Grupo Aeroportr dl Pcfco SAB de CV(NYSE:PAC) 
Grupo Aeroportuario del Pacfico, S.A.B. de C.V. develops, manages, and operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguasca...
Website: http://www.aeropuertosgap.com.mx
Founded: 1998
Full Time Employees: 1,603
Sector: Industrials
Industry: Airports & Air Services
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At a glance:
Bull Thesis:
Bear Thesis:
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Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2023-02-21 | 2022-12-31 | 2022-10-21 | 2022-07-25 | 2022-04-25 | 2022-02-22 | 2021-12-31 | 2021-10-27 | 2021-07-29 | 2021-04-29 | 2021-02-24 | 2020-07-24 | 2020-02-20 | 2019-07-25 | 2015-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2006-06-29 | 2006-05-03 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||
aeronautical services | 2,112,899,000 | 2,112,899,000 | ||||||||||||||||||||||||
non-aeronautical services | 478,416,000 | 478,416,000 | ||||||||||||||||||||||||
operating costs: | ||||||||||||||||||||||||||
cost of services | 650,749,000 | 650,749,000 | ||||||||||||||||||||||||
technical assistance fees | 92,363,000 | 92,363,000 | ||||||||||||||||||||||||
government concession fees | 128,697,000 | 128,697,000 | ||||||||||||||||||||||||
depreciation and amortization | 617,138,000 | 617,138,000 | ||||||||||||||||||||||||
operating costs: - sum | 1,488,947,000 | 1,488,947,000 | ||||||||||||||||||||||||
income from operations | 1,102,368,000 | 1,102,368,000 | ||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||
qoq | 0.00% | |||||||||||||||||||||||||
net comprehensive financing income: | ||||||||||||||||||||||||||
interest income – net | 89,826,000 | 89,826,000 | ||||||||||||||||||||||||
exchange gain – net | -10,810,000 | -10,810,000 | ||||||||||||||||||||||||
monetary position loss | -47,161,000 | -47,161,000 | ||||||||||||||||||||||||
loss from embedded derivatives | -20,291,000 | -20,291,000 | ||||||||||||||||||||||||
net comprehensive financing income: - sum | 11,564,000 | 11,564,000 | ||||||||||||||||||||||||
other expenses – net | -814,000 | -814,000 | ||||||||||||||||||||||||
income before income taxes, statutory employee profit sharing and cumulative effect of change in accounting principle | 1,113,118,000 | |||||||||||||||||||||||||
income tax expense | 453,637,000 | 453,637,000 | ||||||||||||||||||||||||
statutory employee profit sharing expense | 669,000 | 669,000 | ||||||||||||||||||||||||
income before cumulative effect of change in accounting principle | 658,812,000 | |||||||||||||||||||||||||
cumulative effect of change in accounting principle – net | ||||||||||||||||||||||||||
consolidated net income | 658,812,000 | 658,812,000 | ||||||||||||||||||||||||
weighted-average number of common shares outstanding | 508,371,309,000 | 519,372,684,000 | 561,000,000,000 | 561,000,000,000 | 561,000,000,000 | |||||||||||||||||||||
basic earnings per share of | ||||||||||||||||||||||||||
continuing operations | 1.174 | 1.174 | ||||||||||||||||||||||||
cumulative effect of change in accounting principle | ||||||||||||||||||||||||||
basic net income per share | 1.174 | 1.174 | ||||||||||||||||||||||||
income before income taxes and statutory employee profit sharing | 1,113,118,000 | |||||||||||||||||||||||||
income before cumulative effect of change | ||||||||||||||||||||||||||
in accounting principle | 658,812,000 | |||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-02-26 | 2023-02-21 | 2022-12-31 | 2022-10-21 | 2022-07-25 | 2022-02-21 | 2021-12-31 | 2021-10-27 | 2021-07-29 | 2021-04-29 | 2020-12-31 | 2020-10-29 | 2020-07-24 | 2020-04-29 | 2019-12-31 | 2019-07-25 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2006-06-29 | 2006-05-03 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||
cash and cash equivalents | 10,055,211,000 | 12,371,464,000 | 16,157,567,000 | 13,489,562,000 | 12,371,464,000 | 13,332,877,000 | 10,650,840,000 | 15,502,987,000 | 14,728,391,000 | 14,444,549,000 | 15,220,432,000 | 15,748,829,000 | 10,973,890,000 | 7,500,193,000 | 10,224,400,000 | |||||||||||||||
trade accounts receivable - net | 2,251,229,000 | 2,368,342,000 | 1,867,442,000 | 1,964,410,000 | 2,368,342,000 | 1,720,475,000 | 1,419,022,000 | 1,555,349,000 | 1,318,636,000 | 1,266,005,000 | 1,337,069,000 | 1,060,950,000 | 1,838,539,000 | 1,479,410,000 | 1,091,287,000 | 361,875,000 | ||||||||||||||
other current assets | 1,402,959,000 | 771,974,000 | 113,853,000 | 751,617,000 | 696,457,000 | 771,974,000 | 1,344,223,000 | 1,196,699,000 | 1,215,368,000 | 1,162,282,000 | 1,135,555,000 | 955,218,000 | 821,097,000 | 482,747,000 | 387,881,000 | 376,953,000 | 56,212,000 | 55,410,000 | 4,872,000 | 3,106,000 | 2,747,000 | |||||||||
