BCH FY 2019 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2019 Earnings

Reported April 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.1B	—	$2.8B	—	9.3%
Op. Income	$875M	—	$859M	—	1.8%
Gross Margin	60.7%	—	62.8%	—	-2.1pp
Net Margin	22.1%	—	24.1%	—	-2.0pp
EPS (Diluted)	$1.32	—	$1.33	—	-0.3%
Free Cash Flow	$1.5B	—	-$1.6B	—	195.4%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$835M
SG&A Expenses	$866M
Other Expenses	$126M
Operating Expenses	$992M
Cost & Expenses	$2.2B
OPERATING INCOME	$875M
Interest Income	$2.4B
Interest Expense	$835M
Other Income/Expenses	$0
INCOME BEFORE TAX	$875M
Income Tax Expense	$195M
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	$79M
EBIT	$875M
EBITDA	$954M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$835M
SG&A Expenses	$866M
Other Expenses	$126M
Operating Expenses	$992M
Cost & Expenses	$2.2B
OPERATING INCOME	$875M
Interest Income	$2.4B
Interest Expense	$835M
Other Income/Expenses	$0
INCOME BEFORE TAX	$875M
Income Tax Expense	$195M
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	$79M
EBIT	$875M
EBITDA	$954M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$679M
Depreciation & Amortization	$79M
Stock-Based Compensation	$0
Deferred Income Tax	-$66M
Other Non-Cash Items	$627M
Change in Working Capital	$243M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$74M
Acquisitions (Net)	-$755.1K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$395M
NET CASH FROM INVESTING	-$446M
Net Debt Issuance	$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$401M
Other Financing Activities	$48M
NET CASH FROM FINANCING	$903M
FREE CASH FLOW	$1.5B
Net Change in Cash	$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$1.5B
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$574M
Goodwill	$19M
Intangible Assets	$84M
Long-Term Investments	$35.7B
Tax Assets	$260M
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$39.1B
TOTAL ASSETS	$46.2B
Account Payables	$260M
Short-Term Debt	$347M
Deferred Revenue	$0
Other Current Liabilities	$25.0B
TOTAL CURRENT LIABILITIES	$25.6B
Long-Term Debt	$11.7B
Deferred Revenue NC	$141M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.2B
TOTAL NON-CURRENT LIABILITIES	$16.2B
TOTAL LIABILITIES	$41.8B
Common Stock	$2.7B
Additional Paid-In Capital	$0
Retained Earnings	$849M
Treasury Stock	$0
Accum. Other Comp. Income	$824M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$1.1K
TOTAL EQUITY	$4.4B
TOTAL LIABILITIES & EQUITY	$46.2B
Total Debt	$12.2B
Net Debt	$8.6B