Allegiant Travel (ALGT) FY2018 results: revenue $1.7 billion, up 10.3% on the year
Allegiant Travel Co. (ALGT) reported revenue of $1.7 billion for fiscal 2018, the year ended 31 December 2018, up 10.3% on the year before. Net income was $162 million, down 18.3%, and diluted earnings per share $10.00. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.7 billion
+10.3% on the year
FY2011FY2018
Operating margin
14.6%
15.3% a year earlier
FY2011FY2018
Net income
$162 million
-18.3% on the year
FY2011FY2018
Diluted EPS
$10.00
-17.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,667
1,511
1,379
+10.3%
Operating income
243
231
373
+5.6%
Operating margin
14.6%
15.3%
27.0%
Interest expense
56.1
42.2
28.8
+33.0%
Pre-tax income
199
199
348
+0.2%
Income tax
37.5
0.9
127
+4,267.4%
Effective tax rate
18.8%
0.4%
36.5%
Net income
162
198
221
-18.3%
Net margin
9.7%
13.1%
16.0%
Diluted EPS
$10.00
$12.13
$13.29
-17.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
357
391
348
-8.8%
Capital expenditure
335
580
200
-42.3%
Free cash flow
21.8
-189
148
Free cash flow margin
1.3%
-12.5%
10.8%
Cash from investing
-269
-619
-402
Cash from financing
-62.4
222
32.6
Depreciation and amortisation
129
122
105
+6.3%
Share-based compensation
15.1
13.9
9.4
+9.0%
Buybacks
3.6
90.5
66.4
-96.0%
Dividends paid
45.2
45.7
67.5
-1.0%
Dividend per share
$2.80
$2.80
$2.40
0.0%
Diluted shares, weighted
16m
16m
16m
-0.8%
Shares outstanding at period end
16m
16m
17m
+0.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
690
553
474
+24.8%
Debt
1,272
1,165
808
+9.2%
Other liabilities
537
462
390
+16.2%
Total liabilities and equity
2,499
2,180
1,672
+14.6%
Fixed assets
1,847
1,512
1,095
+22.1%
Investments
366
431
394
-15.1%
Cash and equivalents
81.5
59.4
64.7
+37.1%
Receivables
36.0
71.1
40.7
-49.3%
Other assets
168
106
76.8
+58.4%
Total assets
2,499
2,180
1,672
+14.6%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.