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I-S

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - As Reported
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Income Statement
Revenues
Revenues 20,535.60 22,798.10 24,638.10 24,701.70 25,905.10 30,802.40 37,366.70 41,435.60 47,085.10 39,711.80
Total Revenue — — — — — 30,802.40 37,366.70 41,435.60 47,085.10 39,711.80
Operating Expenses
Cost of Goods Sold 7,023.70 8,045.00 8,488.70 8,708.20 9,118.10 10,681.70 12,956.00 13,826.30 15,899.50 14,115.40
Sales/Marketing/Advertising Expenses 7,256.30 8,194.30 9,142.50 9,468.50 10,045.60 11,966.20 14,368.80 15,711.10 17,727.80 14,934.50
General and Administrative Expenses 1,687.40 1,755.50 1,878.30 1,913.20 1,934.30 2,401.10 2,771.20 3,067.00 3,389.90 3,238.20
Gross Profit 13,511.90 14,753.10 16,149.40 15,993.40 16,787.00 20,120.70 24,410.70 27,609.30 31,185.70 25,596.40
Operating Income 4,473.60 4,655.70 5,008.10 4,378.70 4,637.10 5,655.80 7,110.30 8,740.00 9,889.90 7,090.20
Equity In Earnings of Joint Ventures — — 19.5 4 9.4 -2.5 2.6 -20.4 -24.6 37.4
Other Operating (Income)/Expense - Net 94.6 147.6 101 229 160.5 99.9 157.8 111.5 202.7 296.2
Earnings Before Interest and Taxes — — — — — — — — — 7,090.20
Non-Operating Expenses
Interest Expense - Net 131.1 113.6 85.8 92.7 56.7 109 120.1 103.5 93.9 31.1
Income Tax Expense (Benefit) 1,261.20 1,476.40 1,488.50 1,832.60 1,430.20 1,747.40 1,940.40 2,211.30 -2,572.30 2,142.50
Income Before Income Taxes 4,263.50 4,644.30 4,840.00 6,754.70 4,336.40 — — — — —
Total Financial Losses (Gains) 210.1 11.4 168.1 -2,376.00 300.7 260.5 51.7 343.3 490.4 540.7
Other Financial Losses (Gains) 79 -102.2 82.4 -2,468.70 — 151.6 -68.4 239.8 142.1 259.7
Other Financial Losses — — — — 244.1 — — — — —
AT (Income) Loss Affiliates and Others -5.2 -3.2 — — — — — — — —
Earnings
Minority/Non Controlling Interest 347.2 393.4 433.9 368.5 310.9 317 416.3 562.8 536 225
Dividends Per Share — — — — — 3.28 4.38 5.31 4.21 5.34
Basic EPS 5.44 5.57 5.83 9.09 5.16 6.62 9.36 11.18 12.5 8.3
Weighted Avg. Shares - Basic 488.8 499.1 500.3 501.3 502.4 502.9 502.4 502.8 503.2 503.7
Diluted EPS 5.41 5.53 5.8 9.04 5.14 6.6 9.33 11.16 12.48 8.29
Weighted Avg. Shares - Diluted 492.2 502.2 503.2 503.9 504.9 504.6 504 503.9 503.8 504.2
Weighted Avg. Shares - Basic & Diluted — — — — — — — — — 505
Final Dividend Per Share — — — — — — — — 2.28 3.56
Interim Dividend Per Share — — — — — — — — 1.93 1.78
Profit After Taxation Before Minority 3,007.60 3,171.10 3,351.50 4,922.10 2,906.20 3,648.00 5,118.20 6,185.30 6,827.20 4,406.90
Net Income 2,660.40 2,777.70 2,917.60 4,553.70 2,595.30 3,330.90 4,702.00 5,622.60 6,291.20 4,181.90
Others
Comprehensive Income
Foreign Currency Translation Adjustments 164.9 -80.3 -293.8 430.5 458.3 63.9 -823.8 241.6 263.2 -1,477.30
Unrealized Gain (Loss) On Securities 1,385.30 -33.3 804.1 -2,291.30 -89.3 -21.3 -91.1 -246.9 21.9 -109.4
Change In Fair Value of Derivatives -63.4 158.2 33.1 -155.6 -21.8 -76.2 104.3 -108.8 26.3 20.5
Pension Related Adjustments — -81.9 67.9 -129.8 30.5 -72.1 50 24.8 -146.5 -17.8
Reclassification Adjustments 21.7 69 313.3 -13.7 46.5 24.6 -30.7 7.1 36.8 -2.7
Other Comprehensive Income — — 451.7 455.5 — — — — 0 0
Total Comprehensive Income 4,089.10 2,762.30 4,064.70 3,089.50 3,013.00 3,364.50 4,263.70 5,607.50 6,489.40 2,632.60
Foreign Currency Translation Adjustments Tax 40.8 -14.6 -40.8 83.8 98.1 -7.4 -42.9 13.3 9.7 -8.9
Unrealized Gain (Loss) On Secs Related Tax -100.7 -4.9 -29.7 148.3 14.5 37.7 258.5 72.6 -16.7 -34.7
Tax Related To Chg In Fair Value of Derivative 18.2 -40.6 -14.4 46 2.2 19.7 -30.7 27.4 -6.1 -8
Tax Related To Reclassification Adjustments -9.5 -22.7 -107.8 7.3 -15.3 88.5 71.9 -1.8 -9.7 2.7
Tax Related To Minimum Pension Liability Adj — 23.5 -18.7 41.9 -11.6 13.9 -21 -4.4 34.2 5.3
Comprehensive Income Attrib to Minority Int -375.8 -381.3 451.7 455.5 405.3 354.7 298.9 602.6 550.9 144.1
Net Income - Comprehensive Income 3,007.60 3,171.10 3,351.50 4,922.10 2,906.20 3,648.00 5,118.20 6,185.30 6,827.20 4,406.90
Total Comprehensive Inc Including Minority Int 4,464.90 3,143.50 3,613.00 2,634.00 3,418.30 3,719.20 4,562.60 6,210.10 7,040.40 2,776.70
Reference Items
ARDR COVID-19 Related Charges - Operating — — — — — — — — — 169
R & D Expenditures 54.7 56 60.3 63.7 70.5 90.9 113.9 115 122.8 123.6
Sales/Marketing/Advertising Expenses — — — — — — 10,134.80 10,828.30 12,231.40 10,604.10
Salaries Wages and Employee Benefits 3,536.20 3,896.40 4,228.60 4,398.10 4,539.10 5,386.30 6,676.50 7,335.70 8,263.40 7,592.70
Depreciation Expense 609.3 663.6 777.8 871.5 919.6 1,043.70 1,246.30 1,337.90 1,451.10 1,516.40
Interest Expense 164 133 117.2 116.1 80.6 130.3 149.9 142.5 137.7 75.6
(Gain)/Loss On Sale of Assets 3.5 3.2 -5.9 -0.8 -0.7 -31.9 — — 0 19.6
Write-Down/Impairment of Assets -1.7 — — 6.4 11.6 0.8 4.4 2.7 -31.6 —
Restructuring Charges 34.7 22.7 11.9 29 71.2 -2.5 13.1 0.9 50 5.3
Other One-Time Charges -2.6 6.5 2.5 -4 -10.2 4.9 7.9 4.4 91.2 200.1
Interest Income -35.6 -21.1 -25.5 -24.2 -24 -21.3 -29.8 -38.9 -43.9 -44.5
Interest Expense - Net 131.1 113.6 85.8 92.7 56.7 109 120.1 103.5 93.9 31.1
Income Tax Expense (Benefit) 1,261.20 1,476.40 1,488.50 1,832.60 1,430.20 1,747.40 1,940.40 2,211.30 2,572.30 2,142.50
General and Administrative Expenses — — — — — — — — 3,389.90 —
Other Revenue — — — — — — — — 226.3 —
Projected Benefit Obligation 805.6 927.1 934.7 1,107.40 1,139.40 — — — 1,792.30 —
Fair Value of Plan Assets 475.5 516.8 567.7 625.2 693.2 — — — 1,134.50 —
Dividends Per Share 2.26 2.35 2.63 2.58 2.58 — — — — —
Basic EPS 5.44 5.57 5.83 9.09 5.16 6.62 9.36 11.18 12.5 8.3
Weighted Avg. Shares - Basic 488.8 499.1 500.3 501.3 502.4 502.9 502.4 502.8 503.2 503.7
Diluted EPS 5.41 5.53 5.8 9.04 5.14 6.6 9.33 11.16 12.48 8.29
Weighted Avg. Shares - Diluted 492.2 502.2 503.2 503.9 504.9 504.6 — — 503.8 504.2
Pension Expense (Income) 58.2 67.3 74.7 75 69.7 93.4 98.2 112.4 146.5 58.7
Service Cost 48.6 51.9 67.1 61.3 71.2 81.9 96.4 100 98.3 94.3
Overfunded (Underfunded) Pension — — — — — 97.4 99.6 114.1 -657.8 59.1
Expected Return On Plan Assets - Pension % — 4.75 — — — — — — — —
Discount Rate Used On Plan Liabs-Pension % 4.37 2.8 3.29 — — — — — — —
Rate of Compensation Increase(Pension) - % 3.37 2.96 3.17 — — — — — — —
Actual Return/Loss On Pension Plan Assets — 45.4 — — — — — — — —
Current Rental Expense — — 2,056.80 2,129.40 2,498.60 2,923.60 3,362.90 3,304.60 — —
Stock Based Compensation Expense 46 43.8 28.9 31.4 26.9 33.6 54.3 72.6 63.2 56
Merger/Acquisition Expense 14.8 2.4 17.8 6.4 1.5 2.5 11.4 8.8 39.5 31.1
Dividend Income -46.9 -141.2 -60.3 -59.7 -2.9 -4.9 -11.4 -15.9 -7 -10.7
Impairment of Intangibles 0.9 — — 4 2.9 29.5 46.4 8 43.9 209
Amortization of Intangible Assets 158 — — 201.6 215.7 285.1 350.6 396.4 371.1 431.4
Royalty Revenue — — — — — — — — 96.5 —
Impairment of Goodwill 34.7 19.5 48.4 168.5 84.3 79.5 44.7 88.5 19.3 —
Product Revenue — — — — — — — — 46,762.30 —
(Gain)/Loss On Sale of Investments 9.5 -25.1 -19.5 -2,630.80 -93.7 — — — — —
Current Income Tax Expense (Benefit) 1,448.70 1,637.90 1,651.50 1,957.60 1,607.40 2,184.00 2,104.30 2,260.90 2,826.70 2,331.10
Deferred Income Tax Expense (Benefit) -187.5 -161.4 -163 -125 -177.2 -436.6 -163.9 -49.6 -254.4 -188.5
Actuarial Gains and Losses - Pension Exp 4.3 7.3 1.7 3.2 2.2 — — — -1.8 0
Unrecognized Prior Service Cost - RBO 1.7 0.8 0 0 -14.5 — — — — —
Effective Tax Rate - % 29.6 31.8 30.8 27.1 33 32.6 29.2 26 27.4 32.7
Benefits Paid (Pension) -39.1 -76.3 — — — — — — — —
Interest Cost (Pension) 28.6 29.2 12.7 10.5 10.9 10.6 10.5 10.6 10.5 7.1
Expected Return On Pension Plan Assets -20.8 -20.3 — — — — — — — —
Pension Plan Asset Category-Equities % 39 35 35 — — — — — 19 —
Pension Plan Asset Category-Debt % 42 47 44 — — — — — 43 —
Amount Of Final Dividend — — — — — — — — — —
Amount Of Interim Dividend — — — — — — — — — —
Total Financial Losses (Gains) 210.1 11.4 168.1 -2,376.00 300.7 260.5 51.7 343.3 490.4 540.7
Rental Revenue — — — — — — — — — —
Other Auditors Fees (Tax & Consulting) — — — — — — — — 2.6 —
Other Financial Gains — — -5.9 — — -22.9 -231.4 — -71.9 —
Other Financial Losses (Gains) 25.2 24.3 27.2 29.8 23.2 26.2 27.2 18.6 19.3 33.8
Wages And Salaries 3,432.00 3,785.20 4,125.00 4,291.60 4,446.80 5,259.30 6,524.00 7,150.80 8,053.70 7,477.90
Social Security Costs 58.2 67.3 74.7 75 65.4 93.4 98.2 112.4 146.5 58.7
Total Fees Paid To Audit Firms — — — — — — — — 20.2 —
Weighted Avg NumberPotential Dilutive Shr 3 2.5 2.5 2.1 1.8 1.4 1.4 1 0.5 0.5
Rental Expense 1,356.70 1,577.00 2,098.20 2,210.70 — 2,803.30 3,315.50 3,254.60 — —
Other Financial Losses 2.6 1.6 — 0.8 0 153.2 147.2 237.1 201.8 236.6
Write-Ups Of Investments — 0 — — — — — — — —
Pension Plan Asset Category-Other % 19 — — — — — — — 38 —
Pension Plan Asset Category-Real Estate % — 14.6 17.83 — — — — — — —
Foreign Exchange Losses Non-Operating 91.1 39.8 135 191.9 317.4 — — — — —
Statutory Tax Rate - % 34.43 34.4 33.33 33.33 33.33 — — — 34.4 —
Advertising Expenses 2,353.10 2,658.40 2,810.60 2,809.00 2,917.80 3,475.10 4,233.90 4,882.80 5,496.30 4,330.40
ARDR Goodwill Impairment After Tax — — 48.4 168.5 84.3 79.5 44.7 88.5 19.3 —
Audit Service Fee Paid to Main Auditor 2.2 1.4 2.7 1.4 1.2 — — — 8.8 —
Audit Service Fee Paid to Other Auditors 0.8 0.9 1 0.8 0.7 — — — 7 —
Number of Units - Stores — — — — — — — — 4,915.00 5,003.00
Turnover - Organic Growth — — — — — — — — — —
Adjusted EBIT/Non-GAAP Operating Income 4,568.20 4,803.30 5,109.20 4,607.70 4,797.60 5,755.80 7,268.10 8,851.50 10,092.60 7,386.30
Unrecognized Transitional Obligation - RBO — — — — — — — — — —
Organic Growth Percent 14 9 4 5 6 6 12 11 10 -16
Other Expenses or Income - Pension -4.3 -1.6 -6.8 0 — — — — — —
ARDR Currency Effect on Sales Growth -2 7 -4 -2 10 -1 -3 -4 3 -1
ARDR Revenue Growth 16 19 12 6 16 5 13 10 15 -17
ARDR Acquisition Divestiture Growth 4 3 3 3 0 0 4 3 1 —
ARDR Adjusted Operating Margin — — — — — — — — 21.4 18.6
Source: Bloomberg Right click to show data transparency (not supported for all values)

