Balance Sheet Grupo Argos S.A.

Equities

GRUPOARGOS

COT09PA00035

Construction Materials

End-of-day quote Bolsa De Valores De Colombia Other stock markets 2025-01-22			5-day change	1st Jan Change
19,000.00 ^COP	-2.46%		-5.94%	-7.77%

Dec. 17	Grupo Argos S.A. signed a agreement to Spin-Off Grupo de Inversiones Suramericana S.A..	CI
Nov. 24	Quikrete Holdings, Inc. entered into a letter of intent to acquire Summit Materials, Inc. from a group of shareholders for approximately $9.3 billion.	CI

75646.RBTw9rH-8I3XmoZdGN_ndwKe4JNUAE84xzm2Xtu-Lnc.Iie-h-PKhPu-6PQlfrfTLWjLldE2UQsNgH7dKq3HHRMCbMiAxLW3-bupyw

Published financial data: GRUPO ARGOS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	16,799B	13,241B	15,046B	18,633B	19,698B
Interest And Invest. Income (Rev)	-	210B	209B	22.6B	80.47B
Other Revenues, Total	-	472B	978B	2,684B	2,789B
Total Revenues	16,799B	13,923B	16,233B	21,340B	22,568B
Cost of Goods Sold, Total	12,356B	10,714B	11,937B	15,791B	16,426B
Gross Profit	4,443B	3,209B	4,295B	5,548B	6,142B
Selling General & Admin Expenses, Total	1,653B	1,512B	1,586B	2,039B	1,931B
Other Operating Expenses	87.42B	134B	1,250B	-84.11B	47.51B
Other Operating Expenses, Total	1,741B	1,646B	2,835B	1,955B	1,978B
Operating Income	2,702B	1,563B	1,460B	3,593B	4,164B
Interest Expense, Total	-1,274B	-1,191B	-1,120B	-1,675B	-2,104B
Interest And Investment Income	102B	115B	96.96B	234B	330B
Net Interest Expenses	-1,173B	-1,076B	-1,023B	-1,441B	-1,774B
Currency Exchange Gains (Loss)	61.27B	6.35B	27.82B	102B	-141B
Other Non Operating Income (Expenses)	-101B	-163B	34.66B	-	-1.17B
EBT, Excl. Unusual Items	1,489B	330B	499B	2,254B	2,248B
Merger & Related Restructuring Charges	-3.34B	-	-	-	-
Impairment of Goodwill	-16.23B	-	-68.84B	-	-
Gain (Loss) On Sale Of Investments	7.62B	120M	-62.91B	-	-79.52B
Gain (Loss) On Sale Of Assets	390B	-16.32B	-626B	-	46.3B
Asset Writedown	-89.46B	67.39B	106B	-	10.28B
Insurance Settlements	45.23B	7.86B	2.23B	-	5.68B
Legal Settlements	-	-	62.12B	-	-
Other Unusual Items	40.41B	16.52B	1,745B	-	-
EBT, Incl. Unusual Items	1,863B	406B	1,657B	2,254B	2,231B
Income Tax Expense	607B	252B	451B	814B	771B
Earnings From Continuing Operations	1,256B	154B	1,206B	1,440B	1,460B
Net Income to Company	1,256B	154B	1,206B	1,440B	1,460B
Minority Interest	-567B	-254B	-616B	-559B	-544B
Net Income - (IS)	690B	-100B	590B	881B	916B
Net Income to Common Incl Extra Items	690B	-100B	590B	881B	916B
Net Income to Common Excl. Extra Items	690B	-100B	590B	881B	916B
Per Share Items
Net EPS - Basic	804.41	-116.67	681.32	1.01K	1.05K
Basic EPS - Continuing Operations	804.41	-116.67	681.32	1.01K	1.05K
Basic Weighted Average Shares Outstanding	857M	857M	866M	869M	868M
Net EPS - Diluted	804.41	-116.67	681.32	1.01K	1.05K
Diluted EPS - Continuing Operations	804.41	-116.67	681.32	1.01K	1.05K
Diluted Weighted Average Shares Outstanding	857M	857M	866M	869M	868M
