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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF CASH FLOWS    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 532,289 $ 399,318
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (1,002,624) (2,160,567)
Sales of marketable securities 843,509 1,941,209
Proceeds from the sale of aircraft, property and equipment 51,079 1,848
Acquisition of property and equipment:    
Aircraft and rotable spare parts (563,524) (619,805)
Deposits on aircraft (46,733)  
Buildings and ground equipment (8,275) (11,256)
Aircraft deposits applied towards acquired aircraft, net 36,533  
Increase in other assets (5,019) (2,156)
NET CASH USED IN INVESTING ACTIVITIES (695,054) (850,727)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 384,825 497,510
Principal payments on long-term debt (245,745) (198,394)
Net proceeds from issuance of common stock 3,447 10,214
Purchase of treasury stock and cash tax withholding on shares issued (14,330)  
Increase in debt issuance cost (3,245) (4,520)
Payment of cash dividends (10,868) (6,669)
NET CASH PROVIDED BY FINANCING ACTIVITIES 114,084 298,141
Decrease in cash and cash equivalents (48,681) (153,268)
Cash and cash equivalents at beginning of period 146,766 203,035
CASH AND CASH EQUIVALENTS AT END OF PERIOD 98,085 49,767
Cash paid during the period for:    
Interest, net of capitalized amounts 77,915 54,314
Income taxes $ 2,354 $ 944