Cash flow MicroStrategy Incorporated

Equities

MSTR

US5949724083

Software

Real-time Estimate Cboe BZX Other stock markets 19:07:54 19/09/2024 BST			5-day change	1st Jan Change
147.64 ^USD	+11.28%		+13.26%	+134.49%

04:52pm	Stocks in motion: Fed rate cut boosts crypto companies
02:24pm	US-listed crypto stocks jump after bumper rate cut from Fed	RE

bec8524b6e4d229a04145cc84f9ae1d2.PzxioXYL-viIO2p7xYJqY1NZ-5Q1Bou7E4SxPl9yjKc.WGs12Ud7g8vMYzI2lsc4Oikjmt17bdvISc7zfycg3_B2aSzsR3O3zrlLGQ

Published financial data: MICROSTRATEGY INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	486M	481M	511M	499M	496M
Total Revenues	486M	481M	511M	499M	496M
Cost of Goods Sold, Total	99.97M	91.06M	91.91M	103M	110M
Gross Profit	386M	390M	419M	396M	386M
Selling General & Admin Expenses, Total	278M	229M	256M	258M	265M
R&D Expenses	109M	104M	117M	127M	121M
Other Operating Expenses	-	70.7M	831M	1.29B	116M
Other Operating Expenses, Total	387M	403M	1.2B	1.67B	501M
Operating Income	-1M	-13.62M	-785M	-1.28B	-115M
Interest Expense, Total	-	-	-29.15M	-53.14M	-48.96M
Interest And Investment Income	10.91M	710K	-	-	-
Net Interest Expenses	10.91M	710K	-29.15M	-53.14M	-48.96M
Currency Exchange Gains (Loss)	-1M	-7.6M	2.5M	6.2M	-5.6M
Other Non Operating Income (Expenses)	-444K	562K	-213K	213K	396K
EBT, Excl. Unusual Items	8.46M	-19.95M	-811M	-1.32B	-169M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	29.8M	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	44.69M
EBT, Incl. Unusual Items	38.26M	-19.95M	-811M	-1.32B	-125M
Income Tax Expense	3.91M	-12.43M	-276M	147M	-554M
Earnings From Continuing Operations	34.36M	-7.52M	-535M	-1.47B	429M
Net Income to Company	34.36M	-7.52M	-535M	-1.47B	429M
Net Income - (IS)	34.36M	-7.52M	-535M	-1.47B	429M
Net Income to Common Incl Extra Items	34.36M	-7.52M	-535M	-1.47B	429M
Net Income to Common Excl. Extra Items	34.36M	-7.52M	-535M	-1.47B	429M
Per Share Items
Net EPS - Basic	0.33	-0.08	-5.34	-12.98	3.14
Basic EPS - Continuing Operations	0.33	-0.08	-5.34	-12.98	3.14
Basic Weighted Average Shares Outstanding	103M	96.84M	100M	113M	137M
Net EPS - Diluted	0.33	-0.08	-5.34	-12.98	2.64
Diluted EPS - Continuing Operations	0.33	-0.08	-5.34	-12.98	2.64
Diluted Weighted Average Shares Outstanding	103M	96.84M	100M	113M	166M
Normalized Basic EPS	0.05	-0.13	-5.06	-7.3	-0.77
Normalized Diluted EPS	0.05	-0.13	-5.06	-7.3	-0.64
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	15.7M	-293K	-773M	-1.26B	-109M
EBITA	-1M	-13.62M	-785M	-1.28B	-115M
EBIT	-1M	-13.62M	-785M	-1.28B	-115M
EBITDAR	33.91M	14.02M	-758M	-1.25B	-94.18M
Total Revenues (As Reported)	486M	481M	511M	499M	496M
Effective Tax Rate - (Ratio)	10.21	62.29	34	-11.14	444.61
Current Domestic Taxes	1.4M	3.31M	-2.44M	14.64M	6.15M
Current Foreign Taxes	5.14M	5.22M	5.53M	8.14M	9.15M
Total Current Taxes	6.53M	8.53M	3.1M	22.78M	15.3M
Deferred Domestic Taxes	-1.23M	-21.31M	-280M	124M	-569M
Deferred Foreign Taxes	-1.4M	351K	576K	451K	232K
Total Deferred Taxes	-2.63M	-20.96M	-279M	125M	-569M
Normalized Net Income	5.29M	-12.47M	-507M	-827M	-106M
Interest on Long-Term Debt	-	-	-	53.17M	48.03M
Supplemental Operating Expense Items
Advertising Expense	900K	100K	1.2M	800K	100K
Selling and Marketing Expenses	191M	149M	160M	147M	150M
General and Administrative Expenses	86.7M	80.14M	95.5M	111M	115M
Research And Development Expense From Footnotes	109M	104M	117M	127M	121M
Net Rental Expense, Total	18.21M	14.31M	15.3M	14.1M	14.44M
