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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from Operating Activities    
Net Income $ 44,664 $ 39,467
Adjustments to reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation and Amortization 74,459 71,194
Deferred Income Taxes 12,726 10,414
Other, net 4,032 7,409
Changes in Operating Assets and Liabilities:    
Accounts Receivable (9,581) 5,947
Inventory (1,928) (3,254)
Prepaid Expenses (4,306) 2,597
Lessor Maintenance Deposits (10,400) (12,766)
Other Assets (4,706) (1,683)
Accounts Payable (4,403) (8,544)
Accrued Transportation Taxes (4,304) (3,363)
Air Traffic Liabilities (16,255) (26,458)
Loyalty Program Liabilities 44 446
Operating Lease Obligations (2,436) (1,454)
Other Liabilities 595 (5,649)
Net Cash Provided by Operating Activities 78,201 74,303
Cash Flows Provided by Investing Activities:    
Purchases of Property & Equipment (29,140) (42,615)
Proceeds from the Sale of Property & Equipment 16,233 10,616
Purchases of Investments (33,610) (55,655)
Proceeds from the Maturities of Investments 73,479 107,750
Other, net 198 842
Net Cash Provided by Investing Activities 27,160 20,938
Cash Flows Used in Financing Activities:    
Common Stock Repurchases (20,015) (11,493)
Proceeds from Borrowings 54,000 10,000
Repayment of Finance Lease Obligations (15,010) (26,249)
Repayment of Borrowings (80,023) (60,776)
Tax Receivable Agreement Payment (10,525) (3,350)
Other, net 573 387
Net Cash Used in Financing Activities (71,000) (91,481)
Net Increase in Cash, Cash Equivalents and Restricted Cash 34,361 3,760
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 100,471 63,680
Cash, Cash Equivalents and Restricted Cash--End of the Period 134,832 67,440
Non-cash transactions:    
Aircraft Acquired under Finance Lease 0 40,116
Aircraft Acquired from the Exercise of Finance Lease Purchase Option, net of Accumulated Depreciation 0 11,634
Maintenance Rights Asset Capitalized into Aircraft and Flight Equipment upon End of Lease 4,697 0
Maintenance Rights Asset Converted to Accounts Receivable upon End of Lease 3,982 0
Changes to Finance Lease Assets due to Lease Modifications $ 0 $ 6,513