Braskem SA (BAK) financial statements

Basic Materials · Chemicals · Market cap $676M

Braskem SA reported revenue of 77.4B BRL in fiscal 2024, up 5.7% a year over 9 years.

Net income was -11.3B BRL and the operating margin -1.4%, against 14.7% in 2015.

Free cash flow was -1.3B BRL, and the company returned 6M BRL in dividends.

The diluted share count fell 100% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (BRL).

-500501001502015201620172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in BRL, from Braskem SA's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Revenue46.9B BRL47.7B BRL49.3B BRL58.0B BRL52.3B BRL58.5B BRL105.6B BRL96.5B BRL70.6B BRL77.4B BRL
Cost of revenue36.7B BRL35.0B BRL36.2B BRL46.6B BRL45.9B BRL47.3B BRL73.6B BRL85.2B BRL67.5B BRL71.4B BRL
Gross profit10.2B BRL12.7B BRL13.1B BRL11.4B BRL6.4B BRL11.2B BRL32.1B BRL11.4B BRL3.0B BRL6.0B BRL
Research and development170M BRL162M BRL167M BRL219M BRL248M BRL251M BRL297M BRL374M BRL383M BRL463M BRL
Selling, general and admin-2.3B BRL-2.9B BRL3.1B BRL3.6B BRL-4.3B BRL-4.1B BRL-4.9B BRL-5.3B BRL4.4B BRL4.6B BRL
Operating income6.9B BRL6.0B BRL9.2B BRL8.3B BRL154M BRL-72M BRL26.0B BRL4.3B BRL-2.8B BRL-1.1B BRL
Interest expense2.1B BRL2.4B BRL2.2B BRL3.0B BRL3.9B BRL4.9B BRL4.9B BRL5.1B BRL5.6B BRL6.9B BRL
Pre-tax income4.4B BRL-140M BRL5.3B BRL3.6B BRL-4.6B BRL-9.7B BRL18.0B BRL47M BRL-6.2B BRL-17.7B BRL
Income tax1.7B BRL616M BRL1.4B BRL737M BRL-2.0B BRL-2.7B BRL4.0B BRL868M BRL-1.3B BRL-5.7B BRL
Net income3.0B BRL-411M BRL3.9B BRL2.8B BRL-2.5B BRL-6.7B BRL14.0B BRL-336M BRL-4.6B BRL-11.3B BRL
EPS (diluted)————-3.19 BRL-8.41 BRL17.57 BRL———
Diluted shares796.05B795M796M796M796M796M————
Gross margin21.7%26.6%26.6%19.7%12.3%19.2%30.3%11.8%4.3%7.7%
Operating margin14.7%12.5%18.7%14.3%0.3%-0.1%24.7%4.4%-4.0%-1.4%
Net margin6.4%-0.9%7.8%4.9%-4.9%-11.4%13.2%-0.3%-6.5%-14.6%

Balance sheet

Fiscal years, in BRL, from Braskem SA's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Cash and short-term investments7.0B BRL7.9B BRL6.1B BRL7.9B BRL8.5B BRL17.5B BRL12.2B BRL14.8B BRL19.1B BRL16.8B BRL
Receivables—1.6B BRL3.3B BRL3.1B BRL2.3B BRL4.7B BRL7.2B BRL3.2B BRL2.9B BRL3.6B BRL
Inventory—5.2B BRL6.6B BRL8.5B BRL7.6B BRL8.4B BRL16.3B BRL14.0B BRL12.5B BRL13.7B BRL
Total current assets—15.9B BRL17.4B BRL21.0B BRL23.4B BRL34.2B BRL39.3B BRL34.5B BRL37.4B BRL37.0B BRL
Property, plant and equipment—29.8B BRL29.8B BRL31.8B BRL32.3B BRL35.9B BRL37.2B BRL37.8B BRL38.4B BRL40.4B BRL
Total assets—51.8B BRL52.7B BRL58.8B BRL68.1B BRL86.1B BRL92.6B BRL88.0B BRL91.7B BRL101.6B BRL
Total current liabilities—22.9B BRL18.6B BRL22.8B BRL16.2B BRL28.4B BRL25.2B BRL24.2B BRL24.5B BRL28.3B BRL
Long-term debt—20.7B BRL22.2B BRL24.2B BRL28.2B BRL40.4B BRL33.6B BRL34.3B BRL40.2B BRL51.0B BRL
Total liabilities—50.1B BRL47.3B BRL53.2B BRL64.2B BRL89.9B BRL4.2B BRL3.0B BRL88.5B BRL105.9B BRL
Shareholders' equity945M BRL2.7B BRL6.3B BRL6.5B BRL4.9B BRL-2.2B BRL7.9B BRL7.3B BRL4.0B BRL-4.8B BRL
Net debt-7.0B BRL16.6B BRL19.6B BRL19.4B BRL30.7B BRL30.9B BRL37.1B BRL32.4B BRL36.5B BRL50.2B BRL

Cash flow

Fiscal years, in BRL, from Braskem SA's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Operating cash flow7.1B BRL4.5B BRL2.5B BRL9.3B BRL2.3B BRL6.3B BRL14.8B BRL9.0B BRL-2.3B BRL2.4B BRL
Capital spending3.3B BRL2.6B BRL2.3B BRL2.7B BRL2.7B BRL2.8B BRL3.4B BRL4.8B BRL4.5B BRL3.8B BRL
Free cash flow3.8B BRL1.9B BRL188M BRL6.5B BRL-417M BRL3.5B BRL11.4B BRL4.1B BRL-6.8B BRL-1.3B BRL
Dividends paid482M BRL2.0B BRL999M BRL1.5B BRL669M BRL2M BRL6.0B BRL1.4B BRL7M BRL6M BRL
Share buybacks (net)927,000 BRL—————————
Net borrowing-606M BRL-794M BRL-287M BRL-2.3B BRL3.2B BRL4.3B BRL-9.4B BRL2.6B BRL-922M BRL-3.9B BRL
Free cash flow margin8.0%3.9%0.4%11.3%-0.8%6.0%10.8%4.3%-9.6%-1.7%
Dividends per share0.00 BRL2.51 BRL1.25 BRL1.88 BRL0.84 BRL0.00 BRL————
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Questions

What was Braskem SA's revenue in 2024?

77.4B BRL in fiscal 2024, from its 10-K filing.

How much free cash flow does Braskem SA generate?

-1.3B BRL in fiscal 2024 (operating cash flow minus capital spending).

From Braskem SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.