Cash flow Ubisoft Entertainment

Stocks

UBI

FR0000054470

Software

Market Closed - Euronext Paris Other stock markets 16:55:00 10/07/2026 BST			Pre-market 07:46:44
5.890 ^EUR	+0.31%		5.940	+0.85%

06:44am	Successful Launch for the Latest Assassin's Creed Installment (Ubisoft)
07-09	Ubisoft Announces Availability of Assassin?s Creed Black Flag Resynced Worldwide	CI

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Published financial data: UBISOFT ENTERTAINMENT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	2.22B	2.13B	1.81B	2.3B	1.9B
Total Revenues	2.22B	2.13B	1.81B	2.3B	1.9B
Cost of Goods Sold, Total	326M	270M	217M	204M	203M
Gross Profit	1.9B	1.86B	1.6B	2.1B	1.7B
Selling General & Admin Expenses, Total	671M	683M	645M	704M	656M
R&D Expenses	827M	822M	1.44B	1.07B	1.07B
Other Operating Expenses, Total	1.5B	1.51B	2.09B	1.78B	1.73B
Operating Income	400M	350M	-487M	321M	-30.1M
Interest Expense, Total	-18.4M	-24.5M	-36M	-74.8M	-106M
Interest And Investment Income	1.1M	1.5M	12.5M	24.9M	46.3M
Net Interest Expenses	-17.3M	-23M	-23.5M	-49.9M	-60M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-8.2M	-1.2M	4.4M	-6.2M	-700K
Other Non Operating Income (Expenses)	-26.1M	1M	-5M	-2.8M	-3.3M
EBT, Excl. Unusual Items	348M	327M	-512M	262M	-94.1M
Restructuring Charges	-	-	-21M	-7.5M	-35.9M
Impairment of Goodwill	-110M	-90.1M	-59.5M	-	-16.7M
Asset Writedown	-	-8.5M	600K	-200K	-
Other Unusual Items	-	-35.3M	-12.5M	-	-
EBT, Incl. Unusual Items	238M	193M	-604M	255M	-147M
Income Tax Expense	133M	114M	-109M	96.8M	12.1M
Earnings From Continuing Operations	105M	79.5M	-495M	158M	-159M
Net Income to Company	105M	79.5M	-495M	158M	-159M
Minority Interest	-2.1M	-400K	600K	-100K	-200K
Net Income - (IS)	103M	79.1M	-494M	158M	-159M
Net Income to Common Incl Extra Items	103M	79.1M	-494M	158M	-159M
Net Income to Common Excl. Extra Items	103M	79.1M	-494M	158M	-159M
Per Share Items
Net EPS - Basic	0.87	0.66	-4.08	1.27	-1.25
Basic EPS - Continuing Operations	0.87	0.66	-4.08	1.27	-1.25
Basic Weighted Average Shares Outstanding	119M	120M	121M	124M	127M
Net EPS - Diluted	0.85	0.65	-4.08	1.24	-1.25
Diluted EPS - Continuing Operations	0.85	0.65	-4.08	1.24	-1.25
Diluted Weighted Average Shares Outstanding	126M	127M	121M	147M	127M
Normalized Basic EPS	1.81	1.71	-2.63	1.32	-0.46
Normalized Diluted EPS	1.71	1.6	-2.63	1.11	-0.46
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	455M	420M	-417M	373M	15.8M
EBITA	400M	361M	-477M	324M	-30M
EBIT	400M	350M	-487M	321M	-30.1M
Effective Tax Rate - (Ratio)	55.76	58.83	18.07	38.01	-8.25
Total Current Taxes	83.4M	90.9M	79.1M	111M	95.9M
Total Deferred Taxes	49.3M	22.7M	-188M	-13.9M	-83.7M
