Copa Holdings, S.A (CPA) Financial Statements
Price: $84.64
Market Cap: $3.52B
Avg Volume: 334.06K
Market Cap: $3.52B
Avg Volume: 334.06K
Country: PA
Industry: Airlines, Airports & Air Services
Sector: Industrials
Industry: Airlines, Airports & Air Services
Sector: Industrials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Copa Holdings, S.A.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.44B | $3.46B | $2.97B | $1.51B | $801.00M | $2.71B | $2.68B | $2.53B | $2.22B | $2.25B |
| Cost of Revenue | $2.02B | $2.29B | $1.87B | $959.87M | $1.03B | $1.66B | $1.60B | $1.38B | $1.42B | $1.45B |
| Gross Profit | $1.43B | $1.16B | $1.09B | $550.06M | $-229.00M | $1.05B | $1.07B | $1.14B | $803.72M | $796.70M |
| Gross Profit Ratio | 41.43% | 33.67% | 36.77% | 36.43% | -28.59% | 38.74% | 40.07% | 45.25% | 36.17% | 35.41% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $135.11M | $130.66M | $125.42M | $87.43M | $71.98M | $568.53M | $132.53M | $134.54M | $120.84M | $122.22M |
| Selling and Marketing Expenses | $207.97M | $227.17M | $224.47M | $129.88M | $70.39M | $210.62M | $210.16M | $200.41M | $99.92M | $88.05M |
| Selling General and Administrative Expenses | $343.08M | $357.83M | $224.47M | $129.88M | $70.39M | $210.62M | $342.69M | $334.95M | $120.84M | $122.22M |
| Other Expenses | $330.71M | $- | $415.26M | $274.53M | $161.54M | $402.86M | $-239.00K | $-2.34M | $120.23M | $-36.23M |
| Operating Expenses | $673.79M | $357.83M | $639.73M | $404.40M | $231.94M | $613.48M | $739.36M | $703.73M | $527.10M | $530.61M |
| Cost and Expenses | $2.69B | $2.65B | $2.51B | $1.36B | $1.26B | $2.27B | $2.34B | $2.09B | $1.95B | $1.98B |
| Interest Income | $- | $50.21M | $18.03M | $10.85M | $19.96M | $24.41M | $23.63M | $17.94M | $13.00M | $25.95M |
| Interest Expense | $- | $158.22M | $87.63M | $74.05M | $73.05M | $57.43M | $35.85M | $35.22M | $37.02M | $33.16M |
| Depreciation and Amortization | $330.71M | $230.17M | $267.70M | $239.95M | $259.34M | $282.08M | $276.56M | $167.32M | $159.28M | $134.89M |
| EBITDA | $1.08B | $1.08B | $741.68M | $370.51M | $-298.40M | $717.58M | $450.12M | $605.71M | $569.12M | $-24.17M |
| EBITDA Ratio | 31.47% | 31.11% | 25.01% | 24.54% | -37.25% | 26.50% | 16.81% | 23.96% | 25.61% | -1.07% |
| Operating Income | $753.39M | $806.12M | $200.78M | $-86.73M | $-460.93M | $173.54M | $145.04M | $440.06M | $276.61M | $266.09M |
| Operating Income Ratio | 21.87% | 23.32% | 6.77% | -5.74% | -57.54% | 6.41% | 5.42% | 17.41% | 12.45% | 11.83% |
| Total Other Income Expenses Net | $-47.16M | $-195.02M | $-62.15M | $-97.63M | $-169.85M | $-52.71M | $-36.83M | $-26.48M | $96.68M | $-460.51M |
| Income Before Tax | $706.23M | $611.10M | $388.23M | $50.21M | $-622.32M | $293.44M | $122.63M | $418.02M | $372.82M | $222.65M |
| Income Before Tax Ratio | 20.50% | 17.68% | 13.09% | 3.33% | -77.69% | 10.84% | 4.58% | 16.54% | 16.78% | 9.90% |
| Income Tax Expense | $97.70M | $97.00M | $40.18M | $10.27M | $-23.72M | $46.44M | $34.53M | $48.00M | $32.97M | $37.23M |
| Net Income | $608.53M | $514.10M | $348.05M | $43.84M | $-598.61M | $247.00M | $88.10M | $370.02M | $339.85M | $185.42M |
