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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,127,460 $ 978,957
Restricted cash 30,000 0
Short-term investment securities 106,298 105,321
Accounts receivable, net 56,043 73,807
Aircraft maintenance deposits, net 75,147 102,906
Income tax receivable 146,961 21,013
Prepaid expenses and other current assets 126,051 103,439
Total current assets 1,667,960 1,385,443
Property and equipment:    
Flight equipment 4,071,980 3,730,751
Ground property and equipment 320,526 291,998
Less accumulated depreciation (582,098) (492,447)
Total property and equipment, net 3,810,408 3,530,302
Operating lease right-of-use assets 1,430,897 1,369,555
Pre-delivery deposits on flight equipment 382,652 291,930
Long-term aircraft maintenance deposits 63,623 67,682
Deferred heavy maintenance, net 376,745 361,603
Other long-term assets 35,659 36,897
Total assets 7,767,944 7,043,412
Current liabilities:    
Accounts payable 41,060 43,601
Air traffic liability 452,023 315,408
Current maturities of long-term debt and finance leases 288,498 258,852
Current maturities of operating leases 128,536 120,662
Deferred salaries, wages and benefits 114,052 0
Other current liabilities 247,013 373,521
Total current liabilities 1,271,182 1,112,044
Long-term debt and finance leases, less current maturities 2,333,600 1,960,453
Operating leases, less current maturities 1,269,670 1,218,014
Deferred income taxes 517,537 469,292
Deferred gains and other long-term liabilities 32,793 22,277
Shareholders’ equity:    
Common stock 27 7
Additional paid-in-capital 636,317 379,380
Treasury stock, at cost (74,009) (72,455)
Retained earnings 1,781,322 1,955,187
Accumulated other comprehensive income (loss) (495) (787)
Total shareholders’ equity 2,343,162 2,261,332
Total liabilities and shareholders’ equity $ 7,767,944 $ 7,043,412