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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 700,900 $ 803,632
Short-term investment securities 100,155 0
Accounts receivable, net 41,136 28,266
Aircraft maintenance deposits 87,035 73,415
Prepaid income taxes 0 72,278
Prepaid expenses and other current assets 46,619 48,749
Total current assets 975,845 1,026,340
Property and equipment:    
Flight equipment 1,461,525 834,927
Ground property and equipment 126,206 74,814
Less accumulated depreciation (122,509) (65,524)
Total property and equipment 1,465,222 844,217
Deposits on flight equipment purchase contracts 325,688 286,837
Long-term aircraft maintenance deposits 199,415 206,485
Deferred heavy maintenance, net 75,534 89,127
Other long-term assets 110,223 77,539
Total assets 3,151,927 2,530,545
Current liabilities:    
Accounts payable 15,193 17,043
Air traffic liability 206,392 216,831
Current maturities of long-term debt 84,354 49,637
Other current liabilities 226,011 182,729
Total current liabilities 531,950 466,240
Long-term debt, less current maturities 897,359 596,693
Long-term deferred income taxes 308,143 221,481
Deferred gains and other long-term liabilities 19,868 20,821
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2016 and 2015, respectively; 73,549,872 and 73,402,877 issued and 69,326,202 and 71,541,788 outstanding as of December 31, 2016 and 2015, respectively 7 7
Additional paid-in-capital 551,004 544,277
Treasury stock, at cost: 4,223,670 and 1,861,089 shares as of December 31, 2016 and 2015, respectively (218,692) (116,182)
Retained earnings 1,063,633 798,754
Accumulated other comprehensive loss (1,345) (1,546)
Total shareholders’ equity 1,394,607 1,225,310
Total liabilities and shareholders’ equity $ 3,151,927 $ 2,530,545