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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CONSOLIDATED STATEMENTS OF CASH FLOWS    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 168,807 $ 32,489
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (337,375) (112,664)
Sales of marketable securities 430,688 215,005
Proceeds from the sale of equipment 5,719 3
Acquisition of property and equipment:    
Aircraft and rotable spare parts (503,317) (297,758)
Buildings and ground equipment (16,842) (11,644)
Return of deposits on aircraft 2,300  
Increase in other assets (8,325) (13,563)
NET CASH USED IN INVESTING ACTIVITIES (427,152) (220,621)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 432,568 187,389
Principal payments on long-term debt (114,202) (88,236)
Tax deficiency from exercise of common stock options (2,012) (1,266)
Net proceeds from issuance of common stock 3,721 1,933
Purchase of treasury stock (18,726) (8,414)
Payment of cash dividends (4,114) (4,119)
NET CASH PROVIDED BY FINANCING ACTIVITIES 297,235 87,287
Increase (decrease) in cash and cash equivalents 38,890 (100,845)
Cash and cash equivalents at beginning of period 132,275 170,636
CASH AND CASH EQUIVALENTS AT END OF PERIOD 171,165 69,791
Cash paid during the year for:    
Interest, net of capitalized amounts 37,530 33,103
Income taxes $ 613 $ 382