Grupo Aeroportuario del Pacifico(PAC)2023-04-13 11:42Revenue Sources - Approximately 25.3%, 27.3%, and 28.1% of total revenues in 2020, 2021, and 2022, respectively, were derived from passenger charges for international passengers [1098]. Currency Exposure - As of December 31, 2022, 21% of aeronautical and non-aeronautical revenues were denominated in U.S. dollars, while approximately 17.3% of consolidated costs and expenses were also in U.S. dollars [1098]. - Approximately 60.5%, 35.5%, and 57.0% of cash and marketable securities were denominated in U.S. dollars as of December 31 for the years 2020, 2021, and 2022, respectively [1099]. Debt Management - The company had U.S.268.5 million in 2020 [1100]. - As of December 31, 2022, approximately Ps.19.3 billion of total debt was variable rate, while Ps.15.0 billion was fixed rate, indicating that 62% of total debt is fixed [1102]. - Interest expense for variable rate loans in 2022 was Ps.1,393.2 million, with an average TIIE-28 rate of 8.1% and an average Libor rate of 1.88% [1112]. - The company contracted interest rate swaps covering Ps.6.9 billion worth of risk for increased interest rates related to long-term debt securities [1102]. - The company expects to continue funding capital investments through debt issuances on the Mexican capital markets, subject to market conditions [1102]. Financial Instruments - The company recognized a gain of Ps.130.6 million in the reserve for the gain on cash flow hedges for the year ended December 31, 2022 [1114]. - As of December 31, 2022, the company had no outstanding forward foreign exchange contracts [1101].