BBVA Q2 2016 Earnings Report — Banco Bilbao Vizcaya Argentaria, S.A. Revenue & Financial Results | Market Cap Arena

Banco Bilbao Vizcaya Argentaria, S.A.BBVA

Q2 2016 Earnings

Reported June 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$14.7B	$6.8B	—	118.0%	—
Op. Income	$2.4B	$1.6B	—	53.4%	—
Gross Margin	92.5%	82.1%	—	10.4pp	—
Net Margin	8.9%	12.3%	—	-3.4pp	—
EPS (Diluted)	$0.00	$0.12	—	-100.0%	—
Free Cash Flow	$1.4B	-$3.2B	—	143.0%	—

Revenue Flow

Item	Amount
REVENUE	$14.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$13.6B
R&D Expenses	$0
Selling & Marketing	$126M
General & Administrative	$2.4B
SG&A Expenses	$2.5B
Other Expenses	$8.7B
Operating Expenses	$11.2B
Cost & Expenses	$12.3B
OPERATING INCOME	$2.4B
Interest Income	$11.2B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$652M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$1.3B
Net Income Deductions	$133M
BOTTOM LINE NET INCOME	$1.2B
D&A	$403M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$14.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$13.6B
R&D Expenses	$0
Selling & Marketing	$126M
General & Administrative	$2.4B
SG&A Expenses	$2.5B
Other Expenses	$8.7B
Operating Expenses	$11.2B
Cost & Expenses	$12.3B
OPERATING INCOME	$2.4B
Interest Income	$11.2B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$652M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$1.3B
Net Income Deductions	$133M
BOTTOM LINE NET INCOME	$1.2B
D&A	$403M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$403M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	-$3.8B
Change in Working Capital	$3.7B
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$208M
Acquisitions (Net)	-$69M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.9B
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$262M
Other Financing Activities	$2.0B
NET CASH FROM FINANCING	$581M
FREE CASH FLOW	$1.4B
Net Change in Cash	-$16.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$37.1B
Short-Term Investments	$168.9B
Net Receivables	$12.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$219.2B
PP&E (Net)	$9.7B
Goodwill	$7.8B
Intangible Assets	$3.8B
Long-Term Investments	$619.7B
Tax Assets	$18.9B
Other Non-Current Assets	-$6.9B
TOTAL NON-CURRENT ASSETS	$653.1B
TOTAL ASSETS	$872.3B
Account Payables	$174M
Short-Term Debt	$54.9B
Deferred Revenue	$0
Other Current Liabilities	$517.6B
TOTAL CURRENT LIABILITIES	$575.6B
Long-Term Debt	$88.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.2B
Other Non-Current Liabilities	$138.5B
TOTAL NON-CURRENT LIABILITIES	$231.2B
TOTAL LIABILITIES	$806.8B
Common Stock	$3.7B
Additional Paid-In Capital	$28.1B
Retained Earnings	$30.0B
Treasury Stock	-$194M
Accum. Other Comp. Income	-$5.2B
Other Equity	-$884M
TOTAL STOCKHOLDERS' EQUITY	$55.5B
Minority Interest	$10.0B
TOTAL EQUITY	$65.4B
TOTAL LIABILITIES & EQUITY	$872.3B
Total Debt	$143.4B
Net Debt	$106.3B