Cash flow Trainline plc

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Market Closed - London S.E. Other stock markets 16:35:28 07/07/2025 BST			5-day change	1st Jan Change
278.20 ^GBX	-0.43%		-0.14%	-35.60%

06-24	Rail Delivery Group Signs the Contract with Trainline plc	CI
06-24	Trainline inks Rail Delivery Group contract for digital payment trials	AN

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Published financial data: TRAINLINE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	67.08M	189M	327M	397M	442M
Total Revenues	67.08M	189M	327M	397M	442M
Cost of Goods Sold, Total	18.41M	35.72M	74.92M	91.43M	89.78M
Gross Profit	48.68M	153M	252M	305M	352M
Selling General & Admin Expenses, Total	148M	163M	225M	241M	258M
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses, Total	148M	163M	225M	241M	258M
Operating Income	-99.7M	-10.31M	27.64M	64.34M	94.52M
Interest Expense, Total	-7.64M	-8.25M	-10.27M	-8.37M	-8.11M
Interest And Investment Income	22K	36K	730K	2.74M	4M
Net Interest Expenses	-7.61M	-8.22M	-9.54M	-5.62M	-4.11M
Currency Exchange Gains (Loss)	556K	-927K	4K	-1.84M	-584K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-107M	-19.46M	18.1M	56.88M	89.83M
Restructuring Charges	-	-	-	-2.26M	-8.94M
Merger & Related Restructuring Charges	-	-	-	-6.5M	-
Other Unusual Items	-	3.91M	3.99M	-	-
EBT, Incl. Unusual Items	-107M	-15.54M	22.09M	48.12M	80.88M
Income Tax Expense	-15.46M	-3.64M	873K	14.13M	22.54M
Earnings From Continuing Operations	-91.3M	-11.9M	21.22M	33.99M	58.35M
Net Income to Company	-91.3M	-11.9M	21.22M	33.99M	58.35M
Net Income - (IS)	-91.3M	-11.9M	21.22M	33.99M	58.35M
Net Income to Common Incl Extra Items	-91.3M	-11.9M	21.22M	33.99M	58.35M
Net Income to Common Excl. Extra Items	-91.3M	-11.9M	21.22M	33.99M	58.35M
Per Share Items
Net EPS - Basic	-0.19	-0.02	0.05	0.07	0.13
Basic EPS - Continuing Operations	-0.19	-0.02	0.05	0.07	0.13
Basic Weighted Average Shares Outstanding	478M	478M	469M	467M	446M
Net EPS - Diluted	-0.19	-0.02	0.04	0.07	0.13
Diluted EPS - Continuing Operations	-0.19	-0.02	0.04	0.07	0.13
Diluted Weighted Average Shares Outstanding	478M	478M	473M	479M	461M
Normalized Basic EPS	-0.14	-0.03	0.02	0.08	0.13
Normalized Diluted EPS	-0.14	-0.03	0.02	0.07	0.12
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-89.8M	-1.1M	35.06M	72.59M	103M
EBITA	-91.54M	-3.23M	32.92M	70.33M	100M
EBIT	-99.7M	-10.31M	27.64M	64.34M	94.52M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	14.48	23.4	3.95	29.36	27.86
Current Domestic Taxes	-	3.76M	14.51M	8.11M	11.74M
Total Current Taxes	-5.81M	3.76M	14.51M	8.11M	11.74M
Total Deferred Taxes	-9.64M	-7.4M	-13.64M	6.02M	10.8M
Normalized Net Income	-66.73M	-12.16M	11.31M	35.55M	56.14M
Interest on Long-Term Debt	7.63M	8.25M	10.27M	8.37M	8.11M
Non-Cash Pension Expense	0	-1K	16K	17K	13K
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	67.43M	70.9M
