Allegiant Travel (ALGT) FY2017 results: revenue $1.5 billion, up 9.6% on the year
Allegiant Travel Co. (ALGT) reported revenue of $1.5 billion for fiscal 2017, the year ended 31 December 2017, up 9.6% on the year before. Net income was $198 million, down 10.3%, and diluted earnings per share $12.13. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$1.5 billion
+9.6% on the year
FY2010FY2017
Operating margin
15.3%
27.0% a year earlier
FY2010FY2017
Net income
$198 million
-10.3% on the year
FY2010FY2017
Diluted EPS
$12.13
-8.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,511
1,379
1,262
+9.6%
Operating income
231
373
372
-38.1%
Operating margin
15.3%
27.0%
29.4%
Interest expense
42.2
28.8
26.5
+46.3%
Pre-tax income
199
348
347
-42.8%
Income tax
0.9
127
126
-99.3%
Effective tax rate
0.4%
36.5%
36.5%
Net income
198
221
220
-10.3%
Net margin
13.1%
16.0%
17.5%
Diluted EPS
$12.13
$13.29
$12.94
-8.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
391
348
365
+12.3%
Capital expenditure
580
200
253
+190.5%
Free cash flow
-189
148
113
Free cash flow margin
-12.5%
10.8%
8.9%
Cash from investing
-619
-402
-234
Cash from financing
222
32.6
-134
+581.9%
Depreciation and amortisation
122
105
98.1
+15.7%
Share-based compensation
13.9
9.4
10.5
+47.6%
Buybacks
90.5
66.4
129
+36.3%
Dividends paid
45.7
67.5
62.4
-32.3%
Dividend per share
$2.80
$2.40
$2.75
+16.7%
Diluted shares, weighted
16m
16m
17m
-2.4%
Shares outstanding at period end
16m
17m
17m
-3.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
553
474
350
+16.8%
Non-controlling interest
n/a
n/a
0.0
Debt
1,165
808
642
+44.1%
Other liabilities
462
390
367
+18.5%
Total liabilities and equity
2,180
1,672
1,358
+30.4%
Fixed assets
1,512
1,095
886
+38.1%
Investments
431
394
310
+9.4%
Cash and equivalents
59.4
64.7
87.1
-8.1%
Receivables
71.1
40.7
21.8
+74.7%
Other assets
106
76.8
53.1
+38.0%
Total assets
2,180
1,672
1,358
+30.4%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.