Income Statement Airbus SE

Equities

AIR

NL0000235190

Aerospace & Defense

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14/09	Boeing strike could exacerbate global jetliner shortage, experts say	RE
13/09	Avia chairman sees aircraft leasing rates staying high, boosting profits	RE

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Published financial data: AIRBUS SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.05TCr	4.99TCr	5.21TCr	5.88TCr	6.54TCr
Total Revenues	7.05TCr	4.99TCr	5.21TCr	5.88TCr	6.54TCr
Cost of Goods Sold, Total	6TCr	4.33TCr	4.29TCr	4.83TCr	5.54TCr
Gross Profit	1.05TCr	658.8Cr	923.1Cr	1.05TCr	1TCr
Selling General & Admin Expenses, Total	612.5Cr	214Cr	205.2Cr	224Cr	252.1Cr
R&D Expenses	335.8Cr	285.8Cr	274.6Cr	307.9Cr	325.7Cr
Other Operating Expenses, Total	948.3Cr	499.8Cr	479.8Cr	531.9Cr	577.8Cr
Operating Income	102.2Cr	159Cr	443.3Cr	515.2Cr	426.6Cr
Interest Expense, Total	-34Cr	-41Cr	-33Cr	-41Cr	-75Cr
Interest And Investment Income	23Cr	25Cr	16Cr	24Cr	76Cr
Net Interest Expenses	-11Cr	-16Cr	-17Cr	-17Cr	1.1Cr
Income (Loss) On Equity Invest.	30Cr	3.9Cr	4Cr	13Cr	27Cr
Currency Exchange Gains (Loss)	-6.9Cr	-2.8Cr	5.3Cr	-9.9Cr	3.7Cr
Other Non Operating Income (Expenses)	-18Cr	-45Cr	15Cr	-24Cr	19Cr
EBT, Excl. Unusual Items	96Cr	100Cr	450.5Cr	477.5Cr	476.9Cr
Restructuring Charges	-	-120Cr	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	10Cr	-	12Cr	-	-
Asset Writedown	-	-93Cr	-	-	-
Insurance Settlements	-	-	-	20Cr	-
Other Unusual Items	-	-	40Cr	10Cr	-
EBT, Incl. Unusual Items	106.4Cr	-113Cr	502.7Cr	507.5Cr	476.9Cr
Income Tax Expense	238.9Cr	3.9Cr	85Cr	94Cr	115.6Cr
Earnings From Continuing Operations	-132.5Cr	-116.9Cr	417.4Cr	413.6Cr	361.3Cr
Net Income to Company	-132.5Cr	-116.9Cr	417.4Cr	413.6Cr	361.3Cr
Minority Interest	-3.7Cr	3.6Cr	3.9Cr	11Cr	18Cr
Net Income - (IS)	-136.2Cr	-113.3Cr	421.3Cr	424.7Cr	378.9Cr
Net Income to Common Incl Extra Items	-136.2Cr	-113.3Cr	421.3Cr	424.7Cr	378.9Cr
Net Income to Common Excl. Extra Items	-136.2Cr	-113.3Cr	421.3Cr	424.7Cr	378.9Cr
Per Share Items
Net EPS - Basic	-1.75	-1.45	5.36	5.4	4.8
Basic EPS - Continuing Operations	-1.75	-1.45	5.36	5.4	4.8
Basic Weighted Average Shares Outstanding	78Cr	78Cr	79Cr	79Cr	79Cr
Net EPS - Diluted	-1.75	-1.45	5.36	5.39	4.8
Diluted EPS - Continuing Operations	-1.75	-1.45	5.36	5.39	4.8
Diluted Weighted Average Shares Outstanding	78Cr	78Cr	79Cr	79Cr	79Cr
Normalized Basic EPS	0.73	0.84	3.63	3.93	4
Normalized Diluted EPS	0.73	0.84	3.63	3.93	4
Dividend Per Share	-	-	1.5	1.8	1.8
Payout Ratio	-93.98	-	-	27.81	37.5
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	334.5Cr	395.3Cr	639.2Cr	753.4Cr	612.6Cr
EBITA	125.2Cr	182.2Cr	464.4Cr	549Cr	449.6Cr
