How Much Money Does Ubisoft Make A Year
UBISOFT REPORTS Total - YEAR 2020-21 EARNINGS FIGURES
Record net booking s and non-IFRS operating income
R ising value of Ubisoft'south portfolio and technology assets
Back catalog share of net bookings firmly in a higher place 50% for the 3 rd sequent year
2021-22 targets r eflect ing growth initiatives
Ubisoft FY21 Earnings & Sales
- Full-year net bookings and non-IFRS operating income in line with targets :
| In €m | Reported alter vs. 2019-20 | In % of full net bookings | ||
| 12 months 2020-21 | 12 months 2019-20 | |||
| IFRS 15 sales | 2 , 2 23 . eight | + 3 9 . four % | NA | NA |
| Net bookings | 2 , 24 0 . 6 | + 46 . 1 % | NA | NA |
| Digital internet bookings | 1,609.0 | +2 7 . 6 % | 71.8% | 82.two% |
| PRI net bookings | 780.0 | + 11 . 0 % | 34.8% | 45.8% |
| Back-catalog net bookings | 1,288.iv | + 15 . v % | 57.5% | 72.7% |
| IFRS operating incom e | 289 . 4 | NA | NA | NA |
| Non-IFRS operating income | 473 .3 | NA | 21.1% | 2.two% |
- All time high activity with 141 million unique players on PC and consoles, upwards 20%
- Significant progression of Ubisoft's portfolio value over 12 months :
- Tape performance for the Assassin's Creed ® franchise, with full yearly revenue upwardly 50% vs prior record ready in 2012-thirteen
- Spectacular growth of Merely Dance ®
- Rainbow Six ® : Ane of the industry's pinnacle 10 almost played games in 2020ane. Double-digit role player acquisition growth. Record viewership for Esports regional leagues. Upcoming release of Rainbow Half dozen Quarantine to broaden audition reach
- The Division ® : 40 million unique players. Expansion of the universe with The Division Heartland on consoles and PC also every bit a m obile game
- Robust growth for Brawlhalla ® , Far Cry ® , For Honor ® , Rabbids ® , The Crew ® , Watch Dogs ®
- Solid on-going sales-through trends for Immortals Fenyx Ascension ™, a histrion-favorite new IP
- Significant portfolio expansion to come up: Avatar, B eyond One thousand ood & E vil ™ two, Riders Commonwealth ™, Skull & Bones ™, Star Wars ™
- Rising value of Ubisoft's technology assets :
- Rollout of Ubisoft Connect
- i 3 D .net: a fast-growing hosting leader in the video game space
- 2021-22 targets: Net bookings up single digit. Non-IFRS operating income betwixt 420 & 500 1000€
Paris, May xi , 202 1 – Today, Ubisoft released its earnings figures for fiscal 2020-21, i.e. the twelve months concluded March 31, 2021.
Yves Guillemot, Co-Founder and Chief Executive Officer, said " O ur teams demonstrated incredible resilience during a challenging year , delivering amazing games and experiences . We also relied on a deep and diversified back-catalog which , once more, outperformed our expectations and represented for the third consecutive yr more than 50% of our total internet bookings, progressively cementing the recurring profile of our business . O ur assets take never been then strong .
Alongside these successes, we have pursued the transformation of our organization that we had initiated 18 months ago to ensure Ubisoft is positioned to meaningfully grow audition and recurring revenues over the coming years . Nosotros have also implemented profound changes to ensure the continued development of an inclusive working surround where our talents c an thrive and deliver the game experiences that players will love and share . "
Frédérick Duguet, Chief Fiscal Officer, said " Ubisoft delivered a record twelvemonth at the top and lesser lines thank you to an underlying functioning that was significantly stronger than expected. This reflects the progress achieved in the diversification and recurrence of our revenue s . We can rely on a deep portfolio of owned IPs , from our tentpole franchises , Rainbow Vi, Assassin's Creed, The Division, Far Cry, But Dance , Ghost Recon and Spotter Dogs to fan-favorite brands like For Honor, The Coiffure , Brawlhalla and Mario + Rabbids .
