Cash flow Moscow Exchange MICEX-RTS

Equities

MOEX

RU000A0JR4A1

Financial & Commodity Market Operators

End-of-day quote Moscow Micex - RTS Other stock markets 08/07/2022			5-day change	1st Jan Change
85.20 ^RUB	-0.13%		-.--%	-.--%

26/08	Public Joint-Stock Company Moscow Exchange MICEX-RTS Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
20/08	Moscow Stock Exchange considers legal action against US and UK sanctions	RE

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Published financial data: MOSCOW EXCHANGE MICEX-RTS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	26.18B	34.27B	41.55B	37.49B	52.24B
Gain (Loss) on Sale of Investment, Total (Rev)	1.49B	1B	493M	110M	886M
Interest And Invest. Income (Rev)	13.48B	15.18B	14.28B	44.88B	54.93B
Other Revenues, Total	151M	102M	-	-	-
Total Revenues	41.31B	50.55B	56.32B	82.48B	108B
Gross Profit	41.31B	50.55B	56.32B	82.48B	108B
Selling General & Admin Expenses, Total	13.7B	14.72B	18.11B	20.93B	25.16B
Provision for Bad Debts	-	-	-627M	13.09B	-1.66B
Other Operating Expenses	4.2B	1.94B	2B	2.53B	3.29B
Other Operating Expenses, Total	17.9B	16.66B	19.47B	36.56B	26.79B
Operating Income	23.41B	33.89B	36.85B	45.92B	81.27B
Interest Expense, Total	-2.92B	-1.98B	-1.19B	-3.05B	-4.09B
Net Interest Expenses	-2.92B	-1.98B	-1.19B	-3.05B	-4.09B
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	4.5B	-65.9M	-677M	3.69B	480M
Other Non Operating Income (Expenses)	-	-	-	-	-67M
EBT, Excl. Unusual Items	24.99B	31.84B	34.98B	46.56B	77.59B
Impairment of Goodwill	-	-	-	-	-54M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-1.25B	-173M
Legal Settlements	218M	-	-	-	-
Other Unusual Items	-31.7M	-	-	-	-
EBT, Incl. Unusual Items	25.18B	31.84B	34.98B	45.31B	77.37B
Income Tax Expense	4.98B	6.67B	6.88B	9.02B	16.6B
Earnings From Continuing Operations	20.2B	25.17B	28.1B	36.29B	60.77B
Net Income to Company	20.2B	25.17B	28.1B	36.29B	60.77B
Minority Interest	-11.6M	-12.5M	-2.4M	-20M	7.7M
Net Income - (IS)	20.19B	25.16B	28.1B	36.27B	60.78B
Net Income to Common Incl Extra Items	20.19B	25.16B	28.1B	36.27B	60.78B
Net Income to Common Excl. Extra Items	20.19B	25.16B	28.1B	36.27B	60.78B
Per Share Items
Net EPS - Basic	8.96	11.16	12.44	16.07	26.91
Basic EPS - Continuing Operations	8.96	11.16	12.44	16.07	26.91
Basic Weighted Average Shares Outstanding	2.25B	2.25B	2.26B	2.26B	2.26B
Net EPS - Diluted	8.96	11.14	12.35	15.96	26.78
Diluted EPS - Continuing Operations	8.96	11.14	12.35	15.96	26.78
Diluted Weighted Average Shares Outstanding	2.25B	2.26B	2.28B	2.27B	2.27B
Normalized Basic EPS	6.93	8.82	9.68	12.88	21.47
Normalized Diluted EPS	6.92	8.8	9.61	12.8	21.37
Dividend Per Share	7.94	9.46	-	4.84	17.35
Payout Ratio	86.07	71.15	76.06	-	16.77
Supplemental Items
EBITDA	25.59B	35.8B	38.89B	48.16B	83.34B
EBITA	24.58B	35.07B	38.03B	47.11B	82.45B
EBIT	23.41B	33.89B	36.85B	45.92B	81.27B
EBITDAR	-	35.82B	38.91B	48.17B	83.35B
Effective Tax Rate - (Ratio)	19.77	20.95	19.68	19.91	21.45
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	8.86B	5.24B	8.63B	12.67B	14.79B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-3.88B	1.42B	-1.75B	-3.65B	1.81B
Normalized Net Income	15.61B	19.89B	21.86B	29.08B	48.5B
Interest on Long-Term Debt	10.7M	49.4M	83M	40.6M	5.6M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	1B	775M	1.6B	2B	2.49B
Selling and Marketing Expenses	1B	775M	1.6B	2B	2.49B
General and Administrative Expenses	6.71B	6.84B	8.23B	8.89B	10B
Net Rental Expense, Total	-	25.3M	20.1M	14.8M	9.9M
