Income Statement Trainline plc

Equities

TRN

GB00BKDTK925

Leisure & Recreation

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Published financial data: TRAINLINE PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	6.71Cr	19Cr	33Cr	40Cr	44Cr
Total Revenues	6.71Cr	19Cr	33Cr	40Cr	44Cr
Cost of Goods Sold, Total	1.84Cr	3.57Cr	7.49Cr	9.14Cr	8.98Cr
Gross Profit	4.87Cr	15Cr	25Cr	31Cr	35Cr
Selling General & Admin Expenses, Total	15Cr	16Cr	22Cr	24Cr	26Cr
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses, Total	15Cr	16Cr	22Cr	24Cr	26Cr
Operating Income	-9.97Cr	-1.03Cr	2.76Cr	6.43Cr	9.45Cr
Interest Expense, Total	-76.36L	-82.52L	-1.03Cr	-83.7L	-81.08L
Interest And Investment Income	22T	36T	7L	27.45L	39.99L
Net Interest Expenses	-76.14L	-82.16L	-95.4L	-56.25L	-41.09L
Currency Exchange Gains (Loss)	6L	-9L	4T	-18.39L	-6L
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-11Cr	-1.95Cr	1.81Cr	5.69Cr	8.98Cr
Restructuring Charges	-	-	-	-22.63L	-89.45L
Merger & Related Restructuring Charges	-	-	-	-65L	-
Other Unusual Items	-	39.14L	39.87L	-	-
EBT, Incl. Unusual Items	-11Cr	-1.55Cr	2.21Cr	4.81Cr	8.09Cr
Income Tax Expense	-1.55Cr	-36.37L	9L	1.41Cr	2.25Cr
Earnings From Continuing Operations	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Net Income to Company	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Net Income - (IS)	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Net Income to Common Incl Extra Items	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Net Income to Common Excl. Extra Items	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Per Share Items
Net EPS - Basic	-0.19	-0.02	0.05	0.07	0.13
Basic EPS - Continuing Operations	-0.19	-0.02	0.05	0.07	0.13
Basic Weighted Average Shares Outstanding	48Cr	48Cr	47Cr	47Cr	45Cr
Net EPS - Diluted	-0.19	-0.02	0.04	0.07	0.13
Diluted EPS - Continuing Operations	-0.19	-0.02	0.04	0.07	0.13
Diluted Weighted Average Shares Outstanding	48Cr	48Cr	47Cr	48Cr	46Cr
Normalized Basic EPS	-0.14	-0.03	0.02	0.08	0.13
Normalized Diluted EPS	-0.14	-0.03	0.02	0.07	0.12
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-8.98Cr	-10.97L	3.51Cr	7.26Cr	10Cr
EBITA	-9.15Cr	-32.33L	3.29Cr	7.03Cr	10Cr
EBIT	-9.97Cr	-1.03Cr	2.76Cr	6.43Cr	9.45Cr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	14.48	23.4	3.95	29.36	27.86
Current Domestic Taxes	-	37.59L	1.45Cr	81.06L	1.17Cr
Total Current Taxes	-58.13L	37.59L	1.45Cr	81.06L	1.17Cr
Total Deferred Taxes	-96.45L	-73.96L	-1.36Cr	60.23L	1.08Cr
Normalized Net Income	-6.67Cr	-1.22Cr	1.13Cr	3.55Cr	5.61Cr
Interest on Long-Term Debt	76.3L	82.52L	1.03Cr	83.7L	81.08L
Non-Cash Pension Expense	0	-1T	16T	17T	13T
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	6.74Cr	7.09Cr
Selling and Marketing Expenses	-	-	-	6.74Cr	7.09Cr
General and Administrative Expenses	15Cr	16Cr	22Cr	17Cr	19Cr
