Cash flow Sage Group plc

Equities

SGE

GB00B8C3BL03

Software

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Published financial data: SAGE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	1.85B	1.95B	2.18B	2.33B	2.51B
Total Revenues	1.85B	1.95B	2.18B	2.33B	2.51B
Cost of Goods Sold, Total	131M	138M	156M	168M	183M
Gross Profit	1.72B	1.81B	2.03B	2.16B	2.33B
Selling General & Admin Expenses, Total	1.17B	1.32B	1.49B	1.58B	1.68B
Provision for Bad Debts	6M	3M	4M	6M	7M
Depreciation & Amortization - (IS)	43M	41M	39M	29M	30M
Amortization of Goodwill and Intangible Assets - (IS)	44M	56M	69M	67M	60M
Other Operating Expenses, Total	1.26B	1.42B	1.6B	1.68B	1.77B
Operating Income	453M	386M	424M	481M	558M
Interest Expense, Total	-27M	-31M	-45M	-45M	-57M
Interest And Investment Income	1M	1M	12M	19M	12M
Net Interest Expenses	-26M	-30M	-33M	-26M	-45M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-1M
EBT, Excl. Unusual Items	427M	356M	391M	455M	512M
Restructuring Charges	-62M	20M	3M	2M	1M
Merger & Related Restructuring Charges	-9M	-39M	-49M	-34M	-31M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-22M	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-9M	-	-41M	3M	2M
EBT, Incl. Unusual Items	347M	337M	282M	426M	484M
Income Tax Expense	62M	77M	71M	103M	115M
Earnings From Continuing Operations	285M	260M	211M	323M	369M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	285M	260M	211M	323M	369M
Net Income - (IS)	285M	260M	211M	323M	369M
Net Income to Common Incl Extra Items	285M	260M	211M	323M	369M
Net Income to Common Excl. Extra Items	285M	260M	211M	323M	369M
Per Share Items
Net EPS - Basic	0.26	0.25	0.21	0.32	0.38
Basic EPS - Continuing Operations	0.26	0.25	0.21	0.32	0.38
Basic Weighted Average Shares Outstanding	1.08B	1.02B	1.02B	1.01B	978M
Net EPS - Diluted	0.26	0.25	0.2	0.32	0.37
Diluted EPS - Continuing Operations	0.26	0.25	0.2	0.32	0.37
Diluted Weighted Average Shares Outstanding	1.09B	1.03B	1.04B	1.02B	993M
Normalized Basic EPS	0.25	0.22	0.24	0.28	0.33
Normalized Diluted EPS	0.24	0.22	0.24	0.28	0.32
Dividend Per Share	0.18	0.18	0.19	0.2	0.22
Payout Ratio	66.32	70.38	90.05	61.61	56.1
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	484M	423M	461M	513M	588M
EBITA	467M	401M	441M	498M	573M
EBIT	453M	386M	424M	481M	558M
EBITDAR	487M	427M	466M	518M	590M
Effective Tax Rate - (Ratio)	17.87	22.85	25.18	24.18	23.76
Total Current Taxes	75M	69M	101M	125M	142M
Total Deferred Taxes	-13M	8M	-30M	-22M	-27M
Normalized Net Income	267M	222M	244M	284M	320M
Interest on Long-Term Debt	22M	30M	41M	41M	57M
Non-Cash Pension Expense	-1M	-1M	-1M	0	1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	298M	329M	379M	375M	406M
Net Rental Expense, Total	3M	4M	5M	5M	2M
Imputed Operating Lease Interest Expense	718K	974K	1.45M	1.42M	643K
Imputed Operating Lease Depreciation	2.28M	3.03M	3.55M	3.58M	1.36M
Stock-Based Comp., Other (Total)	36M	36M	49M	56M	51M
