Cash flow Viaplay Group AB

Equities

VPLAY B

SE0012116390

Broadcasting

Real-time Estimate Cboe Europe Other stock markets 08:17:37 16/03/2026 GMT			5-day change	1st Jan Change
1.328 ^SEK	-0.93%		-0.30%	+47.13%

03-13	Viaplay attracts first public short seller	FW
03-11	Kepler Cheuvreux raises target price for Viaplay Group to SEK 1.45 (1), reiterates Hold - BN	FW

38bed8d694d6d435ead59fd9d25ed0f.PtqPo6I13TLlut2jKMBMe6KPnYwnrTiTnWY_0DfkKys.CK_Yxst-tkip3aTgQfN1VvT16OFewEDX0VdboHa7GW1Nif7PxEO_So7xnA

Published financial data: VIAPLAY GROUP AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	12B	12.66B	15.69B	18.57B	18.49B
Total Revenues	12B	12.66B	15.69B	18.57B	18.49B
Cost of Goods Sold, Total	8.81B	9.45B	13.09B	17.26B	16.46B
Gross Profit	3.19B	3.21B	2.6B	1.3B	2.03B
Selling General & Admin Expenses, Total	2.36B	2.66B	3.2B	2.64B	2.34B
Other Operating Expenses	-95M	-86M	-148M	-171M	-54M
Other Operating Expenses, Total	2.27B	2.58B	3.05B	2.47B	2.29B
Operating Income	923M	638M	-444M	-1.17B	-260M
Interest Expense, Total	-80M	-73M	-137M	-319M	-380M
Interest And Investment Income	10M	11M	32M	71M	53M
Net Interest Expenses	-70M	-62M	-105M	-248M	-327M
Income (Loss) On Equity Invest.	100M	40M	275M	63M	151M
Currency Exchange Gains (Loss)	34M	-10M	6M	52M	1.08B
Other Non Operating Income (Expenses)	-15M	-41M	-	-	-
EBT, Excl. Unusual Items	972M	565M	-268M	-1.3B	647M
Restructuring Charges	-	-	-	-	-
Asset Writedown	-270M	-15M	-2M	-	-
Legal Settlements	-	-	595M	-	-
Other Unusual Items	2.39B	-74M	-	-9.22B	-439M
EBT, Incl. Unusual Items	3.09B	476M	325M	-10.52B	208M
Income Tax Expense	218M	111M	2M	-776M	102M
Earnings From Continuing Operations	2.87B	365M	323M	-9.75B	106M
Earnings Of Discontinued Operations	-643M	-40M	-	-	-
Net Income to Company	2.23B	325M	323M	-9.75B	106M
Minority Interest	9M	-	-	-	-
Net Income - (IS)	2.24B	325M	323M	-9.75B	106M
Net Income to Common Incl Extra Items	2.24B	325M	323M	-9.75B	106M
Net Income to Common Excl. Extra Items	2.88B	365M	323M	-9.75B	106M
Per Share Items
Net EPS - Basic	33.2	4.24	4.13	-124.6	0.03
Basic EPS - Continuing Operations	42.75	4.76	4.13	-124.6	0.03
Basic Weighted Average Shares Outstanding	67.35M	76.73M	78.14M	78.23M	4.11B
Net EPS - Diluted	33.05	4.22	4.13	-124.61	0.03
Diluted EPS - Continuing Operations	42.55	4.74	4.13	-124.61	0.03
Diluted Weighted Average Shares Outstanding	67.66M	77.03M	78.23M	78.23M	4.11B
Normalized Basic EPS	9.15	4.6	-2.14	-10.38	0.1
Normalized Diluted EPS	9.11	4.58	-2.14	-10.38	0.1
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	1.07B	751M	-345M	-1.06B	-162M
EBITA	977M	690M	-395M	-1.12B	-215M
EBIT	923M	638M	-444M	-1.17B	-260M
EBITDAR	1.07B	768M	-291M	-987M	-136M
Effective Tax Rate - (Ratio)	7.06	23.32	0.62	7.37	49.04
Total Current Taxes	218M	90M	131M	47M	-
Total Deferred Taxes	-	21M	-129M	-823M	-
Normalized Net Income	616M	353M	-168M	-812M	404M
Interest on Long-Term Debt	20M	18M	16M	17M	30M
Supplemental Operating Expense Items
Selling and Marketing Expenses	821M	1.03B	1.26B	1.09B	969M
General and Administrative Expenses	1.54B	1.63B	1.93B	1.54B	1.38B
