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Financial statements

BANK OF CHILE financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data BANK OF CHILE files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2020FY2021
General and administrative506478448381
Operating expenses37.5
Operating income1,1081,0917161,560
Pre-tax income1,1171,1017091,563
Income tax187230
Net income to minority interests0000
Net income930870-564-1,239
EBITDA1,1691,145
EPS, basic5.983.98
EPS, diluted5.983.98

Balance sheet

FY2017FY2018FY2020FY2021
Cash and equivalents2,0741,8472,6694,686
Property, plant and equipment351311306261
Lease right-of-use assets167118
Total assets52,90851,35263,98560,314
Total liabilities47,14846,05558,37054,663
Retained earnings92,240
Shareholders' equity5,2975,6155,652
Minority interests0000
Total equity5,7615,2975,6155,652
Total liabilities and equity52,90851,35263,98560,314

Cash flow statement

FY2017FY2018FY2020FY2021
Net income9308705641,239
Depreciation and amortization6154.3
Cash from operations1,418-1,924-3,4733,525
Capital expenditures-37.7-40.5-40-40.1
Cash from investing-1,923601295-3,504
Dividends paid-556-539-492-258
Cash from financing2169302,0531,614
Exchange rate effect-62.4167-48.3381
Free cash flow1,380-1,965-3,5133,485

Key metrics

Worked out from the statements above. Latest values use fiscal 2021. Valuation uses the share price of $42.04 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-22.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-2.0%Net income / average total assets.
Return on invested capital (ROIC)63.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Operating income growth, 1y117.8%Operating income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y0.7%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-5.7%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets90.6%Total liabilities / total assets.
Tangible book value$5.65BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Capex / operating cash flow1.1%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
Dividends / FCF7.4%Dividends paid / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$21.23BShare price x shares outstanding.
Enterprise value$16.55BMarket cap + total debt - cash - short-term investments.
P/B3.76xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.76xMarket cap / tangible book value, when positive.
P/FCF6.09xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF6.02xMarket cap / cash from operations, when positive.
EV/EBIT10.6xEnterprise value / operating income, when both are positive.
EV/FCF4.75xEnterprise value / free cash flow, when both are positive.
FCF yield16.4%Free cash flow / market cap.
Earnings yield-5.8%Net income / market cap (the inverse of P/E).
Dividend yield1.2%Dividends paid over the period / market cap.
Shareholder yield1.2%(Dividends paid + share buybacks) / market cap.
Was BANK OF CHILE profitable in fiscal 2021?

No. It reported a net loss of $1.24B.

How much free cash flow did BANK OF CHILE generate in fiscal 2021?

Cash from operations of $3.53B minus capital expenditures of $40.1M left free cash flow of $3.49B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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