Air Canada (TSX: AC)

Air Canada Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	21,833	16,556	6,400	5,833	19,131
Revenue Growth (YoY)	31.87%	158.69%	9.72%	-69.51%	5.90%
Cost of Revenue	15,683	13,757	8,020	8,146	14,539
Gross Profit	6,150	2,799	-1,620	-2,313	4,592
Selling, General & Admin	1,652	1,265	606	624	1,271
Research & Development	107	106	84	108	76
Other Operating Expenses	-47	1,717	564	528	1,671
Operating Expenses	3,871	2,982	1,170	1,152	2,942
Operating Income	2,279	-187	-3,049	-3,776	1,650
Interest Income	416	192	72	132	164
Interest Expense	930	896	732	631	480
Other Expense / Income	-447	633	272	578	-441
Pretax Income	2,212	-1,524	-3,981	-4,853	1,775
Income Tax	-64	176	-379	-206	299
Net Income	2,276	-1,700	-3,602	-4,647	1,476
Net Income Growth	-	-	-	-	783.83%
Shares Outstanding (Basic)	358	358	351	282	268
Shares Outstanding (Diluted)	376	358	351	282	272
Shares Change	5.03%	1.99%	24.47%	3.68%	-1.45%
EPS (Basic)	6.35	-4.75	-10.26	-16.48	5.51
EPS (Diluted)	5.96	-4.75	-10.26	-16.48	5.43
EPS Growth	-	-	-	-	790.16%
Free Cash Flow	2,756	796	-2,636	-3,555	3,687
Free Cash Flow Per Share	7.33	2.22	-7.51	-12.61	13.56
Gross Margin	28.17%	16.91%	-25.31%	-39.65%	24.00%
Operating Margin	10.44%	-1.13%	-47.64%	-64.74%	8.62%
Profit Margin	10.42%	-10.27%	-56.28%	-79.67%	7.72%
Free Cash Flow Margin	12.62%	4.81%	-41.19%	-60.95%	19.27%
Effective Tax Rate	-2.89%	-	-	-	16.85%
EBITDA	3,982	1,629	-1,138	-1,545	3,700
EBITDA Margin	18.24%	9.84%	-17.78%	-26.49%	19.34%
Depreciation & Amortization	1,703	1,640	1,616	1,849	1,986
EBIT	2,279	-11	-2,754	-3,394	1,714
EBIT Margin	10.44%	-0.07%	-43.03%	-58.19%	8.96%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.