Allegiant Travel Company (ALGT) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	558	664	779	909	996	1,137	1,262	1,363	1,504	1,667	1,841	990	1,708	2,302	2,510
+ Sales & Services Revenue	558	664	779	909	996	1,137	1,262	1,363	1,504	1,667	1,841	990	1,708	2,302	2,510
- Cost of Revenue	270	365	480	721	774	852	803	891	1,096	1,250	1,297	994	1,476	1,961	2,012
+ Cost of Goods & Services	270	365	480	721	774	852	803	891	1,096	1,250	1,297	994	1,476	1,961	2,012
Gross Profit	288	298	299	187	222	285	459	472	408	417	544	-4	232	340	498
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	162	190	214	55	68	127	87	102	146	174	180	-30	-46	214	248
+ Selling, General & Admin	106	155	140	19	22	28	21	21	53	74	79	44	73	101	115
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	55	35	74	36	46	99	66	81	93	101	101	-73	-118	114	134
Operating Income (Loss)	126	108	85	132	155	157	372	371	262	243	364	25	277	126	250
- Non-Operating (Income) Loss	6	5	6	8	8	20	25	25	67	44	63	386	80	121	91
+ Interest Expense, Net	2	1	6	8	8	20	25	26	33	45	60	51	67	87	61
+ Interest Expense	4	3	7	9	9	21	27	29	39	54	72	56	68	103	108
- Interest Income	2	1	1	1	1	1	1	3	6	9	13	6	2	16	47
+ Other Non-Op (Income) Loss	4	3	- -	- -	- -	- -	- -	-1	34	- -	3	335	14	35	29
Pretax Income	121	103	80	125	147	137	347	346	196	199	301	-361	197	5	159
- Income Tax Expense (Benefit)	44	38	30	46	55	51	126	126	1	38	69	-177	45	2	41
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	76	66	49	78	92	86	220	220	195	162	232	-184	152	2	118
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	76	66	49	79	93	87	220	220	195	162	232	-184	152	2	118
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	76	66	49	79	92	87	220	220	195	162	232	-184	152	2	118
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	76	66	49	79	92	87	220	220	195	162	232	-184	152	2	118
Basic Weighted Avg Shares	20	19	19	19	19	18	17	16	16	16	16	16	17	18	18
Basic EPS, GAAP	3.82	3.39	2.61	4.12	4.87	4.89	13.02	13.34	12.13	10.15	14.48	-11.51	8.82	0.14	6.55
Basic EPS from Cont Ops	3.82	3.39	2.61	4.11	4.85	4.87	13.02	13.34	12.13	10.15	14.48	-11.51	8.82	0.14	6.55
Diluted Weighted Avg Shares	20	20	19	19	19	18	17	16	16	16	16	16	17	18	18
Diluted EPS, GAAP	3.76	3.34	2.58	4.08	4.84	4.88	12.99	13.32	12.11	10.13	14.47	-11.51	8.81	0.14	6.53
Diluted EPS from Cont Ops	3.76	3.34	2.58	4.07	4.82	4.85	12.99	13.32	12.11	10.13	14.47	-11.51	8.81	0.14	6.53
EBITDA	156	143	127	190	224	241	470	476	384	373	520	202	458	324	473
EBITDA Margin (%)	27.91	21.56	16.35	20.89	22.49	21.17	37.22	34.91	25.54	22.36	28.24	20.36	26.82	14.07	18.84
EBITA	126	108	85	132	155	157	372	371	262	243	364	25	277	126	250
EBIT	126	108	85	132	155	157	372	371	262	243	364	25	277	126	250
Gross Margin (%)	51.61	44.98	38.43	20.63	22.33	25.04	36.34	34.65	27.13	25.04	29.53	-0.44	13.56	14.79	19.83
Operating Margin (%)	22.6	16.29	10.97	14.56	15.53	13.84	29.45	27.19	17.45	14.6	19.77	2.56	16.22	5.49	9.95
Profit Margin (%)	13.68	9.9	6.34	8.65	9.26	7.62	17.46	16.11	12.96	9.7	12.61	-18.59	8.89	0.11	4.69
Sales per Employee	321,765	363,440	453,239	468,895	445,705	443,466	418,220	379,724	380,607	427,441	391,945	243,381	360,851	433,082	444,774
Dividend per Share	- -	0.77	- -	2.02	- -	2.36	3.69	4.1	2.84	2.84	2.84	0.71	- -	- -	1.23
Depreciation Expense	30	35	42	58	69	83	98	105	122	129	156	176	181	198	223

