Company Information

  

Address: AVENIDA PRINCIPAL, COSTA DEL ESTE
COMPLEJO BUSINESS PARK, TORRE NORTE 
City: PANAMA CITY 
State:  
Zip Code: 00000 
Telephone: 011 507 227 2522 

Description of Business

Primary SIC Code: 4512
(As filed with the SEC)  

Copa was established in 1947 by a group of Panamanian investors and Pan American World Airways, which provided technical and economic assistance as well as capital. Initially, Copa served three domestic destinations in Panama with a fleet of three Douglas C-47 aircraft. In the 1960s, Copa began its international service with three weekly flights to cities in Costa Rica, Jamaica and Colombia using a small fleet of Avro 748s and Electra 188s. In 1971, Pan American World Airways sold its stake in Copa to a group of Panamanian investors who retained control of the airline until 1986. During the 1980s, Copa suspended its domestic service to focus on international flights. In 1986, CIASA purchased 99% of Copa, which was controlled by the group of Panamanian shareholders who currently control CIASA. From 1992 until 1998, Copa was a part of a commercial alliance with Grupo TACA's network of Central American airline carriers.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20164.880.51018.61
03/2016-5.880.510N/E
12/2015-5.130.840N/E
03/20157.320.84013.79
12/20148.370.96012.38
03/20149.880.96014.70
12/20139.630.73016.63
03/20137.75NA15.43

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-7.79Total Liab/Total Assets0.52
Net Inc/Total Assets0.09Total Liab/Inv Cap0.74
Net Inc/Inv Cap0.12Total Liab/Comm Equity-46.66
Pretax Inc/Net Sales0.17Interest Coverage RatioNA
Net Inc/Net Sales0.15Curr Debt/Equity0.12
Cash Flow/Net Sales0.27LTD/Equity0.52
SG&A/NetSales0.26Total Debt/Equity0.64
Asset Utilization   Liquidity  
Net Receivables Turnover20.21Quick Ratio1.11
Inventory Turnover17.76Current Ratio1.19
Inventory Day Sales0.04Net Rec/Curr Assets0.11
Net Sales/Work Cap13.00Inv/Curr Assets0.07
Net Sales/PP&E0.85  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 2,221.85 2,250.06 2,705.07 2,608.33
Cost of Goods Sold 1,214.43 1,282.11 1,488.86 1,389.11
Selling & Admin Exps 571.53 566.98 579.97 564.25
Operating Income 276.61 266.09 521.09 517.55
Interest Exp NA NA NA NA
Pretax Income 372.82 -192.22 398.31 488.57
Other Income 96.20 -458.30 -122.78 -28.98
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 334.54 -224.97 361.67 427.47

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 814.69 684.95 766.60 1,131.69
Receivables - Total 114.14 105.78 122.15 135.06
Inventories - Total 74.50 62.25 59.95 56.81
Total Current Assets 1,069.39 907.59 1,011.45 1,401.15
Net Property, Plant & Equipment 2,623.68 2,650.65 2,505.34 2,348.51
Total Assets 3,846.11 3,715.48 4,079.61 3,952.76
Liabilities        
Accounts Payable 270.44 369.16 385.84 304.08
Debt in Current Liabilities 222.72 245.51 187.65 156.33
Total Current Liabilities 898.44 985.67 981.50 1,038.85
Long-Term Debt 961.41 1,055.18 928.96 913.51
Total Liabilities 2,003.84 2,128.05 2,004.50 2,050.86
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 28.45 28.39 28.33 30.09
Retained Earnings 1,887.09 1,638.73 2,011.49 1,820.58
Treasury Stock -136.39 -136.39 -18.43 0.00
Total Stockholders' Equity 1,842.27 1,587.42 2,075.11 1,901.91
Total Liabilities and Stockholders' Equity 3,846.11 3,715.48 4,079.61 3,952.76

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 594.59 316.86 384.89 830.27
Net Cash Provided by Investing Activities -179.91 32.38 21.15 -565.72
Net Cash Provided by Financing Activities -248.63 -357.47 -316.42 -201.27

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20122,249.39326.487.35
12/20132,608.33427.479.63
12/20142,705.07361.678.37
12/20152,250.06-224.97-5.13
12/20162,221.85334.544.88
Growth Rates-0.31----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1727128,19290.40




Report Date : 12/11/2017

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