Allegiant Travel (ALGT) FY2020 results: revenue $990 million, down 46.2% on the year
Allegiant Travel Co. (ALGT) reported revenue of $990 million for fiscal 2020, the year ended 31 December 2020, down 46.2% on the year before. Net income was -$184 million, and diluted earnings per share $-11.53. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$990 million
-46.2% on the year
FY2013FY2020
Operating margin
-28.4%
19.8% a year earlier
FY2013FY2020
Net income
-$184 million
FY2013FY2020
Diluted EPS
-$11.53
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
990
1,841
1,667
-46.2%
Operating income
-281
364
243
Operating margin
-28.4%
19.8%
14.6%
Interest expense
61.7
76.8
56.1
-19.6%
Pre-tax income
-361
301
199
Income tax
-177
69.1
37.5
Effective tax rate
n/a
22.9%
18.8%
Net income
-184
232
162
Net margin
-18.6%
12.6%
9.7%
Diluted EPS
-$11.53
$14.26
$10.00
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
235
442
357
-46.9%
Capital expenditure
281
507
335
-44.5%
Free cash flow
-46.5
-64.6
21.8
Free cash flow margin
-4.7%
-3.5%
1.3%
Cash from investing
-366
-476
-269
Cash from financing
165
75.1
-62.4
+119.1%
Depreciation and amortisation
176
156
129
+13.1%
Share-based compensation
19.3
18.2
15.1
+5.8%
Buybacks
33.8
18.6
3.6
+81.9%
Dividends paid
11.4
45.6
45.2
-75.1%
Dividend per share
$0.70
$2.80
$2.80
-75.0%
Diluted shares, weighted
16m
16m
16m
-0.3%
Shares outstanding at period end
16m
16m
16m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
699
884
690
-20.8%
Debt
1,659
1,422
1,272
+16.7%
Operating lease liabilities
102
21.3
n/a
+380.5%
Finance lease liabilities
117
108
n/a
+8.5%
Other liabilities
681
576
537
+18.2%
Total liabilities and equity
3,259
3,011
2,499
+8.2%
Fixed assets
2,050
2,237
1,847
-8.3%
Investments
532
351
366
+51.5%
Cash and equivalents
153
122
81.5
+25.3%
Receivables
192
25.5
36.0
+653.3%
Other assets
331
275
168
+20.4%
Total assets
3,259
3,011
2,499
+8.2%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.