XML 70 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 788,225 $ 978,957
Short-term investment securities 106,208 105,321
Accounts receivable, net 33,267 73,807
Aircraft maintenance deposits, net 90,108 102,906
Income tax receivable 104,226 21,013
Prepaid expenses and other current assets 109,131 103,439
Total current assets 1,231,165 1,385,443
Property and equipment:    
Flight equipment 3,965,137 3,730,751
Ground property and equipment 305,876 291,998
Less accumulated depreciation (537,928) (492,447)
Total property and equipment, net 3,733,085 3,530,302
Operating lease right-of-use assets 1,425,171 1,369,555
Pre-delivery deposits on flight equipment 372,068 291,930
Long-term aircraft maintenance deposits 61,246 67,682
Deferred heavy maintenance, net 376,765 361,603
Other long-term assets 35,761 36,897
Total assets 7,235,261 7,043,412
Current liabilities:    
Accounts payable 62,949 43,601
Air traffic liability 411,286 315,408
Current maturities of long-term debt and finance leases 334,931 258,852
Current maturities of operating leases 125,713 120,662
Other current liabilities 296,607 373,521
Total current liabilities 1,231,486 1,112,044
Long-term debt and finance leases, less current maturities 1,965,524 1,960,453
Operating leases, less current maturities 1,268,110 1,218,014
Deferred income taxes 505,263 469,292
Deferred gains and other long-term liabilities 30,487 22,277
Shareholders’ equity:    
Common stock 7 7
Additional paid-in-capital 383,186 379,380
Treasury stock, at cost (73,991) (72,455)
Retained earnings 1,925,750 1,955,187
Accumulated other comprehensive income (loss) (561) (787)
Total shareholders’ equity 2,234,391 2,261,332
Total liabilities and shareholders’ equity $ 7,235,261 $ 7,043,412