| Net Income Ratio | 17.67% | 14.87% | 11.74% | 2.90% | -74.73% | 9.12% | 3.29% | 14.64% | 15.30% | 8.24% |
| EPS | $14.56 | $12.78 | $8.58 | $1.03 | $-14.08 | $5.84 | $2.09 | $8.55 | $7.63 | $-5.49 |
| EPS Diluted | $14.56 | $12.78 | $7.88 | $1.03 | $-14.08 | $5.84 | $2.09 | $8.55 | $7.63 | $-5.49 |
| Weighted Average Shares Outstanding | 41.80M | 40.23M | 40.58M | 42.60M | 42.51M | 42.28M | 42.18M | 42.42M | 42.36M | 43.86M |
| Weighted Average Shares Outstanding Diluted | 41.80M | 40.23M | 47.36M | 42.60M | 42.51M | 42.28M | 42.18M | 42.42M | 42.36M | 43.87M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $613.31M | $206.38M | $122.42M | $211.08M | $119.06M | $158.73M | $153.35M | $238.79M | $331.69M | $202.66M |
| Short Term Investments | $585.92M | $708.81M | $812.32M | $806.34M | $770.82M | $692.40M | $566.20M | $705.11M | $483.00M | $416.00M |
| Cash and Short Term Investments | $1.20B | $915.18M | $934.75M | $1.02B | $889.88M | $851.13M | $719.55M | $943.90M | $814.69M | $618.67M |
| Net Receivables | $168.99M | $177.28M | $148.14M | $97.24M | $47.04M | $109.64M | $96.36M | $115.64M | $107.41M | $87.89M |
| Inventory | $132.34M | $116.60M | $93.33M | $74.78M | $74.32M | $69.10M | $86.53M | $81.83M | $74.50M | $62.25M |
| Other Current Assets | $76.35M | $58.89M | $59.61M | $71.28M | $208.13M | $204.57M | $154.68M | $53.27M | $72.79M | $136.73M |
| Total Current Assets | $1.58B | $1.27B | $1.24B | $1.22B | $1.22B | $1.22B | $1.06B | $1.20B | $1.07B | $910.16M |
| Property Plant Equipment Net | $3.77B | $3.52B | $3.12B | $2.68B | $2.36B | $2.82B | $2.70B | $2.83B | $2.62B | $2.65B |
| Goodwill | $- | $20.38M | $20.38M | $20.38M | $20.38M | $20.38M | $20.38M | $20.38M | $20.38M | $20.38M |
| Intangible Assets | $96.75M | $67.61M | $58.17M | $61.37M | $95.57M | $108.12M | $101.17M | $81.11M | $49.12M | $49.05M |
| Goodwill and Intangible Assets | $96.75M | $87.99M | $78.56M | $81.75M | $95.57M | $108.12M | $101.17M | $81.11M | $69.50M | $69.43M |
| Long Term Investments | $248.94M | $258.93M | $202.06M | $199.67M | $119.62M | $134.35M | $138.85M | $65.95M | $953.00K | $423.47M |
| Tax Assets | $- | $30.15M | $30.74M | $28.42M | $35.59M | $19.22M | $16.04M | $18.57M | $18.34M | $21.92M |
| Other Non-Current Assets | $52.14M | $32.03M | $25.28M | $36.88M | $21.47M | $38.01M | $66.87M | $62.90M | $64.25M | $90.47M |
| Total Non-Current Assets | $4.17B | $3.93B | $3.45B | $3.03B | $2.63B | $3.12B | $3.02B | $3.05B | $2.78B | $3.26B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.74B | $5.20B | $4.69B | $4.25B | $3.85B | $4.35B | $4.09B | $4.25B | $3.85B | $4.17B |
| Account Payables | $228.72M | $182.33M | $166.66M | $112.60M | $63.46M | $119.33M | $124.96M | $129.96M | $104.18M | $218.97M |
| Short Term Debt | $313.96M | $290.73M | $318.46M | $270.52M | $211.55M | $220.31M | $414.42M | $405.41M | $222.72M | $271.04M |
| Tax Payables | $- | $26.74M | $50.15M | $36.43M | $14.42M | $61.29M | $44.75M | $85.14M | $69.88M | $60.24M |
| Deferred Revenue | $- | $55.06M | $55.29M | $95.11M | $91.21M | $80.33M | $30.34M | $13.19M | $35.37M | $370.99M |
| Other Current Liabilities | $884.81M | $723.61M | $603.01M | $633.55M | $523.95M | $596.69M | $534.34M | $531.09M | $465.90M | $89.95M |
