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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments826520689685557490
Cash and cash equivalents21687328182147203
Short-term investments610433361504410287
Restricted cash and investments    88
Receivables358364434762
Prepaid expense  87115162195
Deferred tax assets  129101
Other current assets273627271818
Other undisclosed current assets95122154125125143
Total current assets:9837601,0219951,0471,018
Noncurrent Assets
Operating lease, right-of-use asset282336
Property, plant and equipment5,3625,3955,0064,1833,8223,471
Intangible assets, net (including goodwill)    810
Intangible assets, net (excluding goodwill)    810
Prepaid expense  182231219229
Other noncurrent assets260166105494275
Total noncurrent assets:5,9055,8975,2924,4634,0903,785
TOTAL ASSETS:6,8886,6576,3135,4585,1374,803
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities431433510462397439
Accounts payable279284332289241280
Accrued liabilities     3
Employee-related liabilities126134162154140138
Taxes payable261516191617
Debt402459350310305272
Other liabilities263265494541
Other undisclosed current liabilities83     
Total current liabilities:942925925821747751
Noncurrent Liabilities
Long-term debt and lease obligation3,0072,8882,8102,3772,2401,677
Long-term debt, excluding current maturities2,8022,6292,8102,3772,2401,677
Operating lease, liability206259
Liabilities, other than long-term debt799669585462746806
Deferred tax liabilities, net518419695750
Deferred income tax liabilities626624
Other liabilities1734667435156
Total noncurrent liabilities:3,8063,5573,3952,8392,9862,483
Total liabilities:4,7484,4824,3203,6603,7333,234
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1402,1751,9641,7541,3511,506
Treasury stock, value(617)(591)(503)(435)(410)(410)
Accumulated other comprehensive loss  (0)(0)(0)(0)
Retained earnings2,0522,0791,7771,5171,1041,275
Other undisclosed stockholders' equity attributable to parent705687691673657642
Total stockholders' equity:2,1402,1751,9641,7541,3511,506
Other undisclosed liabilities and equity  29445363
TOTAL LIABILITIES AND EQUITY:6,8886,6576,3135,4585,1374,803

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,1272,9723,2223,2043,1213,096
Revenue, net3,2043,12166
Cost of revenue(2,018)(2,460)(2,747)(1,321)(1,827)(1,398)
Cost of goods and services sold(2,018)(2,460)(2,747)(378)(385)(392)
Gross profit:1095124741,8841,2941,698
Operating expenses   (1,496)(1,467)(1,463)
Operating income (loss):109512474388(173)235
Nonoperating expense(116)(66)(108)(100)(76)(40)
Investment income, nonoperating6149522
Other nonoperating income (expense)14840(0)34
Interest and debt expense(123)(128)(120)(105)134
Other undisclosed loss from continuing operations before equity method investments, income taxes     (34)
Income (loss) from continuing operations before equity method investments, income taxes:(131)319246183(248)194
Other undisclosed income (loss) from continuing operations before income taxes123128120105(1) 
Income (loss) from continuing operations before income taxes:(7)446366288(249)194
Income tax expense (benefit)(1)(106)(86)14187(77)
Net income (loss) available to common stockholders, diluted:(9)340280429(162)118

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(9)340280429(162)118
Comprehensive income (loss):(9)340280429(162)118
Other undisclosed comprehensive income, net of tax, attributable to parent 00000
Comprehensive income (loss), net of tax, attributable to parent:(9)340280429(161)118

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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