Allegiant Travel (ALGT) FY2019 results: revenue $1.8 billion, up 10.4% on the year
Allegiant Travel Co. (ALGT) reported revenue of $1.8 billion for fiscal 2019, the year ended 31 December 2019, up 10.4% on the year before. Net income was $232 million, up 43.5%, and diluted earnings per share $14.26. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.8 billion
+10.4% on the year
FY2012FY2019
Operating margin
19.8%
14.6% a year earlier
FY2012FY2019
Net income
$232 million
+43.5% on the year
FY2012FY2019
Diluted EPS
$14.26
+42.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,841
1,667
1,511
+10.4%
Operating income
364
243
231
+49.5%
Operating margin
19.8%
14.6%
15.3%
Interest expense
76.8
56.1
42.2
+36.9%
Pre-tax income
301
199
199
+51.1%
Income tax
69.1
37.5
0.9
+84.3%
Effective tax rate
22.9%
18.8%
0.4%
Net income
232
162
198
+43.5%
Net margin
12.6%
9.7%
13.1%
Diluted EPS
$14.26
$10.00
$12.13
+42.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
442
357
391
+24.0%
Capital expenditure
507
335
580
+51.4%
Free cash flow
-64.6
21.8
-189
Free cash flow margin
-3.5%
1.3%
-12.5%
Cash from investing
-476
-269
-619
Cash from financing
75.1
-62.4
222
Depreciation and amortisation
156
129
122
+20.5%
Share-based compensation
18.2
15.1
13.9
+20.7%
Buybacks
18.6
3.6
90.5
+408.7%
Dividends paid
45.6
45.2
45.7
+0.7%
Dividend per share
$2.80
$2.80
$2.80
0.0%
Diluted shares, weighted
16m
16m
16m
+0.5%
Shares outstanding at period end
16m
16m
16m
+0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
884
690
553
+28.0%
Debt
1,422
1,272
1,165
+11.8%
Operating lease liabilities
21.3
n/a
n/a
Finance lease liabilities
108
n/a
n/a
Other liabilities
576
537
462
+7.4%
Total liabilities and equity
3,011
2,499
2,180
+20.5%
Fixed assets
2,237
1,847
1,512
+21.1%
Investments
351
366
431
-4.0%
Cash and equivalents
122
81.5
59.4
+49.5%
Receivables
25.5
36.0
71.1
-29.1%
Other assets
275
168
106
+63.9%
Total assets
3,011
2,499
2,180
+20.5%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.