Cash flow Kuehne und Nagel International AG

Equities

KNIN

CH0025238863

Air Freight & Logistics

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165.60 ^CHF	-2.19%		-12.96%	-3.30%

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Published financial data: KUEHNE UND NAGEL INTERNATIONAL AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	20.38B	32.8B	39.4B	23.85B	24.8B
Total Revenues	20.38B	32.8B	39.4B	23.85B	24.8B
Cost of Goods Sold, Total	12.91B	22.9B	28.29B	15.06B	16.13B
Gross Profit	7.48B	9.9B	11.11B	8.79B	8.67B
Selling General & Admin Expenses, Total	5.71B	6.21B	6.6B	6.16B	6.2B
Depreciation & Amortization - (IS)	691M	677M	703M	721M	772M
Amortization of Goodwill and Intangible Assets - (IS)	40M	56M	66M	54M	52M
Other Operating Expenses	-16M	3M	9M	-	-
Other Operating Expenses, Total	6.42B	6.94B	7.38B	6.94B	7.02B
Operating Income	1.05B	2.95B	3.73B	1.85B	1.64B
Interest Expense, Total	-20M	-18M	-20M	-25M	-37M
Interest And Investment Income	3M	3M	19M	48M	24M
Net Interest Expenses	-17M	-15M	-1M	23M	-13M
Income (Loss) On Equity Invest.	2M	5M	6M	5M	6M
Currency Exchange Gains (Loss)	6M	11M	40M	25M	-9M
Other Non Operating Income (Expenses)	-2M	-2M	-	-	-
EBT, Excl. Unusual Items	1.04B	2.95B	3.78B	1.9B	1.63B
Merger & Related Restructuring Charges	-4M	-6M	-	-	-3M
Impairment of Goodwill	-18M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	25M	1M	30M	15M	2M
Asset Writedown	-101M	-	-	-	-
Other Unusual Items	115M	-	-	36M	10M
EBT, Incl. Unusual Items	1.06B	2.94B	3.81B	1.96B	1.64B
Income Tax Expense	270M	790M	998M	492M	408M
Earnings From Continuing Operations	789M	2.16B	2.81B	1.46B	1.23B
Net Income to Company	789M	2.16B	2.81B	1.46B	1.23B
Minority Interest	-1M	-123M	-166M	-33M	-49M
Net Income - (IS)	788M	2.03B	2.64B	1.43B	1.18B
Net Income to Common Incl Extra Items	788M	2.03B	2.64B	1.43B	1.18B
Net Income to Common Excl. Extra Items	788M	2.03B	2.64B	1.43B	1.18B
Per Share Items
Net EPS - Basic	6.59	16.92	22.15	12.06	9.97
Basic EPS - Continuing Operations	6.59	16.92	22.15	12.06	9.97
Basic Weighted Average Shares Outstanding	120M	120M	119M	119M	118M
Net EPS - Diluted	6.57	16.88	22.03	12.02	9.95
Diluted EPS - Continuing Operations	6.57	16.88	22.03	12.02	9.95
Diluted Weighted Average Shares Outstanding	120M	120M	120M	119M	119M
Normalized Basic EPS	5.44	14.33	18.39	9.76	8.18
Normalized Diluted EPS	5.43	14.29	18.29	9.72	8.16
Dividend Per Share	4.5	10	14	10	8.25
Payout Ratio	60.66	26.48	44.86	116.07	100.08
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	1.28B	3.2B	3.99B	2.08B	1.88B
EBITA	1.09B	3.01B	3.8B	1.91B	1.7B
EBIT	1.05B	2.95B	3.73B	1.85B	1.64B
EBITDAR	1.68B	3.6B	4.43B	2.51B	2.34B
Effective Tax Rate - (Ratio)	25.5	26.83	26.21	25.15	24.91
Total Current Taxes	304M	750M	1.07B	480M	388M
Total Deferred Taxes	-34M	40M	-71M	12M	20M
Normalized Net Income	650M	1.72B	2.2B	1.16B	969M
Interest on Long-Term Debt	14M	10M	11M	20M	32M
Non-Cash Pension Expense	3M	2M	3M	8M	7M
Supplemental Operating Expense Items
Net Rental Expense, Total	402M	404M	437M	427M	456M
