Spirit Airlines, Inc
All units in Millions or Millions USD 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* 2019 2020
Income Statement                                          
Passenger Revenue 0 0 0 0 0 0 0 0 0 0 538 690 783 986 1,145 1,169 1,201 1,366 3,260 3,758 1,766
Regional Affiliate Revenue
Total Revenue 0 0 0 0 0 0 0 0 0 0 781 1,071 1,318 1,654 1,932 2,141 2,322 2,648 3,323 3,831 1,810
Wages Salaries & Benefits 0 0 0 0 0 0 0 0 0 0 156 182 219 262 313 378 472 528 720 865 910
Aircraft Fuel Expense 0 0 0 0 0 0 0 0 0 0 248 388 472 552 613 461 448 616 939 993 431
Depreciation & Amortization 0 0 0 0 0 0 0 0 0 0 6 8 15 32 47 74 101 140 177 225 279
Net Interest Expense 0 0 0 0 0 0 0 0 0 0 50 24 0 (0) 2 18 36 49 65 76 128
Operating Expense 0 0 0 0 0 0 0 0 0 0 712 927 1,144 1,372 1,576 1,632 1,878 2,259 2,972 3,329 2,318
Operating Income (Loss) 0 0 0 0 0 0 0 0 0 0 69 144 174 282 355 509 444 389 351 501 (508)
Pretax Income (Loss) 0 0 0 0 0 0 0 0 0 0 20 123 175 282 353 502 419 354 205 436 (620)
Net Income (Loss) 0 0 0 0 0 0 0 0 0 0 72 76 108 177 225 317 265 421 156 335 (429)
Balance Sheet Asset                                          
Cash & Short-term Investment 0 0 0 0 0 0 0 0 0 0 83 343 417 531 633 804 701 801 1,005 979 1,790
Restricted Cash & Short-term Investments
Total Current Assets 0 0 0 0 0 0 0 0 0 0 251 443 547 649 721 1,026 976 1,280 1,345 1,385 2,356
Total Assets 0 0 0 0 0 0 0 0 0 0 476 746 980 1,181 1,593 2,531 3,152 4,144 5,165 7,043 8,399
Balance Sheet Liabilities                                          
Air Traffic Liability 0 0 0 0 0 0 0 0 0 0 105 112 131 168 189 217 206 246 292 315 402
Current Liability 0 0 0 0 0 0 0 0 0 0 214 227 277 336 366 466 532 647 835 1,112 1,342
Long-term Debt & Capital Lease Obligations, Less Current Maturities 0 0 0 0 0 0 0 0 0 0 0 12 27 0 135 183 226 1,387 2,025 1,960 3,067
Pension & Post Retirement Benefits
Retained Earnings (Accumulated deficit) 0 0 0 0 0 0 0 0 0 0 (106) (29) 79 256 482 799 1,064 1,484 1,625 1,955 1,525
Total Stockholder Equity (deficit) 0 0 0 0 0 0 0 0 0 0 (105) 467 583 769 1,003 1,225 1,395 1,777 1,929 2,261 2,250
Cash Flow Statement                                          
Net Cash Provided by (Used in) Operating Activity 0 0 0 0 0 0 0 0 0 0 27 171 114 195 261 473 474 425 506 551 (225)
Net Cash Provided by (Used in) Investing Activities 0 0 0 0 0 0 0 0 0 0 (30) (67) (27) (90) (302) (701) (826) (792) (784) (457) (554)
Net Cash Provided by (Used in) Financing activities 0 0 0 0 0 0 0 0 0 0 0 157 (13) 9 144 399 250 467 481 (120) 1,661
Payments on Long-term Debt and Capital Lease Obligation 0 0 0 0 0 0 0 0 0 0 0 (18) 0 0 (1) (26) (64) (103) (137) (247) (254)
Proceeds from Issuance of Long-term Debt 0 0 0 0 0 0 0 0 0 0 0 171 0 0 148 537 417 630 832 226 1,612
Net Increase (Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 (3) 261 73 114 102 171 (103) 100 204 (26) 882
Operating Statistics                                          
Mainline ASM 0 0 0 0 0 0 0 0 0 0 6,664 8,007 9,664 12,001 14,160 17,995 21,582 24,606 30,623 35,245 19,319
Mainline RPM 0 0 0 0 0 0 0 0 0 0 8,120 9,353 11,345 13,861 16,340 21,246 25,495 29,593 36,503 41,783 27,718
Data Source:SEC 10K Filings
*Note: In 2018, many airlines changed their accounting principles to conform to new standards, which lead to some significant changes in the numbers reported compared to previous years. For the sake of clarity, many airlines provided recast 2017 results in their 10-K reports that can be found in SECís EDGAR tool.