| Total Current Liabilities | $1.43B | $1.28B | $1.19B | $1.11B | $888.56M | $1.03B | $1.04B | $1.06B | $922.44M | $979.55M |
| Long Term Debt | $1.69B | $1.46B | $1.46B | $1.33B | $1.18B | $1.15B | $1.25B | $1.17B | $1.42B | $1.06B |
| Deferred Revenue Non-Current | $- | $69.75M | $56.23M | $60.40M | $75.17M | $45.21M | $37.47M | $33.12M | $26.32M | $17.15M |
| Deferred Tax Liabilities Non-Current | $- | $36.37M | $16.57M | $18.78M | $22.19M | $43.40M | $48.94M | $50.63M | $39.67M | $46.55M |
| Other Non-Current Liabilities | $255.12M | $234.47M | $471.77M | $482.82M | $476.22M | $191.22M | $161.57M | $-168.71M | $-413.01M | $87.20M |
| Total Non-Current Liabilities | $1.94B | $1.80B | $2.00B | $1.84B | $1.67B | $1.38B | $1.20B | $1.08B | $1.08B | $1.18B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 |
| Total Liabilities | $3.37B | $3.07B | $3.20B | $2.95B | $2.56B | $2.41B | $2.25B | $2.14B | $2.00B | $2.16B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $8.00K | $- | $- |
| Common Stock | $30.71M | $30.67M | $28.79M | $28.76M | $28.66M | $28.61M | $28.55M | $28.50M | $28.45M | $28.39M |
| Retained Earnings | $2.44B | $2.10B | $1.72B | $1.36B | $1.33B | $1.97B | $1.87B | $2.15B | $1.89B | $2.05B |
| Accumulated Other Comprehensive Income Loss | $-15.75M | $-9.33M | $-11.45M | $-18.67M | $-24.08M | $-8.63M | $-4.23M | $-3.89M | $-1.87M | $3.60M |
| Other Total Stockholders Equity | $-76.90M | $4.97M | $-241.08M | $-78.55M | $-45.05M | $-50.25M | $-56.35M | $-324.00M | $-282.22M | $-83.30M |
| Total Stockholders Equity | $2.37B | $2.12B | $1.49B | $1.30B | $1.29B | $1.93B | $1.84B | $2.11B | $1.85B | $2.00B |
| Total Equity | $2.37B | $2.12B | $1.49B | $1.30B | $1.29B | $1.93B | $1.84B | $2.11B | $1.85B | $2.00B |
| Total Liabilities and Stockholders Equity | $5.74B | $5.20B | $4.69B | $4.25B | $3.85B | $4.35B | $4.09B | $4.25B | $3.85B | $4.17B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.74B | $5.20B | $4.69B | $4.25B | $3.85B | $4.35B | $4.09B | $4.25B | $3.85B | $4.17B |
| Total Investments | $834.86M | $967.74M | $1.01B | $1.01B | $890.43M | $826.75M | $705.05M | $771.06M | $483.95M | $481.09M |
| Total Debt | $2.00B | $1.75B | $1.68B | $1.60B | $1.39B | $1.36B | $1.29B | $1.17B | $1.18B | $1.30B |
| Net Debt | $1.39B | $1.54B | $1.56B | $1.39B | $1.28B | $1.20B | $1.13B | $935.79M | $852.45M | $1.10B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $608.53M | $514.10M | $348.05M | $43.84M | $-607.06M | $247.00M | $88.09M | $370.02M | $334.54M | $-224.97M |
| Depreciation and Amortization | $330.71M | $306.11M | $267.70M | $239.95M | $259.34M | $282.08M | $169.44M | $164.34M | $159.19M | $134.89M |
| Deferred Income Tax | $- | $97.00M | $40.18M | $10.85M | $-23.72M | $46.44M | $34.53M | $48.00M | $38.27M | $32.76M |
| Stock Based Compensation | $- | $4.36M | $5.16M | $7.10M | $5.26M | $6.15M | $7.14M | $7.42M | $7.54M | $4.03M |
| Change in Working Capital | $- | $-24.95M | $74.28M | $103.82M | $-29.21M | $102.39M | $-59.39M | $152.82M | $160.05M | $-43.76M |
| Accounts Receivables | $- | $-27.56M | $-51.65M | $-36.05M | $70.34M | $-16.98M | $-3.06M | $-3.35M | $-9.82M | $17.15M |
