CCU FY 2014 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

FY 2014 Earnings

Reported April 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	8.4%
Op. Income	$205M	—	$213M	—	-3.8%
Gross Margin	53.4%	—	55.2%	—	-1.7pp
Net Margin	8.2%	—	10.3%	—	-2.1pp
EPS (Diluted)	$0.64	—	$0.83	—	-22.5%
Free Cash Flow	-$63M	—	$78M	—	-181.1%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$674M
GROSS PROFIT	$773M
R&D Expenses	$0
Selling & Marketing	$268M
General & Administrative	$123M
SG&A Expenses	$391M
Other Expenses	$20M
Operating Expenses	$600M
Cost & Expenses	$1.3B
OPERATING INCOME	$205M
Interest Income	$14M
Interest Expense	$26M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$187M
Income Tax Expense	$52M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	-$15M
BOTTOM LINE NET INCOME	$133M
D&A	-$130.7K
EBIT	$212M
EBITDA	$212M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$674M
GROSS PROFIT	$773M
R&D Expenses	$0
Selling & Marketing	$268M
General & Administrative	$123M
SG&A Expenses	$391M
Other Expenses	$20M
Operating Expenses	$600M
Cost & Expenses	$1.3B
OPERATING INCOME	$205M
Interest Income	$14M
Interest Expense	$26M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$187M
Income Tax Expense	$52M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	-$15M
BOTTOM LINE NET INCOME	$133M
D&A	-$130.7K
EBIT	$212M
EBITDA	$212M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$75M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$75M
Change in Working Capital	$0
OPERATING CASH FLOW	$194M
Capital Expenditure	-$256M
Acquisitions (Net)	-$17M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$266M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$73M
Other Financing Activities	-$67M
NET CASH FROM FINANCING	-$147M
FREE CASH FLOW	-$63M
Net Change in Cash	-$216M

Balance Sheet

Item	Amount
Cash & Equivalents	$239M
Short-Term Investments	$1M
Net Receivables	$246M
Inventory	$195M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$764M
PP&E (Net)	$929M
Goodwill	$97M
Intangible Assets	$77M
Long-Term Investments	$36M
Tax Assets	$34M
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.0B
Account Payables	$231M
Short-Term Debt	$58M
Deferred Revenue	$45M
Other Current Liabilities	$111M
TOTAL CURRENT LIABILITIES	$422M
Long-Term Debt	$131M
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$98M
TOTAL NON-CURRENT LIABILITIES	$270M
TOTAL LIABILITIES	$692M
Common Stock	$627M
Additional Paid-In Capital	$627M
Retained Earnings	$600M
Treasury Stock	$0
Accum. Other Comp. Income	-$84M
Other Equity	-$627M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$137M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$209M
Net Debt	-$31M