EC FY 2012 Earnings Report — Ecopetrol S.A. Revenue & Financial Results | Market Cap Arena

Ecopetrol S.A.EC

FY 2012 Earnings

Reported April 29, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$19.3B	—	—	—	—
Op. Income	$6.5B	—	—	—	—
Gross Margin	41.1%	—	—	—	—
Net Margin	21.5%	—	—	—	—
EPS (Diluted)	$2.01	—	—	—	—
Free Cash Flow	$3.0B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$11.4B
GROSS PROFIT	$7.9B
R&D Expenses	$0
Selling & Marketing	$38M
General & Administrative	$693M
SG&A Expenses	$731M
Other Expenses	$663M
Operating Expenses	$1.4B
Cost & Expenses	$12.8B
OPERATING INCOME	$6.5B
Interest Income	$108M
Interest Expense	$163M
Other Income/Expenses	-$283M
INCOME BEFORE TAX	$6.3B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$1.5B
EBIT	$6.4B
EBITDA	$8.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$11.4B
GROSS PROFIT	$7.9B
R&D Expenses	$0
Selling & Marketing	$38M
General & Administrative	$693M
SG&A Expenses	$731M
Other Expenses	$663M
Operating Expenses	$1.4B
Cost & Expenses	$12.8B
OPERATING INCOME	$6.5B
Interest Income	$108M
Interest Expense	$163M
Other Income/Expenses	-$283M
INCOME BEFORE TAX	$6.3B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$1.5B
EBIT	$6.4B
EBITDA	$8.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$4.1B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	$415M
Change in Working Capital	-$329M
OPERATING CASH FLOW	$5.8B
Capital Expenditure	-$2.8B
Acquisitions (Net)	$0
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$4.1B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$2.3B
Other Financing Activities	-$20M
NET CASH FROM FINANCING	-$937M
FREE CASH FLOW	$3.0B
Net Change in Cash	$377M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$384M
Net Receivables	$1.5B
Inventory	$787M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$21.1B
Goodwill	$797M
Intangible Assets	$160M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$25.5B
TOTAL ASSETS	$31.9B
Account Payables	$1.4B
Short-Term Debt	$661M
Deferred Revenue	$201M
Other Current Liabilities	$591M
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$3.2B
Deferred Revenue NC	$104M
Deferred Tax Liabilities	$502M
Other Non-Current Liabilities	$2.7B
TOTAL NON-CURRENT LIABILITIES	$6.5B
TOTAL LIABILITIES	$13.0B
Common Stock	$2.9B
Additional Paid-In Capital	$1.9B
Retained Earnings	$4.1B
Treasury Stock	$0
Accum. Other Comp. Income	$3.4B
Other Equity	$5.8B
TOTAL STOCKHOLDERS' EQUITY	$18.1B
Minority Interest	$729M
TOTAL EQUITY	$18.9B
TOTAL LIABILITIES & EQUITY	$31.9B
Total Debt	$3.8B
Net Debt	$1.6B