EBIT	102.2Cr	159Cr	443.3Cr	515.2Cr	426.6Cr
Effective Tax Rate - (Ratio)	224.53	-3.45	16.97	18.5	24.24
Total Current Taxes	290.3Cr	-23Cr	35Cr	54Cr	89Cr
Total Deferred Taxes	-51Cr	27Cr	50Cr	40Cr	26Cr
Normalized Net Income	56Cr	66Cr	285.46Cr	309.54Cr	315.66Cr
Interest on Long-Term Debt	1.4Cr	2.2Cr	2.2Cr	3.1Cr	3.7Cr
Non-Cash Pension Expense	12Cr	19Cr	29Cr	49Cr	10Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	91Cr	72Cr	71Cr	79Cr	87Cr
General and Administrative Expenses	521.7Cr	142.3Cr	133.9Cr	145.2Cr	165.4Cr
Research And Development Expense From Footnotes	369.1Cr	308Cr	285.2Cr	318.9Cr	342.1Cr
Stock-Based Comp., Other (Total)	15Cr	3.2Cr	8.5Cr	13Cr	19Cr
Total Stock-Based Compensation	15Cr	3.2Cr	8.5Cr	13Cr	19Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	931.4Cr	1.44TCr	1.46TCr	1.58TCr	1.65TCr
Short Term Investments	275.1Cr	208.6Cr	185.4Cr	242.7Cr	209.6Cr
Total Cash And Short Term Investments	1.21TCr	1.65TCr	1.64TCr	1.82TCr	1.86TCr
Accounts Receivable, Total	684.1Cr	620.6Cr	644Cr	645.4Cr	654.8Cr
Other Receivables	418.4Cr	280.3Cr	253.8Cr	354Cr	339.8Cr
Notes Receivable	-	-	-	-	-
Total Receivables	1.1TCr	900.9Cr	897.8Cr	999.4Cr	994.6Cr
Inventory	3.16TCr	3.04TCr	2.85TCr	3.22TCr	3.37TCr
Prepaid Expenses	15Cr	19Cr	39Cr	16Cr	17Cr
Other Current Assets, Total	193.6Cr	227.4Cr	146.6Cr	239.5Cr	157.5Cr
Total Current Assets	5.67TCr	5.84TCr	5.58TCr	6.3TCr	6.4TCr
Gross Property Plant And Equipment	4.13TCr	4.19TCr	4.23TCr	4.13TCr	4.27TCr
Accumulated Depreciation	-2.4TCr	-2.52TCr	-2.57TCr	-2.48TCr	-2.55TCr
Net Property Plant And Equipment	1.73TCr	1.67TCr	1.65TCr	1.65TCr	1.72TCr
Long-term Investments	1.71TCr	1.08TCr	1.25TCr	1.23TCr	1.45TCr
Goodwill	1.3TCr	1.3TCr	1.3TCr	1.32TCr	1.31TCr
Other Intangibles, Total	211.2Cr	194.2Cr	205.3Cr	212.1Cr	208.2Cr
Accounts Receivable Long-Term	9.1Cr	4.8Cr	2.7Cr	2.6Cr	2.6Cr
Deferred Tax Assets Long-Term	500.8Cr	402.3Cr	432.3Cr	468.3Cr	344.8Cr
Deferred Charges Long-Term	181.1Cr	154Cr	158.7Cr	181.9Cr	217.4Cr
Other Long-Term Assets, Total	120.6Cr	368.6Cr	122.6Cr	235.3Cr	234.3Cr
Total Assets	11TCr	11TCr	11TCr	12TCr	12TCr
Liabilities
Accounts Payable, Total	1.5TCr	885.2Cr	987.3Cr	1.34TCr	1.45TCr
Accrued Expenses, Total	61Cr	75Cr	77Cr	108.2Cr	74Cr
Current Portion of Long-Term Debt	169.7Cr	275.3Cr	170.1Cr	190Cr	316.8Cr
Current Portion of Leases	26Cr	26Cr	24Cr	24Cr	22Cr
Current Income Taxes Payable	278Cr	131.1Cr	105.7Cr	82Cr	74Cr
Unearned Revenue Current, Total	2.7TCr	2.53TCr	2.45TCr	2.44TCr	2.5TCr
Other Current Liabilities	1.51TCr	1.06TCr	962.3Cr	1.07TCr	938.8Cr
Total Current Liabilities	6.24TCr	4.98TCr	4.78TCr	5.26TCr	5.38TCr
Long-Term Debt	689.1Cr	1.25TCr	1.16TCr	913.9Cr	880.6Cr
Long-Term Leases	129.8Cr	153.8Cr	149.1Cr	149.2Cr	139.6Cr
