SkyWest Airlines 2007 Annual Report Download - page 41

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40
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
ASSETS
December 31,
2007
December 31,
2006
CURRENT ASSETS:
Cash and cash equivalents ............................................................................................................... $122,802 $415,454
Marketable securities ....................................................................................................................... 522,925 220,076
Restricted cash ................................................................................................................................. 14,705 16,409
Income tax receivable ...................................................................................................................... 23,114 1,819
Receivables, net ............................................................................................................................... 81,216 29,431
Inventories, net................................................................................................................................. 105,738 85,160
Prepaid aircraft rents........................................................................................................................ 223,891 223,320
Deferred tax assets ........................................................................................................................... 70,523 58,134
Other current assets.......................................................................................................................... 45,225 45,651
Total current assets........................................................................................................................ 1,210,139 1,095,454
PROPERTY AND EQUIPMENT:
Aircraft and rotable spares ............................................................................................................... 3,146,602 2,931,990
Deposits on aircraft.......................................................................................................................... 23,848 3,219
Buildings and ground equipment ..................................................................................................... 215,466 189,096
3,385,916 3,124,305
Less-accumulated depreciation and amortization ............................................................................ (685,327) (565,852)
Total property and equipment, net ................................................................................................ 2,700,589 2,558,453
OTHER ASSETS
Intangible assets, net ..................................................................................................................... 28,498 30,748
Other assets ................................................................................................................................... 51,299 46,764
Total other assets........................................................................................................................... 79,797 77,512
Total assets.................................................................................................................................... $3,990,525 $3,731,419
See accompanying notes to consolidated financial statements.