Cash flow Dexco S.A.

Equities

DXCO3

BRDXCOACNOR8

Forest & Wood Products

Market Closed - Sao Paulo Other stock markets 04:07:48 2025-01-23 pm EST			5-day change	1st Jan Change
6.050 ^BRL	+0.83%		+3.95%	+1.51%

Jan. 02	Dexco S.A.(BOVESPA:DXCO3) dropped from Brazil IBRX Index	CI
Nov. 07	Dexco S.A., Q3 2024 Earnings Call, Nov 07, 2024

650a3306815.CgDCI030gSC4YFgH8eLIFTBlbci-JZ-BIGbBvdQ6uiw.S1mzej6OzU3cJR8_m4qlYwYJXpzEQ_DpFy312LVf3RpLSKcQKMG2U-ovEQ

Published financial data: DEXCO S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.01B	5.88B	8.17B	8.49B	7.38B
Total Revenues	5.01B	5.88B	8.17B	8.49B	7.38B
Cost of Goods Sold, Total	3.84B	4.14B	5.45B	6.16B	5.68B
Gross Profit	1.17B	1.74B	2.72B	2.33B	1.71B
Selling General & Admin Expenses, Total	945M	1.04B	1.23B	1.44B	1.43B
Stock-Based Compensation (IS)	4.45M	5.66M	9.76M	12.36M	11.38M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-5.26M	31.73M	11.53M	-8.35M	11.43M
Other Operating Expenses, Total	944M	1.07B	1.25B	1.44B	1.45B
Operating Income	224M	662M	1.47B	885M	257M
Interest Expense, Total	-212M	-147M	-186M	-676M	-766M
Interest And Investment Income	63.38M	45.83M	69.44M	199M	229M
Net Interest Expenses	-148M	-101M	-116M	-477M	-537M
Income (Loss) On Equity Invest.	-17.25M	-85.31M	-94.36M	54.59M	280M
Currency Exchange Gains (Loss)	9.6M	39.39M	21.86M	-32.56M	-148M
Other Non Operating Income (Expenses)	-21.6M	-75.15M	-52.72M	-40.15M	-28.84M
EBT, Excl. Unusual Items	46.67M	439M	1.23B	390M	-177M
Restructuring Charges	-13.28M	-1.55M	-52.52M	-46.2M	-123M
Merger & Related Restructuring Charges	-3.45M	-	-	-703K	-
Impairment of Goodwill	-7.95M	-12.94M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-15.53M	-7.76M
Gain (Loss) On Sale Of Assets	267M	-3.66M	-3.82M	-9.52M	16.08M
Asset Writedown	190M	121M	67.71M	582M	732M
Legal Settlements	-	-	750M	17.91M	311M
Other Unusual Items	-	-7.15M	-1.57M	-	-
EBT, Incl. Unusual Items	479M	535M	1.99B	918M	751M
Income Tax Expense	73.28M	80.76M	263M	153M	-60.02M
Earnings From Continuing Operations	406M	454M	1.73B	765M	811M
Net Income to Company	406M	454M	1.73B	765M	811M
Minority Interest	-163K	-171K	-275K	-9.06M	-21.67M
Net Income - (IS)	406M	454M	1.73B	756M	790M
Net Income to Common Incl Extra Items	406M	454M	1.73B	756M	790M
Net Income to Common Excl. Extra Items	406M	454M	1.73B	756M	790M
Per Share Items
Net EPS - Basic	0.49	0.54	2.26	0.93	0.98
Basic EPS - Continuing Operations	0.49	0.54	2.26	0.93	0.98
Basic Weighted Average Shares Outstanding	834M	835M	762M	817M	808M
Net EPS - Diluted	0.48	0.54	2.25	0.92	0.97
Diluted EPS - Continuing Operations	0.48	0.54	2.25	0.92	0.97
Diluted Weighted Average Shares Outstanding	842M	841M	767M	820M	811M
Normalized Basic EPS	0.03	0.33	1.01	0.29	-0.16
Normalized Diluted EPS	0.03	0.33	1	0.29	-0.16
Dividend Per Share	0.31	0.26	1.06	-	0.22
Payout Ratio	134.58	56.7	80.78	0.01	31.51
