Financial Snapshot

Revenue
$5.065B
TTM
Gross Margin
12.2%
TTM
Net Earnings
-$827.5M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
47.92%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$4.527B
Q3 2024
Book Value
$4.966B
Q3 2024
Cash
Q3 2024
P/E
-0.1429
Nov 29, 2024 EST
Free Cash Flow
-$557.8M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $5.363B $5.068B $3.231B $1.810B $3.831B $3.323B $2.648B $2.322B $2.142B $1.932B $1.654B $1.318B $1.071B $781.3M $700.0M $787.3M $762.9M
YoY Change 5.8% 56.88% 78.5% -52.75% 15.27% 25.51% 14.03% 8.43% 10.87% 16.76% 25.49% 23.08% 37.11% 11.6% -11.08% 3.2% 40.45%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $5.363B $5.068B $3.231B $1.810B $3.831B $3.323B $2.648B $2.322B $2.142B $1.932B $1.654B $1.318B $1.071B $781.3M $700.0M $787.3M $762.9M
Cost Of Revenue $4.451B $3.999B $2.702B $1.899B $2.441B $2.180B $1.641B $1.372B $1.256B $1.297B $1.118B $951.9M $780.5M $582.6M $476.1M $619.3M $583.4M
Gross Profit $911.7M $1.070B $529.3M -$89.40M $1.390B $1.143B $1.003B $948.1M $885.5M $634.7M $536.2M $366.5M $290.7M $198.6M $223.9M $168.0M $179.4M
Gross Profit Margin 17.0% 21.11% 16.38% -4.94% 36.28% 34.39% 37.89% 40.83% 41.35% 32.86% 32.41% 27.8% 27.14% 25.42% 31.98% 21.34% 23.52%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $190.9M $177.6M $132.5M $85.10M $153.8M $137.0M $113.5M $96.90M $86.60M $74.80M $67.50M $56.70M $51.30M $41.20M $34.10M $37.80M $36.30M
YoY Change 7.51% 34.01% 55.7% -44.67% 12.26% 20.7% 17.13% 11.89% 15.78% 10.81% 19.05% 10.53% 24.51% 20.82% -9.79% 4.13% 24.32%
% of Gross Profit 20.94% 16.6% 25.03% 11.07% 11.99% 11.31% 10.22% 9.78% 11.79% 12.59% 15.47% 17.65% 20.75% 15.23% 22.5% 20.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $320.9M $313.1M $297.2M $278.6M $225.3M $176.7M $140.2M $101.1M $73.91M $46.97M $31.95M $15.30M $7.760M $5.620M $4.924M $4.200M $5.400M
YoY Change 2.49% 5.34% 6.68% 23.67% 27.46% 26.1% 38.58% 36.84% 57.35% 47.03% 108.8% 97.16% 38.08% 14.13% 17.24% -22.22% -43.75%
% of Gross Profit 35.19% 29.27% 56.16% 16.21% 15.47% 13.97% 10.67% 8.35% 7.4% 5.96% 4.17% 2.67% 2.83% 2.2% 2.5% 3.01%
Operating Expenses $1.298B $1.202B $960.5M $718.9M $3.329B $2.972B $2.259B $1.879B $1.632B $1.576B $1.372B $1.144B $150.3M $130.6M $131.6M $181.3M $147.3M
YoY Change 8.0% 25.12% 33.61% -78.41% 12.02% 31.58% 20.24% 15.08% 3.55% 14.88% 19.9% 661.41% 15.08% -0.76% -27.41% 23.08% 28.09%
Operating Profit -$495.8M -$598.9M -$56.87M -$507.8M $501.0M $350.9M $384.8M $441.5M $509.1M $355.3M $282.3M $174.0M $144.4M $68.87M $111.4M -$13.30M $32.10M
YoY Change -17.22% 953.06% -88.8% -201.34% 42.78% -8.81% -12.83% -13.29% 43.31% 25.85% 62.25% 20.51% 109.64% -38.18% -937.66% -141.43% -212.24%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$74.18M -$97.00M -$131.2M -$112.2M -$63.70M -$54.80M -$34.80M -$23.70M -$13.40M -$4.600M $214.0K $1.350M $24.78M $50.31M $46.89M -$38.10M -$30.50M
YoY Change -23.52% -26.09% 16.97% 76.14% 16.24% 57.47% 46.84% 76.87% 191.3% -2249.53% -84.15% -94.55% -50.75% 7.3% -223.08% 24.92% 96.77%
% of Operating Profit -12.71% -15.62% -9.04% -5.37% -2.63% -1.29% 0.08% 0.78% 17.16% 73.05% 42.09% -95.02%
Other Income/Expense, Net -$62.84M -$101.8M -$463.4M -$112.4M -$64.62M -$145.9M -$35.14M -$24.20M -$6.719M -$2.269M $118.0K $594.0K -$21.55M -$48.69M -$26.18M $53.50M -$100.0K
