Cash flow Nokia Oyj

Equities

NOKIA

FI0009000681

Communications & Networking

Market Closed - Nasdaq Helsinki Other stock markets 17:00:00 17/09/2024 BST			After market 20:00:56
3.798 ^EUR	+0.04%		3.776	-0.59%

03:56pm	Nokia: Oi deploys Corteca suite in Brazil	CF
12:29pm	Nokia Rolls Out Event-Driven Automation Platform for Data Center Network Operations	MT

ce4.omiMFocy3SjRK1i3iNGtp3fdPw89FB51TdNSw_7yV8c.2CnldbBWj1CLSm_cy4DL_TCkbWF-OXoBJeYbmpWmD5LDWP5OsQTrGIlkGQ

Published financial data: NOKIA OYJ

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	23.32B	21.85B	22.2B	24.91B	22.26B
Total Revenues	23.32B	21.85B	22.2B	24.91B	22.26B
Cost of Goods Sold, Total	14.87B	13.27B	13.33B	14.6B	13.42B
Gross Profit	8.45B	8.59B	8.88B	10.31B	8.84B
Selling General & Admin Expenses, Total	3.04B	2.82B	2.69B	2.87B	2.6B
R&D Expenses	4.41B	3.9B	4.15B	4.51B	4.27B
Other Operating Expenses	-61M	180M	39M	196M	-65M
Other Operating Expenses, Total	7.39B	6.9B	6.88B	7.58B	6.8B
Operating Income	1.06B	1.69B	1.99B	2.73B	2.03B
Interest Expense, Total	-299M	-235M	-206M	-222M	-358M
Interest And Investment Income	73M	59M	49M	82M	220M
Net Interest Expenses	-226M	-176M	-157M	-140M	-138M
Income (Loss) On Equity Invest.	12M	22M	9M	-26M	-39M
Currency Exchange Gains (Loss)	-194M	-3M	-15M	-87M	-107M
Other Non Operating Income (Expenses)	2M	20M	-50M	-80M	-12M
EBT, Excl. Unusual Items	651M	1.55B	1.78B	2.4B	1.74B
Restructuring Charges	-435M	-651M	-257M	-173M	-350M
Merger & Related Restructuring Charges	-173M	11M	-	-	-
Impairment of Goodwill	-	-200M	-	-	-
Gain (Loss) On Sale Of Investments	47M	61M	188M	-45M	-56M
Gain (Loss) On Sale Of Assets	-11M	-9M	66M	7M	168M
Asset Writedown	-36M	-	-20M	-	-
Legal Settlements	-18M	-19M	90M	-	-
Other Unusual Items	131M	-	80M	-	-
EBT, Incl. Unusual Items	156M	743M	1.93B	2.18B	1.5B
Income Tax Expense	138M	3.26B	272M	-2.03B	825M
Earnings From Continuing Operations	18M	-2.51B	1.65B	4.21B	674M
Earnings Of Discontinued Operations	-7M	-3M	-9M	49M	5M
Net Income to Company	11M	-2.52B	1.64B	4.26B	679M
Minority Interest	-4M	-7M	-22M	-9M	-14M
Net Income - (IS)	7M	-2.52B	1.62B	4.25B	665M
Net Income to Common Incl Extra Items	7M	-2.52B	1.62B	4.25B	665M
Net Income to Common Excl. Extra Items	14M	-2.52B	1.63B	4.2B	660M
Per Share Items
Net EPS - Basic	0	-0.45	0.29	0.76	0.12
Basic EPS - Continuing Operations	0	-0.45	0.29	0.75	0.12
Basic Weighted Average Shares Outstanding	5.6B	5.61B	5.63B	5.61B	5.55B
Net EPS - Diluted	0	-0.45	0.29	0.75	0.12
Diluted EPS - Continuing Operations	0	-0.45	0.29	0.74	0.12
Diluted Weighted Average Shares Outstanding	5.63B	5.61B	5.68B	5.67B	5.59B
Normalized Basic EPS	0.07	0.17	0.19	0.27	0.19
Normalized Diluted EPS	0.07	0.17	0.19	0.26	0.19
Dividend Per Share	-	-	0.08	0.12	0.13
Payout Ratio	8K	-5.87	0.55	7.91	91.88
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.49B	2.6B	2.87B	3.64B	2.9B
EBITA	2.04B	2.16B	2.44B	3.19B	2.46B
EBIT	1.06B	1.69B	1.99B	2.73B	2.03B
EBITDAR	2.58B	2.62B	2.89B	-	-
Effective Tax Rate - (Ratio)	88.46	438.22	14.12	-92.77	55.04
Total Current Taxes	367M	295M	409M	426M	431M
Total Deferred Taxes	-229M	2.96B	-137M	-2.45B	394M
Normalized Net Income	403M	962M	1.09B	1.49B	1.07B
Interest on Long-Term Debt	28M	25M	24M	26M	28M
Non-Cash Pension Expense	-23M	-58M	-39M	-136M	-235M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	4.49B	4.09B	4.21B	4.55B	4.33B
