SkyWest Airlines 2006 Annual Report Download - page 53

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS(Continued)
(Dollars in thousands)
See accompanying notes to consolidatedfinancial statements.
47
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2006 2005
CURRENTLIABILITIES:
Currentmaturities of long-termdebt ...............................$108,505 $331,145
Accounts payable................................................156,831 95,283
Line of credit ................................................... —60,000
Accruedsalaries, wages andbenefits ............................... 64,45153,105
Accruedaircraft rents............................................ 24,07326,279
Taxes otherthan income taxes. .................................... 16,88218,224
Othercurrentliabilities. .......................................... 37,68931,881
Total current liabilities...........................................408,431 615,917
OTHERLONG TERM LIABILITIES. .............................. 35,40533,829
LONG TERM LINEOF CREDIT .................................. —30,000
LONGTERM DEBT, net of current maturities.......................1,675,626 1,422,758
DEFERRED INCOME TAXES PAYABLE .........................327,384 225,068
DEFERRED AIRCRAFT CREDITS. ...............................106,280 79,876
COMMITMENTS AND CONTINGENCES (Note 5)
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized;noneissued............. ——
Common stock, no par value, 120,000,000shares authorized;
70,752,674 and65,509,631 shares issued, respectively ...............491,405 364,535
Retained earnings ...............................................720,784 582,620
Treasurystock, at cost,6,794,056 shares ............................ (32,551) (32,551)
Accumulated other comprehensive loss(Note 1).....................(1,345) (1,406)
TotalStockholders’ Equity......................................1,178,293 913,198
Totalliabilities and stockholders’ equity..........................$3,731,419 $3,320,646