Balance Sheet LANXESS AG

Equities

LXS

DE0005470405

Diversified Chemicals

Market Closed - Xetra Other stock markets 16:35:22 18/09/2024 BST			5-day change	1st Jan Change
26.36 ^EUR	+1.54%		+7.20%	-7.08%

09-18	LANXESS AG : Jefferies keeps a Sell rating	ZD
09-17	Kempen Initiates Lanxess Coverage with Buy Rating	MT

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Published financial data: LANXESS AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.8B	6.1B	7.56B	8.09B	6.71B
Total Revenues	6.8B	6.1B	7.56B	8.09B	6.71B
Cost of Goods Sold, Total	5.04B	4.55B	5.71B	6.15B	5.45B
Gross Profit	1.76B	1.56B	1.84B	1.94B	1.27B
Selling General & Admin Expenses, Total	1.12B	1.06B	1.27B	1.4B	1.24B
R&D Expenses	114M	108M	115M	102M	99M
Other Operating Expenses	3M	13M	-23M	60M	12M
Other Operating Expenses, Total	1.23B	1.18B	1.36B	1.56B	1.35B
Operating Income	530M	376M	486M	377M	-81M
Interest Expense, Total	-76M	-66M	-67M	-75M	-70M
Interest And Investment Income	42M	900M	12M	7M	10M
Net Interest Expenses	-34M	834M	-55M	-68M	-60M
Income (Loss) On Equity Invest.	-	-	-	3M	-172M
Currency Exchange Gains (Loss)	2M	4M	6M	5M	11M
Other Non Operating Income (Expenses)	-	4M	14M	52M	-32M
EBT, Excl. Unusual Items	498M	1.22B	451M	369M	-334M
Restructuring Charges	-82M	-72M	-39M	-	-
Merger & Related Restructuring Charges	-	-	-16M	-11M	-
Impairment of Goodwill	-	-	-	-	-406M
Gain (Loss) On Sale Of Assets	1M	1M	1M	-3M	2M
Asset Writedown	-3M	-2M	-	-17M	-
Other Unusual Items	-68M	-71M	-94M	-81M	-209M
EBT, Incl. Unusual Items	346M	1.07B	303M	257M	-947M
Income Tax Expense	105M	165M	84M	72M	-105M
Earnings From Continuing Operations	241M	909M	219M	185M	-842M
Earnings Of Discontinued Operations	-50M	-7M	48M	66M	1.29B
Net Income to Company	191M	902M	267M	251M	444M
Minority Interest	14M	-17M	-	-1M	-1M
Net Income - (IS)	205M	885M	267M	250M	443M
Net Income to Common Incl Extra Items	205M	885M	267M	250M	443M
Net Income to Common Excl. Extra Items	255M	892M	219M	184M	-843M
Per Share Items
Net EPS - Basic	2.32	10.22	3.09	2.9	5.13
Basic EPS - Continuing Operations	2.89	10.3	2.54	2.13	-9.76
Basic Weighted Average Shares Outstanding	88.33M	86.59M	86.35M	86.35M	86.35M
Net EPS - Diluted	2.32	10.22	3.09	2.9	5.13
Diluted EPS - Continuing Operations	2.89	10.3	2.54	2.13	-9.76
Diluted Weighted Average Shares Outstanding	88.33M	86.59M	86.35M	86.35M	86.35M
Normalized Basic EPS	3.68	8.6	3.26	2.66	-2.43
Normalized Diluted EPS	3.68	8.6	3.26	2.66	-2.43
Dividend Per Share	0.95	1	1.05	1.05	0.1
Payout Ratio	38.54	9.27	32.21	36.4	20.54
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	941M	784M	934M	855M	420M
EBITA	617M	465M	598M	533M	87M
EBIT	530M	376M	486M	377M	-81M
EBITDAR	950M	791M	943M	865M	431M
Effective Tax Rate - (Ratio)	30.35	15.36	27.72	28.02	11.09
Total Current Taxes	118M	117M	25M	20M	18M
Total Deferred Taxes	-13M	48M	59M	52M	-123M
Normalized Net Income	325M	744M	282M	230M	-210M
Interest Capitalized	3M	3M	3M	2M	1M
Interest on Long-Term Debt	5M	7M	6M	4M	6M
Non-Cash Pension Expense	21M	22M	16M	19M	20M
Supplemental Operating Expense Items
Marketing Expenses	504M	469M	536M	593M	583M
Selling and Marketing Expenses	812M	773M	951M	1.06B	933M
General and Administrative Expenses	274M	267M	304M	319M	279M
Research And Development Expense From Footnotes	114M	108M	115M	102M	99M
