WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED

Income Statement Washington H. Soul Pattinson and Company Limited

Equities

SOL

AU000000SOL3

Investment Holding Companies

Market Closed - Australian S.E. Other stock markets 07:10:12 10/09/2024 BST			5-day change	1st Jan Change
33.23 ^AUD	-0.42%		-3.40%	+1.40%

08-29	Washington H. Soul Pattison and Company Files for Singapore Listing of AU$450 Million of Bonds	MT
07-29	Washington H. Soul Pattinson and Company Limited Appoints Bruce Macdiarmid to the Board as A Non-Executive Director	CI

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

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2019	2020	2021	2022	2023
Revenues	1.62B	1.37B	1.5B	2.78B	363M
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-
Gain (Loss) on Sale of Investment, Total (Rev)	8.62M	-525K	118M	-3.48M	32.48M
Interest And Invest. Income (Rev)	-	-	-	-	263M
Other Revenues, Total	-	2.39M	2.21M	-1.4M	539M
Total Revenues	1.62B	1.37B	1.62B	2.78B	1.2B
Cost of Goods Sold, Total	967M	1.02B	885M	1.01B	234M
Gross Profit	658M	354M	737M	1.77B	963M
Selling General & Admin Expenses, Total	270M	261M	298M	206M	160M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	172M	-1.6M	4.99M	-
Other Operating Expenses	21.68M	-14.06M	7.87M	10.13M	14.42M
Other Operating Expenses, Total	292M	419M	304M	221M	174M
Operating Income	366M	-64.65M	433M	1.55B	789M
Interest Expense, Total	-27.86M	-35.47M	-35.65M	-37.38M	-20.24M
Net Interest Expenses	-27.86M	-35.47M	-35.65M	-37.38M	-20.24M
Income (Loss) On Equity Invest.	134M	1.53B	67.21M	201M	-
Currency Exchange Gains (Loss)	-	-	-	-	1.85M
Other Non Operating Income (Expenses)	571K	-	-	-	-
EBT, Excl. Unusual Items	473M	1.43B	465M	1.72B	771M
Merger & Related Restructuring Charges	-46.04M	-2.37M	-	-3.04M	-
Impairment of Goodwill	-	-17.48M	-	-985M	-
Gain (Loss) On Sale Of Investments	-34.81M	-61.64M	25.32M	-14.37M	-26.94M
Gain (Loss) On Sale Of Assets	97.3M	3.01M	3.96M	490M	-257K
Asset Writedown	-17.99M	-233M	-41.24M	52.39M	-27.28M
Insurance Settlements	3.26M	56K	5.74M	1.07M	29K
Other Unusual Items	-	-	-16.5M	-	-
EBT, Incl. Unusual Items	474M	1.12B	442M	1.26B	716M
Income Tax Expense	115M	249M	122M	765M	17.52M
Earnings From Continuing Operations	359M	874M	320M	492M	699M
Earnings Of Discontinued Operations	220K	-	-	64M	-9.13M
Net Income to Company	359M	874M	320M	556M	690M
Minority Interest	-112M	78.51M	-47.24M	-569M	1.18M
Net Income - (IS)	248M	953M	273M	-12.94M	691M
Net Income to Common Incl Extra Items	248M	953M	273M	-12.94M	691M
Net Income to Common Excl. Extra Items	248M	953M	273M	-76.94M	700M
Per Share Items
Net EPS - Basic	1.04	3.98	1.14	-0.04	2.16
Basic EPS - Continuing Operations	1.03	3.98	1.14	-0.26	2.19
Basic Weighted Average Shares Outstanding	239M	239M	239M	298M	320M
Net EPS - Diluted	1.04	3.98	1.13	-0.04	2.12
Diluted EPS - Continuing Operations	1.03	3.98	1.13	-0.26	2.15
Diluted Weighted Average Shares Outstanding	239M	239M	242M	298M	327M
Normalized Basic EPS	0.77	4.07	1.02	1.69	1.51
Normalized Diluted EPS	0.77	4.07	1.01	1.69	1.48
Dividend Per Share	0.58	0.6	0.62	0.72	0.87
Payout Ratio	55.03	14.82	53.45	-1.81K	49.12
Supplemental Items
EBITDA	528M	324M	655M	1.7B	820M
EBITA	368M	-60.39M	437M	1.56B	794M
EBIT	366M	-64.65M	433M	1.55B	789M
EBITDAR	549M	327M	657M	1.7B	821M
Effective Tax Rate - (Ratio)	24.28	22.14	27.55	60.83	2.45
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	97.88M	-	46.65M	412M	32.02M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	17.32M	-	75.19M	352M	-14.49M
Normalized Net Income	184M	975M	243M	503M	483M
Interest on Long-Term Debt	-	6.7M	6.91M	5.6M	2.43M
Supplemental Operating Expense Items
Selling and Marketing Expenses	196M	194M	226M	115M	-
General and Administrative Expenses	74.04M	67.5M	71.85M	90.42M	160M
Net Rental Expense, Total	20.66M	3.57M	1.48M	242K	822K
Imputed Operating Lease Interest Expense	20.56M	1.49M	399K	84.06K	270K
Imputed Operating Lease Depreciation	97.17K	2.08M	1.08M	158K	552K
Stock-Based Comp., Other (Total)	2.82M	2.37M	2.09M	-289K	3.09M
Total Stock-Based Compensation	2.82M	2.37M	2.09M	-289K	3.09M

