Grupo Aeroportuario del Pacifico(PAC) - 2021 Q4 - Annual Report

Revenue Sources - Approximately 27.4%, 25.3%, and 27.3% of total revenues in 2019, 2020, and 2021, respectively, were derived from passenger charges for international passengers[1083] Currency Exposure - As of December 31, 2021, approximately 20.2% of aeronautical and non-aeronautical revenues were denominated in U.S. dollars, while about 17.2% of consolidated costs and expenses were also in U.S. dollars[1083] - As of December 31, 2021, 55.2%, 60.5%, and 35.5% of cash and marketable securities were denominated in U.S. dollars for the years 2019, 2020, and 2021, respectively[1084] Debt Structure - The company had U.S.$260.5 million in U.S. dollar-denominated debt as of December 31, 2021, after restructuring U.S.$191.0 million in existing debt[1085] - As of December 31, 2021, the company had approximately Ps.15.6 billion in variable rate debt and Ps.12.3 billion in fixed rate debt, totaling Ps.27.9 billion[1088] Interest Expenses and Financial Instruments - Interest expenses for variable rate loans were Ps.1,019.0 million in 2021, with an average TIIE-28 rate of 4.67%[1098] - The company recognized a gain of Ps.51.6 million within finance cost for the year ended December 31, 2021, due to the value of the premium paid for hedges[1101] - The company entered into interest rate swaps covering Ps.9.8 billion worth of risk for increased interest rates related to long-term debt securities[1088] - The company had no outstanding forward foreign exchange contracts as of December 31, 2021[1086] Capital Investment Funding - The company expects to continue funding capital investments primarily through debt issuances on the Mexican capital markets, subject to market conditions[1088]