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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,333,507 $ 1,789,723
Restricted cash 95,400 71,401
Short-term investment securities 106,313 106,339
Accounts receivable, net 128,828 42,940
Aircraft maintenance deposits, net 10,726 73,134
Income tax receivable 37,890 147,460
Prepaid expenses and other current assets 129,827 124,983
Total current assets 1,842,491 2,355,980
Property and equipment:    
Flight equipment 4,356,523 4,177,631
Ground property and equipment 384,928 334,167
Less accumulated depreciation (884,858) (680,230)
Total property and equipment 3,856,593 3,831,568
Operating lease right-of-use assets 1,950,520 1,417,823
Pre-delivery deposits on flight equipment 484,821 356,262
Long-term aircraft maintenance deposits 38,166 53,158
Deferred heavy maintenance, net 330,062 347,907
Other long-term assets 37,372 36,127
Total assets 8,540,025 8,398,825
Current liabilities:    
Accounts payable 44,952 28,454
Air traffic liability 382,317 401,966
Current maturities of long-term debt and finance leases 208,948 384,197
Current maturities of operating leases 158,631 133,791
Other current liabilities 480,754 393,614
Total current liabilities 1,275,602 1,342,022
Long-term debt and finance leases, less current maturities 2,975,823 3,066,635
Operating leases, less current maturities 1,751,351 1,248,519
Deferred income taxes 375,472 439,894
Deferred gains and other long-term liabilities 47,742 52,060
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2021 and 2020, respectively; 110,221,939 and 99,427,203 issued and 108,429,827 and 97,689,583 outstanding as of December 31, 2021 and 2020, respectively 11 10
Additional paid-in-capital 1,131,826 799,549
Treasury stock, at cost: 1,792,112 and 1,737,620 as of December 31, 2021 and 2020, respectively (75,639) (74,124)
Retained earnings 1,058,369 1,524,878
Accumulated other comprehensive loss (532) (618)
Total shareholders’ equity 2,114,035 2,249,695
Total liabilities and shareholders’ equity $ 8,540,025 $ 8,398,825