Controladora Vuela Compañía de Aviación, S.A.B. de C.V (VOLARA.MX) Financial Statements
Price: $11.3
Market Cap: $12.99B
Avg Volume: 2.53M
Market Cap: $12.99B
Avg Volume: 2.53M
Country: MX
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 Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
Income Statement
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.26B | $2.85B | $2.18B | $1.11B | $1.83B | $1.39B | $1.27B | $1.13B | $1.05B | $952.75M |
| Cost of Revenue | $2.75B | $2.60B | $1.64B | $1.10B | $- | $1.34B | $1.13B | $916.22M | $817.90M | $851.88M |
| Gross Profit | $505.20M | $246.00M | $544.61M | $12.77M | $1.83B | $51.99M | $133.00M | $218.64M | $234.79M | $100.87M |
| Gross Profit Ratio | 15.50% | 8.64% | 25.00% | 1.15% | 100.00% | 3.74% | 10.51% | 19.27% | 22.30% | 10.59% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $145.94M | $81.71M | $61.51M | $53.74M | $54.75M | $51.75M | $49.06M | $41.76M | $917.69M | $29.01M |
| Selling and Marketing Expenses | $167.34M | $124.00M | $95.87M | $92.52M | $76.44M | $76.38M | $86.13M | $68.22M | $63.05M | $55.46M |
| Selling General and Administrative Expenses | $313.28M | $124.00M | $95.87M | $92.52M | $76.44M | $76.38M | $86.13M | $68.22M | $917.69M | $55.46M |
| Other Expenses | $-30.78M | $78.00M | $54.68M | $1.18B | $1.53B | $-468.72K | $215.02K | $-192.73K | $1.46M | $128.76K |
| Operating Expenses | $282.50M | $202.00M | $150.54M | $1.28B | $1.61B | $1.43B | $1.26B | $1.00B | $907.33M | $87.22M |
| Cost and Expenses | $3.04B | $2.80B | $1.79B | $1.28B | $1.61B | $1.43B | $1.26B | $1.00B | $907.33M | $939.10M |
| Interest Income | $38.00M | $13.00M | $3.52M | $36.73M | $87.03M | $7.76M | $5.39M | $109.67M | $2.72M | $1.56M |
| Interest Expense | $219.00M | $193.00M | $138.38M | $159.69M | $119.85M | $5.81M | $44.82M | $1.69M | $1.26M | $2.17M |
| Depreciation and Amortization | $496.31M | $417.93M | $326.40M | $278.51M | $286.67M | $25.47M | $27.94M | $25.90M | $26.45M | $23.25M |
| EBITDA | $721.02M | $477.05M | $600.99M | $143.59M | $600.47M | $260.61M | $306.09M | $265.54M | $174.53M | $68.19M |
| EBITDA Ratio | 22.12% | 2.00% | 18.22% | 15.45% | 32.90% | -1.27% | 2.71% | 23.60% | 16.58% | 1.62% |
| Operating Income | $222.71M | $34.00M | $74.03M | $-126.80M | $317.00M | $-44.80M | $949.18K | $132.23M | $145.36M | $13.85M |
| Operating Income Ratio | 6.83% | 1.19% | 3.39% | -11.38% | 17.28% | -3.22% | 0.08% | 11.65% | 13.81% | 1.45% |
| Total Other Income Expenses Net | $-215.27M | $-176.05M | $62.99M | $-119.94M | $-119.85M | $-92.99M | $-36.99M | $107.97M | $57.43M | $29.86M |
| Income Before Tax | $7.44M | $-126.00M | $132.61M | $-286.49M | $197.15M | $-46.85M | $-38.48M | $240.21M | $202.79M | $43.71M |
| Income Before Tax Ratio | 0.23% | -4.43% | 6.08% | -25.72% | 10.74% | -3.37% | -3.04% | 21.17% | 19.26% | 4.59% |
| Income Tax Expense | $-377.00K | $-96.00M | $29.02M | $-70.68M | $57.81M | $-11.87M | $-8.21M | $70.33M | $60.13M | $2.65M |
| Net Income | $7.82M | $-30.00M | $106.45M | $-215.81M | $139.35M | $-34.98M | $-30.27M | $169.87M | $142.67M | $41.07M |
