Azul S.A. Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	15,948	9,976	5,744	11,442	9,057	7,705	6,670	6,258	5,803
Revenue Growth (YoY)	59.87%	73.67%	-49.80%	26.34%	17.55%	15.52%	6.59%	7.84%	-
Cost of Revenue	8,731	4,877	2,714	4,165	3,486	2,823	3,873	4,115	3,312
Gross Profit	7,217	5,099	3,030	7,278	5,571	4,882	2,797	2,142	2,491
Selling, General & Admin	2,654	2,152	1,756	444.08	368.66	309.54	276.2	258.2	239.36
Other Operating Expenses	3,134	2,891	2,673	8,029	4,008	3,330	2,177	2,052	1,851
Operating Expenses	5,788	5,044	4,429	8,473	4,377	3,639	2,453	2,310	2,090
Operating Income	1,430	54.8	-1,399.08	-1,195.4	1,194	1,243	344.29	-167.6	400.93
Interest Expense / Income	4,794	3,838	2,515	1,330	1,095	1,079	731.2	685.9	460.05
Other Expense / Income	-2,641.86	429.76	7,164	11.34	551.72	-249.94	-404.58	223.9	28.34
Pretax Income	-722.37	-4,213.21	-11,077.21	-2,536.27	-452.93	414.13	17.67	-1,077.4	-87.46
Income Tax	0	0	-242.51	-133.18	182.81	-10.38	143.98	-2.5	-22.42
Net Income	-722.37	-4,213.21	-10,834.71	-2,403.09	-635.73	424.51	-126.31	-1,074.9	-65.04
Shares Outstanding (Basic)	1,263	1,261	1,259	1,256	1,251	1,247	1,247	-	-
Shares Change	0.16%	0.16%	0.23%	0.39%	0.34%	-	-	-	-
EPS (Basic)	-6.24	-36.57	-95.01	-21.15	-5.64	4.05	-1.65	-16.26	-1.05
EPS (Diluted)	-6.24	-36.57	-95.01	-21.15	-5.64	3.96	-1.65	-16.26	-1.05
Free Cash Flow	1,704	-934.9	678.83	1,226	1,042	496.53	200.13	-1,343	-117.01
Free Cash Flow Per Share	14.77	-8.15	5.96	10.85	9.35	4.51	1.82	-	-
Gross Margin	45.26%	51.11%	52.75%	63.60%	61.51%	63.36%	41.94%	34.24%	42.93%
Operating Margin	8.96%	0.55%	-24.36%	-10.45%	13.18%	16.13%	5.16%	-2.68%	6.91%
Profit Margin	-4.53%	-42.23%	-188.62%	-21.00%	-7.02%	5.51%	-1.89%	-17.18%	-1.12%
Free Cash Flow Margin	10.68%	-9.37%	11.82%	10.72%	11.50%	6.44%	3.00%	-21.46%	-2.02%
Effective Tax Rate	-	-	-	-	-	-2.51%	815.01%	-	-
EBITDA	6,166	1,169	-6,757.07	415.61	1,926	2,556	1,050	-173.5	570.34
EBITDA Margin	38.66%	11.72%	-117.63%	3.63%	21.26%	33.18%	15.74%	-2.77%	9.83%
Depreciation & Amortization	2,094	1,544	1,806	1,622	1,284	1,063	301.2	218	197.76
EBIT	4,071	-374.97	-8,562.63	-1,206.74	641.9	1,493	748.87	-391.5	372.59
EBIT Margin	25.53%	-3.76%	-149.07%	-10.55%	7.09%	19.37%	11.23%	-6.26%	6.42%

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