Cash flow EMBRAER S.A.

Equities

EMBR3

BREMBRACNOR4

Aerospace & Defense

Market Closed - Sao Paulo Other stock markets 16:07:47 2024-09-06 EDT			5-day change	1st Jan Change
47.83 ^BRL	-3.94%		+2.14%	+113.62%

09-04	TD Cowen Upgrades Embraer to Buy From Hold	MT
08-30	Exclusive-Embraer taps Oliver Wyman to help it in US defense market, eyeing C-390 sales	RE

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Published financial data: EMBRAER S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	10.47B	19.64B	22.67B	23.45B	26.11B
Total Revenues	10.47B	19.64B	22.67B	23.45B	26.11B
Cost of Goods Sold, Total	9.04B	17.23B	19.13B	18.74B	21.61B
Gross Profit	1.43B	2.41B	3.54B	4.71B	4.5B
Selling General & Admin Expenses, Total	1.14B	1.74B	2.05B	2.37B	2.59B
Provision for Bad Debts	-	294M	-70.92M	84.75M	-49M
R&D Expenses	78.44M	155M	233M	567M	453M
Other Operating Expenses	542M	1.56B	425M	1.93B	67.76M
Other Operating Expenses, Total	1.76B	3.75B	2.64B	4.95B	3.06B
Operating Income	-328M	-1.34B	901M	-241M	1.44B
Interest Expense, Total	-57.65M	-1.13B	-1.32B	-1.09B	-1.1B
Interest And Investment Income	364M	145M	158M	249M	596M
Net Interest Expenses	307M	-986M	-1.16B	-842M	-505M
Income (Loss) On Equity Invest.	-971K	12.71M	5.44M	41.76M	49.98M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-64.38M	-646M	334M	371M	-298M
EBT, Excl. Unusual Items	-86.81M	-2.96B	82.29M	-671M	686M
Restructuring Charges	-	-373M	-172M	-197M	-
Merger & Related Restructuring Charges	-	-	-	-60.56M	-
Gain (Loss) On Sale Of Investments	-	-	101M	33.18M	-136M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-294M	57.21M	6.77M	-69.67M	-812K
Legal Settlements	-18.21M	-21.31M	117M	-37.99M	11.04M
Other Unusual Items	-2.29M	-13.14M	-13.16M	-60.32M	-1.58M
EBT, Incl. Unusual Items	-401M	-3.31B	121M	-1.06B	559M
Income Tax Expense	446M	284M	389M	-15.4M	-225M
Earnings From Continuing Operations	-848M	-3.6B	-268M	-1.05B	784M
Earnings Of Discontinued Operations	-446M	-	-	-	-
Net Income to Company	-1.29B	-3.6B	-268M	-1.05B	784M
Minority Interest	-22.71M	-19.78M	-7.2M	93.56M	-796K
Net Income - (IS)	-1.32B	-3.62B	-275M	-954M	784M
Net Income to Common Incl Extra Items	-1.32B	-3.62B	-275M	-954M	784M
Net Income to Common Excl. Extra Items	-870M	-3.62B	-275M	-954M	784M
Per Share Items
Net EPS - Basic	-1.79	-4.91	-0.37	-1.3	1.07
Basic EPS - Continuing Operations	-1.18	-4.91	-0.37	-1.3	1.07
Basic Weighted Average Shares Outstanding	736M	736M	735M	735M	735M
Net EPS - Diluted	-1.79	-4.91	-0.37	-1.3	1.07
Diluted EPS - Continuing Operations	-1.18	-4.91	-0.37	-1.3	1.07
Diluted Weighted Average Shares Outstanding	736M	736M	735M	735M	735M
Normalized Basic EPS	-0.1	-2.54	0.06	-0.44	0.58
Normalized Diluted EPS	-0.1	-2.54	0.06	-0.44	0.58
Dividend Per Share	-	-	-	-	-
Payout Ratio	-0.55	-	-	-	8.51
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	88.77M	-517M	1.52B	235M	1.99B
EBITA	-320M	-1.32B	934M	-238M	1.44B
EBIT	-328M	-1.34B	901M	-241M	1.44B
EBITDAR	102M	-	-	340M	2.16B
Effective Tax Rate - (Ratio)	-111.17	-8.58	320.35	1.45	-40.35
Total Current Taxes	153M	-120M	169M	440M	538M
Total Deferred Taxes	293M	404M	220M	-455M	-763M
Normalized Net Income	-76.97M	-1.87B	44.23M	-326M	428M
Interest Capitalized	26.7M	4.78M	1.92M	-	-
Interest on Long-Term Debt	24.5M	22.08M	22.39M	27.48M	33.44M
Supplemental Operating Expense Items
Selling and Marketing Expenses	584M	1B	1.22B	1.42B	1.57B
General and Administrative Expenses	541M	739M	827M	954M	1.02B
Research And Development Expense From Footnotes	81.6M	155M	233M	567M	453M
