Allegiant Travel CO (ALGT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Allegiant Air	2,137.8	1,578.4	902.2	1,683.0	1,533.7	1,372.0
Other	164.1	129.5	87.9	158.0	133.7	139.2
Total revenues [+]	2,301.8	1,707.9	990.1	1,841.0	1,667.4	1,511.2	1,378.9	1,262.2
Passenger								735.6
Net interest income	2.2	1.8	14.5	22.9	25.4	37.8
Other	2.2	1.8	14.5	22.9	25.4	37.8	33.0
Revenue growth [+]	34.8%	72.5%	-46.2%	10.4%	10.3%	9.6%	9.3%	11.0%
Allegiant Air	35.4%	75.0%	-46.4%	9.7%	11.8%
Cost of goods sold [+]	1,485.0	1,030.8	663.5	1,070.8	1,060.1	924.4	742.5	668.7
Labor costs	552.4	484.6	377.8	450.4	413.9	371.6	292.0	229.8
Fuel costs	814.8	440.2	221.8	427.8	445.8	343.3	257.3	278.4
Aircraft maintenance, materials and repairs	117.8	105.9	63.9	91.7	99.0	113.5	111.1	92.6
Aircraft rental					0.9	3.1	0.9	2.3
Other direct costs				100.8	100.5	92.8	81.2	65.6
Gross profit	816.8	677.2	326.5	770.1	607.3	586.9	636.5	593.4
Gross margin	35.5%	39.6%	33.0%	41.8%	36.4%	38.8%	46.2%	47.0%
Selling, general and administrative [+]	100.7	72.7	43.5	78.9	73.5	56.7	34.6	21.3
Sales and marketing	100.7	72.7	43.5	78.9	73.5	56.7	34.6	21.3
Equity in earnings
Other operating expenses	392.3	146.3	54.8	171.4	161.0	142.6	124.1	102.3
EBITDA [+]	323.8	458.1	228.2	519.8	372.8	387.6	477.8	469.8
EBITDA growth	-29.3%	100.7%	-56.1%	39.4%	-3.8%	-18.9%	1.7%	65.4%
EBITDA margin	14.1%	26.8%	23.1%	28.2%	22.4%	25.6%	34.6%	37.2%
Depreciation and amortization	197.5	181.0	176.3	155.9	129.4	121.7	105.2	98.1
EBIT [+]	126.3	277.1	51.9	364.0	243.5	265.9	372.6	371.7
EBIT growth	-54.4%	433.4%	-85.7%	49.5%	-8.4%	-28.6%	0.2%	85.3%
EBIT margin	5.5%	16.2%	5.2%	19.8%	14.6%	17.6%	27.0%	29.4%
Non-recurring items [+]	34.6	14.0	332.9			35.3
Asset impairment	34.6	14.0	306.3			35.3
Interest expense, net [+]	99.2	66.7	56.2	64.3	46.9	36.4	25.8	25.1
Interest expense	115.7	68.5	61.7	76.8	56.1	42.2	28.8	26.5
Interest income	16.5	1.8	5.5	12.5	9.2	5.8	3.0	1.5
Other income (expense), net [+]	12.5	0.2	-23.9	1.6	2.7	4.7	1.2	0.1
Gain (loss) on debt retirement				-3.7
Other non-operating income				-5.3	0.4	-1.6	-1.2	-0.1
Other	-0.1	0.2	-1.3	5.3	-0.4	1.6	1.2	0.1
Pre-tax income	5.0	196.6	-361.1	301.2	199.3	199.0	348.0	346.7
Income taxes	2.5	44.8	-177.0	69.1	37.5	0.9	127.1	126.4
Tax rate	49.7%	22.8%	49.0%	22.9%	18.8%	0.4%	36.5%	36.5%
Minority interest								0.0
Net income	2.5	151.9	-184.1	232.1	161.8	198.1	220.9	220.4
Net margin	0.1%	8.9%	-18.6%	12.6%	9.7%	13.1%	16.0%	17.5%

Basic EPS [+]	$0.14	$8.82	($11.51)	$14.48	$10.15	$12.33	$13.41	$13.02
Growth	-98.4%	-176.6%	-179.5%	42.7%	-17.7%	-8.1%	3.0%	166.3%
Diluted EPS [+]	$0.14	$8.81	($11.51)	$14.47	$10.13	$12.31	$13.39	$12.99
Growth	-98.4%	-176.6%	-179.6%	42.8%	-17.7%	-8.1%	3.1%	166.5%

Dividends per share [+]			$0.70	$2.80	$2.80	$2.80	$2.40	$2.75
Growth		-100.0%	-75.0%	0.0%	0.0%	16.7%	-12.7%	10.0%

Shares outstanding (basic) [+]	18.0	17.2	16.0	16.0	15.9	16.1	16.5	16.9
Growth	4.3%	7.6%	-0.2%	0.5%	-0.8%	-2.4%	-2.7%	-4.5%
Shares outstanding (diluted) [+]	18.0	17.2	16.0	16.0	16.0	16.1	16.5	17.0
Growth	4.7%	7.7%	-0.3%	0.5%	-0.8%	-2.4%	-2.8%	-4.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.