Imputed Operating Lease Interest Expense	29.65M	30.03M	38.96M	48.55M	64.83M
Imputed Operating Lease Depreciation	372M	374M	398M	378M	391M
Stock-Based Comp., SG&A Exp. (Total)	13M	16M	21M	23M	22M
Total Stock-Based Compensation	13M	16M	21M	23M	22M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.7B	2.3B	3.78B	2.01B	1.15B
Short Term Investments	48M	55M	55M	55M	57M
Total Cash And Short Term Investments	1.74B	2.36B	3.83B	2.07B	1.21B
Accounts Receivable, Total	3.67B	7.1B	5.83B	3.9B	4.61B
Other Receivables	104M	78M	182M	220M	231M
Total Receivables	3.78B	7.18B	6.01B	4.12B	4.84B
Prepaid Expenses	82M	146M	112M	130M	160M
Other Current Assets, Total	434M	-	-	-	-
Total Current Assets	6.04B	9.68B	9.96B	6.32B	6.21B
Gross Property Plant And Equipment	3.11B	3.02B	2.99B	3.11B	3.79B
Accumulated Depreciation	-817M	-847M	-832M	-818M	-904M
Net Property Plant And Equipment	2.3B	2.18B	2.16B	2.3B	2.89B
Long-term Investments	12M	31M	37M	28M	31M
Goodwill	1.16B	2.29B	2.2B	2.03B	2.33B
Other Intangibles, Total	101M	247M	180M	121M	104M
Deferred Tax Assets Long-Term	250M	226M	220M	175M	167M
Total Assets	9.85B	14.65B	14.75B	10.97B	11.72B
Liabilities
Accounts Payable, Total	1.88B	2.99B	2.73B	2.01B	2.12B
Accrued Expenses, Total	2.19B	3.42B	3.2B	2.01B	2.12B
Short-term Borrowings	2M	5M	8M	3M	17M
Current Portion of Long-Term Debt	-	200M	-	-	200M
Current Portion of Leases	433M	431M	466M	487M	553M
Current Income Taxes Payable	164M	440M	493M	244M	249M
Unearned Revenue Current, Total	87M	223M	280M	154M	105M
Other Current Liabilities	556M	607M	631M	328M	1.07B
Total Current Liabilities	5.31B	8.32B	7.81B	5.24B	6.43B
Long-Term Debt	400M	200M	200M	200M	-
Long-Term Leases	1.15B	1.05B	1.03B	1.13B	1.58B
Pension & Other Post Retirement Benefits	431M	379M	252M	270M	273M
Deferred Tax Liability Non Current	61M	136M	98M	88M	107M
Other Non Current Liabilities	87M	1.36B	1.22B	884M	75M
Total Liabilities	7.44B	11.44B	10.6B	7.81B	8.46B
Common Stock, Total	120M	121M	121M	121M	121M
Additional Paid In Capital	459M	651M	606M	592M	356M
Retained Earnings	3.28B	3.88B	2.64B	4.95B	5.1B
Treasury Stock	-55M	-93M	-270M	-602M	-496M
Comprehensive Income and Other	-1.4B	-1.36B	1.04B	-1.91B	-1.82B
Total Common Equity	2.41B	3.2B	4.14B	3.15B	3.26B
Minority Interest	6M	7M	7M	6M	2M
Total Equity	2.41B	3.21B	4.15B	3.16B	3.26B
Total Liabilities And Equity	9.85B	14.65B	14.75B	10.97B	11.72B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	120M	120M	120M	118M	119M
ECS Total Common Shares Outstanding	120M	120M	120M	118M	119M
Book Value / Share	20.13	26.64	34.61	26.65	27.48
Tangible Book Value	1.15B	667M	1.76B	998M	833M
Tangible Book Value Per Share	9.63	5.55	14.72	8.44	7.02
Total Debt	1.98B	1.89B	1.7B	1.82B	2.35B
Net Debt	240M	-471M	-2.13B	-248M	1.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	405M	353M	225M	244M	245M
Debt Equivalent Oper. Leases	3.22B	3.23B	3.5B	3.42B	3.65B
Minority Interest, Total (Incl. Fin. Div)	6M	7M	7M	6M	2M
Equity Method Investments, Total	12M	31M	37M	28M	31M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.16B	1.14B	1.14B	1.17B	1.3B
