Corporación América Airports S.A. (CAAP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 102.33M | 130.73M | 139M | 115.22M | 80.28M | 35.49M | 110.92M | 94.34M | 164.54M | 34.95M | 149.81M | 111.38M | 60.28M | 108.42M | 78.02M | 60.77M | 40.71M | 52.47M | 45.82M | 10.99M |
| Operating CF Margin % | 19.03% | 23.24% | 26.36% | 24.16% | 17.93% | 6.67% | 24.02% | 22.67% | 38% | 27.68% | 31.94% | 26.35% | 15.78% | 29.1% | 19.73% | 18.27% | 15.77% | 22.53% | 24.52% | 8.12% |
| Operating CF Growth % | 27.48% | 268.33% | 25.31% | 22.12% | -51.21% | 1.56% | -25.96% | -15.29% | 172.97% | -67.77% | 92.03% | 83.26% | 48.05% | 106.64% | 70.28% | 453.05% | 1167.77% | 566.37% | 1034.85% | 278.31% |
| Net Income | 80.44M | 117.47M | 54.37M | 49.34M | 39.24M | 37.78M | 14.68M | 50.23M | 169.67M | 91.95M | 46.48M | 68.75M | 32.32M | 7.63M | 57.23M | 75.51M | 27.8M | -23.14M | -15.04M | -34.86M |
| Depreciation & Amortization | 65M | 61.39M | 50.93M | 57.53M | 59.24M | 53.2M | 53.6M | 51.26M | 44.95M | 15.44M | 46.13M | 46.23M | 43.79M | 40.19M | 45.3M | 44.51M | 42.48M | 38.23M | 43.67M | 41.19M |
| Stock-Based Compensation | 1.41M | 394K | 284K | 0 | 405K | 270K | 0 | 0 | 321K | 313K | 0 | 162K | 580K | 188K | 0 | 138K | 341K | 0 | 0 | 0 |
| Deferred Taxes | 47.86M | 16.24M | 17.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -30.45M | -76.87M | 76.84M | 11.82M | 46.68M | 4.68M | 30.68M | 2.76M | 24.71M | -68.02M | 53.43M | -17.04M | 49.19M | 15.22M | -28.3M | -13.73M | 31.07M | 36.9M | 22.12M | 7.02M |
| Working Capital Changes | -61.93M | 12.1M | -61.3M | -3.47M | -65.29M | -60.45M | 11.97M | -9.9M | -75.11M | -4.73M | 3.77M | 13.27M | -65.61M | 45.19M | 3.79M | -45.66M | -60.96M | 480K | -4.93M | -2.36M |
| Change in Receivables | 19.4M | 3.53M | -40.17M | -22.68M | 356K | -68.85M | 57.1M | -18.27M | -38.83M | -32.43M | 17.33M | -13.89M | -3.44M | 6.54M | -25.93M | -25.54M | -10.14M | 0 | -17.63M | 5.03M |
| Change in Inventory | -2.54M | 194K | -3.65M | 2.12M | -1.13M | 5.01M | -5.84M | 3.77M | 2.07M | -1.55M | -3.53M | -193K | 3.73M | -3.28M | 2.69M | -2.32M | -656K | 129K | -2.52M | -1.2M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 10.46M | -14.95M | -32.04M | -21.36M | -3.56M | -6.61M | 4.83M | -29.47M | -1.24M | -25.39M | -42.38M | -9.2M | 10.57M | 1.84M | 42.07M | 56.22M | -90.75M | 23.3M | -2.4M | -12.33M |
| Capital Expenditures | -2.91M | -6M | -4.51M | -3.95M | -2.25M | -5.07M | -2.49M | -2.35M | -2.3M | -2.24M | -2.5M | -2.34M | -2.58M | -3.8M | -1.58M | -2.36M | -1.35M | -2.08M | -1.12M | -4.18M |
