ULCC FY 2015 Earnings Report — Frontier Group Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Frontier Group Holdings, Inc.ULCC

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	0.7%
Op. Income	$233M	—	$228M	—	2.2%
Gross Margin	29.5%	—	26.4%	—	3.1pp
Net Margin	9.1%	—	8.8%	—	0.3pp
EPS (Diluted)	$0.68	—	$0.65	—	4.6%
Free Cash Flow	$62M	—	$115M	—	-46.1%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$473M
R&D Expenses	$0
Selling & Marketing	$79M
General & Administrative	$0
SG&A Expenses	$79M
Other Expenses	$118M
Operating Expenses	$197M
Cost & Expenses	$1.3B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$228M
Income Tax Expense	$82M
Net Income from Continuing Ops	$146M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$54M
EBIT	$233M
EBITDA	$287M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$473M
R&D Expenses	$0
Selling & Marketing	$79M
General & Administrative	$0
SG&A Expenses	$79M
Other Expenses	$118M
Operating Expenses	$197M
Cost & Expenses	$1.3B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$228M
Income Tax Expense	$82M
Net Income from Continuing Ops	$146M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$146M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$146M
D&A	$54M
EBIT	$233M
EBITDA	$287M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$146M
Depreciation & Amortization	$54M
Stock-Based Compensation	$44M
Deferred Income Tax	$14M
Other Non-Cash Items	$59M
Change in Working Capital	-$109M
OPERATING CASH FLOW	$208M
Capital Expenditure	-$146M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$36M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$91M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$91M
FREE CASH FLOW	$62M
Net Change in Cash	$156M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$0
Net Receivables	$76M
Inventory	$10M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$535M
PP&E (Net)	$265M
Goodwill	$0
Intangible Assets	$37M
Long-Term Investments	-$80M
Tax Assets	$80M
Other Non-Current Assets	$291M
TOTAL NON-CURRENT ASSETS	$593M
TOTAL ASSETS	$1.1B
Account Payables	$25M
Short-Term Debt	$103M
Deferred Revenue	$3M
Other Current Liabilities	$313M
TOTAL CURRENT LIABILITIES	$492M
Long-Term Debt	$118M
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$294M
TOTAL LIABILITIES	$786M
Common Stock	$0
Additional Paid-In Capital	$53M
Retained Earnings	$299M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$342M
Minority Interest	$0
TOTAL EQUITY	$342M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$233M
Net Debt	-$186M