BWMX FY 2020 Earnings Report — Betterware de México, S.A.P.I. de C.V. Revenue & Financial Results | Market Cap Arena

Betterware de México, S.A.P.I. de C.V.BWMX

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$416M	—	$177M	—	134.6%
Op. Income	$119M	—	$47M	—	154.0%
Gross Margin	54.7%	—	58.5%	—	-3.8pp
Net Margin	4.1%	—	15.3%	—	-11.2pp
EPS (Diluted)	$0.50	—	$0.79	—	-36.6%
Free Cash Flow	$69M	—	$24M	—	184.9%

Revenue Flow

Item	Amount
REVENUE	$416M
Cost of Revenue	$189M
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$71M
General & Administrative	$38M
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$298M
OPERATING INCOME	$119M
Interest Income	$628.5K
Interest Expense	$5M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$47M
Income Tax Expense	$30M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$52M
EBITDA	$55M
EPS	$1
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$416M
Cost of Revenue	$189M
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$71M
General & Administrative	$38M
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$298M
OPERATING INCOME	$119M
Interest Income	$628.5K
Interest Expense	$5M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$47M
Income Tax Expense	$30M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$52M
EBITDA	$55M
EPS	$1
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$30M
Other Non-Cash Items	$40M
Change in Working Capital	$13M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$788.6K
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$69M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$42M
Inventory	$74M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$164M
PP&E (Net)	$47M
Goodwill	$20M
Intangible Assets	$18M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$332.0K
TOTAL NON-CURRENT ASSETS	$87M
TOTAL ASSETS	$251M
Account Payables	$120M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$165M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$35M
TOTAL LIABILITIES	$200M
Common Stock	$18M
Additional Paid-In Capital	$52M
Retained Earnings	-$19M
Treasury Stock	$0
Accum. Other Comp. Income	-$41.3K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$51M
Minority Interest	$0
TOTAL EQUITY	$51M
TOTAL LIABILITIES & EQUITY	$251M
Total Debt	$38M
Net Debt	$255.0K