Allegiant Q3 2018 Earnings
Page 1

Exhibit 99.1
 algtheaderq417a03.jpg
  
ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2018
FINANCIAL RESULTS
Third quarter 2018 Fully Diluted Earnings per Share of $0.94

LAS VEGAS. October 24, 2018 —Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2018, as well as comparisons to the prior year:

 
Three Months Ended 
 September 30,
 
 
Nine Months Ended 
 September 30,
 
Unaudited
2018
2017
Change
 
2018
2017
Change
Total operating revenue (millions)
$
393.1

$
350.2

12.3
 %
 
$
1,255.3

$
1,132.0

10.9
 %
Operating income (millions)
26.2

44.3

(41.0
)
 
180.4

203.9

(11.5
)
Net income (millions)
15.1

23.4

(35.2
)
 
120.4

114.8

4.9

Diluted earnings per share
$
0.94

$
1.45

(35.2
)
 
$
7.45

$
6.99

6.6


"We are proud to announce our 63rd consecutive profitable quarter," stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. "Our transition to an all-Airbus fleet is nearly complete. Our decision to move the transition up by a year from 2019 to 2018 has proven to be an excellent one given the higher fuel cost environment. Compared to our all-MD-80 fleet from 2010, we expect our ASMs per gallon to increase by almost 40 percent in 2019, from 59 ASMs per gallon to the low 80s.

"This has been a busy couple of years across the Company as we transitioned our fleet. Since the end of 2016:
1.
We will have purchased and inducted 43 Airbus aircraft, while retiring 47 MDs. We will have trained more than 350 Airbus pilots and 300 maintenance technicians as well as our flight attendants, ground staff and other operations personnel by the time we fly the final MD-80 flight at the end of November.
2.
We have grown the Company 20 percent in capacity (ASMs), adding 51 routes and carrying 13.6 million passengers during the last twelve months, an increase of 1.64 million passengers over 2016.
3.
We have dramatically improved our operations. Since last October, we have led the industry in monthly completion factor six times and have been among the top three except for a few months. Our on-time performance is improving nicely as well; this September we were up ten percentage points in A14, from 72 percent to 82 percent.

"I couldn’t be more excited about where we are at this point in our history. As we outlined in our Sunseeker Resort investor day, we are ready for Allegiant 2.0. Stay tuned!




Allegiant Q3 2018 Earnings
Page 2

"Needless to say, we couldn’t have accomplished this difficult transition without our great group of team members. They have done an amazing job this quarter - as well as over this entire past year - with the highly complex effort to transition our fleet and improve our operations. Hats off to the entire team for their tireless professionalism in any environment."

Shareholder returns

2018 shareholder returns - over $33 million in the first three quarters of the year through dividends
Will pay dividends of $0.70 per share on December 5, 2018 to shareholders of record as of November 23, 2018

2018 outlook

Fourth quarter scheduled and system ASMs are expected to grow between four and six percent vs last year
The remaining MD-80s will be retired immediately after the Thanksgiving travel period
2018 full year ASM growth is expected to be between 9.5 and 10.5 percent
2018 full year tax rate is expected to be between 18 and 19 percent
2018 full year average fuel cost is expected to be $2.38 per gallon using the forward curve as of October 23, 2018
Due to several one-time maintenance events, 2018 maintenance per aircraft per month is expected to be between $90 and $95 thousand
2018 EPS is expected to be between $9 and $10 per share even with the higher than expected fuel cost

Guidance, subject to revision
 
 
 
 
 
Full year 2018 guidance
 
Previous*
Current
Fuel cost per gallon
 
$2.35
$2.38
Available seat miles (ASMs) / gallon
 
77.5 to 78.5
77.5 to 78.5
 
 
 
 
Interest expense (millions)
 
$50 to $60
$50 to $60
Tax rate
 
21 to 22%
18 to 19%
Share count (millions)
 