| Net Income Ratio | 0.24% | -1.05% | 4.88% | -19.38% | 7.59% | -2.52% | -2.39% | 14.97% | 13.55% | 4.31% |
| EPS | $0.01 | $-0.03 | $0.09 | $-0.21 | $0.14 | $-0.03 | $-0.03 | $0.17 | $0.14 | $0.04 |
| EPS Diluted | $0.01 | $-0.03 | $0.09 | $-0.21 | $0.14 | $-0.03 | $-0.03 | $0.17 | $0.14 | $0.04 |
| Weighted Average Shares Outstanding | 1.15B | 1.16B | 1.17B | 1.00B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B |
| Weighted Average Shares Outstanding Diluted | 1.17B | 1.17B | 1.17B | 1.02B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $761.22M | $704.98M | $745.38M | $507.81M | $421.35M | $298.32M | $353.91M | $341.30M | $298.63M | $153.74M |
| Short Term Investments | $15.27M | $- | $- | $10.35K | $7.05M | $3.18M | $25.33M | $26.23M | $586.17K | $4.25M |
| Cash and Short Term Investments | $776.48M | $704.98M | $745.38M | $507.82M | $428.40M | $301.50M | $379.24M | $367.54M | $298.63M | $153.74M |
| Net Receivables | $250.60M | $240.13M | $106.08M | $101.63M | $122.52M | $74.63M | $73.79M | $46.47M | $25.19M | $30.45M |
| Inventory | $16.12M | $15.76M | $14.46M | $14.02M | $15.94M | $15.13M | $15.01M | $11.77M | $9.44M | $9.48M |
| Other Current Assets | $204.45M | $105.21M | $124.54M | $99.89M | $84.80M | $65.94M | $119.71M | $131.75M | $84.44M | $52.46M |
| Total Current Assets | $1.25B | $1.07B | $986.22M | $725.46M | $639.80M | $471.87M | $576.02M | $581.11M | $419.31M | $250.38M |
| Property Plant Equipment Net | $3.14B | $2.66B | $2.39B | $2.09B | $2.20B | $294.21M | $222.80M | $121.87M | $147.64M | $150.92M |
| Goodwill | $219.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $16.00M | $13.00M | $12.70M | $9.63M | $8.84M | $9.11M | $9.70M | $5.50M | $5.48M | $4.93M |
| Goodwill and Intangible Assets | $16.22M | $13.00M | $12.70M | $9.63M | $8.84M | $9.11M | $9.70M | $5.50M | $5.48M | $4.93M |
| Long Term Investments | $- | $- | $459.40M | $16.39K | $142.30K | $0 | $0 | $15.65M | $3.97M | $370.21K |
| Tax Assets | $236.03M | $257.00M | $142.09M | $157.25M | $77.22M | $30.19M | $28.64M | $26.98M | $31.53M | $22.25M |
| Other Non-Current Assets | $503.08M | $521.00M | $25.85M | $445.77M | $419.83M | $330.34M | $316.94M | $324.47M | $275.74M | $243.50M |
| Total Non-Current Assets | $3.90B | $3.45B | $3.03B | $2.70B | $2.70B | $663.85M | $578.07M | $494.48M | $464.37M | $421.96M |
| Other Assets | $- | $- | $- | $1 | $1 | $1 | $- | $1 | $- | $- |
| Total Assets | $5.15B | $4.52B | $4.01B | $3.43B | $3.34B | $1.14B | $1.15B | $1.08B | $883.68M | $672.34M |
| Account Payables | $233.86M | $194.86M | $108.16M | $112.28M | $84.33M | $55.23M | $54.86M | $41.60M | $45.23M | $34.32M |
| Short Term Debt | $592.99M | $447.77M | $480.74M | $403.18M | $359.39M | $61.68M | $122.38M | $50.74M | $81.10M | $55.55M |
| Tax Payables | $270.00M | $224.00M | $136.13M | $112.59M | $7.42M | $98.35M | $5.67M | $33.74M | $83.66M | $45.96M |
| Deferred Revenue | $347.11M | $346.00M | $305.73M | $294.08M | $196.18M | $124.08M | $113.95M | $105.53M | $113.33M | $96.45M |
| Other Current Liabilities | $177.63M | $202.89M | $218.85M | $150.51M | $268.74M | $377.23M | $173.59M | $169.72M | $89.67M | $91.39M |
