CCU FY 2010 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

FY 2010 Earnings

Reported June 8, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$934M	—	$867M	—	7.7%
Op. Income	$181M	—	$153M	—	17.7%
Gross Margin	54.2%	—	53.0%	—	1.2pp
Net Margin	13.2%	—	16.5%	—	-3.3pp
EPS (Diluted)	$0.77	—	$0.89	—	-13.3%
Free Cash Flow	$106M	—	$104M	—	2.1%

Revenue Flow

Item	Amount
REVENUE	$934M
Cost of Revenue	$428M
GROSS PROFIT	$507M
R&D Expenses	$0
Selling & Marketing	$144M
General & Administrative	$192M
SG&A Expenses	$336M
Other Expenses	$1M
Operating Expenses	$326M
Cost & Expenses	$754M
OPERATING INCOME	$181M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$165M
Income Tax Expense	$31M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$7M
EBIT	$177M
EBITDA	$188M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$934M
Cost of Revenue	$428M
GROSS PROFIT	$507M
R&D Expenses	$0
Selling & Marketing	$144M
General & Administrative	$192M
SG&A Expenses	$336M
Other Expenses	$1M
Operating Expenses	$326M
Cost & Expenses	$754M
OPERATING INCOME	$181M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$165M
Income Tax Expense	$31M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$7M
EBIT	$177M
EBITDA	$188M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$54M
Change in Working Capital	$0
OPERATING CASH FLOW	$178M
Capital Expenditure	-$72M
Acquisitions (Net)	-$12M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$82M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$88M
FREE CASH FLOW	$106M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$169M
Short-Term Investments	$0
Net Receivables	$194M
Inventory	$121M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$498M
PP&E (Net)	$566M
Goodwill	$76M
Intangible Assets	$39M
Long-Term Investments	$48M
Tax Assets	$21M
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$786M
TOTAL ASSETS	$1.3B
Account Payables	$151M
Short-Term Debt	$6M
Deferred Revenue	-$151M
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$264M
Long-Term Debt	$48M
Deferred Revenue NC	-$60M
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$210M
TOTAL NON-CURRENT LIABILITIES	$334M
TOTAL LIABILITIES	$598M
Common Stock	$0
Additional Paid-In Capital	$258M
Retained Earnings	$348M
Treasury Stock	$0
Accum. Other Comp. Income	-$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$564M
Minority Interest	$122M
TOTAL EQUITY	$686M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$260M
Net Debt	$91M