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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 978,957 $ 1,004,733
Short-term investment securities 105,321 102,789
Accounts receivable, net 73,807 47,660
Aircraft maintenance deposits, net 102,906 106,901
Income tax receivable 21,013 0
Prepaid expenses and other current assets 103,439 83,383
Total current assets 1,385,443 1,345,466
Property and equipment:    
Flight equipment 3,730,751 3,257,215
Ground property and equipment 291,998 191,661
Less accumulated depreciation (492,447) (332,864)
Total property and equipment 3,530,302 3,116,012
Operating lease right-of-use assets 1,369,555 0
Pre-delivery deposits on flight equipment 291,930 236,775
Long-term aircraft maintenance deposits 67,682 138,738
Deferred heavy maintenance, net 361,603 249,010
Other long-term assets 36,897 79,456
Total assets 7,043,412 5,165,457
Current liabilities:    
Accounts payable 43,601 39,320
Air traffic liability 315,408 291,981
Current maturities of long-term debt and finance leases 258,852 163,557
Current maturities of operating leases 120,662 0
Other current liabilities 373,521 339,677
Total current liabilities 1,112,044 834,535
Long-term debt and finance leases, less current maturities 1,960,453 2,024,774
Operating leases, less current maturities 1,218,014 0
Deferred income taxes 469,292 355,141
Deferred gains and other long-term liabilities 22,277 22,503
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2019 and 2018, respectively; 70,148,386 and 69,871,535 issued and 68,455,011 and 68,269,567 outstanding as of December 31, 2019 and 2018, respectively 7 7
Additional paid-in-capital 379,380 371,225
Treasury stock, at cost: 1,693,375 and 1,601,968 as of December 31, 2019 and 2018, respectively (72,455) (67,016)
Retained earnings 1,955,187 1,625,481
Accumulated other comprehensive income (loss) (787) (1,193)
Total shareholders’ equity 2,261,332 1,928,504
Total liabilities and shareholders’ equity $ 7,043,412 $ 5,165,457