Foreign Trade Bank of Latin America (BLX) financial statements
Foreign Trade Bank of Latin America reported revenue of $304M in fiscal 2024, up 107.5% a year over 9 years.
Net income was $206M and the operating margin 100.0%, against 40907.8% in 2015.
Free cash flow was -$127M, and the company returned $73M in dividends.
The diluted share count fell 6% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Foreign Trade Bank of Latin America's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $425,000 | $168M | $138M | $128M | $127M | $99M | $104M | $167M | $266M | $304M |
| Selling, general and admin | $7M | $7M | $7M | $6M | $4M | $3M | $4M | $6M | $6M | $7M |
| Operating income | $174M | $168M | $138M | $128M | $127M | $99M | $104M | $167M | $266M | $304M |
| Interest expense | $75M | $91M | $106M | $149M | $164M | $89M | $54M | $185M | $446M | $526M |
| Net income | $104M | $87M | $82M | $11M | $86M | $64M | $63M | $92M | $166M | $206M |
| EPS (diluted) | $2.66 | $2.22 | $2.08 | $0.28 | $2.17 | $1.60 | $1.62 | $2.54 | $4.55 | $5.60 |
| Diluted shares | 39M | 39M | 39M | 40M | 40M | 40M | 39M | 36M | 36M | 37M |
| Operating margin | 40907.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Net margin | 24466.8% | 51.8% | 59.3% | 8.7% | 67.9% | 64.1% | 60.2% | 55.2% | 62.4% | 67.8% |
Balance sheet
Fiscal years, from Foreign Trade Bank of Latin America's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $1.1B | $672M | $1.7B | $1.2B | $864M | $1.3B | $1.2B | $2.0B | $2.0B |
| Property, plant and equipment | $6M | $9M | $7M | $7M | $19M | $16M | $18M | $17M | $17M | $20M |
| Total assets | — | $7.2B | $6.3B | $7.6B | $7.2B | $6.3B | $8.0B | $9.3B | $10.7B | $11.9B |
| Long-term debt | — | $1.8B | $423M | $886M | $723M | $477M | $330M | — | — | — |
| Total liabilities | — | $6.2B | $5.2B | $6.6B | $6.2B | $5.3B | $7.0B | $8.2B | $9.5B | $10.5B |
| Shareholders' equity | $972M | $1.0B | $1.0B | $992M | $1.0B | $1.0B | $992M | $1.1B | $1.2B | $1.3B |
| Net debt | — | $2.2B | $813M | $1.1B | $1.1B | -$55M | $625M | $910M | -$409M | -$311M |
Cash flow
Fiscal years, from Foreign Trade Bank of Latin America's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $419M | $784M | $716M | -$174M | -$92M | $1.2B | -$872M | -$770M | $1.1B | -$123M |
| Capital spending | $615,000 | $7M | $6M | $661,000 | $2M | $2M | $806,000 | $3M | $2M | $4M |
| Free cash flow | $419M | $777M | $710M | -$174M | -$94M | $1.2B | -$873M | -$772M | $1.1B | -$127M |
| Stock-based compensation | $3M | $3M | $296,000 | $1M | $2M | $2M | $2M | $2M | $5M | $7M |
| Dividends paid | $60M | $60M | $61M | $62M | $59M | $45M | $39M | $36M | $36M | $73M |
| Share buybacks (net) | $0 | $0 | -$27,000 | -$2M | $0 | $0 | -$60M | $0 | $0 | — |
| Net borrowing | $484M | $870M | -$664M | $353M | $3M | $46M | $169M | $501M | $275M | $365M |
| Free cash flow margin | 98552.5% | 462.6% | 513.6% | -136.6% | -74.2% | 1255.7% | -837.3% | -463.4% | 398.3% | -41.7% |
| Dividends per share | $1.53 | $1.53 | $1.54 | $1.56 | $1.49 | $1.13 | $0.99 | $1.00 | $0.99 | $1.98 |
Questions
What was Foreign Trade Bank of Latin America's revenue in 2024?
$304M in fiscal 2024, from its 10-K filing.
How much free cash flow does Foreign Trade Bank of Latin America generate?
-$127M in fiscal 2024 (operating cash flow minus capital spending).
From Foreign Trade Bank of Latin America's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.