BLX FY 2020 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2020 Earnings

Reported April 29, 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	$188M	—	$289M	—	-35.0%
Op. Income	$64M	—	$86M	—	-26.1%
Gross Margin	53.0%	—	43.3%	—	9.7pp
Net Margin	33.8%	—	29.7%	—	4.1pp
EPS (Diluted)	$1.60	—	$2.17	—	-26.3%
Free Cash Flow	$1.2B	—	-$94M	—	1425.2%

Revenue Flow

Item	Amount
REVENUE	$188M
Cost of Revenue	$89M
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$100.0K
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$8M
Operating Expenses	$36M
Cost & Expenses	$125M
OPERATING INCOME	$64M
Interest Income	$181M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$64M
Income Tax Expense	$0
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$4M
EBIT	$64M
EBITDA	$68M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$188M
Cost of Revenue	$89M
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$100.0K
General & Administrative	$28M
SG&A Expenses	$28M
Other Expenses	$8M
Operating Expenses	$36M
Cost & Expenses	$125M
OPERATING INCOME	$64M
Interest Income	$181M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$64M
Income Tax Expense	$0
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$4M
EBIT	$64M
EBITDA	$68M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$12M
Change in Working Capital	$1.2B
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$372M
Sales/Maturities of Investments	$54M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$320M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$45M
Other Financing Activities	-$30M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$314M

Balance Sheet

Item	Amount
Cash & Equivalents	$864M
Short-Term Investments	$0
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$895M
PP&E (Net)	$16M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	$80M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.3B
Account Payables	$17M
Short-Term Debt	$392M
Deferred Revenue	$0
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$90M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$5.3B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$464M
Treasury Stock	-$58M
Accum. Other Comp. Income	$231M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.0B
Net Debt	$1.1B