Research And Development Expense From Footnotes	95M	-	-	-	-
Net Rental Expense, Total	3M	17M	54M	76M	26M
Imputed Operating Lease Interest Expense	358K	2.22M	14.37M	32.15M	15.67M
Imputed Operating Lease Depreciation	2.64M	14.78M	39.63M	43.85M	10.33M
Stock-Based Comp., Other (Total)	31M	44M	31M	-3M	-8M
Total Stock-Based Compensation	31M	44M	31M	-3M	-8M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.04B	5.7B	2.78B	2.54B	1.04B
Total Cash And Short Term Investments	2.04B	5.7B	2.78B	2.54B	1.04B
Accounts Receivable, Total	1.13B	1.26B	2.16B	2.06B	2.48B
Other Receivables	755M	381M	592M	348M	272M
Total Receivables	1.88B	1.64B	2.75B	2.41B	2.75B
Inventory	2.61B	3.54B	5.21B	2.91B	2.24B
Prepaid Expenses	3.62B	4.58B	6.62B	6.85B	6.52B
Other Current Assets, Total	1.3B	-	-	610M	-
Total Current Assets	11.45B	15.46B	17.36B	15.32B	12.55B
Gross Property Plant And Equipment	951M	1.04B	1.15B	1.13B	1.2B
Accumulated Depreciation	-495M	-558M	-637M	-719M	-825M
Net Property Plant And Equipment	456M	484M	509M	409M	370M
Long-term Investments	1.72B	1.33B	1.36B	1.2B	1.12B
Goodwill	1.31B	1.34B	1.8B	1.29B	1.29B
Other Intangibles, Total	497M	462M	420M	352M	302M
Accounts Receivable Long-Term	150M	127M	104M	78M	57M
Deferred Tax Assets Long-Term	111M	44M	2M	972M	974M
Deferred Charges Long-Term	192M	181M	212M	66M	43M
Other Long-Term Assets, Total	65M	100M	92M	21M	141M
Total Assets	15.95B	19.53B	21.86B	19.72B	16.85B
Liabilities
Accounts Payable, Total	2.16B	2.89B	3.3B	4.02B	3.01B
Accrued Expenses, Total	1.9B	2.61B	3.3B	2.64B	2.39B
Short-term Borrowings	1.26B	800M	650M	4.7B	200M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	104M	106M	119M	93M	96M
Current Income Taxes Payable	250M	160M	65M	86M	73M
Unearned Revenue Current, Total	640M	676M	920M	828M	1.2B
Other Current Liabilities	2.14B	651M	702M	2.14B	1.73B
Total Current Liabilities	8.45B	7.89B	9.05B	14.5B	8.69B
Long-Term Debt	3.3B	2.5B	3.25B	2.55B	1.86B
Long-Term Leases	462M	416M	394M	308M	280M
Deferred Tax Liability Non Current	211M	238M	103M	195M	205M
Other Non Current Liabilities	285M	157M	152M	3.25B	2.14B
Total Liabilities	12.71B	11.2B	12.95B	20.81B	13.18B
Common Stock, Total	136M	157M	157M	158M	275M
Additional Paid In Capital	-	4.28B	4.28B	4.28B	8.7B
Retained Earnings	3.55B	3.9B	4.26B	-5.49B	-5.24B
Comprehensive Income and Other	-448M	-19M	213M	-44M	-60M
Total Common Equity	3.24B	8.32B	8.91B	-1.09B	3.68B
Minority Interest	1M	-	-	-	-
Total Equity	3.24B	8.32B	8.91B	-1.09B	3.68B
Total Liabilities And Equity	15.95B	19.53B	21.86B	19.72B	16.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	67.35M	77.97M	78.23M	4.58B	4.58B
ECS Total Common Shares Outstanding	67.35M	77.97M	78.23M	78.23M	4.58B
Book Value / Share	48.05	106.75	113.91	-13.93	0.8
Tangible Book Value	1.43B	6.52B	6.69B	-2.74B	2.08B
Tangible Book Value Per Share	21.23	83.66	85.47	-34.96	0.46
Total Debt	5.13B	3.82B	4.41B	7.65B	2.43B
Net Debt	3.09B	-1.88B	1.64B	5.11B	1.39B
Debt Equivalent Oper. Leases	24M	136M	432M	608M	208M
Minority Interest, Total (Incl. Fin. Div)	1M	-	-	-	-
Equity Method Investments, Total	1.62B	1.23B	1.25B	1.09B	1.12B
Account Code - Inventory Valuation	5	5	3	3	3