Net Rental Expense, Total	13.29M	-	-	105M	169M
Imputed Operating Lease Interest Expense	1.12M	-	-	45.99M	94.37M
Imputed Operating Lease Depreciation	12.17M	-	-	59.2M	74.44M
Stock-Based Comp., Other (Total)	12.64M	-8.94M	12.59M	15.45M	-
Total Stock-Based Compensation	12.64M	-8.94M	12.59M	15.45M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.45B	9.79B	10.15B	9.48B	7.89B
Short Term Investments	-	2.67B	3.1B	1.96B	1.71B
Trading Asset Securities, Total	1.65B	1.58B	1.09B	622M	821M
Total Cash And Short Term Investments	5.1B	14.03B	14.34B	12.06B	10.41B
Accounts Receivable, Total	2.48B	3.52B	4.36B	3.96B	3.56B
Other Receivables	625M	853M	848M	951M	1.34B
Total Receivables	3.11B	4.38B	5.21B	4.91B	4.89B
Inventory	5.26B	12.83B	11.08B	12.15B	12.76B
Prepaid Expenses	73.38M	161M	184M	313M	241M
Other Current Assets, Total	21.01B	542M	1.98B	600M	1.01B
Total Current Assets	34.55B	31.95B	32.79B	30.04B	29.32B
Gross Property Plant And Equipment	8.23B	17.92B	17.75B	16.24B	15.98B
Accumulated Depreciation	-4.17B	-7.43B	-8B	-7.3B	-6.98B
Net Property Plant And Equipment	4.06B	10.49B	9.75B	8.94B	9B
Long-term Investments	92.8M	296M	391M	951M	960M
Goodwill	40.36M	113M	120M	116M	115M
Other Intangibles, Total	464M	1.18B	1.31B	328M	168M
Accounts Receivable Long-Term	54.98M	162M	125M	278M	291M
Deferred Tax Assets Long-Term	2.84M	543M	544M	251M	667M
Deferred Charges Long-Term	3.1B	9.5B	10.92B	11.28B	11B
Other Long-Term Assets, Total	254M	591M	714M	735M	684M
Total Assets	42.61B	54.81B	56.67B	52.92B	52.2B
Liabilities
Accounts Payable, Total	1.44B	2.61B	2.85B	4B	3.99B
Accrued Expenses, Total	222M	379M	229M	248M	206M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	76.07M	1.97B	3.2B	1.61B	615M
Current Portion of Leases	19.98M	59.38M	64.23M	62.37M	66.62M
Current Income Taxes Payable	172M	212M	399M	560M	947M
Unearned Revenue Current, Total	2.62B	5.37B	6.74B	7.68B	9.34B
Other Current Liabilities	21.18B	2.02B	2.31B	2.63B	2.58B
Total Current Liabilities	25.74B	12.62B	15.79B	16.79B	17.75B
Long-Term Debt	362M	21.21B	19.27B	15.1B	13.36B
Long-Term Leases	135M	277M	292M	308M	398M
Unearned Revenue Non Current	203M	1.66B	1.93B	2.7B	3.1B
Pension & Other Post Retirement Benefits	47.06M	145M	220M	188M	232M
Deferred Tax Liability Non Current	1.1B	2.47B	2.82B	1.93B	1.48B
Other Non Current Liabilities	461M	1.15B	864M	1.16B	1.18B
Total Liabilities	28.05B	39.54B	41.19B	38.18B	37.49B
Common Stock, Total	5.16B	5.16B	5.16B	5.16B	5.16B
Retained Earnings	2.6B	-1.02B	-1.42B	-2.38B	-1.59B
Treasury Stock	-75.45M	-73.62M	-87.1M	-87.1M	-87.1M
Comprehensive Income and Other	6.5B	10.62B	11.24B	10.7B	10.01B
Total Common Equity	14.18B	14.69B	14.89B	13.4B	13.49B
Minority Interest	391M	585M	597M	1.34B	1.22B
Total Equity	14.57B	15.27B	15.48B	14.74B	14.71B
Total Liabilities And Equity	42.61B	54.81B	56.67B	52.92B	52.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	736M	736M	735M	735M	735M
ECS Total Common Shares Outstanding	736M	736M	735M	735M	735M
Book Value / Share	19.26	19.95	20.26	18.24	18.36
Tangible Book Value	13.67B	13.4B	13.45B	12.95B	13.21B
Tangible Book Value Per Share	18.58	18.2	18.31	17.63	17.98
Total Debt	593M	23.52B	22.83B	17.08B	14.44B
Net Debt	-4.51B	9.49B	8.49B	5.02B	4.02B
Debt Equivalent Oper. Leases	106M	-	-	841M	1.35B
Minority Interest, Total (Incl. Fin. Div)	391M	585M	597M	1.34B	1.22B
Equity Method Investments, Total	32.65M	26.92M	24.65M	64.2M	136M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.11B	5.84B	4.83B	5.44B	5.67B