Net Rental Expense, Total	9M	7M	9M	10M	11M
Imputed Operating Lease Interest Expense	2.04M	1.36M	1.59M	1.59M	1.72M
Imputed Operating Lease Depreciation	6.96M	5.64M	7.41M	8.41M	9.28M
Stock-Based Comp., Other (Total)	-4.52M	1.2M	666K	-	-
Total Stock-Based Compensation	-4.52M	1.2M	666K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	296M	1.79B	1.13B	403M	496M
Short Term Investments	780M	-	100M	-	-
Total Cash And Short Term Investments	1.08B	1.79B	1.23B	403M	496M
Accounts Receivable, Total	845M	804M	1.16B	1.01B	785M
Other Receivables	283M	239M	315M	243M	239M
Total Receivables	1.13B	1.04B	1.47B	1.25B	1.02B
Inventory	1.2B	1.07B	1.63B	1.86B	1.36B
Other Current Assets, Total	231M	150M	48M	1.33B	29M
Total Current Assets	3.63B	4.06B	4.39B	4.85B	2.91B
Gross Property Plant And Equipment	7.36B	7.5B	8.28B	7.46B	7.67B
Accumulated Depreciation	-5.12B	-5.34B	-5.7B	-5.14B	-5.39B
Net Property Plant And Equipment	2.24B	2.16B	2.58B	2.32B	2.28B
Long-term Investments	1M	2M	56M	91M	859M
Goodwill	865M	808M	1.32B	1.84B	1.38B
Other Intangibles, Total	809M	711M	1.07B	1.39B	1.24B
Accounts Receivable Long-Term	18M	21M	34M	70M	77M
Deferred Tax Assets Long-Term	324M	326M	192M	54M	165M
Other Long-Term Assets, Total	809M	793M	872M	665M	746M
Total Assets	8.7B	8.88B	10.52B	11.28B	9.66B
Liabilities
Accounts Payable, Total	656M	681M	1.01B	709M	584M
Accrued Expenses, Total	255M	206M	343M	251M	175M
Current Portion of Long-Term Debt	25M	525M	628M	785M	22M
Current Portion of Leases	41M	41M	47M	45M	50M
Current Income Taxes Payable	122M	24M	25M	38M	42M
Unearned Revenue Current, Total	17M	18M	17M	10M	18M
Other Current Liabilities	366M	327M	311M	582M	283M
Total Current Liabilities	1.48B	1.82B	2.38B	2.42B	1.17B
Long-Term Debt	2.68B	2.18B	2.67B	3.27B	2.78B
Long-Term Leases	100M	85M	158M	147M	154M
Unearned Revenue Non Current	44M	34M	34M	27M	24M
Pension & Other Post Retirement Benefits	1.18B	1.2B	877M	367M	498M
Deferred Tax Liability Non Current	109M	113M	223M	284M	194M
Other Non Current Liabilities	458M	442M	414M	339M	330M
Total Liabilities	6.05B	5.88B	6.76B	6.85B	5.16B
Common Stock, Total	87M	87M	86M	86M	86M
Retained Earnings	205M	885M	267M	250M	443M
Comprehensive Income and Other	2.38B	2.03B	3.4B	4.08B	3.97B
Total Common Equity	2.67B	3B	3.76B	4.42B	4.5B
Minority Interest	-22M	-2M	6M	6M	6M
Total Equity	2.65B	3B	3.76B	4.43B	4.51B
Total Liabilities And Equity	8.7B	8.88B	10.52B	11.28B	9.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	87.45M	86.35M	86.35M	86.35M	86.35M
ECS Total Common Shares Outstanding	87.45M	86.35M	86.35M	86.35M	86.35M
Book Value / Share	30.52	34.76	43.5	51.2	52.13
Tangible Book Value	995M	1.48B	1.36B	1.18B	1.88B
Tangible Book Value Per Share	11.38	17.16	15.73	13.72	21.73
Total Debt	2.84B	2.83B	3.5B	4.25B	3.01B
Net Debt	1.77B	1.04B	2.27B	3.84B	2.51B
Debt Equivalent of Unfunded Proj. Benefit Obligation	960M	1.06B	717M	232M	361M
Debt Equivalent Oper. Leases	72M	56M	72M	80M	88M
Minority Interest, Total (Incl. Fin. Div)	-22M	-2M	6M	6M	6M
Equity Method Investments, Total	1M	2M	56M	91M	859M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	264M	255M	421M	418M	279M
Inventories - Work In Process, Total	931M	815M	1.21B	1.44B	1.08B
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	1.27B	1.26B	1.38B	1.21B	1.22B
