BCH FY 2014 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2014 Earnings

Reported April 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.5B	—	12.3%
Op. Income	$760M	—	$719M	—	5.6%
Gross Margin	57.1%	—	57.5%	—	-0.4pp
Net Margin	24.3%	—	25.2%	—	-0.9pp
EPS (Diluted)	$1.31	—	$1.08	—	21.0%
Free Cash Flow	-$288M	—	-$177M	—	-62.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$34M
General & Administrative	$690M
SG&A Expenses	$724M
Other Expenses	$91M
Operating Expenses	$815M
Cost & Expenses	$2.0B
OPERATING INCOME	$760M
Interest Income	$2.3B
Interest Expense	$888M
Other Income/Expenses	$0
INCOME BEFORE TAX	$760M
Income Tax Expense	$90M
Net Income from Continuing Ops	$670M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$670M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$670M
D&A	$37M
EBIT	$760M
EBITDA	$797M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$34M
General & Administrative	$690M
SG&A Expenses	$724M
Other Expenses	$91M
Operating Expenses	$815M
Cost & Expenses	$2.0B
OPERATING INCOME	$760M
Interest Income	$2.3B
Interest Expense	$888M
Other Income/Expenses	$0
INCOME BEFORE TAX	$760M
Income Tax Expense	$90M
Net Income from Continuing Ops	$670M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$670M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$670M
D&A	$37M
EBIT	$760M
EBITDA	$797M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$670M
Depreciation & Amortization	$37M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$77M
Change in Working Capital	-$876M
OPERATING CASH FLOW	-$246M
Capital Expenditure	-$42M
Acquisitions (Net)	-$7M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	$94M
NET CASH FROM INVESTING	$43M
Net Debt Issuance	$860M
Common Stock Repurchased	$0
Common Dividends Paid	-$414M
Other Financing Activities	-$21M
NET CASH FROM FINANCING	$425M
FREE CASH FLOW	-$288M
Net Change in Cash	$274M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$1.8B
Net Receivables	$31M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$329M
Goodwill	$19M
Intangible Assets	$56M
Long-Term Investments	$26.6B
Tax Assets	$106M
Other Non-Current Assets	$454M
TOTAL NON-CURRENT ASSETS	$27.6B
TOTAL ASSETS	$31.0B
Account Payables	$136M
Short-Term Debt	$281M
Deferred Revenue	$0
Other Current Liabilities	$18.7B
TOTAL CURRENT LIABILITIES	$19.2B
Long-Term Debt	$6.9B
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$8.6B
TOTAL LIABILITIES	$27.8B
Common Stock	$2.2B
Additional Paid-In Capital	$2.2B
Retained Earnings	$744M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$2.3K
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$31.0B
Total Debt	$7.2B
Net Debt	$5.6B