Total Stock-Based Compensation	36M	36M	49M	56M	51M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	553M	489M	696M	508M	390M
Total Cash And Short Term Investments	553M	489M	696M	508M	390M
Accounts Receivable, Total	201M	227M	249M	265M	309M
Other Receivables	47M	55M	54M	40M	29M
Total Receivables	248M	282M	303M	305M	338M
Inventory	-	-	-	-	-
Prepaid Expenses	48M	65M	66M	69M	86M
Other Current Assets, Total	75M	47M	49M	46M	49M
Total Current Assets	924M	883M	1.11B	928M	863M
Gross Property Plant And Equipment	319M	311M	305M	301M	344M
Accumulated Depreciation	-155M	-159M	-201M	-193M	-200M
Net Property Plant And Equipment	164M	152M	104M	108M	144M
Long-term Investments	21M	4M	4M	35M	36M
Goodwill	1.88B	2.42B	2.24B	2.13B	2.21B
Other Intangibles, Total	190M	294M	274M	219M	212M
Deferred Tax Assets Long-Term	40M	19M	56M	81M	101M
Deferred Charges Long-Term	97M	123M	133M	131M	135M
Other Long-Term Assets, Total	16M	5M	6M	6M	9M
Total Assets	3.33B	3.9B	3.94B	3.64B	3.71B
Liabilities
Accounts Payable, Total	39M	32M	35M	38M	52M
Accrued Expenses, Total	259M	292M	283M	317M	343M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	47M	161M	-	-	-
Current Portion of Leases	18M	17M	14M	15M	17M
Current Income Taxes Payable	31M	13M	25M	26M	39M
Unearned Revenue Current, Total	611M	734M	745M	758M	845M
Other Current Liabilities	375M	77M	83M	72M	59M
Total Current Liabilities	1.38B	1.33B	1.18B	1.23B	1.36B
Long-Term Debt	667M	966M	1.17B	1.17B	1.48B
Long-Term Leases	82M	78M	72M	75M	86M
Unearned Revenue Non Current	10M	8M	7M	6M	5M
Pension & Other Post Retirement Benefits	22M	19M	19M	23M	25M
Deferred Tax Liability Non Current	5M	16M	18M	18M	15M
Other Non Current Liabilities	52M	86M	57M	28M	31M
Total Liabilities	2.22B	2.5B	2.53B	2.54B	2.99B
Common Stock, Total	12M	12M	12M	11M	11M
Additional Paid In Capital	548M	548M	548M	548M	548M
Retained Earnings	448M	570M	658M	446M	530M
Treasury Stock	-	-	-	-	-470M
Comprehensive Income and Other	103M	267M	189M	88M	101M
Total Common Equity	1.11B	1.4B	1.41B	1.09B	720M
Total Equity	1.11B	1.4B	1.41B	1.09B	720M
Total Liabilities And Equity	3.33B	3.9B	3.94B	3.64B	3.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.04B	1.02B	1.02B	996M	955M
ECS Total Common Shares Outstanding	1.04B	1.02B	1.02B	996M	955M
Book Value / Share	1.07	1.38	1.38	1.1	0.75
Tangible Book Value	-956M	-1.31B	-1.11B	-1.26B	-1.7B
Tangible Book Value Per Share	-0.92	-1.29	-1.09	-1.26	-1.78
Total Debt	814M	1.22B	1.26B	1.26B	1.58B
Net Debt	261M	733M	561M	751M	1.19B
Debt Equivalent of Unfunded Proj. Benefit Obligation	22M	19M	19M	23M	-
Debt Equivalent Oper. Leases	24M	32M	40M	40M	16M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	11M	14M	13M	-	-
Machinery, Total	187M	165M	151M	143M	163M
Full Time Employees	11.76K	11.57K	11.33K	10.74K	11.09K
Accumulated Allowance for Doubtful Accounts (Supple)	22M	14M	10M	10M	9M

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	285M	260M	211M	323M	369M
Depreciation & Amortization - CF	34M	41M	39M	29M	30M
