Pacific Airport Group Files July 2024 6-K Report
Ticker: GPAEF · Form: 6-K · Filed: Jul 23, 2024 · CIK: 1347557
| Field | Detail |
|---|---|
| Company | Pacific Airport Group (GPAEF) |
| Form Type | 6-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.3 m, $1.4 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing, regulatory, foreign-issuer
Related Tickers: PAC
TL;DR
Pacific Airport Group (PAC) filed its July 6-K, confirming it's a Mexican issuer filing 20-F annual reports.
AI Summary
Grupo Aeroportuario del Pacífico (Pacific Airport Group) filed a Form 6-K on July 23, 2024, reporting for the month of July 2024. The company is incorporated in Mexico and its principal executive office is located in Guadalajara, Jalisco. Pacific Airport Group is required to file annual reports under Form 20-F.
Why It Matters
This filing provides routine updates for investors regarding Pacific Airport Group's reporting status and corporate information, ensuring transparency for stakeholders.
Risk Assessment
Risk Level: low — This is a routine filing that does not contain new financial or operational information, making the immediate risk low.
Key Players & Entities
- Grupo Aeroportuario del Pacífico (company) — Registrant
- Pacific Airport Group (company) — Registrant (English translation)
- 001-32751 (company) — SEC File Number
- 20240723 (date) — Filing Date
FAQ
What is the purpose of a Form 6-K filing?
A Form 6-K is a report of foreign private issuers required to be filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, providing information that the registrant makes or is required to make public in its home country or that is distributed or is required to be distributed to its security holders.
Which form does Pacific Airport Group file for its annual reports?
Pacific Airport Group files its annual reports under cover of Form 20-F.
Where is Pacific Airport Group's principal executive office located?
Pacific Airport Group's principal executive office is located at Avenida Mariano Otero No. 1249-B Torre Pacifico, Piso 6, Col. Rinconada del Bosque, 44530 Guadalajara, Jalisco, México.
What is the filing date of this Form 6-K?
This Form 6-K was filed on July 23, 2024.
What is the SIC code for Pacific Airport Group?
The Standard Industrial Classification (SIC) code for Pacific Airport Group is 4581, which corresponds to Airports, Flying Fields & Airport Terminal Services.
Filing Stats: 4,567 words · 18 min read · ~15 pages · Grade level 4.7 · Accepted 2024-07-23 06:11:09
Key Financial Figures
- $0.3 m — crease in revenues in U.S. dollars by US$0.3 million, or 24.6%, offset by the apprecia
- $1.4 m — Revenues in U.S. dollars increased by US$1.4 million, or 5.2%. 6M23 6M24 Change
Filing Documents
- f6k_072324.htm (6-K) — 923KB
- 0001171843-24-004071.txt ( ) — 924KB
Business
Business operated directly by us 62,936 72,549 15.3 % Other operating expenses 101,134 140,254 38.7 % Technical assistance fees 220,479 202,174 (8.3 %) Concession taxes 657,228 678,595 3.3 % Depreciation and amortization 621,155 687,351 10.7 % Cost of improvements to concession assets (IFRIC-12) 1,862,976 975,327 (47.6 %) Other (income) 7,652 (9,042 ) (218.2 %) Total operating costs 4,404,018 3,748,247 (14.9 %) Income from operations 3,955,623 3,510,775 (11.2 %) Financial Result (508,135 ) (663,157 ) 30.5 % Income before income taxes 3,447,488 2,847,618 (17.4 %) Income taxes (959,062 ) (594,903 ) (38.0 %) Net income 2,488,426 2,252,715 (9.5 %) Currency translation effect (381,807 ) 659,054 (272.6 %) Cash flow hedges, net of income tax (54,924 ) (20,164 ) (63.3 %) Remeasurements of employee benefit – net income tax 318 2,276 615.7 % Comprehensive income 2,052,013 2,893,881 41.0 % Non-controlling interest (4,355 ) (95,925 ) 2102.4 % Comprehensive income attributable to controlling interest 2,047,657 2,797,956 36.6 % 2Q23 2Q24 Change EBITDA 4,576,778 4,198,126 (8.3 %) Comprehensive income 2,052,013 2,893,881 41.0 % Comprehensive income per share (pesos) 4.0353 5.7273 41.9 % Comprehensive income per ADS (US dollars) 2.4372 3.4591 41.9 % Operating income margin 47.3 % 48.4 % 2.2 % Operating income margin (excluding IFRIC-12) 60.9 % 55.9 % (8.2 %) EBITDA margin 54.7 % 57.8 % 5.6 % EBITDA margin (excluding IFRIC-12) 70.4 % 66.8 % (5.2 %) Costs of services and improvements / total revenues 34.7 % 30.2 % (13.0 %) Cost of services / total revenues (excluding IFRIC-12) 15.9 % 19.3 % 21.3 % - Net income and comprehensive income per share for 2Q24 and 2Q23 were calculated based on 505,277,464 shares outstanding as of June 30, 2024, and June 30, 20
Business
Business operated directly by us 112,095 146,160 30.4 % Other operating expenses 34,173 229,420 571.4 % Technical assistance fees 442,717 426,536 (3.7 %) Concession taxes 1,266,621 1,393,211 10.0 % Depreciation and amortization 1,239,226 1,350,300 9.0 % Cost of improvements to concession assets (IFRIC-12) 3,703,338 2,813,789 (24.0 %) Other (income) 12,796 (12,392 ) (196.8 %) Total operating costs 8,665,865 8,257,212 (4.7 %) Income from operations 8,033,696 7,496,778 (6.7 %) Financial Result (1,182,435 ) (1,256,892 ) 6.3 % Income before income taxes 6,851,260 6,239,887 (8.9 %) Income taxes (1,797,604 ) (1,516,453 ) (15.6 %) Net income 5,053,656 4,723,435 (6.5 %) Currency translation effect (814,582 ) 367,782 (145.1 %) Cash flow hedges, net of income tax (37,751 ) (35,403 ) (6.2 %) Remeasurements of employee benefit – net income tax 599 2,229 272.1 % Comprehensive income 4,201,923 5,058,042 20.4 % Non-controlling interest (8,217 ) (127,642 ) 1453.4 % Comprehensive income attributable to controlling interest 4,193,707 4,930,402 17.6 % 6M23 6M24 Change EBITDA 9,272,922 8,847,079 (4.6 %) Comprehensive income 4,201,923 5,058,042 20.4 % Comprehensive income per share (pesos) 8.2632 10.0104 21.1 % Comprehensive income per ADS (US dollars) 4.9906 6.0459 21.1 % Operating income margin 48.1 % 47.6 % (1.1 %) Operating income margin (excluding IFRIC-12) 61.8 % 57.9 % (6.3 %) EBITDA margin 55.5 % 56.2 % 1.1 % EBITDA margin (excluding IFRIC-12) 71.4 % 68.4 % (4.2 %) Costs of services and improvements / total revenues 34.2 % 32.4 % (5.2 %) Cost of services / total revenues (excluding IFRIC-12) 15.4 % 17.7 % 14.7 % - Net income and comprehensive income per share for 6M24 and 6M23 were calculated based on 505,277,464 shares outstanding as of June 30, 2