WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED

Balance Sheet Washington H. Soul Pattinson and Company Limited

Equities

SOL

AU000000SOL3

Investment Holding Companies

Market Closed - Australian S.E. Other stock markets 05:10:54 13/12/2024 GMT			5-day change	1st Jan Change
34.80 ^AUD	-0.20%		-1.25%	+6.19%

11-22	Washington H. Soul Pattinson and Company Limited - Shareholder/Analyst Call
09-26	Washington H. Soul Pattinson and Company Limited, 2024 Earnings Call, Sep 26, 2024

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Published financial data: WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2020	2021	2022	2023	2024
Revenues	1.37B	1.5B	2.78B	363M	558M
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-
Gain (Loss) on Sale of Investment, Total (Rev)	-525K	118M	-3.48M	32.48M	209M
Interest And Invest. Income (Rev)	-	-	-	263M	268M
Other Revenues, Total	2.39M	2.21M	-1.4M	539M	112M
Total Revenues	1.37B	1.62B	2.78B	1.2B	1.15B
Cost of Goods Sold, Total	1.02B	885M	1.01B	234M	403M
Gross Profit	354M	737M	1.77B	963M	744M
Selling General & Admin Expenses, Total	261M	298M	206M	160M	240M
Impairment of Oil, Gas & Mineral Properties - (IS)	172M	-1.6M	4.99M	-	-
Other Operating Expenses	-14.06M	7.87M	10.13M	14.42M	23.8M
Other Operating Expenses, Total	419M	304M	221M	174M	264M
Operating Income	-64.65M	433M	1.55B	789M	480M
Interest Expense, Total	-35.47M	-35.65M	-37.38M	-20.24M	-36.6M
Net Interest Expenses	-35.47M	-35.65M	-37.38M	-20.24M	-36.6M
Income (Loss) On Equity Invest.	1.53B	67.21M	201M	-	-
Currency Exchange Gains (Loss)	-	-	-	1.85M	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	1.43B	465M	1.72B	771M	443M
Merger & Related Restructuring Charges	-2.37M	-	-3.04M	-	-
Impairment of Goodwill	-17.48M	-	-985M	-	-
Gain (Loss) On Sale Of Investments	-61.64M	25.32M	-14.37M	-26.94M	-28.1M
Gain (Loss) On Sale Of Assets	3.01M	3.96M	490M	-257K	200K
Asset Writedown	-233M	-41.24M	52.39M	-27.28M	20.2M
Insurance Settlements	56K	5.74M	1.07M	29K	-
Other Unusual Items	-	-16.5M	-	-	34.9M
EBT, Incl. Unusual Items	1.12B	442M	1.26B	716M	471M
Income Tax Expense	249M	122M	765M	17.52M	-25.5M
Earnings From Continuing Operations	874M	320M	492M	699M	496M
Earnings Of Discontinued Operations	-	-	64M	-9.13M	-
Net Income to Company	874M	320M	556M	690M	496M
Minority Interest	78.51M	-47.24M	-569M	1.18M	2.7M
Net Income - (IS)	953M	273M	-12.94M	691M	499M
Net Income to Common Incl Extra Items	953M	273M	-12.94M	691M	499M
Net Income to Common Excl. Extra Items	953M	273M	-76.94M	700M	499M
Per Share Items
Net EPS - Basic	3.98	1.14	-0.04	2.16	1.56
Basic EPS - Continuing Operations	3.98	1.14	-0.26	2.19	1.56
Basic Weighted Average Shares Outstanding	239M	239M	298M	320M	320M
Net EPS - Diluted	3.98	1.13	-0.04	2.12	1.53
Diluted EPS - Continuing Operations	3.98	1.13	-0.26	2.15	1.53
Diluted Weighted Average Shares Outstanding	239M	242M	298M	327M	327M
Normalized Basic EPS	4.07	1.02	1.69	1.51	0.87
Normalized Diluted EPS	4.07	1.01	1.69	1.48	0.86
Dividend Per Share	0.6	0.62	0.72	0.87	0.95
Payout Ratio	14.82	53.45	-1.81K	49.12	65.86
Supplemental Items
EBITDA	324M	655M	1.7B	820M	523M
EBITA	-60.39M	437M	1.56B	794M	482M
EBIT	-64.65M	433M	1.55B	789M	480M
EBITDAR	327M	657M	1.7B	821M	-
Effective Tax Rate - (Ratio)	22.14	27.55	60.83	2.45	-5.42
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	46.65M	412M	32.02M	68.4M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	75.19M	352M	-14.49M	-93.9M
Normalized Net Income	975M	243M	503M	483M	280M
Interest on Long-Term Debt	6.7M	6.91M	5.6M	2.43M	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	194M	226M	115M	-	-
General and Administrative Expenses	67.5M	71.85M	90.42M	160M	240M
Net Rental Expense, Total	3.57M	1.48M	242K	822K	-
Imputed Operating Lease Interest Expense	1.49M	399K	84.06K	270K	-
Imputed Operating Lease Depreciation	2.08M	1.08M	158K	552K	-
Stock-Based Comp., Other (Total)	2.37M	2.09M	-289K	3.09M	7.5M
Total Stock-Based Compensation	2.37M	2.09M	-289K	3.09M	7.5M

