Cathay Pacific Airways Limited (HKG: 0293)

Cathay Pacific Airways Balance Sheet

Financials in millions HKD. 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	9,621	7,894	7,340	8,573	6,166	8,881
Short-Term Investments	9,215	7,631	10,818	10,572	13,031	5,841
Cash & Short-Term Investments	18,836	15,525	18,158	19,145	19,197	14,722
Cash Growth	-21.44%	-14.50%	-5.16%	-0.27%	30.40%	-2.83%
Accounts Receivable	4,765	4,487	4,017	3,922	3,385	5,610
Other Receivables	1,906	1,512	1,819	2,615	2,994	4,567
Receivables	6,671	5,999	5,836	6,537	6,379	10,177
Inventory	1,072	967	1,137	1,269	1,719	1,812
Other Current Assets	1,001	258	1,205	1,946	272	573
Total Current Assets	27,580	22,749	26,336	28,897	27,567	27,284
Property, Plant & Equipment	113,377	112,857	115,891	121,191	128,995	140,114
Long-Term Investments	15,359	16,873	17,332	25,288	27,304	27,941
Goodwill	11,615	11,615	11,615	11,615	11,615	11,654
Other Intangible Assets	2,815	2,902	3,163	3,412	3,446	3,497
Long-Term Deferred Tax Assets	1,081	1,085	1,134	846	627	1,089
Other Long-Term Assets	3,803	6,034	5,443	5,378	5,020	2,937
Total Assets	175,630	174,115	180,914	196,627	204,574	214,516
Accounts Payable	7,276	7,397	5,380	4,327	3,284	8,448
Accrued Expenses	622	540	330	271	218	125
Current Portion of Long-Term Debt	7,795	5,719	8,490	16,061	17,513	13,634
Current Portion of Leases	4,095	4,804	6,153	6,289	6,736	7,118
Current Income Taxes Payable	2,285	2,509	4,023	2,765	1,977	1,951
Current Unearned Revenue	18,018	15,223	13,537	7,925	8,122	15,941
Other Current Liabilities	7,723	9,301	5,489	5,497	8,874	9,645
Total Current Liabilities	47,814	45,493	43,402	43,135	46,724	56,862
Long-Term Debt	32,716	33,576	36,676	39,061	37,982	43,134
Long-Term Leases	22,204	24,195	25,787	28,443	30,898	33,374
Long-Term Unearned Revenue	225	252	282	478	-	-
Long-Term Deferred Tax Liabilities	8,349	7,756	8,117	9,820	11,499	13,564
Other Long-Term Liabilities	2,909	2,720	2,766	3,441	4,210	4,806
Total Liabilities	114,217	114,082	117,105	124,378	131,313	151,740
Common Stock	28,830	28,828	28,822	28,822	28,822	17,106
Retained Earnings	21,786	21,186	13,209	19,724	24,741	45,867
Comprehensive Income & Other	10,790	10,012	2,272	4,198	194	-200
Total Common Equity	61,406	60,026	44,303	52,744	53,757	62,773
Minority Interest	7	7	6	5	4	3
Shareholders' Equity	61,413	60,033	63,809	72,249	73,261	62,776
Total Liabilities & Equity	175,630	174,115	180,914	196,627	204,574	214,516
Total Debt	66,810	68,294	77,106	89,854	93,129	97,260
Net Cash (Debt)	-47,974	-52,769	-58,948	-70,709	-73,932	-82,538
Net Cash Per Share	-6.47	-7.14	-9.16	-10.98	-14.34	-20.98
Filing Date Shares Outstanding	6,438	6,438	6,437	6,437	6,437	3,934
Total Common Shares Outstanding	6,438	6,438	6,437	6,437	6,437	3,934
Working Capital	-20,234	-22,744	-17,066	-14,238	-19,157	-29,578
Book Value Per Share	9.54	9.32	6.88	8.19	8.35	15.96
Tangible Book Value	46,976	45,509	29,525	37,717	38,696	47,622
Tangible Book Value Per Share	7.30	7.07	4.59	5.86	6.01	12.11
Land	15,384	15,295	15,206	15,191	15,404	15,333
Machinery	168,669	160,540	141,407	142,382	137,927	137,980
Construction In Progress	-	-	-	20	20	20

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