AVAL Q3 2022 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q3 2022 Earnings

Reported September 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$2.0B	$1.8B	$1.4B	11.7%	41.9%
Op. Income	$402M	$504M	$512M	-20.2%	-21.5%
Gross Margin	44.2%	53.3%	65.3%	-9.1pp	-21.1pp
Net Margin	5.6%	10.4%	15.3%	-4.8pp	-9.6pp
EPS (Diluted)	$0.10	$0.18	$0.19	-43.2%	-48.7%
Free Cash Flow	-$1.1B	$264M	$591M	-524.6%	-290.0%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$898M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$467M
SG&A Expenses	$467M
Other Expenses	$29M
Operating Expenses	$496M
Cost & Expenses	$1.6B
OPERATING INCOME	$402M
Interest Income	$1.5B
Interest Expense	$923M
Other Income/Expenses	$0
INCOME BEFORE TAX	$402M
Income Tax Expense	$154M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$45M
EBIT	$402M
EBITDA	$447M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$898M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$467M
SG&A Expenses	$467M
Other Expenses	$29M
Operating Expenses	$496M
Cost & Expenses	$1.6B
OPERATING INCOME	$402M
Interest Income	$1.5B
Interest Expense	$923M
Other Income/Expenses	$0
INCOME BEFORE TAX	$402M
Income Tax Expense	$154M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$45M
EBIT	$402M
EBITDA	$447M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$76M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$278M
Change in Working Capital	-$992M
OPERATING CASH FLOW	-$1.1B
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$430M
NET CASH FROM INVESTING	$388M
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$1.7K
Common Dividends Paid	-$701.3K
Other Financing Activities	$691M
NET CASH FROM FINANCING	-$624M
FREE CASH FLOW	-$1.1B
Net Change in Cash	-$961M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.0B
Short-Term Investments	$6.4B
Net Receivables	$6.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18.1B
PP&E (Net)	$1.7B
Goodwill	$631M
Intangible Assets	$4.1B
Long-Term Investments	$13.2B
Tax Assets	-$21M
Other Non-Current Assets	$67.7B
TOTAL NON-CURRENT ASSETS	$87.3B
TOTAL ASSETS	$80.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$46.7B
TOTAL CURRENT LIABILITIES	$46.7B
Long-Term Debt	$19.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$3.7B
TOTAL NON-CURRENT LIABILITIES	$24.7B
TOTAL LIABILITIES	$71.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$2.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$329M
Other Equity	$2.7B
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$4.0B
TOTAL EQUITY	$8.7B
TOTAL LIABILITIES & EQUITY	$80.1B
Total Debt	$19.7B
Net Debt	$14.7B