Income Statement Spirit Aviation Holdings, Inc.

Equities

FLYY

US84863V1017

Airlines

Market Closed - Nyse Other stock markets 04:00:00 2025-07-11 pm EDT			5-day change	1st Jan Change
4.860 ^USD	-1.62%		-4.89%	0.00%

Jun. 30	Spirit Aviation Holdings, Inc.(NYSEAM:FLYY) added to Russell 3000 Value Index	CI
Jun. 30	Spirit Aviation Holdings, Inc.(NYSEAM:FLYY) added to Russell 3000 Growth Index	CI

5276218500a79897ff7dd0583e4.Oov6U06MK_EMDVhigwXSYBAGvg7MB4M2-j76LpvzstQ.WcaiODjPaL5PZy0z5lC-FkZq_D_-Qs5_ileYGcug8I5Izos_KuobwmpnKw

Published financial data: SPIRIT AVIATION HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.77B	3.18B	4.99B	5.27B	4.81B
Other Revenues, Total	44.49M	54.97M	79.08M	94.39M	102M
Total Revenues	1.81B	3.23B	5.07B	5.36B	4.91B
Cost of Goods Sold, Total	1.99B	2.79B	4.1B	4.53B	4.49B
Gross Profit	-178M	437M	973M	832M	421M
Selling General & Admin Expenses, Total	85.06M	132M	178M	191M	197M
Depreciation & Amortization - (IS)	190M	202M	216M	241M	212M
Other Operating Expenses	355M	531M	711M	792M	807M
Other Operating Expenses, Total	630M	865M	1.11B	1.22B	1.22B
Operating Income	-808M	-428M	-132M	-392M	-795M
Interest Expense, Total	-119M	-137M	-117M	-136M	-201M
Interest And Investment Income	6.31M	5.37M	20.08M	61.65M	48.32M
Net Interest Expenses	-112M	-131M	-97M	-74.18M	-153M
Currency Exchange Gains (Loss)	-214K	-577K	-4.82M	-4.06M	65.69M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-921M	-560M	-234M	-471M	-882M
Restructuring Charges	-	-	-	-	-96.78M
Merger & Related Restructuring Charges	-	-	-86.48M	-69.54M	-36.1M
Gain (Loss) On Sale Of Investments	3K	-	-	-	-
Gain (Loss) On Sale Of Assets	-2.26M	-3.32M	-46.62M	-33.97M	-274M
Asset Writedown	-	-3.5M	-334M	-	-
Other Unusual Items	303M	46.08M	-	15.41M	-485K
EBT, Incl. Unusual Items	-620M	-520M	-701M	-559M	-1.29B
Income Tax Expense	-191M	-47.75M	-147M	-111M	-60.21M
Earnings From Continuing Operations	-429M	-473M	-554M	-447M	-1.23B
Net Income to Company	-429M	-473M	-554M	-447M	-1.23B
Net Income - (IS)	-429M	-473M	-554M	-447M	-1.23B
Net Income to Common Incl Extra Items	-429M	-473M	-554M	-447M	-1.23B
Net Income to Common Excl. Extra Items	-429M	-473M	-554M	-447M	-1.23B
Per Share Items
Net EPS - Basic	-5.06	-4.5	-5.1	-4.1	-11.23
Basic EPS - Continuing Operations	-5.06	-4.5	-5.1	-4.1	-11.23
Basic Weighted Average Shares Outstanding	84.69M	105M	109M	109M	109M
Net EPS - Diluted	-5.06	-4.5	-5.1	-4.1	-11.23
Diluted EPS - Continuing Operations	-5.06	-4.5	-5.1	-4.1	-11.23
Diluted Weighted Average Shares Outstanding	84.69M	105M	109M	109M	109M
Normalized Basic EPS	-6.79	-3.33	-1.34	-2.69	-5.04
Normalized Diluted EPS	-6.79	-3.33	-1.34	-2.69	-5.04
Supplemental Items
EBITDA	-629M	-238M	67M	-174M	-618M
EBITA	-808M	-428M	-132M	-392M	-795M
EBIT	-808M	-428M	-132M	-392M	-795M
EBITDAR	-257M	211M	605M	499M	238M
Total Revenues (As Reported)	1.81B	3.23B	5.07B	5.36B	4.91B
Effective Tax Rate - (Ratio)	30.88	9.18	20.92	19.89	4.67
Current Domestic Taxes	-144M	568K	1.7M	1.35M	-5.48M
Current Foreign Taxes	-1.55M	1.18M	-	-	3.48M
Total Current Taxes	-145M	1.75M	1.7M	1.35M	-1.99M
Deferred Domestic Taxes	-46.09M	-49.5M	-149M	-119M	-58.22M
Total Deferred Taxes	-46.09M	-49.5M	-149M	-119M	-58.22M
Normalized Net Income	-575M	-350M	-146M	-294M	-552M
Interest Capitalized	16M	19M	22.82M	33.36M	18.09M
Interest on Long-Term Debt	135M	165M	140M	169M	219M
Supplemental Operating Expense Items
Marketing Expenses	5.5M	7.1M	9.2M	9M	26.8M
Selling and Marketing Expenses	85.06M	132M	178M	191M	197M
Net Rental Expense, Total	372M	449M	538M	673M	856M
Imputed Operating Lease Interest Expense	95.31M	113M	107M	139M	219M
Imputed Operating Lease Depreciation	276M	337M	431M	534M	636M
Maintenance & Repair Expenses, Total	200M	251M	285M	303M	331M
Stock-Based Comp., COGS (Total)	11.58M	12.54M	11.48M	11.96M	7.21M
Total Stock-Based Compensation	11.58M	12.54M	11.48M	11.96M	7.21M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.79B	1.33B	1.35B	865M	902M
Short Term Investments	106M	106M	107M	113M	118M
Total Cash And Short Term Investments	1.9B	1.44B	1.45B	978M	1.02B
Accounts Receivable, Total	42.94M	129M	197M	205M	179M
Other Receivables	147M	37.89M	36.26M	-	-
Total Receivables	190M	167M	234M	205M	179M
Prepaid Expenses	123M	127M	188M	210M	278M
Restricted Cash	71.4M	95.4M	119M	119M	168M
Other Current Assets, Total	75.43M	13.23M	-	-	463M
Total Current Assets	2.36B	1.84B	1.99B	1.51B	2.11B
Gross Property Plant And Equipment	5.93B	6.69B	7.55B	8.25B	8.1B
Accumulated Depreciation	-680M	-885M	-1.1B	-1.17B	-1.03B
Net Property Plant And Equipment	5.25B	5.81B	6.45B	7.08B	7.08B
Deferred Charges Long-Term	348M	330M	190M	314M	241M
Other Long-Term Assets, Total	446M	560M	551M	511M	168M
Total Assets	8.4B	8.54B	9.18B	9.42B	9.6B
Liabilities
Accounts Payable, Total	28.45M	44.95M	75.45M	42.1M	32.38M
Accrued Expenses, Total	394M	481M	556M	705M	571M
Current Portion of Long-Term Debt	384M	208M	346M	315M	436M
Current Portion of Leases	134M	159M	189M	225M	258M
Unearned Revenue Current, Total	402M	382M	430M	384M	437M
Other Current Liabilities	-	-	-	-	35M
Total Current Liabilities	1.34B	1.28B	1.6B	1.67B	1.77B
Long-Term Debt	3.07B	2.98B	3.2B	3.05B	1.76B
Long-Term Leases	1.25B	1.75B	2.46B	3.3B	4.34B
Unearned Revenue Non Current	52.06M	47.74M	84.2M	138M	123M
Deferred Tax Liability Non Current	440M	375M	227M	108M	51.93M
Other Non Current Liabilities	-	-	49.5M	11.1M	1.64B
Total Liabilities	6.15B	6.43B	7.61B	8.28B	9.68B
Common Stock, Total	10K	11K	11K	11K	11K
Additional Paid In Capital	800M	1.13B	1.15B	1.16B	1.17B
Retained Earnings	1.52B	1.06B	504M	56.76M	-1.17B
Treasury Stock	-74.12M	-75.64M	-78M	-80.64M	-81.28M
Comprehensive Income and Other	-618K	-532K	-596K	-67K	188K
Total Common Equity	2.25B	2.11B	1.57B	1.13B	-80.13M
Total Equity	2.25B	2.11B	1.57B	1.13B	-80.13M
Total Liabilities And Equity	8.4B	8.54B	9.18B	9.42B	9.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	97.78M	109M	109M	109M	110M
ECS Total Common Shares Outstanding	97.69M	108M	109M	109M	110M
Book Value / Share	23.03	19.5	14.43	10.38	-0.73
Tangible Book Value	2.25B	2.11B	1.57B	1.13B	-80.13M
Tangible Book Value Per Share	23.03	19.5	14.43	10.38	-0.73