Imputed Operating Lease Interest Expense	-	-	2.54M	2.56M	2.41M
Imputed Operating Lease Depreciation	-	-	12.77M	11.55M	12.04M
Stock-Based Comp., COGS (Total)	556K	455K	2.37M	4.27M	4.56M
Stock-Based Comp., R&D Exp. (Total)	2.46M	2.74M	10.76M	13.9M	13.55M
Stock-Based Comp., S&M Exp. (Total)	1.94M	1.61M	12.88M	18.27M	18.02M
Stock-Based Comp., G&A Exp. (Total)	5.25M	6.35M	18.12M	27.18M	33.44M
Total Stock-Based Compensation	10.21M	11.15M	44.13M	63.62M	69.57M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	457M	59.68M	63.36M	43.84M	46.82M
Short Term Investments	109M	-	-	-	-
Total Cash And Short Term Investments	566M	59.68M	63.36M	43.84M	46.82M
Accounts Receivable, Total	165M	199M	190M	190M	185M
Other Receivables	-	-	-	-	15.3M
Total Receivables	165M	199M	190M	190M	200M
Prepaid Expenses	22M	13.3M	13.15M	23.82M	11.51M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1.09M	1.08M	1.08M	7.03M	1.86M
Other Current Assets, Total	-	-	-	-	7.4M
Total Current Assets	753M	273M	268M	265M	268M
Gross Property Plant And Equipment	244M	235M	226M	219M	217M
Accumulated Depreciation	-109M	-119M	-123M	-125M	-130M
Net Property Plant And Equipment	136M	117M	103M	93.61M	86.28M
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	-	-	-	900K
Deferred Tax Assets Long-Term	19.41M	6.5M	320M	188M	758M
Deferred Charges Long-Term	4.8M	6.1M	4.7M	15.8M	15.7M
Other Long-Term Assets, Total	3.22M	1.06B	2.86B	1.85B	3.63B
Total Assets	917M	1.47B	3.56B	2.41B	4.76B
Liabilities
Accounts Payable, Total	23.42M	31.31M	33.87M	27.42M	31.43M
Accrued Expenses, Total	48.79M	49.25M	56.04M	56.54M	51.54M
Current Portion of Long-Term Debt	-	-	-	454K	483K
Current Portion of Leases	9.6M	10.81M	9.21M	10.05M	10.46M
Current Income Taxes Payable	900K	3M	3M	5.5M	-
Unearned Revenue Current, Total	187M	191M	210M	217M	228M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	-	-	-	-	1.2M
Total Current Liabilities	270M	286M	312M	317M	323M
Long-Term Debt	-	486M	2.16B	2.38B	2.18B
Long-Term Leases	103M	84.33M	76.61M	67.34M	61.09M
Unearned Revenue Non Current	4.34M	14.66M	8.09M	12.76M	8.52M
Deferred Tax Liability Non Current	26K	8.21M	109K	198K	357K
Other Non Current Liabilities	30.4M	33.38M	26.22M	17.12M	22.21M
Total Liabilities	408M	913M	2.58B	2.79B	2.6B
Common Stock, Total	18K	18K	20K	20K	26K
Additional Paid In Capital	594M	763M	1.73B	1.84B	3.96B
Retained Earnings	583M	576M	41.44M	-1.43B	-999M
Treasury Stock	-659M	-782M	-782M	-782M	-782M
Comprehensive Income and Other	-9.65M	-3.88M	-7.54M	-13.8M	-11.44M
Total Common Equity	509M	553M	979M	-383M	2.16B
Total Equity	509M	553M	979M	-383M	2.16B
Total Liabilities And Equity	917M	1.47B	3.56B	2.41B	4.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	101M	95.87M	113M	115M	170M
ECS Total Common Shares Outstanding	101M	95.87M	113M	115M	169M
Book Value / Share	5.03	5.77	8.67	-3.32	12.83
Tangible Book Value	509M	553M	979M	-383M	2.16B
Tangible Book Value Per Share	5.03	5.77	8.67	-3.32	12.83
Total Debt	113M	582M	2.24B	2.46B	2.25B
Net Debt	-453M	522M	2.18B	2.41B	2.21B
Debt Equivalent Oper. Leases	146M	114M	122M	113M	116M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	118M	120M	120M	119M	120M
Full Time Employees	2.4K	2K	2.12K	2.15K	1.93K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.64M	2.76M	2.78M	2.56M	3.07M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	34.36M	-7.52M	-535M	-1.47B	429M
Depreciation & Amortization - CF	16.7M	13.33M	11.36M	10.87M	6.43M
Depreciation & Amortization, Total	16.7M	13.33M	11.36M	10.87M	6.43M
