XML 25 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 10, 2018
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS        
Financial Designation, Predecessor and Successor [Fixed List] Predecessor Successor    
Net Income / (Loss) $ 25,910 $ (367) $ (3,904) $ 46,072
Adjustments to reconcile Net Income to Cash from Operating Activities:        
Depreciation and Amortization 2,526 14,405 48,086 34,877
Reduction in Operating Lease Right-of-use Assets     25,880 33,541
Loss on Asset Transactions, net   (811) 413 1,249
Unrealized Loss (Gain) on Fuel Derivatives   12,006 12,206 (10,791)
Amortization of Over-market Liabilities   (17,275) (10,421) (14,064)
Deferred Income Taxes   147 (789) 14,022
Amazon Warrants Vested     1,866  
Stock-based Compensation Expense   373 2,110 1,888
Amortization of Debt Issuance Costs   252 1,523 481
Changes in Operating Assets and Liabilities:        
Accounts Receivable 8,148 20,732 (6,282) (11,353)
Due From Predecessor Parent (7,370)      
Inventory (293) 156 (614) (869)
Prepaid Expenses (5,519) (6,171) 15 2,278
Lessor Maintenance Deposits (3,148) (14,193) (9,415) (17,466)
Aircraft Lease Deposits (1,151) 133 1,290 (1,179)
Other Assets   (718) (5,447) (566)
Accounts Payable 21,690 (9,710) (7,174) 9,037
Accrued Transportation Taxes 1,287 (1,868) (7,845) 3,359
Air Traffic Liabilities (33,983) 33,470 (15,584) 11,309
Loyalty Program Liabilities 71 (13,216) (823) (5,925)
Reduction in Operating Lease Obligations     (28,352) (34,365)
Other Liabilities (3,585) (3,581) 3,635 1,737
Net Cash Provided by Operating Activities 4,583 13,764 374 63,272
Cash Flows from Investing Activities:        
Purchases of Property & Equipment (2,577) (78,687) (96,298) (69,816)
Proceeds from the sale of Property & Equipment     200  
Purchase of Investments (118) (5,372) (927) (3,394)
Proceeds from the Sale of Investments 101 3,236 997 3,646
Net Cash Used in Investing Activities (2,594) (80,823) (96,028) (69,564)
Cash Flows from Financing Activities:        
Cash Contributions from Stockholders   47,866    
Cash Distributions to Stockholder (10,549)      
Proceeds Received from Exercise of Apollo Warrants     21  
Proceeds from Borrowings   63,341 265,307 41,630
Proceeds received for Amazon Warrants       4,667
Repayment of Finance Lease Obligations (49) (3,160) (89,697) (8,258)
Repayment of Borrowings (82) (5,854) (69,906) (10,153)
Debt Issuance Costs     (4,186) (557)
Net Cash Provided by Financing Activities (10,680) 102,193 101,539 27,329
Net Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash (8,691) 35,133 5,885 21,037
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 16,999 8,308 64,478 43,441
Cash, Cash Equivalents and Restricted Cash--End of the Period 8,308 43,441 70,363 64,478
Supplemental information:        
Cash Payments for Interest $ 402 4,364 20,304 16,424
Cash Payments for Income Taxes, net   11 47 385
Lease Deposits Applied Against the Purchase of Aircraft     19,976  
Aircraft and Flight Equipment Acquired through Finance Leases   84,773   108,978
Right-of-use Assets Acquired through Operating Leases       5,470
Purchases of Property & Equipment in Accounts Payable     $ 734 $ 991
Loans to Stockholders   $ 3,500