Balance Sheet Pernod Ricard

Equities

RI

FR0000120693

Distillers & Wineries

Market Closed - Euronext Paris Other stock markets 16:35:28 14/07/2025 BST			After hours 16:52:56
93.62 ^EUR	-1.18%		93.65	+0.03%

12:10pm	FTSE 100 resilient as tariff strife hits Europe	AN
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Published financial data: PERNOD RICARD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	8.45B	8.82B	10.7B	12.14B	11.6B
Total Revenues	8.45B	8.82B	10.7B	12.14B	11.6B
Cost of Goods Sold, Total	3.36B	3.53B	4.23B	4.89B	4.62B
Gross Profit	5.09B	5.29B	6.47B	7.25B	6.98B
Selling General & Admin Expenses, Total	2.83B	2.89B	3.46B	3.91B	3.88B
Other Operating Expenses, Total	2.83B	2.89B	3.46B	3.91B	3.88B
Operating Income	2.26B	2.41B	3.01B	3.34B	3.1B
Interest Expense, Total	-354M	-274M	-228M	-279M	-458M
Interest And Investment Income	36M	36M	48M	7M	68M
Net Interest Expenses	-318M	-238M	-180M	-272M	-390M
Income (Loss) On Equity Invest.	-	-4M	5M	-4M	-7M
Currency Exchange Gains (Loss)	-19M	-37M	-20M	-30M	-17M
Other Non Operating Income (Expenses)	-30M	-8M	-25M	-9M	-11M
EBT, Excl. Unusual Items	1.89B	2.12B	2.79B	3.02B	2.68B
Restructuring Charges	-178M	-64M	-23M	-163M	-142M
Merger & Related Restructuring Charges	-16M	-50M	-13M	51M	-26M
Gain (Loss) On Sale Of Assets	24M	16M	5M	74M	292M
Asset Writedown	-1.01B	-78M	-10M	-35M	-499M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-109M	42M	-45M	-15M	-20M
EBT, Incl. Unusual Items	608M	1.98B	2.71B	2.93B	2.28B
Income Tax Expense	258M	667M	676M	651M	766M
Earnings From Continuing Operations	350M	1.32B	2.03B	2.28B	1.51B
Net Income to Company	350M	1.32B	2.03B	2.28B	1.51B
Minority Interest	-21M	-13M	-35M	-21M	-38M
Net Income - (IS)	329M	1.3B	2B	2.26B	1.48B
Net Income to Common Incl Extra Items	329M	1.3B	2B	2.26B	1.48B
Net Income to Common Excl. Extra Items	329M	1.3B	2B	2.26B	1.48B
Per Share Items
Net EPS - Basic	1.25	5	7.71	8.83	5.84
Basic EPS - Continuing Operations	1.25	5	7.71	8.83	5.84
Basic Weighted Average Shares Outstanding	263M	261M	259M	256M	253M
Net EPS - Diluted	1.24	4.99	7.69	8.81	5.83
Diluted EPS - Continuing Operations	1.24	4.99	7.69	8.81	5.83
Diluted Weighted Average Shares Outstanding	264M	262M	260M	257M	253M
Normalized Basic EPS	4.42	5.03	6.6	7.29	6.47
Normalized Diluted EPS	4.4	5.01	6.59	7.27	6.45
Dividend Per Share	2.66	3.12	4.12	4.7	4.7
Payout Ratio	258.05	53.95	41.38	47.39	81.84
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	2.49B	2.59B	3.14B	3.46B	3.43B
EBITA	2.26B	2.41B	3.01B	3.34B	3.1B
EBIT	2.26B	2.41B	3.01B	3.34B	3.1B
Effective Tax Rate - (Ratio)	42.43	33.6	24.97	22.19	33.6
