Spirit Airlines, Inc. (SAVE) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Revenues:
DOT—domestic	2,824.8	1,660.7	3,462.8	2,990.7	2,432.1		1,940.2	1,728.8
DOT—Latin America and Caribbean	406.0	149.3	367.7	332.3	211.5
DOT—Latin America							201.3	202.8
Total revenues [+]	3,230.8	1,810.0	3,830.5	3,323.0	2,643.6	2,320.0	2,141.5	1,931.6
Passenger							1,169.3	1,145.0
Other							972.1	786.6
Revenue growth [+]	78.5%	-52.7%	15.3%	25.7%	13.9%	8.3%	10.9%	16.8%
DOT—domestic	70.1%	-52.0%	15.8%	23.0%			12.2%	17.8%
DOT—Latin America and Caribbean	171.9%	-59.4%	10.7%	57.1%
DOT—Latin America							-0.7%	8.5%
Cost of goods sold [+]	2,701.5	1,899.4	2,441.0	2,180.4	1,640.5	1,372.0	1,262.0	1,301.2
Labor costs	1,065.5	909.8	865.0	719.6	528.0	472.5	377.5	313.4
Fuel costs	913.9	431.0	993.5	939.3	615.6	447.6	461.4	612.9
Lease costs	562.6	447.4	438.9	392.3	386.5	353.4	342.6	300.9
Aircraft maintenance, materials and repairs	159.5	111.2	143.6	129.1	110.4	98.6	80.4	74.0
Aircraft rental	246.6	196.4	182.6	177.6	205.9	201.7	211.5	195.8
Landing fees and other rentals	316.0	251.0	256.3	214.7	180.7	151.7	131.1	105.1
Gross profit	529.3	-89.4	1,389.6	1,142.7	1,003.1	948.1	879.5	630.4
Gross margin	16.4%	-4.9%	36.3%	34.4%	37.9%	40.9%	41.1%	32.6%
Selling, general and administrative [+]	132.5	85.1	153.8	137.0	113.5	96.9	86.6	74.8
Sales and marketing	132.5	85.1	153.8	137.0	113.5	96.9	86.6	74.8
Other operating expenses	527.5	352.9	474.1	370.0	343.7	263.0	206.0	150.3
EBITDA [+]	-130.7	-527.4	761.7	635.7	545.9	588.2	586.9	405.3
EBITDA growth	-75.2%	-169.2%	19.8%	16.4%	-7.2%	0.2%	44.8%	28.9%
EBITDA margin	-4.0%	-29.1%	19.9%	19.1%	20.7%	25.4%	27.4%	21.0%
Depreciation and amortization	297.2	278.6	225.3	176.7	140.2	101.1	73.9	47.0
EBIT [+]	-427.9	-806.0	536.5	459.0	405.8	487.0	513.0	358.3
EBIT growth	-46.9%	-250.2%	16.9%	13.1%	-16.7%	-5.1%	43.2%	26.9%
EBIT margin	-13.2%	-44.5%	14.0%	13.8%	15.4%	21.0%	24.0%	18.6%
Non-recurring items [+]	-371.1	-298.2	35.4	108.1	21.0	45.6	3.9	3.1
Loss (gain) on sale of assets	3.3	2.3	17.4	9.6	4.2	4.2	1.6	3.0
Loss (gain) on disposal of assets	3.3	2.3	17.4	9.6	4.2	4.2	1.6
Unusual expense	-377.7	-302.8	0.7	88.9	12.6	37.2	0.7	0.0
Interest expense, net [+]	-5.4	-6.3	-25.1	-19.1	-8.7	-5.3	-2.1	-0.3
Interest expense	155.6	134.5
Interest income	5.4	6.3	25.1	19.1	8.7	5.3	2.1	0.3
Other income (expense), net [+]	-313.2	15.8	-89.8	-165.0	-43.9	-29.5	-8.8	-2.6
Gain (loss) on debt retirement	-331.6
Other non-ooperating expenses				0.8	0.4	0.5	0.0	2.6
Other	-0.6	-0.2	-0.9	0.8	0.4		0.0	2.6
Pre-tax income	-520.3	-620.2	436.4	205.0	349.7	417.3	502.4	353.0
Income taxes	-47.8	-191.5	101.2	49.2	-65.8	153.8	185.2	127.5
Tax rate	9.2%	30.9%	23.2%	24.0%		36.9%	36.9%	36.1%
Net income	-472.6	-428.7	335.3	155.7	415.5	263.5	317.2	225.5
Net margin	-14.6%	-23.7%	8.8%	4.7%	15.7%	11.4%	14.8%	11.7%

Basic EPS [+]	($4.50)	($5.06)	$4.90	$2.28	$6.00	$3.75	$4.39	$3.10
Growth	-11.1%	-203.3%	114.7%	-62.0%	60.3%	-14.7%	41.7%	27.2%
Diluted EPS [+]	($4.50)	($5.06)	$4.89	$2.28	$5.99	$3.74	$4.38	$3.08
Growth	-11.1%	-203.5%	114.9%	-62.0%	60.3%	-14.7%	42.4%	26.9%

Shares outstanding (basic) [+]	105.0	84.7	68.4	68.2	69.2	70.3	72.2	72.7
Growth	24.0%	23.8%	0.3%	-1.4%	-1.6%	-2.6%	-0.7%	0.2%
Shares outstanding (diluted) [+]	105.0	84.7	68.6	68.4	69.4	70.5	72.4	73.3
Growth	24.0%	23.5%	0.2%	-1.4%	-1.6%	-2.6%	-1.2%	0.4%

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