AZUL SA (AZUL)
Azul S.A., a Brazilian-based company, primarily offers air transportation services, both domestically within Brazil and across international routes, supported by its various subsidiaries. In addition to core passenger air travel, the company diversifies its revenue streams through activities such as cargo and mail delivery, passenger charter services, and the development of frequent-flyer programs. Its business scope further extends to intellectual property ownership, offering travel packages, aircraft financing and acquisition, leasing, and comprehensive maintenance and hangarage services for aircraft, engines, and components. As of December 31, 2023, the airline reported a substantial operational footprint, executing roughly 980 daily departures across a network of 400 direct routes serving 160 destinations. Its fleet comprised 181 operational aircraft, with a contractual passenger fleet totaling 185. Founded in 2008, Azul S.A. maintains its headquarters in Barueri, Brazil. However, on May 28, 2025, Azul S.A., alongside its affiliates, initiated voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the Southern District of New York.
Sector: Air Transportation, Scheduled
Industry: Airlines, Airports & Air Services
Azul S.A.
NYSE:AZULIndustrials · Airlines, Airports & Air Services
+0.17%$6.01
AH Close$6.01+0.00%vs close
AH Close$6.01+0.00%vs close
Mkt Cap$1.2B
Float102.88M
O/S200.41M
Inst Own30.4%
SI0.1%
Div Yield2.47%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.29B
Net Income$24.74M
Total Assets$4.68B
Free Cash Flow-$277.98M
Debt & Equity
Debt 526%
Total Debt$7.1B
Total Equity-$5.75B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AZUL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.68B
Liabilities$10.43B
Accounts Receivable$580.53M
Accounts Payable$778.61M
Inventory$266.22M
PP&E (Net)$2.55B
Goodwill$178.53M
Intangible Assets$125.69M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $4.29B | $3.87B | $3.68B | $3.16B | $1.98B | $1.14B | $2.27B | $1.79B | $1.53B | $1.32B | $1.24B | $1.15B | $1.04B | $538.47M | $341.08M | $172.62M |
| YoY Growth | 10.8% | 5.2% | 16.3% | 59.9% | 73.7% | -49.8% | 26.3% | 17.6% | 15.5% | 6.6% | 7.8% | 10.9% | 92.6% | 57.9% | 97.6% | - |
| Cost of Revenue | $3.07B | $2.85B | $3.06B | $2.83B | $1.62B | $1.23B | $1.61B | $1.05B | $887.14M | $1.11B | $1.13B | $939.63M | $820.2M | $462.2M | $289.62M | $154M |
| Gross Profit | $1.22B | $1.02B | $620.39M | $333.56M | $357.85M | -$93.55M | $589.09M | $745.51M | $639.64M | $213.41M | $113.82M | $210.29M | $217M | $76.27M | $51.46M | $18.62M |
| Gross Margin | 28.5% | 26.4% | 16.9% | 10.6% | 18.1% | -8.2% | 26.0% | 41.5% | 41.9% | 16.1% | 9.2% | 18.3% | 20.9% | 14.2% | 15.1% | 10.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $313.13M | $262.01M | $158.97M | $95.96M | $240.83M | $88M | $73.05M | $61.34M | $68.78M | $51.16M | $59.16M | $41.17M | $26.1M | $18.53M | $10.7M |