| Total Current Liabilities | $1.62B | $1.42B | $1.26B | $1.07B | $916.06M | $470.32M | $477.18M | $404.98M | $411.29M | $323.67M |
| Long Term Debt | $2.95B | $2.53B | $2.24B | $2.08B | $2.04B | $117.59M | $1.55B | $45.52M | $12.73M | $28.83M |
| Deferred Revenue Non-Current | $- | $- | $5.47M | $136.63M | $79.61M | $17.61M | $12.02M | $8.84M | $3.43M | $1.95M |
| Deferred Tax Liabilities Non-Current | $15.71M | $17.00M | $11.24M | $10.04M | $8.24M | $56.01M | $82.30M | $88.66M | $51.27M | $1.82M |
| Other Non-Current Liabilities | $314.56M | $274.55M | $186.27M | $129.02M | $86.35M | $6.98M | $1.51B | $6.59M | $9.77M | $12.66M |
| Total Non-Current Liabilities | $3.28B | $2.82B | $2.43B | $2.22B | $2.14B | $198.19M | $159.43M | $149.62M | $77.20M | $45.27M |
| Other Liabilities | $- | $- | $1 | $- | $- | $1 | $- | $1 | $- | $1 |
| Total Liabilities | $4.90B | $4.24B | $3.69B | $3.29B | $3.05B | $668.51M | $636.61M | $554.60M | $488.49M | $368.94M |
| Preferred Stock | $- | $- | $1 | $1 | $1 | $800.32K | $2 | $2 | $1 | $0 |
| Common Stock | $248.28M | $248.00M | $167.40M | $172.22M | $157.01M | $151.30M | $151.40M | $143.52M | $172.18M | $201.84M |
| Retained Earnings | $-148.08M | $-106.00M | $-84.77M | $-193.78M | $18.92M | $216.80M | $258.66M | $286.10M | $139.44M | $-1.19M |
| Accumulated Other Comprehensive Income Loss | $-128.09M | $-135.00M | $15.10M | $-63.90M | $21.51M | $11.08M | $19.86M | $8.48M | $-14.85M | $-10.74M |
| Other Total Stockholders Equity | $270.49M | $312.57M | $368.39M | $362.55M | $94.53M | $416.81M | $410.25M | $86.48M | $115.49M | $116.09M |
| Total Stockholders Equity | $242.59M | $277.00M | $319.16M | $140.54M | $287.74M | $467.22M | $517.47M | $520.99M | $395.19M | $303.40M |
| Total Equity | $242.59M | $277.00M | $319.16M | $140.54M | $287.74M | $467.22M | $517.47M | $520.99M | $395.19M | $303.40M |
| Total Liabilities and Stockholders Equity | $5.15B | $4.52B | $4.01B | $3.43B | $3.34B | $1.14B | $1.15B | $1.08B | $883.68M | $672.34M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.15B | $4.52B | $4.01B | $3.43B | $3.34B | $1.14B | $1.15B | $1.08B | $883.68M | $672.34M |
| Total Investments | $15.27M | $- | $459.40M | $26.74K | $7.19M | $3.18M | $25.33M | $26.23M | $586.17K | $4.25M |
| Total Debt | $3.54B | $2.98B | $2.73B | $2.49B | $2.25B | $185.52M | $177.33M | $96.94M | $91.70M | $84.39M |
| Net Debt | $2.78B | $2.28B | $1.99B | $1.98B | $1.83B | $-112.79M | $-176.59M | $-244.36M | $-206.93M | $-69.35M |
Cash Flow Statement
| Breakdown | 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $7.82M | $-132.36M | $132.63M | $-215.81M | $139.35M | $-34.98M | $-30.27M | $169.87M | $202.79M | $43.71M |
| Depreciation and Amortization | $496.31M | $417.93M | $323.55M | $298.93M | $286.67M | $25.47M | $27.94M | $25.90M | $26.45M | $23.25M |
| Deferred Income Tax | $-377.00K | $-52.14M | $72.60M | $-70.68M | $57.81M | $-11.87M | $-8.21M | $70.33M | $-26.66M | $-10.81M |
| Stock Based Compensation | $5.77M | $709.00K | $-1.27M | $2.29M | $1.70M | $657.34K | $447.20K | $232.93K | $246.09K | $71.00K |
