Spirit Airlines (SAVE) Financial Statements
Price: $1.08
Market Cap: $118.28M
Avg Volume: -
Market Cap: $118.28M
Avg Volume: -
Country: US
Industry: Airlines, Airports & Air Services
Sector: Industrials
Industry: Airlines, Airports & Air Services
Sector: Industrials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Spirit Airlines.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.36B | $5.07B | $3.23B | $1.81B | $3.83B | $3.32B | $2.65B | $2.32B | $2.14B | $1.93B |
| Cost of Revenue | $4.77B | $4.31B | $3.00B | $2.18B | $2.82B | $2.36B | $1.78B | $1.47B | $1.34B | $1.35B |
| Gross Profit | $590.87M | $756.65M | $232.06M | $-368.01M | $1.01B | $965.95M | $867.03M | $848.86M | $804.84M | $582.81M |
| Gross Profit Ratio | 11.00% | 14.93% | 7.20% | -20.33% | 26.38% | 29.07% | 32.75% | 36.56% | 37.58% | 30.17% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $190.89M | $177.56M | $132.50M | $85.06M | $153.77M | $137.00M | $113.62M | $96.63M | $86.58M | $74.82M |
| Selling General and Administrative Expenses | $190.89M | $177.56M | $132.50M | $85.06M | $153.77M | $137.00M | $113.62M | $96.63M | $86.58M | $74.82M |
| Other Expenses | $895.74M | $-4.82M | $-577.00K | $-211.00K | $-875.00K | $-752.00K | $-366.00K | $-528.00K | $-15.00K | $-2.60M |
| Operating Expenses | $1.33B | $888.77M | $663.33M | $440.25M | $645.20M | $516.54M | $461.29M | $364.09M | $294.14M | $225.08M |
| Cost and Expenses | $5.86B | $5.20B | $3.66B | $2.62B | $3.31B | $2.87B | $2.24B | $1.84B | $1.63B | $1.57B |
| Interest Income | $61.65M | $20.15M | $5.37M | $6.31M | $25.13M | $19.11M | $8.74M | $5.28M | $2.12M | $336.00K |
| Interest Expense | $122.50M | $100.79M | $121.09M | $118.53M | $88.88M | $73.94M | $43.51M | $28.95M | $8.83M | $2.75M |
| Depreciation and Amortization | $320.87M | $313.09M | $297.21M | $278.59M | $225.26M | $176.73M | $140.15M | $101.14M | $73.91M | $46.97M |
| EBITDA | $-101.89M | $-270.56M | $-86.50M | $-223.07M | $750.57M | $455.64M | $533.35M | $549.54M | $585.14M | $399.96M |
| EBITDA Ratio | -1.90% | -5.00% | -4.48% | -28.93% | 20.07% | 19.39% | 20.78% | 25.35% | 27.43% | 20.86% |
| Operating Income | $-495.76M | $-598.92M | $-56.87M | $-507.76M | $501.05M | $350.91M | $384.82M | $441.46M | $509.12M | $355.26M |
| Operating Income Ratio | -9.24% | -11.82% | -1.76% | -28.05% | 13.08% | 10.56% | 14.53% | 19.01% | 23.77% | 18.39% |
| Total Other Income Expenses Net | $-62.84M | $-101.82M | $-463.45M | $-112.42M | $-64.62M | $-145.94M | $-35.14M | $-22.00M | $-6.72M | $-2.27M |
| Income Before Tax | $-558.60M | $-700.74M | $-520.32M | $-620.18M | $436.43M | $204.98M | $353.65M | $419.46M | $502.40M | $352.99M |
| Income Before Tax Ratio | -10.42% | -13.83% | -16.11% | -34.26% | 11.39% | 6.17% | 13.36% | 18.06% | 23.46% | 18.27% |
| Income Tax Expense | $-111.13M | $-146.59M | $-47.75M | $-191.48M | $101.17M | $49.23M | $-66.95M | $154.58M | $185.18M | $127.53M |