Normalized Basic EPS	424.7	-55.31	-351.62	977.63	991.44
Normalized Diluted EPS	424.7	-55.31	-351.62	977.63	991.44
Dividend Per Share	376	382	500	575	636
Payout Ratio	117.18	-814.76	142.12	92.42	113.69
Supplemental Items
EBITDA	4,213B	3,106B	3,016B	5,220B	5,349B
EBITA	3,165B	2,130B	2,015B	3,593B	4,301B
EBIT	2,702B	1,563B	1,460B	3,593B	4,164B
EBITDAR	4,224B	3,165B	3,080B	-	5,424B
Total Revenues (As Reported)	-	13,991B	16,309B	21,340B	22,593B
Effective Tax Rate - (Ratio)	32.59	62.09	27.2	36.11	34.55
Total Current Taxes	579B	348B	409B	-	471B
Total Deferred Taxes	28.32B	-95.75B	41.58B	-	300B
Normalized Net Income	364B	-47.41B	-304B	850B	860B
Interest Capitalized	20.89B	11.89B	11.34B	-	46.82B
Interest on Long-Term Debt	61.39B	54.55B	710B	-	51.72B
Supplemental Operating Expense Items
Advertising Expense	-	13.43B	11.63B	-	11.4B
Selling and Marketing Expenses	250B	249B	266B	334B	325B
General and Administrative Expenses	1,392B	1,249B	1,308B	1,705B	1,592B
Net Rental Expense, Total	11.44B	59.78B	64.7B	-	75.53B
Imputed Operating Lease Interest Expense	6.96B	32.75B	33.66B	-	88.53B
Imputed Operating Lease Depreciation	4.48B	27.02B	31.04B	-	-13B
Maintenance & Repair Expenses, Total	90.77B	82.43B	89.06B	-	114B
Stock-Based Comp., Other (Total)	-	700M	1.76B	-	5.24B
Total Stock-Based Compensation	-	700M	1.76B	-	5.24B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2,474B	2,701B	2,683B	1,429B	2,201B
Short Term Investments	124B	-	870B	764B	45.23B
Total Cash And Short Term Investments	2,598B	2,701B	3,553B	2,193B	2,247B
Accounts Receivable, Total	2,653B	2,050B	2,474B	2,718B	3,109B
Other Receivables	360B	103B	166B	276B	412B
Total Receivables	3,013B	2,153B	2,641B	2,994B	3,522B
Inventory	1,262B	1,243B	1,381B	1,930B	1,665B
Prepaid Expenses	196B	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	82.53B	569B	415B	6,577B	2,606B
Total Current Assets	7,151B	6,666B	7,989B	13,693B	10,039B
Gross Property Plant And Equipment	27,979B	29,143B	31,953B	-	30,407B
Accumulated Depreciation	-7,827B	-8,672B	-10,194B	-	-8,628B
Net Property Plant And Equipment	20,152B	20,471B	21,759B	23,168B	21,779B
Long-term Investments	10,206B	10,263B	11,590B	13,490B	11,727B
Goodwill	3,011B	3,139B	3,211B	2,339B	1,874B
Other Intangibles, Total	4,974B	4,575B	4,220B	764B	546B
Accounts Receivable Long-Term	2,494B	2,828B	868B	574B	714B
Deferred Tax Assets Long-Term	482B	389B	400B	326B	307B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2,529B	2,443B	2,551B	2,587B	2,418B
Total Assets	50,998B	50,774B	52,589B	56,941B	49,402B
Liabilities
Accounts Payable, Total	2,734B	2,353B	2,604B	2,841B	3,491B
Accrued Expenses, Total	250B	208B	301B	278B	384B
Short-term Borrowings	-	-	-	-	18.3B
Current Portion of Long-Term Debt	2,540B	2,385B	3,755B	2,467B	3,183B
Current Portion of Leases	165B	132B	137B	148B	127B
Current Income Taxes Payable	267B	164B	138B	233B	125B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	829B	1,381B	830B	4,355B	992B
