CCU FY 2017 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

FY 2017 Earnings

Reported April 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.8B	—	8.9%
Op. Income	$256M	—	$216M	—	18.1%
Gross Margin	53.0%	—	52.4%	—	0.6pp
Net Margin	7.6%	—	7.6%	—	0.0pp
EPS (Diluted)	$0.79	—	$0.72	—	9.4%
Free Cash Flow	$153M	—	$213.7B	—	-99.9%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$899M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$327M
General & Administrative	$160M
SG&A Expenses	$487M
Other Expenses	$3M
Operating Expenses	$754M
Cost & Expenses	$1.7B
OPERATING INCOME	$256M
Interest Income	$6M
Interest Expense	$27M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$221M
Income Tax Expense	$54M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$104M
EBIT	$248M
EBITDA	$356M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$899M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$327M
General & Administrative	$160M
SG&A Expenses	$487M
Other Expenses	$3M
Operating Expenses	$754M
Cost & Expenses	$1.7B
OPERATING INCOME	$256M
Interest Income	$6M
Interest Expense	$27M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$221M
Income Tax Expense	$54M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$104M
EBIT	$248M
EBITDA	$356M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$146M
Depreciation & Amortization	$104M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$149M
Change in Working Capital	$0
OPERATING CASH FLOW	$295M
Capital Expenditure	-$142M
Acquisitions (Net)	-$56M
Purchases of Investments	-$55M
Sales/Maturities of Investments	$1M
Other Investing Activities	$56M
NET CASH FROM INVESTING	-$195M
Net Debt Issuance	$34M
Common Stock Repurchased	$0
Common Dividends Paid	-$85M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$153M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$191M
Short-Term Investments	$12M
Net Receivables	$297M
Inventory	$237M
Other Current Assets	$87M
TOTAL CURRENT ASSETS	$822M
PP&E (Net)	$1.0B
Goodwill	$106M
Intangible Assets	$87M
Long-Term Investments	$114M
Tax Assets	$45M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.2B
Account Payables	$258M
Short-Term Debt	$39M
Deferred Revenue	$131M
Other Current Liabilities	$197M
TOTAL CURRENT LIABILITIES	$528M
Long-Term Debt	$162M
Deferred Revenue NC	-$153M
Deferred Tax Liabilities	$106M
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$316M
TOTAL LIABILITIES	$843M
Common Stock	$633M
Additional Paid-In Capital	$633M
Retained Earnings	$806M
Treasury Stock	$0
Accum. Other Comp. Income	-$200M
Other Equity	-$633M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$142M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$213M
Net Debt	$21M