| Net Income | $-447.46M | $-554.15M | $-472.57M | $-428.70M | $335.25M | $155.75M | $415.52M | $263.48M | $317.22M | $225.46M |
| Net Income Ratio | -8.34% | -10.93% | -14.63% | -23.68% | 8.75% | 4.69% | 15.69% | 11.35% | 14.81% | 11.67% |
| EPS | $-4.10 | $-5.10 | $-4.50 | $-5.06 | $4.90 | $2.28 | $6.08 | $3.77 | $4.39 | $3.10 |
| EPS Diluted | $-4.10 | $-5.10 | $-4.50 | $-5.06 | $4.89 | $2.28 | $6.06 | $3.76 | $4.38 | $3.08 |
| Weighted Average Shares Outstanding | 109.15M | 108.75M | 105.00M | 84.69M | 68.43M | 68.25M | 69.22M | 70.34M | 72.21M | 72.74M |
| Weighted Average Shares Outstanding Diluted | 109.15M | 108.75M | 105.00M | 84.69M | 68.56M | 68.43M | 69.38M | 70.51M | 72.43M | 73.29M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $865.21M | $1.35B | $1.33B | $1.79B | $978.96M | $1.00B | $800.85M | $700.90M | $803.63M | $632.78M |
| Short Term Investments | $112.50M | $107.11M | $106.31M | $106.34M | $105.32M | $102.79M | $100.94M | $100.16M | $- | $- |
| Cash and Short Term Investments | $977.71M | $1.45B | $1.44B | $1.90B | $1.08B | $1.11B | $901.79M | $801.05M | $803.63M | $632.78M |
| Net Receivables | $205.47M | $233.54M | $166.72M | $190.40M | $94.82M | $47.66M | $119.17M | $41.14M | $28.27M | $22.68M |
| Inventory | $- | $- | $-37.89M | $-147.46M | $-21.01M | $1 | $-4.00M | $- | $- | $- |
| Other Current Assets | $328.95M | $306.98M | $235.95M | $269.52M | $101.14M | $273.67M | $85.54M | $180.27M | $48.75M | $104.84M |
| Total Current Assets | $1.51B | $1.99B | $1.84B | $2.36B | $1.39B | $1.35B | $1.28B | $975.85M | $1.03B | $731.14M |
| Property Plant Equipment Net | $7.56B | $6.94B | $6.29B | $5.61B | $5.19B | $3.35B | $2.49B | $1.79B | $1.13B | $468.26M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $107.76M | $226.84M | $375.47M | $439.89M | $469.29M | $355.14M | $313.14M | $308.14M | $221.48M | $9.64M |
| Other Non-Current Assets | $236.48M | $27.32M | $30.13M | $-2.70M | $-3.11M | $112.06M | $58.39M | $77.03M | $151.67M | $393.94M |
| Total Non-Current Assets | $7.91B | $7.19B | $6.70B | $6.04B | $5.66B | $3.82B | $2.86B | $2.18B | $1.50B | $871.84M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B | $5.17B | $4.14B | $3.15B | $2.53B | $1.60B |
| Account Payables | $42.10M | $75.45M | $44.95M | $28.45M | $43.60M | $39.32M | $22.82M | $15.19M | $17.04M | $13.40M |
| Short Term Debt | $576.56M | $535.18M | $367.58M | $517.99M | $379.51M | $163.56M | $115.43M | $84.35M | $49.64M | $10.43M |
| Tax Payables | $104.45M | $96.42M | $77.41M | $36.88M | $65.31M | $60.60M | $42.04M | $42.06M | $38.25M | $45.91M |
| Deferred Revenue | $383.75M | $429.62M | $382.32M | $401.97M | $315.41M | $291.98M | $246.40M | $206.39M | $216.83M | $188.87M |
| Other Current Liabilities | $564.74M | $459.91M | $403.35M | $356.73M | $308.21M | $571.05M | $484.05M | $390.34M | $361.31M | $295.88M |
| Total Current Liabilities | $1.67B | $1.60B | $1.28B | $1.34B | $1.11B | $834.53M | $643.02M | $531.95M | $466.24M | $365.62M |
