INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

Cash flow International Consolidated Airlines Group, S.A.

Equities

IAG

ES0177542018

Airlines

Market Closed - London S.E. Other stock markets 16:35:04 09/09/2024 BST			5-day change	1st Jan Change
191.40 ^GBX	+1.19%		+5.05%	+23.48%

10:50am	Barclays cuts Burberry to 'underweight'	AN
09-06	IAG : JP Morgan reaffirms its Buy rating	ZD

427925e6f3de0b7d.T7IUTwuLocNzTKno5MDyaK0Cu1BJ6ZLFpz9vpPf3qQs.espkCFLqwqYiIeKZ1YaBMMRtzBYgjcim0msW3caY0V8N4HIiX7PgiwIB4A

Published financial data: INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	23.58B	6.82B	7.51B	21.07B	26.97B
Other Revenues, Total	1.92B	988M	947M	1.99B	2.49B
Total Revenues	25.51B	7.81B	8.46B	23.07B	29.45B
Cost of Goods Sold, Total	18.24B	8.89B	8.29B	17.7B	21.54B
Gross Profit	7.26B	-1.08B	164M	5.36B	7.91B
Selling General & Admin Expenses, Total	1.87B	1.16B	1.19B	1.89B	2.21B
Depreciation & Amortization - (IS)	2.11B	2.08B	1.92B	2.08B	2.06B
Other Operating Expenses, Total	3.98B	3.24B	3.11B	3.97B	4.28B
Operating Income	3.29B	-4.32B	-2.94B	1.39B	3.63B
Interest Expense, Total	-585M	-637M	-768M	-979M	-1.1B
Interest And Investment Income	47M	21M	5M	51M	386M
Net Interest Expenses	-538M	-616M	-763M	-928M	-709M
Income (Loss) On Equity Invest.	6M	1M	2M	5M	6M
Currency Exchange Gains (Loss)	208M	164M	-68M	-256M	150M
Other Non Operating Income (Expenses)	8M	-57M	30M	152M	-40M
EBT, Excl. Unusual Items	2.97B	-4.83B	-3.74B	365M	3.04B
Restructuring Charges	-4M	-319M	18M	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	3M	1M	-	-3M	13M
Gain (Loss) On Sale Of Assets	-22M	38M	59M	22M	2M
Asset Writedown	-	-985M	-10M	8M	-
Other Unusual Items	-672M	-1.72B	168M	23M	-
EBT, Incl. Unusual Items	2.28B	-7.81B	-3.51B	415M	3.06B
Income Tax Expense	560M	-887M	-574M	-16M	401M
Earnings From Continuing Operations	1.72B	-6.92B	-2.93B	431M	2.66B
Net Income to Company	1.72B	-6.92B	-2.93B	431M	2.66B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.72B	-6.92B	-2.93B	431M	2.66B
Net Income to Common Incl Extra Items	1.72B	-6.92B	-2.93B	431M	2.66B
Net Income to Common Excl. Extra Items	1.72B	-6.92B	-2.93B	431M	2.66B
Per Share Items
Net EPS - Basic	0.86	-1.96	-0.59	0.09	0.54
Basic EPS - Continuing Operations	0.86	-1.96	-0.59	0.09	0.54
Basic Weighted Average Shares Outstanding	1.98B	3.53B	4.96B	4.96B	4.93B
Net EPS - Diluted	0.84	-1.96	-0.59	0.06	0.51
Diluted EPS - Continuing Operations	0.84	-1.96	-0.59	0.06	0.51
Diluted Weighted Average Shares Outstanding	2.07B	3.53B	4.96B	5.34B	5.28B
Normalized Basic EPS	0.94	-0.86	-0.47	0.05	0.39
Normalized Diluted EPS	0.9	-0.86	-0.47	0.04	0.36
Dividend Per Share	0.14	-	-	-	-
Payout Ratio	35.74	-	-	-	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	4.11B	-3.55B	-2.25B	2.2B	4.44B
EBITA	3.3B	-4.31B	-2.93B	1.4B	3.64B
EBIT	3.29B	-4.32B	-2.94B	1.39B	3.63B
EBITDAR	4.22B	-3.5B	-2.23B	2.24B	4.46B
Total Revenues (As Reported)	25.51B	7.81B	8.46B	23.07B	29.45B
Effective Tax Rate - (Ratio)	24.62	11.36	16.37	-3.86	13.12
Total Current Taxes	468M	-279M	-1M	70M	207M
Total Deferred Taxes	92M	-608M	-573M	-86M	194M
Normalized Net Income	1.86B	-3.02B	-2.34B	228M	1.9B
Interest Capitalized	17M	8M	3M	11M	28M
Interest on Long-Term Debt	591M	664M	821M	985M	1.04B
Non-Cash Pension Expense	788M	82M	99M	48M	-12M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.04B	405M	434M	920M	1.16B
