BPOP FY 2013 Earnings Report — Popular, Inc. Revenue & Financial Results | Market Cap Arena

Popular, Inc.BPOP

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.1B	—	13.2%
Op. Income	$307M	—	$181M	—	69.8%
Gross Margin	62.4%	—	64.4%	—	-2.0pp
Net Margin	24.8%	—	11.5%	—	13.3pp
EPS (Diluted)	$5.78	—	$2.35	—	146.0%
Free Cash Flow	$781M	—	$467M	—	67.2%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$909M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$59M
General & Administrative	$696M
SG&A Expenses	$755M
Other Expenses	$447M
Operating Expenses	$1.2B
Cost & Expenses	$2.1B
OPERATING INCOME	$307M
Interest Income	$1.6B
Interest Expense	$303M
Other Income/Expenses	$0
INCOME BEFORE TAX	$307M
Income Tax Expense	-$251M
Net Income from Continuing Ops	$559M
Net Income from Discontinued Ops	$41M
Other Adjustments	$0
NET INCOME	$599M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$596M
D&A	$58M
EBIT	$307M
EBITDA	$366M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$909M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$59M
General & Administrative	$696M
SG&A Expenses	$755M
Other Expenses	$447M
Operating Expenses	$1.2B
Cost & Expenses	$2.1B
OPERATING INCOME	$307M
Interest Income	$1.6B
Interest Expense	$303M
Other Income/Expenses	$0
INCOME BEFORE TAX	$307M
Income Tax Expense	-$251M
Net Income from Continuing Ops	$559M
Net Income from Discontinued Ops	$41M
Other Adjustments	$0
NET INCOME	$599M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$596M
D&A	$58M
EBIT	$307M
EBITDA	$366M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$599M
Depreciation & Amortization	$58M
Stock-Based Compensation	$0
Deferred Income Tax	-$289M
Other Non-Cash Items	-$958M
Change in Working Capital	$1.4B
OPERATING CASH FLOW	$819M
Capital Expenditure	-$39M
Acquisitions (Net)	$0
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$54M
NET CASH FROM INVESTING	$303M
Net Debt Issuance	-$460M
Common Stock Repurchased	-$437.0K
Common Dividends Paid	-$4M
Other Financing Activities	-$681M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$781M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$4.0B
Net Receivables	$747M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.0B
PP&E (Net)	$520M
Goodwill	$648M
Intangible Assets	$206M
Long-Term Investments	$24.1B
Tax Assets	$762M
Other Non-Current Assets	$3.5B
TOTAL NON-CURRENT ASSETS	$29.5B
TOTAL ASSETS	$35.7B
Account Payables	$0
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$26.7B
TOTAL CURRENT LIABILITIES	$28.8B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$767M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$31.1B
Common Stock	$1M
Additional Paid-In Capital	$4.2B
Retained Earnings	$594M
Treasury Stock	-$881.0K
Accum. Other Comp. Income	-$189M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$0
TOTAL EQUITY	$4.6B
TOTAL LIABILITIES & EQUITY	$35.7B
Total Debt	$3.6B
Net Debt	$2.5B