CCU Q4 2016 Earnings Report — Compañía Cervecerías Unidas S.A. Revenue & Financial Results | Market Cap Arena

Compañía Cervecerías Unidas S.A.CCU

Q4 2016 Earnings

Reported April 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$540M	$402M	—	34.5%	—
Op. Income	$92M	$34M	—	167.7%	—
Gross Margin	53.8%	49.4%	—	4.4pp	—
Net Margin	11.5%	3.4%	—	8.1pp	—
EPS (Diluted)	$0.34	$0.07	—	355.9%	—
Free Cash Flow	$51M	$6M	—	764.7%	—

Revenue Flow

Item	Amount
REVENUE	$540M
Cost of Revenue	$250M
GROSS PROFIT	$291M
R&D Expenses	$0
Selling & Marketing	$86M
General & Administrative	$49M
SG&A Expenses	$135M
Other Expenses	$2M
Operating Expenses	$199M
Cost & Expenses	$449M
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$91M
Income Tax Expense	$21M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	-$578
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$2M
EBIT	$80M
EBITDA	$93M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$540M
Cost of Revenue	$250M
GROSS PROFIT	$291M
R&D Expenses	$0
Selling & Marketing	$86M
General & Administrative	$49M
SG&A Expenses	$135M
Other Expenses	$2M
Operating Expenses	$199M
Cost & Expenses	$449M
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$91M
Income Tax Expense	$21M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	-$578
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$2M
EBIT	$80M
EBITDA	$93M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$2M
Change in Working Capital	$0
OPERATING CASH FLOW	$84M
Capital Expenditure	-$34M
Acquisitions (Net)	-$722.4K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	-$11M
Common Stock Repurchased	$0
Common Dividends Paid	$1M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$51M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$9M
Net Receivables	$282M
Inventory	$234M
Other Current Assets	$81M
TOTAL CURRENT ASSETS	$767M
PP&E (Net)	$1.0B
Goodwill	$109M
Intangible Assets	$87M
Long-Term Investments	$73M
Tax Assets	$36M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.1B
Account Payables	$242M
Short-Term Debt	$50M
Deferred Revenue	$106M
Other Current Liabilities	$179M
TOTAL CURRENT LIABILITIES	$498M
Long-Term Debt	$114M
Deferred Revenue NC	-$98M
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$258M
TOTAL LIABILITIES	$755M
Common Stock	$633M
Additional Paid-In Capital	$633M
Retained Earnings	$740M
Treasury Stock	$0
Accum. Other Comp. Income	-$161M
Other Equity	-$633M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$138M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$181M
Net Debt	$30M