Unearned Revenue Non Current	1.7TCr	1.92TCr	1.86TCr	2.21TCr	2.4TCr
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	40Cr	45Cr	12Cr	16Cr	36Cr
Other Non Current Liabilities	2.04TCr	2.01TCr	1.79TCr	1.75TCr	1.28TCr
Total Liabilities	11TCr	10TCr	9.76TCr	10TCr	10TCr
Common Stock, Total	78Cr	78Cr	79Cr	79Cr	79Cr
Additional Paid In Capital	355.5Cr	359.9Cr	371.2Cr	383.7Cr	398.3Cr
Retained Earnings	224.1Cr	25Cr	683.4Cr	1.34TCr	1.56TCr
Treasury Stock	-8.2Cr	-4.2Cr	-4.5Cr	-6.8Cr	-39Cr
Comprehensive Income and Other	-52Cr	185.3Cr	-182.2Cr	-501.6Cr	-230.5Cr
Total Common Equity	597.5Cr	644.5Cr	946.6Cr	1.3TCr	1.77TCr
Minority Interest	1.5Cr	1.1Cr	2Cr	3.2Cr	3.5Cr
Total Equity	599Cr	645.6Cr	948.6Cr	1.3TCr	1.77TCr
Total Liabilities And Equity	11TCr	11TCr	11TCr	12TCr	12TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78Cr	78Cr	79Cr	79Cr	79Cr
ECS Total Common Shares Outstanding	78Cr	78Cr	79Cr	79Cr	79Cr
Book Value / Share	7.64	8.22	12.05	16.44	22.47
Tangible Book Value	-915.6Cr	-849.6Cr	-561.5Cr	-233.6Cr	247.2Cr
Tangible Book Value Per Share	-11.7	-10.84	-7.15	-2.97	3.14
Total Debt	1.01TCr	1.71TCr	1.5TCr	1.28TCr	1.36TCr
Net Debt	-191.7Cr	57Cr	-138.6Cr	-547.7Cr	-497.4Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	835.2Cr	998Cr	707.2Cr	286.7Cr	234.2Cr
Minority Interest, Total (Incl. Fin. Div)	1.5Cr	1.1Cr	2Cr	3.2Cr	3.5Cr
Equity Method Investments, Total	162.6Cr	157.8Cr	167.2Cr	206.7Cr	222.8Cr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	386Cr	393.4Cr	377.3Cr	438.7Cr	502.5Cr
Inventories - Work In Process, Total	2.26TCr	2.12TCr	1.96TCr	2.05TCr	2.06TCr
Inventories - Finished Goods, Total	472.9Cr	591.9Cr	535.6Cr	521.8Cr	516.9Cr
Inventories - Others	370.4Cr	317.3Cr	349.1Cr	511.4Cr	606.1Cr
Land - (BS)	987.9Cr	976.7Cr	1.03TCr	1.05TCr	1.09TCr
Machinery, Total	2.69TCr	2.73TCr	2.76TCr	2.59TCr	2.64TCr
Full Time Employees	1L	1L	1L	1L	1L
Part Time Employees	-	-	5.44T	5.37T	5.77T
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	40Cr	31Cr	36Cr	38Cr	36Cr
Order Backlog	47TCr	37TCr	40TCr	45TCr	55TCr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-136.2Cr	-113.3Cr	421.3Cr	424.7Cr	378.9Cr
Depreciation & Amortization - CF	236.4Cr	237.7Cr	200.8Cr	226.8Cr	184.8Cr
Amortization of Goodwill and Intangible Assets - (CF)	23Cr	23Cr	21Cr	34Cr	23Cr
Depreciation & Amortization, Total	259.4Cr	260.9Cr	221.9Cr	260.6Cr	207.8Cr
Amortization of Deferred Charges, Total - (CF)	33Cr	22Cr	11Cr	11Cr	16Cr
Minority Interest in Earnings - (CF)	3.7Cr	-3.6Cr	-3.9Cr	-11Cr	-18Cr
(Gain) Loss From Sale Of Asset	-7.7Cr	90L	-12Cr	2.5Cr	6.4Cr
Asset Writedown & Restructuring Costs	60Cr	9.5Cr	-86Cr	-57Cr	-54Cr
(Income) Loss On Equity Investments - (CF)	-30Cr	-3.9Cr	-4Cr	-13Cr	-27Cr
Other Operating Activities, Total	-29Cr	109Cr	-190.8Cr	-130.8Cr	-6.1Cr
