BLX Q4 2018 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q4 2018 Earnings

Reported April 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$82M	$13M	$62M	542.3%	31.0%
Op. Income	$21M	-$41M	$21M	150.9%	0.7%
Gross Margin	43.4%	-631.3%	54.1%	674.8pp	-10.7pp
Net Margin	25.4%	-320.7%	33.1%	346.1pp	-7.7pp
EPS (Diluted)	$0.52	$-1.03	$0.52	150.5%	0.0%
Free Cash Flow	$132M	-$353M	-$236M	137.3%	155.9%

Revenue Flow

Item	Amount
REVENUE	$82M
Cost of Revenue	$46M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$8M
Operating Expenses	$15M
Cost & Expenses	$61M
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	$490.0K
EBIT	$21M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$82M
Cost of Revenue	$46M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$7M
SG&A Expenses	$7M
Other Expenses	$8M
Operating Expenses	$15M
Cost & Expenses	$61M
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	$490.0K
EBIT	$21M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$490.0K
Stock-Based Compensation	$464.0K
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	$86M
OPERATING CASH FLOW	$131M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$21M
Sales/Maturities of Investments	$5M
Other Investing Activities	-$13.0K
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	$841M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$0
NET CASH FROM FINANCING	$826M
FREE CASH FLOW	$132M
Net Change in Cash	$941M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$0
Net Receivables	$55M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$5.8B
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$7.6B
Account Payables	$26M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$6.6B
Common Stock	$280M
Additional Paid-In Capital	$120M
Retained Earnings	$423M
Treasury Stock	-$61M
Accum. Other Comp. Income	$232M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$994M
Minority Interest	$0
TOTAL EQUITY	$994M
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$3.6B
Net Debt	$1.8B