total current assets | 13,709,399,000 | 15,511,780,000 | 15,511,780,000 | 18,776,626,000 | 16,150,429,000 | 15,511,780,000 | 16,397,575,000 | 13,266,561,000 | 18,273,704,000 | 17,209,309,000 | 16,846,109,000 | 17,512,719,000 | 17,630,876,000 | 13,295,176,000 | 9,367,484,000 | 11,692,640,000 | 5,998,574,000 | 3,386,683,000 | 2,062,571,000 | 2,872,087,000 | 2,459,168,000 | 2,866,039,000 | 3,023,099,000 | 2,817,240,000 | 2,730,299,000 | 2,313,484,000 | 1,646,050,000 | 1,280,532,000 | 1,280,532,000 | 1,280,532,000 |
advanced payments to suppliers | 2,105,833,000 | 2,564,880,000 | 2,564,880,000 | 2,009,155,000 | 1,619,117,000 | 2,564,880,000 | 923,795,000 | 879,342,000 | 627,829,000 | 466,306,000 | 464,675,000 | 395,746,000 | 367,078,000 | 396,717,000 | 241,231,000 | 170,011,000 | 308,164,000 | 253,491,000 | ||||||||||||
machinery, equipment and improvements to leased buildings - net | 4,552,283,000 | 3,928,258,000 | 3,707,712,000 | 3,586,973,000 | 3,928,258,000 | 3,094,220,000 | 2,542,454,000 | 2,468,753,000 | 2,307,962,000 | 2,146,232,000 | 2,077,750,000 | 1,999,903,000 | 1,923,125,000 | 1,905,684,000 | 1,834,010,000 | |||||||||||||||
improvements to concession assets - net | 28,997,244,000 | 20,260,493,000 | 18,524,228,000 | 17,098,809,000 | 20,260,493,000 | 16,857,852,000 | 14,496,214,000 | 14,004,941,000 | 13,846,300,000 | 13,763,840,000 | 13,453,827,000 | 12,978,449,000 | 12,806,135,000 | 12,063,383,000 | 11,134,421,000 | |||||||||||||||
airport concessions - net | 8,778,988,000 | 9,668,698,000 | 9,950,067,000 | 10,000,663,000 | 9,668,698,000 | 10,328,521,000 | 10,386,868,000 | 10,404,130,000 | 10,659,934,000 | 10,649,220,000 | 11,171,190,000 | 11,426,767,000 | 11,570,119,000 | 10,821,596,000 | 11,088,915,000 | 17,119,881,000 | ||||||||||||||
rights to use airport facilities - net | 1,461,100,000 | 1,135,009,000 | 1,153,359,000 | 1,171,708,000 | 1,135,009,000 | 1,208,406,000 | 1,226,755,000 | 1,245,103,000 | 1,263,452,000 | 1,281,801,000 | 1,300,151,000 | 1,318,500,000 | 855,249,000 | 873,598,000 | 901,973,000 | 2,393,011,000 | ||||||||||||||
deferred income taxes - net | 7,337,813,000 | 6,810,168,000 | 6,668,207,000 | 6,469,200,000 | 6,810,168,000 | 6,230,886,000 | 6,114,888,000 | |||||||||||||||||||||||
other non-current assets | 502,198,000 | 626,055,000 | 672,900,000 | 555,287,000 | 626,055,000 | 281,830,000 | 186,772,000 | 157,094,000 | 111,566,000 | 242,933,000 | 256,914,000 | 212,791,000 | 692,048,000 | 655,884,000 | 213,332,000 | |||||||||||||||
total assets | 67,444,859,000 | 60,505,341,000 | 61,462,254,000 | 56,652,185,000 | 60,505,341,000 | 55,323,085,000 | 49,099,854,000 | 53,224,688,000 | 51,928,672,000 | 51,361,173,000 | 52,185,790,000 | 51,789,700,000 | 47,326,570,000 | 41,577,804,000 | 42,914,825,000 | |||||||||||||||
liabilities | ||||||||||||||||||||||||||||||
current liabilities | 12,085,579,000 | 6,919,970,000 | 10,397,308,000 | 10,301,328,000 | 6,919,970,000 | 9,362,958,000 | 4,338,720,000 | 5,390,130,000 | 4,992,770,000 | 5,262,675,000 | 8,433,190,000 | 6,079,799,000 | 2,522,435,000 | 4,676,566,000 | 8,262,415,000 | |||||||||||||||
long-term liabilities | 34,414,633,000 | 33,757,326,000 | 32,934,715,000 | 29,953,067,000 | 33,757,326,000 | 25,531,527,000 | 25,652,501,000 | 25,574,660,000 | 23,104,100,000 | 23,245,715,000 | 20,592,268,000 | 22,821,284,000 | 20,969,520,000 | 16,231,795,000 | 16,377,011,000 | |||||||||||||||
total liabilities | 46,500,212,000 | 40,677,296,000 | 40,677,296,000 | 43,332,023,000 | 40,254,394,000 | 40,677,296,000 | 34,894,485,000 | 29,991,221,000 | 30,964,790,000 | 28,096,870,000 | 28,508,390,000 | 29,025,457,000 | 28,901,083,000 | 23,491,955,000 | 20,908,361,000 | 24,639,426,000 | 13,646,893,000 | 9,317,356,000 | 3,000,316,000 | 3,021,889,000 | 3,080,424,000 | 3,049,109,000 | 2,218,377,000 | 1,601,361,000 | 1,404,048,000 | 1,164,712,000 | 332,247,000 | 284,640,000 | 284,640,000 | 284,640,000 |
stockholders' equity | ||||||||||||||||||||||||||||||
common stock | 8,197,536,000 | 8,197,536,000 | 8,197,536,000 | 8,197,536,000 | 8,197,536,000 | 8,197,536,000 | 170,381,000 | 170,381,000 | 4,185,082,000 | 6,185,082,000 | 6,185,082,000 | 6,185,082,000 | 6,185,082,000 | 6,185,082,000 | 6,185,082,000 | 6,185,082,000 | 10,778,613,000 | 12,528,780,000 | 13,937,322,000 | 15,447,322,000 | 15,447,322,000 | 24,344,476,000 | 24,344,476,000 | 24,344,476,000 | 24,344,476,000 | 24,344,476,000 | 23,462,294,000 | 22,549,057,000 | 22,549,057,000 | 22,549,057,000 |
legal reserve | 478,185,000 | 34,076,000 | 34,076,000 | 34,076,000 | 34,076,000 | 34,076,000 | 1,592,551,000 | 1,592,551,000 | 1,592,551,000 | 1,592,551,000 | 1,592,551,000 | 1,592,552,000 | 1,592,551,000 | 1,592,551,000 | 1,592,551,000 | 1,592,550,000 | 960,943,000 | 840,743,000 | 735,491,000 | 635,914,000 | 553,477,000 | 507,349,000 | 432,341,000 | 372,369,000 | 295,223,000 | 225,082,000 | 172,631,000 | 117,381,000 | 117,381,000 | 117,381,000 |
