Cash flow Legal & General Plc

Stocks

LGEN

GB0005603997

Life & Health Insurance

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15ce8da4c4d8b1e47e19a8a6ca.eVBXX8T9CkJw8RMQjPMFqj-he67lCl8U-iUjw1M-o6g.PSoFEYbQaAQ-pipi9cBhzGnrTviRPBF9iHFphTJcx80yORUptIlcM0CBIw

Published financial data: LEGAL & GENERAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	6.97B	8.53B	9.62B	10.57B	9.22B
Total Interest And Dividend Income	1.72B	-20.32B	-18.62B	-21.17B	-43.08B
Asset Management Fee	959M	899M	825M	864M	908M
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	20.15B	9.87B	30.35B
Other Revenues, Total	-	-	-	11.83B	13.59B
Total Revenues	9.65B	-10.89B	11.98B	11.97B	10.99B
Policy Benefits	4.38B	-16.44B	8.51B	9.25B	8.01B
Policy Acquisition / Underwriting Costs, Total	825M	834M	149M	175M	184M
Selling General & Admin Expenses, Total	4M	-	-	-	-
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	1.46B	1.69B	1.85B	1.67B	1.78B
Total Operating Expenses	6.68B	-13.91B	10.51B	11.1B	9.98B
Operating Income	2.98B	3.02B	1.47B	872M	1.02B
Interest Expense, Total	-239M	-222M	-347M	-372M	-282M
Other Non Operating Income (Expenses)	-55M	-68M	-	-	-
EBT, Excl. Unusual Items	2.68B	2.73B	1.13B	500M	737M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-49M	-	-931M	42M	87M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.63B	2.73B	195M	542M	824M
Income Tax Expense	589M	440M	-248M	347M	304M
Earnings From Continuing Operations	2.04B	2.29B	443M	195M	520M
Earnings Of Discontinued Operations	-	-	-	-	96M
Net Income to Company	2.04B	2.29B	443M	195M	616M
Minority Interest	7M	1M	14M	-4M	-24M
Net Income - (IS)	2.05B	2.29B	457M	191M	592M
Preferred Dividend and Other Adjustments	23M	23M	22M	21M	21M
Net Income to Common Incl Extra Items	2.03B	2.27B	435M	170M	571M
Net Income to Common Excl. Extra Items	2.03B	2.27B	435M	170M	475M
Per Share Items
Net EPS - Basic	0.34	0.38	0.07	0.03	0.1
Basic EPS - Continuing Operations	0.34	0.38	0.07	0.03	0.08
Basic Weighted Average Shares Outstanding	5.93B	5.92B	5.92B	5.89B	5.71B
Net EPS - Diluted	0.33	0.36	0.07	0.03	0.1
Diluted EPS - Continuing Operations	0.33	0.36	0.07	0.03	0.08
Diluted Weighted Average Shares Outstanding	6.3B	6.28B	6.28B	5.95B	6.08B
Normalized Basic EPS	0.28	0.29	0.12	0.05	0.08
Normalized Diluted EPS	0.27	0.27	0.11	0.05	0.07
Dividend Per Share	0.18	0.19	0.2	0.21	0.22
Payout Ratio	53.22	49.93	262.58	658.64	215.37
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	3.08B	3.04B	1.49B	895M	1.04B
EBITA	3.06B	3.02B	1.47B	872M	1.02B
EBIT	2.98B	3.02B	1.47B	872M	1.02B
EBITDAR	3.08B	-	1.49B	-	-
Total Revenues (As Reported)	45.45B	-89.29B	-	-	-
Effective Tax Rate - (Ratio)	22.38	16.12	-127.18	64.02	36.89
Total Current Taxes	531M	446M	120M	252M	138M
Total Deferred Taxes	34M	15M	-357M	96M	188M
Normalized Net Income	1.68B	1.71B	718M	308M	437M
Interest on Long-Term Debt	10M	8M	7M	7M	6M
Non-Cash Pension Expense	15M	18M	26M	0	-
Supplemental Operating Expense Items
Net Rental Expense, Total	4M	-	2M	-	-
Imputed Operating Lease Interest Expense	110K	-	78.82K	-	-
Imputed Operating Lease Depreciation	3.89M	-	1.92M	-	-
Stock-Based Comp., Other (Total)	33M	54M	59M	72M	69M
