Thomas Cook Czech Republic

Thomas Cook CR's Cash & Cash Equivalents fell 16.9% yoy to CZK 91.6 mil in 2014

By Helgi Analytics - April 2, 2020

Thomas Cook Czech Republic's total assets reached CZK 219 mil at the end of 2014, down 0.581% compared to the previous year. ...

Profit Statement 2012 2013 2014
Sales CZK mil 643 657 684
Gross Profit CZK mil 33.4 50.5 16.6
EBITDA CZK mil -12.6 4.04 -28.4
EBIT CZK mil -18.8 1.41 -30.4
Financing Cost CZK mil -1.06 -1.16 -5.30
Pre-Tax Profit CZK mil -17.8 2.57 -25.1
Net Profit CZK mil -21.3 2.57 -25.1
Balance Sheet 2012 2013 2014
Total Assets CZK mil 184 221 219
Non-Current Assets CZK mil 5.86 6.31 9.35
Current Assets CZK mil 158 203 202
Working Capital CZK mil -113 -129 -134
Shareholders' Equity CZK mil -19.4 8.20 -16.9
Liabilities CZK mil 204 212 236
Total Debt CZK mil 24.0 32.8 40.8
Net Debt CZK mil -55.1 -77.5 -50.7
Ratios 2012 2013 2014
ROE % 100 -46.0 578
ROCE % 28.7 -2.24 20.3
Gross Margin % 5.20 7.69 2.43
EBITDA Margin % -1.96 0.615 -4.15
EBIT Margin % -2.93 0.214 -4.44
Net Margin % -3.31 0.391 -3.67
Net Debt/EBITDA 4.38 -19.2 1.79
Net Debt/Equity 2.84 -9.45 3.01
Cost of Financing % -2.53 -4.10 -14.4
Cash Flow 2012 2013 2014
Total Cash From Operations CZK mil 24.5 30.3 -2.11
Total Cash From Investing CZK mil -25.2 -3.10 -5.02
Total Cash From Financing CZK mil 15.0 25.0 0
Net Change In Cash CZK mil 14.3 52.2 -7.13
Cash Conversion Cycle days -69.1 -78.7 -73.8
Cash Earnings CZK mil -15.0 5.20 -23.1
Free Cash Flow CZK mil -0.710 27.2 -7.13

