CEMEX 2015 ANNUAL REPORT
ESPAÑOL FINANCIAL HIGHLIGHTS LETTER TO OUR STOCKHOLDERS

Financial highlights

In millions of US dollars1, except earnings (loss) per ADS

 
Net sales3
(billions of US dollars)
 
Operating earnings before other expenses, net3
(billions of US dollars)
 
Total assets3
(billions of US dollars)
  2015 2014 %
Net sales 14,127 15,288 (8%)
Operating earnings before other expenses, net 1,674 1,637 2%
Operating EBITDA 2,636 2,696 (2%)
Controlling interest net income (loss) 75 (507) n/a
Earnings (Loss) per ADS2 0.06 (0.39) n/a
Free cash flow after maintenance capital
expenditures
881 401 120%
Total assets 31,472 34,936 (10%)
Total debt and perpetual notes 15,327 16,291 (6%)
Total controlling stockholders’ equity 8,327 8,894 (6%)
 
  1. For the reader´s convenience, figures are presented in US dollars. For statements of operations accounts, these figures result from translating the local currency amounts into US dollars at the average exchange rate for the year, which approximates a convenience translation of the Mexican peso results for 2015 and 2014 using the average exchange rates of the year of 15.98 MXN/US$ and 13.37 MXN/US$, respectively. For balance sheet accounts, US dollar figures result from translating the local currency amounts into US dollars at the closing exchange rate for the year, which approximates a convenience translation of the Mexican peso amounts at the end of each year using the end-of-year exchange rate of 17.23 MXN/US$ and 14.74 MXN/US$, respectively.
  2. Based on an average of 1,353 and 1,256 million American Depositary Shares (ADSs) for 2015 and 2014, respectively.
  3. 2015, 2014, 2013, 2012, 2011, and 2010 figures are under IFRS, click here for further details.