Cash flow LBC Express Holdings, Inc.

Equities

LBC

PHY5228G1023

Air Freight & Logistics

End-of-day quote Philippines S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
13.02 ^PHP	0.00%		+2.68%	-28.62%

08-15	LBC Express Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
05-23	LBC Express Swings to Loss in Q1	MT

04f520e14f1e5223.b2emd2X9OQWnBZpniv2ZqSJhvf-nkk_sQKMvTZSjzeY.KAP8FSuyDEzUf9Ug2rnuwmsQ_6b0yHyABcF6NN_zm5YdM_kCVpcKSOpfww

Published financial data: LBC EXPRESS HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	15.23B	14.12B	16.25B	15.19B	14.51B
Total Revenues	15.23B	14.12B	16.25B	15.19B	14.51B
Cost of Goods Sold, Total	11.19B	10.66B	12.65B	12.34B	11.48B
Gross Profit	4.04B	3.46B	3.6B	2.85B	3.03B
Selling General & Admin Expenses, Total	2.2B	2.12B	2.47B	2.06B	1.95B
Provision for Bad Debts	33.79M	53.39M	254M	119K	105M
Depreciation & Amortization - (IS)	199M	175M	170M	118M	168M
Other Operating Expenses	318M	260M	364M	277M	250M
Other Operating Expenses, Total	2.75B	2.61B	3.26B	2.45B	2.47B
Operating Income	1.29B	849M	339M	398M	563M
Interest Expense, Total	-397M	-441M	-453M	-525M	-542M
Interest And Investment Income	46.61M	22.05M	8.13M	8.97M	15.29M
Net Interest Expenses	-350M	-419M	-445M	-516M	-526M
Income (Loss) On Equity Invest.	26.15M	5.08M	69.2M	52.62M	16.16M
Currency Exchange Gains (Loss)	35.77M	33.01M	40.16M	-75.55M	59.87M
Other Non Operating Income (Expenses)	-625M	-80.46M	-694M	-234M	148M
EBT, Excl. Unusual Items	377M	388M	-690M	-375M	260M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-5.26M	36.52K	15.86K	36.84K	96.5K
Gain (Loss) On Sale Of Assets	444M	-	-1.35M	2.85M	9.04M
Other Unusual Items	20.47M	-	-	7.58M	18.23M
EBT, Incl. Unusual Items	836M	388M	-691M	-364M	287M
Income Tax Expense	360M	186M	162M	179M	119M
Earnings From Continuing Operations	476M	201M	-854M	-543M	168M
Net Income to Company	476M	201M	-854M	-543M	168M
Minority Interest	18.75M	-932K	-12.67M	1.26M	8.11M
Net Income - (IS)	495M	200M	-866M	-542M	176M
Net Income to Common Incl Extra Items	495M	200M	-866M	-542M	176M
Net Income to Common Excl. Extra Items	495M	200M	-866M	-542M	176M
Per Share Items
Net EPS - Basic	0.35	0.14	-0.61	-0.38	0.12
Basic EPS - Continuing Operations	0.35	0.14	-0.61	-0.38	0.12
Basic Weighted Average Shares Outstanding	1.43B	1.43B	1.43B	1.43B	1.43B
Net EPS - Diluted	0.35	0.14	-0.61	-0.38	0.12
Diluted EPS - Continuing Operations	0.35	0.14	-0.61	-0.38	0.12
Diluted Weighted Average Shares Outstanding	1.43B	1.43B	1.43B	1.43B	1.59B
Normalized Basic EPS	0.18	0.17	-0.31	-0.16	0.12
Normalized Diluted EPS	0.18	0.17	-0.31	-0.16	0.11
Dividend Per Share	-	-	-	-	-
Payout Ratio	27.01	146.92	-0.66	-6.61	-
Supplemental Items
EBITDA	1.79B	1.35B	807M	775M	850M
EBITA	1.29B	849M	339M	398M	563M
EBIT	1.29B	849M	339M	398M	563M
EBITDAR	2.25B	1.69B	1.12B	1.16B	1.25B
Effective Tax Rate - (Ratio)	43.07	48.1	-23.46	-49.08	41.5
Total Current Taxes	384M	203M	168M	304M	67.11M
Total Deferred Taxes	-23.67M	-16.11M	-5.66M	-126M	52.19M
Normalized Net Income	254M	241M	-444M	-233M	171M
Interest on Long-Term Debt	320M	342M	365M	440M	580M
Non-Cash Pension Expense	50.98M	35.5M	24.96M	43.64M	51.09M
Supplemental Operating Expense Items
Advertising Expense	446M	312M	381M	253M	204M
Selling and Marketing Expenses	631M	504M	646M	518M	453M
General and Administrative Expenses	417M	441M	463M	473M	513M
Net Rental Expense, Total	453M	340M	314M	383M	400M
Imputed Operating Lease Interest Expense	465M	244M	193M	262M	274M
