Southwest Airlines 1995 Annual Report Download - page 27

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27
CONSOLIDATED BALANCE SHEET
(in thousands except share and per share amounts) December 31,
1995 1994
ASSETS
Current assets:
Cash and cash equivalents $317,363 $174,538
Accounts receivable 79,781 75,692
Inventories of parts and supplies, at cost 41,032 37,565
Deferred income taxes (Note 11) 10,476 9,822
Prepaid expenses and other current assets 24,484 17,281
Total current assets 473,136 314,898
Property and equipment, at cost (Notes 4 and 7):
Flight equipment 3,024,702 2,564,551
Ground property and equipment 435,822 384,501
Deposits on flight equipment purchase contracts 323,864 393,749
3,784,388 3,342,801
Less allowance for depreciation 1,005,081 837,838
2,779,307 2,504,963
Other assets 3,679 3,210
$3,256,122 $2,823,071
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $117,473 $117,599
Accrued liabilities (Note 5) 348,476 288,979
Air traffic liability 131,156 106,139
Current maturities of long-term debt 13,516 9,553
Total current liabilities 610,621 522,270
Long-term debt less current maturities (Note 6) 661,010 583,071
Deferred income taxes (Note 11) 281,650 232,850
Deferred gains from sale and leaseback of aircraft 245,154 217,677
Other deferred liabilities 30,369 28,497
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;
144,033,273 shares issued and outstanding in 1995 and
143,255,795 shares in 1994
144,033 143,256
Capital in excess of par value 162,704 151,746
Retained earnings 1,120,581 943,704
Total stockholders’ equity 1,427,318 1,238,706
$3,256,122 $2,823,071