Fundamentals - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated)
Net Sales 1,840.97 1,667.45 1,511.20 1,378.94
Revenue 1,840.97 1,667.45 1,511.20 1,378.94
Total Revenue 1,840.97 1,667.45 1,511.20 1,378.94
Cost of Revenue 519.54 545.70 459.91 369.33
Cost of Revenue, Total 519.54 545.70 459.91 369.33
Gross Profit 1,321.43 1,121.75 1,051.29 1,009.62
Selling/General/Administrative Expense 250.33 205.73 178.36 145.08
Labor & Related Expense 450.45 413.89 371.60 291.97
Advertising Expense -- 28.80 20.90 13.60
Selling/General/Administrative Expenses, Total 700.78 648.43 570.86 450.66
Depreciation 155.85 129.35 121.71 105.22
Depreciation/Amortization 155.85 129.35 121.71 105.22
Other Unusual Expense (Income) 3.68 0.00 35.25 0.00
Unusual Expense (Income) 3.68 0.00 35.25 0.00
Other Operating Expense 100.85 100.52 92.84 81.18
Other Operating Expenses, Total 100.85 100.52 92.84 81.18
Total Operating Expense 1,480.69 1,423.99 1,280.57 1,006.38
Operating Income 360.27 243.46 230.63 372.57
Interest Expense - Non-Operating -76.80 -53.76 -38.99 -28.84
Interest Capitalized - Non-Operating 4.47 -- -- --
Interest Expense, Net Non-Operating -72.33 -53.76 -38.99 -28.84
Interest Income, Non-Operating 12.52 9.23 5.81 3.01
Interest/Investment Income, Non-Operating 12.52 9.23 5.81 3.01
Interest Income (Expense), Net-Non-Operating, Total -59.81 -44.54 -33.18 -25.83
Other Non-Operating Income (Expense) 0.78 0.40 1.56 1.23
Other, Net 0.78 0.40 1.56 1.23
Net Income Before Taxes 301.25 199.32 199.01 347.97
Income Tax – Total 69.13 37.52 75.60 127.10
Income After Tax 232.12 161.80 123.41 220.87
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 232.12 161.80 123.41 220.87
Extraordinary Item -- 0.00 74.74 0.00
Total Extraordinary Items -- 0.00 74.74 0.00
Net Income 232.12 161.80 198.15 220.87
Miscellaneous Earnings Adjustment -3.41 -2.11 -2.97 -1.76
Total Adjustments to Net Income -3.41 -2.11 -2.97 -1.76
Income Available to Common Excluding Extraordinary Items 228.70 159.70 120.45 219.11
Income Available to Common Stocks Including Extraordinary Items 228.70 159.70 195.18 219.11
Basic Weighted Average Shares 16.03 15.94 16.07 16.47
Basic EPS Excluding Extraordinary Items 14.27 10.02 7.49 13.31
Basic EPS Including Extraordinary Items 14.27 10.02 12.14 13.31
Dilution Adjustment -- -- -- --
Diluted Net Income 228.70 159.70 195.18 219.11
Diluted Weighted Average Shares 16.03 15.97 16.10 16.49
Diluted EPS Excluding Extraordinary Items 14.27 10.00 7.48 13.29
Diluted EPS Including Extraordinary Items 14.27 10.00 12.13 13.29
DPS - Common Stock Primary Issue 2.80 2.80 2.80 2.40
Gross Dividends - Common Stock -- 45.25 45.72 39.81
Total Special Items 3.68 0.00 35.25 0.00
Normalized Income Before Taxes 304.92 199.32 234.26 347.97
Effect of Special Items on Income Taxes 0.84 0.00 13.39 0.00
Income Taxes Excluding Impact of Special Items 69.97 37.52 88.99 127.10
Normalized Income After Taxes 234.95 161.80 145.27 220.87
Normalized Income Available to Common 231.54 159.70 142.31 219.11
Basic Normalized EPS 14.45 10.02 8.85 13.31
Diluted Normalized EPS 14.45 10.00 8.84 13.29
Depreciation, Supplemental 155.85 129.35 121.71 105.22
Interest Expense, Supplemental 72.33 53.76 38.99 28.84
Interest Capitalized, Supplemental -4.47 -- -- --
Rental Expense, Supplemental 0.00 12.70 9.00 8.10
Stock-Based Compensation, Supplemental -- 15.10 13.86 9.39
Advertising Expense, Supplemental -- 28.80 20.90 13.60
Equity in Affiliates, Supplemental -- -- -- --
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental -- 0.82 -- --
Audit-Related Fees -- 0.69 -- --
Tax Fees, Supplemental -- 0.00 -- --
All Other Fees Paid to Auditor, Supplemental -- 0.00 -- --
Gross Margin 71.78 67.27 69.57 73.22
Operating Margin 19.57 14.60 15.26 27.02
Pretax Margin 16.36 11.95 13.17 25.23
Effective Tax Rate 22.95 18.82 37.99 36.53
Net Profit Margin 12.42 9.58 7.97 15.89
Normalized EBIT 363.95 243.46 265.88 372.57
Normalized EBITDA 519.80 372.81 387.60 477.78
Current Tax - Domestic -- -3.71 -44.39 89.01
Current Tax - Foreign -- 1.09 0.56 1.26
Current Tax - Local -- -0.65 0.66 5.20
Current Tax - Total -- -3.27 -43.16 95.48
Deferred Tax - Domestic -- 41.59 115.75 28.65
Deferred Tax - Foreign -- -4.55 1.03 1.27
Deferred Tax - Local -- 3.74 1.98 1.70
Deferred Tax - Total -- 40.79 118.76 31.62
Income Tax - Total -- 37.52 75.60 127.10
Defined Contribution Expense - Domestic -- 19.10 -- --
Total Pension Expense -- 19.10 -- --
Revenue Passengers -- 13,750,199.00 12,310,122.00 11,128,191.00
Revenue Passengers Kilometers (RPK) -- 19,806.54 17,874.57 16,548.56
Available Seat Kilometers (ASK) -- 23,978.96 21,906.34 19,916.40
Load Factor, Total -% -- 82.60 81.60 83.10
Revenue per ASK -- -- -- --
Passenger Haul, Average Length (Kilometers) -- 1,440.46 1,452.02 1,487.08
Aircraft Stage, Average Length (Kilometers) -- 1,396.91 1,400.13 1,430.70
Number of Trips Flown (Departures) -- 101,212.00 93,061.00 82,341.00
Average Passenger Fare, Total -- 116.99 117.38 117.95
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
Operating Expense per ASK -- 0.06 0.06 0.05
Operating Expense per ASK, excluding Fuel -- 0.04 0.04 0.04
Fuel Cost per Liter -- 0.62 0.49 0.39
Fuel Consumed, Liters -- 724.80 706.22 654.10
Average Number of Operating Aircraft -- 91.00 87.30 83.30
Number of Hours Flown -- 230,123.00 212,405.00 190,706.00

In millions of USD (except for per share items)

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