PAC Q3 2024 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 2024 Earnings

Reported October 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$473M	$417M	—	13.4%	—
Op. Income	$214M	$202M	—	6.0%	—
Gross Margin	54.8%	60.4%	—	-5.6pp	—
Net Margin	24.1%	31.0%	—	-6.9pp	—
EPS (Diluted)	$2.25	$2.56	—	-12.1%	—
Free Cash Flow	$81M	$125M	—	-35.4%	—

Revenue Flow

Item	Amount
REVENUE	$473M
Cost of Revenue	$214M
GROSS PROFIT	$259M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$260M
SG&A Expenses	$260M
Other Expenses	-$215M
Operating Expenses	$45M
Cost & Expenses	$259M
OPERATING INCOME	$214M
Interest Income	$20M
Interest Expense	$64M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$153M
Income Tax Expense	$39M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$45M
EBIT	$214M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$473M
Cost of Revenue	$214M
GROSS PROFIT	$259M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$260M
SG&A Expenses	$260M
Other Expenses	-$215M
Operating Expenses	$45M
Cost & Expenses	$259M
OPERATING INCOME	$214M
Interest Income	$20M
Interest Expense	$64M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$153M
Income Tax Expense	$39M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$45M
EBIT	$214M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$45M
Stock-Based Compensation	$0
Deferred Income Tax	-$14M
Other Non-Cash Items	$73M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$209M
Capital Expenditure	-$129M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$324M
Common Stock Repurchased	$0
Common Dividends Paid	$4M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$130M
FREE CASH FLOW	$81M
Net Change in Cash	$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$910M
Short-Term Investments	$0
Net Receivables	$136M
Inventory	$0
Other Current Assets	$76M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$260M
Goodwill	$0
Intangible Assets	$2.5B
Long-Term Investments	$3M
Tax Assets	$456M
Other Non-Current Assets	$198M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.6B
Account Payables	$88M
Short-Term Debt	$721M
Deferred Revenue	$0
Other Current Liabilities	$345M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.3B
Common Stock	$69M
Additional Paid-In Capital	$0
Retained Earnings	$856M
Treasury Stock	$0
Accum. Other Comp. Income	$237M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$77M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$2.8B
Net Debt	$1.9B