Cash flow Volkswagen AG

Equities

VOW3

DE0007664039

Auto & Truck Manufacturers

Market Closed - Xetra Other stock markets 16:35:28 09/09/2024 BST			After market 20:20:52
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Published financial data: VOLKSWAGEN AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	212B	182B	206B	232B	272B
Finance Div. Revenues	40.16B	40.78B	43.96B	46.85B	50B
Total Revenues	253B	223B	250B	279B	322B
Cost of Goods Sold, Total	170B	149B	167B	189B	206B
Finance Div. Operating Exp.	33.75B	34.46B	36.86B	37.67B	49.96B
Interest Expense - Finance Division	2.7B	2.3B	1.98B	3.32B	7.97B
Gross Profit	46.23B	36.7B	44.52B	49.52B	58.66B
Selling General & Admin Expenses, Total	27.9B	24.41B	26B	27.87B	30.32B
Other Operating Expenses	-132M	678M	-1.46B	-1.42B	3.73B
Other Operating Expenses, Total	27.76B	25.09B	24.54B	26.44B	34.04B
Operating Income	18.47B	11.6B	19.98B	23.08B	24.62B
Interest Expense, Total	-1.86B	-2.29B	-1.82B	-442M	-3.59B
Interest And Investment Income	910M	793M	810M	1.32B	2.66B
Net Interest Expenses	-952M	-1.5B	-1.01B	883M	-934M
Income (Loss) On Equity Invest.	3.28B	2.7B	2.23B	2.29B	2.24B
Currency Exchange Gains (Loss)	-81M	-907M	163M	120M	-507M
Other Non Operating Income (Expenses)	-67M	1.83B	-556M	-485M	-836M
EBT, Excl. Unusual Items	20.65B	13.72B	20.82B	25.88B	24.58B
Restructuring Charges	-	-	-304M	-	-
Merger & Related Restructuring Charges	-	-	-34M	-	-
Impairment of Goodwill	-15M	-37M	-39M	-30M	-6M
Gain (Loss) On Sale Of Investments	-169M	-572M	269M	-3.12B	229M
Gain (Loss) On Sale Of Assets	-61M	-42M	-218M	-220M	-706M
Asset Writedown	309M	-914M	-30M	-190M	-843M
Legal Settlements	-2.6B	-1B	-	-	-
Other Unusual Items	246M	509M	-333M	-280M	-62M
EBT, Incl. Unusual Items	18.36B	11.67B	20.13B	22.04B	23.19B
Income Tax Expense	4.33B	2.84B	4.7B	6.21B	5.26B
Earnings From Continuing Operations	14.03B	8.82B	15.43B	15.84B	17.93B
Net Income to Company	14.03B	8.82B	15.43B	15.84B	17.93B
Minority Interest	-143M	43M	-46M	-393M	-1.33B
Net Income - (IS)	13.89B	8.87B	15.38B	15.44B	16.6B
Preferred Dividend and Other Adjustments	540M	533M	539M	576M	586M
Net Income to Common Incl Extra Items	13.35B	8.33B	14.84B	14.87B	16.01B
Net Income to Common Excl. Extra Items	13.35B	8.33B	14.84B	14.87B	16.01B
Per Share Items
Net EPS - Basic	26.62	16.62	29.61	29.66	31.94
Basic EPS - Continuing Operations	26.62	16.62	29.61	29.66	31.94
Basic Weighted Average Shares Outstanding	501M	501M	501M	501M	501M
Net EPS - Diluted	26.62	16.62	29.61	29.66	31.94
Diluted EPS - Continuing Operations	26.62	16.62	29.61	29.66	31.94
Diluted Weighted Average Shares Outstanding	501M	501M	501M	501M	501M
Normalized Basic EPS	25.46	17.2	25.86	31.48	28
Normalized Diluted EPS	25.46	17.2	25.86	31.48	28
Dividend Per Share	4.86	4.86	7.56	8.76	9.06
Payout Ratio	20.81	32.6	19.46	28.25	70.68
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	29.78B	23.1B	31.57B	34.8B	34.79B
EBITA	19.15B	12.34B	20.83B	24.19B	25.92B
EBIT	18.47B	11.6B	19.98B	23.08B	24.62B
EBITDAR	30.38B	23.65B	32.08B	35.32B	35.36B
Effective Tax Rate - (Ratio)	23.57	24.37	23.34	28.16	22.7
Current Domestic Taxes	1.47B	940M	1.23B	1.18B	2.88B
Current Foreign Taxes	2.67B	2.21B	3.38B	4.08B	3.91B
Total Current Taxes	4.15B	3.15B	4.61B	5.26B	6.79B
Deferred Domestic Taxes	115M	-1.03B	1.07B	3.32B	-740M
Deferred Foreign Taxes	65M	719M	-986M	-2.38B	-786M
Total Deferred Taxes	180M	-307M	86M	946M	-1.53B
Normalized Net Income	12.76B	8.62B	12.96B	15.78B	14.03B
Interest Capitalized	68M	65M	77M	178M	507M
Interest on Long-Term Debt	298M	281M	254M	346M	740M
