CPA FY 2018 Earnings Report — Copa Holdings, S.A. Revenue & Financial Results | Market Cap Arena

Copa Holdings, S.A.CPA

FY 2018 Earnings

Reported April 24, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.7B	—	—	—	—
Op. Income	$348M	—	—	—	—
Gross Margin	25.5%	—	—	—	—
Net Margin	3.3%	—	—	—	—
EPS (Diluted)	$2.09	—	—	—	—
Free Cash Flow	-$24M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$682M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$334M
Other Expenses	$0
Operating Expenses	$334M
Cost & Expenses	$2.3B
OPERATING INCOME	$348M
Interest Income	$24M
Interest Expense	$51M
Other Income/Expenses	-$225M
INCOME BEFORE TAX	$123M
Income Tax Expense	$35M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$277M
EBIT	$174M
EBITDA	$450M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$682M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$334M
Other Expenses	$0
Operating Expenses	$334M
Cost & Expenses	$2.3B
OPERATING INCOME	$348M
Interest Income	$24M
Interest Expense	$51M
Other Income/Expenses	-$225M
INCOME BEFORE TAX	$123M
Income Tax Expense	$35M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$277M
EBIT	$174M
EBITDA	$450M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$169M
Stock-Based Compensation	$7M
Deferred Income Tax	$35M
Other Non-Cash Items	$102M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$342M
Capital Expenditure	-$366M
Acquisitions (Net)	$30M
Purchases of Investments	-$712M
Sales/Maturities of Investments	$776M
Other Investing Activities	$169M
NET CASH FROM INVESTING	-$103M
Net Debt Issuance	-$283M
Common Stock Repurchased	$0
Common Dividends Paid	-$148M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$324M
FREE CASH FLOW	-$24M
Net Change in Cash	-$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$566M
Net Receivables	$96M
Inventory	$87M
Other Current Assets	$145M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$2.7B
Goodwill	$20M
Intangible Assets	$81M
Long-Term Investments	$139M
Tax Assets	$16M
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.1B
Account Payables	$125M
Short-Term Debt	$312M
Deferred Revenue	$502M
Other Current Liabilities	$43M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$975M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$49M
Other Non-Current Liabilities	$162M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$29M
Additional Paid-In Capital	$80M
Retained Earnings	$1.9B
Treasury Stock	-$136M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.3B
Net Debt	$1.1B