Total Current Taxes	364M	425M	580M	624M	498M
Total Deferred Taxes	-106M	242M	97M	27M	268M
Normalized Net Income	1.16B	1.31B	1.71B	1.87B	1.63B
Interest on Long-Term Debt	14M	13M	12M	12M	276M
Non-Cash Pension Expense	-16M	12M	7M	6M	0
Supplemental Operating Expense Items
Advertising Expense	1.33B	1.39B	1.7B	1.94B	1.87B
Selling and Marketing Expenses	1.33B	1.39B	1.7B	1.94B	1.87B
Stock-Based Comp., Other (Total)	23M	28M	40M	44M	45M
Total Stock-Based Compensation	23M	28M	40M	44M	45M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.94B	2.08B	2.53B	1.61B	2.68B
Total Cash And Short Term Investments	1.94B	2.08B	2.53B	1.61B	2.68B
Accounts Receivable, Total	906M	1.13B	1.39B	1.81B	1.58B
Other Receivables	359M	427M	446M	302M	369M
Total Receivables	1.26B	1.55B	1.83B	2.12B	1.95B
Inventory	6.17B	6.56B	7.37B	8.1B	8.26B
Prepaid Expenses	66M	88M	83M	122M	113M
Other Current Assets, Total	139M	58M	98M	58M	459M
Total Current Assets	9.57B	10.33B	11.91B	12.01B	13.46B
Gross Property Plant And Equipment	5.4B	5.65B	6.36B	6.83B	6.84B
Accumulated Depreciation	-2.33B	-2.48B	-2.78B	-2.94B	-2.87B
Net Property Plant And Equipment	3.07B	3.17B	3.58B	3.89B	3.97B
Long-term Investments	129M	331M	595M	476M	564M
Goodwill	5.61B	5.5B	6.14B	6.75B	6.81B
Other Intangibles, Total	10.96B	10.72B	11.51B	12.25B	12.23B
Loans Receivable Long-Term	156M	105M	170M	186M	193M
Deferred Tax Assets Long-Term	1.68B	1.62B	1.84B	1.87B	1.71B
Other Long-Term Assets, Total	343M	356M	253M	246M	246M
Total Assets	31.52B	32.15B	36.01B	37.68B	39.18B
Liabilities
Accounts Payable, Total	1.88B	2.34B	3.02B	3.46B	2.93B
Accrued Expenses, Total	628M	718M	785M	835M	857M
Short-term Borrowings	299M	7M	180M	801M	196M
Current Portion of Long-Term Debt	804M	185M	1.07B	735M	1.94B
Current Portion of Leases	88M	103M	107M	99M	96M
Current Income Taxes Payable	232M	282M	263M	113M	149M
Other Current Liabilities	650M	585M	685M	891M	1.07B
Total Current Liabilities	4.58B	4.22B	6.11B	6.94B	7.24B
Long-Term Debt	8.79B	8.9B	9.44B	9.86B	11.05B
Long-Term Leases	433M	405M	400M	384M	352M
Pension & Other Post Retirement Benefits	605M	477M	361M	349M	277M
Deferred Tax Liability Non Current	2.6B	2.82B	3.14B	3.13B	3.15B
Other Non Current Liabilities	310M	253M	317M	294M	314M
Total Liabilities	17.31B	17.07B	19.76B	20.96B	22.39B
Common Stock, Total	411M	406M	400M	396M	393M
Additional Paid In Capital	3.05B	3.05B	3.05B	3.05B	3.05B
Retained Earnings	329M	1.3B	2B	2.26B	1.48B
Treasury Stock	-684M	-140M	-152M	-462M	-319M
Comprehensive Income and Other	10.86B	10.21B	10.65B	10.47B	11.15B
Total Common Equity	13.97B	14.83B	15.94B	15.72B	15.75B
Minority Interest	243M	246M	309M	998M	1.05B
