Filed for bankruptcy in Jan 2025
SAVE - Spirit Airlines, Inc.
NYSE
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Industrials
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Airlines
Miramar,
United States
Type: Equity
SAVE price evolution
SAVE
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $845.37 | $898.37 | $984.61 | $937.72 |
| Short term investments | $115.29 | $113.85 | $112.5 | $110.93 |
| Net receivables | $216.65 | $212.47 | $205.47 | $170.96 |
| Inventory | ||||
| Total current assets | $1425.27 | $1488.41 | $1512.13 | $1449.04 |
| Long term investments | ||||
| Property, plant & equipment | $7493.15 | $7259.89 | $7080.16 | $7086.04 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $8134.19 | $8038.09 | $7905.11 | $7912.51 |
| Total investments | $115.29 | $113.85 | $112.5 | $110.93 |
| Total assets | $9559.46 | $9526.5 | $9417.24 | $9361.55 |
| Current liabilities | ||||
| Accounts payable | $70.01 | $85.07 | $42.1 | $86.3 |
| Deferred revenue | ||||
| Short long term debt | $386.34 | $390.87 | $540.45 | $446.86 |
| Total current liabilities | $1511.15 | $1529.03 | $1671.59 | $1600.8 |
| Long term debt | $7019.35 | $6769.33 | $6354.09 | $6151.79 |
| Total noncurrent liabilities | $7238.65 | $6995.2 | $6611.3 | $6444.7 |
| Total debt | $7405.69 | $7160.2 | $6894.54 | $6598.65 |
| Total liabilities | $8749.79 | $8524.24 | $8282.9 | $8045.51 |
| Shareholders' equity | ||||
| Retained earnings | -$278.81 | -$85.88 | $56.76 | $240.41 |
| Other shareholder equity | -$0.17 | -$0.17 | -$0.07 | -$0.3 |
| Total shareholder equity | $809.66 | $1002.26 | $1134.34 | $1316.05 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $984.61 | $1465.74 | $1428.91 | $1861.12 |
| Short term investments | $112.5 | $107.11 | $106.31 | $106.34 |
| Net receivables | $205.47 | $233.54 | $128.83 | $190 |
| Inventory | ||||
| Total current assets | $1512.13 | $1993.98 | $1842.49 | $2356 |
| Long term investments | ||||
| Property, plant & equipment | $7080.16 | $6449.07 | $5807.11 | $3832 |
| Goodwill & intangible assets | ||||
| Total noncurrent assets | $7905.11 | $7190.79 | $6697.53 | $6042.85 |
| Total investments | $112.5 | $107.11 | $106.31 | $106.34 |
| Total assets | $9417.24 | $9184.77 | $8540.02 | $8399 |
| Current liabilities | ||||
| Accounts payable | $42.1 | $75.45 | $44.95 | $28 |
| Deferred revenue | ||||
| Short long term debt | $540.45 | $535.18 | $367.58 | $384 |
| Total current liabilities | $1671.59 | $1596.58 | $1275.6 | $1342 |
| Long term debt | $6354.09 | $3200.38 | $4727.17 | $3067 |
| Total noncurrent liabilities | $6611.3 | $6016.54 | $5150.39 | $4807.11 |
| Total debt | $6894.54 | $6191.18 | $5094.75 | $4833.14 |
| Total liabilities | $8282.9 | $7613.12 | $6425.99 | $6149 |
| Shareholders' equity | ||||
| Retained earnings | $56.76 | $504.22 | $1058.37 | $1525 |
| Other shareholder equity | -$0.07 | -$0.6 | -$0.53 | -$0.74 |
| Total shareholder equity | $1134.34 | $1571.65 | $2114.03 | $2250 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1280.89 | $1265.54 | $1321.76 | $1258.54 |
| Cost of revenue | $701.15 | $683.19 | $746.2 | $716.62 |
| Gross Profit | $579.74 | $582.35 | $575.56 | $541.92 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $662.19 | $675.11 | $659.32 | $637.75 |
| Total operating expenses | $732.25 | $789.68 | $790.37 | $730.68 |
| Operating income | -$152.51 | -$207.34 | -$214.81 | -$188.76 |
| Income from continuing operations | ||||
