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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified | 9 Months Ended
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Sep. 30, 2014 | Sep. 30, 2013
CONSOLIDATED STATEMENTS OF CASH FLOWS |  |
NET CASH PROVIDED BY OPERATING ACTIVITIES | $ 186,369 | $ 251,406
CASH FLOWS FROM INVESTING ACTIVITIES: |  |
Purchases of marketable securities | (198,690) | (328,442)
Sales of marketable securities | 293,056 | 443,950
Proceeds from the sale of equipment | 3,468 | 270
Proceeds received from sale of Trip Linhas Aereas stock | 17,237 | 16,658
Acquisition of property and equipment: |  |
Aircraft and rotable spare parts | (479,451) | (70,246)
Deposits on aircraft |  | (35,629)
Buildings and ground equipment | (16,017) | (8,847)
Decrease (Increase) in other assets | (12,218) | (3,710)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (392,615) | 14,004
CASH FLOWS FROM FINANCING ACTIVITIES: |  |
Proceeds from issuance of long-term debt | 323,665 |
Principal payments on long-term debt | (124,660) | (117,850)
Tax benefit (deficiency) from exercise of common stock options | (1,245) | (150)
Net proceeds from issuance of common stock | 3,831 | 4,510
Purchase of treasury stock | (8,414) | (11,739)
Payment of cash dividends | (6,174) | (6,207)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 187,003 | (131,436)
Increase in cash and cash equivalents | (19,243) | 133,974
Cash and cash equivalents at beginning of period | 170,636 | 133,772
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 151,393 | 267,746
Cash paid (received) during the year for: |  |
Interest, net of capitalized amounts | 46,757 | 50,479
Income taxes | $ 485 | $ 2,509

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3044-108585 + Details
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