BLX Q2 2018 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q2 2018 Earnings

Reported August 10, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$65M	$60M	$61M	8.8%	6.1%
Op. Income	$17M	$14M	$17M	14.7%	-4.9%
Gross Margin	44.8%	45.0%	49.2%	-0.2pp	-4.4pp
Net Margin	25.6%	24.3%	28.6%	1.3pp	-3.0pp
EPS (Diluted)	$0.42	$0.37	$0.44	13.5%	-4.5%
Free Cash Flow	-$170M	$222M	$315M	-176.5%	-153.9%

Revenue Flow

Item	Amount
REVENUE	$65M
Cost of Revenue	$36M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$6M
Operating Expenses	$12M
Cost & Expenses	$48M
OPERATING INCOME	$17M
Interest Income	$62M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$656.0K
EBIT	$17M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$65M
Cost of Revenue	$36M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$6M
Operating Expenses	$12M
Cost & Expenses	$48M
OPERATING INCOME	$17M
Interest Income	$62M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$656.0K
EBIT	$17M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$656.0K
Stock-Based Compensation	-$1.0K
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$182M
OPERATING CASH FLOW	-$163M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$11M
Sales/Maturities of Investments	$4M
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	$346M
Common Stock Repurchased	-$1.0K
Common Dividends Paid	-$15M
Other Financing Activities	-$48M
NET CASH FROM FINANCING	$282M
FREE CASH FLOW	-$170M
Net Change in Cash	$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$684M
Short-Term Investments	$0
Net Receivables	$45M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$728M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$5M
Long-Term Investments	$5.6B
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$6.3B
Account Payables	$22M
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$5.3B
Common Stock	$280M
Additional Paid-In Capital	$119M
Retained Earnings	$486M
Treasury Stock	-$59M
Accum. Other Comp. Income	$221M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.2B
Net Debt	$1.5B