Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA: ML)

ML Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	3,082	2,515	2,584	4,482	4,747	1,466
Short-Term Investments	-	285	285	435	285	180
Trading Asset Securities	-	1	1	-	-	-
Cash & Short-Term Investments	3,082	2,801	2,870	4,917	5,032	1,646
Cash Growth	7.84%	-2.40%	-41.63%	-2.29%	205.71%	-28.68%
Accounts Receivable	4,001	3,850	4,205	3,576	3,117	3,532
Other Receivables	-	539	494	317	240	265
Receivables	4,001	4,581	4,913	4,074	3,449	3,992
Inventory	5,851	5,447	6,318	5,115	3,959	4,694
Other Current Assets	2,013	840	973	818	642	811
Total Current Assets	14,947	13,669	15,074	14,924	13,082	11,143
Property, Plant & Equipment	13,293	13,342	13,146	12,265	11,904	13,169
Long-Term Investments	903	1,533	1,739	1,631	1,170	1,324
Goodwill	3,013	2,982	2,430	2,286	2,136	2,388
Other Intangible Assets	1,776	1,794	1,803	1,811	1,980	2,280
Long-Term Deferred Tax Assets	906	932	630	751	729	814
Other Long-Term Assets	1,531	403	295	489	342	282
Total Assets	36,369	35,195	35,346	34,544	31,637	31,677
Accounts Payable	3,493	3,605	4,011	3,787	2,728	3,097
Accrued Expenses	-	1,624	1,356	1,465	1,083	1,152
Short-Term Debt	401	295	649	258	940	295
Current Portion of Long-Term Debt	729	296	1,177	1,424	606	637
Current Portion of Leases	239	241	233	229	222	226
Current Income Taxes Payable	-	193	195	238	186	145
Other Current Liabilities	3,334	1,490	1,417	1,457	1,371	1,541
Total Current Liabilities	8,196	7,744	9,038	8,858	7,136	7,093
Long-Term Debt	5,661	4,672	4,705	5,360	6,169	5,026
Long-Term Leases	715	738	690	731	801	897
Long-Term Deferred Tax Liabilities	482	497	541	503	425	455
Other Long-Term Liabilities	811	860	695	759	775	1,104
Total Liabilities	18,513	17,237	18,230	19,573	19,006	18,448
Common Stock	357	357	357	357	357	357
Additional Paid-In Capital	2,702	2,702	2,702	2,746	2,746	2,789
Retained Earnings	15,534	15,244	14,146	12,397	10,681	10,289
Comprehensive Income & Other	-245	-348	-95	-526	-1,151	-209
Total Common Equity	17,846	17,955	17,110	14,974	12,633	13,226
Minority Interest	10	3	6	-3	-2	3
Shareholders' Equity	17,856	17,958	17,116	14,971	12,631	13,229
Total Liabilities & Equity	36,369	35,195	35,346	34,544	31,637	31,677
Total Debt	7,745	6,242	7,454	8,002	8,738	7,081
Net Cash (Debt)	-4,663	-3,441	-4,584	-3,085	-3,706	-5,435
Net Cash Per Share	-6.47	-4.78	-6.39	-4.29	-5.17	-7.54
Filing Date Shares Outstanding	709.63	714.96	714.12	714.12	713.36	714.51
Total Common Shares Outstanding	709.63	714.96	714.12	714.12	713.36	714.51
Working Capital	6,751	5,925	6,036	6,066	5,946	4,050
Book Value Per Share	25.15	25.11	23.96	20.97	17.71	18.51
Tangible Book Value	13,057	13,179	12,877	10,877	8,517	8,558
Tangible Book Value Per Share	18.40	18.43	18.03	15.23	11.94	11.98
Land	-	7,672	7,577	7,067	6,706	7,007
Machinery	-	25,436	24,804	22,976	21,703	22,640

Source: S&P Capital IQ. Standard template. Financial Sources.