| Long Term Debt | $6.35B | $5.66B | $4.73B | $4.32B | $3.18B | $2.02B | $1.05B | $897.36M | $596.69M | $135.82M |
| Deferred Revenue Non-Current | $149.45M | $133.70M | $47.74M | $52.06M | $22.28M | $22.50M | $19.20M | $19.87M | $20.82M | $22.45M |
| Deferred Tax Liabilities Non-Current | $107.76M | $226.84M | $375.47M | $439.89M | $469.29M | $355.14M | $313.14M | $308.14M | $221.48M | $76.01M |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $-950.00K | $- | $- | $- |
| Total Non-Current Liabilities | $6.61B | $6.02B | $5.15B | $4.81B | $3.67B | $2.40B | $1.72B | $1.23B | $839.00M | $234.28M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.28B | $7.61B | $6.43B | $6.15B | $4.78B | $3.24B | $2.36B | $1.76B | $1.31B | $599.91M |
| Preferred Stock | $- | $- | $- | $- | $- | $193.00K | $464.00K | $345.00K | $- | $- |
| Common Stock | $11.00K | $11.00K | $11.00K | $10.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $56.76M | $504.22M | $1.06B | $1.52B | $1.96B | $1.63B | $1.48B | $1.06B | $798.75M | $481.53M |
| Accumulated Other Comprehensive Income Loss | $-67.00K | $-596.00K | $-532.00K | $-618.00K | $-787.00K | $-1.19M | $-1.46M | $-1.34M | $-1.55M | $-718.00K |
| Other Total Stockholders Equity | $1.08B | $1.07B | $1.06B | $725.42M | $306.93M | $304.21M | $294.30M | $332.31M | $428.10M | $522.25M |
| Total Stockholders Equity | $1.13B | $1.57B | $2.11B | $2.25B | $2.26B | $1.93B | $1.78B | $1.39B | $1.23B | $1.00B |
| Total Equity | $1.13B | $1.57B | $2.11B | $2.25B | $2.26B | $1.93B | $1.78B | $1.39B | $1.23B | $1.00B |
| Total Liabilities and Stockholders Equity | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B | $5.17B | $4.14B | $3.15B | $2.53B | $1.60B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B | $5.17B | $4.14B | $3.15B | $2.53B | $1.60B |
| Total Investments | $112.50M | $107.11M | $106.31M | $106.34M | $105.32M | $102.79M | $100.94M | $100.16M | $- | $- |
| Total Debt | $6.93B | $6.21B | $5.12B | $4.90B | $3.58B | $2.19B | $1.50B | $981.71M | $646.33M | $146.25M |
| Net Debt | $6.07B | $4.87B | $3.78B | $3.11B | $2.60B | $1.18B | $702.08M | $280.81M | $-157.30M | $-486.54M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-447.46M | $-554.15M | $-472.57M | $-428.70M | $335.25M | $155.75M | $420.61M | $264.88M | $317.22M | $225.46M |
| Depreciation and Amortization | $320.87M | $313.09M | $297.21M | $278.59M | $225.26M | $176.73M | $140.15M | $101.14M | $73.91M | $46.97M |
| Deferred Income Tax | $-119.24M | $-148.61M | $-49.50M | $-46.09M | $115.69M | $46.30M | $-1.61M | $86.55M | $155.61M | $34.12M |
| Stock Based Compensation | $11.96M | $11.48M | $12.54M | $11.57M | $8.15M | $11.02M | $8.52M | $7.11M | $9.22M | $8.80M |
| Change in Working Capital | $-30.62M | $-120.16M | $71.21M | $-63.93M | $-300.64M | $7.98M | $-167.83M | $-33.73M | $-88.09M | $-54.87M |
| Accounts Receivables | $27.91M | $-68.34M | $-85.80M | $30.49M | $-26.15M | $1.67M | $-8.13M | $-12.95M | $-5.59M | $606.00K |
