Annual report pursuant to Section 13 and 15(d)

Concentrations (Notes)

v2.4.1.9
Concentrations (Notes)
 12 Months Ended
Dec. 31, 2014
Risks and Uncertainties [Abstract]  
Concentrations
Concentrations
Concentrations of Credit and Business Risk
Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and cash equivalents and accounts receivable.
At December 31, 2014, 2013 and 2012, the Company's cash and cash equivalents were maintained primarily with major U.S. financial institutions and foreign banks. Deposits with these institutions at times exceed the federally insured limits, which potentially subjects the Company to concentration of credit risk. The Company has not experienced any losses related to these balances and believes that there is minimal risk.
A substantial portion of the Company's revenue is generated through arrangements with one airline customer. The Company may not be successful in renewing these agreements, or if they are renewed, they may not be on terms as favorable as current agreements. The percentage of revenue generated through the customer representing more than 10% of consolidated revenue is as follows:
 
Year ended December 31,
 
2014
 
2013
 
2012
Southwest Airlines as percentage of total revenue
24
%
 
22
%
 
85
%
Southwest Airlines as percentage of total Connectivity revenue
83
%
 
72
%
 
85
%

No other customer accounted for revenues greater than 10% for the 3 years presented.
Accounts Receivable balances from Southwest Airlines represented 13% of total accounts receivable at December 31, 2014 and less than 10% of total accounts receivable at December 31, 2013.