Income Statement Sage Group plc

Equities

SGE

GB00B8C3BL03

Software

Market Closed - London S.E. Other stock markets 16:35:16 13/09/2024 BST			5-day change	1st Jan Change
1,031.00 ^GBX	-0.67%		+3.68%	-12.07%

09-12	BNP Paribas Exane Upgrades Sage Group to Outperform, Lifts PT	MT
09-12	ECB to cut rates without lowering its guard

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Published financial data: SAGE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	1.94B	1.9B	1.85B	1.95B	2.18B
Total Revenues	1.94B	1.9B	1.85B	1.95B	2.18B
Cost of Goods Sold, Total	138M	126M	131M	138M	156M
Gross Profit	1.8B	1.78B	1.72B	1.81B	2.03B
Selling General & Admin Expenses, Total	1.26B	1.11B	1.17B	1.32B	1.49B
Provision for Bad Debts	17M	26M	6M	3M	4M
Depreciation & Amortization - (IS)	34M	79M	43M	41M	39M
Amortization of Goodwill and Intangible Assets - (IS)	44M	45M	44M	56M	69M
Other Operating Expenses, Total	1.35B	1.26B	1.26B	1.42B	1.6B
Operating Income	445M	519M	453M	386M	424M
Interest Expense, Total	-29M	-28M	-27M	-31M	-45M
Interest And Investment Income	6M	3M	1M	1M	12M
Net Interest Expenses	-23M	-25M	-26M	-30M	-33M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	2M	-6M	-	-	-
EBT, Excl. Unusual Items	424M	488M	427M	356M	391M
Restructuring Charges	-	-22M	-62M	20M	3M
Merger & Related Restructuring Charges	-35M	-20M	-9M	-39M	-49M
Impairment of Goodwill	-	-19M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-14M	-	-	-22M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-28M	-40M	-9M	-	-41M
EBT, Incl. Unusual Items	361M	373M	347M	337M	282M
Income Tax Expense	95M	63M	62M	77M	71M
Earnings From Continuing Operations	266M	310M	285M	260M	211M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	266M	310M	285M	260M	211M
Minority Interest	-	-	-	-	-
Net Income - (IS)	266M	310M	285M	260M	211M
Net Income to Common Incl Extra Items	266M	310M	285M	260M	211M
Net Income to Common Excl. Extra Items	266M	310M	285M	260M	211M
Per Share Items
Net EPS - Basic	0.24	0.28	0.26	0.25	0.21
Basic EPS - Continuing Operations	0.24	0.28	0.26	0.25	0.21
Basic Weighted Average Shares Outstanding	1.09B	1.09B	1.08B	1.02B	1.02B
Net EPS - Diluted	0.24	0.28	0.26	0.25	0.2
Diluted EPS - Continuing Operations	0.24	0.28	0.26	0.25	0.2
Diluted Weighted Average Shares Outstanding	1.1B	1.1B	1.09B	1.03B	1.04B
Normalized Basic EPS	0.24	0.28	0.25	0.22	0.24
Normalized Diluted EPS	0.24	0.28	0.24	0.22	0.24
Dividend Per Share	0.17	0.17	0.18	0.18	0.19
Payout Ratio	68.05	60	66.32	70.38	90.05
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	483M	555M	484M	423M	461M
EBITA	461M	534M	467M	401M	441M
EBIT	445M	519M	453M	386M	424M
EBITDAR	513M	560M	487M	427M	466M
Effective Tax Rate - (Ratio)	26.32	16.89	17.87	22.85	25.18
Total Current Taxes	94M	82M	75M	69M	101M
Total Deferred Taxes	1M	-19M	-13M	8M	-30M
Normalized Net Income	265M	305M	267M	222M	244M
Interest on Long-Term Debt	18M	21M	22M	30M	41M
Non-Cash Pension Expense	0	-1M	-1M	-1M	-1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	235M	270M	298M	329M	379M
