Balance Sheet Ceconomy AG

Equities

CEC

DE0007257503

Computer & Electronics Retailers

Market Closed - Xetra Other stock markets 09:05:07 06/09/2024 pm IST			5-day change	1st Jan Change
2.556 ^EUR	-1.62%		-3.69%	+3.23%

03/09	Sales of classic consumer electronics shrink	DP
28/08	Metro AG acquired Caterite Food and Wineservice Limited from Keith Anthony Graham.	CI

7d913425fa7fc60d533.8tF7dXmDaNEpqBpSbpyVUQL5MSZYWC-Y55j330GCyfk.y5UOJz6xIYli_S82DNHnG0-bX3QSPVj-t8eR7zbYq52nox9BCvQn6FrJbQ

Published financial data: CECONOMY AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	21.46B	20.83B	21.36B	21.77B	22.24B
Total Revenues	21.46B	20.83B	21.36B	21.77B	22.24B
Cost of Goods Sold, Total	17.31B	17.05B	17.7B	17.96B	18.3B
Gross Profit	4.15B	3.78B	3.66B	3.81B	3.94B
Selling General & Admin Expenses, Total	4.11B	3.73B	3.68B	3.89B	3.96B
Provision for Bad Debts	-	-	5M	5M	16M
Other Operating Expenses	-176M	-176M	-151M	-238M	-219M
Other Operating Expenses, Total	3.94B	3.55B	3.54B	3.66B	3.75B
Operating Income	211M	227M	117M	148M	185M
Interest Expense, Total	-30M	-56M	-62M	-71M	-155M
Interest And Investment Income	72M	29M	62M	37M	64M
Net Interest Expenses	42M	-27M	0	-34M	-91M
Income (Loss) On Equity Invest.	22M	-267M	154M	-30M	-132M
Currency Exchange Gains (Loss)	-9M	-5M	-8M	-25M	12M
Other Non Operating Income (Expenses)	-12M	-9M	-18M	3M	58M
EBT, Excl. Unusual Items	254M	-81M	245M	62M	32M
Impairment of Goodwill	-1M	-	-	-	-
Gain (Loss) On Sale Of Investments	-9M	-10M	-	-	-
Gain (Loss) On Sale Of Assets	-3M	-13M	1M	4M	22M
Asset Writedown	-17M	-49M	-38M	-22M	-96M
Other Unusual Items	11M	28M	88M	5M	-
EBT, Incl. Unusual Items	235M	-125M	296M	49M	-42M
Income Tax Expense	77M	93M	53M	-81M	-5M
Earnings From Continuing Operations	158M	-218M	243M	130M	-37M
Earnings Of Discontinued Operations	1M	5M	10M	-	-
Net Income to Company	159M	-213M	253M	130M	-37M
Minority Interest	-37M	-19M	-21M	-4M	-2M
Net Income - (IS)	122M	-232M	232M	126M	-39M
Net Income to Common Incl Extra Items	122M	-232M	232M	126M	-39M
Net Income to Common Excl. Extra Items	121M	-237M	222M	126M	-39M
Per Share Items
Net EPS - Basic	0.34	-0.65	0.65	0.31	-0.08
Basic EPS - Continuing Operations	0.34	-0.66	0.62	0.31	-0.08
Basic Weighted Average Shares Outstanding	359M	359M	359M	401M	485M
Net EPS - Diluted	0.34	-0.65	0.65	0.31	-0.08
Diluted EPS - Continuing Operations	0.34	-0.66	0.62	0.31	-0.08
Diluted Weighted Average Shares Outstanding	359M	359M	359M	409M	485M
Normalized Basic EPS	0.34	-0.19	0.37	0.09	0.04
Normalized Diluted EPS	0.34	-0.19	0.37	0.08	0.04
Dividend Per Share	-	-	0.17	-	-
Payout Ratio	-	-	9.05	32.54	-7.69
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	433M	404M	310M	321M	349M
EBITA	242M	227M	142M	170M	213M
EBIT	211M	227M	117M	148M	185M
EBITDAR	1.04B	432M	338M	359M	399M
Effective Tax Rate - (Ratio)	32.77	-74.4	17.91	-165.31	11.9
Current Domestic Taxes	49M	82M	18M	11M	9M
Current Foreign Taxes	35M	29M	54M	46M	39M
Total Current Taxes	84M	111M	72M	57M	48M
Deferred Domestic Taxes	-16M	-6M	-12M	-147M	-51M
Deferred Foreign Taxes	9M	-13M	-7M	9M	-3M
Total Deferred Taxes	-7M	-19M	-19M	-138M	-54M
Normalized Net Income	122M	-69.62M	132M	34.75M	18M
Interest on Long-Term Debt	1M	19M	21M	22M	47M
Non-Cash Pension Expense	10M	4M	4M	4M	12M
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.44B	3.19B	3.14B	3.28B	3.32B
General and Administrative Expenses	658M	534M	540M	610M	638M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	612M	28M	28M	38M	50M
Imputed Operating Lease Interest Expense	396M	9.21M	5.25M	7.66M	23.15M
Imputed Operating Lease Depreciation	216M	18.79M	22.75M	30.34M	26.85M
Stock-Based Comp., Other (Total)	170K	100K	200K	100K	900K
Total Stock-Based Compensation	170K	100K	200K	100K	900K

