ALGT FY 2008 Earnings Report — Allegiant Travel Company Revenue & Financial Results | Market Cap Arena

Allegiant Travel CompanyALGT

FY 2008 Earnings

Reported March 3, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$504M	—	$361M	—	39.8%
Op. Income	$56M	—	$44M	—	26.8%
Gross Margin	38.1%	—	33.5%	—	4.7pp
Net Margin	7.0%	—	8.7%	—	-1.7pp
EPS (Diluted)	$1.73	—	$1.53	—	13.1%
Free Cash Flow	$18M	—	$32M	—	-45.0%

Revenue Flow

Item	Amount
REVENUE	$504M
Cost of Revenue	$312M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$0
SG&A Expenses	$14M
Other Expenses	$23M
Operating Expenses	$448M
Cost & Expenses	$448M
OPERATING INCOME	$56M
Interest Income	$5M
Interest Expense	$5M
Other Income/Expenses	-$596.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$23M
EBIT	$61M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$504M
Cost of Revenue	$312M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$0
SG&A Expenses	$14M
Other Expenses	$23M
Operating Expenses	$448M
Cost & Expenses	$448M
OPERATING INCOME	$56M
Interest Income	$5M
Interest Expense	$5M
Other Income/Expenses	-$596.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$23M
EBIT	$61M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$23M
Stock-Based Compensation	$2M
Deferred Income Tax	$6M
Other Non-Cash Items	$747.0K
Change in Working Capital	$4M
OPERATING CASH FLOW	$72M
Capital Expenditure	-$54M
Acquisitions (Net)	$0
Purchases of Investments	-$102M
Sales/Maturities of Investments	$53M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$101M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$17M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$18M
Net Change in Cash	-$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$78M
Net Receivables	$6M
Inventory	$7M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$214M
PP&E (Net)	$206M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$711.0K
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$210M
TOTAL ASSETS	$424M
Account Payables	$17M
Short-Term Debt	$23M
Deferred Revenue	$19M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$131M
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$190M
Common Stock	$21.0K
Additional Paid-In Capital	$164M
Retained Earnings	$86M
Treasury Stock	-$17M
Accum. Other Comp. Income	$566.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$234M
Minority Interest	$0
TOTAL EQUITY	$234M
TOTAL LIABILITIES & EQUITY	$424M
Total Debt	$65M
Net Debt	-$32M