BCH FY 2015 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2015 Earnings

Reported April 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.8B	—	-4.6%
Op. Income	$779M	—	$760M	—	2.5%
Gross Margin	60.4%	—	57.1%	—	3.3pp
Net Margin	26.1%	—	24.3%	—	1.8pp
EPS (Diluted)	$1.35	—	$1.31	—	3.3%
Free Cash Flow	-$1.9B	—	-$288M	—	-557.0%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$706M
SG&A Expenses	$743M
Other Expenses	$67M
Operating Expenses	$810M
Cost & Expenses	$1.9B
OPERATING INCOME	$779M
Interest Income	$2.1B
Interest Expense	$765M
Other Income/Expenses	$0
INCOME BEFORE TAX	$779M
Income Tax Expense	$93M
Net Income from Continuing Ops	$686M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$686M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$686M
D&A	$36M
EBIT	$779M
EBITDA	$815M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$706M
SG&A Expenses	$743M
Other Expenses	$67M
Operating Expenses	$810M
Cost & Expenses	$1.9B
OPERATING INCOME	$779M
Interest Income	$2.1B
Interest Expense	$765M
Other Income/Expenses	$0
INCOME BEFORE TAX	$779M
Income Tax Expense	$93M
Net Income from Continuing Ops	$686M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$686M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$686M
D&A	$36M
EBIT	$779M
EBITDA	$815M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$686M
Depreciation & Amortization	$36M
Stock-Based Compensation	$0
Deferred Income Tax	-$39M
Other Non-Cash Items	-$126M
Change in Working Capital	-$2.4B
OPERATING CASH FLOW	-$1.8B
Capital Expenditure	-$45M
Acquisitions (Net)	-$353.4K
Purchases of Investments	-$353.4K
Sales/Maturities of Investments	$0
Other Investing Activities	$675M
NET CASH FROM INVESTING	$639M
Net Debt Issuance	$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$414M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	-$1.9B
Net Change in Cash	$247M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$1.1B
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$375M
Goodwill	$19M
Intangible Assets	$54M
Long-Term Investments	$29.9B
Tax Assets	$145M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$31.6B
TOTAL ASSETS	$35.0B
Account Payables	$137M
Short-Term Debt	$207M
Deferred Revenue	$0
Other Current Liabilities	$20.5B
TOTAL CURRENT LIABILITIES	$20.9B
Long-Term Debt	$8.6B
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$31.4B
Common Stock	$2.3B
Additional Paid-In Capital	$2.3B
Retained Earnings	$760M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$3.4K
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$35.0B
Total Debt	$8.8B
Net Debt	$6.6B