SkyWest Airlines 2003 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2003 SkyWest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 63

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63

SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
December 31, December 31,
2003
CURRENT LIABILITIES:
Current maturities of long-term debt $ 30,877 $ 12,532
46,458 39,591
Accrued salaries, wages and benefits 26,744
Accrued aircraft rents 28,471
Taxes other than income taxes 5,572 5,021
Other current liabilities 13,510
Total current liabilities 151,959
LONG-TERM DEBT, net of current maturities 462,773
DEFERRED INCOME TAXES PAYABLE 154,906
DEFERRED AIRCRAFT CREDITS 50,509
MAINTENANCE CONTRACT LIABILITY
LIABILITIES AND STOCKHOLDERS’ EQUITY
2002
Accounts payable
27,071
28,297
9,203
121,388
125,379
63,379
27,758
— 22,794
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized; none issued — —
Common stock, no par value, 120,000,000 shares
authorized; 63,892,066 and 63,334,901 shares issued, respectively 327,028 320,085
Retained earnings 402,469 340,308
Treasury stock, at cost, 5,898,400 shares (20,285) (20,285)
Accumulated other comprehensive loss (Note 1) (149) (1,422)
Total Stockholders’ Equity 709,063 638,686
Total liabilities and stockholders’ equity $ 1,529,210 $ 999,384
See accompanying notes to consolidated financial statements.
30