SPIRIT AIRLINES, INC. SAVE Balance Sheet

Spirit airlines, inc. (SAVE)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
788	978	935	1,110	1,122	1,004	773	812	898	800	863	869	818	700	825	1,014	902	803	748	769	741	632	588	567	543	530	540	524	483	416	399	414	420	343	350	248	82
Short-term investment securities
106	105	104	104	103	102	102	101	101	100	100	100	100	100	100	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net
33	73	71	78	70	47	63	58	52	49	46	47	48	41	35	40	32	28	33	30	28	22	26	37	33	23	27	32	24	22	23	24	25	15	14	15	9
Aircraft maintenance deposits, net
90	102	132	124	129	106	104	107	95	175	166	155	125	87	87	77	79	73	-	-	-	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
104	21	21	-	-	0	78	70	69	69	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	2	0	72	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	-	15	15	14	16	14	16	12	12	14	17	18	20	30	41	51
Prepaid expenses and other current assets
109	103	136	102	90	83	83	79	81	85	67	57	53	48	48	48	54	48	126	62	76	29	73	68	83	78	79	101	84	95	100	81	69	63	53	50	34
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	72
Total current assets
1,231	1,385	1,403	1,520	1,516	1,345	1,206	1,230	1,298	1,282	1,244	1,230	1,146	977	1,103	1,183	1,069	1,026	918	871	856	721	704	688	675	649	661	676	605	547	538	539	534	442	449	454	251
Property and equipment:
Flight equipment
3,965	3,730	3,549	3,514	3,322	3,257	3,023	2,911	2,853	2,291	2,017	1,809	1,608	1,461	1,386	1,225	1,031	834	689	549	422	204	16	12	10	12	5	4	4	2	4	10	4	4	4	4	3
Ground property and equipment
305	291	234	215	201	191	178	168	161	155	148	140	136	126	109	103	93	74	76	66	60	57	69	55	54	48	49	47	45	43	53	51	49	46	43	41	39
Less accumulated depreciation
537	492	450	367	369	332	296	261	235	207	183	161	140	122	105	90	76	65	55	47	41	36	32	29	27	25	23	21	19	17	31	30	28	27	27	26	24
Total property and equipment, net
3,733	3,530	3,333	3,362	3,154	3,116	2,906	2,818	2,779	2,238	1,983	1,789	1,604	1,465	1,390	1,238	1,048	844	710	568	442	225	53	37	37	35	31	30	30	28	25	31	24	23	20	19	19
Operating lease right-of-use assets
1,425	1,369	1,059	1,057	1,046	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-delivery deposits on flight equipment
372	291	330	289	264	236	253	240	205	253	304	317	330	325	272	249	289	286	275	267	260	242	269	248	229	157	132	111	109	96	95	84	90	91	72	65	44
Long-term aircraft maintenance deposits
61	67	79	84	118	138	144	141	149	150	138	146	170	199	198	201	196	206	199	217	212	213	194	185	171	161	145	143	137	122	-	-	-	120	-	-	-
Deferred heavy maintenance, net
376	361	328	309	280	249	191	172	138	99	87	75	71	75	79	75	80	89	99	108	115	123	128	129	127	125	110	102	91	80	-	-	-	67	-	-	-
Long-term deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Other long-term assets
35	36	40	38	43	79	79	79	82	121	112	114	114	110	85	81	78	77	73	71	69	66	63	59	57	51	43	42	45	44	-	-	-	-	-	-	42
Prepaid aircraft maintenance to lessors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	117	115	-	119	118	116
Security deposits and other long-term assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106	96	79	-	58	51	-
Total assets
7,235	7,043	6,575	6,662	6,423	5,165	4,781	4,681	4,654	4,145	3,870	3,674	3,438	3,153	3,129	3,030	2,763	2,530	2,276	2,105	1,955	1,592	1,413	1,349	1,299	1,180	1,125	1,107	1,019	919	884	869	844	745	722	709	475
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable
62	43	41	43	26	39	63	50	31	22	30	33	39	15	29	27	23	17	15	21	13	13	17	21	24	23	20	23	17	24	21	28	24	15	17	16	13
Air traffic liability
411	315	361	403	403	292	323	357	357	263	276	312	308	220	238	283	263	216	237	270	259	188	216	232	230	167	180	205	175	131	136	145	155	112	123	139	104
Current maturities of long-term debt and finance leases
334	258	194	270	173	163	150	145	280	115	105	95	92	-	84	78	53	49	37	29	22	10	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Current maturities of operating leases
125	120	117	114	128	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
296	373	337	379	395	339	287	346	378	262	249	244	231	226	217	217	228	182	176	207	190	152	160	146	161	145	129	151	149	121	109	117	117	98	97	100	73
Current maturities of long-term debt and obligations, due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20
Current maturities of long-term debt and obligations, due to non-related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3
Total current liabilities
1,231	1,112	1,052	1,211	1,126	834	824	900	1,047	664	662	685	673	545	570	607	567	466	466	529	486	365	394	400	415	335	331	380	343	276	267	291	297	227	239	256	214
Long-term debt and finance leases, less current maturities
1,965	1,960	1,968	2,025	2,039	2,024	1,770	1,731	1,570	1,387	1,214	1,089	991	-	894	836	655	596	500	398	302	135	-	-	-	0	-	-	-	-	-	-	-	-	-	-	11
Operating leases, less current maturities
1,268	1,218	915	915	895	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to related parties, less current maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245
Deferred income taxes
505	469	446	399	366	355	332	295	292	308	406	372	327	302	299	267	242	221	139	76	69	66	47	47	47	48	43	43	36	33	28	22	15	12	-	-	-
Deferred gains and other long-term liabilities
30	22	10	16	18	22	20	20	23	22	17	18	17	22	20	19	20	20	21	18	27	22	25	26	26	26	26	24	25	27	29	28	40	39	40	37	29
Shareholders’ equity:
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	0	-
Mandatorily redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79
Additional paid-in-capital
383	379	379	377	374	371	368	365	363	360	557	555	553	551	549	547	545	544	542	539	536	526	523	520	518	515	513	508	506	504	500	499	497	496	496	496	0
Treasury stock, at cost
73	72	72	72	72	67	66	66	66	65	219	219	219	218	218	180	126	116	116	83	14	3	3	3	2	2	2	2	1	1	1	0	0	0	-	-	0
Retained earnings
1,925	1,955	1,873	1,790	1,676	1,625	1,533	1,436	1,424	1,469	1,233	1,173	1,095	1,054	1,015	933	860	798	724	627	550	481	425	358	293	256	212	151	109	79	59	28	-5	-29	-53	-80	-105
Accumulated other comprehensive income (loss)
-0	-0	-0	-0	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2	-0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Total shareholders’ equity
2,234	2,261	2,180	2,095	1,977	1,928	1,833	1,733	1,719	1,762	1,570	1,508	1,428	1,385	1,344	1,299	1,277	1,225	1,148	1,082	1,069	1,003	945	875	809	769	723	658	614	582	559	527	490	466	442	415	-105
Total liabilities and shareholders’ equity
7,235	7,043	6,575	6,662	6,423	5,165	4,781	4,681	4,654	4,145	3,870	3,674	3,438	3,153	3,129	3,030	2,763	2,530	2,276	2,105	1,955	1,592	1,413	1,349	1,299	1,180	1,125	1,107	1,019	919	884	869	844	745	722	709	475