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	901M	1.24B	2.13B	1.67B	1.31B
EBITA	250M	688M	1.5B	910M	282M
EBIT	224M	662M	1.47B	885M	257M
EBITDAR	908M	1.24B	2.14B	1.68B	1.32B
Effective Tax Rate - (Ratio)	15.3	15.1	13.24	16.63	-7.99
Total Current Taxes	160M	105M	270M	114M	40.47M
Total Deferred Taxes	-86.33M	-23.76M	-7.05M	38.41M	-100M
Normalized Net Income	29M	274M	768M	235M	-132M
Interest on Long-Term Debt	2.32M	4.44M	5.63M	7.19M	10.56M
Non-Cash Pension Expense	-14.28M	14.69M	-2.36M	-12.24M	-1.83M
Supplemental Operating Expense Items
Advertising Expense	96.57M	91.27M	133M	131M	151M
Marketing Expenses	-	-	27.28M	-	-
Selling and Marketing Expenses	716M	781M	972M	1.1B	1.04B
General and Administrative Expenses	229M	256M	257M	339M	386M
Net Rental Expense, Total	7.26M	7.2M	7.79M	8.14M	11.07M
Imputed Operating Lease Interest Expense	3.85M	2.39M	2.95M	8.24M	9.5M
Imputed Operating Lease Depreciation	3.41M	4.81M	4.84M	-98.49K	1.58M
Stock-Based Comp., Other (Total)	4.45M	5.66M	9.76M	12.36M	11.38M
Total Stock-Based Compensation	4.45M	5.66M	9.76M	12.36M	11.38M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.24B	1.73B	1.42B	1.77B	2.79B
Total Cash And Short Term Investments	1.24B	1.73B	1.42B	1.77B	2.79B
Accounts Receivable, Total	1.14B	1.24B	1.43B	1.43B	1.16B
Other Receivables	232M	274M	305M	312M	354M
Total Receivables	1.37B	1.51B	1.74B	1.74B	1.51B
Inventory	853M	925M	1.43B	1.6B	1.4B
Other Current Assets, Total	50.72M	53.16M	71.62M	60.53M	58.4M
Total Current Assets	3.51B	4.22B	4.66B	5.17B	5.76B
Gross Property Plant And Equipment	9.65B	9.33B	9.99B	10.78B	12.23B
Accumulated Depreciation	-3.98B	-4.34B	-4.72B	-4.35B	-4.73B
Net Property Plant And Equipment	5.67B	4.99B	5.26B	6.43B	7.5B
Long-term Investments	127M	963M	1.35B	1.8B	2B
Goodwill	319M	324M	324M	432M	382M
Other Intangibles, Total	401M	407M	426M	446M	481M
Deferred Tax Assets Long-Term	332M	286M	295M	382M	688M
Other Long-Term Assets, Total	356M	305M	1.09B	963M	1.11B
Total Assets	10.71B	11.5B	13.42B	15.62B	17.92B
Liabilities
Accounts Payable, Total	638M	1.12B	1.7B	1.26B	1.19B
Accrued Expenses, Total	318M	392M	487M	442M	518M
Short-term Borrowings	46.39M	399M	2.72M	2.89M	2.78M
Current Portion of Long-Term Debt	827M	176M	849M	909M	1.23B
Current Portion of Leases	21.1M	22.75M	26.25M	37.72M	51.77M
Current Income Taxes Payable	56.69M	12.84M	15.5M	53.15M	33.4M
Unearned Revenue Current, Total	16.37M	16.94M	19.77M	37.93M	16.46M
Other Current Liabilities	225M	272M	269M	524M	567M
Total Current Liabilities	2.15B	2.41B	3.37B	3.26B	3.61B
Long-Term Debt	2.08B	2.63B	3.02B	4.9B	5.89B
Long-Term Leases	551M	340M	373M	566M	699M
Pension & Other Post Retirement Benefits	71.73M	50.1M	37.8M	36.28M	36.62M
Deferred Tax Liability Non Current	213M	144M	133M	206M	424M
Other Non Current Liabilities	720M	734M	751M	691M	737M
Total Liabilities	5.78B	6.31B	7.69B	9.66B	11.4B
