Cash flow Jet2 plc

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DTG

GB00B1722W11

Airlines

Real-time Estimate Cboe Europe Other stock markets 11:08:55 09/07/2025 BST			5-day change	1st Jan Change
1,710.00 ^GBX	-6.30%		-7.35%	+7.34%

10:50am	Jet2 plc, 2025 Earnings Call, Jul 09, 2025
09:45am	UK travel firm Jet2 shares drop as later bookings, global jitters weigh	RE

02105004de1b.S6HWZj4V2AOttwZcX9U1iW22pIssvEwot52zYKZqBTY.LcfnHmhDomb09XM7CblD8R7Z6NFYkShmxKSKIuVaNnMd4pUvSieLO5v8Xw

Published financial data: JET2 PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	3.58B	395M	1.23B	5.03B	6.26B
Total Revenues	3.58B	395M	1.23B	5.03B	6.26B
Cost of Goods Sold, Total	2.88B	497M	1.22B	4.14B	5.17B
Gross Profit	708M	-101M	10.4M	893M	1.09B
Selling General & Admin Expenses, Total	-	-	-	-	264M
Depreciation & Amortization - (IS)	204M	164M	158M	185M	249M
Other Operating Expenses	210M	71.2M	176M	314M	149M
Other Operating Expenses, Total	415M	235M	334M	499M	662M
Operating Income	293M	-336M	-324M	394M	428M
Interest Expense, Total	-44M	-40.5M	-58.5M	-64.5M	-70.9M
Interest And Investment Income	14.5M	2M	5.1M	58.7M	160M
Net Interest Expenses	-29.5M	-38.5M	-53.4M	-5.8M	88.6M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-8.1M	3.9M	-12.6M	-19.8M	9.4M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	255M	-371M	-390M	368M	526M
Gain (Loss) On Sale Of Assets	700K	800K	1.1M	2.6M	3.3M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-108M	-	-	-	-
EBT, Incl. Unusual Items	148M	-370M	-389M	371M	530M
Income Tax Expense	36.1M	-70.4M	-73.4M	80.2M	130M
Earnings From Continuing Operations	112M	-300M	-315M	291M	399M
Earnings Of Discontinued Operations	4.4M	28.3M	-	-	-
Net Income to Company	116M	-271M	-315M	291M	399M
Net Income - (IS)	116M	-271M	-315M	291M	399M
Net Income to Common Incl Extra Items	116M	-271M	-315M	291M	399M
Net Income to Common Excl. Extra Items	112M	-300M	-315M	291M	399M
Per Share Items
Net EPS - Basic	0.78	-1.51	-1.47	1.35	1.86
Basic EPS - Continuing Operations	0.75	-1.67	-1.47	1.35	1.86
Basic Weighted Average Shares Outstanding	149M	179M	215M	215M	215M
Net EPS - Diluted	0.78	-1.51	-1.47	1.27	1.7
Diluted EPS - Continuing Operations	0.75	-1.67	-1.47	1.27	1.7
Diluted Weighted Average Shares Outstanding	149M	179M	215M	241M	242M
Normalized Basic EPS	1.07	-1.29	-1.14	1.07	1.53
Normalized Diluted EPS	1.07	-1.29	-1.14	0.96	1.36
Dividend Per Share	0.03	-	-	0.11	0.15
Payout Ratio	13.36	-	-	2.2	6.46
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	430M	-221M	-219M	513M	564M
EBITA	293M	-336M	-324M	394M	428M
EBIT	293M	-336M	-324M	394M	428M
EBITDAR	472M	-220M	-213M	588M	634M
Effective Tax Rate - (Ratio)	24.44	19.03	18.88	21.62	24.61
Current Domestic Taxes	26.8M	-26.7M	-800K	11.6M	51.5M
Total Current Taxes	26.8M	-26.7M	-800K	11.6M	51.5M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	9.3M	-43.7M	-72.6M	68.6M	78.8M
Normalized Net Income	160M	-232M	-244M	230M	329M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	26.4M	22.7M	34.8M	41M	46.2M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	264M
Selling and Marketing Expenses	-	-	-	-	264M
