Azul (AZUL) Financials

$0.72 -0.01 (-0.99%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$0.73 +0.01 (+0.83%)

As of 05:21 AM Eastern

Annual Income Statements for Azul

This table shows Azul's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-271	-3.49	128	-164	-598	-2,086	-756	-137	-491	-1,480
Consolidated Net Income / (Loss)	-271	-39	128	-164	-598	-2,086	-756	-137	-491	-1,480
Net Income / (Loss) Continuing Operations	-271	-3.49	128	-164	-598	-2,086	-756	-137	-491	-1,486
Total Pre-Tax Income	-272	-53	125	-117	-631	-2,133	-756	-137	-482	-1,486
Total Operating Income	-42	106	375	308	-297	-407	8.90	270	342	548
Total Gross Profit	1,000	1,350	1,620	1,500	1,899	141	586	976	1,525	2,081
Total Revenue	1,581	1,965	2,326	2,334	2,847	849	1,703	2,876	3,639	3,158
Operating Revenue	1,581	1,965	2,326	2,334	2,847	849	1,703	2,876	3,639	3,158
Total Cost of Revenue	581	616	706	834	948	708	1,118	1,900	2,114	1,077
Operating Cost of Revenue	581	616	706	834	948	708	1,118	1,900	2,114	1,077
Total Operating Expenses	1,042	1,244	1,245	1,192	2,196	548	577	706	1,183	1,543
Selling, General & Admin Expense	799	318	646	530	672	-	-	-	-	709
Marketing Expense	65	-	93	95	110	63	72	132	161	144
Depreciation Expense	55	93	321	331	404	348	277	396	496	415
Other Operating Expenses / (Income)	122	833	185	236	290	283	420	386	577	275
Total Other Income / (Expense), net	-230	-159	-250	-424	-334	-1,726	-765	-407	-825	-2,034
Other Income / (Expense), net	-230	-159	-250	-424	-334	-1,726	-765	-407	-825	-2,034
Weighted Average Basic Shares Outstanding	-	-	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B
Diluted Earnings per Share	($5.49)	-	$0.40	($1.91)	($7.14)	-	-	-	-	($4.31)
Weighted Average Diluted Shares Outstanding	-	-	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B
Weighted Average Basic & Diluted Shares Outstanding	-	-	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B

No quarterly income statements for Azul are available.

This table details how cash moves in and out of Azul's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-67	-74	64	105	119	19	-997	-948	-423	-1,646
Net Cash From Operating Activities	172	-119	306	-455	646	188	-549	-358	239	-1,070
Net Cash From Continuing Operating Activities	172	-119	308	455	649	-66	-549	-358	239	-1,070
Net Income / (Loss) Continuing Operations	-271	-39	128	-164	-598	-2,086	-756	-137	-491	-1,480
Consolidated Net Income / (Loss)	-271	-39	128	-164	-598	-2,086	-756	-137	-491	-1,480
Depreciation Expense	55	93	321	331	404	348	277	396	496	415
Non-Cash Adjustments To Reconcile Net Income	349	-303	220	583	1,009	1,718	6.92	-785	-722	-710
Changes in Operating Assets and Liabilities, net	39	130	-362	-295	-166	-45	-77	167	956	705
Net Cash From Investing Activities	-239	45	-326	-71	-295	-78	-116	-124	-96	-110
Net Cash From Continuing Investing Activities	-239	45	-327	-71	-295	-78	-116	-124	-96	-110
Purchase of Property, Plant & Equipment	-301	-119	-227	-306	-388	-66	-112	-118	-96	-110
Acquisitions	-	-	-	0.00	0.00	-7.45	-3.59	-5.74	0.00	0.00
Net Cash From Financing Activities	0.00	0.00	74	-297	-227	180	-333	-466	-566	-466
Net Cash From Continuing Financing Activities	0.00	0.00	74	-297	-227	180	-333	-466	-566	-466
Repayment of Debt	-	-	-633	-236	-385	-198	-323	-525	-485	-453
Other Financing Activities, net	-	0.00	-235	-267	9.40	0.00	-9.76	58	-81	-12
Cash Interest Paid	73	105	-	-	-	-	112	221	355	335

No quarterly cash flow statements for Azul are available.

