Balance Sheet Nestlé S.A.

Equities

NESN

CH0038863350

Food Processing

Market Closed - Swiss Exchange Other stock markets 16:30:59 10/12/2024 GMT			5-day change	1st Jan Change
74.46 ^CHF	-1.51%		-2.79%	-23.64%

10:19am	NESTLE : Receives a Buy rating from Baader Bank	ZD
12-09	NESTLE : RBC maintains a Buy rating	ZD

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Published financial data: NESTLÉ S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	92.57B	84.34B	87.09B	94.42B	93B
Other Revenues, Total	297M	338M	382M	356M	353M
Total Revenues	92.86B	84.68B	87.47B	94.78B	93.35B
Cost of Goods Sold, Total	46.65B	42.84B	45.47B	51.74B	50.33B
Gross Profit	46.22B	41.84B	42B	43.04B	43.02B
Selling General & Admin Expenses, Total	28.44B	25.22B	25.31B	25.29B	25.36B
R&D Expenses	1.67B	1.58B	1.67B	1.7B	1.66B
Other Operating Expenses	213M	495M	381M	294M	344M
Other Operating Expenses, Total	30.32B	27.3B	27.36B	27.28B	27.36B
Operating Income	15.9B	14.54B	14.64B	15.75B	15.66B
Interest Expense, Total	-1.03B	-831M	-815M	-1.12B	-1.5B
Interest And Investment Income	161M	77M	42M	140M	192M
Net Interest Expenses	-865M	-754M	-773M	-984M	-1.31B
Income (Loss) On Equity Invest.	1B	1.82B	8.65B	1.04B	1.12B
Other Non Operating Income (Expenses)	-2M	3M	-2M	-1M	-1M
EBT, Excl. Unusual Items	16.03B	15.61B	22.52B	15.81B	15.47B
Restructuring Charges	-553M	-220M	-311M	-273M	-723M
Merger & Related Restructuring Charges	-11M	-45M	-55M	-46M	-27M
Impairment of Goodwill	-779M	-402M	-353M	-71M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	3.41B	1.76B	318M	-68M	-232M
Asset Writedown	-1.56B	-309M	-2.26B	-2.76B	-647M
Legal Settlements	-483M	-239M	-561M	-400M	-173M
Other Unusual Items	-	-420M	164M	136M	156M
EBT, Incl. Unusual Items	16.06B	15.74B	19.46B	12.33B	13.82B
Income Tax Expense	3.16B	3.36B	2.26B	2.73B	2.31B
Earnings From Continuing Operations	12.9B	12.37B	17.2B	9.6B	11.51B
Net Income to Company	12.9B	12.37B	17.2B	9.6B	11.51B
Minority Interest	-295M	-140M	-291M	-326M	-300M
Net Income - (IS)	12.61B	12.23B	16.9B	9.27B	11.21B
Net Income to Common Incl Extra Items	12.61B	12.23B	16.9B	9.27B	11.21B
Net Income to Common Excl. Extra Items	12.61B	12.23B	16.9B	9.27B	11.21B
Per Share Items
Net EPS - Basic	4.3	4.3	6.06	3.42	4.24
Basic EPS - Continuing Operations	4.3	4.3	6.06	3.42	4.24
Basic Weighted Average Shares Outstanding	2.93B	2.84B	2.79B	2.71B	2.65B
Net EPS - Diluted	4.3	4.29	6.06	3.42	4.23
Diluted EPS - Continuing Operations	4.3	4.29	6.06	3.42	4.23
Diluted Weighted Average Shares Outstanding	2.93B	2.85B	2.79B	2.71B	2.65B
Normalized Basic EPS	3.32	3.38	4.94	3.53	3.54
Normalized Diluted EPS	3.31	3.38	4.94	3.53	3.54
Dividend Per Share	2.7	2.75	2.8	2.95	3
Payout Ratio	57.34	62.95	45.44	82.18	69.85
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	18.68B	17.09B	17.14B	18.34B	18.16B
EBITA	15.94B	14.63B	14.75B	15.89B	15.8B
