UGP FY 2010 Earnings Report — Ultrapar Participações S.A. Revenue & Financial Results | Market Cap Arena

Ultrapar Participações S.A.UGP

FY 2010 Earnings

Reported December 30, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$8.6B	—	$12.7B	—	-32.6%
Op. Income	$267M	—	$322M	—	-17.1%
Gross Margin	7.4%	—	7.5%	—	-0.1pp
Net Margin	1.8%	—	1.3%	—	0.5pp
EPS (Diluted)	$0.15	—	$0.13	—	14.3%
Free Cash Flow	$121M	—	$395M	—	-69.4%

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$7.9B
GROSS PROFIT	$636M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$153M
SG&A Expenses	$388M
Other Expenses	-$18M
Operating Expenses	$370M
Cost & Expenses	$8.3B
OPERATING INCOME	$267M
Interest Income	$54M
Interest Expense	$107M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$214M
Income Tax Expense	$59M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$154M
D&A	$107M
EBIT	$307M
EBITDA	$416M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$7.9B
GROSS PROFIT	$636M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$153M
SG&A Expenses	$388M
Other Expenses	-$18M
Operating Expenses	$370M
Cost & Expenses	$8.3B
OPERATING INCOME	$267M
Interest Income	$54M
Interest Expense	$107M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$214M
Income Tax Expense	$59M
Net Income from Continuing Ops	$154M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$154M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$154M
D&A	$107M
EBIT	$307M
EBITDA	$416M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$154M
Depreciation & Amortization	$107M
Stock-Based Compensation	$0
Deferred Income Tax	$27M
Other Non-Cash Items	$192.8K
Change in Working Capital	-$53M
OPERATING CASH FLOW	$304M
Capital Expenditure	-$183M
Acquisitions (Net)	$7M
Purchases of Investments	-$26M
Sales/Maturities of Investments	$7M
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$182M
Net Debt Issuance	$149M
Common Stock Repurchased	$0
Common Dividends Paid	-$68M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$121M
Net Change in Cash	$152M

Balance Sheet

Item	Amount
Cash & Equivalents	$532M
Short-Term Investments	$112M
Net Receivables	$421M
Inventory	$228M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$807M
Goodwill	$144M
Intangible Assets	$127M
Long-Term Investments	$6M
Tax Assets	$11M
Other Non-Current Assets	$220M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.6B
Account Payables	$190M
Short-Term Debt	$164M
Deferred Revenue	$3M
Other Current Liabilities	$57M
TOTAL CURRENT LIABILITIES	$507M
Long-Term Debt	$922M
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$94M
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$0
Additional Paid-In Capital	$2M
Retained Earnings	$308M
Treasury Stock	-$24M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$4M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.1B
Net Debt	$555M