Spirit Airlines 2014 Annual Report Download - page 60

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60
Spirit Airlines, Inc.
Statements of Operations
(In thousands, except per share data)
Year Ended December 31,
2014 2013 2012
Operating revenues:
Passenger $1,144,972 $ 986,018 $ 782,792
Non-ticket 786,608 668,367 535,596
Total operating revenues 1,931,580 1,654,385 1,318,388
Operating expenses:
Aircraft fuel 612,909 551,746 471,763
Salaries, wages and benefits 313,988 262,150 218,919
Aircraft rent 195,827 169,737 143,572
Landing fees and other rents 105,115 83,604 68,368
Distribution 74,823 67,481 56,668
Maintenance, materials and repairs 73,956 60,143 49,460
Depreciation and amortization 46,971 31,947 15,256
Other operating 149,675 144,586 127,886
Loss on disposal of assets 3,008 525 956
Special charges (credits) 45 174 (8,450)
Total operating expenses 1,576,317 1,372,093 1,144,398
Operating income 355,263 282,292 173,990
Other (income) expense:
Interest expense 2,747 214 1,350
Capitalized interest (2,747)(214)(1,350)
Interest income (336)(401)(925)
Other expense 2,605 283 331
Total other (income) expense 2,269 (118)(594)
Income before income taxes 352,994 282,410 174,584
Provision for income taxes 127,530 105,492 66,124
Net income $ 225,464 $ 176,918 $ 108,460
Basic earnings per share $ 3.10 $ 2.44 $ 1.50
Diluted earnings per share $ 3.08 $ 2.42 $ 1.49
See accompanying Notes to Financial Statements.