Spirit Financial Statements From 2010 to 2024

SAVE Stock  USD 3.68  0.11  2.90%   
Spirit Airlines financial statements provide useful quarterly and yearly information to potential Spirit Airlines investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Spirit Airlines financial statements helps investors assess Spirit Airlines' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Spirit Airlines' valuation are summarized below:
Gross Profit
973 M
Profit Margin
(0.08)
Market Capitalization
414.9 M
Enterprise Value Revenue
1.1954
Revenue
5.4 B
There are over one hundred nineteen available fundamental trend indicators for Spirit Airlines, which can be analyzed over time and compared to other ratios. Investors should ensure to double-check all of Spirit Airlines' current performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 3.1 B. The current year's Enterprise Value is expected to grow to about 2.6 B

Spirit Airlines Total Revenue

5.63 Billion

Check Spirit Airlines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spirit main balance sheet or income statement drivers, such as Depreciation And Amortization of 336.9 M, Interest Expense of 128.6 M or Selling General Administrative of 164.2 M, as well as many exotic indicators such as Price To Sales Ratio of 0.32, Dividend Yield of 0.22 or PTB Ratio of 1.16. Spirit financial statements analysis is a perfect complement when working with Spirit Airlines Valuation or Volatility modules.
  
This module can also supplement Spirit Airlines' financial leverage analysis and stock options assessment as well as various Spirit Airlines Technical models . Check out the analysis of Spirit Airlines Correlation against competitors.
For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

Spirit Airlines Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets9.9 B9.4 B4.8 B
Slightly volatile
Short and Long Term Debt Total7.3 B6.9 B2.6 B
Slightly volatile
Other Current Liabilities702.6 M669.2 M322.3 M
Slightly volatile
Total Current Liabilities1.8 B1.7 B840.8 M
Slightly volatile
Property Plant And Equipment Net7.9 B7.6 B3.3 B
Slightly volatile
Accounts Payable30.1 M42.1 M29.3 M
Slightly volatile
Cash806.6 M865.2 M824.7 M
Slightly volatile
Non Current Assets Total8.3 B7.9 B3.6 B
Slightly volatile
Cash And Short Term Investments864.5 M977.7 M884.6 M
Slightly volatile
Net Receivables215.7 M205.5 M95.5 M
Slightly volatile
Common Stock Total Equity7.6 K12.7 K7.9 K
Slightly volatile
Common Stock Shares Outstanding76.2 M109.2 M75.4 M
Slightly volatile
Liabilities And Stockholders Equity9.9 B9.4 B4.8 B
Slightly volatile
Non Current Liabilities Total6.9 B6.6 B2.7 B
Slightly volatile
Other Current Assets179.3 M209.5 M182.4 M
Slightly volatile
Other Stockholder Equity1.1 B1.1 B589.8 M
Slightly volatile
Total Liabilities8.7 B8.3 B3.5 B
Slightly volatile
Property Plant And Equipment Gross9.2 B8.7 B2.9 B
Slightly volatile
Total Current Assets1.1 B1.5 B1.2 B
Slightly volatile
Short Term Debt605.4 M576.6 M237.9 M
Slightly volatile
Common Stock7.9 K12.7 K7.9 K
Slightly volatile
Other Liabilities252.8 M414.6 M257 M
Slightly volatile
Other Assets963.8 M853 M928.2 M
Slightly volatile
Property Plant Equipment4.5 B4.3 B2.2 B
Slightly volatile
Current Deferred Revenue288 M383.8 M254.8 M
Slightly volatile
Net Tangible Assets4.9 B4.6 B2.2 B
Slightly volatile
Capital Surpluse692.4 M1.3 B657.4 M
Slightly volatile
Short and Long Term Debt213.2 M315.6 M146.2 M
Slightly volatile
Long Term Debt Total2.2 B3.7 B1.7 B
Slightly volatile
Capital Lease Obligations3.7 B3.6 B987.4 M
Slightly volatile
Net Invested Capital5.1 B4.5 BB
Slightly volatile
Capital Stock10.4 K12.7 K8.3 K
Slightly volatile