B-S

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - As Reported
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Balance Sheet
Noncurrent Assets
Long Term Investments — — — — — — — — — —
Property Plant & Equipment - Net 6,699.40 7,125.00 8,008.20 8,066.40 8,228.00 10,371.00 12,322.50 13,577.80 15,690.80 16,320.30
Other Intangible Assets 9,594.90 9,352.10 10,484.50 10,119.70 10,009.10 11,392.80 15,073.70 15,502.30 14,572.40 15,234.90
Investment In Affiliates/Joint Ventures 142.1 132.4 399.5 403 537.6 657.9 568 573.2 909.3 886.6
Goodwill 5,813.60 6,342.60 7,539.60 6,841.70 7,464.80 8,886.10 12,300.20 12,333.40 13,575.00 14,366.20
Other Noncurrent Assets 399.4 421.7 380.4 379.8 407.1 663.8 772.5 885.9 1,308.90 756.7
Deferred Tax Assets (Long-Term) 598.3 775.1 760 1,115.20 1,434.40 1,754.00 1,547.60 1,735.90 1,925.30 2,082.10
Capitalized Software - Net — — 195.6 215.9 — — — — — —
Investment Securities Available For Sale 4,998.80 4,878.40 5,893.20 450.4 423.3 635.6 701.4 988.3 774.7 661.8
Total Non-Current Assets 28,246.40 29,027.40 33,465.30 27,376.20 28,504.30 34,361.30 43,286.00 45,596.90 59,262.30 61,521.70
Current Assets
Cash and Equivalents 1,924.50 1,784.30 2,685.20 3,177.00 2,650.50 3,027.80 3,322.90 4,142.00 4,803.00 17,877.60
Accounts Receivable - Trade 1,569.30 1,612.90 1,809.60 1,766.00 1,859.20 2,293.90 2,432.10 2,894.90 2,920.90 2,468.10
Inventories 6,275.70 6,565.20 7,068.50 7,358.20 7,445.60 9,010.00 9,678.80 11,217.50 11,613.40 11,656.30
Other Current Assets — — — — 1,736.80 2,000.90 2,594.80 2,576.80 2,763.40 3,444.20
Total Assets 39,332.90 40,624.50 46,759.10 41,440.20 42,479.50 50,933.20 62,007.90 66,756.90 81,706.80 97,319.10
Current Income Tax Asset 101.1 163.3 185.6 274.9 283.2 239.2 693.4 328.8 343.7 351.1
Total Current Assets 11,086.50 11,597.10 13,293.70 14,064.00 13,975.20 16,571.90 18,721.90 21,160.10 22,444.50 35,797.40
Stockholder Equity
Minority/Non Controlling Int (Stckhldrs Eqty) 886.6 880.8 855.7 963 1,076.70 1,290.10 1,251.60 1,495.10 1,506.20 1,269.00
Common Stock 127 123.5 126.5 118 112.1 129.9 135.1 136.6 — —
Additional Paid In Capital 3,176.30 3,126.60 3,203.80 2,061.80 1,902.00 2,222.20 2,323.70 2,064.70 — —
Treasury Stock (Amount) -405.3 -336.4 -375.4 -290.4 -177 -444.3 -471.1 -378.3 — —
Retained Earnings (Accumulated Deficit) 10,694.60 11,652.40 13,318.70 9,451.80 11,939.00 — — — — —
Total Shareholders Equity 19,647.70 20,725.80 23,228.90 17,863.80 19,026.20 23,834.80 27,003.30 30,509.60 32,481.40 34,772.90
Shares Issued and Outstanding 507.8 508.2 507.8 507.7 507.1 507.1 507 505 505.4 504.8
Cumulative Translation Adjustment 360.2 277.9 -6.7 382.1 838.5 995.3 314.7 514.8 — —
Net Income/Loss (Stockholders Equity) 2,561.20 2,782.10 2,860.00 4,386.20 2,635.00 3,473.80 4,769.20 5,708.90 — —
Other Reserve — — — — — 15,485.20 17,692.50 20,181.60 — —
Revaluation Surplus 2,247.00 2,219.00 3,246.20 791.3 699.9 682.6 987.6 786.2 — —
Total Shareholders Equity Excluding Minority 18,761.00 19,845.10 22,373.20 16,900.90 17,949.50 22,544.70 25,751.70 29,014.50 30,975.20 33,503.90
Total Liabilities and Shareholders Equity 39,332.90 40,624.50 46,759.10 41,440.20 42,479.50 50,933.20 62,007.90 66,756.90 81,706.80 97,319.10
Non Current Liabilities
Total Noncurrent Liabilities 11,668.10 12,194.30 13,842.30 14,121.50 14,088.00 16,154.10 21,680.30 21,123.20 30,071.80 39,873.00
Long Term Debt 3,452.90 3,116.80 3,453.50 3,924.90 3,326.80 3,359.30 6,263.50 5,395.40 4,318.70 12,595.80
Pension/Postretirement Liabilities — — — — 1,438.10 — — — — —
Other Noncurrent Liabilities 3,765.40 4,433.10 5,330.50 5,006.70 5,868.10 9,260.30 10,981.90 11,203.10 9,088.70 9,842.90
Deferred Tax Liabilities (Long-Term) 3,279.90 3,217.60 3,562.50 3,410.80 3,455.10 3,534.50 4,434.90 4,524.70 4,654.80 4,908.40
Other Provisions For Liabilities And Charges 1,169.90 1,426.80 1,495.80 1,779.20 — — — — 3,227.40 2,975.00
Provisions For Liabilities And Charges & Other — 1,426.80 — — — — — — — —
Total Liabilities — — — — — — — — 49,225.40 62,546.20
Current Liabilities
Accounts Payable - Trade 2,466.80 2,546.40 2,744.30 2,800.40 2,920.40 3,574.60 4,034.90 4,774.50 4,922.40 4,565.50
Short-Term Borrowings 2,618.90 2,418.10 3,890.50 3,253.10 2,779.60 2,945.00 4,026.90 4,516.60 6,442.90 9,526.70
Other Current Liabilities 2,269.60 2,108.50 2,486.30 2,717.30 2,882.80 4,059.00 4,584.30 5,349.50 5,337.20 5,998.30
Income Taxes Accrued/Payable 370.2 359.1 297.2 426.3 472 365.7 678.3 483.4 611.3 645.7
Short-Term Provisions 291.6 272.2 269.7 257.8 — — — — — —
Pension & Post Retirement Liab (Current) — — — — 310.5 — — — — —
Total Current Liabilities 8,017.20 7,704.30 9,687.90 9,454.90 9,365.20 10,944.30 13,324.30 15,124.10 19,153.60 22,673.30
Reference Items
Cash and Equivalents 532.3 481 1,121.20 1,595.10 1,021.40 1,015.00 801.8 760.1 868.7 13,871.00
Accounts Receivable - Trade 1,569.30 1,612.90 1,809.60 1,766.00 1,859.20 2,293.90 2,432.10 2,894.90 2,920.90 2,468.10
Inventories 6,275.70 6,565.20 7,068.50 7,358.20 7,445.60 9,010.00 9,678.80 11,217.50 11,613.40 11,656.30
Prepaid Expenses (ST) 344.3 389.2 379.6 368.9 380.5 487 532.5 580.4 599.4 533.7
Other Current Assets — — — — 0 441.7 499.6 483.4 497.8 514
Land 2,428.40 — — 2,816.70 2,838.60 3,386.70 7,740.00 4,946.10 5,997.60 6,418.30
Buildings 2,532.80 — — 2,686.20 2,805.40 3,616.50 7,740.90 4,283.00 4,828.40 5,451.10
Construction In Progress — — — 534.3 559.7 818.5 698.7 1,112.30 1,398.70 1,057.60
Furniture/Machinery/Equipment 4,657.90 — — 6,523.30 7,022.30 8,825.50 1,143.20 11,445.70 12,058.70 12,923.50
Property Plant & Equipment - Gross 11,253.60 11,930.30 13,347.80 13,796.80 14,499.60 18,228.50 21,326.50 23,650.60 26,150.20 27,905.90
Accumulated Depreciation 4,554.30 4,805.30 5,339.60 5,730.40 6,271.50 7,857.50 9,004.10 10,072.80 10,458.60 11,585.60
Property Plant & Equipment - Net 6,699.40 7,125.00 8,008.20 8,066.40 8,228.00 10,371.00 12,322.50 13,577.80 15,691.60 16,320.30
Total Intangible Assets - Net — — — — — 20,278.90 27,374.00 27,835.70 28,148.30 29,601.10
Other Intangible Assets 177.2 172.3 184.8 215.9 241.2 346.9 351.1 353.1 404.7 380.6
Investment In Affiliates/Joint Ventures 142.1 132.4 399.5 403 537.6 657.9 568 573.2 909.3 886.6
Goodwill 5,813.60 6,342.60 7,539.60 6,841.70 7,464.80 8,886.10 12,300.20 12,333.40 13,575.00 14,366.20
Patents/Trademarks/Copyrights 9,255.60 8,999.50 9,821.10 9,406.00 9,273.00 10,434.20 13,948.30 14,250.80 13,579.30 14,209.50
Other Noncurrent Assets 279.9 278.7 323.8 321.5 362.8 268.3 269.3 314.5 283.6 291.9
Accounts Payable - Trade — — — — — 3,574.60 4,034.90 4,774.50 4,922.40 4,565.50
Current Portion of Long-Term Debt 634.3 565.5 843.2 718.3 523.6 1,176.40 1,558.30 894.9 1,569.70 1,289.60
Short-Term Capital Lease Obligations — — — — 4.4 — — 0 — —
Bank Overdrafts 185.5 169 258 239.2 151.2 176.9 106.7 177 149 139.7
Short-Term Borrowings 2,618.90 2,418.10 3,890.50 3,253.10 2,779.60 2,945.00 4,026.90 4,516.60 6,442.90 11,463.80
Accrued Compensation/Postretirement Oblig 71.9 77.2 69.9 57.5 72.3 88 89.8 94.3 104.1 103.9
Deferred/Unearned Revenue (ST) 92.8 94.3 129.8 147.6 153.4 214.4 226.7 245.3 231.1 316.1
Other Current Liabilities 461.3 465.6 580.2 602.6 660.8 946.6 1,143.20 1,477.10 923.7 927.8
Notes Payable (LT) 2,832.80 2,711.40 3,217.90 3,723.00 3,098.90 2,969.70 5,828.80 5,025.20 — —
Long Term Capital Lease Obligations — — — — 96.6 — — 370.2 — —
Long Term Debt 3,452.90 3,116.80 3,453.50 3,924.90 3,326.80 3,359.30 6,263.50 5,395.40 4,318.70 12,595.80
Pension/Postretirement Liabilities 236.5 421.7 376.2 497 466.1 596.3 555.6 543.6 687.5 702.1
Other Noncurrent Liabilities 3,688.50 4,324.20 5,217.30 4,925.90 5,798.10 7,067.20 8,486.70 8,685.60 — 9,842.90
Min/Non Cntrlling Int(Stckhldrs Eqty) 886.6 880.8 855.7 963 1,076.70 1,290.10 1,251.60 1,495.10 1,506.20 1,269.00
Common Stock 127 123.5 126.5 118 112.1 129.9 135.1 136.6 128.7 136.1
Additional Paid In Capital 3,176.30 3,126.60 3,203.80 2,061.80 1,902.00 2,222.20 2,323.70 2,064.70 1,963.40 1,992.60
Treasury Stock (Amount) -405.3 -336.4 -375.4 -290.4 -177 -444.3 -471.1 -378.3 -341.2 -232.8
Retained Earnings (Accumulated Deficit) 10,694.60 11,652.40 13,318.70 9,451.80 11,939.00 15,484.30 17,692.50 20,181.60 27,807.10 31,668.90
Other Equity — — — — — 921 990.3 1,003.60 0 0
Par Value 0.25 0.24 0.25 0.23 0.22 0.26 0.27 0.27 0.25 0.27
Treasury Shares (Number) 9.6 8.2 7.4 5.9 4.3 5.1 4.3 2.1 1.8 0.9
Raw Materials 2,843.70 2,847.10 3,093.90 3,120.30 3,115.10 3,657.50 4,015.30 4,298.30 4,247.60 6,309.10
Work In Progress 1,079.70 1,109.90 963 1,250.30 1,084.80 1,046.60 1,217.80 1,527.40 1,608.60 —
Finished Goods 2,288.00 2,348.20 2,043.50 2,798.80 1,298.00 2,751.90 2,874.80 3,513.00 3,903.90 3,818.60
Other Gross Fixed Assets 1,634.50 — — 1,236.30 1,273.60 1,581.40 4,003.80 1,863.40 1,866.80 2,055.30
Other Inventory -622.6 -793.8 — -951.3 -980.8 — — — — —
Total Line of Credit 4,178.20 2,681.30 3,662.40 2,640.40 2,507.40 2,904.80 3,378.00 2,875.10 17,864.10 14,149.50
Total Available Line of Credit 4,178.20 2,681.30 3,662.40 2,640.40 2,507.40 2,904.80 3,378.00 2,875.10 17,864.10 14,149.50
Future Minimum Operating Lease Obligations 4,358.70 4,870.30 5,676.70 5,745.20 6,991.30 8,625.60 10,173.00 11,296.60 — —
Current Rental Expense — — 2,056.80 2,129.40 2,498.60 2,923.60 3,362.90 3,304.60 — —
Rental Expense - Year 1 914.2 1,003.50 1,160.30 1,287.60 1,371.70 1,729.20 1,930.80 2,097.00 — —
Rental Expense - Beyond Year 5 1,068.80 1,260.20 1,543.20 1,515.90 2,227.90 2,654.50 3,268.60 3,720.60 — —
Allowance For Doubtful Accounts 191.4 196.6 201.4 211.2 220.5 251.2 304.9 71.9 75.4 111
Capitalized Software - Net 141.2 162.5 195.6 215.9 235.3 309.3 408 488.8 550.3 595.5
Total Shareholders Equity 19,647.70 20,725.80 23,228.90 17,863.80 19,026.20 23,834.80 27,003.30 30,509.60 32,481.40 34,772.90
Total Capital Leases 127 112.9 — — — 300.7 281.8 370.2 — —
Total Sub-Lease Income -41.8 -33.3 -20 -22.5 -25.1 -31.6 -56 -62 — —
Investment Securities Available For Sale — — — — — 635.6 701.4 988.3 774.7 —
Derivative Assets Short-Term 122.8 345.3 411.2 236.1 219 223 440.9 110.5 152.4 866.9
Customer Deposits/Advances (ST) 150.4 112.9 131.5 142.9 151.2 202.5 314.7 357.6 473.3 647.5
Taxes Receivable 391.1 319.3 295.5 348.7 444 529.7 664 804.1 893.2 856.1
Other Receivables (ST) 236.5 273.8 316.3 337.8 409.3 — — — — —
Deferred Expenses (ST) 235.7 298.2 336.3 336.3 371.7 504.1 487.1 580.4 651.1 481.8
Litigation Reserve Long Term — — — — 956.5 1,389.20 1,644.50 1,637.90 546.9 616.1
Equity Securities 109.5 133.3 132.3 196.5 172.6 319.5 457.8 598.4 620.6 673.4
Derivative Assets (Long-Term) 119.5 143 56.6 58.2 44.2 143.5 218.7 230.9 662.1 98.5
Debt Maturing - Year 2 912.5 1,050.60 — 601.9 1,112.10 — — — — —
Debt Maturing - Year 3 1,064.60 876.7 — 1,077.10 439.5 — — — — —
Debt Maturing - Year 4 808.9 8.1 0 401.5 747.8 — — — — —
Debt Maturing - Year 5 7.5 679.3 0 786.7 447.6 — — — — —
Debt Maturing - Beyond Year 5 659.3 502.1 — 1,057.70 1,980.10 — — — — —
Derivative Liabilities (Short-Term) 221.4 16.3 63.3 212.8 136.4 176.9 40 149.1 116.8 540.9
Derivative Liabilities (Long-Term) 3.3 33.3 42.5 12.4 1.5 114.5 203.6 254.3 602.8 130.7
Borrowings 6,071.80 5,534.90 7,344.00 7,178.00 6,106.30 6,304.30 10,290.30 9,912.00 10,761.70 22,122.50
Licenses 20.9 17.9 283 281.9 259.6 302.4 366.2 409.7 38.1 49.3
Number of Employees at Period End Date 97,559.00 106,348.00 114,635.00 121,289.00 — — — — 147,715.00 163,000.00
Debt Maturing - Year 1 2,618.90 2,418.10 3,890.50 3,253.10 2,779.60 — — — — —
Cumulative Translation Adjustment 360.2 277.9 -6.7 382.1 838.5 995.3 314.7 514.8 729.8 -619.7
Accumulated Amortization Of Goodwill 981.9 962 — 1,172.60 1,269.20 1,437.00 1,430.30 1,558.90 1,501.10 1,624.50
Accumulated Amortization Intangible Assets — — — — — — — — 5,440.50 5,765.50
Bank Loans - Noncurrent — — — — 131.3 — — — — —
Goodwill - Gross 6,795.50 7,304.60 9,297.50 8,014.40 8,734.00 10,323.20 13,730.50 13,892.30 15,076.10 15,990.70
Intangible Assets - Gross — — — — — 25,364.10 32,739.60 33,667.80 33,587.90 35,366.60
Inventory - Merchandise 686.9 1,053.80 968 1,140.00 2,928.50 1,554.10 1,570.80 1,878.70 1,853.30 1,528.70
Inventory - Gross 6,898.20 7,359.00 — 8,309.50 8,426.40 10,224.10 11,045.90 12,640.70 13,154.30 —
Investment In Mutual Funds 11.7 10.6 10 0 111.4 — — — — —
Litigation Liabilities 1,161.50 1,219.60 1,350.90 1,500.40 — 1,661.70 1,961.00 1,944.30 884.7 1,030.80
Options Granted During Period 0 — 0 0 — — — — — —
Options Outstanding End Period 6.6 5.2 4.2 3.4 2.8 1.9 1.2 0.4 0 0
Other Provisions For Liabilities & Charges 915.9 990.5 1,108.70 1,256.50 — — — — 1,308.90 1,449.00
Other Tangible Assets - Net 1,152.40 774.3 801.6 900.1 960.2 1,198.70 1,320.10 1,430.40 1,424.10 1,557.30
Trade Receivables-Gross 1,760.70 1,809.50 2,011.00 1,977.20 2,079.70 2,545.10 2,737.00 2,966.80 2,996.30 2,579.20
Taxation And Social Security 1,036.20 1,044.10 1,175.30 1,217.70 1,337.00 1,625.80 1,923.70 2,114.10 2,148.80 2,107.20
Revaluation Surplus 2,247.00 2,123.10 3,133.00 780.5 708 -139.3 -118.2 -101.5 778.1 812.3
Provision For Pension Costs & Obligations — 432.3 — — — — — — — —
Provisions For Litigation — — — — 260.3 272.5 325.4 306.4 337.8 865.1
Restructuring Provisions 54.3 47.1 34.1 37.3 62.7 — — — — —
Financial Assets - Gross — — — — — — — — — —
Short-Term Bank Deposits 1,392.20 1,303.30 1,564.00 1,581.90 1,629.10 2,012.90 2,521.00 3,381.90 3,934.30 4,006.60
Buildings - Net 1,617.00 1,481.20 1,594.80 1,601.30 1,657.10 2,212.80 2,502.40 2,738.60 2,994.60 3,420.10
Construction In Progress - Net — 581.8 665.9 531.2 556.8 811.6 697.8 1,111.40 1,397.00 1,053.20
Plant And Equipment - Net 1,583.50 1,725.80 2,158.30 2,340.60 2,342.20 2,919.30 3,530.00 3,664.00 3,993.60 3,993.20
Provision - Obsolete/Slow Moving Inventory — -793.8 — — — — — — — —
Land - Net 2,346.50 2,561.90 2,787.60 2,693.20 2,711.70 3,228.60 4,272.20 4,633.50 5,882.50 6,296.50
Short-Term Provisions 245.7 229.1 242.2 243.8 — 3.4 3.6 6.3 6.8 8.1
Notes And Bonds - Non Current Liabilities — — — — — — — — 4,056.30 12,417.50
Due To Banks (ST) — — — — 194 — — — — —
Total Shareholder Equity Excludes Minority 18,761.00 19,845.10 22,373.20 16,900.90 17,949.50 22,544.70 25,751.70 29,014.50 30,975.20 33,503.90
Contingent Liabilities And Commitments 159.6 — — — — — — — — —
Debt In Foreign Currency 1,469.90 1,528.40 1,504.10 1,643.30 1,410.10 — 1,927.20 10,028.80 — —
Other Intangible Assets - Gross 11,994.00 11,782.40 12,119.30 12,842.40 12,940.50 15,040.90 19,009.10 19,775.50 18,512.70 19,375.90
Options Exercised During the Period — — 0.9 0.8 0.4 0.8 0.6 0.7 0.3 0
Options Expired During the Period — — 0 0.1 0 0 0 0 0 0
Restructuring Provisions Short-Term 36.8 32.5 23.3 11.6 47.2 24.8 30.2 18.9 343.7 —
Restructuring Provisions Long-Term — — 10.8 25.6 15.5 15.4 8 1.8 — —
Other Short-Term Borrowings 459.6 698.8 834.9 739.3 224.2 563 712.9 593 603.7 418.2
Deposits And Guarantees — — — — — 252 284.5 340.5 363.2 366.3
Other Liabilities That Are LT Borrowings 620 405.4 235.6 201.9 — 389.6 434.7 — 262.5 178.2
Total Credit Utilized 0 — — — — — — — — —
Accumulated Amort Other Intangible Asset 2,399.10 2,430.30 2,578.70 2,722.70 2,931.50 3,648.10 3,935.30 4,273.20 3,939.40 4,140.10
Hedging Reserve — 95.9 113.2 10.9 -8.1 -98.3 115.6 -115.9 -90.6 -253.4
Purchase Obligations 1,125.60 1,087.20 1,316.00 1,811.00 2,235.30 3,088.50 2,469.50 4,606.50 15,651.00 14,901.80
Rental Expense - Year 2 to 5 2,467.70 2,602.40 3,033.10 3,054.00 3,340.60 4,067.40 4,903.50 5,396.00 — —
ARDR Commercial Paper Current 1,339.50 984.8 1,954.40 1,556.30 1,682.20 1,028.60 1,649.00 2,851.80 4,121.40 7,679.20
Debt Schedule In Yr 1 — — — — — 2,945.00 4,026.90 4,516.60 6,442.90 9,526.70
Debt Schedule In Yr 2 — — — — — 516 943.2 1,719.70 4,318.70 12,595.80
Debt Schedule In Yr 3 — — — — — 886 1,688.10 1,249.80 — —
Debt Schedule In Yr 4 — — — — — 527.1 1,149.40 1,136.60 — —
Debt Schedule In Yr 5 — — — — — 1,162.80 1,125.40 23.4 — —
Debt Schedule Thereafter — — — — — 267.4 1,357.40 1,266.00 — —
Debt Schedule - Total Debt 6,071.80 5,534.90 7,364.00 7,178.00 6,106.30 6,304.30 10,290.30 9,912.00 10,761.70 22,122.50
Current Capital Lease 19.2 17.1 — — — — — — — —
Capital Lease Year 1 20.9 18.7 — — — 26.5 24.9 — — —
Capital Lease Year 2 — — — — — — 24.9 — — —
Capital Lease Year 3 — — — — — — 24.9 — — —
Capital Lease Year 4 — — — — — — 24.9 — — —
Capital Lease Year 5 — — — — — — 25.8 — — —
Capital Lease Beyond Year 5 295.8 267.3 — — — 674.9 594.7 — — —
Total Capital Lease 381.9 340.4 — — 235.3 800.5 720 — — —
Fair Value of Derivatives Net 17.5 438.8 362.1 69.1 125.4 75.2 416 62 94.8 293.7
Capital Leases - Years 2 - 5 65.2 54.4 — — — 99.1 — — — —
Pension & Post Retirement Liab (Current) 9.2 10.6 4.2 2.3 2.9 — — — — —
Stock Opt Valuation - Risk Free Rate (%) 2.7 — — — — — — — — —
Stock Opt Valuation - Expected Life (Yrs) — — — — — — — — — —
Stock Opt Valuation - Expected Volatil (%) 37 — — — — — — — — —
Stock Opt Valuation - Dividend Yield (%) 2.8 — — — — — — — — —
Avg Exercise Price (Options Outstanding) 69.07 68.86 69.97 66.15 55.68 65.17 59.56 50.86 0 0
Options Exercisable End of Period — 1.3 — — — — — — — —
Capital Lease Interest 254.9 227.5 — — — 499.8 — — — —
Options at Beginning of Period — — 4.2 3.4 3.4 2.8 1.9 1.2 0.4 0
Net Debt Cash 3,894.10 -3,462.20 4,419.00 3,731.50 3,123.20 2,771.50 6,358.60 5,176.10 5,254.30 3,798.00
ARDR Present Value of Capital Lease Years 2-5 46.8 39.8 — — — — — — — —
ARDR Present Value of Capital Lease Beyond Year 5 61 56.1 — — — — — — — —
ARDR Debt USD Denominated Debt — — — — — — — — 3,457.00 3,120.00
ARDR Debt JPY Denominated Debt — — — — — — — — 622 762
ARDR Debt Euro Denominated Debt — — — — — — — — 7,849.00 21,281.00
Source: Bloomberg Right click to show data transparency (not supported for all values)

