SkyWest Airlines 2015 Annual Report Download - page 62
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58
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
December 31, December 31,
2015 2014
CURRENT LIABILITIES:
Current maturities of long-term debt .................................. $ 272,027 $ 211,821
Accounts payable ................................................. 279,864 270,097
Accrued salaries, wages and benefits ................................. 138,291 138,902
Accrued aircraft rents .............................................. 3,226 3,303
Taxes other than income taxes ....................................... 17,176 17,457
Other current liabilities ............................................ 40,802 42,775
Total current liabilities ............................................ 751,386 684,355
OTHER LONG TERM LIABILITIES .................................. 56,191 49,625
LONG TERM DEBT, net of current maturities . . . . . . . . . . . ................ 1,676,776 1,533,990
DEFERRED INCOME TAXES PAYABLE .............................. 749,575 669,385
DEFERRED AIRCRAFT CREDITS .................................... 62,523 72,227
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; 79,020,371 and
77,951,411 shares issued, respectively ................................ 641,643 626,521
Retained earnings ................................................. 1,275,142 1,165,478
Treasury stock, at cost, 28,015,386 and 26,765,386 shares, respectively . . . . (410,090) (391,364)
Accumulated other comprehensive income (loss) ....................... (260) (289)
Total stockholders’ equity ......................................... 1,506,435 1,400,346
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . ............ $ 4,802,886 $ 4,409,928
See accompanying notes to consolidated financial statements.