Balance Sheet Iveco Group N.V.

Equities

IVG

NL0015000LU4

Heavy Machinery & Vehicles

Real-time Borsa Italiana Other stock markets 08:56:39 12/09/2024 pm IST			5-day change	1st Jan Change
8.596 ^EUR	+1.03%		-2.10%	+5.55%

11/09	Funds operate on Saipem and Iveco Group.	AN
10/09	Funds move on Saipem and Iveco on the Mib.	AN

ffc7.w6l-4NeMOVpbgxY08pOpGCAWVpK_I3jlUaJ5kuvjn6w.kNgxkq3lCxEx93l9oOTzTlNGI_zMSRvXMvIO4b-Z3fSFzjikr_UINBDgZQ

Published financial data: IVECO GROUP N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.95B	10.41B	12.65B	14.36B	15.72B
Finance Div. Revenues	-	-	-	-	494M
Total Revenues	11.95B	10.41B	12.65B	14.36B	16.21B
Cost of Goods Sold, Total	10.3B	9.46B	10.88B	12.36B	13.22B
Finance Div. Operating Exp.	-	-	-	-	362M
Gross Profit	1.65B	955M	1.77B	2B	2.63B
Selling General & Admin Expenses, Total	755M	705M	825M	936M	940M
R&D Expenses	450M	434M	465M	458M	626M
Other Operating Expenses	-	-	168M	114M	135M
Other Operating Expenses, Total	1.2B	1.14B	1.46B	1.51B	1.7B
Operating Income	445M	-184M	312M	491M	932M
Interest Expense, Total	-103M	-81M	-95M	-172M	-274M
Interest And Investment Income	30M	24M	32M	56M	90M
Net Interest Expenses	-73M	-57M	-63M	-116M	-184M
Income (Loss) On Equity Invest.	-14M	-43M	27M	-5M	-5M
Currency Exchange Gains (Loss)	-66M	-54M	-10M	-100M	-
Other Non Operating Income (Expenses)	-63M	-110M	-42M	10M	-266M
EBT, Excl. Unusual Items	229M	-448M	224M	280M	477M
Restructuring Charges	-40M	-32M	-36M	-15M	-35M
Merger & Related Restructuring Charges	-	-	-	-	-43M
Gain (Loss) On Sale Of Investments	-	-	8M	33M	-
Gain (Loss) On Sale Of Assets	-	-	-	52M	-
Asset Writedown	-14M	-8M	-16M	-46M	-
Other Unusual Items	-	-	-	-44M	-12M
EBT, Incl. Unusual Items	175M	-488M	180M	260M	387M
Income Tax Expense	74M	-116M	104M	101M	153M
Earnings From Continuing Operations	101M	-372M	76M	159M	234M
Net Income to Company	101M	-372M	76M	159M	234M
Minority Interest	-17M	-36M	-24M	-12M	-16M
Net Income - (IS)	84M	-408M	52M	147M	218M
Net Income to Common Incl Extra Items	84M	-408M	52M	147M	218M
Net Income to Common Excl. Extra Items	84M	-408M	52M	147M	218M
Per Share Items
Net EPS - Basic	-	-	0.19	0.54	0.81
Basic EPS - Continuing Operations	-	-	0.19	0.54	0.81
Basic Weighted Average Shares Outstanding	-	-	271M	271M	269M
Net EPS - Diluted	-	-	0.19	0.54	0.8
Diluted EPS - Continuing Operations	-	-	0.19	0.54	0.8
Diluted Weighted Average Shares Outstanding	-	-	271M	272M	273M
Normalized Basic EPS	-	-	0.43	0.6	1.05
Normalized Diluted EPS	-	-	0.43	0.6	1.03
Dividend Per Share	-	-	-	-	0.22
Supplemental Items
EBITDA	731M	111M	583M	769M	1.24B
EBITA	469M	-156M	342M	525M	980M
EBIT	445M	-184M	312M	491M	932M
EBITDAR	743M	122M	592M	780M	1.25B
Total Revenues (As Reported)	11.95B	10.41B	12.65B	-	-
Effective Tax Rate - (Ratio)	42.29	23.77	57.78	38.85	39.53
Total Current Taxes	83M	61M	82M	108M	141M