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	290	219	376	415	430	434	395	422	541	495	562	944	1,338	1,274	1,001
+ Cash, Cash Equivalents & STI	231	150	306	329	351	359	333	334	412	396	458	685	1,183	955	815
+ Cash & Cash Equivalents	90	113	151	90	98	90	87	65	59	82	122	153	366	230	143
+ ST Investments	141	37	155	239	253	270	246	269	353	314	336	532	817	725	671
+ Accounts & Notes Receiv	7	8	13	19	17	14	15	41	71	36	26	192	63	107	71
+ Accounts Receivable, Net	7	8	13	19	17	14	15	41	71	36	26	192	63	107	71
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	11	13	15	18	19	17	16	17	18	20	28	24	28	36	36
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	11	13	15	18	19	17	16	17	18	20	28	24	28	36	36
+ Other ST Assets	40	48	43	50	43	43	32	31	40	44	51	42	65	177	79
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	210	282	330	383	500	806	956	1,250	1,639	2,003	2,449	2,315	2,653	3,237	3,868
+ Property, Plant & Equip, Net	205	267	308	351	452	739	886	1,095	1,512	1,847	2,259	2,166	2,390	2,922	3,548
+ Property, Plant & Equip	289	385	462	559	703	1,048	1,273	1,561	1,789	2,221	2,743	2,765	3,086	3,737	4,513
- Accumulated Depreciation	85	117	154	208	252	309	387	466	277	374	485	599	696	815	965
+ LT Investments & Receivables	1	2	16	26	38	59	65	125	79	52	16	- -	2	63	56
+ LT Investments	1	2	16	26	38	59	65	125	79	52	16	- -	2	63	56
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4	13	7	6	11	8	6	29	48	105	174	149	261	251	264
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	4	13	7	6	11	8	6	29	48	105	174	149	261	251	264
Total Assets	500	501	707	798	930	1,239	1,352	1,672	2,180	2,499	3,011	685	3,991	4,511	4,869
+ Payables & Accruals	45	48	51	51	103	124	116	113	125	149	189	150	206	317	360
+ Accounts Payable	21	25	17	15	16	13	7	16	20	27	28	34	44	58	54
+ Accrued Taxes	- -	- -	5	6	1	1	1	- -	8	19	27	14	22	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	24	24	29	31	86	110	108	96	97	103	135	102	141	259	305
+ ST Debt	23	17	8	12	20	54	74	86	215	152	173	232	149	173	461
+ ST Borrowings	21	17	8	12	20	54	74	86	215	152	173	217	130	153	440
+ ST Finance Leases	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	14	19	20	21
+ Other ST Liabilities	91	102	119	148	167	185	198	194	210	212	250	308	307	379	392
+ Deferred Revenue	- -	- -	119	148	167	185	198	194	210	212	250	308	307	379	392
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	91	101	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	159	167	178	211	291	363	388	393	550	514	613	689	663	870	1,212
+ LT Debt	22	12	138	139	214	539	568	722	950	1,119	1,249	1,544	1,728	2,039	1,902
+ LT Borrowings	21	12	138	139	214	539	568	722	950	1,119	1,249	1,442	1,612	1,944	1,820
+ LT Finance Leases	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	21	102	115	95	82
+ Other LT Liabilities	27	25	40	47	48	43	46	83	132	175	266	326	377	382	426
+ Accrued Liabilities	27	25	40	47	48	43	46	75	118	164	233	302	346	346	417
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	8	13	11	34	24	31	35	9
Total Noncurrent Liabilities	49	37	178	186	262	582	613	805	1,082	1,294	1,515	1,870	2,104	2,421	2,329
Total Liabilities	208	204	355	396	553	945	1,002	1,198	1,632	1,808	2,127	-14	2,768	2,097	3,541
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	172	181	187	201	209	221	229	238	254	271	290	330	692	709	741
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	172	181	187	201	209	221	229	238	254	271	290	330	692	709	741
- Treasury Stock	42	96	98	103	186	325	453	518	606	605	618	646	638	660	682
+ Retained Earnings	162	213	262	302	353	396	574	753	903	1,025	1,211	1,016	1,167	1,170	1,265
+ Other Equity	- -	- -	- -	- -	- -	1	1	- -	-3	-1	- -	- -	2	1	4
Equity Before Minority Interest	292	298	352	400	376	293	350	474	548	690	884	699	1,224	1,221	1,329
+ Minority/Non Controlling Interest	- -	- -	- -	1	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	292	298	352	402	377	294	350	474	548	690	884	699	1,224	1,221	1,329
Total Liabilities & Equity	500	501	707	798	930	1,239	1,352	1,672	2,180	2,499	3,011	685	3,991	3,318	4,869
Shares Outstanding	20	19	19	19	19	17	17	17	16	16	16	16	18	18	18
Capital Leases - Total	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	24	117	134	115	103
Net Debt	-48	-85	-5	61	137	503	555	744	1,105	1,190	1,300	1,506	1,377	1,867	2,116
Net Debt to Equity	-16.41	-28.6	-1.33	15.26	36.2	171.22	158.45	157	201.74	172.42	147.12	215.36	112.53	152.94	159.3
Tangible Common Equity Ratio	58.45	59.4	49.74	50.33	40.56	23.73	25.89	28.33	25.13	27.63	29.35	102.06	30.66	27.06	27.28
Current Ratio	1.83	1.32	2.12	1.97	1.48	1.19	1.02	1.07	0.98	0.96	0.92	1.37	2.02	1.46	0.83
Cash Conversion Cycle	-9.42	-6.46	-0.28	6.79	8.28	6.54	7.08	9.44	13.28	10.21	5.14	38.34	24.01	9.84	9.18
Number of Employees	1,734	1,826	1,719	1,938	2,235	2,564	3,018	3,589	3,951	3,901	4,697	4,068	4,733	5,315	5,643

