BLX Q1 2019 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q1 2019 Earnings

Reported May 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$77M	$82M	$60M	-6.0%	28.5%
Op. Income	$21M	$21M	$14M	2.5%	46.5%
Gross Margin	40.6%	43.4%	45.0%	-2.8pp	-4.4pp
Net Margin	27.7%	25.4%	24.3%	2.3pp	3.4pp
EPS (Diluted)	$0.54	$0.52	$0.37	3.8%	45.9%
Free Cash Flow	$107M	$132M	$222M	-19.1%	-52.0%

Revenue Flow

Item	Amount
REVENUE	$77M
Cost of Revenue	$46M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$4M
Operating Expenses	$10M
Cost & Expenses	$55M
OPERATING INCOME	$21M
Interest Income	$74M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$0
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$855.0K
EBIT	$21M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$77M
Cost of Revenue	$46M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$4M
Operating Expenses	$10M
Cost & Expenses	$55M
OPERATING INCOME	$21M
Interest Income	$74M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$0
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$855.0K
EBIT	$21M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$855.0K
Stock-Based Compensation	$460.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$8M
Change in Working Capital	$92M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$25.0K
Acquisitions (Net)	$0
Purchases of Investments	-$200.0K
Sales/Maturities of Investments	$17M
Other Investing Activities	$0
NET CASH FROM INVESTING	$17M
Net Debt Issuance	-$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$15M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$107M
Net Change in Cash	-$936M

Balance Sheet

Item	Amount
Cash & Equivalents	$804M
Short-Term Investments	$0
Net Receivables	$48M
Inventory	$0
Other Current Assets	$5.5B
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$23M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$107M
Tax Assets	-$5.7B
Other Non-Current Assets	$5.7B
TOTAL NON-CURRENT ASSETS	$131M
TOTAL ASSETS	$6.5B
Account Payables	$23M
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	-$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.4B
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$5.5B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$427M
Treasury Stock	-$61M
Accum. Other Comp. Income	$231M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$997M
Minority Interest	$0
TOTAL EQUITY	$997M
TOTAL LIABILITIES & EQUITY	$6.5B
Total Debt	$2.5B
Net Debt	$1.7B