Net Rental Expense, Total	90M	22M	13M	-	-
Imputed Operating Lease Interest Expense	47.16M	7.01M	3.53M	-	-
Imputed Operating Lease Depreciation	42.84M	14.99M	9.47M	-	-
Stock-Based Comp., Other (Total)	77M	76M	118M	149M	202M
Total Stock-Based Compensation	77M	76M	118M	149M	202M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.91B	6.94B	6.69B	5.47B	6.23B
Short Term Investments	200M	1.18B	2.6B	3.08B	1.56B
Trading Asset Securities, Total	-	-	-	-	24M
Total Cash And Short Term Investments	6.11B	8.12B	9.29B	8.55B	7.82B
Accounts Receivable, Total	6.51B	6.58B	6.53B	6.75B	6.06B
Other Receivables	1.17B	1.1B	1.05B	984M	884M
Notes Receivable	-	-	-	-	-
Total Receivables	7.68B	7.68B	7.58B	7.74B	6.94B
Inventory	2.94B	2.24B	2.39B	3.26B	2.72B
Prepaid Expenses	-	-	-	103M	187M
Other Current Assets, Total	81M	169M	336M	615M	496M
Total Current Assets	16.81B	18.22B	19.6B	20.27B	18.17B
Gross Property Plant And Equipment	5.6B	5.82B	6.42B	6.91B	6.86B
Accumulated Depreciation	-2.83B	-3.24B	-3.61B	-3.97B	-4B
Net Property Plant And Equipment	2.77B	2.59B	2.81B	2.94B	2.86B
Long-term Investments	1.35B	1.28B	1B	1.72B	1.78B
Goodwill	5.53B	5.07B	5.43B	6.8B	5.5B
Other Intangibles, Total	2.43B	1.95B	1.62B	131M	1.09B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	5.12B	1.82B	1.27B	3.83B	3.87B
Other Long-Term Assets, Total	5.12B	5.26B	8.32B	7.24B	6.59B
Total Assets	39.13B	36.19B	40.05B	42.94B	39.86B
Liabilities
Accounts Payable, Total	3.79B	3.17B	3.68B	4.73B	3.42B
Accrued Expenses, Total	2.48B	2.92B	3.14B	3B	2.34B
Short-term Borrowings	292M	-	-	-	-
Current Portion of Long-Term Debt	-	561M	116M	327M	582M
Current Portion of Leases	259M	189M	185M	184M	198M
Current Income Taxes Payable	187M	188M	202M	185M	203M
Unearned Revenue Current, Total	2.91B	2.55B	2.45B	1.98B	2.16B
Other Current Liabilities	2.15B	2.18B	2.33B	2.37B	2.02B
Total Current Liabilities	12.06B	11.76B	12.1B	12.77B	10.93B
Long-Term Debt	3.98B	5.02B	4.54B	4.25B	3.64B
Long-Term Leases	771M	721M	824M	858M	799M
Unearned Revenue Non Current	1.53B	1.03B	659M	120M	210M
Pension & Other Post Retirement Benefits	4.34B	4.05B	3.41B	2.46B	2.3B
Deferred Tax Liability Non Current	390M	260M	282M	332M	725M
Other Non Current Liabilities	653M	817M	776M	725M	629M
Total Liabilities	23.73B	23.65B	22.59B	21.52B	19.23B
Common Stock, Total	246M	246M	246M	246M	246M
Additional Paid In Capital	427M	443M	454M	503M	628M
Retained Earnings	-1.61B	-4.14B	-2.54B	1.38B	1.4B
Treasury Stock	-352M	-352M	-352M	-352M	-352M
Comprehensive Income and Other	16.62B	16.27B	19.55B	19.56B	18.61B
Total Common Equity	15.32B	12.46B	17.36B	21.33B	20.54B
Minority Interest	76M	80M	102M	93M	91M
Total Equity	15.4B	12.54B	17.46B	21.43B	20.63B
Total Liabilities And Equity	39.13B	36.19B	40.05B	42.94B	39.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.61B	5.62B	5.63B	5.59B	5.53B
ECS Total Common Shares Outstanding	5.61B	5.62B	5.63B	5.59B	5.53B
Book Value / Share	2.73	2.22	3.08	3.82	3.72
Tangible Book Value	7.37B	5.44B	10.31B	14.4B	13.95B
Tangible Book Value Per Share	1.31	0.97	1.83	2.58	2.52
Total Debt	5.31B	6.49B	5.66B	5.62B	5.22B
Net Debt	-803M	-1.64B	-3.63B	-2.93B	-2.61B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-3.38B	-3.77B	-5.68B	-5.36B	-4.84B
Debt Equivalent Oper. Leases	720M	176M	104M	-	-
Minority Interest, Total (Incl. Fin. Div)	76M	80M	102M	93M	91M
Equity Method Investments, Total	165M	233M	243M	199M	88M
