Spirit Historical Income Statement
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Historical analysis of Spirit Airlines income statement accounts such as Total Revenue of 5.6 B, Gross Profit of 594.4 M, Other Operating Expenses of 6.2 B or Cost Of Revenue of 5 B can show how well Spirit Airlines performed in making a profits. Evaluating Spirit Airlines income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Spirit Airlines's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Spirit Airlines latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Spirit Airlines is a good buy for the upcoming year.
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About Spirit Income Statement Analysis
Spirit Airlines Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Spirit Airlines shareholders. The income statement also shows Spirit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Spirit Airlines Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Spirit Airlines. It is also known as Spirit Airlines overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Spirit Airlines operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Spirit Airlines is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Spirit Airlines income statement and is an important metric when analyzing Spirit Airlines profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Spirit Airlines' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Spirit Airlines current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.At present, Spirit Airlines' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 5.6 B, whereas Selling And Marketing Expenses is forecasted to decline to about 105.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 121.1M | 100.8M | 122.5M | 128.6M | Depreciation And Amortization | 297.2M | 313.1M | 320.9M | 336.9M |
Spirit Airlines income statement Correlations
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Spirit Airlines Account Relationship Matchups
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Spirit Airlines income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 225.3M | 278.6M | 297.2M | 313.1M | 320.9M | 336.9M | |
| Interest Expense | 88.9M | 118.5M | 121.1M | 100.8M | 122.5M | 128.6M | |
| Selling General Administrative | 153.8M | 85.1M | 132.5M | 177.6M | 191.1M | 164.2M | |
| Selling And Marketing Expenses | 153.8M | 85.1M | 132.5M | 177.6M | 190.9M | 105.7M | |
| Total Revenue | 3.8B | 1.8B | 3.2B | 5.1B | 5.4B | 5.6B | |
| Gross Profit | 1.0B | (368.0M) | 232.1M | 756.6M | 590.9M | 594.4M | |
| Other Operating Expenses | 3.3B | 2.6B | 3.7B | 5.2B | 5.9B | 6.2B | |
| Operating Income | 501.0M | (507.8M) | (56.9M) | (598.9M) | (495.8M) | (471.0M) | |
| Ebit | 543.4M | (501.7M) | (383.7M) | (583.7M) | (422.8M) | (401.6M) | |
| Ebitda | 768.6M | (223.1M) | (86.5M) | (270.6M) | (101.9M) | (96.8M) | |
| Cost Of Revenue | 2.8B | 2.2B | 3.0B | 4.3B | 4.8B | 5.0B | |
| Total Operating Expenses | 645.2M | 440.2M | 663.3M | 888.8M | 1.3B | 1.4B | |
| Income Before Tax | 436.4M | (620.2M) | (520.3M) | (700.7M) | (558.6M) | (530.7M) | |
| Total Other Income Expense Net | (18.9M) | (112.4M) | (463.4M) | (101.8M) | (62.8M) | (66.0M) | |
| Net Income | 335.3M | (428.7M) | (472.6M) | (554.2M) | (447.5M) | (425.1M) | |
| Income Tax Expense | 101.2M | (191.5M) | (47.8M) | (146.6M) | (111.1M) | (105.6M) | |
| Net Income Applicable To Common Shares | 335.3M | (428.7M) | (472.6M) | (554.2M) | (498.7M) | (473.8M) | |
| Net Income From Continuing Ops | 335.3M | (428.7M) | (472.6M) | (554.2M) | (534.5M) | (507.8M) | |
| Tax Provision | 101.2M | (191.5M) | (47.8M) | (146.6M) | (136.1M) | (129.3M) | |
| Interest Income | 25.1M | 6.3M | 5.4M | 20.2M | 60.4M | 63.4M | |
| Net Interest Income | (63.7M) | (112.2M) | (131.2M) | (97.0M) | (78.3M) | (82.2M) | |
| Reconciled Depreciation | 225.3M | 278.6M | 297.2M | 313.1M | 323.6M | 275.7M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share (6.20) | Revenue Per Share 46.897 | Quarterly Revenue Growth (0.11) | Return On Assets (0.05) |
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.