SID Q1 2021 Earnings Report — Companhia Siderúrgica Nacional Revenue & Financial Results | Market Cap Arena

Companhia Siderúrgica NacionalSID

Q1 2021 Earnings

Reported March 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$2.4B	—	$1.1B	—	123.3%
Op. Income	$1.0B	—	$107M	—	862.7%
Gross Margin	47.6%	—	24.7%	—	22.9pp
Net Margin	44.0%	—	-25.5%	—	69.5pp
EPS (Diluted)	$0.77	—	$-0.19	—	500.0%
Free Cash Flow	$621M	—	$23M	—	2622.1%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$10.9K
Selling & Marketing	$85M
General & Administrative	$27M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$112M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.0B
Interest Income	$1M
Interest Expense	$23M
Other Income/Expenses	$375M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$258M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$98M
EBIT	$996M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$10.9K
Selling & Marketing	$85M
General & Administrative	$27M
SG&A Expenses	$112M
Other Expenses	$0
Operating Expenses	$112M
Cost & Expenses	$1.4B
OPERATING INCOME	$1.0B
Interest Income	$1M
Interest Expense	$23M
Other Income/Expenses	$375M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$258M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$98M
EBIT	$996M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$98M
Stock-Based Compensation	$0
Deferred Income Tax	-$21M
Other Non-Cash Items	-$418M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$696M
Capital Expenditure	-$75M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$638M
Other Investing Activities	-$11M
NET CASH FROM INVESTING	$551M
Net Debt Issuance	-$679M
Common Stock Repurchased	$0
Common Dividends Paid	-$36M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$446M
FREE CASH FLOW	$621M
Net Change in Cash	$799M

Balance Sheet

Item	Amount
Cash & Equivalents	$497M
Short-Term Investments	$153M
Net Receivables	$197M
Inventory	$203M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$705M
Goodwill	$129M
Intangible Assets	$133M
Long-Term Investments	$261M
Tax Assets	$140M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.5B
Account Payables	$220M
Short-Term Debt	$133M
Deferred Revenue	$41M
Other Current Liabilities	$107M
TOTAL CURRENT LIABILITIES	$591M
Long-Term Debt	$1.1B
Deferred Revenue NC	$54M
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$99M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.9B
Common Stock	$216M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	-$2M
Accum. Other Comp. Income	$300M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$514M
Minority Interest	$103M
TOTAL EQUITY	$617M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$1.2B
Net Debt	$742M