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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 34,544 $ 35,206
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (508,562) (109,900)
Sales of marketable securities 608,058 147,830
Proceeds from the sale of aircraft, property and equipment   2,966
Acquisition of property and equipment:    
Aircraft and rotable spare parts (94,941) (258,795)
Buildings and ground equipment (3,460) (6,905)
Increase in other assets (2,164) (11,906)
NET CASH USED IN INVESTING ACTIVITIES (1,069) (236,710)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 68,232 203,083
Principal payments on long-term debt (57,196) (39,528)
Net proceeds from issuance of common stock 2,006 857
Increase in debt issuance cost (747) (2,028)
Payment of cash dividends (2,040) (2,047)
NET CASH PROVIDED BY FINANCING ACTIVITIES 10,255 160,337
Increase (decrease) in cash and cash equivalents 43,730 (41,167)
Cash and cash equivalents at beginning of period 203,035 132,275
CASH AND CASH EQUIVALENTS AT END OF PERIOD 246,765 91,108
Cash paid during the year for:    
Interest, net of capitalized amounts 16,547 15,281
Income taxes $ 684 $ 573