Research And Development Expense From Footnotes	2.81Cr	2.96Cr	2.98Cr	2.93Cr	3.03Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	70.93L	67.83L	1.73Cr	2.26Cr	2.14Cr
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	70.93L	67.83L	1.73Cr	2.26Cr	2.14Cr

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.66Cr	6.85Cr	5.73Cr	9.11Cr	7.68Cr
Total Cash And Short Term Investments	3.66Cr	6.85Cr	5.73Cr	9.11Cr	7.68Cr
Accounts Receivable, Total	90.43L	4.04Cr	4.82Cr	5.03Cr	5.87Cr
Other Receivables	81.12L	45.14L	52.76L	30L	38.63L
Total Receivables	1.72Cr	4.49Cr	5.35Cr	5.33Cr	6.26Cr
Inventory	-	-	-	-	-
Prepaid Expenses	73.61L	50.33L	66.92L	58.98L	56.01L
Total Current Assets	6.11Cr	12Cr	12Cr	15Cr	14Cr
Gross Property Plant And Equipment	4.1Cr	4.18Cr	4.24Cr	4.49Cr	4.52Cr
Accumulated Depreciation	-1.51Cr	-1.69Cr	-2.12Cr	-2.7Cr	-3.41Cr
Net Property Plant And Equipment	2.59Cr	2.49Cr	2.12Cr	1.79Cr	1.11Cr
Long-term Investments	-	-	-	-	-
Goodwill	42Cr	42Cr	42Cr	42Cr	42Cr
Other Intangibles, Total	8.14Cr	6.98Cr	6.68Cr	7.04Cr	7.47Cr
Deferred Tax Assets Long-Term	50.83L	1.26Cr	2.7Cr	2.49Cr	1.34Cr
Total Assets	59Cr	64Cr	65Cr	68Cr	66Cr
Liabilities
Accounts Payable, Total	2.25Cr	19Cr	16Cr	16Cr	17Cr
Accrued Expenses, Total	1.55Cr	3.4Cr	3.62Cr	4.74Cr	4.6Cr
Current Portion of Long-Term Debt	8L	14.25L	4L	8L	8.3Cr
Current Portion of Leases	33.36L	34.89L	45.23L	49.92L	43.45L
Current Income Taxes Payable	-	-	76.42L	32.01L	-
Unearned Revenue Current, Total	-	2L	5L	7L	4L
Other Current Liabilities	-	28L	45.03L	54.44L	30.38L
Total Current Liabilities	4.22Cr	23Cr	21Cr	22Cr	31Cr
Long-Term Debt	25Cr	13Cr	14Cr	14Cr	6.81Cr
Long-Term Leases	1.84Cr	1.55Cr	1.05Cr	73.36L	31.07L
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	8L	9L	8L	8L	10L
Total Liabilities	31Cr	38Cr	36Cr	37Cr	38Cr
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	48.07L	48.07L	48.07L	47.1L	44.55L
Additional Paid In Capital	119.87Cr	119.87Cr	119.87Cr	-	-
Retained Earnings	20Cr	19Cr	21Cr	141.78Cr	138.75Cr
Treasury Stock	-77.52L	-2.17Cr	-2.67Cr	-2.98Cr	-3.81Cr
Comprehensive Income and Other	-111.44Cr	-111.35Cr	-109.89Cr	-108.07Cr	-107.11Cr
Total Common Equity	28Cr	26Cr	29Cr	31Cr	28Cr
Total Equity	28Cr	26Cr	29Cr	31Cr	28Cr
Total Liabilities And Equity	59Cr	64Cr	65Cr	68Cr	66Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	48Cr	47Cr	47Cr	46Cr	43Cr
ECS Total Common Shares Outstanding	48Cr	47Cr	47Cr	46Cr	43Cr
Book Value / Share	0.59	0.55	0.62	0.68	0.65
Tangible Book Value	-22Cr	-23Cr	-20Cr	-18Cr	-21Cr
Tangible Book Value Per Share	-0.45	-0.48	-0.42	-0.38	-0.48
Total Debt	27Cr	15Cr	15Cr	15Cr	16Cr
Net Debt	23Cr	8.64Cr	9.66Cr	6.2Cr	8.18Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1L	-4L	-12.51L	-10L	-8L
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	96.71L	73.79L	77.29L	92.31L	97.09L
Full Time Employees	600	750	950	1T	990
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	3L	4L

