7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
      
    		                   
      net income
    		1,552,000 6,577,000 36,535,000 13,436,000 2,342,000 1,812,000 35,313,000 5,645,000 7,590,000 20,618,000 38,328,000 7,284,000 10,677,000 -3,922,000 3,637,000 -602,000 13,903,000 51,753,000 12,416,000 
      adjustments to reconcile net income to cash from operating activities:
    		                   
      depreciation and amortization
    		24,683,000 24,972,000 24,804,000 23,795,000 23,754,000 23,631,000 23,809,000 23,574,000 22,762,000 22,355,000 19,460,000 18,277,000 17,182,000 16,854,000 15,328,000 14,916,000 14,028,000 13,460,000 12,615,000 
      deferred income taxes
    		2,647,000 1,537,000 8,542,000 4,013,000 875,000 565,000 8,974,000 3,806,000 1,811,000 5,819,000 10,450,000 1,710,000 1,322,000 -921,000 2,782,000 412,000 2,193,000 9,469,000 5,406,000 
      other
    		261,000 3,053,000 718,000 -7,042,000 3,462,000 1,064,000 2,883,000  2,756,000 7,034,000 4,643,000         
      changes in operating assets and liabilities:
    		                   
      accounts receivable
    		-13,854,000 8,335,000 -4,062,000 5,276,000 7,215,000 -5,415,000 4,147,000 4,416,000 -16,282,000 9,667,000 -468,000 -3,224,000 7,935,000 -6,446,000 -1,577,000 -515,000 -4,231,000 1,907,000 2,358,000 
      inventory
    		-849,000 -307,000 -772,000 -1,787,000 -810,000 -1,125,000 -1,319,000 20,000 -466,000 -707,000 -305,000 -1,612,000 -218,000 -838,000 -346,000 -28,000 -232,000 -51,000 -173,000 
      prepaid expenses
    		-2,927,000 -583,000 -796,000 -611,000 1,814,000 -2,435,000 3,218,000 -2,465,000 -1,149,000 -582,000 -198,000 270,000 4,545,000 -6,078,000 -1,655,000 2,643,000 3,293,000 -2,770,000 -3,676,000 
      lessor maintenance deposits
    		-3,827,000 -3,860,000 -2,713,000 -2,946,000 -4,379,000 -4,111,000 -4,276,000 -3,358,000 -3,054,000 -2,777,000 -2,858,000 -2,749,000 -2,900,000 -3,437,000 -3,919,000 -2,625,000 -2,244,000 -1,001,000 -2,219,000 
      other assets
    		-2,060,000 -4,039,000 1,393,000 -1,890,000 -1,974,000 -802,000 1,093,000 -2,951,000 -1,199,000 688,000 581,000 -2,925,000 -5,496,000 6,280,000 -6,262,000 54,000 1,003,000 1,061,000 233,000 
      accounts payable
    		-6,492,000 -641,000 2,730,000 5,583,000 -12,169,000 1,170,000 2,455,000 2,827,000 -3,111,000 -2,456,000 -288,000 8,949,000 -7,018,000 6,192,000 9,500,000 3,563,000 -1,289,000 2,920,000 626,000 
      accrued transportation taxes
    		1,435,000 -1,918,000 -3,821,000 5,800,000 -429,000 -1,296,000 -1,638,000 5,302,000 -2,694,000 86,000 -2,264,000 6,666,000 -3,549,000 451,000 1,362,000 3,854,000 -4,025,000 2,505,000 4,519,000 
      air traffic liabilities
    		37,831,000 -7,658,000 -46,428,000 29,148,000 14,661,000 -3,061,000 -38,058,000 27,543,000 189,000 -11,349,000 -16,382,000 25,164,000 8,873,000 13,012,000 -7,616,000 13,514,000 -8,723,000 19,038,000 -6,343,000 
      loyalty program liabilities
    		248,000 297,000 -501,000 418,000 910,000 205,000 -669,000 -111,000 191,000 -143,000 -1,638,000 -880,000 -288,000 -769,000 -2,344,000 -592,000 -567,000 103,000 -1,295,000 
      operating lease obligations
    		-826,000 -812,000 -798,000 -724,000 -496,000 -503,000 -455,000 -529,000 -859,000 -1,565,000 -1,434,000 -1,657,000 5,637,000 -2,458,000 -3,240,000     
      other liabilities
    		4,127,000 -5,132,000 1,600,000 10,265,000 655,000 -1,548,000 -4,756,000 5,130,000 528,000 1,384,000 421,000 -1,952,000 6,879,000 -3,740,000 594,000 4,657,000 6,899,000 -205,000 1,820,000 
      net cash from operating activities
    		41,949,000 19,821,000 16,431,000 90,559,000 35,431,000 8,151,000 30,721,000 71,469,000 6,958,000 47,832,000 47,861,000 55,769,000 34,611,000 18,847,000 18,213,000 42,618,000 19,554,000 74,002,000 15,839,000 
      capex
    		-7,936,000 -5,795,000 -15,409,000 -4,717,000 -4,384,000 -8,533,000 -29,698,000 -7,519,000 -18,289,000 -87,374,000 -104,978,000 -10,264,000 -40,011,000 -87,964,000 -49,683,000 -5,316,000 -44,317,000 -12,337,000 -54,156,000 
      free cash flows
    		34,013,000 14,026,000 1,022,000 85,842,000 31,047,000 -382,000 1,023,000 63,950,000 -11,331,000 -39,542,000 -57,117,000 45,505,000 -5,400,000 -69,117,000 -31,470,000 37,302,000 -24,763,000 61,665,000 -38,317,000 
      cash flows from investing activities:
    		                   
