Allegiant Travel (ALGT) FY2023 results: revenue $2.5 billion, up 9.0% on the year
Allegiant Travel Co. (ALGT) reported revenue of $2.5 billion for fiscal 2023, the year ended 31 December 2023, up 9.0% on the year before. Net income was $118 million, up 4617.0%, and diluted earnings per share $6.29. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$2.5 billion
+9.0% on the year
FY2016FY2023
Operating margin
8.8%
4.0% a year earlier
FY2016FY2023
Net income
$118 million
+4,617.0% on the year
FY2016FY2023
Diluted EPS
$6.29
+4,392.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
423
303
538
+39.6%
Capital expenditure
528
435
244
+21.5%
Free cash flow
-105
-132
295
Free cash flow margin
-4.2%
-5.7%
17.2%
Cash from investing
-722
-491
-593
Cash from financing
213
33.1
285
+542.9%
Depreciation and amortisation
223
198
181
+13.0%
Share-based compensation
29.7
15.2
16.1
+95.7%
Buybacks
30.1
29.9
0.0
+0.6%
Dividends paid
22.1
0.0
0.0
Dividend per share
$1.20
$0.00
$0.00
Diluted shares, weighted
18m
18m
17m
-0.1%
Shares outstanding at period end
n/a
n/a
18m
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,329
1,221
1,224
+8.8%
Debt
2,260
2,097
1,743
+7.8%
Operating lease liabilities
82.4
95.0
115
-13.2%
Finance lease liabilities
430
455
302
-5.6%
Other liabilities
756
643
608
+17.5%
Total liabilities and equity
4,857
4,511
3,991
+7.7%
Fixed assets
3,430
2,811
2,260
+22.0%
Investments
727
788
822
-7.7%
Cash and equivalents
143
230
363
-37.7%
Receivables
70.7
107
62.7
-33.6%
Other assets
485
576
484
-15.7%
Total assets
4,857
4,511
3,991
+7.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.