JBS FY 2017 Earnings Report — JBS N.V. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$32.5B	—	$34.0B	—	-4.2%
Op. Income	$1.3B	—	$1.3B	—	2.2%
Gross Margin	14.6%	—	12.5%	—	2.1pp
Net Margin	0.3%	—	0.1%	—	0.2pp
EPS (Diluted)	$0.04	—	$0.02	—	121.4%
Free Cash Flow	$417M	—	$37M	—	1017.8%

Revenue Flow

Item	Amount
REVENUE	$32.5B
Cost of Revenue	$27.8B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.6B
SG&A Expenses	$3.4B
Other Expenses	-$14M
Operating Expenses	$3.4B
Cost & Expenses	$31.2B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$898M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$230M
Income Tax Expense	$25M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$886M
EBIT	$1.3B
EBITDA	$2.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$32.5B
Cost of Revenue	$27.8B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.6B
SG&A Expenses	$3.4B
Other Expenses	-$14M
Operating Expenses	$3.4B
Cost & Expenses	$31.2B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$898M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$230M
Income Tax Expense	$25M
Net Income from Continuing Ops	$204M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$886M
EBIT	$1.3B
EBITDA	$2.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$107M
Depreciation & Amortization	$892M
Stock-Based Compensation	$24M
Deferred Income Tax	$0
Other Non-Cash Items	$389M
Change in Working Capital	-$374M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$620M
Acquisitions (Net)	-$369M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$505M
NET CASH FROM INVESTING	-$484M
Net Debt Issuance	-$66M
Common Stock Repurchased	-$51M
Common Dividends Paid	-$19M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$126M
FREE CASH FLOW	$417M
Net Change in Cash	$476M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$2.5B
Other Current Assets	$514M
TOTAL CURRENT ASSETS	$7.2B
PP&E (Net)	$6.9B
Goodwill	$4.5B
Intangible Assets	$1.1B
Long-Term Investments	$13M
Tax Assets	$0
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$14.5B
TOTAL ASSETS	$21.7B
Account Payables	$2.0B
Short-Term Debt	$2.7B
Deferred Revenue	$0
Other Current Liabilities	$432M
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$8.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$10.6B
TOTAL LIABILITIES	$16.5B
Common Stock	$4.7B
Additional Paid-In Capital	$42M
Retained Earnings	$454M
Treasury Stock	$0
Accum. Other Comp. Income	-$354M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$369M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$21.7B
Total Debt	$11.4B
Net Debt	$9.0B