Systems Limited (PSX: SYS)

Systems Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	4,413	7,983	5,814	2,979	2,985	1,516
Short-Term Investments	255	717.31	177	667	2,085	780
Trading Asset Securities	2,510	877.42	4,254	4,200	559.85	-
Cash & Short-Term Investments	7,178	9,578	10,245	7,846	5,630	2,296
Cash Growth	-9.50%	-6.52%	30.59%	39.35%	145.19%	117.30%
Accounts Receivable	25,175	20,667	11,087	4,854	3,015	2,327
Other Receivables	450.21	395.88	539.56	224.94	156.67	392.77
Receivables	27,064	21,483	11,992	5,369	3,172	2,719
Inventory	-	1,067	793.61	381.03	81.32	110.2
Prepaid Expenses	-	596.29	524.02	158.26	90.78	198.94
Other Current Assets	2,695	791.12	719.89	230.92	534.26	204.87
Total Current Assets	36,937	33,515	24,275	13,985	9,508	5,529
Property, Plant & Equipment	4,128	4,393	3,523	2,341	1,723	1,578
Long-Term Investments	226.09	282.46	1,106	1,419	-	-
Goodwill	-	5,353	4,368	-	-	-
Other Intangible Assets	9,982	5,159	3,596	23.72	204.25	186.75
Long-Term Deferred Tax Assets	-	-	12.16	75.06	-	-
Other Long-Term Assets	1,246	1,436	1,148	151.64	40.13	83.7
Total Assets	53,136	50,666	38,326	18,031	11,476	7,378
Accounts Payable	8,748	1,321	2,610	646.92	496.58	49.44
Accrued Expenses	8.77	5,503	1,869	1,018	665.39	707.88
Short-Term Debt	1,831	2,119	3,110	2,750	1,449	672
Current Portion of Long-Term Debt	-	-	-	76.82	100.75	-
Current Portion of Leases	243.32	190.06	113	62.2	37.98	29.28
Current Unearned Revenue	3,043	4,646	3,029	948.96	311.4	177.64
Other Current Liabilities	546.07	1,589	2,672	50.79	41.58	27.83
Total Current Liabilities	14,420	15,369	13,403	5,554	3,103	1,664
Long-Term Debt	-	-	-	-	98.01	-
Long-Term Leases	333.19	551.24	491.7	238.88	189.41	129.19
Long-Term Unearned Revenue	16.87	4.28	6.77	81.11	62.2	28.65
Long-Term Deferred Tax Liabilities	-	117.78	-	-	-	-
Other Long-Term Liabilities	1,312	1,818	1,040	-	-	-
Total Liabilities	16,693	18,335	15,397	5,969	3,500	1,849
Common Stock	2,924	2,914	2,904	1,385	1,246	1,235
Additional Paid-In Capital	5,259	4,904	4,671	820.26	614.91	512.15
Retained Earnings	25,022	21,339	14,105	9,528	5,627	3,674
Comprehensive Income & Other	3,236	3,172	1,246	328.05	341.7	128.21
Total Common Equity	36,441	32,329	22,926	12,062	7,830	5,550
Minority Interest	2.49	2.45	2.1	1.17	146.39	-20.66
Shareholders' Equity	36,443	32,332	22,928	12,063	7,976	5,529
Total Liabilities & Equity	53,136	50,666	38,326	18,031	11,476	7,378
Total Debt	2,407	2,860	3,715	3,128	1,875	830.47
Net Cash (Debt)	4,771	6,717	6,531	4,718	3,755	1,466
Net Cash Growth	27.75%	2.86%	38.43%	25.64%	156.18%	145.83%
Net Cash Per Share	16.23	22.93	23.11	17.02	13.56	5.35
Filing Date Shares Outstanding	292.38	291.42	290.41	276.16	274.13	271.74
Total Common Shares Outstanding	292.38	291.42	290.41	276.16	274.13	271.74
Working Capital	22,517	18,147	10,872	8,431	6,406	3,865
Book Value Per Share	124.63	110.94	78.94	43.68	28.56	20.42
Tangible Book Value	26,459	21,818	14,963	12,038	7,625	5,363
Tangible Book Value Per Share	90.49	74.87	51.52	43.59	27.82	19.73
Land	-	592.23	592.23	394.04	394.04	-
Buildings	-	735.54	575.42	576.14	542.72	-
Machinery	-	4,221	2,673	1,964	1,263	-
Construction In Progress	-	-	243.44	22.81	0.75	-
Leasehold Improvements	-	300.34	248.69	77.37	44.69	-

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