Foreign trade bank of latin america, inc. (BLX)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Profit for the year

81,999

87,045

103,984

106,465

80,568

93,325

83,856

39,821

55,980

Adjustments to reconcile profit for the year to net cash provided by operating activities:
Activities of derivative financial instruments used for hedging

-26,363

21,333

-2,279

-

-

-

-

-

-

Depreciation of equipment and leasehold improvements

1,578

1,457

1,371

-

-

-

-

-

-

Amortization of intangible assets

838

629

596

-

-

-

-

-

-

Loss for disposal of equipment and leasehold improvements

2,205

140

32

-

-

-

-

-

-

Loss for disposal of intangible assets

16

0

1

-

-

-

-

-

-

Impairment loss from expected credit losses

9,439

35,115

18,090

-

-

-

-

-

-

Net (gain) loss on sale of financial assets at fair value through OCI

249

-356

363

-

-

-

-

-

-

Compensation cost - share-based payment

296

3,063

3,296

-

-

-

-

-

-

Interest income

226,079

245,898

220,312

-

-

-

-

-

-

Interest expense

106,264

90,689

74,833

-

-

-

-

-

-

Net decrease (increase) in operating assets:
Net decrease (increase) in pledged deposits

8,571

-29,148

6,546

-

-

-

-

-

-

Financial instruments at fair value through profit or loss

0

53,411

2,545

-

-

-

-

-

-

Net decrease (increase) in loans at amortized cost

479,226

650,217

-7,410

-

-

-

-

-

-

Other assets

-269

-39

-7,738

-

-

-

-

-

-

Net increase (decrease) in operating liabilities:
Net increase due to depositors

125,992

7,383

288,775

-

-

-

-

-

-

Financial liabilities at fair value through profit or loss

24

65

-37

-

-

-

-

-

-

Other liabilities

-4,695

-1,774

6,398

-

-

-

-

-

-

Cash provided by operating activities

558,745

673,914

268,402

-

-

-

-

-

-

Interest received

239,394

247,167

223,033

-

-

-

-

-

-

Interest paid

107,051

91,802

71,972

-

-

-

-

-

-

Net cash provided by operating activities

691,088

829,279

419,463

-

-

-

-

-

-

Cash flows from investing activities:
Acquisition of equipment and leasehold improvements

2,654

3,973

615

-

-

-

-

-

-

Acquisition of intangible assets

3,370

3,111

0

-

-

-

-

-

-

Proceeds from the redemption of of financial instruments at fair value through OCI

0

107,088

151,131

-

-

-

-

-

-

Proceeds from the sale of financial instruments at fair value through OCI

17,040

102,655

118,210

-

-

-

-

-

-

Proceeds from maturities of financial instruments at amortized cost

18,258

55,240

44,923

-

-

-

-

-

-

Purchases of financial instruments at fair value through OCI

8,402

84,153

86,629

-

-

-

-

-

-

Purchases of financial instruments at amortized cost

9,978

24,600

96,920

-

-

-

-

-

-

Net cash provided by investing activities

10,894

149,146

130,100

-

-

-

-

-

-

Cash flows from financing activities:
Net decrease in short-term borrowings and debt and securities sold under repurchase agreements