retained earnings | 8,787,568,000 | 174,450,000 | 9,187,597,000 | 136,704,000 | 136,704,000 | 174,450,000 | 7,927,599,000 | 7,927,599,000 | 9,927,597,000 | 11,908,890,000 | 9,940,035,000 | 9,940,035,000 | 9,940,035,000 | 9,940,034,000 | 4,579,883,000 | 4,579,884,000 | 7,561,527,000 | 6,638,935,000 | 6,213,078,000 | 5,766,207,000 | 5,172,414,000 | 1,490,911,000 | 1,503,897,000 | 1,199,444,000 | 2,086,659,000 | 1,792,007,000 | 1,548,539,000 | 1,076,032,000 | 1,076,032,000 | 1,076,032,000 |
reserve for share repurchase | 2,500,000,000 | 2,499,473,000 | 2,499,473,000 | 2,499,473,000 | 2,499,473,000 | 5,531,292,000 | 5,531,293,000 | 5,264,666,000 | 3,283,374,000 | 3,283,374,000 | 3,283,374,000 | 3,283,374,000 | 3,283,374,000 | 3,283,374,000 | 3,283,374,000 | |||||||||||||||
repurchased shares | -1,999,987,000 | -1,999,987,000 | -1,999,987,000 | -1,075,703,000 | -1,999,987,000 | -3,000,037,000 | -2,944,448,000 | -2,071,558,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,733,374,000 | -1,664,034,000 | -1,387,302,000 | -1,387,302,000 | -609,809,000 | -43,712,000 | |||||||||
foreign currency translation reserve | 575,534,000 | 575,534,000 | 687,735,000 | 708,882,000 | 575,534,000 | 1,034,233,000 | 992,017,000 | 951,116,000 | 1,073,704,000 | 1,037,446,000 | 1,610,358,000 | 1,711,320,000 | 1,780,720,000 | 525,992,000 | 651,985,000 | 1,071,159,000 | 415,493,000 | |||||||||||||
remeasurements of employee benefit – net | 14,013,000 | 5,522,000 | 5,416,000 | 14,013,000 | 5,211,000 | 1,562,000 | -8,215,000 | -8,950,000 | -10,052,000 | -14,732,000 | -3,099,000 | 6,459,000 | 6,606,000 | 7,716,000 | ||||||||||||||||
cash flow hedges- net | 60,720,000 | 130,624,000 | 168,095,000 | 167,051,000 | 130,624,000 | 29,658,000 | -231,080,000 | -254,312,000 | -471,107,000 | -461,752,000 | -520,200,000 | -172,094,000 | ||||||||||||||||||
total controlling interest | 19,781,783,000 | 18,638,866,000 | 16,954,264,000 | 15,280,664,000 | 18,638,866,000 | 19,288,380,000 | 18,003,541,000 | 21,200,576,000 | 22,758,935,000 | 21,792,811,000 | 22,010,260,000 | 21,683,239,000 | 22,599,590,000 | 19,628,172,000 | 17,167,306,000 | 21,273,951,000 | ||||||||||||||
non-controlling interest | 1,162,864,000 | 1,189,179,000 | 1,189,179,000 | 1,175,967,000 | 1,117,126,000 | 1,189,179,000 | 1,140,220,000 | 1,105,092,000 | 1,059,323,000 | 1,072,867,000 | 1,059,972,000 | 1,150,073,000 | 1,205,379,000 | 1,235,024,000 | 1,041,271,000 | 1,108,093,000 | 1,071,554,000 | 882,092,000 | ||||||||||||
total stockholder's equity | 20,944,647,000 | 19,828,045,000 | 18,130,231,000 | 16,397,790,000 | 19,828,045,000 | 20,428,600,000 | 19,108,633,000 | 22,259,899,000 | ||||||||||||||||||||||
total liabilities and stockholders' equity | 67,444,859,000 | 60,505,341,000 | 61,462,254,000 | 56,652,185,000 | 60,505,341,000 | 55,323,085,000 | 49,099,854,000 | 53,224,688,000 | 51,789,700,000 | 47,326,570,000 | 41,577,804,000 | 42,914,825,000 | ||||||||||||||||||
the non-controlling interest corresponds to the 25.5% stake held in the montego bay airport by vantage airport group limited (“vantage”). | ||||||||||||||||||||||||||||||
net income | 9,013,147,000 | 7,225,111,000 | 4,607,230,000 | 9,013,147,000 | 5,997,492,000 | 4,217,345,000 | 2,463,307,000 | 1,050,154,000 | 1,968,856,000 | 1,608,717,000 | 1,227,550,000 | 1,776,946,000 | 5,360,152,000 | 2,600,089,000 | ||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||
trade accounts receivable – net | 2,368,342,000 | 607,544,000 | 159,196,000 | 337,581,000 | 207,515,000 | 244,796,000 | 294,503,000 | 296,146,000 | 572,058,000 | 470,310,000 | 392,330,000 | 361,875,000 | 361,875,000 | |||||||||||||||||
recoverable taxes | 658,121,000 | 82,846,000 | 114,369,000 | 174,961,000 | ||||||||||||||||||||||||||
machinery, equipment and improvements on leased assets – net | 3,928,258,000 | 1,630,393,000 | 1,555,593,000 | |||||||||||||||||||||||||||
improvements to concession assets – net | 20,260,493,000 | 8,912,544,000 | 7,294,318,000 | 5,148,431,000 | 5,002,667,000 | 4,810,150,000 | 4,633,604,000 | 4,148,039,000 | 3,368,848,000 | |||||||||||||||||||||
airport concessions – net | 9,668,698,000 | 12,384,923,000 | 12,240,167,000 | 9,611,296,000 | 9,895,346,000 | 10,179,422,000 | 15,893,953,000 | 16,325,463,000 | 17,188,483,000 | 17,619,994,000 | 17,397,363,000 | 17,119,881,000 | 17,119,881,000 | |||||||||||||||||
rights to use airport facilities – net | 703,500,000 | 1,043,695,000 | 1,100,394,000 | 1,157,093,000 | 1,213,792,000 | 1,270,490,000 | 2,015,986,000 | 2,102,111,000 | 2,283,598,000 | 2,383,582,000 | 2,393,567,000 | 2,393,011,000 | 2,393,011,000 | |||||||||||||||||
