Balansräkning Sats ASA

Aktier

SATS

NO0010863285

Fritid & Rekreation

Marknaden stängd - Oslo Bors Andra börsplatser 16:45:00 14.02.2025			5-dagars förändring	Förändring 1 jan.
31,55 ^NOK	+0,48 %		+11,48 %	+19,06 %

13.02.	Kepler Cheuvreux höjer riktkursen för Sats Group till 35 norska kronor (31), upprepar köp	FW
13.02.	DNB höjer riktkursen för Sats Group till 34 norska kronor (29), upprepar köp - BN	FW

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Publicerade finansiella data: SATS ASA

Årlig

Kvartalsvis

Halvårsvis

YTD

LTM

Skatteperiod: December	2019	2020	2021	2022	2023
Revenues	3,99 md	3,53 md	3,25 md	4,08 md	4,73 md
Total Revenues	3,99 md	3,53 md	3,25 md	4,08 md	4,73 md
Cost of Goods Sold, Total	1,58 md	1,47 md	1,5 md	1,73 md	1,81 md
Gross Profit	2,41 md	2,06 md	1,74 md	2,35 md	2,92 md
Selling General & Admin Expenses, Total	129 mn	152 mn	166 mn	167 mn	110 mn
Depreciation & Amortization - (IS)	972 mn	1,04 md	1,04 md	1,12 md	1,18 md
Other Operating Expenses	796 mn	776 mn	754 mn	1,03 md	1,04 md
Other Operating Expenses, Total	1,9 md	1,97 md	1,96 md	2,32 md	2,33 md
Operating Income	512 mn	87 mn	−220 mn	31 mn	589 mn
Interest Expense, Total	−248 mn	−305 mn	−285 mn	−253 mn	−352 mn
Interest And Investment Income	1 mn	-	-	12 mn	50 mn
Net Interest Expenses	−247 mn	−305 mn	−285 mn	−241 mn	−302 mn
Currency Exchange Gains (Loss)	−15 mn	66 mn	−35 mn	−14 mn	72 mn
Other Non Operating Income (Expenses)	−3 mn	−26 mn	21 mn	−28 mn	−46 mn
EBT, Excl. Unusual Items	247 mn	−178 mn	−519 mn	−252 mn	313 mn
Gain (Loss) On Sale Of Assets	-	−78 mn	−3 mn	−9 mn	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	247 mn	−256 mn	−522 mn	−261 mn	313 mn
Income Tax Expense	60 mn	69 mn	−70 mn	−15 mn	89 mn
Earnings From Continuing Operations	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Net Income to Company	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Minority Interest	-	-	-	-	-
Net Income - (IS)	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Net Income to Common Incl Extra Items	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Net Income to Common Excl. Extra Items	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Per aktie poster
Net EPS - Basic	1,52	−1,9	−2,65	−1,25	1,1
Basic EPS - Continuing Operations	1,52	−1,9	−2,65	−1,25	1,1
Basic Weighted Average Shares Outstanding	123 mn	171 mn	171 mn	197 mn	203 mn
Net EPS - Diluted	1,52	−1,9	−2,65	−1,25	1,1
Diluted EPS - Continuing Operations	1,52	−1,9	−2,65	−1,25	1,1
Diluted Weighted Average Shares Outstanding	123 mn	171 mn	171 mn	197 mn	204 mn
Normalized Basic EPS	1,25	−0,65	−1,9	−0,8	0,96
Normalized Diluted EPS	1,25	−0,65	−1,9	−0,8	0,96
Payout Ratio	551,87	-	-	-	-
Kompletterande punkter
EBITDA	680 mn	276 mn	−38 mn	219 mn	775 mn
EBITA	520 mn	97 mn	−207 mn	44 mn	600 mn
EBIT	512 mn	87 mn	−220 mn	31 mn	589 mn
EBITDAR	-	-	-	235 mn	792 mn
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	24,29	−26,95	13,41	5,75	28,43
Total Current Taxes	48 mn	21 mn	4 mn	6 mn	18 mn
Total Deferred Taxes	8 mn	48 mn	−74 mn	−21 mn	72 mn
Normalized Net Income	154 mn	−111 mn	−324 mn	−158 mn	196 mn
Interest on Long-Term Debt	-	196 mn	-	189 mn	224 mn
Kompletterande driftskostnadsposter
Marketing Expenses	129 mn	152 mn	166 mn	167 mn	110 mn
Selling and Marketing Expenses	129 mn	152 mn	166 mn	167 mn	110 mn
Research And Development Expense From Footnotes	43 mn	50 mn	55 mn	72 mn	52 mn
Net Rental Expense, Total	-	-	-	16 mn	17 mn
Imputed Operating Lease Interest Expense	-	-	-	4,95 mn	7,25 mn
Imputed Operating Lease Depreciation	-	-	-	11,05 mn	9,75 mn
Maintenance & Repair Expenses, Total	-	-	-	-	-