C-F

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - As Reported
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Cash Flow
Cash From Operating Activities
Depreciation And Amortization - CF 867.1 1,053.80 1,218.50 1,527.80 1,511.60 1,755.60 2,082.40 2,037.00 4,481.30 5,380.80
Other Non-Cash Items -66.8 -91.7 -89.2 -219.3 -397.3 -272 -95.5 -193.8 -232.5 -80
Change in Inventories -666.6 -672.5 -653 -748.2 -413.3 — — — — —
Change in Accounts Payable 287.3 140.3 172.4 141.9 67.6 — — — — —
Change in Accounts Receivable -56.4 -119.3 -244.5 -17.7 -35.6 — — — — —
Equity In Earnings Of Affiliates/JV-CF — — 41.6 21 19.6 14.7 21.9 4.4 -8.8 56.9
Net Change In Working Capital -463.5 -659.5 -526.5 -578.9 -311.6 -419.4 -450.5 -961.9 -1,012.40 -326.4
Impairments — 61.7 — 6.4 11.6 — — — — —
Cash Paid For Taxes -1,340.20 -1,598.10 -1,555.60 -1,321.40 -1,312.50 -1,575.30 -2,445.20 -2,013.10 -2,579.30 -2,121.20
Cash Paid For Interest -131.9 -124.9 -94.3 -93.5 -54.5 -99.9 -113.1 -100 -108.8 -51.6
Total Cash Flows From Operations 3,391.20 3,387.70 4,002.80 3,714.40 4,092.30 5,059.50 6,110.30 7,512.70 10,218.90 9,691.60
Change in Other Current Assets and Liabilities -27.8 -8.1 198.7 45.1 69.7 — — — — —
Total Cashflow From Ops Before Working Capital 5,326.80 5,770.30 6,179.00 5,708.20 5,771.00 7,154.20 9,119.10 10,587.70 14,129.00 12,448.70
Operating Profit 4,473.60 4,655.70 5,008.10 4,378.70 4,637.10 5,655.80 7,110.30 8,740.00 9,889.90 7,090.20
Dividends Received 52.9 152.5 60.3 55.6 2.9 — — — — —
Cash From Investing Activities
Capital Expenditures — -1,308.50 -1,342.50 -1,235.20 -1,263.10 — — — — —
Proceeds From Long-Term Investments 14.8 29.2 32.3 129 49.4 74.5 76.2 39.8 — —
Purchases of Long-Term Investments -449.6 -106.3 -167.3 -46 -56.7 -22.9 -109.6 -393.8 -2,265.20 -420.7
Sales (Purchases) of ST Investments - Net — — — — — -377.7 — — — —
Purchases of Investments -10.4 — — — — — — — — —
Other Investing Activities — -29.2 -34 -231.4 -208.5 — — — 7 —
Purchase of Intangibles — -193.1 -214.8 -254.8 -229.5 — — — — —
Additions To Fixed And Intangible Assets -1,518.10 — — — — — — — -2,889.90 -2,203.90
Net Change In Liabs Relating To Fixed Assets — 114.4 91.7 62.9 58.8 — — — — —
Proceeds From Sale Of Fixed & Intangible Asset 26.9 35.7 83.2 36.3 29.8 — — — — —
Payment Of Acquisition Of Subsidiary -681.4 -36.5 -1,834.90 -134.6 -174.3 254 -5,526.70 -15 — —
Proceeds From Sale Of Other Financial Assets — — — — — — 0 -1.8 — —
Dividend Received From Investing Activities — — — — — 45.1 11.4 15.9 7 10.7
Acquisition of Minority Interests -1,226.50 — — — — — — — — —
Total Cash Flows From Investing -2,617.80 -1,494.30 -3,326.00 -1,618.10 -371.2 -1,882.60 -7,543.30 -3,043.10 -5,148.90 -2,613.90
Cash from Financing Activities
Dividends Paid -927.9 -1,173.90 -1,274.50 -1,305.30 -1,213.80 -1,522.90 -1,849.20 -2,402.50 -3,226.70 —
Increase In Long-Term Borrowings 2,308.00 866.4 2,628.00 1,940.60 732.2 747.9 5,198.00 1,353.00 2,488.90 15,563.30
Decrease In Long-Term Borrowings -872.3 -1,237.90 -897.5 -1,693.10 -1,774.50 -1,786.70 -1,542.50 -1,923.70 -1,587.90 -4,468.30
Effect of Exchange Rates On Cash 52.1 -34.1 39.9 21.8 -24 44.2 -212.1 59.3 34.2 -935.6
Other Financing Activities 7.8 -215 -152 -138.7 -167.1 -248.2 325.1 -334.5 43.9 1.8
Net Change In Cash 33.9 -75.4 793.9 699 -285.5 -43.4 246.3 703.5 951 12,726.20
Cash and Cash Equivalents (End of Period) 1,739.00 1,615.30 2,427.20 2,937.80 2,500.10 2,851.00 3,216.20 3,965.00 4,654.00 17,737.00
Cash and Cash Equivalents (Beg of Period) 1,706.40 1,690.90 1,648.90 2,264.50 2,789.90 2,896.30 2,966.40 3,250.70 3,736.20 4,922.80
Dividends Paid To Outside Equity Interests -164 -254.7 -186.8 -270.9 -165.6 -218.7 -227.9 -300 — —
Dvds Paid To Shareholders/Minority Shareholder — — — — — — — — — -2,489.40
Increase (Decrease) In Capital 81.6 76.3 56 47.6 25.4 52.4 46.4 43.4 47.4 24
Increase (Decrease) In Treasury Shares 1.7 4.1 -96 0.8 0.7 -288.4 -58.7 -261 — —
Total Cash Flows From Financing -791.6 -1,934.80 77.3 -1,419.00 -2,562.60 -3,264.60 1,891.30 -3,825.40 -4,153.20 6,584.10
Reference Items
Change in Inventories — — — — — -670.9 -881.7 -1,523.80 -1,407.20 -499.8
Change in Accounts Payable — — — — — 192.5 225.2 632.7 406.2 -497.2
Change in Accounts Receivable — — — — — -99.9 -117.4 -158.4 -106.2 469.6
Disposal of Fixed Assets — — — — — 4.9 22.8 8.8 — —
Capital Expenditures — — — — — -1,761.30 -1,655.50 -2,304.20 — —
Proceeds From Investments — — — — — 167.1 5.3 12.4 — —
Other Investing Activities — — — — — 94.2 32.4 69.9 — —
Dividends Paid — — — — — — — — — -2,164.80
Change in Other Current Assets and Liab — — — — — 158.9 323.4 87.6 86 201.9
Purchase of Intangibles — — — — — -360.5 -399.6 -475.2 — —
Dividends Paid To Outside Equity Interests — — — — — — — — — -324.6
ARDR Free Cash Flow — 2,007.00 2,595.80 2,283.30 2,672.30 3,203.90 4,115.60 4,824.40 5,410.40 5,440.40
Source: Bloomberg Right click to show data transparency (not supported for all values)

Profitbility Ratios

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - Profitability
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Returns
Return on Common Equity 15.46 14.61 13.39 23.22 15.5 16.03 19.38 20.74 20.82 12.71
Return on Assets 7.28 7.05 6.47 10.31 6.44 6.94 8.29 8.82 8.4 4.58
Return on Capital 13.27 12.74 11.71 18.01 12.29 13.15 15.44 16.35 14.93 7.43
Return on Invested Capital 12.04 11.29 10.83 10.49 11.81 12.14 13.31 14.61 13.56 7
Margins
Gross Margin 65.8 64.71 65.55 64.75 64.8 65.32 65.33 66.63 66.23 64.46
EBITDA Margin 26.01 25.04 25.35 23.93 23.77 24.05 24.61 25.96 30.47 31.5
Operating Margin 21.78 20.42 20.41 17.74 17.94 18.35 19.04 21.04 20.95 17.95
Incremental Operating Margin 29.5 13.16 19.93 — 19.12 26.03 24.13 41.48 20.32 -35.82
Pretax Margin 20.76 20.37 19.64 27.35 16.74 17.52 18.89 20.26 19.96 16.49
Income before XO Margin 14.65 13.91 13.6 19.93 11.22 11.84 13.7 14.93 14.5 11.1
Net Income Margin 12.95 12.18 11.84 18.43 10.02 10.81 12.58 13.57 13.36 10.53
Net Income to Common Margin 12.95 12.18 11.84 18.43 10.02 10.81 12.58 13.57 13.36 10.53
Additional
Effective Tax Rate 29.58 31.79 30.75 27.13 32.98 32.39 27.49 26.34 27.37 32.71
Dvd Payout Ratio 42.26 42.35 45.15 28.43 49.96 49.39 46.86 47.49 33.71 64.3
Sustainable Growth Rate 8.93 8.42 7.35 16.62 7.76 8.11 10.3 10.89 13.8 4.54
Source: Bloomberg Right click to show data transparency (not supported for all values)

