EMBJ FY 2005 Earnings Report — Embraer S.A. Revenue & Financial Results | Market Cap Arena

Embraer S.A.EMBJ

FY 2005 Earnings

Reported December 30, 2005

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2005	Prior Q	FY 2004	QoQ Change	YoY Change
Revenue	$1.8B	—	—	—	—
Op. Income	$240M	—	—	—	—
Gross Margin	27.7%	—	—	—	—
Net Margin	11.8%	—	—	—	—
EPS (Diluted)	$1.14	—	—	—	—
Free Cash Flow	$0	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$318M
Operating Expenses	$494M
Cost & Expenses	$1.8B
OPERATING INCOME	$240M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$235M
Income Tax Expense	$20M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$0
EBIT	$269M
EBITDA	$269M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$318M
Operating Expenses	$494M
Cost & Expenses	$1.8B
OPERATING INCOME	$240M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$235M
Income Tax Expense	$20M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$0
EBIT	$269M
EBITDA	$269M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$210M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$24M
NET CASH FROM INVESTING	$0
Net Debt Issuance	$100M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$94M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$898M
Short-Term Investments	$0
Net Receivables	$232M
Inventory	$782M
Other Current Assets	$333M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$238M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$917M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$3.4B
Account Payables	$31M
Short-Term Debt	$375M
Deferred Revenue	$0
Other Current Liabilities	$874M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$742M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$73M
Other Non-Current Liabilities	$374M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$201M
Treasury Stock	$0
Accum. Other Comp. Income	$29M
Other Equity	$723M
TOTAL STOCKHOLDERS' EQUITY	$953M
Minority Interest	$0
TOTAL EQUITY	$953M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.1B
Net Debt	$219M