BWMX FY 2021 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 2021 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$579M	—	$416M	—	39.1%
Op. Income	$150M	—	$119M	—	26.1%
Gross Margin	55.3%	—	54.7%	—	0.6pp
Net Margin	17.4%	—	4.1%	—	13.3pp
EPS (Diluted)	$2.70	—	$0.50	—	440.4%
Free Cash Flow	$61M	—	$69M	—	-11.7%

Revenue Flow

Item	Amount
REVENUE	$579M
Cost of Revenue	$259M
GROSS PROFIT	$320M
R&D Expenses	$0
Selling & Marketing	$99M
General & Administrative	$72M
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$171M
Cost & Expenses	$429M
OPERATING INCOME	$150M
Interest Income	$1M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$147M
Income Tax Expense	$47M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$5M
EBIT	$152M
EBITDA	$156M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$579M
Cost of Revenue	$259M
GROSS PROFIT	$320M
R&D Expenses	$0
Selling & Marketing	$99M
General & Administrative	$72M
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$171M
Cost & Expenses	$429M
OPERATING INCOME	$150M
Interest Income	$1M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$147M
Income Tax Expense	$47M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$5M
EBIT	$152M
EBITDA	$156M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$5M
Stock-Based Compensation	$0
Deferred Income Tax	$47M
Other Non-Cash Items	-$64M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$23M
Acquisitions (Net)	$2.9K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$50M
Common Stock Repurchased	$0
Common Dividends Paid	-$81M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$61M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$43M
Inventory	$74M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$193M
PP&E (Net)	$62M
Goodwill	$21M
Intangible Assets	$21M
Long-Term Investments	$28.6K
Tax Assets	$0
Other Non-Current Assets	$245.8K
TOTAL NON-CURRENT ASSETS	$105M
TOTAL ASSETS	$298M
Account Payables	$114M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$141M
Long-Term Debt	$85M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$120.4K
TOTAL NON-CURRENT LIABILITIES	$88M
TOTAL LIABILITIES	$229M
Common Stock	$18M
Additional Paid-In Capital	$382.9K
Retained Earnings	$49M
Treasury Stock	$0
Accum. Other Comp. Income	$33.5K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$68M
Minority Interest	$842.7K
TOTAL EQUITY	$69M
TOTAL LIABILITIES & EQUITY	$298M
Total Debt	$88M
Net Debt	$20M