CAAP FY 2017 Earnings Report — Corporación América Airports S.A. Revenue & Financial Results | Market Cap Arena

Corporación América Airports S.A.CAAP

FY 2017 Earnings

Reported April 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$351M	—	—	—	—
Gross Margin	34.1%	—	—	—	—
Net Margin	4.0%	—	—	—	—
EPS (Diluted)	$0.40	—	—	—	—
Free Cash Flow	-$61M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$538M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$187M
Other Expenses	$0
Operating Expenses	$187M
Cost & Expenses	$1.2B
OPERATING INCOME	$351M
Interest Income	$39M
Interest Expense	$220M
Other Income/Expenses	-$237M
INCOME BEFORE TAX	$114M
Income Tax Expense	$47M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$138M
EBIT	$351M
EBITDA	$489M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$538M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$187M
Other Expenses	$0
Operating Expenses	$187M
Cost & Expenses	$1.2B
OPERATING INCOME	$351M
Interest Income	$39M
Interest Expense	$220M
Other Income/Expenses	-$237M
INCOME BEFORE TAX	$114M
Income Tax Expense	$47M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$138M
EBIT	$351M
EBITDA	$489M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$138M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$90.0K
Change in Working Capital	-$251M
OPERATING CASH FLOW	-$49M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$344M
Common Stock Repurchased	-$29M
Common Dividends Paid	-$24M
Other Financing Activities	-$191M
NET CASH FROM FINANCING	$129M
FREE CASH FLOW	-$61M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$222M
Short-Term Investments	$40M
Net Receivables	$136M
Inventory	$9M
Other Current Assets	$184M
TOTAL CURRENT ASSETS	$579M
PP&E (Net)	$74M
Goodwill	$57M
Intangible Assets	$2.8B
Long-Term Investments	$16M
Tax Assets	$135M
Other Non-Current Assets	$178M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.8B
Account Payables	$128M
Short-Term Debt	$373M
Deferred Revenue	$6M
Other Current Liabilities	$162M
TOTAL CURRENT LIABILITIES	$732M
Long-Term Debt	$1.1B
Deferred Revenue NC	$32M
Deferred Tax Liabilities	$148M
Other Non-Current Liabilities	$978M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.0B
Common Stock	$1.5B
Additional Paid-In Capital	$0
Retained Earnings	$138M
Treasury Stock	$0
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$462M
Minority Interest	$335M
TOTAL EQUITY	$797M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.5B
Net Debt	$1.3B