2011 Q3 Form 10-Q Financial Statement
#000110465911061115 Filed on November 04, 2011
Income Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
Revenue | $955.4M | $796.3M | $686.9M |
YoY Change | 39.1% | 31.75% | 7.71% |
Cost Of Revenue | $512.8M | $390.3M | $344.2M |
YoY Change | 48.98% | 33.12% | 11.72% |
Gross Profit | $442.7M | $406.0M | $342.6M |
YoY Change | 29.22% | 30.46% | 3.94% |
Gross Profit Margin | 46.34% | 50.99% | 49.88% |
Selling, General & Admin | $288.4M | $227.3M | $185.4M |
YoY Change | 55.56% | 32.15% | 5.58% |
% of Gross Profit | 65.15% | 55.99% | 54.12% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $63.39M | $61.20M | $58.77M |
YoY Change | 7.86% | 7.75% | 5.89% |
% of Gross Profit | 14.32% | 15.07% | 17.15% |
Operating Expenses | $413.6M | $345.4M | $284.4M |
YoY Change | 45.43% | 31.38% | 6.76% |
Operating Profit | $26.83M | $60.60M | $58.28M |
YoY Change | -53.97% | 25.47% | -7.78% |
Interest Expense | $20.09M | -$18.20M | $21.64M |
YoY Change | -7.18% | 7.06% | -212.12% |
% of Operating Profit | 74.87% | -30.03% | 37.13% |
Other Income/Expense, Net | -$28.93M | $2.200M | -$19.03M |
YoY Change | 52.01% | 1000.0% | -1289.56% |
Pretax Income | $6.741M | $51.50M | $39.25M |
YoY Change | -82.83% | 62.97% | -13.74% |
Income Tax | -$2.222M | $14.30M | $13.78M |
% Of Pretax Income | -32.96% | 27.77% | 35.1% |
Net Earnings | $100.0K | $37.20M | $25.50M |
YoY Change | -99.61% | 90.77% | -10.84% |
Net Earnings / Revenue | 0.01% | 4.67% | 3.71% |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | $667.9K | $448.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 51.57M shares | 55.90M shares | |
Diluted Shares Outstanding | 52.32M shares | 56.80M shares |
Balance Sheet
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $704.7M | $783.1M | $876.7M |
YoY Change | -19.62% | 8.51% | 9.03% |
Cash & Equivalents | $84.60M | $112.3M | $82.77M |
Short-Term Investments | $620.1M | $670.7M | $794.0M |
Other Short-Term Assets | $29.86M | $32.31M | $322.5M |
YoY Change | -90.74% | -89.84% | 0.12% |
Inventory | $113.4M | $106.6M | $92.60M |
Prepaid Expenses | |||
Receivables | $133.1M | $119.8M | $103.4M |
Other Receivables | $4.300M | $3.400M | $20.50M |
Total Short-Term Assets | $1.330B | $1.370B | $1.416B |
YoY Change | -6.06% | 9.21% | 8.25% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.878B | $2.943B | $2.848B |
YoY Change | 1.04% | 2.19% | 4.06% |
Goodwill | |||
YoY Change | |||
Intangibles | $20.06M | $21.75M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $109.1M | $112.4M | $110.0M |
YoY Change | -0.85% | -26.55% | 39.59% |
Total Long-Term Assets | $3.007B | $3.077B | $2.981B |
YoY Change | 0.89% | 0.66% | 4.93% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.330B | $1.370B | $1.416B |
Total Long-Term Assets | $3.007B | $3.077B | $2.981B |
Total Assets | $4.337B | $4.447B | $4.396B |
YoY Change | -1.35% | 3.15% | 5.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $236.3M | $206.5M | $170.1M |
YoY Change | 38.9% | 24.54% | 13.55% |
Accrued Expenses | $149.3M | $154.7M | $104.6M |
YoY Change | 42.73% | 50.93% | 0.38% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $199.3M | $159.0M | $155.6M |
YoY Change | 28.11% | 7.02% | 12.18% |
Total Short-Term Liabilities | $625.5M | $562.6M | $468.4M |
YoY Change | 33.54% | 25.09% | 8.65% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.626B | $1.739B | $1.787B |
YoY Change | -9.01% | -4.26% | 4.73% |
Other Long-Term Liabilities | $51.46M | $46.33M | $153.2M |
YoY Change | -66.41% | -70.29% | -3.71% |
Total Long-Term Liabilities | $1.678B | $1.785B | $1.941B |
YoY Change | -13.54% | -9.48% | 4.01% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $625.5M | $562.6M | $468.4M |
Total Long-Term Liabilities | $1.678B | $1.785B | $1.941B |
Total Liabilities | $2.303B | $2.348B | $2.994B |