Selling and Marketing Expenses	-	-	-	67.43M	70.9M
General and Administrative Expenses	148M	163M	225M	174M	187M
Research And Development Expense From Footnotes	28.15M	29.6M	29.84M	29.33M	30.27M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	7.09M	6.78M	17.29M	22.63M	21.44M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	7.09M	6.78M	17.29M	22.63M	21.44M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	36.58M	68.5M	57.34M	91.08M	76.76M
Total Cash And Short Term Investments	36.58M	68.5M	57.34M	91.08M	76.76M
Accounts Receivable, Total	9.04M	40.37M	48.19M	50.27M	58.7M
Other Receivables	8.11M	4.51M	5.28M	3M	3.86M
Total Receivables	17.16M	44.88M	53.47M	53.27M	62.56M
Inventory	-	-	-	-	-
Prepaid Expenses	7.36M	5.03M	6.69M	5.9M	5.6M
Total Current Assets	61.09M	118M	117M	150M	145M
Gross Property Plant And Equipment	40.98M	41.82M	42.44M	44.9M	45.18M
Accumulated Depreciation	-15.11M	-16.95M	-21.25M	-26.95M	-34.11M
Net Property Plant And Equipment	25.87M	24.88M	21.19M	17.95M	11.07M
Long-term Investments	-	-	-	-	-
Goodwill	419M	417M	421M	419M	416M
Other Intangibles, Total	81.38M	69.79M	66.83M	70.35M	74.66M
Deferred Tax Assets Long-Term	5.08M	12.56M	26.95M	24.85M	13.43M
Total Assets	593M	643M	653M	682M	660M
Liabilities
Accounts Payable, Total	22.52M	191M	159M	159M	169M
Accrued Expenses, Total	15.47M	34.04M	36.24M	47.37M	46.01M
Current Portion of Long-Term Debt	831K	1.42M	368K	841K	83.03M
Current Portion of Leases	3.34M	3.49M	4.52M	4.99M	4.34M
Current Income Taxes Payable	-	-	7.64M	3.2M	-
Unearned Revenue Current, Total	-	225K	536K	703K	398K
Other Current Liabilities	-	2.8M	4.5M	5.44M	3.04M
Total Current Liabilities	42.16M	233M	213M	222M	305M
Long-Term Debt	248M	134M	138M	140M	68.1M
Long-Term Leases	18.36M	15.5M	10.52M	7.34M	3.11M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	850K	873K	778K	837K	952K
Total Liabilities	309M	384M	363M	370M	378M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	4.81M	4.81M	4.81M	4.71M	4.46M
Additional Paid In Capital	1.2B	1.2B	1.2B	-	-
Retained Earnings	202M	191M	213M	1.42B	1.39B
Treasury Stock	-7.75M	-21.73M	-26.73M	-29.76M	-38.09M
Comprehensive Income and Other	-1.11B	-1.11B	-1.1B	-1.08B	-1.07B
Total Common Equity	284M	259M	291M	312M	283M
Total Equity	284M	259M	291M	312M	283M
Total Liabilities And Equity	593M	643M	653M	682M	660M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	479M	473M	470M	460M	432M
ECS Total Common Shares Outstanding	479M	473M	470M	460M	432M
Book Value / Share	0.59	0.55	0.62	0.68	0.65
Tangible Book Value	-217M	-228M	-197M	-177M	-208M
Tangible Book Value Per Share	-0.45	-0.48	-0.42	-0.38	-0.48
Total Debt	271M	155M	154M	153M	159M
Net Debt	234M	86.41M	96.57M	62.03M	81.82M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-114K	-438K	-1.25M	-990K	-774K
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	9.67M	7.38M	7.73M	9.23M	9.71M
Full Time Employees	600	750	950	1K	990