Net Rental Expense, Total	30M	5M	3M	4M	5M
Imputed Operating Lease Interest Expense	8.26M	1.28M	718K	974K	1.45M
Imputed Operating Lease Depreciation	21.74M	3.72M	2.28M	3.03M	3.55M
Stock-Based Comp., Other (Total)	32M	29M	36M	36M	49M
Total Stock-Based Compensation	32M	29M	36M	36M	49M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	371M	831M	553M	489M	696M
Total Cash And Short Term Investments	371M	831M	553M	489M	696M
Accounts Receivable, Total	257M	202M	201M	227M	249M
Other Receivables	18M	23M	47M	55M	54M
Total Receivables	275M	225M	248M	282M	303M
Inventory	-	-	-	-	-
Prepaid Expenses	55M	48M	48M	65M	66M
Other Current Assets, Total	100M	142M	75M	47M	49M
Total Current Assets	801M	1.25B	924M	883M	1.11B
Gross Property Plant And Equipment	288M	375M	319M	311M	305M
Accumulated Depreciation	-171M	-202M	-155M	-159M	-201M
Net Property Plant And Equipment	117M	173M	164M	152M	104M
Long-term Investments	4M	1M	21M	4M	4M
Goodwill	2.1B	1.96B	1.88B	2.42B	2.24B
Other Intangibles, Total	228M	212M	190M	294M	274M
Deferred Tax Assets Long-Term	31M	35M	40M	19M	56M
Deferred Charges Long-Term	65M	79M	97M	123M	133M
Other Long-Term Assets, Total	8M	7M	16M	5M	6M
Total Assets	3.35B	3.72B	3.33B	3.9B	3.94B
Liabilities
Accounts Payable, Total	16M	25M	39M	32M	35M
Accrued Expenses, Total	237M	238M	259M	292M	283M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	122M	-	47M	161M	-
Current Portion of Leases	-	20M	18M	17M	14M
Current Income Taxes Payable	32M	13M	31M	13M	25M
Unearned Revenue Current, Total	637M	593M	611M	734M	745M
Other Current Liabilities	82M	126M	375M	77M	83M
Total Current Liabilities	1.13B	1.02B	1.38B	1.33B	1.18B
Long-Term Debt	643M	877M	667M	966M	1.17B
Long-Term Leases	-	93M	82M	78M	72M
Unearned Revenue Non Current	8M	7M	10M	8M	7M
Pension & Other Post Retirement Benefits	25M	23M	22M	19M	19M
Deferred Tax Liability Non Current	24M	14M	5M	16M	18M
Other Non Current Liabilities	22M	34M	52M	86M	57M
Total Liabilities	1.85B	2.06B	2.22B	2.5B	2.53B
Common Stock, Total	12M	12M	12M	12M	12M
Additional Paid In Capital	548M	548M	548M	548M	548M
Retained Earnings	760M	908M	448M	570M	658M
Comprehensive Income and Other	184M	184M	103M	267M	189M
Total Common Equity	1.5B	1.65B	1.11B	1.4B	1.41B
Total Equity	1.5B	1.65B	1.11B	1.4B	1.41B
Total Liabilities And Equity	3.35B	3.72B	3.33B	3.9B	3.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.09B	1.09B	1.04B	1.02B	1.02B
ECS Total Common Shares Outstanding	1.09B	1.09B	1.04B	1.02B	1.02B
Book Value / Share	1.38	1.51	1.07	1.38	1.38
Tangible Book Value	-822M	-522M	-956M	-1.31B	-1.11B
Tangible Book Value Per Share	-0.75	-0.48	-0.92	-1.29	-1.09
Total Debt	765M	990M	814M	1.22B	1.26B
Net Debt	394M	159M	261M	733M	561M
Debt Equivalent of Unfunded Proj. Benefit Obligation	25M	23M	22M	19M	19M
Debt Equivalent Oper. Leases	240M	40M	24M	32M	40M
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)	92M	87M	11M	14M	13M
Machinery, Total	196M	167M	187M	165M	151M
Full Time Employees	12.64K	11.65K	11.76K	11.57K	11.33K
Accumulated Allowance for Doubtful Accounts (Supple)	23M	37M	22M	14M	10M

