SNCY · As filed with the SEC

Sun Country Airlines Holdings balance sheet, by fiscal year

The statement as Sun Country Airlines Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020
ASSETS
Current Assets:
Cash and Cash Equivalents	144,684	83,219	46,279	92,086	309,338	62,028
Restricted Cash	21,357	17,252	17,401	10,842	8,447	8,335
Investments	89,629	104,053	141,127	178,936	6,283	5,624
Accounts Receivable, net of an allowance for credit losses of $408 and $617, respectively	53,722	35,296	38,166	35,124	30,156	28,690
Short-term Lessor Maintenance Deposits	22,738	521	1,046	1,241	5,505	3,101
Inventory, net of a reserve for obsolescence of $1,214 and $784, respectively	11,844	10,467	7,793	7,659	5,405	5,407
Prepaid Expenses	17,667	13,837	15,823	11,423	8,511	8,002
Other Current Assets	6,575	1,939	3,716	8,179	1,798	5,553
Total Current Assets	368,216	266,584	271,351	345,490	375,443	126,740
Property & Equipment, net:
Property and Equipment	—	—	—	—	688,624	479,580
Aircraft and Flight Equipment	861,100	775,210	685,559	636,584	440,356	331,685
Aircraft and Flight Equipment Held for Operating Lease	62,923	124,383	154,185	—	—	—
Leasehold Improvements, Aircraft, Other	50,765	46,550	39,847	35,948	20,876	13,526
Computer Hardware and Software	24,926	22,436	17,875	10,831	8,785	7,845
Finance leases	—	—	—	—	209,457,000	117,833,000
Rotable Parts	31,676	26,626	19,848	17,059	9,150	8,691
Finance Lease Assets	309,877	309,877	304,384	261,991	—	—
Total Property & Equipment	1,341,267	1,305,082	1,221,698	962,413	—	—
Accumulated Depreciation & Amortization	(414,246)	(334,993)	(252,717)	(176,746)	(115,013)	(65,065)
Total Property & Equipment, net	927,021	970,089	968,981	785,667	573,611	414,515
Other Assets:
Goodwill	222,223	222,223	222,223	222,223	222,223	222,223
Other Intangible Assets, net of accumulated amortization of $34,480 and $29,903, respectively	73,261	77,838	83,551	85,110	89,110	93,110
Operating Lease Right-of-use Assets	14,257	16,896	14,917	22,182	61,658	121,269
Aircraft Deposits	5,575	7,925	9,564	9,134	10,021	10,253
Long-term Lessor Maintenance Deposits	45,361	53,624	44,675	32,433	20,346	22,584
Deferred Tax Assets	—	—	0	12,956	18,737	36,216
Other Assets	24,550	14,998	8,365	9,217	5,495	6,357
Total Other Assets	—	—	—	—	427,590,000	512,012,000
Total Other Assets	385,227	393,504	383,295	393,255	—	—
Total Assets	1,680,464	1,630,177	1,623,627	1,524,412	1,376,644	1,053,267
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable	57,628	56,034	59,011	62,370	39,805	34,035
Accrued Salaries, Wages, and Benefits	45,531	38,327	33,305	26,521	28,527	16,368
Accrued Transportation Taxes	22,923	20,534	18,097	17,666	12,736	5,883
Air Traffic Liabilities	167,024	160,686	157,996	157,995	118,562	101,075
Derivative Liabilities	—	—	—	—	—	1,174,000
Over-market Liabilities	—	—	—	1,535	4,309	9,281
Finance Lease Obligations	61,616	20,175	44,756	17,990	11,705	11,460
Loyalty Program Liabilities	10,233	10,121	9,898	13,963	11,451	7,016
Operating Lease Obligations	3,601	3,281	2,219	6,296	17,231	34,492
Current Maturities of Long-term Debt, net	68,017	87,579	74,177	57,548	29,412	26,118
Income Tax Receivable Agreement Liability	0	10,325	3,250	2,260	—	—
Other Current Liabilities	14,530	15,228	15,873	12,984	7,913	6,841
Total Current Liabilities	451,103	422,290	418,582	377,128	281,651	253,743
Long-term Liabilities:
Over-market Liabilities	—	—	—	1,039	10,428	28,128
Finance Lease Obligations	189,471	251,087	232,546	233,306	180,450	95,710
Loyalty Program Liabilities	4,613	4,480	3,839	1,474	8,267	15,053
Operating Lease Obligations	13,792	17,369	16,611	19,836	58,810	112,707
Long-term Debt, net	255,329	239,543	327,468	294,687	248,014	256,345
Deferred Tax Liability	40,761	23,566	9,148	—	—	—
Income Tax Receivable Agreement Liability	87,169	87,369	97,794	101,540	98,800	—
Other Long-term Liabilities	13,070	14,100	3,236	2,690	3,413	7,764
Total Long-term Liabilities	604,205	637,514	690,642	654,572	608,182	515,707
Total Liabilities	1,055,308	1,059,804	1,109,224	1,031,700	889,833	769,450
Stockholders' Equity:
Common Stock with $0.01 par value, 995,000,000 shares authorized, 61,040,329 and 59,500,970 issued and 53,223,302 and 53,157,964 outstanding at December 31, 2025 and 2024, respectively	610	595	589	582	579	468
Preferred Stock with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and 2024, respectively	0	0	0	0	—	—
Loans to Stockholders	—	—	—	—	—	(3,500,000)
Treasury Stock, at cost, 7,817,027 and 6,343,006 shares held at December 31, 2025 and 2024, respectively	(125,881)	(105,866)	(94,341)	(17,605)	—	—
Additional Paid-In Capital	550,471	528,604	513,988	488,494	485,638	248,525
Retained Earnings	199,941	147,132	94,229	22,048	594	38,324
Total Stockholders' Equity	—	—	—	—	486,811,000	283,817,000
Accumulated Other Comprehensive Income (Loss)	15	(92)	(62)	(807)	—	—
Total Stockholders' Equity	625,156	570,373	514,403	492,712	—	—
Total Liabilities and Stockholders' Equity	1,680,464	1,630,177	1,623,627	1,524,412	1,376,644	1,053,267

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.