Growth Ratios

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - Growth
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
1 Year Growth
Revenue 16.43 18.78 3.25 5.59 16.4 5.43 13.39 9.83 14.62 -16.8
EBITDA 24.13 14.38 4.52 -0.34 15.65 6.68 16.01 15.86 34.53 -14
Operating Income 23.63 11.35 3.17 -8.19 17.68 7.88 17.61 21.41 14.12 -28.73
Net Income to Common 1.09 11.71 0.35 64.38 -36.74 13.8 31.95 18.43 12.86 -34.43
EPS Diluted -1.42 9.43 0.18 64.13 -36.84 13.84 32.01 18.52 12.85 -34.5
EPS Diluted before XO -1.42 9.43 0.18 64.13 -36.84 13.84 32.01 18.52 12.85 -34.5
EPS Diluted before Abnormal 19.37 7.98 1.06 6.05 -1.31 13.45 31.58 18.22 13.35 -31.15
Dividend per Share 23.81 11.54 6.9 3.23 10.94 12.68 25 20 -20 25
Accounts Receivable 20 5.7 9.52 4.6 10.86 6.51 1.9 17.76 7.08 -20.12
Inventory 25.35 7.59 5.1 11.58 6.55 4.46 3.24 14.67 9.87 -5.11
Fixed Assets 19.07 9.38 9.72 7.96 7.41 8.8 14.19 9.02 104.75 -0.64
Total Assets 26.65 6.22 12.36 -5.01 7.94 3.5 17.01 6.52 29.89 12.6
Modified Working Capital 22.4 7.69 6.32 10.5 6.31 4.51 0.42 14.4 9.24 -5.98
Working Capital -11.26 30.44 -9.58 37 5.32 5.38 -7.82 10.64 -42.14 277.03
Employees 16.78 9.01 7.79 5.8 3.34 -6.83 10.15 6.22 8.11 10.35
Accounts Payable 28.46 6.17 5.2 9.37 9.82 5.66 8.48 17.07 9.41 -12.32
Short-Term Debt 70.88 -5.04 57.06 -10.38 -10.03 -8.54 31.42 10.97 94.61 30.85
Total Debt 37.98 -6.25 29.52 4.76 -10.42 -10.88 56.88 -4.7 128.94 48.6
Total Equity 29.16 8.49 9.4 -17.57 12.15 8.14 8.89 11.79 12.98 1.21
Capital 31.14 5.01 13.64 -12.21 5.68 3.52 18.92 7.24 41.42 20.02
Book Value per Share 25.36 8.39 9.96 -19.27 11.63 8.58 9.62 11.44 13.12 2.21
Cash From Operations -3.51 6.89 14.58 -2.28 20.57 10.52 12.1 21.8 36.89 -6.34
Capital Expenditures 74.55 -7.78 -1.98 -3.1 13.51 23.63 -12.14 37.85 26.5 -24.77
Net Change In Cash — — — -7.27 — 86.51 — 182.92 36.35 1,220.02
Free Cash Flow -29.18 18.77 25.01 -1.87 24.01 4.67 24.87 15.86 41.48 0.93
Cash Flow to Firm -3.01 6.13 13.82 -2.04 19.48 10.96 12.16 21.35 38.78 -6.82
Free Cash Flow to Firm -27.57 16.75 23.35 -1.53 22.3 5.41 24.63 15.38 44.09 0
5 Year Growth
Revenue 9.1 11.26 11.03 12.43 11.91 9.71 8.69 10.04 11.87 4.6
EBITDA 10.91 11 11.35 12.95 11.33 8.01 8.31 10.57 17.41 10.65
Operating Income 10.6 10.69 10.45 11.45 8.94 6.01 7.18 10.72 15.65 4.61
Net Income to Common 10.28 11.08 11.14 26.34 3.34 5.82 9.4 13.08 4.89 5.65
EPS Diluted 9.6 10.07 9.9 24.82 2.3 5.29 9.31 13.05 4.89 5.65
EPS Diluted before XO 9.6 10.07 9.9 24.82 2.3 5.29 9.31 13.05 4.89 5.65
EPS Diluted before Abnormal 9.57 10.07 9.8 12.51 6.39 5.32 9.57 13.06 14.57 6.61
Dividend per Share 13.18 12.63 14.14 14.17 11.07 9 11.51 14.12 8.45 11.07
Accounts Receivable 5.15 4.47 5.67 9.34 10 7.41 6.63 8.19 8.69 1.8
Inventory 11.37 10.92 8.06 10.92 11 7.03 6.15 8.01 7.68 5.21
Fixed Assets 9.16 10.1 9.61 11.09 10.63 8.65 9.59 9.45 24.4 22.47
Total Assets 10.66 10.47 12.28 10.7 9.16 4.84 6.89 5.75 12.58 13.54
Modified Working Capital 10.28 9.96 7.55 9.44 10.49 7.05 5.56 7.12 6.87 4.28
Working Capital 5.51 12.11 2.99 3.79 8.6 12.39 4.85 9.17 -8.12 18.58
Employees 8.71 8.15 8.26 9.43 8.45 3.66 3.88 3.57 4.02 5.39
Accounts Payable 9.22 8.39 7.54 13.54 11.5 7.22 7.69 10.02 10.02 5.18
Short-Term Debt 8.34 -1.05 20.41 19.65 15.5 1.92 8.77 1.47 18.49 27.7
Total Debt 6.37 3.94 9.58 9.83 9.47 0.31 11.19 4.57 22.27 35.29
Total Equity 15.19 15.28 15.14 9.24 7.22 3.48 3.56 4 10.77 8.52
Total Capital 5 Year Growth 12.7 12.24 13.64 9.41 7.74 2.77 5.36 4.14 14.56 17.51
Book Value per Share 15.8 15.61 14.55 8.19 6.13 3.13 3.36 3.64 10.87 8.93
Cash From Operations 11.3 11.18 16 9.77 6.85 9.79 10.84 12.2 20.02 14.11
Free Cash Flow 7.3 11.79 20.93 7.54 5.05 13.59 14.74 13 21.58 16.68
Cash Flow to Firm 10.71 10.23 14.65 9.2 6.52 9.43 10.64 12.07 20.15 14.32
Free Cash Flow to Firm 6.68 10.22 18.28 6.86 4.67 12.82 14.31 12.79 21.71 16.91
Sequential Growth
Revenue 16.43 18.78 3.25 5.59 16.4 5.43 13.39 9.83 14.62 -16.8
EBITDA 24.13 14.38 4.52 -0.34 15.65 6.68 16.01 15.86 34.53 -14
Operating Income 23.63 11.35 3.17 -8.19 17.68 7.88 17.61 21.41 14.12 -28.73
Net Income to Common 1.09 11.71 0.35 64.38 -36.74 13.8 31.95 18.43 12.86 -34.43
EPS Diluted -1.42 9.43 0.18 64.13 -36.84 13.84 32.01 18.52 12.85 -34.5
EPS Diluted before XO -1.42 9.43 0.18 64.13 -36.84 13.84 32.01 18.52 12.85 -34.5
EPS Diluted before Abnormal 19.37 7.98 1.06 6.05 -1.31 13.45 31.58 18.22 13.35 -31.15
Dividend per Share 23.81 11.54 6.9 3.23 10.94 12.68 25 20 -20 25
Accounts Receivable 20 5.7 9.52 4.6 10.86 6.51 1.9 17.76 7.08 -20.12
Inventory 25.35 7.59 5.1 11.58 6.55 4.46 3.24 14.67 9.87 -5.11
Fixed Assets 19.07 9.38 9.72 7.96 7.41 8.8 14.19 9.02 104.75 -0.64
Total Assets 26.65 6.22 12.36 -5.01 7.94 3.5 17.01 6.52 29.89 12.6
Modified Working Capital 22.4 7.69 6.32 10.5 6.31 4.51 0.42 14.4 9.24 -5.98
Working Capital -11.26 30.44 -9.58 37 5.32 5.38 -7.82 10.64 -42.14 277.03
Employees 16.78 9.01 7.79 5.8 3.34 -6.83 10.15 6.22 8.11 10.35
Accounts Payable 28.46 6.17 5.2 9.37 9.82 5.66 8.48 17.07 9.41 -12.32
Short-Term Debt 70.88 -5.04 57.06 -10.38 -10.03 -8.54 31.42 10.97 94.61 30.85
Total Debt 37.98 -6.25 29.52 4.76 -10.42 -10.88 56.88 -4.7 128.94 48.6
Total Equity 29.16 8.49 9.4 -17.57 12.15 8.14 8.89 11.79 12.98 1.21
Capital 31.14 5.01 13.64 -12.21 5.68 3.52 18.92 7.24 41.42 20.02
Book Value per Share 25.36 8.39 9.96 -19.27 11.63 8.58 9.62 11.44 13.12 2.21
Cash From Operations -3.51 6.89 14.58 -2.28 20.57 10.52 12.1 21.8 36.89 -6.34
Capital Expenditures 74.55 -7.78 -1.98 -3.1 13.51 23.63 -12.14 37.85 26.5 -24.77
Net Change In Cash — -338.46 — -7.27 -145.33 — — 182.92 36.35 1,220.02
Free Cash Flow -29.18 18.77 25.01 -1.87 24.01 4.67 24.87 15.86 41.48 0.93
Cash Flow to Firm -3.01 6.13 13.82 -2.04 19.48 10.96 12.16 21.35 38.78 -6.82
Free Cash Flow to Firm -27.57 16.75 23.35 -1.53 22.3 5.41 24.63 15.38 44.09 0
Source: Bloomberg Right click to show data transparency (not supported for all values)

Credit Ratios

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - Credit
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
IFRS 16/ASC 842 Adoption No No No No No No No No Yes Yes
Total Debt 6,071.80 5,534.90 7,344.00 7,178.00 6,106.30 6,304.30 10,290.30 9,912.00 21,383.60 33,610.50
Short-Term Debt 2,618.90 2,418.10 3,890.50 3,253.10 2,779.60 2,945.00 4,026.90 4,516.60 8,282.70 11,463.80
Long Term Debt 3,452.90 3,116.80 3,453.50 3,924.90 3,326.80 3,359.30 6,263.50 5,395.40 13,100.90 22,146.70
Total Debt/T12M EBITDA 1.18 0.97 1.2 1.26 0.98 0.82 1.1 0.91 1.54 2.67
Net Debt/EBITDA -0.19 -0.22 -0.22 0.59 0.44 0.38 0.7 0.47 1.15 1.2
Total Debt/EBIT 1.41 1.19 1.49 1.7 1.29 1.07 1.43 1.12 2.25 4.68
Net Debt/EBIT -0.23 -0.27 -0.28 0.79 0.58 0.5 0.9 0.58 1.68 2.1
EBITDA to Interest Expense 32.56 42.91 53.3 50.91 76.38 56.88 61.36 75.5 36.58 38.43
EBITDA-CapEx/Interest Expense 23.3 33.08 41.85 40.27 60.71 43.36 50.31 59.33 29.21 31.66
EBIT to Interest Expense 27.27 34.99 42.91 37.75 57.63 43.4 47.46 61.21 25.16 21.9
EBITDA/Cash Interest Paid 40.48 45.7 66.27 63.2 113.04 74.13 81.33 107.58 45.05 40.41
EBITDA-CapEx/Cash Interest Paid 28.97 35.23 52.03 49.99 89.85 56.51 66.69 84.53 35.98 33.29
EBIT/Cash Interest Paid 33.91 37.27 53.34 46.86 85.29 56.57 62.91 87.2 30.98 23.03
Cash Interest Paid 131.9 124.9 94.3 93.5 54.5 99.9 113.1 100 318.5 309.5
Interest Expense 164 133 117.2 116.1 80.6 130.3 149.9 142.5 392.2 325.5
Common Equity/Total Assets 47.7 48.85 47.85 40.78 42.25 44.26 41.53 43.46 37.91 34.43
Long-Term Debt/Equity 17.57 15.04 14.87 21.97 17.49 14.09 23.2 17.68 40.33 63.69
Long-Term Debt/Capital 13.43 11.87 11.3 15.67 13.24 11.15 16.8 13.35 24.32 32.39
Long-Term Debt/Total Assets 8.78 7.67 7.39 9.47 7.83 6.6 10.1 8.08 16.03 22.76
Total Debt/Equity 30.9 26.71 31.62 40.18 32.09 26.45 38.11 32.49 65.83 96.66
Total Debt/Capital 23.61 21.08 24.02 28.66 24.3 20.92 27.59 24.52 39.7 49.15
Total Debt/Total Assets 15.44 13.62 15.71 17.32 14.37 12.38 16.6 14.85 26.17 34.54
Net Debt/Equity -4.95 -6.14 -5.93 18.78 14.45 12.41 24.11 16.95 49.14 43.31
Net Debt/Capital -5.21 -6.54 -6.3 15.81 12.62 11.04 19.42 14.49 32.95 30.22
EBITDA 5,340.70 5,709.50 6,246.10 5,910.60 6,158.10 7,409.00 9,195.30 10,756.70 14,346.60 12,508.30
EBITDA-CapEx 3,822.60 4,400.90 4,903.70 4,675.40 4,895.00 5,647.70 7,539.80 8,452.40 11,456.80 10,304.40
EBIT 4,473.60 4,655.70 5,027.60 4,382.70 4,646.60 5,653.40 7,113.00 8,719.70 9,865.30 7,127.50
Source: Bloomberg Right click to show data transparency (not supported for all values)

Credit Ex Operating LeaseRatios

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - Credit Ex Operating Leases
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
IFRS 16/ASC 842 Adoption No No No No No No No No Yes Yes
Total Debt 6,071.80 5,534.90 7,344.00 7,178.00 6,106.30 6,304.30 10,290.30 9,912.00 10,762.50 22,122.50
Short-Term Debt 2,618.90 2,418.10 3,890.50 3,253.10 2,779.60 2,945.00 4,026.90 4,516.60 6,443.80 9,526.70
Long Term Debt 3,452.90 3,116.80 3,453.50 3,924.90 3,326.80 3,359.30 6,263.50 5,395.40 4,318.70 12,595.80
Total Debt/T12M EBITDA 1.18 0.97 1.2 1.26 0.98 0.82 1.1 0.91 0.93 2.2
Net Debt/EBITDA -0.19 -0.22 -0.22 0.59 0.44 0.38 0.7 0.47 0.46 0.36
Total Debt/EBIT 1.41 1.19 1.49 1.7 1.29 1.07 1.43 1.12 1.16 3.19
Net Debt/EBIT -0.23 -0.27 -0.28 0.79 0.58 0.5 0.9 0.58 0.58 0.52
EBITDA to Interest Expense 32.56 42.91 53.3 50.91 76.38 56.88 61.36 75.5 86.99 131.94
EBITDA-CapEx/Interest Expense 23.3 33.08 41.85 40.27 60.71 43.36 50.31 59.33 66.01 102.79
EBIT to Interest Expense 27.27 34.99 42.91 37.75 57.63 43.4 47.46 61.21 69.78 90.98
EBITDA/Cash Interest Paid 40.48 45.7 66.27 63.2 113.04 74.13 81.33 107.58 110.15 193.36
EBITDA-CapEx/Cash Interest Paid 28.97 35.23 52.03 49.99 89.85 56.51 66.69 84.53 83.58 150.64
EBIT/Cash Interest Paid 33.91 37.27 53.34 46.86 85.29 56.57 62.91 87.2 88.35 133.33
Cash Interest Paid 131.9 124.9 94.3 93.5 54.5 99.9 113.1 100 108.8 51.6
Interest Expense 164 133 117.2 116.1 80.6 130.3 149.9 142.5 137.7 75.6
Common Equity/Total Assets 47.7 48.85 47.85 40.78 42.25 44.26 41.53 43.46 43.5 38.91
Long-Term Debt/Equity 17.57 15.04 14.87 21.97 17.49 14.09 23.2 17.68 13.3 36.22
Long-Term Debt/Capital 13.43 11.87 11.3 15.67 13.24 11.15 16.8 13.35 9.99 22.14
Long-Term Debt/Total Assets 8.78 7.67 7.39 9.47 7.83 6.6 10.1 8.08 6.07 14.63
Total Debt/Equity 30.9 26.71 31.62 40.18 32.09 26.45 38.11 32.49 33.13 63.62
Total Debt/Capital 23.61 21.08 24.02 28.66 24.3 20.92 27.59 24.52 24.89 38.88
Total Debt/Total Assets 15.44 13.62 15.71 17.32 14.37 12.38 16.6 14.85 15.12 25.69
Net Debt/Equity -4.95 -6.14 -5.93 18.78 14.45 12.41 24.11 16.95 16.44 10.27
Net Debt/Capital -5.21 -6.54 -6.3 15.81 12.62 11.04 19.42 14.49 14.12 9.31
EBITDA 5,340.70 5,709.50 6,246.10 5,910.60 6,158.10 7,409.00 9,195.30 10,756.70 11,982.30 9,974.40
EBITDA-CapEx 3,822.60 4,400.90 4,903.70 4,675.40 4,895.00 5,647.70 7,539.80 8,452.40 9,092.40 7,770.50
EBIT 4,473.60 4,655.70 5,027.60 4,382.70 4,646.60 5,653.40 7,113.00 8,719.70 9,610.90 6,877.60
Source: Bloomberg Right click to show data transparency (not supported for all values)

