SkyWest Airlines 2008 Annual Report Download - page 59
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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2008 2007
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 129,783 $ 118,202
Accounts payable .......................................... 110,902 133,728
Accrued salaries, wages and benefits ............................ 66,553 67,242
Accrued aircraft rents ...................................... 25,676 26,516
Taxes other than income taxes ................................ 16,651 12,433
Other current liabilities ..................................... 37,039 40,098
Total current liabilities .................................... 386,604 398,219
OTHER LONG TERM LIABILITIES ............................ 41,525 40,355
LONG TERM DEBT, net of current maturities ..................... 1,681,705 1,732,748
DEFERRED INCOME TAXES PAYABLE ........................ 507,113 445,993
DEFERRED AIRCRAFT CREDITS ............................. 121,823 127,203
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; 73,520,292
and 72,272,671 shares issued, respectively ....................... 562,395 533,545
Retained earnings ......................................... 977,736 871,874
Treasury stock, at cost, 17,150,580 and 11,794,056 shares, respectively .... (261,174) (158,542)
Accumulated other comprehensive loss (Note 1) ................... (3,436) (870)
Total stockholders’ equity .................................. 1,275,521 1,246,007
Total liabilities and stockholders’ equity ........................ $4,014,291 $3,990,525
See accompanying notes to consolidated financial statements.
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