Controladora Vuela Compania de Aviacion, S.A.B. de C.V. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Controladora Vuela Compania de Aviacion, S.A.B. de C.V. files with the SEC in its annual reports.

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

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Operating income	0.94	-44.7	231	-134	397	43.7	223	413
Interest expense	4.38	6.11	120	138	139	193	219	294
Interest income	5.36	7.75	11	4.78	3.53	12.9	38.2	49.4
Pre-tax income	-38.3	-46.8	198	-253	137	-132	7.44	183
Income tax	-8.17	-12.1	58.1	-61.7	30.6	-52.1	-0.38	56.3
Net income	-30.1	-34.7	140	-192	106	-80.2	7.82	126
EBITDA	28.7	-19.3	267	-91.4	454	141	357	596
EPS, basic	-0.03	-0.03	0.14	-0.19	0.09	-0.07	0.01	0.11
EPS, diluted	-0.03	-0.03	0.14	-0.19	0.09	-0.07	0.01	0.11

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	353	423	400	506	741	712	774	908
Inventory	14.9	15.1	16	14	14.4	15.8	16.1	16.6
Total current assets	573	467	643	722	979	1,066	1,248	1,382
Property, plant and equipment	222	294	392	365	455	479	805	1,070
Lease right-of-use assets			1,811	1,720	1,917	2,181	2,338	2,470
Intangible assets	9.65	9.1	8.88	9.6	12.6	12.7	16.2	26
Total assets	1,149	1,134	3,359	3,418	3,985	4,468	5,146	5,704
Total current liabilities	475	470	919	1,051	1,252	1,420	1,622	1,770
Lease liabilities			1,900	1,887	2,128	2,373	2,519	2,670
Total liabilities	634	668	3,065	3,278	3,671	4,233	4,903	5,339
Retained earnings	257	217	23.3	-193	-75.7	-156	-148	-21.7
Total equity	515	466	293	140	313	235	243	365
Total liabilities and equity	1,149	1,134	3,359	3,418	3,985	4,468	5,146	5,704

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	-30.1	-34.7	140	-192	106	-80.2	7.82	126
Depreciation and amortization	27.8	25.4	35.8	42.1	57	97.5	134	183
Cash from operations	50	28.7	505	214	785	614	730	1,090
Capital expenditures	-128	-139	-185	-157	-186	-347	-481	-583
Cash from investing	-115	-70.6	-99.7	-3.15	-135	-131	-462	-473
Debt issued	124	61.4	148	108	115	155	457	385
Debt repaid	-46.9	-60.6	-62.7	-99.6	-76.9	-197	-97.9	-208
Share buybacks	-0.51	-2.91	-4	-4.51	-4.37	-5.24	-4.02	-5.07
Cash from financing	70.9	-11.9	-278	-130	-435	-513	-214	-472
Exchange rate effect	-12.4	-1.48	-14.6	1.99	19.1	0.91	8.91	-11.8
Free cash flow	-77.8	-111	320	56.6	599	266	249	507
Income taxes paid	36.3	10.5	5.04	11.8	3.19	51.2	37.7	18.4

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $6.76 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	30.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	2.3%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Operating income growth, 1y	85.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	1.3%	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	12.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	67.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	9.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	17.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	1,516.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.9%	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	-2.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	1,443.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	5.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-4.8%	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	49.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	11.5%	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	16.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	103.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-5.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	9.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	12.7%	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	11.2%	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	0.78x	Current assets / current liabilities.
Quick ratio	0.51x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.51x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	93.6%	Total liabilities / total assets.
Interest coverage	1.41x	Operating income / interest expense.
Working capital	-$388.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.5%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	400.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	53.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.11	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	$0.11	Net income per basic share, as reported (split-adjusted).
Buybacks / FCF	1.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$785.5M	Share price x shares outstanding.
Enterprise value	-$122.5M	Market cap + total debt - cash - short-term investments.
P/E	6.22x	Market cap / net income. Only when net income is positive.
P/FCF	1.55x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	0.72x	Market cap / cash from operations, when positive.
FCF yield	64.5%	Free cash flow / market cap.
Earnings yield	16.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.6%	(Dividends paid + share buybacks) / market cap.
PEG	1.06x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was Controladora Vuela Compania de Aviacion, S.A.B. de C.V. profitable in fiscal 2024?

Yes. Net income was $126.4M, a net margin of -.

How much free cash flow did Controladora Vuela Compania de Aviacion, S.A.B. de C.V. generate in fiscal 2024?

Cash from operations of $1.09B minus capital expenditures of $583.1M left free cash flow of $506.7M.

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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