Total Stock-Based Compensation	33M	54M	59M	72M	69M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	297B	218B	8.03B	8.96B	7.97B
Investment In Equity and Preferred Securities, Total	213B	168B	616M	872M	510M
Trading Asset Securities, Total	-	-	461B	485B	512B
Real Estate Owned	10.15B	9.37B	8.89B	9.82B	11.64B
Mortgage Loans	-	-	-	-	-
Policy Loans	-	27M	-	-	-
Total Other Investments	-	-	2.02B	1.92B	1.86B
Total investments	521B	396B	481B	506B	534B
Cash And Equivalents	16.49B	35.78B	20.51B	16.66B	17.1B
Reinsurance Recoverable - (IS)	7.26B	7.25B	7.31B	9.16B	8.84B
Other Receivables - (Insurance Template)	17.86B	24.97B	7.54B	7.84B	5.64B
Deferred Policy Acquisition Costs - (BS)	26M	30M	-	-	-
Gross Property Plant And Equipment	-	-	681M	650M	558M
Accumulated Depreciation	-	-	-248M	-255M	-226M
Net Property Plant And Equipment	316M	326M	433M	395M	332M
Goodwill	68M	71M	73M	30M	54M
Other Intangibles, Total	365M	441M	477M	450M	341M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	19.12B	47.78B	2.35B	948M	13.69B
Deferred Tax Assets Long-Term (Collected)	2M	180M	1.71B	1.74B	1.59B
Other Long-Term Assets, Total	624M	750M	810M	819M	969M
Total Assets	583B	513B	522B	544B	582B
Liabilities
Accrued Expenses, Total	454M	517M	508M	597M	506M
Insurance And Annuity Liabilities	89.82B	70.34B	91.45B	95.65B	93.95B
Unpaid Claims	-	-	-	-	-
Unearned Premiums	-	-	-	-	-
Reinsurance Payable - (BS)	-	-	220M	170M	2M
Current Portion of Long-Term Debt	-	124M	-	-	-
Current Portion of Leases	35M	29M	30M	28M	22M
Short-Term Borrowings	57.22B	69.52B	59.43B	64.15B	52.37B
Long-Term Debt	5.19B	5.38B	6.06B	7.64B	4.83B
Long-Term Leases	174M	148M	144M	118M	53M
Current Income Taxes Payable	84M	69M	77M	118M	161M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	4.83B	44.9B	45.8B	53.64B	73.19B
Unearned Revenue Non Current	26M	40M	29M	12M	10M
Pension & Other Post Retirement Benefits	1.02B	617M	14M	3M	-
Deferred Tax Liability Non-Current	251M	428M	107M	197M	89M
Other Non Current Liabilities	413B	309B	313B	318B	355B
Total Liabilities	572B	501B	517B	541B	580B
Common Stock, Total	149M	149M	149M	147M	142M
Additional Paid In Capital	1.01B	1.02B	1.03B	1.04B	1.05B
Retained Earnings	9.23B	10.33B	2.97B	1.71B	517M
Treasury Stock	-99M	-144M	-147M	-163M	-163M
Comprehensive Income and Other	691M	813M	821M	814M	735M
Total Common Equity	10.98B	12.17B	4.83B	3.55B	2.28B
Minority Interest	-38M	-29M	-42M	-37M	29M
Total Equity	10.94B	12.14B	4.78B	3.51B	2.31B
Total Liabilities And Equity	583B	513B	522B	544B	582B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.93B	5.91B	5.92B	5.82B	5.63B
ECS Total Common Shares Outstanding	5.93B	5.91B	5.92B	5.82B	5.63B
Book Value / Share	1.85	1.97	0.73	0.52	0.32
Tangible Book Value	10.55B	11.66B	4.28B	3.07B	1.89B
Tangible Book Value Per Share	1.78	1.89	0.64	0.44	0.25
Total Debt	62.62B	75.21B	65.66B	71.94B	57.28B
Net Debt	46.13B	39.42B	45.15B	55.28B	40.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.02B	617M	14M	3M	-
Debt Equivalent Oper. Leases	32M	-	16M	-	-
Minority Interest, Total (Incl. Fin. Div)	-38M	-29M	-42M	-37M	29M
Equity Method Investments, Total	375M	554M	616M	872M	510M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	10.74K	11.5K	11.5K	10.8K	10.5K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.05B	2.29B	457M	191M	592M
