BLX FY 2016 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2016 Earnings

Reported April 28, 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	$224M	—	$243M	—	-8.2%
Op. Income	$87M	—	$104M	—	-16.3%
Gross Margin	43.7%	—	64.0%	—	-20.3pp
Net Margin	38.9%	—	42.7%	—	-3.8pp
EPS (Diluted)	$2.22	—	$2.66	—	-16.5%
Free Cash Flow	$777M	—	$419M	—	85.5%

Revenue Flow

Item	Amount
REVENUE	$224M
Cost of Revenue	$126M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$785.0K
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	-$27M
Operating Expenses	$11M
Cost & Expenses	$137M
OPERATING INCOME	$87M
Interest Income	$246M
Interest Expense	$91M
Other Income/Expenses	$0
INCOME BEFORE TAX	$87M
Income Tax Expense	$0
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$2M
EBIT	$87M
EBITDA	$89M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$224M
Cost of Revenue	$126M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$785.0K
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	-$27M
Operating Expenses	$11M
Cost & Expenses	$137M
OPERATING INCOME	$87M
Interest Income	$246M
Interest Expense	$91M
Other Income/Expenses	$0
INCOME BEFORE TAX	$87M
Income Tax Expense	$0
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$2M
EBIT	$87M
EBITDA	$89M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$2M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$12M
Change in Working Capital	$680M
OPERATING CASH FLOW	$784M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$109M
Sales/Maturities of Investments	$264M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	$148M
Net Debt Issuance	-$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$60M
Other Financing Activities	-$113M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$777M
Net Change in Cash	-$260M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$50M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$3M
Long-Term Investments	$6.0B
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$7.2B
Account Payables	$28M
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$4.3B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$88M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$6.2B
Common Stock	$280M
Additional Paid-In Capital	$121M
Retained Earnings	$588M
Treasury Stock	-$69M
Accum. Other Comp. Income	$92M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$3.2B
Net Debt	$2.2B