-397,352

-1,074,366

-448,615

-

-

-

-

-

-

Proceeds from long-term borrowings and debt

219,905

403,489

946,084

-

-

-

-

-

-

Repayments of long-term borrowings and debt

857,799

508,564

462,559

-

-

-

-

-

-

Dividends paid

60,605

60,135

59,943

-

-

-

-

-

-

Exercised stock options

4,977

1,575

1,467

-

-

-

-

-

-

Repurchase of common stock

27

0

0

-

-

-

-

-

-

Net cash used in financing activities

-1,090,901

-1,238,001

-23,566

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-388,919

-259,576

525,997

-

-

-

-

-

-

Activities of derivative financial instruments and hedging

-

-

-

-33,338

-8,126

47,678

-17,177

6,498

-1,391

Depreciation and amortization of equipment and leasehold improvements

-

-

-

2,487

2,747

2,269

2,139

2,471

-

Depreciation and amortization of premises and equipment

-

-

-

-

-

-

-

-

2,671

Provision (reversal of provision) for loan losses

-

-

-

6,895

-1,598

-8,343

8,841

9,091

18,293

Provision (reversal of provision) for losses on off-balance sheet credit risk

-

-

-

1,627

381

-4,046

-4,448

-13,926

-3,463

Impairment loss on assets

-

-

-

-

-

-

57

0

120

Net gain on sale of securities available-for-sale

-

-

-

1,871

1,522

6,030

3,413

2,346

546

Gain on sale of premises and equipment

-

-

-

0

0

5,626

0

0

-

Compensation cost - compensation plans

-

-

-

2,246

2,996

2,271

2,311

2,099

1,596

Amortization of premium and discounts on investments

-

-

-

-16,094

-5,015

-3,075

-6,912

-7,597

-9,382

Trading assets

-

-

-

0

-281

-14,338

-29,766

135

5,338

Investment funds

-

-

-

-10,877

7,174

-14,537

-46,866

-30,284

46,880

Accrued interest receivable

-

-

-

7,211

2,908

-349

7,058

5,549

-20,758

Other assets

-

-

-

118,081

-6,169

-3,786

7,498

24,409

5,126

Trading liabilities

-

-

-

-20

-32,232

26,720

1,647

786

-11,005

Accrued interest payable

-

-

-

1,069

-4,157

6,153

1,706

-1,207

-21,665

Other liabilities

-

-

-

116,536

-2,230

2,250

1,126

30,747

1,303

Net change from discontinued operating activities

-

-

-

0

92

-256

200

213

-

Net cash provided by operating activities

-

-

-

170,451

54,554

97,094

180,187

69,039

17,471

Effect on cash of desconsolidating a VIE

-

-

-

0

2,135

0

0

-

-

Net decrease (increase) in pledged deposits

-

-

-

30,178

-5,487

-9,475

7,919

-6,507

-52,422

Net decrease in deposits with original maturities greater than three months

-

-

-

0

0

-30,000

30,000

0

-

Net increase in loans

-

-

-

1,051,627

521,333

909,019

901,103

1,308,935

160,471

Proceeds from the sale of loans

-

-

-

515,552

89,532

146,211

9,261

20,000

-

Acquisition of equipment and leasehold improvements

-

-

-

150

476

10,823

2,220

1,281

2,450

Proceeds from the sale of premises and equipment

-

-

-

0

0

8,023

0

0

-

Proceeds from the redemption of securities available-for-sale

-

-

-

62,535

34,277

15,277

19,484

33,074

50,509

Proceeds from the sale of securities available-for-sale

-

-

-

223,219

105,942

254,772

264,997

151,267

146,471

Proceeds from maturities of securities held-to-maturity

-

-

-

19,883

19,910

7,050

13,500

0

28,275

Purchases of investments available-for-sale

-

-

-

321,545

313,036

39,982

364,993

93,009

9,994

Purchases of investments held-to-maturity

-

-

-

22,624

19,843

14,811

7,050

33,196

-

Net change from discontinued investing activities

-

-

-

0

63

-3

-88

-12

-

Net cash used in investing activities

-

-

-

-604,935

-601,612

-503,830

-1,006,131

-1,225,585

104,762

Net increase in due to depositors

-

-

-

145,358

43,845

13,754

482,581

564,679

87,198

Net increase (decrease) in short-term borrowings and debt and securities sold under repurchase agreements

-

-

-

1,529

1,384,130

-93,071

340,141

961,195

-813,789

Proceeds from long-term borrowings and debt

-

-

-

641,138

273,270

817,827

824,139

212,960

335,598

Repayments of long-term borrowings and debt

-

-

-

389,490

1,024,939

399,835

411,731

528,207

150,163

Dividends paid

-

-

-

54,262

46,025

39,714

29,505

22,720

34,593

Subscriptions of redeemable noncontrolling interest

-

-

-

0

53,000

1,773

531

9,900

32,090

Redemptions of redeemable noncontrolling interest

-

-

-

0

1,830

4,045

14,610

23,427

2,997

Exercised stock options

-

-

-

1,469

3,702

13,136

4,101

834

808

Repurchase of common stock

-

-

-

640

27

0

0

3

-

Net change from discontinued financing activities

-

-

-

0

27

0

0

-

-

Net cash provided by financing activities

-

-

-

345,102

685,153

309,825

1,195,647

1,175,211

-545,848

Effect of exchange rate fluctuations on cash and cash equivalents

-

-

-

1

80

-68

-852

0

-

Net Increase (decrease) in cash and cash equivalents

-

-

-

-89,381

138,175

-96,979

368,851

18,665

-423,615

Cash paid during the year for interest

-

-

-

70,530

86,368

81,307

54,717

46,182

98,877