Our FY22 line-up will be the most diversified nosotros take e'er had, with ambitious post-launch plans as well as premium and F2P new releases . Our financial targets reverberate these growth initiatives which are intended to generate meaning value over the long term . "
Yves Guillemot added " We continue to build our portfolio , notably our biggest brands as demonstrated past the recently announced expansion of The Division 'south universe . Nosotros also continue enhanc ing our technolog y assets , in particular our fast growing i3D .net hosting activity as well as Ubisoft Connect . Thanks to these expanding assets and a solid residual sheet, nosotros are in a stiff position to capitalize on the many opportunities offered by the marketplace and are entering an exciting phase of our evolution."
Note
The Group presents indicators which are not prepared strictly in accord with IFRS equally it considers that they are the all-time reflection of its operating and fiscal performance. The definitions of the non-IFRS indicators as well as a reconciliation tabular array betwixt the IFRS consolidated income statement and the non-IFRS consolidated income statement are provided in an appendix to this press release.
Income statement and key financial information
| In € millions | 2020-21 | % | 2019-xx | % | |
| IFRS xv sales | 2 , 223 . 8 | one,594.8 | |||
| Deferred revenues related to IFRS fifteen | sixteen.7 | (threescore.eight) | |||
| Net bookings | 2 , 240 . 6 | 1,534.0 | |||
| Gross margin based on cyberspace bookings | ane , 914 . 8 | 85 . 5% | 1,280.ix | 83.5% | |
| Non-IFRS R&D expenses | -784.9 | - 35 . 0% | (680.9) | -44.iv% | |
| Non-IFRS selling expenses | -438.i | -19 . 6% | (382.ii) | -24.9% | |
| Non-IFRS K&A expenses | -218.iv | -9 . 7% | (183.vi) | -12.0% | |
| Full non-IFRS SG&A expenses | -656.6 | -29 . iii% | (565.eight) | -36.9% | |
| Non-IFRS operating income | 473 . 3 | 21 . 1% | 34.2 | ii.2% | |
| IFRS operating income | 289 . 4 | (59.5) | |||
| Non-IFRS diluted EPS (in €) | 2 . 48 | (0.09) | |||
| IFRS diluted EPS (in €) | 0 . viii v | (i.12) | |||
| Non-IFRS cash flows from operating activities ( one ) | 169 . 0 | (86.4) | |||
| R&D investment expenditure | 1,104.2 | 909.6 | |||
| Non-IFRS net cash/(debt) position | 79 . 2 | (100.half dozen) |
( 1 ) Based on the consolidated greenbacks period statement for comparison with other industry players ( non audited past the Statutory Auditors ).
Sales and cyberspace bookings
IFRS fifteen sales for the quaternary quarter of 2020-21 came to €501.8 million, up iv.three% (or 8.7% at constant substitution ratesii) on the €481.one meg generated in fourth-quarter 2019-20. IFRS xv sales for total-year 2020-21 totaled €ii,223.eight million, up 39.4% (or 42.vii% at constant exchange rates) versus the 2019-20 figure of €ane,594.viii million.
Fourth-quarter 2020-21 internet bookings totaled €484.9 million, up 16.2% (or 21.one% at constant exchange rates) on the €417.iv meg recorded for quaternary-quarter 2019-20.
Net bookings for full-twelvemonth 2020-21 amounted to €two,240.half dozen million, upward 46.i% (or 49.v% at constant substitution rates) on the €one,534.0 million effigy for 2019-xx, in line with the target of between €2,220 million and €ii,280 million.
Main income statement items three
Non-IFRS operating income came in at €473.3 million, versus €34.2 million in 2019-20, in line with the target of between €450 and 500 1000000.
Non-IFRS attributable net income amounted to €313.v million, representing non-IFRS diluted earnings per share (EPS) of €2.48, compared with not-IFRS attributable net loss of €x.2 million and non-IFRS diluted loss per share of €0.09 for 2019-xx.
IFRS attributable net income totaled €103.1 million, representing IFRS diluted EPS of €0.85 (compared with IFRS attributable cyberspace loss of €125,six million and IFRS diluted loss per share of €1.12 for 2019-20).
Main greenbacks menstruum statement 4 items
Non-IFRS cash flows from operating activities represented a net cash inflow of €169.0 million in 2020-21 (versus a internet cash outflow of €86.4 million in 2019-20). Information technology reflects a positive €64.vi million in non-IFRS cash flow from operations (versus a negative €169.9 million in 2019-20) and an €104.5 1000000 decrease in not-IFRS working capital requirement (compared with an €83.iv million decrease in 2019-twenty).