other acquired rights – net | 431,509,000 | 531,690,000 | 548,387,000 | 565,084,000 | 581,781,000 | 598,481,000 | 778,100,000 | 799,180,000 | 841,339,000 | 862,419,000 | 851,489,000 | 837,158,000 | 837,158,000 | |||||||||||||||||
derivative financial instruments | 292,697,000 | 72,454,000 | 340,000 | 1,045,000 | ||||||||||||||||||||||||||
deferred income taxes – net | 6,810,168,000 | 5,070,844,000 | 4,933,221,000 | 4,851,164,000 | 4,673,687,000 | 4,152,804,000 | 1,807,873,000 | 1,536,986,000 | ||||||||||||||||||||||
right of use assets | 57,258,000 | |||||||||||||||||||||||||||||
other assets – net | 276,100,000 | 76,545,000 | 68,913,000 | 47,627,000 | 38,247,000 | |||||||||||||||||||||||||
total | 24,345,496,000 | 24,345,496,000 | 24,345,496,000 | |||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||
banks loans, debt securities and current portion of the debt | ||||||||||||||||||||||||||||||
concession taxes payable | 259,083,000 | 250,300,000 | 117,802,000 | 38,704,000 | 36,335,000 | 32,227,000 | 33,493,000 | 26,791,000 | 17,140,000 | 25,785,000 | 25,179,000 | |||||||||||||||||||
aeropuertos mexicanos del pacífico, s.a.p.i. de c.v. | 621,722,000 | 198,512,000 | 149,637,000 | 124,957,000 | 102,394,000 | 85,321,000 | ||||||||||||||||||||||||
accounts payable | 2,472,291,000 | 1,085,926,000 | 637,246,000 | 300,642,000 | 316,233,000 | 376,225,000 | 472,645,000 | 403,724,000 | 275,478,000 | 374,661,000 | 336,321,000 | 126,974,000 | 108,920,000 | 108,920,000 | 108,920,000 | |||||||||||||||
advance payments from clients | 106,353,000 | |||||||||||||||||||||||||||||
taxes payable | 153,139,000 | 25,170,000 | 26,982,000 | 41,211,000 | 23,765,000 | 19,621,000 | ||||||||||||||||||||||||
liabilities for assets in lease | 15,418,000 | |||||||||||||||||||||||||||||
income taxes payable | 983,868,000 | 296,633,000 | 197,541,000 | 98,174,000 | 95,850,000 | 63,392,000 | ||||||||||||||||||||||||
total current liabilities | 6,919,970,000 | 1,941,299,000 | 4,658,310,000 | 1,582,226,000 | 1,212,154,000 | 1,132,711,000 | 1,062,027,000 | 903,941,000 | 612,457,000 | 673,872,000 | 600,352,000 | 266,707,000 | 232,636,000 | 232,636,000 | 232,636,000 | |||||||||||||||
deposits received in guarantee | 916,961,000 | 936,828,000 | 725,437,000 | 597,139,000 | 522,204,000 | 430,625,000 | ||||||||||||||||||||||||
deferred income taxes | 488,804,000 | 6,043,134,000 | 6,063,843,000 | 5,966,363,000 | 6,017,493,000 | 5,855,337,000 | 5,788,002,000 | 5,648,944,000 | 5,389,576,000 | 946,673,000 | 818,879,000 | 1,072,384,000 | 826,242,000 | 1,047,619,000 | 686,607,000 | 702,033,000 | 702,033,000 | 702,033,000 | ||||||||||||
retirement employee benefits | 216,908,000 | |||||||||||||||||||||||||||||
long-term borrowings | 6,232,858,000 | 4,529,518,000 | 421,363,000 | |||||||||||||||||||||||||||
debt securities | 25,855,588,000 | 5,200,000,000 | 2,600,000,000 | |||||||||||||||||||||||||||
total long-term liabilities | 33,757,326,000 | 11,705,594,000 | 4,659,046,000 | |||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||
reserve for repurchase of shares | 2,499,473,000 | 2,683,374,000 | 2,583,374,000 | 2,133,374,000 | 2,027,302,000 | |||||||||||||||||||||||||
remeasurements of employee benefits – net of income tax | 14,013,000 | 10,773,000 | ||||||||||||||||||||||||||||
reserve for financial instruments of cash flow hedges – net of income tax | 130,624,000 | |||||||||||||||||||||||||||||
total equity attributable to controlling interest | 18,638,866,000 | 21,333,015,000 | ||||||||||||||||||||||||||||
total stockholders’ equity | 19,828,045,000 | 23,831,802,000 | 21,285,891,000 | 22,212,711,000 | 21,453,213,000 | 26,342,736,000 | 26,670,905,000 | 26,780,554,000 | 26,737,646,000 | 26,361,565,000 | 25,183,464,000 | 24,060,856,000 | 24,060,856,000 | |||||||||||||||||
total liabilities and stockholders’ equity | 51,928,672,000 | 51,361,173,000 | 52,185,790,000 | |||||||||||||||||||||||||||
total stockholder’s equity | 22,852,783,000 | 23,160,333,000 | 22,888,618,000 | |||||||||||||||||||||||||||
total stockholder´s equity | 23,834,614,000 | 20,669,443,000 | 18,275,399,000 | 22,156,043,000 | ||||||||||||||||||||||||||
other acquired rights | 489,948,000 | |||||||||||||||||||||||||||||
recoverable taxes and undue payments | 146,680,000 | 175,578,000 | 124,616,000 | |||||||||||||||||||||||||||
investments in associates | 21,636,000 | 92,232,000 | ||||||||||||||||||||||||||||
banks loans and current portion of long-term borrowings | ||||||||||||||||||||||||||||||
employee benefits | 92,575,000 | 93,367,000 | 80,015,000 | 70,632,000 | 58,514,000 | 45,216,000 | 35,158,000 | 25,121,000 | ||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||
total equity | 22,404,569,000 | |||||||||||||||||||||||||||||
