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v3.25.1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended
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Mar. 31, 2025 | Mar. 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |  |
NET CASH PROVIDED BY OPERATING ACTIVITIES | $ 171,023 | $ 157,648
CASH FLOWS FROM INVESTING ACTIVITIES: |  |
Purchases of marketable securities | (349,334) | (337,694)
Sales of marketable securities | 351,614 | 383,282
Acquisition of property and equipment: |  |
Aircraft and rotable spare parts | (64,857) | (33,525)
Buildings and ground equipment | (8,453) | (4,250)
Proceeds from the sale of property and equipment | 118 | 2,212
Deposits on aircraft | (5,140) |
Decrease (increase) in other assets, net | 9,943 | (10,579)
NET CASH USED IN INVESTING ACTIVITIES | (66,109) | (554)
CASH FLOWS FROM FINANCING ACTIVITIES: |  |
Principal payments on long-term debt | (113,672) | (111,158)
Net proceeds from issuance of common stock | 1,293 | 1,446
Employee income tax paid on vested equity awards | (27,242) | (6,930)
Purchase of treasury stock | (13,682) | (8,750)
NET CASH USED IN FINANCING ACTIVITIES | (153,303) | (125,392)
Increase (decrease) in cash and cash equivalents | (48,389) | 31,702
Cash and cash equivalents at beginning of period | 227,362 | 148,277
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 178,973 | 179,979
Non-cash investing and financing activities: |  |
Acquisition of property and equipment | 45,606 | 6,575
Cash paid (refunded) during the period for: |  |
Interest, net of capitalized amounts | 27,637 | 30,362
Income taxes, net of refunds | $ (18) | $ 42

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