SkyWest, Inc. (SKYW) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments860826520689685557
Cash and cash equivalents25821687328182147
Short-term investments602610433361504410
Restricted cash and investments     8
Receivables653583644347
Prepaid expense   87115162
Deferred tax assets  129
Other current assets392736272718
Other undisclosed current assets10495122154125125
Total current assets:1,0699837601,0219951,047
Noncurrent Assets
Operating lease, right-of-use asset239282336
Property, plant and equipment5,4995,3625,3955,0064,1833,822
Intangible assets, net (including goodwill)     8
Intangible assets, net (excluding goodwill)     8
Prepaid expense   182231219
Other noncurrent assets3202601661054942
Total noncurrent assets:6,0575,9055,8975,2924,4634,090
TOTAL ASSETS:7,1266,8886,6576,3135,4585,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities676431433510462397
Accounts payable496279284332289241
Employee-related liabilities151126134162154140
Taxes payable292615161916
Deferred revenue25  
Debt392402459350310305
Other liabilities482632654945
Other undisclosed current liabilities5483    
Total current liabilities:1,195942925925821747
Noncurrent Liabilities
Long-term debt and lease obligation2,8763,0072,8882,8102,3772,240
Long-term debt, excluding current maturities2,7172,8022,6292,8102,3772,240
Operating lease, liability158206259
Liabilities, other than long-term debt788799669585462746
Deferred tax liabilities, net518419695
Deferred income tax liabilities663626624
Other liabilities12517346674351
Total noncurrent liabilities:3,6643,8063,5573,3952,8392,986
Total liabilities:4,8584,7484,4824,3203,6603,733
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2682,1402,1751,9641,7541,351
Treasury stock, value(619)(617)(591)(503)(435)(410)
Accumulated other comprehensive loss   (0)(0)(0)
Retained earnings2,1642,0522,0791,7771,5171,104
Other undisclosed stockholders' equity attributable to parent722705687691673657
Total stockholders' equity:2,2682,1402,1751,9641,7541,351
Other undisclosed liabilities and equity   294453
TOTAL LIABILITIES AND EQUITY:7,1266,8886,6576,3135,4585,137

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,7132,1272,9723,2223,2043,121
Revenue, net3,2043,121
Cost of revenue (2,018)(2,460)(2,747)(1,321)(1,827)
Cost of goods and services sold (2,018)(2,460)(2,747)(378)(385)
Gross profit:2,7131095124741,8841,294
Operating expenses(2,438)   (1,496)(1,467)
Operating income (loss):276109512474388(173)
Nonoperating expense(125)(116)(66)(108)(100)(76)
Investment income, nonoperating1614952
Other nonoperating income (expense)(3)14840(0)
Interest and debt expense(123)(123)(128)(120)(105)1
Income (loss) from continuing operations before equity method investments, income taxes:27(131)319246183(248)
Other undisclosed income (loss) from continuing operations before income taxes123123128120105(1)
Income (loss) from continuing operations before income taxes:151(7)446366288(249)
Income tax expense (benefit)(39)(1)(106)(86)14187
Net income (loss) available to common stockholders, diluted:112(9)340280429(162)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):112(9)340280429(162)
Comprehensive income (loss):112(9)340280429(162)
Other undisclosed comprehensive income, net of tax, attributable to parent  0000
Comprehensive income (loss), net of tax, attributable to parent:112(9)340280429(161)

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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