SID FY 2018 Earnings Report — Companhia Siderúrgica Nacional Revenue & Financial Results | Market Cap Arena

Companhia Siderúrgica NacionalSID

FY 2018 Earnings

Reported April 4, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.6B	—	—	—	—
Op. Income	$906M	—	—	—	—
Gross Margin	29.9%	—	—	—	—
Net Margin	22.6%	—	—	—	—
EPS (Diluted)	$0.76	—	—	—	—
Free Cash Flow	$179M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.4B
R&D Expenses	$7M
Selling & Marketing	$455M
General & Administrative	$95M
SG&A Expenses	$550M
Other Expenses	$1M
Operating Expenses	$11M
Cost & Expenses	$3.3B
OPERATING INCOME	$906M
Interest Income	$22M
Interest Expense	$405M
Other Income/Expenses	$170M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$50M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$269M
EBIT	$1.5B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.4B
R&D Expenses	$7M
Selling & Marketing	$455M
General & Administrative	$95M
SG&A Expenses	$550M
Other Expenses	$1M
Operating Expenses	$11M
Cost & Expenses	$3.3B
OPERATING INCOME	$906M
Interest Income	$22M
Interest Expense	$405M
Other Income/Expenses	$170M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$50M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$269M
EBIT	$1.5B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$269M
Stock-Based Compensation	$0
Deferred Income Tax	-$568M
Other Non-Cash Items	-$189M
Change in Working Capital	$154M
OPERATING CASH FLOW	$445M
Capital Expenditure	-$266M
Acquisitions (Net)	$337M
Purchases of Investments	-$78M
Sales/Maturities of Investments	$8M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	-$579M
Common Stock Repurchased	$0
Common Dividends Paid	-$101M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	-$656M
FREE CASH FLOW	$179M
Net Change in Cash	-$234M

Balance Sheet

Item	Amount
Cash & Equivalents	$453M
Short-Term Investments	$180M
Net Receivables	$428M
Inventory	$1.0B
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$3.6B
Goodwill	$723M
Intangible Assets	$738M
Long-Term Investments	$1.1B
Tax Assets	$18M
Other Non-Current Assets	$865M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$9.5B
Account Payables	$700M
Short-Term Debt	$1.1B
Deferred Revenue	$28M
Other Current Liabilities	$112M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$259M
Other Non-Current Liabilities	$544M
TOTAL NON-CURRENT LIABILITIES	$5.2B
TOTAL LIABILITIES	$7.5B
Common Stock	$915M
Additional Paid-In Capital	$915M
Retained Earnings	$629M
Treasury Stock	-$12M
Accum. Other Comp. Income	$839M
Other Equity	-$285M
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$264M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$9.5B
Total Debt	$5.8B
Net Debt	$5.4B