JBS Q4 2021 Earnings Report — JBS N.V. Revenue & Financial Results | Market Cap Arena

Q4 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$19.6B	$18.7B	$15.3B	4.9%	27.8%
Op. Income	$1.9B	$2.2B	$946M	-14.8%	97.5%
Gross Margin	19.9%	20.8%	15.3%	-0.9pp	4.6pp
Net Margin	6.7%	8.2%	5.3%	-1.5pp	1.4pp
EPS (Diluted)	$0.54	$0.61	$0.31	-10.6%	75.8%
Free Cash Flow	$1.2B	$1.3B	$757M	-5.9%	56.9%

Revenue Flow

Item	Amount
REVENUE	$19.6B
Cost of Revenue	$15.7B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$664M
SG&A Expenses	$1.8B
Other Expenses	$224M
Operating Expenses	$2.0B
Cost & Expenses	$17.7B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$264M
Other Income/Expenses	-$329M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$227M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$168M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$19.6B
Cost of Revenue	$15.7B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$664M
SG&A Expenses	$1.8B
Other Expenses	$224M
Operating Expenses	$2.0B
Cost & Expenses	$17.7B
OPERATING INCOME	$1.9B
Interest Income	$0
Interest Expense	$264M
Other Income/Expenses	-$329M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$227M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$168M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$504M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$1.1B
Change in Working Capital	-$1.0B
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$675M
Acquisitions (Net)	-$436M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$904M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$478M
Other Financing Activities	$78M
NET CASH FROM FINANCING	-$859M
FREE CASH FLOW	$1.2B
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.7B
Short-Term Investments	$0
Net Receivables	$4.0B
Inventory	$6.8B
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$16.9B
PP&E (Net)	$13.5B
Goodwill	$6.6B
Intangible Assets	$2.4B
Long-Term Investments	$49M
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$24.8B
TOTAL ASSETS	$41.8B
Account Payables	$6.1B
Short-Term Debt	$2.9B
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$12.0B
Long-Term Debt	$16.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$32.1B
Common Stock	$4.7B
Additional Paid-In Capital	$43M
Retained Earnings	$2.7B
Treasury Stock	-$612M
Accum. Other Comp. Income	$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.9B
Minority Interest	$741M
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$41.8B
Total Debt	$20.9B
Net Debt	$16.2B