| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Dividends, Cash | ||||||||||
- | - | - | - | 46,464 | 43,717 | 41,787 | 38,602 | - | - | - |
OPERATING ACTIVITIES: | ||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
232,117 | 161,802 | 198,148 | 220,866 | 220,330 | 86,303 | 91,779 | 78,414 | 49,398 | 65,702 | 76,331 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation, Depletion and Amortization, Nonproduction | ||||||||||
155,852 | 129,351 | 121,713 | 105,216 | 98,097 | 83,409 | 69,264 | 57,503 | 41,975 | 34,965 | 29,638 |
(Gain)/loss on aircraft and other equipment disposals | ||||||||||
-8,475 | 2,360 | 9,334 | 4,981 | 4,630 | 7,100 | 8,000 | 4,084 | 4,794 | 2,878 | 4,898 |
Special charge | ||||||||||
0 | 0 | 35,253 | 0 | 0 | 43,280 | 0 | - | - | - | - |
Provision for obsolescence of expendable parts, supplies and fuel | ||||||||||
- | - | - | - | 1,604 | 1,301 | 827 | 480 | 225 | -489 | 120 |
Amortization of deferred financing costs | ||||||||||
- | - | - | - | 1,099 | 2,215 | 612 | 579 | 411 | - | - |
Share-based compensation expense | ||||||||||
18,226 | 15,098 | 13,856 | 9,389 | 10,474 | 16,723 | 9,818 | 4,069 | 4,735 | 4,437 | 3,109 |
Deferred income taxes | ||||||||||
68,466 | 38,222 | 42,689 | 30,579 | 8,979 | -7,353 | -1,945 | 6,362 | 13,977 | -737 | 6,768 |
Other adjustments | ||||||||||
5,521 | 4,541 | 5,933 | 4,286 | - | - | - | - | - | - | - |
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | 3,865 | 3,442 | 1,689 | 2,724 | 409 | 821 | 1,157 |
Changes in certain assets and liabilities: | ||||||||||
Restricted cash | ||||||||||
- | - | - | - | - | - | - | -5,290 | -5,801 | 3,446 | 1,809 |
Air traffic liability | ||||||||||
-37,720 | -7,931 | -12,721 | 6,144 | -12,821 | -17,927 | -19,474 | -29,146 | -17,371 | 10,850 | 21,538 |
Accounts receivable | ||||||||||
-10,498 | -35,624 | 30,568 | 18,201 | 1,693 | -4,707 | -1,778 | 5,769 | 5,014 | 376 | 1,901 |
Expendable parts, supplies and fuel | ||||||||||
- | - | - | - | - | - | - | 4,373 | 1,381 | 2,221 | 3,788 |
Prepaid expenses | ||||||||||
5,483 | 5,191 | 7,654 | -1,999 | -6,030 | -8,591 | 8,526 | -490 | 790 | 17,231 | 10,171 |
Accounts payable | ||||||||||
-2,103 | 8,633 | 4,798 | 9,209 | -6,431 | 851 | 3,140 | 891 | 3,065 | 4,526 | 2,196 |
Accrued liabilities | ||||||||||
21,331 | 12,005 | 9,251 | 7,596 | 14,673 | 9,243 | 3,695 | 2,044 | -910 | -276 | 6,969 |
Deferred major maintenance | ||||||||||
81,133 | 49,622 | 20,687 | 18,857 | 0 | 0 | - | - | - | - | - |
Other assets/liabilities | ||||||||||
10,327 | 4,142 | 4,113 | 2,769 | 1,381 | 1,074 | -661 | -286 | 3,337 | -195 | 1,067 |
Net cash provided by operating activities | ||||||||||
442,210 | 356,612 | 390,674 | 348,150 | 365,367 | 269,781 | 196,888 | 176,772 | 129,911 | 97,956 | 131,674 |
Cash flows from investing activities: | ||||||||||
Purchase of investment securities | ||||||||||
436,237 | 371,461 | 363,300 | 444,532 | 357,546 | 334,538 | 351,616 | 385,095 | 359,035 | 84,306 | 124,434 |
Proceeds from maturities of investment securities | ||||||||||
454,813 | 436,581 | 319,915 | 361,082 | 373,816 | 297,968 | 325,367 | 290,669 | 227,232 | 188,436 | 60,364 |
Aircraft pre-delivery deposits | ||||||||||
- | - | - | 125,434 | 0 | 0 | - | - | - | - | - |
Purchase of property and equipment, including capitalized interest | ||||||||||
506,845 | 334,774 | 580,249 | 199,743 | 252,686 | 279,418 | 177,516 | 105,084 | 86,582 | 98,499 | 31,663 |
Change in deposits and other assets | ||||||||||
- | - | - | - | - | - | -10,233 | 10,405 | -9,613 | -1,298 | 838 |
Interest during refurbishment of aircraft | ||||||||||