Total Equity	14.21B	15.08B	16.25B	16.72B	16.8B
Total Liabilities And Equity	31.52B	32.15B	36.01B	37.68B	39.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	261M	261M	257M	253M	251M
ECS Total Common Shares Outstanding	261M	261M	257M	253M	251M
Book Value / Share	53.59	56.84	62.05	62.06	62.67
Tangible Book Value	-2.61B	-1.4B	-1.71B	-3.28B	-3.29B
Tangible Book Value Per Share	-10	-5.37	-6.67	-12.96	-13.1
Total Debt	10.42B	9.6B	11.19B	11.88B	13.63B
Net Debt	8.48B	7.52B	8.66B	10.28B	10.95B
Debt Equivalent of Unfunded Proj. Benefit Obligation	181M	11M	-68M	-40M	-110M
Minority Interest, Total (Incl. Fin. Div)	243M	246M	309M	998M	1.05B
Equity Method Investments, Total	28M	36M	243M	37M	58M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	173M	177M	228M	303M	274M
Inventories - Work In Process, Total	5.18B	5.49B	5.85B	6.44B	6.78B
Inventories - Finished Goods, Total	876M	977M	1.37B	1.43B	1.3B
Land - (BS)	348M	352M	441M	464M	362M
Buildings, Total	1.36B	1.4B	1.54B	1.64B	1.66B
Machinery, Total	2.15B	2.23B	2.46B	2.53B	2.43B
Full Time Employees	18.78K	18.31K	19.48K	20.62K	19.56K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	91M	104M	127M	106M	91M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	329M	1.3B	2B	2.26B	1.48B
Depreciation & Amortization - CF	350M	367M	381M	417M	441M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	350M	367M	381M	417M	441M
Minority Interest in Earnings - (CF)	21M	13M	35M	21M	38M
(Gain) Loss From Sale Of Asset	-27M	-16M	-5M	-74M	-292M
Asset Writedown & Restructuring Costs	1B	74M	6M	-28M	490M
(Income) Loss On Equity Investments - (CF)	-	4M	-5M	4M	9M
Stock-Based Compensation (CF)	23M	28M	40M	44M	45M
Net Cash From Discontinued Operations	3M	-	-	-	-
Other Operating Activities, Total	-89M	278M	98M	-45M	288M
Change In Accounts Receivable	261M	-231M	-185M	-499M	203M
Change In Inventories	-414M	-305M	-632M	-748M	-503M
Change In Accounts Payable	-197M	500M	550M	611M	-524M
Change in Other Net Operating Assets	-83M	-18M	15M	68M	56M
Cash from Operations	1.18B	2B	2.29B	2.03B	1.73B
Capital Expenditure	-365M	-433M	-506M	-702M	-773M
Sale of Property, Plant, and Equipment	14M	63M	25M	100M	8M
Investment in Marketable and Equity Securities, Total	-584M	-116M	-723M	-1.13B	89M
Other Investing Activities, Total	-1M	-	1M	-	-
Cash from Investing	-936M	-486M	-1.2B	-1.73B	-676M
Long-Term Debt Issued, Total	3.82B	1.79B	1.56B	1.7B	2.82B
Total Debt Issued	3.82B	1.79B	1.56B	1.7B	2.82B
Long-Term Debt Repaid, Total	-1.65B	-2.48B	-608M	-961M	-1.48B
Total Debt Repaid	-1.65B	-2.48B	-608M	-961M	-1.48B
Repurchase of Common Stock	-526M	-20M	-813M	-786M	-334M
