BCH FY 2012 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2012 Earnings

Reported April 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	8.9%
Op. Income	$606M	—	$561M	—	8.0%
Gross Margin	56.9%	—	58.7%	—	-1.8pp
Net Margin	23.6%	—	23.5%	—	0.1pp
EPS (Diluted)	$1.07	—	$0.97	—	10.1%
Free Cash Flow	-$494M	—	-$542M	—	8.9%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$975M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$34M
General & Administrative	$574M
SG&A Expenses	$608M
Other Expenses	$73M
Operating Expenses	$682M
Cost & Expenses	$1.7B
OPERATING INCOME	$606M
Interest Income	$1.9B
Interest Expense	$790M
Other Income/Expenses	$0
INCOME BEFORE TAX	$606M
Income Tax Expense	$71M
Net Income from Continuing Ops	$535M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$535M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$535M
D&A	$39M
EBIT	$606M
EBITDA	$645M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$975M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$34M
General & Administrative	$574M
SG&A Expenses	$608M
Other Expenses	$73M
Operating Expenses	$682M
Cost & Expenses	$1.7B
OPERATING INCOME	$606M
Interest Income	$1.9B
Interest Expense	$790M
Other Income/Expenses	$0
INCOME BEFORE TAX	$606M
Income Tax Expense	$71M
Net Income from Continuing Ops	$535M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$535M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$535M
D&A	$39M
EBIT	$606M
EBITDA	$645M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$535M
Depreciation & Amortization	$39M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$324M
Change in Working Capital	-$1.4B
OPERATING CASH FLOW	-$464M
Capital Expenditure	-$30M
Acquisitions (Net)	-$79.1K
Purchases of Investments	-$79.1K
Sales/Maturities of Investments	$0
Other Investing Activities	$235M
NET CASH FROM INVESTING	$214M
Net Debt Issuance	$137M
Common Stock Repurchased	$0
Common Dividends Paid	-$331M
Other Financing Activities	$115M
NET CASH FROM FINANCING	$54M
FREE CASH FLOW	-$494M
Net Change in Cash	-$231M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$1.4B
Net Receivables	$38M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$312M
Goodwill	$19M
Intangible Assets	$66M
Long-Term Investments	$22.4B
Tax Assets	$62M
Other Non-Current Assets	$397M
TOTAL NON-CURRENT ASSETS	$23.3B
TOTAL ASSETS	$25.9B
Account Payables	$124M
Short-Term Debt	$252M
Deferred Revenue	$0
Other Current Liabilities	$16.8B
TOTAL CURRENT LIABILITIES	$17.2B
Long-Term Debt	$4.9B
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$23.2B
Common Stock	$1.8B
Additional Paid-In Capital	$1.8B
Retained Earnings	$608M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$2.2K
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$25.9B
Total Debt	$5.1B
Net Debt	$4.0B