Fundamentals - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Update)
Net Sales 1,667.45 1,511.20 1,378.94 1,262.19
Revenue 1,667.45 1,511.20 1,378.94 1,262.19
Total Revenue 1,667.45 1,511.20 1,378.94 1,262.19
Cost of Revenue 545.70 459.91 369.33 373.30
Cost of Revenue, Total 545.70 459.91 369.33 373.30
Gross Profit 1,121.75 1,051.29 1,009.62 888.89
Selling/General/Administrative Expense 234.53 199.26 158.68 123.64
Labor & Related Expense 413.89 371.60 291.97 229.80
Selling/General/Administrative Expenses, Total 648.43 570.86 450.66 353.45
Depreciation 129.35 121.71 105.22 98.10
Depreciation/Amortization 129.35 121.71 105.22 98.10
Other Unusual Expense (Income) 0.00 35.25 0.00 0.00
Unusual Expense (Income) 0.00 35.25 0.00 0.00
Other Operating Expense 100.52 92.84 81.18 65.65
Other Operating Expenses, Total 100.52 92.84 81.18 65.65
Total Operating Expense 1,423.99 1,280.57 1,006.38 890.49
Operating Income 243.46 230.63 372.57 371.70
Interest Expense - Non-Operating -53.76 -38.99 -28.84 -26.51
Interest Capitalized - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -53.76 -38.99 -28.84 -26.51
Interest Income, Non-Operating 9.23 5.81 3.01 1.39
Interest/Investment Income, Non-Operating 9.23 5.81 3.01 1.39
Interest Income (Expense), Net-Non-Operating, Total -44.54 -33.18 -25.83 -25.12
Other Non-Operating Income (Expense) 0.40 1.56 1.23 0.14
Other, Net 0.40 1.56 1.23 0.14
Net Income Before Taxes 199.32 199.01 347.97 346.72
Income Tax – Total 37.52 75.60 127.10 126.39
Income After Tax 161.80 123.41 220.87 220.33
Minority Interest -- -- -- 0.04
Net Income Before Extraordinary Items 161.80 123.41 220.87 220.37
Extraordinary Item 0.00 74.74 0.00 --
Total Extraordinary Items 0.00 74.74 0.00 --
Net Income 161.80 198.15 220.87 220.37
Miscellaneous Earnings Adjustment -2.11 -2.97 -1.76 -0.96
Total Adjustments to Net Income -2.11 -2.97 -1.76 -0.96
Income Available to Common Excluding Extraordinary Items 159.70 120.45 219.11 219.41
Income Available to Common Stocks Including Extraordinary Items 159.70 195.18 219.11 219.41
Basic Weighted Average Shares 15.94 16.07 16.47 16.92
Basic EPS Excluding Extraordinary Items 10.02 7.49 13.31 12.97
Basic EPS Including Extraordinary Items 10.02 12.14 13.31 12.97
Dilution Adjustment -- -- -- 0.08
Diluted Net Income 159.70 195.18 219.11 219.49
Diluted Weighted Average Shares 15.97 16.10 16.49 16.96
Diluted EPS Excluding Extraordinary Items 10.00 7.48 13.29 12.94
Diluted EPS Including Extraordinary Items 10.00 12.13 13.29 12.94
DPS - Common Stock Primary Issue 2.80 2.80 2.40 1.10
Gross Dividends - Common Stock 45.25 45.72 39.81 46.46
Total Special Items 0.00 35.25 0.00 0.00
Normalized Income Before Taxes 199.32 234.26 347.97 346.72
Effect of Special Items on Income Taxes 0.00 13.39 0.00 0.00
Income Taxes Excluding Impact of Special Items 37.52 88.99 127.10 126.39
Normalized Income After Taxes 161.80 145.27 220.87 220.33
Normalized Income Available to Common 159.70 142.31 219.11 219.41
Basic Normalized EPS 10.02 8.85 13.31 12.97
Diluted Normalized EPS 10.00 8.84 13.29 12.94
Depreciation, Supplemental 129.35 121.71 105.22 98.10
Interest Expense, Supplemental 53.76 38.99 28.84 26.51
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 12.70 9.00 8.10 7.90
Stock-Based Compensation, Supplemental 15.10 13.86 9.39 10.47
Advertising Expense, Supplemental 28.80 20.90 13.60 12.70
Equity in Affiliates, Supplemental -- -- -- --
Minority Interest, Supplemental -- -- -- 0.04
Audit-Related Fees, Supplemental 0.82 -- -- 0.74
Audit-Related Fees 0.69 -- -- --
Tax Fees, Supplemental 0.00 -- -- 0.13
All Other Fees Paid to Auditor, Supplemental 0.00 -- -- --
Gross Margin 67.27 69.57 73.22 70.42
Operating Margin 14.60 15.26 27.02 29.45
Pretax Margin 11.95 13.17 25.23 27.47
Effective Tax Rate 18.82 37.99 36.53 36.45
Net Profit Margin 9.58 7.97 15.89 17.38
Normalized EBIT 243.46 265.88 372.57 371.70
Normalized EBITDA 372.81 387.60 477.78 469.80
Current Tax - Domestic -3.71 -44.39 89.01 108.12
Current Tax - Foreign 1.09 0.56 1.26 1.00
Current Tax - Local -0.65 0.66 5.20 6.50
Current Tax - Total -3.27 -43.16 95.48 115.62
Deferred Tax - Domestic 41.59 115.75 28.65 9.46
Deferred Tax - Foreign -4.55 1.03 1.27 1.19
Deferred Tax - Local 3.74 1.98 1.70 0.13
Deferred Tax - Total 40.79 118.76 31.62 10.77
Income Tax - Total 37.52 75.60 127.10 126.39
Defined Contribution Expense - Domestic 19.10 -- -- 4.20
Total Pension Expense 19.10 -- -- 4.20
Revenue Passengers 13,750,199.00 12,310,122.00 11,128,191.00 9,500,611.00
Revenue Passengers Kilometers (RPK) 19,806.54 17,874.57 16,548.56 14,395.47
Available Seat Kilometers (ASK) 23,978.96 21,906.34 19,916.40 16,940.89
Load Factor, Total -% 82.60 81.60 83.10 85.00
Revenue per ASK -- -- -- --
Passenger Haul, Average Length (Kilometers) 1,440.46 1,452.02 1,487.08 1,515.22
Aircraft Stage, Average Length (Kilometers) 1,396.91 1,400.13 1,430.70 1,448.41
Number of Trips Flown (Departures) 101,212.00 93,061.00 82,341.00 68,653.00
Average Passenger Fare, Total 116.99 117.38 117.95 129.35
Passenger Revenue per RPK 0.08 0.08 -- --
Passenger Revenue per ASK 0.06 0.06 -- --
Operating Revenue per ASK 0.07 0.07 0.07 0.07
Operating Expense per ASK 0.06 0.06 0.05 0.05
Operating Expense per ASK, excluding Fuel 0.04 0.04 0.04 0.04
Fuel Cost per Liter 0.62 0.49 0.39 0.49
Fuel Consumed, Liters 724.80 706.22 654.10 567.63
Average Number of Operating Aircraft 91.00 87.30 83.30 74.30
Number of Hours Flown 230,123.00 212,405.00 190,706.00 160,431.00

In millions of USD (except for per share items)

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