Master remainder sheet items and liquidity
At March 31, 2021, the Group's disinterestedness was €1,656 meg and its non-IFRS net cash was €79 meg versus non-IFRS internet debt of €101 million at end of March 2020. IFRS internet debt totaled €227 1000000 at March 31, 2021, of which €306 meg related to the IFRS16 accounting restatement.
Outlook
Start -quarter 202 1 -2 2
Net bookings for the starting time quarter of 2021-22 are expected to come in at around €320 one thousand thousand.
Full-year 20 2 1 -two ii
The Visitor is introducing its targets for 2021-22:
- Net bookings single-digit growth
- Non-IFRS operating income comprised between 420 M€ and 500 1000€
The top-line growth will be driven by both back-catalog and new releases. Dorsum-itemize growth will exist spurred by its underlying robust dynamic, by a significantly stronger release slate in 2020-21 than in 2019-20 and by bigger post-launch plans, more than compensating for the high comparison 2020-21 base of operations resulting from the lockdown affect on overall appointment. Ubisoft also expects to release a solid and well-diversified line-up, including premium and F2P titles. The yr will notably come across the release of Far Cry 6, Rainbow Half-dozen Quarantine, Riders Republic, The Division Heartland and Roller™ Champions. Skull and Basic will at present be released in 2022-23.
Transformation of the system
Ubisoft connected to evolve its arrangement over the past 18 months to adapt to a fast-irresolute manufacture and to ensure its civilization is stronger than ever. Some of the profound changes notably include:
- Adding expertise and production acumen to its editorial section in society to continue delivering loftier quality standards, strong marketability and differentiation between its games;
- Redesigning processes, 60 minutes organization and bounty policy to ensure strong accountability;
- Appointing a new Main People Officer as well as coopting a new independent Board member, both of whom bring recognized experience in conducting modify within major corporations;
- Appointing new heads of Diversity & Inclusion and Workplace Culture to formalize Ubisoft's values and marshal the organization around them.
Contempo significant events:
Engagement of Anika Grant as Chief People Officeholder : Ubisoft announced the engagement of Anika Grant as its new Chief People Officer and member of Ubisoft's Executive Committee. In this function, Anika oversees all aspects of Ubisoft's people strategy and drives Hour excellence at the company. Anika brings immense international experience leading Hour transformation in major, fast-paced, and client-focused organizations across various sectors.
Shares purchased from March 22 to Apr 9 : Ubisoft Entertainment SA acquired 596,000 shares at an average price of €65.8 for a full amount of €39.2m which can be allocated to the stock-based compensation program or could be cancelled, as per the regulations in force.
New records for Rainbow Half dozen Esport s regional leagues : On March 26th Ubisoft appear its best functioning to date for Tom Clancy's Rainbow Half dozen Esports regional leagues, with record-breaking peak concurrent viewers and average minute audition results in each of its four regional leagues.
Expansion of the Tom Clancy's The Partition ® universe: Ubisoft unveiled its plans for the expansion of the franchise, notably including:
- The upcoming launch of The Segmentation Heartland in fiscal 2021-22, a PC & consoles gratuitous-to-play game currently nether development at Crimson Storm;
- The development of a game on mobile that will exist released beyond financial 2021-22;
- Make-new content as part of The Division 2 update coming late calendar 2021;
- The previously announced moving-picture show directed past Rawson Marshall Thurber and in development with Netflix, starring Jessica Chastain and Jake Gyllenhaal.
Briefing telephone call
Ubisoft will concur a conference call today, Tuesday May 11, 2021, at half-dozen:15 p.thou. Paris time/12:xv p.m. New York time.
