TGS FY 2021 Earnings Report — Transportadora de Gas del Sur S.A. Revenue & Financial Results | Market Cap Arena

Transportadora de Gas del Sur S.A.TGS

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$380M	—	$118M	—	222.5%
Op. Income	$149M	—	$44M	—	240.7%
Gross Margin	45.1%	—	50.4%	—	-5.3pp
Net Margin	24.1%	—	5.9%	—	18.2pp
EPS (Diluted)	$0.10	—	$0.02	—	545.2%
Free Cash Flow	$90M	—	$44M	—	105.4%

Revenue Flow

Item	Amount
REVENUE	$380M
Cost of Revenue	$208M
GROSS PROFIT	$171M
R&D Expenses	$0
Selling & Marketing	$298.5K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$12M
Operating Expenses	$22M
Cost & Expenses	$231M
OPERATING INCOME	$149M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$42M
EBIT	$167M
EBITDA	$209M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$380M
Cost of Revenue	$208M
GROSS PROFIT	$171M
R&D Expenses	$0
Selling & Marketing	$298.5K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$12M
Operating Expenses	$22M
Cost & Expenses	$231M
OPERATING INCOME	$149M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$42M
EBIT	$167M
EBITDA	$209M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$56M
Other Non-Cash Items	-$24M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$90M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$90M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$19M
Net Receivables	$19M
Inventory	$2M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$50M
PP&E (Net)	$211M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$32M
Tax Assets	$33.3K
Other Non-Current Assets	$12.4K
TOTAL NON-CURRENT ASSETS	$242M
TOTAL ASSETS	$292M
Account Payables	$9M
Short-Term Debt	$774.7K
Deferred Revenue	$705.2K
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$28M
Long-Term Debt	$69M
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$95M
TOTAL LIABILITIES	$123M
Common Stock	$78M
Additional Paid-In Capital	-$2M
Retained Earnings	$29M
Treasury Stock	-$8M
Accum. Other Comp. Income	$72M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$169M
Minority Interest	$71
TOTAL EQUITY	$169M
TOTAL LIABILITIES & EQUITY	$292M
Total Debt	$74M
Net Debt	$68M