Change In Accounts Receivable	132.6Cr	119.9Cr	-194.7Cr	318.5Cr	253.5Cr
Change In Inventories	12Cr	15Cr	240.5Cr	-321.8Cr	-185.4Cr
Change In Accounts Payable	-162.5Cr	-552.3Cr	19Cr	330.9Cr	142.1Cr
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	239.8Cr	-406.5Cr	42Cr	-185.5Cr	-90Cr
Cash from Operations	375.3Cr	-542Cr	463.9Cr	628.8Cr	625.5Cr
Capital Expenditure	-234Cr	-175.9Cr	-192.8Cr	-246.4Cr	-305.1Cr
Sale of Property, Plant, and Equipment	11Cr	23Cr	21Cr	10Cr	7.5Cr
Cash Acquisitions	80L	-48Cr	-2.5Cr	-19Cr	-6.5Cr
Divestitures	14Cr	-	31Cr	-	-
Investment in Marketable and Equity Securities, Total	-99Cr	614.6Cr	-128.8Cr	-66Cr	-123.7Cr
Other Investing Activities, Total	21Cr	-80L	-	10Cr	15Cr
Cash from Investing	-286.4Cr	412.6Cr	-271.9Cr	-311.3Cr	-412.8Cr
Long-Term Debt Issued, Total	40Cr	710.2Cr	-	17Cr	25Cr
Total Debt Issued	40Cr	710.2Cr	-	17Cr	25Cr
Long-Term Debt Repaid, Total	-56Cr	-44Cr	-229.5Cr	-134.8Cr	-5.2Cr
Total Debt Repaid	-56Cr	-44Cr	-229.5Cr	-134.8Cr	-5.2Cr
Issuance of Common Stock	19Cr	8.9Cr	14Cr	14Cr	15Cr
Repurchase of Common Stock	-3.1Cr	-40L	-2.2Cr	-3.6Cr	-33Cr
Common Dividends Paid	-128Cr	-	-	-118.1Cr	-142.1Cr
Common & Preferred Stock Dividends Paid	-128Cr	-	-	-118.1Cr	-142.1Cr
Other Financing Activities, Total	32Cr	9.1Cr	-	13Cr	14Cr
Cash from Financing	-96Cr	683.3Cr	-217.9Cr	-211.5Cr	-127.6Cr
Foreign Exchange Rate Adjustments	-4.5Cr	-41Cr	39Cr	19Cr	-20Cr
Net Change in Cash	-11Cr	512.5Cr	13Cr	125.1Cr	65Cr
Supplemental Items
Cash Interest Paid	19Cr	20Cr	33Cr	32Cr	61Cr
Cash Income Tax Paid (Refund)	147.6Cr	-7.9Cr	32Cr	79Cr	54Cr
Levered Free Cash Flow	419.89Cr	-903.31Cr	494.79Cr	245.35Cr	80Cr
Unlevered Free Cash Flow	441.08Cr	-877.62Cr	515.66Cr	271.1Cr	127.12Cr
Change In Net Working Capital	-303.4Cr	1.09TCr	-190.4Cr	89Cr	78Cr
Net Debt Issued / Repaid	-16Cr	665.7Cr	-229.5Cr	-117.7Cr	20Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.56	0.89	2.55	2.89	2.27
Return on Total Capital	3.67	5.01	11.53	12.81	9.34
Return On Equity %	-16.87	-18.79	52.36	36.82	23.53
Return on Common Equity	-17.35	-18.24	52.96	37.89	24.73
Margin Analysis
Gross Profit Margin %	14.91	13.2	17.7	17.82	15.35
SG&A Margin	8.69	4.29	3.93	3.81	3.85
EBITDA Margin %	4.75	7.92	12.26	12.82	9.36
EBITA Margin %	1.78	3.65	8.91	9.34	6.87
EBIT Margin %	1.45	3.19	8.5	8.77	6.52
Income From Continuing Operations Margin %	-1.88	-2.34	8	7.04	5.52
Net Income Margin %	-1.93	-2.27	8.08	7.23	5.79
Net Avail. For Common Margin %	-1.93	-2.27	8.08	7.23	5.79
Normalized Net Income Margin	0.8	1.32	5.47	5.27	4.82
Levered Free Cash Flow Margin	5.96	-18.1	9.49	4.18	1.22
Unlevered Free Cash Flow Margin	6.26	-17.58	9.89	4.61	1.94
Asset Turnover
Asset Turnover	0.61	0.44	0.48