Amortization of Goodwill and Intangible Assets - (CF)	14M	15M	17M	17M	15M
Depreciation & Amortization, Total	48M	56M	56M	46M	45M
Amortization of Deferred Charges, Total - (CF)	33M	42M	53M	52M	47M
(Gain) Loss From Sale Of Asset	-125M	-53M	-	-2M	-1M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	9M	-	22M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	36M	36M	49M	56M	51M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-19M	22M	-19M	-11M	12M
Change In Accounts Receivable	-35M	-50M	-58M	-48M	-68M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	107M	-70M	22M	20M	-3M
Change in Unearned Revenues	37M	46M	54M	57M	79M
Change In Deferred Taxes	-	-4M	-3M	-2M	-3M
Cash from Operations	376M	285M	387M	491M	528M
Capital Expenditure	-39M	-12M	-5M	-19M	-41M
Sale of Property, Plant, and Equipment	3M	10M	-	9M	1M
Cash Acquisitions	-	-285M	-26M	-30M	-82M
Divestitures	135M	42M	-	-	-
Sale (Purchase) of Intangible assets	-17M	-40M	-17M	-18M	-18M
Investment in Marketable and Equity Securities, Total	-21M	-	-	-2M	-
Other Investing Activities, Total	1M	1M	12M	19M	13M
Cash from Investing	62M	-284M	-36M	-41M	-127M
Long-Term Debt Issued, Total	344M	516M	440M	-	297M
Total Debt Issued	344M	516M	440M	-	297M
Long-Term Debt Repaid, Total	-503M	-185M	-371M	-16M	-19M
Total Debt Repaid	-503M	-185M	-371M	-16M	-19M
Issuance of Common Stock	8M	7M	11M	9M	9M
Repurchase of Common Stock	-353M	-281M	-1M	-403M	-605M
Common Dividends Paid	-189M	-183M	-190M	-199M	-207M
Common & Preferred Stock Dividends Paid	-189M	-183M	-190M	-199M	-207M
Other Financing Activities, Total	-1M	-1M	-3M	-1M	4M
Cash from Financing	-694M	-127M	-114M	-610M	-521M
Foreign Exchange Rate Adjustments	-25M	48M	-30M	-28M	2M
Net Change in Cash	-281M	-78M	207M	-188M	-118M
Supplemental Items
Cash Interest Paid	20M	22M	36M	44M	48M
Cash Income Tax Paid (Refund)	81M	62M	85M	91M	101M
Levered Free Cash Flow	691M	114M	372M	428M	471M
Unlevered Free Cash Flow	705M	132M	399M	454M	505M
Change In Net Working Capital	-364M	190M	1M	-38M	-74M
Net Debt Issued / Repaid	-159M	331M	69M	-16M	278M

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.04	6.68	6.77	7.94	9.49
Return on Total Capital	12.4	10.62	10.03	11.94	15
Return On Equity %	20.63	20.73	15.05	25.84	40.71
Return on Common Equity	20.63	20.73	15.05	25.84	40.71
Margin Analysis
Gross Profit Margin %	92.9	92.91	92.86	92.8	92.72
SG&A Margin	63.33	67.95	68.32	67.8	66.65
EBITDA Margin %	26.22	21.73	21.11	22	23.4
EBITA Margin %	25.3	20.6	20.19	21.36	22.8
EBIT Margin %	24.54	19.83	19.41	20.63	22.2
Income From Continuing Operations Margin %	15.44	13.35	9.66	13.85	14.68
Net Income Margin %	15.44	13.35	9.66	13.85	14.68
Net Avail. For Common Margin %	15.44	13.35	9.66	13.85	14.68
Normalized Net Income Margin	14.46	11.43	11.19	12.19	12.73
Levered Free Cash Flow Margin	37.45	5.85	17.03	18.33	18.75
Unlevered Free Cash Flow Margin	38.2	6.79	18.27	19.45	20.09
Asset Turnover
Asset Turnover	0.52	0.54	0.56	0.62	0.68
Fixed Assets Turnover	10.96	12.32	17.06	22	19.94
