Afya Ltd

NASDAQ:AFYAUnited States

Nov 13, 2024

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• -- Earnings Flash (AFYA) AFYA LIMITED Posts Q3 EPS BRL1.79, from 5:55PM ET on Wednesday Nov 13, 2024 by MT Newswires

  5:55PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: AFYA
  05:55 PM EST, 11/13/2024 (MT Newswires) -- ...

• Press Release: Afya Limited Third Quarter and Nine Months 2024 Financial Results, from 5:46PM ET on Wednesday Nov 13, 2024 by Dow Jones

  5:46PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: AFYA

• Afya Limited Third Quarter and Nine Months 2024 Financial Results, from 5:46PM ET on Wednesday Nov 13, 2024 by Dow Jones

  5:46PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: AFYA
  Non-controlling interests 41,197 41,507 ------------------ ----------------- Total equity 4,151,643 3,643,012 ------------------ ----------------- Total liabilities and equity 8,713,627 7,584,481 ================== ================= Unaudited interim condensed consolidated statements of cash flows For the nine-month periods ended September 30, 2024 and 2023 (In thousands of Brazilian reais) September 30, 2024 September 30, 2023 ------------------ ------------------ (unaudited) (unaudited) Operating activities Income before income taxes 521,029 336,826 Adjustments to reconcile income before income taxes Depreciation and amortization 249,135 212,172 Write-off of property and equipment 2,108 1,209 Write-off of intangible assets 243 288 Allowance for expected credit losses 41,589 57,160 Share-based compensation 26,299 20,082 Net foreign exchange differences 7,462 448 Accrued interest 166,343 224,349 Accrued interest on lease liabilities 82,803 74,867 Share of income of associate (9,726) (7,671) Provision (reversal) for legal proceedings 4,619 (27,119) Changes in assets and liabilities Trade receivables (35,619) (52,169) Inventories 1,147 7,828 Recoverable taxes 2,409 (34,921) Other assets 20,107 35,960 Trade payables 19,966 1,920 Taxes payable (6,625) 25,321 Advances from customers 40 (27,883) Labor and social obligations 69,719 94,465 Other liabilities 4,417 (9,331) ------------------ ------------------ 1,167,465 933,801 ------------------ ------------------ Income taxes paid (19,290) (37,599) ------------------ ------------------ Net cash flows from operating activities 1,148,175 896,202 ------------------ ------------------ Investing activities Acquisition of property and equipment (93,367) (88,014) Acquisition of intangibles assets (223,399) (67,113) Dividends received 6,195 8,294 Acquisition of subsidiaries, net of cash acquired (579,074) (726,530) Payments of interest from acquisition of subsidiaries and intangibles (55,898) (36,674) ------------------ ------------------ Net cash flows used in investing activities (945,543) (910,037) ------------------ ------------------ Financing activities Payments of principal of loans and financing (126,666) (12,216) Payments of interest of loans and financing (156,897) (124,468) Proceeds from loans and financing 492,351 5,288 Payments of principal of lease liabilities (30,218) (22,657) Payments of interest of lease liabilities (82,567) (78,001) Treasury shares - (12,369) Proceeds from exercise of stock options 6,041 3,546 Dividends paid to non-controlling shareholders (13,368) (15,914) ------------------ ------------------ Net cash flows generated (used) in financing activities 88,676 (256,791) ------------------ ------------------ Net foreign exchange differences (7,462) (448) ------------------ ------------------ Net increase (decrease) in cash and cash equivalents 283,846 (271,074) ================== ================== Cash and cash equivalents at the beginning of the period 553,030 1,093,082 Cash and cash equivalents at the end of the period 836,876 822,008
  

• Afya Reports Higher Q3 Earnings, Revenue, from 4:49PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:49PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: AFYA
  04:49 PM EST, 11/13/2024 (MT Newswires) -- Afya (AFYA) late Wednesday reported Q3 net income of 1.31 reais ($0.23) per diluted share, up from 1.03 reais a year earlier. Analysts polled by Capital IQ expected 1.58 reais. Revenue for the quarter ended...