Copa Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	248.82	613.31	206.38	122.42	211.08	119.07
Short-Term Investments	742.69	478.16	606.75	716.85	681.61	770.82
Trading Asset Securities	-	107.76	102.06	95.47	124.73	-
Cash & Short-Term Investments	991.51	1,199	915.18	934.75	1,017	889.88
Cash Growth	-4.09%	31.04%	-2.09%	-8.13%	14.33%	4.55%
Accounts Receivable	228.7	164.75	147.89	117.32	75.32	47.04
Other Receivables	-	22.93	29.4	30.81	21.93	24.06
Receivables	228.7	187.68	177.28	148.14	97.24	71.09
Inventory	145.91	132.34	116.6	93.33	74.78	74.32
Prepaid Expenses	69.21	3.65	3.91	4.38	5.34	9.29
Other Current Assets	39.12	53.98	54.99	55.23	44.01	174.79
Total Current Assets	1,474	1,577	1,268	1,236	1,239	1,219
Property, Plant & Equipment	4,335	3,229	2,820	2,386	2,203	1,954
Long-Term Investments	337.6	248.94	258.93	202.06	199.67	119.62
Goodwill	-	20.38	20.38	20.38	20.38	20.38
Other Intangible Assets	101.54	76.37	67.61	58.18	61.37	75.19
Long-Term Deferred Tax Assets	18.5	20.75	30.15	30.74	28.2	35.6
Other Long-Term Assets	11.37	569.65	732.21	757.53	497.08	429.28
Total Assets	6,278	5,742	5,197	4,690	4,248	3,853
Accounts Payable	166.1	229.12	182.33	166.67	120.28	65.94
Accrued Expenses	104.27	115.47	106.1	85.56	61.3	47.84
Current Portion of Long-Term Debt	204.45	254.85	222.43	142.48	196.6	127.95
Current Portion of Leases	64.89	59.1	68.3	80.08	73.92	83.61
Current Income Taxes Payable	9.69	9.8	26.74	6.28	3.84	1.02
Current Unearned Revenue	845.89	681.34	666.92	707.1	592.05	486.74
Other Current Liabilities	1.49	5.59	5.65	5.39	5.11	0.3
Total Current Liabilities	1,397	1,355	1,278	1,194	1,053	813.39
Long-Term Debt	1,632	1,416	1,240	1,302	1,229	1,036
Long-Term Leases	272.48	270.59	215.35	158.29	104.73	146.91
Long-Term Unearned Revenue	-	72.62	69.75	56.23	60.4	75.17
Pension & Post-Retirement Benefits	-	-	-	-	-	14.33
Long-Term Deferred Tax Liabilities	75.82	37.48	36.37	16.57	18.78	22.19
Other Long-Term Liabilities	233.23	217.63	234.47	471.77	482.82	461.89
Total Liabilities	3,610	3,370	3,075	3,198	2,949	2,570
Common Stock	30.76	30.71	30.67	28.79	28.76	28.67
Additional Paid-In Capital	219.02	214.54	209.1	103.47	98.35	91.34
Retained Earnings	2,734	2,435	2,096	1,716	1,368	1,324
Treasury Stock	-300.14	-291.44	-204.13	-344.54	-176.9	-136.39
Comprehensive Income & Other	-15.75	-15.75	-9.33	-11.45	-18.67	-24.08
Shareholders' Equity	2,668	2,373	2,122	1,492	1,299	1,284
Total Liabilities & Equity	6,278	5,742	5,197	4,690	4,248	3,853
Total Debt	2,174	2,001	1,746	1,683	1,604	1,394
Net Cash (Debt)	-1,182	-801.27	-831.16	-747.93	-586.86	-504.53
Net Cash Per Share	-28.58	-19.17	-20.66	-15.79	-13.78	-11.87
Filing Date Shares Outstanding	41.28	41.32	42.28	39.55	42.09	42.51
Total Common Shares Outstanding	41.28	41.32	42.28	39.55	42.09	42.51
Working Capital	77.65	221.6	-10.51	42.25	185.69	405.98
Book Value Per Share	64.64	57.43	50.19	37.72	30.87	30.19
Tangible Book Value	2,567	2,276	2,034	1,414	1,218	1,188
Tangible Book Value Per Share	62.18	55.09	48.11	35.74	28.93	27.94
Land	-	6.3	6.3	6.3	6.3	6.3
Machinery	-	4,279	3,731	3,200	2,959	2,572
Construction In Progress	-	7.37	11.62	2.39	15.58	6.17
Leasehold Improvements	-	85.28	75.98	74.27	65.27	67.46

Source: S&P Global Market Intelligence. Standard template. Financial Sources.