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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CONSOLIDATED STATEMENTS OF CASH FLOWS    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 143,933 $ 34,544
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (455,990) (508,562)
Sales of marketable securities 383,163 608,058
Proceeds from the sale of aircraft, property and equipment 36,512  
Acquisition of property and equipment:    
Aircraft and rotable spare parts (220,916) (94,941)
Buildings and ground equipment (479) (3,460)
Aircraft deposits applied towards acquired aircraft 11,228  
Increase in other assets (2,425) (2,164)
NET CASH USED IN INVESTING ACTIVITIES (248,907) (1,069)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 157,983 68,232
Principal payments on long-term debt (88,104) (57,196)
Net proceeds from issuance of common stock 1,481 2,006
Purchase of treasury stock (13,671)  
Increase in debt issuance cost (1,452) (747)
Payment of cash dividends (2,588) (2,040)
NET CASH PROVIDED BY FINANCING ACTIVITIES 53,649 10,255
Decrease in cash and cash equivalents (51,325) 43,730
Cash and cash equivalents at beginning of period 146,766 203,035
CASH AND CASH EQUIVALENTS AT END OF PERIOD 95,441 246,765
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Acquisition of rotable spare parts 1,704  
Cash paid during the period for:    
Interest, net of capitalized amounts 24,039 16,547
Income taxes $ 478 $ 684