Frontier Airlines 2006 Annual Report Download - page 49

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,
2006 2005 2004 2003 2002
(in thousands, except share, per share and airline operating data)
Statement of Operations Data:
Operating revenues:
Passenger $ 1,118,226 $ 883,906 $ 637,389 $ 480,025 S353,208
Charter and ground handling 8,932 11,611 8,682 5,899 2,451
Other 15,920 9,504 253 6,356 538
Total operating revenues 1,143,078 905,021 646,324 492,280 356,197
Operating expenses:
Wages and benefits 175,483 143,826 112,305 86,949 63,572
Aircraft fuel(11) 325,500 278,923 174,208 106,840 64,869
Passenger fees and commissions — — 2,939 6,254 7,925
Landing fees 41,993 30,376 24,201 19,098 13,053
Aircraft and engine rent 94,773 77,725 74,514 67,350 64,991
Maintenance and repair 105,198 76,481 70,290 53,475 43,441
Insurance and taxes 17,652 16,117 13,186 12,859 17,103
Depreciation and amortization 92,228 64,877 34,412 23,873 12,032
Impairment loss and accrued aircraft return costs
(credits)(1) (2,050) (4,218) 1,441 2,756 7,196
Other 79,708 62,195 47,483 30,115 32,444
Total operating expenses 930,485 746,302 554,979 409,569 326,626
Operating income 212,593 158,719 91,345 82,711 29,571
Other income (expense):
Interest expense (91,128) (63,546) (28,464) (22,789) (12,868)
Interest and other income 9,944 5,002 518 195 526
Total other income (expense) (81,184) (58,544) (27,946) (22,594) (12,342)
Income before income taxes 131,409 100,175 63,399 60,117 17,229
Income tax expense 51,899 39,521 24,547 23,979 9,540
Net income 79,510 60,654 38,852 36,138 7,689
Preferred stock dividends(2) — — — (170) (413)
Net income available for common stockholders $ 79,510 $ 60,654 $ 38,852 $ 35,968 $ 7,276
Net income available for common stockholders
per share:
Basic $ 1.89 $ 1.69 $ 1.66 $ 1.80 $ 0.36
Diluted $ 1.82 $ 1.66 $ 1.62 $ 1.73 $ 0.35
Weighted average common shares outstanding(3):
Basic 42,149,668 35,854,249 23,349,613 20,000,000 20,000,000
Diluted 43,615,946 36,548,340 23,906,762 20,841,415 20,832,750
Other Financial Data:
Net cash from:
Operating activities $ 229,147 $ 170,879 $ 116,827 $ 91,627 $ 42,710
Investing activities $ (114,510) $ (175,152) $ (102,424) $ (30,683)$ (34,552)
Financing activities $ (81,114) $ 120,058 $ 9,282 $ (45,093)$ (4,747)
Airline Operating Data:
Passengers carried 12,666,130 9,137,132 6,842,407 5,120,987 3,758,748
Revenue passenger miles(4) 6,650,398,521 4,516,518,136 3,062,940,174 2,319,261,441 1,523,201,642
Available seat miles(5) 9,154,719,233 6,559,966,278 4,618,042,586 3,665,876,102 2,535,087,476
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