ITUB FY 2008 Earnings Report — Itaú Unibanco Holding S.A. Revenue & Financial Results | Market Cap Arena

Itaú Unibanco Holding S.A.ITUB

FY 2008 Earnings

Reported December 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$12.7B	—	—	—	—
Op. Income	$714M	—	—	—	—
Gross Margin	43.0%	—	—	—	—
Net Margin	7.7%	—	—	—	—
EPS (Diluted)	$0.13	—	—	—	—
Free Cash Flow	-$2.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$12.7B
Cost of Revenue	$7.2B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.2B
SG&A Expenses	$3.2B
Other Expenses	$1.5B
Operating Expenses	$4.7B
Cost & Expenses	$12.0B
OPERATING INCOME	$714M
Interest Income	$9.6B
Interest Expense	$5.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$714M
Income Tax Expense	-$269M
Net Income from Continuing Ops	$983M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$977M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$977M
D&A	$394M
EBIT	$714M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$12.7B
Cost of Revenue	$7.2B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.2B
SG&A Expenses	$3.2B
Other Expenses	$1.5B
Operating Expenses	$4.7B
Cost & Expenses	$12.0B
OPERATING INCOME	$714M
Interest Income	$9.6B
Interest Expense	$5.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$714M
Income Tax Expense	-$269M
Net Income from Continuing Ops	$983M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$977M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$977M
D&A	$394M
EBIT	$714M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$977M
Depreciation & Amortization	$394M
Stock-Based Compensation	-$36M
Deferred Income Tax	-$607M
Other Non-Cash Items	$1.8B
Change in Working Capital	-$5.1B
OPERATING CASH FLOW	-$2.6B
Capital Expenditure	-$268M
Acquisitions (Net)	-$75M
Purchases of Investments	-$5.3B
Sales/Maturities of Investments	$4.0B
Other Investing Activities	-$14.6B
NET CASH FROM INVESTING	-$16.2B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$326M
Common Dividends Paid	-$586M
Other Financing Activities	$19.3B
NET CASH FROM FINANCING	$19.9B
FREE CASH FLOW	-$2.8B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$13.0B
Short-Term Investments	$22.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$35.4B
PP&E (Net)	$597M
Goodwill	$85M
Intangible Assets	$1.3B
Long-Term Investments	$40.7B
Tax Assets	$0
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$45.5B
TOTAL ASSETS	$80.9B
Account Payables	$0
Short-Term Debt	$20.9B
Deferred Revenue	$0
Other Current Liabilities	$35.3B
TOTAL CURRENT LIABILITIES	$56.2B
Long-Term Debt	$7.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9.9B
TOTAL NON-CURRENT LIABILITIES	$17.5B
TOTAL LIABILITIES	$73.7B
Common Stock	$0
Additional Paid-In Capital	$1.5B
Retained Earnings	$3.2B
Treasury Stock	-$307M
Accum. Other Comp. Income	$520M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.9B
Minority Interest	$251M
TOTAL EQUITY	$7.2B
TOTAL LIABILITIES & EQUITY	$80.9B
Total Debt	$28.5B
Net Debt	$15.5B