Allegiant Travel (ALGT) FY2013 results: revenue $996 million, up 9.6% on the year
Allegiant Travel Co. (ALGT) reported revenue of $996 million for fiscal 2013, the year ended 31 December 2013, up 9.6% on the year before. Net income was $92 million, up 17.4%, and diluted earnings per share $4.82. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$996 million
+9.6% on the year
FY2009FY2013
Operating margin
15.5%
14.6% a year earlier
FY2009FY2013
Net income
$92 million
+17.4% on the year
FY2009FY2013
Diluted EPS
$4.82
+18.7% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
996
909
779
+9.6%
Operating income
155
132
85.4
+17.0%
Operating margin
15.5%
14.6%
11.0%
Interest expense
9.5
8.7
-7.2
+8.6%
Pre-tax income
147
125
79.5
+17.7%
Income tax
54.9
46.2
30.1
+18.7%
Effective tax rate
37.4%
37.1%
37.9%
Net income
92.3
78.6
49.4
+17.4%
Net margin
9.3%
8.6%
6.3%
Diluted EPS
$4.82
$4.06
$2.57
+18.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
197
177
130
+11.4%
Capital expenditure
178
105
86.6
+68.9%
Free cash flow
19.4
71.7
43.3
-73.0%
Free cash flow margin
1.9%
7.9%
5.6%
Cash from investing
-193
-209
-208
Cash from financing
4.1
-29.1
116
Depreciation and amortisation
69.3
57.5
42.0
+20.5%
Share-based compensation
9.8
4.1
4.7
+141.3%
Buybacks
83.6
5.0
1.9
+1,574.1%
Dividends paid
0.0
38.6
0.0
Dividend per share
$2.25
$2.00
n/a
+12.5%
Diluted shares, weighted
19m
19m
19m
-1.2%
Shares outstanding at period end
19m
19m
19m
-4.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
376
400
352
-6.2%
Non-controlling interest
1.6
1.3
n/a
+24.6%
Debt
234
151
146
+55.3%
Other liabilities
319
246
209
+29.7%
Total liabilities and equity
930
798
707
+16.5%
Fixed assets
452
351
308
+28.6%
Investments
289
263
169
+10.0%
Cash and equivalents
97.7
89.6
151
+9.1%
Receivables
16.9
18.6
12.9
-9.5%
Other assets
74.6
75.6
66.5
-1.3%
Total assets
930
798
707
+16.5%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.