CHINA SOUTHERN AIRLINES CO LTD financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data CHINA SOUTHERN AIRLINES CO LTD files with the SEC in its annual reports.
In CNY millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
Revenue
111,652
114,981
127,806
143,623
154,322
92,561
101,644
87,059
General and administrative
2,464
2,815
3,391
3,770
4,073
4,088
3,663
3,511
Operating income
13,438
12,612
9,156
8,819
10,838
-11,864
-9,929
-22,542
Pre-tax income
6,118
7,661
8,874
4,364
4,055
-15,195
-13,910
-31,550
Income tax
1,300
1,763
1,976
1,000
971
-3,368
-2,894
2,166
Net income to minority interests
1,082
854
937
469
444
-980
1,090
-1,017
Net income
3,736
5,044
5,961
2,895
2,640
-10,847
-12,106
-32,699
EBITDA
25,283
25,231
22,318
23,127
35,458
12,726
14,312
1,724
Balance sheet
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
Cash and equivalents
4,560
4,152
6,826
6,928
1,849
25,419
21,456
19,889
Inventory
1,588
1,622
1,699
1,893
1,760
1,652
1,387
Total current assets
13,764
17,884
24,072
16,738
38,985
37,866
33,454
Property, plant and equipment
146,746
170,692
170,692
84,788
86,146
91,186
90,517
Lease right-of-use assets
0
153,211
151,065
138,439
131,954
Goodwill
182
237
237
237
237
237
237
Total assets
200,442
218,718
246,949
306,928
326,383
323,211
312,246
Accounts payable
19,015
19,701
21,292
21,300
20,892
20,097
22,290
Short-term debt
4,195
20,626
20,739
12,250
25,286
25,116
53,674
Total current liabilities
67,932
69,577
83,687
95,490
95,681
110,990
141,458
Lease liabilities
0
114,076
100,283
81,944
72,963
Total liabilities
145,466
156,175
168,480
229,599
241,252
Total debt
45,504
48,287
54,417
51,180
78,233
96,267
119,780
Shareholders' equity
43,456
49,936
65,257
64,106
69,584
67,851
41,275
Minority interests
11,520
12,607
13,212
13,223
15,547
16,657
14,084
Total equity
49,624
54,976
63,233
75,007
77,329
85,131
84,508
55,359
Total liabilities and equity
200,442
219,408
243,487
306,928
326,383
Cash flow statement
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
Net income
4,818
5,898
6,898
3,364
3,084
-11,827
-11,016
-33,716
Depreciation and amortization
11,845
12,619
13,162
14,308
24,620
24,590
24,241
24,266
Cash from operations
23,734
23,764
17,732
15,388
31,175
2,698
7,688
-2,450
Cash from investing
-6,931
-15,750
-8,236
-20,517
-14,427
-8,049
-15,820
-5,851
Debt issued
34,170
17,539
42,854
34,385
33,985
71,841
76,910
75,429
Debt repaid
-62,212
-46,695
-18,311
-34,260
-50,374
-52,601
-70,437
-36,359
Stock issued
0
1,321
10,908
0
15,951
6,046
Cash from financing
-27,695
-8,459
-6,796
5,220
-21,833
28,945
4,186
6,658
Exchange rate effect
38
37
-26
11
6
-24
-17
76
Interest paid
2,274
2,629
3,758
4,255
7,014
6,646
6,354
6,359
Key metrics
Worked out from the statements above. Latest values use fiscal 2022. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Operating margin
-25.9%
Operating income / revenue.
EBITDA margin
2.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-36.2%
Pre-tax income / revenue.
Net margin
-37.6%
Net income / revenue.
Operating cash flow margin
-2.8%
Cash from operations / revenue.
Return on equity (ROE)
-59.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-10.3%
Net income / average total assets.
Return on invested capital (ROIC)
-12.5%
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%.
D&A / revenue
27.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-14.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-17.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-7.4%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y
-88.0%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
-63.5%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y
-40.1%
Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-131.9%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-39.2%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-13.6%
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
-3.7%
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
-3.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
0.6%
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
7.4%
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
0.24x
Current assets / current liabilities.
Quick ratio
0.14x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.14x
(Cash + short-term investments) / current liabilities.
Debt / equity
2.90x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
38.4%
Total debt / total assets.
Net debt
CN¥99.89B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
57.9x
Net debt / EBITDA (twelve months), when EBITDA is positive.
What was CHINA SOUTHERN AIRLINES CO LTD's revenue in fiscal 2022?
CHINA SOUTHERN AIRLINES CO LTD reported revenue of CN¥87.06B for fiscal 2022, 14.3% lower than the year before.
Was CHINA SOUTHERN AIRLINES CO LTD profitable in fiscal 2022?
No. It reported a net loss of CN¥32.70B.
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.