ZŁ2 B

LPP Revenue Q3, 2018
LPP Gross profit (Q3, 2018)1 B
LPP Gross profit margin (Q3, 2018), %51%
LPP Net income (Q3, 2018)91.6 M
LPP EBIT (Q3, 2018)129.2 M
LPP Cash, 30-Sep-2018851.2 M

LPP Revenue

LPP revenue was zł7.03 b in FY, 2017 which is a 16.8% year over year increase from the previous period.

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LPP Revenue Breakdown

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LPP revenue breakdown by business segment: 99.7% from Sales of trading commodities and 0.3% from Other

LPP revenue breakdown by geographic segment: 78.2% from EU Member States and 21.8% from Other Countries

LPP Income Statement

Annual

PLNFY, 2015FY, 2016FY, 2017

Revenue

5.1b6.0b7.0b

Revenue growth, %

17%17%

Cost of goods sold

23.9b3.1b3.3b

Gross profit

(18.7b)2.9b3.7b

Gross profit Margin, %

(365%)49%53%

Sales and marketing expense

20.1b2.4b2.8b

General and administrative expense

179.2m203.8m348.1m

Operating expense total

20.4b2.7b3.2b

EBIT

502.7m226.4m578.4m

EBIT margin, %

10%4%8%

Interest expense

90.3m33.7m19.5m

Interest income

2.0m1.3m4.8m

Pre tax profit

4.1b194.1m563.7m

Income tax expense

63.0m19.3m122.9m

Net Income

351.3m174.8m440.8m

LPP Balance Sheet

Annual

PLNFY, 2015FY, 2016FY, 2017

Cash

224.4m365.8m514.8m

Accounts Receivable

115.1m165.4m199.6m

Prepaid Expenses

26.6m37.6m44.4m

Inventories

1.3b1.2b1.5b

PP&E

1.3b1.3b1.3b

Goodwill

209.6m209.6m209.6m

Total Assets

3.6b3.7b4.2b

Accounts Payable

721.4m881.1m1.3b

Short-term debt

561.1m315.1m56.5m

Current Liabilities

1.3b1.3b1.5b

Long-term debt

284.3m195.0m141.8m

Non-Current Liabilities

344.1m267.3m233.1m

Total Debt

845.3m510.1m198.3m

Common Stock

3.7m3.7m3.7m

Additional Paid-in Capital

235.1m251.4m277.6m

Retained Earnings

599.3m429.6m590.2m

Total Equity

1.9b2.1b2.4b

Debt to Equity Ratio

0.4 x0.2 x0.1 x

Debt to Assets Ratio

0.2 x0.1 x0 x

Financial Leverage

1.9 x1.7 x1.7 x

Quarterly

PLNQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

145.3m219.2m265.9m365.8m280.4m514.8m256.4m440.9m651.5m851.2m

Accounts Receivable

109.6m116.5m112.8m165.9m154.8m134.8m181.5m175.2m169.6m207.3m

Prepaid Expenses

27.2m33.2m36.7m37.6m35.3m35.1m40.0m50.9m46.8m43.1m

Inventories

1.4b1.4b1.4b1.2b1.3b1.5b1.6b1.4b1.5b1.6b

PP&E

1.2b1.3b1.3b1.3b1.3b1.3b1.4b1.5b1.6b1.6b

Goodwill

209.6m209.6m209.6m209.6m209.6m209.6m209.6m209.6m209.6m209.6m

Total Assets

3.5b3.7b3.8b3.7b3.7b4.0b4.2b4.2b4.7b5.2b

Accounts Payable

604.0m755.9m808.5m878.3m881.9m1.2b1.4b1.3b1.4b1.8b

Short-term debt

711.8m619.2m689.4m315.1m446.2m255.4m112.1m91.2m172.7m224.1m

Current Liabilities

1.4b14.9b1.5b1.3b1.4b1.7b1.7b1.5b1.9b2.3b

Long-term debt

268.2m239.6m223.5m195.0m181.8m168.5m155.2m128.5m115.2m101.9m

Non-Current Liabilities

326.8m303.3m292.3m269.3m305.0m316.2m307.5m317.9m322.4m315.3m

Total Debt

980.0m858.9m912.9m510.1m628.0m423.9m267.2m219.7m287.9m326.0m

Common Stock

3.7m3.7m3.7m3.7m3.7m3.7m3.7m3.7m3.7m3.7m

Additional Paid-in Capital

243.2m243.2m243.2m251.4m251.4m251.4m277.6m277.6m277.6m277.6m

Retained Earnings

533.8m279.1m272.6m430.8m312.4m205.6m290.7m484.9m197.6m289.1m

Total Equity

1.9b1.9b1.9b2.1b2.0b2.1b2.2b2.3b2.5b2.6b

Debt to Equity Ratio

0.5 x0.4 x0.5 x0.3 x0.2 x0.1 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x0.2 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

1.9 x1.9 x2 x1.7 x1.9 x2 x1.9 x1.8 x1.9 x2 x

LPP Cash Flow

Annual

PLNFY, 2015FY, 2016FY, 2017

Net Income

351.3m174.8m440.9m

Depreciation and Amortization

223.6m267.4m293.4m

Accounts Receivable

6.5m(35.8m)(38.7m)

Inventories

(381.7m)211.7m(354.0m)

Cash From Operating Activities

253.9m718.2m893.2m

Purchases of PP&E

490.6m271.8m441.6m

Cash From Investing Activities

(415.5m)(181.4m)(383.9m)

Dividends Paid

58.0m59.9m65.5m

Cash From Financing Activities

201.2m(393.8m)(359.9m)

Net Change in Cash

39.5m143.0m149.4m

Interest Paid

18.5m21.6m11.6m

Quarterly

PLNQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(65.6m)24.2m17.7m(117.0m)56.2m141.4m(104.8m)101.4m192.9m

Depreciation and Amortization

62.9m129.2m197.3m73.8m147.4m219.9m84.4m170.1m258.3m

Accounts Receivable

(1.5m)11.8m7.4m9.3m61.2m18.6m44.3m41.6m16.1m

Inventories

(46.1m)(80.0m)(85.4m)(89.9m)(341.1m)(498.0m)69.4m(5.9m)(125.7m)

Cash From Operating Activities

(202.2m)77.4m178.8m(93.4m)348.9m478.3m51.0m471.3m901.1m

Purchases of PP&E

36.0m125.4m187.5m112.2m201.5m321.9m148.6m287.0m497.0m

Cash From Investing Activities

(17.5m)(98.9m)(142.1m)(106.3m)(187.0m)(292.6m)(146.0m)(427.3m)(619.6m)

Dividends Paid

59.9m65.5m73.3m

Cash From Financing Activities

141.9m16.7m5.5m114.6m(90.6m)(294.7m)19.8m82.6m54.5m

Net Change in Cash

(77.8m)(4.8m)42.1m(85.1m)71.2m(109.0m)(75.2m)126.6m336.0m

Interest Paid

5.4m11.3m16.9m3.7m7.6m9.5m1.5m3.8m5.5m

LPP Ratios

PLNY, 2018

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

2 x

LPP Operating Metrics

LPP's Stores was reported to be 1.7 k in FY, 2017.
FY, 2015FY, 2016FY, 2017Feb, 2019

Brands

5 5 5 5

Countries

15 18 20 23

Items Sold

140 m

Stores

1.63 k1.70 k1.74 k