| Other | $364.39M | $35.62M | $29.22M | -$108.68M | $251.04M | -$57.15M | $804.86M | $435.93M | $332.03M | $76.41M | $95.87M | $71.68M | $83.04M | $48.46M | $27.96M | $17.99M |
| Total Operating Expenses | $364.39M | $348.75M | $291.23M | $50.28M | $347M | $183.69M | $892.87M | $508.98M | $393.37M | $145.19M | $147.03M | $130.85M | $124.21M | $74.56M | $46.48M | $28.7M |
| Operating Income (EBIT) | $856.34M | $671.88M | $329.16M | $283.28M | $10.86M | -$277.24M | -$236.88M | $236.53M | $246.27M | $68.22M | -$33.21M | $79.45M | $92.79M | $1.71M | $4.97M | -$10.07M |
| Operating Margin | 20.0% | 17.4% | 9.0% | 9.0% | 0.5% | -24.4% | -10.4% | 13.2% | 16.1% | 5.2% | -2.7% | 6.9% | 8.9% | 0.3% | 1.5% | -5.8% |
| Interest Expense | $553.19M | $1.09B | $902.74M | $789.32M | $666.29M | $543.81M | $263.45M | $196.76M | $107.58M | $135.62M | $135.92M | $96.87M | $61.89M | $33.42M | $24.76M | $10.47M |
| Interest Income | $19.86M | $34.08M | -$55.66M | $40.7M | $24.92M | $4.63M | $14.29M | $8.2M | $10.39M | $6.97M | $8.56M | $7.78M | $2.13M | $1.54M | $2.19M | $1.22M |
| Other Income (Expense) | -$831.59M | -$2.49B | -$793.04M | -$426.42M | -$845.74M | -$1.92B | -$265.7M | -$326.28M | -$164.21M | -$64.72M | -$180.28M | -$96.78M | -$73.73M | -$35.79M | -$25.87M | -$9.26M |
| Income Before Tax (EBT) | $24.74M | -$1.82B | -$463.88M | -$143.14M | -$834.88M | -$2.2B | -$502.58M | -$89.75M | $82.06M | $3.5M | -$213.5M | -$17.33M | $19.06M | -$34.08M | -$20.9M | -$19.33M |
| Income Tax Expense | $2K | -$7.69M | $7.83M | $0 | $0 | -$48.05M | -$26.39M | $36.22M | -$2.06M | $28.53M | -$495K | -$4.44M | $14.96M | -$223K | $0 | $0 |
| Net Income | $24.74M | -$1.81B | -$471.71M | -$143.14M | -$834.88M | -$2.15B | -$476.19M | -$125.98M | $84.12M | -$25.03M | -$213M | -$12.89M | $4.1M | -$33.85M | -$20.9M | -$19.33M |
| Net Income Margin | 0.6% | -46.9% | -12.8% | -4.5% | -42.2% | -188.6% | -21.0% | -7.0% | 5.5% | -1.9% | -17.2% | -1.1% | 0.4% | -6.3% | -6.1% | -11.2% |
| Supplementary Data | ||||||||||||||||
| EPS | 0.42 | -39.48 | -10.26 | -3.21 | -18.99 | -47.88 | -10.56 | -2.82 | 2.04 | -0.57 | -4.89 | -0.30 | 0.09 | -0.78 | -0.48 | -0.45 |
| Diluted EPS | 0.42 | -39.48 | -10.26 | -3.21 | -18.99 | -47.88 | -10.56 | -2.82 | 1.98 | -0.57 | -4.89 | -0.30 | 0.09 | -0.78 | -0.48 | -0.45 |
| Weighted Average OS | 298.63M | 231.77M | 231.67M | 231.53M | 230.42M | 229.18M | 227.30M | 225.13M | 210.39M | 219.97M | 219.97M | 219.97M | 219.97M | 219.97M | 219.97M | 219.97M |
| EBITDA | $1.18B | $1.15B | $915.29M | $1.11B | $112.22M | -$1.4B | $658.74M | $539.73M | $450.42M | $184.69M | -$34.38M | $119.75M | $130.18M | $19.17M | $19.11M | $1.13M |
| EBITDA Margin | 27.4% | 29.8% | 24.9% | 35.2% | 5.7% | -122.9% | 29.1% | 30.1% | 29.5% | 14.0% | -2.8% | 10.4% | 12.6% | 3.6% | 5.6% | 0.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $104.83M | $239.77M | $375.97M | $132.44M | $609.1M | $607.32M | $326.55M | $231.67M | $151.06M | $108.82M | $126.13M | $77.08M | $108.25M | $53.72M | $26.09M | $19.2M |