financial investments held for trading purposes | 410,433,000 | 433,573,000 | 278,349,000 | 233,915,000 | 279,621,000 | 275,237,000 | 239,367,000 | 124,960,000 | ||||||||||||||||||||||
advance payments to suppliers | 30,288,000 | 82,843,000 | 65,764,000 | 114,712,000 | ||||||||||||||||||||||||||
machinery, equipment and improvements on leased buildings – net | 812,653,000 | 873,541,000 | 951,465,000 | 836,339,000 | 447,166,000 | 335,158,000 | ||||||||||||||||||||||||
current portion of long-term bank loans | ||||||||||||||||||||||||||||||
long-term bank loans | 740,936,000 | 1,216,899,000 | 1,456,798,000 | 1,612,179,000 | 1,042,808,000 | |||||||||||||||||||||||||
recoverable income taxes | 269,000 | 1,861,000 | 23,022,000 | 23,022,000 | 23,022,000 | 11,445,000 | 79,668,000 | 87,438,000 | 87,438,000 | 87,438,000 | ||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||
other assets | 42,987,000 | 62,150,000 | 61,993,000 | 41,560,000 | 31,776,000 | 29,706,000 | 26,002,000 | 21,497,000 | 21,497,000 | 21,497,000 | ||||||||||||||||||||
liabilities for postemployment benefits | 60,290,000 | |||||||||||||||||||||||||||||
fund for repurchase of shares | 1,667,302,000 | 1,387,302,000 | 1,000,000,000 | 864,265,000 | 55,000,000 | |||||||||||||||||||||||||
embedded derivatives | 469,000 | 266,000 | 109,000 | 242,000 | 49,000 | 42,000 | 76,000 | 76,000 | 76,000 | |||||||||||||||||||||
other accounts receivable | 2,249,000 | 1,739,000 | 2,251,000 | 1,187,000 | 8,251,000 | 5,555,000 | 19,234,000 | 19,234,000 | 19,234,000 | |||||||||||||||||||||
long-term cash and cash equivalents | 19,502,000 | |||||||||||||||||||||||||||||
recoverable tax on assets | 344,969,000 | 396,318,000 | 396,240,000 | 442,080,000 | ||||||||||||||||||||||||||
hedging derivative financial instrument | 4,468,000 | 7,138,000 | 13,647,000 | |||||||||||||||||||||||||||
deferred statutory employee profit sharing | 8,529,000 | 7,475,000 | 6,077,000 | 4,917,000 | ||||||||||||||||||||||||||
aeropuertos mexicanos del pacífico, s.a. de c.v. | 71,450,000 | |||||||||||||||||||||||||||||
taxes payable, other than income taxes and concession taxes | 18,816,000 | |||||||||||||||||||||||||||||
income tax and business flat tax payable | 54,184,000 | 123,721,000 | 27,455,000 | |||||||||||||||||||||||||||
deposits received | 316,389,000 | 226,412,000 | 97,743,000 | 39,912,000 | 34,613,000 | 32,564,000 | 21,788,000 | 21,788,000 | 21,788,000 | |||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||
recoverable taxes, mainly recoverable tax on assets | 142,226,000 | 260,253,000 | 375,571,000 | 168,824,000 | 225,795,000 | |||||||||||||||||||||||||
aeropuertos mexicanos del pacífico, s.a. de c.v., related party | 64,784,000 | 50,767,000 | ||||||||||||||||||||||||||||
taxes payable, other than income and concession taxes payable | 18,429,000 | 47,652,000 | 47,206,000 | 30,722,000 | 45,734,000 | |||||||||||||||||||||||||
trade accounts receivable—net | 453,856,000 | |||||||||||||||||||||||||||||
cash equivalents designated for expenditure, held in trust | 352,436,000 | |||||||||||||||||||||||||||||
machinery, equipment and improvements on leased buildings—net | 364,101,000 | |||||||||||||||||||||||||||||
improvements to concession assets—net | 3,513,391,000 | |||||||||||||||||||||||||||||
airport concessions—net | 16,756,973,000 | |||||||||||||||||||||||||||||
rights to use airport facilities—net | 2,188,235,000 | |||||||||||||||||||||||||||||
other acquired rights—net | 820,288,000 | |||||||||||||||||||||||||||||
bank loans | 856,003,000 | 665,143,000 | 492,857,000 | |||||||||||||||||||||||||||
preoperating costs | 24,323,000 | 29,186,000 | 31,245,000 | 23,710,000 | 23,710,000 | 23,710,000 | ||||||||||||||||||||||||
intangible asset for labor obligations | 22,985,000 | 23,688,000 | ||||||||||||||||||||||||||||
due to aeropuertos mexicanos del pacífico, s.a. de c.v., related party | 62,044,000 | 70,575,000 | 51,655,000 | 41,707,000 | 41,707,000 | |||||||||||||||||||||||||
income tax, tax on assets and business flat tax payable | 29,319,000 | |||||||||||||||||||||||||||||
reorganization provision | 28,000,000 | |||||||||||||||||||||||||||||
buildings, building improvements, machinery and equipment – net | 3,180,978,000 | 2,361,574,000 | 1,840,952,000 | |||||||||||||||||||||||||||
income tax and tax on assets payable | 23,841,000 | 17,990,000 | 28,490,000 | 28,490,000 | 28,490,000 | |||||||||||||||||||||||||
labor obligations | 36,890,000 | 32,976,000 | 30,216,000 | 30,216,000 | 30,216,000 | |||||||||||||||||||||||||
statutory employee profit sharing | 1,471,000 | 669,000 | 669,000 | 669,000 | ||||||||||||||||||||||||||
cumulative initial effect of deferred income taxes | 318,386,000 | 318,386,000 | 318,386,000 | |||||||||||||||||||||||||||