15.9
15.9
Earnings per share
 
$9 to $10
$9 to $10
 
 
 
 
System ASMs - year over year change
 
9 to 11%
9.5 to 10.5%
Scheduled service ASMs - year over year change
 
9 to 11%
9.5 to 10.5%
 
 
 
 
Depreciation expense / aircraft / month (thousands)
 
$115 to $120
$115 to $120
Maintenance expense / aircraft / month (thousands)
 
$80 to $85
$90 to $95
 
 
 
 
Full year 2018 CAPEX guidance
 
 
 
Capital expenditures (millions) **
 
$300
$300
Capitalized Airbus deferred heavy maintenance (millions) ***
 
$45
$45
 
 
 
 
Sunseeker CAPEX
 
 
 
2018 year to date (millions)
 
 
$15
Project since inception (millions)
 
 
$46

* - Previous guidance as of July 25, 2018
** - Excludes Sunseeker Resorts
*** - Not included in capital expenditure total



Allegiant Q3 2018 Earnings
Page 3

Aircraft fleet plan by end of period
 
 
 
 
 
 
 
 
 
 
 
Aircraft - (seats per AC)
 
1Q18

2Q18

3Q18

YE18

MD-80 (166 seats)
 
32

27

19


A319 (156 seats)
 
26

31

31

32

A320 (177/186 seats)
 
30

35

43

44

Total
 
88

93

93

76


Aircraft listed in table above include only in-service aircraft, planned retirements and future aircraft under contract (subject to change)

Non-airline business

For greater transparency around the non-airline portion of the business, we are providing what we believe is a better measure of controllable airline costs that excludes costs driven by non-airline entities as well as their revenue contribution.

Adjusted CASM ex fuel
Three Months Ended September 30,
 
 
 
2018
 
2017
 
Change
CASM (cents)
10.07

 
9.50

 
6.0
 %
Adjusted for:
 
 
 
 


   Aircraft fuel
3.12

 
2.50

 
24.8

   Non-airline
0.16

 
0.08

 
100.0

Adjusted CASM ex
6.79

 
6.92

 
(1.9
)
 
 
 
 
 
 
Non-airline revenue (millions)
$
2.7

 
$
1.7

 
58.8


Adjusted CASM ex fuel
Nine Months Ended September 30,
 
 
 
2018
 
2017
 
Change
CASM (cents)
9.52

 
9.12

 
4.4
 %
Adjusted for:
 
 
 
 


   Aircraft fuel
3.03

 
2.46

 
23.2

   Non-airline
0.11

 
0.07

 
57.1

Adjusted CASM ex
6.38

 
6.59

 
(3.2
)
 
 
 
 
 
 
Non-airline revenue (millions)
$
6.0

 
$
3.4

 
76.5


Allegiant Travel Company will host a conference call with analysts at 4:30 p.m. ET Wednesday, October 24, 2018 to discuss its third quarter 2018 financial results. A live broadcast of the conference call will be available via the Company’s Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived in the “Events & Presentations” section of the website.


Allegiant Q3 2018 Earnings
Page 4

Allegiant.®
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small and mid-sized cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms and rental cars. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to more than 80 aircraft and approximately 400 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF

Media Inquiries: mediarelations@allegiantair.com

Investor Inquiries: ir@allegiantair.com

 
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future expenses, ASM growth, expected capital expenditures, number of contracted aircraft to be placed in service in the future, timing of aircraft retirements, as well as other information concerning future results of operations, business strategies, financing plans, industry environment and potential growth opportunities. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," “guidance,” "anticipate," "intend," "plan," "estimate", “project”, “hope” or similar expressions.
 
Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports filed with the Securities and Exchange Commission at www.sec.gov . These risk factors include, without limitation, an accident involving, or problems with, our aircraft, public perception of our safety, our reliance on our automated systems, limitation on growth as we transition to a single fleet type, our reliance on third parties to deliver aircraft under contract to us on a timely basis, risk of breach of security of personal data, volatility of fuel costs, labor issues and costs, the ability to obtain regulatory approvals as needed , the effect of economic conditions on leisure travel, debt covenants and balances, the ability to finance aircraft under contract, terrorist attacks, risks inherent to airlines, our competitive environment, our reliance on third parties who provide facilities or services to us, the possible loss of key personnel, economic and other conditions in markets in which we operate, the ability to successfully develop a resort in Southwest Florida, governmental regulation, increases in maintenance costs and cyclical and seasonal fluctuations in our operating results.
 
Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
 
Detailed financial information follows:




Allegiant Travel Company
Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
 
 
Three Months Ended September 30,
 
Percent
 
2018
 
2017
 
change
OPERATING REVENUE:
 
 
 
 
 
Passenger revenue (1)
$
355,100

 
$
315,308

 
12.6

Third party products
15,921

 
12,348

 
28.9

Fixed fee contract revenue
14,791

 
11,831

 
25.0

Other revenue
7,297

 
10,708

 
(31.9
)
Total operating revenue
393,109

 
350,195

 
12.3

OPERATING EXPENSES:
 
 
 
 
 
Aircraft fuel
113,525

 
80,421

 
41.2

Salary and benefits
97,706

 
88,788

 
10.0

Station operations
43,128

 
37,148

 
16.1

Maintenance and repairs
31,983

 
28,870

 
10.8

Depreciation and amortization
34,658

 
31,894

 
8.7

Sales and marketing
16,798

 
13,884

 
21.0

Aircraft lease rentals
671

 
533

 
25.9

Other
28,459

 
24,315

 
17.0

Total operating expense
366,928

 
305,853

 
20.0

OPERATING INCOME
26,181

 
44,342

 
(41.0
)
OTHER (INCOME) EXPENSE:
 
 
 
 
 
Interest expense
14,309

 
10,041

 
42.5

Interest income
(2,425
)
 
(1,454
)
 
66.8

Other, net
(118
)
 
(400
)
 
(70.5
)
Total other expense
11,766

 
8,187

 
43.7

INCOME BEFORE INCOME TAXES
14,415

 
36,155

 
(60.1
)
PROVISION FOR INCOME TAXES
(732
)
 
12,771

 
NM

NET INCOME
$
15,147

 
$
23,384

 
(35.2
)
Earnings per share to common shareholders (2):
 
 
 

 
 
Basic

$0.94

 

$1.45

 
(35.2
)
Diluted

$0.94

 

$1.45

 
(35.2
)
Weighted average shares outstanding used in computing earnings per share to common shareholders (2):
 

 
 

 
 
Basic
15,957

 
15,852

 
0.7

Diluted
15,962

 
15,862

 
0.6


NM - Not meaningful
(1) Passenger revenue previously reported as Scheduled service revenue and Ancillary air-related revenue.
(2) The Company's unvested restricted stock awards are considered participating securities as they receive non-forfeitable rights to cash dividends at the same rate as common stock. The Basic and Diluted earnings per share calculations for the periods presented reflect the two-class method mandated by ASC Topic 260, "Earnings Per Share." The two-class method adjusts both the net income and the shares used in the calculation. Application of the two-class method did not have a significant impact on the Basic and Diluted earnings per share for the periods presented.













Allegiant Travel Company
Operating Statistics
(Unaudited) 

 
Three Months Ended September 30,
 
Percent
 
2018
 
2017
 
change (1)
OPERATING STATISTICS
 
 
 
 
 
Total system statistics:
 
 
 
 
 