Normalized Net Income	216M	204M	-319M	164M	-59.01M
Non-Cash Pension Expense	3.3M	2.6M	-	2M	36M
Supplemental Operating Expense Items
Marketing Expenses	443M	413M	343M	413M	388M
Selling and Marketing Expenses	443M	413M	343M	413M	388M
General and Administrative Expenses	228M	270M	302M	291M	268M
Research And Development Expense From Footnotes	827M	822M	1.44B	1.07B	1.07B
Stock-Based Comp., Other (Total)	56.8M	54.1M	62M	59.6M	54.5M
Total Stock-Based Compensation	56.8M	54.1M	62M	59.6M	54.5M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.63B	1.45B	1.49B	1.21B	990M
Short Term Investments	240M	-	-	-	-
Total Cash And Short Term Investments	1.87B	1.45B	1.49B	1.21B	990M
Accounts Receivable, Total	343M	471M	268M	746M	410M
Other Receivables	263M	210M	227M	284M	223M
Total Receivables	605M	682M	495M	1.03B	632M
Inventory	23.1M	22.2M	18.5M	8.8M	8.5M
Prepaid Expenses	39.6M	40.7M	48.3M	44.3M	34.4M
Other Current Assets, Total	4.2M	5.8M	3M	4.5M	2.2M
Total Current Assets	2.54B	2.2B	2.06B	2.29B	1.67B
Gross Property Plant And Equipment	845M	961M	975M	928M	839M
Accumulated Depreciation	-363M	-451M	-515M	-485M	-445M
Net Property Plant And Equipment	482M	510M	460M	443M	394M
Long-term Investments	6.3M	42.8M	44.6M	41.1M	48M
Goodwill	221M	132M	73.2M	73.3M	56.7M
Other Intangibles, Total	1.45B	1.88B	1.78B	2.08B	2.27B
Deferred Tax Assets Long-Term	173M	180M	252M	187M	258M
Other Long-Term Assets, Total	9.8M	9.5M	9.1M	9.8M	9M
Total Assets	4.88B	4.96B	4.67B	5.12B	4.7B
Liabilities
Accounts Payable, Total	151M	154M	122M	157M	178M
Accrued Expenses, Total	289M	272M	251M	302M	270M
Short-term Borrowings	156M	97.9M	63.7M	102M	200K
Current Portion of Long-Term Debt	5.6M	504M	28.1M	282M	288M
Current Portion of Leases	38.8M	48.5M	45.3M	43.4M	44.2M
Current Income Taxes Payable	15.8M	28.1M	14.2M	22.8M	28.3M
Unearned Revenue Current, Total	353M	308M	195M	141M	143M
Other Current Liabilities	96.8M	67.6M	19.3M	8.2M	39.3M
Total Current Liabilities	1.11B	1.48B	739M	1.06B	990M
Long-Term Debt	1.63B	1.13B	2.06B	1.81B	1.59B
Long-Term Leases	268M	286M	264M	276M	247M
Pension & Other Post Retirement Benefits	21.6M	20.2M	17.1M	20.3M	22.3M
Deferred Tax Liability Non Current	158M	183M	69.5M	36.9M	38.5M
Other Non Current Liabilities	39.3M	46.9M	37.4M	45.3M	16.7M
Total Liabilities	3.22B	3.15B	3.19B	3.24B	2.9B
Common Stock, Total	9.6M	9.7M	9.7M	9.9M	10.1M
Additional Paid In Capital	556M	630M	630M	675M	713M
Retained Earnings	103M	79.1M	-494M	158M	1.26B
Treasury Stock	-263M	-348M	-187M	-119M	-119M
Comprehensive Income and Other	1.25B	1.44B	1.52B	1.15B	-71.5M
Total Common Equity	1.66B	1.81B	1.48B	1.88B	1.8B
Minority Interest	9.3M	2M	3.5M	2.6M	2.9M