EBIT	15.9B	14.54B	14.64B	15.75B	15.66B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	19.67	21.38	11.62	22.15	16.74
Total Current Taxes	3.08B	2.81B	2.62B	2.57B	2.89B
Total Deferred Taxes	-35M	661M	346M	48M	-784M
Normalized Net Income	9.72B	9.62B	13.78B	9.55B	9.37B
Interest on Long-Term Debt	98M	79M	66M	72M	86M
Non-Cash Pension Expense	-56M	67M	52M	9M	-3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	8.5B	7.85B	7.92B	8.39B	7.76B
Research And Development Expense From Footnotes	1.67B	1.58B	1.67B	1.7B	1.66B
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	307M	269M	241M	181M	207M
Total Stock-Based Compensation	307M	269M	241M	181M	207M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.47B	5.24B	6.99B	5.51B	4.82B
Short Term Investments	2.79B	3.37B	7.01B	1.18B	1.04B
Trading Asset Securities, Total	57M	96M	43M	57M	-
Total Cash And Short Term Investments	10.32B	8.7B	14.04B	6.74B	5.85B
Accounts Receivable, Total	9.42B	8.1B	8.57B	8.83B	9B
Other Receivables	3.11B	3.36B	3.79B	3.57B	3.28B
Total Receivables	12.53B	11.45B	12.36B	12.4B	12.28B
Inventory	9.34B	10.1B	11.98B	15.02B	11.9B
Prepaid Expenses	498M	477M	575M	549M	521M
Other Current Assets, Total	2.97B	3.33B	303M	349M	310M
Total Current Assets	35.66B	34.07B	39.26B	35.06B	30.86B
Gross Property Plant And Equipment	59.29B	52.79B	56.73B	59.16B	58.45B
Accumulated Depreciation	-30.53B	-26.95B	-28.38B	-29.02B	-27.98B
Net Property Plant And Equipment	28.76B	25.84B	28.34B	30.14B	30.47B
Long-term Investments	14.12B	14.6B	14.63B	16.28B	16.04B
Goodwill	28.9B	27.62B	31.01B	31.26B	28.69B
Other Intangibles, Total	17.82B	20.15B	22.22B	20.24B	18.22B
Deferred Tax Assets Long-Term	2.11B	1.28B	1.26B	1.04B	1.18B
Other Long-Term Assets, Total	565M	468M	2.42B	1.16B	1.09B
Total Assets	128B	124B	139B	135B	127B
Liabilities
Accounts Payable, Total	14.02B	13.8B	15.62B	15.8B	14.2B
Accrued Expenses, Total	6.39B	6.86B	6.92B	6.88B	6.78B
Short-term Borrowings	8.05B	4.99B	4.3B	3.82B	2.21B
Current Portion of Long-Term Debt	5.56B	6.5B	5.47B	6.41B	6.33B
Current Portion of Leases	709M	615M	635M	658M	875M
Current Income Taxes Payable	2.67B	2.66B	2.96B	2.45B	2.36B
Other Current Liabilities	4.21B	4.29B	4.1B	3.96B	4.34B
Total Current Liabilities	41.62B	39.72B	40.02B	39.98B	37.08B
Long-Term Debt	20.47B	25.76B	34.19B	41.09B	43.79B
Long-Term Leases	2.67B	2.16B	2.3B	2.33B	2.03B
Pension & Other Post Retirement Benefits	6.15B	5.12B	3.78B	2.88B	2.72B
Deferred Tax Liability Non Current	2.59B	2.64B	3.79B	3.67B	2.89B
Other Non Current Liabilities	1.59B	2.11B	1.34B	2.44B	1.65B
Total Liabilities	75.08B	77.51B	85.42B	92.39B	90.16B
Common Stock, Total	298M	288M	282M	275M	267M
Retained Earnings	83.06B	76.81B	81.36B	74.63B	68.26B
Treasury Stock	-9.75B	-6.64B	-6.19B	-9.3B	-5.16B
Comprehensive Income and Other	-21.57B	-24.76B	-22.31B	-23.62B	-27.63B
