SNCY · As filed with the SEC
Sun Country Airlines Holdings cash flow statement, 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 STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Net Income | 52,809 | 52,903 | 72,181 | 17,676 |
| Adjustments to reconcile Net Income to Cash from Operating Activities: | ||||
| Depreciation and Amortization | 98,878 | 94,989 | 88,151 | 67,641 |
| Income Tax Receivable Agreement Liability Adjustment | — | 0 | (331) | 5,000 |
| Operating Lease Right-of-use Assets | 2,662 | 2,020 | 4,291 | 1,538 |
| Gain on Asset Transactions, net | (8,733) | (6,285) | (1,305) | (1,107) |
| Unrealized Gain on Fuel Derivatives | — | — | 0 | 0 |
| Amortization of Over-market Liabilities | — | — | (687) | (2,837) |
| Amortization of Over-market Assets | — | 1,713 | 1,300 | — |
| Deferred Income Taxes | 17,164 | 14,427 | 21,886 | 4,893 |
| Amazon Warrants Expense | 4,518 | 4,357 | 6,066 | 5,600 |
| Stock-based Compensation Expense | 6,305 | 6,020 | 9,274 | 2,774 |
| Amortization of Debt Issuance Costs and Debt Securities | — | — | — | 172 |
| Amortization of Debt Issuance Costs and Debt Securities | — | — | (1,764) | — |
| Property & Equipment Write-Off | — | — | 184 | — |
| Loss on Extinguishment of Debt | — | — | 0 | 1,557 |
| Other, net | 2,419 | 367 | — | — |
| Changes in Operating Assets and Liabilities: | ||||
| Accounts Receivable | (10,754) | 11,223 | (2,667) | (3,312) |
| Inventory | (2,355) | (5,041) | (1,458) | (3,014) |
| Prepaid Expenses | (3,836) | 1,986 | (4,394) | (2,918) |
| Lessor Maintenance Deposits | (13,955) | (15,712) | (12,047) | (13,005) |
| Aircraft Deposits | 0 | 0 | (457) | (2,583) |
| Other Assets | (3,825) | (3,573) | (2,881) | (8,403) |
| Accounts Payable | 3,491 | (2,961) | (3,028) | 17,623 |
| Accrued Transportation Taxes | 2,389 | 2,437 | 430 | 4,930 |
| Air Traffic Liabilities | 6,339 | 2,690 | 1 | 39,433 |
| Loyalty Program Liabilities | 245 | 864 | (1,701) | (4,281) |
| Operating Lease Obligations | (3,281) | (2,178) | (4,387) | (1,718) |
| Other Liabilities | 6,626 | 4,616 | 7,463 | 1,781 |
| Net Cash Provided by Operating Activities | 157,106 | 164,862 | 174,120 | 127,440 |
| Cash Flows from Investing Activities: | ||||
| Purchases of Property & Equipment | (73,128) | (47,332) | (218,160) | (187,922) |
| Proceeds from the Sale of Property & Equipment | 19,250 | 17,166 | 4,953 | 2,451 |
| Proceeds from Insurance Settlements | — | — | 0 | 8,865 |
| Purchases of Investments | (66,553) | (92,404) | (95,535) | (178,960) |
| Proceeds from the Sale of Investments | — | — | 291 | 1,236 |
| Proceeds from the Maturities of Investments | 81,228 | 130,125 | 137,220 | 5,000 |
| Other, net | 198 | 842 | — | — |
| Net Cash (Used in) Provided by Investing Activities | (39,005) | 8,397 | (171,231) | (349,330) |
| Cash Flows from Financing Activities: | ||||
| Cash Received from Stock Offering | — | — | 0 | 0 |
| Costs of Stock Offering | — | — | 0 | 0 |
| Proceeds from Stock Option and Warrant Exercises | — | — | 2,660 | 1,965 |
| Taxes Paid for Net Stock Settlement of Stock-Based Awards | — | — | (8) | (31) |
| Common Stock Repurchases | (20,015) | (12,134) | (68,585) | (25,054) |
| Proceeds from Borrowings | 108,000 | 70,000 | 119,200 | 188,277 |
| Repayment of Finance Lease Obligations | (20,175) | (45,942) | (21,883) | (42,062) |
| Repayment of Borrowings | (111,711) | (145,518) | (69,276) | (113,492) |
| Tax Receivable Agreement Payment | (10,525) | — | (2,425) | — |
| Debt Issuance Costs | — | — | (1,820) | (2,570) |
| Other, net | 1,895 | (2,874) | — | — |
| Net Cash Used in Financing Activities | (52,531) | (136,468) | (42,137) | 7,033 |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 65,570 | 36,791 | (39,248) | (214,857) |
| Cash, Cash Equivalents and Restricted Cash--Beginning of the Period | 100,471 | 63,680 | 102,928 | 317,785 |
| Cash, Cash Equivalents and Restricted Cash--End of the Period | 166,041 | 100,471 | 63,680 | 102,928 |
| Supplemental information: | ||||
| Cash Payments for Interest | 34,950 | 42,784 | 41,454 | 24,051 |
| Income Taxes Paid: | ||||
| Federal | 3,923 | — | — | — |
| State | 476 | — | — | — |
| Total | 4,399 | 392 | 1,498 | 1,691 |
| Non-cash transactions: | ||||
| Aircraft and Flight Equipment Acquired under Finance Leases | 0 | 40,116 | 18,419 | 40,480 |
| Changes to Finance Lease Assets due to Lease Modifications | 0 | 6,513 | 26,427 | 46,311 |
| Aircraft and Flight Equipment Acquired from Exercise of Finance Lease Purchase Option, net of Accumulated Depreciation | 0 | 40,632 | 2,386 | 28,012 |
| Purchases of Property & Equipment in Accounts Payable | 2,921 | 3,219 | 3,035 | 4,367 |
| Property & Equipment Acquired through Maintenance Contract Incentive Liability | — | — | 2,149 | — |
| Operating Lease Deposits Applied Against the Purchase of Aircraft | — | — | 0 | 1,085 |
| Property & Equipment Acquired through Maintenance Contract Incentive Liability | 0 | 10,307 | — | — |
| Maintenance Rights Asset Capitalized into Aircraft and Flight Equipment upon End of Lease | 8,750 | 5,054 | — | — |
| Maintenance Rights Asset Converted to Accounts Receivable upon End of Lease | 7,340 | 4,265 | — | — |
| Settlement of Accelerated Share Repurchase Program | 0 | 0 | 7,501 | — |
| Derecognition of Operating Lease Right-of-Use Assets, net due to Purchase Aircraft and Flight Equipment | — | 0 | 0 | 8,674 |
| Derecognition of Operating Lease Obligations due to Purchase Aircraft and Flight Equipment | — | 0 | 0 | 8,674 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.