LATAM Airlines Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,681	1,460	976.97	581.83	1,339	-4,647
Depreciation & Amortization	1,744	1,645	1,375	939.04	965.22	988.78
Other Amortization	94.96	91.23	72.56	59.3	54.36	45.38
Other Operating Activities	471.77	541.01	681.7	683.39	-2,262	3,439
Operating Cash Flow	3,992	3,737	3,106	2,264	96.8	-174.24
Operating Cash Flow Growth	20.00%	20.31%	37.23%	2238.47%	-	-
Capital Expenditures	-1,726	-1,776	-1,325	-795.79	-780.54	-597.1
Sale of Property, Plant & Equipment	75	102.03	97.3	46.52	56.38	105
Divestitures	-	-	-	-	-	0.75
Sale (Purchase) of Intangibles	-104.42	-104.48	-94.41	-68.05	-50.12	-88.52
Investment in Securities	-	-	-	-	0.09	-0.17
Other Investing Activities	211.09	198.45	152.91	157.81	25.23	27.53
Investing Cash Flow	-1,544	-1,580	-1,170	-659.51	-748.96	-552.51
Short-Term Debt Issued	-	-	-	-	4,856	661.61
Long-Term Debt Issued	-	1,349	1,750	-	3,132	130.1
Total Debt Issued	1,414	1,349	1,750	-	7,988	791.71
Short-Term Debt Repaid	-	-	-	-	-1,008	-
Long-Term Debt Repaid	-	-1,486	-2,349	-567.36	-8,891	-566.41
Total Debt Repaid	-1,509	-1,486	-2,349	-567.36	-9,900	-566.41
Net Debt Issued (Repaid)	-95.04	-137.29	-598.52	-567.36	-1,911	225.3
Issuance of Common Stock	-	-	-	-	3,752	-
Repurchase of Common Stock	-584.84	-584.84	-	-	-	-
Common Dividends Paid	-604.88	-604.88	-174.55	-	-	-
Other Financing Activities	-825.81	-692.57	-791.79	-582.85	-985.48	-115.66
Financing Cash Flow	-2,111	-2,020	-1,565	-1,150	854.96	109.64
Foreign Exchange Rate Adjustments	56.96	54.63	-128.77	44.24	-32.96	-31.9
Net Cash Flow	394.45	192.33	243.03	498.09	169.84	-649.01
Free Cash Flow	2,266	1,961	1,781	1,468	-683.74	-771.34
Free Cash Flow Growth	30.75%	10.13%	21.33%	-	-	-
Free Cash Flow Margin	15.11%	13.75%	13.88%	12.61%	-7.30%	-15.79%
Free Cash Flow Per Share	0.00	0.00	0.00	0.00	-0.01	-1.27
Cash Interest Paid	642.75	600.74	717.63	594.23	521.72	104.62
Cash Income Tax Paid	176.4	144.99	43.44	18.38	14.31	9.44
Levered Free Cash Flow	1,371	1,526	1,592	1,010	-4,120	1,849
Unlevered Free Cash Flow	1,762	1,914	2,105	1,437	-3,550	2,316

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