Balance Sheet Intertek Group plc

Equities

ITRK

GB0031638363

Business Support Services

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b2774362.x84VH1kQhfCwbFlOm8xuTXAvt9suAPhbv9jqVa8RG78.9pRwVhhf4bWdJWAX0bssKiBF4Z5eUs0h1ujSL9Z-dtSxrUFHGHHSpschEA

Published financial data: INTERTEK GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.79B	3.19B	3.33B	3.39B	3.43B
Total Revenues	2.79B	3.19B	3.33B	3.39B	3.43B
Cost of Goods Sold, Total	1.23B	1.36B	1.42B	1.47B	1.48B
Gross Profit	1.56B	1.83B	1.91B	1.92B	1.95B
Provision for Bad Debts	-	-	2.3M	3.2M	4.9M
Depreciation & Amortization - (IS)	169M	180M	175M	162M	167M
Other Operating Expenses	941M	1.17B	1.22B	1.2B	1.2B
Other Operating Expenses, Total	1.11B	1.35B	1.39B	1.37B	1.37B
Operating Income	444M	485M	518M	555M	585M
Interest Expense, Total	-26.7M	-39.8M	-44.4M	-41.3M	-48.8M
Interest And Investment Income	1.5M	2.2M	3.8M	2.5M	3.7M
Net Interest Expenses	-25.2M	-37.6M	-40.6M	-38.8M	-45.1M
Currency Exchange Gains (Loss)	2.3M	8.6M	-2.5M	-2.4M	-2.6M
Other Non Operating Income (Expenses)	-5.4M	-3M	-1.8M	-2.1M	-2.8M
EBT, Excl. Unusual Items	416M	453M	473M	512M	535M
Restructuring Charges	-	-27.4M	-22.4M	-15.8M	-37.1M
Merger & Related Restructuring Charges	-11.4M	-5.5M	-8.3M	-2.5M	-4.3M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	8.6M	-700K	-20M	-3.4M	-
EBT, Incl. Unusual Items	413M	420M	422M	490M	493M
Income Tax Expense	107M	113M	104M	123M	130M
Earnings From Continuing Operations	307M	307M	318M	367M	363M
Net Income to Company	307M	307M	318M	367M	363M
Minority Interest	-18.6M	-18M	-20.7M	-21.8M	-19.7M
Net Income - (IS)	288M	289M	297M	345M	344M
Net Income to Common Incl Extra Items	288M	289M	297M	345M	344M
Net Income to Common Excl. Extra Items	288M	289M	297M	345M	344M
Per Share Items
Net EPS - Basic	1.79	1.79	1.84	2.14	2.18
Basic EPS - Continuing Operations	1.79	1.79	1.84	2.14	2.18
Basic Weighted Average Shares Outstanding	161M	161M	161M	161M	158M
Net EPS - Diluted	1.78	1.78	1.83	2.13	2.16
Diluted EPS - Continuing Operations	1.78	1.78	1.83	2.13	2.16
Diluted Weighted Average Shares Outstanding	162M	162M	162M	162M	159M
Normalized Basic EPS	1.5	1.65	1.7	1.85	2
Normalized Diluted EPS	1.49	1.64	1.69	1.84	1.98
Dividend Per Share	1.06	1.06	1.12	1.56	1.65
Payout Ratio	59.22	59.07	59.28	59.67	73.42
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	616M	643M	692M	703M	750M
EBITA	474M	520M	552M	587M	621M
EBIT	444M	485M	518M	555M	585M
EBITDAR	632M	663M	714M	726M	773M
Effective Tax Rate - (Ratio)	25.81	26.92	24.67	25.06	26.39
Total Current Taxes	114M	111M	116M	128M	123M
Total Deferred Taxes	-7.3M	2.3M	-11.8M	-5M	7.4M
Normalized Net Income	242M	265M	275M	298M	315M
Interest on Long-Term Debt	9M	10.2M	10.8M	10.8M	11.5M
Non-Cash Pension Expense	500K	300K	-600K	-600K	-1.1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	27.1M	37.6M	38.7M	42.6M	42.3M
Net Rental Expense, Total	16.6M	19.7M	21.3M	23.2M	23.3M
Imputed Operating Lease Interest Expense	3.31M	4.69M	5.82M	6.5M	6.52M
Imputed Operating Lease Depreciation	13.29M	15.01M	15.48M	16.7M	16.78M