Total Debt	4.83B	5.09B	6.19B	6.89B	6.79B
Net Debt	2.94B	3.65B	4.74B	5.92B	5.77B
Debt Equivalent Oper. Leases	2.97B	3.6B	4.3B	5.39B	6.84B
Account Code - Inventory Valuation	3	3	-	3	3
Machinery, Total	4.18B	4.36B	4.33B	3.96B	2.74B
Full Time Employees	8.76K	9.82K	12.02K	13.17K	11.33K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-429M	-473M	-554M	-447M	-1.23B
Depreciation & Amortization - CF	179M	190M	199M	218M	178M
Depreciation & Amortization, Total	179M	190M	199M	218M	178M
Amortization of Deferred Charges, Total - (CF)	110M	104M	141M	126M	171M
(Gain) Loss From Sale Of Asset	2.26M	16.23M	46.62M	33.97M	274M
Asset Writedown & Restructuring Costs	-	3.5M	334M	-	85.55M
Stock-Based Compensation (CF)	11.58M	12.54M	11.48M	11.96M	7.21M
Provision and Write-off of Bad Debts	-249K	-88K	-108K	159K	822K
Other Operating Activities, Total	-35.58M	284M	-147M	-115M	-57.37M
Change In Accounts Receivable	30.49M	-85.8M	-68.34M	-8.35M	26.8M
Change In Accounts Payable	-17.05M	13.06M	9.03M	-34.05M	-40.12M
Change in Unearned Revenues	86.56M	-19.65M	47.3M	-45.87M	53.06M
Change In Income Taxes	-127M	110M	1.63M	36.26M	-96K
Change in Other Net Operating Assets	-37.25M	53.88M	-110M	-22.27M	-227M
Cash from Operations	-225M	209M	-89.02M	-247M	-758M
Capital Expenditure	-553M	-352M	-264M	-288M	-132M
Sale of Property, Plant, and Equipment	-	-	-	231M	233M
Investment in Marketable and Equity Securities, Total	-1.23M	-861K	-1.19M	-2.06M	-1.4M
Other Investing Activities, Total	-	-	-	23.16M	364M
Cash from Investing	-554M	-352M	-265M	-36.51M	464M
Long-Term Debt Issued, Total	1.61B	614M	591M	458M	724M
Total Debt Issued	1.61B	614M	591M	458M	724M
Long-Term Debt Repaid, Total	-280M	-1.28B	-194M	-661M	-326M
Total Debt Repaid	-280M	-1.28B	-194M	-661M	-326M
Issuance of Common Stock	367M	376M	-	-	-
Repurchase of Common Stock	-1.67M	-1.52M	-2.36M	-2.64M	-650K
Other Financing Activities, Total	-36.4M	-1.78M	-3.47M	7.95M	-16.09M
Cash from Financing	1.66B	-289M	391M	-198M	380M
Net Change in Cash	882M	-432M	36.84M	-481M	85.84M
Supplemental Items
Cash Interest Paid	80.84M	136M	107M	138M	176M
Cash Income Tax Paid (Refund)	-17.79M	-112M	-82K	-32.85M	3.55M
Levered Free Cash Flow	-898M	-257M	-52.48M	-186M	-1.01B
Unlevered Free Cash Flow	-835M	-171M	-6.73M	-125M	-907M
Change In Net Working Capital	67.25M	-141M	-15.53M	-75.85M	610M
Net Debt Issued / Repaid	1.33B	-661M	397M	-203M	397M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-6.54	-3.16	-0.93	-2.64	-5.23
Return on Total Capital	-7.83	-3.74	-1.1	-3.1	-6.75
Return On Equity %	-19.01	-21.66	-30.07	-33.07	-233.25
Return on Common Equity	-19.01	-21.66	-30.07	-33.07	-233.25
Margin Analysis
Gross Profit Margin %	-9.85	13.54	19.2	15.51	8.57
SG&A Margin	4.7	4.1	3.5	3.56	4.01
EBITDA Margin %	-34.74	-7.37	1.32	-3.25	-12.57
EBITA Margin %	-44.65	-13.24	-2.61	-7.31	-16.19
EBIT Margin %	-44.65	-13.24	-2.61	-7.31	-16.19
Income From Continuing Operations Margin %	-23.68	-14.63	-10.93	-8.34	-25.02
Net Income Margin %	-23.68	-14.63	-10.93	-8.34	-25.02
