5B	888M	1B	1.1B	1.1B
Capital Expenditure	-379M	-219M	-169M	-351M	-373M
Sale of Property, Plant, and Equipment	18.6M	41.8M	18.7M	9.4M	35.6M
Cash Acquisitions	-14.7M	-	-	-	-
Investment in Marketable and Equity Securities, Total	27.7M	-96.8M	-19.7M	-75.1M	-1.1M
Other Investing Activities, Total	-	100K	-100K	-	-
Cash from Investing	-347M	-274M	-170M	-417M	-338M
Long-Term Debt Issued, Total	79.6M	2.03B	1.22B	1.62B	737M
Total Debt Issued	79.6M	2.03B	1.22B	1.62B	737M
Long-Term Debt Repaid, Total	-1.03B	-1.2B	-2.15B	-1.88B	-1.74B
Total Debt Repaid	-1.03B	-1.2B	-2.15B	-1.88B	-1.74B
Issuance of Common Stock	13.5M	24.9M	21.4M	43.7M	41.4M
Repurchase of Common Stock	-12.1M	-25M	-22.2M	-43.2M	-36M
Common Dividends Paid	-123M	-	-	-	-
Common & Preferred Stock Dividends Paid	-123M	-	-	-	-
Other Financing Activities, Total	-7.4M	16.2M	-200K	-23.5M	-57.1M
Cash from Financing	-1.08B	849M	-934M	-281M	-1.05B
Foreign Exchange Rate Adjustments	-14.8M	-11.9M	-3.6M	500K	-8.5M
Miscellaneous Cash Flow Adjustments	-	-	100K	-100K	-
Net Change in Cash	54.5M	1.45B	-106M	402M	-296M
Supplemental Items
Cash Interest Paid	172M	102M	106M	140M	166M
Cash Income Tax Paid (Refund)	101M	40.3M	13.4M	44.9M	46.4M
Levered Free Cash Flow	1.04B	1.11B	1.08B	828M	711M
Unlevered Free Cash Flow	1.15B	1.21B	1.16B	913M	820M
Change In Net Working Capital	24.8M	-280M	-194M	-50.9M	31M
Net Debt Issued / Repaid	-953M	833M	-933M	-258M	-999M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.59	-1.13	0.37	1.35	2.59
Return on Total Capital	3.08	-1.35	0.45	1.66	3.21
Return On Equity %	12.89	-31.78	0.22	9.22	12.45
Return on Common Equity	12.32	-31.6	-0.9	7.81	11.26
Margin Analysis
Gross Profit Margin %	63.79	69.11	63.1	59.52	55.49
SG&A Margin	15.8	19.92	18.44	18	18.67
EBITDA Margin %	21.23	8.01	15.06	17.3	22.14
EBITA Margin %	14.41	-4.91	5.37	9.29	14.51
EBIT Margin %	11.93	-8.66	2.32	6.87	12.13
Income From Continuing Operations Margin %	8.09	-29.37	0.14	5.16	7.27
Net Income Margin %	7.61	-28.79	-0.57	4.3	6.35
Net Avail. For Common Margin %	7.61	-28.79	-0.57	4.3	6.35
Normalized Net Income Margin	5.43	-9.66	-1.21	0.85	4.84
Levered Free Cash Flow Margin	29.82	53.04	42.83	26.93	21.57
Unlevered Free Cash Flow Margin	32.85	57.55	45.9	29.71	24.88
Asset Turnover