Central European Media Enterprises's operating cash flow stood at USD 39.1 mil in 2Q2020, down 11.7% when compared to the previous year. Historically, between 2Q1998 - 2Q2020, the firm’s operating cash flow reached a high of USD 344 mil in 2Q2003 and a low of USD -264 mil in 4Q2003.
Central European Media Enterprises's total investments stood at USD -3.90 mil and accounted for 2.88% of sales in 2Q2020. This is compared to an average of 4.11% as seen over the last five years.
Cash from financing amounted to USD -1.92 mil, so the company generated USD 35.8 mil net cash in 2Q2020.
At the end of 2Q2020, the company had a net debt of USD 447 mil, or 2.04x of EBITDA and 72.3% of equity. Net working capital amounted to USD 84.6 mil, or 62.4% of sales. Cash conversion cycle is negative and reached 18.4 days days in 2Q2020. This means Central European Media Enterprises generates revenue from customers before it has to pay its suppliers for inventory, among other things.