Total Deferred Taxes	-5M	-152M	21M	11M	8M
Normalized Net Income	126M	-316M	116M	163M	282M
Interest Capitalized	-	-	4M	15M	25M
Interest on Long-Term Debt	6M	5M	9M	20M	33M
Non-Cash Pension Expense	-	-	1M	3M	10M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	512M	492M	481M	473M	626M
Net Rental Expense, Total	12M	11M	9M	11M	12M
Imputed Operating Lease Interest Expense	3.4M	2.48M	9.76M	18.84M	20.24M
Imputed Operating Lease Depreciation	8.6M	8.52M	-758K	-7.84M	-8.24M
Stock-Based Comp., SG&A Exp. (Total)	-	-	18M	-	-
Stock-Based Comp., Other (Total)	4M	8M	-	17M	19M
Total Stock-Based Compensation	4M	8M	18M	17M	19M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	417M	463M	897M	2.1B	2.45B
Short Term Investments	-	136M	54M	26M	43M
Total Cash And Short Term Investments	417M	599M	951M	2.13B	2.49B
Accounts Receivable, Total	485M	521M	378M	398M	383M
Other Receivables	6.75B	6.59B	6.81B	4.73B	6.21B
Total Receivables	7.23B	7.11B	7.18B	5.13B	6.59B
Inventory	2.6B	2.25B	2.65B	2.84B	2.86B
Prepaid Expenses	50M	51M	47M	58M	109M
Finance Division Other Current Assets, Total	-	-	-	198M	276M
Other Current Assets, Total	17M	34M	56M	50M	86M
Total Current Assets	10.31B	10.04B	10.89B	10.4B	12.42B
Gross Property Plant And Equipment	9.12B	9.1B	9.3B	-	-
Accumulated Depreciation	-5.73B	-5.99B	-6.19B	-	-
Net Property Plant And Equipment	3.39B	3.1B	3.11B	3.17B	3.26B
Long-term Investments	354M	546M	582M	84M	49M
Goodwill	70M	70M	70M	57M	-
Other Intangibles, Total	64M	66M	88M	1.44B	1.82B
Finance Division Other Long-Term Assets, Total	-	-	-	169M	180M
Deferred Tax Assets Long-Term	531M	681M	646M	700M	658M
Deferred Charges Long-Term	1.15B	1.09B	1.12B	-	-
Other Long-Term Assets, Total	29M	33M	51M	1M	-
Total Assets	15.9B	15.63B	16.56B	16.01B	18.38B
Liabilities
Accounts Payable, Total	3.05B	3.08B	3.13B	3.69B	3.93B
Accrued Expenses, Total	606M	595M	866M	1.02B	715M
Short-term Borrowings	-	-	-	66M	38M
Current Portion of Long-Term Debt	-	-	-	49M	196M
Current Portion of Leases	54M	57M	58M	52M	56M
Finance Division Debt Current	-	-	1.85B	3.07B	3.28B
Current Income Taxes Payable	107M	65M	49M	107M	120M
Unearned Revenue Current, Total	1.1B	1.12B	1.27B	1.28B	1.33B
Other Current Liabilities	2.57B	2.5B	2.51B	2.86B	1.76B
Total Current Liabilities	7.49B	7.42B	9.74B	12.2B	11.43B
Long-Term Debt	2.82B	2.51B	575M	672M	1.44B
Long-Term Leases	149M	149M	142M	133M	140M
Finance Division Debt Non Current	-	-	79M	77M	578M
Finance Division Other Non Current Liabilities, Total	-	-	-	-	115M
Pension & Other Post Retirement Benefits	597M	610M	621M	510M	528M
Deferred Tax Liability Non Current	10M	11M	11M	25M	28M
Other Non Current Liabilities	2.12B	2.6B	3.08B	8M	1.74B
Total Liabilities	13.19B	13.3B	14.25B	13.62B	16B
Common Stock, Total	2.97B	2.57B	2.65B	3M	3M
Retained Earnings	-	-	-	566M	700M
Treasury Stock	-	-	-	-	-49M