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	-9.13Cr	-1.19Cr	2.12Cr	3.4Cr	5.83Cr
Depreciation & Amortization - CF	48.89L	59.01L	60.5L	63.44L	72.89L
Amortization of Goodwill and Intangible Assets - (CF)	81.63L	70.8L	52.77L	59.88L	56.05L
Depreciation & Amortization, Total	1.31Cr	1.3Cr	1.13Cr	1.23Cr	1.29Cr
Amortization of Deferred Charges, Total - (CF)	2.81Cr	2.96Cr	2.98Cr	2.93Cr	3.03Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	2.52Cr	-	-	-	8L
Stock-Based Compensation (CF)	70.93L	67.83L	1.73Cr	2.26Cr	2.14Cr
Other Operating Activities, Total	-82.41L	60.31L	22.87L	1.35Cr	2.19Cr
Change In Accounts Receivable	3.3Cr	-3.36Cr	-1.4Cr	10L	-1.09Cr
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-13Cr	19Cr	-2.91Cr	89.45L	34.47L
Cash from Operations	-12Cr	20Cr	3.89Cr	12Cr	14Cr
Capital Expenditure	-2.63Cr	-45.57L	-24.08L	-28.53L	-14.41L
Cash Acquisitions	-	-	-	-9L	-4L
Sale (Purchase) of Intangible assets	-	-2.48Cr	-3.28Cr	-3.7Cr	-4.09Cr
Cash from Investing	-2.63Cr	-2.93Cr	-3.52Cr	-4.07Cr	-4.27Cr
Long-Term Debt Issued, Total	24Cr	9.7Cr	10Cr	9Cr	18Cr
Total Debt Issued	24Cr	9.7Cr	10Cr	9Cr	18Cr
Long-Term Debt Repaid, Total	-14Cr	-21Cr	-10Cr	-9.4Cr	-17Cr
Total Debt Repaid	-14Cr	-21Cr	-10Cr	-9.4Cr	-17Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-41.23L	-1.66Cr	-79.47L	-3.54Cr	-11Cr
Other Financing Activities, Total	-81.66L	-56.9L	-93.75L	-61.98L	-76.78L
Cash from Financing	9.29Cr	-14Cr	-1.5Cr	-4.56Cr	-11Cr
Foreign Exchange Rate Adjustments	-10L	-8L	2L	-16.63L	-8L
Net Change in Cash	-5.55Cr	3.19Cr	-1.12Cr	3.37Cr	-1.43Cr
Supplemental Items
Cash Interest Paid	54.76L	55.8L	68.5L	61.4L	68.65L
Cash Income Tax Paid (Refund)	-2L	-44.39L	41.35L	1.07Cr	1.3Cr
Levered Free Cash Flow	-15Cr	17Cr	39.66L	6.85Cr	6.93Cr
Unlevered Free Cash Flow	-14Cr	18Cr	1.04Cr	7.37Cr	7.44Cr
Change In Net Working Capital	10Cr	-16Cr	3.01Cr	-91.11L	69.83L
Net Debt Issued / Repaid	11Cr	-12Cr	23.1L	-40.13L	50.94L

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	-9.63	-1.04	2.67	6.02	8.8
Return on Total Capital	-11.5	-1.33	4.02	8.84	13.03
Return On Equity %	-27.82	-4.38	7.71	11.28	19.62
Return on Common Equity	-27.82	-4.38	7.71	11.28	19.62
Margin Analysis
Gross Profit Margin %	72.56	81.05	77.1	76.95	79.69
SG&A Margin	221.19	86.52	68.65	60.73	58.31
EBITDA Margin %	-133.85	-0.58	10.72	18.3	23.33
EBITA Margin %	-136.46	-1.72	10.06	17.73	22.65
EBIT Margin %	-148.63	-5.47	8.45	16.22	21.38
Income From Continuing Operations Margin %	-136.1	-6.32	6.49	8.57	13.2
Net Income Margin %	-136.1	-6.32	6.49	8.57	13.2
Net Avail. For Common Margin %	-136.1	-6.32	6.49	8.57	13.2
Normalized Net Income Margin	-99.47	-6.45	3.46	8.96	12.7
Levered Free Cash Flow Margin	-217.4	91.64	1.21	17.27	15.68
Unlevered Free Cash Flow Margin	-210.28	94.38	3.17	18.59	16.83
Asset Turnover
Asset Turnover	0.1	0.31	0.5	0.59	0.66
Fixed Assets Turnover	2.91	7.43	14.2	20.27	30.47
