ARCO FY 2008 Earnings Report — Arcos Dorados Holdings Inc. Revenue & Financial Results | Market Cap Arena

Arcos Dorados Holdings Inc.ARCO

FY 2008 Earnings

Reported December 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.0B	—	32.1%
Op. Income	$222M	—	$122M	—	81.5%
Gross Margin	14.8%	—	14.9%	—	-0.2pp
Net Margin	4.0%	—	0.3%	—	3.6pp
EPS (Diluted)	$0.97	—	$0.06	—	1552.9%
Free Cash Flow	$49M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$385M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$137M
Other Expenses	$26M
Operating Expenses	$163M
Cost & Expenses	-$2.4B
OPERATING INCOME	$222M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$116M
Income Tax Expense	$12M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$103M
BOTTOM LINE NET INCOME	$206M
D&A	$49M
EBIT	$143M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$385M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$137M
Other Expenses	$26M
Operating Expenses	$163M
Cost & Expenses	-$2.4B
OPERATING INCOME	$222M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$116M
Income Tax Expense	$12M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$103M
BOTTOM LINE NET INCOME	$206M
D&A	$49M
EBIT	$143M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$103M
Depreciation & Amortization	$49M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$20M
Change in Working Capital	$26M
OPERATING CASH FLOW	$198M
Capital Expenditure	-$149M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	$14M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$15M
FREE CASH FLOW	$49M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$274M
TOTAL CURRENT ASSETS	$380M
PP&E (Net)	$710M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$214M
TOTAL NON-CURRENT ASSETS	$923M
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$373M
TOTAL CURRENT LIABILITIES	$388M
Long-Term Debt	$352M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$475M
TOTAL LIABILITIES	$863M
Common Stock	$378M
Additional Paid-In Capital	-$2M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$66M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$441M
Minority Interest	$0
TOTAL EQUITY	$441M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$367M
Net Debt	$261M