Total Equity	1.66B	1.81B	1.48B	1.88B	1.8B
Total Liabilities And Equity	4.88B	4.96B	4.67B	5.12B	4.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	123M	123M	125M	127M	131M
ECS Total Common Shares Outstanding	123M	123M	125M	127M	131M
Book Value / Share	13.45	14.72	11.82	14.72	13.72
Tangible Book Value	-18.2M	-207M	-370M	-272M	-528M
Tangible Book Value Per Share	-0.15	-1.69	-2.96	-2.13	-4.04
Total Debt	2.09B	2.07B	2.46B	2.51B	2.17B
Net Debt	227M	618M	971M	1.3B	1.18B
Minority Interest, Total (Incl. Fin. Div)	9.3M	2M	3.5M	2.6M	2.9M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	30M	28.4M	32.1M	12.2M	11.9M
Land - (BS)	5M	5.1M	5M	5M	5.2M
Buildings, Total	47M	46M	43.9M	43.3M	45.4M
Machinery, Total	413M	476M	500M	418M	344M
Full Time Employees	20.16K	20.66K	20.13K	19.01K	16.62K
Part Time Employees	163	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2M	2.2M	1.3M	5.3M	2.6M
Order Backlog	3B	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	103M	79.1M	-494M	158M	-159M
Depreciation & Amortization - CF	102M	110M	112M	98.4M	91.7M
Amortization of Goodwill and Intangible Assets - (CF)	600K	10.7M	10.4M	2.4M	100K
Depreciation & Amortization, Total	102M	121M	122M	101M	91.8M
Amortization of Deferred Charges, Total - (CF)	446M	461M	1.11B	675M	602M
(Gain) Loss From Sale Of Asset	900K	200K	600K	500K	2.5M
Asset Writedown & Restructuring Costs	110M	90.1M	59.5M	-	16.7M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	56.8M	54.1M	62M	59.6M	54.5M
Provision and Write-off of Bad Debts	400K	100K	-800K	4M	-2.7M
Other Operating Activities, Total	67.3M	55.9M	-170M	-5.1M	-55.5M
Change In Accounts Receivable	-45.7M	-118M	211M	-481M	339M
Change In Inventories	10.9M	2.5M	-2.6M	20M	1.9M
Change In Accounts Payable	1.2M	1.1M	-22.8M	39M	21.1M
Change in Unearned Revenues	-81.1M	-48.8M	-122M	-51.2M	12.4M
Change in Other Net Operating Assets	185M	7.4M	-57.8M	17.8M	83.9M
Cash from Operations	958M	706M	690M	538M	1.01B
Capital Expenditure	-78.1M	-67M	-48.2M	-27.5M	-41.9M
Sale of Property, Plant, and Equipment	100K	200K	100K	100K	800K
Cash Acquisitions	-16M	-26.5M	-30.8M	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-772M	-880M	-1.02B	-976M	-797M
Investment in Marketable and Equity Securities, Total	-2.5M	-35.4M	-6M	-5.6M	-9.5M
Net (Increase) Decrease in Loans Originated / Sold - Investing	198M	78.3M	45.8M	1M	1.6M
Other Investing Activities, Total	-198M	-77.9M	-45.4M	100K	-100K
Cash from Investing	-868M	-1.01B	-1.11B	-1.01B	-846M
Long-Term Debt Issued, Total	1.14B	158M	1.44B	1.17B	734M
Total Debt Issued	1.14B	158M	1.44B	1.17B	734M
Long-Term Debt Repaid, Total	-542M	-257M	-994M	-1.02B	-1.12B
