Compagnie Générale des Établissements Michelin Société en commandite par actions (FRA:MCH1)

FRA:MCH1 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,119	3,936	2,515	2,584	4,482	4,747
Short-Term Investments	-	290	285	285	435	285
Trading Asset Securities	-	-	1	1	-	-
Cash & Short-Term Investments	3,119	4,226	2,801	2,870	4,917	5,032
Cash Growth	1.20%	50.88%	-2.40%	-41.63%	-2.28%	205.71%
Accounts Receivable	4,025	3,595	3,850	4,205	3,576	3,117
Other Receivables	-	542	539	494	317	240
Receivables	4,025	4,349	4,581	4,913	4,074	3,449
Inventory	5,613	5,699	5,447	6,318	5,115	3,959
Other Current Assets	2,018	1,065	840	973	818	642
Total Current Assets	14,775	15,339	13,669	15,074	14,924	13,082
Property, Plant & Equipment	13,048	13,982	13,342	13,146	12,265	11,904
Long-Term Investments	895	1,504	1,533	1,739	1,631	1,170
Goodwill	2,676	2,829	2,982	2,430	2,286	2,136
Other Intangible Assets	2,001	2,120	1,794	1,803	1,811	1,980
Long-Term Deferred Tax Assets	1,052	1,081	932	630	751	729
Other Long-Term Assets	1,107	141	403	295	489	342
Total Assets	35,554	37,352	35,195	35,346	34,544	31,637
Accounts Payable	3,125	3,775	3,605	4,011	3,787	2,728
Accrued Expenses	-	1,502	1,624	1,356	1,465	1,083
Short-Term Debt	292	297	295	649	258	940
Current Portion of Long-Term Debt	1,304	1,078	296	1,177	1,424	606
Current Portion of Leases	247	258	241	233	229	222
Current Income Taxes Payable	-	247	193	195	238	186
Other Current Liabilities	3,224	1,553	1,490	1,417	1,457	1,371
Total Current Liabilities	8,192	8,710	7,744	9,038	8,858	7,136
Long-Term Debt	4,894	4,934	4,672	4,705	5,360	6,169
Long-Term Leases	786	872	738	690	731	801
Pension & Post-Retirement Benefits	2,605	2,730	2,726	2,561	3,362	3,700
Long-Term Deferred Tax Liabilities	521	544	497	541	503	425
Other Long-Term Liabilities	820	928	860	695	759	775
Total Liabilities	17,818	18,718	17,237	18,230	19,573	19,006
Common Stock	353	353	357	357	357	357
Additional Paid-In Capital	2,322	2,326	2,702	2,702	2,746	2,746
Retained Earnings	16,021	16,021	15,244	14,146	12,397	10,681
Comprehensive Income & Other	-973	-75	-348	-95	-526	-1,151
Total Common Equity	17,723	18,625	17,955	17,110	14,974	12,633
Minority Interest	13	9	3	6	-3	-2
Shareholders' Equity	17,736	18,634	17,958	17,116	14,971	12,631
Total Liabilities & Equity	35,554	37,352	35,195	35,346	34,544	31,637
Total Debt	7,523	7,439	6,242	7,454	8,002	8,738
Net Cash (Debt)	-4,404	-3,213	-3,441	-4,584	-3,085	-3,706
Net Cash Per Share	-6.17	-4.48	-4.78	-6.39	-4.29	-5.17
Filing Date Shares Outstanding	705.75	705.75	714.96	714.12	714.12	713.36
Total Common Shares Outstanding	705.75	705.75	714.96	714.12	714.12	713.36
Working Capital	6,583	6,629	5,925	6,036	6,066	5,946
Book Value Per Share	25.11	26.39	25.11	23.96	20.97	17.71
Tangible Book Value	13,046	13,676	13,179	12,877	10,877	8,517
Tangible Book Value Per Share	18.49	19.38	18.43	18.03	15.23	11.94
Land	-	8,059	7,672	7,577	7,067	6,706
Machinery	-	27,111	25,436	24,804	22,976	21,703

Source: S&P Global Market Intelligence. Standard template. Financial Sources.