Machinery, Total	457M	532M	558M	570M	594M
Full Time Employees	1.47K	1.29K	1.56K	1.22K	1.04K
Part Time Employees	22	18	16	12	10
Accumulated Allowance for Doubtful Accounts (Supple)	69M	77M	49M	33M	63M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.24B	325M	323M	-9.75B	106M
Depreciation & Amortization - CF	167M	144M	122M	134M	116M
Amortization of Goodwill and Intangible Assets - (CF)	54M	52M	49M	48M	45M
Depreciation & Amortization, Total	221M	196M	171M	182M	161M
Amortization of Deferred Charges, Total - (CF)	93M	102M	97M	118M	40M
Asset Writedown & Restructuring Costs	888M	28M	2M	1M	-
(Income) Loss On Equity Investments - (CF)	1.2B	500M	300M	100M	101M
Net Cash From Discontinued Operations	-643M	-40M	-	-	-
Other Operating Activities, Total	-1.8B	183M	-589M	7.9B	-1.33B
Change In Accounts Receivable	-	-	-322M	55M	-119M
Change In Inventories	-	-	-1.66B	-161M	640M
Change in Other Net Operating Assets	-674M	-817M	-1.32B	-1.8B	-1.6B
Cash from Operations	1.53B	477M	-3B	-3.35B	-2B
Capital Expenditure	-147M	-216M	-186M	-159M	-43M
Cash Acquisitions	-	-	-387M	-	-
Divestitures	-222M	443M	-	5M	132M
Other Investing Activities, Total	2M	16M	71M	17M	16M
Cash from Investing	-367M	243M	-502M	-137M	105M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.5B	-	1.4B	4.98B	-
Total Debt Issued	1.5B	-	1.4B	4.98B	-
Short Term Debt Repaid, Total	-1.72B	-1.26B	-	-	-
Long-Term Debt Repaid, Total	-135M	-116M	-872M	-1.72B	-3.25B
Total Debt Repaid	-1.86B	-1.38B	-872M	-1.72B	-3.25B
Issuance of Common Stock	-	4.29B	-	-	4B
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	54M	-6M	7M	21M	-396M
Cash from Financing	-301M	2.91B	535M	3.29B	352M
Foreign Exchange Rate Adjustments	-60M	32M	41M	-10M	13M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	798M	3.66B	-2.93B	-206M	-1.53B
Supplemental Items
Cash Interest Paid	62M	57M	132M	222M	245M
Cash Income Tax Paid (Refund)	157M	111M	274M	67M	45M
Levered Free Cash Flow	179M	28.12M	-3.77B	2.44B	-298M
Unlevered Free Cash Flow	229M	73.75M	-3.69B	2.64B	-60.5M
Change In Net Working Capital	546M	451M	3.52B	-3.23B	48M
Net Debt Issued / Repaid	-355M	-1.38B	528M	3.27B	-3.25B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.76	2.25	-1.34	-3.51	-0.89
Return on Total Capital	7.49	3.89	-2.18	-7.33	-2.56
Return On Equity %	122.7	6.31	3.75	-249.25	8.19
Return on Common Equity	123.3	6.32	3.75	-249.25	8.19
Margin Analysis
Gross Profit Margin %	26.58	25.38	16.6	7.01	10.98
SG&A Margin	19.68	21.03	20.37	14.21	12.68
EBITDA Margin %	8.91	5.93	-2.2	-5.73	-0.88
EBITA Margin %	8.14	5.45	-2.52	-6.02	-1.16
EBIT Margin %	7.69	5.04	-2.83	-6.28	-1.41
Income From Continuing Operations Margin %	23.91	2.88	2.06	-52.5	0.57
Net Income Margin %	18.63	2.57	2.06	-52.5	0.57
Net Avail. For Common Margin %	23.99	2.88	2.06	-52.5	0.57
Normalized Net Income Margin	5.14	2.79	-1.07	-4.37	2.19
Levered Free Cash Flow Margin	1.49	0.22	-24.05	13.13	-1.61
Unlevered Free Cash Flow Margin	1.91	0.58	-23.5	14.2	-0.33
Asset Turnover
Asset Turnover	0.78	0.71	0.76	0.89	1.01
Fixed Assets Turnover	20.22	26.94	31.6	40.45	47.47
