UGP FY 2017 Earnings Report — Ultrapar Participações S.A. Revenue & Financial Results | Market Cap Arena

Ultrapar Participações S.A.UGP

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.1B	—	—	—	—
Op. Income	$578M	—	—	—	—
Gross Margin	9.1%	—	—	—	—
Net Margin	2.0%	—	—	—	—
EPS (Diluted)	$0.29	—	—	—	—
Free Cash Flow	$43M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.7B
GROSS PROFIT	$1.5B
R&D Expenses	$11M
Selling & Marketing	$581M
General & Administrative	$318M
SG&A Expenses	$899M
Other Expenses	-$48M
Operating Expenses	$851M
Cost & Expenses	$15.5B
OPERATING INCOME	$578M
Interest Income	$117M
Interest Expense	$214M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$486M
Income Tax Expense	$169M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$317M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$142M
EBIT	$683M
EBITDA	$841M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$14.7B
GROSS PROFIT	$1.5B
R&D Expenses	$11M
Selling & Marketing	$581M
General & Administrative	$318M
SG&A Expenses	$899M
Other Expenses	-$48M
Operating Expenses	$851M
Cost & Expenses	$15.5B
OPERATING INCOME	$578M
Interest Income	$117M
Interest Expense	$214M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$486M
Income Tax Expense	$169M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$317M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$142M
EBIT	$683M
EBITDA	$841M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$317M
Depreciation & Amortization	$237M
Stock-Based Compensation	$3M
Deferred Income Tax	-$17M
Other Non-Cash Items	$172M
Change in Working Capital	-$83M
OPERATING CASH FLOW	$459M
Capital Expenditure	-$416M
Acquisitions (Net)	$9M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$12M
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$385M
Net Debt Issuance	$412M
Common Stock Repurchased	$0
Common Dividends Paid	-$189M
Other Financing Activities	-$154M
NET CASH FROM FINANCING	$69M
FREE CASH FLOW	$43M
Net Change in Cash	$147M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$259M
Net Receivables	$1.1B
Inventory	$703M
Other Current Assets	$281M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$1.3B
Goodwill	$318M
Intangible Assets	$433M
Long-Term Investments	$47M
Tax Assets	$110M
Other Non-Current Assets	$408M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$5.7B
Account Payables	$449M
Short-Term Debt	$705M
Deferred Revenue	$4M
Other Current Liabilities	$122M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$2.0B
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$181M
Other Non-Current Liabilities	$296M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.8B
Common Stock	$1.0B
Additional Paid-In Capital	$1.0B
Retained Earnings	$764M
Treasury Stock	-$97M
Accum. Other Comp. Income	$912M
Other Equity	-$1.8B
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$68M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$2.7B
Net Debt	$1.7B