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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,8961,0841,108902801804
Cash and cash equivalents1,7909791,005801701804
Short-term investments106105103101100 
Other undisclosed cash, cash equivalents, and short-term investments0     
Restricted cash and investments71     
Receivables14721 70  
Prepaid expense     72
Other undisclosed current assets241280238309175150
Total current assets:2,3561,3851,3451,2809761,026
Noncurrent Assets
Operating lease, right-of-use asset1,4181,370
Property, plant and equipment3,8323,5303,1162,2381,465844
Other noncurrent assets36377912111078
Other undisclosed noncurrent assets757721625504601582
Total noncurrent assets:6,0435,6583,8202,8642,1761,504
TOTAL ASSETS:8,3997,0435,1654,1443,1522,531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities284439231517
Accounts payable284439231517
Deferred revenue402315
Debt3842591641158450
Deferred revenue and credits246206217
Contract with customer, liability292
Other liabilities394374340262226183
Other undisclosed current liabilities134121    
Total current liabilities:1,3421,112835647532466
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,0671,9602,0251,387897597
Long-term debt, excluding current maturities3,0661,9592,0241,387897597
Finance lease, liability11
Operating lease, liability1,2491,218
Other undisclosed long-term debt and lease obligation(1,249)(1,218)1   
Liabilities, other than long-term debt440469  308221
Deferred tax liabilities, net  308221
Deferred income tax liabilities440469
Total noncurrent liabilities:3,5072,4302,0251,3871,206818
Total liabilities:4,8493,5422,8592,0351,7371,284
Stockholders' equity
Stockholders' equity attributable to parent2,2502,2611,9291,7771,3951,225
Common stock000000
Treasury stock, value(74)(72)(67)(66)(219)(116)
Additional paid in capital800379371360551544
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(2)
Retained earnings1,5251,9551,6251,4841,064799
Total stockholders' equity:2,2502,2611,9291,7771,3951,225
Other undisclosed liabilities and equity1,3011,2403783322021
TOTAL LIABILITIES AND EQUITY:8,3997,0435,1654,1443,1522,531

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,8103,8313,3232,6482,3222,141
Revenue, net2,6482,3222,141
Cost of revenue
(Cost of Goods and Services Sold)
(251)(256)(939)(181)(202)(461)
Gross profit:1,5593,5742,3842,4672,1201,680
Operating expenses(2,318)(3,329)(2,972)(2,259)(1,878)(1,632)
Other undisclosed operating income251256939181202461
Operating income (loss):(508)501351389444509
Nonoperating expense(112)(65)(146)(35)(24)(7)
Investment income, nonoperating62519952
Interest and debt expense(11)(9)(84)(57)(42)(20)
Other undisclosed income from continuing operations before equity method investments, income taxes11984574220
Income (loss) from continuing operations before income taxes:(620)436205354419502
Income tax expense (benefit)191(101)(49)67(155)(185)
Net income (loss) available to common stockholders, diluted:(429)335156421265317

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(429)335156421265317
Other comprehensive income (loss)000(0)0(1)
Comprehensive income (loss), net of tax, attributable to parent:(429)336156420265316

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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