Balance Sheet Spirit Aviation Holdings, Inc.

Stocks

FLYY.Q

US84863V1017

Airlines

Market Closed - OTC Markets Other stock markets 20:55:57 09/06/2026 BST			5-day change	1st Jan Change
0.0200 ^USD	+33.33%		0.00%	-92.03%

05-29	Castlelake mulls possible offer for British budget carrier easyJet	RE
05-12	Fitch Ratings says Spirit Airlines' shutdown has limited credit impact on US airports	RE

0621afa9b28af284bcc81fb.llJ-Dzp1vp0PU9pGhvZe2533pxV84QSMm8X5kNxC-Ds.2SobTkox5vZCAZAA8Y5msu-kxCEjiFy_xPeL_pN1i0vABT1hWDbo7EA3vQ

Published financial data: SPIRIT AVIATION HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.18B	4.99B	5.27B	4.81B	3.72B
Other Revenues, Total	54.97M	79.08M	94.39M	102M	76.86M
Total Revenues	3.23B	5.07B	5.36B	4.91B	3.8B
Cost of Goods Sold, Total	2.79B	4.1B	4.53B	4.49B	3.66B
Gross Profit	437M	973M	832M	421M	132M
Selling General & Admin Expenses, Total	132M	178M	191M	197M	173M
Depreciation & Amortization - (IS)	202M	216M	241M	212M	168M
Other Operating Expenses	531M	711M	792M	807M	688M
Other Operating Expenses, Total	865M	1.11B	1.22B	1.22B	1.03B
Operating Income	-428M	-132M	-392M	-795M	-896M
Interest Expense, Total	-137M	-117M	-136M	-201M	-206M
Interest And Investment Income	5.37M	20.08M	61.65M	48.32M	32.27M
Net Interest Expenses	-131M	-97M	-74.18M	-153M	-174M
Currency Exchange Gains (Loss)	-577K	-4.82M	-4.06M	65.69M	-
Other Non Operating Income (Expenses)	-	-	-	-	-1.65M
EBT, Excl. Unusual Items	-560M	-234M	-471M	-882M	-1.07B
Restructuring Charges	-	-	-	-96.78M	-1.77B
Merger & Related Restructuring Charges	-	-86.48M	-69.54M	-36.1M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-3.32M	-46.62M	-33.97M	-274M	97.44M
Asset Writedown	-3.5M	-334M	-	-	-
Other Unusual Items	46.08M	-	15.41M	-485K	-7.14M
EBT, Incl. Unusual Items	-520M	-701M	-559M	-1.29B	-2.75B
Income Tax Expense	-47.75M	-147M	-111M	-60.21M	9.63M
Earnings From Continuing Operations	-473M	-554M	-447M	-1.23B	-2.76B
Net Income to Company	-473M	-554M	-447M	-1.23B	-2.76B
Net Income - (IS)	-473M	-554M	-447M	-1.23B	-2.76B
Net Income to Common Incl Extra Items	-473M	-554M	-447M	-1.23B	-2.76B
Net Income to Common Excl. Extra Items	-473M	-554M	-447M	-1.23B	-2.76B
Per Share Items
Net EPS - Basic	-4.5	-5.1	-4.1	-11.23	-53.99
Basic EPS - Continuing Operations	-4.5	-5.1	-4.1	-11.23	-53.99
Basic Weighted Average Shares Outstanding	105M	109M	109M	109M	51.13M
Net EPS - Diluted	-4.5	-5.1	-4.1	-11.23	-53.99
Diluted EPS - Continuing Operations	-4.5	-5.1	-4.1	-11.23	-53.99
Diluted Weighted Average Shares Outstanding	105M	109M	109M	109M	51.13M
Normalized Basic EPS	-3.33	-1.34	-2.69	-5.04	-13.1
Normalized Diluted EPS	-3.33	-1.34	-2.69	-5.04	-13.1
Supplemental Items
EBITDA	-238M	67M	-174M	-618M	-764M
EBITA	-428M	-132M	-392M	-795M	-896M
EBIT	-428M	-132M	-392M	-795M	-896M
EBITDAR	211M	605M	499M	238M	69.46M
Total Revenues (As Reported)	3.23B	5.07B	5.36B	4.91B	3.8B
Effective Tax Rate - (Ratio)	9.18	20.92	19.89	4.67	-0.35
Current Domestic Taxes	568K	1.7M	1.35M	-5.48M	-5K
Current Foreign Taxes	1.18M	-	-	3.48M	2.12M
Total Current Taxes	1.75M	1.7M	1.35M	-1.99M	2.12M
