LTM FY 2024 Earnings Report — LATAM Airlines Group S.A. Revenue & Financial Results | Market Cap Arena

LATAM Airlines Group S.A.LTM

FY 2024 Earnings

Reported December 31, 2024

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	$12.8B	—	$11.6B	—	10.2%
Op. Income	$1.5B	—	$1.1B	—	42.9%
Gross Margin	25.5%	—	24.3%	—	1.2pp
Net Margin	7.6%	—	5.0%	—	2.6pp
EPS (Diluted)	$3.20	—	$2.00	—	60.0%
Free Cash Flow	$1.7B	—	$1.5B	—	14.9%

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$9.6B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$606M
General & Administrative	$824M
SG&A Expenses	$1.4B
Other Expenses	$295M
Operating Expenses	$1.7B
Cost & Expenses	$11.3B
OPERATING INCOME	$1.5B
Interest Income	$142M
Interest Expense	$821M
Other Income/Expenses	-$547M
INCOME BEFORE TAX	$994M
Income Tax Expense	$16M
Net Income from Continuing Ops	$977M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$977M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$977M
D&A	$800M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$9.6B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$606M
General & Administrative	$824M
SG&A Expenses	$1.4B
Other Expenses	$295M
Operating Expenses	$1.7B
Cost & Expenses	$11.3B
OPERATING INCOME	$1.5B
Interest Income	$142M
Interest Expense	$821M
Other Income/Expenses	-$547M
INCOME BEFORE TAX	$994M
Income Tax Expense	$16M
Net Income from Continuing Ops	$977M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$977M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$977M
D&A	$800M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$977M
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$946M
Change in Working Capital	$0
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$1.4B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$156M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$599M
Common Stock Repurchased	$0
Common Dividends Paid	-$175M
Other Financing Activities	-$792M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$1.7B
Net Change in Cash	$243M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$51M
Net Receivables	$1.4B
Inventory	$439M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$10.2B
Goodwill	$0
Intangible Assets	$1.0B
Long-Term Investments	$22M
Tax Assets	$11M
Other Non-Current Assets	$134M
TOTAL NON-CURRENT ASSETS	$11.4B
TOTAL ASSETS	$15.3B
Account Payables	$1.5B
Short-Term Debt	$104M
Deferred Revenue	$3.1B
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$6.3B
Long-Term Debt	$2.9B
Deferred Revenue NC	$140M
Deferred Tax Liabilities	$313M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$14.5B
Common Stock	$5.0B
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$5.4B
Other Equity	$39.0K
TOTAL STOCKHOLDERS' EQUITY	$723M
Minority Interest	-$12M
TOTAL EQUITY	$711M
TOTAL LIABILITIES & EQUITY	$15.3B
Total Debt	$7.2B
Net Debt	$5.2B