Net Avail. For Common Margin %	-23.68	-14.63	-10.93	-8.34	-25.02
Normalized Net Income Margin	-31.79	-10.83	-2.88	-5.48	-11.23
Levered Free Cash Flow Margin	-49.63	-7.95	-1.04	-3.47	-20.54
Unlevered Free Cash Flow Margin	-46.13	-5.31	-0.13	-2.33	-18.46
Asset Turnover
Asset Turnover	0.23	0.38	0.57	0.58	0.52
Fixed Assets Turnover	0.36	0.58	0.83	0.79	0.69
Receivables Turnover (Average Receivables)	30.25	36.98	30.6	26.16	25.03
Short Term Liquidity
Current Ratio	1.76	1.44	1.25	0.9	1.19
Quick Ratio	1.55	1.26	1.06	0.71	0.68
Operating Cash Flow to Current Liabilities	-0.17	0.16	-0.06	-0.15	-0.43
Days Sales Outstanding (Average Receivables)	12.1	9.87	11.93	13.95	14.62
Average Days Payable Outstanding	6.63	4.8	5.37	4.73	3.03
Long Term Solvency
Total Debt/Equity	214.84	241	393.93	607.8	-8.47K
Total Debt / Total Capital	68.24	70.67	79.75	85.87	101.19
LT Debt/Equity	191.81	223.61	359.88	560.16	-7.61K
Long-Term Debt / Total Capital	60.92	65.58	72.86	79.14	90.85
Total Liabilities / Total Assets	73.21	75.25	82.89	87.95	100.84
EBIT / Interest Expense	-6.82	-3.13	-1.13	-2.89	-3.96
EBITDA / Interest Expense	-2.17	1.55	5.17	3.67	1.18
(EBITDA - Capex) / Interest Expense	-6.83	-1.03	2.91	1.55	0.53
Total Debt / EBITDA	-18.79	24.12	10.24	13.82	28.54
Net Debt / EBITDA	-11.42	17.3	7.83	11.86	24.26
Total Debt / (EBITDA - Capex)	-5.97	-36.29	18.17	32.73	64.07
Net Debt / (EBITDA - Capex)	-3.63	-26.04	13.91	28.09	54.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-52.75	78.49	56.88	5.8	-8.38
Gross Profit, 1 Yr. Growth %	-113.45	-345.21	122.49	-14.5	-49.4
EBITDA, 1 Yr. Growth %	-193.23	-62.12	-128.13	-359.93	254.64
EBITA, 1 Yr. Growth %	-255.7	-47.08	-69.11	196.89	102.8
EBIT, 1 Yr. Growth %	-255.7	-47.08	-69.11	196.89	102.8
Earnings From Cont. Operations, 1 Yr. Growth %	-227.87	10.23	17.26	-19.25	174.77
Net Income, 1 Yr. Growth %	-227.87	10.23	17.26	-19.25	174.77
Normalized Net Income, 1 Yr. Growth %	-302.58	-39.22	-58.19	101.12	87.56
Diluted EPS Before Extra, 1 Yr. Growth %	-203.51	-11.09	13.32	-19.61	173.9
Accounts Receivable, 1 Yr. Growth %	-41.82	200.02	53.13	4.15	-12.9
Net Property, Plant and Equip., 1 Yr. Growth %	7.13	10.62	11.05	9.79	-0.05
Total Assets, 1 Yr. Growth %	19.24	1.68	7.55	2.53	1.89
Tangible Book Value, 1 Yr. Growth %	-0.51	-6.03	-25.66	-27.82	-107.06
Common Equity, 1 Yr. Growth %	-0.51	-6.03	-25.66	-27.82	-107.06
Cash From Operations, 1 Yr. Growth %	-140.86	-192.73	-142.62	177.08	207.34
Capital Expenditures, 1 Yr. Growth %	21.4	-36.4	-24.84	9.14	-63.73
Levered Free Cash Flow, 1 Yr. Growth %	-1.77K	-71.41	-78.49	254.76	286.1
Unlevered Free Cash Flow, 1 Yr. Growth %	-928.01	-79.47	-96.08	1.76K	353.19
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-26.2	-8.16	67.34	28.83	-1.54
Gross Profit, 2 Yr. CAGR %	-59.76	-42.58	133.57	37.93	-34.23
EBITDA, 2 Yr. CAGR %	4.23	-40.57	-67.36	-14.49	203.62
EBITA, 2 Yr. CAGR %	34.11	-9.22	-59.57	-4.63	145.37
EBIT, 2 Yr. CAGR %	34.11	-9.22	-59.57	-4.63	145.37
Earnings From Cont. Operations, 2 Yr. CAGR %	65.91	18.73	13.69	-2.69	48.95
Net Income, 2 Yr. CAGR %	65.91	18.73	13.69	-2.69	48.95