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	76	66	49	78	92	86	220	220	195	162	232	-184	152	2	118
+ Depreciation & Amortization	30	35	42	58	69	83	98	105	122	129	156	176	181	198	223
+ Non-Cash Items	14	5	24	13	16	60	23	49	107	60	82	399	36	66	85
+ Stock-Based Compensation	3	4	5	4	10	17	10	9	14	15	18	19	16	15	30
+ Deferred Income Taxes	7	-1	14	6	-2	-7	9	30	42	38	68	69	44	2	38
+ Asset Impairment Charge	- -	- -	- -	- -	- -	43	- -	- -	35	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	4	2	5	2	8	7	3	9	15	7	-5	310	-24	49	17
+ Chg in Non-Cash Work Cap	12	-8	15	28	20	40	24	-26	-32	5	-29	-156	120	37	-2
+ (Inc) Dec in Accts Receiv	-2	- -	-5	-6	2	3	-1	-18	-31	36	10	-160	129	-30	33
+ (Inc) Dec in Inventories	-4	-2	-1	-4	-2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-10	-17	-1	- -	-9	9	6	2	-8	-5	-5	10	-4	-11	-2
+ Inc (Dec) in Accts Payable	9	4	2	3	7	12	7	17	14	21	19	-19	58	73	75
+ Inc (Dec) in Other	19	8	20	35	22	16	11	-27	-8	-46	-54	13	-64	5	-109
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	132	98	130	177	197	270	365	347	391	356	441	234	488	303	423
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	1	2	- -	- -	- -	- -	- -	- -	- -	88	256	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	1	2	- -	- -	- -	- -	- -	- -	- -	88	256	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-33	-98	-87	-105	-178	-279	-253	-200	-568	-335	-505	-280	-256	-435	-528
+ Acq of Fixed Prod Assets	-33	-98	-87	-105	-178	-279	-253	-200	-568	-335	-505	-280	-256	-435	-528
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-65	104	-132	-94	-26	-37	16	-83	-43	65	19	-182	-294	34	86
+ Dec in LT Investment	60	188	227	291	325	298	374	361	320	437	455	505	955	1,301	977
+ Inc in LT Investment	-125	-85	-359	-385	-352	-335	-358	-445	-363	-371	-436	-687	-1,249	-1,267	-891
+ Net Cash From Acq & Div	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	2	9	-11	10	1	2	-119	-7	1	10	9	-300	-91	-279
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-97	7	-208	-209	-193	-315	-234	-402	-619	-269	-476	-366	-593	-491	-722
+ Dividends Paid	- -	-15	- -	-39	- -	-42	-62	-68	-46	-45	-46	-11	- -	- -	-22
+ Net Cash From Debt	-19	-18	118	5	83	217	53	167	359	-21	169	209	282	162	162
+ Cash From Debt	7	14	139	14	106	385	121	321	498	211	875	428	583	864	643
+ Repayments of Debt	-26	-32	-21	-9	-23	-169	-68	-154	-139	-232	-706	-219	-301	-702	-481
+ Cash (Repurchase) of Equity	-25	-54	-2	-5	-84	-139	-129	-66	-90	-4	-19	-34	335	-30	-30
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	335	- -	- -
+ Decrease in Capital Stock	-25	-54	-2	-5	-84	-139	-129	-66	-90	-4	-19	-34	- -	-30	-30
+ Other Financing Activities	3	5	- -	10	4	2	5	-1	- -	8	-30	- -	-331	-99	103
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-41	-82	116	-29	4	37	-134	33	222	-62	75	165	285	33	213
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-7	23	37	-61	8	-8	-2	-22	-5	25	39	33	180	-155	-86
EBITDA	156	143	127	190	224	241	470	476	384	373	520	202	458	324	473
EBITDA Margin (%)	27.91	21.56	16.35	20.89	22.49	21.17	37.22	34.91	25.54	22.36	28.24	20.36	26.82	14.07	18.84
Net Cash Paid for Acquisitions	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	99	-1	43	72	19	-10	113	147	-177	22	-65	-46	233	-132	-105
Free Cash Flow to Firm	102	1	48	77	25	4	130	165	-138	65	-9	- -	285	-80	-25
Free Cash Flow to Equity	80	-18	162	78	103	207	166	314	181	1	104	251	770	30	57
Free Cash Flow per Basic Share	4.96	-0.03	2.29	3.76	1.02	-0.54	6.66	8.94	-11.03	1.36	-4.03	-2.86	13.52	-7.33	-5.86
Price/Free Cash Flow	5.83	4.99	4.79	4.97	5.37	4.78	4.71	5.02	2.55	2.33	2.97	5.77	4.38	1.64	1.59
Cash Flow to Net Income	1.73	1.49	2.63	2.25	2.13	3.11	1.66	1.58	2.01	2.2	1.9	-1.27	3.21	121.56	3.6

Allegiant Travel Company

ALGT US

50.71