Spirit Airlines, Inc. (SAVE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,4401,8961,0841,108902801
Cash and cash equivalents1,3341,7909791,005801701
Short-term investments106106105103101100
Other undisclosed cash, cash equivalents, and short-term investments 0    
Restricted cash and investments9571    
Receivables3814721 70 
Other undisclosed current assets269241280238309175
Total current assets:1,8422,3561,3851,3451,280976
Noncurrent Assets
Operating lease, right-of-use asset1,9511,4181,370
Property, plant and equipment3,8573,8323,5303,1162,2381,465
Other noncurrent assets37363779121110
Other undisclosed noncurrent assets853757721625504601
Total noncurrent assets:6,6986,0435,6583,8202,8642,176
TOTAL ASSETS:8,5408,3997,0435,1654,1443,152
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities452844392315
Accounts payable452844392315
Deferred revenue382402315
Debt20938425916411584
Deferred revenue and credits246206
Contract with customer, liability292
Other liabilities481394374340262226
Other undisclosed current liabilities159134121   
Total current liabilities:1,2761,3421,112835647532
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9763,0671,9602,0251,387897
Long-term debt, excluding current maturities2,9753,0661,9592,0241,387897
Finance lease, liability111
Operating lease, liability1,7511,2491,218
Other undisclosed long-term debt and lease obligation(1,751)(1,249)(1,218)1  
Liabilities, other than long-term debt375440469  308
Deferred tax liabilities, net  308
Deferred income tax liabilities375440469
Total noncurrent liabilities:3,3513,5072,4302,0251,3871,206
Total liabilities:4,6274,8493,5422,8592,0351,737
Stockholders' equity
Stockholders' equity attributable to parent2,1142,2502,2611,9291,7771,395
Common stock000000
Treasury stock, value(76)(74)(72)(67)(66)(219)
Additional paid in capital1,132800379371360551
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)
Retained earnings1,0581,5251,9551,6251,4841,064
Total stockholders' equity:2,1142,2502,2611,9291,7771,395
Other undisclosed liabilities and equity1,7991,3011,24037833220
TOTAL LIABILITIES AND EQUITY:8,5408,3997,0435,1654,1443,152

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues3,2311,8103,8313,3232,6482,322
Revenue, net2,6482,322
Cost of revenue
(Cost of Goods and Services Sold)
(316)(251)(256)(939)(181)(202)
Gross profit:2,9151,5593,5742,3842,4672,120
Operating expenses(3,288)(2,318)(3,329)(2,972)(2,259)(1,878)
Other undisclosed operating income316251256939181202
Operating income (loss):(57)(508)501351389444
Nonoperating expense(463)(112)(65)(146)(35)(24)
Investment income, nonoperating56251995
Interest and debt expense(0)(11)(9)(84)(57)(42)
Other undisclosed income from continuing operations before equity method investments, income taxes 119845742
Income (loss) from continuing operations before equity method investments, income taxes:(520)(620)436205354419
Other undisclosed income from continuing operations before income taxes0     
Income (loss) from continuing operations before income taxes:(520)(620)436205354419
Income tax expense (benefit)48191(101)(49)67(155)
Net income (loss) available to common stockholders, diluted:(473)(429)335156421265

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(473)(429)335156421265
Other comprehensive income (loss)0000(0)0
Comprehensive income (loss), net of tax, attributable to parent:(472)(429)336156420265

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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