Airtran 2010 Annual Report Download - page 74

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AirTran Holdings, Inc.
Consolidated Statements of Cash Flows
(In thousands)
Year ended December 31,
2010 2009 2008
Operating activities:
Net income (loss) $ 38,543 $ 134,662 $(266,334)
Adjustments to reconcile net income (loss) to net cash provided by (used for)
operating activities:
Depreciation and amortization 67,889 68,363 65,412
Amortization of deferred gains from sales/leaseback of aircraft (5,255) (5,193) (4,668)
Amortization of debt discount 3,632 7,258 7,399
Provisions for uncollectible accounts 653 573 1,264
Deferred income taxes 21,301 677 (34,416)
Impairment of goodwill • • 8,350
(Gain) loss on asset dispositions 1,061 (2,914) (19,184)
Gain on debt extinguishment • (4,278) •
Other 6,393 2,750 10,659
Changes in certain operating assets and liabilities:
Restricted cash 3,231 33,736 (44,326)
Derivative financial instruments 2,611 (104,894) 66,027
Accounts receivable (9,921) 8,711 5,157
Spare parts, materials, and supplies (4,617) (1,463) (1,625)
Prepaid and stored fuel 7,999 (18,334) 16,656
Deposits held by counterparties to derivative financial instruments (3,570) 48,820 (48,820)
Prepaid aircraft rent 8,601 2,650 (6,408)
Other assets (17,060) (5,733) (4,507)
Accounts payable, accrued and other liabilities 14,215 (21,994) 37,331
Air traffic liability 25,054 (25,164) 32,132
Net cash provided by (used for) operating activities 160,760 118,233 (179,901)
Investing activities:
Purchase of available-for-sale securities • • (30,303)
Sale of available-for-sale securities 1,696 27,116 118,986
Purchases of property and equipment (23,177) (90,877) (136,427)
Return (payment) of aircraft purchase deposits, net (2,756) 14,312 55,785
Proceeds from sale of aircraft • • 305,965
Other • 2,225 14,650
Net cash provided by (used for) investing activities (24,237) (47,224) 328,656
Financing activities:
Issuance of long-term debt 51,837 160,916 107,577
Payments on long-term debt and capital lease obligations (202,894) (95,774) (317,153)
Borrowings under revolving line of credit facility 50,000 1,050,000 377,000
Repayment of borrowings under revolving line of credit facility (125,000) (1,015,000) (287,000)
Net proceeds from issuance of common stock • 54,805 74,669
Proceeds from issuance of stock for exercise of options, and under employee stock
purchase plan 1,525 1,708 3,902
Other (645) (123) 455
Net cash provided by (used for) financing activities (225,177) 156,532 (40,550)
Net change in cash and cash equivalents (88,654) 227,541 108,205
Cash and cash equivalents at beginning of year 542,619 315,078 206,873
Cash and cash equivalents at end of year $ 453,965 $ 542,619 $ 315,078
See accompanying notes to Consolidated Financial Statements.
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