Total Current Liabilities	6,785B	6,624B	7,765B	10,322B	8,322B
Long-Term Debt	13,956B	14,360B	12,718B	11,866B	10,460B
Long-Term Leases	898B	685B	628B	616B	470B
Pension & Other Post Retirement Benefits	441B	446B	362B	293B	357B
Deferred Tax Liability Non Current	1,361B	1,113B	1,283B	1,480B	1,657B
Other Non Current Liabilities	1,066B	1,316B	1,026B	335B	347B
Total Liabilities	24,508B	24,544B	23,783B	24,911B	21,613B
Common Stock, Total	53.93B	53.93B	54.7B	54.7B	54.7B
Additional Paid In Capital	1,355B	1,355B	1,503B	1,503B	1,503B
Retained Earnings	9,741B	9,554B	10,109B	10,100B	10,696B
Treasury Stock	-	-	-	-	-68.99B
Comprehensive Income and Other	5,683B	5,685B	6,789B	9,393B	6,702B
Total Common Equity	16,833B	16,648B	18,456B	21,051B	18,887B
Minority Interest	9,657B	9,582B	10,350B	10,979B	8,902B
Total Equity	26,490B	26,230B	28,807B	32,030B	27,789B
Total Liabilities And Equity	50,998B	50,774B	52,589B	56,941B	49,402B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	857M	857M	869M	869M	863M
ECS Total Common Shares Outstanding	857M	857M	869M	869M	863M
Book Value / Share	19.64K	19.42K	21.23K	24.21K	21.9K
Tangible Book Value	8,848B	8,935B	11,025B	17,948B	16,468B
Tangible Book Value Per Share	10.32K	10.42K	12.68K	20.64K	19.09K
Total Debt	17,559B	17,562B	17,238B	15,097B	14,259B
Net Debt	14,961B	14,861B	13,685B	12,904B	12,012B
Debt Equivalent of Unfunded Proj. Benefit Obligation	447B	450B	374B	-	395B
Debt Equivalent Oper. Leases	91.48B	478B	518B	-	604B
Minority Interest, Total (Incl. Fin. Div)	9,657B	9,582B	10,350B	10,979B	8,902B
Equity Method Investments, Total	8,919B	9,029B	10,003B	11,117B	10,664B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	724B	861B	-	936B
Inventories - Work In Process, Total	-	119B	143B	-	167B
Inventories - Finished Goods, Total	-	145B	172B	-	257B
Inventories - Others	-	255B	205B	-	305B
Land - (BS)	1,619B	1,645B	1,739B	-	1,603B
Buildings, Total	2,325B	2,569B	2,759B	-	2,689B
Machinery, Total	9,392B	9,825B	10,725B	-	11,298B
Full Time Employees	12.85K	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	690B	-100B	590B	881B	916B
Depreciation & Amortization - CF	1,248B	1,149B	1,163B	1,627B	1,219B
Amortization of Goodwill and Intangible Assets - (CF)	463B	568B	556B	-	138B
Depreciation & Amortization, Total	1,711B	1,717B	1,719B	1,627B	1,357B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-723B	19.43B	1,742B	-208B	-349B
(Gain) Loss on Sale of Investments - (CF)	38.54B	45.2B	37.68B	73.59B	35.17B
Asset Writedown & Restructuring Costs	18.62B	8.16B	10.16B	50.34B	46.33B
(Income) Loss On Equity Investments - (CF)	-489B	-30.36B	-394B	-759B	-586B
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	2,135B	1,408B	1,554B	2,465B	3,099B
Change In Accounts Receivable	112B	463B	-1,027B	-410B	-830B
Change In Inventories	1.04B	79.39B	-36.5B	-314B	275B
Change In Accounts Payable	-148B	-751B	186B	-62.43B	674B