Imputed Operating Lease Interest Expense	-	15.97M	178M	568M	4.37B
Imputed Operating Lease Depreciation	-	9.33M	-158M	-553M	-4.36B
Stock-Based Comp., SG&A Exp. (Total)	95M	212M	422M	264M	963M
Total Stock-Based Compensation	95M	212M	422M	264M	963M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	466B	472B	471B	452B	459B
Short Term Investments	-	40B	43.01B	-	-
Trading Asset Securities, Total	13.63B	18.85B	15.1B	3.13B	3.2B
Total Cash And Short Term Investments	480B	531B	529B	455B	462B
Accounts Receivable, Total	1.03B	1.42B	1.58B	-	-
Other Receivables	4.24B	4.87B	5.02B	1,516B	1,930B
Notes Receivable	56.23B	110B	55.01B	-	-
Total Receivables	61.5B	116B	61.62B	1,516B	1,930B
Prepaid Expenses	1.93B	1.31B	1.3B	2.71B	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	3,263B	4,051B	5,269B	4,388B	6,797B
Total Current Assets	3,806B	4,699B	5,861B	6,362B	9,188B
Gross Property Plant And Equipment	13.73B	15.12B	16.33B	15.92B	16.03B
Accumulated Depreciation	-8.29B	-8.66B	-9.43B	-10.33B	-10.77B
Net Property Plant And Equipment	5.45B	6.46B	6.9B	5.59B	5.26B
Long-term Investments	179B	194B	238B	178B	181B
Goodwill	15.97B	15.97B	17.27B	16.3B	16.25B
Other Intangibles, Total	16.99B	16.87B	16.97B	17.25B	16.54B
Deferred Tax Assets Long-Term	1.7B	72.6M	2.56B	6.06B	4.9B
Other Long-Term Assets, Total	3.17B	476M	752M	34.33B	52.33B
Total Assets	4,029B	4,933B	6,143B	6,619B	9,464B
Liabilities
Accounts Payable, Total	721M	650M	1.32B	860M	2.23B
Accrued Expenses, Total	2.33B	3.1B	6.35B	7.04B	8.05B
Short-term Borrowings	49.23B	-	182M	-	-
Current Portion of Leases	-	157M	172M	100M	23.1M
Current Income Taxes Payable	1.04B	2.01B	376M	1.16B	996M
Other Current Liabilities	3,840B	4,784B	5,992B	6,431B	9,228B
Total Current Liabilities	3,894B	4,789B	6,000B	6,440B	9,239B
Long-Term Leases	86.6M	828M	809M	9M	15.5M
Unearned Revenue Non Current	258M	388M	402M	405M	456M
Pension & Other Post Retirement Benefits	337M	424M	407M	512M	445M
Deferred Tax Liability Non Current	2.36B	2.17B	1.6B	1.46B	1.25B
Other Non Current Liabilities	-	-	-	80M	-
Total Liabilities	3,897B	4,793B	6,003B	6,443B	9,241B
Common Stock, Total	2.5B	2.5B	2.5B	2.5B	2.5B
Additional Paid In Capital	32.2B	32.32B	32.25B	32.25B	32.33B
Retained Earnings	96.44B	104B	110B	147B	196B
Treasury Stock	-1.5B	-1.26B	-1.54B	-1.53B	-1.28B
Comprehensive Income and Other	2.04B	1.94B	-3.43B	-3.15B	-6.87B
Total Common Equity	132B	139B	140B	177B	223B
Minority Interest	185M	107M	101M	96M	48.8M
Total Equity	132B	139B	140B	177B	223B
Total Liabilities And Equity	4,029B	4,933B	6,143B	6,619B	9,464B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.25B	2.26B	2.26B	2.26B	2.26B
ECS Total Common Shares Outstanding	2.25B	2.26B	2.26B	2.26B	2.26B
Book Value / Share	58.41	61.64	62.05	78.25	98.67
Tangible Book Value	98.71B	106B	106B	143B	190B
Tangible Book Value Per Share	43.79	47.1	46.88	63.39	84.16
Total Debt	49.32B	986M	1.16B	110M	38.6M
Net Debt	-430B	-530B	-528B	-455B	-462B
Debt Equivalent Oper. Leases	-	202M	161M	118M	79.2M
Minority Interest, Total (Incl. Fin. Div)	185M	107M	101M	96M	48.8M
Equity Method Investments, Total	-	329M	99.2M	127M	294M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	208M	208M	208M	208M	208M
Buildings, Total	5.8B	5.8B	5.8B	5.8B	5.8B
Machinery, Total	7.39B	8.07B	9.2B	9.53B	9.78B
Full Time Employees	1.79K	1.98K	2.21K	2.34K	2.59K
Accumulated Allowance for Doubtful Accounts (Supple)	2.44B	2.41B	892M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	20.19B	25.16B	28.1B	36.27B	60.78B