Receivables Turnover (Average Receivables)	9.16	9.1	9.18	9.07	8.76
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.67	0.67	0.94	0.76	0.64
Quick Ratio	0.58	0.58	0.84	0.66	0.54
Operating Cash Flow to Current Liabilities	0.27	0.21	0.33	0.4	0.39
Days Sales Outstanding (Average Receivables)	39.84	40.12	39.78	40.34	41.69
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	89.16	93.89	78.38	79.52	89.75
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	73.27	87.47	89.34	115.19	219.31
Total Debt / Total Capital	42.29	46.66	47.18	53.53	68.68
LT Debt/Equity	67.42	74.73	88.34	113.82	216.94
Long-Term Debt / Total Capital	38.91	39.86	46.66	52.89	67.94
Total Liabilities / Total Assets	66.63	64.14	64.25	69.96	80.61
EBIT / Interest Expense	16.78	12.45	9.42	10.69	9.79
EBITDA / Interest Expense	18.56	14.26	10.67	11.71	10.58
(EBITDA - Capex) / Interest Expense	17.11	13.87	10.56	11.29	9.86
Total Debt / EBITDA	1.62	2.76	2.62	2.39	2.62
Net Debt / EBITDA	0.52	1.66	1.17	1.43	1.97
Total Debt / (EBITDA - Capex)	1.76	2.84	2.65	2.48	2.81
Net Debt / (EBITDA - Capex)	0.56	1.7	1.18	1.48	2.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3	5.47	12.17	6.78	7.76
Gross Profit, 1 Yr. Growth %	-3.49	5.48	12.11	6.71	7.67
EBITDA, 1 Yr. Growth %	-12.79	-12.6	24.59	11.28	14.62
EBITA, 1 Yr. Growth %	-12.55	-14.13	26.72	12.93	15.06
EBIT, 1 Yr. Growth %	-12.72	-14.79	27.33	13.44	16.01
Earnings From Cont. Operations, 1 Yr. Growth %	-8.06	-8.77	-18.85	53.08	14.24
Net Income, 1 Yr. Growth %	-8.06	-8.77	-18.85	53.08	14.24
Normalized Net Income, 1 Yr. Growth %	-12.5	-16.63	29.04	16.37	12.53
Diluted EPS Before Extra, 1 Yr. Growth %	-7.35	-3.49	-18.83	54.43	17.78
Accounts Receivable, 1 Yr. Growth %	-0.5	12.94	9.69	6.43	16.6
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-5.2	-7.32	-31.58	3.85	33.33
Total Assets, 1 Yr. Growth %	-10.39	17.03	1	-7.57	2.03
Tangible Book Value, 1 Yr. Growth %	83.14	37.34	-15.37	12.95	35.64
Common Equity, 1 Yr. Growth %	-32.75	25.74	0.72	-22.32	-34.13
Cash From Operations, 1 Yr. Growth %	-7.39	-24.2	35.79	26.87	7.54
Capital Expenditures, 1 Yr. Growth %	62.5	-69.23	-58.33	280	115.79
Levered Free Cash Flow, 1 Yr. Growth %	75.5	-83.53	360.53	14.96	10.2
Unlevered Free Cash Flow, 1 Yr. Growth %	71.82	-81.24	302.52	13.69	11.27
Dividend Per Share, 1 Yr. Growth %	2.49	4.07	4.89	5.96	6.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.35	1.15	8.77	9.44	7.27
Gross Profit, 2 Yr. CAGR %	-2.34	0.9	8.74	9.37	7.19
EBITDA, 2 Yr. CAGR %	0.1	-12.7	-2.4	17.75	12.94
EBITA, 2 Yr. CAGR %	0.65	-13.34	-2.82	19.63	13.99
EBIT, 2 Yr. CAGR %	0.89	-13.76	-3.25	20.18	14.72
Earnings From Cont. Operations, 2 Yr. CAGR %	3.51	-8.42	-13.96	11.46	32.24
Net Income, 2 Yr. CAGR %	3.51	-8.42	-13.96	11.46	32.24
Normalized Net Income, 2 Yr. CAGR %	0.35	-14.59	-4.31	22.54	14.43
Diluted EPS Before Extra, 2 Yr. CAGR %	3.62	-5.44	-11.49	11.96	34.87
Accounts Receivable, 2 Yr. CAGR %	-11.56	6.01	11.3	8.05	11.4
