Financial Statements for Spirit Airlines Incorporated

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Spirit Airlines Incorporated financials

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Income Statement

Balance Sheet

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In Millions of USD (except for per share items)	3 months ending 2013-03-31	3 months ending 2012-12-31	3 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Revenue	370.44	328.27	342.32	647.80	301.50
Other Revenue, Total	-	-	-	-	-
Total Revenue	370.44	328.27	342.32	647.80	301.50
Cost of Revenue, Total	252.29	233.38	233.03	436.21	209.37
Gross Profit	118.15	94.89	109.29	211.59	92.13
Selling/General/Admin. Expenses, Total	15.68	13.11	14.62	28.94	14.20
Research & Development	-	-	-	-	-
Depreciation/Amortization	6.32	5.24	3.81	6.20	2.87
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	0.19	0.37	-8.29	0.42	0.38
Other Operating Expenses, Total	46.28	44.23	49.46	83.65	37.44
Total Operating Expense	320.77	296.33	292.64	555.43	264.25
Operating Income	49.67	31.93	49.68	92.38	37.24
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-0.10	-0.10	-0.11	-0.13	-0.04
Income Before Tax	49.68	32.00	49.74	92.84	37.62
Income After Tax	30.55	19.57	30.88	58.01	23.42
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	30.55	19.57	30.88	58.01	23.42
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	30.55	19.57	30.88	58.01	23.42
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	30.55	19.57	30.88	58.01	23.42
Income Available to Common Incl. Extra Items	30.55	19.57	30.88	58.01	23.42
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	-	-	-	0.00
Diluted Weighted Average Shares	72.80	72.70	72.66	72.50	72.50
Diluted EPS Excluding Extraordinary Items	0.42	0.27	0.43	0.80	0.32
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	0.42	0.27	0.35	0.80	0.33

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Revenue	1,318.39	1,071.19	781.26	700.04
Other Revenue, Total	-	-	-	-
Total Revenue	1,318.39	1,071.19	781.26	700.04
Cost of Revenue, Total	902.45	746.50	555.60	448.56
Gross Profit	415.94	324.68	225.67	251.47
Selling/General/Admin. Expenses, Total	56.67	51.35	41.18	34.07
Research & Development	-	-	-	-
Depreciation/Amortization	15.26	7.76	5.62	4.92
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	-7.32	-4.00	-0.79	-19.09
Other Operating Expenses, Total	177.35	125.19	110.78	100.46
Total Operating Expense	1,144.40	926.80	712.39	568.92
Operating Income	173.99	144.38	68.87	131.12
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-0.33	-0.23	-0.19	-0.30
Income Before Tax	174.58	122.83	20.18	85.23
Income After Tax	108.46	76.45	72.48	83.69
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	108.46	76.45	72.48	83.69
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	108.46	76.45	72.48	83.69
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	108.46	76.45	72.48	83.69
Income Available to Common Incl. Extra Items	108.46	76.45	72.48	83.69
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	-	-	-	-
Diluted Weighted Average Shares	72.59	53.52	26.69	71.82
Diluted EPS Excluding Extraordinary Items	1.49	1.43	2.72	1.17
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	1.43	1.38	2.70	0.91

In Millions of USD (except for per share items)	As of 2013-03-31	As of 2012-12-31	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31
Cash & Equivalents	483.48	416.82	399.14	414.98	420.83
Short Term Investments	-	-	-	-	-
Cash and Short Term Investments	483.48	416.82	399.14	414.98	420.83
Accounts Receivable - Trade, Net	24.62	22.74	23.76	24.94	25.35
Receivables - Other	-	-	-	-	-
Total Receivables, Net	24.62	22.74	23.76	24.94	25.35
Total Inventory	-	-	-	-	-
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	97.03	107.80	115.46	99.65	88.29
Total Current Assets	605.13	547.36	538.37	539.56	534.48
Property/Plant/Equipment, Total - Gross	50.00	46.23	57.52	62.06	53.26
Accumulated Depreciation, Total	-19.59	-17.82	-31.56	-30.13	-28.73
Goodwill, Net	-	-	-	-	-
Intangibles, Net	-	-	-	-	-
Long Term Investments	-	-	-	-	-
Other Long Term Assets, Total	384.21	344.12	320.36	298.03	285.88
Total Assets	1,019.75	919.88	884.68	869.52	844.89
Accounts Payable	17.53	24.17	21.32	28.60	24.88
Accrued Expenses	325.74	252.73	235.10	251.28	251.51
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	-	-	-	-
Other Current liabilities, Total	-	-	11.40	11.28	21.27
Total Current Liabilities	343.26	276.89	267.82	291.16	297.65
Long Term Debt	-	-	-	-	-
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	0.00	0.00	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00
Deferred Income Tax	61.69	60.45	57.35	51.04	56.31
Minority Interest	-	-	-	-	-
Other Liabilities, Total	-	-	-	-	-
Total Liabilities	404.95	337.35	325.17	342.20	353.97
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	506.56	504.53	500.98	499.60	497.40
Retained Earnings (Accumulated Deficit)	109.71	79.15	59.59	28.70	-5.89
Treasury Stock - Common	-1.47	-1.15	-1.06	-0.98	-0.59
Other Equity, Total	-	-	-	-	-
Total Equity	614.80	582.53	559.51	527.32	490.93
Total Liabilities & Shareholders' Equity	1,019.75	919.88	884.68	869.52	844.89
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	72.53	70.80	70.86	70.85	67.92

