CX FY 2011 Earnings Report — CEMEX, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

CEMEX, S.A.B. de C.V.CX

FY 2011 Earnings

Reported December 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$13.6B	—	$14.5B	—	-6.1%
Op. Income	$861M	—	$879M	—	-2.1%
Gross Margin	28.5%	—	28.0%	—	0.5pp
Net Margin	-10.1%	—	-9.3%	—	-0.9pp
EPS (Diluted)	$-1.10	—	$-1.10	—	0.0%
Free Cash Flow	$1.4B	—	$1.5B	—	-6.0%

Income Statement

Item	Amount
REVENUE	$13.6B
Cost of Revenue	$9.7B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.0B
Other Expenses	$0
Operating Expenses	$3.0B
Cost & Expenses	$12.7B
OPERATING INCOME	$861M
Interest Income	$35M
Interest Expense	$1.7B
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	-$1.1B
Income Tax Expense	$237M
Net Income from Continuing Ops	-$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$1.4B
Net Income Deductions	$98M
BOTTOM LINE NET INCOME	-$1.7B
D&A	$1.3B
EBIT	$293M
EBITDA	$1.6B
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	-$1.4B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$877M
Other Non-Cash Items	$697M
Change in Working Capital	$167M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$230M
Acquisitions (Net)	$88M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$34M
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	$410M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$82M
NET CASH FROM FINANCING	-$838M
FREE CASH FLOW	$1.4B
Net Change in Cash	$558M

Balance Sheet

Item	Amount
Cash & Equivalents	$439M
Short-Term Investments	$717M
Net Receivables	$2.3B
Inventory	$1.3B
Other Current Assets	$144M
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$16.7B
Goodwill	$10.9B
Intangible Assets	$2.6B
Long-Term Investments	$1.4B
Tax Assets	$2.2B
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$33.9B
TOTAL ASSETS	$38.8B
Account Payables	$1.7B
Short-Term Debt	$887M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$17.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$3.6B
TOTAL NON-CURRENT LIABILITIES	$22.0B
TOTAL LIABILITIES	$26.7B
Common Stock	$296M
Additional Paid-In Capital	$7.8B
Retained Earnings	$1.9B
Treasury Stock	-$9M
Accum. Other Comp. Income	$928M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.0B
Minority Interest	$1.2B
TOTAL EQUITY	$12.2B
TOTAL LIABILITIES & EQUITY	$38.8B
Total Debt	$18.0B
Net Debt	$17.6B