Working Capital Ratios

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - Working Capital
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Accounts Receivable Turnover 13.74 14.55 13.95 13.78 14.88 14.44 15.73 15.72 16.09 14.39
Days Sales Outstanding 26.56 25.15 26.16 26.5 24.54 25.34 23.2 23.22 22.69 25.44
Inventory Turnover 1.2 1.27 1.21 1.2 1.28 1.26 1.38 1.34 1.38 1.19
Days Inventory Outstanding 304.49 287.68 302.53 303.58 284.53 289.71 264.61 273 263.86 308.24
Accounts Payable Turnover 3.66 3.45 3.24 3.41 3.48 3.31 3.47 3.5 3.48 2.78
Accounts Payable Turnover Days 99.69 106.2 112.75 106.91 104.81 110.49 105.25 104.41 104.93 131.63
Cash Conversion Cycle 231.36 206.64 215.93 223.17 204.26 204.56 182.56 191.81 181.62 202.04
Inventory to Cash Days 331.05 312.84 328.69 330.08 309.07 315.04 287.81 296.22 286.54 333.68
Total Inventory 6,275.70 6,565.20 7,068.50 7,358.20 7,445.60 9,010.00 9,678.80 11,217.50 11,613.40 11,656.30
Inventory Raw Materials 2,843.70 2,847.10 3,093.90 3,120.30 3,115.10 3,657.50 4,015.30 4,298.30 4,247.60 6,309.10
Inventory In Progress 1,079.70 1,109.90 963 1,250.30 1,084.80 1,046.60 1,217.80 1,527.40 1,608.60 0
Inventory Finished Goods 2,974.90 3,402.00 3,011.50 3,938.80 4,226.50 4,305.90 4,445.60 5,391.80 5,757.20 5,347.30
Other Inventory -622.6 -793.8 0 -951.3 -980.8 0 0 0 0 0
Source: Bloomberg Right click to show data transparency (not supported for all values)

