PAC Q3 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

Q3 2015 Earnings

Reported September 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2015	Q2 2015	Q3 2014	QoQ Change	YoY Change
Revenue	$124M	$123M	—	0.9%	—
Op. Income	$68M	$59M	—	15.1%	—
Gross Margin	49.6%	49.1%	—	0.5pp	—
Net Margin	29.4%	26.7%	—	2.8pp	—
EPS (Diluted)	$0.70	$0.63	—	11.0%	—
Free Cash Flow	$52M	$63M	—	-16.5%	—

Revenue Flow

Item	Amount
REVENUE	$124M
Cost of Revenue	$63M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$6M
Operating Expenses	-$6M
Cost & Expenses	$56M
OPERATING INCOME	$68M
Interest Income	$958.5K
Interest Expense	$24M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$44M
Income Tax Expense	$7M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$19M
EBIT	$68M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$124M
Cost of Revenue	$63M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$6M
Operating Expenses	-$6M
Cost & Expenses	$56M
OPERATING INCOME	$68M
Interest Income	$958.5K
Interest Expense	$24M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$44M
Income Tax Expense	$7M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$19M
EBIT	$68M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$18M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	-$166.2K
Change in Working Capital	$12M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$249.9K
NET CASH FROM INVESTING	-$22M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$55M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$59M
FREE CASH FLOW	$52M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$181M
Short-Term Investments	$0
Net Receivables	$27M
Inventory	$0
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$221M
PP&E (Net)	$75M
Goodwill	$0
Intangible Assets	$1.2B
Long-Term Investments	$5M
Tax Assets	$278M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$123M
TOTAL CURRENT LIABILITIES	$123M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$463M
TOTAL NON-CURRENT LIABILITIES	$463M
TOTAL LIABILITIES	$586M
Common Stock	$720M
Additional Paid-In Capital	$720M
Retained Earnings	$225M
Treasury Stock	-$100M
Accum. Other Comp. Income	$306M
Other Equity	-$705M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$55M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$0
Net Debt	-$181M