Michelin (ML.PA) stock price, revenue, and financials

Michelin annual revenue was €21.96 b in FY 2017

€10.6 B

Michelin Revenue H1, 2018
Michelin Gross profit (H1, 2018)3.5 B
Michelin Gross profit margin (H1, 2018), %33.4%
Michelin Net income (H1, 2018)917 M
Michelin EBIT (H1, 2018)1.4 B

Michelin Revenue Breakdown

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Michelin revenue breakdown by business segment: 27.9% from Truck Tires and Related Distribution, 15.3% from Specialty Businesses and 56.8% from Passenger Car and Light Truck Tires

Michelin revenue breakdown by geographic segment: 37.9% from Europe, 36.7% from North America and 25.5% from Other

Michelin Income Statement

Annual

EURFY, 2017

Revenue

22.0b

Cost of goods sold

14.8b

Gross profit

7.1b

Gross profit Margin, %

33%

Sales and marketing expense

1.9b

R&D expense

641.0m

General and administrative expense

1.9b

Operating expense total

4.4b

EBIT

2.6b

EBIT margin, %

12%

Interest expense

176.0m

Pre tax profit

2.4b

Income tax expense

661.0m

Net Income

1.7b

Half Year

EURH1, 2018

Revenue

10.6b

Cost of goods sold

7.1b

Gross profit

3.5b

Gross profit Margin, %

33%

Sales and marketing expense

932.0m

R&D expense

322.0m

General and administrative expense

943.0m

Operating expense total

2.2b

EBIT

1.4b

EBIT margin, %

13%

Interest expense

44.0m

Pre tax profit

1.2b

Income tax expense

292.0m

Net Income

917.0m

Michelin Balance Sheet

Annual

EURFY, 2017

Cash

1.7b

Accounts Receivable

3.1b

Inventories

4.5b

Current Assets

10.8b

PP&E

10.9b

Goodwill

1.1b

Total Assets

25.3b

Accounts Payable

2.5b

Short-term debt

493.0m

Current Liabilities

5.9b

Long-term debt

2.4b

Non-Current Liabilities

8.1b

Total Debt

2.9b

Total Liabilities

14.0b

Common Stock

359.0m

Additional Paid-in Capital

2.9b

Total Equity

11.3b

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

2.2 x

Half Year

EURH1, 2018

Accounts Receivable

3.7b

Inventories

4.6b

Current Assets

10.7b

PP&E

11.1b

Goodwill

2.2b

Total Assets

27.4b

Accounts Payable

2.2b

Short-term debt

2.6b

Current Liabilities

7.6b

Long-term debt

2.6b

Non-Current Liabilities

8.2b

Total Debt

5.2b

Total Liabilities

15.9b

Common Stock

358.0m

Additional Paid-in Capital

2.9b

Total Equity

11.5b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.4 x

Michelin Cash Flow

Annual

EURFY, 2017

Net Income

1.7b

Depreciation and Amortization

1.3b

Accounts Receivable

(317.0m)

Inventories

(311.0m)

Accounts Payable

404.0m

Cash From Operating Activities

2.7b

Purchases of PP&E

(1.7b)

Cash From Investing Activities

(2.1b)

Long-term Borrowings

(24.0m)

Dividends Paid

(584.0m)

Cash From Financing Activities

(719.0m)

Net Change in Cash

(53.0m)

Half Year

EURH1, 2018

Net Income

917.0m

Depreciation and Amortization

658.0m

Accounts Receivable

(403.0m)

Inventories

(175.0m)

Accounts Payable

(96.0m)

Cash From Operating Activities

805.0m

Purchases of PP&E

(890.0m)

Cash From Investing Activities

2.9b

Long-term Borrowings

(11.0m)

Dividends Paid

637.0m

Cash From Financing Activities

1.3b

Net Change in Cash

(752.0m)

Interest Paid

44.0m

Income Taxes Paid

292.0m

Michelin Ratios

EURY, 2018

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.4 x

Michelin Employee Rating

3.8513 votes
Culture & Values
3.8
Work/Life Balance
3.7
Senior Management
3.2
Salary & Benefits
3.5
Career Opportunities
3.4
Source