SkyWest, Inc. (SKYW) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,047860826520689685
Cash and cash equivalents10325821687328182
Short-term investments944602610433361504
Receivables1016535836443
Prepaid expense     87115
Other current assets1003927362727
Other undisclosed current assets12310495122154125
Total current assets:1,3711,0699837601,021995
Noncurrent Assets
Operating lease, right-of-use asset 152239282336
Property, plant and equipment5,5485,4995,3625,3955,0064,183
Prepaid expense     182231
Other noncurrent assets34332026016610549
Total noncurrent assets:6,0436,0575,9055,8975,2924,463
TOTAL ASSETS:7,4157,1266,8886,6576,3135,458
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities629676431433510462
Taxes payable202926151619
Employee-related liabilities186151126134162154
Accounts payable422496279284332289
Accrued liabilities      
Deferred revenue525  
Debt439392402459350310
Other liabilities344826326549
Other undisclosed current liabilities675483   
Total current liabilities:1,1731,195942925925821
Noncurrent Liabilities
Long-term debt and lease obligation2,9422,8763,0072,8882,8102,377
Long-term debt, excluding current maturities2,9422,7172,8022,6292,8102,377
Liabilities, other than long-term debt953788799669585462
Deferred tax liabilities, net518419
Deferred income tax liabilities687663626624
Other liabilities177125173466743
Operating lease, liability89158206259
Total noncurrent liabilities:3,8943,6643,8063,5573,3952,839
Total liabilities:5,0674,8584,7484,4824,3203,660
Equity
Equity, attributable to parent, including:2,3482,2682,1402,1751,9641,754
Treasury stock, value(620)(619)(617)(591)(503)(435)
Accumulated other comprehensive loss(4)   (0)(0)
Retained earnings2,2372,1642,0522,0791,7771,517
Other undisclosed equity, attributable to parent734722705687691673
Total equity:2,3482,2682,1402,1751,9641,754
Other undisclosed liabilities and equity     2944
TOTAL LIABILITIES AND EQUITY:7,4157,1266,8886,6576,3135,458

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,0052,7132,1272,9723,2223,204
Revenue, net3,204
Cost of revenue   (2,018)(2,460)(2,747)(1,321)
Cost of goods and services sold   (2,018)(2,460)(2,747)(378)
Gross profit:3,0052,7131095124741,884
Operating expenses(2,824)(2,438)   (1,496)
Operating income:181276109512474388
Nonoperating expense(89)(125)(116)(66)(108)(100)
Investment income, nonoperating18161495
Other nonoperating income (expense)21(3)14840
Interest and debt expense(127)(123)(123)(128)(120)(105)
Income (loss) from continuing operations before equity method investments, income taxes:(35)27(131)319246183
Other undisclosed income from continuing operations before income taxes127123123128120105
Income (loss) from continuing operations before income taxes:93151(7)446366288
Income tax expense (benefit)(20)(39)(1)(106)(86)141
Income (loss) from continuing operations:73112(9)340280429
Income (loss) before gain (loss) on sale of properties:112(9)340280429
Net income (loss) available to common stockholders, diluted:73112(9)340280429

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):73112(9)340280429
Comprehensive income (loss):73112(9)340280429
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)  000
Comprehensive income (loss), net of tax, attributable to parent:69112(9)340280429

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: