BAK FY 2005 Earnings Report — Braskem S.A. Revenue & Financial Results | Market Cap Arena

Braskem S.A.BAK

FY 2005 Earnings

Reported December 30, 2005

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2005	Prior Q	FY 2004	QoQ Change	YoY Change
Revenue	$2.6B	—	—	—	—
Op. Income	$156M	—	—	—	—
Gross Margin	20.8%	—	—	—	—
Net Margin	4.8%	—	—	—	—
EPS (Diluted)	$0.70	—	—	—	—
Free Cash Flow	$189M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$546M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$232M
Operating Expenses	$390M
Cost & Expenses	$2.5B
OPERATING INCOME	$156M
Interest Income	$28M
Interest Expense	$124M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$151M
Income Tax Expense	$36M
Net Income from Continuing Ops	$115M
Net Income from Discontinued Ops	$0
Other Adjustments	-$86.4K
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$200M
EBIT	$156M
EBITDA	$356M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$546M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	$232M
Operating Expenses	$390M
Cost & Expenses	$2.5B
OPERATING INCOME	$156M
Interest Income	$28M
Interest Expense	$124M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$151M
Income Tax Expense	$36M
Net Income from Continuing Ops	$115M
Net Income from Discontinued Ops	$0
Other Adjustments	-$86.4K
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$200M
EBIT	$156M
EBITDA	$356M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$200M
Stock-Based Compensation	$0
Deferred Income Tax	$6M
Other Non-Cash Items	-$52M
Change in Working Capital	$66M
OPERATING CASH FLOW	$346M
Capital Expenditure	-$157M
Acquisitions (Net)	$0
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	-$47M
NET CASH FROM INVESTING	-$211M
Net Debt Issuance	-$77M
Common Stock Repurchased	$0
Common Dividends Paid	-$42M
Other Financing Activities	-$131M
NET CASH FROM FINANCING	-$66M
FREE CASH FLOW	$189M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$430M
Short-Term Investments	$29M
Net Receivables	$378M
Inventory	$316M
Other Current Assets	$484.7K
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.2B
Goodwill	$457M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$59M
Other Non-Current Assets	$251M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.1B
Account Payables	$519M
Short-Term Debt	$182M
Deferred Revenue	$0
Other Current Liabilities	$193M
TOTAL CURRENT LIABILITIES	$895M
Long-Term Debt	$897M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$407M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.2B
Common Stock	$0
Additional Paid-In Capital	$765M
Retained Earnings	-$20M
Treasury Stock	-$3M
Accum. Other Comp. Income	$171M
Other Equity	$568.7K
TOTAL STOCKHOLDERS' EQUITY	$913M
Minority Interest	$24M
TOTAL EQUITY	$938M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.1B
Net Debt	$649M