SkyWest Airlines 2005 Annual Report Download - page 47

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43
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2005 2004
CURRENT LIABILITIES:
Current maturities of long-term debt $ 331,145 $ 32,585
Accounts payable 95,283 57,130
Line of credit 60,000 —
Accrued salaries, wages and benefits 53,105 30,094
Accrued aircraft rents 26,279 30,320
Taxes other than income taxes 18,224 8,465
Other current liabilities 31,881 11,873
Total current liabilities 615,917 170,467
OTHER LONG TERM LIABILITIES 33,829 5,364
LONG TERM LINE OF CREDIT 30,000 —
LONG-TERM DEBT, net of current maturities 1,422,758 463,233
DEFERRED INCOME TAXES PAYABLE 225,068 189,215
DEFERRED AIRCRAFT CREDITS 79,876 54,953
COMMITMENTS AND CONTINGENCES (Note 4) — —
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized; none issued — —
Common stock, no par value, 120,000,000 shares
authorized; 65,509,631and 64,442,958 shares issued, respectively 364,535 335,241
Retained earnings 582,620 477,424
Treasury stock, at cost, 6,794,056 shares (32,551) (32,551)
Accumulated other comprehensive loss (Note 1) (1,406) (1,059)
Total Stockholders’ Equity 913,198 779,055
Total liabilities and stockholders’ equity $ 3,320,646 $ 1,662,287
See accompanying notes to consolidated financial statements.