
Afya Ltd
NASDAQ:AFYA

Income Statement
Earnings Waterfall
Afya Ltd
Revenue
|
3.2B
BRL
|
Cost of Revenue
|
-1.2B
BRL
|
Gross Profit
|
2B
BRL
|
Operating Expenses
|
-1.1B
BRL
|
Operating Income
|
924.7m
BRL
|
Other Expenses
|
-345m
BRL
|
Net Income
|
579.6m
BRL
|
Income Statement
Afya Ltd
Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||
Revenue |
334
N/A
|
418
+25%
|
522
+25%
|
636
+22%
|
751
+18%
|
878
+17%
|
974
+11%
|
1 077
+11%
|
1 201
+12%
|
1 323
+10%
|
1 422
+7%
|
1 567
+10%
|
1 719
+10%
|
1 891
+10%
|
2 117
+12%
|
2 243
+6%
|
2 329
+4%
|
2 473
+6%
|
2 587
+5%
|
2 730
+6%
|
2 876
+5%
|
2 970
+3%
|
3 067
+3%
|
3 185
+4%
|
|
Gross Profit | |||||||||||||||||||||||||
Cost of Revenue |
(168)
|
(194)
|
(238)
|
(277)
|
(309)
|
(344)
|
(368)
|
(393)
|
(435)
|
(472)
|
(510)
|
(577)
|
(652)
|
(713)
|
(787)
|
(824)
|
(860)
|
(920)
|
(986)
|
(1 057)
|
(1 110)
|
(1 132)
|
(1 162)
|
(1 198)
|
|
Gross Profit |
166
N/A
|
224
+35%
|
284
+27%
|
359
+26%
|
442
+23%
|
535
+21%
|
606
+13%
|
684
+13%
|
767
+12%
|
851
+11%
|
912
+7%
|
989
+8%
|
1 067
+8%
|
1 179
+10%
|
1 330
+13%
|
1 419
+7%
|
1 470
+4%
|
1 552
+6%
|
1 602
+3%
|
1 673
+4%
|
1 766
+6%
|
1 838
+4%
|
1 905
+4%
|
1 987
+4%
|
|
Operating Income | |||||||||||||||||||||||||
Operating Expenses |
(69)
|
(87)
|
(132)
|
(185)
|
(237)
|
(292)
|
(323)
|
(355)
|
(403)
|
(446)
|
(490)
|
(566)
|
(626)
|
(676)
|
(750)
|
(788)
|
(805)
|
(859)
|
(902)
|
(929)
|
(999)
|
(1 012)
|
(1 024)
|
(1 062)
|
|
Selling, General & Administrative |
(70)
|
(87)
|
(132)
|
(184)
|
(239)
|
(295)
|
(325)
|
(358)
|
(403)
|
(447)
|
(492)
|
(566)
|
(623)
|
(671)
|
(743)
|
(775)
|
(798)
|
(853)
|
(895)
|
(941)
|
(1 015)
|
(1 023)
|
(1 037)
|
(1 060)
|
|
Other Operating Expenses |
1
|
(0)
|
(0)
|
(1)
|
3
|
3
|
1
|
3
|
(0)
|
1
|
2
|
(0)
|
(4)
|
(5)
|
(6)
|
(14)
|
(7)
|
(7)
|
(7)
|
12
|
16
|
11
|
13
|
(3)
|
|
Operating Income |
96
N/A
|
137
+42%
|
152
+11%
|
174
+15%
|
205
+18%
|
243
+18%
|
282
+16%
|
328
+16%
|
363
+11%
|
406
+12%
|
422
+4%
|
423
+0%
|
441
+4%
|
503
+14%
|
580
+15%
|
631
+9%
|
664
+5%
|
693
+4%
|
699
+1%
|
743
+6%
|
767
+3%
|
827
+8%
|
881
+7%
|
925
+5%
|
|
Pre-Tax Income | |||||||||||||||||||||||||
Interest Income Expense |
4
|
(6)
|
(20)
|
(16)
|
(15)
|
4
|
14
|
(2)
|
(22)
|
(51)
|
(111)
|
(132)
|
(160)
|
(195)
|
(187)
|
(214)
|
(227)
|
(267)
|
(297)
|
(318)
|
(330)
|
(308)
|
(287)
|
(305)
|
|
Total Other Income |
(1)
|
(1)
|
0
|
(2)
|
(3)
|
0
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(8)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
|
Pre-Tax Income |
99
N/A
|
130
+32%
|
130
+0%
|
157
+20%
|
187
+19%
|
245
+31%
|
292
+19%
|
322
+10%
|
335
+4%
|
347
+4%
|
304
-12%
|
283
-7%
|
274
-3%
|
300
+10%
|
385
+28%
|
409
+6%
|
428
+5%
|
417
-3%
|
395
-5%
|
418
+6%
|
430
+3%
|
512
+19%
|
588
+15%
|
614
+4%
|
|
Net Income | |||||||||||||||||||||||||
Tax Provision |
(4)
|
(5)
|
(6)
|
(11)
|
(14)
|
(18)
|
(23)
|
(22)
|
(27)
|
(30)
|
(28)
|
(29)
|
(31)
|
(36)
|
(37)
|
(38)
|
(36)
|
(42)
|
(38)
|
(43)
|
(24)
|
(16)
|
(17)
|
(17)
|
|
Income from Continuing Operations |
95
|
125
|
124
|
146
|
173
|
227
|
270
|
300
|
308
|
318
|
276
|
254
|
242
|
264
|
348
|
370
|
393
|
376
|
357
|
375
|
405
|
496
|
571
|
597
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(12)
|
(16)
|
(17)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(19)
|
(18)
|
(18)
|
(17)
|
|
Net Income (Common) |
95
N/A
|
125
+32%
|
124
-1%
|
146
+18%
|
173
+18%
|
223
+29%
|
263
+18%
|
288
+10%
|
292
+1%
|
300
+3%
|
257
-14%
|
235
-8%
|
223
-5%
|
245
+10%
|
329
+34%
|
352
+7%
|
374
+6%
|
356
-5%
|
337
-5%
|
355
+5%
|
386
+9%
|
478
+24%
|
553
+16%
|
580
+5%
|
|
EPS (Diluted) |
3.18
N/A
|
4.22
+33%
|
4.18
-1%
|
4.92
+18%
|
2.27
-54%
|
2.39
+5%
|
2.82
+18%
|
3.06
+9%
|
3.12
+2%
|
3.19
+2%
|
2.72
-15%
|
2.49
-8%
|
2.37
-5%
|
2.68
+13%
|
3.63
+35%
|
3.88
+7%
|
4.12
+6%
|
3.94
-4%
|
3.74
-5%
|
3.93
+5%
|
4.27
+9%
|
4.9
+15%
|
6.07
+24%
|
6.35
+5%
|