| Inventory | $- | $- | $- | $81.70M | $-43.61M | $110.43M | $-85.24M | $120.10M | $69.70M | $-34.28M |
| Accounts Payables | $- | $19.37M | $40.04M | $54.26M | $-66.83M | $-3.57M | $11.40M | $25.14M | $19.46M | $-33.71M |
| Other Working Capital | $- | $-16.76M | $85.89M | $3.90M | $10.89M | $12.51M | $17.50M | $10.93M | $80.71M | $7.08M |
| Other Non Cash Items | $30.49M | $148.16M | $5.58M | $57.06M | $355.88M | $98.92M | $101.71M | $-15.28M | $-113.01M | $426.98M |
| Net Cash Provided by Operating Activities | $969.73M | $1.04B | $740.95M | $462.61M | $-39.52M | $782.98M | $341.53M | $727.33M | $586.59M | $329.93M |
| Investments in Property Plant and Equipment | $- | $-800.17M | $-650.69M | $-495.32M | $-60.48M | $-163.29M | $-365.91M | $-319.94M | $-150.30M | $-184.27M |
| Acquisitions Net | $- | $- | $112.81M | $11.59M | $16.42M | $51.36M | $30.18M | $172.64M | $49.34M | $-210.95M |
| Purchases of Investments | $- | $-644.91M | $-763.84M | $-1.12B | $-904.57M | $-711.04M | $-711.84M | $-854.12M | $-553.04M | $-383.00M |
| Sales Maturities of Investments | $- | $698.58M | $749.58M | $1.00B | $840.63M | $589.60M | $775.50M | $567.01M | $485.94M | $435.11M |
| Other Investing Activities | $-343.14M | $203.51M | $-3.76M | $226.64M | $14.25M | $-1.70M | $169.03M | $-143.75M | $-3.85M | $97.52M |
| Net Cash Used for Investing Activities | $-343.14M | $-543.00M | $-555.91M | $-373.04M | $-93.76M | $-235.07M | $-103.04M | $-578.16M | $-171.91M | $-245.59M |
| Debt Repayment | $- | $-73.94M | $-106.06M | $129.05M | $127.60M | $-434.90M | $-282.59M | $-206.72M | $-162.56M | $-91.91M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $587.00K | $56.00K | $- |
| Common Stock Repurchased | $- | $-105.93M | $-167.64M | $-40.51M | $- | $- | $- | $- | $- | $-117.96M |
| Dividends Paid | $- | $-134.15M | $- | $- | $-33.99M | $-110.44M | $-147.60M | $-106.79M | $-86.12M | $-147.59M |
| Other Financing Activities | $-219.65M | $-80.00M | $- | $- | $- | $- | $- | $587.00K | $56.00K | $- |
| Net Cash Used Provided by Financing Activities | $-219.65M | $-394.03M | $-273.69M | $2.44M | $93.61M | $-545.33M | $-323.94M | $-204.76M | $-248.62M | $-91.65M |
| Effect of Forex Changes on Cash | $- | $-23.81M | $-21.36M | $-44.67M | $-44.79M | $-44.11M | $-45.86M | $-37.31M | $-39.08M | $-11.46M |
| Net Change in Cash | $406.94M | $83.95M | $-88.66M | $92.02M | $-39.67M | $2.57M | $-85.44M | $-92.89M | $126.97M | $-18.78M |
| Cash at End of Period | $613.31M | $206.38M | $122.42M | $211.08M | $119.06M | $158.73M | $153.35M | $238.79M | $331.69M | $202.66M |
| Cash at Beginning of Period | $206.38M | $122.42M | $211.08M | $119.06M | $158.73M | $156.16M | $238.79M | $331.69M | $204.72M | $221.44M |
| Operating Cash Flow | $969.73M | $1.04B | $740.95M | $462.61M | $-39.52M | $782.98M | $341.53M | $727.33M | $586.59M | $329.93M |
| Capital Expenditure | $- | $-829.87M | $-650.69M | $-495.32M | $-60.48M | $-163.29M | $-365.91M | $-319.94M | $-150.30M | $-184.27M |
| Free Cash Flow | $969.73M | $214.91M | $90.26M | $-32.71M | $-100.00M | $619.69M | $-24.38M | $407.39M | $436.29M | $145.66M |