Intercorp Financial Services Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Intercorp Financial Services Inc. files with the SEC in its annual reports.

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

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
General and administrative	731	775	786	749	966	1,180	1,289	1,337
Operating income		1,542	1,926	356	2,392	2,166	1,346	1,646
Income tax	327	416	493	-72.9	502	463	276	314
Income from continuing operations	1,033	1,091	1,450	384	1,800	1,678	1,079	1,307
Net income to minority interests	6.08	7.11	8.86	0.29	10	10.1	6.55	7.38
Net income	1,027	1,084	1,441	383	1,790	1,668	1,073	1,300
EBITDA		1,707	2,188	625	2,671	2,502	1,725	2,059
EPS, basic	9.63	9.82	12.78	3.32	15.51	14.45	9.33	11.38
EPS, diluted	9.63	9.82	12.78	3.32	15.51	14.45	9.33	11.38

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents		8,380	11,129	18,765	17,104	13,193	9,819	12,615
Property, plant and equipment	613	951	844	844	815	791	805	814
Total assets		63,744	71,562	88,236	89,954	87,482	89,625	95,504
Total liabilities		56,656	62,659	79,282	80,399	78,056	79,617	84,525
Total debt		6,497	6,890	7,779	8,390	7,906	5,552	6,075
Paid-in capital		268	530	533	533	533	533	533
Retained earnings		1,203	2,146	1,303	2,905	2,359	2,922	1,439
Shareholders' equity		7,048	8,857	8,908	9,504	9,372	9,950	10,915
Minority interests		40.4	46.6	45.8	51.3	53.8	57.9	63.4
Total equity	5,753	7,088	8,903	8,954	8,735	9,426	10,008	10,979
Total liabilities and equity		63,744	71,562	88,236	89,954	87,482	89,625	95,504

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	1,033	1,091	1,450	384	1,800	1,678	1,079	1,307
Depreciation and amortization	145	165	262	269	280	336	379	413
Cash from operations	3,406	-2,045	1,669	12,994	1,346	-1,012	2,875	2,910
Capital expenditures	-84.7	-72.7	-68.2	-52.4	-87.3	-135	-148	-105
Cash from investing	-2,305	-296	4.1	-4,047	-2,327	-1,394	-3,533	-7.05
Debt issued	957	595	2,256	1,150				1,706
Dividends paid	-476	-511	-654	-698	-634	-752	-512	-427
Cash from financing	-300	226	1,065	-553	-862	-1,276	-3,013	-12.3
Net change in cash	801	-2,115	2,738	8,393	-1,842	-3,682	-3,671	2,891
Free cash flow	3,321	-2,118	1,601	12,941	1,259	-1,147	2,728	2,805
Income taxes paid	329	364	426	380	280	334	450	363

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	12.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.4%	Net income / average total assets.
Return on invested capital (ROIC)	25.9%	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

Metric	Value	How it is calculated
Operating income growth, 1y	22.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-11.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-3.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	19.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-8.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-1.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	21.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-10.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-2.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	22.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-9.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-2.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	1.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	29.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	11.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	2.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	30.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	11.9%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.56x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	6.4%	Total debt / total assets.
Liabilities / assets	88.5%	Total liabilities / total assets.
Net debt	-PEN 6.54B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-3.18x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Tangible book value	PEN 10.92B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	215.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	PEN 11.38	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	PEN 11.38	Net income per basic share, as reported (split-adjusted).
Payout ratio	32.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	15.2%	Dividends paid / free cash flow, when free cash flow is positive.

Was Intercorp Financial Services Inc. profitable in fiscal 2024?

Yes. Net income was PEN 1.30B, a net margin of -.

How much free cash flow did Intercorp Financial Services Inc. generate in fiscal 2024?

Cash from operations of PEN 2.91B minus capital expenditures of PEN 104.7M left free cash flow of PEN 2.81B.

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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