Popular, Inc. (BPOP) financial statements (2020 and earlier)

Company profile

Business Address 209 MUNOZ RIVERA AVE
HATO REY, 00918
State of Incorp.
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6914,6035,7013,3122,615  
Cash and cash equivalents3,6514,5655,6583,2532,544  
Short-term investments4038436072  
Prepaid expense4734169173181198 
Disposal group, including discontinued operation    137  
Prepaid expense and other current assets92
Total current assets:3,7384,6375,8703,4852,93319892
Noncurrent Assets
Finance lease, right-of-use asset13
Operating lease, right-of-use asset150
Property, plant and equipment557570547544503495520
Long-term investments and receivables237228215218213226197
Long-term investments237228215218213226197
Intangible assets, net (including goodwill)700698663672684503693
Goodwill671671627627626466648
Intangible assets, net (excluding goodwill)29273645583845
Total noncurrent assets:1,6561,4961,4251,4341,4001,2231,409
Other undisclosed assets46,72141,47236,98233,74231,43631,67534,248
TOTAL ASSETS:52,11547,60544,27738,66235,77033,09735,749
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt19328248748171321401
Total current liabilities:19328248748171321401
Noncurrent Liabilities
Other undisclosed liabilities45,90541,88838,68632,98329,95128,80830,722
Total liabilities:46,09942,17039,17333,46430,66428,82931,123
Stockholders' equity
Stockholders' equity attributable to parent6,0175,4355,1045,1985,1054,2674,626
Preferred stock50505050505050
Common stock1111111
Treasury stock, value(460)(206)(90)(8)(6)(4)(1)
Additional paid in capital4,4474,3664,2994,2554,2294,1964,170
Accumulated other comprehensive loss(170)(428)(351)(320)(257)(230)(189)
Retained earnings2,1481,6521,1951,2201,088254594
Total stockholders' equity:6,0175,4355,1045,1985,1054,2674,626
TOTAL LIABILITIES AND EQUITY:52,11547,60544,27738,66235,77033,09735,749

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8941,7571,9001,879   
Net investment income1,8931,7571,5301,476   
Financial services revenue370403   
Cost of revenue(166)(228)(325)(170) (263)(603)
Provision for loan, lease, and other losses(166)(228)
Financial services costs(325)(170) (263)(603)
Gross profit:1,7281,5291,5751,709 (263)(603)
Operating expenses(641)(583)(1,000)(1,031)(11)(81)(635)
Other operating income, net
(Noninterest Income, Other Operating Income)
891116462  505
Operating income (loss):1,1761,057639740230(344)(733)
Nonoperating income (expense)(28)(8)(45)(26)(22)44(343)
Investment income, nonoperating  (8)(0)(14)(8)(405)
Gains on sales of other real estate     2851
Mortgage servicing rights (msr) impairment (recovery)(28)(8)(37)(25)(8)2511
Interest and debt expense(369)(299)(224)(213)  (319)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes39(12)(32)(207)  1,743
Income (loss) from continuing operations before equity method investments, income taxes:818738339294208(300)348
Income from equity method investments4338   4043
Income (loss) from continuing operations before income taxes:861776339294208(260)391
Income tax expense (benefit)(147)(120)(231)(79)495(58)251
Other undisclosed loss from continuing operations(43)(38)     
Income (loss) from continuing operations:671618108216703(318)642
Income from discontinued operations   1   
Net income (loss):671618108217703(318)642
Other undisclosed net income (loss) attributable to parent    1925(43)
Net income (loss) attributable to parent:671618108217895(313)599
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(4)(4)
Net income (loss) available to common stockholders, diluted:667614104213892(317)596

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):671618108217703(318)642
Other comprehensive income2463761  
Comprehensive income (loss):673622114254764(318)642
Other undisclosed comprehensive income (loss), net of tax, attributable to parent256(81)(37)(101)104(36)(129)
Comprehensive income (loss), net of tax, attributable to parent:92954177153868(355)513

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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