Non-Cash Pension Expense	639M	368M	351M	568M	993M
Supplemental Operating Expense Items
Selling and Marketing Expenses	19.71B	17.27B	18.07B	18.79B	20.31B
General and Administrative Expenses	7.52B	7.15B	7.93B	9.07B	10.01B
Research And Development Expense From Footnotes	13.2B	12.06B	12.79B	14.33B	15.82B
Net Rental Expense, Total	604M	552M	515M	518M	577M
Imputed Operating Lease Interest Expense	587M	626M	388M	110M	948M
Imputed Operating Lease Depreciation	17.07M	-74.24M	127M	408M	-371M
Maintenance & Repair Expenses, Total	56M	55M	64M	69M	85M
Stock-Based Comp., Other (Total)	19.61M	6.57M	24.11M	16.48M	19.06M
Total Stock-Based Compensation	19.61M	6.57M	24.11M	16.48M	19.06M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	19.68B	24.22B	25.49B	23.04B	28.7B
Short Term Investments	17.5B	17.5B	17.67B	32.87B	22.21B
Total Cash And Short Term Investments	37.18B	41.73B	43.16B	55.9B	50.91B
Accounts Receivable, Total	17.94B	16.24B	15.52B	18.58B	21.85B
Other Receivables	8.46B	8.57B	9.09B	9.63B	10.45B
Notes Receivable	6.64B	6.42B	6.17B	6.84B	8.97B
Total Receivables	33.04B	31.23B	30.79B	35.05B	41.27B
Inventory	41.9B	39.06B	40.36B	48.77B	48.69B
Finance Division Loans and Leases Current	58.62B	58.01B	56.5B	61.55B	66.38B
Finance Division Other Current Assets, Total	14.31B	18.11B	22.45B	13.98B	24.32B
Other Current Assets, Total	2.42B	6.81B	7.08B	9.06B	8.07B
Total Current Assets	187B	195B	200B	224B	240B
Net Property Plant And Equipment	67.13B	64.32B	65B	64.19B	66.3B
Long-term Investments	10.72B	11.94B	15.53B	16.16B	16.67B
Other Intangibles, Total	66.01B	67.78B	77.29B	82.85B	88.5B
Finance Division Loans and Leases Long-Term	-	82.56B	84.95B	86.94B	94.47B
Finance Division Other Long-Term Assets, Total	48.17B	50.44B	58.79B	59.48B	65.28B
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	3.28B	3.57B	4.54B	5.25B	6.2B
Deferred Tax Assets Long-Term	13.11B	13.49B	13.39B	12.92B	13.94B
Other Long-Term Assets, Total	92.2B	8.07B	8.76B	12.68B	9.33B
Total Assets	488B	497B	529B	565B	600B
Liabilities
Accounts Payable, Total	19.6B	19.54B	20.98B	26.11B	26.84B
Accrued Expenses, Total	14.3B	13.4B	15.29B	17.35B	17.6B
Finance Division Debt Current	87.91B	88.65B	78.58B	83.45B	110B
Finance Division Other Current Liabilities, Total	3.14B	3.14B	2.65B	2.64B	4.06B
Current Income Taxes Payable	408M	340M	614M	726M	556M
Unearned Revenue Current, Total	7.47B	7.48B	8.65B	9.58B	10.45B
Other Current Liabilities	35.08B	32.86B	37.63B	43.14B	35.89B
Total Current Liabilities	168B	165B	164B	183B	206B
Long-Term Debt	17.59B	15.64B	24.64B	21.87B	18.05B
Finance Division Debt Non Current	95.96B	99.17B	107B	99.87B	104B
Finance Division Other Non Current Liabilities, Total	759M	874M	781M	449M	498M
Unearned Revenue Non Current	5.2B	5.54B	5.79B	6.3B	7B
Pension & Other Post Retirement Benefits	40.63B	44.21B	40.77B	27.1B	29.17B
Deferred Tax Liability Non Current	5.01B	4.89B	5.13B	10.73B	9.78B
Other Non Current Liabilities	31.34B	32.6B	33.97B	37.13B	35.78B
Total Liabilities	364B	368B	382B	386B	410B
Common Stock, Total	1.28B	1.28B	1.28B	1.28B	1.28B
Additional Paid In Capital	14.55B	14.55B	14.55B	14.55B	14.55B
Retained Earnings	96.93B	101B	117B	137B	148B
Comprehensive Income and Other	9.02B	10.44B	11.27B	12.28B	12.03B
Total Common Equity	122B	127B	144B	165B	176B
Minority Interest	1.87B	1.73B	1.7B	12.95B	14.22B
Total Equity	124B	129B	146B	178B	190B
Total Liabilities And Equity	488B	497B	529B	565B	600B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	501M	501M	501M	501M	501M
ECS Total Common Shares Outstanding	501M	501M	501M	501M	501M
Book Value / Share	217.67	222.1	259.35	301.73	320.25
