BCH FY 2010 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2010 Earnings

Reported April 29, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.4B	—	18.1%
Op. Income	$517M	—	$337M	—	53.6%
Gross Margin	67.6%	—	63.1%	—	4.5pp
Net Margin	28.1%	—	20.8%	—	7.3pp
EPS (Diluted)	$0.96	—	$298.72	—	-99.7%
Free Cash Flow	-$149M	—	$767M	—	-119.4%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$537M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$489M
SG&A Expenses	$515M
Other Expenses	$87M
Operating Expenses	$602M
Cost & Expenses	$1.1B
OPERATING INCOME	$517M
Interest Income	$1.2B
Interest Expense	$362M
Other Income/Expenses	$0
INCOME BEFORE TAX	$517M
Income Tax Expense	$52M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$466M
D&A	$39M
EBIT	$517M
EBITDA	$556M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$537M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$489M
SG&A Expenses	$515M
Other Expenses	$87M
Operating Expenses	$602M
Cost & Expenses	$1.1B
OPERATING INCOME	$517M
Interest Income	$1.2B
Interest Expense	$362M
Other Income/Expenses	$0
INCOME BEFORE TAX	$517M
Income Tax Expense	$52M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$466M
D&A	$39M
EBIT	$517M
EBITDA	$556M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$466M
Depreciation & Amortization	$39M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$62M
Change in Working Capital	-$549M
OPERATING CASH FLOW	-$107M
Capital Expenditure	-$42M
Acquisitions (Net)	-$4.5K
Purchases of Investments	-$4.5K
Sales/Maturities of Investments	$0
Other Investing Activities	$168M
NET CASH FROM INVESTING	$143M
Net Debt Issuance	$463M
Common Stock Repurchased	$0
Common Dividends Paid	-$322M
Other Financing Activities	-$216M
NET CASH FROM FINANCING	-$75M
FREE CASH FLOW	-$149M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$229M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$17.9B
Tax Assets	$68M
Other Non-Current Assets	$744M
TOTAL NON-CURRENT ASSETS	$19.0B
TOTAL ASSETS	$20.4B
Account Payables	$0
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$13.8B
TOTAL CURRENT LIABILITIES	$15.3B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$18.5B
Common Stock	$1.3B
Additional Paid-In Capital	$0
Retained Earnings	$588M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$2.2K
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$20.4B
Total Debt	$3.5B
Net Debt	$2.1B