Deferred Domestic Taxes	-49.5M	-149M	-119M	-58.22M	7.51M
Total Deferred Taxes	-49.5M	-149M	-119M	-58.22M	7.51M
Normalized Net Income	-350M	-146M	-294M	-552M	-670M
Interest Capitalized	19M	22.82M	33.36M	18.09M	2.2M
Interest on Long-Term Debt	165M	140M	169M	219M	209M
Supplemental Operating Expense Items
Marketing Expenses	7.1M	9.2M	9M	26.8M	36.2M
Selling and Marketing Expenses	132M	178M	191M	197M	173M
Net Rental Expense, Total	449M	538M	673M	856M	833M
Imputed Operating Lease Interest Expense	113M	107M	139M	219M	348M
Imputed Operating Lease Depreciation	337M	431M	534M	636M	485M
Maintenance & Repair Expenses, Total	251M	285M	303M	331M	285M
Stock-Based Comp., COGS (Total)	12.54M	11.48M	11.96M	7.21M	7.84M
Total Stock-Based Compensation	12.54M	11.48M	11.96M	7.21M	7.84M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.33B	1.35B	865M	902M	273M
Short Term Investments	106M	107M	113M	118M	-
Total Cash And Short Term Investments	1.44B	1.45B	978M	1.02B	273M
Accounts Receivable, Total	129M	197M	205M	179M	129M
Other Receivables	37.89M	36.26M	-	-	-
Total Receivables	167M	234M	205M	179M	129M
Prepaid Expenses	127M	188M	210M	278M	249M
Restricted Cash	95.4M	119M	119M	168M	591M
Other Current Assets, Total	13.23M	-	-	463M	2.97M
Total Current Assets	1.84B	1.99B	1.51B	2.11B	1.25B
Gross Property Plant And Equipment	6.69B	7.55B	8.25B	8.1B	4.42B
Accumulated Depreciation	-885M	-1.1B	-1.17B	-1.03B	-126M
Net Property Plant And Equipment	5.81B	6.45B	7.08B	7.08B	4.29B
Other Intangibles, Total	-	-	-	-	83.48M
Deferred Charges Long-Term	330M	190M	314M	241M	90.72M
Other Long-Term Assets, Total	560M	551M	511M	168M	280M
Total Assets	8.54B	9.18B	9.42B	9.6B	5.99B
Liabilities
Accounts Payable, Total	44.95M	75.45M	42.1M	32.38M	44.08M
Accrued Expenses, Total	481M	556M	705M	571M	367M
Current Portion of Long-Term Debt	208M	346M	315M	436M	475M
Current Portion of Leases	159M	189M	225M	258M	127K
Unearned Revenue Current, Total	382M	430M	384M	437M	338M
Other Current Liabilities	-	-	-	35M	60.23M
Total Current Liabilities	1.28B	1.6B	1.67B	1.77B	1.28B
Long-Term Debt	2.98B	3.2B	3.05B	1.76B	719M
Long-Term Leases	1.75B	2.46B	3.3B	4.34B	153K
Unearned Revenue Non Current	47.74M	84.2M	138M	123M	39.29M
Deferred Tax Liability Non Current	375M	227M	108M	51.93M	59.44M
Other Non Current Liabilities	-	49.5M	11.1M	1.64B	5.98B
Total Liabilities	6.43B	7.61B	8.28B	9.68B	8.08B
Common Stock, Total	11K	11K	11K	11K	3K
Additional Paid In Capital	1.13B	1.15B	1.16B	1.17B	741M
Retained Earnings	1.06B	504M	56.76M	-1.17B	-2.83B
Treasury Stock	-75.64M	-78M	-80.64M	-81.28M	-
Comprehensive Income and Other	-532K	-596K	-67K	188K	-
Total Common Equity	2.11B	1.57B	1.13B	-80.13M	-2.09B
Total Equity	2.11B	1.57B	1.13B	-80.13M	-2.09B
Total Liabilities And Equity	8.54B	9.18B	9.42B	9.6B	5.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	109M	109M	109M	110M	28.32M
ECS Total Common Shares Outstanding	108M	109M	109M	110M	28.32M
Book Value / Share	19.5	14.43	10.38	-0.73	-73.86
Tangible Book Value	2.11B	1.57B	1.13B	-80.13M	-2.18B
