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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,082	1,897	668.35	3,074	3,065	1,648
Short-Term Investments	56.98	-	-	1.43	-	-
Trading Asset Securities	-	-	-	-	161.42	62.01
Cash & Short-Term Investments	1,139	1,897	668.35	3,075	3,226	1,710
Cash Growth	-18.60%	183.88%	-78.27%	-4.68%	88.68%	1.38%
Accounts Receivable	1,357	1,124	1,874	1,074	998.84	1,241
Other Receivables	111.47	219.43	234.89	109.7	130.24	139.67
Receivables	1,468	1,343	2,109	1,184	1,129	1,381
Inventory	1,221	1,020	843.44	571.92	402.59	260.87
Prepaid Expenses	-	-	-	244.41	219.04	139.4
Other Current Assets	1,183	783.12	1,251	770.98	440.49	647.99
Total Current Assets	5,011	5,044	4,872	5,846	5,417	4,139
Property, Plant & Equipment	12,275	11,009	9,396	7,875	6,319	9,469
Long-Term Investments	966.82	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	617.85	561.83	525.11	456.62	359.32	333.98
Long-Term Accounts Receivable	-	16.21	105.86	198	189.48	204.45
Other Long-Term Assets	3,632	2,220	2,188	2,349	1,844	2,900
Total Assets	23,404	20,533	18,721	18,533	15,794	19,197
Accounts Payable	3,703	2,266	2,518	1,530	2,239	1,377
Accrued Expenses	1,256	1,063	1,311	1,059	603.23	420.99
Short-Term Debt	49.97	290.85	753.35	3.69	157.8	249.73
Current Portion of Long-Term Debt	1,630	1,137	1,128	1,023	950.16	481.23
Current Portion of Leases	4,793	3,687	4,026	3,498	2,272	1,585
Current Income Taxes Payable	168.85	142.17	193.59	150.08	55.26	49.06
Current Unearned Revenue	5,813	5,206	4,140	3,064	2,489	2,090
Other Current Liabilities	1,107	955.7	986.33	1,382	1,446	608.71
Total Current Liabilities	18,522	14,749	15,056	11,710	10,213	6,862
Long-Term Debt	12,137	10,285	7,509	8,995	6,749	3,037
Long-Term Leases	12,978	11,459	10,557	11,393	10,248	10,521
Long-Term Deferred Tax Liabilities	-	39.53	-	-	-	242.52
Other Long-Term Liabilities	5,793	5,319	4,600	4,762	2,733	2,054
Total Liabilities	49,440	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	-30,406	-25,667	-23,287	-22,564	-18,351	-7,516
Treasury Stock	-4.33	-9.04	-10.2	-11.96	-13.18	-15.57
Comprehensive Income & Other	2,059	2,034	1,975	1,952	1,969	1,770
Shareholders' Equity	-26,036	-21,328	-19,008	-18,333	-14,149	-3,519
Total Liabilities & Equity	23,404	20,533	18,721	18,533	15,794	19,197
Total Debt	31,588	26,859	23,973	24,913	20,378	15,875
Net Cash (Debt)	-30,449	-24,962	-23,304	-21,838	-17,152	-14,165
Net Cash Per Share	-87.69	-71.83	-67.08	-63.17	-50.13	-41.54
Filing Date Shares Outstanding	347.87	347.63	347.66	345.68	343.77	341.51
Total Common Shares Outstanding	347.87	347.63	347.66	345.68	343.77	341.51
Working Capital	-13,511	-9,705	-10,184	-5,864	-4,795	-2,723
Book Value Per Share	-74.84	-61.35	-54.67	-53.03	-41.16	-10.30
Tangible Book Value	-27,555	-22,791	-20,434	-19,691	-15,319	-4,607
Tangible Book Value Per Share	-79.21	-65.56	-58.78	-56.96	-44.56	-13.49
Buildings	-	555.41	524.08	506.68	485.25	296.73
Machinery	2,981	2,870	2,879	2,718	2,042	2,883
Construction In Progress	20.3	96.1	44.24	52.17	33.63	171.84

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