Receivables Turnover (Average Receivables)	8.24	10.61	9.18	8.79	8.15
Inventory Turnover (Average Inventory)	3.41	3.07	2.99	4.25	6.39
Short Term Liquidity
Current Ratio	1.35	1.96	1.92	1.06	1.44
Quick Ratio	0.46	0.93	0.61	0.34	0.44
Operating Cash Flow to Current Liabilities	0.18	0.06	-0.33	-0.23	-0.23
Days Sales Outstanding (Average Receivables)	44.4	34.39	39.74	41.51	44.92
Days Outstanding Inventory (Average Inventory)	107.25	118.94	122.02	85.8	57.32
Average Days Payable Outstanding	89.95	88.91	76.58	89.27	81.5
Cash Conversion Cycle (Average Days)	61.69	64.42	85.18	38.03	20.74
Long Term Solvency
Total Debt/Equity	158.36	45.92	49.52	-701.93	66.2
Total Debt / Total Capital	61.29	31.47	33.12	116.61	39.83
LT Debt/Equity	116.22	35.04	40.89	-262.2	58.15
Long-Term Debt / Total Capital	44.98	24.01	27.35	43.56	34.99
Total Liabilities / Total Assets	79.7	57.38	59.24	105.53	78.18
EBIT / Interest Expense	11.54	8.74	-3.24	-3.66	-0.68
EBITDA / Interest Expense	14.3	11.42	-1.99	-3.08	-0.26
(EBITDA - Capex) / Interest Expense	12.46	8.47	-3.35	-3.58	-0.37
Total Debt / EBITDA	4.48	4.58	-16.16	-7.78	-24.59
Net Debt / EBITDA	2.7	-2.25	-6	-5.19	-14.08
Total Debt / (EBITDA - Capex)	5.14	6.18	-9.61	-6.69	-17.14
Net Debt / (EBITDA - Capex)	3.1	-3.04	-3.57	-4.47	-9.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-15.5	5.48	23.93	18.33	-0.41
Gross Profit, 1 Yr. Growth %	-26.09	0.75	-18.95	-50.74	55.99
EBITDA, 1 Yr. Growth %	-31.43	-29.75	-145.94	308.85	-84.76
EBITA, 1 Yr. Growth %	-35.21	-29.38	-157.25	260.65	-80.77
EBIT, 1 Yr. Growth %	-35.72	-30.88	-169.59	224.79	-77.7
Earnings From Cont. Operations, 1 Yr. Growth %	433.46	-87.28	-11.51	-3.12K	-101.09
Net Income, 1 Yr. Growth %	279.63	-85.47	-0.62	-3.12K	-101.09
Normalized Net Income, 1 Yr. Growth %	-30.51	-42.72	-147.43	609.84	-149.81
Diluted EPS Before Extra, 1 Yr. Growth %	434.7	-88.86	-12.87	-3.12K	-100.02
Accounts Receivable, 1 Yr. Growth %	-36.59	11.15	72.05	-4.58	20.13
Inventory, 1 Yr. Growth %	2.47	35.54	46.94	-44.08	-22.91
Net Property, Plant and Equip., 1 Yr. Growth %	-37.62	6.14	5.17	-19.65	-9.54
Total Assets, 1 Yr. Growth %	8.52	22.43	11.96	-9.82	-14.52
Tangible Book Value, 1 Yr. Growth %	-179.93	356.15	2.5	-140.91	-176.23
Common Equity, 1 Yr. Growth %	125.66	157.2	7.06	-112.23	-437.34
Cash From Operations, 1 Yr. Growth %	153.49	-68.74	-729.14	11.56	-40.29
Capital Expenditures, 1 Yr. Growth %	-16.48	46.94	-13.89	-14.52	-72.96
Levered Free Cash Flow, 1 Yr. Growth %	-69.39	-84.28	-201K	-165.53	-112.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-62.94	-67.78	-5.1K	-172.56	-102.29
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.23	-5.59	14.34	21.1	8.55
Gross Profit, 2 Yr. CAGR %	-18.17	-13.71	-9.63	-36.35	-12.34
EBITDA, 2 Yr. CAGR %	-19.92	-30.59	-43.19	18.97	-21.06
EBITA, 2 Yr. CAGR %	-22.03	-32.36	-36.42	27.29	-16.72
EBIT, 2 Yr. CAGR %	-22.91	-33.34	-30.64	35.19	-14.9
Earnings From Cont. Operations, 2 Yr. CAGR %	49.04	-17.63	-66.45	416.76	-42.71
Net Income, 2 Yr. CAGR %	31.86	-25.72	-61.99	447.64	-42.71
Normalized Net Income, 2 Yr. CAGR %	-18.46	-36.91	-47.88	51.63	88.03