Depreciation, Depletion & Amortization	53M	57M	48M	49M	44M
Amortization of Goodwill and Intangible Assets - (CF)	89M	1M	-	-	-
Total Depreciation, Depletion & Amortization	142M	58M	48M	49M	44M
Amortization of Deferred Charges, Total	-	45M	48M	56M	55M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-42M	-142M
(Gain) Loss on Sale of Investments - (CF)	-26.06B	109B	-21.57B	-8.5B	-31.59B
Total Asset Writedown	-	-	39M	14M	2M
Amort. Of Deferred Policy Acq. Costs - (CF)	-	-	-	-	-
Change in Trading Asset Securities	4.62B	20.89B	-8.82B	-1B	-11.44B
Change in insurance Reserves / Liabilities	726M	-20.28B	11.15B	2.37B	8.59B
Change in Other Net Operating Assets (Collected)	18.37B	-91.4B	6.46B	2.8B	40.47B
Other Operating Activities	-7M	-541M	-2.06B	-390M	-2.03B
Cash from Operations	-169M	20.46B	-14.24B	-4.45B	4.55B
Capital Expenditure	-205M	-187M	-237M	-95M	-51M
Cash Acquisitions	-	-2M	-9M	-	-22M
Divestitures	394M	-	-	455M	80M
Investment in Marketable and Equity Securities, Total	-56M	-37M	-176M	-121M	163M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	133M	-226M	-422M	239M	170M
Long-Term Debt Issued, Total	449M	945M	1.23B	2.32B	1.82B
Total Debt Issued	449M	945M	1.23B	2.32B	1.82B
Long-Term Debt Repaid, Total	-835M	-781M	-576M	-508M	-2.96B
Total Debt Repaid	-835M	-781M	-576M	-508M	-2.96B
Issuance of Common Stock	6M	6M	12M	6M	16M
Repurchase of Common Stock	-34M	-59M	-18M	-234M	-523M
Common Dividends Paid	-1.09B	-1.14B	-1.2B	-1.26B	-1.28B
Common & Preferred Stock Dividends Paid	-1.09B	-1.14B	-1.2B	-1.26B	-1.28B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.5B	-1.03B	-556M	331M	-2.93B
Foreign Exchange Rate Adjustments	8M	92M	-49M	20M	-108M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1.24B
Net Change in Cash	-1.53B	19.3B	-15.27B	-3.86B	441M
Supplemental Items
Cash Interest Paid	301M	290M	469M	365M	343M
Cash Income Tax Paid (Refund)	376M	366M	7M	-31M	29M
Net Debt Issued / Repaid	-386M	164M	650M	1.82B	-1.15B
Levered Free Cash Flow	8.27B	-36.62B	-25.57B	-15.59B	-17.4B
Unlevered Free Cash Flow	8.42B	-36.48B	-25.35B	-15.36B	-17.22B
Change In Net Working Capital	-6.59B	38.34B	26.19B	15.99B	17.97B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.32	0.34	0.18	0.1	0.11
Return on Total Capital	2.33	2.34	1.22	0.75	0.94
Return On Equity %	19.54	19.84	8.59	4.7	17.86
Return on Common Equity	19.32	19.59	8.38	4.06	16.29
Margin Analysis
Gross Profit Margin %	46.02	-43.29	27.75	21.26	25.49
SG&A Margin	0.04	-	-	-	-
EBITDA Margin %	31.9	-27.91	12.44	7.48	9.48
EBITA Margin %	31.75	-27.74	12.29	7.28	9.27
EBIT Margin %	30.83	-27.73	12.29	7.28	9.27
Income From Continuing Operations Margin %	21.17	-21.03	3.7	1.63	4.73
Net Income Margin %	21.24	-21.04	3.81	1.6	5.38
Net Avail. For Common Margin %	21	-20.83	3.63	1.42	4.32
Normalized Net Income Margin	17.43	-15.68	5.99	2.58	3.97
Levered Free Cash Flow Margin	85.72	336.27	-213.34	-130.26	-158.23
Unlevered Free Cash Flow Margin	87.27	334.99	-211.53	-128.32	-156.62
Asset Turnover
Asset Turnover	0.02	-0.02	0.02	0.02	0.02
Fixed Assets Turnover	32.72	-33.92	31.58	28.91	30.24