This table presents Azul's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,582	4,202	4,148	4,777	3,041	3,324	3,542	4,232	4,249
Total Current Assets	587	1,046	951	1,030	1,043	1,049	922	1,040	915
Cash & Equivalents	169	230	301	410	590	551	126	391	196
Short-Term Investments	107	316	135	57	33	15	6.82	4.52	0.00
Accounts Receivable	207	276	294	309	169	179	341	229	287
Inventories, net	33	45	52	78	155	103	137	165	153
Current Deferred & Refundable Income Taxes	14	34	73	35	26	20	44	45	33
Other Current Assets	11	99	29	106	4.97	13	36	51	137
Plant, Property, & Equipment, net	1,057	568	475	2,377	346	352	369	473	491
Plant, Property & Equipment, gross	1,057	568	475	2,377	346	352	369	473	491
Total Noncurrent Assets	673	2,588	928	1,370	1,651	1,888	2,230	2,716	2,675
Intangible Assets	290	290	262	271	225	244	270	302	252
Noncurrent Deferred & Refundable Income Taxes	-	0.00	0.00	61	-	-	-	-	5.84
Other Noncurrent Operating Assets	383	1,952	260	640	1,225	1,482	1,822	2,253	2,417
Total Liabilities & Shareholders' Equity	2,582	4,202	4,148	4,777	3,041	3,324	3,542	4,232	4,249
Total Liabilities	2,274	4,320	4,444	5,652	5,738	5,840	5,836	6,944	7,734
Total Current Liabilities	1,112	1,243	1,360	1,707	1,966	2,101	2,848	3,040	3,451
Short-Term Debt	303	127	41	120	165	184	211	227	357
Accounts Payable	325	301	383	417	471	275	619	529	671
Current Deferred & Payable Income Tax Liabilities	20	2.95	2.51	3.35	2.57	27	37	29	20
Other Taxes Payable	-	13	15	12	11	-	91	98	82
Other Current Liabilities	99	337	425	545	691	844	948	957	1,184
Total Noncurrent Liabilities	1,162	3,077	3,084	3,945	3,799	4,512	4,289	5,588	5,719
Long-Term Debt	937	652	669	756	1,252	1,651	1,158	1,772	2,066
Capital Lease Obligations	-	1,941	1,980	2,618	1,973	2,044	1,997	2,362	2,436
Noncurrent Deferred & Payable Income Tax Liabilities	56	43	76	60	-	18	14	31	32
Other Noncurrent Operating Liabilities	146	441	360	511	574	715	763	939	886
Total Equity & Noncontrolling Interests	308	-118	-296	-876	-2,724	-3,288	-3,596	-4,396	-4,922
Total Preferred & Common Equity	308	-118	-296	-876	-2,724	-3,289	-3,596	-4,396	-4,922
Total Common Equity	308	-118	-296	-876	-2,724	-3,289	-3,596	-4,396	-4,922
Common Stock	458	653	569	558	436	411	438	477	374
Retained Earnings	-536	-1,339	-1,318	-1,870	-3,533	-4,047	-4,405	-5,290	-5,630
Treasury Stock	0.00	-0.83	-2.72	-3.87	-2.54	-2.15	-1.93	-1.86	-0.70
Accumulated Other Comprehensive Income / (Loss)	-10	-4.43	-40	-40	0.13	1.04	1.00	0.64	0.96
Other Equity Adjustments	397	573	494	480	375	349	373	418	334

No quarterly balance sheets for Azul are available.

