Southwest Airlines 2000 Annual Report Download - page 26

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SOUTHWEST AIRLINES CO.
CONSOLIDATED BALANCE SHEET
DECEMBER 31,
(In thousands except per share amounts)2000 1999
ASSETS
Current assets: $ 522,995 $ 418,819
Cash and cash equivalents 138,070 75,038
Accounts and other receivables (Note 7) 80,564 65,152
Inventories of parts and supplies, at cost 28,005 20,929
Deferred income taxes (Note 11) 61,902 52,657
Prepaid expenses and other current assets 831,536 632,595
Total current assets
Property and equipment, at cost (Notes 3, 5, and 6): 6,831,913 5,768,506
Flight equipment 800,718 742,230
Ground property and equipment 335,164 338,229
Deposits on flight equipment purchase contracts 7,967,795 6,848,965
2,148,070 1,840,799
Less allowance for depreciation 5,819,725 5,008,166
18,311 12,942
Other assets $6,669,572 $5,653,703
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 312,716 $ 266,735
Accrued liabilities (Note 4) 499,874 430,506
Air traffic liability 377,061 256,942
Current maturities of long-term debt (Note 5) 108,752 7,873
Total current liabilities 1,298,403 962,056
Long-term debt less current maturities (Note 5) 760,992 871,717
Deferred income taxes (Note 11) 852,865 692,342
Deferred gains from sale and leaseback of aircraft 207,522 222,700
Other deferred liabilities 98,470 69,100
Commitments and contingencies (Notes 3, 6, and 11)
Stockholders’ equity (Notes 8 and 9):
Common stock, $1.00 par value: 1,300,000 shares authorized;
507,897 and 505,005 shares issued in 2000 and 1999, respectively 507,897 505,005
Capital in excess of par value 103,780 35,436
Retained earnings 2,902,007 2,385,854
Treasury stock, at cost: 3,735 and 5,579 shares in
2000 and 1999, respectively (62,364) (90,507)
Total stockholders’ equity 3,451,320 2,835,788
$6,669,572 $5,653,703
See accompanying notes.
F8