CCU FY 2015 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

FY 2015 Earnings

Reported April 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.4B	—	15.4%
Op. Income	$238M	—	$205M	—	16.0%
Gross Margin	54.3%	—	53.4%	—	0.9pp
Net Margin	8.1%	—	8.2%	—	-0.1pp
EPS (Diluted)	$0.73	—	$0.64	—	13.7%
Free Cash Flow	$98M	—	-$63M	—	255.5%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$764M
GROSS PROFIT	$907M
R&D Expenses	$0
Selling & Marketing	$309M
General & Administrative	$143M
SG&A Expenses	$452M
Other Expenses	-$2M
Operating Expenses	$685M
Cost & Expenses	$1.4B
OPERATING INCOME	$238M
Interest Income	$9M
Interest Expense	$26M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$213M
Income Tax Expense	$56M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	-$16M
EBIT	$238M
EBITDA	$238M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$764M
GROSS PROFIT	$907M
R&D Expenses	$0
Selling & Marketing	$309M
General & Administrative	$143M
SG&A Expenses	$452M
Other Expenses	-$2M
Operating Expenses	$685M
Cost & Expenses	$1.4B
OPERATING INCOME	$238M
Interest Income	$9M
Interest Expense	$26M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$213M
Income Tax Expense	$56M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	-$16M
EBIT	$238M
EBITDA	$238M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$91M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$110M
Change in Working Capital	$0
OPERATING CASH FLOW	$245M
Capital Expenditure	-$147M
Acquisitions (Net)	-$42M
Purchases of Investments	-$47M
Sales/Maturities of Investments	$48M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$185M
Net Debt Issuance	-$41M
Common Stock Repurchased	$0
Common Dividends Paid	-$74M
Other Financing Activities	$23M
NET CASH FROM FINANCING	-$92M
FREE CASH FLOW	$98M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$15M
Net Receivables	$258M
Inventory	$203M
Other Current Assets	$73M
TOTAL CURRENT ASSETS	$763M
PP&E (Net)	$973M
Goodwill	$93M
Intangible Assets	$71M
Long-Term Investments	$56M
Tax Assets	$38M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.0B
Account Payables	$204M
Short-Term Debt	$34M
Deferred Revenue	$51M
Other Current Liabilities	$171M
TOTAL CURRENT LIABILITIES	$433M
Long-Term Debt	$133M
Deferred Revenue NC	-$130M
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$276M
TOTAL LIABILITIES	$709M
Common Stock	$627M
Additional Paid-In Capital	$627M
Retained Earnings	$667M
Treasury Stock	$0
Accum. Other Comp. Income	-$115M
Other Equity	-$627M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$145M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$187M
Net Debt	-$27M