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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF CASH FLOWS      
Net Income (Loss) $ 77,470 $ (3,904) $ 46,072
Adjustments to reconcile Net Income (Loss) to Cash from Operating Activities:      
Depreciation and Amortization 55,019 48,086 34,877
Tax Receivable Agreement Adjustment (16,400)    
Operating Lease Right-of-use Assets 16,477 25,880 33,541
Non-Cash (Gain) Loss on Asset Transactions, net (12,673) 413 1,249
Unrealized (Gain) Loss on Fuel Derivatives (3,527) 12,206 (10,791)
Amortization of Over-market Liabilities (5,236) (10,421) (14,064)
Deferred Income Taxes 17,480 (789) 14,022
Amazon Warrants Vested 5,600 1,866  
Stock-based Compensation Expense 5,562 2,110 1,888
Amortization of Debt Issuance Costs 2,463 1,523 481
Changes in Operating Assets and Liabilities:      
Accounts Receivable (481) (6,282) (11,353)
Inventory (484) (614) (869)
Prepaid Expenses (510) 15 2,278
Lessor Maintenance Deposits (8,089) (9,415) (17,466)
Aircraft Lease Deposits 445 1,290 (1,179)
Other Assets 2,351 (5,447) (566)
Accounts Payable 5,820 (7,174) 9,037
Accrued Transportation Taxes 6,853 (7,845) 3,359
Air Traffic Liabilities 17,486 (15,584) 11,309
Loyalty Program Liabilities (2,351) (823) (5,925)
Operating Lease Obligations (24,433) (28,352) (34,365)
Other Liabilities 13,171 3,635 1,737
Net Cash Provided by Operating Activities 152,013 374 63,272
Cash Flows from Investing Activities:      
Purchases of Property & Equipment (116,369) (96,298) (69,816)
Proceeds from the Sale of Property & Equipment 56 200  
Purchase of Investments (1,797) (927) (3,394)
Proceeds from the Sale of Investments 1,137 997 3,646
Net Cash Used in Investing Activities (116,973) (96,028) (69,564)
Cash Flows from Financing Activities:      
Cash Received from Stock Offering 235,894    
Costs of Stock Offering (8,384)    
Proceeds from Stock Option and Warrant Exercises 4,233 21  
Proceeds from Borrowings 80,500 265,307 41,630
Proceeds Received for Amazon Warrants     4,667
Repayment of Finance Lease Obligations (11,931) (89,697) (8,258)
Repayment of Borrowings (85,370) (69,906) (10,153)
Debt Issuance Costs (2,560) (4,186) (557)
Net Cash Provided by Financing Activities 212,382 101,539 27,329
Net Increase in Cash, Cash Equivalents and Restricted Cash 247,422 5,885 21,037
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 70,363 64,478 43,441
Cash, Cash Equivalents and Restricted Cash--End of the Period 317,785 70,363 64,478
Supplemental information:      
Cash Payments for Interest 23,601 20,304 16,424
Cash Payments for Income Taxes, net 172 47 385
Lease Deposits Applied Against the Purchase of Aircraft 3,296 19,976  
Aircraft and Flight Equipment Acquired through Finance Leases 91,134   108,978
Right-of-use Assets Acquired through Operating Leases     5,470
Purchases of Property & Equipment in Accounts Payable $ 221 $ 734 $ 991