Fiscal Period: July	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	293M	610M	506M	312M	261M
Short Term Investments	51.58M	-	-	668M	100K
Trading Asset Securities, Total	204M	398M	573M	349M	482M
Total Cash And Short Term Investments	549M	1.01B	1.08B	1.33B	744M
Accounts Receivable, Total	149M	110M	60.28M	53.88M	196M
Other Receivables	16.28M	33.19M	16.56M	73.62M	-
Notes Receivable	-	2.82M	2.96M	126M	75.5M
Total Receivables	165M	146M	79.8M	253M	272M
Inventory	114M	127M	58.23M	63.12M	83.9M
Prepaid Expenses	-	18.18M	3.26M	9.38M	-
Other Current Assets, Total	74.79M	37.13M	196M	62.81M	60.7M
Total Current Assets	903M	1.34B	1.42B	1.72B	1.16B
Gross Property Plant And Equipment	3.95B	4.08B	399M	609M	962M
Accumulated Depreciation	-1.49B	-1.71B	-108M	-159M	-226M
Net Property Plant And Equipment	2.47B	2.37B	292M	450M	736M
Long-term Investments	3.68B	3.29B	7.45B	6.83B	7.34B
Goodwill	-	18.06M	65.24M	131M	123M
Other Intangibles, Total	117M	115M	61.57M	104M	133M
Accounts Receivable Long-Term	30.03M	-	-	-	-
Loans Receivable Long-Term	-	250M	241M	453M	840M
Deferred Tax Assets Long-Term	95.91M	30.32M	183M	-	-
Deferred Charges Long-Term	-	-	20.38M	24.39M	27.1M
Other Long-Term Assets, Total	84.64M	89.95M	163M	84.28M	38.1M
Total Assets	7.37B	7.5B	9.89B	9.8B	10.4B
Liabilities
Accounts Payable, Total	142M	113M	69.64M	105M	136M
Accrued Expenses, Total	47.44M	46.31M	16.99M	19.26M	22M
Short-term Borrowings	246M	293M	196M	-	149M
Current Portion of Long-Term Debt	13.03M	1.83M	1.87M	222M	800K
Current Portion of Leases	22.22M	18.6M	9.02M	11.36M	12.7M
Current Income Taxes Payable	1.41M	56.34M	71.58M	3.43M	21.8M
Unearned Revenue Current, Total	829K	1.03M	26.73M	-	-
Other Current Liabilities	11.41M	17.39M	10.72M	14.36M	8.3M
Total Current Liabilities	484M	547M	402M	375M	350M
Long-Term Debt	575M	748M	308M	126M	520M
Long-Term Leases	99.15M	113M	33.66M	78.1M	83.4M
Pension & Other Post Retirement Benefits	7.7M	7.96M	3.7M	3.89M	9.5M
Deferred Tax Liability Non Current	673M	620M	679M	471M	426M
Other Non Current Liabilities	277M	310M	2.68M	7.97M	9.2M
Total Liabilities	2.12B	2.34B	1.43B	1.06B	1.4B
Common Stock, Total	43.23M	47.18M	4.69B	4.69B	4.69B
Retained Earnings	4.13B	4.2B	3.95B	4.36B	4.57B
Treasury Stock	-	-	-9.8M	-6.48M	-10.2M
Comprehensive Income and Other	207M	-155M	-181M	-316M	-252M
Total Common Equity	4.38B	4.09B	8.45B	8.72B	8.99B
Minority Interest	872M	1.06B	10.51M	13.14M	9.6M
Total Equity	5.26B	5.15B	8.46B	8.74B	9B
Total Liabilities And Equity	7.37B	7.5B	9.89B	9.8B	10.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	239M	239M	361M	361M	367M
ECS Total Common Shares Outstanding	239M	239M	361M	361M	361M
Book Value / Share	18.31	17.1	23.42	24.17	24.92
Tangible Book Value	4.27B	3.96B	8.32B	8.49B	8.73B
Tangible Book Value Per Share	17.82	16.54	23.07	23.52	24.21
Total Debt	956M	1.17B	548M	437M	766M
Net Debt	407M	166M	-531M	-892M	22.4M
Debt Equivalent Oper. Leases	28.59M	11.85M	1.94M	6.58M	-
Minority Interest, Total (Incl. Fin. Div)	872M	1.06B	10.51M	13.14M	9.6M
Equity Method Investments, Total	915M	899M	2.64B	2.88B	2.75B
Account Code - Inventory Valuation	3	3	3	-	3
Inventories - Raw Materials, Total	-	41.41M	27.27M	37.31M	38.5M
Inventories - Work In Process, Total	-	17.9M	21.02M	13.67M	21.8M
