SkyWest Airlines 2010 Annual Report Download - page 70
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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2010 2009
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 159,039 $ 148,571
Accounts payable .......................................... 206,490 165,825
Accrued salaries, wages and benefits ............................ 112,728 67,377
Accrued aircraft rents ...................................... 16,780 17,661
Taxes other than income taxes ................................ 25,146 17,476
Other current liabilities ..................................... 42,457 32,925
Total current liabilities .................................... 562,640 449,835
OTHER LONG TERM LIABILITIES ............................ 46,325 38,540
LONG TERM DEBT, net of current maturities ..................... 1,738,936 1,816,318
DEFERRED INCOME TAXES PAYABLE ........................ 569,847 536,540
DEFERRED AIRCRAFT CREDITS ............................. 107,839 117,350
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY:
Preferred stock, 5,000,000 shares authorized; none issued ............. — —
Common stock, no par value, 120,000,000 shares authorized; 75,244,553
and 74,626,660 shares issued, respectively ....................... 589,610 578,153
Retained earnings ......................................... 1,139,739 1,052,375
Treasury stock, at cost, 21,071,582 and 19,017,645 shares, respectively .... (309,628) (279,619)
Accumulated other comprehensive income (Note 1) ................. 1,202 1,310
Total stockholders’ equity .................................. 1,420,923 1,352,219
Total liabilities and stockholders’ equity ........................ 4,446,510 $4,310,802
See accompanying notes to consolidated financial statements.
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