Air Arabia PJSC (DFM: AIRARABIA)

Air Arabia PJSC Balance Sheet

Financials in millions AED. 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	4,940	5,246	4,736	3,878	3,149	2,806
Short-Term Investments	-	-	-	-	50	168.37
Cash & Short-Term Investments	4,940	5,246	4,736	3,878	3,199	2,975
Cash Growth	0.21%	10.77%	22.13%	21.23%	7.53%	64.05%
Receivables	1,010	400.93	548.05	354.26	324.25	383.79
Inventory	56.1	48.72	32.75	23.5	25.57	23.5
Prepaid Expenses	-	30.52	23.2	14.19	6.37	21.83
Other Current Assets	-	427.13	291.6	370.89	167.12	211.15
Total Current Assets	6,006	6,154	5,632	4,641	3,722	3,615
Property, Plant & Equipment	5,369	5,528	6,048	6,493	6,942	7,235
Long-Term Investments	634.01	436.19	199.37	193.51	103.43	88.68
Goodwill	-	198.52	198.52	198.52	198.52	198.52
Other Intangible Assets	1,357	1,147	1,140	1,134	1,126	1,114
Long-Term Accounts Receivable	164.77	138.84	461.12	128.66	61.05	46.28
Long-Term Deferred Charges	15.51	19.29	24.63	30.97	33.48	31.56
Other Long-Term Assets	1,499	1,052	734.14	487.34	466.25	485.25
Total Assets	15,046	14,675	14,437	13,306	12,653	12,814
Accounts Payable	2,795	288.03	398.89	253.8	309.88	24.73
Accrued Expenses	166.1	1,383	1,154	992.47	671.78	1,001
Short-Term Debt	-	-	-	37.63	551.95	352.22
Current Portion of Long-Term Debt	133.58	95.08	108.88	-	-	-
Current Portion of Leases	502.54	585.44	622.23	652.43	659.64	527.94
Current Unearned Revenue	665.37	523.4	513.67	492.13	301.4	351.53
Other Current Liabilities	-	1,208	909.67	724.04	654.29	628.09
Total Current Liabilities	4,263	4,083	3,707	3,153	3,149	2,885
Long-Term Debt	0.05	30.61	30.6	-	-	-
Long-Term Leases	1,527	1,568	2,126	2,584	3,073	3,165
Other Long-Term Liabilities	1,366	1,250	1,407	1,350	1,792	1,061
Total Liabilities	7,389	7,139	7,441	7,231	8,145	7,256
Common Stock	4,667	4,667	4,667	4,667	4,667	4,667
Retained Earnings	3,019	2,796	1,949	1,124	401.77	1,014
Comprehensive Income & Other	-29.43	71.54	379.77	284.74	-560.55	-122.75
Total Common Equity	7,656	7,534	6,995	6,075	4,508	5,558
Minority Interest	1.69	1.08	0.52	-	-	-
Shareholders' Equity	7,657	7,535	6,996	6,075	4,508	5,558
Total Liabilities & Equity	15,046	14,675	14,437	13,306	12,653	12,814
Total Debt	2,163	2,279	2,888	3,274	4,284	4,045
Net Cash (Debt)	2,777	2,967	1,848	603.77	-1,085	-1,070
Net Cash Growth	9.33%	60.57%	206.09%	-	-	-
Net Cash Per Share	0.60	0.64	0.40	0.13	-0.23	-0.23
Filing Date Shares Outstanding	4,667	4,667	4,667	4,667	4,667	4,667
Total Common Shares Outstanding	4,667	4,667	4,667	4,667	4,667	4,667
Working Capital	1,743	2,070	1,925	1,488	573.32	729.7
Book Value Per Share	1.64	1.61	1.50	1.30	0.97	1.19
Tangible Book Value	6,298	6,188	5,657	4,743	3,184	4,245
Tangible Book Value Per Share	1.35	1.33	1.21	1.02	0.68	0.91
Land	-	89.04	89.04	89.04	89.04	89.04
Buildings	-	697.62	694.84	676.57	675.86	675.4
Machinery	-	9,429	9,358	9,297	9,255	9,251
Construction In Progress	-	16.71	14.82	22.88	36.39	12.71

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