CX Q1 2018 Earnings Report — CEMEX, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

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

Q1 2018 Earnings

Reported March 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.3B	—	3.7%
Op. Income	$342M	—	$523M	—	-34.6%
Gross Margin	31.8%	—	32.2%	—	-0.4pp
Net Margin	0.6%	—	10.7%	—	-10.1pp
EPS (Diluted)	$0.01	—	$0.25	—	-94.8%
Free Cash Flow	$24M	—	$9M	—	165.1%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2M
Operating Expenses	$759M
Cost & Expenses	$3.1B
OPERATING INCOME	$342M
Interest Income	$5M
Interest Expense	$191M
Other Income/Expenses	-$259M
INCOME BEFORE TAX	$95M
Income Tax Expense	$54M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	-$141.0K
Other Adjustments	$1.0K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	-$7M
EBIT	$290M
EBITDA	$290M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$2M
Operating Expenses	$759M
Cost & Expenses	$3.1B
OPERATING INCOME	$342M
Interest Income	$5M
Interest Expense	$191M
Other Income/Expenses	-$259M
INCOME BEFORE TAX	$95M
Income Tax Expense	$54M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	-$141.0K
Other Adjustments	$1.0K
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	-$7M
EBIT	$290M
EBITDA	$290M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$256M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$222M
Change in Working Capital	-$293M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$181M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$87M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	-$86M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$238M
NET CASH FROM FINANCING	-$325M
FREE CASH FLOW	$24M
Net Change in Cash	-$388M

Balance Sheet

Item	Amount
Cash & Equivalents	$314M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$1.0B
Other Current Assets	$325M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$12.1B
Goodwill	$10.0B
Intangible Assets	$2.1B
Long-Term Investments	$741M
Tax Assets	$776M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$25.6B
TOTAL ASSETS	$29.2B
Account Payables	$2.4B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$516M
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$11.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$805M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$13.3B
TOTAL LIABILITIES	$18.2B
Common Stock	$7M
Additional Paid-In Capital	$7.9B
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	$294M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.4B
Minority Interest	$1.6B
TOTAL EQUITY	$11.0B
TOTAL LIABILITIES & EQUITY	$29.2B
Total Debt	$12.8B
Net Debt	$12.5B