Receivables Turnover (Average Receivables)	2.57	7.34	7.26	8.06	8.11
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.45	0.51	0.55	0.68	0.47
Quick Ratio	1.27	0.49	0.52	0.65	0.46
Operating Cash Flow to Current Liabilities	-2.87	0.86	0.18	0.55	0.45
Days Sales Outstanding (Average Receivables)	142	49.7	50.3	45.42	44.98
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	1.09T	851.53	636.81	666.28
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	95.43	59.7	52.95	49.07	56.09
Total Debt / Total Capital	48.83	37.38	34.62	32.92	35.93
LT Debt/Equity	93.96	57.8	51.27	47.2	25.18
Long-Term Debt / Total Capital	48.08	36.2	33.52	31.66	16.13
Total Liabilities / Total Assets	52.18	59.64	55.5	54.25	57.18
EBIT / Interest Expense	-13.06	-1.25	2.69	7.69	11.66
EBITDA / Interest Expense	-11.35	0.32	3.79	9.16	13.25
(EBITDA - Capex) / Interest Expense	-14.8	-0.23	3.56	8.82	13.07
Total Debt / EBITDA	-3.12	58.06	3.95	2	1.48
Net Debt / EBITDA	-2.7	32.39	2.48	0.81	0.76
Total Debt / (EBITDA - Capex)	-2.39	-82.01	4.21	2.07	1.5
Net Debt / (EBITDA - Capex)	-2.07	-45.75	2.64	0.84	0.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-74.27	181.01	73.54	21.27	11.44
Gross Profit, 1 Yr. Growth %	-75.8	213.9	75.29	21.04	15.4
EBITDA, 1 Yr. Growth %	-434.83	-98.78	-3.3T	107.03	56.05
EBITA, 1 Yr. Growth %	-463.27	-96.47	-1.12T	113.66	56.87
EBIT, 1 Yr. Growth %	-4.51T	-89.66	-368	132.79	63.42
Earnings From Cont. Operations, 1 Yr. Growth %	12.81	-86.96	-278.22	60.18	71.68
Net Income, 1 Yr. Growth %	12.81	-86.96	-278.22	60.18	71.68
Normalized Net Income, 1 Yr. Growth %	990.86	-81.78	-193.05	214.19	78.31
Diluted EPS Before Extra, 1 Yr. Growth %	8.08	-86.95	-279.72	58.26	78.56
Accounts Receivable, 1 Yr. Growth %	-79.04	267.97	14.79	4.32	16.75
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	28.18	-3.84	-14.82	-15.3	-38.31
Total Assets, 1 Yr. Growth %	-15.46	8.45	1.58	4.4	-3.18
Tangible Book Value, 1 Yr. Growth %	32.48	4.75	-13.51	-10.17	17.66
Common Equity, 1 Yr. Growth %	-23.97	-8.47	12	7.35	-9.38
Cash From Operations, 1 Yr. Growth %	-301.26	-264.83	-80.52	207.35	13.53
Capital Expenditures, 1 Yr. Growth %	-7.13	267.8	-47.16	18.48	-49.49
Levered Free Cash Flow, 1 Yr. Growth %	-293.65	-218.45	-97.7	1.63T	7.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-270.11	-226.12	-94.16	610.04	6.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-43.41	-14.97	120.83	45.07	16.25
Gross Profit, 2 Yr. CAGR %	-44.04	-12.84	127.63	45.66	18.19
EBITDA, 2 Yr. CAGR %	58.29	-79.78	-37.51	713.44	71.5
EBITA, 2 Yr. CAGR %	63.61	-64.18	-40.04	366.41	74.41
EBIT, 2 Yr. CAGR %	196.74	113.57	-47.35	149.78	84.93
Earnings From Cont. Operations, 2 Yr. CAGR %	158.44	-61.65	-51.79	68.96	65.83
Net Income, 2 Yr. CAGR %	158.44	-61.65	-51.79	68.96	65.83
Normalized Net Income, 2 Yr. CAGR %	179.54	40.99	-58.82	70.98	122.76
Diluted EPS Before Extra, 2 Yr. CAGR %	141.19	-62.44	-51.57	68.65	68.11