Account Code - Inventory Valuation	3	3	5	5	5
Inventories - Raw Materials, Total	568M	552M	673M	1.08B	1.16B
Inventories - Work In Process, Total	1.28B	750M	680M	815M	583M
Inventories - Finished Goods, Total	1.09B	940M	1.04B	1.38B	980M
Land - (BS)	-	1.26B	1.23B	1.41B	1.43B
Buildings, Total	1.19B	-	-	-	-
Machinery, Total	2.99B	3.14B	3.37B	3.59B	3.55B
Full Time Employees	93.78K	92.04K	87.93K	86.9K	86.69K
Part Time Employees	947	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	147M	300M	-	-	-
Order Backlog	18.8B	16.6B	20.3B	19.5B	22B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7M	-2.52B	1.62B	4.25B	665M
Depreciation & Amortization - CF	676M	660M	646M	675M	664M
Amortization of Goodwill and Intangible Assets - (CF)	984M	472M	449M	465M	423M
Depreciation & Amortization, Total	1.66B	1.13B	1.1B	1.14B	1.09B
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-63M	-3M	-59M	-35M	-143M
(Gain) Loss on Sale of Investments - (CF)	66M	-56M	-188M	-27M	56M
Asset Writedown & Restructuring Costs	433M	695M	223M	277M	341M
(Income) Loss On Equity Investments - (CF)	-12M	-26M	-9M	26M	-
Stock-Based Compensation (CF)	81M	76M	108M	149M	202M
Net Cash From Discontinued Operations	-6M	-	-	-	-
Other Operating Activities, Total	12M	3.17B	100M	-2.46B	391M
Change In Accounts Receivable	159M	-418M	239M	-451M	304M
Change In Inventories	285M	553M	-48M	-991M	443M
Change in Other Net Operating Assets	-2.23B	-845M	-459M	-401M	-2.03B
Cash from Operations	390M	1.76B	2.62B	1.47B	1.32B
Capital Expenditure	-690M	-479M	-560M	-601M	-652M
Sale of Property, Plant, and Equipment	39M	13M	103M	33M	189M
Cash Acquisitions	-	-104M	-33M	-20M	-19M
Divestitures	19M	11M	-	-	17M
Investment in Marketable and Equity Securities, Total	482M	-968M	-1.25B	-1.26B	1.48B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-21M	-	-	-	-
Other Investing Activities, Total	4M	10M	-58M	-28M	30M
Cash from Investing	-167M	-1.52B	-1.8B	-1.88B	1.04B
Short Term Debt Issued, Total	40M	-	-	27M	-
Long-Term Debt Issued, Total	1.04B	1.6B	17M	8M	496M
Total Debt Issued	1.08B	1.6B	17M	35M	496M
Short Term Debt Repaid, Total	-	-83M	-67M	-	-40M
Long-Term Debt Repaid, Total	-987M	-480M	-1.15B	-219M	-1.04B
Total Debt Repaid	-987M	-563M	-1.22B	-219M	-1.08B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-300M	-300M
Common Dividends Paid	-560M	-148M	-9M	-336M	-611M
Common & Preferred Stock Dividends Paid	-560M	-148M	-9M	-336M	-611M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-11M	-1M	-	-17M	-10M
Cash from Financing	-479M	883M	-1.21B	-837M	-1.5B
Foreign Exchange Rate Adjustments	-95M	-95M	133M	19M	-91M
Net Change in Cash	-351M	1.03B	-249M	-1.22B	767M
Supplemental Items
Cash Interest Paid	1M	35M	192M	180M	241M
Cash Income Tax Paid (Refund)	516M	280M	314M	381M	576M
Levered Free Cash Flow	461M	1.75B	2.39B	1.33B	950M
Unlevered Free Cash Flow	648M	1.9B	2.52B	1.47B	1.17B
Change In Net Working Capital	1.06B	-115M	-617M	927M	734M
Net Debt Issued / Repaid	92M	1.03B	-1.2B	-184M	-581M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.68	2.8	3.27	4.11	3.07
Return on Total Capital	3.31	5.31	5.91	6.8	4.8
Return On Equity %	0.12	-17.98	11.02	21.65	3.21
Return on Common Equity	0.09	-18.14	10.94	21.71	3.15
Margin Analysis
Gross Profit Margin %	36.24	39.29	39.97	41.37	39.71
SG&A Margin	13.05	12.91	12.12	11.52	11.7
EBITDA Margin %	10.69	11.88