Allegiant Travel (ALGT) FY2016 results: revenue $1.4 billion, up 9.3% on the year
Allegiant Travel Co. (ALGT) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 December 2016, up 9.3% on the year before. Net income was $221 million, up 0.2%, and diluted earnings per share $13.29. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$1.4 billion
+9.3% on the year
FY2009FY2016
Operating margin
27.0%
29.4% a year earlier
FY2009FY2016
Net income
$221 million
+0.2% on the year
FY2009FY2016
Diluted EPS
$13.29
+2.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,379
1,262
1,137
+9.3%
Operating income
373
372
157
+0.2%
Operating margin
27.0%
29.4%
13.8%
Interest expense
28.8
26.5
21.2
+8.8%
Pre-tax income
348
347
137
+0.4%
Income tax
127
126
50.8
+0.6%
Effective tax rate
36.5%
36.5%
37.1%
Net income
221
220
86.7
+0.2%
Net margin
16.0%
17.5%
7.6%
Diluted EPS
$13.29
$12.94
$4.86
+2.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
348
365
270
-4.7%
Capital expenditure
200
253
279
-21.0%
Free cash flow
148
113
-9.6
+31.7%
Free cash flow margin
10.8%
8.9%
-0.8%
Cash from investing
-402
-234
-315
Cash from financing
32.6
-134
37.4
Depreciation and amortisation
105
98.1
83.4
+7.3%
Share-based compensation
9.4
10.5
16.7
-10.4%
Buybacks
66.4
129
139
-48.7%
Dividends paid
67.5
62.4
41.8
+8.2%
Dividend per share
$2.40
$2.75
$2.50
-12.7%
Diluted shares, weighted
16m
17m
18m
-2.8%
Shares outstanding at period end
17m
17m
17m
-1.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
474
350
293
+35.3%
Non-controlling interest
n/a
0.0
1.2
Debt
808
642
589
+26.0%
Other liabilities
390
367
352
+6.3%
Total liabilities and equity
1,672
1,358
1,235
+23.1%
Fixed assets
1,095
886
739
+23.6%
Investments
394
310
327
+27.0%
Cash and equivalents
64.7
87.1
89.6
-25.7%
Receivables
40.7
21.8
14.2
+86.4%
Other assets
76.8
53.1
65.3
+44.5%
Total assets
1,672
1,358
1,235
+23.1%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.