BCH FY 2016 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2016 Earnings

Reported April 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.6B	—	2.8%
Op. Income	$760M	—	$779M	—	-2.5%
Gross Margin	60.5%	—	60.4%	—	0.1pp
Net Margin	23.9%	—	26.1%	—	-2.2pp
EPS (Diluted)	$1.21	—	$1.35	—	-10.2%
Free Cash Flow	$139M	—	-$1.9B	—	107.4%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$764M
SG&A Expenses	$801M
Other Expenses	$75M
Operating Expenses	$876M
Cost & Expenses	$1.9B
OPERATING INCOME	$760M
Interest Income	$2.2B
Interest Expense	$777M
Other Income/Expenses	$0
INCOME BEFORE TAX	$760M
Income Tax Expense	$113M
Net Income from Continuing Ops	$647M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$40M
EBIT	$760M
EBITDA	$800M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$764M
SG&A Expenses	$801M
Other Expenses	$75M
Operating Expenses	$876M
Cost & Expenses	$1.9B
OPERATING INCOME	$760M
Interest Income	$2.2B
Interest Expense	$777M
Other Income/Expenses	$0
INCOME BEFORE TAX	$760M
Income Tax Expense	$113M
Net Income from Continuing Ops	$647M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$40M
EBIT	$760M
EBITDA	$800M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$647M
Depreciation & Amortization	$40M
Stock-Based Compensation	$0
Deferred Income Tax	-$40M
Other Non-Cash Items	$197M
Change in Working Capital	-$661M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$44M
Acquisitions (Net)	-$1M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	$623M
NET CASH FROM INVESTING	$589M
Net Debt Issuance	$143M
Common Stock Repurchased	$0
Common Dividends Paid	-$413M
Other Financing Activities	-$531M
NET CASH FROM FINANCING	-$801M
FREE CASH FLOW	$139M
Net Change in Cash	-$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$421M
Net Receivables	$80M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$363M
Goodwill	$19M
Intangible Assets	$54M
Long-Term Investments	$30.4B
Tax Assets	$199M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$32.8B
TOTAL ASSETS	$35.3B
Account Payables	$165M
Short-Term Debt	$244M
Deferred Revenue	$0
Other Current Liabilities	$21.2B
TOTAL CURRENT LIABILITIES	$21.6B
Long-Term Debt	$8.1B
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$9.9B
TOTAL LIABILITIES	$31.6B
Common Stock	$2.4B
Additional Paid-In Capital	$2.4B
Retained Earnings	$720M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$1.1K
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$35.3B
Total Debt	$8.4B
Net Debt	$6.3B