The conference call can be accessed live and via replay by clicking on the following link:
https://edge.media-server.com/mmc/p/a6fvyu29
Contact southward
| Investor Relations Jean-Benoît Roquette SVP Investor Relations + 33 one 48 18 52 39 Jean-benoit.roquette@ubisoft.com | Printing Relations Michael Burk Senior Director of Corporate Public Relations + 33 ane 48 18 24 03 Michael.burk@ubisoft.com |
Alexandre Enjalbert Alexandre.enjalbert@ubisoft.com |
Disclaimer
This press release may incorporate estimated financial information, data on future projects and transactions and futurity fiscal results/performance. Such forward-looking data are provided for information purposes but. They are subject to market risks and uncertainties and may vary significantly compared with the actual results that volition be published. The estimated financial data have been approved by the Supervisory Lath on May 11, 2021, and accept non been audited by the Statutory Auditors. (Additional information is provided in the nigh recent Ubisoft Registration Document filed on June five, 2020 with the French Financial Markets Authority (l'Autorité des Marchés Financiers)).
About Ubisoft
Ubisoft is a leading creator, publisher and benefactor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Far Cry, For Award, Merely Dance, Spotter Dogs, and Tom Clancy'south video game series including Ghost Recon®, Rainbow Vi and The Partition. The teams throughout Ubisoft's worldwide network of studios and business offices are committed to delivering original and memorable gaming experiences across all popular platforms, including consoles, mobile phones, tablets and PCs. For the 2020-21 financial yr, Ubisoft generated internet bookings of €2,241 meg. To acquire more, please visit: world wide web.ubisoftgroup.com.
© 202 i Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are registered trademarks in the U.s. and/or other countries.
APPENDICES
Definition of non-IFRS financial indicators
Net bookings corresponds to the sales excluding the services component and integrating the unconditional amounts related to license contracts recognized independently of the performance obligation realization.
Player Recurring Investment (PRI) corresponds to sales of digital items, DLC, flavor passes, subscriptions and advertising.
Non-IFRS operating income calculated based on net bookings corresponds to operating income less the following items:
- Stock-based compensation expense arising on free share plans, group savings plans and/or stock options.
- Depreciation of caused intangible assets with indefinite useful lives.
- Non-operating income and expenses resulting from restructuring operations inside the Group.
Not-IFRS operating margin corresponds to non-IFRS operating income expressed equally a percentage of net bookings. This ratio is an indicator of the Grouping's fiscal functioning.
Non-IFRS cyberspace income corresponds to cyberspace income less the following items:
- The to a higher place-described deductions used to calculate non-IFRS operating income.
- Income and expenses arising on revaluations, carried out after the measurement period, of the potential variable consideration granted in relation to business organisation combinations.
- OCEANE bonds' interest expense recognized in accordance with IFRS9.
- The tax impacts on these adjustments.
Non-IFRS owing net income corresponds to non-IFRS net income attributable to owners of the parent.
Non-IFRS diluted EPS corresponds to non-IFRS attributable net income divided by the weighted average number of shares after exercise of the rights attached to dilutive instruments.
The adjusted greenbacks flow argument includes:
- Non-IFRS cash menses from operations which comprises:
- The costs of internally adult software and external developments (presented nether greenbacks flows from investing activities in the IFRS cash flow statement) as these costs are an integral part of the Group'south operations.
- The restatement of impacts (after tax) related to the awarding of IFRS 15.
- The restatement of commitments related to leases due to the awarding of IFRS sixteen.
- Current and deferred taxes.
- Non-IFRS alter in working capital requirement which includes movements in deferred taxes and restates the impacts (after tax) related to the awarding of IFRS 15, thus cancelling out the income or expenses presented in non-IFRS cash flow from operations.
- Non-IFRS cash flows from operating activities which includes:
- the costs of internal and external licenses development (presented nether cash flows from investing activities in the IFRS greenbacks period statement and included in non-IFRS cash flow from operations in the adjusted cash period statement);
- the restatement of lease commitments relating to the application of IFRS sixteen presented under IFRS in greenbacks catamenia from financing activities.
- Non-IFRS greenbacks flows from investing activities which excludes the costs of internal and external licenses development that are presented nether not-IFRS cash menstruum from operations.
Gratuitous greenbacks flow corresponds to greenbacks flows from not-IFRS operating activities after greenbacks inflows/outflows arising on the disposal/acquisition of other intangible avails and holding, found and equipment.
Gratuitous cash flow before working majuscule requirement corresponds to cash catamenia from operations later on cash inflows/outflows arising on (i) the disposal/acquisition of other intangible assets and property, constitute and equipment and (ii) commitments related to leases recognized on the application of IFRS sixteen.
