Grupo Aeroportuario del Pacifico(PAC) - 2023 Q4 - Annual Report

Revenue Sources - Approximately 27.3%, 28.1%, and 24.9% of total revenues in 2021, 2022, and 2023, respectively, were derived from passenger charges for international passengers [1126]. - Approximately 20% of 2023 aeronautical and non-aeronautical revenues were denominated in U.S. dollars [1126]. Financial Position - As of December 31, 2023, 81.3% of cash and marketable securities were denominated in U.S. dollars [1127]. - Total U.S. dollar-denominated debt increased to U.S.$314.4 million as of December 31, 2023, from U.S.$260.5 million in 2021 [1128]. - As of December 31, 2023, 63.6% of total debt was fixed, amounting to Ps.18.8 billion in fixed rate debt out of a total of Ps.40.6 billion [1135]. Interest and Hedging - Interest expense for variable interest rate loans was Ps.2,281.2 million in 2023, with an average TIIE-28 rate of 11.42% [1143]. - The company recognized Ps.60.7 million in the reserve for the gain on cash flow hedges in 2023 [1145]. - The company has contracted interest rate swaps covering Ps.6.9 billion worth of risk related to the issuance of GAP 19 and GAP 20 long-term debt securities [1135]. Currency Impact - A 10% annual depreciation of the peso compared to the U.S. dollar would have increased revenues by approximately Ps.503.1 million in 2023 [1126]. - The company obtained U.S.$70.0 million in loans by bank debt in 2023 [1128].