Fiscal Period: July	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	125M	293M	610M	506M	312M
Short Term Investments	1.47M	51.58M	-	-	668M
Trading Asset Securities, Total	77.15M	204M	398M	573M	349M
Total Cash And Short Term Investments	204M	549M	1.01B	1.08B	1.33B
Accounts Receivable, Total	75.63M	149M	110M	60.28M	53.88M
Other Receivables	32.66M	16.28M	33.19M	16.56M	73.62M
Notes Receivable	41.39M	-	2.82M	2.96M	126M
Total Receivables	150M	165M	146M	79.8M	253M
Inventory	120M	114M	127M	58.23M	63.12M
Prepaid Expenses	12.58M	-	18.18M	3.26M	9.38M
Other Current Assets, Total	53K	74.79M	37.13M	196M	62.81M
Total Current Assets	487M	903M	1.34B	1.42B	1.72B
Gross Property Plant And Equipment	3.76B	3.95B	4.08B	399M	609M
Accumulated Depreciation	-1.07B	-1.49B	-1.71B	-108M	-159M
Net Property Plant And Equipment	2.69B	2.47B	2.37B	292M	450M
Long-term Investments	2.39B	3.68B	3.29B	7.45B	6.83B
Goodwill	29.1M	-	18.06M	65.24M	131M
Other Intangibles, Total	85.37M	117M	115M	61.57M	104M
Accounts Receivable Long-Term	-	30.03M	-	-	-
Loans Receivable Long-Term	36.2M	-	250M	241M	453M
Deferred Tax Assets Long-Term	56.67M	95.91M	30.32M	183M	-
Deferred Charges Long-Term	-	-	-	20.38M	24.39M
Other Long-Term Assets, Total	109M	84.64M	89.95M	163M	84.28M
Total Assets	5.88B	7.37B	7.5B	9.89B	9.8B
Liabilities
Accounts Payable, Total	159M	142M	113M	69.64M	105M
Accrued Expenses, Total	59.09M	47.44M	46.31M	16.99M	19.26M
Short-term Borrowings	30M	246M	293M	196M	-
Current Portion of Long-Term Debt	-	13.03M	1.83M	1.87M	222M
Current Portion of Leases	2.54M	22.22M	18.6M	9.02M	11.36M
Current Income Taxes Payable	9.23M	1.41M	56.34M	71.58M	3.43M
Unearned Revenue Current, Total	591K	829K	1.03M	26.73M	-
Other Current Liabilities	44.71M	11.41M	17.39M	10.72M	14.36M
Total Current Liabilities	305M	484M	547M	402M	375M
Long-Term Debt	365M	575M	748M	308M	126M
Long-Term Leases	5.26M	99.15M	113M	33.66M	78.1M
Pension & Other Post Retirement Benefits	8.37M	7.7M	7.96M	3.7M	3.89M
Deferred Tax Liability Non Current	422M	673M	620M	679M	471M
Other Non Current Liabilities	260M	277M	310M	2.68M	7.97M
Total Liabilities	1.37B	2.12B	2.34B	1.43B	1.06B
Common Stock, Total	43.23M	43.23M	47.18M	4.69B	4.69B
Retained Earnings	3.3B	4.13B	4.2B	3.95B	4.36B
Treasury Stock	-	-	-	-9.8M	-6.48M
Comprehensive Income and Other	174M	207M	-155M	-181M	-316M
Total Common Equity	3.52B	4.38B	4.09B	8.45B	8.72B
Minority Interest	990M	872M	1.06B	10.51M	13.14M
Total Equity	4.51B	5.26B	5.15B	8.46B	8.74B
Total Liabilities And Equity	5.88B	7.37B	7.5B	9.89B	9.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	239M	239M	239M	361M	361M
ECS Total Common Shares Outstanding	239M	239M	239M	361M	361M
Book Value / Share	14.71	18.31	17.1	23.42	24.17
Tangible Book Value	3.41B	4.27B	3.96B	8.32B	8.49B
Tangible Book Value Per Share	14.23	17.82	16.54	23.07	23.52
Total Debt	403M	956M	1.17B	548M	437M
Net Debt	199M	407M	166M	-531M	-892M
Debt Equivalent Oper. Leases	165M	28.59M	11.85M	1.94M	6.58M
Minority Interest, Total (Incl. Fin. Div)	990M	872M	1.06B	10.51M	13.14M
Equity Method Investments, Total	1.6B	915M	899M	2.64B	2.88B
Account Code - Inventory Valuation	3	3	3	3	-
Inventories - Raw Materials, Total	41.61M	-	41.41M	27.27M	37.31M
Inventories - Work In Process, Total	155K	-	17.9M	21.02M	13.67M