| CapEx % of Revenue | 0.54% | 1.07% | 0.85% | 0.83% | 0.5% | 0.95% | 0.54% | 0.56% | 0.53% | 1.77% | 0.53% | 0.55% | 0.68% | 1.02% | 0.4% | 0.71% | 0.52% | 0.89% | 0.6% | 3.09% |
| Acquisitions | 0 | -335K | -13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.14M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.95M | 124K | -228K | -17.41M | -1.32M | -1.54M | 7.32M | -27.12M | 1.06M | -23.15M | -39.88M | -6.86M | 13.15M | 5.64M | 43.65M | 58.58M | -89.4M | 26.52M | -1.28M | -8.15M |
| Cash from Financing | -42.45M | -51.08M | -64.14M | -47.68M | -71.76M | -91.5M | -42.79M | -80.53M | -56.37M | -60.8M | -47.17M | -42.63M | -51.02M | -61.17M | -99.47M | -233.69M | 160.05M | 86.39M | -31.41M | -46.41M |
| Debt Issued (Net) | -27.66M | -15.41M | -36.65M | -4.78M | -44.88M | 0 | 0 | -41.43M | -38.02M | -60.49M | -23.34M | -2.68M | -29.24M | -57.53M | 3.51M | -90.92M | 183.8M | 128.5M | -11.66M | -18.2M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -138.6M | -79.31M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -138.6M | -79.31M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -14.79M | -35.66M | -27.49M | -42.91M | -26.88M | -91.5M | -42.79M | -39.1M | -18.35M | -316K | -23.83M | -39.95M | -21.78M | -3.65M | -102.99M | -142.78M | -23.75M | -42.11M | -19.75M | -28.22M |
| Net Change in Cash | 73.47M | 52.37M | 43.58M | 48.19M | 8.77M | -71.04M | 71.47M | -30.43M | 99.99M | -99.09M | 20.44M | 47.41M | 15.82M | 36.91M | 13.44M | -143.63M | 102.76M | 157.73M | 7.77M | -45.59M |
| Free Cash Flow | 99M | 124M | 133.75M | 111.27M | 78.03M | 30.42M | 108.43M | 91.99M | 162.24M | 32.7M | 147.32M | 109.04M | 57.69M | 104.62M | 76.44M | 58.41M | 39.37M | 50.39M | 44.7M | 6.81M |
| FCF Margin % | 18.42% | 22.04% | 25.37% | 23.34% | 17.42% | 5.72% | 23.48% | 22.1% | 37.46% | 25.9% | 31.41% | 25.8% | 15.1% | 28.08% | 19.33% | 17.56% | 15.25% | 21.64% | 23.92% | 5.03% |
| FCF Growth % | 26.88% | 307.62% | 23.36% | 20.95% | -51.9% | -6.98% | -26.4% | -15.63% | 181.21% | -68.74% | 92.72% | 86.68% | 46.56% | 107.61% | 71% | 757.98% | 1058.95% | 757.35% | 671.83% | 188.45% |
| FCF per Share | 0.60 | 0.75 | 0.83 | 0.68 | 0.48 | 0.19 | 0.66 | 0.57 | 1.01 | 0.20 | 0.92 | 0.68 | 0.36 | 0.65 | 0.48 | 0.36 | 0.24 | 0.31 | 0.28 | 0.04 |
| FCF Conversion (FCF/Net Income) | 1.33x | 1.21x | 2.52x | 2.34x | 1.97x | 0.55x | 7.56x | 1.88x | 1.08x | 0.38x | 3.25x | 1.60x | 1.90x | 14.21x | 1.36x | 0.87x | 1.57x | -2.27x | -3.05x | -0.32x |
| Interest Paid | 0 | 0 | 0 | 34.02M | 14.71M | 29.14M | 16.25M | 31.3M | 19.48M | 11.55M | 18.63M | 32.67M | 20.93M | 29.99M | 21.3M | 37.74M | 22.35M | 30.2M | 20.87M | 27.46M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |