Fundamentals - Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 1,503.78 1,362.83 1,262.19 1,137.05
Revenue 1,503.78 1,362.83 1,262.19 1,137.05
Total Revenue 1,503.78 1,362.83 1,262.19 1,137.05
Cost of Revenue 346.43 258.26 280.72 404.16
Cost of Revenue, Total 346.43 258.26 280.72 404.16
Gross Profit 1,157.35 1,104.58 981.47 732.89
Selling/General/Administrative Expense 308.77 255.65 216.22 199.94
Labor & Related Expense 371.60 291.97 229.80 193.35
Selling/General/Administrative Expenses, Total 680.37 547.62 446.02 393.29
Depreciation 121.71 105.22 98.10 83.41
Depreciation/Amortization 121.71 105.22 98.10 83.41
Other Unusual Expense (Income) 35.25 0.00 0.00 43.28
Unusual Expense (Income) 35.25 0.00 0.00 43.28
Other Operating Expense 92.84 81.18 65.65 55.57
Other Operating Expenses, Total 92.84 81.18 65.65 55.57
Total Operating Expense 1,276.61 992.27 890.49 979.70
Operating Income 227.17 370.56 371.70 157.35
Interest Expense - Non-Operating -38.99 -28.84 -26.51 -21.21
Interest Capitalized - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -38.99 -28.84 -26.51 -21.21
Interest Income, Non-Operating 5.81 3.01 1.39 0.77
Investment Income, Non-Operating -- -- -- --
Interest/Investment Income, Non-Operating 5.81 3.01 1.39 0.77
Interest Income (Expense), Net-Non-Operating, Total -33.18 -25.83 -25.12 -20.43
Other Non-Operating Income (Expense) 1.56 1.23 0.14 0.22
Other, Net 1.56 1.23 0.14 0.22
Net Income Before Taxes 195.55 345.96 346.72 137.13
Income Tax – Total 75.38 126.37 126.39 50.83
Income After Tax 120.16 219.59 220.33 86.30
Minority Interest -- 0.00 0.04 0.39
Net Income Before Extraordinary Items 120.16 219.59 220.37 86.69
Extraordinary Item 74.74 -- -- --
Total Extraordinary Items 74.74 -- -- --
Net Income 194.90 219.59 220.37 86.69
Miscellaneous Earnings Adjustment -- -1.75 -0.96 -0.29
Total Adjustments to Net Income -- -1.75 -0.96 -0.29
Income Available to Common Excluding Extraordinary Items 120.16 217.84 219.41 86.40
Income Available to Common Stocks Including Extraordinary Items 194.90 217.84 219.41 86.40
Basic Weighted Average Shares 16.07 16.47 16.92 17.73
Basic EPS Excluding Extraordinary Items 7.48 13.23 12.97 4.87
Basic EPS Including Extraordinary Items 12.13 13.23 12.97 4.87
Dilution Adjustment -- -- 0.08 0.00
Diluted Net Income 194.90 217.84 219.49 86.40
Diluted Weighted Average Shares 16.10 16.49 16.96 17.78
Diluted EPS Excluding Extraordinary Items 7.47 13.21 12.94 4.86
Diluted EPS Including Extraordinary Items 12.11 13.21 12.94 4.86
DPS - Common Stock Primary Issue 2.80 2.40 1.10 --
Gross Dividends - Common Stock 45.72 39.81 46.46 43.72
Total Special Items 35.25 0.00 0.00 43.28
Normalized Income Before Taxes 230.80 345.96 346.72 180.41
Effect of Special Items on Income Taxes 13.59 0.00 0.00 16.04
Income Taxes Excluding Impact of Special Items 88.97 126.37 126.39 66.87
Normalized Income After Taxes 141.83 219.59 220.33 113.54
Normalized Income Available to Common 141.83 217.84 219.41 113.63
Basic Normalized EPS 8.82 13.23 12.97 6.41
Diluted Normalized EPS 8.81 13.21 12.94 6.39
Depreciation, Supplemental 121.71 105.22 98.10 83.41
Interest Expense, Supplemental 38.99 28.84 26.51 21.21
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 9.00 8.10 7.90 8.81
Stock-Based Compensation, Supplemental 13.86 9.39 10.47 16.72
Advertising Expense, Supplemental 20.90 13.60 12.70 6.02
Equity in Affiliates, Supplemental -- -- -- --
Minority Interest, Supplemental -- 0.00 0.04 0.39
Audit-Related Fees, Supplemental 0.82 0.92 0.74 0.87
Audit-Related Fees 0.38 0.21 -- --
Tax Fees, Supplemental 0.00 0.00 0.13 0.06
All Other Fees Paid to Auditor, Supplemental 0.25 -- -- --
Gross Margin 76.96 81.05 77.76 64.46
Operating Margin 15.11 27.19 29.45 13.84
Pretax Margin 13.00 25.39 27.47 12.06
Effective Tax Rate 38.55 36.53 36.45 37.07
Net Profit Margin 7.99 15.98 17.38 7.60
Normalized EBIT 262.42 370.56 371.70 200.63
Normalized EBITDA 384.14 475.77 469.80 284.03
Current Tax - Domestic -44.39 89.01 108.12 53.16
Current Tax - Foreign 0.56 1.26 1.00 0.85
Current Tax - Local 0.66 5.20 6.50 4.65
Current Tax - Total -43.16 95.48 115.62 58.66
Deferred Tax - Domestic 115.55 27.95 9.46 -8.56
Deferred Tax - Foreign 1.03 1.27 1.19 0.98
Deferred Tax - Local 1.96 1.67 0.13 -0.25
Deferred Tax - Total 118.55 30.89 10.77 -7.83
Income Tax - Total 75.38 126.37 126.39 50.83
Defined Contribution Expense - Domestic 14.20 5.80 4.20 3.41
Total Pension Expense 14.20 5.80 4.20 3.41
Revenue Passengers 12,310,122.00 11,128,191.00 9,500,611.00 8,154,357.00
Revenue Passengers Kilometers (RPK) 17,874.57 16,548.56 14,395.47 12,594.63
Available Seat Kilometers (ASK) 21,906.34 19,916.40 16,940.89 14,396.54
Load Factor, Total -% 81.60 83.10 85.00 87.50
Revenue per ASK -- -- -- --
Passenger Haul, Average Length (Kilometers) 1,452.02 1,487.08 1,515.22 1,544.53
Aircraft Stage, Average Length (Kilometers) 1,400.13 1,430.70 1,448.41 1,477.37
Number of Trips Flown (Departures) 93,061.00 82,341.00 68,653.00 56,961.00
Average Passenger Fare, Total 116.77 117.95 129.35 137.23
Operating Revenue per ASK 0.07 0.07 0.07 0.08
Operating Expense per ASK 0.06 0.05 0.05 0.07
Operating Expense per ASK, excluding Fuel 0.04 0.04 0.04 0.04
Fuel Cost per Liter 0.49 0.39 0.49 0.80
Fuel Consumed, Liters 706.22 654.10 567.63 488.06
Average Number of Operating Aircraft 87.30 83.30 74.30 68.80
Number of Hours Flown 212,405.00 190,706.00 160,431.00 135,572.00

In millions of USD (except for per share items)

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