AVAL Q1 2020 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q1 2020 Earnings

Reported March 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	7.6%
Op. Income	$522M	—	$558M	—	-6.5%
Gross Margin	56.7%	—	59.1%	—	-2.4pp
Net Margin	9.3%	—	10.9%	—	-1.6pp
EPS (Diluted)	$0.20	—	$0.19	—	3.0%
Free Cash Flow	-$2.3B	—	$527M	—	-533.4%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$917M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$647M
SG&A Expenses	$647M
Other Expenses	$33M
Operating Expenses	$680M
Cost & Expenses	$1.6B
OPERATING INCOME	$522M
Interest Income	$1.4B
Interest Expense	$609M
Other Income/Expenses	$0
INCOME BEFORE TAX	$522M
Income Tax Expense	$145M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$66M
EBIT	$522M
EBITDA	$588M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$917M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$647M
SG&A Expenses	$647M
Other Expenses	$33M
Operating Expenses	$680M
Cost & Expenses	$1.6B
OPERATING INCOME	$522M
Interest Income	$1.4B
Interest Expense	$609M
Other Income/Expenses	$0
INCOME BEFORE TAX	$522M
Income Tax Expense	$145M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$66M
EBIT	$522M
EBITDA	$588M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$196M
Depreciation & Amortization	$91M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$388M
Change in Working Capital	-$2.2B
OPERATING CASH FLOW	-$2.3B
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$359M
NET CASH FROM INVESTING	-$390M
Net Debt Issuance	$851M
Common Stock Repurchased	$0
Common Dividends Paid	-$93M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	-$2.3B
Net Change in Cash	$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.2B
Short-Term Investments	$7.2B
Net Receivables	$4.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$22.5B
PP&E (Net)	$2.3B
Goodwill	$2.4B
Intangible Assets	$2.6B
Long-Term Investments	$56.8B
Tax Assets	$360M
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$67.3B
TOTAL ASSETS	$89.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$57.8B
TOTAL CURRENT LIABILITIES	$57.8B
Long-Term Debt	$18.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$741M
Other Non-Current Liabilities	$3.6B
TOTAL NON-CURRENT LIABILITIES	$22.7B
TOTAL LIABILITIES	$80.6B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$5.5B
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$3.8B
TOTAL EQUITY	$9.3B
TOTAL LIABILITIES & EQUITY	$89.8B
Total Debt	$18.4B
Net Debt	$7.2B