cash and temporary investments | 899,347,000 | 899,347,000 | 899,347,000 | |||||||||||||||||||||||||||
intangible assets for labor obligations | 23,294,000 | 23,294,000 | 23,294,000 | |||||||||||||||||||||||||||
government concession fees | 20,576,000 | 20,576,000 | 20,576,000 | |||||||||||||||||||||||||||
taxes payable, other than income taxes | 32,274,000 | 32,274,000 | 32,274,000 | |||||||||||||||||||||||||||
due to aeropuertos mexicanos del pacífico, | ||||||||||||||||||||||||||||||
s.a. de c.v., related party | 41,707,000 | |||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||
buildings, building improvements, machinery and equipment - net | 1,840,952,000 | |||||||||||||||||||||||||||||
other acquired rights - net | 837,158,000 | |||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||
total shareholders’ equity | 24,060,856,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-02-26 | 2023-02-21 | 2006-06-29 | 2006-05-03 |
|---|---|---|---|---|
cash flows from operating activities: | ||||
consolidated net income | 9,689,600,000 | 9,185,474,000 | 658,812,000 | 658,812 |
postemployment benefit costs | 45,501,000 | 35,532,000 | ||
allowance expected credit loss | 29,395,000 | 41,444,000 | ||
depreciation and amortization | 2,545,702,000 | 2,313,321,000 | 617,138,000 | 617,138 |
loss on sale of machinery, equipment and improvements to leased assets | 14,232,000 | |||
interest expense | 3,439,276,000 | 2,356,116,000 | ||
provisions | 22,986,000 | 3,285,000 | ||
income tax expense | 3,072,090,000 | 3,090,212,000 | 453,637,000 | 453,637 |
unrealized exchange loss | -261,258,000 | |||
net (gain) on derivative financial instruments | -6,967,000 | |||
4,249,754 | 18,531,914,000 | |||
changes in working capital: | ||||
decrease in | ||||
trade accounts receivable | 50,837,000 | -705,576,000 | 9,564,000 | 9,564 |
recoverable tax on assets and other assets | 601,434,000 | |||
increase | ||||
concession taxes payable | 374,872,000 | -10,719,000 | ||
accounts payable | 220,010,000 | |||
cash generated by operating activities | 18,436,773,000 | 16,876,538,000 | ||
income taxes paid | -4,356,833,000 | |||
net cash flows provided by operating activities | 13,934,856,000 | |||
cash flows from investing activities: | ||||
machinery, equipment and improvements to concession assets | -8,431,106,000 | |||
cash flows from sales of machinery and equipment | 3,535,000 | 5,198,000 | ||
other investment activities | -56,475,000 | |||
business acquisition | ||||
net cash used by investment activities | -8,482,383,000 | |||
cash flows from financing activities: | ||||
dividends declared and paid | -7,313,743,000 | |||
dividends declared and paid non-controlling interest | -153,959,000 | |||
bond certificates issued | 5,400,000,000 | 7,757,588,000 | ||
bond certificates paid | -3,800,000,000 | |||
bank loans paid | -4,039,007,000 | |||
banks loans | 3,715,459,000 | 6,872,783,000 | ||
repurchase of shares | -1,999,987,000 | |||
interest capitalized on financial loans | ||||
interest paid | -2,227,888,000 | |||
interest paid on lease | -5,391,000 | |||
payments of obligations for leasing | -16,098,000 | |||
net cash flows from financing activities | -4,925,702,000 | |||
effects of exchange rate changes on cash held | -73,034,000 | |||
net (decrease) in cash and cash equivalents | ||||
cash and cash equivalents at beginning of the period | 12,371,464,000 | 13,332,877,000 | ||
cash and cash equivalents at the end of the period | 10,055,211,000 | 12,371,464,000 | ||
3,334,313 | 16,771,389,000 | |||
net cash flows from operating activities | 12,519,706,000 | |||
capital reduction | ||||
net increase in cash and cash equivalents | -961,413,000 | |||
profit for the year | ||||
adjustments for: | ||||
employee benefits | ||||
net (gain) loss on sale of machinery, equipment and improvements to leased assets | ||||
share of (profit) loss of associate | ||||
net gain on derivative financial instruments | ||||
interest expense for financing activity | ||||
unrealized exchange gain | ||||
labor provisions | ||||
changes in: | ||||
recoverable income tax and other current assets | ||||
aeropuertos mexicanos del pacífico, s.a.p.i. de c.v. | ||||
taxes payable | ||||
deposits received in guarantee | ||||
net cash from operating activities | ||||
capital expenditures | ||||
free cash flows | ||||
purchases of machinery, equipment, improvements on leased assets, improvements to concession assets and advance payments to suppliers | ||||
proceeds from sales of machinery and equipment | ||||
net cash from investing activities | ||||
dividends paid to non-controlling interest | ||||
capital distribution | ||||
proceeds from issuance of debt securities | ||||
proceeds from bank loans | ||||
repayments on bank loans | ||||
payment of debt securities | ||||