Machinery, Total	5.87B	6B	6.53B	5.85B	6.01B
Full Time Employees	14.67K	12.97K	12.98K	13.19K	10.98K
Part Time Employees	808	1.79K	1.88K	1.98K	1.87K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	12M	10M	10M	14M	12M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	205M	885M	267M	250M	443M
Depreciation & Amortization - CF	372M	371M	390M	380M	394M
Amortization of Goodwill and Intangible Assets - (CF)	87M	89M	112M	156M	168M
Depreciation & Amortization, Total	459M	460M	502M	536M	562M
(Gain) Loss From Sale Of Asset	-1M	-1M	-1M	3M	-2M
Asset Writedown & Restructuring Costs	44M	44M	11M	10M	434M
(Income) Loss On Equity Investments - (CF)	-	-	-	-3M	172M
Net Cash From Discontinued Operations	9M	-9M	-32M	-28M	-14M
Other Operating Activities, Total	-18M	-866M	56M	22M	-1.35B
Change In Accounts Receivable	94M	-8M	-213M	62M	230M
Change In Inventories	85M	73M	-441M	-403M	465M
Change In Accounts Payable	-111M	41M	241M	-130M	-118M
Change in Other Net Operating Assets	-123M	-34M	17M	-160M	17M
Cash from Operations	643M	585M	407M	159M	838M
Capital Expenditure	-508M	-456M	-479M	-407M	-326M
Sale of Property, Plant, and Equipment	6M	4M	3M	5M	3M
Cash Acquisitions	-	-25M	-1.01B	-1.12B	-
Divestitures	20M	821M	115M	8M	1.19B
Investment in Marketable and Equity Securities, Total	-241M	-749M	928M	510M	-465M
Other Investing Activities, Total	11M	52M	7M	-43M	17M
Cash from Investing	-712M	-353M	-432M	-1.05B	423M
Long-Term Debt Issued, Total	4M	1B	1.1B	1.38B	383M
Total Debt Issued	4M	1B	1.1B	1.38B	383M
Long-Term Debt Repaid, Total	-90M	-1.05B	-564M	-689M	-1.69B
Total Debt Repaid	-90M	-1.05B	-564M	-689M	-1.69B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-200M	-37M	-	-	-
Common Dividends Paid	-79M	-82M	-86M	-91M	-91M
Common & Preferred Stock Dividends Paid	-79M	-82M	-86M	-91M	-91M
Other Financing Activities, Total	-68M	-80M	-63M	14M	-72M
Cash from Financing	-433M	-247M	389M	613M	-1.47B
Foreign Exchange Rate Adjustments	1M	-10M	8M	-4M	-9M
Net Change in Cash	-501M	-25M	372M	-283M	-214M
Supplemental Items
Cash Interest Paid	66M	79M	63M	65M	71M
Cash Income Tax Paid (Refund)	193M	215M	10M	-4M	53M
Levered Free Cash Flow	194M	330M	-158M	-1.09B	1.68B
Unlevered Free Cash Flow	242M	371M	-117M	-1.04B	1.73B
Change In Net Working Capital	36M	-131M	444M	1.4B	-1.54B
Net Debt Issued / Repaid	-86M	-48M	538M	690M	-1.3B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.81	2.67	3.13	2.16	-0.48
Return on Total Capital	6.02	4.15	4.64	2.96	-0.63
Return On Equity %	8.89	32.2	6.48	4.52	-18.85
Return on Common Equity	9.36	31.46	6.48	4.5	-18.9
Margin Analysis
Gross Profit Margin %	25.9	25.52	24.41	23.95	18.89
SG&A Margin	16.39	17.38	16.77	17.28	18.44
EBITDA Margin %	13.83	12.84	12.36	10.57	6.26
EBITA Margin %	9.07	7.62	7.91	6.59	1.3
EBIT Margin %	7.79	6.16	6.43	4.66	-1.21
Income From Continuing Operations Margin %	3.54	14.89	2.9	2.29	-12.54
Net Income Margin %	3.01	14.5	3.53	3.09	6.6
Net Avail. For Common Margin %	3.75	14.61	2.9	2.27	-12.56
Normalized Net Income Margin	4.78	12.19	3.73	2.84	-3.12
Levered Free Cash Flow Margin	2.86	5.41	-2.1	-13.44	25.05
Unlevered Free Cash Flow Margin	3.55	6.08	-1.54	-12.86	25.7
Asset Turnover
Asset Turnover	0.78	0.69	0.78	0.74	0.64
Fixed Assets Turnover