CCU Q1 2021 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

Q1 2021 Earnings

Reported March 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$641M	—	$575M	—	11.4%
Op. Income	$111M	—	$79M	—	41.4%
Gross Margin	50.8%	—	49.6%	—	1.2pp
Net Margin	11.3%	—	6.3%	—	5.0pp
EPS (Diluted)	$0.39	—	$0.20	—	99.8%
Free Cash Flow	$93M	—	$39M	—	138.3%

Revenue Flow

Item	Amount
REVENUE	$641M
Cost of Revenue	$315M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$108M
General & Administrative	$37M
SG&A Expenses	$144M
Other Expenses	$70M
Operating Expenses	$215M
Cost & Expenses	$530M
OPERATING INCOME	$111M
Interest Income	$4M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$105M
Income Tax Expense	$26M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$0
EBIT	$113M
EBITDA	$113M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$641M
Cost of Revenue	$315M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$108M
General & Administrative	$37M
SG&A Expenses	$144M
Other Expenses	$70M
Operating Expenses	$215M
Cost & Expenses	$530M
OPERATING INCOME	$111M
Interest Income	$4M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$105M
Income Tax Expense	$26M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$0
EBIT	$113M
EBITDA	$113M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$30M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$22M
Change in Working Capital	$0
OPERATING CASH FLOW	$125M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$869.0K
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$93M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$526M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$607M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$531M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.9B
Account Payables	$0
Short-Term Debt	$83M
Deferred Revenue	$0
Other Current Liabilities	$542M
TOTAL CURRENT LIABILITIES	$624M
Long-Term Debt	$495M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$178M
TOTAL NON-CURRENT LIABILITIES	$673M
TOTAL LIABILITIES	$1.3B
Common Stock	$633M
Additional Paid-In Capital	$0
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$211M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$131M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$578M
Net Debt	$51M