AVAL FY 2023 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

FY 2023 Earnings

Reported April 16, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$10.8B	—	$7.8B	—	37.6%
Op. Income	$978M	—	$1.8B	—	-44.4%
Gross Margin	28.8%	—	47.1%	—	-18.3pp
Net Margin	1.9%	—	8.9%	—	-7.0pp
EPS (Diluted)	$0.17	—	$0.46	—	-61.9%
Free Cash Flow	-$2.8B	—	-$5.6B	—	50.2%

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.7B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$65M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$985M
Operating Expenses	$2.1B
Cost & Expenses	$9.8B
OPERATING INCOME	$978M
Interest Income	$8.1B
Interest Expense	$6.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$978M
Income Tax Expense	$367M
Net Income from Continuing Ops	$610M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$323M
EBIT	$978M
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.7B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$65M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$985M
Operating Expenses	$2.1B
Cost & Expenses	$9.8B
OPERATING INCOME	$978M
Interest Income	$8.1B
Interest Expense	$6.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$978M
Income Tax Expense	$367M
Net Income from Continuing Ops	$610M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$323M
EBIT	$978M
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$207M
Depreciation & Amortization	$323M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$1.0B
Change in Working Capital	-$2.1B
OPERATING CASH FLOW	-$2.6B
Capital Expenditure	-$172M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$688M
NET CASH FROM INVESTING	$516M
Net Debt Issuance	-$520M
Common Stock Repurchased	$0
Common Dividends Paid	-$215M
Other Financing Activities	$4.0B
NET CASH FROM FINANCING	$3.3B
FREE CASH FLOW	-$2.8B
Net Change in Cash	$439M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.9B
Short-Term Investments	$6.9B
Net Receivables	$7.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19.6B
PP&E (Net)	$1.7B
Goodwill	$617M
Intangible Assets	$4.5B
Long-Term Investments	$52.3B
Tax Assets	$359M
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$64.8B
TOTAL ASSETS	$84.4B
Account Payables	$974M
Short-Term Debt	$288M
Deferred Revenue	$0
Other Current Liabilities	$51.0B
TOTAL CURRENT LIABILITIES	$52.3B
Long-Term Debt	$16.5B
Deferred Revenue NC	$149M
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$4.3B
TOTAL NON-CURRENT LIABILITIES	$23.3B
TOTAL LIABILITIES	$75.6B
Common Stock	$7M
Additional Paid-In Capital	$2.7B
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$153M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$4.1B
TOTAL EQUITY	$8.8B
TOTAL LIABILITIES & EQUITY	$84.4B
Total Debt	$17.6B
Net Debt	$12.7B