AVAL FY 2012 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

FY 2012 Earnings

Reported April 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.1B	—	20.3%
Op. Income	$1.1B	—	$978M	—	8.6%
Gross Margin	63.0%	—	67.9%	—	-4.9pp
Net Margin	11.4%	—	11.6%	—	-0.2pp
EPS (Diluted)	$0.45	—	$3.88	—	-88.4%
Free Cash Flow	$1.2B	—	$1.1B	—	12.6%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$254M
Operating Expenses	$1.3B
Cost & Expenses	$2.7B
OPERATING INCOME	$1.1B
Interest Income	$2.8B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$382M
Net Income from Continuing Ops	$679M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$426M
D&A	$115M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$254M
Operating Expenses	$1.3B
Cost & Expenses	$2.7B
OPERATING INCOME	$1.1B
Interest Income	$2.8B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$382M
Net Income from Continuing Ops	$679M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$426M
D&A	$115M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$426M
Depreciation & Amortization	$115M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$254M
Change in Working Capital	$637M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$198M
Acquisitions (Net)	-$10M
Purchases of Investments	-$3.8B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	-$3.3B
NET CASH FROM INVESTING	-$5.4B
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$226M
Other Financing Activities	$3.3B
NET CASH FROM FINANCING	$4.4B
FREE CASH FLOW	$1.2B
Net Change in Cash	$474M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$3.8B
Net Receivables	$720M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$500M
Goodwill	$792M
Intangible Assets	$0
Long-Term Investments	$6.5B
Tax Assets	$0
Other Non-Current Assets	-$7.8B
TOTAL NON-CURRENT ASSETS	$27.3B
TOTAL ASSETS	$35.6B
Account Payables	$424M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$993M
Long-Term Debt	$7.1B
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$61M
Other Non-Current Liabilities	-$7.1B
TOTAL NON-CURRENT LIABILITIES	$7.1B
TOTAL LIABILITIES	$33.1B
Common Stock	$5M
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$467M
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$1.5B
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$35.6B
Total Debt	$7.1B
Net Debt	$3.3B