Segements by measure

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - By Measure
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Revenue 20,535.60 100.00% 22,798.10 100.00% 24,638.10 100.00% 24,701.70 100.00% 25,905.10 100.00% 30,802.40 100.00% 37,366.70 100.00% 41,435.60 100.00% 47,085.10 100.00% 39,711.80 100.00%
Fashion and Leather Goods 7,527.10 37.10% 8,008.50 35.50% 8,350.20 34.20% 8,704.20 35.60% 8,958.30 35.00% 10,465.40 33.60% 13,559.90 35.80% 16,330.60 38.90% 19,508.70 41.30% 18,861.10 47.40%
Selective Retailing 5,567.20 27.40% 6,373.10 28.30% 7,540.20 30.90% 7,668.20 31.30% 8,139.70 31.80% 9,808.40 31.50% 11,665.90 30.80% 12,075.10 28.80% 12,976.30 27.50% 9,031.70 22.70%
Perfumes and Cosmetics 2,474.60 12.20% 2,567.60 11.40% 2,742.70 11.20% 2,715.40 11.10% 2,808.90 11.00% 4,057.60 13.00% 4,872.90 12.90% 5,390.70 12.80% 5,996.40 12.70% 4,667.50 11.70%
Wines and Spirits 3,058.80 15.10% 3,356.10 14.90% 3,520.50 14.40% 3,180.60 13.00% 3,323.10 13.00% 3,960.90 12.70% 4,455.70 11.80% 4,551.00 10.80% 4,891.90 10.40% 4,229.00 10.60%
Cognac and Spirits 1,512.00 7.50% 1,749.80 7.80% 1,898.60 7.80% 1,602.80 6.60% 1,730.20 6.80% 2,086.50 6.70% 2,347.90 6.20% 2,454.70 5.80% 2,692.50 5.70% 2,344.40 5.90%
Champagne and Wines 1,546.70 7.60% 1,606.20 7.10% 1,644.70 6.70% 1,600.40 6.50% 1,613.30 6.30% 1,874.40 6.00% 2,108.60 5.60% 2,096.30 5.00% 2,199.40 4.70% 1,884.60 4.70%
Watches and Jewelry 1,658.70 8.20% 2,253.60 10.00% 2,246.80 9.20% 2,193.00 9.00% 2,360.70 9.20% 2,841.00 9.10% 3,334.70 8.80% 3,648.40 8.70% 3,864.50 8.20% 2,984.80 7.50%
Holding Companies and Other 260.4 256.3 237.8 240.3 314.5 -331 -522.3 -560.1 -152.7 -62.3
Eliminations -11.3 -17 — — — — — — — —
Intersegment Revenue 408.8 100.00% 503 100.00% 553.6 100.00% 570 100.00% 591.3 100.00% 853.6 100.00% 1,092.90 100.00% 1,191.90 100.00% 1,217.70 100.00% 834.2 100.00%
Perfumes and Cosmetics 298.6 75.30% 363.4 74.20% 413.5 76.50% 441.8 79.10% 472.1 81.40% 712.7 84.70% 899.2 83.30% 953 81.00% 962.4 80.00% 704.4 86.20%
Watches and Jewelry 33 8.30% 47.1 9.60% 43.3 8.00% 50 8.90% 42.1 7.30% 48.3 5.70% 72.7 6.70% 98.2 8.40% 105.3 8.70% 36.5 4.50%
Selective Retailing 19.1 4.80% 18.7 3.80% 19.5 3.60% 18.5 3.30% 19.6 3.40% 22.9 2.70% 34.2 3.20% 41.6 3.50% 47.4 3.90% 35.6 4.40%
Fashion and Leather Goods 34.7 8.80% 43.8 8.90% 41.6 7.70% 25.8 4.60% 26.1 4.50% 32.8 3.90% 43.8 4.10% 58.4 5.00% 64 5.30% 31.1 3.80%
Holding Companies and Other 12.2 13 12.7 11.3 10.9 12.3 14 15.9 14 16.9
Wines and Spirits 11.3 2.80% 17 3.50% 22.9 4.20% 22.6 4.00% 20.3 3.50% 24.6 2.90% 28.9 2.70% 24.8 2.10% 24.6 2.00% 9.8 1.20%
Revenue Including Intersegment Revenue 20,944.40 100.00% 23,301.10 100.00% 25,191.70 100.00% 25,271.70 100.00% 26,496.40 100.00% 31,656.00 100.00% 38,459.60 100.00% 42,627.60 100.00% 48,302.80 100.00% 40,546.00 100.00%
Fashion and Leather Goods 7,561.90 36.60% 8,052.30 35.00% 8,391.90 33.60% 8,730.00 34.90% 8,984.40 34.30% 10,465.40 33.60% 13,559.90 35.80% 16,330.60 38.90% 19,508.70 41.30% 18,861.10 47.40%
Selective Retailing 5,586.30 27.00% 6,391.70 27.80% 7,559.70 30.30% 3,157.20 12.60% 8,159.30 31.20% 9,808.40 31.50% 11,665.90 30.80% 12,075.10 28.80% 12,976.30 27.50% 9,031.70 22.70%
Perfumes and Cosmetics 2,773.20 13.40% 2,931.00 12.70% 3,156.20 12.70% 7,686.70 30.70% 3,281.00 12.50% 4,057.60 13.00% 4,872.90 12.90% 5,390.70 12.80% 5,996.40 12.70% 4,667.50 11.70%
Wines and Spirits 3,058.80 14.80% 3,356.10 14.60% 3,543.40 14.20% 3,203.20 12.80% 3,343.50 12.80% 3,960.90 12.70% 4,455.70 11.80% 4,551.00 10.80% 4,891.90 10.40% 4,229.00 10.60%
Watches and Jewelry 1,691.70 8.20% 2,300.70 10.00% 2,290.10 9.20% 2,243.00 9.00% 2,402.80 9.20% 2,841.00 9.10% 3,334.70 8.80% 3,648.40 8.70% 3,864.50 8.20% 2,984.80 7.50%
Holding Companies and Other 272.5 269.3 250.5 251.5 325.4 522.7 570.5 631.8 1,065.10 772
Operating Income 4,568.20 100.00% 4,803.30 100.00% 5,109.20 100.00% 4,607.70 100.00% 4,797.60 100.00% 5,755.80 100.00% 7,268.10 100.00% 8,851.50 100.00% 10,092.60 100.00% 7,386.30 100.00%
Fashion and Leather Goods 2,669.00 55.90% 2,647.90 53.30% 2,662.00 50.60% 2,571.10 53.90% 2,545.90 51.90% 3,172.80 53.00% 4,298.80 56.70% 5,258.90 57.50% 6,443.00 61.80% 6,392.90 82.10%
Wines and Spirits 955.6 20.00% 1,022.20 20.60% 1,160.70 22.10% 924.8 19.40% 990 20.20% 1,232.10 20.60% 1,365.50 18.00% 1,441.50 15.80% 1,516.90 14.50% 1,234.50 15.90%
Cognac and Spirits — — — — — 693.1 11.60% 774.7 10.20% 867.2 9.50% 911.5 8.70% 800.4 10.30%
Champagne and Wines — — — — — 539 9.00% 590.7 7.80% 574.3 6.30% 605.3 5.80% 434 5.60%
Watches and Jewelry 230 4.80% 271 5.50% 311.6 5.90% 228.2 4.80% 313.8 6.40% 375.2 6.30% 448.7 5.90% 622.1 6.80% 645.7 6.20% 268.6 3.40%
Perfumes and Cosmetics 302.1 6.30% 331 6.70% 351.5 6.70% 334.6 7.00% 381.3 7.80% 451.4 7.50% 525.8 6.90% 598.2 6.50% 599.2 5.70% 71.2 0.90%
Selective Retailing 621.5 13.00% 692.8 14.00% 771 14.70% 711.1 14.90% 678.4 13.80% 752.9 12.60% 942.1 12.40% 1,222.90 13.40% 1,223.80 11.70% -180.5 -2.30%
Eliminations -33 -28.4 -1.7 -31.4 -111.9 -228.6 -312.9 -292 -336 -400.2
Holding Companies and Other -177.1 -133 -146 -130.6 — — — — — —
Operating Margin — — — — — — — — — —
Fashion and Leather Goods 35 33 32 29 28.3 30.3 31.7 32.2 33 33.9
Wines and Spirits 31 30 33 29 29.6 31.1 30.6 31.7 31 29.2
Watches and Jewelry 14 12 14 10 13.1 13.2 13.5 17.1 16.7 9
Perfumes and Cosmetics 11 11 11 11 11.6 11.1 10.8 11.1 10 1.5
Selective Retailing 11 11 10 9 8.3 7.7 8.1 10.1 9.4 -2
Holding Companies and Other -68 -52 — — — — — — — —
Earnings Before Interest Expenses & Taxes (EBIT) — — — — — — 1,365.50 100.00% 1,441.50 100.00% 1,516.90 100.00% 1,234.50 100.00%
Cognac and Spirits — — — — — — 774.7 56.70% 867.2 60.20% 911.5 60.10% 800.4 64.80%
Champagne and Wines — — — — — — 590.7 43.30% 574.3 39.80% 605.3 39.90% 434 35.20%
Revenue Growth % — — — — — — — — — —
Fashion and Leather Goods 15 14 -0.4 10 14 3 21 19 20 -5
Wines and Spirits 8 17 0.9 -5 16 5 5 1 8 -15
Cognac and Spirits 9 24 0 -11 20 7 5 4 10.63 -14
Champagne and Wines 7 11 0 2 12 3 5 -2 5.83 -15
Perfumes and Cosmetics 4 13 3 5 15 6 12 10 12 -23
Watches and Jewelry 98 46 -5 3 19 5 10 8 7 -24
Selective Retailing 20 22 13 7 18 7 11 3 8 -31
Organic Growth — — — — — — — — — —
Fashion and Leather Goods 16 7 5 3 4 4 13 15 17 -3
Wines and Spirits 10 11 6 -3 6 7 7 5 6 -14
Cognac and Spirit — 15 7 -10 6 8 7 7 7 -12
Champagne and Wines — 7 5 6 6 6 7 3 3 -16
Perfumes and Cosmetics 9 8 7 7 7 8 14 14 9 -22
Watches and Jewelry 23 6 4 4 8 5 12 12 3 -23
Selective Retailing 19 14 17 8 5 8 13 6 5 -30
Property/Plant/Equipment — 7,125.00 100.00% 8,008.20 100.00% 8,066.40 100.00% 8,228.00 100.00% 10,371.00 100.00% 11,739.30 100.00% 13,577.80 100.00% — 27,533.30 100.00%
Fashion and Leather Goods — 1,436.50 31.30% 1,690.50 32.10% 1,681.30 31.70% 1,567.10 29.60% 1,830.90 28.00% 2,718.40 35.40% 3,476.20 39.40% — 8,859.60 43.70%
Corporate and Other — 2,536.70 2,747.60 2,769.30 2,929.30 3,843.70 4,062.40 4,770.00 — 7,810.00
Selective Retailing — 1,017.30 22.20% 1,092.90 20.80% 1,098.90 20.70% 1,143.10 21.60% 1,518.20 23.20% 1,512.10 19.70% 1,632.50 18.50% — 5,751.20 28.40%
Wines and Spirits — 1,573.90 34.30% 1,816.20 34.50% 1,816.40 34.30% 1,831.90 34.60% 2,232.40 34.20% 2,435.70 31.70% 2,579.50 29.30% — 3,039.50 15.00%
Watches and Jewelry — 307.1 6.70% 324.6 6.20% 330 6.20% 369.5 7.00% 452 6.90% 477.4 6.20% 517.5 5.90% — 1,547.50 7.60%
Perfumes and Cosmetics — 253.5 5.50% 336.3 6.40% 370.4 7.00% 387.2 7.30% 499.8 7.70% 539.6 7.00% 608.3 6.90% — 1,085.40 5.40%
Adjustments — — — — — — — — — 0.9
Eliminations — — — — — -6 -6.2 -6.3 — -560.6
Net PP&E Excluding Right of Use Assets — — — — — — — — 15,690.80 100.00% 16,320.30 100.00%
Corporate and Other — — — — — — — — 6,593.60 7,014.80
Fashion and Leather Goods — — — — — — — — 3,647.30 40.10% 3,722.80 40.00%
Wines and Spirits — — — — — — — — 2,660.10 29.20% 2,894.40 31.10%
Selective Retailing — — — — — — — — 1,624.70 17.80% 1,543.00 16.60%
Perfumes and Cosmetics — — — — — — — — 654.5 7.20% 634.9 6.80%
Watches and Jewelry — — — — — — — — 516.5 5.70% 516.7 5.50%
Adjustments — — — — — — — — — 0.9
Eliminations — — — — — — — — -5.9 -7.2
Goodwill 14,938.80 100.00% — — — — — — — — —
Corporate and Other 727.8 — — — — — — — — —
Watches & Jewelry 4,531.70 31.90% — — — — — — — — —
Perfumes & Cosmetics 773.8 5.40% — — — — — — — — —
Wines & Spirits 2,546.20 17.90% — — — — — — — — —
Selective Retailing 2,427.50 17.10% — — — — — — — — —
Fashion and Leather Goods 3,931.70 27.70% — — — — — — — — —
Intangible Assets — 15,694.70 100.00% 18,024.10 100.00% 16,961.40 100.00% 17,473.80 100.00% 20,278.90 100.00% 26,870.80 100.00% 27,835.70 100.00% 28,147.40 100.00% 29,601.10 100.00%
Fashion and Leather Goods — 3,770.10 26.00% 6,003.90 34.70% 5,624.00 34.50% 5,315.00 31.70% 5,656.70 29.20% 11,185.50 43.10% 11,901.20 44.10% 11,107.90 41.90% 11,694.80 41.90%
