Spirit Airlines 2015 Annual Report Download - page 63

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63
Spirit Airlines, Inc.
Statements of Operations
(In thousands, except per share data)
Year Ended December 31,
2015 2014 2013
Operating revenues:
Passenger $1,169,338 $1,144,972 $ 986,018
Non-ticket 972,125 786,608 668,367
Total operating revenues 2,141,463 1,931,580 1,654,385
Operating expenses:
Aircraft fuel 461,447 612,909 551,746
Salaries, wages and benefits 378,210 313,988 262,150
Aircraft rent 211,531 195,827 169,737
Landing fees and other rents 131,077 105,115 83,604
Distribution 86,576 74,823 67,481
Maintenance, materials and repairs 80,448 73,956 60,143
Depreciation and amortization 73,908 46,971 31,947
Other operating 206,867 149,675 144,586
Loss on disposal of assets 1,604 3,008 525
Special charges 673 45 174
Total operating expenses 1,632,341 1,576,317 1,372,093
Operating income 509,122 355,263 282,292
Other (income) expense:
Interest expense 20,382 2,747 214
Capitalized interest (11,553)(2,747)(214)
Interest income (2,125)(336)(401)
Other expense 15 2,605 283
Total other (income) expense 6,719 2,269 (118)
Income before income taxes 502,403 352,994 282,410
Provision for income taxes 185,183 127,530 105,492
Net income $ 317,220 $ 225,464 $ 176,918
Basic earnings per share $ 4.39 $ 3.10 $ 2.44
Diluted earnings per share $ 4.38 $ 3.08 $ 2.42
See accompanying Notes to Financial Statements.