Elbit Systems Ltd.
Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter syste…
Aerospace & Defense
IL, Haifa [HQ]
Cash Flow Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Cash Flow (OCF) | 209.00 | 185.00 | 190.00 | 198.00 | 166.00 | 177.00 | 434.00 | 208.00 | 100.00 | 191.00 | -53.00 | 278.00 | 416.00 | 240.00 | 115.00 | |
| Operating Cash (Net) | 209.00 | 185.00 | 190.00 | 198.00 | 166.00 | 177.00 | 434.00 | 208.00 | 100.00 | 191.00 | -53.00 | 278.00 | 416.00 | 240.00 | 115.00 | |
| Accounts Receivable | -136.00 | -92.00 | -65.00 | -91.00 | -108.00 | -67.00 | 31.00 | -297.00 | -315.00 | -89.00 | -267.00 | -508.00 | -430.00 | 97.00 | -98.00 | |
| Accounts Payable | 20.00 | 40.00 | 17.00 | -75.00 | 55.00 | 81.00 | -74.00 | 253.00 | 63.00 | -89.00 | 115.00 | 143.00 | 430.00 | -117.00 | 178.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | -135.00 | -97.00 | -59.00 | -120.00 | -155.00 | -75.00 | 67.00 | -134.00 | -279.00 | -141.00 | -378.00 | -43.00 | -33.00 | -190.00 | -285.00 | |
| Other WC | -95.00 | 4.00 | 83.00 | 37.00 | -98.00 | 22.00 | 70.00 | -82.00 | 32.00 | 154.00 | -169.00 | 390.00 | 302.00 | 134.00 | -8.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -197.00 | -255.00 | -55.00 | -117.00 | -71.00 | -80.00 | -181.00 | -117.00 | -115.00 | -592.00 | -106.00 | -22.00 | -587.00 | -151.00 | -213.00 | |
| Capital Expenditure | -107.00 | -138.00 | -121.00 | -81.00 | -63.00 | -71.00 | -99.00 | -124.00 | -107.00 | -102.00 | -137.00 | -132.00 | -188.00 | -205.00 | -189.00 | |
| Purchases of Investments | -195.00 | -127.00 | -103.00 | -341.00 | -53.00 | -90.00 | -57.00 | -26.00 | -42.00 | -10.00 | -2.00 | - - | - - | -4.00 | -15.00 | |
| Sale/Maturity of Investment | 145.00 | 234.00 | 167.00 | 302.00 | 47.00 | 60.00 | 128.00 | 37.00 | 58.00 | 30.00 | 17.00 | 46.00 | 22.00 | 14.00 | - - | |
| Property, Plant, Equipment (P&PE) | -107.00 | -138.00 | -121.00 | -81.00 | -63.00 | -71.00 | -99.00 | -124.00 | -107.00 | -102.00 | -137.00 | -132.00 | -188.00 | -205.00 | -189.00 | |
| Acquisitions (Net) | -48.00 | -234.00 | -12.00 | -4.00 | -6.00 | -3.00 | -165.00 | -20.00 | -30.00 | -514.00 | -365.00 | -7.00 | -447.00 | 13.00 | -8.00 | |
| Other Investing Activities | 9.00 | 10.00 | 15.00 | 7.00 | 3.00 | 24.00 | 11.00 | 15.00 | 6.00 | 4.00 | 381.00 | 71.00 | 25.00 | 29.00 | - - | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -76.00 | -80.00 | -84.00 | -84.00 | -101.00 | -89.00 | -154.00 | -166.00 | -52.00 | -453.00 | -172.00 | -198.00 | -150.00 | -135.00 | -84.00 | |
| Debt Repayment | -156.00 | -529.00 | -117.00 | -373.00 | -286.00 | -401.00 | -282.00 | -103.00 | -222.00 | -56.00 | -298.00 | -425.00 | -536.00 | -187.00 | -143.00 | |
| Dividends Paid | -76.00 | -63.00 | -61.00 | -50.00 | -75.00 | -68.00 | -69.00 | -68.00 | -75.00 | -75.00 | -62.00 | -78.00 | -79.00 | -86.00 | -89.00 | |
|
Common Stock
|
- - | - - | 186 | 393 | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | 318 | |
| Issued | - - | - - | 176.00 | 367.00 | - - | - - | 1.00 | - - | - - | - - | 184.00 | - - | - - | - - | 318.00 | |
| Repurchased | - - | - - | -10.00 | -26.00 | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Other Financing Activities | 155.00 | 673.00 | -71.00 | -1.00 | 260.00 | 380.00 | 197.00 | 5.00 | 246.00 | 585.00 | 349.00 | 305.00 | 766.00 | 138.00 | - - | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 204.00 | 140.00 | 151.00 | 202.00 | 199.00 | 191.00 | 200.00 | 299.00 | 222.00 | 156.00 | 208.00 | 221.00 | 278.00 | 258.00 | 211.00 | |
| End of Period | 140.00 | 151.00 | 202.00 | 199.00 | 193.00 | 200.00 | 299.00 | 222.00 | 156.00 | 208.00 | 221.00 | 278.00 | 258.00 | 211.00 | 195.00 | |
| Change | -63.00 | 10.00 | 51.00 | -3.00 | -5.00 | 8.00 | 98.00 | -76.00 | -66.00 | 52.00 | 12.00 | 57.00 | -19.00 | -47.00 | -15.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 123.00 | 132.00 | 150.00 | 138.00 | 129.00 | 122.00 | 122.00 | 122.00 | 114.00 | 118.00 | 137.00 | 144.00 | 153.00 | 161.00 | 167.00 | |
| Stock Based Compensation | 5.00 | 5.00 | 1.00 | 3.00 | - - | - - | - - | - - | - - | 1.00 | 3.00 | 4.00 | 5.00 | 10.00 | 12.00 | |
| Other | -19.00 | -21.00 | 16.00 | - - | 1.00 | - - | 21.00 | -21.00 | -3.00 | -8.00 | -29.00 | -58.00 | -21.00 | -14.00 | 16.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 101.00 | 47.00 | 68.00 | 116.00 | 103.00 | 106.00 | 335.00 | 83.00 | -6.00 | 89.00 | -190.00 | 146.00 | 228.00 | 34.00 | -74.00 | |
| Cash Conversion Cycle (CCC) | 149.00 | 155.00 | 164.00 | 181.00 | 200.00 | 197.00 | 211.00 | 204.00 | 207.00 | 238.00 | 212.00 | 241.00 | 271.00 | 267.00 | 252.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
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| Forex Effect on Cash | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | -1.00 |