Frontier Airlines 2007 Annual Report Download - page 42

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The following represents a reconciliation of EBITDA to net cash from operating activities for the periods indicated:
Years Ended December 31,
2007 2006 2005 2004 2003
(in thousands)
EBITDA $ 347,885 $ 314,765 $ 228,597 $ 126,275 $ 106,779
Interest expense (107,323) (91,128) (63,546) (28,464) (22,789)
Debt issue costs and other amortization 6,764 4,551 2,776 1,928 1,968
Warrant amortization 102 565 372 800 359
Loss (gain) on aircraft and other equipment
disposals 255 (118) (276) 1,151 1,079
Impairment loss and accrued aircraft return costs
(credits) — (2,050) (4,218) 1,441 2,756
Amortization of deferred credits (1,761) (1,438) (1,346) (1,285) (1,249)
Stock compensation expense 3,119 1,297 125 214 214
Current income tax expense (120) (495) (1,915) (520) (237)
Changes in certain assets and liabilities:
Receivables (7,944) (2,939) (10,323) 10,480 (7,124)
Inventories (11,419) (11,448) 1,276 (2,683) (2)
Prepaid expenses and other current assets 1,554 1,474 (4,907) (1,022) 1,057
Accounts payable 11,299 10,546 1,152 1,963 (4,405)
Accrued liabilities 4,022 16,826 28,980 11,370 14,937
Deferred revenue (Delta pre-petition claim) 44,590 — — — —
Other assets (10,533) (11,261) (5,868) (4,821) (1,716)
Net cash from operating activities $ 280,490 $ 229,147 $ 170,879 $ 116,827 $ 91,627
(10) Excludes two Saab 340 aircraft held for sale at December 31, 2003, one as of December 31, 2004, five as of December 31, 2005.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 21, 2008 Powered by Morningstar® Document Research℠