BPOP FY 2012 Earnings Report — Popular, Inc. Revenue & Financial Results | Market Cap Arena

Popular, Inc.BPOP

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.5B	—	-16.2%
Op. Income	$181M	—	$266M	—	-32.0%
Gross Margin	64.4%	—	57.6%	—	6.9pp
Net Margin	11.5%	—	5.9%	—	5.5pp
EPS (Diluted)	$2.35	—	$1.40	—	67.9%
Free Cash Flow	$467M	—	$625M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$760M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$61M
General & Administrative	$722M
SG&A Expenses	$783M
Other Expenses	$413M
Operating Expenses	$1.2B
Cost & Expenses	$2.0B
OPERATING INCOME	$181M
Interest Income	$1.6B
Interest Expense	$363M
Other Income/Expenses	$0
INCOME BEFORE TAX	$181M
Income Tax Expense	-$26M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$38M
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$57M
EBIT	$181M
EBITDA	$238M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$760M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$61M
General & Administrative	$722M
SG&A Expenses	$783M
Other Expenses	$413M
Operating Expenses	$1.2B
Cost & Expenses	$2.0B
OPERATING INCOME	$181M
Interest Income	$1.6B
Interest Expense	$363M
Other Income/Expenses	$0
INCOME BEFORE TAX	$181M
Income Tax Expense	-$26M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$38M
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$57M
EBIT	$181M
EBITDA	$238M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$245M
Depreciation & Amortization	$57M
Stock-Based Compensation	$0
Deferred Income Tax	-$135M
Other Non-Cash Items	-$963M
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$524M
Capital Expenditure	-$57M
Acquisitions (Net)	$0
Purchases of Investments	-$2.1B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	$26M
NET CASH FROM INVESTING	$237M
Net Debt Issuance	$232M
Common Stock Repurchased	-$450.0K
Common Dividends Paid	-$4M
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$857M
FREE CASH FLOW	$467M
Net Change in Cash	-$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$3.5B
Net Receivables	$804M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.7B
PP&E (Net)	$536M
Goodwill	$648M
Intangible Assets	$209M
Long-Term Investments	$24.4B
Tax Assets	$541M
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$30.5B
TOTAL ASSETS	$36.5B
Account Payables	$0
Short-Term Debt	$2.7B
Deferred Revenue	$0
Other Current Liabilities	$27.0B
TOTAL CURRENT LIABILITIES	$29.7B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$966M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$32.4B
Common Stock	$1M
Additional Paid-In Capital	$4.2B
Retained Earnings	$12M
Treasury Stock	-$444.0K
Accum. Other Comp. Income	-$103M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$36.5B
Total Debt	$4.4B
Net Debt	$3.2B