Common Dividends Paid	-849M	-704M	-826M	-1.07B	-1.21B
Common & Preferred Stock Dividends Paid	-849M	-704M	-826M	-1.07B	-1.21B
Other Financing Activities, Total	1M	-	-	-	-
Cash from Financing	795M	-1.41B	-683M	-1.12B	-209M
Foreign Exchange Rate Adjustments	-26M	43M	42M	-103M	232M
Miscellaneous Cash Flow Adjustments	-2M	-1M	-1M	-	-
Net Change in Cash	1.01B	143M	449M	-918M	1.07B
Supplemental Items
Cash Interest Paid	371M	350M	275M	292M	355M
Cash Income Tax Paid (Refund)	474M	371M	619M	654M	547M
Levered Free Cash Flow	699M	1.21B	1.35B	1.2B	697M
Unlevered Free Cash Flow	920M	1.38B	1.5B	1.38B	984M
Change In Net Working Capital	501M	83M	301M	468M	667M
Net Debt Issued / Repaid	2.17B	-688M	956M	741M	1.33B

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.52	4.72	5.53	5.66	5.04
Return on Total Capital	5.84	6.1	7.23	7.44	6.56
Return On Equity %	2.3	9	12.97	13.85	9.04
Return on Common Equity	2.2	9.06	12.97	14.29	9.38
Margin Analysis
Gross Profit Margin %	60.22	59.98	60.49	59.7	60.14
SG&A Margin	33.45	32.72	32.33	32.21	33.41
EBITDA Margin %	29.5	29.32	29.3	28.54	29.55
EBITA Margin %	26.76	27.27	28.16	27.49	26.73
EBIT Margin %	26.76	27.27	28.16	27.49	26.73
Income From Continuing Operations Margin %	4.14	14.94	18.98	18.81	13.05
Net Income Margin %	3.89	14.79	18.65	18.64	12.73
Net Avail. For Common Margin %	3.89	14.79	18.65	18.64	12.73
Normalized Net Income Margin	13.76	14.86	15.99	15.39	14.09
Levered Free Cash Flow Margin	8.27	13.73	12.66	9.91	6.01
Unlevered Free Cash Flow Margin	10.89	15.67	13.99	11.34	8.48
Asset Turnover
Asset Turnover	0.27	0.28	0.31	0.33	0.3
Fixed Assets Turnover	3.01	2.83	3.17	3.25	2.95
Receivables Turnover (Average Receivables)	7.92	8.69	8.51	7.58	6.83
Inventory Turnover (Average Inventory)	0.56	0.56	0.61	0.63	0.57
Short Term Liquidity
Current Ratio	2.09	2.45	1.95	1.73	1.86
Quick Ratio	0.7	0.86	0.71	0.54	0.64
Operating Cash Flow to Current Liabilities	0.26	0.47	0.38	0.29	0.24
Days Sales Outstanding (Average Receivables)	46.18	42.03	42.87	48.15	53.57
Days Outstanding Inventory (Average Inventory)	649.18	657.54	601.02	577.35	647.57
Average Days Payable Outstanding	197.17	196.24	193.87	210.2	244.98
Cash Conversion Cycle (Average Days)	498.2	503.33	450.03	415.3	456.15
Long Term Solvency
Total Debt/Equity	73.28	63.65	68.85	71.1	81.17
Total Debt / Total Capital	42.29	38.89	40.78	41.55	44.8
LT Debt/Equity	64.9	61.69	60.51	61.32	67.88
Long-Term Debt / Total Capital	37.45	37.7	35.84	35.84	37.47
Total Liabilities / Total Assets	54.92	53.11	54.87	55.63	57.13
EBIT / Interest Expense	6.39	8.78	13.21	11.96	6.77
EBITDA / Interest Expense	7.38	10.12	14.89	13.46	7.73
