LATAM Airlines Group S.A. (LTM) 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 | 933.15M | 1.07B | 881.61M | 687.04M | 678.35M | 991.07M | 760.42M | 896.71M | 458.13M | 705.3M | 588.39M | 527.93M | 441.94M | -360.28M | 226.21M | 234.77M | -3.9M | 175.68M | 7.7M | -168.17M |
| Operating CF Margin % | 22.87% | 27.69% | 23.21% | 21.11% | 20.26% | 29.7% | 23.43% | 29.6% | 14.02% | 21.96% | 19.45% | 20.05% | 15.94% | -13.29% | 8.84% | 10.79% | -0.2% | 9.06% | 0.6% | -18.92% |
| Operating CF Growth % | 37.56% | 8.26% | 15.94% | -23.38% | 48.07% | 40.52% | 29.24% | 69.85% | 3.66% | 295.76% | 160.11% | 124.87% | 11440.39% | -305.08% | 2838.13% | 239.6% | 98.04% | 187.96% | 101.59% | -2019.05% |
| Net Income | 0 | 483.75M | 374.42M | 242.41M | 355.29M | 271.94M | 0 | 145.55M | 258.28M | 82.96M | 231.82M | 145.25M | 121.8M | 2.54B | -295.97M | -523.2M | -380.07M | 0 | 0 | 0 |
| Depreciation & Amortization | 0 | 186.39M | 446.61M | 428.74M | 388.9M | 138.62M | 0 | 326.26M | 332.82M | 100.58M | 302.37M | 272.49M | 263.61M | 127.22M | 288.99M | 269.43M | 279.59M | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 933.15M | 402.83M | 60.58M | 15.88M | -65.84M | 580.51M | 760.42M | 424.9M | -132.98M | 521.76M | 54.21M | 110.2M | 56.53M | -3.03B | 233.19M | 488.54M | 96.59M | 175.68M | 7.7M | -168.17M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -287.22M | -448.44M | -336.41M | -574.47M | -323.19M | -529.27M | -307.82M | -301.77M | -30.81M | -321.51M | -167.2M | -145.05M | -25.75M | -287.56M | -247.73M | -116.42M | -97.25M | -189.9M | -249.95M | -73.67M |
| Capital Expenditures | -319.98M | -497.78M | -362.13M | -589.21M | -370.27M | -545.46M | -352.25M | -325.28M | -102.48M | -377.12M | -200.52M | -174.72M | -111.48M | -333.96M | -257.46M | -141.84M | -97.39M | -231.19M | -272.34M | -58.41M |
| CapEx % of Revenue | 7.84% | 12.85% | 9.53% | 18.11% | 11.06% | 16.34% | 10.85% | 10.74% | 3.14% | 11.74% | 6.63% | 6.64% | 4.02% | 12.32% | 10.07% | 6.52% | 5.08% | 11.92% | 21.34% | 6.57% |
| Acquisitions | 0 | 0 | -213.34K | 71.45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.18M | 8.51M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 32.77M | 49.34M | 25.94M | 14.66M | 47.08M | 16.19M | 44.42M | 23.51M | 71.67M | 55.6M | 33.32M | 29.67M | 85.73M | 46.41M | 9.73M | 7.13M | -8.33M | 41.28M | 22.38M | -15.14M |
| Cash from Financing | -290.68M | -466.69M | -615.22M | -218.37M | -199.7M | -451.18M | -310.59M | -536.63M | -266.46M | -318.07M | -298.54M | -307.31M | -226.29M | 961.13M | -196.25M | -124.72M | 214.79M | 144.88M | -347.66M | 437.23M |
| Debt Issued (Net) | -65.59M | -159.45M | 25.42M | 338.62M | -107.84M | -1.92B | -137.09M | -154.06M | -137.38M | -122.94M | -188.34M | -117.04M | -139.05M | -2.19B | -146.18M | 170.3M | 233.3M | 168.15M | -323.51M | 460.86M |
| Equity Issued (Net) | 0 | -2.14M | -429.37M | -152.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -89.29M | -312.09M | 2.31M | -293.87M | -304K | 0 | 0 | -174.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -2.14M | -429.37M | -152.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -135.8M | 6.99M | -213.59M | -110.73M | -91.55M | 1.47B | -173.5M | -208.02M | -129.08M | -195.13M | -110.2M | -190.28M | -87.24M | 3.15B | -50.07M | -295.02M | -18.51M | -23.27M | -24.15M | -23.63M |
| Net Change in Cash | 390.64M | 135.69M | -49.97M | -79.38M | 188.51M | -52.42M | 156.85M | 1.99M | 136.61M | 85.27M | 104.27M | 109.81M | 198.75M | 319.49M | -236.17M | -45.56M | 132.07M | 116.65M | -604.78M | 204.53M |
| Free Cash Flow | 588.14M | 571.29M | 546.81M | 120.79M | 282.97M | 445.61M | 383.15M | 549.69M | 355.64M | 328.19M | 387.87M | 353.21M | 330.46M | -694.25M | -31.25M | 92.94M | -101.29M | -79.24M | -304.5M | -242.48M |
| FCF Margin % | 14.41% | 14.74% | 14.39% | 3.71% | 8.45% | 13.35% | 11.81% | 18.14% | 10.89% | 10.22% | 12.82% | 13.42% | 11.92% | -25.6% | -1.22% | 4.27% | -5.28% | -4.08% | -23.86% | -27.28% |
| FCF Growth % | 107.84% | 28.2% | 42.71% | -78.03% | -20.43% | 35.78% | -1.22% | 55.63% | 7.62% | 147.27% | 1341% | 280.06% | 426.24% | -776.15% | 89.74% | 138.33% | 54.9% | 69.48% | 43.46% | -124.87% |
| FCF per Share | 2.05 | 1.89 | 1.88 | 0.40 | 0.94 | 1.47 | 1.27 | 1.82 | 1.18 | 1.09 | 1.28 | 1.17 | 1.09 | -2.29 | -5.75 | 17.10 | -18.64 | -14.58 | -56.03 | -44.61 |
| FCF Conversion (FCF/Net Income) | 1.62x | 2.22x | 2.33x | 2.83x | 1.91x | 3.64x | 2.52x | 8.56x | 1.77x | 8.50x | 2.54x | 3.63x | 3.63x | -0.14x | -0.76x | -0.45x | 0.01x | -0.06x | -0.01x | 0.22x |
| Interest Paid | 0 | 177.34M | 0 | 0 | 0 | 225.1M | 0 | 0 | 129.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |