SPIRIT AIRLINES, INC. SAVE Income Statement

Spirit airlines, inc. (SAVE)

Income statement / Quarterly

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	Mar'11	Sep'10	Jun'10
Operating revenues:
Passenger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	331,004	296,401	272,626	267,487	319,812	308,573	273,466	271,569	317,038	302,487	253,878	246,503	279,499	241,119	218,897	188,721	202,181	211,812	180,078	169,270	186,682	180,418	153,280	138,232	126,372
Non-ticket
-	-	-	-	-	-	-	-	-	-	-	-	-	-	290,325	287,732	265,517	252,359	255,029	244,848	219,889	202,918	202,731	196,850	184,109	173,481	177,126	166,220	151,540	139,547	140,136	134,496	121,417	104,649	102,032	95,473	79,382	65,423	50,987
Revenues
771,081	969,780	991,968	1,012,956	855,796	862,761	904,330	851,771	704,138	666,182	687,227	700,185	589,957	576,395	621,329	584,133	538,143	519,846	574,841	553,421	493,355	474,487	519,769	499,337	437,987	419,984	456,625	407,339	370,437	328,268	342,317	346,308	301,495	273,919	288,714	275,891	232,662	203,655	177,359
Operating expenses:
Aircraft fuel
213,208	244,989	253,847	265,006	229,636	229,680	258,818	246,180	204,646	175,205	158,300	142,294	139,782	126,535	121,844	113,192	85,982	105,215	115,899	127,907	112,426	138,002	171,584	154,852	148,471	139,843	144,986	135,251	131,666	120,789	122,016	120,233	108,725	94,827	104,985	107,322	80,912	63,553	60,780
Salaries, wages and benefits
240,480	220,674	224,069	216,375	203,901	191,740	185,043	187,756	155,096	136,815	134,114	129,892	127,138	122,941	120,190	112,930	116,410	96,429	95,081	97,037	88,961	80,633	79,087	77,440	76,249	69,392	66,805	64,456	61,497	58,363	54,413	53,489	52,654	48,228	45,148	45,173	43,193	39,935	38,720
Landing fees and other rents
67,121	62,773	69,142	64,711	59,649	51,903	54,542	58,602	49,630	46,117	48,498	45,592	40,448	37,583	39,345	39,944	34,807	32,590	34,577	33,364	30,546	27,533	27,735	25,831	24,016	22,096	22,106	21,346	18,056	17,128	19,060	17,066	15,114	14,166	13,966	13,007	11,655	13,039	11,868
Depreciation and amortization
65,991	61,913	57,712	54,913	50,726	47,963	43,773	45,618	39,373	36,472	36,840	35,331	31,509	27,766	25,304	24,957	23,109	22,278	19,628	17,139	14,863	13,168	11,338	11,344	11,121	9,544	8,475	7,604	6,324	5,244	3,815	3,327	2,870	2,464	2,059	1,691	1,546	1,517	1,430
Aircraft rent
45,146	50,270	40,026	46,522	45,782	42,982	42,682	41,745	50,191	42,820	53,396	52,566	57,070	50,267	49,367	49,864	52,202	52,091	53,525	53,127	52,788	51,209	50,009	48,222	46,387	44,616	42,134	41,915	41,072	37,103	37,536	36,060	32,873	30,476	29,220	29,081	27,708	25,487	24,873
Distribution
33,743	38,289	39,160	40,602	35,719	33,505	37,868	34,997	30,631	28,170	29,695	29,835	25,772	23,705	25,565	24,692	22,933	20,656	23,074	22,349	20,497	15,893	20,202	20,159	18,569	16,607	17,916	17,277	15,681	13,109	14,620	14,738	14,201	12,203	14,177	13,037	11,932	10,906	10,227
Maintenance, materials and repairs
34,076	41,131	36,152	34,688	31,604	29,937	37,778	31,653	29,710	28,966	26,176	28,985	26,312	26,577	30,443	20,627	20,940	18,544	21,473	21,271	19,160	17,515	19,622	19,205	17,614	16,253	16,908	15,202	11,780	12,205	14,211	13,115	9,929	7,469	11,010	7,480	8,058	8,238	5,714
Loss on disposal of assets
0	-540	-13,410	-1,550	-1,900	-3,039	-1,069	-4,644	-848	-1,054	-516	-1,493	-1,105	-3,021	-423	-529	-214	-304	-290	-415	-595	-1,350	-793	-715	-150	-99	-165	-91	-170	-474	0	-33	-449	-216	-4	-35	0	-	-28
Special charges
-	-	0	0	-	265	-686	174	89,168	0	7,853	0	4,776	5,580	7,355	8,052	16,202	0	-76	324	425	1	18	17	9	-314	442	23	23	-105	-8,288	15	-72	805	18	2,280	81	214	-57
Other operating
129,308	123,950	133,769	124,651	109,062	95,695	98,318	91,881	93,642	79,267	87,965	102,885	77,703	69,358	66,277	67,511	64,045	51,402	54,151	58,173	43,843	39,208	39,190	36,408	35,448	33,787	38,884	37,416	34,499	32,025	35,253	33,100	27,508	25,042	23,571	21,826	20,733	19,784	21,985