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.13B	1.48B	1.58B	769M	897M
Short Term Investments	65M	-	175M	-	-
Total Cash And Short Term Investments	1.2B	1.48B	1.76B	769M	897M
Accounts Receivable, Total	506M	488M	361M	440M	490M
Other Receivables	1.5B	1.47B	1.38B	1.54B	1.49B
Total Receivables	2.01B	1.96B	1.74B	1.98B	1.98B
Inventory	2.55B	2.95B	3.11B	3.18B	2.92B
Prepaid Expenses	53M	51M	54M	59M	53M
Other Current Assets, Total	63M	154M	105M	145M	128M
Total Current Assets	5.87B	6.6B	6.76B	6.13B	5.98B
Gross Property Plant And Equipment	2.94B	5.43B	4.7B	4.67B	4.46B
Accumulated Depreciation	-2.21B	-2.84B	-2.26B	-2.3B	-2.25B
Net Property Plant And Equipment	736M	2.59B	2.44B	2.38B	2.22B
Long-term Investments	778M	546M	692M	489M	339M
Goodwill	524M	524M	524M	524M	524M
Other Intangibles, Total	115M	102M	125M	152M	165M
Loans Receivable Long-Term	-	-	13M	14M	41M
Deferred Tax Assets Long-Term	73M	84M	99M	302M	368M
Other Long-Term Assets, Total	7M	13M	10M	7M	6M
Total Assets	8.1B	10.46B	10.67B	10B	9.64B
Liabilities
Accounts Payable, Total	4.88B	5.59B	5.15B	5.05B	5.03B
Accrued Expenses, Total	531M	460M	604M	536M	501M
Current Portion of Long-Term Debt	2M	32M	242M	82M	110M
Current Portion of Leases	8M	541M	514M	507M	474M
Current Income Taxes Payable	51M	106M	110M	72M	43M
Unearned Revenue Current, Total	407M	400M	284M	236M	222M
Other Current Liabilities	400M	309M	318M	279M	299M
Total Current Liabilities	6.28B	7.44B	7.22B	6.76B	6.68B
Long-Term Debt	250M	251M	555M	730M	689M
Long-Term Leases	42M	1.6B	1.55B	1.45B	1.31B
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	574M	513M	462M	332M	316M
Deferred Tax Liability Non Current	35M	33M	29M	65M	69M
Other Non Current Liabilities	141M	76M	86M	60M	102M
Total Liabilities	7.32B	9.91B	9.91B	9.41B	9.17B
Common Stock, Total	919M	919M	919M	1.24B	1.24B
Retained Earnings	-185M	-226M	-187M	-680M	-590M
Comprehensive Income and Other	28M	-206M	-19M	30M	-187M
Total Common Equity	762M	487M	713M	590M	463M
Minority Interest	22M	61M	44M	2M	2M
Total Equity	784M	548M	757M	592M	465M
Total Liabilities And Equity	8.1B	10.46B	10.67B	10B	9.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	359M	359M	359M	485M	485M
ECS Total Common Shares Outstanding	359M	359M	359M	485M	485M
Book Value / Share	2.12	1.35	1.98	1.22	0.95
Tangible Book Value	123M	-139M	64M	-86M	-226M
Tangible Book Value Per Share	0.34	-0.39	0.18	-0.18	-0.47
Total Debt	302M	2.42B	2.86B	2.77B	2.58B
Net Debt	-895M	939M	1.11B	2B	1.69B
Debt Equivalent of Unfunded Proj. Benefit Obligation	556M	495M	432M	288M	283M
Debt Equivalent Oper. Leases	4.9B	224M	224M	304M	400M
Minority Interest, Total (Incl. Fin. Div)	22M	61M	44M	2M	2M
Equity Method Investments, Total	497M	266M	425M	388M	257M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	50M	5M	5M	5M	5M
Machinery, Total	2.88B	2.82B	2.74B	2.8B	2.76B
Full Time Employees	49.54K	46.19K	45.45K	43.74K	41.36K