Imputed Operating Lease Depreciation	-11.44M	95.46M	122M	120M	125M
Maintenance & Repair Expenses, Total	135M	153M	195M	184M	187M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.42B	5.25B	3.48B	3.52B	2.28B
Short Term Investments	129M	124M	130M	147M	30.29M
Trading Asset Securities, Total	15.63M	14.94M	15.69M	2.17M	2.26M
Total Cash And Short Term Investments	4.56B	5.39B	3.62B	3.67B	2.31B
Accounts Receivable, Total	1.47B	1.91B	1.94B	1.88B	1.82B
Other Receivables	29.83M	39.47M	52.75M	61.19M	27.12M
Notes Receivable	10.03M	9.55M	10.35M	15.97M	17.49M
Total Receivables	1.51B	1.96B	2.01B	1.95B	1.86B
Inventory	153M	217M	240M	209M	185M
Prepaid Expenses	136M	127M	1.6B	355M	410M
Restricted Cash	31.34M	10.37M	430M	349M	262M
Other Current Assets, Total	1.49B	1.55B	1.72B	1.67B	1.61B
Total Current Assets	7.88B	9.26B	9.61B	8.2B	6.64B
Gross Property Plant And Equipment	6.84B	8.5B	9.5B	9.83B	9.74B
Accumulated Depreciation	-2.84B	-4.27B	-5.38B	-5.61B	-5.12B
Net Property Plant And Equipment	4B	4.23B	4.11B	4.22B	4.62B
Long-term Investments	537M	546M	544M	571M	547M
Goodwill	287M	287M	287M	287M	287M
Other Intangibles, Total	364M	322M	268M	256M	237M
Loans Receivable Long-Term	111M	96.95M	95.4M	89.6M	76.68M
Deferred Tax Assets Long-Term	378M	444M	462M	521M	526M
Other Long-Term Assets, Total	537M	480M	534M	2.44B	2.44B
Total Assets	14.09B	15.66B	15.92B	16.59B	15.37B
Liabilities
Accounts Payable, Total	1.72B	1.12B	1.19B	1.41B	1.36B
Accrued Expenses, Total	761M	1.2B	1.4B	1.57B	1.26B
Short-term Borrowings	260M	430M	849M	1.17B	925M
Current Portion of Long-Term Debt	117M	670M	2.05B	2.02B	2.44B
Current Portion of Leases	645M	817M	943M	919M	828M
Current Income Taxes Payable	43.36M	47.62M	55.82M	25.03M	19.44M
Unearned Revenue Current, Total	197M	306M	331M	508M	393M
Other Current Liabilities	1.2B	1.49B	3.9B	4.45B	3B
Total Current Liabilities	4.94B	6.08B	10.72B	12.07B	10.23B
Long-Term Debt	1.8B	2.16B	832M	661M	947M
Long-Term Leases	1.36B	1.55B	1.48B	1.34B	1.37B
Pension & Other Post Retirement Benefits	638M	765M	804M	734M	901M
Deferred Tax Liability Non Current	-	21.99M	14.98M	-	-
Other Non Current Liabilities	2.09B	2.12B	669K	38.05K	-
Total Liabilities	10.83B	12.69B	13.85B	14.81B	13.45B
Common Stock, Total	1.43B	1.43B	1.43B	1.43B	1.43B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	1.62B	1.54B	670M	128M	305M
Comprehensive Income and Other	194M	-4.06M	-45.49M	238M	215M
Total Common Equity	3.24B	2.96B	2.05B	1.79B	1.95B
Minority Interest	27.2M	12.82M	20.87M	-10.3M	-19.64M
Total Equity	3.27B	2.97B	2.07B	1.78B	1.93B
Total Liabilities And Equity	14.09B	15.66B	15.92B	16.59B	15.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.43B	1.43B	1.43B	1.43B	1.43B
ECS Total Common Shares Outstanding	1.43B	1.43B	1.43B	1.43B	1.43B
Book Value / Share	2.27	2.07	1.44	1.26	1.36
Tangible Book Value	2.59B	2.35B	1.5B	1.25B	1.42B
Tangible Book Value Per Share	1.82	1.65	1.05	0.88	1
Total Debt	4.18B	5.63B	6.15B	6.11B	6.51B
Net Debt	-384M	241M	2.53B	2.45B	4.2B
Debt Equivalent of Unfunded Proj. Benefit Obligation	638M	765M	804M	734M	901M
Debt Equivalent Oper. Leases	3.63B	2.72B	2.51B	3.06B	3.2B
Minority Interest, Total (Incl. Fin. Div)	27.2M	12.82M	20.87M	-10.3M	-19.64M
Equity Method Investments, Total	251M	314M	355M	372M	356M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	1.03B	1.03B	1.03B	1.03B	1.03B
Buildings, Total	-	-	-	-	1.14B
Machinery, Total	2.19B	2.14B	2.3B	2.09B	1.94B
