BLX FY 2019 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2019 Earnings

Reported April 30, 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	$289M	—	$218M	—	33.0%
Op. Income	$86M	—	$11M	—	672.6%
Gross Margin	43.3%	—	31.6%	—	11.6pp
Net Margin	29.7%	—	5.1%	—	24.6pp
EPS (Diluted)	$2.17	—	$0.28	—	675.0%
Free Cash Flow	-$94M	—	-$174M	—	46.1%

Revenue Flow

Item	Amount
REVENUE	$289M
Cost of Revenue	$164M
GROSS PROFIT	$125M
R&D Expenses	$0
Selling & Marketing	$290.0K
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$7M
Operating Expenses	$39M
Cost & Expenses	$203M
OPERATING INCOME	$86M
Interest Income	$274M
Interest Expense	$164M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$0
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$4M
EBIT	$86M
EBITDA	$90M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$289M
Cost of Revenue	$164M
GROSS PROFIT	$125M
R&D Expenses	$0
Selling & Marketing	$290.0K
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$7M
Operating Expenses	$39M
Cost & Expenses	$203M
OPERATING INCOME	$86M
Interest Income	$274M
Interest Expense	$164M
Other Income/Expenses	$0
INCOME BEFORE TAX	$86M
Income Tax Expense	$0
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$4M
EBIT	$86M
EBITDA	$90M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$25M
Change in Working Capital	-$159M
OPERATING CASH FLOW	-$92M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$50M
Other Investing Activities	$4.0K
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$427M
Common Stock Repurchased	$0
Common Dividends Paid	-$59M
Other Financing Activities	$764.0K
NET CASH FROM FINANCING	-$485M
FREE CASH FLOW	-$94M
Net Change in Cash	-$546M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$42M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$89M
Tax Assets	$0
Other Non-Current Assets	-$109M
TOTAL NON-CURRENT ASSETS	$109M
TOTAL ASSETS	$7.2B
Account Payables	$18M
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	-$1.6B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.5B
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$6.2B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$446M
Treasury Stock	-$60M
Accum. Other Comp. Income	$229M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$3.1B
Net Debt	$2.0B