Spirit Airlines 2012 Annual Report Download - page 62

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Spirit Airlines, Inc.
Balance Sheets
(In thousands, except share data)
See accompanying Notes to Financial Statements.
61
December 31, 2012
December 31, 2011
Assets
Current assets:
Cash and cash equivalents
$
416,816
$
343,328
Accounts receivable, net
22,740
15,425
Deferred income taxes
12,591
20,738
Other current assets
95,210
63,217
Total current assets
547,357
442,708
Property and equipment:
Flight equipment
2,648
4,182
Ground and other equipment
43,580
46,608
Less accumulated depreciation
(17,825
)
(27,580
)
28,403
23,210
Deposits on flight equipment purchase contracts
96,692
91,450
Aircraft maintenance deposits
122,379
120,615
Deferred heavy maintenance and other long-term assets
125,053
67,830
Total assets
$
919,884
$
745,813
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable
$
24,166
$
15,928
Air traffic liability
131,414
112,280
Other current liabilities
121,314
98,856
Total current liabilities
276,894
227,064
Long-term deferred income taxes
33,216
12,108
Deferred credits and other long-term liabilities
27,239
39,935
Shareholders’ equity:
Common stock: Common stock, $.0001 par value, 240,000,000 shares authorized at December 31, 2012 and
2011, respectively; 70,861,822 and 61,954,576 issued and 70,801,782 and 61,946,361 outstanding as of
December 31, 2012 and 2011, respectively
6
6
Common stock: Non-Voting common stock: $.0001 par value, 50,000,000 shares authorized at December 31,
2012 and 2011, respectively; 1,669,205 and 10,576,180 issued and outstanding as of December 31, 2012 and
2011, respectively
1
1
Additional paid-in-capital
504,527
496,136
Treasury stock, at cost: 60,040 and 8,215 as of December 31, 2012 and 2011, respectively
(1,151
)
(129
)
Retained earnings (deficit)
79,152
(29,308
)
Total shareholders’ equity
582,535
466,706
Total liabilities and shareholders’ equity
$
919,884
$
745,813