SNCY: the balance sheet

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For the quarter ending 2026-03-31, SNCY has $1,683,607K in assets. $1,024,181K in debts. $153,729K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
82.70%
Quick Ratio
79.86%
Cash Ratio
35.77%
Debt to Asset Ratio
60.83%
Unit: Thousand (K) dollars
Assets Breakdown
Property & equipment, net-Air Tr...
Accumulated depreciation & amort...
Finance lease assets
Others
Liabilities Breakdown
Total long-term liabilities
Additional paid-in capital
Total current liabilities
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	153,729	144,684	111,834	36,964
Restricted cash	18,142	21,357	22,998	16,346
Investments	66,029	89,629	64,391	101,337
Accounts receivable, net of an allowance for credit losses of 404 and 408, respectively	54,511	53,722	50,113	35,265
Short-term lessor maintenance deposits	23,759	22,738	1,146	1,146
Inventory, net of a reserve for obsolescence of 1,509 and 1,214, respectively	12,183	11,844	11,672	11,302
Prepaid expenses	20,064	17,667	18,143	15,216
Other current assets	7,019	6,575	4,504	4,717
Total current assets	355,436	368,216	284,801	222,293
Property & equipment, net-Air Transportation Equipment	891,023	861,100	801,488	799,515
Property & equipment, net-Aircraft And Flight Equipment Held For Operating Lease	62,923	62,923	93,548	93,548
Property & equipment, net-Leasehold Improvements	52,667	50,765	50,683	49,124
Property & equipment, net-Computer Equipment	25,391	24,926	25,028	23,729
Finance lease assets	309,877	309,877	309,877	309,877
Property & equipment, net-Rotable Parts	31,879	31,676	31,059	26,498
Total property & equipment	1,373,760	1,341,267	1,311,683	1,302,291
Accumulated depreciation & amortization	431,521	414,246	396,292	374,139
Total property & equipment, net	942,239	927,021	915,391	928,152
Goodwill	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
Operating lease right-of-use assets	13,589	14,257	14,930	15,591
Aircraft deposits	5,575	5,575	7,925	7,925
Long-term lessor maintenance deposits	48,210	45,361	63,399	59,571
Other assets	24,116	-	20,936	20,942
Total other assets	385,932	24,550	403,743	401,664
Total other assets	-	385,227	-	-
Total assets	1,683,607	1,680,464	1,603,935	1,552,109

Accounts payable	83,573	57,628	51,729	56,532
Accrued salaries, wages, and benefits	40,849	45,531	39,952	36,931
Income tax receivable agreement liability	-	-	1,192	11,720
Accrued transportation taxes	18,117	22,923	16,230	14,795
Air traffic liabilities	138,220	167,024	144,430	106,599
Finance lease obligations	60,205	61,616	21,166	20,830
Loyalty program liabilities	9,765	10,233	10,067	9,481
Operating lease obligations	3,685	3,601	3,517	3,435
Current maturities of long-term debt, net	62,089	68,017	74,650	81,438
Income tax receivable agreement liability	-	0	-	-
Other current liabilities	13,290	14,530	13,480	12,941
Total current liabilities	429,793	451,103	376,413	354,702
Finance lease obligations	185,633	189,471	235,086	240,505
Loyalty program liabilities	4,604	4,613	4,578	4,916
Operating lease obligations	12,878	13,792	14,697	15,605
Long-term debt, net	244,766	255,329	226,640	200,629
Deferred tax liability	46,902	40,761	36,328	33,663
Income tax receivable agreement liability	87,137	87,169	85,977	75,449
Other long-term liabilities	12,468	13,070	14,004	13,595
Total long-term liabilities	594,388	604,205	617,310	584,362
Total liabilities	1,024,181	1,055,308	993,723	939,064
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 march31, 2026 and december31, 2025, respectively	620	610	605	603
Treasury stock, at cost, 7,817,027 and 6,343,006 shares held at december31, 2025 and 2024, respectively	-	125,881	-	-
Treasury stock, at cost, 7,817,027 shares held at march31, 2026 and december31, 2025	125,881	-	125,936	115,866
Additional paid-in capital	560,680	550,471	543,717	538,096
Retained earnings	224,047	199,941	191,796	190,244
Accumulated other comprehensive (loss) income	-40	15	30	-32
Total stockholders' equity	659,426	625,156	610,212	613,045
Total liabilities and stockholders' equity	1,683,607	1,680,464	1,603,935	1,552,109

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

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Balance Sheets