Diluted EPS Before Extra, 2 Yr. CAGR %	49.29	-22.82	-68.84	412.73	-92.1
Accounts Receivable, 2 Yr. CAGR %	-20.72	-16.05	38.29	28.13	7.06
Inventory, 2 Yr. CAGR %	3.76	17.85	41.12	-9.36	-34.35
Net Property, Plant and Equip., 2 Yr. CAGR %	73.21	-18.63	5.65	-8.07	-14.74
Total Assets, 2 Yr. CAGR %	14.33	15.27	17.08	0.49	-12.2
Tangible Book Value, 2 Yr. CAGR %	-26.68	90.95	116.23	-35.25	-44.16
Common Equity, 2 Yr. CAGR %	136	140.92	65.94	-63.81	-35.76
Cash From Operations, 2 Yr. CAGR %	16.94	-10.99	40.23	164.93	-18.38
Capital Expenditures, 2 Yr. CAGR %	-48.3	10.78	12.49	-14.2	-51.92
Levered Free Cash Flow, 2 Yr. CAGR %	6.53	-78.06	359.28	3.51K	-71.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.45	-65.44	301.39	497.99	-87.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.28	-4.57	3.37	15.65	13.45
Gross Profit, 3 Yr. CAGR %	-11.86	-12.29	-15.49	-25.82	-14.19
EBITDA, 3 Yr. CAGR %	-12.12	-23.34	-39.51	-0.19	-40.03
EBITA, 3 Yr. CAGR %	-13.7	-24.56	-36.02	4.6	-32.21
EBIT, 3 Yr. CAGR %	-14.72	-25.66	-32.38	8.1	-25.86
Earnings From Cont. Operations, 3 Yr. CAGR %	30.41	-34.38	-15.64	50.31	-33.78
Net Income, 3 Yr. CAGR %	20.22	-36.78	-18.15	63.36	-31.17
Normalized Net Income, 3 Yr. CAGR %	-10.84	-27.51	-42.63	9.61	4.62
Diluted EPS Before Extra, 3 Yr. CAGR %	30.44	-37.15	-19.64	43.07	-82.41
Accounts Receivable, 3 Yr. CAGR %	-11.41	-11.27	6.64	22.2	25.4
Inventory, 3 Yr. CAGR %	8.58	13.42	26.84	3.65	-14.12
Net Property, Plant and Equip., 3 Yr. CAGR %	56.05	47.12	-11.37	-3.56	-8.56
Total Assets, 3 Yr. CAGR %	15.31	16.97	14.15	7.33	-4.79
Tangible Book Value, 3 Yr. CAGR %	65.76	34.85	55.19	24.13	-31.63
Common Equity, 3 Yr. CAGR %	8.08	142.87	83.85	-30.42	-23.84
Cash From Operations, 3 Yr. CAGR %	28.33	-24.67	70.83	29.94	61.22
Capital Expenditures, 3 Yr. CAGR %	-1.54	-26.77	1.86	2.65	-41.61
Levered Free Cash Flow, 3 Yr. CAGR %	-18.05	-43.7	86.21	138.87	441.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.79	-26.75	81.43	125.87	-6.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-0.37	2.77	4.97	5.42
Gross Profit, 5 Yr. CAGR %	-	-5.26	-10.98	-22.85	-13.99
EBITDA, 5 Yr. CAGR %	-	-12.47	-26.19	-8.61	-36.42
EBITA, 5 Yr. CAGR %	-	-13.1	-23.63	-7	-32.27
EBIT, 5 Yr. CAGR %	-	-14.11	-21.48	-5.57	-28.95
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-17.06	-24.24	49.8	-27.74
Net Income, 5 Yr. CAGR %	-	-18.93	-24.16	49.94	-29.04
Normalized Net Income, 5 Yr. CAGR %	-	-14.43	-28.07	-2.62	-14.54
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-19.35	-26.44	45.53	-68.22
Accounts Receivable, 5 Yr. CAGR %	-	-5.97	5.87	2.78	6.81
Inventory, 5 Yr. CAGR %	-	17.72	20.58	3.7	-2.53
Net Property, Plant and Equip., 5 Yr. CAGR %	-	28.16	33.51	21.89	-12.73
Total Assets, 5 Yr. CAGR %	-	14.66	16.01	10.07	2.78
Tangible Book Value, 5 Yr. CAGR %	-	47.48	84.35	0.56	3.11
Common Equity, 5 Yr. CAGR %	-	33.44	28.3	13.41	20.72
Cash From Operations, 5 Yr. CAGR %	-	-3.97	32.97	24.57	27.13
Capital Expenditures, 5 Yr. CAGR %	-	3.71	3.85	-21.98	-24.56
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	63.29	72.93	-12.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	58.38	69.66	-37.16