Copa Holdings, S.A.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $671.6M | $608.1M | $514.1M | $348.1M | $43.8M | $-607.1M | $247.0M | $88.2M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.15B | $996.8M | $1.04B | $758.5M | $507.3M | $5.3M | $784.9M | $543.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $815.7M | $626.2M | $600.2M | $254.6M | $206.8M | $44.1M | $62.4M | $119.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.32B | $-343.1M | $-543.0M | $-552.2M | $-459.1M | $-93.8M | $-192.9M | $-149.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $8.7M | $87.3M | $105.9M | $167.6M | $40.5M | — | — | — |
| Net Cash from Financing Activities | $-36.1M | $-219.6M | $-394.0M | $-273.7M | $88.5M | $93.6M | $-545.3M | $-430.2M |
| Net Change in Cash | $-204.1M | $434.1M | $107.8M | $-67.3M | $136.7M | $5.1M | $46.7M | $-36.8M |
| Free Cash Flow | $334.7M | $370.7M | $444.6M | $504.0M | $300.5M | $-38.8M | $722.5M | $424.0M |