Pacific Airport Group financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Pacific 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	8,107	11,108	12,366	14,123	16,226	11,866	19,015	27,380	33,224	33,614
Cost of revenue	1,558	1,782	2,110	2,454	2,745	2,669
Gross profit	6,549	9,325	10,256	11,669	13,481	9,198
Operating income	4,089	5,235	6,282	7,245	8,017	3,820	8,857	13,814	15,139	15,051
Interest expense	209	382	619	1,012	1,426	1,514	1,687	2,456	3,439	4,104
Interest income	90.9	280	421	577	666	411	420	836	1,403	1,289
Pre-tax income	3,618	4,620	6,172	7,008	7,346	2,386	7,829	12,276	12,762	12,116
Income tax	847	1,267	1,441	1,869	1,891	467	1,786	3,090	3,072	3,240
Income from continuing operations	2,771	3,354	4,731	5,139	5,455	1,919	6,044	9,185	9,690	8,875
Net income to minority interests	44.8	71.7	82	101	94.6	-50.2	46.2	172	147	263
Net income	2,726	3,282	4,649	5,037	5,360	1,969	5,997	9,013	9,543	8,612
EBITDA	5,245	6,583	7,725	8,814	9,793	5,820	10,908	16,128	17,684	18,112
EPS, basic	5,187.00	6,244.00	8,846.00	9,584.00	10,199.00	3,746.00	11.55	17.73	18.89	17.04
EPS, diluted	5,187.00	6,244.00	8,846.00	9,584.00	10,199.00	3,746.00	11.55	17.73	18.89	17.04

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	2,996	5,188	7,730	6,151	7,500	14,445	13,333	12,371	10,055	13,466
Total current assets	3,387	5,999	8,980	7,840	9,367	16,846	16,398	15,512	13,709	17,458
Property, plant and equipment	1,556	1,630	1,656	1,906	1,906	2,146	3,094	3,928	4,552	4,819
Lease right-of-use assets				46.7	34.6	23.6	56.4	57.3	47.3	31.8
Total assets	31,473	36,051	39,518	39,551	41,578	51,361	55,323	60,505	67,445	81,653
Accounts payable				1,155	1,022	1,194	3,148	2,472	2,558	3,820
Short-term debt	3,529	84.8	141			1,160	165	1,655	4,830	6,983
Total current liabilities	4,658	1,941	2,295	2,173	4,677	5,263	9,363	6,920	12,086	20,450
Lease liabilities				33.7	24.6	15.5	47.1	46.2	39.5	20.7
Total liabilities	9,317	13,647	17,441	17,778	20,908	28,508	34,894	40,677	46,500	57,031
Total debt			13,252	13,536	16,437	24,355	27,861	34,345	40,568	47,990
Retained earnings	6,639	7,562	9,001	9,552	9,940	11,909	13,925	9,188	8,788	16,958
Shareholders' equity	21,274	21,333	21,028	20,709	19,628	21,793	19,288	18,639	19,782	22,346
Minority interests	882	1,072	1,049	1,063	1,041	1,060	1,140	1,189	1,163	2,276
Total equity	22,156	22,405	22,077	21,772	20,669	22,853	20,429	19,828	20,945	24,622
Total liabilities and equity	31,473	36,051	39,518	39,551	41,578	51,361	55,323	60,505	67,445	81,653

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	2,771	3,354	4,731	5,139	5,455	1,919	6,044	9,185	9,690	8,875
Depreciation and amortization	1,156	1,348	1,444	1,570	1,776	2,000	2,051	2,313	2,546	3,061
Cash from operations	4,905	5,641	6,169	7,236	8,164	3,567	11,095	12,520	13,935	16,674
Cash from investing	-3,670	-1,817	-1,939	-2,550	-2,586	-3,218	-4,969	-8,482	-11,092	-8,785
Debt repaid			-152	-252		-2,200	-7,442	-7,839	-2,244	-7,930
Dividends paid	-1,745	-2,139	-3,006	-4,005	-4,425			-7,314	-7,498
Cash from financing	166	-1,771	-1,687	-6,167	-4,232	6,288	-7,352	-4,926	-4,790	-5,020
Exchange rate effect		138	-0.81	-97.2	2.3	307	114	-73	-369	542
Net change in cash	1,401	2,192	2,542	-1,579	1,349	6,944	-1,112	-961	-2,316	3,411

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	44.8%	Operating income / revenue.
EBITDA margin	53.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	36.0%	Pre-tax income / revenue.
Net margin	25.6%	Net income / revenue.
Operating cash flow margin	49.6%	Cash from operations / revenue.
Effective tax rate	26.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	40.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	11.6%	Net income / average total assets.
Return on invested capital (ROIC)	20.6%	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%.
D&A / revenue	9.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	20.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	15.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-0.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	19.3%	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	13.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	2.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	18.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	13.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-9.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	12.8%	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	9.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-9.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	13.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-72.2%	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	19.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	14.5%	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	15.4%	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	13.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.0%	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	2.6%	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	21.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.9%	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	14.5%	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	0.85x	Current assets / current liabilities.
Quick ratio	0.66x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.66x	(Cash + short-term investments) / current liabilities.
Debt / equity	2.15x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	58.8%	Total debt / total assets.
Liabilities / assets	69.8%	Total liabilities / total assets.
Net debt	MX$34.52B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.91x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	3.67x	Operating income / interest expense.
Working capital	-MX$2.99B	Current assets - current liabilities.
Tangible book value	MX$22.35B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.45x	Revenue / average total assets.
Fixed asset turnover	7.17x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	MX$17.04	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$17.04	Net income per basic share, as reported (split-adjusted).

What was Pacific Airport Group's revenue in fiscal 2024?

Pacific Airport Group reported revenue of MX$33.61B for fiscal 2024, 1.2% higher than the year before.

Was Pacific Airport Group profitable in fiscal 2024?

Yes. Net income was MX$8.61B, a net margin of 25.6%.

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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