Azul S.A. (AZUL)

Azul S.A. Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	18,554	18,554	15,948	9,976	5,744	11,442
Revenue Growth (YoY)	16.34%	16.34%	59.87%	73.67%	-49.80%	26.34%
Cost of Revenue	8,656	8,656	8,731	4,877	2,714	4,165
Gross Profit	9,899	9,899	7,217	5,099	3,030	7,278
Selling, General & Admin	3,188	3,188	2,654	2,152	1,756	444.08
Other Operating Expenses	2,248	2,248	1,095	548.91	2,673	8,029
Operating Expenses	5,436	5,436	3,748	2,701	4,429	8,473
Operating Income	4,463	4,463	3,469	2,397	-1,399.08	-1,195.4
Interest Expense / Income	5,609	5,609	4,794	3,838	2,515	1,330
Other Expense / Income	1,195	1,195	-602.44	2,772	7,164	11.34
Pretax Income	-2,340.93	-2,340.93	-722.37	-4,213.21	-11,077.21	-2,536.27
Income Tax	39.53	39.53	0	0	-242.51	-133.18
Net Income	-2,380.46	-2,380.46	-722.37	-4,213.21	-10,834.71	-2,403.09
Shares Outstanding (Basic)	1,265	1,265	1,263	1,261	1,259	1,256
Shares Change	0.15%	0.15%	0.16%	0.16%	0.23%	0.39%
EPS (Basic)	-20.55	-20.55	-6.24	-36.57	-95.01	-21.15
EPS (Diluted)	-20.55	-20.55	-6.24	-36.57	-95.01	-21.15
Free Cash Flow	2,728	2,728	2,025	-913.65	678.83	1,226
Free Cash Flow Per Share	23.52	23.52	17.55	-7.97	5.96	10.85
Gross Margin	53.35%	53.35%	45.26%	51.11%	52.75%	63.60%
Operating Margin	24.05%	24.05%	21.75%	24.03%	-24.36%	-10.45%
Profit Margin	-12.83%	-12.83%	-4.53%	-42.23%	-188.62%	-21.00%
Free Cash Flow Margin	14.70%	14.70%	12.70%	-9.16%	11.82%	10.72%
EBITDA	5,672	5,672	6,166	1,169	-6,757.07	415.61
EBITDA Margin	30.57%	30.57%	38.66%	11.72%	-117.63%	3.63%
Depreciation & Amortization	2,404	2,404	2,094	1,544	1,806	1,622
EBIT	3,268	3,268	4,071	-374.97	-8,562.63	-1,206.74
EBIT Margin	17.61%	17.61%	25.53%	-3.76%	-149.07%	-10.55%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).