BCH FY 2018 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2018 Earnings

Reported April 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.6B	—	7.2%
Op. Income	$859M	—	$774M	—	11.0%
Gross Margin	62.8%	—	62.6%	—	0.3pp
Net Margin	24.1%	—	24.5%	—	-0.4pp
EPS (Diluted)	$1.33	—	$1.27	—	4.1%
Free Cash Flow	-$1.6B	—	$935M	—	-266.9%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$798M
SG&A Expenses	$833M
Other Expenses	$77M
Operating Expenses	$910M
Cost & Expenses	$2.0B
OPERATING INCOME	$859M
Interest Income	$2.3B
Interest Expense	$765M
Other Income/Expenses	$0
INCOME BEFORE TAX	$859M
Income Tax Expense	$180M
Net Income from Continuing Ops	$679M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$679M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$679M
D&A	$42M
EBIT	$859M
EBITDA	$902M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$798M
SG&A Expenses	$833M
Other Expenses	$77M
Operating Expenses	$910M
Cost & Expenses	$2.0B
OPERATING INCOME	$859M
Interest Income	$2.3B
Interest Expense	$765M
Other Income/Expenses	$0
INCOME BEFORE TAX	$859M
Income Tax Expense	$180M
Net Income from Continuing Ops	$679M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$679M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$679M
D&A	$42M
EBIT	$859M
EBITDA	$902M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$679M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$13M
Other Non-Cash Items	$408M
Change in Working Capital	-$2.6B
OPERATING CASH FLOW	-$1.5B
Capital Expenditure	-$58M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$500M
NET CASH FROM INVESTING	$469M
Net Debt Issuance	$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$421M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	$726M
FREE CASH FLOW	-$1.6B
Net Change in Cash	-$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$1.2B
Net Receivables	$97M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$358M
Goodwill	$19M
Intangible Assets	$77M
Long-Term Investments	$34.2B
Tax Assets	$199M
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$37.0B
TOTAL ASSETS	$40.1B
Account Payables	$199M
Short-Term Debt	$342M
Deferred Revenue	$0
Other Current Liabilities	$22.8B
TOTAL CURRENT LIABILITIES	$23.3B
Long-Term Debt	$10.1B
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$12.6B
TOTAL LIABILITIES	$35.9B
Common Stock	$2.7B
Additional Paid-In Capital	$2.7B
Retained Earnings	$677M
Treasury Stock	$0
Accum. Other Comp. Income	-$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$1.1K
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$40.1B
Total Debt	$10.5B
Net Debt	$8.8B