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
ASSETS
Current Assets:
Cash and Cash Equivalents	144,684	83,219	46,279	92,086
Restricted Cash	21,357	17,252	17,401	10,842
Investments	89,629	104,053	141,127	178,936
Accounts Receivable, net of an allowance for credit losses of $408 and $617, respectively	53,722	35,296	38,166	35,124
Short-term Lessor Maintenance Deposits	22,738	521	1,046	1,241
Inventory, net of a reserve for obsolescence of $1,214 and $784, respectively	11,844	10,467	7,793	7,659
Prepaid Expenses	17,667	13,837	15,823	11,423
Other Current Assets	6,575	1,939	3,716	8,179
Total Current Assets	368,216	266,584	271,351	345,490
Property & Equipment, net:
Aircraft and Flight Equipment	861,100	775,210	685,559	636,584
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
Computer Hardware and Software	24,926	22,436	17,875	10,831
Rotable Parts	31,676	26,626	19,848	17,059
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)
Total Property & Equipment, net	927,021	970,089	968,981	785,667
Other Assets:
Goodwill	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
Operating Lease Right-of-use Assets	14,257	16,896	14,917	22,182
Aircraft Deposits	5,575	7,925	9,564	9,134
Long-term Lessor Maintenance Deposits	45,361	53,624	44,675	32,433
Deferred Tax Assets	—	—	0	12,956
Other Assets	24,550	14,998	8,365	9,217
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
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable	57,628	56,034	59,011	62,370
Accrued Salaries, Wages, and Benefits	45,531	38,327	33,305	26,521
Accrued Transportation Taxes	22,923	20,534	18,097	17,666
Air Traffic Liabilities	167,024	160,686	157,996	157,995
Over-market Liabilities	—	—	—	1,535
Finance Lease Obligations	61,616	20,175	44,756	17,990
Loyalty Program Liabilities	10,233	10,121	9,898	13,963
Operating Lease Obligations	3,601	3,281	2,219	6,296
Current Maturities of Long-term Debt, net	68,017	87,579	74,177	57,548
Income Tax Receivable Agreement Liability	0	10,325	3,250	2,260
Other Current Liabilities	14,530	15,228	15,873	12,984
Total Current Liabilities	451,103	422,290	418,582	377,128
Long-term Liabilities:
Over-market Liabilities	—	—	—	1,039
Finance Lease Obligations	189,471	251,087	232,546	233,306
Loyalty Program Liabilities	4,613	4,480	3,839	1,474
Operating Lease Obligations	13,792	17,369	16,611	19,836
Long-term Debt, net	255,329	239,543	327,468	294,687
Deferred Tax Liability	40,761	23,566	9,148	—
Income Tax Receivable Agreement Liability	87,169	87,369	97,794	101,540
Other Long-term Liabilities	13,070	14,100	3,236	2,690
Total Long-term Liabilities	604,205	637,514	690,642	654,572
Total Liabilities	1,055,308	1,059,804	1,109,224	1,031,700
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
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
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
Retained Earnings	199,941	147,132	94,229	22,048
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

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