BPOP FY 2018 Earnings Report — Popular, Inc. Revenue & Financial Results | Market Cap Arena

Popular, Inc.BPOP

FY 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.1B	—	24.9%
Op. Income	$738M	—	$339M	—	117.9%
Gross Margin	80.5%	—	74.1%	—	6.5pp
Net Margin	23.4%	—	5.1%	—	18.3pp
EPS (Diluted)	$6.06	—	$1.02	—	494.1%
Free Cash Flow	$767M	—	$574M	—	33.7%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$515M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$830M
SG&A Expenses	$896M
Other Expenses	$498M
Operating Expenses	$1.4B
Cost & Expenses	$1.9B
OPERATING INCOME	$738M
Interest Income	$2.0B
Interest Expense	$287M
Other Income/Expenses	$0
INCOME BEFORE TAX	$738M
Income Tax Expense	$120M
Net Income from Continuing Ops	$618M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$618M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$614M
D&A	$63M
EBIT	$738M
EBITDA	$800M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$515M
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$830M
SG&A Expenses	$896M
Other Expenses	$498M
Operating Expenses	$1.4B
Cost & Expenses	$1.9B
OPERATING INCOME	$738M
Interest Income	$2.0B
Interest Expense	$287M
Other Income/Expenses	$0
INCOME BEFORE TAX	$738M
Income Tax Expense	$120M
Net Income from Continuing Ops	$618M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$618M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$614M
D&A	$63M
EBIT	$738M
EBITDA	$800M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$618M
Depreciation & Amortization	$63M
Stock-Based Compensation	$11M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$371M
Change in Working Capital	$540M
OPERATING CASH FLOW	$848M
Capital Expenditure	-$81M
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$10.1B
Sales/Maturities of Investments	$8.1B
Other Investing Activities	-$469M
NET CASH FROM INVESTING	-$4.4B
Net Debt Issuance	-$391M
Common Stock Repurchased	-$125M
Common Dividends Paid	-$105M
Other Financing Activities	$4.1B
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	$767M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.6B
Short-Term Investments	$13.0B
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19.0B
PP&E (Net)	$570M
Goodwill	$671M
Intangible Assets	$197M
Long-Term Investments	$25.6B
Tax Assets	$1.0B
Other Non-Current Assets	$573M
TOTAL NON-CURRENT ASSETS	$28.6B
TOTAL ASSETS	$47.6B
Account Payables	$111M
Short-Term Debt	$416M
Deferred Revenue	$0
Other Current Liabilities	$39.7B
TOTAL CURRENT LIABILITIES	$40.5B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$375M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$42.2B
Common Stock	$1M
Additional Paid-In Capital	$4.4B
Retained Earnings	$1.7B
Treasury Stock	-$206M
Accum. Other Comp. Income	-$428M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.4B
Minority Interest	$0
TOTAL EQUITY	$5.4B
TOTAL LIABILITIES & EQUITY	$47.6B
Total Debt	$1.7B
Net Debt	-$2.9B