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015
income statement                
Sales CZK mil   374 464 520 643 657   ...
Gross Profit CZK mil   14.7 51.2 38.9 33.4 50.5   ...
EBIT CZK mil   -37.4 -0.337 -5.87 -18.8 1.41   ...
Net Profit CZK mil   -48.0 -4.35 -11.3 -21.3 2.57   ...
ROE %   1,096 45.0 64.5 100 -46.0   ...
EBIT Margin %   -9.99 -0.073 -1.13 -2.93 0.214   ...
Net Margin %   -12.8 -0.936 -2.16 -3.31 0.391   ...
Employees   71.0 86.0 88.0 87.0 84.0   ...
balance sheet                
Total Assets CZK mil   79.6 135 158 184 221   ...
Non-Current Assets CZK mil   3.20 5.26 8.33 5.86 6.31   ...
Current Assets CZK mil   67.1 122 136 158 203   ...
Shareholders' Equity CZK mil   -7.49 -11.8 -23.1 -19.4 8.20   ...
Liabilities CZK mil   87.0 146 181 204 212   ...
Non-Current Liabilities CZK mil   0 0 0 0 0   ...
Current Liabilities CZK mil   80.5 143 180 203 212   ...
Net Debt/EBITDA   0.739 45.5 2.08 4.38 -19.2   ...
Net Debt/Equity   3.64 -1.72 0.441 2.84 -9.45   ...
Cost of Financing % ... 649 43.3 10.1 -2.53 -4.10   ...
cash flow                
Total Cash From Operations CZK mil   -29.8 -11.5 23.7 24.5 30.3   ...
Total Cash From Investing CZK mil   -2.09 7.53 -4.05 -25.2 -3.10   ...
Total Cash From Financing CZK mil   45.4 0 -0.337 15.0 25.0   ...
Net Change In Cash CZK mil   13.5 -3.98 19.3 14.3 52.2   ...
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015
income statement                
Sales CZK mil   374 464 520 643 657   ...
Cost of Goods & Services CZK mil   359 413 482 610 606   ...
Gross Profit CZK mil   14.7 51.2 38.9 33.4 50.5   ...
Staff Cost CZK mil   41.1 45.8 46.1 47.6 49.9   ...
Other Cost CZK mil   10.5 4.93 -2.30 -1.66 -3.38   ...
EBITDA CZK mil   -36.9 0.448 -4.88 -12.6 4.04   ...
Depreciation CZK mil   0.510 0.785 0.990 6.26 2.63   ...
EBIT CZK mil   -37.4 -0.337 -5.87 -18.8 1.41   ...
Financing Cost CZK mil   11.7 11.0 5.38 -1.06 -1.16   ...
Extraordinary Cost CZK mil   -1.44 0 0 0 0.005   ...
Pre-Tax Profit CZK mil   -47.6 -11.3 -11.3 -17.8 2.57   ...
Tax CZK mil   0.334 -7.00 0 3.50 0   ...
Minorities CZK mil   0 0 0 0 0   ...
Net Profit CZK mil   -48.0 -4.35 -11.3 -21.3 2.57   ...
growth rates                
Total Revenue Growth % ... 67.5 24.1 12.1 23.6 2.18   ...
Operating Cost Growth % ... 81.0 -1.59 -13.6 4.94 1.13    
EBITDA Growth % ... 4.12 -101 -1,190 158 -132   ...
EBIT Growth % ... 4.71 -99.1 1,643 221 -107   ...
Pre-Tax Profit Growth % ... 16.6 -76.2 -0.802 58.0 -114   ...
Net Profit Growth % ... 16.5 -90.9 159 89.1 -112   ...
ratios                
ROE %   1,096 45.0 64.5 100 -46.0   ...
ROCE % ... 147 14.5 43.0 28.7 -2.24   ...
Gross Margin %   3.92 11.0 7.48 5.20 7.69   ...
EBITDA Margin %   -9.86 0.097 -0.938 -1.96 0.615   ...
EBIT Margin %   -9.99 -0.073 -1.13 -2.93 0.214   ...
Net Margin %   -12.8 -0.936 -2.16 -3.31 0.391   ...
Cost of Financing % ... 649 43.3 10.1 -2.53 -4.10   ...
Net Debt/EBITDA   0.739 45.5 2.08 4.38 -19.2   ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                
Non-Current Assets CZK mil   3.20 5.26 8.33 5.86 6.31   ...
Property, Plant & Equipment CZK mil   1.39 0.909 1.84 2.56 2.20   ...
Intangible Assets CZK mil   1.01 3.55 5.69 2.51 3.31   ...
Current Assets CZK mil   67.1 122 136 158 203   ...
Inventories CZK mil   0 0 0 0 0   ...
Receivables CZK mil   9.84 62.1 53.1 45.7 27.2   ...
Cash & Cash Equivalents CZK mil   30.8 26.9 69.8 79.1 110   ...
Total Assets CZK mil   79.6 135 158 184 221   ...
Shareholders' Equity CZK mil   -7.49 -11.8 -23.1 -19.4 8.20   ...
Of Which Minority Interest CZK mil   0 0 0 0 0   ...
Liabilities CZK mil   87.0 146 181 204 212   ...
Non-Current Liabilities CZK mil   0 0 0 0 0   ...