Net Rental Expense, Total	42.2M	1.4M	6.1M	75.1M	70.5M
Imputed Operating Lease Interest Expense	12.54M	366K	1.98M	26.32M	28.26M
Imputed Operating Lease Depreciation	29.66M	1.03M	4.12M	48.78M	42.24M
Maintenance & Repair Expenses, Total	138M	36.4M	57M	135M	184M
Stock-Based Comp., COGS (Total)	500K	400K	3.3M	10.4M	14.7M
Total Stock-Based Compensation	500K	400K	3.3M	10.4M	14.7M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.39B	1.38B	1.05B	955M	1.44B
Short Term Investments	-	-	1.18B	1.67B	1.75B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.39B	1.38B	2.23B	2.62B	3.18B
Accounts Receivable, Total	41.2M	9.3M	50.6M	82.3M	333M
Other Receivables	253M	10.3M	40.5M	41.8M	-
Total Receivables	294M	19.6M	91.1M	124M	333M
Inventory	1.3M	1M	8.5M	40.2M	125M
Prepaid Expenses	-	28.8M	45.7M	92.9M	-
Other Current Assets, Total	182M	109M	235M	110M	30.8M
Total Current Assets	1.86B	1.54B	2.61B	2.99B	3.67B
Gross Property Plant And Equipment	2.19B	2.13B	2.3B	2.59B	3.06B
Accumulated Depreciation	-727M	-830M	-959M	-1.1B	-1.23B
Net Property Plant And Equipment	1.47B	1.3B	1.34B	1.49B	1.83B
Long-term Investments	-	-	-	-	2M
Goodwill	-	-	-	-	-
Other Intangibles, Total	26.8M	26.8M	26.8M	26.8M	26.8M
Accounts Receivable Long-Term	-	-	-	-	21.2M
Other Long-Term Assets, Total	25.1M	9.4M	20.5M	14.3M	17.3M
Total Assets	3.38B	2.87B	3.99B	4.53B	5.57B
Liabilities
Accounts Payable, Total	94.7M	17.1M	74.8M	96.6M	116M
Accrued Expenses, Total	61.3M	49.4M	28.3M	45.8M	61.9M
Short-term Borrowings	65M	264M	-	-	-
Current Portion of Long-Term Debt	39.4M	58.8M	134M	126M	44.6M
Current Portion of Leases	76.2M	67.1M	74.8M	102M	131M
Current Income Taxes Payable	300K	-	15.3M	200K	1.6M
Unearned Revenue Current, Total	736M	278M	1.17B	1.55B	1.9B
Other Current Liabilities	556M	124M	181M	339M	444M
Total Current Liabilities	1.63B	858M	1.68B	2.26B	2.7B
Long-Term Debt	381M	434M	857M	603M	711M
Long-Term Leases	596M	495M	504M	544M	569M
Unearned Revenue Non Current	9.2M	44.4M	15.7M	16.4M	22.7M
Deferred Tax Liability Non Current	78.7M	36.7M	12.6M	36.7M	110M
Other Non Current Liabilities	54M	40.8M	25.8M	56.8M	45.4M
Total Liabilities	2.75B	1.91B	3.1B	3.51B	4.16B
Common Stock, Total	1.9M	2.7M	2.7M	2.7M	2.7M
Additional Paid In Capital	12.9M	19.8M	19.8M	19.8M	19.8M
Retained Earnings	683M	985M	673M	968M	1.36B
Comprehensive Income and Other	-64M	-43.5M	201M	22M	24.7M
Total Common Equity	634M	964M	897M	1.01B	1.41B
Total Equity	634M	964M	897M	1.01B	1.41B
Total Liabilities And Equity	3.38B	2.87B	3.99B	4.53B	5.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	149M	215M	215M	215M	215M
ECS Total Common Shares Outstanding	149M	215M	215M	215M	215M
Book Value / Share	4.26	4.49	4.18	4.72	6.56
Tangible Book Value	607M	937M	870M	986M	1.38B
Tangible Book Value Per Share	4.08	4.37	4.05	4.59	6.44
Total Debt	1.16B	1.32B	1.57B	1.38B	1.46B
Net Debt	-229M	-60.7M	-658M	-1.25B	-1.73B
Debt Equivalent Oper. Leases	338M	11.2M	48.8M	601M	564M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.3M	1M	1.2M	1.6M	8.8M
Inventories - Others	-	-	7.3M	38.6M	116M
Land - (BS)	29.1M	29.1M	29.5M	36.8M	55.3M
Machinery, Total	1.45B	1.41B	1.5B	1.65B	1.96B
