Cash flow COSCO SHIPPING Holdings Co., Ltd.

Equities

1919

CNE1000002J7

Marine Freight & Logistics

Market Closed - Hong Kong S.E. Other stock markets 01:38:32 05/09/2024 pm IST			5-day change	1st Jan Change
10.12 ^HKD	-3.07%		-5.42%	+28.92%

30/08	COSCO Shipping Holdings' H1 Attributable Profit Rises; Shanghai Shares Jump 3%	MT
30/08	Cosco Shipping Holdings Co., Ltd. Announces Ordinary Interim Dividend for the Period Ended June 30, 2024, Payable on October 25, 2024	CI

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Published financial data: COSCO SHIPPING HOLDINGS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	150B	171B	333B	391B	175B
Other Revenues, Total	-	217M	215M	252M	-
Total Revenues	150B	171B	334B	391B	175B
Cost of Goods Sold, Total	134B	147B	193B	218B	147B
Gross Profit	15.94B	24.33B	141B	173B	28.32B
Selling General & Admin Expenses, Total	9.83B	9.65B	11.51B	10.42B	7.16B
Provision for Bad Debts	35.46M	108M	181M	35.96M	-225M
R&D Expenses	277M	260M	849M	1.36B	1.05B
Other Operating Expenses	-480M	-761M	431M	1.93B	-2.13B
Other Operating Expenses, Total	9.67B	9.25B	12.97B	13.74B	5.86B
Operating Income	6.27B	15.08B	128B	159B	22.46B
Interest Expense, Total	-6.06B	-4.08B	-3.59B	-3.68B	-3.59B
Interest And Investment Income	10.83B	3.5B	3.81B	7.85B	12.22B
Net Interest Expenses	4.77B	-587M	213M	4.17B	8.63B
Currency Exchange Gains (Loss)	415M	-512M	-409M	2.98B	1.92B
Other Non Operating Income (Expenses)	-217M	-170M	-174M	-160M	-143M
EBT, Excl. Unusual Items	11.24B	13.81B	128B	166B	32.87B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	314M	-27.11M	46.09M	-56.14M	5.7M
Gain (Loss) On Sale Of Assets	37.12M	49.26M	299M	414M	107M
Asset Writedown	-62.98M	-8.91M	-68.3M	-56.69M	-13.16M
Legal Settlements	-	-	-	-	-
Other Unusual Items	117M	124M	-117M	492M	104M
EBT, Incl. Unusual Items	11.64B	13.95B	128B	167B	33.08B
Income Tax Expense	1.58B	760M	24.1B	35.76B	4.68B
Earnings From Continuing Operations	10.07B	13.19B	104B	131B	28.4B
Earnings Of Discontinued Operations	-1.49B	-	-	-	-
Net Income to Company	8.57B	13.19B	104B	131B	28.4B
Minority Interest	-1.81B	-3.26B	-14.56B	-21.74B	-4.54B
Net Income - (IS)	6.76B	9.93B	89.3B	110B	23.86B
Net Income to Common Incl Extra Items	6.76B	9.93B	89.3B	110B	23.86B
Net Income to Common Excl. Extra Items	8.26B	9.93B	89.3B	110B	23.86B
Per Share Items
Net EPS - Basic	0.43	0.62	5.59	6.83	1.48
Basic EPS - Continuing Operations	0.53	0.62	5.59	6.83	1.48
Basic Weighted Average Shares Outstanding	15.7B	15.93B	15.97B	16.05B	16.12B
Net EPS - Diluted	0.43	0.62	5.56	6.77	1.48
Diluted EPS - Continuing Operations	0.53	0.62	5.56	6.77	1.48
Diluted Weighted Average Shares Outstanding	15.7B	15.93B	16.06B	16.19B	16.12B
Normalized Basic EPS	0.33	0.34	4.09	5.12	0.99
Normalized Diluted EPS	0.33	0.34	4.07	5.08	0.99
Dividend Per Share	-	-	0.87	3.4	0.74
Payout Ratio	67.56	34.06	2.31	43.71	138.68
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	11.38B	20.73B	134B	167B	29.89B
EBITA	6.48B	15.37B	128B	160B	22.7B
EBIT	6.27B	15.08B	128B	159B	22.46B
EBITDAR	11.44B	20.83B	134B	167B	30.11B
Total Revenues (As Reported)	151B	171B	334B	391B	175B
Effective Tax Rate - (Ratio)	13.54	5.45	18.83	21.4	14.15
Total Current Taxes	1.44B	940M	18.73B	25.92B	3.74B
Total Deferred Taxes	136M	-180M	5.37B	9.84B	943M
Normalized Net Income	5.22B	5.37B	65.31B	82.2B	16.01B
Interest Capitalized	140M	21.49M	26.49M	88.94M	430M
Interest on Long-Term Debt	-	-	105M	492M	437M
Non-Cash Pension Expense	8.91M	9.2M	8.88M	-75.94M	6.94M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	16.52M