Skatteperiod: December	2019	2020	2021	2022	2023
TILLGÅNGAR
Cash And Equivalents	165 mn	456 mn	281 mn	345 mn	282 mn
Trading Asset Securities, Total	-	-	-	-	6 mn
Total Cash And Short Term Investments	165 mn	456 mn	281 mn	345 mn	288 mn
Accounts Receivable, Total	211 mn	170 mn	196 mn	241 mn	214 mn
Other Receivables	141 mn	141 mn	36 mn	27 mn	57 mn
Total Receivables	352 mn	311 mn	232 mn	268 mn	271 mn
Inventory	41 mn	48 mn	57 mn	57 mn	55 mn
Prepaid Expenses	76 mn	168 mn	181 mn	199 mn	188 mn
Other Current Assets, Total	-	-	-	−1 mn	-
Total Current Assets	634 mn	983 mn	751 mn	868 mn	802 mn
Gross Property Plant And Equipment	10,77 md	12,46 md	12,74 md	13,77 md	15,33 md
Accumulated Depreciation	−6,12 md	−7,14 md	−7,97 md	−8,89 md	−10,06 md
Net Property Plant And Equipment	4,65 md	5,33 md	4,77 md	4,88 md	5,28 md
Long-term Investments	5 mn	-	-	47 mn	36 mn
Goodwill	2,35 md	2,46 md	2,42 md	2,48 md	2,54 md
Other Intangibles, Total	113 mn	121 mn	144 mn	110 mn	93 mn
Loans Receivable Long-Term	-	-	-	10 mn	17 mn
Deferred Tax Assets Long-Term	192 mn	166 mn	213 mn	239 mn	178 mn
Other Long-Term Assets, Total	42 mn	38 mn	34 mn	39 mn	47 mn
Total Assets	7,99 md	9,09 md	8,34 md	8,68 md	8,98 md
Skulder
Accounts Payable, Total	122 mn	119 mn	138 mn	116 mn	130 mn
Accrued Expenses, Total	326 mn	321 mn	439 mn	312 mn	349 mn
Current Portion of Long-Term Debt	8 mn	11 mn	12 mn	19 mn	17 mn
Current Portion of Leases	767 mn	795 mn	820 mn	869 mn	929 mn
Current Income Taxes Payable	39 mn	40 mn	4 mn	6 mn	2 mn
Unearned Revenue Current, Total	492 mn	442 mn	490 mn	584 mn	548 mn
Other Current Liabilities	121 mn	247 mn	152 mn	202 mn	180 mn
Total Current Liabilities	1,88 md	1,98 md	2,06 md	2,11 md	2,16 md
Long-Term Debt	1,29 md	1,97 md	2,09 md	1,97 md	1,72 md
Long-Term Leases	3,52 md	4,17 md	3,63 md	3,67 md	4,01 md
Deferred Tax Liability Non Current	77 mn	90 mn	72 mn	71 mn	78 mn
Other Non Current Liabilities	−1 mn	-	3 mn	-	-
Total Liabilities	6,76 md	8,21 md	7,85 md	7,82 md	7,96 md
Common Stock, Total	361 mn	365 mn	366 mn	431 mn	435 mn
Additional Paid In Capital	3,99 md	4,01 md	2,52 md	3,04 md	3,05 md
Retained Earnings	−3,14 md	−3,47 md	−2,42 md	−2,67 md	−2,44 md
Treasury Stock	-	−19 mn	−17 mn	−14 mn	−24 mn
Comprehensive Income and Other	15 mn	−5 mn	34 mn	66 mn	0
Total Common Equity	1,22 md	885 mn	483 mn	860 mn	1,02 md
Minority Interest	-	-	-	-	-
Total Equity	1,22 md	885 mn	483 mn	860 mn	1,02 md
Total Liabilities And Equity	7,99 md	9,09 md	8,34 md	8,68 md	8,98 md
Kompletterande objekt
ECS Total Shares Outstanding on Filing Date	170 mn	171 mn	171 mn	203 mn	204 mn
ECS Total Common Shares Outstanding	170 mn	171 mn	171 mn	203 mn	204 mn
Book Value / Share	7,19	5,18	2,82	4,24	5
Tangible Book Value	−1,24 md	−1,69 md	−2,09 md	−1,73 md	−1,61 md
Tangible Book Value Per Share	−7,3	−9,91	−12,17	−8,53	−7,88
Total Debt	5,59 md	6,95 md	6,56 md	6,52 md	6,68 md
Net Debt	5,42 md	6,49 md	6,27 md	6,18 md	6,39 md
Debt Equivalent Oper. Leases	-	-	-	128 mn	136 mn
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	48,02 mn	57,9 mn	62,75 mn	55,41 mn
Inventories - Others	41 mn	-	-	-	-
Machinery, Total	1,21 md	1,3 md	1,33 md	1,44 md	1,52 md
Full Time Employees	2,28 tn	1,58 tn	1,83 tn	2,07 tn	7,87 tn
Accumulated Allowance for Doubtful Accounts (Supple)	205 mn	205 mn	221 mn	253 mn	181 mn