| Short-Term Investments | $96.78M | $14.25M | $0 | $145K | $283K | $18.19M | $12.29M | $102.53M | $207.06M | $76.22M | $21.91M | $99.05M | $39.6M | $19.11M | $8.06M | $2.13M |
| Cash and Short-Term Investments | $201.61M | $254.02M | $375.97M | $132.44M | $609.38M | $625.51M | $338.83M | $334.19M | $358.11M | $185.04M | $148.04M | $174.84M | $147.85M | $72.84M | $34.15M | $21.33M |
| Accounts Receivable | $580.53M | $392.22M | $266.21M | $371.39M | $234.58M | $224.42M | $273.58M | $282.69M | $192.65M | $142.24M | $137.32M | $136.05M | $86.15M | $84.52M | $52.86M | $14.81M |
| Inventory | $266.22M | $186.98M | $158.37M | $169.35M | $113.33M | $79.78M | $51.7M | $39.65M | $29.8M | $21.22M | $18.32M | $17.46M | $16.84M | $13.27M | $3.76M | $2.02M |
| Other Current Assets | $200.11M | $168.45M | $52.99M | $64.98M | $31.05M | $116.78M | $156.01M | $51.83M | $63.83M | $10.73M | $42.67M | $16.6M | $5.06M | $23.06M | $3.05M | $117K |
| Total Current Assets | $1.25B | $1.12B | $999.54M | $965.42M | $1.16B | $1.07B | $820.12M | $731.24M | $686.56M | $378.55M | $367.61M | $361.63M | $266.41M | $200.53M | $98.17M | $39.05M |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $2.55B | $2.67B | $2.24B | $1.88B | $1.58B | $1.27B | $1.89B | $651.78M | $658.98M | $681.66M | $704.06M | $494.92M | $521.92M | $491.05M | $261.98M | $180.58M |
| Goodwill | $178.53M | $178.62M | $178.62M | $178.62M | $178.62M | $160.7M | $149.31M | $149.31M | $149.31M | $149.31M | $149.31M | $149.31M | $149.31M | $149.31M | $0 | $0 |
| Intangible Assets | $125.69M | $130.43M | $111.33M | $104.05M | $90.48M | $71.2M | $66.18M | $52.13M | $41.12M | $37.47M | $33.65M | $27.17M | $25.73M | $22.06M | $3.3M | $2.41M |
| Long-Term Investments | $5.83M | $206.18M | $154.63M | $145.26M | $179.67M | $169.32M | $276.97M | $255.19M | $165.66M | $170.78M | $2.13M | $153.84M | $13.52M | $3.08M | $3.84M | $8.19M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $568.75M | $901.23M | $383.99M | $432.81M | $487.79M | $384.8M | $598.44M | $1.35B | $1.06B | $246.84M | $296.65M | $49.47M | $135.34M | $75.57M | $21.9M | $12.3M |
| Total Long-Term Assets | $3.43B | $4.09B | $3.07B | $2.74B | $2.51B | $2.06B | $2.98B | $2.46B | $2.07B | $1.29B | $1.19B | $874.72M | $845.82M | $741.07M | $291.01M | $203.48M |
| Other Assets | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.68B | $5.21B | $4.07B | $3.71B | $3.67B | $3.13B | $3.8B | $3.19B | $2.76B | $1.66B | $1.55B | $1.24B | $1.11B | $941.61M | $389.18M | $242.54M |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $778.61M | $821.81M | $451.37M | $498.93M | $304.01M | $403.41M | $260.27M | $235M | $192.56M | $204.96M | $208.49M | $174.74M | $137.52M | $92M | $39.12M | $19.26M |
