BSAC Q1 2017 Earnings Report — Banco Santander-Chile Revenue & Financial Results | Market Cap Arena

Banco Santander-ChileBSAC

Q1 2017 Earnings

Reported May 25, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$726M	—	$697M	—	4.2%
Op. Income	$203M	—	$175M	—	15.8%
Gross Margin	56.7%	—	54.2%	—	2.5pp
Net Margin	22.1%	—	20.3%	—	1.8pp
EPS (Diluted)	$0.34	—	$0.30	—	13.4%
Free Cash Flow	-$475M	—	-$719M	—	33.9%

Revenue Flow

Item	Amount
REVENUE	$726M
Cost of Revenue	$314M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$176M
SG&A Expenses	$176M
Other Expenses	$33M
Operating Expenses	$209M
Cost & Expenses	$523M
OPERATING INCOME	$203M
Interest Income	$590M
Interest Expense	$231M
Other Income/Expenses	$0
INCOME BEFORE TAX	$203M
Income Tax Expense	$42M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$20M
EBIT	$203M
EBITDA	$223M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$726M
Cost of Revenue	$314M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$176M
SG&A Expenses	$176M
Other Expenses	$33M
Operating Expenses	$209M
Cost & Expenses	$523M
OPERATING INCOME	$203M
Interest Income	$590M
Interest Expense	$231M
Other Income/Expenses	$0
INCOME BEFORE TAX	$203M
Income Tax Expense	$42M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$20M
EBIT	$203M
EBITDA	$223M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$161M
Depreciation & Amortization	$20M
Stock-Based Compensation	$588M
Deferred Income Tax	-$44M
Other Non-Cash Items	$57M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	-$463M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$222.8K
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$9M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	-$475M
Net Change in Cash	-$517M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$3.2B
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$281M
Goodwill	$0
Intangible Assets	$67M
Long-Term Investments	$3.7B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$41.3B
Account Payables	$470M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$351M
TOTAL CURRENT LIABILITIES	$299M
Long-Term Debt	$10.3B
Deferred Revenue NC	$553.7K
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10.3B
TOTAL LIABILITIES	$37.9B
Common Stock	$1.0B
Additional Paid-In Capital	$0
Retained Earnings	$484M
Treasury Stock	$0
Accum. Other Comp. Income	$1.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$34M
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$41.3B
Total Debt	$10.3B
Net Debt	$7.0B