AVAL Q2 2018 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q2 2018 Earnings

Reported June 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$1.8B	$1.8B	—	3.3%	—
Op. Income	$444M	$396M	—	12.1%	—
Gross Margin	58.5%	55.8%	—	2.7pp	—
Net Margin	10.5%	9.5%	—	1.0pp	—
EPS (Diluted)	$0.18	$0.15	—	20.5%	—
Free Cash Flow	$909M	$527M	—	72.4%	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$752M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$583M
SG&A Expenses	$583M
Other Expenses	$32M
Operating Expenses	$615M
Cost & Expenses	$1.4B
OPERATING INCOME	$444M
Interest Income	$1.3B
Interest Expense	$513M
Other Income/Expenses	$0
INCOME BEFORE TAX	$444M
Income Tax Expense	$127M
Net Income from Continuing Ops	$318M
Net Income from Discontinued Ops	$0
Other Adjustments	-$27.9K
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$36M
EBIT	$444M
EBITDA	$480M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$752M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$583M
SG&A Expenses	$583M
Other Expenses	$32M
Operating Expenses	$615M
Cost & Expenses	$1.4B
OPERATING INCOME	$444M
Interest Income	$1.3B
Interest Expense	$513M
Other Income/Expenses	$0
INCOME BEFORE TAX	$444M
Income Tax Expense	$127M
Net Income from Continuing Ops	$318M
Net Income from Discontinued Ops	$0
Other Adjustments	-$27.9K
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$36M
EBIT	$444M
EBITDA	$480M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$190M
Depreciation & Amortization	$64M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$366M
Change in Working Capital	$327M
OPERATING CASH FLOW	$947M
Capital Expenditure	-$38M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$312M
NET CASH FROM INVESTING	-$350M
Net Debt Issuance	$66M
Common Stock Repurchased	$0
Common Dividends Paid	-$74M
Other Financing Activities	-$920M
NET CASH FROM FINANCING	-$928M
FREE CASH FLOW	$909M
Net Change in Cash	-$143M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.9B
Short-Term Investments	$5.6B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12.9B
PP&E (Net)	$1.6B
Goodwill	$1.9B
Intangible Assets	$1.2B
Long-Term Investments	$8.6B
Tax Assets	-$796.7K
Other Non-Current Assets	$54.1B
TOTAL NON-CURRENT ASSETS	$67.4B
TOTAL ASSETS	$65.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$472M
TOTAL CURRENT LIABILITIES	$472M
Long-Term Debt	$12.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$483M
Other Non-Current Liabilities	$44.5B
TOTAL NON-CURRENT LIABILITIES	$57.9B
TOTAL LIABILITIES	$58.3B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	$190M
Other Equity	$2.3B
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$2.6B
TOTAL EQUITY	$7.0B
TOTAL LIABILITIES & EQUITY	$65.4B
Total Debt	$12.9B
Net Debt	$7.0B