| Short-Term Debt | $3.41B | $462.01M | $280.73M | $372.75M | $202.79M | $170.09M | $95.36M | $31.47M | $83.07M | $204.08M | $313.13M | $112.48M | $155.32M | $148.11M | $32.84M | $14.53M |
| Current Income Tax Payable | $0 | $140.65M | $144.77M | $203.21M | $130.08M | $38.11M | $12.4M | $13.22M | $10.74M | $14.13M | $20.27M | $18.18M | $18.66M | $17.89M | $2.68M | $2.12M |
| Current Unearned Revenue | $1.24B | $1.25B | $1.03B | $820.38M | $607.12M | $493.19M | $414.99M | $331.42M | $255.11M | $188.12M | $173.95M | $164.8M | $121.22M | $77.51M | $27.06M | $18.81M |
| Other Current Liabilities | $278.69M | $199.16M | $189.38M | $195.45M | $351.25M | $376.26M | $181.87M | $133.76M | $39.68M | $63.81M | $69.98M | $55.93M | $47.91M | $25.63M | $1.36M | $6.43M |
| Total Current Liabilities | $5.84B | $4.23B | $2.92B | $2.98B | $2.32B | $2.02B | $1.36B | $1.05B | $816.05M | $716.87M | $804.49M | $565.44M | $521.49M | $390.17M | $115.57M | $66.73M |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $1.84B | $2.74B | $1.94B | $1.49B | $1.78B | $1.29B | $601.79M | $514.68M | $427.87M | $604.24M | $705.77M | $533.36M | $446.03M | $444.22M | $252.43M | $140.07M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $38.34M | $0 | $7.83M | $0 | $0 | $0 | $48.06M | $58.1M | $28.16M | $0 | $0 | $23.3M | $29.98M | $16.42M | $547K | $0 |
| Other Long-Term Liabilities | $866.58M | $1.28B | $1.16B | $912.94M | $944.82M | $590.5M | $406.98M | $276.66M | $289.26M | $144.96M | $120.85M | $31.72M | $20.34M | $21.24M | $9.07M | $93K |
| Total Long-Term Liabilities | $4.6B | $7.01B | $5.37B | $4.49B | $4.98B | $3.91B | $3.14B | $2.37B | $2.02B | $749.19M | $826.62M | $588.38M | $496.35M | $481.88M | $262.04M | $140.16M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.43B | $11.24B | $8.3B | $7.48B | $7.31B | $5.93B | $4.5B | $3.42B | $2.84B | $1.47B | $1.63B | $1.15B | $1.02B | $872.05M | $377.62M | $206.9M |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.41B | $458.86M | $458.7M | $458.53M | $453.96M | $445.14M | $444.51M | $437.81M | $428.7M | $294.98M | $95M | $93.93M | $93.92M | $93.92M | $79.4M | $79.4M |
| Retained Earnings | -$6.87B | -$6.9B | -$5.09B | -$4.61B | -$4.47B | -$3.64B | -$1.49B | -$165.7M | -$240.72M | -$345.55M | -$320.52M | -$107.52M | -$94.63M | -$98.73M | -$64.88M | -$43.98M |
| Comprehensive Income & Other | -$278.04M | $410.57M | $402.8M | $391.44M | $386.86M | $386.12M | $350.64M | $356.9M | $374.06M | $249.12M | $147.8M | $96.12M | $95.09M | $74.37M | -$2.96M | $220K |
| Other Stockholders' Equity | -$292.39M | $409.71M | $401.17M | $389.43M | $384.51M | $387.6M | $347.55M | -$500M | $373.53M | $249.12M | $147.8M | $96.12M | $95.09M | $74.37M | -$2.96M | $220K |
| Total Equity | -$5.75B | -$6.03B | -$4.23B | -$3.77B | -$3.63B | -$2.8B | -$697.38M | -$227.89M | $561.5M | $198.55M | -$77.71M | $82.53M | $94.39M | $69.56M | $11.57M | $35.64M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.68B | $5.21B | $4.07B | $3.71B | $3.67B | $3.13B | $3.8B | $3.19B | $3.4B | $1.66B | $1.55B | $1.24B | $1.11B | $941.61M | $389.18M | $242.54M |
