JBS FY 2019 Earnings Report — JBS N.V. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$40.8B	—	$36.2B	—	12.6%
Op. Income	$2.7B	—	$1.4B	—	87.9%
Gross Margin	15.6%	—	14.5%	—	1.1pp
Net Margin	3.0%	—	0.0%	—	3.0pp
EPS (Diluted)	$0.45	—	$0.00	—	23900.0%
Free Cash Flow	$1.9B	—	$920M	—	106.5%

Revenue Flow

Item	Amount
REVENUE	$40.8B
Cost of Revenue	$34.4B
GROSS PROFIT	$6.4B
R&D Expenses	$0
Selling & Marketing	$2.3B
General & Administrative	$1.4B
SG&A Expenses	$3.7B
Other Expenses	$1M
Operating Expenses	$3.7B
Cost & Expenses	$38.1B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$811M
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$206M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.0B
EBIT	$2.6B
EBITDA	$3.6B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$40.8B
Cost of Revenue	$34.4B
GROSS PROFIT	$6.4B
R&D Expenses	$0
Selling & Marketing	$2.3B
General & Administrative	$1.4B
SG&A Expenses	$3.7B
Other Expenses	$1M
Operating Expenses	$3.7B
Cost & Expenses	$38.1B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$811M
Other Income/Expenses	-$1.2B
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$206M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.0B
EBIT	$2.6B
EBITDA	$3.6B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	$939M
Change in Working Capital	-$672M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$845M
Acquisitions (Net)	-$447M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$125M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.9B
Net Change in Cash	$219M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$2.2B
Inventory	$3.5B
Other Current Assets	$679M
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$8.8B
Goodwill	$4.9B
Intangible Assets	$1.2B
Long-Term Investments	$19M
Tax Assets	$0
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$16.8B
TOTAL ASSETS	$25.2B
Account Payables	$3.1B
Short-Term Debt	$815M
Deferred Revenue	$0
Other Current Liabilities	$672M
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$10.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$13.0B
TOTAL LIABILITIES	$18.7B
Common Stock	$4.7B
Additional Paid-In Capital	$42M
Retained Earnings	$1.0B
Treasury Stock	-$121M
Accum. Other Comp. Income	$246M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$567M
TOTAL EQUITY	$6.5B
TOTAL LIABILITIES & EQUITY	$25.2B
Total Debt	$11.9B
Net Debt	$9.9B