Wines and Spirits — 3,153.40 21.80% 3,286.20 19.00% 2,918.40 17.90% 3,613.60 21.50% 4,429.80 22.90% 5,579.90 21.50% 5,531.90 20.50% 6,419.20 24.20% 7,038.90 25.20%
Watches and Jewelry — 4,419.30 30.50% 4,638.00 26.80% 4,376.10 26.90% 4,314.20 25.70% 5,022.70 25.90% 5,052.70 19.50% 5,203.10 19.30% 4,845.30 18.30% 5,151.10 18.50%
Selective Retailing — 2,369.30 16.30% 2,487.90 14.40% 2,454.80 15.10% 2,625.40 15.60% 3,154.30 16.30% 2,976.20 11.50% 3,081.80 11.40% 2,937.80 11.10% 2,823.60 10.10%
Corporate and Other — 660.6 719.2 669.4 697.7 900.5 938.7 854.5 1,651.00 1,692.60
Perfumes and Cosmetics — 785.7 5.40% 889 5.10% 918.7 5.60% 907.8 5.40% 1,114.90 5.80% 1,137.80 4.40% 1,263.30 4.70% 1,186.10 4.50% 1,200.00 4.30%
Eliminations — 536.3 — — — — — — — —
Assets 39,332.10 100.00% 40,624.50 100.00% 46,759.90 100.00% 41,440.20 100.00% 42,479.50 100.00% 50,938.30 100.00% 62,007.90 100.00% 66,756.90 100.00% 81,706.80 100.00% 97,319.10 100.00%
Fashion and Leather Goods 6,717.70 24.20% 6,858.50 23.70% 9,449.90 28.70% 9,124.10 28.40% 8,681.60 26.40% 9,602.10 24.50% 17,761.90 36.00% 18,935.40 35.90% 23,351.20 36.80% 24,714.20 37.90%
Eliminations 7,936.10 7,814.80 9,712.10 5,250.50 5,149.10 5,962.50 6,577.30 7,498.70 8,221.70 21,125.80
Wines and Spirits 8,172.60 29.50% 8,930.40 30.80% 9,785.30 29.80% 9,322.10 29.00% 10,008.30 30.50% 12,078.00 30.80% 13,850.50 28.10% 14,328.90 27.20% 15,413.10 24.30% 16,657.00 25.50%
Selective Retailing 4,759.80 17.20% 5,019.80 17.30% 5,237.30 15.90% 5,367.80 16.70% 5,737.60 17.50% 7,303.90 18.60% 7,116.00 14.40% 7,770.90 14.70% 11,842.00 18.70% 11,089.50 17.00%
Corporate and Other 3,685.20 3,815.60 4,161.00 4,096.50 4,475.00 5,782.30 6,152.30 6,522.10 10,094.50 10,982.00
Watches and Jewelry 6,337.50 22.90% 6,340.10 21.90% 6,401.70 19.50% 6,165.30 19.20% 6,226.50 19.00% 7,288.50 18.60% 7,324.00 14.90% 7,814.10 14.80% 8,544.30 13.50% 8,770.00 13.40%
Perfumes and Cosmetics 1,723.10 6.20% 1,845.20 6.40% 2,012.70 6.10% 2,113.90 6.60% 2,201.40 6.70% 2,921.00 7.50% 3,226.00 6.50% 3,886.80 7.40% 4,240.00 6.70% 3,980.70 6.10%
Liabilities 19,685.30 100.00% 19,898.70 100.00% 24,881.10 100.00% 23,576.40 100.00% 23,453.30 100.00% 27,099.30 100.00% 35,004.60 100.00% 36,247.30 100.00% 49,225.40 100.00% 62,546.20 100.00%
Eliminations 13,989.50 13,860.80 18,394.50 16,758.70 16,259.20 17,891.00 24,563.10 24,310.10 37,012.60 38,045.20
Fashion and Leather Goods 1,427.30 27.80% 1,482.00 27.70% 1,771.30 30.10% 1,759.00 28.90% 1,807.60 28.40% 2,256.30 27.50% 3,146.00 33.60% 3,829.30 35.40% 3,995.30 37.00% 9,538.40 43.10%
Selective Retailing 1,250.10 24.30% 1,455.20 27.20% 1,509.90 25.60% 1,594.30 26.20% 1,788.40 28.10% 2,498.10 30.50% 2,523.70 27.00% 2,699.90 25.00% 2,487.40 23.00% 6,492.70 29.30%
Perfumes and Cosmetics 851.5 16.60% 867 16.20% 940.6 16.00% 1,029.00 16.90% 1,032.50 16.20% 1,361.00 16.60% 1,516.50 16.20% 1,900.30 17.60% 1,965.10 18.20% 2,400.00 10.80%
Corporate and Other 553.2 689 592.6 723.8 834.1 1,006.40 1,087.20 1,122.20 1,417.30 2,357.10
Watches and Jewelry 561.6 10.90% 563.1 10.50% 593.5 10.10% 577 9.50% 680 10.70% 784.3 9.60% 795.6 8.50% 965.9 8.90% 885.6 8.20% 2,121.50 9.60%
Wines and Spirits 1,052.10 20.50% 981.5 18.40% 1,078.70 18.30% 1,134.60 18.60% 1,051.60 16.50% 1,302.00 15.90% 1,372.50 14.70% 1,419.60 13.10% 1,462.10 13.50% 1,592.30 7.20%
Adjustments — — — — — — — — — -0.9
Depreciation and Amortization 767.3 100.00% 826.6 100.00% 954.4 100.00% 1,073.10 100.00% 1,135.30 100.00% 1,328.80 100.00% 1,596.80 100.00% 1,734.40 100.00% 3,964.60 100.00% 4,449.60 100.00%
Fashion and Leather Goods 311.6 42.40% 335.9 42.40% 380.4 41.30% 447.5 43.00% 465.6 42.10% 492.3 38.30% 586.3 38.10% 671.6 40.20% 1,628.30 42.50% 1,840.10 43.00%
Selective Retailing 181.4 24.70% 185.8 23.40% 221.6 24.10% 238.6 22.90% 265.8 24.10% 326.9 25.40% 396.1 25.70% 407.9 24.40% 1,236.10 32.30% 1,377.70 32.20%
Watches and Jewelry 71.2 9.70% 99 12.50% 118 12.80% 137.9 13.30% 144.5 13.10% 170.4 13.30% 195.4 12.70% 210.6 12.60% 418.5 10.90% 422.5 9.90%
Perfumes and Cosmetics 91.1 12.40% 90.9 11.50% 108.7 11.80% 120.1 11.60% 132.9 12.00% 173.7 13.50% 222.6 14.50% 243.3 14.60% 378.1 9.90% 409.1 9.60%
Corporate and Other 32.1 34.1 33.1 33.1 30.5 44.2 57 63.7 222 278.4
Wines and Spirits 79.9 10.90% 81.1 10.20% 92.6 10.00% 95.9 9.20% 95.9 8.70% 121.2 9.40% 139.3 9.00% 137.2 8.20% 167.6 4.40% 225.9 5.30%
Eliminations — — — — — — — — -86 -104.1
Inventories 6,275.70 100.00% 5,771.40 100.00% 7,068.50 100.00% 7,358.20 100.00% 7,445.60 100.00% 9,010.00 100.00% 9,678.80 100.00% 11,217.50 100.00% 11,613.40 100.00% 11,656.30 100.00%
Wines and Spirits 3,263.20 51.60% 3,256.60 49.20% 3,530.90 50.00% 3,546.70 48.40% 3,536.20 47.60% 4,203.40 46.50% 4,546.90 45.80% 4,915.60 42.70% 4,925.80 41.40% 5,409.10 45.60%
Fashion and Leather Goods 860.7 13.60% 940.9 14.20% 1,141.20 16.20% 1,212.30 16.50% 1,154.90 15.50% 1,282.40 14.20% 1,674.80 16.90% 2,124.00 18.40% 2,441.70 20.50% 2,441.20 20.60%
Selective Retailing 986.9 15.60% 1,154.60 17.50% 1,196.90 16.90% 1,295.30 17.70% 1,407.80 18.90% 1,855.70 20.50% 1,876.50 18.90% 2,274.90 19.80% 2,278.30 19.20% 1,890.50 15.90%
Watches and Jewelry 934.2 14.80% 985.6 14.90% 898.1 12.70% 966.1 13.20% 1,003.70 13.50% 1,198.70 13.30% 1,262.30 12.70% 1,445.70 12.60% 1,543.40 13.00% 1,469.60 12.40%
Perfumes and Cosmetics 281.6 4.50% 275.4 4.20% 296.3 4.20% 309.1 4.20% 329.7 4.40% 496.4 5.50% 563.6 5.70% 756.5 6.60% 702.7 5.90% 664.5 5.60%
Corporate and Other 56 82.1 133.2 185.6 169.6 200.8 14.2 20.7 38.9 33.1
Eliminations -107 -923.8 -128.2 -156.9 -156.3 -227.3 -259.6 -319.9 -317.5 -251.6
Capital Expenditures -1,623.10 -1,452.90 -1,407.00 -1,431.10 -1,420.00 -1,855.50 -1,994.70 -2,688.30 -2,889.90 -2,203.90
Eliminations — -72.2 — — 0 4.9 0.9 0 0 0
Watches and Jewelry -146.7 13.90% -110.3 9.50% -158.8 11.50% -154 12.40% -148.2 12.60% -187.6 12.50% -235.8 13.60% -268.1 13.20% -259.7 10.40% -186.8 10.30%
Perfumes and Cosmetics -125.9 11.90% -159 13.80% -194.4 14.10% -178.2 14.40% -166.3 14.20% -219.5 14.60% -250.7 14.40% -292 14.40% -332.5 13.30% -249 13.70%
Wines and Spirits -147.6 14.00% -147.6 12.80% -157.9 11.50% -122.5 9.90% -169.2 14.40% -226.1 15.00% -255.9 14.70% -263.7 13.00% -285.1 11.40% -284.6 15.60%
Selective Retailing -204 19.30% -269.3 23.30% -330.3 24.00% -313.6 25.30% -289.8 24.70% -457.1 30.40% -499.6 28.80% -475.2 23.40% -578.1 23.10% -364.6 20.00%
Corporate and Other -568.5 -224.7 -31.4 -191.1 -244.8 -355.5 -260.3 -657.5 -382.5 -383.3
Fashion and Leather Goods -430.5 40.80% -469.7 40.60% -534.1 38.80% -471.7 38.00% -401.7 34.20% -414.5 27.50% -493.4 28.40% -731.8 36.00% -1,051.90 42.00% -735.5 40.40%
Number of Locations 3,040.00 100.00% 3,204.00 100.00% 3,384.00 100.00% 3,708.00 100.00% 3,860.00 100.00% 3,948.00 100.00% 4,374.00 100.00% 4,592.00 100.00% 4,915.00 100.00% 5,003.00 100.00%
Selective Retailing — 1,466.00 45.76% 1,541.00 45.54% 1,614.00 43.53% — 1,778.00 45.04% 1,880.00 42.98% 1,940.00 42.25% 2,011.00 40.92% 2,072.00 41.42%
Sephora - Selective Retailing 1,300.00 42.76% — — — 1,626.00 42.12% 1,726.00 43.72% 1,825.00 41.72% 1,886.00 41.07% 1,957.00 39.82% 2,021.00 40.40%
Other Store - Selective Retailing 68 2.24% — — — 53 1.37% 52 1.32% 55 1.26% 54 1.18% 54 1.10% 51 1.02%
Other Store - Selective Retailing — 68 2.12% 60 1.77% 54 1.46% — — — — — —
Sephora - Selective Retailing — 1,398.00 43.63% 1,481.00 43.76% 1,560.00 42.07% — — — — — —
Fashion and Leather Goods 1,246.00 40.99% 1,280.00 39.95% 1,339.00 39.57% 1,534.00 41.37% 1,566.00 40.57% 1,508.00 38.20% 1,769.00 40.44% 1,852.00 40.33% 2,002.00 40.73% 2,007.00 40.12%
Watches and Jewelry — 347 10.83% 363 10.73% 380 10.25% — 397 10.06% 405 9.26% 428 9.32% 457 9.30% 471 9.41%
Perfumes and Cosmetics — 94 2.93% 123 3.63% 162 4.37% — 248 6.28% 302 6.90% 354 7.71% 426 8.67% 434 8.67%
Other stores 14 0.46% 17 0.53% 18 0.53% 18 0.49% 17 0.44% 17 0.43% 18 0.41% 18 0.39% 19 0.39% 19 0.38%
Watches and Jewelry 327 10.76% — — — 395 10.23% — — — — —
Selective Retailing 1,368.00 45.00% — — — 1,679.00 43.50% — — — — —
Perfumes and Cosmetics 85 2.80% — — — 203 5.26% — — — — —
Number of Employees 97,559.00 100.00% 106,348.00 100.00% 114,635.00 100.00% 121,289.00 100.00% 125,346.00 100.00% — — — — —
Other Activities 1,473.00 1.51% 1,551.00 1.46% 1,558.00 1.36% 1,657.00 1.37% 2,068.00 1.65% — — — — —
Watches and Jewelry 7,249.00 7.43% 7,729.00 7.27% 7,474.00 6.52% 7,625.00 6.29% 7,800.00 6.22% — — — — —
Perfumes and Cosmetics 18,423.00 18.88% 19,578.00 18.41% 21,256.00 18.54% 22,009.00 18.15% 23,131.00 18.45% — — — — —
Wines and Spirits 6,372.00 6.53% 6,634.00 6.24% 6,921.00 6.04% 7,057.00 5.82% 7,050.00 5.62% — — — — —
Selective Retailing 36,905.00 37.83% 42,352.00 39.82% 45,277.00 39.50% 49,566.00 40.87% 51,920.00 41.42% — — — — —
Fashion and Leather Goods 27,137.00 27.82% 28,504.00 26.80% 32,149.00 28.04% 33,375.00 27.52% 33,377.00 26.63% — — — — —
Source: Bloomberg