Tangible Book Value Per Share	19.5	14.43	10.38	-0.73	-76.8
Total Debt	5.09B	6.19B	6.89B	6.79B	1.19B
Net Debt	3.65B	4.74B	5.92B	5.77B	921M
Debt Equivalent Oper. Leases	3.6B	4.3B	5.39B	6.84B	6.66B
Account Code - Inventory Valuation	3	-	3	3	3
Machinery, Total	4.36B	4.33B	3.96B	2.74B	1.96B
Full Time Employees	9.82K	12.02K	13.17K	11.33K	7.48K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-473M	-554M	-447M	-1.23B	-2.76B
Depreciation & Amortization - CF	190M	199M	218M	178M	133M
Depreciation & Amortization, Total	190M	199M	218M	178M	133M
Amortization of Deferred Charges, Total - (CF)	104M	141M	126M	171M	142M
(Gain) Loss From Sale Of Asset	16.23M	46.62M	33.97M	274M	-97.44M
Asset Writedown & Restructuring Costs	3.5M	334M	-	85.55M	1.85B
Stock-Based Compensation (CF)	12.54M	11.48M	11.96M	7.21M	7.84M
Provision and Write-off of Bad Debts	-88K	-108K	159K	822K	-831K
Other Operating Activities, Total	284M	-147M	-115M	-57.37M	5.88M
Change In Accounts Receivable	-85.8M	-68.34M	-8.35M	26.8M	53.37M
Change In Accounts Payable	13.06M	9.03M	-34.05M	-40.12M	120M
Change in Unearned Revenues	-19.65M	47.3M	-45.87M	53.06M	-98.62M
Change In Income Taxes	110M	1.63M	36.26M	-96K	-
Change in Other Net Operating Assets	53.88M	-110M	-22.27M	-227M	-286M
Cash from Operations	209M	-89.02M	-247M	-758M	-930M
Capital Expenditure	-352M	-264M	-288M	-132M	-50.86M
Sale of Property, Plant, and Equipment	-	-	231M	233M	271M
Investment in Marketable and Equity Securities, Total	-861K	-1.19M	-2.06M	-1.4M	120M
Other Investing Activities, Total	-	-	23.16M	364M	63.47M
Cash from Investing	-352M	-265M	-36.51M	464M	404M
Long-Term Debt Issued, Total	614M	591M	458M	724M	830M
Total Debt Issued	614M	591M	458M	724M	830M
Long-Term Debt Repaid, Total	-1.28B	-194M	-661M	-326M	-832M
Total Debt Repaid	-1.28B	-194M	-661M	-326M	-832M
Issuance of Common Stock	376M	-	-	-	350M
Repurchase of Common Stock	-1.52M	-2.36M	-2.64M	-650K	-
Other Financing Activities, Total	-1.78M	-3.47M	7.95M	-16.09M	-27.34M
Cash from Financing	-289M	391M	-198M	380M	320M
Net Change in Cash	-432M	36.84M	-481M	85.84M	-206M
Supplemental Items
Cash Interest Paid	136M	107M	138M	176M	155M
Cash Income Tax Paid (Refund)	-112M	-82K	-32.85M	3.55M	1.98M
Levered Free Cash Flow	-257M	-52.48M	-186M	-1.01B	-607M
Unlevered Free Cash Flow	-171M	-6.73M	-125M	-907M	-508M
Change In Net Working Capital	-141M	-15.53M	-75.85M	610M	150M
Net Debt Issued / Repaid	-661M	397M	-203M	397M	-2.25M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.16	-0.93	-2.64	-5.23	-7.19
Return on Total Capital	-3.74	-1.1	-3.1	-6.75	-19.27
Return On Equity %	-21.66	-30.07	-33.07	-233.25	254.21
Return on Common Equity	-21.66	-30.07	-33.07	-233.25	254.21
Margin Analysis
Gross Profit Margin %	13.54	19.2	15.51	8.57	3.48
SG&A Margin	4.1	3.5	3.56	4.01	4.56
EBITDA Margin %	-7.37	1.32	-3.25	-12.57	-20.11
EBITA Margin %	-13.24	-2.61	-7.31	-16.19	-23.6
EBIT Margin %	-13.24	-2.61	-7.31	-16.19	-23.6
Income From Continuing Operations Margin %	-14.63	-10.93	-8.34	-25.02	-72.71
Net Income Margin %	-14.63	-10.93	-8.34	-25.02	-72.71
Net Avail. For Common Margin %	-14.63	-10.93	-8.34	-25.02	-72.71