Stock-Based Comp., COGS (Total)	18.6M	17.5M	21.2M	24.4M	24.3M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	18.6M	17.5M	21.2M	24.4M	24.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	266M	322M	299M	343M	329M
Total Cash And Short Term Investments	266M	322M	299M	343M	329M
Accounts Receivable, Total	559M	620M	620M	634M	640M
Other Receivables	78.5M	91.3M	82M	103M	101M
Total Receivables	638M	711M	702M	737M	740M
Inventory	14.9M	16.9M	17.2M	19M	20.1M
Prepaid Expenses	45M	47.4M	53.2M	60.4M	73.2M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	963M	1.1B	1.07B	1.16B	1.16B
Gross Property Plant And Equipment	1.75B	1.94B	1.91B	1.96B	2.04B
Accumulated Depreciation	-1.11B	-1.25B	-1.24B	-1.27B	-1.28B
Net Property Plant And Equipment	642M	694M	670M	693M	761M
Long-term Investments	-	-	-	-	-
Goodwill	1.24B	1.42B	1.39B	1.37B	1.42B
Other Intangibles, Total	358M	363M	331M	304M	329M
Accounts Receivable Long-Term	-	13.1M	13.9M	7.5M	7.4M
Deferred Tax Assets Long-Term	39.3M	45M	36.4M	34.5M	34.8M
Other Long-Term Assets, Total	5.4M	29.7M	29.7M	35.1M	43.8M
Total Assets	3.25B	3.66B	3.54B	3.6B	3.76B
Liabilities
Accounts Payable, Total	153M	172M	205M	223M	230M
Accrued Expenses, Total	296M	308M	306M	319M	304M
Short-term Borrowings	1.9M	900K	700K	6.5M	4.6M
Current Portion of Long-Term Debt	460M	262M	96.8M	94.8M	159M
Current Portion of Leases	63.5M	70.6M	69.9M	70.1M	70.3M
Current Income Taxes Payable	59.1M	71M	60.5M	67.2M	49.7M
Unearned Revenue Current, Total	135M	157M	148M	137M	146M
Other Current Liabilities	96.6M	102M	94.8M	133M	111M
Total Current Liabilities	1.27B	1.14B	982M	1.05B	1.07B
Long-Term Debt	537M	797M	812M	742M	1.16B
Long-Term Leases	229M	252M	238M	230M	252M
Unearned Revenue Non Current	6.1M	6.6M	6.4M	22M	9.5M
Pension & Other Post Retirement Benefits	4M	2.2M	4.8M	5.2M	3.9M
Deferred Tax Liability Non Current	67.4M	99.2M	75.3M	69.9M	96.5M
Other Non Current Liabilities	26.3M	42.6M	59.5M	36.2M	35.5M
Total Liabilities	2.14B	2.34B	2.18B	2.15B	2.63B
Common Stock, Total	1.6M	1.6M	1.6M	1.6M	1.5M
Additional Paid In Capital	258M	258M	258M	258M	258M
Retained Earnings	925M	1.07B	1.19B	1.33B	1.08B
Comprehensive Income and Other	-102M	-41.3M	-128M	-191M	-254M
Total Common Equity	1.08B	1.28B	1.32B	1.4B	1.08B
Minority Interest	32.3M	34M	36.7M	43M	44.6M
Total Equity	1.11B	1.32B	1.36B	1.44B	1.13B
Total Liabilities And Equity	3.25B	3.66B	3.54B	3.6B	3.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	161M	161M	161M	161M	153M
ECS Total Common Shares Outstanding	161M	161M	161M	161M	153M
Book Value / Share	6.72	7.96	8.21	8.71	7.05
Tangible Book Value	-518M	-497M	-393M	-268M	-669M
Tangible Book Value Per Share	-3.21	-3.08	-2.44	-1.67	-4.36
Total Debt	1.29B	1.38B	1.22B	1.14B	1.65B
Net Debt	1.03B	1.06B	918M	799M	1.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.4M	-19.1M	-17M	-22M	-24.2M
Debt Equivalent Oper. Leases	133M	158M	170M	186M	186M
Minority Interest, Total (Incl. Fin. Div)	32.3M	34M	36.7M	43M	44.6M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	577M	645M	634M	658M	689M
Machinery, Total	1.15B	1.27B	1.23B	1.25B	1.29B
