LTM Q4 2024 Earnings Report — LATAM Airlines Group S.A. Revenue & Financial Results | Market Cap Arena

LATAM Airlines Group S.A.LTM

Q4 2024 Earnings

Reported December 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2024	Q3 2024	Q4 2023	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.2B	—	3.9%
Op. Income	$450M	—	$283M	—	59.3%
Gross Margin	27.6%	—	24.3%	—	3.2pp
Net Margin	8.1%	—	2.6%	—	5.6pp
EPS (Diluted)	$1.00	—	$0.00	—	Infinity%
Free Cash Flow	$446M	—	$328M	—	35.8%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$144M
General & Administrative	$245M
SG&A Expenses	$389M
Other Expenses	$80M
Operating Expenses	$469M
Cost & Expenses	$2.9B
OPERATING INCOME	$450M
Interest Income	$34M
Interest Expense	$257M
Other Income/Expenses	-$162M
INCOME BEFORE TAX	$288M
Income Tax Expense	$18M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$19M
EBIT	$450M
EBITDA	$469M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$144M
General & Administrative	$245M
SG&A Expenses	$389M
Other Expenses	$80M
Operating Expenses	$469M
Cost & Expenses	$2.9B
OPERATING INCOME	$450M
Interest Income	$34M
Interest Expense	$257M
Other Income/Expenses	-$162M
INCOME BEFORE TAX	$288M
Income Tax Expense	$18M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$19M
EBIT	$450M
EBITDA	$469M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$272M
Depreciation & Amortization	$139M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$581M
Change in Working Capital	$0
OPERATING CASH FLOW	$991M
Capital Expenditure	-$545M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$529M
Net Debt Issuance	-$1.9B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	-$451M
FREE CASH FLOW	$446M
Net Change in Cash	-$52M

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