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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,004,733 $ 800,849
Short-term investment securities 102,789 100,937
Accounts receivable, net 47,660 49,323
Aircraft maintenance deposits, net 106,901 175,615
Income tax receivable 0 69,844
Prepaid expenses and other current assets 83,383 85,542
Total current assets 1,345,466 1,282,110
Property and equipment:    
Flight equipment 3,257,215 2,291,110
Ground property and equipment 191,661 155,166
Less accumulated depreciation (332,864) (207,808)
Total property and equipment 3,116,012 2,238,468
Pre-delivery deposits on flight equipment 236,775 253,687
Long-term aircraft maintenance deposits 138,738 150,617
Deferred heavy maintenance, net 249,010 99,915
Other long-term assets 79,456 121,003
Total assets 5,165,457 4,145,800
Current liabilities:    
Accounts payable 39,320 22,822
Air traffic liability 291,981 263,711
Current maturities of long-term debt and capital leases 163,557 115,430
Other current liabilities 339,677 262,370
Total current liabilities 834,535 664,333
Long-term debt and capital leases, less current maturities 2,024,774 1,387,498
Deferred income taxes 355,141 308,814
Deferred gains and other long-term liabilities 22,503 22,581
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2018 and 2017, respectively; 69,871,535 and 69,770,795 issued and 68,269,567 and 68,196,964 outstanding as of December 31, 2018 and 2017, respectively 7 7
Additional paid-in-capital 371,225 360,153
Treasury stock, at cost: 1,601,968 and 1,573,831 shares as of December 31, 2018 and 2017, respectively (67,016) (65,854)
Retained earnings 1,625,481 1,469,732
Accumulated other comprehensive income (loss) (1,193) (1,464)
Total shareholders’ equity 1,928,504 1,762,574
Total liabilities and shareholders’ equity $ 5,165,457 $ 4,145,800