UGP FY 2013 Earnings Report — Ultrapar Participações S.A. Revenue & Financial Results | Market Cap Arena

Ultrapar Participações S.A.UGP

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$12.3B	—	—	—	—
Op. Income	$432M	—	—	—	—
Gross Margin	7.8%	—	—	—	—
Net Margin	2.0%	—	—	—	—
EPS (Diluted)	$0.10	—	—	—	—
Free Cash Flow	$185M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$11.3B
GROSS PROFIT	$962M
R&D Expenses	$7M
Selling & Marketing	$354M
General & Administrative	$204M
SG&A Expenses	$558M
Other Expenses	-$18M
Operating Expenses	$538M
Cost & Expenses	$11.9B
OPERATING INCOME	$432M
Interest Income	$48M
Interest Expense	$98M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$249M
Income Tax Expense	$1M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$157M
EBIT	$461M
EBITDA	$619M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$11.3B
GROSS PROFIT	$962M
R&D Expenses	$7M
Selling & Marketing	$354M
General & Administrative	$204M
SG&A Expenses	$558M
Other Expenses	-$18M
Operating Expenses	$538M
Cost & Expenses	$11.9B
OPERATING INCOME	$432M
Interest Income	$48M
Interest Expense	$98M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$249M
Income Tax Expense	$1M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$157M
EBIT	$461M
EBITDA	$619M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$248M
Depreciation & Amortization	$157M
Stock-Based Compensation	$2M
Deferred Income Tax	$18M
Other Non-Cash Items	$125M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$427M
Capital Expenditure	-$243M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$259M
Net Debt Issuance	$137M
Common Stock Repurchased	$0
Common Dividends Paid	-$143M
Other Financing Activities	-$111M
NET CASH FROM FINANCING	-$117M
FREE CASH FLOW	$185M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$459M
Short-Term Investments	$232M
Net Receivables	$564M
Inventory	$321M
Other Current Assets	$101M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$1.4B
Goodwill	$160M
Intangible Assets	$277M
Long-Term Investments	$67M
Tax Assets	$76M
Other Non-Current Assets	-$288M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.3B
Account Payables	$195M
Short-Term Debt	$368M
Deferred Revenue	$4M
Other Current Liabilities	$109M
TOTAL CURRENT LIABILITIES	$758M
Long-Term Debt	$1.0B
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$115M
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.0B
Common Stock	$745M
Additional Paid-In Capital	$745M
Retained Earnings	$578M
Treasury Stock	-$23M
Accum. Other Comp. Income	$551M
Other Equity	-$1.3B
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$5M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.4B
Net Debt	$946M