GGAL FY 2023 Earnings Report — Grupo Financiero Galicia S.A. Revenue & Financial Results | Market Cap Arena

Grupo Financiero Galicia S.A.GGAL

FY 2023 Earnings

Reported April 26, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$10.0B	—	—	—	—
Op. Income	$852M	—	—	—	—
Gross Margin	49.5%	—	—	—	—
Net Margin	5.3%	—	—	—	—
EPS (Diluted)	$3.90	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$5.1B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$793M
SG&A Expenses	$816M
Other Expenses	$3.3B
Operating Expenses	$4.1B
Cost & Expenses	$9.2B
OPERATING INCOME	$852M
Interest Income	$7.5B
Interest Expense	$4.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$852M
Income Tax Expense	$323M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$132M
EBIT	$852M
EBITDA	$984M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$5.1B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$793M
SG&A Expenses	$816M
Other Expenses	$3.3B
Operating Expenses	$4.1B
Cost & Expenses	$9.2B
OPERATING INCOME	$852M
Interest Income	$7.5B
Interest Expense	$4.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$852M
Income Tax Expense	$323M
Net Income from Continuing Ops	$529M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$529M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$529M
D&A	$132M
EBIT	$852M
EBITDA	$984M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$528M
Depreciation & Amortization	$61M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$4.8B
Change in Working Capital	-$895M
OPERATING CASH FLOW	$4.5B
Capital Expenditure	-$52M
Acquisitions (Net)	-$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$65M
NET CASH FROM INVESTING	-$128M
Net Debt Issuance	-$36M
Common Stock Repurchased	$0
Common Dividends Paid	-$129M
Other Financing Activities	-$195M
NET CASH FROM FINANCING	-$361M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	-$1.6B
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$256M
Goodwill	$0
Intangible Assets	$89M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$13.4B
TOTAL NON-CURRENT ASSETS	$15.6B
TOTAL ASSETS	$7.4B
Account Payables	$104M
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	-$37M
TOTAL CURRENT LIABILITIES	$541M
Long-Term Debt	$314M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.4B
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$5.9B
Common Stock	$1M
Additional Paid-In Capital	$12M
Retained Earnings	-$156M
Treasury Stock	$0
Accum. Other Comp. Income	$518M
Other Equity	$1.1B
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$56.2K
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$336M
Net Debt	-$1.1B