XML 1046 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Operating Activities:          
Net income $ 52,457 $ 62,950 $ 72,481 $ 83,693 $ 33,259
Adjustments to reconcile net income to net cash provided by operations:          
Changes in fair value of open fuel hedge contracts 4,406 (927) (2,064) (1,449) 9,875
Gain on debt extinguishment       (19,711) (53,673)
Non-cash restructuring credit charges, net     22 60 17,233
Equity based stock compensation, net 411 408 569 113 6
Allowance for doubtful accounts 57 (97) (110) 109 156
Amortization of deferred gains and debt issuance costs (671) 68 (574) (255) (477)
Depreciation and amortization 5,296 4,317 5,620 4,924 4,236
Deferred income tax benefit (loss) 34,164 (53,473) (52,811)    
Loss on disposition of assets 39 77 77 1,010 4,122
Interest and dividends incurred but not paid 21,875 33,300 43,202 38,080 34,626
Capitalized interest (2,519) (927) (1,491) (951) (166)
Changes in operating assets and liabilities:          
Restricted cash 72,736 (26,346) (20,196) 16,857 (35,219)
Accounts receivable (5,316) (3,388) (1,014) (2,450) 6,442
Prepaid maintenance reserves (27,380) (26,840) (35,694) (26,923) (21,093)
Long-term deposits and other assets (19,539) (7,959) (13,981) (6,542) (11,420)
Accounts payable 4,514 (1,112) (2,007) (6,566) (5,709)
Air traffic liability 17,880 20,963 19,107 (3,239) 204
Other liabilities (8,808) 2,965 16,132 (7,313) (33,652)
Other (114) (181) (235) (380) (663)
Net cash provided by operating activities 149,488 3,798 27,033 69,067 (51,913)
Investing activities:          
Proceeds from sale of property and equipment 5,604 230 333 19,491 8,990
Pre-delivery deposits for flight equipment, net of refunds (27,194) (12,790) (25,474) (2,384) 14,693
Purchase of property and equipment, net (9,573) (3,727) (5,325) (14,778) (13,953)
Net cash used in investing activities (31,163) (16,287) (30,466) 2,329 9,730
Financing activities:          
Proceeds from issuance of debt       2,000 5,000
Proceeds from issuance of common stock, net of offering expenses 171,247        
Payments on debt and capital lease obligations (20,564)     (2,239) (890)
Repurchase of restricted common stock (757)     (43) (1)
Debt issuance costs 8     (1,196) (300)
Net cash provided by financing activities 149,934     (1,478) 3,809
Net increase (decrease) in cash and cash equivalents 268,259 (12,489) (3,433) 69,918 (38,374)
Cash and cash equivalents at beginning of period 82,714 86,147 86,147 16,229 54,603
Cash and cash equivalents at end of period 350,973 73,658 82,714 86,147 16,229
Supplemental disclosures          
Interest Paid 8,219 3,543 4,303 12,177 10,941
Taxes paid 379 504 562 1,974 148
Non-cash transactions          
Exchange of notes due to related parties for common stock 279,206        
Exchange of mandatorily redeemable preferred stock for common stock 81,747        
Liability and equity related to tax receivable agreement $ 36,522