Total operating expenses
829,073	-	-	-	767,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	867,287	849,018	-	726,730	759,205	743,250	742,935	574,886	583,353	568,873	531,615	493,308	486,113	462,298	436,844	399,509	417,622	431,106	384,104	384,512	419,578	394,193	378,034	351,923	358,821	340,581	320,768	296,335	292,636	291,176	264,251	235,896	244,158	240,932	205,818	182,673	175,568
Operating income (loss)
-57,992	124,624	124,681	163,938	87,804	136,065	145,125	108,521	-38,797	91,296	103,874	131,312	58,342	83,108	135,216	121,835	101,299	120,337	157,219	122,315	109,251	89,975	100,191	105,144	59,953	68,061	97,804	66,758	49,669	31,933	49,681	55,132	37,244	38,023	44,556	34,959	26,844	20,982	1,791
Other (income) expense:
Interest expense
23,878	25,975	25,138	25,266	24,971	23,505	21,925	20,498	17,849	16,065	15,018	13,746	12,473	12,066	11,362	10,166	8,060	7,200	5,951	4,419	2,812	1,659	878	103	107	74	36	95	9	6	10	794	540	373	444	9,678	14,286	12,568	12,667
Capitalized interest
3,664	3,539	3,400	2,975	2,557	2,636	2,657	2,296	2,252	3,668	3,203	3,342	3,580	3,542	3,067	2,771	3,325	3,161	3,030	2,829	2,533	1,659	878	103	107	74	36	95	9	6	10	794	540	4,522	444	-1,039	-1,037	-397	-293
Interest income
3,593	4,851	6,292	7,066	6,924	5,835	4,776	4,430	4,066	2,990	2,605	1,828	1,313	1,041	1,222	1,447	1,566	1,581	233	177	134	101	84	83	68	93	87	105	116	159	171	180	415	319	99	71	86	83	99
Other (income) expense
19	-	-	-	-233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	222	144	-	129	302	188	133	145	114	104	3	121	180	157	70	-267	166	44	72	1,048	81	1,439	37	31	115	36	101	95	109	84	43	69	42	76	48	23	45
Special charges, non-operating
-	-	0	0	-	56	1,744	79,400	9,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (income) expense
-16,602	-17,861	-15,668	-15,369	-15,723	-15,163	-16,538	-93,372	-20,865	-9,552	-9,324	-8,680	-7,583	-7,604	-7,253	-6,105	-3,239	-2,191	-2,854	-1,457	-217	-947	3	-1,356	31	62	-28	69	15	64	62	96	372	247	57	-8,644	-13,211	-12,111	-12,320
Income (loss) before income taxes
-74,594	106,763	109,013	148,569	72,081	120,902	128,587	15,149	-59,662	81,744	94,550	122,632	50,759	75,504	127,963	115,730	98,060	118,146	154,365	120,858	109,034	89,028	100,194	103,788	59,984	68,123	97,776	66,827	49,684	31,997	49,743	55,228	37,616	38,270	44,613	26,315	13,633	8,871	-10,529
Provision (benefit) for income taxes
-46,766	25,549	25,549	34,068	16,005	28,965	31,107	3,895	-14,740	-165,231	34,506	45,391	19,498	28,407	46,581	42,646	36,140	43,746	57,251	44,154	40,032	33,119	33,194	38,939	22,278	24,930	36,673	24,759	19,130	12,431	18,859	20,637	14,197	14,279	16,956	9,398	5,750	-52,869	-463
Net income (loss)
-27,828	81,214	83,464	114,501	56,076	91,937	97,480	11,254	-44,922	246,975	60,044	77,241	31,261	47,097	81,382	73,084	61,920	74,400	97,114	76,704	69,002	55,909	67,000	64,849	37,706	43,193	61,103	42,068	30,554	19,566	30,884	34,591	23,419	23,991	27,657	16,917	7,883	61,740	-10,066
Basic earnings (loss) per share (in dollars per share)
-0.41	1.19	1.22	1.67	0.82	1.35	1.43	0.16	-0.66	3.59	0.87	1.11	0.45	0.68	1.17	1.03	0.87	1.04	1.35	1.06	0.94	0.77	0.92	0.89	0.52	0.60	0.84	0.58	0.42	0.27	0.43	0.48	0.32	0.35	0.38	0.41	0.30	2.35	-0.38
Diluted earnings (loss) per share (in dollars per share)
-0.41	1.18	1.22	1.67	0.82	1.36	1.42	0.16	-0.66	3.58	0.86	1.11	0.45	0.68	1.17	1.03	0.86	1.04	1.35	1.05	0.94	0.78	0.91	0.88	0.51	0.58	0.84	0.58	0.42	0.26	0.43	0.48	0.32	0.34	0.38	0.41	0.30	2.33	-0.38
Passenger [Member]
Revenues
753,550	951,757	973,353	994,430	838,065	846,568	887,956	836,350	689,141	650,647	669,072	680,880	572,287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Revenues
17,531	18,059	18,615	18,526	17,731	16,227	16,374	15,421	14,997	15,535	18,155	19,305	17,670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-