Inventories - Finished Goods, Total	-	71.04M	11.31M	12.13M	23.6M
Land - (BS)	221M	246M	132M	143M	219M
Buildings, Total	95.86M	66.48M	38.24M	51.37M	115M
Machinery, Total	1.46B	1.53B	160M	202M	280M
Full Time Employees	-	28	47	51	56
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: July	2020	2021	2022	2023	2024
Net Income	953M	273M	-12.94M	691M	499M
Depreciation & Amortization - CF	245M	243M	151M	36.56M	55.4M
Amortization of Goodwill and Intangible Assets - (CF)	4.27M	3.52M	3.52M	4.64M	2.5M
Impairment of Oil, Gas & Mineral Properties - (CF)	172M	-1.65M	4.99M	-	-
Depreciation & Amortization, Total	421M	245M	159M	41.2M	57.9M
Amortization of Deferred Charges, Total - (CF)	2.08M	2.77M	1.03M	1.89M	3.3M
(Gain) Loss From Sale Of Asset	1.91M	-8.26M	-503M	257K	-1.7M
(Gain) Loss on Sale of Investments - (CF)	-1.42B	-117M	135M	32.98M	-119M
Asset Writedown & Restructuring Costs	251M	40.6M	932M	27.28M	7.5M
Provision for Credit Losses	-	19.17M	3.68M	-	-
(Income) Loss On Equity Investments - (CF)	199M	-17.79M	-141M	-150M	126M
Stock-Based Compensation (CF)	2.37M	2.09M	-289K	-	7.5M
Provision and Write-off of Bad Debts	-	-	-1.89M	7.96M	12.4M
Net Cash From Discontinued Operations	-	-	129M	-8.64M	-
Other Operating Activities, Total	-150M	56.89M	425M	-37.46M	-73.5M
Change in Trading Asset Securities	-	-67.19M	-140M	106M	-59.1M
Change In Accounts Receivable	13.96M	-76.56M	-304M	-27.66M	-18.2M
Change In Inventories	11.37M	-13.44M	32.78M	6.17M	9.8M
Change In Accounts Payable	-34.33M	3.56M	65.67M	23.85M	29M
Change In Income Taxes	9.82M	72.63M	457M	-46.82M	-76M
Change In Deferred Taxes	211M	84.88M	-45.61M	-	-
Change in Other Net Operating Assets	-34.4M	14.16M	-564K	105M	24.1M
Cash from Operations	433M	515M	1.19B	774M	429M
Capital Expenditure	-223M	-182M	-182M	-177M	-174M
Sale of Property, Plant, and Equipment	7.51M	24.06M	28.2M	22.98M	2.2M
Cash Acquisitions	-52.68M	-17.06M	-80.39M	-88.51M	-158M
Divestitures	-	62K	-629M	-29.18M	-
Sale (Purchase) of Real Estate properties	3.39M	20.32M	-31.16M	78.16M	48.5M
Investment in Marketable and Equity Securities, Total	-191M	-75.21M	387M	61.92M	334M
Net (Increase) Decrease in Loans Originated / Sold - Investing	9.82M	-175M	21.64M	-323M	-355M
Other Investing Activities, Total	-	-4.79M	-1.01M	50K	-
Cash from Investing	-446M	-409M	-486M	-455M	-302M
Long-Term Debt Issued, Total	583M	620M	79.3M	130M	485M
Total Debt Issued	583M	620M	79.3M	130M	485M
Long-Term Debt Repaid, Total	-198M	-419M	-471M	-301M	-326M
Total Debt Repaid	-198M	-419M	-471M	-301M	-326M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1.22M	-4.12M	-2.59M	-3.06M	-7.8M
Common Dividends Paid	-141M	-146M	-235M	-339M	-328M
Common & Preferred Stock Dividends Paid	-141M	-146M	-235M	-339M	-328M
Other Financing Activities, Total	-62.56M	108M	-185M	-106K	-800K
Cash from Financing	180M	158M	-814M	-514M	-178M
Foreign Exchange Rate Adjustments	713K	1.58M	3.72M	252K	-
Net Change in Cash	168M	266M	-104M	-195M	-50.7M
Supplemental Items
Cash Interest Paid	23.58M	23.94M	24.51M	17.02M	38.5M
Cash Income Tax Paid (Refund)	27.75M	-19.03M	64.65M	70.86M	50.2M
Levered Free Cash Flow	-852K	380M	878M	245M	190M
Unlevered Free Cash Flow	19.24M	400M	901M	256M	213M
Change In Net Working Capital	140M	-63.68M	47.21M	105M	-17.5M
Net Debt Issued / Repaid	385M	200M	-392M	-171M	159M