Normalized Net Income Margin	-10.83	-2.88	-5.48	-11.23	-17.64
Levered Free Cash Flow Margin	-7.95	-1.04	-3.47	-20.54	-15.99
Unlevered Free Cash Flow Margin	-5.31	-0.13	-2.33	-18.46	-13.39
Asset Turnover
Asset Turnover	0.38	0.57	0.58	0.52	0.49
Fixed Assets Turnover	0.58	0.83	0.79	0.69	0.67
Receivables Turnover (Average Receivables)	36.98	30.6	26.16	25.03	24.14
Short Term Liquidity
Current Ratio	1.44	1.25	0.9	1.19	0.97
Quick Ratio	1.26	1.06	0.71	0.68	0.31
Operating Cash Flow to Current Liabilities	0.16	-0.06	-0.15	-0.43	-0.72
Days Sales Outstanding (Average Receivables)	9.87	11.93	13.95	14.62	15.12
Average Days Payable Outstanding	4.8	5.37	4.73	3.03	3.81
Long Term Solvency
Total Debt/Equity	241	393.93	607.8	-8.47K	-57.07
Total Debt / Total Capital	70.67	79.75	85.87	101.19	-132.93
LT Debt/Equity	223.61	359.88	560.16	-7.61K	-34.37
Long-Term Debt / Total Capital	65.58	72.86	79.14	90.85	-80.06
Total Liabilities / Total Assets	75.25	82.89	87.95	100.84	134.9
EBIT / Interest Expense	-3.13	-1.13	-2.89	-3.96	-4.34
EBITDA / Interest Expense	1.55	5.17	3.67	1.18	-3.7
(EBITDA - Capex) / Interest Expense	-1.03	2.91	1.55	0.53	-3.95
Total Debt / EBITDA	24.12	10.24	13.82	28.54	-1.56
Net Debt / EBITDA	17.3	7.83	11.86	24.26	-1.21
Total Debt / (EBITDA - Capex)	-36.29	18.17	32.73	64.07	-1.47
Net Debt / (EBITDA - Capex)	-26.04	13.91	28.09	54.44	-1.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	78.49	56.88	5.8	-8.38	-22.73
Gross Profit, 1 Yr. Growth %	-345.21	122.49	-14.5	-49.4	-68.65
EBITDA, 1 Yr. Growth %	-62.12	-128.13	-359.93	254.64	23.63
EBITA, 1 Yr. Growth %	-47.08	-69.11	196.89	102.8	12.66
EBIT, 1 Yr. Growth %	-47.08	-69.11	196.89	102.8	12.66
Earnings From Cont. Operations, 1 Yr. Growth %	10.23	17.26	-19.25	174.77	124.52
Net Income, 1 Yr. Growth %	10.23	17.26	-19.25	174.77	124.52
Normalized Net Income, 1 Yr. Growth %	-39.22	-58.19	101.12	87.56	21.46
Diluted EPS Before Extra, 1 Yr. Growth %	-11.09	13.32	-19.61	173.9	380.79
Accounts Receivable, 1 Yr. Growth %	200.02	53.13	4.15	-12.9	-27.81
Net Property, Plant and Equip., 1 Yr. Growth %	10.62	11.05	9.79	-0.05	-39.33
Total Assets, 1 Yr. Growth %	1.68	7.55	2.53	1.89	-37.54
Tangible Book Value, 1 Yr. Growth %	-6.03	-25.66	-27.82	-107.06	2.6K
Common Equity, 1 Yr. Growth %	-6.03	-25.66	-27.82	-107.06	2.51K
Cash From Operations, 1 Yr. Growth %	-192.73	-142.62	177.08	207.34	22.72
Capital Expenditures, 1 Yr. Growth %	-36.4	-24.84	9.14	-64.79	-61.44
Levered Free Cash Flow, 1 Yr. Growth %	-71.41	-78.49	254.76	270.55	-39.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-79.47	-96.08	1.76K	329.64	-43.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.16	67.34	28.83	-1.54	-15.86
Gross Profit, 2 Yr. CAGR %	-42.58	133.57	37.93	-34.23	-60.17
EBITDA, 2 Yr. CAGR %	-40.57	-67.36	-14.49	203.62	109.39
EBITA, 2 Yr. CAGR %	-9.22	-59.57	-4.63	145.37	51.15
EBIT, 2 Yr. CAGR %	-9.22	-59.57	-4.63	145.37	51.15
Earnings From Cont. Operations, 2 Yr. CAGR %	18.73	13.69	-2.69	48.95	148.38
Net Income, 2 Yr. CAGR %	18.73	13.69	-2.69	48.95	148.38
