Foxconn Czech Republic

Foxconn CR's Cash & Cash Equivalents rose 118% yoy to CZK 838 mil in 2015

By Helgi Analytics - April 2, 2020

Foxconn Czech Republic's total assets reached CZK 25,143 mil at the end of 2015, up 2.4% compared to the previous year. ...

Profit Statement 2013 2014 2015
Sales CZK mil 97,306 119,563 126,904
Gross Profit CZK mil 2,524 2,460 2,986
EBITDA CZK mil 1,222 1,768 1,731
EBIT CZK mil 831 1,374 1,365
Financing Cost CZK mil -259 -150 -124
Pre-Tax Profit CZK mil 1,091 1,524 1,488
Net Profit CZK mil 1,010 1,418 1,032
Balance Sheet 2013 2014 2015
Total Assets CZK mil 19,322 24,553 25,143
Non-Current Assets CZK mil 2,875 2,740 2,529
Current Assets CZK mil 16,439 21,805 22,604
Working Capital CZK mil 2,086 5,857 7,525
Shareholders' Equity CZK mil 5,955 7,374 8,406
Liabilities CZK mil 13,367 17,179 16,736
Total Debt CZK mil 1,017 358 110
Net Debt CZK mil -808 -26.2 -728
Ratios 2013 2014 2015
ROE % 18.5 21.3 13.1
ROCE % 18.3 20.9 11.1
Gross Margin % 2.59 2.06 2.35
EBITDA Margin % 1.26 1.48 1.36
EBIT Margin % 0.854 1.15 1.08
Net Margin % 1.04 1.19 0.813
Net Debt/EBITDA -0.661 -0.015 -0.420
Net Debt/Equity -0.136 -0.004 -0.087
Cost of Financing % -19.4 -21.9 -52.8
Cash Flow 2013 2014 2015
Total Cash From Operations CZK mil 2,033 -1,541 868
Total Cash From Investing CZK mil -24.8 -258 -166
Total Cash From Financing CZK mil -1,655 358 -249
Net Change In Cash CZK mil 353 -1,440 453
Cash Conversion Cycle days 7.02 17.2 21.0
Cash Earnings CZK mil 1,400 1,811 1,398
Free Cash Flow CZK mil 2,008 -1,799 702

