ALGT FY 2016 Earnings Report — Allegiant Travel Company Revenue & Financial Results | Market Cap Arena

Allegiant Travel CompanyALGT

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	8.0%
Op. Income	$371M	—	$372M	—	-0.3%
Gross Margin	34.7%	—	36.3%	—	-1.7pp
Net Margin	16.1%	—	17.5%	—	-1.3pp
EPS (Diluted)	$13.29	—	$12.94	—	2.7%
Free Cash Flow	$147M	—	$113M	—	30.6%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$891M
GROSS PROFIT	$472M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$0
SG&A Expenses	$21M
Other Expenses	$1M
Operating Expenses	$102M
Cost & Expenses	$992M
OPERATING INCOME	$371M
Interest Income	$3M
Interest Expense	$29M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$346M
Income Tax Expense	$126M
Net Income from Continuing Ops	$221M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$220M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$219M
D&A	$105M
EBIT	$377M
EBITDA	$480M
EPS	$13
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$891M
GROSS PROFIT	$472M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$0
SG&A Expenses	$21M
Other Expenses	$1M
Operating Expenses	$102M
Cost & Expenses	$992M
OPERATING INCOME	$371M
Interest Income	$3M
Interest Expense	$29M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$346M
Income Tax Expense	$126M
Net Income from Continuing Ops	$221M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$220M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$219M
D&A	$105M
EBIT	$377M
EBITDA	$480M
EPS	$13
EPS Diluted	$13

Cash Flow Statement

Item	Amount
Net Income	$220M
Depreciation & Amortization	$105M
Stock-Based Compensation	$9M
Deferred Income Tax	$30M
Other Non-Cash Items	$9M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$347M
Capital Expenditure	-$200M
Acquisitions (Net)	$0
Purchases of Investments	-$445M
Sales/Maturities of Investments	$361M
Other Investing Activities	-$119M
NET CASH FROM INVESTING	-$402M
Net Debt Issuance	$167M
Common Stock Repurchased	-$66M
Common Dividends Paid	-$68M
Other Financing Activities	-$594.0K
NET CASH FROM FINANCING	$33M
FREE CASH FLOW	$147M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$269M
Net Receivables	$41M
Inventory	$17M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$422M
PP&E (Net)	$1.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$125M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$16M
Short-Term Debt	$86M
Deferred Revenue	$194M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$393M
Long-Term Debt	$722M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$75M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$805M
TOTAL LIABILITIES	$1.2B
Common Stock	$22.0K
Additional Paid-In Capital	$238M
Retained Earnings	$753M
Treasury Stock	-$518M
Accum. Other Comp. Income	-$230.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$474M
Minority Interest	$0
TOTAL EQUITY	$474M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$808M
Net Debt	$744M