BBVA Q1 2016 Earnings Report — Banco Bilbao Vizcaya Argentaria, S.A. Revenue & Financial Results | Market Cap Arena

Banco Bilbao Vizcaya Argentaria, S.A.BBVA

Q1 2016 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$6.8B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	82.1%	—	—	—	—
Net Margin	12.3%	—	—	—	—
EPS (Diluted)	$0.12	—	—	—	—
Free Cash Flow	-$3.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.6B
R&D Expenses	$0
Selling & Marketing	$113M
General & Administrative	$2.7B
SG&A Expenses	$2.8B
Other Expenses	$1.2B
Operating Expenses	$4.0B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.6B
Interest Income	$4.9B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$423M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$829M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$829M
D&A	$402M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.6B
R&D Expenses	$0
Selling & Marketing	$113M
General & Administrative	$2.7B
SG&A Expenses	$2.8B
Other Expenses	$1.2B
Operating Expenses	$4.0B
Cost & Expenses	$5.2B
OPERATING INCOME	$1.6B
Interest Income	$4.9B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$423M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$829M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$829M
D&A	$402M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$829M
Depreciation & Amortization	$402M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$3.5B
Change in Working Capital	-$931M
OPERATING CASH FLOW	-$3.2B
Capital Expenditure	$0
Acquisitions (Net)	-$21M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$255M
NET CASH FROM INVESTING	$234M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$687M
Other Financing Activities	$168M
NET CASH FROM FINANCING	-$519M
FREE CASH FLOW	-$3.2B
Net Change in Cash	-$4.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$46.0B
Short-Term Investments	$203.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$249.6B
PP&E (Net)	$11.3B
Goodwill	$0
Intangible Assets	$11.5B
Long-Term Investments	$575.6B
Tax Assets	$0
Other Non-Current Assets	$18.2B
TOTAL NON-CURRENT ASSETS	$616.7B
TOTAL ASSETS	$866.3B
Account Payables	$0
Short-Term Debt	$24.8B
Deferred Revenue	$0
Other Current Liabilities	$536.3B
TOTAL CURRENT LIABILITIES	$561.1B
Long-Term Debt	$87.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$153.6B
TOTAL NON-CURRENT LIABILITIES	$241.4B
TOTAL LIABILITIES	$802.6B
Common Stock	$59.1B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$4.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$54.2B
Minority Interest	$9.5B
TOTAL EQUITY	$63.7B
TOTAL LIABILITIES & EQUITY	$866.3B
Total Debt	$112.6B
Net Debt	$66.6B