← SKYWEST INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($161.6m) | $428.9m | $280.4m | $340.1m | ($8.5m) | $111.9m | $73.0m | $34.3m | $323.0m | $428.3m | — | |
| Depreciation, Depletion and Amortization | $285.0m | $292.8m | $334.6m | $368.1m | $475.0m | $440.2m | $394.6m | $383.1m | $383.9m | $364.5m | $364.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $394.6m | $383.1m | $383.9m | $364.5m | $364.5m | |
| Deferred Income Tax Expense (Benefit) | ($83.4m) | ($145.5m) | $99.1m | $109.7m | $6.1m | $37.3m | $23.8m | $539k | $100.4m | $122.8m | $122.8m | |
| Deferred Tax | — | — | — | — | — | — | $23.8m | $539k | $100.4m | $122.8m | $122.8m | |
| Share-based Payment Arrangement, Noncash Expense | $7.6m | $10.6m | $13.1m | $10.3m | $6.8m | $8.7m | $9.2m | $17.1m | $19.9m | $18.7m | $18.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | ($5.1m) | $13.6m | $9.3m | $6.2m | $1.6m | $1.2m | $600k | $6.9m | $27.2m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $51.4m | $2.3m | ($4.2m) | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | ($3.7m) | — | — | |
| Nonoperating Income (Expense) | ($76.1m) | ($100.0m) | ($108.0m) | ($66.0m) | ($116.1m) | ($125.3m) | ($88.6m) | ($63.8m) | ($62.5m) | ($52.3m) | — | |
| Other Nonoperating Income (Expense) | ($94k) | $400k | $3.6m | $47.7m | $1.2m | ($3.2m) | $20.9m | $23.2m | $3.9m | $8.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($47.6m) | $312.9m | ($125.4m) | $5.5m | $5.5m | |
| Increase (Decrease) in Accounts Receivable | ($15.3m) | ($4.2m) | $21.5m | $40.7m | ($26.8m) | $30.1m | $33.0m | ($19.8m) | $41.2m | $52.5m | ($68.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($36.6m) | $33.4m | ($56.5m) | ($68.5m) | ($68.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($33.0m) | $19.8m | ($41.2m) | ($52.5m) | ($68.5m) | |
| Increase (Decrease) in Inventories | $2.0m | $1.2m | $7.9m | $4.3m | ($19.3m) | $12.9m | $16.6m | $3.9m | $11.9m | $29.5m | ($29.5m) | |
| Change In Inventory | — | — | — | — | — | — | ($16.6m) | ($3.9m) | ($11.9m) | ($29.5m) | ($29.5m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($2.9m) | $1.6m | ($13.8m) | ($21k) | ($21k) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($76.8m) | ($55.0m) | $1.0m | ($5.8m) | ($5.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $506.7m |
$684.1m
+35.02%
|
$802.5m
+17.31%
|
$721.0m
-10.16%
|
$633.6m
-12.13%
|
$831.8m
+31.29%
|
$480.4m
-42.25%
|
$736.3m
+53.28%
|
$692.5m
-5.96%
|
$940.4m
+35.80%
|
$940.4m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $3.0m | $52.0m | — | $26.0m | ($445k) | $4.6m | $7.9m | $14.3m | $8.2m | $8.1m | ($7.0m) | |
| Payments to Acquire Property, Plant, and Equipment | — | — | $34.4m | $80.6m | $12.7m | $18.1m | $13.0m | $13.3m | $44.9m | $32.0m | ($633.5m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | $11.4m | ($479k) | ($6.8m) | ($1.1m) | — | |
| Payments for (Proceeds from) Other Investing Activities | ($7.1m) | $10.9m | $36.8m | ($4.1m) | $89.4m | $65.4m | $31.6m | ($4.2m) | $18.0m | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($31.6m) | $4.2m | ($18.0m) | ($4.2m) | ($1.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2b) | ($751.3m) | ($983.4m) | ($657.0m) | ($683.5m) | ($698.5m) | ($904.9m) | ($23.2m) | ($228.6m) | ($651.8m) | ($464.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $1.3m | — | — | — | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $302.2m | $330.3m | $370.8m | $382.4m | $187.4m | $540.5m | $415.1m | $447.6m | $452.9m | $491.9m | ($506.1m) | |
| Proceeds from Issuance of Long-term Debt | $926.1m | $471.7m | $784.7m | $200.0m | $406.4m | $450.0m | $684.5m | $69.7m | $116.2m | $208.8m | $303.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $684.5m | $69.7m | $116.2m | $208.8m | $303.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $684.5m | $69.7m | $116.2m | $208.8m | $303.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($415.1m) | ($447.6m) | ($452.9m) | ($491.9m) | ($506.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $269.5m | ($377.9m) | ($336.7m) | ($283.1m) | ($202.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $269.5m | ($377.9m) | ($336.7m) | ($283.1m) | ($202.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($415.1m) | ($447.6m) | ($452.9m) | ($491.9m) | ($506.1m) | |
| Payments for Repurchase of Common Stock | — | $20.0m | $54.4m | $78.5m | $20.0m | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $9.3m | $15.0m | $19.7m | $23.5m | $13.1m | — | — | — | — | — | $0 | |
