JBS FY 2016 Earnings Report — JBS N.V. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$34.0B	—	$32.5B	—	4.6%
Op. Income	$1.3B	—	$1.8B	—	-27.8%
Gross Margin	12.5%	—	13.9%	—	-1.4pp
Net Margin	0.1%	—	2.8%	—	-2.7pp
EPS (Diluted)	$0.02	—	$0.32	—	-94.6%
Free Cash Flow	$37M	—	$385M	—	-90.3%

Revenue Flow

Item	Amount
REVENUE	$34.0B
Cost of Revenue	$29.7B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$2.0B
General & Administrative	$908M
SG&A Expenses	$2.9B
Other Expenses	$65M
Operating Expenses	$2.9B
Cost & Expenses	$32.7B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$662M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	-$55M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$892M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$34.0B
Cost of Revenue	$29.7B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$2.0B
General & Administrative	$908M
SG&A Expenses	$2.9B
Other Expenses	$65M
Operating Expenses	$2.9B
Cost & Expenses	$32.7B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$662M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	-$55M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$892M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$897M
Stock-Based Compensation	$29M
Deferred Income Tax	$0
Other Non-Cash Items	$120M
Change in Working Capital	-$361M
OPERATING CASH FLOW	$731M
Capital Expenditure	-$694M
Acquisitions (Net)	-$96M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$84M
NET CASH FROM INVESTING	-$706M
Net Debt Issuance	$149M
Common Stock Repurchased	-$164M
Common Dividends Paid	-$220M
Other Financing Activities	-$1.4B
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$37M
Net Change in Cash	-$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$2.4B
Other Current Assets	$537M
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$6.8B
Goodwill	$4.4B
Intangible Assets	$999M
Long-Term Investments	$72M
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$13.7B
TOTAL ASSETS	$20.5B
Account Payables	$2.1B
Short-Term Debt	$3.6B
Deferred Revenue	$0
Other Current Liabilities	$291M
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$7.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$9.2B
TOTAL LIABILITIES	$15.8B
Common Stock	$4.7B
Additional Paid-In Capital	$42M
Retained Earnings	$727M
Treasury Stock	-$324M
Accum. Other Comp. Income	-$685M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$228M
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$20.5B
Total Debt	$11.2B
Net Debt	$9.4B