Receivables Turnover (Average Receivables)	133.12	-150.19	-47.49	-63.82	-216.75
Inventory Turnover (Average Inventory)	2.47	-7.77	4.43	7.65	17.69
Short Term Liquidity
Current Ratio	0.78	0.88	4.71	4.37	4.41
Quick Ratio	0.36	0.4	4.61	4.28	4.23
Operating Cash Flow to Current Liabilities	-0	0.18	-0.13	-0.04	0.04
Days Sales Outstanding (Average Receivables)	2.74	-2.43	-7.69	-5.73	-1.68
Days Outstanding Inventory (Average Inventory)	147.93	-46.98	82.3	47.82	20.63
Average Days Payable Outstanding	-	-	5.76	8.89	3.9
Cash Conversion Cycle (Average Days)	-	-	68.86	33.19	15.05
Long Term Solvency
Total Debt/Equity	572.22	619.54	1.37K	2.05K	2.48K
Total Debt / Total Capital	85.12	86.1	93.21	95.35	96.12
LT Debt/Equity	49	45.54	129.66	220.96	211.38
Long-Term Debt / Total Capital	7.29	6.33	8.81	10.28	8.2
Total Liabilities / Total Assets	98.12	97.63	99.08	99.35	99.6
EBIT / Interest Expense	12.45	13.6	4.24	2.34	3.61
EBITDA / Interest Expense	13.04	13.86	4.38	2.48	3.77
(EBITDA - Capex) / Interest Expense	12.18	13.02	3.7	2.22	3.59
Total Debt / EBITDA	20.09	24.43	43.17	78.11	53.88
Net Debt / EBITDA	14.8	12.81	29.68	60.02	37.8
Total Debt / (EBITDA - Capex)	21.5	26.01	51.14	87.09	56.6
Net Debt / (EBITDA - Capex)	15.84	13.64	35.16	66.93	39.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-46.39	-212.83	0.26	-0.13	11.8
Gross Profit, 1 Yr. Growth %	38.05	6.15	-20.98	-23.48	23.22
EBITDA, 1 Yr. Growth %	67.61	1.6	-49.66	-39.97	48.43
EBITA, 1 Yr. Growth %	67.89	1.51	-49.98	-40.8	50.07
EBIT, 1 Yr. Growth %	64.91	1.51	-49.97	-40.8	50.07
Earnings From Cont. Operations, 1 Yr. Growth %	59.48	12.09	-43.35	-55.98	300
Net Income, 1 Yr. Growth %	27.57	11.76	-41.63	-58.21	209.95
Normalized Net Income, 1 Yr. Growth %	72.95	1.46	-56.76	-57.02	74.82
Diluted EPS Before Extra, 1 Yr. Growth %	55.23	12.04	-41.65	-60.69	361.2
Net Property, Plant and Equip., 1 Yr. Growth %	15.33	3.16	32.82	-8.78	-15.95
Inventory, 1 Yr. Growth %	-6.2	-3.47	-2.08	-72.52	-25.61
Accounts Receivable, 1 Yr. Growth %	-9.21	10.14	-17.02	-4.49	4.03
Total Assets, 1 Yr. Growth %	2.12	-11.9	1.72	4.23	7
Common Equity, 1 Yr. Growth %	9.84	10.81	-13.23	-26.48	-35.65
Tangible Book Value, 1 Yr. Growth %	9.88	10.5	-15.33	-28.25	-38.46
Cash From Operations, 1 Yr. Growth %	-103.93	-12.21K	-169.61	-68.79	-202.29
Capital Expenditures, 1 Yr. Growth %	3.54	-8.78	26.74	-59.92	-46.32
Levered Free Cash Flow, 1 Yr. Growth %	-125.34	-168.31	-93.94	-39.02	11.13
Unlevered Free Cash Flow, 1 Yr. Growth %	-125.92	-167.86	-93.99	-39.41	11.22
Dividend Per Share, 1 Yr. Growth %	5.01	4.99	5.01	5.01	2.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-30.05	-22.22	11.44	0.07	-4.22
Gross Profit, 2 Yr. CAGR %	14.02	21.05	-13.46	-22.24	-8.21
EBITDA, 2 Yr. CAGR %	11.88	28.62	-29.4	-45.03	-16.4
EBITA, 2 Yr. CAGR %	11.81	28.66	-29.65	-45.59	-16.83
EBIT, 2 Yr. CAGR %	10.76	29.39	-29.63	-45.58	-16.83
Earnings From Cont. Operations, 2 Yr. CAGR %	6.92	33.7	-53.43	-50.06	8.34
Net Income, 2 Yr. CAGR %	5.72	19.4	-52.78	-50.61	13.82
Normalized Net Income, 2 Yr. CAGR %	10.76	32.47	-34.69	-56.89	-22
Diluted EPS Before Extra, 2 Yr. CAGR %	3.58	31.88	-52.74	-52.11	5.92
