AVAL FY 2009 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.5B	—	9.4%
Op. Income	$832M	—	$588M	—	41.6%
Gross Margin	61.2%	—	55.9%	—	5.3pp
Net Margin	10.9%	—	8.4%	—	2.4pp
EPS (Diluted)	$3.20	—	$2.28	—	40.7%
Free Cash Flow	-$258M	—	$360M	—	-171.7%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$632M
SG&A Expenses	$632M
Other Expenses	$210M
Operating Expenses	$842M
Cost & Expenses	$1.9B
OPERATING INCOME	$832M
Interest Income	$2.1B
Interest Expense	$796M
Other Income/Expenses	$0
INCOME BEFORE TAX	$832M
Income Tax Expense	$241M
Net Income from Continuing Ops	$591M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$297M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$297M
D&A	$69M
EBIT	$832M
EBITDA	$901M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$632M
SG&A Expenses	$632M
Other Expenses	$210M
Operating Expenses	$842M
Cost & Expenses	$1.9B
OPERATING INCOME	$832M
Interest Income	$2.1B
Interest Expense	$796M
Other Income/Expenses	$0
INCOME BEFORE TAX	$832M
Income Tax Expense	$241M
Net Income from Continuing Ops	$591M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$297M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$297M
D&A	$69M
EBIT	$832M
EBITDA	$901M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$297M
Depreciation & Amortization	$69M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$140M
Change in Working Capital	-$643M
OPERATING CASH FLOW	-$136M
Capital Expenditure	-$122M
Acquisitions (Net)	-$627M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$959M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$521M
Common Stock Repurchased	$0
Common Dividends Paid	-$141M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	-$258M
Net Change in Cash	$209M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$332M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$306M
Goodwill	$285M
Intangible Assets	$0
Long-Term Investments	$4.6B
Tax Assets	$0
Other Non-Current Assets	-$5.2B
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$19.8B
Account Payables	$499M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$499M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$2.8B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$17.5B
Common Stock	$4M
Additional Paid-In Capital	$593M
Retained Earnings	$543M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$1.1B
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$19.8B
Total Debt	$2.8B
Net Debt	$742M