Frontier Airlines 2004 Annual Report Download - page 48

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REPUBLIC AIRWAYS HOLDINGS INC.
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2004 AND 2003
(In thousands, except share and per share amounts)
See accompanying notes to consolidated financial statements.
2004
2003
ASSETS
Current Assets:
Cash and cash equivalents
$
46,220
$
21,535
Receivables
—
net of allowance for doubtful accounts of $3,869 and $819, respectively
6,362
10,574
Inventories
17,540
10,937
Prepaid expenses and other current assets
4,513
3,880
Restricted cash
1,203
1,205
Deferred income taxes
6,986
10,633
Total current assets
82,824
58,764
Aircraft and other equipment
—
net
983,181
547,717
Other assets
88,768
42,105
Goodwill
13,335
13,335
Total
$
1,168,108
$
661,921
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current portion of long
-
term debt
$
46,420
$
24,667
Subordinated notes payable to affiliate
20,392
Accounts payable
9,476
7,061
Accounts payable
—
affiliated company
1,013
Fair value of interest rate hedge
4,012
Accrued liabilities
51,033
43,288
Total current liabilities
110,941
96,421
Long
-
term debt
—
less current portion
803,766
437,608
Deferred credits
19,847
19,542
Deferred income taxes
63,585
42,595
Total liabilities
998,139
596,166
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $.001 par value; one vote per share; 75,000,000 shares authorized; 20,000,000 and 25,558,756 shares issued and
outstanding, respectively
26
20
Additional paid
-
in capital
68,368
8,270
Warrants
8,574
5,067
Accumulated other comprehensive loss
(4,168
)
Accumulated earnings
97,169
52,398
Total stockholders' equity
169,969
65,755
Total
$
1,168,108
$
661,921
38