ALGT FY 2009 Earnings Report — Allegiant Travel Company Revenue & Financial Results | Market Cap Arena

Allegiant Travel CompanyALGT

FY 2009 Earnings

Reported March 9, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$558M	—	$504M	—	10.7%
Op. Income	$122M	—	$56M	—	118.9%
Gross Margin	51.6%	—	38.1%	—	13.5pp
Net Margin	13.7%	—	7.0%	—	6.7pp
EPS (Diluted)	$3.76	—	$1.73	—	117.3%
Free Cash Flow	$99M	—	$18M	—	466.3%

Revenue Flow

Item	Amount
REVENUE	$558M
Cost of Revenue	$270M
GROSS PROFIT	$288M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$90M
SG&A Expenses	$106M
Other Expenses	$30M
Operating Expenses	$162M
Cost & Expenses	$432M
OPERATING INCOME	$122M
Interest Income	$2M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$121M
Income Tax Expense	$44M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$30M
EBIT	$125M
EBITDA	$154M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$558M
Cost of Revenue	$270M
GROSS PROFIT	$288M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$90M
SG&A Expenses	$106M
Other Expenses	$30M
Operating Expenses	$162M
Cost & Expenses	$432M
OPERATING INCOME	$122M
Interest Income	$2M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$121M
Income Tax Expense	$44M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$30M
EBIT	$125M
EBITDA	$154M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$30M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	$4M
Change in Working Capital	$12M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$33M
Acquisitions (Net)	-$4M
Purchases of Investments	-$125M
Sales/Maturities of Investments	$60M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$97M
Net Debt Issuance	-$19M
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$41M
FREE CASH FLOW	$99M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$90M
Short-Term Investments	$141M
Net Receivables	$7M
Inventory	$11M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$290M
PP&E (Net)	$205M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1M
Tax Assets	$0
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$210M
TOTAL ASSETS	$500M
Account Payables	$21M
Short-Term Debt	$21M
Deferred Revenue	$24M
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$159M
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$208M
Common Stock	$21.0K
Additional Paid-In Capital	$172M
Retained Earnings	$162M
Treasury Stock	-$42M
Accum. Other Comp. Income	$92.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$292M
Minority Interest	$0
TOTAL EQUITY	$292M
TOTAL LIABILITIES & EQUITY	$500M
Total Debt	$46M
Net Debt	-$44M