interest paid on leasing | ||||
payment of obligations for leases | ||||
interest paid on financial loans | ||||
net cash generated (used in) by financing activities | ||||
effects of exchange rate changes on cash held: | ||||
increase in cash and cash equivalents | ||||
cash and cash equivalents at beginning of year | ||||
cash and cash equivalents at the end of year | ||||
non-cash investing activities: | ||||
purchases of machinery, equipment, improvements on leased assets and improvements to concession assets | ||||
increase in | ||||
net cash flows used in financing activities | ||||
net gain on sale of machinery, equipment and improvements to leased assets | ||||
share of loss (profit) of associate | ||||
net (gain) loss on derivative financial instruments | ||||
unrealized exchange (gain) loss | ||||
cash flows by concession right | ||||
net cash (used in) generated by financing activities | ||||
(gain) loss on sale of machinery, equipment and improvements to leased assets | ||||
780,326 | ||||
debt securities | ||||
payment from debt securities | ||||
bank loans | ||||
gain on sale of machinery, equipment and improvements to leased assets | ||||
equity reimbursement from associate | ||||
share of loss of associate | ||||
long term provisions | ||||
purchases of machinery, equipment, improvements on leased buildings, improvements to concession assets and advance payments to suppliers | ||||
net cash outflows on acquisition of subsidiary | ||||
derivative financial instruments | ||||
net cash from financing activities | ||||
purchases of machinery, equipment, improvements on leased buildings and improvements to concession assets | ||||
bad debt expense | ||||
bargain purchase gain | ||||
net loss on derivative financial instruments | ||||
interest expense for banks loans and debt securities | ||||
financial investments held for trading purposes | ||||
recoverable income tax | ||||
other assets | 1,095,000 | 1,095 | ||
purchases of machinery, equipment, improvements on leased buildings and improvements to concession assets on account | ||||
decrease in: | ||||
increase in: | ||||
other investing activities | ||||
net cash flows from investing activities | ||||
payments on bank loans | ||||
interest paid on bank loans | ||||
net loss on derivative financial instruments – net | ||||
interest expense on bank loans | ||||
income tax paid | ||||
net decrease in cash and cash equivalents | ||||
operating activities: | ||||
earnings before income taxes | ||||
non-cash items: | ||||
deferred statutory employee profit sharing | ||||
loss from embedded derivatives | -20,291,000 | -20,291 | ||
inflationary effects on recoverable tax on assets | ||||
loss on financial investments held for trading purposes | ||||
items related to investing activities: | ||||
loss on sale of fixed assets | ||||
allowance for doubtful accounts – long-term | ||||
items related to financing activities: | ||||
loss on hedging derivative financial instrument | ||||
recoverable tax on assets | -147,152,000 | -147,152 | ||
recoverable income tax on dividends | ||||
aeropuertos mexicanos del pacífico, s.a. de c.v. | ||||
taxes payable, other than income tax and concession taxes | ||||
deposits received | 3,381,000 | 3,381 | ||
investing activities: | ||||
advance payments to suppliers | ||||
other deferred assets | ||||
excess cash to apply to financing activities | ||||
financing activities: | ||||
sales of repurchased shares | ||||
hedging derivative financial instrument | ||||
cash and cash equivalents at end of year | ||||
non-cash investing activity: | ||||
non-cash activities: | ||||
aeropuertos mexicanos del pacífico, s.a. de c.v., related party | ||||
taxes payable, other than income and concession taxes payable | ||||
reorganization provision | ||||
purchases of machinery, equipment, improvements to leased buildings and improvements to concession assets | ||||
purchases of machinery, equipment, improvements to leased buildings and improvements to concession assets on account | ||||
allowance for doubtful accounts—long-term | ||||
purchases of machinery, equipment and improvements to concession assets | ||||
provision for labor obligations | ||||
gain from embedded derivatives | ||||
accounts receivable | ||||
due to aeropuertos mexicanos del pacífico, s.a. de c.v., related party | ||||
purchases of machinery and equipment | ||||
revenues | ||||
aeronautical services | 2,112,899,000 | 2,112,899 | ||
non-aeronautical services | 478,416,000 | 478,416 | ||
operating costs: | ||||
cost of services | 650,749,000 | 650,749 | ||
technical assistance fees | 92,363,000 | 92,363 | ||
concession taxes | ||||
income from operations | 1,102,368,000 | 1,102,368 | ||
other income – net | ||||
