EMBJ FY 2006 Earnings Report — Embraer S.A. Revenue & Financial Results | Market Cap Arena

Embraer S.A.EMBJ

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.8B	—	-8.1%
Op. Income	$149M	—	$240M	—	-37.7%
Gross Margin	25.3%	—	27.7%	—	-2.4pp
Net Margin	10.4%	—	11.8%	—	-1.4pp
EPS (Diluted)	$0.93	—	$1.14	—	-19.0%
Free Cash Flow	$0	—	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$415M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$200M
Other Expenses	$215M
Operating Expenses	$415M
Cost & Expenses	$1.6B
OPERATING INCOME	$149M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$44M
INCOME BEFORE TAX	$194M
Income Tax Expense	$19M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$0
EBIT	$177M
EBITDA	$177M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$415M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$200M
Other Expenses	$215M
Operating Expenses	$415M
Cost & Expenses	$1.6B
OPERATING INCOME	$149M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$44M
INCOME BEFORE TAX	$194M
Income Tax Expense	$19M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$0
EBIT	$177M
EBITDA	$177M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$170M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$170M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	-$352.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$40M
NET CASH FROM INVESTING	$0
Net Debt Issuance	-$106M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$172M
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$527M
Short-Term Investments	$0
Net Receivables	$121M
Inventory	$892M
Other Current Assets	$292M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$180M
Goodwill	$0
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$825M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$3.1B
Account Payables	$398M
Short-Term Debt	$389M
Deferred Revenue	$0
Other Current Liabilities	$915M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$561M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$713.2K
Other Non-Current Liabilities	$381M
TOTAL NON-CURRENT LIABILITIES	$943M
TOTAL LIABILITIES	$2.2B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$190M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$627M
TOTAL STOCKHOLDERS' EQUITY	$817M
Minority Interest	$0
TOTAL EQUITY	$817M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$950M
Net Debt	$423M