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	300K	400K

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	-91.3M	-11.9M	21.22M	33.99M	58.35M
Depreciation & Amortization - CF	4.89M	5.9M	6.05M	6.34M	7.29M
Amortization of Goodwill and Intangible Assets - (CF)	8.16M	7.08M	5.28M	5.99M	5.6M
Depreciation & Amortization, Total	13.05M	12.98M	11.33M	12.33M	12.89M
Amortization of Deferred Charges, Total - (CF)	28.15M	29.6M	29.84M	29.33M	30.27M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	25.2M	-	-	-	765K
Stock-Based Compensation (CF)	7.09M	6.78M	17.29M	22.63M	21.44M
Other Operating Activities, Total	-8.24M	6.03M	2.29M	13.54M	21.94M
Change In Accounts Receivable	33.02M	-33.56M	-13.99M	970K	-10.92M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-128M	190M	-29.1M	8.94M	3.45M
Cash from Operations	-121M	200M	38.88M	122M	138M
Capital Expenditure	-26.34M	-4.56M	-2.41M	-2.85M	-1.44M
Cash Acquisitions	-	-	-	-866K	-358K
Sale (Purchase) of Intangible assets	-	-24.79M	-32.81M	-37.03M	-40.87M
Cash from Investing	-26.34M	-29.34M	-35.22M	-40.75M	-42.67M
Long-Term Debt Issued, Total	245M	97M	105M	90M	180M
Total Debt Issued	245M	97M	105M	90M	180M
Long-Term Debt Repaid, Total	-140M	-212M	-103M	-94.01M	-175M
Total Debt Repaid	-140M	-212M	-103M	-94.01M	-175M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-4.12M	-16.6M	-7.95M	-35.36M	-106M
Other Financing Activities, Total	-8.17M	-5.69M	-9.38M	-6.2M	-7.68M
Cash from Financing	92.85M	-138M	-15.01M	-45.57M	-109M
Foreign Exchange Rate Adjustments	-966K	-834K	192K	-1.66M	-781K
Net Change in Cash	-55.54M	31.92M	-11.16M	33.75M	-14.33M
Supplemental Items
Cash Interest Paid	5.48M	5.58M	6.85M	6.14M	6.86M
Cash Income Tax Paid (Refund)	-159K	-4.44M	4.14M	10.68M	12.99M
Levered Free Cash Flow	-146M	173M	3.97M	68.5M	69.33M
Unlevered Free Cash Flow	-141M	178M	10.38M	73.73M	74.39M
Change In Net Working Capital	101M	-164M	30.13M	-9.11M	6.98M
Net Debt Issued / Repaid	105M	-115M	2.31M	-4.01M	5.09M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	-9.63	-1.04	2.67	6.02	8.8
Return on Total Capital	-11.5	-1.33	4.02	8.84	13.03
Return On Equity %	-27.82	-4.38	7.71	11.28	19.62
Return on Common Equity	-27.82	-4.38	7.71	11.28	19.62
Margin Analysis
Gross Profit Margin %	72.56	81.05	77.1	76.95	79.69
SG&A Margin	221.19	86.52	68.65	60.73	58.31
EBITDA Margin %	-133.85	-0.58	10.72	18.3	23.33
EBITA Margin %	-136.46	-1.72	10.06	17.73	22.65
EBIT Margin %	-148.63	-5.47	8.45	16.22	21.38
Income From Continuing Operations Margin %	-136.1	-6.32	6.49	8.57	13.2
Net Income Margin %	-136.1	-6.32	6.49	8.57	13.2
Net Avail. For Common Margin %	-136.1	-6.32	6.49	8.57	13.2
Normalized Net Income Margin	-99.47	-6.45	3.46	8.96	12.7
Levered Free Cash Flow Margin	-217.4	91.64	1.21	17.27	15.68
Unlevered Free Cash Flow Margin	-210.28	94.38	3.17	18.59	16.83
Asset Turnover
Asset Turnover	0.1	0.31	0.5	0.59	0.66
Fixed Assets Turnover	2.91	7.43	14.2	20.27	30.47