Long-Term Debt CZK mil   0 0 0 0 0   ...
Deferred Tax Liabilities CZK mil   0 0 0 0 0   ...
Current Liabilities CZK mil   80.5 143 180 203 212   ...
Short-Term Debt CZK mil   3.60 47.2 59.6 24.0 32.8   ...
Trade Payables CZK mil   62.0 78.4 103 159 156   ...
Provisions CZK mil   1.88 1.19 0.593 0.655 0.755   ...
Equity And Liabilities CZK mil   79.6 135 158 184 221   ...
growth rates                
Total Asset Growth % ... -1.58 69.2 17.5 16.5 19.6   ...
Shareholders' Equity Growth % ... 492 58.0 95.1 -16.1 -142   ...
Net Debt Growth % ... 57.1 -175 -150 441 40.7   ...
Total Debt Growth % ... ... 1,211 26.2 -59.7 36.6   ...
ratios                
Total Debt CZK mil   3.60 47.2 59.6 24.0 32.8   ...
Net Debt CZK mil   -27.2 20.4 -10.2 -55.1 -77.5   ...
Working Capital CZK mil   -52.2 -16.4 -49.6 -113 -129   ...
Capital Employed CZK mil   -49.0 -11.1 -41.3 -107 -122   ...
Net Debt/Equity   3.64 -1.72 0.441 2.84 -9.45   ...
Cost of Financing % ... 649 43.3 10.1 -2.53 -4.10   ...
cash flow Unit 2008 2009 2010 2011 2012 2013 2014 2015
cash flow                
Net Profit CZK mil   -48.0 -4.35 -11.3 -21.3 2.57   ...
Depreciation CZK mil   0.510 0.785 0.990 6.26 2.63   ...
Non-Cash Items CZK mil ... -3.12 27.9 0.735 -23.9 9.34   ...
Change in Working Capital CZK mil ... 20.8 -35.8 33.2 63.4 15.7   ...
Total Cash From Operations CZK mil   -29.8 -11.5 23.7 24.5 30.3   ...
Capital Expenditures CZK mil   -2.27 -2.85 -4.06 -3.96 -3.10   ...
Other Investments CZK mil   0.177 10.4 0.009 -21.2 0   ...
Total Cash From Investing CZK mil   -2.09 7.53 -4.05 -25.2 -3.10   ...
Issuance Of Debt CZK mil ... 3.60 43.6 12.4 -35.6 8.78   ...
Total Cash From Financing CZK mil   45.4 0 -0.337 15.0 25.0   ...
Net Change In Cash CZK mil   13.5 -3.98 19.3 14.3 52.2   ...
ratios                
Days Sales Outstanding days   9.60 48.8 37.2 26.0 15.1   ...
Days Sales Of Inventory days   0 0 0 0 0   ...
Days Payable Outstanding days   63.0 69.3 77.8 95.0 93.8   ...
Cash Conversion Cycle days   -53.4 -20.5 -40.6 -69.1 -78.7   ...
Cash Earnings CZK mil   -47.5 -3.56 -10.3 -15.0 5.20   ...
Free Cash Flow CZK mil   -31.9 -3.98 19.6 -0.710 27.2   ...
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015
other data                
ROA %   -59.8 -4.06 -7.69 -12.4 1.27   ...
Gross Margin %   3.92 11.0 7.48 5.20 7.69   ...
Employees   71.0 86.0 88.0 87.0 84.0   ...
Cost Per Employee USD per month   2,529 2,321 2,469 2,333 2,529   ...
Cost Per Employee (Local Currency) CZK per month   48,196 44,360 43,667 45,629 49,484   ...
Staff Cost (As % Of Total Cost) %   9.98 9.85 8.76 7.20 7.61   ...
Effective Tax Rate %   -0.701 61.7 0 -19.7 0   ...
Capital Expenditures (As % of Sales) %   0.607 0.614 0.780 0.616 0.472   ...

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Thomas Cook, s.r.o. is a Czech Republic-based travel agency, a subsidiary of the British global travel company listed on the London Stock Exchange. The British company was formed in 2007 by the merger of Thomas Cook AG, itself the successor to Thomas Cook & Son, and MyTravel Group plc. The group owns a number of tour operators, as well as charter airlines based in the United Kingdom, Belgium and Scandinavia. Thomas Cook also owns the scheduled airline Condor and booking website Hotels4u.

Finance

Thomas Cook Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 100% a year during that time to total of in 2015, or of sales. That’s compared to -1.61% average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 174% and 22.4%, respectively when looking at the previous 5 years.

Thomas Cook Czech Republic’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of -2.73x seen in the last 5 years.