PAC FY 2015 Earnings Report — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.PAC

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$466M	—	$319M	—	46.2%
Op. Income	$235M	—	$159M	—	47.9%
Gross Margin	50.2%	—	52.6%	—	-2.4pp
Net Margin	33.6%	—	40.4%	—	-6.8pp
EPS (Diluted)	$2.98	—	$2.45	—	21.5%
Free Cash Flow	$217M	—	$163M	—	33.0%

Revenue Flow

Item	Amount
REVENUE	$466M
Cost of Revenue	$232M
GROSS PROFIT	$234M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$12M
Operating Expenses	$12M
Cost & Expenses	$244M
OPERATING INCOME	$235M
Interest Income	$6M
Interest Expense	$13M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$208M
Income Tax Expense	$49M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$58M
EBIT	$219M
EBITDA	$286M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$466M
Cost of Revenue	$232M
GROSS PROFIT	$234M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$12M
Operating Expenses	$12M
Cost & Expenses	$244M
OPERATING INCOME	$235M
Interest Income	$6M
Interest Expense	$13M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$208M
Income Tax Expense	$49M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$58M
EBIT	$219M
EBITDA	$286M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$157M
Depreciation & Amortization	$66M
Stock-Based Compensation	$0
Deferred Income Tax	$49M
Other Non-Cash Items	-$28M
Change in Working Capital	$38M
OPERATING CASH FLOW	$282M
Capital Expenditure	-$65M
Acquisitions (Net)	-$146M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$116.3K
NET CASH FROM INVESTING	-$211M
Net Debt Issuance	$206M
Common Stock Repurchased	$0
Common Dividends Paid	-$181M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	$217M
Net Change in Cash	$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$172M
Short-Term Investments	$0
Net Receivables	$19M
Inventory	$0
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$195M
PP&E (Net)	$89M
Goodwill	$0
Intangible Assets	$1.2B
Long-Term Investments	$5M
Tax Assets	$284M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.8B
Account Payables	$26M
Short-Term Debt	$203M
Deferred Revenue	$4M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$268M
Long-Term Debt	$174M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$268M
TOTAL LIABILITIES	$535M
Common Stock	$720M
Additional Paid-In Capital	$720M
Retained Earnings	$382M
Treasury Stock	-$100M
Accum. Other Comp. Income	$221M
Other Equity	-$720M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$51M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$376M
Net Debt	$204M