| Supplementary Data | ||||||||||||||||
| Total Debt | $7.1B | $7.44B | $5.22B | $4.75B | $4.94B | $3.94B | $3.1B | $2.31B | $1.97B | $808.32M | $1.02B | $645.84M | $601.35M | $592.33M | $285.27M | $154.6M |
| Net Debt | $7B | $7.2B | $4.84B | $4.62B | $4.33B | $3.33B | $2.77B | $2.08B | $1.82B | $699.5M | $892.77M | $568.76M | $493.1M | $538.61M | $259.18M | $135.4M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Operating Activities | ||||||||||||||||
| Net Income | $24.26M | -$1.81B | -$471.71M | -$143.14M | -$834.88M | -$2.15B | -$476.19M | -$125.98M | $84.12M | -$25.03M | -$213M | -$12.89M | $4.1M | -$33.85M | -$20.9M | -$19.33M |
| Depreciation & Amortization | $597.13M | $508.08M | $476.42M | $415.03M | $306.02M | $357.79M | $321.48M | $254.45M | $210.72M | $59.69M | $43.2M | $39.19M | $37.4M | $21.01M | $17.35M | $10.16M |
| Deferred Income Tax | $0 | $0 | $7.83M | $0 | $0 | $0 | -$26.83M | $33.81M | $14.21M | $26.8M | -$773K | -$5.31M | -$1.18M | -$223K | $0 | $0 |
| Stock-Based Compensation | $0 | $8.61M | $14.2M | -$3.62M | $3.4M | $10.26M | $6.39M | $4.78M | $5.58M | $1.96M | $1.95M | $1.26M | $325K | $745K | $893K | $446K |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$202.35M | -$61.89M | $173.78M | -$219.38M | -$53.57M | $67.72M | -$19.58M | -$31.79M | -$48.1M | -$3.99M | $125K | -$43.65M | -$3.78M | -$6.16M | -$38.4M | -$1.55M |
| Inventory | -$11.86M | -$31.59M | -$602.79M | -$156.33M | -$48.76M | -$7.4M | -$15.56M | -$10.5M | -$7.35M | -$3.48M | -$601K | -$975K | -$5.55M | -$1.7M | -$2.08M | -$560K |
| Accounts Payable | -$154.67M | $631.2M | $553.97M | $450.62M | -$47.04M | $51.46M | $34.6M | $60.52M | -$18.53M | -$3.53M | $33.75M | $37.22M | $45.52M | -$16.31M | $19.86M | $9.57M |
| Other Working Capital | -$192.22M | -$423.84M | $99.17M | -$467.44M | -$44.41M | -$7.79M | -$49.22M | -$206.75M | -$13.66M | $69.92M | -$76.69M | -$62.23M | -$90.27M | $16.31M | $3.35M | $5.6M |
| Total Working Capital Change | -$561.1M | $113.88M | $224.13M | -$392.54M | -$193.77M | $103.99M | -$49.76M | -$188.52M | -$87.64M | $58.93M | -$43.42M | -$69.64M | -$54.08M | -$7.86M | -$17.26M | $13.07M |
| Other Non-Cash Items | -$299.72M | $1.74B | $430.74M | $607.24M | $657.68M | $1.87B | $739.05M | $371.2M | -$26M | -$111.65M | $133.26M | $106.35M | $135.36M | $16.62M | $8.31M | -$1.92M |
| Net Cash from Operating | -$239.44M | $552.27M | $681.61M | $482.98M | -$61.55M | $193.45M | $514.15M | $349.73M | $200.98M | $10.7M | -$78.79M | $58.96M | $121.92M | -$3.56M | -$11.61M | $2.41M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$75.14M | -$249.45M | -$125.5M | -$123.7M | -$123.71M | -$67.98M | -$282.96M | -$215.29M | -$137.73M | -$76.45M | -$236.53M | -$88.73M | -$73.73M | -$86.08M | -$99.69M | -$76.99M |
| Acquisitions | $1.41M | $0 | $0 | -$6.01M | -$3.96M | -$7.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $99.69M | $0 |