Inventories - Finished Goods, Total	80.96M	-	71.04M	11.31M	12.13M
Land - (BS)	180M	221M	246M	132M	143M
Buildings, Total	90.36M	95.86M	66.48M	38.24M	51.37M
Machinery, Total	1.38B	1.46B	1.53B	160M	202M
Full Time Employees	-	-	28	47	51
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: July	2019	2020	2021	2022	2023
Net Income	248M	953M	273M	-12.94M	691M
Depreciation & Amortization - CF	160M	245M	243M	151M	36.56M
Amortization of Goodwill and Intangible Assets - (CF)	2.75M	4.27M	3.52M	3.52M	4.64M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	172M	-1.65M	4.99M	-
Depreciation & Amortization, Total	162M	421M	245M	159M	41.2M
Amortization of Deferred Charges, Total - (CF)	2.01M	2.08M	2.77M	1.03M	1.89M
(Gain) Loss From Sale Of Asset	-97.3M	1.91M	-8.26M	-503M	257K
(Gain) Loss on Sale of Investments - (CF)	26.19M	-1.42B	-117M	135M	32.98M
Asset Writedown & Restructuring Costs	17.99M	251M	40.6M	932M	27.28M
Provision for Credit Losses	-	-	19.17M	3.68M	-
(Income) Loss On Equity Investments - (CF)	-75.27M	199M	-17.79M	-141M	-150M
Stock-Based Compensation (CF)	2.82M	2.37M	2.09M	-289K	-
Provision and Write-off of Bad Debts	-	-	-	-1.89M	7.96M
Net Cash From Discontinued Operations	-220K	-	-	129M	-8.64M
Other Operating Activities, Total	112M	-150M	56.89M	425M	-37.46M
Change in Trading Asset Securities	-	-	-67.19M	-140M	106M
Change In Accounts Receivable	19.72M	13.96M	-76.56M	-304M	-27.66M
Change In Inventories	-1.76M	11.37M	-13.44M	32.78M	6.17M
Change In Accounts Payable	-1.28M	-34.33M	3.56M	65.67M	23.85M
Change In Income Taxes	-71.86M	9.82M	72.63M	457M	-46.82M
Change In Deferred Taxes	16.24M	211M	84.88M	-45.61M	-
Change in Other Net Operating Assets	6.62M	-34.4M	14.16M	-564K	105M
Cash from Operations	366M	433M	515M	1.19B	774M
Capital Expenditure	-195M	-223M	-182M	-182M	-177M
Sale of Property, Plant, and Equipment	96.26M	7.51M	24.06M	28.2M	22.98M
Cash Acquisitions	-839M	-52.68M	-17.06M	-80.39M	-88.51M
Divestitures	-	-	62K	-629M	-29.18M
Sale (Purchase) of Real Estate properties	67.49M	3.39M	20.32M	-31.16M	78.16M
Investment in Marketable and Equity Securities, Total	193M	-191M	-75.21M	387M	61.92M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-27.83M	9.82M	-175M	21.64M	-323M
Other Investing Activities, Total	8M	-	-4.79M	-1.01M	50K
Cash from Investing	-697M	-446M	-409M	-486M	-455M
Long-Term Debt Issued, Total	790M	583M	620M	79.3M	130M
Total Debt Issued	790M	583M	620M	79.3M	130M
Long-Term Debt Repaid, Total	-425M	-198M	-419M	-471M	-301M
Total Debt Repaid	-425M	-198M	-419M	-471M	-301M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-23.51M	-1.22M	-4.12M	-2.59M	-3.06M
Common Dividends Paid	-136M	-141M	-146M	-235M	-339M
Common & Preferred Stock Dividends Paid	-136M	-141M	-146M	-235M	-339M
Other Financing Activities, Total	-87.8M	-62.56M	108M	-185M	-106K
Cash from Financing	117M	180M	158M	-814M	-514M
Foreign Exchange Rate Adjustments	1.28M	713K	1.58M	3.72M	252K
Net Change in Cash	-212M	168M	266M	-104M	-195M
Supplemental Items
Cash Interest Paid	12.56M	23.58M	23.94M	24.51M	17.02M
Cash Income Tax Paid (Refund)	166M	27.75M	-19.03M	64.65M	70.86M
Levered Free Cash Flow	112M	-852K	380M	878M	245M
Unlevered Free Cash Flow	128M	19.24M	400M	901M	256M
Change In Net Working Capital	71.09M	140M	-63.68M	47.21M	105M
Net Debt Issued / Repaid	365M	385M	200M	-392M	-171M