BLX FY 2017 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2017 Earnings

Reported April 30, 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	$235M	—	$224M	—	5.2%
Op. Income	$82M	—	$87M	—	-5.8%
Gross Margin	50.6%	—	43.7%	—	6.9pp
Net Margin	34.9%	—	38.9%	—	-4.1pp
EPS (Diluted)	$2.08	—	$2.22	—	-6.3%
Free Cash Flow	$710M	—	$777M	—	-8.6%

Revenue Flow

Item	Amount
REVENUE	$235M
Cost of Revenue	$116M
GROSS PROFIT	$119M
R&D Expenses	$0
Selling & Marketing	$683.0K
General & Administrative	$39M
SG&A Expenses	$39M
Other Expenses	-$2M
Operating Expenses	$37M
Cost & Expenses	$153M
OPERATING INCOME	$82M
Interest Income	$226M
Interest Expense	$106M
Other Income/Expenses	$0
INCOME BEFORE TAX	$82M
Income Tax Expense	$0
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$2M
EBIT	$82M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$235M
Cost of Revenue	$116M
GROSS PROFIT	$119M
R&D Expenses	$0
Selling & Marketing	$683.0K
General & Administrative	$39M
SG&A Expenses	$39M
Other Expenses	-$2M
Operating Expenses	$37M
Cost & Expenses	$153M
OPERATING INCOME	$82M
Interest Income	$226M
Interest Expense	$106M
Other Income/Expenses	$0
INCOME BEFORE TAX	$82M
Income Tax Expense	$0
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$2M
EBIT	$82M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$2M
Stock-Based Compensation	$296.0K
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	$609M
OPERATING CASH FLOW	$716M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$35M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	$10M
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$27.0K
Common Dividends Paid	-$61M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$710M
Net Change in Cash	-$389M

Balance Sheet

Item	Amount
Cash & Equivalents	$672M
Short-Term Investments	$0
Net Receivables	$36M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$708M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$5M
Long-Term Investments	$5.5B
Tax Assets	$0
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$6.3B
Account Payables	$25M
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$5.2B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$480M
Treasury Stock	-$63M
Accum. Other Comp. Income	$226M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.2B
Net Debt	$1.5B