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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,789,723 $ 978,957
Restricted cash 71,401 0
Short-term investment securities 106,339 105,321
Accounts receivable, net 42,940 73,807
Aircraft maintenance deposits, net 73,134 102,906
Income tax receivable 147,460 21,013
Prepaid expenses and other current assets 124,983 103,439
Total current assets 2,355,980 1,385,443
Property and equipment:    
Flight equipment 4,177,631 3,730,751
Ground property and equipment 334,167 291,998
Less accumulated depreciation (680,230) (492,447)
Total property and equipment 3,831,568 3,530,302
Operating lease right-of-use assets 1,417,823 1,369,555
Pre-delivery deposits on flight equipment 356,262 291,930
Long-term aircraft maintenance deposits 53,158 67,682
Deferred heavy maintenance, net 347,907 361,603
Other long-term assets 36,127 36,897
Total assets 8,398,825 7,043,412
Current liabilities:    
Accounts payable 28,454 43,601
Air traffic liability 401,966 315,408
Current maturities of long-term debt and finance leases 384,197 258,852
Current maturities of operating leases 133,791 120,662
Other current liabilities 393,614 373,521
Total current liabilities 1,342,022 1,112,044
Long-term debt and finance leases, less current maturities 3,066,635 1,960,453
Operating leases, less current maturities 1,248,519 1,218,014
Deferred income taxes 439,894 469,292
Deferred gains and other long-term liabilities 52,060 22,277
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2020 and 2019, respectively; 99,427,203 and 70,148,386 issued and 97,689,583 and 68,455,011 outstanding as of December 31, 2020 and 2019, respectively 10 7
Additional paid-in-capital 799,549 379,380
Treasury stock, at cost: 1,737,620 and 1,693,375 as of December 31, 2020 and 2019, respectively (74,124) (72,455)
Retained earnings 1,524,878 1,955,187
Accumulated other comprehensive income (loss) (618) (787)
Total shareholders’ equity 2,249,695 2,261,332
Total liabilities and shareholders’ equity $ 8,398,825 $ 7,043,412