BAK Q2 2021 Earnings Report — Braskem S.A. Revenue & Financial Results | Market Cap Arena

Braskem S.A.BAK

Q2 2021 Earnings

Reported June 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$5.3B	—	$2.3B	—	136.2%
Op. Income	$1.8B	—	-$201M	—	974.0%
Gross Margin	37.1%	—	13.7%	—	23.4pp
Net Margin	28.1%	—	-22.1%	—	50.2pp
EPS (Diluted)	$3.76	—	$-1.25	—	400.0%
Free Cash Flow	$358M	—	-$248M	—	244.8%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.0B
R&D Expenses	$12M
Selling & Marketing	$93M
General & Administrative	$119M
SG&A Expenses	$211M
Other Expenses	-$730.3K
Operating Expenses	$223M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.8B
Interest Income	$99M
Interest Expense	$275M
Other Income/Expenses	$265M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$495M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$186M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.0B
R&D Expenses	$12M
Selling & Marketing	$93M
General & Administrative	$119M
SG&A Expenses	$211M
Other Expenses	-$730.3K
Operating Expenses	$223M
Cost & Expenses	$3.6B
OPERATING INCOME	$1.8B
Interest Income	$99M
Interest Expense	$275M
Other Income/Expenses	$265M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$495M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$186M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$257M
Stock-Based Compensation	$584.7K
Deferred Income Tax	$0
Other Non-Cash Items	-$517M
Change in Working Capital	-$730M
OPERATING CASH FLOW	$506M
Capital Expenditure	-$148M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	-$790M
Common Stock Repurchased	$0
Common Dividends Paid	-$21.0K
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$788M
FREE CASH FLOW	$358M
Net Change in Cash	-$550M

Balance Sheet

Item	Amount
Cash & Equivalents	$392M
Short-Term Investments	$153M
Net Receivables	$503M
Inventory	$510M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$1.5B
Goodwill	$83M
Intangible Assets	$30M
Long-Term Investments	$12M
Tax Assets	$239M
Other Non-Current Assets	$90M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.5B
Account Payables	$429M
Short-Term Debt	$410M
Deferred Revenue	$14M
Other Current Liabilities	$283M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$1.6B
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$49M
Other Non-Current Liabilities	$290M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.2B
Common Stock	$323M
Additional Paid-In Capital	$0
Retained Earnings	$197M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$171M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$348M
Minority Interest	-$60M
TOTAL EQUITY	$288M
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$2.1B
Net Debt	$1.7B