Corporación América Airports S.A. (CAAP)

CAAP Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,451	1,400	1,379	706.91	607.36	1,559
Revenue Growth (YoY)	-3.06%	1.55%	95.03%	16.39%	-61.03%	9.29%
Cost of Revenue	935.77	914.45	961.37	620.36	648.85	1,123
Gross Profit	515.26	485.59	417.3	86.56	-41.5	435.51
Selling, General & Admin	103.28	99.53	94.21	76.4	81.74	127.6
Other Operating Expenses	-27.09	-30.23	32.53	36.69	23.96	41.49
Operating Expenses	76.2	69.3	126.74	113.09	105.7	169.09
Operating Income	439.06	416.29	290.55	-26.54	-147.2	266.42
Interest Expense	-93.58	-95.19	-164.29	-125.53	-99.43	-93.16
Interest & Investment Income	59.01	52.68	43.92	17.64	17.59	31.33
Earnings From Equity Investments	6.9	7.11	-0.97	-0.63	-1.67	-1.42
Currency Exchange Gain (Loss)	34.82	-164.03	90.6	113.61	-25.02	-37.39
Other Non Operating Income (Expenses)	-144.17	-138.99	-83.32	-102.22	-94.78	-107.8
EBT Excluding Unusual Items	302.05	77.88	176.5	-123.66	-350.51	57.98
Impairment of Goodwill	-	-	-	-	-35.91	-
Gain (Loss) on Sale of Assets	-	-	-	-	-0.93	0.02
Asset Writedown	102.89	102.84	-0.11	-0.37	-26.36	-42.8
Other Unusual Items	21.51	21.51	14.13	33.37	42.01	-
Pretax Income	426.44	202.23	190.52	-90.67	-371.7	15.2
Income Tax Expense	51.41	-24.24	24.88	69.11	-14.3	17.08
Earnings From Continuing Operations	375.03	226.47	165.64	-159.78	-357.4	-1.88
Earnings From Discontinued Operations	-	-	-	-21.2	-4.49	-3.94
Net Income to Company	375.03	226.47	165.64	-180.98	-361.89	-5.82
Minority Interest in Earnings	-14.54	13.04	2.53	63.22	108.84	14.92
Net Income	360.49	239.51	168.17	-117.76	-253.05	9.1
Net Income to Common	360.49	239.51	168.17	-117.76	-253.05	9.1
Net Income Growth	109.52%	42.42%	-	-	-	27.71%
Shares Outstanding (Basic)	161	161	161	161	160	160
Shares Outstanding (Diluted)	162	161	161	161	160	160
Shares Change (YoY)	0.41%	0.16%	0.18%	0.30%	-	0.74%
EPS (Basic)	2.23	1.49	1.05	-0.73	-1.58	0.06
EPS (Diluted)	2.23	1.49	1.05	-0.73	-1.58	0.06
EPS Growth	108.84%	42.30%	-	-	-	42.15%
Free Cash Flow	451.3	346.75	278.84	97.8	-8.21	-40.1
Free Cash Flow Per Share	2.79	2.15	1.73	0.61	-0.05	-0.25
Gross Margin	35.51%	34.68%	30.27%	12.24%	-6.83%	27.94%
Operating Margin	30.26%	29.73%	21.07%	-3.75%	-24.24%	17.09%
Profit Margin	24.84%	17.11%	12.20%	-16.66%	-41.66%	0.58%
Free Cash Flow Margin	31.10%	24.77%	20.23%	13.83%	-1.35%	-2.57%
EBITDA	588.97	564.68	458.46	129.94	50.38	448.69
EBITDA Margin	40.59%	40.33%	33.25%	18.38%	8.29%	28.79%
D&A For EBITDA	149.9	148.39	167.9	156.48	197.58	182.27
EBIT	439.06	416.29	290.55	-26.54	-147.2	266.42
EBIT Margin	30.26%	29.73%	21.07%	-3.75%	-24.24%	17.09%
Effective Tax Rate	12.06%	-	13.06%	-	-	112.39%
Advertising Expenses	-	1.55	1.65	0.91	1.56	3.37

Source: S&P Capital IQ. Standard template.