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                          
Sales CZK mil             84,154 110,199 102,327 105,118 97,306    
Gross Profit CZK mil             2,519 2,876 1,707 2,385 2,524    
EBIT CZK mil             509 772 -409 695 831    
Net Profit CZK mil             526 383 -24.0 858 1,010    
ROE %             20.0 10.9 -0.586 19.0 18.5    
EBIT Margin %             0.605 0.701 -0.400 0.662 0.854    
Net Margin %             0.625 0.348 -0.023 0.817 1.04    
Employees             3,632 2,803 3,247 4,110 3,636    
balance sheet                          
Total Assets CZK mil             15,003 19,299 18,073 16,701 19,322    
Non-Current Assets CZK mil             2,678 3,433 3,437 3,031 2,875    
Current Assets CZK mil             12,316 15,859 14,632 13,665 16,439    
Shareholders' Equity CZK mil             2,891 4,109 4,086 4,944 5,955    
Liabilities CZK mil             12,112 15,190 13,987 11,757 13,367    
Non-Current Liabilities CZK mil             1,501 1,570 2,478 1,695 81.5    
Current Liabilities CZK mil             10,611 13,620 11,509 10,062 13,285    
Net Debt/EBITDA             0.548 0.050 70.3 0.160 -0.661    
Net Debt/Equity             0.161 0.013 0.275 0.037 -0.136    
Cost of Financing % ... ... ... ... ... ... -9.92 36.5 -27.6 -14.4 -19.4    
cash flow                          
Total Cash From Operations CZK mil             -992 577 -357 959 2,033    
Total Cash From Investing CZK mil             -208 -990 -718 -19.0 -24.8    
Total Cash From Financing CZK mil             1,031 807 1,039 -389 -1,655    
Net Change In Cash CZK mil             -169 394 -36.0 551 353    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                          
Sales CZK mil             84,154 110,199 102,327 105,118 97,306    
Cost of Goods & Services CZK mil             81,635 107,323 100,620 102,733 94,781    
Gross Profit CZK mil             2,519 2,876 1,707 2,385 2,524    
Staff Cost CZK mil             1,260 1,446 1,668 1,553 1,417    
Other Cost CZK mil             410 346 23.0 -316 -114    
EBITDA CZK mil             849 1,084 16.0 1,148 1,222    
Depreciation CZK mil             340 312 425 453 390    
EBIT CZK mil             509 772 -409 695 831    
Financing Cost CZK mil             -51.0 372 -422 -266 -259    
Extraordinary Cost CZK mil             37.0 0 0 0 0.081    
Pre-Tax Profit CZK mil             523 400 13.0 961 1,091    
Tax CZK mil             -4.00 17.0 38.0 103 80.7    
Minorities CZK mil ... ... ... ... ... ... ... ... ... 0.506 0.081    
Net Profit CZK mil             526 383 -24.0 858 1,010    
growth rates                          
Total Revenue Growth % ...           -6.36 30.9 -7.14 2.73 -7.43    
Operating Cost Growth % ...           -26.5 7.31 -5.64 -26.8 5.32    
EBITDA Growth % ...           -226 27.7 -98.5 7,075 6.41    
EBIT Growth % ...           -155 51.7 -153 -270 19.6    
Pre-Tax Profit Growth % ...           -146 -23.5 -96.8 7,294 13.5    
Net Profit Growth % ...           -146 -27.2 -106 -3,676 17.7    
ratios                          
ROE %             20.0 10.9 -0.586 19.0 18.5    
ROCE % ...           13.3 6.26 -0.320 12.5 18.3    
Gross Margin %             2.99 2.61 1.67 2.27 2.59    
EBITDA Margin %             1.01 0.984 0.016 1.09 1.26    
EBIT Margin %             0.605 0.701 -0.400 0.662 0.854    
Net Margin %             0.625 0.348 -0.023 0.817 1.04    
Cost of Financing % ... ... ... ... ... ... -9.92 36.5 -27.6 -14.4 -19.4    
Net Debt/EBITDA             0.548 0.050 70.3 0.160 -0.661    
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                          
Non-Current Assets CZK mil             2,678 3,433 3,437 3,031 2,875    
Property, Plant & Equipment CZK mil             2,679 3,414 3,392 2,979 2,842    
Intangible Assets CZK mil             88.0 89.0 107 110 85.5    
Current Assets CZK mil             12,316 15,859 14,632 13,665 16,439    
Inventories CZK mil             3,236 3,966 3,743 2,901 3,515    
Receivables CZK mil             8,156 10,652 9,135 8,305 10,140    
Cash & Cash Equivalents CZK mil             563 957 920 1,471 1,825    
Total Assets CZK mil             15,003 19,299 18,073 16,701 19,322    
Shareholders' Equity CZK mil             2,891 4,109 4,086 4,944 5,955    
Of Which Minority Interest CZK mil             0 0 0 0 0    
Liabilities CZK mil             12,112 15,190 13,987 11,757 13,367    
Non-Current Liabilities CZK mil             1,501 1,570 2,478 1,695 81.5    
Long-Term Debt CZK mil             0 0 0 0 0    
Current Liabilities CZK mil             10,611 13,620 11,509 10,062 13,285    
