JBS FY 2015 Earnings Report — JBS N.V. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported December 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$32.5B	—	$24.0B	—	35.2%
Op. Income	$1.8B	—	$1.6B	—	11.4%
Gross Margin	13.9%	—	15.5%	—	-1.6pp
Net Margin	2.8%	—	1.7%	—	1.2pp
EPS (Diluted)	$0.32	—	$0.14	—	125.4%
Free Cash Flow	$385M	—	$1.1B	—	-64.4%

Revenue Flow

Item	Amount
REVENUE	$32.5B
Cost of Revenue	$28.0B
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$803M
SG&A Expenses	$2.7B
Other Expenses	$13M
Operating Expenses	$2.7B
Cost & Expenses	$30.7B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$491M
Other Income/Expenses	-$248M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$548M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$925M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$925M
D&A	$732M
EBIT	$1.8B
EBITDA	$2.6B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$32.5B
Cost of Revenue	$28.0B
GROSS PROFIT	$4.5B
R&D Expenses	$0
Selling & Marketing	$1.9B
General & Administrative	$803M
SG&A Expenses	$2.7B
Other Expenses	$13M
Operating Expenses	$2.7B
Cost & Expenses	$30.7B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$491M
Other Income/Expenses	-$248M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$548M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$925M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$925M
D&A	$732M
EBIT	$1.8B
EBITDA	$2.6B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$925M
Depreciation & Amortization	$737M
Stock-Based Compensation	$8M
Deferred Income Tax	$0
Other Non-Cash Items	-$38M
Change in Working Capital	-$159M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$3.1B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$34M
NET CASH FROM INVESTING	-$4.1B
Net Debt Issuance	$1.8B
Common Stock Repurchased	-$355M
Common Dividends Paid	-$96M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$3.0B
FREE CASH FLOW	$385M
Net Change in Cash	$785M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.8B
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$2.8B
Other Current Assets	$970M
TOTAL CURRENT ASSETS	$9.9B
PP&E (Net)	$7.3B
Goodwill	$4.9B
Intangible Assets	$1.4B
Long-Term Investments	$71M
Tax Assets	$0
Other Non-Current Assets	$908M
TOTAL NON-CURRENT ASSETS	$14.5B
TOTAL ASSETS	$24.4B
Account Payables	$2.5B
Short-Term Debt	$4.2B
Deferred Revenue	$0
Other Current Liabilities	$708M
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$9.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$18.5B
Common Stock	$4.7B
Additional Paid-In Capital	$42M
Retained Earnings	$949M
Treasury Stock	-$180M
Accum. Other Comp. Income	$77M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$318M
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$24.4B
Total Debt	$13.1B
Net Debt	$9.4B