Frontier Airlines 2005 Annual Report Download - page 51

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ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data and operating statistics should be read in conjunction with Management's Discussion
and Analysis Of Financial Condition and Results of Operations, and the consolidated financial statements and related notes included
in Item 8 of the Form 10-K.
Years Ended December 31,
2005 2004 2003 2002 2001 (11)
(in thousands, except share, per share and airline operating data)
Statement of Operations Data:
Total operating revenues $ 905,021 $ 646,324 $ 492,280 $ 356,197 $ 241,028
Operating expenses:
Wages and benefits 143,826 112,305 86,949 63,572 45,107
Aircraft fuel(12) 278,923 174,208 106,840 64,869 41,426
Passenger fees and commissions — 2,939 6,254 7,925 11,065
Landing fees 30,376 24,201 19,098 13,053 7,091
Aircraft and engine rent 77,725 74,514 67,350 64,991 46,160
Maintenance and repair 76,481 70,290 53,475 43,441 34,069
Insurance and taxes 16,117 13,186 12,859 17,103 5,710
Depreciation and amortization 64,877 34,412 23,873 12,032 7,783
Impairment loss and accrued aircraft
return costs(1) (4,218) 1,441 2,756 7,196 8,100
Other 62,195 47,483 30,115 32,444 19,070
Total operating expenses 746,302 554,979 409,569 326,626 225,581
Operating income 158,719 91,345 82,711 29,571 15,447
Other income (expense):
Interest expense (63,546) (28,464) (22,789) (12,868) (6,227)
Other income 5,002 518 195 526 1,607
Total other income (expense) (58,544) (27,946) (22,594) (12,342) (4,620)
Income before income taxes 100,175 63,399 60,117 17,229 10,827
Income tax expense 39,521 24,547 23,979 9,540 4,760
Net income 60,654 38,852 36,138 7,689 6,067
Preferred stock dividends(2) — — (170 ) (413 ) (418 )
Net income available for common
stockholders $ 60,654 $ 38,852 $ 35,968 $ 7,276 $ 5,649
Net income available for common
stockholders per share:
Basic $ 1.69 $ 1.66 $ 1.80 $ 0.36 $ 0.28
Diluted $ 1.66 $ 1.62 $ 1.73 $ 0.35 $ 0.27
Weighted average common shares
outstanding(3):
Basic 35,854,249 23,349,613 20,000,000 20,000,000 20,000,000
Diluted 36,548,340 23,906,762 20,841,415 20,832,750 20,689,886
Other Financial Data:
Net cash from:
Operating activities $ 170,879 $ 116,827 $ 91,627 $ 42,710 $ 22,956
Investing activities $ (175,152) $(102,424) $(30,683) $(34,552) $(12,690)
Financing activities $ 120,058 $ 9,282 $ (45,093) $(4,747) $(7,383)
Airline Operating Data:
Passengers carried 9,137,132 6,842,407 5,120,987 3,758,748 2,240,822
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