Comprehensive Income and Other	-288M	-304M	-364M	1.78B	1.7B
Total Common Equity	2.68B	2.27B	2.29B	2.35B	2.35B
Minority Interest	38M	68M	22M	37M	36M
Total Equity	2.72B	2.34B	2.31B	2.39B	2.39B
Total Liabilities And Equity	15.9B	15.63B	16.56B	16.01B	18.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	271M	271M	265M
ECS Total Common Shares Outstanding	-	-	271M	271M	265M
Book Value / Share	-	-	8.44	8.68	8.88
Tangible Book Value	2.55B	2.13B	2.13B	843M	513M
Tangible Book Value Per Share	-	-	7.86	3.11	1.93
Total Debt	3.03B	2.72B	2.7B	4.12B	5.72B
Net Debt	2.61B	2.12B	1.75B	2B	3.24B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	411M	282M	303M
Debt Equivalent Oper. Leases	96M	88M	72M	88M	96M
Minority Interest, Total (Incl. Fin. Div)	38M	68M	22M	37M	36M
Equity Method Investments, Total	243M	209M	310M	10M	18M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	484M	493M	657M	649M	-
Inventories - Work In Process, Total	311M	276M	453M	332M	-
Inventories - Finished Goods, Total	1.8B	1.48B	1.54B	1.86B	-
Land - (BS)	122M	122M	117M	-	-
Buildings, Total	1.12B	1.1B	1.17B	-	-
Machinery, Total	4.8B	4.9B	5.13B	-	-
Full Time Employees	-	32.63K	34.13K	35.61K	36.04K
Accumulated Allowance for Doubtful Accounts (Supple)	37M	30M	40M	21M	20M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	84M	-408M	52M	147M	218M
Depreciation & Amortization - CF	331M	333M	310M	312M	324M
Amortization of Goodwill and Intangible Assets - (CF)	24M	28M	30M	34M	48M
Depreciation & Amortization, Total	355M	361M	340M	346M	372M
Amortization of Deferred Charges, Total - (CF)	186M	219M	227M	214M	227M
(Gain) Loss From Sale Of Asset	1M	-3M	-1M	-96M	-10M
(Gain) Loss on Sale of Investments - (CF)	-	-	-8M	5M	-
Other Operating Activities, Total	53M	136M	51M	29M	4M
Change In Accounts Receivable	40M	-107M	115M	-35M	-90M
Change In Inventories	-84M	133M	-496M	-219M	-97M
Change In Accounts Payable	150M	102M	42M	555M	368M
Change In Deferred Taxes	-11M	-158M	43M	-11M	30M
Change in Other Net Operating Assets	-65M	284M	174M	472M	314M
Cash from Operations	709M	559M	539M	1.41B	1.34B
Capital Expenditure	-492M	-401M	-564M	-777M	-970M
Cash Acquisitions	-	-	-44M	-30M	-21M
Investment in Marketable and Equity Securities, Total	-96M	-222M	85M	29M	-19M
Other Investing Activities, Total	-166M	533M	478M	-562M	-1.21B
Cash from Investing	-754M	-90M	-45M	-1.34B	-2.22B
Long-Term Debt Issued, Total	188M	-	63M	1.66B	1.62B
Total Debt Issued	188M	-	63M	1.66B	1.62B
Long-Term Debt Repaid, Total	-216M	-399M	-151M	-322M	-92M
Total Debt Repaid	-216M	-399M	-151M	-322M	-92M
Repurchase of Common Stock	-	-	-	-	-55M
Other Financing Activities, Total	-1M	-8M	-	2M	17M
Cash from Financing	-29M	-407M	-88M	1.34B	1.49B
Foreign Exchange Rate Adjustments	-5M	-16M	28M	-21M	-191M
Net Change in Cash	-79M	46M	434M	1.39B	410M
Supplemental Items
Cash Interest Paid	6M	5M	36M	119M	305M
