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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from Operating Activities    
Net Income $ 36,535 $ 35,313
Adjustments to reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation and Amortization 24,804 23,809
Deferred Income Taxes 8,542 8,974
Other, net 718 2,883
Changes in Operating Assets and Liabilities:    
Accounts Receivable (4,062) 4,147
Inventory (772) (1,319)
Prepaid Expenses (796) 3,218
Lessor Maintenance Deposits (2,713) (4,276)
Other Assets 1,393 1,093
Accounts Payable 2,730 2,455
Accrued Transportation Taxes (3,821) (1,638)
Air Traffic Liabilities (46,428) (38,058)
Loyalty Program Liabilities (501) (669)
Operating Lease Obligations (798) (455)
Other Liabilities 1,600 (4,756)
Net Cash Provided by Operating Activities 16,431 30,721
Cash Flows Used in Investing Activities:    
Purchases of Property & Equipment (15,409) (29,698)
Purchases of Investments (19,092) (31,200)
Proceeds from the Maturities of Investments 17,925 39,500
Other, net 6,004 1,091
Net Cash Used in Investing Activities (10,572) (20,307)
Cash Flows Used in Financing Activities:    
Common Stock Repurchases (10,000) (11,493)
Repayment of Finance Lease Obligations (4,923) (5,847)
Repayment of Borrowings (14,829) (13,830)
Tax Receivable Agreement Payment (10,525) (3,350)
Other, net 1,075 26
Net Cash Used in Financing Activities (39,202) (34,494)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (33,343) (24,080)
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 100,471 63,680
Cash, Cash Equivalents and Restricted Cash--End of the Period 67,128 39,600
Non-cash transactions:    
Aircraft Acquired under Finance Lease $ 0 $ 40,116