LATAM Airlines Group S.A. (LTM) financial statements (2021 and earlier)

Company profile

Business Address 2902 CORPORATE PLACE
CHANHASSEN, MN 55317
State of Incorp. MN
Fiscal Year End December 31
SIC 7997 - Membership Sports and Recreation Clubs (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9816
Cash and cash equivalents9816
Receivables2389
Inventory, net of allowances, customer advances and progress billings5
Inventory5  
Prepaid expense1619
Deferred costs554
Prepaid expense and other current assets27
Income taxes receivable7 
Deferred tax assets779
Other current assets32
Other undisclosed current assets404335
Total current assets:10999100
Noncurrent Assets
Property, plant and equipment2,4182,1051,859
Long-term investments and receivables554
Long-term investments554
Intangible assets, net (including goodwill)1047863
Goodwill614937
Intangible assets, net (excluding goodwill)432926
Restricted cash and investments112
Deferred costs18108
Other noncurrent assets4543
Prepaid expense and other noncurrent assets67
Other undisclosed noncurrent assets(17)(10)(31)
Total noncurrent assets:2,5732,2321,972
TOTAL ASSETS:2,6822,3312,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities141129126
Accounts payable352932
Accrued liabilities716763
Employee-related liabilities151412
Taxes payable181919
Interest and dividends payable2  
Debt222513
Deferred revenue and credits393535
Other undisclosed current liabilities(2)14(6)
Total current liabilities:201203168
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,178824692
Capital lease obligations4515
Other undisclosed long-term debt and lease obligation1,174819677
Liabilities, other than long-term debt143156139
Deferred revenue and credits313429
Deferred tax liabilities, net9710196
Other liabilities152115
Other undisclosed noncurrent liabilities54  
Total noncurrent liabilities:1,376980831
Total liabilities:1,5761,183999
Stockholders' equity
Stockholders' equity attributable to parent1,1051,1481,073
Common stock111
Additional paid in capital253402448
Accumulated other comprehensive loss(9)(6)(5)
Retained earnings861751629
Total stockholders' equity:1,1051,1481,073
TOTAL LIABILITIES AND EQUITY:2,6822,3312,072

Income statement (P&L) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
1,2911,2061,127
Cost of revenue(744)(696)(654)
Gross profit:546510473
Operating expenses(317)(286)(265)
Operating income:229225208
Nonoperating expense(41)(24)(24)
Interest and debt expense(3)  
Income from continuing operations before equity method investments, income taxes:185200184
Income from equity method investments111
Other undisclosed income (loss) from continuing operations before income taxes2(1)(1)
Income from continuing operations before income taxes:188200184
Income tax expense(74)(79)(73)
Net income available to common stockholders, diluted:114122112

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:114122112
Other comprehensive loss(4)(1)(2)
Comprehensive income, net of tax, attributable to parent:111121109

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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