ALGT FY 2007 Earnings Report — Allegiant Travel Company Revenue & Financial Results | Market Cap Arena

Allegiant Travel CompanyALGT

FY 2007 Earnings

Reported March 11, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$361M	—	$243M	—	48.2%
Op. Income	$44M	—	$23M	—	95.4%
Gross Margin	33.5%	—	29.7%	—	3.7pp
Net Margin	8.7%	—	3.6%	—	5.1pp
EPS (Diluted)	$1.53	—	$0.52	—	194.2%
Free Cash Flow	$32M	—	$7M	—	360.2%

Revenue Flow

Item	Amount
REVENUE	$361M
Cost of Revenue	$240M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$3M
SG&A Expenses	$16M
Other Expenses	$304M
Operating Expenses	$320M
Cost & Expenses	$559M
OPERATING INCOME	$44M
Interest Income	$9M
Interest Expense	$6M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$51M
Income Tax Expense	$19M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$16M
EBIT	$56M
EBITDA	$72M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$361M
Cost of Revenue	$240M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$3M
SG&A Expenses	$16M
Other Expenses	$304M
Operating Expenses	$320M
Cost & Expenses	$559M
OPERATING INCOME	$44M
Interest Income	$9M
Interest Expense	$6M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$51M
Income Tax Expense	$19M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$16M
EBIT	$56M
EBITDA	$72M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$16M
Stock-Based Compensation	$1M
Deferred Income Tax	$7M
Other Non-Cash Items	-$1M
Change in Working Capital	$19M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$42M
Acquisitions (Net)	$38M
Purchases of Investments	-$29M
Sales/Maturities of Investments	$6M
Other Investing Activities	-$42M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$16M
Common Stock Repurchased	-$647.0K
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$32M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$27M
Net Receivables	$15M
Inventory	$7M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$225M
PP&E (Net)	$171M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$2M
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$181M
TOTAL ASSETS	$405M
Account Payables	$21M
Short-Term Debt	$12M
Deferred Revenue	$14M
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$128M
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$67M
TOTAL LIABILITIES	$195M
Common Stock	$21.0K
Additional Paid-In Capital	$160M
Retained Earnings	$50M
Treasury Stock	$0
Accum. Other Comp. Income	$13.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$210M
Minority Interest	$0
TOTAL EQUITY	$210M
TOTAL LIABILITIES & EQUITY	$405M
Total Debt	$72M
Net Debt	-$72M