| Purchases of Investments | -$4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$727.98M | $0 | $0 | $0 | $0 | $0 | -$1.8M | -$6.22M |
| Sales of Investments | $0 | $1.23M | $0 | $2.45M | $0 | $0 | $0 | $0 | $649.99M | $0 | $0 | $0 | $0 | $0 | $429K | $0 |
| Other Investing Activities | -$33.37M | -$62.03M | -$47.79M | $463K | -$8.05M | -$4.37M | $47.79M | $161.02M | $1.43M | -$51.23M | $129.03M | -$50.27M | -$19.91M | $8.41M | -$99.69M | $0 |
| Net Cash from Investing | -$111.39M | -$310.25M | -$173.29M | -$126.79M | -$135.72M | -$80.02M | -$235.18M | -$54.26M | -$214.28M | -$127.68M | -$107.5M | -$139M | -$93.64M | -$77.67M | -$101.06M | -$83.21M |
| Financing Activities | ||||||||||||||||
| Debt Repaid | - | $260.84M | $13.79M | $672.11M | -$174.47M | -$180.27M | $185.96M | $235.16M | $186.35M | $112.84M | -$168.06M | -$48.86M | $6.35M | -$108.86M | -$119.55M | -$66.97M |
| Common Stock Issuance | $1.59M | $0 | $162K | $4.55M | $0 | $4.71M | $7.48M | $0 | $0 | $0 | $62.02M | $6K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$777 | -$514K | -$1.35M | -$777K | -$3.21M | $0 | -$2.55M | -$2.41M | -$9.39M | -$68.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$593.34M | -$119.13M | -$260.88M | -$164.64M | -$10.23M | $0 | $7.48M | $9.44M | $3.55M | $285.83M | -$2K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $331.99M | -$380.49M | -$276.02M | -$832.98M | $161.03M | $184.98M | -$181.02M | -$228.14M | $48.24M | $104.36M | $230.08M | $48.87M | $26.25M | $108.86M | $119.55M | $66.97M |
| Forex Effect | $42.42M | $2.26M | $11.24M | $133K | $38.02M | -$17.63M | -$3.09M | $13.28M | $7.3M | -$4.68M | $5.26M | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $23.58M | -$136.2M | $243.53M | -$476.66M | $1.78M | $280.78M | $94.87M | $80.61M | $42.24M | -$17.31M | $49.05M | -$31.18M | $54.53M | $27.63M | $6.89M | -$13.83M |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | -$239.44M | $552.27M | $681.61M | $482.98M | -$61.55M | $193.45M | $514.15M | $349.73M | $200.98M | $10.7M | -$78.79M | $58.96M | $121.92M | -$3.56M | -$11.61M | $2.41M |
| Capital Expenditure | -$38.55M | -$249.45M | -$159.19M | -$248.2M | -$123.71M | -$67.98M | -$282.96M | -$215.29M | -$137.73M | -$76.45M | -$236.53M | -$88.73M | -$73.73M | -$86.08M | -$99.69M | -$76.99M |
| Free Cash Flow | -$277.98M | $302.82M | $522.42M | $234.78M | -$185.26M | $125.47M | $231.19M | $134.44M | $63.25M | -$65.76M | -$315.32M | -$29.77M | $48.19M | -$89.64M | -$111.3M | -$74.58M |
| Cash at Beginning | $81.25M | $375.97M | $132.44M | $609.1M | $607.32M | $326.54M | $231.67M | $151.06M | $108.82M | $126.13M | $77.08M | $108.25M | $53.72M | $26.09M | $19.2M | $33.03M |
| Cash at End | $104.83M | $239.77M | $375.97M | $132.44M | $609.1M | $607.32M | $326.54M | $231.67M | $151.06M | $108.82M | $126.13M | $77.08M | $108.25M | $53.72M | $26.09M | $19.2M |