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Condensed Statements Of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 242,820 $ 169,555
Adjustments to reconcile net income to net cash provided by operations:    
Unrealized (gains) losses on open fuel derivative contracts, net 2,239 0
Equity-based compensation, net 6,999 6,315
Allowance for doubtful accounts (recoveries) 7 (63)
Amortization of deferred gains and losses 730 (228)
Depreciation and amortization 51,630 33,803
Deferred income tax expense (benefit) 63,960 (395)
Loss on disposal of assets 1,300 1,658
Capitalized interest (8,392) (1,088)
Changes in operating assets and liabilities:    
Accounts receivable (10,374) (3,206)
Prepaid maintenance reserves (17,488) (28,955)
Long-term deposits and other assets (44,294) (36,449)
Accounts payable 2,340 (5,524)
Air traffic liability 56,960 48,736
Other liabilities 17,845 22,136
Net cash provided by operating activities 366,282 206,295
Investing activities:    
Pre-delivery deposits for flight equipment, net of refunds (87,658) (115,955)
Purchase of property and equipment (451,799) (26,261)
Net cash used in investing activities (539,457) (142,216)
Financing activities:    
Proceeds from issuance of long-term debt 416,000 0
Proceeds from stock options exercised 32 140
Payments on debt and capital lease obligations (16,609) (922)
Proceeds from sale and leaseback transactions 7,300 0
Payments to pre-IPO shareholders pursuant to tax receivable agreement 0 (5,643)
Excess tax benefits from equity-based compensation 8,818 1,690
Repurchase of common stock (112,162) (1,501)
Debt issuance costs (14,092) 0
Net cash provided by financing activities 289,287 (6,236)
Net increase in cash and cash equivalents 116,112 57,843
Cash and cash equivalents at beginning of period 632,784 530,631
Cash and cash equivalents at end of period 748,896 588,474
Cash payments for:    
Interest (net of capitalized interest) 3,851 398
Taxes $ 95,135 $ 88,884