Normalized Net Income, 2 Yr. CAGR %	10.96	-49.59	-8.59	94.22	50.93
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.06	0.38	-4.55	48.39	262.89
Accounts Receivable, 2 Yr. CAGR %	32.12	114.34	26.29	-4.76	-20.71
Net Property, Plant and Equip., 2 Yr. CAGR %	8.86	10.84	10.42	4.75	-22.13
Total Assets, 2 Yr. CAGR %	10.11	4.57	5.01	2.21	-20.23
Tangible Book Value, 2 Yr. CAGR %	-3.31	-16.42	-26.75	-77.42	38.48
Common Equity, 2 Yr. CAGR %	-3.31	-16.42	-26.75	-77.42	35.79
Cash From Operations, 2 Yr. CAGR %	-38.45	-37.14	8.67	191.82	94.2
Capital Expenditures, 2 Yr. CAGR %	-12.13	-30.86	-9.43	-45.54	-63.16
Levered Free Cash Flow, 2 Yr. CAGR %	118.19	-75.83	-12.4	108.19	49.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.39	-91.03	-14.33	120.16	55.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.93	9.78	43.62	15	-9.18
Gross Profit, 3 Yr. CAGR %	-26.5	-9.81	67.09	-1.26	-48.62
EBITDA, 3 Yr. CAGR %	-25.62	-53.69	-34.82	37.38	125.04
EBITA, 3 Yr. CAGR %	-1.63	-36.63	-21.42	22.64	89.29
EBIT, 3 Yr. CAGR %	-1.63	-36.63	-21.42	22.64	89.29
Earnings From Cont. Operations, 3 Yr. CAGR %	44.77	18.24	1.44	37.54	70.79
Net Income, 3 Yr. CAGR %	44.77	18.24	1.44	37.54	70.79
Normalized Net Income, 3 Yr. CAGR %	12.42	-19.86	-20.05	16.16	66.09
Diluted EPS Before Extra, 3 Yr. CAGR %	25.44	1.41	-6.78	35.63	119.58
Accounts Receivable, 3 Yr. CAGR %	39.3	38.78	68.51	11.58	-13.16
Net Property, Plant and Equip., 3 Yr. CAGR %	23.06	9.59	10.49	6.81	-12.69
Total Assets, 3 Yr. CAGR %	18.25	9.25	3.89	3.96	-13.26
Tangible Book Value, 3 Yr. CAGR %	3.11	-11.42	-20.41	-66.41	11.44
Common Equity, 3 Yr. CAGR %	3.11	-11.42	-20.41	-66.41	10
Cash From Operations, 3 Yr. CAGR %	-25.56	-45.55	3.07	53.67	118.63
Capital Expenditures, 3 Yr. CAGR %	-23.77	-16.59	-19.5	-27.88	-51.46
Levered Free Cash Flow, 3 Yr. CAGR %	37.91	-0.92	-40.82	60.84	37.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	41.48	-59.45	-46.92	74.69	39.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.85	13.9	10.04	5.11	15.97
Gross Profit, 5 Yr. CAGR %	-13.52	0.5	-5.46	-20.51	-5.84
EBITDA, 5 Yr. CAGR %	-15.01	-32.69	-21.35	-1.75	3.96
EBITA, 5 Yr. CAGR %	-2.39	-19.94	-2.68	8.91	2.09
EBIT, 5 Yr. CAGR %	-2.39	-19.94	-2.68	8.91	2.09
Earnings From Cont. Operations, 5 Yr. CAGR %	12.39	5.93	23.5	29.68	45.13
Net Income, 5 Yr. CAGR %	12.39	5.93	23.5	29.68	45.13
Normalized Net Income, 5 Yr. CAGR %	4.06	-8.59	3.62	14.19	3.09
Diluted EPS Before Extra, 5 Yr. CAGR %	3.77	-3.17	12.45	18.09	60.55
Accounts Receivable, 5 Yr. CAGR %	25.65	31.95	33.94	19.38	24.64
Net Property, Plant and Equip., 5 Yr. CAGR %	31.71	23.57	17.84	7.63	-3.94
Total Assets, 5 Yr. CAGR %	22.06	17.24	12.76	6.38	-6.53
Tangible Book Value, 5 Yr. CAGR %	8.68	-2.27	-10.07	-48.73	-0.67
Common Equity, 5 Yr. CAGR %	8.68	-2.27	-10.07	-48.73	-1.45
Cash From Operations, 5 Yr. CAGR %	-15.04	-26.86	-13.4	6.58	32.79
Capital Expenditures, 5 Yr. CAGR %	-13.45	-19.68	-18.33	-21.95	-37.95
Levered Free Cash Flow, 5 Yr. CAGR %	0.29	-36.85	13.71	79.64	-7.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.12	-57.68	15.58	55.16	-9.45