Cash menstruation from not-IFRS financing activities, which excludes charter commitments relating to the application of IFRS16 presented in non-IFRS cash flow from operation.
IFRS net cash/(debt) position corresponds to cash and greenbacks equivalents and cash management fiscal assets less financial liabilities excluding derivatives.
Non-IFRS net cash/(debt) position corresponds to the cyberspace cash/(debt) position as adjusted for commitments related to leases (IFRS 16).
Breakdown of net bookings by geographic region
| Q 4 2020-21 | Q iv 2019-20 | 12 months 2020-21 | 12 months 2019-20 | |
| Europe | 36% | 31% | 36% | 33% |
| Northern America | 48% | 49% | 49% | 49% |
| Balance of the world | 16% | xx% | 15% | eighteen% |
| Total | 100% | 100% | 100% | 100% |
Breakdown of net bookings by platform
| Q 4 2020-21 | Q 4 2019-20 | 12 months 2020-21 | 12 months 2019-20 | |
| PLAYSTATION®4 & PLAYSTATION®v* | 27% | 26% | 33% | thirty% |
| XBOX One™ & XBOX Series 10/S™* | 23% | fourteen% | 21% | 16% |
| PC | 21% | thirty% | 23% | 28% |
| NINTENDO SWITCH™ | xiii% | 10% | 11% | 9% |
| MOBILE | 9% | 16% | 8% | 11% |
| Others** | vii% | 4% | 4% | 6% |
| TOTAL | 100% | 100% | 100% | 100% |
* Backwards compatibility allows users of ne due west -generation consoles to keep playing games previously purchased on the older generation of consoles.
**Ancillaries, etc.
Championship release schedule
one st quarter ( April - June 202 1 )
| DIGITAL Merely | ||
ANNO® 1800: Tourist Season | PC | |
| ASSASSIN'Southward CREED® VALHALLA: Wrath of the Druids | AMAZON LUNA, PC, | |
FOR Honour®: Year 5 – Season two | AMAZON LUNA, PC, PLAYSTATION®4, | |
IMMORTALS FENYX Rise™: The Lost Gods | AMAZON LUNA, NINTENDO SWITCH™, PC, | |
| TOM CLANCY'S RAINBOW 6®: Siege Year 6 – Season ii | AMAZON LUNA, PC, | |
TOM CLANCY'S THE DIVISION® 2: Flavour vi | AMAZON LUNA, PC, PLAYSTATION®4, | |
UNO®: 50th Anniversary | NINTENDO SWITCH™, PC, | |
WATCH DOGS®: LEGION – Bloodline | AMAZON LUNA, PC, | |
Sentinel DOGS®: LEGION – Update ane & ii | AMAZON LUNA, PC, | |
EXTRACTS FROM THE CONSOLIDATED Financial STATEMENTS AT
MARCH 31, 2021
Consolidated income statement (IFRS, excerpt from the accounts which accept undergone an audit by Statutory Auditors).
