SkyWest Airlines 2011 Annual Report Download - page 68
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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2011 2010
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 208,398 $ 159,039
Accounts payable .......................................... 220,784 216,128
Accrued salaries, wages and benefits ............................ 112,987 112,728
Accrued aircraft rents ...................................... 22,285 16,780
Taxes other than income taxes ................................ 21,186 25,146
Other current liabilities ..................................... 38,508 42,457
Total current liabilities .................................... 624,148 572,278
OTHER LONG TERM LIABILITIES ............................ 50,194 46,325
LONG TERM DEBT, net of current maturities ..................... 1,606,993 1,738,936
DEFERRED INCOME TAXES PAYABLE ........................ 567,874 569,847
DEFERRED AIRCRAFT CREDITS ............................. 98,438 107,839
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; 75,833,696
and 75,244,553 shares issued, respectively ....................... 598,985 589,610
Retained earnings ......................................... 1,104,144 1,139,739
Treasury stock, at cost, 25,221,481 and 21,071,582 shares, respectively .... (370,309) (309,628)
Accumulated other comprehensive income (Note 1) ................. 1,441 1,202
Total stockholders’ equity .................................. 1,334,261 1,420,923
Total liabilities and stockholders’ equity ........................ 4,281,908 4,456,148
See accompanying notes to consolidated financial statements.
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