BPOP FY 2017 Earnings Report — Popular, Inc. Revenue & Financial Results | Market Cap Arena

Popular, Inc.BPOP

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	10.8%
Op. Income	$339M	—	$294M	—	15.0%
Gross Margin	74.1%	—	80.0%	—	-5.9pp
Net Margin	5.1%	—	11.3%	—	-6.3pp
EPS (Diluted)	$1.02	—	$2.06	—	-50.5%
Free Cash Flow	$574M	—	$496M	—	15.6%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$549M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$725M
SG&A Expenses	$784M
Other Expenses	$447M
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$339M
Interest Income	$1.7B
Interest Expense	$224M
Other Income/Expenses	$0
INCOME BEFORE TAX	$339M
Income Tax Expense	$231M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$58M
EBIT	$339M
EBITDA	$396M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$549M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$725M
SG&A Expenses	$784M
Other Expenses	$447M
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$339M
Interest Income	$1.7B
Interest Expense	$224M
Other Income/Expenses	$0
INCOME BEFORE TAX	$339M
Income Tax Expense	$231M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$58M
EBIT	$339M
EBITDA	$396M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$58M
Stock-Based Compensation	$0
Deferred Income Tax	$207M
Other Non-Cash Items	-$114M
Change in Working Capital	$378M
OPERATING CASH FLOW	$636M
Capital Expenditure	-$63M
Acquisitions (Net)	$0
Purchases of Investments	-$6.5B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$835M
NET CASH FROM INVESTING	-$5.4B
Net Debt Issuance	$54M
Common Stock Repurchased	-$76M
Common Dividends Paid	-$96M
Other Financing Activities	$4.9B
NET CASH FROM FINANCING	$4.8B
FREE CASH FLOW	$574M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.7B
Short-Term Investments	$9.8B
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$17.1B
PP&E (Net)	$547M
Goodwill	$627M
Intangible Assets	$204M
Long-Term Investments	$24.0B
Tax Assets	$1.0B
Other Non-Current Assets	$784M
TOTAL NON-CURRENT ASSETS	$27.2B
TOTAL ASSETS	$44.3B
Account Payables	$0
Short-Term Debt	$487M
Deferred Revenue	$0
Other Current Liabilities	$35.5B
TOTAL CURRENT LIABILITIES	$35.9B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$39.2B
Common Stock	$1M
Additional Paid-In Capital	$4.3B
Retained Earnings	$1.2B
Treasury Stock	-$90M
Accum. Other Comp. Income	-$351M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$44.3B
Total Debt	$2.0B
Net Debt	-$3.6B