BCH FY 2011 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2011 Earnings

Reported April 25, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.7B	—	25.5%
Op. Income	$561M	—	$517M	—	8.5%
Gross Margin	58.7%	—	67.6%	—	-8.9pp
Net Margin	23.5%	—	28.1%	—	-4.6pp
EPS (Diluted)	$0.97	—	$0.96	—	1.6%
Free Cash Flow	-$542M	—	-$149M	—	-265.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$860M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$30M
General & Administrative	$569M
SG&A Expenses	$599M
Other Expenses	$60M
Operating Expenses	$658M
Cost & Expenses	$1.5B
OPERATING INCOME	$561M
Interest Income	$1.7B
Interest Expense	$696M
Other Income/Expenses	$0
INCOME BEFORE TAX	$561M
Income Tax Expense	$73M
Net Income from Continuing Ops	$488M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$39M
EBIT	$561M
EBITDA	$601M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$860M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$30M
General & Administrative	$569M
SG&A Expenses	$599M
Other Expenses	$60M
Operating Expenses	$658M
Cost & Expenses	$1.5B
OPERATING INCOME	$561M
Interest Income	$1.7B
Interest Expense	$696M
Other Income/Expenses	$0
INCOME BEFORE TAX	$561M
Income Tax Expense	$73M
Net Income from Continuing Ops	$488M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$39M
EBIT	$561M
EBITDA	$601M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$488M
Depreciation & Amortization	$39M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$117M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	-$507M
Capital Expenditure	-$35M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$349M
NET CASH FROM INVESTING	-$373M
Net Debt Issuance	$1.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$311M
Other Financing Activities	$29M
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	-$542M
Net Change in Cash	$145M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$1.6B
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$314M
Goodwill	$19M
Intangible Assets	$72M
Long-Term Investments	$20.2B
Tax Assets	$67M
Other Non-Current Assets	$499M
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$24.3B
Account Payables	$88M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$15.8B
TOTAL CURRENT LIABILITIES	$18.0B
Long-Term Debt	$4.5B
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$585M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$22.0B
Common Stock	$1.6B
Additional Paid-In Capital	$1.6B
Retained Earnings	$561M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$2.2K
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$24.3B
Total Debt	$6.7B
Net Debt	$5.2B