SkyWest Airlines 2002 Annual Report Download - page 34

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2002 2001
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 12,532 $ 12,151
Accounts payable .......................................... 39,591 36,278
Accrued salaries, wages and benefits ............................ 26,744 20,932
Accrued aircraft rents ...................................... 28,297 19,960
Engine overhaul accrual ..................................... — 14,081
Taxes other than income taxes ................................ 5,021 3,845
Other current liabilities ..................................... 9,203 8,491
Total current liabilities .................................... 121,388 115,738
LONG-TERM DEBT, net of current maturities ...................... 125,379 113,688
DEFERRED INCOME TAXES PAYABLE ........................ 63,379 41,173
DEFERRED AIRCRAFT CREDITS ............................. 27,758 15,127
MAINTENANCE CONTRACT LIABILITY ....................... 22,794 —
COMMITMENTS AND CONTINGENCIES (Note 4) ................
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized; none issued ............. — —
Common stock, no par value, 120,000,000 shares authorized; 63,334,901
and 62,723,510 shares issued, respectively ....................... 320,085 309,691
Retained earnings ......................................... 340,308 258,024
Treasury stock, at cost, 5,898,400 shares .......................... (20,285) (20,285)
Accumulated other comprehensive loss (Note 1) ................... (1,422) (1,590)
Total stockholders’ equity .................................. 638,686 545,840
Total liabilities and stockholders’ equity ........................ $999,384 $831,566
See accompanying notes to consolidated financial statements.
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