Amortization of Deferred Charges, Total - (CF)	-	1.54M	7.2M	8.69M	16.91M
(Gain) Loss on Sale of Investments - (CF)	41K	-94K	-	-	-
Asset Writedown & Restructuring Costs	-	8.21M	8.19M	8.07M	-
Stock-Based Compensation (CF)	10.21M	11.15M	44.13M	63.62M	69.57M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	124K	1.55M	669K	383K	797K
Other Operating Activities, Total	-5.45M	48.23M	547M	1.42B	-489M
Change In Accounts Receivable	-3.67M	-774K	2.62M	-5.29M	10.31M
Change In Accounts Payable	-7.32M	9.44M	3.75M	-3.52M	-634K
Change in Unearned Revenues	20.84M	-20.22M	14.71M	14.84M	2.36M
Change in Other Net Operating Assets	-4.95M	-11.23M	-9.99M	-42.64M	-33.09M
Cash from Operations	60.87M	53.62M	93.83M	3.21M	12.71M
Capital Expenditure	-10.18M	-3.65M	-2.71M	-2.49M	-2.94M
Sale (Purchase) of Intangible assets	-	-1.12B	-2.63B	-276M	-1.9B
Investment in Marketable and Equity Securities, Total	364M	110M	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	354M	-1.02B	-2.63B	-279M	-1.91B
Long-Term Debt Issued, Total	-	496M	1.55B	216M	-
Total Debt Issued	-	496M	1.55B	216M	-
Long-Term Debt Repaid, Total	-	-	-	-246K	-161M
Total Debt Repaid	-	-	-	-246K	-161M
Issuance of Common Stock	6.57M	205M	1.04B	52.46M	2.06B
Repurchase of Common Stock	-72.72M	-123M	-4.7M	-2.08M	-4.11M
Other Financing Activities, Total	-	-14.62M	-47.12M	-735K	-9.14M
Cash from Financing	-66.15M	563M	2.54B	265M	1.89B
Foreign Exchange Rate Adjustments	-1.37M	4.78M	-2.61M	-3.38M	444K
Net Change in Cash	347M	-397M	3.68M	-13.57M	-2.2M
Supplemental Items
Cash Interest Paid	-	-	20.42M	43.45M	41.23M
Cash Income Tax Paid (Refund)	5.91M	6.8M	7.01M	21.97M	30.32M
Levered Free Cash Flow	32.54M	-1.13B	-3.05B	-1.05B	-1.92B
Unlevered Free Cash Flow	32.54M	-1.13B	-3.04B	-1.02B	-1.9B
Change In Net Working Capital	-16.44M	20.16M	-25.49M	21.21M	4.97M
Net Debt Issued / Repaid	-	496M	1.55B	216M	-161M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.07	-0.71	-19.52	-26.72	-2
Return on Total Capital	-0.11	-0.98	-22.58	-30.18	-2.22
Return On Equity %	6.62	-1.42	-69.91	-493.35	48.17
Return on Common Equity	6.62	-1.42	-69.91	-493.35	48.17
Margin Analysis
Gross Profit Margin %	79.44	81.06	82.01	79.37	77.85
SG&A Margin	57.15	47.64	50.05	51.74	53.4
EBITDA Margin %	3.23	-0.06	-151.38	-253.35	-21.89
EBITA Margin %	-0.21	-2.83	-153.6	-255.52	-23.18
EBIT Margin %	-0.21	-2.83	-153.6	-255.52	-23.18
Income From Continuing Operations Margin %	7.06	-1.57	-104.84	-294.39	86.47
Net Income Margin %	7.06	-1.57	-104.84	-294.39	86.47
Net Avail. For Common Margin %	7.06	-1.57	-104.84	-294.39	86.47
Normalized Net Income Margin	1.09	-2.59	-99.29	-165.55	-21.31
Levered Free Cash Flow Margin	6.69	-235.33	-597.07	-209.74	-386.85
Unlevered Free Cash Flow Margin	6.69	-235.65	-594.91	-204.83	-382.46
Asset Turnover
Asset Turnover	0.55	0.4	0.2	0.17	0.14
Fixed Assets Turnover	5.18	3.81	4.65	5.07	5.52
Receivables Turnover (Average Receivables)	2.89	2.65	2.63	2.63	2.65
Short Term Liquidity
Current Ratio	2.79	0.95	0.86	0.83	0.83
Quick Ratio	2.71	0.9	0.81	0.74	0.76
Operating Cash Flow to Current Liabilities	0.23	0.19	0.3	0.01	0.04
Days Sales Outstanding (Average Receivables)	126.42	138.29	138.97	139	137.87
Average Days Payable Outstanding	104.24	131.09	156.31	130.26	123.5
Long Term Solvency
Total Debt/Equity	22.22	105.15	228.91	-641.16	104.12
Total Debt / Total Capital	18.18	51.25	69.6	118.48	51.01
LT Debt/Equity	20.34	103.19	227.97	-638.42	103.61
Long-Term Debt / Total Capital	16.64