ARCO FY 2017 Earnings Report — Arcos Dorados Holdings Inc. Revenue & Financial Results | Market Cap Arena

Arcos Dorados Holdings Inc.ARCO

FY 2017 Earnings

Reported April 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.3B	—	$2.9B	—	13.3%
Op. Income	$273M	—	$179M	—	52.8%
Gross Margin	13.5%	—	12.2%	—	1.3pp
Net Margin	3.9%	—	2.7%	—	1.2pp
EPS (Diluted)	$0.59	—	$0.36	—	63.9%
Free Cash Flow	$80M	—	$72M	—	11.8%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.9B
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$245M
SG&A Expenses	$245M
Other Expenses	-$435.0K
Operating Expenses	$176M
Cost & Expenses	$3.0B
OPERATING INCOME	$273M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$183M
Income Tax Expense	$53M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$99M
EBIT	$251M
EBITDA	$351M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.9B
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$245M
SG&A Expenses	$245M
Other Expenses	-$435.0K
Operating Expenses	$176M
Cost & Expenses	$3.0B
OPERATING INCOME	$273M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$183M
Income Tax Expense	$53M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$99M
EBIT	$251M
EBITDA	$351M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$99M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	-$44M
Change in Working Capital	$65M
OPERATING CASH FLOW	$255M
Capital Expenditure	-$175M
Acquisitions (Net)	$10M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$62M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$124M
Net Debt Issuance	$47M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$50M
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$80M
Net Change in Cash	$114M

Balance Sheet

Item	Amount
Cash & Equivalents	$308M
Short-Term Investments	$20M
Net Receivables	$148M
Inventory	$83M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$653M
PP&E (Net)	$901M
Goodwill	$7M
Intangible Assets	$41M
Long-Term Investments	$110M
Tax Assets	$74M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.8B
Account Payables	$303M
Short-Term Debt	$4M
Deferred Revenue	$275M
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$606M
Long-Term Debt	$629M
Deferred Revenue NC	$48M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$702M
TOTAL LIABILITIES	$1.3B
Common Stock	$510M
Additional Paid-In Capital	$14M
Retained Earnings	$401M
Treasury Stock	$0
Accum. Other Comp. Income	-$429M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$496M
Minority Interest	$492.0K
TOTAL EQUITY	$496M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$634M
Net Debt	$325M