BLX Q1 2020 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q1 2020 Earnings

Reported May 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$62M	$71M	$77M	-12.2%	-19.2%
Op. Income	$18M	$22M	$21M	-17.2%	-13.9%
Gross Margin	46.6%	47.3%	40.6%	-0.7pp	6.0pp
Net Margin	29.5%	31.3%	27.7%	-1.8pp	1.8pp
EPS (Diluted)	$0.46	$0.56	$0.54	-17.9%	-14.8%
Free Cash Flow	$66M	-$276M	$107M	123.8%	-38.2%

Revenue Flow

Item	Amount
REVENUE	$62M
Cost of Revenue	$33M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$4M
Operating Expenses	$11M
Cost & Expenses	$44M
OPERATING INCOME	$18M
Interest Income	$59M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$0
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$926.0K
EBIT	$18M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$62M
Cost of Revenue	$33M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$4M
Operating Expenses	$11M
Cost & Expenses	$44M
OPERATING INCOME	$18M
Interest Income	$59M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$0
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$926.0K
EBIT	$18M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$926.0K
Stock-Based Compensation	$484.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$2M
Change in Working Capital	$48M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$9.0K
Acquisitions (Net)	$0
Purchases of Investments	-$15M
Sales/Maturities of Investments	$17M
Other Investing Activities	$0
NET CASH FROM INVESTING	$2M
Net Debt Issuance	$72M
Common Stock Repurchased	$0
Common Dividends Paid	-$15M
Other Financing Activities	$13M
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	$66M
Net Change in Cash	$138M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$43M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	$76M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.8B
Account Payables	$17M
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$121M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$5.8B
Common Stock	$280M
Additional Paid-In Capital	$121M
Retained Earnings	$449M
Treasury Stock	-$59M
Accum. Other Comp. Income	$229M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$3.2B
Net Debt	$1.8B