BBVA Q3 2019 Earnings Report — Banco Bilbao Vizcaya Argentaria, S.A. Revenue & Financial Results | Market Cap Arena

Banco Bilbao Vizcaya Argentaria, S.A.BBVA

Q3 2019 Earnings

Reported September 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$7.2B	—	$6.7B	—	6.8%
Op. Income	$2.2B	—	$2.0B	—	9.2%
Gross Margin	80.8%	—	82.2%	—	-1.3pp
Net Margin	20.0%	—	31.2%	—	-11.2pp
EPS (Diluted)	$0.20	—	$0.30	—	-34.6%
Free Cash Flow	$400M	—	$6.7B	—	-94.1%

Revenue Flow

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$5.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.0B
SG&A Expenses	$3.0B
Other Expenses	$606M
Operating Expenses	$3.6B
Cost & Expenses	$4.9B
OPERATING INCOME	$2.2B
Interest Income	$5.2B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$571M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$471M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$5.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.0B
SG&A Expenses	$3.0B
Other Expenses	$606M
Operating Expenses	$3.6B
Cost & Expenses	$4.9B
OPERATING INCOME	$2.2B
Interest Income	$5.2B
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$571M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$471M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$471M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$19.3B
Change in Working Capital	-$20.3B
OPERATING CASH FLOW	$892M
Capital Expenditure	-$492M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$443M
Net Debt Issuance	-$2.0B
Common Stock Repurchased	-$662M
Common Dividends Paid	-$115M
Other Financing Activities	$3.6B
NET CASH FROM FINANCING	$801M
FREE CASH FLOW	$400M
Net Change in Cash	-$4.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$70.8B
Short-Term Investments	$203.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$274.4B
PP&E (Net)	$11.9B
Goodwill	$0
Intangible Assets	$9.9B
Long-Term Investments	$513.0B
Tax Assets	$0
Other Non-Current Assets	$19.6B
TOTAL NON-CURRENT ASSETS	$554.5B
TOTAL ASSETS	$829.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$580.3B
TOTAL CURRENT LIABILITIES	$580.3B
Long-Term Debt	$74.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$108.0B
TOTAL NON-CURRENT LIABILITIES	$182.0B
TOTAL LIABILITIES	$762.3B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$7.1B
Other Equity	$66.5B
TOTAL STOCKHOLDERS' EQUITY	$59.3B
Minority Interest	$7.4B
TOTAL EQUITY	$66.7B
TOTAL LIABILITIES & EQUITY	$829.0B
Total Debt	$74.0B
Net Debt	$3.2B