BLX FY 2021 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2021 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$156M	—	$188M	—	-17.2%
Op. Income	$63M	—	$64M	—	-1.4%
Gross Margin	65.3%	—	53.0%	—	12.3pp
Net Margin	40.3%	—	33.8%	—	6.5pp
EPS (Diluted)	$1.62	—	$1.60	—	1.3%
Free Cash Flow	-$873M	—	$1.2B	—	-170.1%

Revenue Flow

Item	Amount
REVENUE	$156M
Cost of Revenue	$54M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$179.0K
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$9M
Operating Expenses	$39M
Cost & Expenses	$93M
OPERATING INCOME	$63M
Interest Income	$141M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$0
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$3M
EBIT	$63M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$156M
Cost of Revenue	$54M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$179.0K
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$9M
Operating Expenses	$39M
Cost & Expenses	$93M
OPERATING INCOME	$63M
Interest Income	$141M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$0
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$3M
EBIT	$63M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	-$955M
OPERATING CASH FLOW	-$872M
Capital Expenditure	-$806.0K
Acquisitions (Net)	$0
Purchases of Investments	-$628M
Sales/Maturities of Investments	$183M
Other Investing Activities	-$353.0K
NET CASH FROM INVESTING	-$446M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$60M
Common Dividends Paid	-$39M
Other Financing Activities	$417M
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	-$873M
Net Change in Cash	$365M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$25M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$6.5B
Tax Assets	$0
Other Non-Current Assets	$204M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$8.0B
Account Payables	$15M
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$237M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$7.0B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$488M
Treasury Stock	-$116M
Accum. Other Comp. Income	$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$992M
Minority Interest	$0
TOTAL EQUITY	$992M
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$3.7B
Net Debt	$2.5B