Skatteperiod: December	2019	2020	2021	2022	2023
Net Income	187 mn	−325 mn	−452 mn	−246 mn	224 mn
Depreciation & Amortization - CF	921 mn	985 mn	974 mn	1,04 md	1,12 md
Amortization of Goodwill and Intangible Assets - (CF)	8 mn	10 mn	13 mn	13 mn	11 mn
Depreciation & Amortization, Total	929 mn	995 mn	987 mn	1,05 md	1,13 md
Amortization of Deferred Charges, Total - (CF)	43 mn	50 mn	55 mn	72 mn	52 mn
(Gain) Loss From Sale Of Asset	-	77 mn	3 mn	9 mn	−1 mn
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	265 mn	315 mn	196 mn	243 mn	379 mn
Change In Accounts Receivable	−11 mn	16 mn	3 mn	−8 mn	−11 mn
Change In Inventories	−10 mn	−7 mn	−9 mn	-	2 mn
Change In Accounts Payable	−20 mn	−3 mn	18 mn	−21 mn	13 mn
Change in Other Net Operating Assets	−38 mn	−5 mn	119 mn	−15 mn	−26 mn
Cash from Operations	1,34 md	1,11 md	920 mn	1,08 md	1,76 md
Capital Expenditure	−265 mn	−230 mn	−232 mn	−256 mn	−167 mn
Sale of Property, Plant, and Equipment	2 mn	1 mn	1 mn	1 mn	1 mn
Cash Acquisitions	−60 mn	−60 mn	−9 mn	−49 mn	-
Divestitures	2 mn	−42 mn	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-	-	-	−9 mn	−6 mn
Cash from Investing	−321 mn	−331 mn	−240 mn	−313 mn	−172 mn
Long-Term Debt Issued, Total	1,49 md	575 mn	200 mn	200 mn	-
Total Debt Issued	1,49 md	575 mn	200 mn	200 mn	-
Long-Term Debt Repaid, Total	−2,64 md	−805 mn	−802 mn	−1,16 md	−1,24 md
Total Debt Repaid	−2,64 md	−805 mn	−802 mn	−1,16 md	−1,24 md
Issuance of Common Stock	1,36 md	27 mn	11 mn	604 mn	14 mn
Repurchase of Common Stock	-	−20 mn	-	-	−21 mn
Common Dividends Paid	−1,03 md	-	-	-	-
Common & Preferred Stock Dividends Paid	−1,03 md	-	-	-	-
Other Financing Activities, Total	−397 mn	−276 mn	−286 mn	−324 mn	−345 mn
Cash from Financing	−1,22 md	−499 mn	−877 mn	−681 mn	−1,59 md
Foreign Exchange Rate Adjustments	8 mn	7 mn	22 mn	−24 mn	−63 mn
Miscellaneous Cash Flow Adjustments	1 mn	-	-	-	1 mn
Net Change in Cash	−192 mn	290 mn	−175 mn	64 mn	−63 mn
Kompletterande punkter
Cash Interest Paid	254 mn	274 mn	296 mn	309 mn	347 mn
Cash Income Tax Paid (Refund)	60 mn	22 mn	32 mn	23 mn	4 mn
Levered Free Cash Flow	915 mn	690 mn	605 mn	669 mn	1,16 md
Unlevered Free Cash Flow	1,07 md	880 mn	784 mn	827 mn	1,38 md
Change In Net Working Capital	−43 mn	−11 mn	−111 mn	56 mn	2 mn
Net Debt Issued / Repaid	−1,15 md	−230 mn	−602 mn	−961 mn	−1,24 md

