UGP FY 2008 Earnings Report — Ultrapar Participações S.A. Revenue & Financial Results | Market Cap Arena

Ultrapar Participações S.A.UGP

FY 2008 Earnings

Reported December 30, 2008

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	$5.7B	—	$4.0B	—	41.9%
Op. Income	$144M	—	$98M	—	46.8%
Gross Margin	7.5%	—	8.5%	—	-1.0pp
Net Margin	1.4%	—	0.9%	—	0.5pp
EPS (Diluted)	$0.07	—	$0.05	—	33.3%
Free Cash Flow	-$112M	—	-$40M	—	-182.6%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$5.3B
GROSS PROFIT	$426M
R&D Expenses	$0
Selling & Marketing	$118M
General & Administrative	$111M
SG&A Expenses	$229M
Other Expenses	$53M
Operating Expenses	$283M
Cost & Expenses	$5.6B
OPERATING INCOME	$144M
Interest Income	$51M
Interest Expense	$66M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$112M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$77M
EBIT	$188M
EBITDA	$264M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$5.3B
GROSS PROFIT	$426M
R&D Expenses	$0
Selling & Marketing	$118M
General & Administrative	$111M
SG&A Expenses	$229M
Other Expenses	$53M
Operating Expenses	$283M
Cost & Expenses	$5.6B
OPERATING INCOME	$144M
Interest Income	$51M
Interest Expense	$66M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$112M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$77M
EBIT	$188M
EBITDA	$264M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$77M
Stock-Based Compensation	$0
Deferred Income Tax	-$3M
Other Non-Cash Items	$144M
Change in Working Capital	-$138M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$187M
Acquisitions (Net)	-$85M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$262M
Net Debt Issuance	$22M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$80M
Other Financing Activities	$348M
NET CASH FROM FINANCING	$268M
FREE CASH FLOW	-$112M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$172M
Net Receivables	$372M
Inventory	$208M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$631M
Goodwill	$100M
Intangible Assets	$20M
Long-Term Investments	$1M
Tax Assets	$82M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$913M
TOTAL ASSETS	$1.9B
Account Payables	$124M
Short-Term Debt	$332M
Deferred Revenue	$91M
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$554M
Long-Term Debt	$403M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$450M
TOTAL LIABILITIES	$1.0B
Common Stock	$745M
Additional Paid-In Capital	$745M
Retained Earnings	$0
Treasury Stock	-$28M
Accum. Other Comp. Income	$2M
Other Equity	$218M
TOTAL STOCKHOLDERS' EQUITY	$937M
Minority Interest	$8M
TOTAL EQUITY	$945M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$5M
Net Debt	-$252M