Accounts Receivable, 2 Yr. CAGR %	-45.14	-3.28	109.59	9.43	10.36
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	117.64	11.02	-9.5	-15.06	-27.71
Total Assets, 2 Yr. CAGR %	-8.34	-4.25	4.96	2.98	0.54
Tangible Book Value, 2 Yr. CAGR %	-17.78	17.8	-4.82	-11.86	2.8
Common Equity, 2 Yr. CAGR %	9.48	-16.58	1.25	9.65	-1.37
Cash From Operations, 2 Yr. CAGR %	29.53	82.14	-43.34	-21.91	86.8
Capital Expenditures, 2 Yr. CAGR %	-10.07	-59.91	39.41	-20.88	-22.64
Levered Free Cash Flow, 2 Yr. CAGR %	144.8	51.46	-83.51	-37.03	318.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	89.05	46.47	-72.87	-35.62	167.66
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-27.77	-3.46	7.85	80.84	32.86
Gross Profit, 3 Yr. CAGR %	-27.9	-0.57	7.83	84.42	34.78
EBITDA, 3 Yr. CAGR %	69.43	-68.72	9.34	-6.85	354.69
EBITA, 3 Yr. CAGR %	75.28	-54.45	9.31	-8.41	214.04
EBIT, 3 Yr. CAGR %	156.95	-3.07	130.36	-13.58	109.28
Earnings From Cont. Operations, 3 Yr. CAGR %	55.67	-4.5	-36	-28.07	69.86
Net Income, 3 Yr. CAGR %	55.67	-4.5	-36	-28.07	69.86
Normalized Net Income, 3 Yr. CAGR %	57.7	12.51	22.75	-18.93	66.52
Diluted EPS Before Extra, 3 Yr. CAGR %	-84.28	-8.77	-36.71	-28.13	71.89
Accounts Receivable, 3 Yr. CAGR %	-17.2	10.34	3.75	66.1	11.82
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	62.37	65.76	1.63	-11.47	-23.65
Total Assets, 3 Yr. CAGR %	-4.36	-3.05	-2.34	4.78	0.89
Tangible Book Value, 3 Yr. CAGR %	-29.66	-10.87	6.27	-6.64	-2.95
Common Equity, 3 Yr. CAGR %	66.42	3.14	-7.97	3.25	2.9
Cash From Operations, 3 Yr. CAGR %	48.26	40.37	-13.55	0.17	-11.53
Capital Expenditures, 3 Yr. CAGR %	-2.59	-48.08	-56.05	32.05	-31.87
Levered Free Cash Flow, 3 Yr. CAGR %	223.05	92.18	-62.52	-22.27	-26.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	101.31	65.19	-49.97	-19.45	-25.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	4.29	12.95	13.62	11.14
Gross Profit, 5 Yr. CAGR %	-	6.48	14.2	14.45	11.86
EBITDA, 5 Yr. CAGR %	-	-44.2	13.69	15.16	30.91
EBITA, 5 Yr. CAGR %	-	-29.4	14.13	15.51	31.78
EBIT, 5 Yr. CAGR %	-	17.85	36.29	41.55	110.98
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-17.01	-2.6	19.98	-6.34
Net Income, 5 Yr. CAGR %	-	-17.01	-2.6	19.98	-6.34
Normalized Net Income, 5 Yr. CAGR %	-	-4.44	-7.84	33.01	55.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-78.35	-75.35	16.64	-6.45
Accounts Receivable, 5 Yr. CAGR %	-	7.38	24.78	10.84	6.34
Net Property, Plant and Equip., 5 Yr. CAGR %	-	36.87	28.52	26.86	-11.31
Total Assets, 5 Yr. CAGR %	-	-1.29	-0.74	-0.68	-1.2
Tangible Book Value, 5 Yr. CAGR %	-	-17.78	-20.61	-11.27	4.87
Common Equity, 5 Yr. CAGR %	-	47.27	36.42	5.7	-5.38
Cash From Operations, 5 Yr. CAGR %	-	38.88	0.91	11.02	18.09
Capital Expenditures, 5 Yr. CAGR %	-	-23.4	-38.99	-38.55	-44.89
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-1.72	22.99	-1.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-9.69	13.31	-2.15