SOUTHEAST AIRPORT GROUP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SOUTHEAST AIRPORT GROUP files with the SEC in its annual reports.

In MXN millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	8,995	9,753	12,590	15,410	16,822	12,625	18,785	25,314	25,822	31,333
General and administrative	197	205	204	235	250	233	263	287	319	320
Operating income	4,073	4,933	1,477	7,779	8,481	3,276	8,658	14,698	15,244	17,520
Interest expense	97	126	619	1,231	1,084	926	842	856	1,126	827
Interest income	156	185	246	281	344	262	202	450	1,349	1,615
Pre-tax income	4,014	5,031	8,387	6,917	7,662	2,856	8,126	14,085	14,620	20,373
Income tax	-1,095	1,401	1,635	1,796	1,978	729	1,729	3,439	3,944	6,342
Net income	2,914	3,629	6,750	5,120	5,684	2,127	6,398	10,646	10,676	14,030
EPS, basic				16.63	18.22	6.57	19.95	33.29	34.01	45.17
EPS, diluted				16.63	18.22	6.57	19.95	33.29	34.01	45.17

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	2,084	3,143	4,418	3,713	6,193	5,193	8,770	13,175	13,873	20,083
Receivables		465	686	793	1,004	1,358	1,878	2,542	2,318	2,804
Inventory		24.4	50.2	48.7	49.7	34	57.1	64.7	60.4	58.2
Total current assets		4,233	5,788	6,001	7,846	7,716	11,662	18,080	18,733	25,656
Property, plant and equipment	322	323	473	558	521	504	185	171	184	268
Lease right-of-use assets					14.8	9.51	18.9	24.5	25.8	27.5
Goodwill			2,362	2,362	2,567	2,567	2,603	2,469	2,149	2,624
Total assets		29,216	56,614	56,182	57,516	60,411	65,831	70,920	70,342	83,637
Accounts payable		475	1,762	1,871	1,799	1,598	2,489	2,815	2,804	2,934
Short-term debt			340	325	311	330	354	377	344	444
Total current liabilities		593	2,409	2,408	2,560	2,767	3,786	5,564	4,827	5,887
Total liabilities		6,462	22,926	19,500	18,745	18,718	20,061	21,904	18,751	22,024
Total debt			7,489		13,713	13,900	578	15,205	12,225	13,359
Retained earnings		8,155	9,950	9,920	10,439	12,132	15,552	20,731	24,701	20,321
Shareholders' equity		22,754	26,040	29,106	31,158	33,666	37,177	41,621	44,945	54,213
Minority interests			7,648	7,575	7,613	8,027	8,594	7,395	6,646	7,400
Total equity	20,408	22,754	33,688	36,681	38,771	41,693	45,770	49,016	51,591	61,613
Total liabilities and equity		29,216	56,614	56,182	57,516	60,411	65,831	70,920	70,342	83,637

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	2,914	3,629	6,750	5,120	5,684	2,127	6,398	10,646	10,676	14,030
Cash from operations		4,509	6,031	7,696	8,502	2,937	10,347	13,518	13,445	15,571
Cash from investing	-2,817	-1,367	-4,961	-1,312	-2,390	-2,876	-3,428	-2,547	-2,449	-2,753
Debt issued			8,000			306	4,650
Debt repaid			-5,339	-3,090	-152	-246	-4,429	-1,498	-1,475	-539
Dividends paid	-1,530	-1,683	-1,848	-2,034	-3,000		-2,463	-4,509	-5,979	-6,278
Cash from financing	-1,627	-1,790	81.5	-6,477	-4,428	-1,142	-3,378	-6,130	-9,316	-8,918
Exchange rate effect	18.8	60.7	28.3	-0.65	-75.5	81.1	36.2	-436	-981	2,311

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Operating margin	55.9%	Operating income / revenue.
Pre-tax margin	65.0%	Pre-tax income / revenue.
Net margin	44.8%	Net income / revenue.
Operating cash flow margin	49.7%	Cash from operations / revenue.
Effective tax rate	31.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	28.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	18.2%	Net income / average total assets.
Return on invested capital (ROIC)	26.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	21.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	18.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	13.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	14.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	26.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	15.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	31.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	29.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	19.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	32.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	31.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	15.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	14.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	20.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	11.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	18.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.36x	Current assets / current liabilities.
Quick ratio	3.89x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	3.41x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.25x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	16.0%	Total debt / total assets.
Liabilities / assets	26.3%	Total liabilities / total assets.
Net debt	-MX$6.72B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	21.2x	Operating income / interest expense.
Working capital	MX$19.77B	Current assets - current liabilities.
Goodwill and intangibles / assets	3.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	MX$51.59B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.41x	Revenue / average total assets.
Fixed asset turnover	138x	Revenue / average property, plant and equipment.
Receivables turnover	12.2x	Revenue / average receivables.
Days sales outstanding	30 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	MX$45.17	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	MX$45.17	Net income per basic share, as reported (split-adjusted).
Payout ratio	44.7%	Dividends paid / net income, when net income is positive.

What was SOUTHEAST AIRPORT GROUP's revenue in fiscal 2024?

SOUTHEAST AIRPORT GROUP reported revenue of MX$31.33B for fiscal 2024, 21.3% higher than the year before.

Was SOUTHEAST AIRPORT GROUP profitable in fiscal 2024?

Yes. Net income was MX$14.03B, a net margin of 44.8%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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