Cemex 2012 Annual Report Download - page 20

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Selected consolidated
financial information
CEMEX, S.A.B. de C.V. and subsidiaries, in millions of US dollars, except ADSs and per-ADS amounts
Operating results 2002 2003 2004 2005 2006 2007 2008 2009 2010A,B 2011A,B 2012A,B
Net sales 6,543 7,164 8,149 15,321 18,249 20,893 20,131 14,544 14,021 15,215 14,984
Cost of sales1,2 (3,656) (4,130) (4,586) (9,271) (11,649) (13,868) (13,735) (10,270) (10,090) (10,911) (10,548)
Gross profit 2,888 3,034 3,563 6,050 6,600 7,025 6,396 4,274 3,930 4,305 4,435
Operating expenses2 (1,577) (1,579) (1,711) (3,563) (3,655) (4,130) (4,069) (3,109) (3,083) (3,338) (3,127)
Operating earnings before other expenses, net 1,310 1,455 1,852 2,487 2,945 2,895 2,327 1,165 847 967 1,308
Other expenses, net (425) (474) (514) (316) (49) (273) (1,909) (407) (500) (437) (433)
Financial expense (333) (381) (372) (526) (494) (807) (910) (994) (1,164) (1,332) (1,394)
Other financial (expense) income, net3 4 114 505 765 462 900 (1,617) (117) (41) (177) 74
Income (loss) before income taxes 617 766 1,541 2,495 2,989 2,851 (2,031) (341) (897) (980) (445)
Discontinued operations4 - - - - - 26 187 (314) - - -
Non-controlling interest5,6,7 37 30 21 55 110 77 4 18 4 2 50
Controlling interest net income (loss) 520 629 1,307 2,112 2,378 2,391 203 104 (1,064) (1,986) (904)
Millions of ADSs outstanding8,9 608 648 678 704 733 751 849 998 1,104 1,109 1,117
Earnings (loss) per ADS9,10 0.87 1.00 1.96 3.05 3.31 3.21 0.24 0.11 (0.96) (1.78) (0.80)
Dividends per ADS8,9,11 0.52 0.51 0.61 0.60 0.90 0.83 n.a n.a n.a n.a n.a
Balance sheet information
Cash and cash equivalents 361 291 342 601 1,579 743 939 1,077 676 1,155 971
Net working capital12 699 576 525 1,268 887 1,383 1,191 946 1,512 1,697 1,530
Property, plant, and equipment, net 8,963 9,265 9,613 15,542 17,196 22,895 19,671 19,776 17,902 16,741 16,521
Total assets 15,934 16,016 17,381 26,763 29,972 49,662 45,387 44,483 40,848 38,800 37,258
Short-term debt and other financial obligations13 1,393 1,329 1,044 1,191 1,252 3,311 6,934 565 826 887 589
Long-term debt and other financial obligations13 4,374 4,537 4,887 8,287 6,290 16,542 11,849 15,565 16,214 16,976 16,378
Total liabilities 8,983 9,250 9,161 16,409 15,193 30,967 28,119 24,806 26,027 26,501 25,149
Non-controlling interest and perpetual debentures5,6,7 1,207 532 389 529 1,920 3,753 3,390 3,338 1,573 1,189 1,127
Total controlling stockholders’ equity 5,744 6,234 7,831 9,825 12,859 14,942 13,879 16,339 13,248 11,110 10,981
Total stockholders’ equity 6,951 6,766 8,220 10,354 14,779 18,695 17,268 19,677 14,821 12,300 12,109
Book value per ADS8,9 8.63 8.78 11.55 13.94 17.55 19.90 16.34 16.37 12.00 10.02 9.83
Other nancial data
Operating margin 20.0% 20.3% 22.7% 16.2% 16.1% 13.9% 11.6% 8.0% 6.0% 6.4% 8.7%
Operating EBITDA margin12 29.3% 29.4% 31.1% 23.2% 22.7% 21.6% 20.3% 18.3% 16.8% 15.6% 17.5%
Operating EBITDA12 1,917 2,108 2,538 3,557 4,138 4,512 4,080 2,657 2,355 2,372 2,615
Free cash flow after maintenance
capital expenditures12,14 948 1,143 1,478 2,198 2,689 2,455 2,600 1,215 455 191 169
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