(EBITDA - Capex) / Interest Expense	6.34	8.54	12.67	10.94	6.04
Total Debt / EBITDA	3.99	3.46	3.3	3.17	3.85
Net Debt / EBITDA	3.25	2.71	2.55	2.74	3.09
Total Debt / (EBITDA - Capex)	4.64	4.1	3.87	3.89	4.93
Net Debt / (EBITDA - Capex)	3.78	3.21	3	3.37	3.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.99	4.45	21.27	13.42	-4.44
Gross Profit, 1 Yr. Growth %	-9.95	4.05	22.29	11.94	-3.74
EBITDA, 1 Yr. Growth %	-11.06	3.81	21.18	10.49	-8.71
EBITA, 1 Yr. Growth %	-12.23	6.41	25.23	10.75	-7.1
EBIT, 1 Yr. Growth %	-12.23	6.41	25.23	10.75	-7.1
Earnings From Cont. Operations, 1 Yr. Growth %	-76.38	273.37	54.1	12.41	-33.68
Net Income, 1 Yr. Growth %	-77.39	296.66	52.95	13.33	-34.75
Normalized Net Income, 1 Yr. Growth %	-16.45	12.78	35.08	9.19	-12.52
Diluted EPS Before Extra, 1 Yr. Growth %	-77.37	298.77	54.11	14.56	-33.83
Accounts Receivable, 1 Yr. Growth %	-26.1	24.28	23.27	30.69	-12.84
Inventory, 1 Yr. Growth %	7.14	6.29	12.42	9.97	1.86
Net Property, Plant and Equip., 1 Yr. Growth %	20.86	3.22	13	8.57	2.06
Total Assets, 1 Yr. Growth %	1.55	1.97	12.02	4.62	4.01
Tangible Book Value, 1 Yr. Growth %	139.83	-46.28	22.27	91.65	0.24
Common Equity, 1 Yr. Growth %	-12.62	6.16	7.52	-1.42	0.2
Cash From Operations, 1 Yr. Growth %	-30.57	69.26	14.76	-11.38	-15.05
Capital Expenditures, 1 Yr. Growth %	-5.93	18.63	16.86	38.74	10.11
Levered Free Cash Flow, 1 Yr. Growth %	-46.71	73.1	11.72	-10.42	-42
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.35	50.12	8.19	-8.05	-28.56
Dividend Per Share, 1 Yr. Growth %	-14.74	17.29	32.05	14.08	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.58	-1.97	12.55	17.28	4.11
Gross Profit, 2 Yr. CAGR %	-1.93	-3.2	12.8	17	3.81
EBITDA, 2 Yr. CAGR %	-1.34	-3.91	12.16	15.72	4.55
EBITA, 2 Yr. CAGR %	-1.79	-3.36	15.44	17.77	1.43
EBIT, 2 Yr. CAGR %	-1.79	-3.36	15.44	17.77	1.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-53.27	-5.7	139.87	31.61	-13.66
Net Income, 2 Yr. CAGR %	-54.32	-5.29	146.31	31.66	-14.01
Normalized Net Income, 2 Yr. CAGR %	-3.92	-2.93	21.29	21.44	-2.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-54.31	-4.58	147.9	32.87	-12.93
Accounts Receivable, 2 Yr. CAGR %	-10.14	-4.17	23.77	26.93	6.73
Inventory, 2 Yr. CAGR %	6.16	6.72	9.31	11.19	5.84
Net Property, Plant and Equip., 2 Yr. CAGR %	12.67	11.69	8	10.76	5.26
Total Assets, 2 Yr. CAGR %	3.27	1.76	6.88	8.26	4.31
Tangible Book Value, 2 Yr. CAGR %	12.47	13.53	-18.96	53.08	38.61
Common Equity, 2 Yr. CAGR %	-2.84	-3.69	6.84	2.95	-0.61
Cash From Operations, 2 Yr. CAGR %	-18.45	8.41	39.37	0.85	-13.23
Capital Expenditures, 2 Yr. CAGR %	-1.21	5.64	17.74	27.33	23.6
