Azul S.A. (BVMF: AZUL4)

Azul S.A. Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,440	1,897	668.35	3,074	3,065	1,648
Short-Term Investments	35.93	-	-	1.43	-	-
Trading Asset Securities	-	-	-	-	161.42	62.01
Cash & Short-Term Investments	1,476	1,897	668.35	3,075	3,226	1,710
Cash Growth	139.45%	183.88%	-78.27%	-4.68%	88.68%	1.38%
Accounts Receivable	1,042	1,124	1,874	1,074	998.84	1,241
Other Receivables	77.59	219.43	234.89	109.7	130.24	139.67
Receivables	1,120	1,343	2,109	1,184	1,129	1,381
Inventory	1,194	1,020	843.44	571.92	402.59	260.87
Prepaid Expenses	-	-	-	244.41	219.04	139.4
Other Current Assets	1,165	783.12	1,251	770.98	440.49	647.99
Total Current Assets	4,955	5,044	4,872	5,846	5,417	4,139
Property, Plant & Equipment	11,948	11,009	9,396	7,875	6,319	9,469
Long-Term Investments	956.32	780.31	733.04	906.72	854.46	1,398
Goodwill	901.42	901.42	901.42	901.42	810.95	753.5
Other Intangible Assets	602.28	561.83	525.11	456.62	359.32	333.98
Long-Term Accounts Receivable	5.55	16.21	105.86	198	189.48	204.45
Other Long-Term Assets	3,463	2,220	2,188	2,349	1,844	2,900
Total Assets	22,831	20,533	18,721	18,533	15,794	19,197
Accounts Payable	3,194	2,266	2,518	1,530	2,239	1,377
Accrued Expenses	1,291	1,063	1,311	1,059	603.23	420.99
Short-Term Debt	45.49	290.85	753.35	3.69	157.8	249.73
Current Portion of Long-Term Debt	1,524	1,137	1,128	1,023	950.16	481.23
Current Portion of Leases	4,494	3,687	4,026	3,498	2,272	1,585
Current Income Taxes Payable	161.82	142.17	193.59	150.08	55.26	49.06
Current Unearned Revenue	5,821	5,206	4,140	3,064	2,489	2,090
Other Current Liabilities	871.12	955.7	986.33	1,382	1,446	608.71
Total Current Liabilities	17,404	14,749	15,056	11,710	10,213	6,862
Long-Term Debt	12,071	10,285	7,509	8,995	6,749	3,037
Long-Term Leases	13,391	11,459	10,557	11,393	10,248	10,521
Long-Term Deferred Tax Liabilities	-	39.53	-	-	-	242.52
Other Long-Term Liabilities	6,122	5,319	4,600	4,762	2,733	2,054
Total Liabilities	48,998	41,861	37,729	36,866	29,943	22,717
Common Stock	2,316	2,315	2,314	2,291	2,246	2,243
Retained Earnings	-30,527	-25,667	-23,287	-22,564	-18,351	-7,516
Treasury Stock	-11.57	-9.04	-10.2	-11.96	-13.18	-15.57
Comprensive Income & Other	2,056	2,034	1,975	1,952	1,969	1,770
Shareholders' Equity	-26,167	-21,328	-19,008	-18,333	-14,149	-3,519
Total Liabilities & Equity	22,831	20,533	18,721	18,533	15,794	19,197
Total Debt	31,526	26,859	23,973	24,913	20,378	15,875
Net Cash (Debt)	-30,051	-24,962	-23,304	-21,838	-17,152	-14,165
Net Cash Per Share	-86.54	-71.83	-67.08	-63.17	-50.13	-41.54
Filing Date Shares Outstanding	347.43	347.63	347.66	345.68	343.77	341.51
Total Common Shares Outstanding	347.43	347.63	347.66	345.68	343.77	341.51
Working Capital	-12,449	-9,705	-10,184	-5,864	-4,795	-2,723
Book Value Per Share	-75.31	-61.35	-54.67	-53.03	-41.16	-10.30
Tangible Book Value	-27,670	-22,791	-20,434	-19,691	-15,319	-4,607
Tangible Book Value Per Share	-79.64	-65.56	-58.78	-56.96	-44.56	-13.49
Buildings	-	555.41	524.08	506.68	485.25	296.73
Machinery	3,026	2,870	2,879	2,718	2,042	2,883
Construction In Progress	24.29	96.1	44.24	52.17	33.63	171.84

Source: S&P Capital IQ. Standard template. Financial Sources.