|
Condensed Balance Sheets (unaudited) (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 399,143 |
$ 343,328 |
| Accounts receivable, net |
23,761 |
15,425 |
| Deferred income taxes |
14,962 |
20,738 |
| Other current assets |
100,499 |
63,217 |
| Total current assets |
538,365 |
442,708 |
| Property and equipment: |
|
|
| Flight equipment |
4,029 |
4,182 |
| Ground and other equipment |
53,490 |
46,608 |
| Less accumulated depreciation |
(31,562) |
(27,580) |
| Total property and equipment |
25,957 |
23,210 |
| Deposits on flight equipment purchase contracts |
95,862 |
91,450 |
| Prepaid aircraft maintenance to lessors |
117,506 |
120,615 |
| Security deposits and other long-term assets |
106,990 |
67,830 |
| Total assets |
884,680 |
745,813 |
| Current liabilities: |
|
|
| Accounts payable |
21,317 |
15,928 |
| Air traffic liability |
136,693 |
112,280 |
| Other current liabilities |
109,810 |
98,856 |
| Total current liabilities |
267,820 |
227,064 |
| Long-term deferred income taxes |
28,311 |
12,108 |
| Deferred credits and other long-term liabilities |
29,040 |
39,935 |
| Shareholders’ equity: |
|
|
| Common stock |
7 |
7 |
| Additional paid-in-capital |
500,981 |
496,136 |
| Treasury stock |
(1,065) |
(129) |
| Retained earnings (deficit) |
59,586 |
(29,308) |
| Total shareholders' equity |
559,509 |
466,706 |
| Total liabilities and shareholders' equity |
$ 884,680 |
$ 745,813 |