AGRO FY 2021 Earnings Report — Adecoagro S.A. Revenue & Financial Results | Market Cap Arena

Adecoagro S.A.AGRO

FY 2021 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.1B	—	—	—	—
Op. Income	$278M	—	—	—	—
Gross Margin	43.1%	—	—	—	—
Net Margin	11.6%	—	—	—	—
EPS (Diluted)	$0.23	—	—	—	—
Free Cash Flow	$136M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$640M
GROSS PROFIT	$484M
R&D Expenses	$0
Selling & Marketing	$118M
General & Administrative	$70M
SG&A Expenses	$187M
Other Expenses	$19M
Operating Expenses	$206M
Cost & Expenses	$846M
OPERATING INCOME	$278M
Interest Income	$4M
Interest Expense	$83M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$175M
Income Tax Expense	$44M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$187M
EBIT	$267M
EBITDA	$453M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$640M
GROSS PROFIT	$484M
R&D Expenses	$0
Selling & Marketing	$118M
General & Administrative	$70M
SG&A Expenses	$187M
Other Expenses	$19M
Operating Expenses	$206M
Cost & Expenses	$846M
OPERATING INCOME	$278M
Interest Income	$4M
Interest Expense	$83M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$175M
Income Tax Expense	$44M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$187M
EBIT	$267M
EBITDA	$453M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$131M
Depreciation & Amortization	$218M
Stock-Based Compensation	$6M
Deferred Income Tax	$44M
Other Non-Cash Items	$111M
Change in Working Capital	-$162M
OPERATING CASH FLOW	$349M
Capital Expenditure	-$213M
Acquisitions (Net)	$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	-$185M
Common Stock Repurchased	-$66M
Common Dividends Paid	$0
Other Financing Activities	-$52M
NET CASH FROM FINANCING	-$303M
FREE CASH FLOW	$136M
Net Change in Cash	-$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$0
Net Receivables	$117M
Inventory	$434M
Other Current Assets	$836.0K
TOTAL CURRENT ASSETS	$762M
PP&E (Net)	$1.7B
Goodwill	$17M
Intangible Assets	$15M
Long-Term Investments	$48M
Tax Assets	$10M
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.6B
Account Payables	$152M
Short-Term Debt	$157M
Deferred Revenue	$9M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$357M
Long-Term Debt	$705M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$266M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$184M
Additional Paid-In Capital	$851M
Retained Earnings	$116M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$36M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.1B
Net Debt	$865M