BPOP FY 2019 Earnings Report — Popular, Inc. Revenue & Financial Results | Market Cap Arena

Popular, Inc.BPOP

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.6B	—	5.5%
Op. Income	$818M	—	$738M	—	10.9%
Gross Margin	80.8%	—	80.5%	—	0.3pp
Net Margin	24.0%	—	23.4%	—	0.7pp
EPS (Diluted)	$6.88	—	$6.06	—	13.5%
Free Cash Flow	$619M	—	$767M	—	-19.2%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$535M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$75M
General & Administrative	$880M
SG&A Expenses	$955M
Other Expenses	$484M
Operating Expenses	$1.4B
Cost & Expenses	$2.0B
OPERATING INCOME	$818M
Interest Income	$2.3B
Interest Expense	$369M
Other Income/Expenses	$0
INCOME BEFORE TAX	$818M
Income Tax Expense	$147M
Net Income from Continuing Ops	$671M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$671M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$667M
D&A	$67M
EBIT	$818M
EBITDA	$886M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$535M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$75M
General & Administrative	$880M
SG&A Expenses	$955M
Other Expenses	$484M
Operating Expenses	$1.4B
Cost & Expenses	$2.0B
OPERATING INCOME	$818M
Interest Income	$2.3B
Interest Expense	$369M
Other Income/Expenses	$0
INCOME BEFORE TAX	$818M
Income Tax Expense	$147M
Net Income from Continuing Ops	$671M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$671M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$667M
D&A	$67M
EBIT	$818M
EBITDA	$886M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$671M
Depreciation & Amortization	$67M
Stock-Based Compensation	$12M
Deferred Income Tax	$141M
Other Non-Cash Items	-$478M
Change in Working Capital	$291M
OPERATING CASH FLOW	$705M
Capital Expenditure	-$86M
Acquisitions (Net)	$0
Purchases of Investments	-$18.7B
Sales/Maturities of Investments	$15.7B
Other Investing Activities	-$1.0B
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	-$137M
Common Stock Repurchased	-$251M
Common Dividends Paid	-$116M
Other Financing Activities	$4.0B
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	$619M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$17.4B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$22.7B
PP&E (Net)	$719M
Goodwill	$671M
Intangible Assets	$180M
Long-Term Investments	$26.5B
Tax Assets	$886M
Other Non-Current Assets	$477M
TOTAL NON-CURRENT ASSETS	$29.4B
TOTAL ASSETS	$52.1B
Account Payables	$114M
Short-Term Debt	$296M
Deferred Revenue	$0
Other Current Liabilities	$43.7B
TOTAL CURRENT LIABILITIES	$44.4B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$341M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$46.1B
Common Stock	$1M
Additional Paid-In Capital	$4.4B
Retained Earnings	$2.1B
Treasury Stock	-$460M
Accum. Other Comp. Income	-$170M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$0
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$52.1B
Total Debt	$1.6B
Net Debt	-$2.1B