- | - | - | - | - | - | - | 498 | 405 | - | - |
Proceeds from sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | 1,613 | 951 | 483 | - |
Other investing activities | ||||||||||
-11,806 | -677 | -5,115 | -6,790 | -2,198 | -740 | -700 | - | - | - | - |
Investment in unconsolidated affiliates, net | ||||||||||
- | - | - | - | - | - | - | 27 | -3 | 630 | 642 |
Net cash used in investing activities | ||||||||||
-476,463 | -268,977 | -618,519 | -401,837 | -234,218 | -315,248 | -192,832 | -208,827 | -208,223 | 6,782 | -97,213 |
Cash flows from financing activities: | ||||||||||
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | 3,865 | 3,442 | 1,689 | 2,724 | 409 | 821 | 1,157 |
Cash dividends paid to shareholders | ||||||||||
45,552 | 45,247 | 45,720 | 67,540 | 62,439 | 41,787 | 0 | 38,602 | 0 | 14,942 | - |
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | - | - | 2,083 | 7,542 | 1,834 | 3,157 | 1,742 |
Proceeds from exercise of warrants | ||||||||||
- | - | - | - | - | - | - | - | - | 715 | - |
Proceeds from the issuance of debt | ||||||||||
874,936 | 211,225 | 497,540 | 321,160 | 121,000 | 385,300 | 106,000 | 13,981 | 139,000 | 14,000 | 7,000 |
Repurchase of common stock | ||||||||||
18,569 | 3,650 | 90,457 | 66,371 | 129,455 | 139,105 | 83,607 | 4,994 | 1,922 | 53,764 | 25,356 |
Principal payments on debt and finance lease obligations | ||||||||||
705,763 | 232,227 | 138,858 | 154,080 | 67,930 | 168,794 | 22,656 | 9,321 | 21,151 | 31,671 | 25,918 |
Debt issuance costs | ||||||||||
33,333 | 1,666 | 3,349 | - | - | - | - | - | - | - | - |
Other financing activities | ||||||||||
3,408 | 9,202 | 2,970 | -594 | 1,312 | -1,690 | 589 | - | - | - | - |
Payments for deferred financing costs | ||||||||||
- | - | - | - | - | - | - | 308 | 2,411 | - | - |
Sale (purchase) of interest in subsidiary | ||||||||||
- | - | - | - | - | - | - | 150 | 0 | - | - |
Net cash provided by financing activities | ||||||||||
75,127 | -62,363 | 222,126 | 32,575 | -133,647 | 37,366 | 4,098 | -29,128 | 115,759 | -81,684 | -41,375 |
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||||||||||
40,874 | 25,272 | -5,719 | -21,112 | -2,498 | -8,101 | 8,154 | -61,183 | 37,447 | 23,054 | -6,914 |
Supplemental Cash Flow Information [Abstract] | ||||||||||
CASH PAYMENTS (RECEIPTS) FOR: | ||||||||||
Interest paid, net of amount capitalized | ||||||||||
65,152 | 52,323 | 35,998 | 26,454 | 26,307 | 19,270 | 8,710 | 8,638 | 6,592 | 2,496 | 4,292 |
Income tax payments (refunds) | ||||||||||
-2,200 | -41,600 | -18,000 | 110,612 | 111,399 | 55,501 | 53,220 | 37,937 | 23,507 | 36,986 | 36,952 |
Property capitalized under operating leases | ||||||||||
25,830 | 0 | 0 | - | - | - | - | - | - | - | - |
Flight equipment acquired under finance leases | ||||||||||
0 | 127,625 | 0 | 0 | - | - | - | - | - | - | - |
Non-cash transactions: | ||||||||||
Assets acquired in sale of ownership interest in subsidiary | ||||||||||
- | - | - | - | - | - | 530 | 1,225 | 0 | - | - |
Assets sold in acquisition of ownership interest in subsidiary | ||||||||||
- | - | - | - | - | - | -1,225 | 0 | 0 | - | - |
Deposits applied against flight equipment purchase | ||||||||||
- | - | - | - | - | - | - | 980 | 1,277 | - | - |
Long-term debt assumed for aircraft | ||||||||||
- | - | - | - | - | 141,960 | 0 | - | - | - | - |
Maintenance deposits applied against aircraft purchases | ||||||||||
- | - | - | - | - | - | - | - | - | 1,982 | - |
Common stock issued for software operating system | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,648 |
Notes payable issued for aircraft and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 14,000 | - |