Inventories - Work In Process, Total	1.77B	3.28B	2.93B	3.59B	3.75B
Inventories - Finished Goods, Total	1.44B	4.26B	3.55B	3.22B	3.36B
Inventories - Others	324M	568M	614M	590M	595M
Land - (BS)	21.1M	57.67M	57.33M	53.6M	49.74M
Buildings, Total	1.85B	3.73B	3.67B	3.42B	3.23B
Machinery, Total	4.43B	9.06B	8.92B	7.9B	7.34B
Full Time Employees	18.73K	15.66K	15.43K	18.87K	19.18K
Accumulated Allowance for Doubtful Accounts (Supple)	44.77M	-	171M	-	-
Order Backlog	67.53B	74.78B	94.72B	92.52B	90.74B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.32B	-3.62B	-275M	-954M	784M
Depreciation & Amortization - CF	450M	860M	659M	551M	548M
Amortization of Goodwill and Intangible Assets - (CF)	7.87M	25.7M	33.11M	3.08M	4.18M
Depreciation & Amortization, Total	458M	886M	692M	554M	552M
Amortization of Deferred Charges, Total - (CF)	373M	663M	435M	532M	650M
Minority Interest in Earnings - (CF)	-	-	-	86.31M	-
(Gain) Loss From Sale Of Asset	110M	74.48M	173M	210M	-142M
(Gain) Loss on Sale of Investments - (CF)	-	-	-197M	-8.9M	26.08M
Asset Writedown & Restructuring Costs	413M	24.56M	-115M	58.87M	-
(Income) Loss On Equity Investments - (CF)	971K	-12.71M	-5.44M	-41.76M	-49.98M
Stock-Based Compensation (CF)	-	-	-	15.45M	-
Provision and Write-off of Bad Debts	-12.32M	170M	-68.26M	84.75M	-49M
Other Operating Activities, Total	22.66M	1.03B	-272M	1.44B	540M
Change In Accounts Receivable	254M	396M	-544M	400M	-62.3M
Change In Inventories	829M	141M	2.59B	-1.49B	-1.57B
Change In Accounts Payable	-172M	-1.56B	32.81M	1.27B	253M
Change in Unearned Revenues	745M	-709M	1.28B	2.26B	2.93B
Change In Income Taxes	18.54M	-265M	3.64M	-70.96M	-110M
Change in Other Net Operating Assets	2.03B	-3.73B	-876M	-508M	-916M
Cash from Operations	3.75B	-6.51B	2.85B	3.84B	2.83B
Capital Expenditure	-1.13B	-523M	-550M	-702M	-1.19B
Sale of Property, Plant, and Equipment	294K	59.16M	19.61M	28.32M	95.68M
Cash Acquisitions	-9.44M	-30.24M	-25.63M	-2.02M	-124M
Sale (Purchase) of Intangible assets	-1.12B	-629M	-906M	-617M	-955M
Investment in Marketable and Equity Securities, Total	3.85B	178M	665M	694M	188M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-297M
Other Investing Activities, Total	218K	2.5M	7.12M	4.45M	30.18M
Cash from Investing	1.59B	-943M	-790M	-595M	-2.25B
Long-Term Debt Issued, Total	1.53B	10.88B	338M	766M	9.93B
Total Debt Issued	1.53B	10.88B	338M	766M	9.93B
Long-Term Debt Repaid, Total	-2.56B	-5.64B	-2.7B	-4.93B	-11.63B
Total Debt Repaid	-2.56B	-5.64B	-2.7B	-4.93B	-11.63B
Issuance of Common Stock	8.57M	1.43M	-	-	46.9M
Repurchase of Common Stock	-	-	-13.48M	-	-
Common Dividends Paid	-7.3M	-	-	-	-66.65M
Common & Preferred Stock Dividends Paid	-7.3M	-	-	-	-66.65M
Other Financing Activities, Total	-	-	-	793M	-
Cash from Financing	-1.03B	5.24B	-2.38B	-3.37B	-1.72B
Foreign Exchange Rate Adjustments	26.97M	2.7B	791M	-659M	-454M
Net Change in Cash	4.34B	484M	474M	-787M	-1.6B
Supplemental Items
Cash Interest Paid	742M	893M	1.12B	948M	859M
Cash Income Tax Paid (Refund)	170M	448M	22.52M	260M	598M
Levered Free Cash Flow	441M	-4.68B	662M	2.02B	295M
Unlevered Free Cash Flow	477M	-3.97B	1.49B	2.7B	983M
Change In Net Working Capital	-2.09B	3.52B	-1.24B	-3.07B	-1.02B
Net Debt Issued / Repaid	-1.03B	5.24B	-2.37B	-4.17B	-1.7B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.47	-1.72	1.01	-0.28	1.71
Return on Total Capital	-0.89	-3.11	1.46	-0.43	2.95
Return On Equity %	-5.68	-24.1	-1.75	-6.93	5.33
Return on Common Equity	-5.99	-25.05	-1.87	-6.74	5.83
Margin Analysis
Gross Profit Margin %	13.67	12.25