OMAB Q3 2016 Earnings Report — Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.OMAB

Q3 2016 Earnings

Reported September 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$86M	$77M	$66M	11.8%	30.9%
Op. Income	$46M	$38M	$31M	21.3%	47.9%
Gross Margin	69.0%	67.1%	64.8%	1.9pp	4.3pp
Net Margin	32.3%	33.4%	26.7%	-1.1pp	5.6pp
EPS (Diluted)	$0.57	$0.52	$0.36	7.9%	57.7%
Free Cash Flow	$34M	$25M	$27M	38.2%	28.6%

Revenue Flow

Item	Amount
REVENUE	$86M
Cost of Revenue	$27M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$5M
Operating Expenses	$13M
Cost & Expenses	$40M
OPERATING INCOME	$46M
Interest Income	$1M
Interest Expense	$5M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$40M
Income Tax Expense	$12M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$5M
EBIT	$45M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$86M
Cost of Revenue	$27M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$5M
Operating Expenses	$13M
Cost & Expenses	$40M
OPERATING INCOME	$46M
Interest Income	$1M
Interest Expense	$5M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$40M
Income Tax Expense	$12M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$5M
EBIT	$45M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	$12M
Other Non-Cash Items	$5M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$38M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$564.7K
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$945.2K
Common Stock Repurchased	$0
Common Dividends Paid	-$57.6K
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	$34M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$150M
Short-Term Investments	$0
Net Receivables	$47M
Inventory	$0
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$205M
PP&E (Net)	$139M
Goodwill	$0
Intangible Assets	$367M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$535M
TOTAL ASSETS	$740M
Account Payables	$13M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$55M
Long-Term Debt	$267M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$334M
TOTAL LIABILITIES	$389M
Common Stock	$17M
Additional Paid-In Capital	$2M
Retained Earnings	$246M
Treasury Stock	$0
Accum. Other Comp. Income	$79M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$344M
Minority Interest	$7M
TOTAL EQUITY	$351M
TOTAL LIABILITIES & EQUITY	$740M
Total Debt	$270M
Net Debt	$120M