AVAL Q2 2020 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q2 2020 Earnings

Reported June 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$2.1B	$2.1B	$2.1B	-3.2%	-1.4%
Op. Income	$240M	$522M	$557M	-54.1%	-56.9%
Gross Margin	46.9%	56.7%	58.3%	-9.8pp	-11.4pp
Net Margin	4.4%	9.3%	11.0%	-4.8pp	-6.5pp
EPS (Diluted)	$0.08	$0.20	$0.20	-61.0%	-61.4%
Free Cash Flow	$309M	-$2.3B	$148M	113.5%	108.1%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$962M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$634M
SG&A Expenses	$634M
Other Expenses	$89M
Operating Expenses	$722M
Cost & Expenses	$1.8B
OPERATING INCOME	$240M
Interest Income	$1.5B
Interest Expense	$630M
Other Income/Expenses	$0
INCOME BEFORE TAX	$240M
Income Tax Expense	$60M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$70M
EBIT	$240M
EBITDA	$310M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$962M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$634M
SG&A Expenses	$634M
Other Expenses	$89M
Operating Expenses	$722M
Cost & Expenses	$1.8B
OPERATING INCOME	$240M
Interest Income	$1.5B
Interest Expense	$630M
Other Income/Expenses	$0
INCOME BEFORE TAX	$240M
Income Tax Expense	$60M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$70M
EBIT	$240M
EBITDA	$310M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$95M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$162M
Change in Working Capital	$9M
OPERATING CASH FLOW	$357M
Capital Expenditure	-$48M
Acquisitions (Net)	-$377M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$151M
NET CASH FROM INVESTING	-$576M
Net Debt Issuance	-$106M
Common Stock Repurchased	-$389.0K
Common Dividends Paid	-$93M
Other Financing Activities	$947M
NET CASH FROM FINANCING	$747M
FREE CASH FLOW	$309M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.2B
Short-Term Investments	$8.0B
Net Receivables	$4.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$23.3B
PP&E (Net)	$2.4B
Goodwill	$2.3B
Intangible Assets	$2.7B
Long-Term Investments	$59.2B
Tax Assets	$266M
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$70.0B
TOTAL ASSETS	$93.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$59.8B
TOTAL CURRENT LIABILITIES	$59.8B
Long-Term Debt	$19.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$782M
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$23.9B
TOTAL LIABILITIES	$83.8B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$5.6B
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$4.0B
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$93.3B
Total Debt	$19.8B
Net Debt	$8.5B