Depreciation & Amortization - CF	1.2B	876M	972M	1.18B	971M
Amortization of Goodwill and Intangible Assets - (CF)	1.18B	1.18B	1.18B	1.19B	1.18B
Depreciation & Amortization, Total	2.38B	2.05B	2.15B	2.37B	2.15B
Amortization of Deferred Charges, Total - (CF)	1.17B	1.3B	1.54B	1.99B	2.71B
(Gain) Loss From Sale Of Asset	-	-74.7M	-37.2M	120M	84M
(Gain) Loss on Sale of Investments - (CF)	-1.47B	-908M	-786M	-257M	-886M
Asset Writedown & Restructuring Costs	-	-	-	1.25B	294M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	95M	212M	422M	264M	963M
Provision and Write-off of Bad Debts	2.6B	-25.9M	-525M	13.09B	-1.66B
Other Operating Activities, Total	-2.35B	1.52B	482M	126B	11.73B
Change in Trading Asset Securities	-10.62B	-1.88B	2.59B	2.65B	1.83B
Change in Other Net Operating Assets	96.29B	-76.27B	64.24B	1,029B	-153B
Cash from Operations	108B	-48.92B	98.17B	1,213B	-74.81B
Capital Expenditure	-2.07B	-3.42B	-4.15B	-3.61B	-4.13B
Sale of Property, Plant, and Equipment	1.6M	22.5M	51.1M	400K	-
Cash Acquisitions	-	-	-1.12B	-	-
Divestitures	-	21.5M	-	-	-44.3M
Investment in Marketable and Equity Securities, Total	23.9B	3.27B	-55.59B	49.07B	10.49B
Cash from Investing	21.83B	-102M	-60.81B	45.46B	6.32B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-209M	-178M	-163M	-194M	-111M
Total Debt Repaid	-209M	-178M	-163M	-194M	-111M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-450M	-	-
Common Dividends Paid	-17.38B	-17.9B	-21.37B	-	-10.19B
Common & Preferred Stock Dividends Paid	-17.38B	-17.9B	-21.37B	-	-10.19B
Other Financing Activities, Total	-	-	-38.2M	-86M	-84.5M
Cash from Financing	-17.59B	-18.08B	-22.02B	-280M	-10.39B
Foreign Exchange Rate Adjustments	-62.81B	72.78B	-15.85B	-1,271B	85.97B
Miscellaneous Cash Flow Adjustments	-	-	-	-6.39B	-
Net Change in Cash	49.71B	5.69B	-509M	-19.75B	7.08B
Supplemental Items
Cash Interest Paid	2.9B	1.94B	1.14B	3.02B	3.61B
Cash Income Tax Paid (Refund)	8.82B	3.31B	9.96B	14.4B	13.06B
Levered Free Cash Flow	-4.3B	123B	69.65B	-78.91B	29.27B
Unlevered Free Cash Flow	-2.48B	124B	70.39B	-77B	31.83B
Change In Net Working Capital	18.68B	-103B	-47.4B	107B	20.66B
Net Debt Issued / Repaid	-209M	-178M	-163M	-194M	-111M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.36	0.47	0.42	0.45	0.63
Return on Total Capital	9.39	13.18	16.36	18.04	25.4
Return On Equity %	15.69	18.57	20.11	22.9	30.4
Return on Common Equity	15.71	18.58	20.12	22.9	30.41
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	33.17	29.12	32.15	25.38	23.28
EBITDA Margin %	61.96	70.81	69.04	58.39	77.13
EBITA Margin %	59.51	69.37	67.52	57.12	76.3
EBIT Margin %	56.67	67.04	65.42	55.68	75.21
Income From Continuing Operations Margin %	48.9	49.79	49.89	44	56.24
Net Income Margin %	48.87	49.77	49.88	43.98	56.25
Net Avail. For Common Margin %	48.87	49.77	49.88	43.98	56.25
Normalized Net Income Margin	37.78	39.34	38.81	35.26	44.89
Levered Free Cash Flow Margin	-10.42	242.87	123.66	-95.67	27.09
Unlevered Free Cash Flow Margin	-6	245.32	124.98	-93.36	29.46
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0.01	0.01
Fixed Assets Turnover	7.23	8.49	8.43	13.21	19.91
Receivables Turnover (Average Receivables)	26.77	27.97	27.74	-	-
Short Term Liquidity
Current Ratio	0.98	0.98	0.98	0.99	0.99
Quick Ratio	0.12	0.11	0.09	0.31	0.26
Operating Cash Flow to Current Liabilities	0.03	-0.01	0.02	0.19	-0.01
Days Sales Outstanding (Average Receivables)	13.64	13.08	13.16	-	-
Long Term Solvency
Total Debt/Equity