Selling and Marketing Expenses	67.61M	57.64M	66.5M	64.29M	1B
General and Administrative Expenses	9.77B	9.59B	11.43B	10.35B	6.15B
Research And Development Expense From Footnotes	277M	260M	881M	1.39B	1.08B
Net Rental Expense, Total	61.08M	106M	199M	222M	222M
Imputed Operating Lease Interest Expense	21.57M	23.82M	43.57M	61.2M	80.07M
Imputed Operating Lease Depreciation	39.52M	82.47M	156M	161M	142M
Maintenance & Repair Expenses, Total	-	-	25.03M	20.79M	22.79M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	50.33B	52.85B	178B	237B	182B
Short Term Investments	-	535M	105M	255M	5.75M
Trading Asset Securities, Total	1.07B	656M	360M	93.11M	95M
Total Cash And Short Term Investments	51.4B	54.04B	179B	237B	182B
Accounts Receivable, Total	9.01B	9.82B	12.21B	11.16B	7.09B
Other Receivables	2.85B	2.73B	2.69B	2.9B	2.83B
Notes Receivable	-	-	6.88M	181M	675M
Total Receivables	11.86B	12.54B	14.91B	14.24B	10.6B
Inventory	4.05B	3.23B	5.41B	7.02B	6.56B
Prepaid Expenses	27.92M	29.02M	37.29M	33.79M	28.07M
Other Current Assets, Total	4.96B	2.12B	3.37B	2.64B	2.89B
Total Current Assets	72.3B	71.97B	203B	261B	202B
Gross Property Plant And Equipment	188B	201B	222B	254B	265B
Accumulated Depreciation	-50.56B	-52.4B	-63.23B	-83.29B	-93.59B
Net Property Plant And Equipment	137B	149B	159B	171B	171B
Long-term Investments	34.19B	33.87B	34.73B	60.72B	69.56B
Goodwill	6.14B	5.83B	5.64B	6.1B	6.36B
Other Intangibles, Total	7.38B	6.98B	7.76B	7.68B	7.55B
Loans Receivable Long-Term	1.33B	883M	767M	665M	228M
Deferred Tax Assets Long-Term	944M	845M	722M	886M	919M
Deferred Charges Long-Term	66.72M	147M	225M	346M	512M
Other Long-Term Assets, Total	2.64B	2.35B	2.4B	3.07B	3.81B
Total Assets	262B	272B	414B	512B	462B
Liabilities
Accounts Payable, Total	21.8B	33.55B	69.1B	106B	90.41B
Accrued Expenses, Total	3.9B	4.42B	10.82B	12.39B	6.5B
Short-term Borrowings	16.25B	6.13B	1.66B	2.24B	2.42B
Current Portion of Long-Term Debt	11.1B	15.88B	12.42B	5.81B	8.12B
Current Portion of Leases	7.41B	5.79B	10.96B	12.89B	9.27B
Current Income Taxes Payable	1.05B	1.25B	8.17B	7.63B	1.15B
Unearned Revenue Current, Total	473M	1.16B	1.4B	1B	657M
Other Current Liabilities	8.44B	5.82B	6.79B	11.43B	8.84B
Total Current Liabilities	70.43B	74.01B	121B	159B	127B
Long-Term Debt	92.53B	72.96B	59.26B	34.76B	32.74B
Long-Term Leases	25.41B	39.66B	40.47B	38.03B	31.84B
Unearned Revenue Non Current	268M	359M	358M	328M	362M
Pension & Other Post Retirement Benefits	418M	441M	371M	271M	283M
Deferred Tax Liability Non Current	2.34B	1.91B	7.26B	17.37B	18.23B
Other Non Current Liabilities	1.71B	3.9B	5.77B	8.11B	8.4B
Total Liabilities	193B	193B	235B	258B	219B
Common Stock, Total	12.26B	12.26B	16.01B	16.09B	16.07B
Additional Paid In Capital	33.4B	34.49B	31.89B	30.59B	31.58B
Retained Earnings	-9.42B	-25.75M	89.25B	153B	146B
Treasury Stock	-	-	-	-	-374M
Comprehensive Income and Other	-876M	-2.81B	-4.06B	683M	2.44B
Total Common Equity	35.36B	43.91B	133B	200B	196B
Minority Interest	33.77B	34.78B	45.77B	53.14B	47.1B
Total Equity	69.13B	78.7B	179B	254B	243B
Total Liabilities And Equity	262B	272B	414B	512B	462B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.94B	15.94B	16.01B	16.09B	15.92B
ECS Total Common Shares Outstanding	15.94B	15.94B	16.01B	16.09B	15.92B
Book Value / Share	2.22	2.76	8.31	12.45	12.32
Tangible Book Value	21.84B	31.11B	120B	187B	182B
Tangible Book Value Per Share	1.37	1.95	7.47	11.59	11.45
Total Debt	153B	140B	125B	93.73B	84.39B
