PAC FY 2018 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 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$812M	—	$711M	—	14.2%
Op. Income	$417M	—	$361M	—	15.3%
Gross Margin	53.7%	—	53.0%	—	0.7pp
Net Margin	36.4%	—	38.3%	—	-1.9pp
EPS (Diluted)	$5.62	—	$5.18	—	8.7%
Free Cash Flow	$272M	—	$244M	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$812M
Cost of Revenue	$376M
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$19M
Operating Expenses	$19M
Cost & Expenses	$396M
OPERATING INCOME	$417M
Interest Income	$26M
Interest Expense	$55M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$403M
Income Tax Expense	$107M
Net Income from Continuing Ops	$295M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$295M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$290M
D&A	$90M
EBIT	$454M
EBITDA	$507M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$812M
Cost of Revenue	$376M
GROSS PROFIT	$436M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$19M
Operating Expenses	$19M
Cost & Expenses	$396M
OPERATING INCOME	$417M
Interest Income	$26M
Interest Expense	$55M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$403M
Income Tax Expense	$107M
Net Income from Continuing Ops	$295M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$295M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$290M
D&A	$90M
EBIT	$454M
EBITDA	$507M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$295M
Depreciation & Amortization	$90M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$28M
Change in Working Capital	$3M
OPERATING CASH FLOW	$416M
Capital Expenditure	-$144M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$509.2K
NET CASH FROM INVESTING	-$147M
Net Debt Issuance	$16M
Common Stock Repurchased	$0
Common Dividends Paid	-$302M
Other Financing Activities	-$68M
NET CASH FROM FINANCING	-$355M
FREE CASH FLOW	$272M
Net Change in Cash	-$91M

Balance Sheet

Item	Amount
Cash & Equivalents	$354M
Short-Term Investments	$0
Net Receivables	$93M
Inventory	$0
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$451M
PP&E (Net)	$110M
Goodwill	$0
Intangible Assets	$1.4B
Long-Term Investments	$2.0K
Tax Assets	$315M
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.3B
Account Payables	$50M
Short-Term Debt	$58
Deferred Revenue	$8M
Other Current Liabilities	$20M
TOTAL CURRENT LIABILITIES	$125M
Long-Term Debt	$778M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$45M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$897M
TOTAL LIABILITIES	$1.0B
Common Stock	$447M
Additional Paid-In Capital	$447M
Retained Earnings	$549M
Treasury Stock	-$100M
Accum. Other Comp. Income	$294M
Other Equity	-$447M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$61M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$781M
Net Debt	$427M