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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 800,849 $ 700,900
Short-term investment securities 100,937 100,155
Accounts receivable, net 49,323 41,136
Aircraft maintenance deposits, net 175,615 87,035
Income tax receivable 69,844 0
Prepaid expenses and other current assets 83,692 46,619
Total current assets 1,280,260 975,845
Property and equipment:    
Flight equipment 2,291,110 1,461,525
Ground property and equipment 155,166 126,206
Less accumulated depreciation (207,808) (122,509)
Total property and equipment 2,238,468 1,465,222
Deposits on flight equipment purchase contracts 253,687 325,688
Long-term aircraft maintenance deposits 150,617 199,415
Deferred heavy maintenance, net 99,915 75,534
Other long-term assets 121,003 110,223
Total assets 4,143,950 3,151,927
Current liabilities:    
Accounts payable 22,822 15,193
Air traffic liability 246,404 206,392
Current maturities of long-term debt 115,430 84,354
Other current liabilities 262,370 226,011
Total current liabilities 647,026 531,950
Long-term debt, less current maturities 1,387,498 897,359
Deferred income taxes 313,140 308,143
Deferred gains and other long-term liabilities 19,205 19,868
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2017 and 2016, respectively; 69,770,795 and 73,549,872 issued and 68,196,964 and 69,326,202 outstanding as of December 31, 2017 and 2016, respectively 7 7
Additional paid-in-capital 360,153 551,004
Treasury stock, at cost: 1,573,831 and 4,223,670 shares as of December 31, 2017 and 2016, respectively (65,854) (218,692)
Retained earnings 1,484,239 1,063,633
Accumulated other comprehensive loss (1,464) (1,345)
Total shareholders’ equity 1,777,081 1,394,607
Total liabilities and shareholders’ equity $ 4,143,950 $ 3,151,927