Short-Term Debt CZK mil             1,028 1,011 2,044 1,655 1,017    
Trade Payables CZK mil             9,188 10,704 8,650 8,173 11,569    
Provisions CZK mil             22.0 52.0 40.0 33.9 24.2    
Equity And Liabilities CZK mil             15,003 19,299 18,073 16,701 19,322    
growth rates                          
Total Asset Growth % ...           11.1 28.6 -6.35 -7.59 15.7    
Shareholders' Equity Growth % ...           22.1 42.1 -0.560 21.0 20.4    
Net Debt Growth % ...           -164 -88.4 1,981 -83.7 -540    
Total Debt Growth % ... ... ... ... ... ... ... -1.65 102 -19.0 -38.6    
ratios                          
Total Debt CZK mil             1,028 1,011 2,044 1,655 1,017    
Net Debt CZK mil             465 54.0 1,124 184 -808    
Working Capital CZK mil             2,204 3,914 4,228 3,033 2,086    
Capital Employed CZK mil             4,882 7,347 7,665 6,064 4,961    
Net Debt/Equity             0.161 0.013 0.275 0.037 -0.136    
Cost of Financing % ... ... ... ... ... ... -9.92 36.5 -27.6 -14.4 -19.4    
cash flow Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                          
Net Profit CZK mil             526 383 -24.0 858 1,010    
Depreciation CZK mil             340 312 425 453 390    
Non-Cash Items CZK mil ...           150 1,592 -444 -1,548 -314    
Change in Working Capital CZK mil ...           -2,008 -1,710 -314 1,195 946    
Total Cash From Operations CZK mil             -992 577 -357 959 2,033    
Capital Expenditures CZK mil             -208 -990 -369 -140 -223    
Other Investments CZK mil             0 0 -349 121 198    
Total Cash From Investing CZK mil             -208 -990 -718 -19.0 -24.8    
Issuance Of Debt CZK mil ...           1,028 -17.0 1,033 -389 -638    
Total Cash From Financing CZK mil             1,031 807 1,039 -389 -1,655    
Net Change In Cash CZK mil             -169 394 -36.0 551 353    
ratios                          
Days Sales Outstanding days             35.4 35.3 32.6 28.8 38.0    
Days Sales Of Inventory days             14.5 13.5 13.6 10.3 13.5    
Days Payable Outstanding days             41.1 36.4 31.4 29.0 44.6    
Cash Conversion Cycle days             8.76 12.4 14.8 10.1 7.02    
Cash Earnings CZK mil             866 695 401 1,311 1,400    
Free Cash Flow CZK mil             -1,200 -413 -1,075 940 2,008    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                          
ROA %             3.69 2.23 -0.128 4.94 5.61    
Gross Margin %             2.99 2.61 1.67 2.27 2.59    
Employees             3,632 2,803 3,247 4,110 3,636    
Cost Per Employee USD per month             1,517 2,249 2,420 1,610 1,659    
Cost Per Employee (Local Currency) CZK per month             28,910 42,990 42,809 31,482 32,465    
Staff Cost (As % Of Total Cost) %             1.51 1.32 1.62 1.49 1.47    
Effective Tax Rate %             -0.765 4.25 292 10.7 7.40    
Capital Expenditures (As % of Sales) %             0.247 0.898 0.361 0.133 0.229    
Revenues From Abroad CZK mil ... ... ... ...     82,924 100,774 96,399 104,647 96,601    
Revenues From Abroad (As % Of Total) % ... ... ... ...     98.5 91.4 94.2 99.6 99.3    

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Dec 2013
Company Report

Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company headquartered in Tucheng, New Taipei, Taiwan. It is the world's largest electronics contract manufacturer and the fourth-largest information technology company by revenue. Foxconn is primarily an original design manufacturer and its clients include major American, European, and Japanese electronics and information technology companies. Notable products that the company manufactures include the BlackBerry, iPad, iPhone, iPod, Kindle, PlayStation 3, Playstation 4, and Wii U. Hon Hai Precision Industry Co., Ltd. was founded in 1974 by Terry Gou as a manufacturer of electrical components. Foxconn CZ is the Company's subsidiary in the Czech Republic. It was created in 2000 and belongs among the top 10 largest companies in the country

Finance

Foxconn Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 9.82% a year during that time to total of CZK 1,731 mil in 2015, or 1.36% of sales. That’s compared to 1.04% average margin seen in last five years.

The company netted CZK 1,032 mil in 2015 implying ROE of 13.1% and ROCE of 11.1%. Again, the average figures were 14.3% and 12.5%, respectively when looking at the previous 5 years.

Foxconn Czech Republic’s net debt amounted to CZK -728 mil at the end of 2015, or -0.087 of equity. When compared to EBITDA, net debt was -0.420x, down when compared to average of 13.9x seen in the last 5 years.