Common Stock, Total	1.97B	1.97B	2.37B	3.37B	3.37B
Additional Paid In Capital	219M	219M	219M	219M	219M
Retained Earnings	2.19B	2.37B	2.43B	1.98B	2.28B
Treasury Stock	-23.05M	-13.74M	-103M	-378M	-140M
Comprehensive Income and Other	580M	641M	819M	679M	671M
Total Common Equity	4.93B	5.19B	5.73B	5.87B	6.4B
Minority Interest	1.3M	1.51M	1.33M	89.22M	118M
Total Equity	4.93B	5.19B	5.73B	5.96B	6.52B
Total Liabilities And Equity	10.71B	11.5B	13.42B	15.62B	17.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	835M	836M	830M	808M	808M
ECS Total Common Shares Outstanding	835M	836M	830M	808M	808M
Book Value / Share	5.91	6.21	6.91	7.27	7.92
Tangible Book Value	4.21B	4.46B	4.98B	4.99B	5.54B
Tangible Book Value Per Share	5.05	5.33	6	6.18	6.86
Total Debt	3.52B	3.57B	4.27B	6.42B	7.87B
Net Debt	2.28B	1.84B	2.85B	4.64B	5.09B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-597M	-613M	-593M	-167M	-179M
Debt Equivalent Oper. Leases	58.06M	57.58M	62.29M	65.1M	88.59M
Minority Interest, Total (Incl. Fin. Div)	1.3M	1.51M	1.33M	89.22M	118M
Equity Method Investments, Total	122M	-	-	-	97.24M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	267M	366M	563M	515M	405M
Inventories - Work In Process, Total	139M	165M	205M	215M	243M
Inventories - Finished Goods, Total	427M	324M	576M	800M	688M
Inventories - Others	126M	128M	155M	151M	124M
Land - (BS)	686M	720M	697M	701M	685M
Buildings, Total	1.29B	1.3B	1.29B	1.2B	1.18B
Machinery, Total	5.06B	5.33B	5.61B	5.34B	5.54B
Full Time Employees	11.71K	13.24K	14.23K	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	71.1M	72.62M	73.7M	52.83M	45.09M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	406M	454M	1.73B	756M	790M
Depreciation & Amortization - CF	686M	582M	676M	804M	1.1B
Amortization of Goodwill and Intangible Assets - (CF)	25.89M	26.1M	24.71M	24.71M	24.71M
Depreciation & Amortization, Total	711M	608M	700M	828M	1.12B
Amortization of Deferred Charges, Total - (CF)	8.29M	12.47M	11.96M	17.05M	44.64M
(Gain) Loss From Sale Of Asset	-267M	5.75M	-	-	-
Asset Writedown & Restructuring Costs	-117M	-104M	-129M	-598M	-769M
(Income) Loss On Equity Investments - (CF)	-	66.62M	68.61M	-54.59M	-280M
Provision and Write-off of Bad Debts	11.36M	25.05M	21.2M	16.88M	12.02M
Other Operating Activities, Total	72.03M	24.33M	-600M	485M	135M
Change In Accounts Receivable	206M	-116M	-216M	-13.13M	259M
Change In Inventories	43.11M	-23.36M	-540M	-267M	112M
Change In Accounts Payable	144M	509M	564M	-414M	-63.73M
Change In Income Taxes	83.44M	90.88M	49.45M	27.89M	33.82M
Change in Other Net Operating Assets	-193M	-44.17M	53.51M	9.05M	-49.16M
Cash from Operations	1.11B	1.51B	1.71B	794M	1.35B
Capital Expenditure	-429M	-433M	-797M	-1.15B	-1.17B
Sale of Property, Plant, and Equipment	539M	43.35M	29.7M	10.9M	29.76M
Cash Acquisitions	-274M	-	-102M	-116M	-
Sale (Purchase) of Intangible assets	-26.44M	-54.18M	-59.85M	-65.18M	-79.64M
