LND FY 2023 Earnings Report — BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Revenue & Financial Results | Market Cap Arena

BrasilAgro - Companhia Brasileira de Propriedades AgrícolasLND

FY 2023 Earnings

Reported October 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$242M	—	$276M	—	-12.2%
Op. Income	$56M	—	$139M	—	-60.0%
Gross Margin	32.8%	—	56.7%	—	-23.9pp
Net Margin	22.3%	—	38.0%	—	-15.6pp
EPS (Diluted)	$0.53	—	$1.05	—	-49.9%
Free Cash Flow	$19M	—	$31M	—	-38.5%

Revenue Flow

Item	Amount
REVENUE	$242M
Cost of Revenue	$163M
GROSS PROFIT	$79M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$12M
SG&A Expenses	$19M
Other Expenses	$5M
Operating Expenses	$24M
Cost & Expenses	$187M
OPERATING INCOME	$56M
Interest Income	$10M
Interest Expense	$10M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$57M
Income Tax Expense	$3M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$18M
EBIT	$67M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$242M
Cost of Revenue	$163M
GROSS PROFIT	$79M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$12M
SG&A Expenses	$19M
Other Expenses	$5M
Operating Expenses	$24M
Cost & Expenses	$187M
OPERATING INCOME	$56M
Interest Income	$10M
Interest Expense	$10M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$57M
Income Tax Expense	$3M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$18M
EBIT	$67M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$18M
Stock-Based Compensation	$1M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$79M
Change in Working Capital	$45M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$12M
Acquisitions (Net)	$980.1K
Purchases of Investments	-$23M
Sales/Maturities of Investments	$23M
Other Investing Activities	$22M
NET CASH FROM INVESTING	$11M
Net Debt Issuance	$18M
Common Stock Repurchased	$0
Common Dividends Paid	-$64M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$53M
FREE CASH FLOW	$19M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$77M
Short-Term Investments	$6M
Net Receivables	$83M
Inventory	$87M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$272M
PP&E (Net)	$64M
Goodwill	$0
Intangible Assets	$386.2K
Long-Term Investments	$522.0K
Tax Assets	$6M
Other Non-Current Assets	$364M
TOTAL NON-CURRENT ASSETS	$435M
TOTAL ASSETS	$707M
Account Payables	$12M
Short-Term Debt	$40M
Deferred Revenue	$5M
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$127M
Long-Term Debt	$72M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$137M
TOTAL LIABILITIES	$264M
Common Stock	$320M
Additional Paid-In Capital	$0
Retained Earnings	$125M
Treasury Stock	-$10M
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$443M
Minority Interest	$0
TOTAL EQUITY	$443M
TOTAL LIABILITIES & EQUITY	$707M
Total Debt	$176M
Net Debt	$98M