| EBIT | -$135.32 | -$102.26 | -$181.02 | -$162.38 |
| Income tax expense | $3.3 | -$14.43 | -$44.62 | -$46.09 |
| Interest expense | $54.31 | $54.81 | $47.26 | $41.26 |
| Net income | ||||
| Net income | -$192.93 | -$142.63 | -$183.65 | -$157.55 |
| Income (for common shares) | -$192.93 | -$142.63 | -$183.65 | -$157.55 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $5362.55 | $5068.45 | $3230.78 | $1810 |
| Cost of revenue | $2834.01 | $2747.49 | $1636.05 | $431 |
| Gross Profit | $2528.54 | $2320.96 | $1594.73 | $1379 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $2599.93 | $2139.99 | $1728.79 | $1357 |
| Total operating expenses | $3024.3 | $2919.88 | $1651.6 | $1886.78 |
| Operating income | -$495.76 | -$598.92 | -$56.87 | -$508 |
| Income from continuing operations | ||||
| EBIT | -$389.4 | -$560.83 | -$364.71 | -$508 |
| Income tax expense | -$111.13 | -$146.59 | -$47.75 | -$191 |
| Interest expense | $169.19 | $139.91 | $155.61 | $118.53 |
| Net income | ||||
| Net income | -$447.46 | -$554.15 | -$472.57 | -$429 |
| Income (for common shares) | -$447.46 | -$554.15 | -$472.57 | -$429 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | -$192.93 | -$142.63 | -$183.65 | -$157.55 |
| Operating activities | ||||
| Depreciation | $84.49 | $81.35 | $79.54 | $82.8 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.34 | $3.08 | $2.64 | $2.57 |
| Total cash flows from operations | -$133.02 | -$136.97 | -$182.78 | -$194.6 |
| Investing activities | ||||
| Capital expenditures | $158.71 | $104.87 | $155.13 | -$57.76 |
| Investments | -$0.3 | -$0.33 | -$0.35 | -$0.5 |
| Total cash flows from investing | $153.29 | $98.82 | $149.04 | -$63.52 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.01 | -$0.64 | -$0.93 | -$0.03 |
| Net borrowings | -$72.91 | -$47.41 | $81.67 | -$45.3 |
| Total cash flows from financing | -$73.28 | -$48.08 | $80.63 | -$34.25 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$53 | -$86.24 | $46.89 | -$292.37 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$447.46 | -$554.15 | -$472.57 | -$429 |
| Operating activities | ||||
| Depreciation | $320.87 | $313.09 | $297.21 | $289 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $11.96 | $11.48 | $12.54 | $11.57 |
| Total cash flows from operations | -$246.66 | -$89.02 | $208.89 | -$225 |
| Investing activities | ||||
| Capital expenditures | -$12.59 | -$246.08 | -$334.33 | -$541 |
| Investments | -$2.06 | -$1.19 | -$0.86 | -$1 |
| Total cash flows from investing | -$36.51 | -$265.44 | -$352.44 | -$554 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$2.64 | -$2.36 | $374.15 | $365 |
| Net borrowings | -$206.3 | $397.13 | -$661.03 | $1333 |
| Total cash flows from financing | -$197.96 | $391.3 | -$288.66 | $1661 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$481.13 | $36.84 | -$432.22 | $882 |
News
Fundamentals
| Market cap | $54.65M |
|---|---|
| Enterprise value | $6.61B |
| Shares outstanding | 109.52M |
| Revenue | $5.13B |
|---|---|
| EBITDA | -$252.81M |
| EBIT | -$580.98M |
| Net Income | -$676.77M |
| Revenue Q/Q | -10.58% |
| Revenue Y/Y | -7.07% |
| P/E ratio | -0.08 |
|---|---|
| EV/Sales | 1.29 |
| EV/EBITDA | -26.17 |
| EV/EBIT | -11.39 |
| P/S ratio | 0.01 |
| P/B ratio | 0.07 |
| Book/Share | 7.39 |
| Cash/Share | 7.72 |
| EPS | -$6.18 |
|---|---|
| ROA | -7.15% |
| ROE | -63.51% |
| Debt/Equity | 7.30 |
|---|---|
| Net debt/EBITDA | -31.27 |
| Current ratio | 0.94 |
| Quick ratio | 0.94 |