Spirit Airlines, Inc. (SAVE) financial statements (2021 and earlier)

Company profile

Business Address 2800 EXECUTIVE WAY
MIRAMAR, FL 33025
State of Incorp. DE
Fiscal Year End December 31
SIC 4512 - Air Transportation, Scheduled (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0841,108902801804633531
Cash and cash equivalents9791,005801701804633531
Short-term investments105103101100   
Receivables21 70   23
Prepaid expense    72  
Prepaid expense and other current assets79
Deferred tax assets    10 
Other undisclosed current assets2802383091751508916
Total current assets:1,3851,3451,2809761,026731649
Noncurrent Assets
Operating lease, right-of-use asset1,370
Property, plant and equipment3,5303,1162,2381,46584422536
Other noncurrent assets37791211107867 
Prepaid expense and other noncurrent assets52
Other undisclosed noncurrent assets721625504601582579444
Total noncurrent assets:5,6583,8202,8642,1761,504872532
TOTAL ASSETS:7,0435,1654,1443,1522,5311,6031,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44392315177649
Accounts payable44392315171323
Accrued liabilities     25 
Employee-related liabilities     3426
Taxes payable     3 
Deferred revenue315
Debt2591641158450121
Deferred revenue and credits246206217192 
Contract with customer, liability292
Other liabilities374340262226183153145
Other undisclosed current liabilities121    (67)140
Total current liabilities:1,112835647532466366336
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9602,0251,3878975971372
Long-term debt, excluding current maturities1,9592,0241,387897597136 
Finance lease, liability1
Capital lease obligations    12
Operating lease, liability1,218
Other undisclosed long-term debt and lease obligation(1,218)1     
Liabilities, other than long-term debt469  3082217649
Deferred tax liabilities, net  3082217649
Deferred income tax liabilities469
Total noncurrent liabilities:2,4302,0251,3871,20681821351
Total liabilities:3,5422,8592,0351,7371,284579387
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2611,9291,7771,3951,2251,003769
Common stock000000 
Treasury stock, value(72)(67)(66)(219)(116)(4)(2)
Additional paid in capital379371360551544526515
Accumulated other comprehensive loss(1)(1)(1)(1)(2)(1) 
Retained earnings1,9551,6251,4841,064799482256
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:2,2611,9291,7771,3951,2251,003769
Other undisclosed liabilities and equity1,24037833220212125
TOTAL LIABILITIES AND EQUITY:7,0435,1654,1443,1522,5311,6031,181

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,8313,3232,6482,3222,1411,9311,654
Revenue, net2,6482,3222,1411,9321,654
Cost of revenue(993)(939)(181)(202)(461)(914)(865)
Cost of goods and services sold(993)(939)(181)(202)(461)(914)(552)
Gross profit:2,8372,3842,4672,1201,6801,017789
Operating expenses(3,329)(2,972)(2,259)(1,878)(1,632)(1,576)(507)
Other undisclosed operating income993939181202461915 
Operating income:501351389444509355282
Nonoperating income (expense)(65)(146)(35)(24)(7)(2)0
Investment income, nonoperating251995200
Other nonoperating expense(1)(1)(0)(1)(0)(3)(0)
Interest and debt expense(9)(84)(57)(42)(20)(2)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes98457422020
Income from continuing operations before income taxes:436205354419502353282
Income tax expense (benefit)(101)(49)67(155)(185)(128)(105)
Net income available to common stockholders, diluted:335156421265317225177

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:335156421265317225177
Other comprehensive income (loss)00(0)0(1)(1) 
Comprehensive income, net of tax, attributable to parent:336156420265316225177

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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