AVAL Q2 2021 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q2 2021 Earnings

Reported June 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$1.5B	$2.1B	$2.1B	-28.5%	-28.4%
Op. Income	$486M	$569M	$240M	-14.6%	102.7%
Gross Margin	62.7%	60.6%	46.9%	2.1pp	15.8pp
Net Margin	18.1%	10.8%	4.4%	7.3pp	13.7pp
EPS (Diluted)	$0.24	$0.21	$0.08	17.9%	211.3%
Free Cash Flow	$103M	-$301M	$309M	134.4%	-66.5%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$548M
GROSS PROFIT	$922M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$401M
SG&A Expenses	$401M
Other Expenses	$35M
Operating Expenses	$436M
Cost & Expenses	$984M
OPERATING INCOME	$486M
Interest Income	$881M
Interest Expense	$306M
Other Income/Expenses	$0
INCOME BEFORE TAX	$486M
Income Tax Expense	$123M
Net Income from Continuing Ops	$363M
Net Income from Discontinued Ops	$118M
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$40M
EBIT	$486M
EBITDA	$526M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$548M
GROSS PROFIT	$922M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$401M
SG&A Expenses	$401M
Other Expenses	$35M
Operating Expenses	$436M
Cost & Expenses	$984M
OPERATING INCOME	$486M
Interest Income	$881M
Interest Expense	$306M
Other Income/Expenses	$0
INCOME BEFORE TAX	$486M
Income Tax Expense	$123M
Net Income from Continuing Ops	$363M
Net Income from Discontinued Ops	$118M
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$40M
EBIT	$486M
EBITDA	$526M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$266M
Depreciation & Amortization	$99M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$78M
Change in Working Capital	-$307M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$206M
NET CASH FROM INVESTING	-$239M
Net Debt Issuance	-$133M
Common Stock Repurchased	-$841
Common Dividends Paid	-$84M
Other Financing Activities	$450M
NET CASH FROM FINANCING	$233M
FREE CASH FLOW	$103M
Net Change in Cash	$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.0B
Short-Term Investments	$10.1B
Net Receivables	$5.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$25.2B
PP&E (Net)	$2.2B
Goodwill	$2.3B
Intangible Assets	$3.3B
Long-Term Investments	$15.0B
Tax Assets	-$3M
Other Non-Current Assets	$77.8B
TOTAL NON-CURRENT ASSETS	$100.7B
TOTAL ASSETS	$96.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$63.5B
TOTAL CURRENT LIABILITIES	$63.5B
Long-Term Debt	$17.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	$3.7B
TOTAL NON-CURRENT LIABILITIES	$22.6B
TOTAL LIABILITIES	$86.1B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	$309M
Other Equity	$2.4B
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$4.3B
TOTAL EQUITY	$10.4B
TOTAL LIABILITIES & EQUITY	$96.5B
Total Debt	$17.9B
Net Debt	$7.9B