Full Time Employees	9.09K	9.94K	11.28K	10.24K	8.95K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	173M	194M	222M	211M	257M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	495M	200M	-866M	-542M	176M
Depreciation & Amortization - CF	1.24B	1.32B	1.5B	1.42B	1.31B
Depreciation & Amortization, Total	1.24B	1.32B	1.5B	1.42B	1.31B
Amortization of Deferred Charges, Total - (CF)	116M	101M	93.74M	45.27M	73.8M
(Gain) Loss From Sale Of Asset	-442M	-1.19M	1.35M	-2.85M	-9.04M
(Gain) Loss on Sale of Investments - (CF)	5.29M	-36.52K	-15.86K	-36.84K	-96.5K
(Income) Loss On Equity Investments - (CF)	-26.15M	-5.08M	-69.2M	-52.62M	-16.16M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	837M	494M	912M	861M	493M
Change In Accounts Receivable	-1.08B	-455M	-111M	51.83M	84.51M
Change In Accounts Payable	1.35B	-240M	325M	480M	-555M
Change in Other Net Operating Assets	-391M	376M	-2.24B	-521M	-11.53M
Cash from Operations	2.11B	1.79B	-447M	1.74B	1.55B
Capital Expenditure	-1.07B	-415M	-343M	-645M	-745M
Sale of Property, Plant, and Equipment	8.87M	3.38M	5.47M	6.45M	-
Cash Acquisitions	579M	-	-120K	-	502K
Divestitures	-362M	-	-	-	-
Sale (Purchase) of Intangible assets	-118M	-60.19M	-40.14M	-50.74M	-22.82M
Investment in Marketable and Equity Securities, Total	110M	-1.08M	-	13.56M	-
Other Investing Activities, Total	-46.59M	4.96M	42.47M	31.61M	77.58M
Cash from Investing	-895M	-468M	-336M	-644M	-690M
Short Term Debt Issued, Total	43.22M	-	-	-	-
Long-Term Debt Issued, Total	400M	1.19B	509M	782M	999M
Total Debt Issued	443M	1.19B	509M	782M	999M
Short Term Debt Repaid, Total	-	-7.03M	-3.79M	-5.78M	-19.17M
Long-Term Debt Repaid, Total	-989M	-1.02B	-1.52B	-1.84B	-1.93B
Total Debt Repaid	-989M	-1.03B	-1.52B	-1.84B	-1.95B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-134M	-294M	-5.69M	-35.82M	-
Common & Preferred Stock Dividends Paid	-134M	-294M	-5.69M	-35.82M	-
Other Financing Activities, Total	-212M	-235M	-87.06M	-82.79M	-1.11B
Cash from Financing	-890M	-368M	-1.11B	-1.18B	-2.06B
Foreign Exchange Rate Adjustments	-40.68M	-128M	119M	124M	-34.13M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1
Net Change in Cash	281M	827M	-1.77B	42.51M	-1.24B
Supplemental Items
Cash Interest Paid	212M	235M	87.06M	82.79M	107M
Cash Income Tax Paid (Refund)	509M	198M	160M	233M	72.7M
Levered Free Cash Flow	325M	892M	-326M	3.24B	-1.09B
Unlevered Free Cash Flow	573M	1.17B	-42.58M	3.57B	-747M
Change In Net Working Capital	408M	310M	1.47B	-2.54B	1.72B
Net Debt Issued / Repaid	-545M	162M	-1.01B	-1.06B	-953M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.34	3.56	1.34	1.53	2.2
Return on Total Capital	12.66	6.61	2.51	3.09	4.31
Return On Equity %	14.54	6.45	-33.85	-28.19	9.07
Return on Common Equity	15.14	6.46	-34.59	-28.21	9.43
Margin Analysis
Gross Profit Margin %	26.51	24.48	22.14	18.78	20.9
SG&A Margin	14.42	15	15.21	13.56	13.41
EBITDA Margin %	11.77	9.58	4.97	5.1	5.85
EBITA Margin %	8.48	6.01	2.08	2.62	3.88
EBIT Margin %	8.48	6.01	2.08	2.62	3.88
Income From Continuing Operations Margin %	3.12	1.43	-5.25	-3.58	1.16
Net Income Margin %	3.25	1.42	-5.33	-3.57	1.21
Net Avail. For Common Margin %	3.25	1.42	-5.33	-3.57	1.21
Normalized Net Income Margin	1.67	1.71	-2.73	-1.53	1.18
Levered Free Cash Flow Margin	2.14	6.32	-2	21.32	-7.48
Unlevered Free Cash Flow Margin	3.77	8.27	-0.26	23.48	-5.14
Asset Turnover
Asset Turnover	1.2	0.95	1.03	0.93	0.91
Fixed Assets Turnover	5.61	3.43	3.9	3.65