Allegiant Travel (ALGT) FY2014 results: revenue $1.1 billion, up 14.1% on the year
Allegiant Travel Co. (ALGT) reported revenue of $1.1 billion for fiscal 2014, the year ended 31 December 2014, up 14.1% on the year before. Net income was $87 million, down 6.1%, and diluted earnings per share $4.86. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$1.1 billion
+14.1% on the year
FY2009FY2014
Operating margin
13.8%
15.5% a year earlier
FY2009FY2014
Net income
$87 million
-6.1% on the year
FY2009FY2014
Diluted EPS
$4.86
+0.8% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,137
996
909
+14.1%
Operating income
157
155
132
+1.7%
Operating margin
13.8%
15.5%
14.6%
Interest expense
21.2
9.5
8.7
+123.4%
Pre-tax income
137
147
125
-6.5%
Income tax
50.8
54.9
46.2
-7.4%
Effective tax rate
37.1%
37.4%
37.1%
Net income
86.7
92.3
78.6
-6.1%
Net margin
7.6%
9.3%
8.6%
Diluted EPS
$4.86
$4.82
$4.06
+0.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
270
197
177
+37.0%
Capital expenditure
279
178
105
+57.4%
Free cash flow
-9.6
19.4
71.7
Free cash flow margin
-0.8%
1.9%
7.9%
Cash from investing
-315
-193
-209
Cash from financing
37.4
4.1
-29.1
+811.8%
Depreciation and amortisation
83.4
69.3
57.5
+20.4%
Share-based compensation
16.7
9.8
4.1
+70.3%
Buybacks
139
83.6
5.0
+66.4%
Dividends paid
41.8
0.0
38.6
Dividend per share
$2.50
$2.25
$2.00
+11.1%
Diluted shares, weighted
18m
19m
19m
-6.7%
Shares outstanding at period end
17m
19m
19m
-6.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
293
376
400
-22.1%
Non-controlling interest
1.2
1.6
1.3
-24.5%
Debt
589
234
151
+151.3%
Other liabilities
352
319
246
+10.6%
Total liabilities and equity
1,235
930
798
+32.8%
Fixed assets
739
452
351
+63.6%
Investments
327
289
263
+13.1%
Cash and equivalents
89.6
97.7
89.6
-8.3%
Receivables
14.2
16.9
18.6
-15.7%
Other assets
65.3
74.6
75.6
-12.5%
Total assets
1,235
930
798
+32.8%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.