Full Time Employees	10.36K	9.05K	8.27K	11.72K	14.05K
Accumulated Allowance for Doubtful Accounts (Supple)	300K	200K	100K	400K	-

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	116M	-271M	-315M	291M	399M
Depreciation & Amortization - CF	219M	164M	158M	185M	249M
Depreciation & Amortization, Total	219M	164M	158M	185M	249M
(Gain) Loss From Sale Of Asset	-900K	-800K	-1.1M	-2.6M	-3.3M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	500K	400K	3.3M	10.4M	14.7M
Net Cash From Discontinued Operations	5.5M	4.5M	-	-	-
Other Operating Activities, Total	125M	-73.1M	-44.6M	106M	71.3M
Change In Accounts Receivable	-7.9M	160M	-35.5M	-118M	-55.7M
Change In Inventories	-300K	300K	-7.5M	-31.7M	-84.6M
Change In Accounts Payable	173M	-296M	152M	119M	134M
Change in Unearned Revenues	-195M	-423M	867M	374M	363M
Change in Other Net Operating Assets	8.6M	-99.7M	-25M	18.6M	5.6M
Cash from Operations	443M	-835M	751M	952M	1.09B
Capital Expenditure	-211M	-36.2M	-108M	-194M	-404M
Sale of Property, Plant, and Equipment	2.5M	2.5M	1.1M	2.7M	3.3M
Sale (Purchase) of Intangible assets	-26.8M	-	-	-	-
Investment in Marketable and Equity Securities, Total	50M	-	-1.18B	-482M	-77.6M
Other Investing Activities, Total	-	74.8M	-500K	-2.7M	-4.1M
Cash from Investing	-186M	41.1M	-1.29B	-676M	-482M
Long-Term Debt Issued, Total	65M	301M	528M	-	191M
Total Debt Issued	65M	301M	528M	-	191M
Long-Term Debt Repaid, Total	-138M	-84.1M	-327M	-364M	-290M
Total Debt Repaid	-138M	-84.1M	-327M	-364M	-290M
Issuance of Common Stock	100K	580M	-	-	-
Common Dividends Paid	-15.5M	-	-	-6.4M	-25.8M
Common & Preferred Stock Dividends Paid	-15.5M	-	-	-6.4M	-25.8M
Cash from Financing	-88.1M	797M	201M	-370M	-125M
Foreign Exchange Rate Adjustments	6.5M	-24.9M	4.8M	1.7M	-2.2M
Net Change in Cash	176M	-21.2M	-332M	-92.3M	484M
Supplemental Items
Cash Interest Paid	40.5M	36.7M	43.5M	43.6M	55.5M
Cash Income Tax Paid (Refund)	28.1M	-27.2M	-400K	15.2M	45.2M
Levered Free Cash Flow	215M	-768M	611M	777M	461M
Unlevered Free Cash Flow	243M	-743M	647M	817M	505M
Change In Net Working Capital	-78.6M	661M	-796M	-570M	-378M
Net Debt Issued / Repaid	-72.7M	217M	201M	-364M	-98.8M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.6	-6.72	-5.9	5.78	5.3
Return on Total Capital	10.23	-10.31	-8.52	10.15	10.19
Return On Equity %	18.42	-37.48	-33.9	30.47	32.97
Return on Common Equity	18.42	-37.48	-33.9	30.47	32.97
Margin Analysis
Gross Profit Margin %	19.74	-25.59	0.84	17.74	17.43
SG&A Margin	-	-	-	-	4.22
EBITDA Margin %	11.98	-55.87	-17.76	10.19	9.02
EBITA Margin %	8.17	-85	-26.3	7.83	6.85
EBIT Margin %	8.17	-85	-26.3	7.83	6.85
Income From Continuing Operations Margin %	3.11	-75.75	-25.61	5.78	6.38
Net Income Margin %	3.24	-68.59	-25.61	5.78	6.38
Net Avail. For Common Margin %	3.11	-75.75	-25.61	5.78	6.38
Normalized Net Income Margin	4.45	-58.6	-19.78	4.57	5.26
Levered Free Cash Flow Margin	6.01	-194.25	49.58	15.44	7.36
Unlevered Free Cash Flow Margin	6.77	-187.85	52.55	16.24	8.07
Asset Turnover
Asset Turnover	1.1	0.13	0.36	1.18	1.24
Fixed Assets Turnover	2.42	0.29	0.93	3.56	3.77
Receivables Turnover (Average Receivables)	59.79	15.66	41.13	75.75	30.14
