CCU FY 2018 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

FY 2018 Earnings

Reported April 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.9B	—	5.0%
Op. Income	$532M	—	$256M	—	108.1%
Gross Margin	51.8%	—	53.0%	—	-1.2pp
Net Margin	17.2%	—	7.6%	—	9.6pp
EPS (Diluted)	$1.87	—	$0.79	—	136.8%
Free Cash Flow	$197M	—	$153M	—	28.6%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$968M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$354M
General & Administrative	$171M
SG&A Expenses	$525M
Other Expenses	$252M
Operating Expenses	$768M
Cost & Expenses	$1.7B
OPERATING INCOME	$532M
Interest Income	$18M
Interest Expense	$27M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$516M
Income Tax Expense	$153M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$345M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$345M
D&A	$105M
EBIT	$542M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$968M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$354M
General & Administrative	$171M
SG&A Expenses	$525M
Other Expenses	$252M
Operating Expenses	$768M
Cost & Expenses	$1.7B
OPERATING INCOME	$532M
Interest Income	$18M
Interest Expense	$27M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$516M
Income Tax Expense	$153M
Net Income from Continuing Ops	$362M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$345M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$345M
D&A	$105M
EBIT	$542M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$345M
Depreciation & Amortization	$105M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$345M
Change in Working Capital	$0
OPERATING CASH FLOW	$345M
Capital Expenditure	-$148M
Acquisitions (Net)	-$74M
Purchases of Investments	-$67M
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$224M
Net Debt Issuance	$79M
Common Stock Repurchased	$0
Common Dividends Paid	-$84M
Other Financing Activities	-$54M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$197M
Net Change in Cash	$168M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$12M
Net Receivables	$384M
Inventory	$267M
Other Current Assets	$98M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.1B
Goodwill	$138M
Intangible Assets	$134M
Long-Term Investments	$160M
Tax Assets	$42M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.7B
Account Payables	$283M
Short-Term Debt	$48M
Deferred Revenue	$3M
Other Current Liabilities	$359M
TOTAL CURRENT LIABILITIES	$727M
Long-Term Debt	$237M
Deferred Revenue NC	-$122M
Deferred Tax Liabilities	$122M
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$418M
TOTAL LIABILITIES	$1.1B
Common Stock	$633M
Additional Paid-In Capital	$633M
Retained Earnings	$977M
Treasury Stock	$0
Accum. Other Comp. Income	-$170M
Other Equity	-$633M
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$123M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$305M
Net Debt	-$54M