Passengers
3,503,849

 
3,045,642

 
15.0

Revenue passenger miles (RPMs) (thousands)
3,037,540

 
2,672,963

 
13.6

Available seat miles (ASMs) (thousands)
3,643,948

 
3,220,246

 
13.2

Load factor
83.4
%
 
83.0
%
 
0.4

Operating expense per ASM (CASM) (cents)
10.07

 
9.50

 
6.0

Fuel expense per ASM (cents)
3.12

 
2.50

 
24.8

Operating CASM, excluding fuel (cents)
6.95

 
7.00

 
(0.7
)
ASMs per gallon of fuel
77.5

 
72.6

 
6.7

Departures
25,601

 
22,723

 
12.7

Block hours
56,329

 
49,932

 
12.8

Average stage length (miles)
838

 
842

 
(0.5
)
Average number of operating aircraft during period
95.6

 
89.7

 
6.6

Average block hours per aircraft per day
6.4

 
6.1

 
4.9

Full-time equivalent employees at end of period
3,835

 
3,704

 
3.5

Fuel gallons consumed (thousands)
47,016

 
44,346

 
6.0

Average fuel cost per gallon
$
2.41

 
$
1.81

 
33.1

Scheduled service statistics:
 
 
 
 
 
Passengers
3,461,267

 
2,998,476

 
15.4

Revenue passenger miles (RPMs) (thousands)
2,988,962

 
2,618,446

 
14.2

Available seat miles (ASMs) (thousands)
3,485,800

 
3,073,360

 
13.4

Load factor
85.7
%
 
85.2
%
 
0.5

Departures
24,281

 
21,498

 
12.9

Block hours
53,723

 
47,481

 
13.1

Total passenger revenue per ASM (TRASM) (cents) (2)
10.64

 
10.66

 
(0.2
)
Average fare - scheduled service (3)
$
59.23

 
$
61.34

 
(3.4
)
Average fare - air-related charges (3)
$
43.36

 
$
43.81

 
(1.0
)
Average fare - third party products
$
4.60

 
$
4.12

 
11.7

Average fare - total
$
107.19

 
$
109.27

 
(1.9
)
Average stage length (miles)
845

 
849

 
(0.5
)
Fuel gallons consumed (thousands)
44,910

 
42,193

 
6.4

Average fuel cost per gallon
$
2.41

 
$
1.80

 
33.9

Percent of sales through website during period
93.7
%
 
93.3
%
 
0.4


(1) Except load factor and percent of sales through website, which is percentage point change.
(2) Various components of this measurement do not have a direct correlation to ASMs. These figures are provided on a per ASM basis to facilitate comparison with airlines reporting revenues on a per ASM basis. The 2017 figure reflected has been adjusted from previously reported as a result of recast of revenue in accordance with revenue recognition accounting rules adopted by us as of January 1, 2018.
(3) Reflects division of passenger revenue between scheduled service and air-related charges in Company's booking path.






Allegiant Travel Company
Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
 
 
Nine Months Ended September 30,
 
Percent
 
2018
 
2017
 
change
OPERATING REVENUE:
 
 
 
 
 
Passenger Revenue (1)
$
1,157,443

 
$
1,030,395

 
12.3

Third party products
44,045

 
39,394

 
11.8

Fixed fee contract revenue
33,000

 
34,120

 
(3.3
)
Other revenue
20,845

 
28,140

 
(25.9
)
Total operating revenue
1,255,333

 
1,132,049

 
10.9

OPERATING EXPENSES:
 
 
 
 
 
Aircraft fuel
342,006

 
250,470

 
36.5

Salary and benefits
312,314

 
277,307

 
12.6

Station operations
122,265

 
107,979

 
13.2

Maintenance and repairs
75,864

 
87,611

 
(13.4
)
Depreciation and amortization
92,641

 
92,571

 
0.1

Sales and marketing
54,224

 
40,707

 
33.2

Aircraft lease rentals
767

 
3,098

 
(75.2
)
Other
74,881

 
68,440

 
9.4

Total operating expense
1,074,962

 
928,183

 
15.8

OPERATING INCOME
180,371

 
203,866

 
(11.5
)
OTHER (INCOME) EXPENSE:
 
 
 
 
 
