BCH FY 2020 Earnings Report — Banco de Chile Revenue & Financial Results | Market Cap Arena

Banco de ChileBCH

FY 2020 Earnings

Reported April 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.8B	—	$3.1B	—	-9.0%
Op. Income	$568M	—	$875M	—	-35.1%
Gross Margin	55.3%	—	60.7%	—	-5.4pp
Net Margin	16.1%	—	22.1%	—	-5.9pp
EPS (Diluted)	$0.90	—	$1.32	—	-32.2%
Free Cash Flow	-$2.8B	—	$1.5B	—	-290.5%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$813M
SG&A Expenses	$840M
Other Expenses	$140M
Operating Expenses	$980M
Cost & Expenses	$2.2B
OPERATING INCOME	$568M
Interest Income	$2.1B
Interest Expense	$630M
Other Income/Expenses	$0
INCOME BEFORE TAX	$568M
Income Tax Expense	$116M
Net Income from Continuing Ops	$452M
Net Income from Discontinued Ops	$0
Other Adjustments	$3.4K
NET INCOME	$452M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$452M
D&A	$83M
EBIT	$568M
EBITDA	$651M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$813M
SG&A Expenses	$840M
Other Expenses	$140M
Operating Expenses	$980M
Cost & Expenses	$2.2B
OPERATING INCOME	$568M
Interest Income	$2.1B
Interest Expense	$630M
Other Income/Expenses	$0
INCOME BEFORE TAX	$568M
Income Tax Expense	$116M
Net Income from Continuing Ops	$452M
Net Income from Discontinued Ops	$0
Other Adjustments	$3.4K
NET INCOME	$452M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$452M
D&A	$83M
EBIT	$568M
EBITDA	$651M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$452M
Depreciation & Amortization	$83M
Stock-Based Compensation	$0
Deferred Income Tax	-$66M
Other Non-Cash Items	$1.1B
Change in Working Capital	-$4.3B
OPERATING CASH FLOW	-$2.8B
Capital Expenditure	-$54M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$270M
NET CASH FROM INVESTING	$237M
Net Debt Issuance	-$395M
Common Stock Repurchased	$0
Common Dividends Paid	-$394M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	-$2.8B
Net Change in Cash	-$940M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$1.2B
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$475M
Goodwill	$19M
Intangible Assets	$87M
Long-Term Investments	$38.4B
Tax Assets	$329M
Other Non-Current Assets	$5.5B
TOTAL NON-CURRENT ASSETS	$44.8B
TOTAL ASSETS	$51.3B
Account Payables	$307M
Short-Term Debt	$325M
Deferred Revenue	$0
Other Current Liabilities	$27.1B
TOTAL CURRENT LIABILITIES	$27.7B
Long-Term Debt	$10.3B
Deferred Revenue NC	$86M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.5B
TOTAL NON-CURRENT LIABILITIES	$19.0B
TOTAL LIABILITIES	$46.8B
Common Stock	$2.7B
Additional Paid-In Capital	$0
Retained Earnings	$894M
Treasury Stock	$0
Accum. Other Comp. Income	$882M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$1.1K
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$51.3B
Total Debt	$10.8B
Net Debt	$7.4B