Spirit airlines, inc. (SAVE)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net income (loss)

251,351

335,255

345,978

359,994

256,747

155,749

310,788

273,352

339,339

415,522

215,643

236,981

232,824

263,483

290,786

306,518

310,138

317,220

298,729

268,615

256,760

225,464

212,748

206,851

184,070

176,918

0

0

0

-

-

-

-

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operations:
Unrealized losses on open derivative contracts, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,202

-2,239

-4,257

-3,783

0

3,224

8,879

3,116

-265

0

0

0

-

-

-

-

-

-

-

-

Losses reclassified from other comprehensive income

-306

-315

-297

-304

-310

-315

-321

-327

-330

-335

-873

-699

-528

-354

135

46

-42

-132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

8,273

8,154

10,856

12,053

11,617

11,021

10,092

9,232

8,781

8,522

8,325

7,871

8,131

7,105

7,726

8,384

9,027

9,222

9,481

9,668

8,235

8,797

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts (recoveries)

-

-

-

-

-

-

-

-

-

-53

-186

-192

25

80

218

225

6

12

25

-4

-1

-45

-48

-46

104

143

0

0

0

-

-

-

-

-

-

-

-

Amortization of deferred gains, losses and debt issuance costs

8,471

8,654

8,851

8,632

9,484

8,819

8,037

7,735

6,217

7,944

8,310

7,683

7,115

5,732

4,272

3,578

2,969

1,165

773

390

68

-185

-334

-412

-452

-558

0

0

0

-

-

-

-

-

-

-

-

Equity-based compensation, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Depreciation and amortization

240,529

225,264

211,314

197,375

188,080

176,727

165,236

158,303

148,016

140,152

131,446

119,910

109,536

101,136

95,648

89,972

82,154

73,908

64,798

56,508

50,713

46,971

43,347

40,484

36,744

31,947

0

0

0

-

-

-

-

-

-

-

-

Deferred income tax expense

140,409

115,689

116,748

108,418

78,216

46,303

-77,082

-82,885

-40,232

-492

105,545

104,318

83,747

85,339

169,281

200,865

182,240

155,614

98,473

35,072

28,148

34,118

2,857

5,690

9,925

12,047

0

0

0

-

-

-

-

-

-

-

-

Loss on disposal of assets

-15,500

-17,400

-19,900

-7,571

-10,652

-9,600

-7,686

-7,094

-3,943

-4,200

-6,135

-6,042

-5,078

-4,187

-1,470

-1,337

-1,223

-1,604

-2,650

-3,153

-3,453

-3,008

-1,757

-1,129

-505

-525

0

0

0

-

-

-

-

-

-

-

-

Lease termination costs

-

-

-

-

-

-

-

-

-

-12,629

-18,209

-17,711

-25,763

-37,189

-31,609

-24,254

-16,202

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special charges, non-operating

-

-

-

-

-

90,400

90,400

88,600

9,200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-37,048

26,147

7,847

19,579

18,628

-1,674

17,279

10,538

3,591

8,134

10,157

7,097

16,248

12,951

3,058

10,117

4,377

5,592

6,562

-6,657

-5,818

-606

-1,371

4,426

9,215

461

0

0

0

-

-

-

-

-

-

-

-

Aircraft maintenance deposits, net

-23,682

-22,453

11,479

3,417

3,384

-14,019

-1,035

8,768

10,312

37,930

35,992

34,088

46,332

45,869

52,912

57,201

32,095

32,101

20,458

22,260

29,581

31,925

42,847

21,703

31,916

24,058

0

0

0

-

-

-

-

-

-

-

-

Long-term deposits and other assets

6,402

-14,999

23,517

-2,406

-12,420

4,803

-12,596

30,441

33,880

50,951

73,259

42,656

52,268

47,204

21,166

33,333

24,543

22,208

56,227

32,292

38,851

48,382

65,041

56,370

69,604

65,654

0

0

0

-

-

-

-

-

-

-

-

Deferred heavy maintenance, net

167,360

175,957

192,037

184,464

183,830

190,381

187,848

144,313

119,391

78,237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

104,226

21,013

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

0

-5,900

-1,236

846

-72,278

6,060

2,834

0

72,278

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

28,966

569

-22,571

-8,072

-4,453

15,317

30,972

15,056

-6,680

6,030

14,050

6,540

7,411

-6,823

-6,678

-2,126

6,976

2,706

-2,170

-716

-11,058

-10,034

-5,992

-2,145

7,118

-1,674

0

0

0

-

-

-

-

-

-

-

-

Air traffic liability

8,285

23,429

37,591

45,343

45,807

28,270

29,804

28,889

32,725

43,527

42,221

32,588

48,357

-9,455

1,390

12,862

3,510

36,387

29,359

46,860

38,157

21,135

35,644

26,183

54,164

36,226

0

0

0

-

-

-

-

-

-

-

-

Other liabilities

-104,555

1,698

4,973

-3,617

-13,029

74,038

40,223

101,963

149,833

31,672

24,228

35,449

13,522

47,200

40,275

2,660

18,605

14,119

2,327

41,211

24,975

12,302

40,930

12,442

15,991

24,235

0

0

0

-

-

-

-

-

-

-

-

Other

-893

-822

-932

-807

-512

-375

-95

149

238

380

545

445

321

206

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

380,752

551,321

556,362

596,499

540,479

506,463

346,414

352,501

423,337

425,240

419,048

434,671

386,704

471,765

544,036

534,172

561,549

472,985

424,525

417,329

340,726

261,830

228,040

205,251

200,822

195,376

198,455

150,471

119,150

113,631

110,517

230,716

256,816

171,198

0

0

0

Investing activities:
Purchase of available-for-sale investment securities

119,970

122,410

117,759

108,098

120,053

124,430

110,623

112,474

113,609

107,246

100,033

171,717

127,748

103,258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the maturity and sale of available-for-sale investment securities

