Summary - Funding Rounds

Founding Date

2004
Virgin America is a subsidiary of Alaska Air Group

Virgin America Income Statement

Annual

USDFY, 2015

Revenue

1.5b

Sales and marketing expense

124.8m

Operating expense total

124.8m

EBIT

177.2m

EBIT margin, %

12%

Interest expense

7.3m

Pre tax profit

168.2m

Income tax expense

(172.4m)

Net Income

340.5m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

326.4m400.9m410.9m364.0m425.7m445.2m

Sales and marketing expense

26.4m30.7m32.6m32.4m35.4m35.8m

Operating expense total

311.0m333.2m337.0m332.1m356.6m354.5m

EBIT

67.7m73.9m31.9m69.2m90.7m

EBIT margin, %

17%18%9%16%20%

Interest expense

1.2m1.6m1.7m3.5m4.3m5.0m

Pre tax profit

13.1m65.4m72.2m28.1m64.1m84.7m

Income tax expense

324.0k364.0k392.0k10.7m25.9m32.9m

Net Income

12.8m65.0m71.9m17.5m38.1m51.8m

Virgin America Balance Sheet

Annual

USDFY, 2015

Cash

496.3m

Current Assets

526.6m

Total Assets

1.6b

Accounts Payable

76.6m

Current Liabilities

417.4m

Long-term debt

216.5m

Additional Paid-in Capital

1.3b

Retained Earnings

(412.5m)

Total Equity

808.1m

Financial Leverage

1.9 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

418.3m500.5m511.7m562.8m601.1m614.3m

Current Assets

516.6m566.1m590.2m607.0m656.1m669.4m

PP&E

75.8m81.0m470.2m617.8m626.2m

Total Assets

1.1b1.2b1.3b1.7b1.9b1.9b

Accounts Payable

51.7m52.7m68.2m67.5m64.0m52.8m

Current Liabilities

417.1m437.1m435.7m473.0m489.3m431.9m

Long-term debt

50.5m40.0m112.3m292.7m396.4m395.9m

Total Debt

50.5m40.0m112.3m292.7m396.4m395.9m

Total Liabilities

613.4m620.3m692.5m892.6m1.0b955.1m

Common Stock

432.0k434.0k439.0k443.0k444.0k444.0k

Additional Paid-in Capital

1.2b1.2b1.2b1.3b1.3b1.3b

Retained Earnings

(740.2m)(675.2m)(603.4m)(395.0m)(356.9m)(305.1m)

Total Equity

563.5m627.9m836.6m885.2m939.2m

Financial Leverage

2.1 x2.1 x2.1 x2.1 x2 x

Virgin America Cash Flow

Annual

USDFY, 2015

Net Income

340.5m

Depreciation and Amortization

18.6m

Accounts Payable

12.0m

Cash From Operating Activities

101.7m

Cash From Investing Activities

(254.6m)

Cash From Financing Activities

158.8m

Interest Paid

5.3m

Quarterly

USDQ1, 2015

Net Income

12.8m

Depreciation and Amortization

4.1m
Report incorrect company information