GGAL FY 2017 Earnings Report — Grupo Financiero Galicia S.A. Revenue & Financial Results | Market Cap Arena

Grupo Financiero Galicia S.A.GGAL

FY 2017 Earnings

Reported April 19, 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	$107M	—	$35M	—	200.7%
Op. Income	$17M	—	$7M	—	144.9%
Gross Margin	66.7%	—	59.2%	—	7.4pp
Net Margin	7.1%	—	12.2%	—	-5.2pp
EPS (Diluted)	$0.10	—	$0.03	—	187.9%
Free Cash Flow	-$35M	—	$17M	—	-301.1%

Revenue Flow

Item	Amount
REVENUE	$107M
Cost of Revenue	$36M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$624.7K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$19M
Operating Expenses	$55M
Cost & Expenses	$90M
OPERATING INCOME	$17M
Interest Income	$61M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$8M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$17M
EBITDA	$18M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$107M
Cost of Revenue	$36M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$624.7K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$19M
Operating Expenses	$55M
Cost & Expenses	$90M
OPERATING INCOME	$17M
Interest Income	$61M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$8M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$17M
EBITDA	$18M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$19M
Change in Working Capital	-$59M
OPERATING CASH FLOW	-$31M
Capital Expenditure	-$4M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$943.4K
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$619.1K
Other Financing Activities	$11M
NET CASH FROM FINANCING	$15M
FREE CASH FLOW	-$35M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$31M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$41M
Tax Assets	$0
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$322M
TOTAL ASSETS	$353M
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$11M
TOTAL CURRENT LIABILITIES	$11M
Long-Term Debt	$51M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$248M
TOTAL NON-CURRENT LIABILITIES	$299M
TOTAL LIABILITIES	$304M
Common Stock	$1M
Additional Paid-In Capital	$8M
Retained Earnings	$21M
Treasury Stock	$0
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$46M
Minority Interest	$2M
TOTAL EQUITY	$49M
TOTAL LIABILITIES & EQUITY	$353M
Total Debt	$51M
Net Debt	$20M