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-27.35B	-41.67B	-68.52B	18.07B	-307B
Cash from Operations	3,317B	2,817B	4,312B	3,361B	4,330B
Capital Expenditure	-1,371B	-1,288B	-2,101B	-2,781B	-2,087B
Sale of Property, Plant, and Equipment	805B	106B	125B	392B	119B
Cash Acquisitions	-1,707B	-30B	-125B	-	-774M
Divestitures	1,233B	11.5B	672B	-228B	-46.85B
Sale (Purchase) of Real Estate properties	45.08B	10.58B	-12.94B	-913M	-11.6B
Sale (Purchase) of Intangible assets	-114B	-51.57B	-53.52B	-71.16B	22.96B
Investment in Marketable and Equity Securities, Total	-204B	164B	23.96B	163B	661B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-85.36B	-74M	10.05B	9.29B	-15B
Other Investing Activities, Total	74.07B	46.46B	218B	553B	413B
Cash from Investing	-1,324B	-1,031B	-1,243B	-1,964B	-945B
Long-Term Debt Issued, Total	2,964B	737B	816B	298B	242B
Total Debt Issued	2,964B	737B	816B	298B	242B
Long-Term Debt Repaid, Total	-947B	-938B	-1,211B	-1,379B	-1,055B
Total Debt Repaid	-947B	-938B	-1,211B	-1,379B	-1,055B
Repurchase of Common Stock	-	-	-	-	-108B
Common Dividends Paid	-808B	-815B	-838B	-815B	-1,041B
Common & Preferred Stock Dividends Paid	-808B	-815B	-838B	-815B	-1,041B
Other Financing Activities, Total	-3,416B	-571B	-2,013B	38.3B	-1,384B
Cash from Financing	-2,207B	-1,586B	-3,246B	-1,858B	-3,344B
Foreign Exchange Rate Adjustments	39.64B	39.69B	149B	233B	-295B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-174B	239B	-28.54B	-228B	-253B
Supplemental Items
Cash Interest Paid	1,117B	1,056B	1,083B	1,262B	1,927B
Cash Income Tax Paid (Refund)	484B	341B	558B	612B	663B
Levered Free Cash Flow	1,026B	1,225B	-927B	-3,257B	1,581B
Unlevered Free Cash Flow	1,822B	1,969B	-227B	-2,210B	2,896B
Change In Net Working Capital	92.25B	-615B	706B	3,231B	-995B
Net Debt Issued / Repaid	2,018B	-201B	-395B	-1,082B	-812B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.39	1.92	1.77	4.1	4.89
Return on Total Capital	3.92	2.22	2.03	4.82	5.84
Return On Equity %	4.83	0.58	4.38	4.74	4.88
Return on Common Equity	4.15	-0.6	3.36	4.46	4.58
Margin Analysis
Gross Profit Margin %	26.45	23.05	26.46	26	27.21
SG&A Margin	9.84	10.86	9.77	9.56	8.55
EBITDA Margin %	25.08	22.31	18.58	24.46	23.7
EBITA Margin %	18.84	15.3	12.42	16.84	19.06
EBIT Margin %	16.08	11.22	8.99	16.84	18.45
Income From Continuing Operations Margin %	7.48	1.11	7.43	6.75	6.47
Net Income Margin %	4.1	-0.72	3.63	4.13	4.06
Net Avail. For Common Margin %	4.1	-0.72	3.63	4.13	4.06
Normalized Net Income Margin	2.17	-0.34	-1.88	3.98	3.81
Levered Free Cash Flow Margin	6.11	8.8	-5.71	-15.26	7.01
Unlevered Free Cash Flow Margin	10.85	14.14	-1.4	-10.35	12.83
Asset Turnover
Asset Turnover	0.34	0.27	0.31	0.39	0.42
Fixed Assets Turnover	0.85	0.69	0.77	0.95	1.01
Receivables Turnover (Average Receivables)	7.03	5.63	6.65	7.18	6.76
Inventory Turnover (Average Inventory)	9.64	8.56	9.1	9.54	9.14
Short Term Liquidity
Current Ratio	1.05	1.01