In Millions of USD (except for per share items)	As of 2012-12-31	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31
Cash & Equivalents	416.82	343.33	82.71	86.15
Short Term Investments	-	-	-	-
Cash and Short Term Investments	416.82	343.33	82.71	86.15
Accounts Receivable - Trade, Net	22.74	15.43	9.47	8.35
Receivables - Other	-	-	-	-
Total Receivables, Net	22.74	15.43	9.47	8.35
Total Inventory	-	-	-	-
Prepaid Expenses	-	-	-	-
Other Current Assets, Total	107.80	83.95	159.03	69.30
Total Current Assets	547.36	442.71	251.22	163.79
Property/Plant/Equipment, Total - Gross	46.23	50.79	43.34	38.79
Accumulated Depreciation, Total	-17.82	-27.58	-24.01	-20.38
Goodwill, Net	-	-	-	-
Intangibles, Net	-	-	-	-
Long Term Investments	-	-	-	-
Other Long Term Assets, Total	344.12	279.89	205.21	145.67
Total Assets	919.88	745.81	475.76	327.87
Accounts Payable	24.17	15.93	13.36	15.27
Accrued Expenses	252.73	112.28	104.79	86.57
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	0.00	23.24	3.24
Other Current liabilities, Total	-	98.86	73.04	58.82
Total Current Liabilities	276.89	227.06	214.43	163.89
Long Term Debt	-	0.00	91.68	87.08
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	0.00	0.00	91.68	87.08
Total Debt	0.00	0.00	114.92	90.32
Deferred Income Tax	60.45	52.04	29.10	28.00
Minority Interest	-	-	-	-
Other Liabilities, Total	-	0.00	245.62	227.03
Total Liabilities	337.35	279.11	580.83	505.99
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	0.01	0.01	0.00	0.00
Additional Paid-In Capital	504.53	496.14	0.68	0.11
Retained Earnings (Accumulated Deficit)	79.15	-29.31	-105.76	-178.24
Treasury Stock - Common	-1.15	-0.13	0.00	-
Other Equity, Total	-	-	-	-
Total Equity	582.53	466.71	-105.08	-178.13
Total Liabilities & Shareholders' Equity	919.88	745.81	475.76	327.87
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	70.80	61.95	71.82	71.82

In Millions of USD (except for per share items)	3 months ending 2013-03-31	12 months ending 2012-12-31	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Net Income/Starting Line	-	-	-	-	-
Depreciation/Depletion	-	-	-	-	-
Amortization	-	-	-	-	-
Deferred Taxes	-	-	-	-	-
Non-Cash Items	-	-	-	-	-
Changes in Working Capital	85.19	113.63	88.81	97.42	79.67
Cash from Operating Activities	85.19	113.63	88.81	97.42	79.67
Capital Expenditures	-10.59	-23.77	-21.71	-19.22	-7.97
Other Investing Cash Flow Items, Total	-15.13	-3.55	2.26	13.81	-0.41
Cash from Investing Activities	-25.71	-27.32	-19.45	-5.41	-8.38
Financing Cash Flow Items	7.06	-12.27	-13.01	-19.81	6.45
Total Cash Dividends Paid	-	-	-	-	-
Issuance (Retirement) of Stock, Net	0.13	-0.55	-0.53	-0.55	-0.24
Issuance (Retirement) of Debt, Net	-	0.00	0.00	0.00	-
Cash from Financing Activities	7.19	-12.82	-13.54	-20.36	6.21
Foreign Exchange Effects	-	-	-	-	-
Net Change in Cash	66.67	73.49	55.81	71.65	77.50
Cash Interest Paid, Supplemental	-	0.30	0.30	0.29	-
Cash Taxes Paid, Supplemental	-	40.20	39.35	21.82	-

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Net Income/Starting Line	108.46	76.45	72.48	83.69
Depreciation/Depletion	15.26	7.76	5.62	4.92
Amortization	-	-	-	-
Deferred Taxes	29.25	44.18	-52.81	0.00
Non-Cash Items	-5.83	21.95	39.63	17.01
Changes in Working Capital	-33.51	20.86	-37.89	-36.56
Cash from Operating Activities	113.63	171.20	27.03	69.07
Capital Expenditures	-23.77	-14.09	-5.33	-14.78
Other Investing Cash Flow Items, Total	-3.55	-53.12	-25.14	17.11
Cash from Investing Activities	-27.32	-67.22	-30.47	2.33
Financing Cash Flow Items	-12.27	4.49	0.00	-1.20
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	-0.55	170.37	0.00	-0.04
Issuance (Retirement) of Debt, Net	0.00	-18.22	0.00	-0.24
Cash from Financing Activities	-12.82	156.63	0.00	-1.48
Foreign Exchange Effects	-	-	-	-
Net Change in Cash	73.49	260.61	-3.43	69.92
Cash Interest Paid, Supplemental	0.30	10.56	4.30	12.18
Cash Taxes Paid, Supplemental	40.20	1.48	0.56	1.97