BAK FY 2006 Earnings Report — Braskem S.A. Revenue & Financial Results | Market Cap Arena

Braskem S.A.BAK

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.6B	—	-0.8%
Op. Income	$211M	—	$156M	—	35.4%
Gross Margin	16.9%	—	20.8%	—	-3.8pp
Net Margin	0.8%	—	4.8%	—	-4.0pp
EPS (Diluted)	$0.11	—	$0.70	—	-83.8%
Free Cash Flow	-$110M	—	$189M	—	-158.2%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$442M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$40M
Operating Expenses	$231M
Cost & Expenses	$2.4B
OPERATING INCOME	$211M
Interest Income	$28M
Interest Expense	$58M
Other Income/Expenses	-$193M
INCOME BEFORE TAX	$18M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	-$59.2K
Other Adjustments	$321.4K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$205M
EBIT	$211M
EBITDA	$416M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$442M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$40M
Operating Expenses	$231M
Cost & Expenses	$2.4B
OPERATING INCOME	$211M
Interest Income	$28M
Interest Expense	$58M
Other Income/Expenses	-$193M
INCOME BEFORE TAX	$18M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	-$59.2K
Other Adjustments	$321.4K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$205M
EBIT	$211M
EBITDA	$416M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$205M
Stock-Based Compensation	$0
Deferred Income Tax	-$20M
Other Non-Cash Items	-$430
Change in Working Capital	-$100M
OPERATING CASH FLOW	$81M
Capital Expenditure	-$192M
Acquisitions (Net)	$0
Purchases of Investments	-$45M
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$244M
Net Debt Issuance	$89M
Common Stock Repurchased	-$39M
Common Dividends Paid	-$69M
Other Financing Activities	$61M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	-$110M
Net Change in Cash	-$118M

Balance Sheet

Item	Amount
Cash & Equivalents	$311M
Short-Term Investments	$83M
Net Receivables	$413M
Inventory	$355M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.3B
Goodwill	$308M
Intangible Assets	$26M
Long-Term Investments	$0
Tax Assets	$76M
Other Non-Current Assets	$327M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.3B
Account Payables	$607M
Short-Term Debt	$364M
Deferred Revenue	$0
Other Current Liabilities	$135M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$988M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$307M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$705M
Retained Earnings	-$5M
Treasury Stock	-$51M
Accum. Other Comp. Income	$218M
Other Equity	$121M
TOTAL STOCKHOLDERS' EQUITY	$867M
Minority Interest	$4M
TOTAL EQUITY	$871M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.4B
Net Debt	$1.0B