Brakes Income Statement

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2018

Revenue

3.0b3.1b3.3b4.2b

Depreciation and amortization

37.7m34.9m42.2m57.3m

EBIT

73.8m65.1m61.9m43.2m

EBIT margin, %

2%2%2%1%

Interest expense

10.1m10.4m13.3m8.2m

Interest income

62.5m20.4m7.8m4.3m

Pre tax profit

126.2m75.4m56.4m39.3m

Income tax expense

24.6m11.9m22.6m12.0m

Net Income

101.6m63.5m33.8m27.3m

Brakes Balance Sheet

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2018

Cash

134.0m117.7m149.7m119.3m

Accounts Receivable

269.5m268.8m340.6m412.4m

Inventories

122.0m124.1m179.8m220.2m

Current Assets

1.0b1.1b1.3b1.1b

PP&E

194.6m208.9m334.6m371.0m

Total Assets

1.4b1.5b1.9b1.9b

Accounts Payable

381.5m379.1m464.0m495.7m

Short-term debt

113.9m123.1m269.6m301.4m

Current Liabilities

585.8m599.2m911.2m949.0m

Long-term debt

173.6m168.2m234.1m42.7m

Non-Current Liabilities

236.0m250.7m332.3m185.9m

Total Debt

287.5m291.3m503.7m344.1m

Total Liabilities

821.8m849.9m1.2b1.1b

Common Stock

5.4m5.4m5.4m5.4m

Retained Earnings

579.1m630.4m648.6m338.1m

Total Equity

614.1m658.8m691.5m736.9m

Financial Leverage

2.3 x2.3 x2.8 x2.5 x

Brakes Cash Flow

Annual

GBPFY, 2013FY, 2014FY, 2015FY, 2018

Cash From Operating Activities

101.9m112.4m133.3m83.1m

Cash From Investing Activities

(48.5m)(54.2m)(82.5m)(89.8m)

Cash From Financing Activities

(88.2m)(70.0m)(17.8m)(33.5m)

Net Change in Cash

(34.8m)(11.8m)33.0m(40.2m)