Copa Holdings, S.A. (CPA)

Copa Holdings Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	671.65	608.11	514.1	348.05	43.84
Depreciation & Amortization	365.14	330.71	306.11	267.7	239.95
Asset Writedown & Restructuring Costs	-	-	-	-	-5.44
Loss (Gain) From Sale of Investments	-	-7.05	-7.04	5.9	0.37
Stock-Based Compensation	-	5.48	4.36	5.16	7.1
Provision & Write-off of Bad Debts	-	-0.16	0.5	0.77	1.42
Other Operating Activities	87	18.23	251.71	56.69	116.23
Change in Accounts Receivable	-	-15.46	-27.56	-51.65	-36.05
Change in Accounts Payable	-	46.78	19.37	40.04	54.26
Change in Unearned Revenue	-	17.29	-26.66	110.89	90.54
Change in Other Net Operating Assets	-	-7.1	9.9	-24.99	-4.94
Operating Cash Flow	1,124	996.85	1,045	758.54	507.29
Operating Cash Flow Growth	12.73%	-4.59%	37.74%	49.53%	9513.13%
Capital Expenditures	-815.73	-626.16	-800.18	-632.23	-483.73
Sale of Property, Plant & Equipment	0.16	12.96	5.1	7.43	81.34
Sale (Purchase) of Intangibles	-30.92	-30.18	-29.7	-18.46	-11.59
Investment in Securities	-365.49	139.94	53.67	-14.27	-115.95
Other Investing Activities	-106.51	160.3	228.11	105.38	70.8
Investing Cash Flow	-1,318	-343.14	-543	-552.15	-459.14
Long-Term Debt Issued	552.2	414.59	428.31	222.48	352.28
Long-Term Debt Repaid	-313.71	-277.79	-582.25	-328.54	-223.23
Net Debt Issued (Repaid)	238.5	136.8	-153.94	-106.06	129.05
Repurchase of Common Stock	-8.71	-87.31	-105.93	-167.64	-40.51
Common Dividends Paid	-265.85	-269.14	-134.15	-	-
Financing Cash Flow	-36.06	-219.65	-394.03	-273.69	88.54
Foreign Exchange Rate Adjustments	-	-27.12	-23.81	-21.36	-44.67
Net Cash Flow	-230.76	406.94	83.95	-88.66	92.02
Free Cash Flow	308.05	370.69	244.61	126.31	23.55
Free Cash Flow Growth	-16.90%	51.54%	93.66%	436.33%	-
Free Cash Flow Margin	8.52%	10.76%	7.08%	4.26%	1.56%
Free Cash Flow Per Share	7.47	8.87	6.08	2.67	0.55
Cash Interest Paid	-	61.04	50.93	44.76	40.17
Cash Income Tax Paid	-	115.72	55.41	26.35	3.9
Levered Free Cash Flow	66.34	136.63	-141.33	-41.22	85.07
Unlevered Free Cash Flow	127.83	179.16	-49.84	12.37	131.35
Change in Working Capital	-	41.52	-24.95	74.28	103.82

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q