Net Rental Expense, Total	103M	43M	27M	41M	25M
Imputed Operating Lease Interest Expense	45.59M	14.83M	9.44M	16.4M	12.45M
Imputed Operating Lease Depreciation	57.41M	28.17M	17.56M	24.6M	12.55M
Stock-Based Comp., COGS (Total)	34M	-8M	23M	39M	52M
Total Stock-Based Compensation	34M	-8M	23M	39M	52M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.06B	5.77B	7.89B	9.2B	5.44B
Short Term Investments	2.58B	105M	16M	370M	1.36B
Total Cash And Short Term Investments	6.64B	5.88B	7.91B	9.57B	6.81B
Accounts Receivable, Total	2.26B	557M	735M	1.33B	2.05B
Other Receivables	460M	297M	212M	428M	488M
Total Receivables	2.72B	854M	947M	1.76B	2.54B
Inventory	565M	351M	334M	353M	494M
Prepaid Expenses	1.04B	596M	764M	870M	750M
Restricted Cash	41M	38M	35M	33M	31M
Other Current Assets, Total	324M	122M	563M	664M	81M
Total Current Assets	11.33B	7.84B	10.55B	13.24B	10.7B
Gross Property Plant And Equipment	34.15B	31.42B	30.57B	31.94B	34.99B
Accumulated Depreciation	-14.98B	-13.89B	-13.41B	-13.59B	-15.21B
Net Property Plant And Equipment	19.17B	17.53B	17.16B	18.35B	19.78B
Long-term Investments	113M	58M	71M	98M	235M
Goodwill	349M	344M	347M	346M	347M
Other Intangibles, Total	3.09B	2.86B	2.89B	3.21B	3.56B
Deferred Tax Assets Long-Term	546M	1.08B	1.28B	1.28B	1.2B
Other Long-Term Assets, Total	1.06B	552M	2.1B	2.78B	1.85B
Total Assets	35.66B	30.26B	34.41B	39.3B	37.68B
Liabilities
Accounts Payable, Total	2.31B	1.61B	2.07B	2.97B	3.18B
Accrued Expenses, Total	992M	584M	805M	1.07B	1.02B
Short-term Borrowings	-	426M	73M	-	-
Current Portion of Long-Term Debt	149M	229M	932M	1.08B	425M
Current Portion of Leases	1.69B	1.56B	1.52B	1.77B	1.83B
Current Income Taxes Payable	192M	48M	21M	8M	2M
Unearned Revenue Current, Total	5.49B	4.66B	6.16B	7.32B	7.99B
Other Current Liabilities	1.92B	2.4B	1.7B	2.46B	2.54B
Total Current Liabilities	12.75B	11.52B	13.28B	16.66B	16.98B
Long-Term Debt	3.06B	5B	8.97B	9.29B	6.69B
Long-Term Leases	9.35B	8.46B	8.12B	7.85B	7.14B
Unearned Revenue Non Current	-	473M	391M	326M	257M
Pension & Other Post Retirement Benefits	328M	719M	285M	217M	175M
Deferred Tax Liability Non Current	572M	40M	-	-	4M
Other Non Current Liabilities	2.77B	2.74B	2.52B	2.94B	3.16B
Total Liabilities	28.83B	28.95B	33.56B	37.28B	34.4B
Common Stock, Total	996M	497M	497M	497M	497M
Additional Paid In Capital	5.33B	7.77B	7.77B	7.77B	7.77B
Retained Earnings	3.14B	-4.52B	-5.73B	-4.51B	-2.9B
Treasury Stock	-60M	-40M	-24M	-28M	-100M
Comprehensive Income and Other	-2.58B	-2.4B	-1.67B	-1.72B	-2B
Total Common Equity	6.82B	1.31B	840M	2.02B	3.27B
Minority Interest	6M	6M	6M	6M	6M
Total Equity	6.83B	1.32B	846M	2.02B	3.28B
Total Liabilities And Equity	35.66B	30.26B	34.41B	39.3B	37.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.98B	4.97B	4.96B	4.95B	4.92B
ECS Total Common Shares Outstanding	1.98B	4.97B	4.96B	4.95B	4.92B
Book Value / Share	3.44	0.26	0.17	0.41	0.67
Tangible Book Value	3.38B	-1.9B	-2.4B	-1.54B	-637M
Tangible Book Value Per Share	1.7	-0.38	-0.48	-0.31	-0.13
Total Debt	14.25B	15.68B	19.61B	19.98B	16.08B
Net Debt	7.61B	9.8B	11.7B	10.42B	9.28B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-914M	-189M	-2.75B	-3.38B	-1.95B
Debt Equivalent Oper. Leases	824M	344M	216M	328M	200M
Minority Interest, Total (Incl. Fin. Div)	6M	6M	6M	6M	6M
Equity Method Investments, Total	31M	29M	40M	43M	47M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	-	43M
