BLX Q4 2023 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q4 2023 Earnings

Reported April 25, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$177M	$194M	$114M	-8.4%	55.4%
Op. Income	$46M	$46M	$31M	1.4%	49.5%
Gross Margin	22.0%	33.7%	23.6%	-11.7pp	-1.6pp
Net Margin	26.1%	23.6%	27.2%	2.5pp	-1.0pp
EPS (Diluted)	$1.27	$1.25	$0.85	1.6%	49.4%
Free Cash Flow	$25M	$64M	$160M	-61.4%	-84.6%

Revenue Flow

Item	Amount
REVENUE	$177M
Cost of Revenue	$138M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	-$34M
Operating Expenses	-$7M
Cost & Expenses	$131M
OPERATING INCOME	$46M
Interest Income	$194M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$0
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$822.0K
EBIT	$46M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$177M
Cost of Revenue	$138M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	-$34M
Operating Expenses	-$7M
Cost & Expenses	$131M
OPERATING INCOME	$46M
Interest Income	$194M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$0
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$822.0K
EBIT	$46M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$822.0K
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$434.0K
Acquisitions (Net)	$0
Purchases of Investments	-$77M
Sales/Maturities of Investments	$64M
Other Investing Activities	-$360.0K
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	$325M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$115M
NET CASH FROM FINANCING	$431M
FREE CASH FLOW	$25M
Net Change in Cash	$443M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$12M
Net Receivables	$116M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$3M
Long-Term Investments	$8.3B
Tax Assets	$0
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$8.6B
TOTAL ASSETS	$10.7B
Account Payables	$97M
Short-Term Debt	$2.0B
Deferred Revenue	$10M
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$2.6B
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$312M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$9.5B
Common Stock	$280M
Additional Paid-In Capital	$122M
Retained Earnings	$673M
Treasury Stock	-$110M
Accum. Other Comp. Income	$239M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$4.7B
Net Debt	$2.6B