| Change in Working Capital | $21.16M | $205.89M | $113.71M | $67.66M | $-7.08M | $28.45M | $8.90M | $5.35M | $-23.65M | $-31.42M |
| Accounts Receivables | $69.61M | $49.67M | $-15.64M | $19.78M | $-16.07M | $937.60K | $650.20K | $-5.58M | $-83.78M | $2.82M |
| Inventory | $-359.00K | $-1.36M | $-849.51K | $1.15M | $-244.84K | $-123.19K | $-2.60M | $-3.90M | $-1.35M | $-1.75M |
| Accounts Payables | $36.62M | $86.63M | $6.11M | $46.43M | $27.36M | $713.47K | $9.98M | $6.57M | $17.40M | $-1.13M |
| Other Working Capital | $-84.70M | $70.95M | $124.09M | $297.05K | $-18.13M | $26.93M | $863.59K | $8.26M | $44.09M | $-31.35M |
| Other Non Cash Items | $199.14M | $121.84M | $134.29M | $160.73M | $21.55M | $21.05M | $51.39M | $-224.45M | $-1.44M | $-2.13M |
| Net Cash Provided by Operating Activities | $729.83M | $614.00M | $775.38M | $243.28M | $500.00M | $28.79M | $50.20M | $47.24M | $177.74M | $22.67M |
| Investments in Property Plant and Equipment | $-480.75M | $-353.94M | $-194.41M | $-175.98M | $-188.01M | $-143.19M | $-135.06M | $-109.06M | $-84.31M | $-108.78M |
| Acquisitions Net | $- | $- | $-78.03K | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-17.01M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $35.72M | $222.94M | $61.05M | $172.58M | $88.78M | $72.49M | $19.97M | $107.71M | $49.50M | $28.35M |
| Net Cash Used for Investing Activities | $-462.04M | $-131.00M | $-133.44M | $-3.41M | $-99.23M | $-70.70M | $-115.09M | $-1.35M | $-34.82M | $-80.44M |
| Debt Repayment | $-171.67M | $-490.21M | $-421.20M | $-275.84M | $-258.75M | $-289.81M | $-179.21M | $8.92M | $7.14M | $38.43M |
| Common Stock Issued | $1.02M | $- | $- | $164.40M | $- | $- | $- | $- | $1.36M | $- |
| Common Stock Repurchased | $-4.02M | $-5.24M | $-4.37M | $-4.51M | $-3.98M | $-2.92M | $-514.66K | $-821.73K | $- | $-479.16K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-39.72M | $-17.55M | $-9.62M | $-13.61M | $-11.77M | $-9.82M | $-5.33M | $-7.58M | $-3.37M | $-2.33M |
| Net Cash Used Provided by Financing Activities | $-214.39M | $-513.00M | $-431.35M | $-177.00M | $-274.49M | $-11.97M | $71.20M | $519.59K | $3.77M | $35.64M |
| Effect of Forex Changes on Cash | $8.91M | $1.00M | $41.14M | $43.86M | $-14.49M | $-1.49M | $-12.43M | $45.97M | $20.79M | $9.57M |
| Net Change in Cash | $62.30M | $-29.00M | $251.73M | $106.73M | $111.78M | $-55.36M | $-6.13M | $92.38M | $167.49M | $-12.63M |
| Cash at End of Period | $774.15M | $712.00M | $745.38M | $507.81M | $421.35M | $298.32M | $353.91M | $341.30M | $298.63M | $153.75M |
| Cash at Beginning of Period | $711.85M | $741.00M | $493.65M | $401.09M | $309.57M | $353.67M | $360.04M | $248.92M | $131.15M | $166.37M |
| Operating Cash Flow | $729.83M | $614.00M | $775.38M | $243.28M | $500.00M | $28.79M | $50.20M | $47.24M | $177.74M | $22.67M |
| Capital Expenditure | $-491.14M | $-353.94M | $-194.41M | $-175.98M | $-188.01M | $-143.19M | $-135.06M | $-109.06M | $-84.31M | $-108.78M |
| Free Cash Flow | $238.69M | $260.06M | $580.97M | $67.30M | $311.99M | $-114.40M | $-84.87M | $-61.82M | $93.43M | $-86.11M |