Levered Free Cash Flow, 2 Yr. CAGR %	-20.43	-3.88	39.12	-0.42	-27.92
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16.73	-4.53	27.49	-0.26	-18.95
Dividend Per Share, 2 Yr. CAGR %	6.17	0	24.45	22.74	6.81
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.12	0.39	5.24	12.84	9.54
Gross Profit, 3 Yr. CAGR %	-3.17	0.03	4.64	12.52	9.63
EBITDA, 3 Yr. CAGR %	-1.39	0.35	3.81	11.6	9.83
EBITA, 3 Yr. CAGR %	-1.7	0.87	5.36	13.85	8.82
EBIT, 3 Yr. CAGR %	-1.7	0.87	5.36	13.85	8.82
Earnings From Cont. Operations, 3 Yr. CAGR %	-37.32	-6.32	11.08	86.31	4.73
Net Income, 3 Yr. CAGR %	-38.19	-6.12	11.11	90.15	4.19
Normalized Net Income, 3 Yr. CAGR %	-2.01	1.35	7.12	17.11	8.86
Diluted EPS Before Extra, 3 Yr. CAGR %	-38.19	-5.64	11.96	91.66	5.32
Accounts Receivable, 3 Yr. CAGR %	-7.21	0.12	4.22	26.04	11.98
Inventory, 3 Yr. CAGR %	5.15	6.2	8.58	9.53	7.99
Net Property, Plant and Equip., 3 Yr. CAGR %	10.15	9.43	12.13	8.19	7.78
Total Assets, 3 Yr. CAGR %	1.57	2.84	5.07	6.12	6.82
Tangible Book Value, 3 Yr. CAGR %	-8.88	-12.07	16.37	7.97	32.93
Common Equity, 3 Yr. CAGR %	0.64	0.07	-0.09	4.01	2.03
Cash From Operations, 3 Yr. CAGR %	-10.4	4.02	10.48	19.85	-4.76
Capital Expenditures, 3 Yr. CAGR %	-0.18	5	9.25	24.36	21.31
Levered Free Cash Flow, 3 Yr. CAGR %	-15.26	3.15	1.09	19.76	-16.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.07	1.38	-0.44	14.33	-10.76
Dividend Per Share, 3 Yr. CAGR %	9.61	9.75	9.71	20.89	14.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.26	0.32	3.5	6.83	4.78
Gross Profit, 5 Yr. CAGR %	-0.8	-0.29	2.93	6.5	4.31
EBITDA, 5 Yr. CAGR %	0.48	0.84	3.82	6.24	4.11
EBITA, 5 Yr. CAGR %	0.07	0.94	4.83	7.32	3.77
EBIT, 5 Yr. CAGR %	0.38	1.24	4.83	7.32	3.77
Earnings From Cont. Operations, 5 Yr. CAGR %	-16.84	0.98	7.4	7.33	0.43
Net Income, 5 Yr. CAGR %	-17.5	1.11	7.46	7.48	0.29
Normalized Net Income, 5 Yr. CAGR %	1.59	2.96	6.72	8.2	3.26
Diluted EPS Before Extra, 5 Yr. CAGR %	-17.48	1.42	7.93	8.2	1.25
Accounts Receivable, 5 Yr. CAGR %	-4.69	1.06	4.12	10.09	5.22
Inventory, 5 Yr. CAGR %	2.88	4.37	6.79	8.17	7.48
Net Property, Plant and Equip., 5 Yr. CAGR %	6.96	6.08	9.28	9.96	9.33
Total Assets, 5 Yr. CAGR %	0.73	0.99	3.66	4.97	4.77
Tangible Book Value, 5 Yr. CAGR %	-10.68	-19.84	-13.05	9.76	24.8
Common Equity, 5 Yr. CAGR %	1.26	2.14	3.07	1.21	-0.3
Cash From Operations, 5 Yr. CAGR %	2.67	8.39	6.92	2.74	0.3
Capital Expenditures, 5 Yr. CAGR %	2.48	5.39	6.63	13.42	14.78
Levered Free Cash Flow, 5 Yr. CAGR %	2.5	0.83	3.35	1.72	-11.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.12	-0.97	1.34	0.74	-8.3
Dividend Per Share, 5 Yr. CAGR %	8.12	10.66	15.32	14.77	8.54