      purchases of property & equipment
    		-7,936,000 -5,795,000 -15,409,000 -4,717,000 -4,384,000 -8,533,000 -29,698,000 -7,519,000 -18,289,000 -87,374,000 -104,978,000 -10,264,000 -40,011,000 -87,964,000 -49,683,000 -5,316,000 -44,317,000 -12,337,000 -54,399,000 
      proceeds from the sale of property & equipment
    		           1,674,000 262,000 510,000 5,000     
      purchases of investments
    		-5,576,000 -8,942,000 -19,092,000 -36,749,000 -24,045,000 -410,000 -31,200,000 -12,961,000 -33,137,000 -25,209,000 -24,228,000  -58,900,000       
      proceeds from the maturities of investments
    		42,500,000 13,054,000 17,925,000 22,375,000 43,250,000 25,000,000 39,500,000 26,370,000 39,055,000 38,955,000 32,840,000         
      net cash from investing activities
    		35,171,000 2,561,000 -10,572,000 -12,541,000 17,416,000 23,829,000 -20,307,000 7,047,000 -10,237,000 -72,804,000 -95,237,000 -51,720,000 -98,649,000 -149,333,000 -49,628,000 -5,546,000 -44,239,000 -12,636,000 -54,552,000 
      cash flows used in financing activities:
    		                   
      common stock repurchases
    		-10,015,000 0 -10,000,000 -641,000 0 0 -11,493,000 -13,534,000 -32,802,000 -7,437,000 -14,812,000         
      proceeds from borrowings
    		   60,000,000 0   0 0 47,920,000 71,280,000 0 15,770,000 94,521,000 77,986,000 0 0 12,500,000 68,000,000 
      repayment of finance lease obligations
    		-5,084,000 -5,003,000 -4,923,000 -19,693,000 -5,379,000 -15,023,000 -5,847,000 -5,493,000 -7,719,000 -4,394,000 -4,277,000 -4,220,000 -13,549,000 -19,827,000 -4,466,000 -2,818,000 -1,249,000 -3,953,000 -3,911,000 
      repayment of borrowings
    		-34,395,000 -30,799,000 -14,829,000 -84,742,000 -14,009,000 -32,937,000 -13,830,000 -33,801,000 -13,667,000 -11,686,000 -10,122,000 -18,187,000 -9,259,000 -8,099,000 -77,947,000 -9,642,000 -1,019,000 -28,641,000 -46,068,000 
      tax receivable agreement payment
    		0 0 -10,525,000                 
      net cash from financing activities
    		4,402,000 -36,200,000 -39,202,000 -44,987,000 -19,444,000 -37,543,000 -34,494,000 -52,756,000 -53,012,000 24,820,000 38,811,000 -47,196,000 -6,877,000 66,989,000 -5,883,000 -10,312,000 225,000 -21,499,000 243,968,000 
      net increase in cash, cash equivalents and restricted cash
    		   33,031,000        -43,147,000 -70,915,000 -63,497,000 -37,298,000 26,760,000 -24,460,000   
      cash, cash equivalents and restricted cash--beginning of the period
    		0 0 100,471,000 0 0 0 63,680,000 0 0 0 102,928,000 0 0 0 317,785,000 0 0 0 70,363,000 
      cash, cash equivalents and restricted cash--end of the period
    		81,522,000 -13,818,000 67,128,000 33,031,000 33,403,000 -5,563,000 39,600,000 25,760,000 -56,291,000 -152,000 94,363,000 -43,147,000 -70,915,000 -63,497,000 280,487,000 26,760,000 -24,460,000 39,867,000 275,618,000 
      non-cash transactions:
    		                   
      aircraft acquired under finance lease
    		    0 0 40,116,000             
      aircraft acquired from the exercise of finance lease purchase option, net of accumulated depreciation
    		    0               
      maintenance rights asset capitalized into aircraft and flight equipment upon end of lease
    		0                   
      maintenance rights asset converted to accounts receivable upon end of lease
    		0                   
      changes to finance lease assets due to lease modifications
    		        12,332,000           
      the following provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on the condensed consolidated balance sheets:
    		                   