118,345

120,830

116,208

106,578

118,528

122,947

109,159

111,013

112,191

105,906

98,723

70,699

27,061

2,842

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

0

0

0

Pre-delivery deposits on flight equipment, net of refunds

187,233

102,102

214,327

161,045

173,757

177,424

160,072

162,325

146,305

149,477

186,389

192,532

168,341

173,947

163,925

132,124

142,293

142,323

87,505

92,764

92,989

115,802

144,915

144,549

128,362

70,288

47,137

37,112

27,344

12,626

32,897

28,445

66,407

53,274

0

0

0

Capitalized interest

11,358

10,774

10,320

9,487

9,505

8,729

10,367

10,108

12,158

12,305

11,856

12,655

9,906

10,834

14,484

11,950

11,034

10,159

2,937

3,871

2,911

1,318

948

106

98

0

0

0

0

-

-

-

-

-

-

-

-

Assets under construction for others

9,731

7,936

8,092

2,736

763

501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

-

-

-

-

-

606,971

620,554

682,591

754,961

628,881

520,667

505,553

490,521

539,209

544,456

543,812

524,020

548,800

612,107

487,302

367,092

186,569

29,045

13,426

13,310

19,812

19,088

18,369

26,389

23,771

26,231

26,006

20,575

14,093

0

0

0

Net cash used in investing activities

-676,746

-456,929

-533,171

-611,332

-607,009

-783,708

-782,957

-846,985

-914,842

-792,003

-720,222

-811,758

-769,405

-824,356

-822,891

-687,836

-677,347

-701,282

-703,637

-584,147

-463,099

-303,689

-173,960

-157,975

-141,672

-90,100

-66,225

-55,481

-44,659

-27,323

-55,508

-50,764

-61,427

-67,217

0

0

0

Financing activities:
Proceeds from issuance of long-term debt

335,166

225,891

408,634

486,465

664,677

832,099

742,069

814,238

741,327

629,725

444,533

372,555

458,887

417,275

499,349

541,327

425,694

536,780

564,000

444,000

333,000

148,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of offering expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170,828

0

0

0

Proceeds from stock options exercised

17

1

47

50

49

51

5

18

47

45

45

29

4

92

92

101

105

32

66

134

150

174

317

360

442

852

734

721

705

469

0

0

0

-

-

-

-

Payments on debt obligations

251,443

246,783

169,964

162,411

156,526

137,275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligations

121,154

96,547

95,762

2,113

205,762

205,720

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reimbursement for assets under construction for others

7,451

5,618

5,890

2,736

763

501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

64,907

-

39,418

37,089

33,145

26,364

16,920

9,662

4,201

1,233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale leaseback transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,900

7,013

13,813

13,813

12,540

0

0

0

-

-

-

-

Excess tax (deficiency) benefit from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-470

-465

-165

195

8,850

8,999

9,150

9,160

1,871

1,982

2,277

2,353

1,927

2,267

1,507

1,435

2,098

0

0

0

-

-

-

-

Repurchase of common stock

1,752

5,439

5,373

5,424

5,426

1,162

46,487

46,349

46,505

46,580

1,358

41,449

93,943

102,510

102,489

95,124

110,919

112,261

112,291

79,823

11,952

1,630

1,535

1,425

1,440

1,140

1,192

1,103

886

1,022

1,065

985

1,343

886

0

0

0

Debt issuance costs

6,205

2,909

4,695

6,035

7,563

7,365

11,128

11,520

11,667

13,740

5,896

4,164

2,347

107

1,207

10,630

12,250

15,192

18,819

9,396

7,703

4,727

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-37,920

-120,168

138,777

313,268

290,212

481,129

346,573

437,696

571,852

466,712

338,950

232,157

298,002

249,859

355,862

398,420

276,980

399,145

439,535

368,903

320,011

144,012

-5,801

-4,942

1,355

8,539

8,822

14,938

-11,838

-12,820

-6,839

-13,433

162,841

156,633

0

0

0

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

203,884

-89,970

-56,788

80,347

99,949

37,776

-144,930

-84,699

-102,732

77,007

244,756

161,182

170,848

160,423

202,085

197,638

102,153

48,279

42,334

60,505

113,815

141,052

109,928

62,653

73,488

48,170

166,519

358,230

260,614

0

0

0

Cash payments for:
Interest, net of capitalized interest

78,789

80,254

88,986

89,633

75,721

65,123

51,338

37,802

42,528

37,902

36,479

35,028

40,476

39,963

29,235

27,107

10,480

7,061

3,453

1,432

11

0

372

309

-9

0

-271

-270

-3

0

2,640

8,234

9,425

10,562

0

0

0

Income taxes paid (received), net

3,530

5,843

-68,567

-69,365

-73,352

-73,489

4,840

4,756

3,624

5,826

16,942

34,903

61,460

-5,579

-17,371

5,593

21,892

95,933

95,355

91,209

95,769

89,104

113,647

92,992

87,991

85,705

61,796

63,191

39,650

40,204

40,448

23,109

2,840

1,477

0

0

0

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases

194,232

191,004

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash flows for finance leases

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing cash flows for finance leases

758

674

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash transactions:
Capital expenditures funded by finance lease borrowings

44,116

45,608

-46,748

97,043

-234,563

987

144,106

315

238,282

1,370

1,370

1,370

130

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures funded by operating lease borrowings

527,544

569,948

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-