Fiscal Period: July	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.61	3.68	11.16	5.06	2.97
Return on Total Capital	-0.73	4.37	12.65	5.43	3.17
Return On Equity %	17.91	6.24	7.24	8.13	5.59
Return on Common Equity	24.11	6.56	-1.23	8.15	5.63
Margin Analysis
Gross Profit Margin %	25.84	45.45	63.78	80.45	64.86
SG&A Margin	19.06	18.35	7.4	13.35	20.93
EBITDA Margin %	23.62	40.39	61.13	68.51	45.64
EBITA Margin %	-4.41	26.94	55.96	66.28	42.07
EBIT Margin %	-4.72	26.72	55.84	65.89	41.86
Income From Continuing Operations Margin %	63.81	19.75	17.72	58.35	43.26
Net Income Margin %	69.54	16.84	-0.47	57.68	43.49
Net Avail. For Common Margin %	69.54	16.84	-2.77	58.45	43.49
Normalized Net Income Margin	71.17	15	18.1	40.32	24.4
Levered Free Cash Flow Margin	-0.06	23.44	31.59	20.45	16.54
Unlevered Free Cash Flow Margin	1.4	24.69	32.42	21.35	18.54
Asset Turnover
Asset Turnover	0.21	0.22	0.32	0.12	0.11
Fixed Assets Turnover