Total Debt Repaid	-542M	-257M	-994M	-1.02B	-1.12B
Issuance of Common Stock	106M	74.4M	100M	56.4M	38M
Repurchase of Common Stock	-	-117M	-	-	-
Other Financing Activities, Total	-240M	240M	-	-100K	-100K
Cash from Financing	464M	98.6M	544M	205M	-344M
Foreign Exchange Rate Adjustments	24.7M	29.8M	-53.4M	3.1M	-32.6M
Miscellaneous Cash Flow Adjustments	100K	-	-	-	-
Net Change in Cash	578M	-174M	73.2M	-262M	-213M
Supplemental Items
Cash Interest Paid	10.3M	15.4M	22.4M	57.7M	78M
Cash Income Tax Paid (Refund)	83.4M	90.9M	79.1M	111M	95.9M
Levered Free Cash Flow	43.18M	-261M	-151M	-508M	263M
Unlevered Free Cash Flow	54.68M	-245M	-128M	-461M	329M
Change In Net Working Capital	-49.7M	154M	42.8M	494M	-438M
Net Debt Issued / Repaid	597M	-98.7M	443M	148M	-381M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.89	4.45	-6.33	4.1	-0.38
Return on Total Capital	7.68	5.73	-7.79	4.82	-0.45
Return On Equity %	7.04	4.58	-30.06	9.39	-8.64
Return on Common Equity	6.94	4.57	-30.08	9.4	-8.66
Margin Analysis
Gross Profit Margin %	85.35	87.31	88.06	91.13	89.33
SG&A Margin	30.18	32.13	35.53	30.61	34.52
EBITDA Margin %	20.46	19.78	-22.97	16.22	0.83
EBITA Margin %	18.01	16.98	-26.29	14.07	-1.58
EBIT Margin %	17.98	16.48	-26.86	13.96	-1.58
Income From Continuing Operations Margin %	4.73	3.74	-27.27	6.86	-8.36
Net Income Margin %	4.64	3.72	-27.24	6.86	-8.37
Net Avail. For Common Margin %	4.64	3.72	-27.24	6.86	-8.37
Normalized Net Income Margin	9.69	9.6	-17.59	7.12	-3.11
Levered Free Cash Flow Margin	1.94	-12.26	-8.3	-22.06	13.82
Unlevered Free Cash Flow Margin	2.46	-11.54	-7.06	-20.03	17.32
Asset Turnover
Asset Turnover	0.52	0.43	0.38	0.47	0.39
Fixed Assets Turnover	5.02	4.29	3.74	5.1	4.54
Receivables Turnover (Average Receivables)	6.84	5.22	4.91	4.54	3.29
Inventory Turnover (Average Inventory)	18.35	11.91	10.64	14.96	23.43
Short Term Liquidity
Current Ratio	2.3	1.49	2.78	2.17	1.68
Quick Ratio	2.24	1.44	2.69	2.11	1.64
Operating Cash Flow to Current Liabilities	0.87	0.48	0.93	0.51	1.02
Days Sales Outstanding (Average Receivables)	53.33	69.88	74.37	80.69	111.08
Days Outstanding Inventory (Average Inventory)	19.89	30.65	34.29	24.47	15.58
Average Days Payable Outstanding	157.22	207.08	236.42	262.41	301.61
Cash Conversion Cycle (Average Days)	-84	-106.55	-127.76	-157.26	-174.95
Long Term Solvency
Total Debt/Equity	125.82	114.43	166.07	133.56	120.49
Total Debt / Total Capital	55.72	53.37	62.42	57.18	54.65
LT Debt/Equity	113.81	78.51	156.82	110.81	102.02
Long-Term Debt / Total Capital	50.4	36.61	58.94	47.45	46.27
Total Liabilities / Total Assets	65.91	63.52	68.26	63.31	61.75
EBIT / Interest Expense	21.73	14.29	-13.54	4.3	-0.28