Full Time Employees	44.06K	43.6K	43.91K	45K	45.42K
Accumulated Allowance for Doubtful Accounts (Supple)	13.8M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	288M	289M	297M	345M	344M
Depreciation & Amortization - CF	151M	160M	156M	144M	151M
Amortization of Goodwill and Intangible Assets - (CF)	29.3M	34.8M	34.2M	32.3M	35.9M
Depreciation & Amortization, Total	180M	195M	190M	177M	187M
Amortization of Deferred Charges, Total - (CF)	18.7M	20.3M	19.3M	17.3M	16.2M
(Gain) Loss From Sale Of Asset	100K	-400K	-3.2M	-3.9M	-5.7M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	15.3M	2.6M	6.9M	5.3M
Stock-Based Compensation (CF)	18.6M	17.5M	21.2M	24.4M	24.3M
Other Operating Activities, Total	16.1M	19.4M	-2.1M	11.6M	-1.8M
Change In Accounts Receivable	-29.2M	-54.3M	-41.2M	-45.6M	-43.4M
Change In Inventories	600K	-800K	-1.2M	-2.2M	-3.5M
Change In Accounts Payable	62M	61.1M	47.7M	69.8M	900K
Change in Other Net Operating Assets	-4.7M	-2M	4.3M	-3.3M	14M
Cash from Operations	550M	560M	535M	597M	536M
Capital Expenditure	-97.1M	-116M	-117M	-135M	-144M
Sale of Property, Plant, and Equipment	1M	4.2M	11.5M	5M	9.8M
Cash Acquisitions	-492M	-63.2M	-43.2M	-14.9M	-161M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	1.5M	2.2M	3.5M	2.7M	3.6M
Cash from Investing	-586M	-173M	-145M	-142M	-292M
Long-Term Debt Issued, Total	471M	477M	160M	24.7M	606M
Total Debt Issued	471M	477M	160M	24.7M	606M
Long-Term Debt Repaid, Total	-143M	-618M	-327M	-173M	-171M
Total Debt Repaid	-143M	-618M	-327M	-173M	-171M
Repurchase of Common Stock	-18.1M	-6.7M	-17.2M	-32.1M	-380M
Common Dividends Paid	-171M	-171M	-176M	-206M	-252M
Common & Preferred Stock Dividends Paid	-171M	-171M	-176M	-206M	-252M
Other Financing Activities, Total	-17M	-16.6M	-15.8M	-16.1M	-44.2M
Cash from Financing	123M	-335M	-376M	-402M	-241M
Foreign Exchange Rate Adjustments	-6M	5M	-35.8M	-14.6M	-15.4M
Net Change in Cash	80.6M	56.7M	-22.1M	37.9M	-11.9M
Supplemental Items
Cash Interest Paid	27M	37.5M	71.9M	52.2M	66.1M
Cash Income Tax Paid (Refund)	102M	107M	119M	126M	134M
Levered Free Cash Flow	426M	387M	417M	425M	362M
Unlevered Free Cash Flow	443M	412M	444M	451M	393M
Change In Net Working Capital	-45.1M	7.9M	-7M	-20.6M	55.7M
Net Debt Issued / Repaid	328M	-141M	-167M	-148M	435M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.47	8.78	8.99	9.72	9.94
Return on Total Capital	13.05	11.88	12.27	13.43	13.64
Return On Equity %	28.97	25.23	23.76	26.18	28.24
Return on Common Equity	28.01	24.41	22.81	25.35	27.65
Margin Analysis
Gross Profit Margin %	55.81	57.35	57.45	56.68	56.91
EBITDA Margin %	22.1	20.14	20.8	20.72	21.85
EBITA Margin %	17	16.29	16.59	17.31	18.1
EBIT Margin %	15.95	15.2	15.56	16.36	17.06
Income From Continuing Operations Margin %	11.01	9.61	9.56	10.82	10.58
Net Income Margin %	10.34	9.04	8.93	10.18	10.01
Net Avail. For Common Margin %	10.34	9.04	8.93	10.18	10.01
Normalized Net Income Margin	8.67	8.31	8.26	8.78	9.17
Levered Free Cash Flow Margin	15.3	12.12	12.52	12.53	10.56
Unlevered Free Cash Flow Margin	15.9	12.9	13.35	13.29	11.45
Asset Turnover