Receivables Turnover (Average Receivables)	2.57	7.34	7.26	8.06	8.11
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.45	0.51	0.55	0.68	0.47
Quick Ratio	1.27	0.49	0.52	0.65	0.46
Operating Cash Flow to Current Liabilities	-2.87	0.86	0.18	0.55	0.45
Days Sales Outstanding (Average Receivables)	142	49.7	50.3	45.42	44.98
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	1.09K	851.53	636.81	666.28
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	95.43	59.7	52.95	49.07	56.09
Total Debt / Total Capital	48.83	37.38	34.62	32.92	35.93
LT Debt/Equity	93.96	57.8	51.27	47.2	25.18
Long-Term Debt / Total Capital	48.08	36.2	33.52	31.66	16.13
Total Liabilities / Total Assets	52.18	59.64	55.5	54.25	57.18
EBIT / Interest Expense	-13.06	-1.25	2.69	7.69	11.66
EBITDA / Interest Expense	-11.35	0.32	3.79	9.16	13.25
(EBITDA - Capex) / Interest Expense	-14.8	-0.23	3.56	8.82	13.07
Total Debt / EBITDA	-3.12	58.06	3.95	2	1.48
Net Debt / EBITDA	-2.7	32.39	2.48	0.81	0.76
Total Debt / (EBITDA - Capex)	-2.39	-82.01	4.21	2.07	1.5
Net Debt / (EBITDA - Capex)	-2.07	-45.75	2.64	0.84	0.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-74.27	181.01	73.54	21.27	11.44
Gross Profit, 1 Yr. Growth %	-75.8	213.9	75.29	21.04	15.4
EBITDA, 1 Yr. Growth %	-434.83	-98.78	-3.3K	107.03	56.05
EBITA, 1 Yr. Growth %	-463.27	-96.47	-1.12K	113.66	56.87
EBIT, 1 Yr. Growth %	-4.51K	-89.66	-368	132.79	63.42
Earnings From Cont. Operations, 1 Yr. Growth %	12.81	-86.96	-278.22	60.18	71.68
Net Income, 1 Yr. Growth %	12.81	-86.96	-278.22	60.18	71.68
Normalized Net Income, 1 Yr. Growth %	990.86	-81.78	-193.05	214.19	78.31
Diluted EPS Before Extra, 1 Yr. Growth %	8.08	-86.95	-279.72	58.26	78.56
Accounts Receivable, 1 Yr. Growth %	-79.04	267.97	14.79	4.32	16.75
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	28.18	-3.84	-14.82	-15.3	-38.31
Total Assets, 1 Yr. Growth %	-15.46	8.45	1.58	4.4	-3.18
Tangible Book Value, 1 Yr. Growth %	32.48	4.75	-13.51	-10.17	17.66
Common Equity, 1 Yr. Growth %	-23.97	-8.47	12	7.35	-9.38
Cash From Operations, 1 Yr. Growth %	-301.26	-264.83	-80.52	207.35	13.53
Capital Expenditures, 1 Yr. Growth %	-7.13	267.8	-47.16	18.48	-49.49
Levered Free Cash Flow, 1 Yr. Growth %	-293.65	-218.45	-97.7	1.63K	7.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-270.11	-226.12	-94.16	610.04	6.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-43.41	-14.97	120.83	45.07	16.25
Gross Profit, 2 Yr. CAGR %	-44.04	-12.84	127.63	45.66	18.19
EBITDA, 2 Yr. CAGR %	58.29	-79.78	-37.51	713.44	71.5
EBITA, 2 Yr. CAGR %	63.61	-64.18	-40.04	366.41	74.41
EBIT, 2 Yr. CAGR %	196.74	113.57	-47.35	149.78	84.93
Earnings From Cont. Operations, 2 Yr. CAGR %	158.44	-61.65	-51.79	68.96	65.83
Net Income, 2 Yr. CAGR %	158.44	-61.65	-51.79	68.96	65.83
Normalized Net Income, 2 Yr. CAGR %	179.54	40.99	-58.82	70.98	122.76
Diluted EPS Before Extra, 2 Yr. CAGR %	141.19	-62.44	-51.57	68.65	68.11
