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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 155,749 $ 415,522 $ 263,483
Adjustments to reconcile net income to net cash provided by operations:      
Losses reclassified from other comprehensive income 315 335 354
Stock-based compensation 11,021 8,522 7,105
Allowance for doubtful accounts (recoveries) (11) (53) 80
Amortization of deferred gains and losses and debt issuance costs 8,819 7,944 5,732
Depreciation and amortization 176,727 140,152 101,136
Deferred income tax expense (benefit) 46,303 (492) 85,339
Loss on disposal of assets 9,580 4,168 4,187
Lease termination costs 0 12,629 37,189
Special charges, non-operating 90,357 0 0
Changes in operating assets and liabilities:      
Accounts receivable 1,674 (8,134) (12,951)
Aircraft maintenance deposits, net 14,019 (37,930) (45,869)
Long-term deposits and other assets (4,803) (50,951) (47,204)
Deferred heavy maintenance, net (190,381) (78,237) (30,222)
Income tax receivable 69,844 (69,844) 0
Prepaid income taxes 0 0 72,278
Accounts payable 15,317 6,030 (6,823)
Air traffic liability 28,270 43,527 (9,455)
Other liabilities 74,038 31,672 47,200
Other (375) 380 206
Net cash provided by operating activities 506,463 425,240 471,765
Investing activities:      
Purchase of available-for-sale investment securities (124,430) (107,246) (103,258)
Proceeds from the maturity of available-for-sale investment securities 122,947 105,906 2,842
Proceeds from sale of property and equipment 11,400 0 50
Pre-delivery deposits on flight equipment, net of refunds (177,424) (149,477) (173,947)
Capitalized interest (8,729) (12,305) (10,834)
Assets under construction for others (501) 0 0
Purchase of property and equipment (606,971) (628,881) (539,209)
Net cash used in investing activities (783,708) (792,003) (824,356)
Financing activities:      
Proceeds from issuance of long-term debt 832,099 629,725 417,275
Proceeds from stock options exercised 51 45 92
Payments on debt obligations (137,275) (102,313) (64,371)
Payments on capital lease obligations (205,720) (425) (50)
Reimbursement for assets under construction for others 501 0 0
Excess tax (deficiency) benefit from equity-based compensation 0 0 (470)
Repurchase of common stock (1,162) (46,580) (102,510)
Debt issuance costs (7,365) (13,740) (107)
Net cash provided by financing activities 481,129 466,712 249,859
Net increase (decrease) in cash and cash equivalents 203,884 99,949 (102,732)
Cash and cash equivalents at beginning of period 800,849 700,900 803,632
Cash and cash equivalents at end of period 1,004,733 800,849 700,900
Cash payments for:      
Interest, net of capitalized interest 65,123 37,902 39,963
Income taxes paid, net of refunds (73,489) 5,826 (5,579)
Non-cash transactions:      
Capital expenditures funded by capital lease borrowings $ (987) $ (1,370) $ (31)