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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from Operating Activities    
Net Income (Loss) $ 10,392 $ 82,334
Adjustments to reconcile Net Income to Cash from Operating Activities:    
Depreciation and Amortization 49,364 41,532
Tax Receivable Agreement Adjustment 5,000 (19,800)
Operating Lease Right-of-use Assets (199) 12,920
Non-Cash (Gain) Loss on Asset Transactions, net (318) 2
Unrealized (Gain) on Fuel Derivatives 0 (3,527)
Amortization of Over-market Liabilities (2,453) (4,159)
Deferred Income Taxes 3,183 18,340
Amazon Warrants Vested 4,200 4,200
Stock-based Compensation Expense 1,981 4,577
Amortization of Debt Issuance Costs and Debt Securities 467 963
Loss on Extinguishment of Debt 1,557 1,224
Changes in Operating Assets and Liabilities:    
Accounts Receivable (88) 34
Inventory (1,402) (456)
Prepaid Expenses (3,188) (3,153)
Lessor Maintenance Deposits (10,256) (5,464)
Aircraft Deposits (2,569) 1,162
Other Assets (5,478) 2,297
Accounts Payable 8,674 2,257
Accrued Transportation Taxes (1,736) 2,999
Air Traffic Liabilities 14,269 3,972
Loyalty Program Liabilities (3,401) (1,759)
Operating Lease Obligations (61) (32,651)
Other Liabilities 3,733 8,514
Net Cash Provided by Operating Activities 71,671 116,358
Cash Flows from Investing Activities:    
Purchases of Property & Equipment (177,658) (118,016)
Proceeds from the Sale of Property & Equipment 777 0
Proceeds from Insurance Settlements 8,865 0
Purchases of Investments (130,529) (1,436)
Proceeds from the Sale of Investments 935 1,062
Net Cash Used in Investing Activities (297,610) (118,390)
Cash Flows from Financing Activities:    
Cash Received from Stock Offering 0 235,894
Costs of Stock Offering 0 (8,706)
Proceeds from Stock Option and Warrant Exercises 1,656 2,407
Taxes Paid for Net Stock Settlement of Stock-Based Awards (31) 0
Proceeds from Borrowings 188,277 80,500
Repayment of Finance Lease Obligations (37,842) (9,113)
Repayment of Borrowings (95,305) (75,728)
Debt Issuance Costs (2,526) (2,560)
Net Cash Provided by Financing Activities 54,229 222,694
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (171,710) 220,662
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 317,785 70,363
Cash, Cash Equivalents and Restricted Cash--End of the Period 146,075 291,025
Non-cash transactions:    
Lease Deposits Applied Against the Purchase of Aircraft 1,085 3,296
Aircraft and Flight Equipment Acquired through Finance Leases 40,480 71,856
Finance Lease Asset Modifications 46,311 0
Aircraft Acquired From Exercise of Finance Lease Purchase Option, net of Accumulated Depreciation 28,012 0
Derecognition of Operating Lease Right-of-Use Assets, net 8,674 41,135
Derecognition of Operating Lease Obligations 8,674 44,726
Reconciliation of Cash, Cash Equivalents and Restricted Cash    
Cash and Cash Equivalents 131,912 275,332
Restricted Cash 14,163 15,693
Total Cash, Cash Equivalents and Restricted Cash $ 146,075 $ 291,025