SkyWest, Inc. (SKYW) financial statements (2021 and earlier)

Company profile

Business Address 444 S RIVER RD
ST GEORGE, UT 84790
State of Incorp. UT
Fiscal Year End December 31
SIC 4512 - Air Transportation, Scheduled (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments520572550544689705
Cash and cash equivalents87308254291328325
Short-term investments433264296253361380
Receivables832423786462
Prepaid expense    8790
Other current assets362517252753
Other undisclosed current assets122189190134154142
Total current assets:7608107807811,0211,052
Noncurrent Assets
Operating lease, right-of-use asset336327337 
Property, plant and equipment5,3955,2975,2915,2755,0064,875
Prepaid expense    182189
Other noncurrent assets16616417214710568
Other undisclosed noncurrent assets   342  
Total noncurrent assets:5,8975,7875,8005,7635,2925,133
TOTAL ASSETS:6,6576,5986,5806,5456,3136,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities433477465472510493
Accounts payable284329321340332320
Employee-related liabilities134130127118162151
Taxes payable151917141622
Debt459450427363350357
Other liabilities323435376563
Other undisclosed current liabilities   74  
Total current liabilities:925962927945925913
Noncurrent Liabilities
Long-term debt and lease obligation2,8882,8762,9852,7342,8102,752
Long-term debt, excluding current maturities2,6292,6222,7192,7342,8102,752
Operating lease, liability259254266 
Liabilities, other than long-term debt669643616589585591
Contract with customer, liability 35
Deferred tax liabilities, net541518494
Deferred income tax liabilities624597569 
Other liabilities464646486763
Total noncurrent liabilities:3,5573,5203,6003,3243,3953,343
Total liabilities:4,4824,4814,5284,2694,3204,256
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1752,1162,0522,0011,9641,929
Treasury stock, value(591)(581)(556)(537)(503)(474)
Accumulated other comprehensive loss    (0)(0)
Retained earnings2,0792,0131,9271,8451,7771,715
Other undisclosed stockholders' equity attributable to parent687685681693691688
Total stockholders' equity:2,1752,1162,0522,0011,9641,929
Other undisclosed liabilities and equity   27529 
TOTAL LIABILITIES AND EQUITY:6,6576,5986,5806,5456,3136,185

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues744760744724803829
Cost of revenue
(Cost of Goods and Services Sold)
(618)(614)(600)(627)(682)(691)
Gross profit:12514614496122138
Operating income:12514614496122138
Nonoperating income (expense)(28)(28)(29)18(31)(28)
Investment income, nonoperating344432
Other nonoperating income0004701
Interest and debt expense(31)(32)(33)(33)(34)(31)
Income from continuing operations before equity method investments, income taxes:678783825778
Other undisclosed income from continuing operations before income taxes313233333431
Income from continuing operations before income taxes:9811911511491110
Income tax expense(25)(27)(27)(26)(24)(27)
Net income available to common stockholders, diluted:739188886783

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income:739188886783
Comprehensive income:739188886783
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   0(0)(0)
Comprehensive income, net of tax, attributable to parent:739188886783

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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