EBITDA / Interest Expense	27.29	19.22	-10.14	5.64	0.58
(EBITDA - Capex) / Interest Expense	23.05	16.49	-11.48	5.28	0.19
Total Debt / EBITDA	4.17	4.4	-6.74	5.95	35.11
Net Debt / EBITDA	0.45	1.31	-2.66	3.09	19.06
Total Debt / (EBITDA - Capex)	4.94	5.12	-5.96	6.36	109.41
Net Debt / (EBITDA - Capex)	0.54	1.53	-2.35	3.31	59.41
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	39.44	-4.43	-14.63	26.82	-17.46
Gross Profit, 1 Yr. Growth %	41.47	-2.24	-13.89	31.23	-19.09
EBITDA, 1 Yr. Growth %	-13.12	-53.35	-147.27	-45.8	-98.49
EBITA, 1 Yr. Growth %	-15.92	-57.36	-158.02	-48.49	-103
EBIT, 1 Yr. Growth %	868.04	-12.41	-239.18	-165.92	-109.37
Earnings From Cont. Operations, 1 Yr. Growth %	-184.7	-24.43	-722.39	-131.91	-200.57
Net Income, 1 Yr. Growth %	-182.09	-23.28	-724.78	-131.93	-200.76
Normalized Net Income, 1 Yr. Growth %	1.62K	-5.36	-269.52	-151.98	-136.01
Diluted EPS Before Extra, 1 Yr. Growth %	-175.89	-23.53	-727.69	-130.39	-200.86
Accounts Receivable, 1 Yr. Growth %	11.59	37.44	-43.04	178.12	-45.08
Inventory, 1 Yr. Growth %	86.29	-3.9	-16.67	-52.43	-3.41
Net Property, Plant and Equip., 1 Yr. Growth %	19.19	5.77	-9.79	-3.72	-11
Total Assets, 1 Yr. Growth %	35.51	1.52	-5.82	9.65	-8.23
Tangible Book Value, 1 Yr. Growth %	-86.55	1.04K	78.79	-26.48	94.05
Common Equity, 1 Yr. Growth %	25.95	9.14	-18.15	26.87	-4.35
Cash From Operations, 1 Yr. Growth %	59.54	-26.33	-2.28	-22.04	87.67
Capital Expenditures, 1 Yr. Growth %	-10.33	-14.21	-28.06	-42.95	-63.94
Levered Free Cash Flow, 1 Yr. Growth %	-131.52	-703.45	-42.19	237.02	-151.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-143.51	-548.51	-47.75	259.72	-171.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.77	15.44	-9.68	4.05	2.31
Gross Profit, 2 Yr. CAGR %	11.87	17.6	-8.25	6.3	3.05
EBITDA, 2 Yr. CAGR %	-21.76	-10.41	-31.98	-34.94	-84.85
EBITA, 2 Yr. CAGR %	-24.72	-12.94	-24.92	-37.25	-78.15
EBIT, 2 Yr. CAGR %	38.57	191.19	10.41	-4.22	-75.15
Earnings From Cont. Operations, 2 Yr. CAGR %	2.57	-19.99	116.87	40.93	-43.35
Net Income, 2 Yr. CAGR %	1.55	-20.64	118.94	41.24	-43.28
Normalized Net Income, 2 Yr. CAGR %	32.09	303.35	21.68	-6.69	-56.74
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.27	-23.82	119.09	38.12	-44.63
Accounts Receivable, 2 Yr. CAGR %	-15.21	23.84	-11.52	25.87	23.59
Inventory, 2 Yr. CAGR %	-14.88	33.8	-10.51	-37.04	-32.22
Net Property, Plant and Equip., 2 Yr. CAGR %	73.57	12.28	-2.32	-6.8	-7.43
Total Assets, 2 Yr. CAGR %	21.87	17.29	-2.22	1.62	0.31
Tangible Book Value, 2 Yr. CAGR %	-73.21	23.69	350.95	14.65	19.44
Common Equity, 2 Yr. CAGR %	34.15	17.24	-5.48	1.9	10.16