Net Debt	101B	86.38B	-54.03B	-143B	-98.02B
Debt Equivalent of Unfunded Proj. Benefit Obligation	336M	340M	198M	108M	94.72M
Debt Equivalent Oper. Leases	489M	850M	1.6B	1.77B	1.77B
Minority Interest, Total (Incl. Fin. Div)	33.77B	34.78B	45.77B	53.14B	47.1B
Equity Method Investments, Total	30.76B	31.35B	31.99B	58.07B	66.88B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.37B	2.52B	4.08B	5.47B	4.95B
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	45.07M	49.1M	59M	70.76M	85.49M
Inventories - Others	657M	672M	1.28B	1.49B	1.54B
Land - (BS)	-	-	-	-	-
Buildings, Total	18.05B	18.74B	21.41B	22.2B	23.92B
Machinery, Total	98.15B	99.72B	101B	110B	124B
Full Time Employees	27.18K	29.38K	30.98K	31.51K	31.65K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	321M	382M	532M	594M	372M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.76B	9.93B	89.3B	110B	23.86B
Depreciation & Amortization - CF	11.59B	11.86B	12.55B	19.84B	18.93B
Amortization of Goodwill and Intangible Assets - (CF)	207M	289M	213M	235M	234M
Depreciation & Amortization, Total	11.8B	12.15B	12.77B	20.07B	19.16B
Amortization of Deferred Charges, Total - (CF)	261M	249M	291M	331M	322M
(Gain) Loss From Sale Of Asset	-37.12M	-86.14M	-294M	-414M	-107M
(Gain) Loss on Sale of Investments - (CF)	-10.29B	-2.84B	-2.75B	-2.46B	-4.76B
Asset Writedown & Restructuring Costs	62.98M	45.79M	63.53M	56.69M	13.16M
Provision and Write-off of Bad Debts	35.46M	108M	181M	35.96M	-225M
Other Operating Activities, Total	8.79B	9.98B	20.11B	16.69B	6.87B
Change In Accounts Receivable	-12.74M	247M	-3.83B	1.26B	4.15B
Change In Inventories	44.27M	822M	-2.17B	-1.61B	453M
Change In Accounts Payable	3.56B	14.45B	51.95B	43.56B	-28B
Change In Deferred Taxes	136M	-180M	5.37B	9.84B	943M
Change in Other Net Operating Assets	94.04M	153M	-23.68M	-147M	-72.86M
Cash from Operations	21.2B	45.03B	171B	197B	22.61B
Capital Expenditure	-11.08B	-6.67B	-9.55B	-10.49B	-15.32B
Sale of Property, Plant, and Equipment	206M	203M	409M	1.06B	375M
Cash Acquisitions	-68.25M	66.56M	-905M	51.83M	-523M
Divestitures	12.26B	855M	543M	359M	-
Investment in Marketable and Equity Securities, Total	663M	-293M	-668M	-25.81B	-5.43B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	30.05M	-
Other Investing Activities, Total	2.41B	2.55B	1.63B	1.82B	2.55B
Cash from Investing	4.4B	-3.29B	-8.54B	-32.98B	-18.35B
Short Term Debt Issued, Total	301M	350M	662M	353M	273M
Long-Term Debt Issued, Total	58.76B	25.35B	7.32B	6.79B	9.7B
Total Debt Issued	59.06B	25.7B	7.98B	7.14B	9.98B
Short Term Debt Repaid, Total	-676M	-551M	-341M	-443M	-683M
Long-Term Debt Repaid, Total	-70.05B	-56.36B	-37.11B	-56.34B	-24.6B
Total Debt Repaid	-70.73B	-56.91B	-37.45B	-56.78B	-25.28B
Issuance of Common Stock	7.7B	-	242M	182M	77.66M
Repurchase of Common Stock	-37.46M	-50.36M	-	-	-1.26B
Common Dividends Paid	-4.57B	-3.38B	-2.06B	-47.91B	-33.09B
Common & Preferred Stock Dividends Paid	-4.57B	-3.38B	-2.06B	-47.91B	-33.09B
Other Financing Activities, Total	-971M	-1.6B	-3.84B	-18.01B	-10.45B
Cash from Financing	-9.54B	-36.24B	-35.13B	-115B	-60.02B
Foreign Exchange Rate Adjustments	865M	-2.64B	-1.96B	8.74B	1.26B
Net Change in Cash	16.93B	2.87B	125B	57.19B	-54.5B
Supplemental Items
Cash Income Tax Paid (Refund)	1.41B	551M	12.19B	29.1B	12.34B
Levered Free Cash Flow	-978M	26.12B	126B	149B	-11.09B
Unlevered Free Cash Flow	2.81B	28.67B	128B	152B	-8.84B
Change In Net Working Capital	2.09B	-13.52B	-44.59B	-42.08B	27.05B
Net Debt Issued / Repaid	-11.66B	-31.21B	-29.47B	-49.64B	-15.3B