Inventories - Others	-	-	-	-	451M
Machinery, Total	17.01B	14.33B	13.15B	15.3B	17.88B
Full Time Employees	53.48K	45.76K	44.19K	52.84K	54.67K
Part Time Employees	18.79K	12.16K	12.46K	13.21K	17.12K
Accumulated Allowance for Doubtful Accounts (Supple)	113M	125M	115M	114M	114M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.72B	-6.92B	-2.93B	431M	2.66B
Depreciation & Amortization - CF	1.97B	1.92B	1.74B	1.89B	1.87B
Amortization of Goodwill and Intangible Assets - (CF)	11M	10M	11M	8M	8M
Depreciation & Amortization, Total	1.98B	1.93B	1.75B	1.9B	1.88B
Amortization of Deferred Charges, Total - (CF)	131M	151M	167M	210M	185M
(Gain) Loss From Sale Of Asset	-	-	-	-	-2M
Asset Writedown & Restructuring Costs	-180M	494M	-144M	-89M	-
Net Cash From Discontinued Operations	-	-	-497M	-	-
Other Operating Activities, Total	426M	-172M	-116M	502M	290M
Change In Accounts Receivable	-935M	2.35B	-351M	-914M	-272M
Change In Inventories	-	-	-	-	-140M
Change In Accounts Payable	865M	-1.12B	1.98B	2.8B	258M
Change in Unearned Revenues	-	-	-	-	212M
Change in Other Net Operating Assets	-	-	-	-	-200M
Cash from Operations	4B	-3.3B	-141M	4.84B	4.86B
Capital Expenditure	-3.46B	-1.94B	-744M	-3.88B	-3.54B
Sale of Property, Plant, and Equipment	911M	1.13B	544M	837M	1.08B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-103M	2.37B	91M	-351M	-974M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-100M	-
Other Investing Activities, Total	-1M	2M	-72M	26M	15M
Cash from Investing	-2.66B	1.56B	-181M	-3.46B	-3.42B
Long-Term Debt Issued, Total	2.29B	3.57B	4.82B	1.44B	1B
Total Debt Issued	2.29B	3.57B	4.82B	1.44B	1B
Long-Term Debt Repaid, Total	-2.24B	-2.51B	-2.26B	-2.5B	-6B
Total Debt Repaid	-2.24B	-2.51B	-2.26B	-2.5B	-6B
Issuance of Common Stock	-	2.67B	-	-	-
Repurchase of Common Stock	-	-	-24M	-23M	-77M
Common Dividends Paid	-613M	-	-	-	-
Common & Preferred Stock Dividends Paid	-613M	-	-	-	-
Special Dividend Paid	-695M	-	-	-	-
Other Financing Activities, Total	-	-53M	-293M	1.04B	-119M
Cash from Financing	-1.26B	3.67B	2.24B	-56M	-5.19B
Foreign Exchange Rate Adjustments	140M	-228M	205M	-12M	-2M
Net Change in Cash	225M	1.71B	2.12B	1.3B	-3.76B
Supplemental Items
Cash Interest Paid	481M	548M	640M	824M	1B
Cash Income Tax Paid (Refund)	119M	-45M	-63M	134M	291M
Levered Free Cash Flow	275M	-1.85B	-356M	560M	848M
Unlevered Free Cash Flow	641M	-1.45B	124M	1.17B	1.53B
Change In Net Working Capital	93M	-1.12B	-769M	-2.03B	-690M
Net Debt Issued / Repaid	49M	1.05B	2.55B	-1.07B	-5B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.45	-8.22	-5.68	2.36	5.9
Return on Total Capital	11.63	-14.18	-9.75	4.1	10.98
Return On Equity %	25.32	-169.99	-238.84	30.06	100.19
Return on Common Equity	25.34	-170.24	-240.02	30.18	100.42
Margin Analysis
Gross Profit Margin %	28.48	-13.89	1.94	23.25	26.86
SG&A Margin	7.32	14.85	14.1	8.21	7.51
EBITDA Margin %	16.13	-45.44	-26.65	9.52	15.06
EBITA Margin %	12.93	-55.23	-34.68	6.07	12.37
EBIT Margin %	12.88	-55.35	-34.81	6.03	12.34
Income From Continuing Operations Margin %	6.72	-88.69	-34.69	1.87	9.01
Net Income Margin %	6.72	-88.69	-34.69	1.87	9.01
Net Avail. For Common Margin %	6.72	-88.69	-34.69	1.87	9.01
Normalized Net Income Margin	7.28	-38.66	-27.66	0.99	6.45
Levered Free Cash Flow Margin	1.08	-23.67	-4.21	2.43	2.88
Unlevered Free Cash Flow Margin	2.51	-18.57	1.46	5.08	5.2
Asset Turnover
Asset Turnover