Inventory Turnover (Average Inventory)	1.98K	431.83	257.12	170.05	62.61
Short Term Liquidity
Current Ratio	1.14	1.79	1.55	1.33	1.36
Quick Ratio	1.03	1.63	1.38	1.22	1.3
Operating Cash Flow to Current Liabilities	0.27	-0.97	0.45	0.42	0.4
Days Sales Outstanding (Average Receivables)	6.12	23.31	8.87	4.82	12.14
Days Outstanding Inventory (Average Inventory)	0.18	0.84	1.42	2.15	5.85
Average Days Payable Outstanding	10.11	41.11	13.65	7.5	7.42
Cash Conversion Cycle (Average Days)	-3.8	-16.96	-3.35	-0.53	10.57
Long Term Solvency
Total Debt/Equity	182.68	136.72	175.13	135.82	103.3
Total Debt / Total Capital	64.62	57.76	63.65	57.59	50.81
LT Debt/Equity	154.2	96.32	151.78	113.32	90.84
Long-Term Debt / Total Capital	54.55	40.69	55.17	48.06	44.68
Total Liabilities / Total Assets	81.26	66.44	77.55	77.63	74.71
EBIT / Interest Expense	6.66	-8.3	-5.54	6.11	6.04
EBITDA / Interest Expense	11.63	-4.26	-2.83	8.98	9.55
(EBITDA - Capex) / Interest Expense	6.83	-5.15	-4.68	5.97	3.85
Total Debt / EBITDA	2.26	-7.65	-9.48	2.37	2.15
Net Debt / EBITDA	-0.45	0.35	3.98	-2.16	-2.55
Total Debt / (EBITDA - Capex)	3.86	-6.32	-5.74	3.57	5.33
Net Debt / (EBITDA - Capex)	-0.76	0.29	2.41	-3.24	-6.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.92	-88.97	211.51	308.66	24.27
Gross Profit, 1 Yr. Growth %	21.99	-114.3	-110.28	8.49K	22.07
EBITDA, 1 Yr. Growth %	35.44	-151.71	-1	-334.52	9.96
EBITA, 1 Yr. Growth %	43.28	-214.71	-3.63	-221.64	8.68
EBIT, 1 Yr. Growth %	43.28	-214.71	-3.63	-221.64	8.68
Earnings From Cont. Operations, 1 Yr. Growth %	-18.3	-368.37	5.31	-192.2	37.28
Net Income, 1 Yr. Growth %	-17.08	-333.79	16.3	-192.2	37.28
Normalized Net Income, 1 Yr. Growth %	55.54	-245.14	5.18	-194.49	42.83
Diluted EPS Before Extra, 1 Yr. Growth %	-18.28	-323.19	-11.95	-186.11	34.64
Accounts Receivable, 1 Yr. Growth %	-47.65	-77.43	444.09	62.65	304.37
Inventory, 1 Yr. Growth %	-18.75	-23.08	750	372.94	210.45
Net Property, Plant and Equip., 1 Yr. Growth %	-2.27	-11.35	2.89	11.66	22.55
Total Assets, 1 Yr. Growth %	7.17	-15.07	39	13.34	23.06
Tangible Book Value, 1 Yr. Growth %	6.34	54.36	-7.21	13.31	40.23
Common Equity, 1 Yr. Growth %	9.72	52.06	-7.01	12.92	39.16
Cash From Operations, 1 Yr. Growth %	-8.26	-288.4	-189.96	26.78	14.85
Capital Expenditures, 1 Yr. Growth %	-30.1	-82.79	198.07	79.7	108.3
Levered Free Cash Flow, 1 Yr. Growth %	52.9	-480	-178.06	27.25	-40.74
Unlevered Free Cash Flow, 1 Yr. Growth %	45.39	-423.47	-185.5	26.29	-38.24
Dividend Per Share, 1 Yr. Growth %	-70.59	-	-	-	33.64
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	22.73	-63.48	-41.38	256.79	125.36
Gross Profit, 2 Yr. CAGR %	29.89	-58.24	-87.88	197.04	923.76
EBITDA, 2 Yr. CAGR %	34.41	-16.55	-28.45	52.38	60.59
EBITA, 2 Yr. CAGR %	52.37	28.2	5.14	8.27	14.98
EBIT, 2 Yr. CAGR %	52.37	28.2	5.14	8.27	14.98
Earnings From Cont. Operations, 2 Yr. CAGR %	2.08	48.07	68.11	-1.46	12.5
Net Income, 2 Yr. CAGR %	4.07	39.23	64.89	3.55	12.5
Normalized Net Income, 2 Yr. CAGR %	40.22	50.25	23.56	-0.31	16.17
Diluted EPS Before Extra, 2 Yr. CAGR %	2.07	35.02	40.19	-12.93	7.67
Accounts Receivable, 2 Yr. CAGR %	-24.3	-65.62	10.82	197.48	156.46