Normalized Net Income, 2 Yr. CAGR %	52.9	10.96	-49.59	-8.59	94.22
Diluted EPS Before Extra, 2 Yr. CAGR %	49	-4.06	0.38	-4.55	48.39
Accounts Receivable, 2 Yr. CAGR %	-5.08	32.12	114.34	26.29	-4.76
Net Property, Plant and Equip., 2 Yr. CAGR %	29.79	8.86	10.84	10.42	4.75
Total Assets, 2 Yr. CAGR %	27.51	10.11	4.57	5.01	2.21
Tangible Book Value, 2 Yr. CAGR %	8.01	-3.31	-16.42	-26.75	-77.42
Common Equity, 2 Yr. CAGR %	8.01	-3.31	-16.42	-26.75	-77.42
Cash From Operations, 2 Yr. CAGR %	-33.31	-38.45	-37.14	8.67	191.82
Capital Expenditures, 2 Yr. CAGR %	-16.54	-12.13	-30.86	-9.43	-45.54
Levered Free Cash Flow, 2 Yr. CAGR %	202.88	118.19	-75.83	-12.4	108.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	271.39	30.39	-91.03	-14.33	120.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-11.86	-0.93	9.78	43.62	15
Gross Profit, 3 Yr. CAGR %	-42.72	-26.5	-9.81	67.09	-1.26
EBITDA, 3 Yr. CAGR %	9.06	-25.62	-53.69	-34.82	37.38
EBITA, 3 Yr. CAGR %	26.25	-1.63	-36.63	-21.42	22.64
EBIT, 3 Yr. CAGR %	26.25	-1.63	-36.63	-21.42	22.64
Earnings From Cont. Operations, 3 Yr. CAGR %	1.05	44.77	18.24	1.44	37.54
Net Income, 3 Yr. CAGR %	1.05	44.77	18.24	1.44	37.54
Normalized Net Income, 3 Yr. CAGR %	35.94	12.42	-19.86	-20.05	16.16
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.46	25.44	1.41	-6.78	35.63
Accounts Receivable, 3 Yr. CAGR %	-4.51	39.3	38.78	68.51	11.58
Net Property, Plant and Equip., 3 Yr. CAGR %	32.86	23.06	9.59	10.49	6.81
Total Assets, 3 Yr. CAGR %	26.53	18.25	9.25	3.89	3.96
Tangible Book Value, 3 Yr. CAGR %	8.47	3.11	-11.42	-20.41	-66.41
Common Equity, 3 Yr. CAGR %	8.47	3.11	-11.42	-20.41	-66.41
Cash From Operations, 3 Yr. CAGR %	-19.09	-25.56	-45.55	3.07	53.67
Capital Expenditures, 3 Yr. CAGR %	-11.25	-23.77	-16.59	-19.5	-27.88
Levered Free Cash Flow, 3 Yr. CAGR %	19.81	37.91	-0.92	-40.82	60.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.02	41.48	-59.45	-46.92	74.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.31	6.85	13.9	10.04	5.11
Gross Profit, 5 Yr. CAGR %	-26.59	-13.52	0.5	-5.46	-20.51
EBITDA, 5 Yr. CAGR %	3.13	-15.01	-32.69	-21.35	-1.75
EBITA, 5 Yr. CAGR %	9.59	-2.39	-19.94	-2.68	8.91
EBIT, 5 Yr. CAGR %	9.59	-2.39	-19.94	-2.68	8.91
Earnings From Cont. Operations, 5 Yr. CAGR %	6.21	12.39	5.93	23.5	29.68
Net Income, 5 Yr. CAGR %	6.21	12.39	5.93	23.5	29.68
Normalized Net Income, 5 Yr. CAGR %	12.78	4.06	-8.59	3.62	14.19
Diluted EPS Before Extra, 5 Yr. CAGR %	2.94	3.77	-3.17	12.45	18.09
Accounts Receivable, 5 Yr. CAGR %	8.72	25.65	31.95	33.94	19.38
Net Property, Plant and Equip., 5 Yr. CAGR %	44.12	31.71	23.57	17.84	7.63
Total Assets, 5 Yr. CAGR %	27.12	22.06	17.24	12.76	6.38
Tangible Book Value, 5 Yr. CAGR %	12.92	8.68	-2.27	-10.07	-48.73
Common Equity, 5 Yr. CAGR %	12.92	8.68	-2.27	-10.07	-48.73
Cash From Operations, 5 Yr. CAGR %	-13.79	-15.04	-26.86	-13.4	6.58
Capital Expenditures, 5 Yr. CAGR %	-4.65	-13.45	-19.68	-18.33	-21.95
Levered Free Cash Flow, 5 Yr. CAGR %	18.99	0.29	-36.85	13.71	79.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.61	-6.12	-57.68	15.58	55.16