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Azul (AZUL) Financials

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Annual Income Statements for Azul

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

Quarterly Income Statements for Azul

No quarterly income statements for Azul are available.

Annual Cash Flow Statements for Azul

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

Quarterly Cash Flow Statements for Azul

No quarterly cash flow statements for Azul are available.

Annual Balance Sheets for Azul

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

Quarterly Balance Sheets for Azul

No quarterly balance sheets for Azul are available.

Annual Metrics And Ratios for Azul

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%

Quarterly Metrics And Ratios for Azul

No quarterly metrics and ratios for Azul are available.


Financials Breakdown Chart

Azul Financials - Frequently Asked Questions

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.

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.

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

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%.

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.

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.

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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Financial statements for NYSE:AZUL last updated on 4/30/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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