Copa Holdings, S.A. (CPA)
NYSE: CPA · Real-Time Price · USD
125.54
+0.50 (0.40%)
At close: Mar 9, 2026, 4:00 PM EDT
128.00
+2.46 (1.96%)
After-hours: Mar 9, 2026, 7:44 PM EDT

Copa Holdings Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
671.65608.11514.1348.0543.84
Depreciation & Amortization
365.14330.71306.11267.7239.95
Stock-Based Compensation
5.695.484.365.167.1
Other Adjustments
169.79129.52308.79122.2144.14
Change in Receivables
-30.42-15.46-27.56-51.65-36.05
Changes in Accounts Payable
-65.146.7819.3740.0454.26
Changes in Unearned Revenue
139.2417.29-26.66110.8990.54
Changes in Other Operating Activities
-17.44-7.19.9-24.99-4.94
Operating Cash Flow
2,3892,1122,1531,5761,046
Operating Cash Flow Growth
13.10%-1.90%36.63%50.64%1540.22%
Capital Expenditures
-1,067-626.16-800.18-632.23-483.73
Sale of Property, Plant & Equipment
145.09173.26233.21112.81152.14
Purchases of Intangible Assets
-30.92-30.18-29.7-18.46-11.59
Purchases of Investments
-1,061-569.79-644.91-763.84-1,117
Other Investing Activities
695.16709.73698.58749.581,001
Investing Cash Flow
-1,318-343.14-543-552.15-459.14
Long-Term Debt Issued
552.2414.59428.31222.48352.28
Long-Term Debt Repaid
-254.62-216.65-502.26-249.52-142.23
Net Long-Term Debt Issued (Repaid)
297.58197.94-73.95-27.04210.05
Repurchase of Common Stock
-8.71-87.31-105.93--40.51
Net Common Stock Issued (Repurchased)
-8.71-87.31-105.93--40.51
Common Dividends Paid
-265.85-269.14-134.15-106.34-
Other Financing Activities
-59.09-61.14-80-79.02-80.99
Financing Cash Flow
-36.06-219.65-394.03-273.6988.54
Effect of Exchange Rate Changes on Cash and Cash Equivalents
-26.66-27.12-23.81-21.36-44.67
Net Cash Flow
-204.1434.06107.76-67.3136.69
Free Cash Flow
1,3221,4861,353943.7562.4
Free Cash Flow Growth
-11.05%9.83%43.37%67.80%2752.63%
FCF Margin
36.54%43.12%39.14%31.83%37.25%
Free Cash Flow Per Share
32.0435.5533.6319.9313.20
Levered Free Cash Flow
323.92567.58-51.382.42149.97
Unlevered Free Cash Flow
63.88410.27187.64165.1818.71
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q