| Inventory | $- | $- | $237.68M | $-88.69M | $-122.53M | $153.10M | $-110.02M | $-2.38M | $-121.59M | $-66.58M |
| Accounts Payables | $-34.05M | $9.03M | $13.06M | $-17.05M | $569.00K | $15.32M | $-11.46M | $-6.82M | $2.71M | $-10.03M |
| Other Working Capital | $-24.48M | $-60.85M | $-93.73M | $11.33M | $-152.53M | $-162.11M | $-38.23M | $-11.58M | $36.39M | $21.14M |
| Other Non Cash Items | $17.83M | $409.32M | $350.00M | $23.27M | $167.60M | $108.69M | $25.40M | $47.75M | $5.12M | $31.00K |
| Net Cash Provided by Operating Activities | $-246.66M | $-89.02M | $208.89M | $-225.27M | $551.32M | $506.46M | $425.24M | $473.68M | $472.99M | $260.51M |
| Investments in Property Plant and Equipment | $-255.56M | $-264.25M | $-350.38M | $-548.83M | $-334.54M | $-793.12M | $-790.66M | $-725.90M | $-701.28M | $-302.37M |
| Acquisitions Net | $- | $- | $-17.26M | $-12.23M | $-10.77M | $2.67M | $137.17M | $163.16M | $- | $- |
| Purchases of Investments | $-127.63M | $-110.69M | $-105.36M | $-118.89M | $-122.41M | $-124.43M | $-107.25M | $-103.26M | $- | $- |
| Sales Maturities of Investments | $125.57M | $109.50M | $104.50M | $117.67M | $120.83M | $122.95M | $105.91M | $2.84M | $- | $- |
| Other Investing Activities | $221.11M | $-2.00K | $16.05M | $8.29M | $-110.04M | $8.23M | $-137.17M | $-163.11M | $-142.32M | $-115.80M |
| Net Cash Used for Investing Activities | $-36.51M | $-265.44M | $-352.44M | $-554.00M | $-456.93M | $-783.71M | $-792.00M | $-826.27M | $-701.28M | $-302.37M |
| Debt Repayment | $-203.27M | $397.12M | $-663.80M | $1.33B | $-117.44M | $489.10M | $526.99M | $352.85M | $517.72M | $153.97M |
| Common Stock Issued | $- | $- | $375.66M | $366.78M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-2.64M | $-2.36M | $-1.51M | $-1.67M | $-5.44M | $-1.16M | $-46.58M | $-102.51M | $-112.26M | $-1.63M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $7.95M | $-3.47M | $996.00K | $-36.36M | $2.71M | $-6.81M | $-13.70M | $-485.00K | $-6.31M | $-8.32M |
| Net Cash Used Provided by Financing Activities | $-197.96M | $391.30M | $-288.66M | $1.66B | $-120.17M | $481.13M | $466.71M | $249.86M | $399.14M | $144.01M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-481.13M | $36.84M | $-432.22M | $882.17M | $-25.78M | $203.88M | $99.95M | $-102.73M | $170.85M | $102.15M |
| Cash at End of Period | $984.61M | $1.47B | $1.43B | $1.86B | $978.96M | $1.00B | $800.85M | $700.90M | $803.63M | $632.78M |
| Cash at Beginning of Period | $1.47B | $1.43B | $1.86B | $978.96M | $1.00B | $800.85M | $700.90M | $803.63M | $632.78M | $530.63M |
| Operating Cash Flow | $-246.66M | $-89.02M | $208.89M | $-225.27M | $551.32M | $506.46M | $425.24M | $473.68M | $472.99M | $260.51M |
| Capital Expenditure | $-277.42M | $-264.25M | $-350.38M | $-548.83M | $-334.54M | $-793.12M | $-790.66M | $-725.90M | $-701.28M | $-302.37M |
| Free Cash Flow | $-524.08M | $-353.27M | $-141.49M | $-774.10M | $216.78M | $-286.66M | $-365.42M | $-252.22M | $-228.30M | $-41.86M |