Investment in Marketable and Equity Securities, Total	-72.21M	-522M	-139M	-321M	-84.38M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-263M	-966M	-1.07B	-1.64B	-1.3B
Long-Term Debt Issued, Total	1.21B	1.64B	913M	2.5B	2.46B
Total Debt Issued	1.21B	1.64B	913M	2.5B	2.46B
Long-Term Debt Repaid, Total	-1.43B	-1.46B	-372M	-998M	-1.07B
Total Debt Repaid	-1.43B	-1.46B	-372M	-998M	-1.07B
Issuance of Common Stock	2.98M	9.31M	-	-	-
Repurchase of Common Stock	-	-	-88.96M	-275M	-
Common Dividends Paid	-546M	-257M	-1.39B	-55K	-249M
Common & Preferred Stock Dividends Paid	-546M	-257M	-1.39B	-55K	-249M
Other Financing Activities, Total	-	-	-	-	-176M
Cash from Financing	-766M	-68.56M	-942M	1.23B	960M
Foreign Exchange Rate Adjustments	1.43M	11.73M	-4.3M	-31.34M	10.27M
Net Change in Cash	80.98M	485M	-307M	350M	1.01B
Supplemental Items
Cash Interest Paid	278M	112M	117M	438M	740M
Cash Income Tax Paid (Refund)	175M	194M	345M	51.46M	83.65M
Levered Free Cash Flow	384M	799M	599M	-566M	48.33M
Unlevered Free Cash Flow	516M	891M	715M	-143M	527M
Change In Net Working Capital	-108M	-338M	68.81M	341M	-438M
Net Debt Issued / Repaid	-223M	179M	540M	1.5B	1.39B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.39	3.72	7.38	3.81	0.96
Return on Total Capital	1.76	4.81	9.8	4.94	1.2
Return On Equity %	8.48	8.97	31.6	13.08	13
Return on Common Equity	8.48	8.97	31.6	13.03	12.86
Margin Analysis
Gross Profit Margin %	23.31	29.53	33.3	27.44	23.13
SG&A Margin	18.85	17.64	15.04	16.96	19.34
EBITDA Margin %	17.97	21.03	26.12	19.66	17.73
EBITA Margin %	4.99	11.7	18.3	10.72	3.82
EBIT Margin %	4.48	11.25	18	10.43	3.48
Income From Continuing Operations Margin %	8.1	7.72	21.12	9.01	10.99
Net Income Margin %	8.09	7.72	21.12	8.91	10.69
Net Avail. For Common Margin %	8.09	7.72	21.12	8.91	10.69
Normalized Net Income Margin	0.58	4.67	9.4	2.76	-1.79
Levered Free Cash Flow Margin	7.66	13.58	7.33	-6.66	0.65
Unlevered Free Cash Flow Margin	10.3	15.15	8.75	-1.69	7.14
Asset Turnover
Asset Turnover	0.5	0.53	0.66	0.58	0.44
Fixed Assets Turnover	0.96	1.1	1.59	1.45	1.06
Receivables Turnover (Average Receivables)	4.27	4.95	6.12	5.94	5.71
Inventory Turnover (Average Inventory)	4.66	4.66	4.62	4.05	3.77
Short Term Liquidity
Current Ratio	1.63	1.75	1.38	1.58	1.6
Quick Ratio	1.21	1.34	0.94	1.07	1.19
Operating Cash Flow to Current Liabilities	0.52	0.63	0.51	0.24	0.37
Days Sales Outstanding (Average Receivables)	85.55	73.91	59.63	61.41	63.91
Days Outstanding Inventory (Average Inventory)	78.37	78.53	78.96	90.03	96.73
Average Days Payable Outstanding	51.25	76.36	86.47	85.36	81.69
Cash Conversion Cycle (Average Days)	112.68	76.07	52.12	66.07	78.95
Long Term Solvency
Total Debt/Equity	71.42	68.77	74.45	107.61	120.73
Total Debt / Total Capital	41.66	40.75	42.68	51.83	54.7
LT Debt/Equity	53.28	57.25	59.15	91.68	101.07
Long-Term Debt / Total Capital	31.08	33.92