Asset Turnover	0.95	0.92	0.92	0.95	0.93
Fixed Assets Turnover	4.54	4.78	4.88	4.98	4.72
Receivables Turnover (Average Receivables)	5.12	5.42	5.37	5.41	5.39
Inventory Turnover (Average Inventory)	81.01	85.64	83.06	81.21	75.64
Short Term Liquidity
Current Ratio	0.76	0.96	1.09	1.1	1.08
Quick Ratio	0.71	0.9	1.02	1.03	1
Operating Cash Flow to Current Liabilities	0.43	0.49	0.55	0.57	0.5
Days Sales Outstanding (Average Receivables)	71.24	67.37	67.96	67.64	67.75
Days Outstanding Inventory (Average Inventory)	4.51	4.26	4.39	4.51	4.83
Average Days Payable Outstanding	43.8	43.56	48.56	53.2	55.83
Cash Conversion Cycle (Average Days)	31.94	28.07	23.79	18.95	16.74
Long Term Solvency
Total Debt/Equity	115.9	104.83	89.53	79.06	146.18
Total Debt / Total Capital	53.68	51.18	47.24	44.15	59.38
LT Debt/Equity	68.74	79.57	77.22	67.2	125.44
Long-Term Debt / Total Capital	31.84	38.84	40.74	37.53	50.95
Total Liabilities / Total Assets	65.71	63.99	61.56	59.86	70.03
EBIT / Interest Expense	16.65	12.2	11.66	13.44	11.99
EBITDA / Interest Expense	23.39	17.1	15.95	17.72	15.82
(EBITDA - Capex) / Interest Expense	19.75	14.17	13.32	14.45	12.86
Total Debt / EBITDA	2.07	2.03	1.72	1.56	2.13
Net Debt / EBITDA	1.64	1.56	1.3	1.09	1.71
Total Debt / (EBITDA - Capex)	2.45	2.45	2.06	1.91	2.63
Net Debt / (EBITDA - Capex)	1.95	1.88	1.55	1.34	2.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.63	14.59	4.25	1.94	1.13
Gross Profit, 1 Yr. Growth %	0.81	17.76	3.9	0.56	2.69
EBITDA, 1 Yr. Growth %	5.44	3.01	7.66	1.55	6.61
EBITA, 1 Yr. Growth %	10.83	9.79	6.13	6.38	5.77
EBIT, 1 Yr. Growth %	11.29	9.2	6.7	7.16	5.46
Earnings From Cont. Operations, 1 Yr. Growth %	16.79	0.03	3.68	15.44	-1.09
Net Income, 1 Yr. Growth %	16.5	0.24	2.98	16.14	-0.55
Normalized Net Income, 1 Yr. Growth %	13.59	9.87	3.6	8.4	6.31
Diluted EPS Before Extra, 1 Yr. Growth %	16.73	0.28	2.8	15.98	1.55
Accounts Receivable, 1 Yr. Growth %	5.73	10.84	0.05	2.31	0.87
Inventory, 1 Yr. Growth %	-3.87	13.42	1.78	10.47	5.79
Net Property, Plant and Equip., 1 Yr. Growth %	9.56	8.2	-3.57	3.46	9.83
Total Assets, 1 Yr. Growth %	24.27	12.64	-3.34	1.74	4.51
Tangible Book Value, 1 Yr. Growth %	268.35	-3.98	-20.91	-31.81	149.37
Common Equity, 1 Yr. Growth %	10.97	18.67	3.07	5.93	-22.75
Cash From Operations, 1 Yr. Growth %	-1.54	1.76	-4.45	11.61	-10.15
Capital Expenditures, 1 Yr. Growth %	21.68	19.98	0.34	15.48	7.04
Levered Free Cash Flow, 1 Yr. Growth %	-15.15	-9.25	7.71	2	-14.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-14.89	-7.05	7.94	1.44	-12.88
Dividend Per Share, 1 Yr. Growth %	0	0	5.58	40.11	5.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.42	7.92	9.3	3.09	1.53
Gross Profit, 2 Yr. CAGR %	-3.87	8.96	10.9	2.22	1.05
EBITDA, 2 Yr. CAGR %	-4.91	4.94	5.31	4.56	4.05
EBITA, 2 Yr. CAGR %	-5	10.31	7.95	6.25	6.07
EBIT, 2 Yr. CAGR %	-5.32	10.24	7.94	6.93	6.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.12	8.09	1.84	9.4	6.85
Net Income, 2 Yr. CAGR %	-4.08	8.07	1.6	9.36	7.47
Normalized Net Income, 2 Yr. CAGR %	-4.52	11.71	6.69	5.97	6.96
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.89	8.19	1.53	9.19	8.52