Interest expense
40,188

 
27,332

 
47.0

Interest income
(6,259
)
 
(4,193
)
 
49.3

Other, net
(408
)
 
(1,254
)
 
(67.5
)
Total other expense
33,521

 
21,885

 
53.2

INCOME BEFORE INCOME TAXES
146,850

 
181,981

 
(19.3
)
PROVISION FOR INCOME TAXES
26,494

 
67,208

 
(60.6
)
NET INCOME
120,356

 
114,773

 
4.9

Earnings per share to common shareholders (2):
 
 
 
 
 
Basic

$7.46

 

$7.00

 
6.6

Diluted

$7.45

 

$6.99

 
6.6

Weighted average shares outstanding used in computing earnings per share to common shareholders (2):
 
 
 
 
 
Basic
15,929

 
16,142

 
(1.3
)
Diluted
15,938

 
16,160

 
(1.4
)

(1) Passenger revenue previously reported as Scheduled service revenue and Ancillary air-related revenue.
(2) The Company's unvested restricted stock awards are considered participating securities as they receive non-forfeitable rights to cash dividends at the same rate as common stock. The Basic and Diluted earnings per share calculations for the periods presented reflect the two-class method mandated by ASC Topic 260, "Earnings Per Share." The two-class method adjusts both the net income and the shares used in the calculation. Application of the two-class method did not have a significant impact on the Basic and Diluted earnings per share for the periods presented.









Allegiant Travel Company
Operating Statistics
(Unaudited) 
 
Nine Months Ended September 30,
 
Percent
 
2018
 
2017
 
change (1)
OPERATING STATISTICS
 
 
 
 
 
Total system statistics:
 
 
 
 
 
Passengers
10,510,913

 
9,233,083

 
13.8

Revenue passenger miles (RPMs) (thousands)
9,408,944

 
8,340,269

 
12.8

Available seat miles (ASMs) (thousands)
11,294,805

 
10,181,292

 
10.9

Load factor
83.3
%
 
81.9
%
 
1.4

Operating expense per ASM (CASM) (cents)
9.52

 
9.12

 
4.4

Fuel expense per ASM (cents)
3.03

 
2.46

 
23.2

Operating CASM, excluding fuel (cents)
6.49

 
6.66

 
(2.6
)
ASMs per gallon of fuel
76.8

 
72.2

 
6.3

Departures
76,912

 
69,739

 
10.3

Block hours
174,838

 
159,181

 
9.8

Average stage length (miles)
868

 
870

 
(0.2
)
Average number of operating aircraft during period
92.4

 
86.6

 
6.7

Average block hours per aircraft per day
6.9

 
6.7

 
3.0

Full-time equivalent employees at end of period
3,835

 
3,704

 
3.5

Fuel gallons consumed (thousands)
147,172

 
141,054

 
4.3

Average fuel cost per gallon
$
2.32

 
$
1.78

 
30.3

Scheduled service statistics:
 

 
 

 
 
Passengers
10,422,579

 
9,110,745

 
14.4

Revenue passenger miles (RPMs) (thousands)
9,299,355

 
8,183,636

 
13.6

Available seat miles (ASMs) (thousands)
10,883,630

 
9,747,395

 
11.7

Load factor
85.4
%
 
84.0
%
 
1.4

Departures
73,537

 
66,355

 
10.8

Block hours
167,947

 
151,988

 
10.5

Total passenger revenue per ASM (TRASM) (cents) (2)
11.04

 
10.98

 
0.5

Average fare - scheduled service (3)
$
65.72

 
$
68.04

 
(3.4
)
Average fare - air-related charges (3)
$
45.33

 
$
45.06

 
0.6

Average fare - third party products
$
4.23

 
$
4.32

 
(2.1
)
Average fare - total
$
115.28

 
$
117.42

 
(1.8
)
Average stage length (miles)
874

 
875

 
(0.1
)
Fuel gallons consumed (thousands)
141,452

 
134,906

 
4.9

Average fuel cost per gallon
$
2.31

 
$
1.76

 
31.3

Percent of sales through website during period
93.8
%
 
94.1
%
 
(0.3
)