Full Time Employees	72.02K	73.52K	75.19K	75.3K	75.24K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	86M	131M	187M	102M	74M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	788M	2.03B	2.64B	1.43B	1.18B
Depreciation & Amortization - CF	691M	677M	703M	721M	772M
Amortization of Goodwill and Intangible Assets - (CF)	40M	56M	66M	54M	52M
Depreciation & Amortization, Total	731M	733M	769M	775M	824M
(Gain) Loss From Sale Of Asset	-25M	-1M	-30M	-15M	-2M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	119M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-2M	-5M	-6M	-5M	-6M
Stock-Based Compensation (CF)	13M	16M	21M	23M	22M
Other Operating Activities, Total	-26M	427M	114M	-318M	109M
Change In Accounts Receivable	-137M	-3.15B	1.16B	1.51B	-690M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	353M	2.08B	-381M	-1.46B	38M
Change in Other Net Operating Assets	-96M	328M	112M	-236M	8M
Cash from Operations	1.72B	2.46B	4.4B	1.7B	1.48B
Capital Expenditure	-177M	-197M	-239M	-306M	-300M
Sale of Property, Plant, and Equipment	430M	22M	91M	77M	26M
Cash Acquisitions	-88M	-902M	-82M	-60M	-203M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-9M	-7M	-8M	-4M	-4M
Investment in Marketable and Equity Securities, Total	-3M	-4M	-7M	-2M	-
Other Investing Activities, Total	5M	8M	22M	52M	29M
Cash from Investing	158M	-1.08B	-223M	-243M	-452M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-498M	-554M	-718M	-543M	-582M
Total Debt Repaid	-498M	-554M	-718M	-543M	-582M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-37M	-59M	-646M	-716M	-51M
Common Dividends Paid	-478M	-538M	-1.19B	-1.66B	-1.18B
Common & Preferred Stock Dividends Paid	-478M	-538M	-1.19B	-1.66B	-1.18B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-23M	351M	-94M	-203M	-94M
Cash from Financing	-1.04B	-800M	-2.64B	-3.12B	-1.91B
Foreign Exchange Rate Adjustments	-31M	-5M	-67M	-95M	11M
Miscellaneous Cash Flow Adjustments	-	10M	-	-	-
Net Change in Cash	809M	587M	1.47B	-1.76B	-866M
Supplemental Items
Cash Interest Paid	22M	20M	19M	24M	37M
Cash Income Tax Paid (Refund)	306M	486M	1.01B	791M	370M
Levered Free Cash Flow	1.62B	2.15B	3.72B	920M	1.7B
Unlevered Free Cash Flow	1.63B	2.17B	3.73B	936M	1.73B
Change In Net Working Capital	-415M	224M	-852M	710M	-157M
Net Debt Issued / Repaid	-498M	-554M	-718M	-543M	-582M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.69	15.06	15.87	9	9.06
Return on Total Capital	14.51	38.84	42.63	21.39	19.42
Return On Equity %	33.33	76.64	76.38	40.08	38.29
Return on Common Equity	33.37	72.43	72	39.24	36.81
Margin Analysis
Gross Profit Margin %	36.67	30.17	28.2	36.84	34.96
SG&A Margin	28	18.93	16.75	25.83	25
EBITDA Margin %	6.27	9.75	10.13	8.73	7.59
EBITA Margin %	5.36	9.17	9.64	7.99	6.84
EBIT Margin %	5.17	9	9.48	7.77	6.63
Income From Continuing Operations Margin %	3.87	6.57	7.13	6.14	4.96
Net Income Margin %	3.87	6.19	6.71	6	4.76
Net Avail. For Common Margin %	3.87	6.19	6.71	6	4.76
Normalized Net Income Margin	3.19	5.25	5.57	4.85	3.91
Levered Free Cash Flow Margin	7.94	6.57	9.43	3.86	6.87