Net Property, Plant and Equip., 2 Yr. CAGR %	2.98	9.08	17.06	10.08	-12.44
Inventory, 2 Yr. CAGR %	-	-4.84	-2.78	-48.12	-54.78
Accounts Receivable, 2 Yr. CAGR %	-	0	50.36	-10.97	-0.32
Total Assets, 2 Yr. CAGR %	1.93	-5.15	-5.34	2.97	5.61
Common Equity, 2 Yr. CAGR %	10.23	10.33	-33.71	-20.13	-31.22
Tangible Book Value, 2 Yr. CAGR %	9.56	10.19	-36.33	-22.06	-33.55
Cash From Operations, 2 Yr. CAGR %	-77.32	118.13	818.06	-53.39	-43.49
Capital Expenditures, 2 Yr. CAGR %	51.77	-2.82	7.52	-28.72	-53.61
Levered Free Cash Flow, 2 Yr. CAGR %	83.78	5.9	-30.93	-80.78	-17.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	80.41	5.94	-31.32	-80.92	-17.59
Dividend Per Share, 2 Yr. CAGR %	2.47	5	5	5.01	3.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.24	-17.97	-12.68	7.44	-2.75
Gross Profit, 3 Yr. CAGR %	15.36	11.33	1.12	-16.94	-12.68
EBITDA, 3 Yr. CAGR %	8.8	7.3	-6.72	-33.11	-29.41
EBITA, 3 Yr. CAGR %	8.79	7.22	-6.89	-33.58	-29.8
EBIT, 3 Yr. CAGR %	8.22	7.59	-6.53	-33.57	-29.79
Earnings From Cont. Operations, 3 Yr. CAGR %	5	8.62	-29.81	-54.3	-12.72
Net Income, 3 Yr. CAGR %	3.91	7.7	-34.24	-54.67	-8.9
Normalized Net Income, 3 Yr. CAGR %	7.96	7.57	-9.64	-43.19	-35.93
Diluted EPS Before Extra, 3 Yr. CAGR %	2.87	6.32	-29.74	-55.55	-13.17
Net Property, Plant and Equip., 3 Yr. CAGR %	76.99	3.04	16.48	7.72	0.61
Inventory, 3 Yr. CAGR %	-	-	-3.93	-36.19	-41.5
Accounts Receivable, 3 Yr. CAGR %	-	-	27.09	29.25	-6.23
Total Assets, 3 Yr. CAGR %	5.76	-2.9	-2.92	-2.25	4.29
Common Equity, 3 Yr. CAGR %	8.57	10.42	-21.55	-31.38	-25.68
Tangible Book Value, 3 Yr. CAGR %	8.32	9.88	-23.63	-33.74	-27.96
Cash From Operations, 3 Yr. CAGR %	-22.35	84	49.06	197.41	-39.43
Capital Expenditures, 3 Yr. CAGR %	-20.04	28.08	6.18	-22.62	-35.15
Levered Free Cash Flow, 3 Yr. CAGR %	10.91	146.34	-7.83	-33.74	-65.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.36	141.57	-7.95	-34.13	-65.57
Dividend Per Share, 3 Yr. CAGR %	3.96	3.3	5	5	4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-11.61	0.86	1.74	-9.51	-9.39
Gross Profit, 5 Yr. CAGR %	8.28	8.42	2.83	-5.72	-2.72
EBITDA, 5 Yr. CAGR %	11.04	5.37	-9.01	-18.31	-10.72
EBITA, 5 Yr. CAGR %	11.09	5.53	-9.15	-18.67	-11
EBIT, 5 Yr. CAGR %	10.92	5.85	-8.9	-18.5	-10.8
Earnings From Cont. Operations, 5 Yr. CAGR %	11.72	4.68	-24.15	-35.79	-16.5
Net Income, 5 Yr. CAGR %	10.26	3.91	-24.21	-36.39	-18.1
Normalized Net Income, 5 Yr. CAGR %	11.39	5.98	-11.7	-25.8	-14.81
Diluted EPS Before Extra, 5 Yr. CAGR %	10.7	3.73	-24.63	-37.65	-17.2
Net Property, Plant and Equip., 5 Yr. CAGR %	32.98	40.76	50.01	5.8	3.91
Inventory, 5 Yr. CAGR %	-	-	-	-	-28.93
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	15.32
Total Assets, 5 Yr. CAGR %	4.49	0.35	1.17	-0.6	0.41
Common Equity, 5 Yr. CAGR %	9.6	10.12	-10.87	-17.06	-25.57
Tangible Book Value, 5 Yr. CAGR %	9.16	9.2	-12.42	-18.98	-27.77
Cash From Operations, 5 Yr. CAGR %	-47.12	35.92	108.56	6.24	1.12
Capital Expenditures, 5 Yr. CAGR %	35.43	-4.05	-9.98	1.31	-23.76
Levered Free Cash Flow, 5 Yr. CAGR %	19.3	10.75	33.35	44.8	-11.83
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.5	10.55	33.69	42.79	-11.93
Dividend Per Share, 5 Yr. CAGR %	5.15	4.76	4.37	3.98	4.4