AVAL Q4 2020 Earnings Report — Grupo Aval Acciones y Valores S.A. Revenue & Financial Results | Market Cap Arena

Grupo Aval Acciones y Valores S.A.AVAL

Q4 2020 Earnings

Reported April 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$2.4B	$2.3B	—	3.9%	—
Op. Income	$547M	$507M	—	7.9%	—
Gross Margin	56.2%	54.2%	—	2.0pp	—
Net Margin	7.6%	8.6%	—	-1.0pp	—
EPS (Diluted)	$0.15	$0.18	—	-16.4%	—
Free Cash Flow	-$1.5B	-$845M	—	-72.1%	—

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$688M
SG&A Expenses	$688M
Other Expenses	$87M
Operating Expenses	$775M
Cost & Expenses	$1.8B
OPERATING INCOME	$547M
Interest Income	$1.4B
Interest Expense	$495M
Other Income/Expenses	$0
INCOME BEFORE TAX	$547M
Income Tax Expense	$153M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$178M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$75M
EBIT	$547M
EBITDA	$622M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$688M
SG&A Expenses	$688M
Other Expenses	$87M
Operating Expenses	$775M
Cost & Expenses	$1.8B
OPERATING INCOME	$547M
Interest Income	$1.4B
Interest Expense	$495M
Other Income/Expenses	$0
INCOME BEFORE TAX	$547M
Income Tax Expense	$153M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$178M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$75M
EBIT	$547M
EBITDA	$622M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$178M
Depreciation & Amortization	$107M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$81M
Change in Working Capital	-$1.6B
OPERATING CASH FLOW	-$1.4B
Capital Expenditure	-$61M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$608M
NET CASH FROM INVESTING	-$668M
Net Debt Issuance	$113M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$93M
Other Financing Activities	$2.2B
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	-$1.5B
Net Change in Cash	-$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.5B
Short-Term Investments	$0
Net Receivables	$4.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14.0B
PP&E (Net)	$2.3B
Goodwill	$2.2B
Intangible Assets	$3.0B
Long-Term Investments	$65.6B
Tax Assets	$242M
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$76.5B
TOTAL ASSETS	$90.5B
Account Payables	$747M
Short-Term Debt	$242M
Deferred Revenue	$0
Other Current Liabilities	$59.4B
TOTAL CURRENT LIABILITIES	$60.4B
Long-Term Debt	$16.4B
Deferred Revenue NC	$163M
Deferred Tax Liabilities	$892M
Other Non-Current Liabilities	$2.7B
TOTAL NON-CURRENT LIABILITIES	$20.2B
TOTAL LIABILITIES	$80.6B
Common Stock	$6M
Additional Paid-In Capital	$2.4B
Retained Earnings	$3.2B
Treasury Stock	$0
Accum. Other Comp. Income	$242M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$4.1B
TOTAL EQUITY	$9.9B
TOTAL LIABILITIES & EQUITY	$90.5B
Total Debt	$16.7B
Net Debt	$7.2B