Summary - Funding Rounds

Founding Date

2004
Virgin America is a subsidiary of Alaska Air Group

Virgin America Income Statement

Annual

USDFY, 2015

Revenue

1.5 b

Sales and marketing expense

124.8 m

Operating expense total

124.8 m

EBIT

177.2 m

EBIT margin, %

12%

Interest expense

7.3 m

Pre tax profit

168.2 m

Income tax expense

(172.4 m)

Net Income

340.5 m

Quarterly

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

Revenue

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

Sales and marketing expense

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

Operating expense total

311 m333.2 m337 m332.1 m356.6 m354.5 m

EBIT

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

EBIT margin, %

17%18%9%16%20%

Interest expense

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

Pre tax profit

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

Income tax expense

324 k364 k392 k10.7 m25.9 m32.9 m

Net Income

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

Virgin America Balance Sheet

Annual

USDFY, 2015

Cash

496.3 m

Current Assets

526.6 m

Total Assets

1.6 b

Accounts Payable

76.6 m

Current Liabilities

417.4 m

Long-term debt

216.5 m

Additional Paid-in Capital

1.3 b

Retained Earnings

(412.5 m)

Total Equity

808.1 m

Financial Leverage

1.9 x

Quarterly

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

Cash

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

Current Assets

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

PP&E

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

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Long-term debt

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

Total Debt

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

Total Liabilities

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

Common Stock

432 k434 k439 k443 k444 k444 k

Additional Paid-in Capital

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

Retained Earnings

(740.2 m)(675.2 m)(603.4 m)(395 m)(356.9 m)(305.1 m)

Total Equity

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

Financial Leverage

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

Virgin America Cash Flow

Annual

USDFY, 2015

Net Income

340.5 m

Depreciation and Amortization

18.6 m

Accounts Payable

12 m

Cash From Operating Activities

101.7 m

Cash From Investing Activities

(254.6 m)

Cash From Financing Activities

158.8 m

Interest Paid

5.3 m

Quarterly

USDQ1, 2015

Net Income

12.8 m

Depreciation and Amortization

4.1 m
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