Spirit Airlines Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization336.9 M320.9 M158 M
Slightly volatile
Interest Expense128.6 M122.5 M60.1 M
Slightly volatile
Selling General Administrative164.2 M191.1 M205.5 M
Slightly volatile
Selling And Marketing Expenses105.7 M190.9 M104.5 M
Slightly volatile
Total Revenue5.6 B5.4 B2.8 B
Slightly volatile
Other Operating ExpensesB5.8 B2.7 B
Slightly volatile
Cost Of RevenueB4.8 B2.2 B
Slightly volatile
Total Operating ExpensesB983.1 M482.8 M
Slightly volatile
Interest Income63.4 M60.4 M16.9 M
Slightly volatile
Reconciled Depreciation275.7 M323.6 M200.8 M
Slightly volatile
Extraordinary Items157.4 M177 M192.8 M
Slightly volatile

Spirit Airlines Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation7.7 M12 M7.9 M
Slightly volatile
Begin Period Cash Flow770.6 M1.5 B791.8 M
Slightly volatile
Depreciation336.9 M320.9 M158 M
Slightly volatile
Capital Expenditures362.2 M277.4 M373.7 M
Slightly volatile
End Period Cash Flow834.5 M984.6 M853.6 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.320.33361.0714
Slightly volatile
Dividend Yield0.220.240.1218
Slightly volatile
Days Sales Outstanding8.1313.985110.7931
Slightly volatile
Stock Based Compensation To Revenue0.00220.00220.003
Pretty Stable
EV To Sales1.11.46471.4822
Slightly volatile
Payables Turnover62.6211384.0455
Pretty Stable
Sales General And Administrative To Revenue0.230.20.1768
Slightly volatile
Cash Per Share8.068.957310.8631
Slightly volatile
Days Payables Outstanding3.063.22026.0178
Slightly volatile
Current Ratio1.240.90461.595
Slightly volatile
Receivables Turnover24.7926.099252.056
Slightly volatile
Graham Number27.7530.960736.3193
Slightly volatile
Revenue Per Share26.4249.129233.2063
Slightly volatile
Operating Cycle25.6323.118415.1213
Very volatile
Days Of Payables Outstanding3.063.22026.0178
Slightly volatile
Ebt Per Ebit1.181.12681.5897
Pretty Stable
Quick Ratio0.980.70781.3128
Pretty Stable
Net Income Per E B T1.050.80110.7813
Slightly volatile
Cash Ratio0.870.51761.1599
Slightly volatile
Days Of Sales Outstanding8.1313.985110.7931
Slightly volatile
Fixed Asset Turnover0.670.70927.7386
Slightly volatile
Price Sales Ratio0.320.33361.0714
Slightly volatile
Asset Turnover0.540.56940.9614
Slightly volatile

Spirit Airlines Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.1 BB3.1 B
Slightly volatile
Enterprise Value2.6 B2.5 B2.6 B
Slightly volatile

Spirit Fundamental Market Drivers

Forward Price Earnings35.461
Cash And Short Term Investments977.7 M

Spirit Upcoming Events

7th of February 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Spirit Airlines Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Spirit Airlines income statement, its balance sheet, and the statement of cash flows. Spirit Airlines investors use historical funamental indicators, such as Spirit Airlines's revenue or net income, to determine how well the company is positioned to perform in the future. Although Spirit Airlines investors may use each financial statement separately, they are all related. The changes in Spirit Airlines's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Spirit Airlines's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Spirit Airlines Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Spirit Airlines. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue383.8 M288 M
Total Revenue5.4 B5.6 B
Cost Of Revenue4.8 BB
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.20  0.23 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.05)(0.05)
Revenue Per Share 49.13  26.42 
Ebit Per Revenue(0.09)(0.09)

Spirit Airlines Investors Sentiment

The influence of Spirit Airlines' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Spirit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Spirit Airlines' public news can be used to forecast risks associated with an investment in Spirit. The trend in average sentiment can be used to explain how an investor holding Spirit can time the market purely based on public headlines and social activities around Spirit Airlines. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Spirit Airlines' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Spirit Airlines' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Spirit Airlines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spirit Airlines.

Spirit Airlines Implied Volatility

    
  172.76  
Spirit Airlines' implied volatility exposes the market's sentiment of Spirit Airlines stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Spirit Airlines' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Spirit Airlines stock will not fluctuate a lot when Spirit Airlines' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Spirit Airlines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Spirit Airlines' short interest history, or implied volatility extrapolated from Spirit Airlines options trading.

Currently Active Assets on Macroaxis

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 the analysis of Spirit Airlines Correlation against competitors.
For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Spirit Stock analysis

When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Commodity Directory
Find actively traded commodities issued by global exchanges
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Is Spirit Airlines' industry 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
(4.10)
Revenue Per Share
49.129
Quarterly Revenue Growth
(0.05)
Return On Assets
(0.03)
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.