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	122M	-232M	232M	126M	-39M
Depreciation & Amortization - CF	191M	753M	694M	660M	629M
Amortization of Goodwill and Intangible Assets - (CF)	31M	-	25M	22M	28M
Depreciation & Amortization, Total	222M	753M	719M	682M	657M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	3M	25M	6M	2M	67M
(Gain) Loss on Sale of Investments - (CF)	-	268M	-132M	56M	82M
Asset Writedown & Restructuring Costs	19M	50M	34M	23M	31M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	46M	58M	-7M	-273M	-109M
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-	-	-	-	-
Change in Other Net Operating Assets	-326M	244M	-402M	-397M	315M
Cash from Operations	86M	1.17B	450M	219M	1B
Capital Expenditure	-154M	-112M	-141M	-206M	-176M
Sale of Property, Plant, and Equipment	27M	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-1M	-57M
Investment in Marketable and Equity Securities, Total	244M	-157M	-141M	102M	-81M
Other Investing Activities, Total	1M	21M	19M	40M	78M
Cash from Investing	118M	-248M	-263M	-65M	-236M
Long-Term Debt Issued, Total	171M	1.45B	781M	255M	248M
Total Debt Issued	171M	1.45B	781M	255M	248M
Short Term Debt Repaid, Total	-	-	-	-	-3M
Long-Term Debt Repaid, Total	-305M	-1.94B	-798M	-841M	-742M
Total Debt Repaid	-305M	-1.94B	-798M	-841M	-745M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-8M	-1M	-132M	-
Common Dividends Paid	-	-	-21M	-41M	-3M
Common & Preferred Stock Dividends Paid	-	-	-21M	-41M	-3M
Other Financing Activities, Total	-44M	-83M	-38M	-146M	-149M
Cash from Financing	-178M	-589M	-77M	-905M	-649M
Foreign Exchange Rate Adjustments	7M	-44M	-12M	-62M	-51M
Miscellaneous Cash Flow Adjustments	-	-	-	-	13M
Net Change in Cash	33M	285M	98M	-813M	81M
Supplemental Items
Cash Interest Paid	29M	54M	62M	74M	129M
Cash Income Tax Paid (Refund)	152M	-17M	104M	134M	109M
Levered Free Cash Flow	-203M	915M	241M	-126M	711M
Unlevered Free Cash Flow	-184M	950M	279M	-81.4M	808M
Change In Net Working Capital	384M	-167M	372M	650M	-210M
Net Debt Issued / Repaid	-134M	-498M	-17M	-586M	-497M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.59	1.53	0.69	0.9	1.18
Return on Total Capital	12.04	6.99	2.22	2.65	3.61
Return On Equity %	21.81	-32.73	37.24	19.27	-7
Return on Common Equity	16.71	-37.95	37	19.34	-7.41
Margin Analysis
Gross Profit Margin %	19.33	18.14	17.12	17.49	17.71
SG&A Margin	19.17	17.9	17.25	17.88	17.79
EBITDA Margin %	2.02	1.94	1.45	1.47	1.57
EBITA Margin %	1.13	1.09	0.66	0.78	0.96
EBIT Margin %	0.98	1.09	0.55	0.68	0.83
Income From Continuing Operations Margin %	0.74	-1.05	1.14	0.6	-0.17
Net Income Margin %	0.57	-1.11	1.09	0.58	-0.18
Net Avail. For Common Margin %	0.56	-1.14	1.04	0.58	-0.18
Normalized Net Income Margin	0.57	-0.33	0.62	0.16	0.08
Levered Free Cash Flow Margin	-0.94	4.39	1.13	-0.58	3.2
Unlevered Free Cash Flow Margin	-0.86	4.56	1.31	-0.37	3.63
Asset Turnover
Asset Turnover	2.59	2.24	2.02	2.11	2.27
Fixed Assets Turnover	27.77	12.53	8.5	9.04	9.69
Receivables Turnover (Average Receivables)	36.06	44.18	50.32	54.35	47.83
Inventory Turnover (Average Inventory)	6.88	6.2	5.84