BCH FY 2017 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2017 Earnings

Reported April 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.7B	—	-2.9%
Op. Income	$774M	—	$760M	—	1.8%
Gross Margin	62.6%	—	60.5%	—	2.1pp
Net Margin	24.5%	—	23.9%	—	0.6pp
EPS (Diluted)	$1.27	—	$1.21	—	5.0%
Free Cash Flow	$935M	—	$139M	—	572.7%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$983M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$772M
SG&A Expenses	$807M
Other Expenses	$64M
Operating Expenses	$871M
Cost & Expenses	$1.9B
OPERATING INCOME	$774M
Interest Income	$2.1B
Interest Expense	$734M
Other Income/Expenses	$0
INCOME BEFORE TAX	$774M
Income Tax Expense	$130M
Net Income from Continuing Ops	$644M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$644M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$644M
D&A	$42M
EBIT	$774M
EBITDA	$816M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$983M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$772M
SG&A Expenses	$807M
Other Expenses	$64M
Operating Expenses	$871M
Cost & Expenses	$1.9B
OPERATING INCOME	$774M
Interest Income	$2.1B
Interest Expense	$734M
Other Income/Expenses	$0
INCOME BEFORE TAX	$774M
Income Tax Expense	$130M
Net Income from Continuing Ops	$644M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$644M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$644M
D&A	$42M
EBIT	$774M
EBITDA	$816M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$644M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$16M
Other Non-Cash Items	$296M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$982M
Capital Expenditure	-$47M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$411M
Common Stock Repurchased	$0
Common Dividends Paid	-$385M
Other Financing Activities	$123M
NET CASH FROM FINANCING	$149M
FREE CASH FLOW	$935M
Net Change in Cash	-$244M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$1.7B
Net Receivables	$172M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$387M
Goodwill	$19M
Intangible Assets	$63M
Long-Term Investments	$30.5B
Tax Assets	$181M
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$33.1B
TOTAL ASSETS	$36.6B
Account Payables	$214M
Short-Term Debt	$220M
Deferred Revenue	$0
Other Current Liabilities	$21.4B
TOTAL CURRENT LIABILITIES	$21.8B
Long-Term Debt	$8.6B
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$10.9B
TOTAL LIABILITIES	$32.7B
Common Stock	$2.6B
Additional Paid-In Capital	$2.6B
Retained Earnings	$717M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$1.1K
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$36.6B
Total Debt	$8.9B
Net Debt	$7.2B