This table displays calculated financial ratios and metrics derived from Azul's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	24.35%	18.36%	0.33%	21.98%	-70.19%	100.66%	68.87%	26.53%	-4.12%
EBITDA Growth	0.00%	118.18%	1,030.25%	-51.99%	-206.17%	-684.96%	73.18%	154.22%	-94.97%	-8,314.26%
EBIT Growth	0.00%	80.48%	335.39%	-193.35%	-440.66%	-237.93%	64.56%	81.92%	-253.04%	-208.03%
NOPAT Growth	0.00%	350.01%	419.21%	-44.02%	-196.70%	-36.76%	102.19%	2,938.65%	26.59%	167.39%
Net Income Growth	0.00%	85.70%	430.10%	-227.82%	-264.97%	-248.85%	63.77%	81.92%	-259.00%	-201.64%
EPS Growth	0.00%	0.00%	0.00%	-572.19%	-273.82%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	-169.40%	357.04%	-248.53%	241.94%	-70.89%	-391.93%	34.69%	166.62%	-548.42%
Free Cash Flow Firm Growth	0.00%	0.00%	53.97%	625.36%	-199.78%	172.75%	-134.90%	120.40%	-226.64%	143.65%
Invested Capital Growth	0.00%	0.00%	81.33%	-111.44%	975.43%	-105.27%	599.60%	15.71%	70.18%	-3.52%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	126.49%	68.67%	69.65%	64.27%	66.70%	16.64%	34.39%	33.94%	41.91%	65.90%
EBITDA Margin	-27.47%	2.01%	19.18%	9.18%	-7.99%	-210.30%	-28.11%	9.03%	0.36%	-33.93%
Operating Margin	-5.36%	5.38%	16.13%	13.18%	-10.45%	-47.93%	0.52%	9.40%	9.41%	17.36%
EBIT Margin	-24.35%	-2.70%	5.37%	-5.00%	-22.17%	-251.25%	-44.37%	-4.75%	-13.26%	-47.07%
Profit (Net Income) Margin	-34.35%	-3.87%	5.51%	-7.02%	-21.00%	-245.75%	-44.37%	-4.75%	-13.48%	-46.87%
Tax Burden Percent	199.54%	146.20%	102.51%	140.36%	94.75%	97.81%	100.00%	100.00%	101.69%	99.58%
Interest Burden Percent	347.85%	200.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	-2.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	14.92%	27.54%	27.01%	-26.08%	-33.35%	3.29%	37.02%	32.33%	41.84%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-18.05%	7.84%	-10.74%	-54.23%	-101.22%	-20.56%	28.77%	16.92%	8.42%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-40.14%	107.40%	52.06%	128.12%	149.25%	21.85%	-33.05%	-20.05%	-10.07%
Return on Equity (ROE)	0.00%	-25.21%	269.89%	79.07%	102.04%	115.90%	25.14%	3.97%	12.28%	31.77%
Cash Return on Invested Capital (CROIC)	0.00%	-185.08%	-30.28%	0.00%	-122.97%	0.00%	-118.70%	22.45%	-19.62%	45.42%
Operating Return on Assets (OROA)	0.00%	-1.32%	20.36%	-5.59%	-14.14%	-54.56%	-23.75%	-3.98%	-12.41%	-35.05%
Return on Assets (ROA)	0.00%	-3.01%	14.05%	-7.85%	-13.40%	-53.37%	-23.75%	-3.98%	-12.62%	-34.90%
Return on Common Equity (ROCE)	0.00%	-33.90%	269.89%	158.13%	102.04%	115.90%	25.14%	3.97%	12.28%	31.77%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-16.90%	-217.16%	55.28%	68.29%	76.58%	22.98%	3.80%	11.16%	30.07%
Net Operating Profit after Tax (NOPAT)	-30	74	385	215	-208	-285	6.23	189	240	384
NOPAT Margin	-1.87%	3.77%	16.53%	9.23%	-7.31%	-33.55%	0.37%	6.58%	6.59%	12.16%
Net Nonoperating Expense Percent (NNEP)	0.00%	4,305.82%	121.56%	37.75%	28.15%	67.88%	23.84%	8.24%	15.42%	33.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-609.78%
Cost of Revenue to Revenue	94.51%	565.82%	30.35%	35.73%	33.30%	83.36%	65.61%	66.06%	58.09%	34.10%
SG&A Expenses to Revenue	101.16%	460.25%	27.75%	22.73%	23.59%	0.00%	0.00%	0.00%	0.00%	22.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	134.21%	128.10%	53.52%	51.09%	77.14%	64.57%	33.86%	24.54%	32.51%	48.86%
Earnings before Interest and Taxes (EBIT)	-272	-53	125	-117	-631	-2,133	-756	-137	-482	-1,486
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-217	39	446	214	-227	-1,785	-479	260	13	-1,072
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	4.95	4.66	11.28	3.26	0.89	1.12	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	8.84	0.00	18.34	10.33	8.45	5.96
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	5.77	5.60	14.35	5.11	1.97	2.17	1.70
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	62.87	0.00	0.00	0.00	21.82	604.76	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	62.54	0.00	0.00	1,395.78	29.92	32.92	13.98
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	24.68	64.78	0.00	0.00	33.05	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	6.06	0.00	7.55	0.00	49.33	0.00	12.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	8.05	-21.66	-4.71	-3.99	-1.24	-1.18	-0.94	-0.99	-0.99
Long-Term Debt to Equity	0.00	6.09	-20.58	-4.58	-3.85	-1.18	-1.12	-0.88	-0.94	-0.91
Financial Leverage	0.00	2.22	27.41	-4.85	-2.36	-1.47	-1.06	-1.15	-1.19	-1.20
Leverage Ratio	0.00	16.77	71.43	-0.20	-7.61	-2.17	-1.06	-1.00	-0.97	-0.91
Compound Leverage Factor	0.00	16.77	71.43	-0.20	-7.61	-2.17	-1.06	-1.00	-0.97	-0.91
Debt to Total Capital	0.00%	160.21%	209.08%	224.76%	133.45%	508.90%	657.54%	-1,460.66%	-12,451.92%	-7,719.41%