Accounts Receivable, 2 Yr. CAGR %	-2.22	8.26	5.31	1.17	1.58
Inventory, 2 Yr. CAGR %	-11.91	4.42	7.44	6.03	8.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.19	8.88	2.14	-0.12	6.6
Total Assets, 2 Yr. CAGR %	7.38	18.31	4.34	-0.84	3.11
Tangible Book Value, 2 Yr. CAGR %	58.44	88.07	-12.86	-26.56	30.4
Common Equity, 2 Yr. CAGR %	6.39	14.76	10.59	4.49	-9.54
Cash From Operations, 2 Yr. CAGR %	-1.13	0.1	-1.39	3.27	0.14
Capital Expenditures, 2 Yr. CAGR %	-8.82	20.83	9.72	7.65	11.18
Levered Free Cash Flow, 2 Yr. CAGR %	6.18	-12.25	-1.13	4.82	-6.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.19	-11.06	0.17	4.64	-5.99
Dividend Per Share, 2 Yr. CAGR %	0	0	2.75	21.62	21.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.18	2.25	6.68	6.79	2.43
Gross Profit, 3 Yr. CAGR %	-0.15	2.86	7.43	7.34	1.99
EBITDA, 3 Yr. CAGR %	3.3	-1.9	5.84	4.04	5.24
EBITA, 3 Yr. CAGR %	-0.6	-0.31	8.9	7.42	6.09
EBIT, 3 Yr. CAGR %	-0.99	-0.71	9.05	7.68	6.44
Earnings From Cont. Operations, 3 Yr. CAGR %	0.16	-2.75	6.6	6.18	5.79
Net Income, 3 Yr. CAGR %	0.43	-2.66	6.34	6.23	5.95
Normalized Net Income, 3 Yr. CAGR %	-1.12	0.06	8.94	7.26	5.83
Diluted EPS Before Extra, 3 Yr. CAGR %	0.61	-2.52	6.37	6.14	6.58
Accounts Receivable, 3 Yr. CAGR %	-1.5	1.95	5.45	4.3	1.07
Inventory, 3 Yr. CAGR %	-6.62	-4.16	3.53	8.44	5.95
Net Property, Plant and Equip., 3 Yr. CAGR %	13.31	2.53	4.56	2.58	3.1
Total Assets, 3 Yr. CAGR %	7.26	9.1	10.6	3.46	0.91
Tangible Book Value, 3 Yr. CAGR %	16.16	34.08	40.9	-19.7	10.38
Common Equity, 3 Yr. CAGR %	7.38	10.34	10.72	9.02	-5.52
Cash From Operations, 3 Yr. CAGR %	6.27	-0.17	-1.44	2.76	-1.41
Capital Expenditures, 3 Yr. CAGR %	3.02	-0.09	13.57	11.61	7.44
Levered Free Cash Flow, 3 Yr. CAGR %	10.15	0.77	-6.05	-0.1	-2.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	9.72	0.94	-5.13	0.59	-1.56
Dividend Per Share, 3 Yr. CAGR %	2.2	0	1.83	13.94	15.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.65	2.89	3.51	2.58	4.59
Gross Profit, 5 Yr. CAGR %	1.75	3.42	4.13	2.71	4.83
EBITDA, 5 Yr. CAGR %	4.97	3.2	4.39	0.64	5.12
EBITA, 5 Yr. CAGR %	3.09	2.12	2.73	2.27	7.76
EBIT, 5 Yr. CAGR %	2.5	1.42	2.49	2.28	7.94
Earnings From Cont. Operations, 5 Yr. CAGR %	2.46	0.03	0.83	1.94	6.7
Net Income, 5 Yr. CAGR %	2.47	0.1	0.9	1.98	6.79
Normalized Net Income, 5 Yr. CAGR %	2.31	1.52	1.93	2.38	8.15
Diluted EPS Before Extra, 5 Yr. CAGR %	2.56	0.24	0.98	2.01	7.22
Accounts Receivable, 5 Yr. CAGR %	3.41	2.04	1.17	1.64	3.89
Inventory, 5 Yr. CAGR %	-4.85	-1.58	-1.23	-0.21	5.34
Net Property, Plant and Equip., 5 Yr. CAGR %	7.68	10.55	8.7	1.47	5.37
Total Assets, 5 Yr. CAGR %	8.65	12.27	6.08	5.01	7.54
Tangible Book Value, 5 Yr. CAGR %	18.98	59.55	3.55	5.39	36.6
Common Equity, 5 Yr. CAGR %	13.77	12.59	8.65	7.96	2.12
Cash From Operations, 5 Yr. CAGR %	5.57	4.46	3.13	1.19	-0.81
Capital Expenditures, 5 Yr. CAGR %	2.46	4.9	5.65	2.94	12.61
Levered Free Cash Flow, 5 Yr. CAGR %	13.99	3.08	5.49	2.37	-6.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.22	3.43	5.79	2.41	-5.47
Dividend Per Share, 5 Yr. CAGR %	11.14	8.21	2.42	8.14	9.29