| In € millions | 03.31.2021 | 03.31.2020 | ||
| IFRS 15 Sales | two , 223.viii | 1 , 594.8 | ||
| Cost of sales | (325.7) | (253.i) | ||
| Gross Margin | ane , 898.1 | ane , 341.8 | ||
| Research and Development costs | (827.1) | (720.8) | ||
| Marketing costs | (442.eight) | (386.6) | ||
| General and Administrative costs | (228.4) | (193.0) | ||
| Current operating income | 399.8 | 41.iii | ||
| Other non-electric current operating income & expense | (110.4) | (100.8) | ||
| Operating income | 289.4 | (59.five) | ||
| Net borrowing costs | (17.4) | (xiii.9) | ||
| Internet foreign exchange gains/losses | (8.2) | (iii.8) | ||
| Other financial income | 1.0 | 0.1 | ||
| Other fiscal expenses | (27.0) | (ane.5) | ||
| Net financial income | (51.6) | (xix.ane) | ||
| Income tax | (132.6) | (45.vii) | ||
| Consolidated internet income | 105.2 | (124.2) | ||
| Net income owing to owners of the parent company | 103.1 | (125.6) | ||
| Net income attributable to non-controlling interests | 2.1 | 1.iv | ||
| Earnings per share owing to parent company | ||||
| Basic earnings per share (in €) | 0.87 | (i.12) | ||
| Diluted earnings per share (in €) | 0.85 | (i.12) | ||
| Weighted average number of shares in result | 118 980 402 | 112 050 132 | ||
| Diluted weighted boilerplate number of shares | 126 286 728 | 112 050 132 | ||
Reconciliation of IFRS Net income and non-IFRS Net income
| In millions of euros, except for per share data | 2020-21 | 2019-xx | ||||
| IFRS | Adjustment | Non-IFRS | IFRS | Adjustment | Non-IFRS | |
| IFRS15 Sales | 2 , 223.eight | 2 , 223.eight | 1 , 594.eight | 1 , 594.8 | ||
| Deferred services/other differences between the 2 standards | 16.7 | 16.vii | (60.8) | (60.eight) | ||
| Net bookings | 2 , 240.6 | i , 534.0 | ||||
| Total Operating expenses | (1 , 934.5) | 167.2 | (1 , 767.2) | (1 , 654.3) | 154.6 | (1 , 499.7) |
| Stock-based compensation | (56.8) | 56.8 | 0.0 | (53.8) | 53.viii | 0.0 |
| Not-electric current operating income & expense | (110.iv) | 110.four | 0.0 | (100.8) | 100.8 | 0.0 |
| Operating Income | 289.4 | 184.0 | 473.three | (59.5) | 93.seven | 34.2 |
| Net Financial income | (51.half-dozen) | 32.4 | (19.ii) | (19.one) | 8.two | (x.9) |
| Income tax | (132.6) | (5.nine) | (138.6) | (45.seven) | xiii.5 | (32.2) |
| Consolidated Cyberspace Income | 105.2 | 210.4 | 315.6 | (124 . 2) | 115 . v | (8 . 8) |
| Net income attributable to owners of the parent company | 103.1 | 313.5 | (125.half-dozen) | (ten.2) | ||
| Internet income owing to non-controlling interests | two.1 | 2.1 | 1.4 | 1.four | ||
| Diluted weighted average number of shares | 126 286 728 | 126 286 728 | 112 050 132 | 112 050 132 | ||
| Diluted earnings per share | 0.85 | one.64 | ii.48 | (i.12) | one.03 | (0.09) |
Consolidated residual sheet (IFRS, extract from the accounts which have undergone an audit by Statutory Auditors)
| Assets | Cyberspace | Cyberspace |
| In € millions | 31.03.2021 | 31.03.2020 |
| Goodwill | 220.7 | 334.6 |
| Other intangible assets | 1,453.2 | 1,115.3 |
| Property, establish and equipment | 199.8 | 174.4 |
| Correct of utilize avails | 282.1 | 229.9 |
| Investments in assembly | 0.0 | 0.0 |
| Not-current financial avails | sixteen.ane | thirteen.seven |
| Deferred tax avails | 173.ane | 169.3 |
| Non-current avails | 2 , 345.0 | 2 , 037.2 |
| Inventory | 23.1 | 12.4 |
| Merchandise receivables | 342.vii | 307.one |
| Other receivables | 260.6 | 127.5 |
| Other current financial assets | 0.0 | 0.5 |
| Current taxation assets | 45.vii | 41.0 |
| Greenbacks direction financial assets* | 239.ix | 0.0 |
| Greenbacks and cash equivalents | ane,627.7 | i,079.2 |
| Current avails | 2 , 539.8 | one , 567.6 |
| Total assets | four , 884.eight | 3 , 604.8 |
| LIABILITIES AND Equity | Cyberspace | Cyberspace |
| In € millions | 31.03.2021 | 31.03.2020 |
| Capital | nine.vi | 9.iv |
| Premiums | 556.0 | 475.4 |
| Consolidated reserves | 987.ane | 955.4 |
| Consolidated earnings | 103.1 | (125.six) |
| Equity attributable to owners of the parent visitor | 1 , 655.vii | ane , 314.six |
| Non-controlling interests | 9.three | 7.two |
| Total equity | one , 665.0 | i , 3 21 . 7 |
| Provisions | 5.0 | three.1 |
| Employee benefit | 21.6 | 15.8 |
| Long-term borrowings and other financial liabilities | 1894.9 | 1176.2 |
| Deferred tax liabilities | 158.5 | 109.five |
| Other non-current liabilities | 34.4 | 59.6 |
| Not-electric current liabilities | 2 , 114.three | 1 , 364.2 |
| Short-term borrowings and other financial liabilities | 200.0 | 246.9 |
| Merchandise payables | 152.0 | 139.ii |
| Other liabilities | 737.viii | 517.7 |
| Electric current tax liabilities | 15.8 | 15.1 |
| Electric current liabilities | ane , 105.5 | 918.9 |
| Total liabilities | 3 , 219.8 | two , 283.1 |
| Total liabilities and equity | 4 , 884.viii | iii , 604.8 |
*Shares of UCITS invested in short-term maturity securities, which do non meet the criteria for qualification equally greenbacks equivalents defined by IAS vii.
