BRF S.A. (BRFS)

BRF S.A. Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	53,615	53,805	48,343	39,470	33,447
Revenue Growth (YoY)	-0.35%	11.30%	22.48%	18.01%	10.79%
Cost of Revenue	44,782	45,672	38,651	30,505	25,491
Gross Profit	8,834	8,133	9,693	8,964	7,956
Selling, General & Admin	8,212	7,712	6,881	6,134	5,676
Other Operating Expenses	-217.7	558.04	-198.46	-221.19	-470.24
Operating Expenses	7,994	8,270	6,683	5,913	5,206
Operating Income	839.41	-137.37	3,010	3,051	2,750
Interest Expense / Income	2,821	2,669	3,045	1,699	1,865
Other Expense / Income	162.97	23.7	17.93	6.51	12.76
Pretax Income	-2,144.41	-2,829.82	-52.72	1,346	871.92
Income Tax	-115.85	285.63	-552.1	-172.76	-195.4
Net Income	-2,028.56	-3,115.46	499.39	1,518	1,067
Net Income Growth	-	-	-67.11%	42.27%	-
Shares Outstanding (Basic)	1,360	1,053	808	807	812
Shares Outstanding (Diluted)	1,360	1,053	808	807	814
Shares Change	29.23%	30.32%	0.03%	-0.79%	0.32%
EPS (Basic)	-1.49	-2.96	0.62	1.88	1.32
EPS (Diluted)	-1.49	-2.96	0.62	1.88	1.31
EPS Growth	-	-	-67.02%	43.51%	-
Free Cash Flow	180.23	-419.03	1,656	3,191	5,000
Free Cash Flow Per Share	0.13	-0.40	2.05	3.95	6.16
Gross Margin	16.48%	15.12%	20.05%	22.71%	23.79%
Operating Margin	1.57%	-0.26%	6.23%	7.73%	8.22%
Profit Margin	-3.78%	-5.79%	1.03%	3.85%	3.19%
Free Cash Flow Margin	0.34%	-0.78%	3.43%	8.09%	14.95%
Effective Tax Rate	-	-	-	-12.84%	-22.41%
EBITDA	3,901	2,831	5,738	5,439	5,039
EBITDA Margin	7.28%	5.26%	11.87%	13.78%	15.06%
Depreciation & Amortization	3,225	2,992	2,746	2,394	2,301
EBIT	676.43	-161.07	2,992	3,045	2,737
EBIT Margin	1.26%	-0.30%	6.19%	7.71%	8.18%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).