BBVA Q3 2018 Earnings Report — Banco Bilbao Vizcaya Argentaria, S.A. Revenue & Financial Results | Market Cap Arena

Banco Bilbao Vizcaya Argentaria, S.A.BBVA

Q3 2018 Earnings

Reported September 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$6.7B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	82.2%	—	—	—	—
Net Margin	31.2%	—	—	—	—
EPS (Diluted)	$0.30	—	—	—	—
Free Cash Flow	$6.7B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$539M
Operating Expenses	$3.5B
Cost & Expenses	$4.7B
OPERATING INCOME	$2.0B
Interest Income	$5.0B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$490M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$741M
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$355M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$539M
Operating Expenses	$3.5B
Cost & Expenses	$4.7B
OPERATING INCOME	$2.0B
Interest Income	$5.0B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$490M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$741M
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$355M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$347M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5.0B
Change in Working Capital	-$948M
OPERATING CASH FLOW	$6.5B
Capital Expenditure	$285M
Acquisitions (Net)	$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4.2B
NET CASH FROM INVESTING	$4.6B
Net Debt Issuance	-$2.1B
Common Stock Repurchased	-$913M
Common Dividends Paid	$144M
Other Financing Activities	-$110M
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$6.7B
Net Change in Cash	$4.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$70.3B
Short-Term Investments	$177.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$248.1B
PP&E (Net)	$7.8B
Goodwill	$0
Intangible Assets	$9.6B
Long-Term Investments	$493.5B
Tax Assets	$0
Other Non-Current Assets	$23.2B
TOTAL NON-CURRENT ASSETS	$534.1B
TOTAL ASSETS	$782.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$544.5B
TOTAL CURRENT LIABILITIES	$544.5B
Long-Term Debt	$72.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$105.5B
TOTAL NON-CURRENT LIABILITIES	$178.0B
TOTAL LIABILITIES	$722.4B
Common Stock	$66.1B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$12.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$53.8B
Minority Interest	$6.0B
TOTAL EQUITY	$59.7B
TOTAL LIABILITIES & EQUITY	$782.2B
Total Debt	$72.5B
Net Debt	$2.2B