Spirit Airlines 2012 Annual Report Download - page 61

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Spirit Airlines, Inc.
Statements of Operations
(In thousands, except per share data)
See accompanying Notes to Financial Statements.
60
Year Ended December 31,
2012
2011
2010
Operating revenues:
Passenger
$
782,792
$
689,650
$
537,969
Non-ticket
535,596
381,536
243,296
Total operating revenue
1,318,388
1,071,186
781,265
Operating expenses:
Aircraft fuel
471,763
388,046
248,206
Salaries, wages and benefits
218,919
181,742
156,443
Aircraft rent
143,572
116,485
101,345
Landing fees and other rents
68,368
52,794
48,118
Distribution
56,668
51,349
41,179
Maintenance, materials and repairs
49,460
34,017
27,035
Depreciation and amortization
15,256
7,760
5,620
Other operating
127,886
91,172
83,748
Loss on disposal of assets
956
255
77
Special charges (credits)
(8,450
)
3,184
621
Total operating expenses
1,144,398
926,804
712,392
Operating income
173,990
144,382
68,873
Other (income) expense:
Interest expense
1,350
24,781
50,313
Capitalized interest
(1,350
)
(2,890
)
(1,491
)
Interest income
(925
)
(575
)
(328
)
Other expense
331
235
194
Total other (income) expense
(594
)
21,551
48,688
Income before income taxes
174,584
122,831
20,185
Provision for income taxes
66,124
46,383
(52,296
)
Net income
$
108,460
$
76,448
$
72,481
Net income per share, basic
$
1.50
$
1.44
$
2.77
Net income per share, diluted
$
1.49
$
1.43
$
2.72