Unlevered Free Cash Flow Margin	8	6.6	9.46	3.92	6.96
Asset Turnover
Asset Turnover	2.07	2.68	2.68	1.85	2.19
Fixed Assets Turnover	7.71	14.67	18.19	10.71	9.57
Receivables Turnover (Average Receivables)	5.44	6.09	6.09	4.9	5.83
Short Term Liquidity
Current Ratio	1.14	1.16	1.28	1.21	0.97
Quick Ratio	1.04	1.15	1.26	1.18	0.94
Operating Cash Flow to Current Liabilities	0.32	0.3	0.56	0.32	0.23
Days Sales Outstanding (Average Receivables)	67.29	59.91	59.89	74.47	62.8
Average Days Payable Outstanding	53.38	38.79	36.93	57.47	46.84
Long Term Solvency
Total Debt/Equity	82.26	58.83	40.99	57.55	71.85
Total Debt / Total Capital	45.13	37.04	29.07	36.53	41.81
LT Debt/Equity	64.24	39.02	29.56	42.04	48.27
Long-Term Debt / Total Capital	35.24	24.57	20.97	26.68	28.09
Total Liabilities / Total Assets	75.5	78.08	71.89	71.21	72.15
EBIT / Interest Expense	52.65	163.94	186.65	74.08	44.46
EBITDA / Interest Expense	89.2	204.67	225.1	105.08	66.73
(EBITDA - Capex) / Interest Expense	80.35	193.72	213.15	92.84	58.62
Total Debt / EBITDA	1.11	0.51	0.38	0.69	0.95
Net Debt / EBITDA	0.13	-0.13	-0.47	-0.09	0.46
Total Debt / (EBITDA - Capex)	1.24	0.54	0.4	0.78	1.08
Net Debt / (EBITDA - Capex)	0.15	-0.14	-0.5	-0.11	0.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.38	60.93	20.11	-39.47	4
Gross Profit, 1 Yr. Growth %	-6.34	32.39	12.26	-20.9	-1.33
EBITDA, 1 Yr. Growth %	3.48	151.1	24.76	-47.81	-9.69
EBITA, 1 Yr. Growth %	6.22	176.12	26.34	-49.83	-11.01
EBIT, 1 Yr. Growth %	8	181.32	26.5	-50.39	-11.23
Earnings From Cont. Operations, 1 Yr. Growth %	-1.38	173.13	30.39	-47.9	-15.98
Net Income, 1 Yr. Growth %	-1.25	157.87	30.12	-45.88	-17.47
Normalized Net Income, 1 Yr. Growth %	8.62	165.65	27.58	-47.27	-16.33
Diluted EPS Before Extra, 1 Yr. Growth %	-1.35	156.93	30.51	-45.44	-17.22
Accounts Receivable, 1 Yr. Growth %	-4	93.33	-17.84	-33.1	18.17
Net Property, Plant and Equip., 1 Yr. Growth %	-23.13	-5.31	-0.83	6.44	25.74
Total Assets, 1 Yr. Growth %	0.26	48.72	0.69	-25.63	6.87
Tangible Book Value, 1 Yr. Growth %	26.34	-42.05	164.02	-43.33	-16.53
Common Equity, 1 Yr. Growth %	3.93	33.11	29.21	-23.84	3.49
Cash From Operations, 1 Yr. Growth %	-0.17	43.31	78.88	-61.42	-12.65
Capital Expenditures, 1 Yr. Growth %	-44.69	11.3	21.32	28.03	-1.96
Levered Free Cash Flow, 1 Yr. Growth %	34.6	33.29	72.59	-75.24	85.12
Unlevered Free Cash Flow, 1 Yr. Growth %	33.77	32.96	72.17	-74.91	84.5
Dividend Per Share, 1 Yr. Growth %	12.5	122.22	40	-28.57	-17.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.95	24.7	39.03	-14.73	-20.66
Gross Profit, 2 Yr. CAGR %	-1.53	11.35	21.91	-5.77	-11.66
EBITDA, 2 Yr. CAGR %	4.78	60.94	76.99	-19.31	-31.33
EBITA, 2 Yr. CAGR %	6.04	70.95	86.78	-20.39	-33.16
EBIT, 2 Yr. CAGR %	5.73	73.97	88.64	-20.78	-33.62
Earnings From Cont. Operations, 2 Yr. CAGR %	1.1	64.13	88.72	-17.58	-33.84
Net Income, 2 Yr. CAGR %	1.16	59.57	83.18	-16.08	-33.17
Normalized Net Income, 2 Yr. CAGR %	4.88	69.54	84.09	-17.98	-33.56
Diluted EPS Before Extra, 2 Yr. CAGR %	1.16	59.2	83.12	-15.61	-32.79
