BAK FY 2007 Earnings Report — Braskem S.A. Revenue & Financial Results | Market Cap Arena

Braskem S.A.BAK

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.6B	—	$2.6B	—	36.4%
Op. Income	$333M	—	$211M	—	57.7%
Gross Margin	18.3%	—	16.9%	—	1.4pp
Net Margin	3.1%	—	0.8%	—	2.3pp
EPS (Diluted)	$0.58	—	$0.11	—	414.3%
Free Cash Flow	$205M	—	-$110M	—	286.6%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.9B
GROSS PROFIT	$652M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$249M
Other Expenses	$70M
Operating Expenses	$320M
Cost & Expenses	$3.2B
OPERATING INCOME	$333M
Interest Income	$27M
Interest Expense	$95M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$239M
Income Tax Expense	$76M
Net Income from Continuing Ops	$178M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$264M
EBIT	$338M
EBITDA	$591M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.9B
GROSS PROFIT	$652M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$249M
Other Expenses	$70M
Operating Expenses	$320M
Cost & Expenses	$3.2B
OPERATING INCOME	$333M
Interest Income	$27M
Interest Expense	$95M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$239M
Income Tax Expense	$76M
Net Income from Continuing Ops	$178M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$264M
EBIT	$338M
EBITDA	$591M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$110M
Depreciation & Amortization	$264M
Stock-Based Compensation	$0
Deferred Income Tax	$21M
Other Non-Cash Items	-$148M
Change in Working Capital	$190M
OPERATING CASH FLOW	$482M
Capital Expenditure	-$277M
Acquisitions (Net)	$0
Purchases of Investments	-$271M
Sales/Maturities of Investments	$0
Other Investing Activities	-$173M
NET CASH FROM INVESTING	-$721M
Net Debt Issuance	$232M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$9M
Other Financing Activities	$94M
NET CASH FROM FINANCING	$307M
FREE CASH FLOW	$205M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$381M
Short-Term Investments	$78M
Net Receivables	$387M
Inventory	$456M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.7B
Goodwill	$484M
Intangible Assets	$35M
Long-Term Investments	$0
Tax Assets	$80M
Other Non-Current Assets	$588M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.2B
Account Payables	$2.0K
Short-Term Debt	$238M
Deferred Revenue	$0
Other Current Liabilities	$846M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$271M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.9B
Common Stock	$935M
Additional Paid-In Capital	$92M
Retained Earnings	-$20M
Treasury Stock	-$52M
Accum. Other Comp. Income	$204M
Other Equity	$16M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$120M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$1.7B
Net Debt	$1.3B