Short-Term Debt to Total Capital	0.00%	39.12%	9.73%	3.42%	4.57%	24.81%	31.12%	-91.38%	-647.40%	-567.07%
Long-Term Debt to Total Capital	0.00%	121.09%	199.34%	221.34%	128.88%	484.09%	626.42%	-1,369.28%	-11,804.52%	-7,152.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	119.89%	37.44%	0.00%	-33.45%	-408.90%	-557.55%	1,560.66%	12,552.39%	7,819.41%
Debt to EBITDA	0.00	31.42	12.19	12.56	-15.36	-1.90	-8.10	12.97	334.29	-4.53
Net Debt to EBITDA	0.00	24.43	8.60	17.94	-11.78	-1.46	-6.58	11.92	291.63	-4.35
Long-Term Debt to EBITDA	0.00	23.75	11.63	24.74	-14.84	-1.81	-7.72	12.15	316.91	-4.20
Debt to NOPAT	0.00	16.74	14.27	24.99	-16.78	-11.91	622.52	17.78	18.20	12.66
Net Debt to NOPAT	0.00	13.01	10.06	17.85	-12.86	-9.14	505.47	16.34	15.87	12.15
Long-Term Debt to NOPAT	0.00	12.65	13.60	24.61	-16.20	-11.33	593.05	16.67	17.25	11.73
Altman Z-Score	0.00	0.00	0.00	1.47	0.85	-3.03	-1.75	-1.45	-1.48	-2.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.53	1.68	1.40	0.60	0.53	0.50	0.32	0.34	0.27
Quick Ratio	0.00	0.43	1.35	1.08	0.45	0.41	0.35	0.17	0.21	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-919	-423	2,222	-2,217	1,613	-563	115	-145	417
Operating Cash Flow to CapEx	71.90%	0.00%	176.74%	-214.32%	172.86%	328.25%	-489.96%	-303.44%	249.45%	-971.62%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	3.54	0.69	0.56	0.64	0.22	0.54	0.84	0.94	0.74
Accounts Receivable Turnover	0.00	19.40	9.63	8.18	9.44	3.56	9.80	11.06	12.77	12.24
Inventory Turnover	0.00	37.40	18.03	17.20	14.66	6.08	8.68	15.89	14.03	6.79
Fixed Asset Turnover	0.00	3.80	2.86	4.48	2.00	0.62	4.88	7.98	8.64	6.55
Accounts Payable Turnover	0.00	1.89	2.26	2.44	2.37	1.59	2.99	4.25	3.68	1.79
Days Sales Outstanding (DSO)	0.00	522.84	285.14	44.61	38.67	102.62	37.24	33.01	28.58	29.81
Days Inventory Outstanding (DIO)	0.00	39.03	40.49	21.22	24.90	60.01	42.04	22.97	26.01	53.78
Days Payable Outstanding (DPO)	0.00	385.83	323.67	149.58	153.98	229.22	121.94	85.87	99.14	203.41
Cash Conversion Cycle (CCC)	0.00	224.64	-12.16	-83.74	-90.40	-66.59	-42.66	-29.89	-44.54	-119.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	993	1,800	-206	1,803	-95	474	549	934	901
Invested Capital Turnover	0.00	3.96	1.67	2.93	3.57	0.99	8.98	5.62	4.91	3.44
Increase / (Decrease) in Invested Capital	0.00	993	807	-2,006	2,009	-1,898	569	74	385	-33
Enterprise Value (EV)	0.00	0.00	0.00	13,466	15,931	12,176	8,696	5,665	7,889	5,367
Market Capitalization	0.00	0.00	0.00	11,544	13,253	9,573	5,547	2,572	4,085	704
Book Value per Share	$0.00	$0.00	($0.09)	($0.24)	($0.94)	($2.16)	($2.61)	($2.85)	($3.48)	($3.89)
Tangible Book Value per Share	$0.00	$0.00	($0.33)	($0.45)	($1.23)	($2.34)	($2.80)	($3.06)	($3.71)	($4.09)
Total Capital	0.00	1,548	2,601	2,394	2,618	666	590	-230	-35	-63
Total Debt	0.00	1,240	2,720	2,690	3,493	3,390	3,878	3,365	4,361	4,859
Total Long-Term Debt	0.00	937	2,593	2,649	3,374	3,225	3,695	3,155	4,134	4,502
Net Debt	0.00	964	1,918	1,922	2,678	2,603	3,149	3,093	3,804	4,663
Capital Expenditures (CapEx)	239	-45	173	212	373	57	112	118	96	110
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-498	-620	-804	-1,025	-1,381	-1,435	-1,849	-2,169	-2,375
Debt-free Net Working Capital (DFNWC)	0.00	-222	-71	-368	-558	-758	-868	-1,716	-1,773	-2,179
Net Working Capital (NWC)	0.00	-525	-197	-409	-678	-923	-1,052	-1,927	-2,000	-2,536
Net Nonoperating Expense (NNE)	242	113	256	379	390	1,801	762	326	730	1,864
Net Nonoperating Obligations (NNO)	0.00	685	1,918	90	2,678	2,629	3,763	4,144	5,329	5,823
Total Depreciation and Amortization (D&A)	55	93	321	331	404	348	277	396	496	415
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-25.34%	-53.26%	-68.90%	-36.01%	-162.69%	-84.25%	-64.30%	-59.60%	-75.22%
Debt-free Net Working Capital to Revenue	0.00%	-11.29%	-3.04%	-31.51%	-19.59%	-89.30%	-50.98%	-59.67%	-48.73%	-69.02%
Net Working Capital to Revenue	0.00%	-26.70%	-16.96%	-35.02%	-23.80%	-108.77%	-61.76%	-66.99%	-54.96%	-80.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($12.35)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.66	$0.00	$0.00	($32.09)	($12.35)	$0.00	$0.00	($4.31)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	1.25B	928.97M	1.26B	1.26B	1.26B	1.26B	1.26B	1.26B
Normalized Net Operating Profit after Tax (NOPAT)	-30	74	263	215	296	-387	-129	43	204	384
Normalized NOPAT Margin	-3.75%	3.77%	11.29%	9.23%	10.41%	-45.58%	-7.56%	1.50%	5.61%	12.16%
Pre Tax Income Margin	-34.43%	-2.70%	5.37%	-5.00%	-22.17%	-251.25%	-44.37%	-4.75%	-13.26%	-47.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	21.04%	0.00%	-0.53%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Azul are available.