(1) Except load factor and percent of sales through website, which is percentage point change.
(2) Various components of this measurement do not have a direct correlation to ASMs. These figures are provided on a per ASM basis to facilitate comparison with airlines reporting revenues on a per ASM basis. The 2017 figure reflected has been adjusted from previously reported as a result of recast of revenue in accordance with revenue recognition accounting rules adopted by us as of January 1, 2018.
(3) Reflects division of passenger revenue between scheduled service and air-related charges in Company's booking path.



Summary Balance Sheet

(millions)
9/30/2018
 
12/31/2017
 
Change
 
(unaudited)
 
 
 
 
Unrestricted cash
 
 
 
 
 
Cash and cash equivalents
$
140.8

 
$
59.4

 
137.0
 %
Short-term investments
284.6

 
352.7

 
(19.3
)
Long-term investments
53.4

 
78.6

 
(32.1
)
Total unrestricted cash and investments
478.8

 
490.7

 
(2.4
)
Debt
 
 
 
 
 
Current maturities of long-term debt and capital lease obligations, net of related costs
654.7

 
214.8

 
204.8

Long-term debt and capital lease obligations, net of current maturities and related costs
658.4

 
950.1

 
(30.7
)
Total debt
1,313.1

 
1,164.9

 
12.7

Total Allegiant Travel Company shareholders’ equity
$
653.0

 
$
553.3

 
18.0
 %

Summary Cash Flow

 
Nine Months Ended September 30,
 
 
Unaudited (millions)
2018
 
2017
 
Change
Cash provided by operating activities
$
290.1

 
$
302.1

 
(4.0
)%
Purchase of property and equipment, including capitalized interest
274.0

 
333.7

 
(17.9
)
Repurchase of common stock
3.6

 
90.4

 
(96.0
)
Cash dividends paid to shareholders
33.9

 
34.5

 
(1.7
)
Proceeds from the issuance of long-term debt
191.7

 
292.5

 
(34.5
)
Principal payments on long-term debt & capital lease obligations
$
171.4

 
$
88.0

 
94.8
 %




EPS Calculation

The following table sets forth the computation of net income per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in table are in thousands):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Basic:
 
 
 
 
 
 
 
Net income
$
15,147

 
$
23,384

 
$
120,356

 
$
114,773

Less net income allocated to participating securities
(194
)
 
(331
)
 
(1,602
)
 
(1,784
)
Net income attributable to common stock
$
14,953

 
$
23,053

 
$
118,754

 
$
112,989

Earnings per share, basic
$
0.94

 
$
1.45

 
$
7.46

 
$
7.00

Weighted-average shares outstanding
15,957

 
15,852

 
15,929

 
16,142

Diluted:
 

 
 

 
 

 
 

Net income
$
15,147

 
$
23,384

 
$
120,356

 
$
114,773

Less net income allocated to participating securities
(194
)
 
(330
)
 
(1,601
)
 
(1,782
)
Net income attributable to common stock
$
14,953

 
$
23,054

 
$
118,755

 
$
112,991

Earnings per share, diluted
$
0.94

 
$
1.45

 
$
7.45

 
$
6.99

Weighted-average shares outstanding
15,957

 
15,852

 
15,929

 
16,142

Dilutive effect of stock options and restricted stock
35

 
18

 
42

 
60

Adjusted weighted-average shares outstanding under treasury stock method
15,992

 
15,870

 
15,971

 
16,202

Participating securities excluded under two-class method
(30
)
 
(8
)
 
(33
)
 
(42
)
Adjusted weighted-average shares outstanding under two-class method
15,962

 
15,862

 
15,938

 
16,160


View differences made from one to another to evaluate Allegiant Travel Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Allegiant Travel Co.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account