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	18.39	-6.27	-20.37	-15.71	17.67
Total Assets, 2 Yr. CAGR %	-0.37	2.41	8.74	-3.38	-2.87
Tangible Book Value, 2 Yr. CAGR %	7.71	58.6	7.85	-2.23	23.83
Common Equity, 2 Yr. CAGR %	-14.05	-8.04	12.54	-11.55	-28.46
Cash From Operations, 2 Yr. CAGR %	-10.75	-16.22	1.45	31.26	16.8
Capital Expenditures, 2 Yr. CAGR %	20.18	-29.29	-64.19	25.83	186.36
Levered Free Cash Flow, 2 Yr. CAGR %	21.02	-46.23	-26.65	130.09	12.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	20.19	-43.23	-24.78	113.92	12.47
Dividend Per Share, 2 Yr. CAGR %	2.25	3.28	4.48	5.42	6.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0	0.19	4.7	8.1	8.88
Gross Profit, 3 Yr. CAGR %	-0.02	0.2	4.5	8.06	8.8
EBITDA, 3 Yr. CAGR %	-0.41	-4.33	-6	1.96	16.7
EBITA, 3 Yr. CAGR %	-0.21	-4.54	-6.18	2.17	18.08
EBIT, 3 Yr. CAGR %	0	-4.63	-6.52	2.02	18.78
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.14	-0.76	-12.04	4.26	12.38
Net Income, 3 Yr. CAGR %	-1.14	-0.76	-12.04	4.26	12.38
Normalized Net Income, 3 Yr. CAGR %	0.16	-5.66	-7.12	2.14	19.11
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.23	1.19	-10.13	6.55	13.87
Accounts Receivable, 3 Yr. CAGR %	-18.4	-4.05	7.22	9.65	10.83
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	8.33	9.12	-15.6	-13	-1.79
Total Assets, 3 Yr. CAGR %	0.12	5.12	1.94	3	-1.6
Tangible Book Value, 3 Yr. CAGR %	0.53	16.8	28.67	9.52	9.07
Common Equity, 3 Yr. CAGR %	-5.75	-2.43	-5.21	-0.54	-19.82
Cash From Operations, 3 Yr. CAGR %	-1.46	-15.48	-1.58	9.3	22.82
Capital Expenditures, 3 Yr. CAGR %	24.93	-23.69	-40.72	-21.31	50.61
Levered Free Cash Flow, 3 Yr. CAGR %	46.36	-37.75	-1.9	-14.8	80.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	43.4	-35.29	-0.93	-13.67	72.04
Dividend Per Share, 3 Yr. CAGR %	2.33	2.85	3.81	4.97	5.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.11	2.57	3.42	3.79	5.72
Gross Profit, 5 Yr. CAGR %	4.93	2.47	3.4	3.78	5.57
EBITDA, 5 Yr. CAGR %	2.3	-2.25	-1.21	1.21	1.16
EBITA, 5 Yr. CAGR %	2.64	-2.37	-1.27	1.56	1.42
EBIT, 5 Yr. CAGR %	3.47	-2.72	-1.31	1.57	1.46
Earnings From Cont. Operations, 5 Yr. CAGR %	8.68	0.23	-6.48	3.96	3.55
Net Income, 5 Yr. CAGR %	6.5	-2.82	-6.48	3.96	3.55
Normalized Net Income, 5 Yr. CAGR %	3.82	-3.48	-1.65	1.42	0.96
Diluted EPS Before Extra, 5 Yr. CAGR %	8.52	1.14	-5.47	5.37	5.71
Accounts Receivable, 5 Yr. CAGR %	-10.08	-10.44	-7.62	0.62	8.87
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	5.92	2.71	-4.22	-1.59	-3.6
Total Assets, 5 Yr. CAGR %	4.62	4	3.48	1.64	-0.01
Tangible Book Value, 5 Yr. CAGR %	5.98	3.45	3.4	8.8	26.71
Common Equity, 5 Yr. CAGR %	1.08	3.65	1.18	-6.18	-15.3
Cash From Operations, 5 Yr. CAGR %	5.7	-1.15	-0.31	0.79	5.4
Capital Expenditures, 5 Yr. CAGR %	11.14	-16.74	-24.21	-6.79	11.3
Levered Free Cash Flow, 5 Yr. CAGR %	18.15	-15.09	11.02	-1.96	3.65
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.59	-13.55	10.78	-1.46	4.23
Dividend Per Share, 5 Yr. CAGR %	4.56	3.6	3.18	3.87	4.84