Accounts Receivable, 2 Yr. CAGR %	-45.14	-3.28	109.59	9.43	10.36
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	117.64	11.02	-9.5	-15.06	-27.71
Total Assets, 2 Yr. CAGR %	-8.34	-4.25	4.96	2.98	0.54
Tangible Book Value, 2 Yr. CAGR %	-17.78	17.8	-4.82	-11.86	2.8
Common Equity, 2 Yr. CAGR %	9.48	-16.58	1.25	9.65	-1.37
Cash From Operations, 2 Yr. CAGR %	29.53	82.14	-43.34	-21.91	86.8
Capital Expenditures, 2 Yr. CAGR %	-10.07	-59.91	39.41	-20.88	-22.64
Levered Free Cash Flow, 2 Yr. CAGR %	144.8	51.46	-83.51	-37.03	318.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	89.05	46.47	-72.87	-35.62	167.66
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-27.77	-3.46	7.85	80.84	32.86
Gross Profit, 3 Yr. CAGR %	-27.9	-0.57	7.83	84.42	34.78
EBITDA, 3 Yr. CAGR %	69.43	-68.72	9.34	-6.85	354.69
EBITA, 3 Yr. CAGR %	75.28	-54.45	9.31	-8.41	214.04
EBIT, 3 Yr. CAGR %	156.95	-3.07	130.36	-13.58	109.28
Earnings From Cont. Operations, 3 Yr. CAGR %	55.67	-4.5	-36	-28.07	69.86
Net Income, 3 Yr. CAGR %	55.67	-4.5	-36	-28.07	69.86
Normalized Net Income, 3 Yr. CAGR %	57.7	12.51	22.75	-18.93	66.52
Diluted EPS Before Extra, 3 Yr. CAGR %	-84.28	-8.77	-36.71	-28.13	71.89
Accounts Receivable, 3 Yr. CAGR %	-17.2	10.34	3.75	66.1	11.82
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	62.37	65.76	1.63	-11.47	-23.65
Total Assets, 3 Yr. CAGR %	-4.36	-3.05	-2.34	4.78	0.89
Tangible Book Value, 3 Yr. CAGR %	-29.66	-10.87	6.27	-6.64	-2.95
Common Equity, 3 Yr. CAGR %	66.42	3.14	-7.97	3.25	2.9
Cash From Operations, 3 Yr. CAGR %	48.26	40.37	-13.55	0.17	-11.53
Capital Expenditures, 3 Yr. CAGR %	-2.59	-48.08	-56.05	32.05	-31.87
Levered Free Cash Flow, 3 Yr. CAGR %	223.05	92.18	-62.52	-22.27	-26.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	101.31	65.19	-49.97	-19.45	-25.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	4.29	12.95	13.62	11.14
Gross Profit, 5 Yr. CAGR %	-	6.48	14.2	14.45	11.86
EBITDA, 5 Yr. CAGR %	-	-44.2	13.69	15.16	30.91
EBITA, 5 Yr. CAGR %	-	-29.4	14.13	15.51	31.78
EBIT, 5 Yr. CAGR %	-	17.85	36.29	41.55	110.98
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-17.01	-2.6	19.98	-6.34
Net Income, 5 Yr. CAGR %	-	-17.01	-2.6	19.98	-6.34
Normalized Net Income, 5 Yr. CAGR %	-	-4.44	-7.84	33.01	55.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-78.35	-75.35	16.64	-6.45
Accounts Receivable, 5 Yr. CAGR %	-	7.38	24.78	10.84	6.34
Net Property, Plant and Equip., 5 Yr. CAGR %	-	36.87	28.52	26.86	-11.31
Total Assets, 5 Yr. CAGR %	-	-1.29	-0.74	-0.68	-1.2
Tangible Book Value, 5 Yr. CAGR %	-	-17.78	-20.61	-11.27	4.87
Common Equity, 5 Yr. CAGR %	-	47.27	36.42	5.7	-5.38
Cash From Operations, 5 Yr. CAGR %	-	38.88	0.91	11.02	18.09
Capital Expenditures, 5 Yr. CAGR %	-	-23.4	-38.99	-38.55	-44.89
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-1.72	22.99	-1.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-9.69	13.31	-2.15