net comprehensive financing income: | ||||
interest income | ||||
exchange gain – net | -10,810,000 | -10,810 | ||
monetary position loss | -47,161,000 | -47,161 | ||
income before income taxes | ||||
weighted-average number of common shares outstanding | 561,000,000,000 | 561,000,000 | ||
basic earnings per share | ||||
balances as of january 1, 2005 | ||||
transfer of earnings to legal reserve | ||||
dividends declared and paid, 2.0249 pesos per share | ||||
comprehensive income | ||||
balances as of december 31, 2005 | 561,000,000,000 | |||
transfer of cumulative initial effect of deferred income taxes to retained earnings and legal reserve | ||||
dividends declared and paid, 1.3802 pesos per share | ||||
balances as of december 31, 2006 | ||||
dividends declared and paid, 2.0884 pesos per share | ||||
balances as of december 31, 2007 | ||||
items that did not require (generate) resources: | ||||
deferred income taxes | 113,676,000 | 113,676 | ||
changes in operating assets and liabilities: | ||||
trade accounts receivable – net | ||||
recoverable taxes and other accounts receivable | -15,228,000 | -15,228 | ||
recoverable income taxes | 5,929,000 | 5,929 | ||
income tax and tax on assets payable | 2,718,000 | 2,718 | ||
reorganization provisions | ||||
net resources generated by operating activities | 1,310,451,000 | 1,310,451 | ||
dividends paid | -1,052,199,000 | -1,052,199 | ||
bank loans payments | ||||
net resources used in financing activities | ||||
buildings, building improvements, machinery and equipment | -581,920,000 | -581,920 | ||
preoperating costs | -6,613,000 | -6,613 | ||
net resources used in investing activities | -587,438,000 | -587,438 | ||
cash and cash equivalents: | ||||
net increase | -329,186,000 | -329,186 | ||
balance at beginning of year | 1,228,533,000 | 1,228,533 | ||
balance at end of year | 899,347,000 | 899,347 | ||
net income under u.s. gaap | ||||
adjustments to reconcile net income to net cash from operating activities: | ||||
deferred fees for technical assistance services | ||||
embedded derivatives | ||||
short-term marketable securities | ||||
recoverable taxes and other current assets | ||||
accounts payable and other | ||||
income tax, asset tax and employee statutory profit sharing payable | ||||
loss from monetary position | ||||
buildings improvements, machinery and equipment | ||||
other acquired rights | ||||
cash flows from financing activities- | ||||
dividend payments | ||||
effects of inflation accounting | ||||
supplemental cash disclosures: | ||||
cash paid for income tax and asset tax | ||||
supplemental non-cash investing activity: | ||||
investment in building improvements, machinery and equipment on account | ||||
government concession fees | 128,697,000 | 128,697 | ||
interest income – net | 89,826,000 | 89,826 | ||
other expenses – net | -814,000 | -814 | ||
income before income taxes, statutory employee profit sharing and cumulative effect of change in accounting principle | 1,113,118,000 | |||
statutory employee profit sharing expense | 669,000 | 669 | ||
income before cumulative effect of change in accounting principle | 658,812,000 | |||
cumulative effect of change in accounting principle – net | ||||
basic earnings per share of | ||||
continuing operations | 1,174.4 | 1.174 | ||
cumulative effect of change in accounting principle | ||||
basic net income per share | 1,174.4 | 1.174 | ||
balances as of january 1, 2003 | 561,000,000,000 | |||
balances as of december 31, 2003 | 561,000,000,000 | |||
balances as of december 31, 2004 | 561,000,000,000 | |||
items that did not require resources: | ||||
provision for seniority premiums | 3,436,000 | 3,436 | ||
due to aeropuertos y servicios auxiliares | ||||
due to aeropuertos mexicanos del pacífico, s.a. de c.v. | 16,718,000 | |||
accounts payable, taxes payable other than income taxes and statutory employee profit sharing | 19,707,000 | |||
financing activities - | ||||
cash and temporary investments: | ||||
income before income taxes and statutory employee profit sharing | 1,113,118 | |||
income before cumulative effect of change | ||||
in accounting principle | 658,812 | |||
see accompanying notes to consolidated financial statements. | ||||
number of | ||||
shares | ||||
balances as of january 1, 2004 | ||||
dividends declared and paid (notes | ||||
11.h and 11.j) | ||||
due to aeropuertos mexicanos del pacifico, s.a. de c.v., related | ||||
party | 16,718 | |||
accounts payable, taxes payable other than income taxes and | ||||
statutory employee profit sharing | 19,707 | |||
weighted average number of common shares outstanding | ||||
(increase) decrease in: | ||||
increase (decrease) in: | ||||
benefit from seniority premiums | ||||
income from embedded derivatives | ||||
1. |