Accounts Receivable, 2 Yr. CAGR %	-6.2	36.23	26.03	-25.86	-11.08
Net Property, Plant and Equip., 2 Yr. CAGR %	36.88	-14.68	-3.1	2.74	15.69
Total Assets, 2 Yr. CAGR %	11.82	22.11	22.37	-13.46	-10.84
Tangible Book Value, 2 Yr. CAGR %	11.07	-14.43	23.69	22.32	-31.22
Common Equity, 2 Yr. CAGR %	1.9	17.62	31.15	-0.8	-11.22
Cash From Operations, 2 Yr. CAGR %	59.07	19.61	60.11	-16.93	-41.95
Capital Expenditures, 2 Yr. CAGR %	-25.04	-21.54	16.2	24.63	12.04
Levered Free Cash Flow, 2 Yr. CAGR %	169.79	33.84	51.63	-34.63	-32.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	168.21	33.26	51.3	-34.27	-31.94
Dividend Per Share, 2 Yr. CAGR %	-13.4	58.11	76.38	0	-23.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.11	16.45	23.15	5.38	-8.9
Gross Profit, 3 Yr. CAGR %	2.1	8.68	11.65	5.54	-4.31
EBITDA, 3 Yr. CAGR %	3.82	40.07	47.84	17.81	-16.21
EBITA, 3 Yr. CAGR %	4.06	45.71	54.56	20.51	-17.36
EBIT, 3 Yr. CAGR %	4.26	46.32	56.44	20.86	-17.7
Earnings From Cont. Operations, 3 Yr. CAGR %	2.16	40.8	52.01	22.88	-17.05
Net Income, 3 Yr. CAGR %	2.26	38.19	49.08	22	-16.55
Normalized Net Income, 3 Yr. CAGR %	3.36	42.78	54.21	21.35	-17.42
Diluted EPS Before Extra, 3 Yr. CAGR %	2.23	38.02	49	22.31	-16.15
Accounts Receivable, 3 Yr. CAGR %	-2.45	19.37	15.1	2.05	-13.4
Net Property, Plant and Equip., 3 Yr. CAGR %	22.52	21.06	-10.29	-0.01	9.9
Total Assets, 3 Yr. CAGR %	9.72	22.97	14.51	3.65	-7.16
Tangible Book Value, 3 Yr. CAGR %	-5.78	-10.58	24.57	-4.64	7.69
Common Equity, 3 Yr. CAGR %	1.22	11.39	21.36	9.42	0.61
Cash From Operations, 3 Yr. CAGR %	30.11	53.63	36.78	-0.37	-15.53
Capital Expenditures, 3 Yr. CAGR %	-7.69	-14.48	-9.27	20.02	15.05
Levered Free Cash Flow, 3 Yr. CAGR %	44.8	113.17	45.65	-17.13	-7.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	44.95	112.16	45.14	-16.87	-7.26
Dividend Per Share, 3 Yr. CAGR %	-7.85	18.56	51.83	30.5	-6.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.03	14.7	16.2	2.8	3.29
Gross Profit, 5 Yr. CAGR %	3.64	8.6	9.6	2.65	1.67
EBITDA, 5 Yr. CAGR %	4.55	24.58	28.43	12.34	8.79
EBITA, 5 Yr. CAGR %	4.29	27.14	31.4	14.42	10.52
EBIT, 5 Yr. CAGR %	4.82	27.55	32.07	14.48	11.03
Earnings From Cont. Operations, 5 Yr. CAGR %	3.05	24.52	30.59	13.65	8.98
Net Income, 5 Yr. CAGR %	3.11	23.13	29.11	13.2	8.16
Normalized Net Income, 5 Yr. CAGR %	4	25.4	30.1	14.39	10.11
Diluted EPS Before Extra, 5 Yr. CAGR %	3.14	23.06	29.07	13.36	8.36
Accounts Receivable, 5 Yr. CAGR %	5.98	19.56	8.07	-1.33	3.81
Net Property, Plant and Equip., 5 Yr. CAGR %	15	14.05	11.55	13.37	-0.69
Total Assets, 5 Yr. CAGR %	10.06	18.27	14.62	6.85	3.6
Tangible Book Value, 5 Yr. CAGR %	-1.73	-12.76	5.06	1.36	-1.77
Common Equity, 5 Yr. CAGR %	2.56	8.21	12.27	6.35	7.1
Cash From Operations, 5 Yr. CAGR %	11.21	23.76	41.37	20.13	-2.92
Capital Expenditures, 5 Yr. CAGR %	-5.99	-3.79	1.21	-0.58	-1.28
Levered Free Cash Flow, 5 Yr. CAGR %	22.06	39.53	47.45	32.84	7.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	22.14	39.54	47.41	32.77	7.21
Dividend Per Share, 5 Yr. CAGR %	-2.09	12.7	19.48	10.76	15.58