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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from Operating Activities    
Net Income $ 38,328 $ 3,637
Adjustments to reconcile Net Income to Cash from Operating Activities:    
Depreciation and Amortization 19,460 15,328
Deferred Income Taxes 10,450 2,782
Other, net 4,643 13,013
Changes in Operating Assets and Liabilities:    
Accounts Receivable (468) (1,577)
Inventory (305) (346)
Prepaid Expenses (198) (1,655)
Lessor Maintenance Deposits (2,858) (3,919)
Aircraft Deposits (187) (1,044)
Other Assets 581 (6,262)
Accounts Payable (288) 9,500
Accrued Transportation Taxes (2,264) 1,362
Air Traffic Liabilities (16,382) (7,616)
Loyalty Program Liabilities (1,638) (2,344)
Operating Lease Obligations (1,434) (3,240)
Other Liabilities 421 594
Net Cash Provided by Operating Activities 47,861 18,213
Cash Flows from Investing Activities:    
Purchases of Property & Equipment (104,978) (49,683)
Purchases of Investments (24,228) (3)
Proceeds from the Maturities of Investments 32,840 0
Other, net 1,129 58
Net Cash Used in Investing Activities (95,237) (49,628)
Cash Flows from Financing Activities:    
Common Stock Repurchases (14,812) 0
Proceeds from Borrowings 71,280 77,986
Repayment of Finance Lease Obligations (4,277) (4,466)
Repayment of Borrowings (10,122) (77,947)
Other, net (3,258) (1,456)
Net Cash Provided by (Used in) Financing Activities 38,811 (5,883)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (8,565) (37,298)
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 102,928 317,785
Cash, Cash Equivalents and Restricted Cash--End of the Period 94,363 280,487
Non-cash transactions:    
Aircraft and Flight Equipment Acquired through Finance Leases 0 19,928
Changes to Finance Lease Assets due to Operating and Finance Lease Modifications $ 0 $ 46,311