Cash From Operations, 2 Yr. CAGR %	-0.75	8.42	-15.15	-12.72	20.96
Capital Expenditures, 2 Yr. CAGR %	12.76	-12.29	-21.44	-35.93	-6.76
Levered Free Cash Flow, 2 Yr. CAGR %	-67.02	37.91	86.78	39.59	32.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-63.48	39.69	53.08	37.09	60.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.69	4.82	4.39	1.14	-3.68
Gross Profit, 3 Yr. CAGR %	9.77	6.96	5.99	3.37	-2.94
EBITDA, 3 Yr. CAGR %	-15.95	-17.31	-7.33	-25.45	-73.83
EBITA, 3 Yr. CAGR %	-18.23	-20.06	0.06	-27.41	-66.83
EBIT, 3 Yr. CAGR %	15.34	18.92	127.67	-7.03	-55.87
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.97	-7.36	58.53	14.5	25.94
Net Income, 3 Yr. CAGR %	-9.58	-7.51	57.87	15.24	26.2
Normalized Net Income, 3 Yr. CAGR %	11.78	18.2	194.15	-8.72	-32.07
Diluted EPS Before Extra, 3 Yr. CAGR %	-10.36	-9.94	53.87	13.41	24.38
Accounts Receivable, 3 Yr. CAGR %	-7.68	-0.4	-4.4	29.61	-4.53
Inventory, 3 Yr. CAGR %	4.46	-11.36	14.27	-27.51	-27.39
Net Property, Plant and Equip., 3 Yr. CAGR %	61.64	47.15	4.38	-2.79	-8.22
Total Assets, 3 Yr. CAGR %	20.31	14.67	9.02	1.59	-1.77
Tangible Book Value, 3 Yr. CAGR %	-50.77	-6.55	39.85	146.35	36.63
Common Equity, 3 Yr. CAGR %	23.02	25.24	4.01	4.26	-0.22
Cash From Operations, 3 Yr. CAGR %	11.49	-10.13	4.73	-17.51	12.65
Capital Expenditures, 3 Yr. CAGR %	17.28	2.94	-17.9	-29.39	-14.48
Levered Free Cash Flow, 3 Yr. CAGR %	-24.36	-13.1	3.22	127.39	0.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.99	-15.75	0.65	103.52	10.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.79	7.8	0.93	4.51	3.56
Gross Profit, 5 Yr. CAGR %	11.75	9.31	2.17	6.69	4.8
EBITDA, 5 Yr. CAGR %	-5.32	-8.36	-11.47	-12.87	-50.35
EBITA, 5 Yr. CAGR %	-6.77	-10.23	-8.22	-14.45	-42.47
EBIT, 5 Yr. CAGR %	20.69	11.75	13.34	9.06	-6.13
Earnings From Cont. Operations, 5 Yr. CAGR %	2.41	-5.91	28.83	9.57	5.04
Net Income, 5 Yr. CAGR %	1.99	-6.01	28.79	9.56	4.83
Normalized Net Income, 5 Yr. CAGR %	19.35	12.1	15.64	5.82	36.32
Diluted EPS Before Extra, 5 Yr. CAGR %	0.72	-6.71	28.16	6.86	2.23
Accounts Receivable, 5 Yr. CAGR %	-3.97	3.04	-9.24	9.38	5.94
Inventory, 5 Yr. CAGR %	3.58	-2.63	-1.8	-22.7	-7.27
Net Property, Plant and Equip., 5 Yr. CAGR %	41.84	36.8	32.14	22.58	-0.51
Total Assets, 5 Yr. CAGR %	19.31	13.94	10.74	9.26	5.45
Tangible Book Value, 5 Yr. CAGR %	-41.46	-0.9	19.4	1.42	31.3
Common Equity, 5 Yr. CAGR %	10.21	9.77	10.71	15.32	6.43
Cash From Operations, 5 Yr. CAGR %	22.97	1.79	-0.04	-11.18	10.94
Capital Expenditures, 5 Yr. CAGR %	12.94	5.03	-0.09	-14.85	-13.61
Levered Free Cash Flow, 5 Yr. CAGR %	-28.25	70.61	8.59	5.04	13.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-24.42	57.17	2.94	2.37	21.22