SkyWest Airlines 2009 Annual Report Download - page 63
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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2009 2008
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 148,571 $ 129,783
Accounts payable .......................................... 165,825 110,902
Accrued salaries, wages and benefits ............................ 67,377 66,553
Accrued aircraft rents ...................................... 17,661 25,676
Taxes other than income taxes ................................ 17,476 16,651
Other current liabilities ..................................... 32,925 37,039
Total current liabilities .................................... 449,835 386,604
OTHER LONG TERM LIABILITIES ............................ 38,540 41,525
LONG TERM DEBT, net of current maturities ..................... 1,816,318 1,681,705
DEFERRED INCOME TAXES PAYABLE ........................ 536,540 507,113
DEFERRED AIRCRAFT CREDITS ............................. 117,350 121,823
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized; none issued ............. — —
Common stock, no par value, 120,000,000 shares authorized; 74,626,660
and 73,520,292 shares issued, respectively ....................... 578,153 562,395
Retained earnings ......................................... 1,052,375 977,736
Treasury stock, at cost, 19,017,645 and 17,150,580 shares, respectively .... (279,619) (261,174)
Accumulated other comprehensive income (loss) (Note 1) ............ 1,310 (3,436)
Total stockholders’ equity .................................. 1,352,219 1,275,521
Total liabilities and stockholders’ equity ........................ $4,310,802 $4,014,291
See accompanying notes to consolidated financial statements.
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