SkyWest, Inc. (SKYW) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments520689685557490548
Cash and cash equivalents87328182147203132
Short-term investments433361504410287415
Restricted cash and investments   88 
Receivables836443476283
Prepaid expense 87115162195398
Income taxes receivable3
Deferred tax assets  12910194
Other current assets362727181816
Other undisclosed current assets122154125125143149
Total current assets:7601,0219951,0471,0181,291
Noncurrent Assets
Operating lease, right-of-use asset336
Property, plant and equipment5,3955,0064,1833,8223,4713,021
Long-term investments and receivables     2
Long-term investments     2
Intangible assets, net (including goodwill)   81013
Intangible assets, net (excluding goodwill)   81013
Prepaid expense 182231219229 
Other noncurrent assets16610549427585
Other undisclosed noncurrent assets     (2)
Total noncurrent assets:5,8975,2924,4634,0903,7853,119
TOTAL ASSETS:6,6576,3135,4585,1374,8034,410
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities433510462397439426
Accounts payable284332289241280270
Accrued liabilities    3 
Employee-related liabilities134162154140138139
Taxes payable151619161717
Debt459350310305272212
Other liabilities326549454143
Other undisclosed current liabilities     3
Total current liabilities:925925821747751684
Noncurrent Liabilities
Long-term debt and lease obligation2,8882,8102,3772,2401,6771,534
Long-term debt, excluding current maturities2,6292,8102,3772,2401,6771,534
Operating lease, liability259
Liabilities, other than long-term debt669585462746806719
Deferred tax liabilities, net518419695750669
Deferred income tax liabilities624
Other liabilities466743515650
Total noncurrent liabilities:3,5573,3952,8392,9862,4832,253
Total liabilities:4,4824,3203,6603,7333,2342,937
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1751,9641,7541,3511,5061,400
Treasury stock, value(591)(503)(435)(410)(410)(391)
Accumulated other comprehensive loss (0)(0)(0)(0)(0)
Retained earnings2,0791,7771,5171,1041,2751,165
Other undisclosed stockholders' equity attributable to parent687691673657642627
Total stockholders' equity:2,1751,9641,7541,3511,5061,400
Other undisclosed liabilities and equity 2944536372
TOTAL LIABILITIES AND EQUITY:6,6576,3135,4585,1374,8034,410

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,9723,2223,2043,1213,0963,237
Revenue, net3,2043,1216669
Cost of revenue(2,460)(2,747)(1,321)(1,827)(1,398)(1,687)
Cost of goods and services sold(2,460)(2,747)(378)(385)(392)(193)
Gross profit:5124741,8841,2941,6981,551
Operating expenses  (1,496)(1,467)(1,463)(1,526)
Operating income (loss):512474388(173)23525
Nonoperating expense(66)(108)(100)(76)(40)(41)
Investment income, nonoperating1495224
Other nonoperating income (expense)4840(0)3421
Interest and debt expense(128)(120)(105)134(66)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (34)66
Income (loss) from continuing operations before equity method investments, income taxes:319246183(248)194(16)
Other undisclosed income (loss) from continuing operations before income taxes128120105(1) (25)
Income (loss) from continuing operations before income taxes:446366288(249)194(41)
Income tax expense (benefit)(106)(86)14187(77)(8)
Net income (loss) attributable to parent:340280429(162)118(49)
Other undisclosed net income available to common stockholders, basic     25
Net income (loss) available to common stockholders, diluted:340280429(162)118(24)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):340280429(162)118(49)
Comprehensive income (loss):340280429(162)118(49)
Other undisclosed comprehensive income, net of tax, attributable to parent0000023
Comprehensive income (loss), net of tax, attributable to parent:340280429(161)118(26)

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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