SkyWest Airlines 2012 Annual Report Download - page 72
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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2012 2011
CURRENT LIABILITIES:
Current maturities of long-term debt ............................ $ 171,454 $ 208,398
Accounts payable .......................................... 222,671 220,784
Accrued salaries, wages and benefits ............................ 121,352 112,987
Accrued aircraft rents ...................................... 12,745 22,285
Taxes other than income taxes ................................ 22,353 21,186
Income tax payable ........................................ 1,255 —
Other current liabilities ..................................... 39,595 38,508
Total current liabilities .................................... 591,425 624,148
OTHER LONG TERM LIABILITIES ............................ 57,422 50,194
LONG TERM DEBT, net of current maturities ..................... 1,470,568 1,606,993
DEFERRED INCOME TAXES PAYABLE ........................ 657,620 567,874
DEFERRED AIRCRAFT CREDITS ............................. 90,427 98,438
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; 76,713,154
and 75,833,696 shares issued, respectively ....................... 609,763 598,985
Retained earnings ......................................... 1,147,117 1,104,144
Treasury stock, at cost, 25,280,364 and 25,221,481 shares, respectively .... (371,211) (370,309)
Accumulated other comprehensive income (Note 1) ................. 1,506 1,441
Total stockholders’ equity .................................. 1,387,175 1,334,261
Total liabilities and stockholders’ equity ........................ 4,254,637 4,281,908
See accompanying notes to consolidated financial statements.
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