Skatteperiod: December	2019	2020	2021	2022	2023
Lönsamhet
Return on Assets	4,19	0,64	−1,58	0,23	4,17
Return on Total Capital	4,93	0,74	−1,85	0,27	4,88
Return On Equity %	18,85	−30,83	−66,08	−36,63	23,83
Return on Common Equity	18,81	−30,83	−66,08	−36,63	23,83
Marginalanalys
Gross Profit Margin %	60,42	58,29	53,65	57,52	61,68
SG&A Margin	3,24	4,3	5,11	4,09	2,32
EBITDA Margin %	17,06	7,81	−1,17	5,36	16,37
EBITA Margin %	13,04	2,74	−6,38	1,08	12,67
EBIT Margin %	12,84	2,46	−6,78	0,76	12,44
Income From Continuing Operations Margin %	4,69	−9,2	−13,92	−6,03	4,73
Net Income Margin %	4,69	−9,2	−13,92	−6,03	4,73
Net Avail. For Common Margin %	4,69	−9,2	−13,92	−6,03	4,73
Normalized Net Income Margin	3,87	−3,15	−9,99	−3,86	4,13
Levered Free Cash Flow Margin	22,95	19,52	18,64	16,4	24,44
Unlevered Free Cash Flow Margin	26,84	24,91	24,13	20,27	29,09
Tillgångsomslutning
Asset Turnover	0,52	0,41	0,37	0,48	0,54
Fixed Assets Turnover	0,94	0,71	0,64	0,85	0,93
Receivables Turnover (Average Receivables)	20,24	18,6	16,28	18,68	20,81
Inventory Turnover (Average Inventory)	45,74	33,12	28,67	30,42	32,39
Kortfristig likviditet
Current Ratio	0,34	0,5	0,37	0,41	0,37
Quick Ratio	0,28	0,39	0,25	0,29	0,26
Operating Cash Flow to Current Liabilities	0,72	0,56	0,45	0,51	0,82
Days Sales Outstanding (Average Receivables)	18,03	19,68	22,43	19,54	17,54
Days Outstanding Inventory (Average Inventory)	7,98	11,05	12,73	12	11,27
Average Days Payable Outstanding	26,27	29,78	30,98	26,73	24,78
Cash Conversion Cycle (Average Days)	−0,25	0,95	4,18	4,8	4,03
Långsiktig solvens
Total Debt/Equity	456,99	784,97	1,36 tn	758,6	654,51
Total Debt / Total Capital	82,05	88,7	93,14	88,35	86,75
LT Debt/Equity	393,62	693,9	1,18 tn	655,35	561,76
Long-Term Debt / Total Capital	70,67	78,41	81,32	76,33	74,45
Total Liabilities / Total Assets	84,69	90,26	94,21	90,09	88,65
EBIT / Interest Expense	2,06	0,29	−0,77	0,12	1,67
EBITDA / Interest Expense	5,81	3,55	2,69	4,26	4,87
(EBITDA - Capex) / Interest Expense	4,74	2,79	1,88	3,25	4,4
Total Debt / EBITDA	3,88	6,42	8,55	6,05	3,89
Net Debt / EBITDA	3,76	6	8,18	5,73	3,72
Total Debt / (EBITDA - Capex)	4,75	8,15	12,25	7,93	4,31
Net Debt / (EBITDA - Capex)	4,61	7,62	11,73	7,51	4,13
Tillväxt jämfört med föregående år
Total Revenues, 1 Yr. Growth %	22,34	−11,36	−8,12	25,72	15,97
Gross Profit, 1 Yr. Growth %	23,22	−14,49	−15,44	34,79	24,36
EBITDA, 1 Yr. Growth %	3,19	−60,12	−113,77	−676,32	253,88
EBITA, 1 Yr. Growth %	−1,52	−81,77	−313,4	−121,26	1,26 tn
EBIT, 1 Yr. Growth %	−3,03	−83,4	−352,87	−114,09	1,8 tn
Earnings From Cont. Operations, 1 Yr. Growth %	−4,78 tn	−273,8	39,08	−45,58	−191,06
Net Income, 1 Yr. Growth %	−3,22 tn	−273,8	39,08	−45,58	−191,06
Normalized Net Income, 1 Yr. Growth %	−13,58	−171,77	191,57	−51,45	−224,21
Diluted EPS Before Extra, 1 Yr. Growth %	−2,94 tn	−225,46	39,16	−52,83	−188
Accounts Receivable, 1 Yr. Growth %	15,3	−19,05	−3,45	22,96	−11,2
Inventory, 1 Yr. Growth %	46,43	17,07	18,75	0	−3,51
Net Property, Plant and Equip., 1 Yr. Growth %	21,5	14,51	−10,46	2,41	8,01
Total Assets, 1 Yr. Growth %	9,74	13,81	−8,3	4,07	3,55
Tangible Book Value, 1 Yr. Growth %	−22,78	36,42