Southwest Airlines 1994 Annual Report Download - page 23

Consolidated Balance Sheet
Southwest Airlines – 1994 Annual Report Page 23
Consolidated Balance Sheet
Assets Dec 31, 1994 Dec 31, 1993
Current assets:
Cash and cash equivalents $ 174,538 $ 295,571
Accounts receivable 75,692 70,484
Inventories of parts and supplies, at cost 37,565 31,707
Deferred income taxes (Note 11) 9,822 10,475
Prepaid expenses and other current assets 17,281 23,787
Total current assets 314,898 432,024
Property and equipment, at cost (Notes 3, 4, and 7):
Flight equipment 2,564,551 2,257,809
Ground property and equipment 384,501 329,605
Deposits on flight equipment purchase contracts 393,749 242,230
3,342,801 2,829,644
Less allowance for depreciation 837,838 688,280
2,504,963 2,141,364
Other assets 3,210 2,649
$2,823,071 $2,576,037
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $117,599 $94,040
Accrued liabilities (Note 5) 288,979 265,333
Air traffic liability 106,139 96,146
Income taxes payable 7,025
Current maturities of long-term debt 9,553 16,068
Total current liabilities 522,270 478,612
Long-term debt less current maturities (Note 6) 583,071 639,136
Deferred income taxes (Note 11) 232,850 183,616
Deferred gains from sale and leaseback of aircraft 217,677 199,362
Other deferred liabilities 28,497 21,292
Commitments and contingencies (Notes 4, 7, and 11)
Stockholders' equity (Notes 8 and 9):
Common stock, $1.00 par value: 500,000,000 shares
authorized; 143,255,795 shares issued and outstanding in
1994 and 142,756,308 shares in 1993
143,256 142,756
Capital in excess of par value 151,746 141,168
Retained earnings 943,704 770,095
Total stockholders' equity 1,238,706 1,054,019
$2,823,071 $2,576,037
In thousands except share and per share amounts.