BLX Q2 2020 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q2 2020 Earnings

Reported August 7, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$43M	$62M	$76M	-31.1%	-44.0%
Op. Income	$14M	$18M	$22M	-22.9%	-36.7%
Gross Margin	52.7%	46.6%	43.1%	6.2pp	9.7pp
Net Margin	33.0%	29.5%	29.2%	3.5pp	3.8pp
EPS (Diluted)	$0.36	$0.46	$0.56	-21.7%	-35.7%
Free Cash Flow	$1.2B	$66M	$202M	1790.5%	515.8%

Revenue Flow

Item	Amount
REVENUE	$43M
Cost of Revenue	$20M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$4M
Operating Expenses	$8M
Cost & Expenses	$29M
OPERATING INCOME	$14M
Interest Income	$45M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$0
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$14M
EBITDA	$15M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$20M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$4M
Operating Expenses	$8M
Cost & Expenses	$29M
OPERATING INCOME	$14M
Interest Income	$45M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$0
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$14M
EBITDA	$15M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$1M
Stock-Based Compensation	$404.0K
Deferred Income Tax	$0
Other Non-Cash Items	$11M
Change in Working Capital	$1.2B
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$40.0K
Acquisitions (Net)	$0
Purchases of Investments	-$22M
Sales/Maturities of Investments	$6M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$513M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	-$43M
NET CASH FROM FINANCING	-$567M
FREE CASH FLOW	$1.2B
Net Change in Cash	$661M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$34M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$4.5B
Tax Assets	$0
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$6.6B
Account Payables	$13M
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$60M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$5.6B
Common Stock	$280M
Additional Paid-In Capital	$119M
Retained Earnings	$453M
Treasury Stock	-$58M
Accum. Other Comp. Income	$228M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$2.6B
Net Debt	$616M