Inventory, 2 Yr. CAGR %	-15.02	-20.94	155.7	534.03	283.18
Net Property, Plant and Equip., 2 Yr. CAGR %	18.89	-6.92	-4.49	7.19	16.98
Total Assets, 2 Yr. CAGR %	17.59	-4.6	8.65	25.51	18.1
Tangible Book Value, 2 Yr. CAGR %	9.45	28.12	19.68	2.54	26.05
Common Equity, 2 Yr. CAGR %	11.09	29.17	18.91	2.47	25.35
Cash From Operations, 2 Yr. CAGR %	3.34	31.47	30.19	6.79	20.67
Capital Expenditures, 2 Yr. CAGR %	-28.31	-65.4	-28.37	131.44	93.48
Levered Free Cash Flow, 2 Yr. CAGR %	455.12	133.54	73.82	-0.34	-13.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	246.93	110.89	67.89	3.91	-11.69
Dividend Per Share, 2 Yr. CAGR %	-36.75	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.51	-45.03	-25.38	11.98	151.04
Gross Profit, 3 Yr. CAGR %	28.54	-37.75	-73.83	8.05	120.84
EBITDA, 3 Yr. CAGR %	31.25	-2.43	-11.66	6.28	36.68
EBITA, 3 Yr. CAGR %	41.69	38.61	16.57	10.38	8.41
EBIT, 3 Yr. CAGR %	41.69	38.61	16.57	10.38	8.41
Earnings From Cont. Operations, 3 Yr. CAGR %	13.32	40.89	32.17	37.61	10.05
Net Income, 3 Yr. CAGR %	14.79	36.3	31.12	35.85	13.75
Normalized Net Income, 3 Yr. CAGR %	41.52	41.84	33.41	12.99	12.39
Diluted EPS Before Extra, 3 Yr. CAGR %	13.28	32.46	17.09	19.17	0.69
Accounts Receivable, 3 Yr. CAGR %	-58.04	-49.43	-13.69	25.94	229.53
Inventory, 3 Yr. CAGR %	2.7	-17.79	74.49	213.88	399.73
Net Property, Plant and Equip., 3 Yr. CAGR %	28	7.81	-3.76	0.61	12.08
Total Assets, 3 Yr. CAGR %	13.8	5.5	8.16	10.19	24.69
Tangible Book Value, 3 Yr. CAGR %	12.67	22.74	15.05	17.52	13.82
Common Equity, 3 Yr. CAGR %	13.7	23.35	15.77	16.88	13.48
Cash From Operations, 3 Yr. CAGR %	10.2	26.24	15.85	29.04	9.42
Capital Expenditures, 3 Yr. CAGR %	-23.6	-55.51	-29.06	-2.67	123.45
Levered Free Cash Flow, 3 Yr. CAGR %	-4.98	379.03	63.07	56.66	-16.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.68	232.67	57.08	52.69	-12.64
Dividend Per Share, 3 Yr. CAGR %	-17.13	-	-	54.2	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.39	-22.4	-6.56	16.16	16.11
Gross Profit, 5 Yr. CAGR %	30.15	-18.56	-50.02	16.31	13.44
EBITDA, 5 Yr. CAGR %	28.74	2.66	2.85	16.62	12.2
EBITA, 5 Yr. CAGR %	42.31	26.2	25.75	25.57	15.93
EBIT, 5 Yr. CAGR %	42.31	26.2	25.75	25.57	15.93
Earnings From Cont. Operations, 5 Yr. CAGR %	27.75	27.53	32.68	22.11	23.92
Net Income, 5 Yr. CAGR %	28.74	25.02	32.68	22.11	23.33
Normalized Net Income, 5 Yr. CAGR %	34.89	28.89	34.04	23.18	26.23
Diluted EPS Before Extra, 5 Yr. CAGR %	27.51	22.76	23.35	12	13.23
Accounts Receivable, 5 Yr. CAGR %	-32.56	-53.22	-38.12	2.74	33.43
Inventory, 5 Yr. CAGR %	-8.25	-1.89	47.93	86.12	139.01
Net Property, Plant and Equip., 5 Yr. CAGR %	37.77	32.14	13.85	7.56	4.05
Total Assets, 5 Yr. CAGR %	27.58	15.33	11.71	13.09	12.03
Tangible Book Value, 5 Yr. CAGR %	32.2	24.62	15.42	14.22	19.33
Common Equity, 5 Yr. CAGR %	32.17	24.78	15.76	14.53	19.51
Cash From Operations, 5 Yr. CAGR %	30.72	27.9	17.8	18.07	17.75
Capital Expenditures, 5 Yr. CAGR %	22.56	-29.88	-25.62	-13.95	5.97
Levered Free Cash Flow, 5 Yr. CAGR %	18.96	69.96	19.46	156.59	26.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.67	69.57	21.17	109.67	24.76
Dividend Per Share, 5 Yr. CAGR %	0	-	-	7.96	7.58