| Proceeds from Issuance of Common Stock | $8.1m | $4.7m | $5.2m | $6.3m | $2.8m | $3.1m | $3.0m | $2.8m | $2.9m | $2.7m | $2.7m | |
| Common Stock Issuance | — | — | — | — | — | — | $3.0m | $2.8m | $2.9m | $2.7m | $2.7m | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($291.9m) | ($43.3m) | ($84.9m) | ($204.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $3.0m | $2.8m | $2.9m | $2.7m | $2.7m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $3.0m | ($289.1m) | ($40.5m) | ($82.3m) | ($201.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($291.9m) | ($43.3m) | ($84.9m) | ($204.6m) | |
| Cash Dividends Paid | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($3.3m) | ($760k) | ($7.6m) | ($27.9m) | ($46.5m) | |
| Net Cash Provided by (Used in) Financing Activities | $614.1m |
$102.2m
-83.35%
|
$327.5m
+220.29%
|
($305.2m)
-193.19%
|
$178.4m
+158.47%
|
($90.6m)
-150.78%
|
$269.1m
+397.00%
|
($667.8m)
-348.18%
|
($384.8m)
+42.39%
|
($393.2m)
-2.20%
|
($451.1m)
-14.71%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $258.4m | $103.0m | $148.3m | $227.4m | $48.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $258.4m | $103.0m | $148.3m | $227.4m | $122.7m | $81.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $76.6m | $105.6m | $118.3m | $131.7m | $125.4m | $124.9m | $125.3m | $128.3m | $113.6m | $105.9m | — | |
| Income Taxes Paid, Net | $1.2m | $5.0m | $2.7m | $2.5m | $1.8m | $6.6m | $1.2m | $13.6m | $18.6m | $16.9m | — | |
| Additional Financial Items | ||||||||||||
| Income Tax Expense (Benefit) | ($87.2m) | ($140.7m) | $85.9m | $106.2m | $1.2m | $38.7m | $19.6m | $6.0m | $109.2m | $137.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $114.3m | $104.4m | — | |
| Investment Income, Interest | $2.1m | $4.5m | $8.8m | $14.1m | $5.9m | $1.1m | $17.6m | $43.9m | $48.0m | $43.3m | — | |
| Operating Expenses | — | — | — | — | — | $2.4b | $2.8b | $2.8b | $3.0b | $3.4b | — | |
| Operating Lease, Expense | — | — | — | $72.0m | $65.3m | $63.4m | $75.4m | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $46.5m | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $17.1m | ($4.2m) | ($4.6m) | ($185k) | ($3.6m) | $7.5m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $3.2b | $3.0b | $2.1b | $2.7b | $3.0b | $2.9b | $3.5b | $4.1b | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $269.1m | ($667.8m) | ($384.8m) | ($393.2m) | ($451.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($904.9m) | ($23.2m) | ($228.6m) | ($651.8m) | ($464.5m) | |
| Change In Account Payable | — | — | — | — | — | — | ($42.0m) | $81.0m | ($3.1m) | $152.1m | $152.1m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($155.4m) | $45.3m | $79.1m | ($104.7m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $127.4m | $255.8m | ($41.0m) | ($42.7m) | ($42.7m) | |
| Change In Payable | — | — | — | — | — | — | ($42.0m) | $81.0m | ($3.1m) | $152.1m | $152.1m | |
| Changes In Cash | — | — | — | — | — | — | ($155.4m) | $45.3m | $79.1m | ($104.7m) | $33.1m | |
| End Cash Position | — | — | — | — | — | — | $103.0m | $148.3m | $227.4m | $122.7m | $81.4m | |
| Financing Cash Flow | — | — | — | — | — | — | $269.1m |
($667.8m)
-348.18%
|
($384.8m)
+42.39%
|
($393.2m)
-2.20%
|
($451.1m)
-14.71%
|
|
| Free Cash Flow | — | — | — | — | — | $150.4m | ($202.2m) | $420.0m | $364.2m | — | $315.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($11.4m) | $479k | $6.8m | $1.1m | $1.1m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($7.9m) | ($14.3m) | ($8.2m) | ($8.1m) | ($8.1m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($904.9m) | ($23.2m) | ($228.6m) | ($651.8m) | ($464.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($377.7m) | $261.4m | $112.5m | ($9.9m) | $158.7m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($527.2m) | ($288.8m) | ($323.1m) | ($637.8m) | ($621.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($19.3m) | ($13.8m) | ($1.4m) | ($7.0m) | ($7.0m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($4.6m) | ($185k) | ($3.6m) | $7.5m | $7.5m | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.9b) | ($1.3b) | ($1.4b) | ($1.1b) | ($715.7m) | |
| Purchase Of PPE | $1.2b | $689.4m | $34.4m | $80.6m | $12.7m | $18.1m | ($682.6m) | ($316.3m) | ($328.3m) | ($653.4m) | ($633.5m) | |
| Sale Of Investment | — | — | — | — | — | — | $1.5b | $1.6b | $1.5b | $1.1b | $874.4m | |
| Sale Of PPE | — | — | — | — | — | — | $155.4m | $27.5m | $5.2m | $15.6m | $12.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $9.2m | $17.1m | $19.9m | $18.7m | $18.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.