YoY Change | -23.07% | -20.64% | 6.34% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.124B | $1.140B | |
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $365.8M | $309.6M | |
YoY Change | |||
Treasury Stock Shares | 24.85M shares | 21.07M shares | |
Shareholders Equity | $1.359B | $1.421B | $1.402B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.337B | $4.447B | $4.396B |
YoY Change | -1.35% | 3.15% | 5.98% |
Cashflow Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $100.0K | $37.20M | $25.50M |
YoY Change | -99.61% | 90.77% | -10.84% |
Depreciation, Depletion And Amortization | $63.39M | $61.20M | $58.77M |
YoY Change | 7.86% | 7.75% | 5.89% |
Cash From Operating Activities | $110.1M | $78.80M | $134.9M |
YoY Change | -18.38% | 46.2% | -4.8% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$68.10M | -$18.70M | -$17.10M |
YoY Change | 298.25% | -89.61% | -80.66% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$94.60M | $71.20M | -$53.40M |
YoY Change | 77.15% | -319.08% | -51.28% |
Cash From Investing Activities | -$162.6M | $52.60M | -$70.60M |
YoY Change | 130.31% | -124.75% | -64.34% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -2.000M | -101.8M | -40.70M |
YoY Change | -95.09% | -180.28% | -228.8% |
NET CHANGE | |||
Cash From Operating Activities | 110.1M | 78.80M | 134.9M |
Cash From Investing Activities | -162.6M | 52.60M | -70.60M |
Cash From Financing Activities | -2.000M | -101.8M | -40.70M |
Net Change In Cash | -54.50M | 29.60M | 23.60M |
YoY Change | -330.93% | -193.08% | -195.55% |
FREE CASH FLOW | |||
Cash From Operating Activities | $110.1M | $78.80M | $134.9M |
Capital Expenditures | -$68.10M | -$18.70M | -$17.10M |
Free Cash Flow | $178.2M | $97.50M | $152.0M |
YoY Change | 17.24% | -58.3% | -33.94% |
Facts In Submission
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|
2708981000 | USD | |
CY2010Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
628576000 | USD |
CY2010Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
40216000 | USD |
CY2011Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
928598000 | USD |
CY2010Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13775000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
94440000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
382000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
59295000 | USD | |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
82774000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
76414000 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6360000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
6762000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
12518000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4888000 | USD | |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
skyw |
Proceeds From Returns Of Deposits On Aircraft And Rotable Spare Parts
ProceedsFromReturnsOfDepositsOnAircraftAndRotableSpareParts
|
-4247000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
103556000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
81698000 | USD | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
27981000 | USD | |
skyw |
Payments To Acquire Buildings And Ground Equipment
PaymentsToAcquireBuildingsAndGroundEquipment
|
7216000 | USD | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
125424000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
138000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
488051000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
|
636887000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
332000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-27740000 | USD | |
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000793733 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
SKYWEST INC | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | ||
us-gaap |
Gain On Purchase Of Business
GainOnPurchaseOfBusiness
|
-5711000 | USD |