Total Common Equity	52.04B	45.7B	53.14B	41.98B	35.74B
Minority Interest	827M	819M	587M	810M	645M
Total Equity	52.86B	46.51B	53.73B	42.79B	36.39B
Total Liabilities And Equity	128B	124B	139B	135B	127B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.88B	2.82B	2.76B	2.67B	2.62B
ECS Total Common Shares Outstanding	2.88B	2.82B	2.76B	2.67B	2.62B
Book Value / Share	18.07	16.22	19.26	15.73	13.64
Tangible Book Value	5.32B	-2.07B	-95M	-9.52B	-11.18B
Tangible Book Value Per Share	1.85	-0.74	-0.03	-3.57	-4.26
Total Debt	37.46B	40.04B	46.89B	54.31B	55.24B
Net Debt	27.14B	31.33B	32.86B	47.57B	49.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.45B	2.09B	-821M	-1.23B	-361M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	827M	819M	587M	810M	645M
Equity Method Investments, Total	11.5B	12B	11.81B	13.02B	13.09B
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	4.12B	4.52B	5.79B	7.53B	5.72B
Inventories - Finished Goods, Total	5.47B	5.82B	6.47B	7.82B	6.51B
Land - (BS)	17.4B	15.5B	14.95B	15.12B	15.05B
Machinery, Total	38.68B	34.68B	34.36B	34.92B	33.35B
Full Time Employees	291K	273K	276K	275K	270K
Accumulated Allowance for Doubtful Accounts (Supple)	276M	272M	259M	300M	270M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	12.61B	12.23B	16.9B	9.27B	11.21B
Depreciation & Amortization - CF	3.49B	3.13B	3.06B	3.1B	2.99B
Amortization of Goodwill and Intangible Assets - (CF)	46M	85M	111M	140M	147M
Depreciation & Amortization, Total	3.53B	3.21B	3.17B	3.24B	3.14B
Amortization of Deferred Charges, Total - (CF)	179M	253M	273M	304M	318M
(Gain) Loss From Sale Of Asset	-3.41B	-1.76B	-318M	68M	232M
Asset Writedown & Restructuring Costs	2.34B	711M	2.61B	2.73B	647M
(Income) Loss On Equity Investments - (CF)	-1B	-1.82B	-8.65B	-1.04B	-1.12B
Stock-Based Compensation (CF)	124M	123M	130M	128M	142M
Other Operating Activities, Total	1.23B	1.81B	344M	861M	664M
Change In Accounts Receivable	-1.03B	36M	-824M	-321M	-1.03B
Change In Inventories	-712M	-1.74B	-1.41B	-3.43B	1.76B
Change In Accounts Payable	1.66B	1.19B	2.12B	492M	65M
Change in Other Net Operating Assets	334M	126M	-477M	-390M	-85M
Cash from Operations	15.85B	14.38B	13.86B	11.91B	15.94B
Capital Expenditure	-3.7B	-4.08B	-4.88B	-5.1B	-5.71B
Cash Acquisitions	-125M	-4.52B	-6.39B	-1.71B	-211M
Divestitures	9.96B	3.92B	3.53B	160M	215M
Sale (Purchase) of Intangible assets	-516M	-288M	-461M	-266M	-489M
Investment in Marketable and Equity Securities, Total	2.44B	-931M	4.97B	4.98B	-662M
Other Investing Activities, Total	295M	232M	192M	24M	665M
Cash from Investing	8.36B	-5.67B	-3.04B	-1.9B	-6.2B
Short Term Debt Issued, Total	-	-	-	148M	-
Long-Term Debt Issued, Total	57M	10.33B	11.34B	10.94B	9.81B
Total Debt Issued	57M	10.33B	11.34B	11.08B	9.81B
Short Term Debt Repaid, Total	-444M	-2.75B	-885M	-	-2.54B
Long-Term Debt Repaid, Total	-3.29B	-3.18B	-4.47B	-3.28B	-3.59B
