PAC Q1 2020 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

Q1 2020 Earnings

Reported March 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$286M	—	$212M	—	35.1%
Op. Income	$135M	—	$120M	—	12.7%
Gross Margin	50.0%	—	59.5%	—	-9.6pp
Net Margin	36.4%	—	38.0%	—	-1.6pp
EPS (Diluted)	$1.98	—	$1.53	—	29.3%
Free Cash Flow	$169M	—	$105M	—	61.3%

Revenue Flow

Item	Amount
REVENUE	$286M
Cost of Revenue	$143M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$8M
Operating Expenses	$8M
Cost & Expenses	$151M
OPERATING INCOME	$135M
Interest Income	$6M
Interest Expense	$21M
Other Income/Expenses	-$863.0K
INCOME BEFORE TAX	$134M
Income Tax Expense	$30M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$28M
EBIT	$135M
EBITDA	$162M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$286M
Cost of Revenue	$143M
GROSS PROFIT	$143M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$8M
Operating Expenses	$8M
Cost & Expenses	$151M
OPERATING INCOME	$135M
Interest Income	$6M
Interest Expense	$21M
Other Income/Expenses	-$863.0K
INCOME BEFORE TAX	$134M
Income Tax Expense	$30M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$28M
EBIT	$135M
EBITDA	$162M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$28M
Stock-Based Compensation	$0
Deferred Income Tax	$30M
Other Non-Cash Items	$39M
Change in Working Capital	$5M
OPERATING CASH FLOW	$205M
Capital Expenditure	-$37M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$817.6K
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$46M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$20M
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$169M
Net Change in Cash	$200M

Balance Sheet

Item	Amount
Cash & Equivalents	$631M
Short-Term Investments	$0
Net Receivables	$106M
Inventory	$0
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$764M
PP&E (Net)	$111M
Goodwill	$0
Intangible Assets	$1.5B
Long-Term Investments	$23M
Tax Assets	$333M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$145M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.4B
Common Stock	$356M
Additional Paid-In Capital	$0
Retained Earnings	$674M
Treasury Stock	-$100M
Accum. Other Comp. Income	$370M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$71M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$0
Net Debt	-$631M