      cash and cash equivalents
    		74,870,000 -16,427,000 53,391,000  29,927,000 -1,563,000 28,427,000  -59,963,000 15,343,000 71,587,000    272,402,000     
      restricted cash
    		6,652,000 2,609,000 13,737,000  3,476,000 -4,000,000 11,173,000  3,672,000 -15,495,000 22,776,000    8,085,000  10,931,000 -1,257,000 6,019,000 
      total cash, cash equivalents and restricted cash
    		81,522,000 -13,818,000 67,128,000  33,403,000 -5,563,000 39,600,000  -56,291,000 -152,000 94,363,000    280,487,000  -24,460,000 39,867,000 275,618,000 
      net decrease in cash, cash equivalents and restricted cash
    		 -13,818,000 -33,343,000   -5,563,000 -24,080,000  -56,291,000 -152,000 -8,565,000         
      cash flows used in investing activities:
    		                   
      income tax receivable agreement liability adjustment
    		                   
      operating lease right-of-use assets
    		           1,737,000 -5,454,000 2,266,000 2,989,000     
      gain on asset transactions
    		                   
      amortization of over-market assets
    		                   
      amazon warrants expense
    		                   
      stock-based compensation expense
    		           793,000 486,000 575,000 920,000 985,000 964,000 743,000 2,870,000 
      aircraft deposits
    		       25,000 -55,000 -240,000 -187,000 -14,000 -849,000 -676,000 -1,044,000     
      cash flows from financing activities:
    		                   
      tax receivable agreement adjustment
    		           0 -3,500,000   3,400,000 -1,100,000   
      unrealized gain on fuel derivatives
    		                  -2,386,000 
      amortization of over-market liabilities
    		           -384,000 -766,000 -766,000 -921,000 -1,077,000 -1,078,000 -1,077,000 -2,004,000 
      amazon warrants vested
    		           1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 
      amortization of debt issuance costs and debt securities
    		           -295,000 -48,000       
      property & equipment write-off
    		                   
      loss on extinguishment of debt
    		           0 0 0 1,557,000     
      proceeds from insurance settlements
    		           0 0       
      proceeds from the sale of investments
    		           301,000 0 882,000 53,000 75,000 78,000 800,000 184,000 
      cash received from stock offering
    		               0 0 0 235,894,000 
      costs of stock offering
    		               322,000 -37,000 -1,443,000 -7,226,000 
      proceeds from stock option and warrant exercises
    		           309,000 285,000 848,000 523,000 1,826,000 2,381,000   
      taxes paid for net stock settlement of stock-based awards
    		           0 0       
      payment of tax receivable agreement liability
    		                   
      debt issuance costs
    		           -44,000 -124,000 -423,000 -1,979,000 0 149,000 12,000 -2,721,000 
      aircraft and flight equipment acquired through finance leases
    		              19,928,000 19,278,000 28,945,000   
      aircraft and flight equipment acquired from exercise of finance lease purchase option, net of accumulated depreciation
    		                   
      aircraft acquired from exercise of finance lease purchase option, net of accumulated depreciation
    		                   
      changes to finance lease assets due to operating and finance lease modifications
    		                   
      (gain) loss on asset transactions
    		                   
      unrealized (gain) loss on fuel derivatives
    		               0 72,000   
      purchase of investments
    		              -3,000 -361,000 0 -1,099,000 -337,000 
      non-cash (gain) loss on asset transactions
    		               -7,000 2,000   
      unrealized (gain) on fuel derivatives
    		                   
      non-cash gain on asset transactions
    		             -77,000 -2,000     
      tax receivable agreement
    		              6,800,000     
      amortization of debt issuance costs
    		              270,000 276,000 276,000 415,000 1,496,000 
      sun country airlines holdings, inc.condensed consolidated statements of cash flows
    		                   
      lease deposits applied against the purchase of aircraft
    		               0 0 530,000 2,766,000 
      finance lease asset modifications
    		              46,311,000     
      ​
    		                   
      aircraft lease deposits
    		               -717,000 -334,000 -730,000 2,226,000 
      proceeds received for amazon warrants
    		                   
      supplemental information:
    		                   
      cash payments for interest
    		               9,080,000 3,481,000 8,312,000 2,728,000 
      cash payments for income taxes
    		               28,000    
      right-of-use assets acquired through operating leases
    		                   
      purchases of property & equipment in accounts payable
    		                  243,000 
      reduction in operating lease right-of-use assets
    		                3,501,000 4,018,000 5,401,000 
      reduction in operating lease obligations
    		                -4,157,000 -5,104,000 -10,722,000 
      cash payments (receipts) for income taxes
    		                 47,000 -7,000 
      costs of stock offering in accounts payable
    		                 -1,791,000 1,829,000 
      the following provides a reconciliation of cash, cash equivalents and restricted cash to the amounts reported on the consolidated balance sheets:
    		                   
      cash and equivalents
    		                 41,124,000 269,599,000 
      non-cash loss on asset transactions
    		                  -8,729,000 
      proceeds received from exercise of apollo warrants
    		                   
      net increase / (decrease) in cash, cash equivalents and restricted cash
    		                  205,255,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.