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	266M	310M	285M	260M	211M
Depreciation & Amortization - CF	22M	46M	34M	41M	39M
Amortization of Goodwill and Intangible Assets - (CF)	16M	15M	14M	15M	17M
Depreciation & Amortization, Total	38M	61M	48M	56M	56M
Amortization of Deferred Charges, Total - (CF)	30M	31M	33M	42M	53M
(Gain) Loss From Sale Of Asset	-14M	-141M	-125M	-53M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	20M	66M	9M	-	22M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	32M	29M	36M	36M	49M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-2M	-30M	-19M	22M	-19M
Change In Accounts Receivable	18M	26M	-35M	-50M	-58M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	46M	44M	107M	-70M	22M
Change in Unearned Revenues	38M	10M	37M	46M	54M
Change In Deferred Taxes	-	-	-	-4M	-3M
Cash from Operations	472M	406M	376M	285M	387M
Capital Expenditure	-27M	-24M	-39M	-12M	-5M
Sale of Property, Plant, and Equipment	-	-	3M	10M	-
Cash Acquisitions	-41M	-	-	-285M	-26M
Divestitures	70M	216M	135M	42M	-
Sale (Purchase) of Intangible assets	-15M	-16M	-17M	-40M	-17M
Investment in Marketable and Equity Securities, Total	17M	-	-21M	-	-
Other Investing Activities, Total	3M	3M	1M	1M	12M
Cash from Investing	7M	179M	62M	-284M	-36M
Long-Term Debt Issued, Total	414M	302M	344M	516M	440M
Total Debt Issued	414M	302M	344M	516M	440M
Long-Term Debt Repaid, Total	-594M	-205M	-503M	-185M	-371M
Total Debt Repaid	-594M	-205M	-503M	-185M	-371M
Issuance of Common Stock	3M	9M	8M	7M	11M
Repurchase of Common Stock	-	-7M	-353M	-281M	-1M
Common Dividends Paid	-181M	-186M	-189M	-183M	-190M
Common & Preferred Stock Dividends Paid	-181M	-186M	-189M	-183M	-190M
Other Financing Activities, Total	-79M	-1M	-1M	-1M	-3M
Cash from Financing	-437M	-88M	-694M	-127M	-114M
Foreign Exchange Rate Adjustments	8M	-21M	-25M	48M	-30M
Net Change in Cash	50M	476M	-281M	-78M	207M
Supplemental Items
Cash Interest Paid	27M	29M	20M	22M	36M
Cash Income Tax Paid (Refund)	88M	93M	81M	62M	85M
Levered Free Cash Flow	472M	394M	691M	114M	372M
Unlevered Free Cash Flow	488M	410M	705M	132M	399M
Change In Net Working Capital	-154M	-6M	-364M	190M	1M
Net Debt Issued / Repaid	-180M	97M	-159M	331M	69M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.34	9.18	8.04	6.68	6.77
Return on Total Capital	12.31	13.21	12.4	10.62	10.03
Return On Equity %	18.79	19.65	20.63	20.73	15.05
Return on Common Equity	18.79	19.65	20.63	20.73	15.05
Margin Analysis
Gross Profit Margin %	92.87	93.38	92.9	92.91	92.86
SG&A Margin	64.98	58.22	63.33	67.95	68.32
EBITDA Margin %	24.95	29.16	26.22	21.73	21.11
EBITA Margin %	23.81	28.06	25.3	20.6	20.19
EBIT Margin %	22.99	27.27	24.54	19.83	19.41
Income From Continuing Operations Margin %	13.74	16.29	15.44	13.35	9.66
Net Income Margin %	13.74	16.29	15.44	13.35	9.66
Net Avail. For Common Margin %	13.74	16.29	15.44	13.35	9.66
Normalized Net Income Margin	13.69	16.03	14.46	11.43	11.19
Levered Free Cash Flow Margin	24.38	20.7	37.45	5.85	17.03
Unlevered Free Cash Flow Margin	25.21	21.56	38.2	6.79	18.27
Asset Turnover
Asset Turnover	0.58	0.54	0.52	0.54	0.56
Fixed Assets Turnover	15.74	13.12	10.96	12.32	17.06
Receivables Turnover (Average Receivables)	6.18	8.29	9.16	9.1	9.18
Inventory Turnover (Average Inventory)