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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,346,350 $ 1,333,507
Restricted cash 119,392 95,400
Short-term investment securities 107,115 106,313
Accounts receivable, net 197,276 128,828
Income tax receivable 36,261 37,890
Prepaid expenses and other current assets 187,589 140,553
Total current assets 1,993,983 1,842,491
Property and equipment:    
Flight equipment 4,326,515 4,356,523
Ground property and equipment 521,802 384,928
Less accumulated depreciation (1,098,819) (884,858)
Total property and equipment 3,749,498 3,856,593
Operating lease right-of-use assets 2,699,574 1,950,520
Pre-delivery deposits on flight equipment 487,553 484,821
Deferred heavy maintenance, net 190,349 330,062
Other long-term assets 63,817 75,538
Total assets 9,184,774 8,540,025
Current liabilities:    
Accounts payable 75,449 44,952
Air traffic liability 429,618 382,317
Current maturities of long-term debt, net, and finance leases 346,888 208,948
Current maturities of operating leases 188,296 158,631
Other current liabilities 556,330 480,754
Total current liabilities 1,596,581 1,275,602
Long-term debt and finance leases, less current maturities 3,200,376 2,975,823
Operating leases, less current maturities 2,455,619 1,751,351
Deferred income taxes 226,843 375,472
Deferred gains and other long-term liabilities 133,704 47,742
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2022 and 2021, respectively; 110,840,751 and 110,221,939 issued and 108,941,920 and 108,429,827 outstanding as of December 31, 2022 and 2021, respectively 11 11
Additional paid-in-capital 1,146,015 1,131,826
Treasury stock, at cost: 1,898,831 and 1,792,112 as of December 31, 2022 and 2021, respectively (77,998) (75,639)
Retained earnings 504,219 1,058,369
Accumulated other comprehensive loss (596) (532)
Total shareholders’ equity 1,571,651 2,114,035
Total liabilities and shareholders’ equity $ 9,184,774 $ 8,540,025