Total Debt Repaid	-3.73B	-5.93B	-5.36B	-3.28B	-6.13B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-9.77B	-6.81B	-6.55B	-10.68B	-5.23B
Common Dividends Paid	-7.23B	-7.7B	-7.68B	-7.62B	-7.83B
Common & Preferred Stock Dividends Paid	-7.23B	-7.7B	-7.68B	-7.62B	-7.83B
Other Financing Activities, Total	-479M	-269M	-903M	-889M	-375M
Cash from Financing	-21.16B	-10.38B	-9.15B	-11.38B	-9.76B
Foreign Exchange Rate Adjustments	-221M	-562M	89M	-100M	-682M
Net Change in Cash	2.83B	-2.23B	1.76B	-1.48B	-695M
Supplemental Items
Cash Interest Paid	1.03B	815M	753M	953M	1.33B
Cash Income Tax Paid (Refund)	2.85B	2.64B	2.72B	3.11B	2.8B
Levered Free Cash Flow	13.65B	8.24B	9.12B	3.88B	8.21B
Unlevered Free Cash Flow	14.29B	8.76B	9.63B	4.58B	9.14B
Change In Net Working Capital	-4.55B	-303M	-2.14B	3.62B	-1.9B
Net Debt Issued / Repaid	-3.67B	4.4B	5.98B	7.8B	3.68B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.5	7.22	6.95	7.18	7.48
Return on Total Capital	10.49	10.28	9.78	9.96	10.37
Return On Equity %	23.2	24.9	34.31	19.88	29.07
Return on Common Equity	23.05	25.03	34.21	19.49	28.84
Margin Analysis
Gross Profit Margin %	49.77	49.41	48.02	45.41	46.09
SG&A Margin	30.62	29.79	28.94	26.68	27.17
EBITDA Margin %	20.11	20.18	19.6	19.35	19.45
EBITA Margin %	17.17	17.28	16.86	16.77	16.93
EBIT Margin %	17.12	17.18	16.74	16.62	16.77
Income From Continuing Operations Margin %	13.9	14.61	19.66	10.12	12.33
Net Income Margin %	13.58	14.44	19.33	9.78	12.01
Net Avail. For Common Margin %	13.58	14.44	19.33	9.78	12.01
Normalized Net Income Margin	10.47	11.36	15.76	10.08	10.04
Levered Free Cash Flow Margin	14.7	9.74	10.43	4.09	8.79
Unlevered Free Cash Flow Margin	15.39	10.35	11.01	4.84	9.8
Asset Turnover
Asset Turnover	0.7	0.67	0.66	0.69	0.71
Fixed Assets Turnover	3.16	3.1	3.23	3.24	3.08
Receivables Turnover (Average Receivables)	9.99	9.63	10.45	10.85	10.43
Inventory Turnover (Average Inventory)	5.05	4.41	4.12	3.83	3.74
Short Term Liquidity
Current Ratio	0.86	0.86	0.98	0.88	0.83
Quick Ratio	0.55	0.51	0.66	0.48	0.49
Operating Cash Flow to Current Liabilities	0.38	0.36	0.35	0.3	0.43
Days Sales Outstanding (Average Receivables)	36.54	38.02	34.93	33.64	34.99
Days Outstanding Inventory (Average Inventory)	72.25	83.06	88.64	95.23	97.6
Average Days Payable Outstanding	105.38	116.77	113.42	104.68	115.96
Cash Conversion Cycle (Average Days)	3.41	4.31	10.15	24.18	16.64
Long Term Solvency
Total Debt/Equity	70.86	86.08	87.28	126.92	151.82
Total Debt / Total Capital	41.47	46.26	46.6	55.93	60.29
LT Debt/Equity	43.76	60.04	67.9	101.47	125.94
Long-Term Debt / Total Capital	25.61	32.27	36.26	44.71	50.01
Total Liabilities / Total Assets	58.68	62.5	61.39	68.34	71.25
EBIT / Interest Expense	15.5	17.5	17.96	14.02	10.44
EBITDA / Interest Expense	18.94	21.37	21.85	16.9	12.53
(EBITDA - Capex) / Interest Expense