SkyWest Airlines 2003 Annual Report Download - page 32

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
ASSETS
December 31,
2003
December 31,
2002
CURRENT ASSETS:
Cash and cash equivalents $ 112,407 $ 130,960
Marketable securities 358,827 294,464
Restricted cash 9,160 -
Income tax receivable 62,908 -
Receivables, net 12,192 26,341
Inventories 26,080 27,033
Prepaid aircraft rents 52,958 20,376
Other current assets 35,836 14,059
Total current assets 670,368 513,233
PROPERTY AND EQUIPMENT:
Aircraft and rotable spares 968,581 471,033
Deposits on aircraft 58,500 111,351
Buildings and ground equipment 81,351 77,206
1,108,432 659,590
Less-accumulated depreciation and amortization (264,514) (203,592)
Total property and equipment, net 843,918 455,998
MAINTENANCE CONTRACT ASSET — 22,794
OTHER ASSETS 14,924 7,359
Total assets $ 1,529,210 $ 999,384
See accompanying notes to consolidated financial statements.
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