YoY Change -38.29% -78.03% 312.24% 73.97% -55.72% 315.32% 45.2% 260.19% 196.12% -2022.88% -80.13% -102.76% -55.74% 85.95% -148.94% -53600.0% 0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$558.6M -$700.7M -$520.3M -$620.2M $436.4M $205.0M $349.7M $417.3M $502.4M $353.0M $282.4M $174.6M $122.8M $20.19M $85.23M $33.60M $1.400M
YoY Change -20.28% 34.67% -16.1% -242.11% 112.92% -41.38% -16.19% -16.95% 42.33% 24.99% 61.76% 42.13% 508.53% -76.32% 153.65% 2300.0% -101.73%
Income Tax -$111.1M -$146.6M -$47.75M -$191.5M $101.2M $49.23M -$65.84M $153.8M $185.2M $127.5M $105.5M $66.12M $46.38M -$52.30M $1.533M $400.0K $0.00
% Of Pretax Income 23.18% 24.02% -18.83% 36.85% 36.86% 36.13% 37.35% 37.88% 37.76% -259.08% 1.8% 1.19% 0.0%
Net Earnings -$447.5M -$554.2M -$472.6M -$428.7M $335.3M $155.7M $415.5M $263.5M $317.2M $225.5M $176.9M $108.5M $76.45M $72.48M $83.69M $33.30M $1.400M
YoY Change -19.25% 17.26% 10.23% -227.87% 115.25% -62.52% 57.7% -16.94% 40.7% 27.44% 63.12% 41.87% 5.47% -13.4% 151.33% 2278.57% -101.73%
Net Earnings / Revenue -8.34% -10.93% -14.63% -23.69% 8.75% 4.69% 15.69% 11.35% 14.81% 11.67% 10.69% 8.23% 7.14% 9.28% 11.96% 4.23% 0.18%
Basic Earnings Per Share -$4.10 -$5.10 -$4.50 -$5.06 $4.90 $2.28 $6.00 $3.75 $4.39 $3.10 $2.44 $1.50 $1.44 $2.77 $3.23
Diluted Earnings Per Share -$4.10 -$5.10 -$4.50 -$5.06 $4.89 $2.28 $5.99 $3.74 $4.38 $3.08 $2.42 $1.49 $1.43 $2.72 $3.18 $463.8K $19.50K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $977.7M $1.453B $1.440B $1.896B $1.084B $1.108B $901.8M $801.1M $803.6M $632.8M $530.6M $416.8M $343.3M $82.70M $86.10M
YoY Change -32.73% 0.95% -24.06% 74.87% -2.09% 22.81% 12.57% -0.31% 26.99% 19.26% 27.3% 21.41% 315.11% -3.95%
Cash & Equivalents $865.2M $1.346B $1.334B $1.790B $979.0M $1.005B $800.8M $700.9M $803.6M $632.8M $530.6M $416.8M $343.3M $82.70M $86.10M
Short-Term Investments $112.5M $107.1M $106.3M $106.3M $105.3M $102.8M $100.9M $100.2M
Other Short-Term Assets $328.9M $307.0M $236.0M $269.5M $206.3M $190.3M $261.1M $133.6M $194.4M $66.10M $95.20M $107.8M $83.90M $159.0M $69.30M
YoY Change 7.16% 30.1% -12.45% 30.63% 8.41% -27.12% 95.43% -31.28% 194.1% -30.57% -11.69% 28.49% -47.23% 129.44%
Inventory
Prepaid Expenses
Receivables $205.5M $197.3M $128.8M $42.90M $73.80M $47.70M $49.30M $41.10M $28.30M $22.70M $23.20M $22.70M $15.40M $9.500M $8.300M
Other Receivables $0.00 $36.26M $37.89M $147.5M $21.00M $0.00 $69.90M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $1.512B $1.994B $1.842B $2.356B $1.385B $1.346B $1.282B $975.8M $1.026B $721.5M $649.1M $547.4M $442.7M $251.2M $163.8M
YoY Change -24.17% 8.22% -21.8% 70.06% 2.97% 4.95% 31.39% -4.92% 42.25% 11.15% 18.58% 23.65% 76.23% 53.36%
Property, Plant & Equipment $7.080B $6.449B $5.807B $5.249B $4.900B $3.116B $2.239B $1.465B $844.2M $225.4M $35.60M $28.40M $23.20M $19.30M $18.40M
YoY Change 9.79% 11.05% 10.62% 7.13% 57.25% 39.2% 52.78% 73.56% 274.53% 533.15% 25.35% 22.41% 20.21% 4.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $825.0M $741.7M $890.4M $793.5M $758.1M $704.0M $625.2M $710.9M $660.0M $645.9M $496.1M $344.1M $279.9M $205.2M $145.7M
YoY Change 11.22% -16.7% 12.21% 4.67% 7.68% 12.6% -12.06% 7.71% 2.18% 30.2% 44.17% 22.94% 36.4% 40.84%
Total Long-Term Assets $7.905B $7.191B $6.698B $6.043B $5.658B $3.820B $2.864B $2.176B $1.504B $871.3M $531.7M $372.5M $303.1M $224.6M $164.1M
YoY Change 9.93% 7.36% 10.83% 6.8% 48.12% 33.39% 31.6% 44.67% 72.64% 63.87% 42.74% 22.9% 34.95% 36.87%
Total Assets $9.417B $9.185B $8.540B $8.399B $7.043B $5.166B $4.146B $3.152B $2.531B $1.593B $1.181B $919.9M $745.8M $475.8M $327.9M
YoY Change
