SNCY · As filed with the SEC

Sun Country Airlines Holdings balance sheet, by quarter

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.

CONDENSED CONSOLIDATED BALANCE SHEETS · USD thousands

USD thousands	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024
ASSETS
Current Assets:
Cash and Cash Equivalents	153,729	144,684	111,834	36,964	53,391	83,219	56,791	26,864
Restricted Cash	18,142	21,357	22,998	16,346	13,737	17,252	10,649	7,173
Investments	66,029	89,629	64,391	101,337	105,376	104,053	89,697	108,301
Accounts Receivable, net of an allowance for credit losses of $404 and $408, respectively	54,511	53,722	50,113	35,265	39,656	35,296	37,806	44,635
Short-term Lessor Maintenance Deposits	23,759	22,738	1,146	1,146	1,146	521	7,147	1,078
Inventory, net of a reserve for obsolescence of $1,509 and $1,214, respectively	12,183	11,844	11,672	11,302	11,237	10,467	9,731	8,458
Prepaid Expenses	20,064	17,667	18,143	15,216	14,634	13,837	13,226	15,040
Other Current Assets	7,019	6,575	4,504	4,717	1,753	1,939	977	2,163
Total Current Assets	355,436	368,216	284,801	222,293	240,930	266,584	226,024	213,712
Property & Equipment, net:
Aircraft and Flight Equipment	891,023	861,100	801,488	799,515	778,381	775,210	721,269	716,422
Aircraft and Flight Equipment Held for Operating Lease	62,923	62,923	93,548	93,548	124,383	124,383	154,175	154,175
Ground Equipment and Leasehold Improvements	52,667	50,765	50,683	49,124	47,571	46,550	45,283	45,458
Computer Hardware and Software	25,391	24,926	25,028	23,729	22,847	22,436	21,498	20,771
Rotable Parts	31,879	31,676	31,059	26,498	26,791	26,626	26,307	25,355
Finance Lease Assets	—	309,877	—	—	—	309,877	—	—
Finance Lease Assets	309,877	—	309,877	309,877	309,877	—	338,875	332,682
Total Property & Equipment	1,373,760	1,341,267	1,311,683	1,302,291	1,309,850	1,305,082	1,307,407	1,294,863
Accumulated Depreciation & Amortization	(431,521)	(414,246)	(396,292)	(374,139)	(353,535)	(334,993)	(314,309)	(292,463)
Total Property & Equipment, net	942,239	927,021	915,391	928,152	956,315	970,089	993,098	1,002,400
Other Assets:
Goodwill	222,223	222,223	222,223	222,223	222,223	222,223	222,223	222,223
Other Intangible Assets, net of accumulated amortization of $35,522 and $34,480, respectively	72,219	73,261	74,330	75,412	76,575	77,838	79,255	80,687
Operating Lease Right-of-use Assets	13,589	14,257	14,930	15,591	16,239	16,896	17,539	13,903
Aircraft Deposits	5,575	5,575	7,925	7,925	7,925	7,925	8,974	8,974
Long-term Lessor Maintenance Deposits	48,210	45,361	63,399	59,571	55,712	53,624	50,511	52,336
Other Assets	24,116	—	20,936	20,942	16,107	—	12,238	9,652
Total Other Assets	385,932	24,550	403,743	401,664	394,781	14,998	390,740	387,775
Total Other Assets	—	385,227	—	—	—	393,504	—	—
Total Assets	1,683,607	1,680,464	1,603,935	1,552,109	1,592,026	1,630,177	1,609,862	1,603,887
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable	83,573	57,628	51,729	56,532	56,917	56,034	49,223	60,884
Accrued Salaries, Wages, and Benefits	40,849	45,531	39,952	36,931	35,907	38,327	32,740	31,807
Accrued Transportation Taxes	18,117	22,923	16,230	14,795	16,713	20,534	14,734	15,162
Air Traffic Liabilities	138,220	167,024	144,430	106,599	114,257	160,686	131,538	116,877
Finance Lease Obligations	60,205	61,616	21,166	20,830	20,500	20,175	42,212	34,137
Loyalty Program Liabilities	9,765	10,233	10,067	9,481	9,482	10,121	9,852	9,435
Operating Lease Obligations	3,685	3,601	3,517	3,435	3,356	3,281	3,161	2,414
Current Maturities of Long-term Debt, net	62,089	68,017	74,650	81,438	91,715	87,579	75,915	75,911
Income Tax Receivable Agreement Liability	—	—	1,192	11,720	14,793	—	9,544	7,984
Income Tax Receivable Agreement Liability	—	0	—	—	—	10,325	—	—
Other Current Liabilities	13,290	14,530	13,480	12,941	19,223	15,228	11,905	12,728
Total Current Liabilities	429,793	451,103	376,413	354,702	382,863	422,290	380,824	367,339
Long-term Liabilities:
Finance Lease Obligations	185,633	189,471	235,086	240,505	245,838	251,087	256,252	263,192
Loyalty Program Liabilities	4,604	4,613	4,578	4,916	4,618	4,480	4,330	3,837
Operating Lease Obligations	12,878	13,792	14,697	15,605	16,496	17,369	18,214	15,356
Long-term Debt, net	244,766	255,329	226,640	200,629	220,881	239,543	275,864	289,589
Deferred Tax Liability	46,902	40,761	36,328	33,663	32,125	23,566	19,588	18,634
Income Tax Receivable Agreement Liability	87,137	87,169	85,977	75,449	72,376	87,369	88,150	89,710
Other Long-term Liabilities	12,468	13,070	14,004	13,595	13,812	14,100	14,094	9,379
Total Long-term Liabilities	594,388	604,205	617,310	584,362	606,146	637,514	676,492	689,697
Total Liabilities	1,024,181	1,055,308	993,723	939,064	989,009	1,059,804	1,057,316	1,057,036
Stockholders' Equity:
Common stock, with $0.01 par value, 995,000,000 shares authorized, 62,013,485 and 61,040,329 issued and 54,196,458 and 53,223,302 outstanding at March 31, 2026 and December 31, 2025, respectively	620	610	605	603	602	595	593	592
Preferred stock, with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	0	0	0	0	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)	—	—
Treasury stock, at cost, 7,817,027 shares held at March 31, 2026 and December 31, 2025	(125,881)	—	(125,936)	(115,866)	(115,866)	—	(105,899)	(105,914)
Additional Paid-In Capital	560,680	550,471	543,717	538,096	534,649	528,604	524,138	521,036
Retained Earnings	224,047	199,941	191,796	190,244	183,667	147,132	133,696	131,354
Accumulated Other Comprehensive (Loss) Income	(40)	15	30	(32)	(35)	(92)	18	(217)
Total Stockholders' Equity	659,426	625,156	610,212	613,045	603,017	570,373	552,546	546,851
Total Liabilities and Stockholders' Equity	1,683,607	1,680,464	1,603,935	1,552,109	1,592,026	1,630,177	1,609,862	1,603,887

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