CAAP FY 2024 Earnings Report — Corporación América Airports S.A. Revenue & Financial Results | Market Cap Arena

Corporación América Airports S.A.CAAP

FY 2024 Earnings

Reported March 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.4B	—	31.7%
Op. Income	$408M	—	$347M	—	17.6%
Gross Margin	32.7%	—	34.5%	—	-1.8pp
Net Margin	15.3%	—	17.1%	—	-1.8pp
EPS (Diluted)	$1.76	—	$1.49	—	18.1%
Free Cash Flow	$393M	—	$347M	—	13.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$602M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$190M
Other Expenses	$5M
Operating Expenses	$195M
Cost & Expenses	$1.4B
OPERATING INCOME	$408M
Interest Income	$73M
Interest Expense	$107M
Other Income/Expenses	$199M
INCOME BEFORE TAX	$607M
Income Tax Expense	$299M
Net Income from Continuing Ops	$308M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$283M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$206M
EBIT	$408M
EBITDA	$614M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$602M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$190M
Other Expenses	$5M
Operating Expenses	$195M
Cost & Expenses	$1.4B
OPERATING INCOME	$408M
Interest Income	$73M
Interest Expense	$107M
Other Income/Expenses	$199M
INCOME BEFORE TAX	$607M
Income Tax Expense	$299M
Net Income from Continuing Ops	$308M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$283M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$206M
EBIT	$408M
EBITDA	$614M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$283M
Depreciation & Amortization	$203M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$52M
Change in Working Capital	-$133M
OPERATING CASH FLOW	$405M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$128M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$143M
NET CASH FROM FINANCING	-$271M
FREE CASH FLOW	$393M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$440M
Short-Term Investments	$85M
Net Receivables	$158M
Inventory	$11M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$766M
PP&E (Net)	$88M
Goodwill	$9M
Intangible Assets	$3.1B
Long-Term Investments	$101M
Tax Assets	$13M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.2B
Account Payables	$121M
Short-Term Debt	$115M
Deferred Revenue	$5M
Other Current Liabilities	$359M
TOTAL CURRENT LIABILITIES	$604M
Long-Term Debt	$1.0B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$383M
Other Non-Current Liabilities	$618M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$2.7B
Common Stock	$163M
Additional Paid-In Capital	$183M
Retained Earnings	$719M
Treasury Stock	-$4M
Accum. Other Comp. Income	$308M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$149M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$1.2B
Net Debt	$729M