SNCY Q2 2020 Earnings Report — Sun Country Airlines Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sun Country Airlines Holdings, Inc.SNCY

Q2 2020 Earnings

Reported June 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$35M	$180M	—	-80.4%	—
Op. Income	-$2M	$15M	—	-114.7%	—
Gross Margin	-63.9%	21.2%	—	-85.1pp	—
Net Margin	-17.1%	4.0%	—	-21.1pp	—
EPS (Diluted)	$-0.11	$0.13	—	-184.6%	—
Free Cash Flow	-$45M	-$61M	—	26.4%	—

Income Statement

Item	Amount
REVENUE	$35M
Cost of Revenue	$58M
GROSS PROFIT	-$23M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$0
SG&A Expenses	$2M
Other Expenses	-$22M
Operating Expenses	-$20M
Cost & Expenses	$38M
OPERATING INCOME	-$2M
Interest Income	$63.0K
Interest Expense	$5M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	-$8M
Income Tax Expense	-$2M
Net Income from Continuing Ops	-$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$6M
D&A	$12M
EBIT	-$2M
EBITDA	$10M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$6M
Depreciation & Amortization	$12M
Stock-Based Compensation	$388.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	-$1M
Change in Working Capital	-$30M
OPERATING CASH FLOW	-$27M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	-$190.0K
Sales/Maturities of Investments	$25.0K
Other Investing Activities	$0
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	$22M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$332.0K
NET CASH FROM FINANCING	$22M
FREE CASH FLOW	-$45M
Net Change in Cash	-$23M