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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CONSOLIDATED STATEMENTS OF CASH FLOWS    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 331,783 $ 228,034
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (738,101) (1,061,392)
Sales of marketable securities 665,246 1,071,668
Proceeds from the sale of aircraft, property and equipment 50,652  
Acquisition of property and equipment:    
Aircraft and rotable spare parts (514,443) (314,657)
Buildings and ground equipment (2,420) (7,303)
Aircraft deposits applied towards acquired aircraft, net 16,824  
Increase in other assets (6,098) (1,499)
NET CASH USED IN INVESTING ACTIVITIES (528,340) (313,183)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 384,825 248,966
Principal payments on long-term debt (169,550) (136,328)
Net proceeds from issuance of common stock 1,783 4,048
Purchase of treasury stock (13,871)  
Increase in debt issuance cost (3,221) (2,495)
Payment of cash dividends (6,727) (4,095)
NET CASH PROVIDED BY FINANCING ACTIVITIES 193,239 110,096
Increase (decrease) in cash and cash equivalents (3,318) 24,947
Cash and cash equivalents at beginning of period 146,766 203,035
CASH AND CASH EQUIVALENTS AT END OF PERIOD 143,448 227,982
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Acquisition of rotable spare parts 2,038  
Cash paid during the period for:    
Interest, net of capitalized amounts 50,943 35,887
Income taxes $ 598 $ 741