IFS Q3 2022 Earnings Report — Intercorp Financial Services Inc. Revenue & Financial Results | Market Cap Arena

Intercorp Financial Services Inc.IFS

Q3 2022 Earnings

Reported November 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$621M	—	$499M	—	24.4%
Op. Income	$220M	—	$198M	—	11.5%
Gross Margin	69.6%	—	78.9%	—	-9.3pp
Net Margin	28.5%	—	31.9%	—	-3.4pp
EPS (Diluted)	$1.53	—	$1.38	—	11.1%
Free Cash Flow	$668M	—	$377M	—	77.3%

Revenue Flow

Item	Amount
REVENUE	$621M
Cost of Revenue	$189M
GROSS PROFIT	$432M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$181M
SG&A Expenses	$181M
Other Expenses	$31M
Operating Expenses	$212M
Cost & Expenses	$401M
OPERATING INCOME	$220M
Interest Income	$443M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$220M
Income Tax Expense	$41M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$26M
EBIT	$220M
EBITDA	$247M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$621M
Cost of Revenue	$189M
GROSS PROFIT	$432M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$181M
SG&A Expenses	$181M
Other Expenses	$31M
Operating Expenses	$212M
Cost & Expenses	$401M
OPERATING INCOME	$220M
Interest Income	$443M
Interest Expense	$128M
Other Income/Expenses	$0
INCOME BEFORE TAX	$220M
Income Tax Expense	$41M
Net Income from Continuing Ops	$180M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$26M
EBIT	$220M
EBITDA	$247M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$178M
Depreciation & Amortization	$26M
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	$95M
Change in Working Capital	$400M
OPERATING CASH FLOW	$702M
Capital Expenditure	-$34M
Acquisitions (Net)	$0
Purchases of Investments	-$650M
Sales/Maturities of Investments	$0
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$684M
Net Debt Issuance	$73M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$58M
NET CASH FROM FINANCING	$131M
FREE CASH FLOW	$668M
Net Change in Cash	$148M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$5.6B
Net Receivables	$533M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.8B
PP&E (Net)	$228M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$14.6B
Tax Assets	$63M
Other Non-Current Assets	$566M
TOTAL NON-CURRENT ASSETS	$15.9B
TOTAL ASSETS	$25.7B
Account Payables	$50M
Short-Term Debt	$590M
Deferred Revenue	$0
Other Current Liabilities	$14.0B
TOTAL CURRENT LIABILITIES	$14.6B
Long-Term Debt	$2.6B
Deferred Revenue NC	$270M
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$5.4B
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$22.9B
Common Stock	$301M
Additional Paid-In Capital	$154M
Retained Earnings	$761M
Treasury Stock	-$973.9K
Accum. Other Comp. Income	$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$15M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$25.7B
Total Debt	$3.2B
Net Debt	-$444M