Consolidated greenbacks flow statement for comparing with other industry players
(non-audited)
| In € millions | 03.31.2021 | 03.31.2020 |
| Non-IFRS Cash flows from operating activities | ||
| Consolidated earnings | 105.two | (124.2) |
| +/- Internet Depreciation on internal & external games & movies | 433.4 | 422.5 |
| +/- Other depreciation on fixed avails | 225.3 | 196.ix |
| +/- Net Provisions | (16.ane) | 2.3 |
| +/- Cost of share-based compensation | 56.8 | 53.8 |
| +/- Gains / losses on disposals | 0.9 | 0.7 |
| +/- Other income and expenses calculated | 32.vi | ten.vii |
| +/- Cost of internal development and license evolution | (753.two) | (651.ii) |
| +/- IFRS xv Impact | 15.4 | (45.vi) |
| +/- IFRS 16 Bear upon | (35.7) | (35.vi) |
| NON-IFRS CASH Flow FROM OPERATION | 64.6 | (169.9) |
| Inventory | 10.9 | 20.two |
| Trade receivables | (45.seven) | 182.9 |
| Other avails | (126.vii) | 25.0 |
| Trade payables | one.2 | (49.2) |
| Other liabilities | 264.eight | (95.iv) |
| +/- Non-IFRS Change in working capital | 104.5 | 83.four |
| Non-IFRS CASH FLOW GENERATED BY OPERATING ACTIVITIES | 169.0 | (86.four) |
| Cash flows from investing activities | ||
| - Payments for the acquisition of intangible assets and property, plant and equipment | (96.8) | (104.nine) |
| + Proceeds from the disposal of intangible assets and property, plant and equipment | 0.one | 0.2 |
| Free Cash-Menstruum | 72.iii | (191.1) |
| +/- Payments for the conquering of financial avails | (200.four) | (216.7) |
| + Refund of loans and other financial assets | 198.i | 211.v |
| +/- Changes in telescopic (1) | (16.0) | (143.seven) |
| Non-IFRS CASH GENERATED Past INVESTING ACTIVITIES | (114.9) | (253.vii) |
| Cash flows from financing activities | ||
| + New borrowings | ane,139.half-dozen | 935.2 |
| - Refund of borrowings | (506.8) | (584.9) |
| + Funds received from shareholders in capital increases | 80.7 | 81.v |
| +/- Greenbacks management financial assets | (239.9) | 0.0 |
| +/- Sales / purchases of own shares | 25.eight | 35.3 |
| Greenbacks GENERATED BY FINANCING ACTIVITIES | 499.5 | 467.1 |
| Internet change in cash and cash equivalents | 553.6 | 127.0 |
| Cash and greenbacks equivalents at the first of the fiscal year | 986.9 | 878.6 |
| Foreign exchange losses/gains | 24.seven | (eighteen.vii) |
| Cash and cash equivalents at the stop of the flow | 1 , 565.two | 986.9 |
| (one) Including cash in companies acquired and disposed of | 0.0 | 20.two |
| RECONCILIATION OF NON-IFRS NET Cash POSTION | ||
| Cash and greenbacks equivalents at the finish of the period | 1 , 565.2 | 986.ix |
| Bank borrowings and from the restatement of leases | (one,938.8) | (one,220.half-dozen) |
| Commercial papers | (93.five) | (110.0) |
| IFRS 16 | 306.4 | 243.0 |
| Greenbacks direction financial avails | 239.nine | 0.0 |
| NON-IFRS NET Greenbacks POSITION | 79.ii | (100.6) |
Consolidated cash flow statement (IFRS, extract from the accounts which take undergone an inspect Statutory Auditors)
| In € millions | 03.31.2021 | 03.31.2020 |
| Cash flows from operating activities | ||
| Consolidated earnings | 105.2 | (124.ii) |
| +/- Net amortization and depreciation on holding, establish and equipment and intangible assets | 658.seven | 619.4 |