Accounts Payable $42.10M $75.45M $44.95M $28.50M $43.60M $39.30M $22.80M $15.20M $17.00M $13.40M $23.10M $24.20M $15.90M $13.40M $15.30M
YoY Change -44.2% 67.84% 57.73% -34.63% 10.94% 72.37% 50.0% -10.59% 26.87% -41.99% -4.55% 52.2% 18.66% -12.42%
Accrued Expenses $1.174B $1.123B $965.8M $830.5M $754.2M $590.8M $486.0M $400.6M $361.2M $314.8M $294.3M $152.5M $112.3M $104.8M $86.60M
YoY Change 4.52% 16.27% 16.29% 10.12% 27.66% 21.56% 21.32% 10.91% 14.74% 6.97% 92.98% 35.8% 7.16% 21.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $315.6M $346.9M $208.9M $384.2M $258.9M $163.6M $115.4M $84.40M $49.60M $10.40M $0.00 $0.00 $23.20M $3.200M
YoY Change -9.03% 66.02% -45.61% 48.4% 58.25% 41.77% 36.73% 70.16% 376.92% -100.0% 625.0%
Total Short-Term Liabilities $1.672B $1.597B $1.276B $1.342B $1.112B $834.5M $664.3M $532.0M $466.2M $365.6M $336.0M $276.9M $227.1M $214.4M $163.9M
YoY Change 4.7% 25.16% -4.95% 20.68% 33.25% 25.62% 24.87% 14.11% 27.52% 8.81% 21.34% 21.93% 5.92% 30.81%
Long-Term Debt $3.055B $3.200B $2.976B $3.067B $1.961B $2.025B $1.388B $897.4M $596.7M $135.2M $0.00 $0.00 $0.00 $91.70M $87.10M
YoY Change -4.54% 7.55% -2.96% 56.42% -3.18% 45.93% 54.61% 50.39% 341.35% -100.0% 5.28%
Other Long-Term Liabilities $3.448B $2.589B $1.799B $1.301B $1.240B $22.50M $22.60M $19.90M $20.80M $22.50M $26.70M $27.20M $39.90M $274.7M $255.0M
YoY Change 33.17% 43.92% 38.33% 4.86% 5412.44% -0.44% 13.57% -4.33% -7.56% -15.73% -1.84% -31.83% -85.48% 7.73%
Total Long-Term Liabilities $6.504B $5.790B $4.775B $4.367B $3.201B $2.047B $1.410B $917.3M $617.5M $157.7M $26.70M $27.20M $39.90M $366.4M $342.1M
YoY Change 12.33% 21.25% 9.34% 36.44% 56.34% 45.19% 53.72% 48.55% 291.57% 490.64% -1.84% -31.83% -89.11% 7.1%
Total Liabilities $8.283B $7.613B $6.426B $6.149B $4.782B $3.237B $2.383B $1.757B $1.305B $589.7M $411.6M $337.3M $279.1M $580.8M $506.0M
YoY Change 8.8% 18.47% 4.5% 28.59% 47.73% 35.83% 35.62% 34.64% 121.33% 43.27% 22.03% 20.85% -51.95% 14.78%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $118.28 Million

About Spirit Airlines, Inc.

Spirit Airlines, Inc. engages in the provision of air transportation services. The company is headquartered in Dania Beach, Florida and currently employs 13,167 full-time employees. The company went IPO on 2011-05-26. The Company’s all-Airbus fleet is one of the most fuel efficient in the United States. The company serves approximately 93 destinations in 15 countries throughout the United States, Latin America and the Caribbean. Its ultra low-cost carrier (ULCC) business model allows it to compete principally by offering Guests unbundled base fares that remove components traditionally included in the price of an airline ticket. The company provides customizable travel options starting with an unbundled fare. This allows its Guests to pay only for the options they choose like bags, seat assignments, refreshments and Wi-Fi - something the Company call A La Smarte. The firm operate the Spirit Saver$ Club, which is a subscription-based loyalty program that allows members access to unpublished, extra-low fares as well as discounted prices on bags and seats, shortcut boarding and security. The company also operates the Free Spirit loyalty program.

Industry: Air Transportation, Scheduled Peers: ALASKA AIR GROUP, INC. Allegiant Travel CO American Airlines Group Inc. DELTA AIR LINES, INC. Frontier Group Holdings, Inc. JETBLUE AIRWAYS CORP Joby Aviation, Inc. Sun Country Airlines Holdings, Inc. SOUTHWEST AIRLINES CO United Airlines Holdings, Inc.