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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 865,211 $ 1,346,350
Restricted cash 119,400 119,392
Short-term investment securities 112,501 107,115
Accounts receivable, net 205,468 197,276
Income tax receivable 0 36,261
Prepaid expenses and other current assets 209,547 187,589
Total current assets 1,512,127 1,993,983
Property and equipment:    
Flight equipment 3,961,785 4,326,515
Ground property and equipment 726,364 521,802
Less accumulated depreciation (1,169,021) (1,098,819)
Total property and equipment 3,519,128 3,749,498
Operating lease right-of-use assets 3,561,028 2,699,574
Pre-delivery deposits on flight equipment 480,717 487,553
Deferred heavy maintenance, net 313,505 190,349
Other long-term assets 30,732 63,817
Total assets 9,417,237 9,184,774
Current liabilities:    
Accounts payable 42,098 75,449
Air traffic liability 383,751 429,618
Current maturities of long-term debt, net, and finance leases 315,580 346,888
Current maturities of operating leases 224,865 188,296
Other current liabilities 705,298 556,330
Total current liabilities 1,671,592 1,596,581
Long-term debt and finance leases, less current maturities 3,055,221 3,200,376
Operating leases, less current maturities 3,298,871 2,455,619
Deferred income taxes 107,761 226,843
Deferred gains and other long-term liabilities 149,450 133,704
Shareholders’ equity:    
Common stock: Common stock, $0.0001 par value, 240,000,000 shares authorized at December 31, 2023 and 2022, respectively; 111,303,660 and 110,840,751 issued and 109,263,005 and 108,941,920 outstanding as of December 31, 2023 and 2022, respectively 11 11
Additional paid-in-capital 1,158,278 1,146,015
Treasury stock, at cost: 2,040,655 and 1,898,831 as of December 31, 2023 and 2022, respectively (80,635) (77,998)
Retained earnings 56,755 504,219
Accumulated other comprehensive income (loss) (67) (596)
Total shareholders’ equity 1,134,342 1,571,651
Total liabilities and shareholders’ equity $ 9,417,237 $ 9,184,774