Sociedad Quimica y Minera de Chile SA ADR B (SQM) financial statements
Sociedad Quimica y Minera de Chile SA ADR B reported revenue of $4.5B in fiscal 2024, up 11.3% a year over 9 years.
Net income was $685M and the operating margin 23.5%, against 21.3% in 2015.
Free cash flow was $303M, and the company returned $67M in dividends.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sociedad Quimica y Minera de Chile SA ADR B's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.2B | $2.3B | $1.9B | $1.8B | $2.9B | $10.7B | $7.5B | $4.5B |
| Cost of revenue | $1.2B | $1.3B | $1.4B | $1.5B | $1.4B | $1.3B | $1.8B | $5.0B | $4.4B | $3.2B |
| Gross profit | $543M | $611M | $763M | $780M | $560M | $483M | $1.1B | $5.7B | $3.1B | $1.3B |
| Research and development | — | — | — | $2 | $2 | — | — | — | — | — |
| Selling, general and admin | $87M | $88M | $101M | $118M | $117M | $107M | $119M | $143M | $176M | $186M |
| Operating income | $369M | $449M | $618M | $667M | $434M | $303M | $927M | $5.5B | $2.8B | $1.1B |
| Interest expense | -$70M | $57M | $82M | $58M | $77M | $82M | $85M | $87M | $138M | $198M |
| Pre-tax income | $308M | $415M | $595M | $621M | $391M | $239M | $841M | $5.5B | $2.8B | $974M |
| Income tax | $84M | $133M | $166M | $179M | $110M | $70M | $249M | $1.6B | $1.9B | $283M |
| Net income | $220M | $278M | $428M | $440M | $278M | $165M | $585M | $3.9B | $923M | $685M |
| EPS (diluted) | $0.84 | $1.06 | $1.62 | $1.67 | $1.67 | $0.63 | $2.10 | $13.68 | $3.23 | $2.40 |
| Diluted shares | 263M | 263.20B | 263.20B | 263.20B | 263.20B | 263M | 278M | 286M | 286M | 286M |
| Gross margin | 31.4% | 31.5% | 35.3% | 34.4% | 28.8% | 26.6% | 38.1% | 53.6% | 41.2% | 29.3% |
| Operating margin | 21.3% | 23.1% | 28.6% | 29.4% | 22.3% | 16.6% | 32.4% | 51.6% | 38.1% | 23.5% |
| Net margin | 12.7% | 14.3% | 19.8% | 19.4% | 14.3% | 9.1% | 20.5% | 36.5% | 12.4% | 15.1% |
Balance sheet
Fiscal years, from Sociedad Quimica y Minera de Chile SA ADR B's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $527M | $799M | $991M | $556M | $589M | $509M | $1.5B | $2.7B | $1.0B | $1.4B |
| Receivables | — | $369M | $447M | $467M | $399M | $365M | $654M | $1.1B | $907M | $606M |
| Inventory | $1.0B | $993M | $902M | $914M | $983M | $1.1B | $1.2B | $1.8B | $1.8B | $1.7B |
| Total current assets | — | $153M | $2.5B | $2.4B | $2.7B | $2.6B | $4.6B | $7.0B | $5.9B | $5.6B |
| Property, plant and equipment | $1.7B | $1.5B | $1.4B | $1.5B | $1.6B | $1.7B | $2.0B | $2.7B | $3.6B | $4.4B |
| Goodwill | $38M | $38M | $38M | $35M | $35M | $42M | $35M | $967,000 | $958,000 | $948,000 |
| Total assets | $4.6B | $4.2B | $4.3B | $4.3B | $4.7B | $4.8B | $7.2B | $10.8B | $10.8B | $11.5B |
| Total current liabilities | — | $580M | $748M | $556M | $777M | $476M | $992M | $3.1B | $2.5B | $2.2B |
| Long-term debt | — | -$1.1B | $0 | $69M | $69M | — | — | — | — | — |
| Total liabilities | $2.2B | $1.9B | $2.0B | $2.1B | $2.5B | $2.7B | $4.0B | $5.9B | $6.3B | $6.3B |
| Shareholders' equity | $2.4B | $2.2B | $2.2B | $2.1B | $2.1B | $2.1B | $3.2B | $4.9B | $4.4B | $5.2B |
| Net debt | -$527M | -$1.7B | -$467M | -$487M | -$519M | -$509M | -$1.5B | -$2.7B | -$1.0B | -$1.4B |
Cash flow
Fiscal years, from Sociedad Quimica y Minera de Chile SA ADR B's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $427M | $634M | $758M | $525M | $427M | $182M | $823M | $4.1B | -$197M | $1.3B |
| Capital spending | $111M | $133M | $142M | $319M | $324M | $323M | $465M | $905M | $1.1B | $972M |
| Free cash flow | $316M | $500M | $616M | $206M | $103M | -$141M | $358M | $3.2B | -$1.3B | $303M |
| Dividends paid | $127M | $399M | $374M | $550M | $330M | $222M | $572M | $2.2B | $1.5B | $67M |
| Net borrowing | -$190M | -$517M | -$181M | -$213M | -$7M | -$264M | -$15M | -$13M | -$531M | -$1.8B |
| Free cash flow margin | 18.3% | 25.8% | 28.6% | 9.1% | 5.3% | -7.7% | 12.5% | 29.6% | -17.4% | 6.7% |
| Dividends per share | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $2.06 | $7.84 | $5.15 | $0.24 |
Questions
What was Sociedad Quimica y Minera de Chile SA ADR B's revenue in 2024?
$4.5B in fiscal 2024, from its 10-K filing.
How much free cash flow does Sociedad Quimica y Minera de Chile SA ADR B generate?
$303M in fiscal 2024 (operating cash flow minus capital spending).
From Sociedad Quimica y Minera de Chile SA ADR B's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.