Tangible Book Value	55.57B	59.08B	66.76B	82.14B	86.58B
Tangible Book Value Per Share	85.59	86.51	104.37	135.68	142.49
Total Debt	201B	203B	210B	205B	233B
Net Debt	164B	162B	167B	149B	182B
Debt Equivalent of Unfunded Proj. Benefit Obligation	41.32B	45.04B	41.27B	27.29B	29.44B
Debt Equivalent Oper. Leases	4.83B	4.42B	4.12B	4.14B	4.62B
Minority Interest, Total (Incl. Fin. Div)	1.87B	1.73B	1.7B	12.95B	14.22B
Equity Method Investments, Total	8.17B	10.08B	12.53B	12.67B	12.24B
Account Code - Inventory Valuation	6	6	6	6	6
Full Time Employees	671K	663K	673K	676K	684K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	13.89B	8.87B	15.38B	15.44B	23.19B
Depreciation & Amortization - CF	11.57B	11.82B	11.85B	11.79B	10.12B
Amortization of Goodwill and Intangible Assets - (CF)	683M	736M	842M	1.11B	1.3B
Depreciation & Amortization, Total	12.25B	12.56B	12.69B	12.91B	11.42B
Amortization of Deferred Charges, Total - (CF)	12.09B	13.85B	14.39B	15.12B	15.84B
(Gain) Loss From Sale Of Asset	-4M	-889M	180M	30M	208M
(Gain) Loss on Sale of Investments - (CF)	300M	454M	137M	2.18B	717M
Asset Writedown & Restructuring Costs	-208M	210M	255M	457M	312M
(Income) Loss On Equity Investments - (CF)	460M	536M	787M	575M	271M
Other Operating Activities, Total	826M	-1.42B	-1.13B	1.64B	-3.76B
Change In Accounts Receivable	-893M	712M	1.89B	-3.21B	-4.36B
Change In Inventories	-674M	1.33B	2.11B	-8.38B	-2.07B
Change In Accounts Payable	2.3B	540M	1.86B	8.59B	5.27B
Change in Other Net Operating Assets	-22.35B	-11.85B	-9.92B	-16.86B	-27.68B
Cash from Operations	17.98B	24.9B	38.63B	28.5B	19.36B
Capital Expenditure	-14.23B	-11.27B	-10.66B	-12.95B	-14.65B
Sale of Property, Plant, and Equipment	237M	411M	469M	437M	501M
Cash Acquisitions	-673M	26M	-3.16B	-1.12B	-675M
Divestitures	3M	402M	-304M	372M	-63M
Sale (Purchase) of Intangible assets	-5.17B	-6.47B	-7.84B	-9.72B	-11.14B
Investment in Marketable and Equity Securities, Total	144M	-5.93B	-3.97B	-17.35B	9.27B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.46B	143M	-667M	-1.48B	-3.05B
Other Investing Activities, Total	-	1M	-	-1M	1M
Cash from Investing	-21.15B	-22.69B	-26.13B	-41.82B	-19.81B
Long-Term Debt Issued, Total	25.92B	28.76B	32.66B	23.88B	60.52B
Total Debt Issued	25.92B	28.76B	32.66B	23.88B	60.52B
Long-Term Debt Repaid, Total	-25.25B	-20.92B	-35.73B	-31.25B	-33.77B
Total Debt Repaid	-25.25B	-20.92B	-35.73B	-31.25B	-33.77B
Issuance of Common Stock	-	2.98B	-	-	1B
Repurchase of Common Stock	-	-	-1.07B	-235M	-
Common Dividends Paid	-2.89B	-2.89B	-2.99B	-4.36B	-11.73B
Common & Preferred Stock Dividends Paid	-2.89B	-2.89B	-2.99B	-4.36B	-11.73B
Other Financing Activities, Total	1.36B	-299M	-617M	16.2B	-7M
Cash from Financing	-865M	7.64B	-7.75B	4.22B	16.01B
Foreign Exchange Rate Adjustments	243M	-745M	942M	-285M	-1.76B
Miscellaneous Cash Flow Adjustments	1M	-	-2M	1M	-4M
Net Change in Cash	-3.78B	9.1B	5.69B	-9.38B	13.78B
Supplemental Items
Cash Interest Paid	2.6B	2.68B	2.47B	3.27B	7.01B
Cash Income Tax Paid (Refund)	2.91B	2.65B	4.22B	4.42B	7.72B
Levered Free Cash Flow	6.98B	12.99B	14.98B	26.9B	17.29B
Unlevered Free Cash Flow	8.15B	14.42B	16.12B	27.17B	19.54B
Change In Net Working Capital	8.36B	1.5B	4.98B	-7.38B	-2.67B
Net Debt Issued / Repaid	666M	7.84B	-3.07B	-7.38B	26.74B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.44	1.47	2.44	2.64	2.64
Return on Total Capital	3.64	2.21	3.63	3.9	3.82
Return On Equity %	11.64	6.99	11.22	9.76	9.74
Return on Common Equity	11.17	6.7	10.93	9.6	9.39
Margin Analysis
Gross Profit Margin %	18.3	16.46	17.79	17.73	18.2
SG&A Margin	11.04