Cash Income Tax Paid (Refund)	-	-	92M	99M	124M
Levered Free Cash Flow	-278M	405M	-56.38M	1.11B	-887M
Unlevered Free Cash Flow	-214M	456M	3M	1.21B	-716M
Change In Net Working Capital	545M	-384M	213M	-1.11B	946M
Net Debt Issued / Repaid	-28M	-399M	-88M	1.34B	1.53B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.76	-0.73	1.21	1.88	3.39
Return on Total Capital	4.94	-2.13	3.87	5.33	7.96
Return On Equity %	3.71	-14.72	3.27	6.76	9.79
Return on Common Equity	3.12	-16.49	2.28	6.33	9.26
Margin Analysis
Gross Profit Margin %	13.81	9.17	13.99	13.92	16.24
SG&A Margin	6.32	6.77	6.52	6.52	5.8
EBITDA Margin %	6.12	1.07	4.61	5.36	7.62
EBITA Margin %	3.93	-1.5	2.7	3.66	6.04
EBIT Margin %	3.72	-1.77	2.47	3.42	5.75
Income From Continuing Operations Margin %	0.85	-3.57	0.6	1.11	1.44
Net Income Margin %	0.7	-3.92	0.41	1.02	1.34
Net Avail. For Common Margin %	0.7	-3.92	0.41	1.02	1.34
Normalized Net Income Margin	1.06	-3.04	0.92	1.14	1.74
Levered Free Cash Flow Margin	-2.33	3.89	-0.45	7.71	-5.47
Unlevered Free Cash Flow Margin	-1.79	4.38	0.02	8.46	-4.41
Asset Turnover
Asset Turnover	0.75	0.66	0.79	0.88	0.94
Fixed Assets Turnover	3.43	3.2	4.07	4.57	5.05
Receivables Turnover (Average Receivables)	22.06	20.7	28.14	37	40.25
Inventory Turnover (Average Inventory)	4.04	3.91	4.44	4.5	4.64
Short Term Liquidity
Current Ratio	1.38	1.35	1.12	0.85	1.09
Quick Ratio	1.02	1.04	0.84	0.61	0.82
Operating Cash Flow to Current Liabilities	0.09	0.08	0.06	0.12	0.12
Days Sales Outstanding (Average Receivables)	16.54	17.68	12.97	9.86	9.07
Days Outstanding Inventory (Average Inventory)	90.43	93.71	82.13	81.06	78.73
Average Days Payable Outstanding	104.96	123.23	100.5	99.26	104.96
Cash Conversion Cycle (Average Days)	2.01	-11.84	-5.4	-8.33	-17.17
Long Term Solvency
Total Debt/Equity	111.41	116.31	116.88	172.35	239.54
Total Debt / Total Capital	52.7	53.77	53.89	63.28	70.55
LT Debt/Equity	109.42	113.87	34.44	36.89	90.08
Long-Term Debt / Total Capital	51.76	52.64	15.88	13.54	26.53
Total Liabilities / Total Assets	82.91	85.06	86.04	85.07	87
EBIT / Interest Expense	4.32	-2.27	3.28	2.85	3.4
EBITDA / Interest Expense	7.77	2.19	6.86	4.87	4.76
(EBITDA - Capex) / Interest Expense	2.99	-2.77	0.93	0.35	1.22
Total Debt / EBITDA	3.78	15.35	4.14	4.92	4.39
Net Debt / EBITDA	3.26	11.97	2.68	2.38	2.48
Total Debt / (EBITDA - Capex)	9.83	-12.13	30.69	68.68	17.14
Net Debt / (EBITDA - Capex)	8.48	-9.46	19.89	33.25	9.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.47	-12.86	21.52	13.48	12.93
Gross Profit, 1 Yr. Growth %	-9.39	-42.12	85.34	12.94	35.09
EBITDA, 1 Yr. Growth %	-24.17	-84.82	29.05K	18.31	57.53
EBITA, 1 Yr. Growth %	-32.13	-133.26	-229.06	28.36	81.48
EBIT, 1 Yr. Growth %	-33.28	-141.35	-206.48	29.55	84.19
Earnings From Cont. Operations, 1 Yr. Growth %	-44.81	-468.32	-120.43	109.21	47.17
Net Income, 1 Yr. Growth %