Frequently Asked Questions About Azul's Financials

When does Azul's fiscal year end?

According to the most recent income statement we have on file, Azul's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Azul's net income changed over the last 9 years?

Azul's net income appears to be on an upward trend, with a most recent value of -$1.48 billion in 2024, rising from -$271.49 million in 2015. The previous period was -$490.60 million in 2023. See Azul's forecast for analyst expectations on what’s next for the company.

What is Azul's operating income?

Azul's total operating income in 2024 was $548.29 million, based on the following breakdown:

Total Gross Profit: $2.08 billion
Total Operating Expenses: $1.54 billion

How has Azul revenue changed over the last 9 years?

Over the last 9 years, Azul's total revenue changed from $1.58 billion in 2015 to $3.16 billion in 2024, a change of 99.8%.

How much debt does Azul have?

Azul's total liabilities were at $7.73 billion at the end of 2024, a 11.4% increase from 2023, and a 240.0% increase since 2016.

How much cash does Azul have?

In the past 8 years, Azul's cash and equivalents has ranged from $126.44 million in 2022 to $590.04 million in 2020, and is currently $195.67 million as of their latest financial filing in 2024.

How has Azul's book value per share changed over the last 9 years?

Over the last 9 years, Azul's book value per share changed from 0.00 in 2015 to -3.89 in 2024, a change of -389.2%.

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This page (NYSE:AZUL) was last updated on 5/6/2025 by MarketBeat.com Staff

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Azul (AZUL) Financials

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Azul (AZUL) Financials

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