LTM FY 2007 Earnings Report — LATAM Airlines Group S.A. Revenue & Financial Results | Market Cap Arena

LATAM Airlines Group S.A.LTM

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.0B	—	16.2%
Op. Income	$413M	—	$303M	—	36.6%
Gross Margin	38.3%	—	27.5%	—	10.8pp
Net Margin	8.7%	—	8.0%	—	0.8pp
EPS (Diluted)	$102.80	—	$83.60	—	23.0%
Free Cash Flow	-$133M	—	-$430M	—	69.1%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$490M
SG&A Expenses	$490M
Other Expenses	$446M
Operating Expenses	$936M
Cost & Expenses	$3.1B
OPERATING INCOME	$413M
Interest Income	$18M
Interest Expense	$76M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$368M
Income Tax Expense	$60M
Net Income from Continuing Ops	$368M
Net Income from Discontinued Ops	$0
Other Adjustments	-$60M
NET INCOME	$308M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$154M
EBIT	$444M
EBITDA	$598M
EPS	$103
EPS Diluted	$103

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$490M
SG&A Expenses	$490M
Other Expenses	$446M
Operating Expenses	$936M
Cost & Expenses	$3.1B
OPERATING INCOME	$413M
Interest Income	$18M
Interest Expense	$76M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$368M
Income Tax Expense	$60M
Net Income from Continuing Ops	$368M
Net Income from Discontinued Ops	$0
Other Adjustments	-$60M
NET INCOME	$308M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$308M
D&A	$154M
EBIT	$444M
EBITDA	$598M
EPS	$103
EPS Diluted	$103

Cash Flow Statement

Item	Amount
Net Income	$308M
Depreciation & Amortization	$147M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$257M
OPERATING CASH FLOW	$707M
Capital Expenditure	-$840M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$844M
Net Debt Issuance	$290M
Common Stock Repurchased	$0
Common Dividends Paid	-$211M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$383M
FREE CASH FLOW	-$133M
Net Change in Cash	$246M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$148M
Net Receivables	$537M
Inventory	$58M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$2.4B
Goodwill	$36M
Intangible Assets	$0
Long-Term Investments	$318M
Tax Assets	$0
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.9B
Account Payables	$323M
Short-Term Debt	$102M
Deferred Revenue	$120M
Other Current Liabilities	$189M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.3B
Deferred Revenue NC	$94M
Deferred Tax Liabilities	$170M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.9B
Common Stock	$453M
Additional Paid-In Capital	$0
Retained Earnings	$535M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$52.0K
TOTAL STOCKHOLDERS' EQUITY	$988M
Minority Interest	$5M
TOTAL EQUITY	$993M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$398M
Net Debt	$386M