| +/- Cyberspace Provisions | (16.1) | ii.3 |
| +/- Cost of share-based compensation | 56.8 | 53.8 |
| +/- Gains / losses on disposals | 0.nine | 0.7 |
| +/- Other income and expenses calculated | 32.6 | 10.7 |
| +/- Income Taxation Expense | 132.6 | 45.7 |
| Full Greenbacks Flow FROM OPERATING ACTIVITIES | 970.vii | 608.ii |
| Inventory | 10.9 | twenty.2 |
| Trade receivables | (45.seven) | 182.9 |
| Other assets | (131.4) | 58.2 |
| Trade payables | 1.2 | (49.2) |
| Other liabilities | 316.viii | (51.viii) |
| Deferred income and prepaid expenses | (81.1) | (96.5) |
| +/- Change in working upper-case letter | 70.6 | 63.7 |
| +/- Current Income tax expense | (83.4) | (71.vi) |
| Full CASH Menses GENERATED BY OPERATING ACTIVITIES | 95 eight . 0 | 600.4 |
| Cash flows from investing activities | ||
| - Payments for the conquering of internal & external developments | (753.ii) | (651.2) |
| - Payments for the acquisition of intangible assets and property, constitute and equipment | (96.8) | (104.9) |
| + Proceeds from the disposal of intangible assets and property, plant and equipment | 0.i | 0.2 |
| +/- Payments for the acquisition of fiscal assets | (200.4) | (215.7) |
| + Refund of loans and other fiscal assets | 198.one | 210.5 |
| +/- Changes in scope (1) | (xvi.0) | (143.7) |
| Greenbacks GENERATED BY INVESTING ACTIVITIES | (868.2) | (904.9) |
| Cash flows from financing activities | ||
| + New borrowings | 1,139.six | 935.2 |
| - Refund of leases | (35.vii) | (35.half dozen) |
| - Refund of borrowings | (506.viii) | (584.9) |
| + Funds received from shareholders in capital increases | 80.seven | 81.five |
| +/- Cash management fiscal assets | (239.9) | 0.0 |
| +/- Sales / purchases of own shares | 25.eight | 35.3 |
| CASH GENERATED BY FINANCING ACTIVITIES | 463.viii | 431.5 |
| Net change in cash and greenbacks equivalents | 553.6 | 127.0 |
| Cash and cash equivalents at the commencement of the financial year | 986.nine | 878.6 |
| Foreign commutation losses/gains | 24.7 | (18.7) |
| Cash and cash equivalents at the stop of the flow | ane , 565.2 | 986.9 |
| (one) Including cash in companies acquired and disposed of | 0.0 | 20.ii |
| RECONCILIATION OF NET Cash POSTION | ||
| Cash and cash equivalents at the terminate of the period | ane , 565.two | 986.9 |
| Depository financial institution borrowings and from the restatement of leases | (ane,938.8) | (1,220.6) |
| Commercial papers | (93.5) | (110.0) |
| Cash management financial assets | 239.9 | 0 |
| IFRS Internet Greenbacks POSITION | (227.ii) | (343.six) |
1 Consoles premium and free-to-play scope. Internal estimates.
2 Sales at constant exchange rates are calculated by applying to the information for the period under review the average exchange rates used for the same period of the previous fiscal year.
3 Run across the presentation published on Ubisoft'southward website for further information on movements in the income and cash flow statement.
iv Based on the consolidated cash flow statement for comparison with other industry players (non-audited)
- Ubisoft FY21 Earnings & Sales
Source: https://www.globenewswire.com/news-release/2021/05/11/2227490/0/en/UBISOFT-REPORTS-FULL-YEAR-2020-21-EARNINGS-FIGURES.html
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