SkyWest Airlines 2002 Annual Report Download - page 33

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
ASSETS
December 31, December 31,
2002 2001
CURRENT ASSETS:
Cash and cash equivalents ................................... $130,960 $ 42,692
Marketable securities ....................................... 294,464 268,022
Receivables, net ........................................... 26,341 20,112
Inventories .............................................. 27,033 23,283
Prepaid aircraft rents ....................................... 20,376 14,468
Other current assets ........................................ 14,059 17,979
Total current assets ....................................... 513,233 386,556
PROPERTY AND EQUIPMENT:
Aircraft and rotable spares ................................... 471,033 397,269
Deposits on aircraft ........................................ 111,351 115,892
Buildings and ground equipment ............................... 77,206 84,231
659,590 597,392
Less-accumulated depreciation and amortization ................... (203,592) (155,686)
Total property and equipment, net ............................ 455,998 441,706
MAINTENANCE CONTRACT ASSET ........................... 22,794 —
OTHER ASSETS ........................................... 7,359 3,304
Total assets .............................................. $999,384 $ 831,566
See accompanying notes to consolidated financial statements.
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