Frontier Airlines 2008 Annual Report Download - page 61

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2008 AND 2007
(In thousands, except share and per share amounts)
2008 2007
ASSETS
Current Assets:
Cash and cash equivalents $ 129,656 $ 164,004
Receivables—net of allowance for doubtful accounts of $2,054 and $897, respectively 25,303 27,585
Inventories—net 51,885 43,424
Prepaid expenses and other current assets 17,924 9,928
Notes receivable—net of allowance of $1,500 54,394 —
Assets held for sale 82,959 —
Restricted cash 1,209 1,226
Deferred income taxes 7,406 7,510
Total current assets 370,736 253,677
Aircraft and other equipment—net 2,692,410 2,308,726
Intangible and other assets—net 160,097 197,340
Goodwill 13,335 13,335
Total $ 3,236,578 $ 2,773,078
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current portion of long-term debt $ 196,301 $ 131,700
Accounts payable 33,042 35,201
Accrued liabilities 126,742 109,792
Total current liabilities 356,085 276,693
Long-term debt—less current portion 2,081,544 1,781,880
Deferred credits and other non current liabilities 89,182 104,115
Deferred income taxes 233,828 184,304
Total liabilities 2,760,639 2,346,992
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; 150,000,000 shares authorized; 43,781,116
and 43,474,466 shares issued and 34,448,683 and 36,407,572 shares outstanding, respectively 44 43
Additional paid-in capital 297,376 293,127
Treasury stock, at cost, 9,332,433 and 7,066,894 shares, respectively (181,820) (142,411)
Accumulated other comprehensive loss (2,577) (3,009)
Accumulated earnings 362,916 278,336
Total stockholders' equity 475,939 426,086
Total $ 3,236,578 $ 2,773,078
See accompanying notes to consolidated financial statements.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 16, 2009 Powered by Morningstar® Document Research℠