WHC 1.39% $7.80 whitehaven coal limited

Ann: March 2022 Quarterly Report, page-23

  1. 1,488 Posts.
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    Good analysis, the high level numbers put in plain sight the cash generation.

    From Half Yearly (31 Dec);
    - Net Debt $403M
    - Cash on hand $107M

    From March Quarterly (31 Mar)
    - Net cash $161M
    - Dividend $80M
    - Buyback $67M

    Literally $710M in free cash flow in the quarter, at an average price of ~US$230/t. Within the quarterly they state there is further upside in pricing in June quarter as contracts lag spot price.

    The full year result will announce a divvy of 40-70c depending on price achieved. The cash generation in June quarter could be 15% higher, this would mean cash generation of >$835M or $3.34B annualised.

    Huge is the only suitable word I have.

 
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