CCSE:MPA Income Statement

Financials in millions VEF. Fiscal year is January - December.

Millions VEF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2013	FY 2012	FY 2011	FY 2010	FY 2008
Period Ending	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '08 Dec 31, 2008
Revenue	2,865	2,112	2,451	1,729	856.63
Revenue Growth (YoY)	35.66%	-13.84%	41.77%	101.81%	58.42%
Cost of Revenue	2,476	1,688	1,903	1,343	562.11
Gross Profit	388.6	423.5	547.82	385.29	294.52
Selling, General & Admin	361.1	278.94	258.79	172.77	79.89
Other Operating Expenses	4.07	-	-	-	6.04
Operating Expenses	365.16	278.94	258.79	172.77	85.92
Operating Income	23.44	144.56	289.03	212.52	208.6
Interest Expense	-121.15	-101.48	-95.4	-56.2	-21.13
Interest & Investment Income	2.57	0.81	1.57	1.93	0.94
Earnings From Equity Investments	-	-	-	-	-1.31
Currency Exchange Gain (Loss)	-12.54	-0.37	-1.05	-2.14	-0.08
Other Non Operating Income (Expenses)	186.99	77	95.32	-4.26	8.1
EBT Excluding Unusual Items	79.31	120.53	289.48	151.85	195.12
Gain (Loss) on Sale of Assets	-	140.49	2.32	0.17	0.43
Asset Writedown	-	-4.9	-	-	-
Other Unusual Items	-	-	-0.99	-	-
Pretax Income	79.31	256.12	290.81	153.21	195.55
Income Tax Expense	71.02	91.06	118.63	11.11	38.88
Earnings From Continuing Operations	8.28	165.06	172.18	142.1	156.67
Minority Interest in Earnings	0.39	0.02	-	-	-
Net Income	8.68	165.08	172.18	142.1	156.67
Net Income to Common	8.68	165.08	172.18	142.1	156.67
Net Income Growth	-94.74%	-4.12%	21.17%	-9.30%	265.26%
Shares Outstanding (Basic)	-	229	229	229	229
Shares Outstanding (Diluted)	-	229	229	229	229
Shares Change (YoY)	-	-	0.09%	-0.09%	12.68%
EPS (Basic)	-	0.72	0.75	0.62	0.68
EPS (Diluted)	-	0.72	0.75	0.62	0.68
EPS Growth	-	-4.05%	20.97%	-9.21%	224.15%
Free Cash Flow	452.48	178.28	-6.07	90.1	127.74
Free Cash Flow Per Share	-	0.78	-0.03	0.39	0.56
Dividend Per Share	-	0.300	0.610	-	-
Dividend Growth	-	-50.82%	-	-	-
Gross Margin	13.56%	20.05%	22.35%	22.29%	34.38%
Operating Margin	0.82%	6.84%	11.79%	12.29%	24.35%
Profit Margin	0.30%	7.82%	7.03%	8.22%	18.29%
Free Cash Flow Margin	15.79%	8.44%	-0.25%	5.21%	14.91%
EBITDA	100.26	180.36	320.24	236.18	226.54
EBITDA Margin	3.50%	8.54%	13.07%	13.66%	26.45%
D&A For EBITDA	76.82	35.8	31.21	23.66	17.94
EBIT	23.44	144.56	289.03	212.52	208.6
EBIT Margin	0.82%	6.84%	11.79%	12.29%	24.35%
Effective Tax Rate	89.55%	35.55%	40.79%	7.25%	19.88%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.