TX FY 2008 Earnings Report — Ternium S.A. Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported June 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$8.5B	—	—	—	—
Op. Income	$1.7B	—	—	—	—
Gross Margin	27.6%	—	—	—	—
Net Margin	8.5%	—	—	—	—
EPS (Diluted)	$3.60	—	—	—	—
Free Cash Flow	-$70M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$669M
Other Expenses	$10M
Operating Expenses	$680M
Cost & Expenses	$6.8B
OPERATING INCOME	$1.7B
Interest Income	$32M
Interest Expense	$136M
Other Income/Expenses	-$795M
INCOME BEFORE TAX	$881M
Income Tax Expense	$163M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$157M
NET INCOME	$715M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$715M
D&A	$414M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$669M
Other Expenses	$10M
Operating Expenses	$680M
Cost & Expenses	$6.8B
OPERATING INCOME	$1.7B
Interest Income	$32M
Interest Expense	$136M
Other Income/Expenses	-$795M
INCOME BEFORE TAX	$881M
Income Tax Expense	$163M
Net Income from Continuing Ops	$718M
Net Income from Discontinued Ops	$0
Other Adjustments	$157M
NET INCOME	$715M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$715M
D&A	$414M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$718M
Depreciation & Amortization	$414M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$457M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$518M
Capital Expenditure	-$588M
Acquisitions (Net)	$719M
Purchases of Investments	-$25M
Sales/Maturities of Investments	$588M
Other Investing Activities	-$343M
NET CASH FROM INVESTING	$351M
Net Debt Issuance	-$633M
Common Stock Repurchased	$0
Common Dividends Paid	-$100M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$753M
FREE CASH FLOW	-$70M
Net Change in Cash	-$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$1.4B
Net Receivables	$872M
Inventory	$1.8B
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$4.2B
Goodwill	$0
Intangible Assets	$1.1B
Long-Term Investments	$23M
Tax Assets	$0
Other Non-Current Assets	$120M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$10.7B
Account Payables	$439M
Short-Term Debt	$941M
Deferred Revenue	$810M
Other Current Liabilities	$161M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$0
Deferred Revenue NC	$90M
Deferred Tax Liabilities	$810M
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$5.1B
Common Stock	$2.0B
Additional Paid-In Capital	$0
Retained Earnings	$3.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$528M
Other Equity	-$2.3B
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$964M
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$3.3B
Net Debt	$2.2B