LTM FY 2006 Earnings Report — LATAM Airlines Group S.A. Revenue & Financial Results | Market Cap Arena

LATAM Airlines Group S.A.LTM

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$3.0B	—	—	—	—
Op. Income	$303M	—	—	—	—
Gross Margin	27.5%	—	—	—	—
Net Margin	8.0%	—	—	—	—
EPS (Diluted)	$83.60	—	—	—	—
Free Cash Flow	-$430M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$834M
R&D Expenses	$0
Selling & Marketing	-$404M
General & Administrative	$1.3B
SG&A Expenses	$898M
Other Expenses	-$367M
Operating Expenses	$531M
Cost & Expenses	$2.7B
OPERATING INCOME	$303M
Interest Income	$8M
Interest Expense	$61M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$288M
Income Tax Expense	$47M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$123M
EBIT	$349M
EBITDA	$472M
EPS	$84
EPS Diluted	$84

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$834M
R&D Expenses	$0
Selling & Marketing	-$404M
General & Administrative	$1.3B
SG&A Expenses	$898M
Other Expenses	-$367M
Operating Expenses	$531M
Cost & Expenses	$2.7B
OPERATING INCOME	$303M
Interest Income	$8M
Interest Expense	$61M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$288M
Income Tax Expense	$47M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$123M
EBIT	$349M
EBITDA	$472M
EPS	$84
EPS Diluted	$84

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	-$123M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$307M
Change in Working Capital	$65M
OPERATING CASH FLOW	$490M
Capital Expenditure	-$920M
Acquisitions (Net)	$8M
Purchases of Investments	-$30M
Sales/Maturities of Investments	$28M
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$906M
Net Debt Issuance	$598M
Common Stock Repurchased	$0
Common Dividends Paid	-$85M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	$504M
FREE CASH FLOW	-$430M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$159M
Short-Term Investments	$60M
Net Receivables	$361M
Inventory	$47M
Other Current Assets	$202M
TOTAL CURRENT ASSETS	$706M
PP&E (Net)	$1.9B
Goodwill	$43M
Intangible Assets	$0
Long-Term Investments	$240M
Tax Assets	$29M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.9B
Account Payables	$261M
Short-Term Debt	$90M
Deferred Revenue	$68M
Other Current Liabilities	$414M
TOTAL CURRENT LIABILITIES	$876M
Long-Term Debt	$176M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$127M
Other Non-Current Liabilities	$942M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$134M
Additional Paid-In Capital	$134M
Retained Earnings	$492M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$132M
TOTAL STOCKHOLDERS' EQUITY	$626M
Minority Interest	$4M
TOTAL EQUITY	$631M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$318M
Net Debt	$160M