Segements by geography

LVMH Moet Hennessy Louis Vuitton SE (MC FP) - By Geography
In Millions of GBP except Per Share FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
12 Months Ending 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020
Revenue 20,535.60 100.00% 22,798.10 100.00% 24,638.10 100.00% 24,701.70 100.00% 25,905.10 100.00% 30,802.40 100.00% 37,366.70 100.00% 41,435.60 100.00% 47,085.10 100.00% 39,711.80 100.00%
Asia (Excluding Japan) 5,581.10 27.20% 6,404.70 28.10% 7,342.30 29.80% 7,046.60 28.50% 6,999.30 27.00% 8,128.20 26.40% 10,463.50 28.00% 12,016.30 29.00% 14,202.70 30.20% 13,666.20 34.40%
United States 4,545.60 22.10% 5,183.80 22.70% 5,638.20 22.90% 5,854.90 23.70% 6,787.90 26.20% 8,195.40 26.60% 9,340.90 25.00% 9,944.60 24.00% 11,065.50 23.50% 9,469.30 23.80%
Europe (Excluding France) 4,163.70 20.30% 4,425.30 19.40% 4,630.30 18.80% 4,700.40 19.00% 4,654.50 18.00% 5,591.10 18.20% 7,099.70 19.00% 7,872.80 19.00% 8,951.20 19.00% 6,525.40 16.40%
Rest of the World 2,047.60 10.00% 2,346.90 10.30% 2,633.10 10.70% 2,811.40 11.40% 3,076.90 11.90% 3,611.10 11.70% 4,110.30 11.00% 4,557.90 11.00% 5,318.20 11.30% 4,272.60 10.80%
France 2,487.60 12.10% 2,520.50 11.10% 2,647.60 10.70% 2,589.70 10.50% 2,580.10 10.00% 3,068.00 10.00% 3,736.70 10.00% 4,143.60 10.00% 4,145.30 8.80% 2,964.30 7.50%
Japan 1,709.90 8.30% 1,916.90 8.40% 1,746.60 7.10% 1,698.80 6.90% 1,806.50 7.00% 2,208.60 7.20% 2,615.70 7.00% 2,900.50 7.00% 3,402.20 7.20% 2,814.00 7.10%
Revenue - Supplementary Breakdown 20,535.60 100.00% 22,798.10 100.00% 24,638.10 100.00% 24,701.70 100.00% 25,905.10 100.00% 30,802.40 100.00% 37,366.70 100.00% 41,435.60 100.00% 47,085.10 100.00% 39,711.80 100.00%
Worldwide 20,535.60 100.00% 22,798.10 100.00% 24,638.10 100.00% 24,701.70 100.00% 25,905.10 100.00% 30,802.40 100.00% 37,366.70 100.00% 41,435.60 100.00% 47,085.10 100.00% 39,711.80 100.00%
Asia (Excluding Japan) 5,544.60 27.00% 6,383.50 28.00% 7,391.40 30.00% 7,163.50 29.00% 6,994.40 27.00% 8,008.60 26.00% 10,462.60 28.00% 12,016.30 29.00% 14,125.50 30.00% 13,502.00 34.00%
United States 4,517.80 22.00% 5,243.60 23.00% 5,666.80 23.00% 5,928.40 24.00% 6,735.30 26.00% 8,316.70 27.00% 9,341.70 25.00% 9,944.60 24.00% 11,300.40 24.00% 9,530.80 24.00%
Europe (Excluding France) 4,312.50 21.00% 4,559.60 20.00% 4,681.20 19.00% 4,693.30 19.00% 4,662.90 18.00% 5,544.40 18.00% 7,099.80 19.00% 7,872.80 19.00% 8,946.20 19.00% 6,353.90 16.00%
Rest of the World 2,053.60 10.00% 2,279.80 10.00% 2,463.80 10.00% 2,717.20 11.00% 3,108.60 12.00% 3,696.30 12.00% 4,110.40 11.00% 4,557.90 11.00% 5,179.40 11.00% 4,368.30 11.00%
France 2,464.30 12.00% 2,507.80 11.00% 2,710.20 11.00% 2,470.20 10.00% 2,590.50 10.00% 3,080.20 10.00% 3,737.00 10.00% 4,143.60 10.00% 4,237.70 9.00% 3,176.90 8.00%
Japan 1,642.80 8.00% 1,823.80 8.00% 1,724.70 7.00% 1,729.10 7.00% 1,813.40 7.00% 2,156.20 7.00% 2,615.20 7.00% 2,900.50 7.00% 3,296.00 7.00% 2,779.80 7.00%
Revenue Growth % — — — — — — — — — —
Worldwide 16 19 4 6 16 5 13 10 14.62 -13.1
Asia (Excluding Japan) — — — — — — — — 17.97 -5.08
United States — — — — — — — — 12.55 -15.6
Japan — — — — — — — — 15.73 -18.4
Rest of the World — — — — — — — — 13.89 -20.8
Europe (Excluding France) — — — — — — — — 16.86 -28.1
France — — — — — — — — 5.21 -29.5
Organic Growth — — — — — — — — — —
Worldwide 14 9 8 5 6 6 12 11 10 -16
Asia (Excluding Japan) 27 10 13 -1 -5 5 17 15 14 -4
United States 18 12 9 8 9 7 9 8 6 -13
Japan -1 6 10 8 13 -3 12 15 8 -19
Europe 7 7 2 3 10 7 10 7 11 -28
Foreign Currency Growth — — — — — — — — — —
Worldwide -2 7 -4 -2 — — — — — —
Acquisition/Divestiture & Other Growth — — — — — — — — — —
Worldwide 4 3 0 3 — — — — — —
Sales Change - Currencies % — — — — — — — — — —
Worldwide — — — — 10 -1 4 3 3 -1
Sales Change - Acquisitions & Divestitures % — — — — — — — — — —
Worldwide — — — — 0 0 -3 -4 1 0
Capital Expenditures -1,623.10 -1,452.90 -1,407.00 -1,431.10 -1,420.00 -1,855.50 -1,994.70 -2,688.30 -2,889.90 -2,203.90
Japan -47.7 2.90% -56 4.10% -59.4 4.20% -40.3 2.80% -47.9 3.40% -53.2 2.90% -44.7 2.20% -70.8 2.60% -116.7 4.00% -119.2 5.40%
Rest of the World -64.2 4.00% -69.8 5.10% -95.1 6.80% -85.5 6.00% -90.1 6.30% -174.5 9.40% -133.2 6.70% -167.2 6.20% -217.6 7.50% -195.7 8.90%
United States -139.7 8.60% -229.6 16.60% -202.1 14.40% -205.6 14.40% -244.1 17.20% -402.2 21.70% -344.4 17.30% -676.9 25.20% -397.4 13.80% -298.8 13.60%
Asia (Excluding Japan) -194.4 12.00% -264.5 19.20% -287.9 20.50% -312 21.80% -298.5 21.00% -257.2 13.90% -270.8 13.60% -363.7 13.50% -468.5 16.20% -304.2 13.80%
Europe (Excluding France) -568.5 35.00% -235.3 17.00% -265.8 18.90% -262.8 18.40% -279.7 19.70% -307.2 16.60% -394.4 19.80% -477 17.70% -602.7 20.90% -394.9 17.90%
France -608.5 37.50% -525.7 38.10% -496.7 35.30% -524.9 36.70% -459.8 32.40% -661.1 35.60% -807.2 40.50% -932.7 34.70% -1,087.00 37.60% -891.2 40.40%
Eliminations — -72.2 — — — — — — — —
Number of Locations 3,040.00 100.00% 3,204.00 100.00% 3,384.00 100.00% 3,708.00 100.00% 3,860.00 100.00% 3,948.00 100.00% 4,374.00 100.00% 4,592.00 100.00% 4,915.00 100.00% 5,003.00 100.00%
Asia (Excluding Japan) — 670 20.91% 749 22.13% 870 23.46% — 991 25.10% 1,151.00 26.31% 1,289.00 28.07% 1,453.00 29.56% 1,514.00 30.26%
Europe (Excluding France) 883 29.05% 910 28.40% 926 27.36% 995 26.83% 1,012.00 26.22% 1,061.00 26.87% 1,156.00 26.43% 1,153.00 25.11% 1,177.00 23.95% 1,175.00 23.49%
Unites States 621 20.43% 644 20.10% 669 19.77% 708 19.09% 732 18.96% 703 17.81% 754 17.24% 783 17.05% 829 16.87% 866 17.31%
France 390 12.83% 412 12.86% 443 13.09% 467 12.59% 482 12.49% 492 12.46% 508 11.61% 514 11.19% 535 10.89% 512 10.23%
Rest of the World 165 5.43% 198 6.18% 227 6.71% 256 6.90% 276 7.15% 314 7.95% 393 8.98% 431 9.39% 494 10.05% 508 10.15%
Japan 360 11.84% 370 11.55% 370 10.93% 412 11.11% 407 10.54% 387 9.80% 412 9.42% 422 9.19% 427 8.69% 428 8.55%
Asia (Excluding Japan) 621 20.43% — — — 951 24.64% — — — — —
Number of Employees 97,559.00 100.00% 106,348.00 100.00% 114,635.00 100.00% 121,289.00 100.00% 125,346.00 100.00% — — — — —
Asia (Excluding Japan) — — — — 27,056.00 21.59% — — — — —
Japan 5,192.00 5.32% 5,473.00 5.15% 5,726.00 4.99% 5,850.00 4.82% 5,859.00 4.67% — — — — —
France 20,456.00 20.97% 21,095.00 19.84% 21,728.00 18.95% 22,326.00 18.41% 23,150.00 18.47% — — — — —
Rest of the World 4,808.00 4.93% 5,817.00 5.47% 6,988.00 6.10% 8,310.00 6.85% 9,403.00 7.50% — — — — —
Europe (Excluding France) 23,859.00 24.46% 25,250.00 23.74% 27,710.00 24.17% 28,439.00 23.45% 29,282.00 23.36% — — — — —
United States 22,986.00 23.56% 24,867.00 23.38% 26,341.00 22.98% 29,284.00 24.14% 30,596.00 24.41% — — — — —
Asia (Excluding Japan) 20,258.00 20.76% 23,846.00 22.42% 26,142.00 22.80% 27,080.00 22.33% — — — — — —
Source: Bloomberg