$SKYW
SKYWEST INC

2022 Q1 Form 10-Q Financial Statement

#000155837022007348 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $735.2M $534.6M
YoY Change 37.53% -26.77%
Cost Of Revenue $208.7M $453.7M
YoY Change -54.0% -31.63%
Gross Profit $526.4M $80.84M
YoY Change 551.21% 21.9%
Gross Profit Margin 71.61% 15.12%
Selling, General & Admin $300.1M $219.8M
YoY Change 36.51% -11.8%
% of Gross Profit 57.0% 271.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $102.7M $109.6M
YoY Change -6.25% -1.89%
% of Gross Profit 19.52% 135.57%
Operating Expenses $683.1M $453.7M
YoY Change 50.56% 5.44%
Operating Profit $52.05M $80.84M
YoY Change -35.62% 21.9%
Interest Expense $28.59M $31.35M
YoY Change -8.81% 3.81%
% of Operating Profit 54.93% 38.78%
Other Income/Expense, Net -$27.29M -$30.85M
YoY Change -11.56% 13.26%
Pretax Income $24.76M $49.99M
YoY Change -50.47% 27.92%
Income Tax $7.027M $14.09M
% Of Pretax Income 28.38% 28.18%
Net Earnings $17.73M $35.90M
YoY Change -50.6% 19.67%
Net Earnings / Revenue 2.41% 6.72%
Basic Earnings Per Share $0.35 $0.71
Diluted Earnings Per Share $0.35 $0.71
COMMON SHARES
Basic Shares Outstanding 50.48M 50.29M
Diluted Shares Outstanding 50.71M 50.73M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $856.5M $836.4M
YoY Change 2.39% 44.74%
Cash & Equivalents $246.0M $231.0M
Short-Term Investments $610.5M $605.4M
Other Short-Term Assets $37.44M $23.29M
YoY Change 60.73% -22.7%
Inventory $110.0M $95.40M
Prepaid Expenses
Receivables $68.04M $43.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.072B $998.8M
YoY Change 7.33% 29.89%
LONG-TERM ASSETS
Property, Plant & Equipment $5.500B $5.300B
YoY Change 3.77% -1.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $23.90M $25.70M
YoY Change -7.0%
Other Assets $300.4M $282.5M
YoY Change 6.34% 64.24%
Total Long-Term Assets $6.077B $5.896B
YoY Change 3.07% 0.06%
TOTAL ASSETS
Total Short-Term Assets $1.072B $998.8M
Total Long-Term Assets $6.077B $5.896B
Total Assets $7.149B $6.895B
YoY Change 3.69% 3.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.8M $315.2M
YoY Change 30.94% -22.6%
Accrued Expenses $262.8M $231.9M
YoY Change 13.33% 7.46%
Deferred Revenue $33.00M $19.90M
YoY Change 65.83%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $410.1M $357.5M
YoY Change 14.73% -1.95%
Total Short-Term Liabilities $1.142B $950.4M
YoY Change 20.19% -6.81%
LONG-TERM LIABILITIES
Long-Term Debt $2.791B $2.749B
YoY Change 1.55% 8.32%
Other Long-Term Liabilities $108.7M $174.4M
YoY Change -37.68% 260.5%
Total Long-Term Liabilities $2.900B $2.923B
YoY Change -0.79% 13.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.142B $950.4M
Total Long-Term Liabilities $2.900B $2.923B
Total Liabilities $4.042B $3.874B
YoY Change 4.36% 7.42%
SHAREHOLDERS EQUITY
Retained Earnings $2.182B $2.088B
YoY Change 4.49% -0.12%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.290B $2.182B
YoY Change
Total Liabilities & Shareholders Equity $7.149B $6.895B
YoY Change 3.69% 3.5%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $17.73M $35.90M
YoY Change -50.6% 19.67%
Depreciation, Depletion And Amortization $102.7M $109.6M
YoY Change -6.25% -1.89%
Cash From Operating Activities $20.51M $231.6M
YoY Change -91.14% -14.06%
INVESTING ACTIVITIES
Capital Expenditures $2.236M $4.224M
YoY Change -47.06% 19.25%
Acquisitions
YoY Change
Other Investing Activities $387.0K $67.18M
YoY Change -99.42% 380.86%
Cash From Investing Activities -$124.7M -$121.4M
YoY Change 2.69% -320.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.514M $1.745M
YoY Change -13.24% -90.55%
Debt Paid & Issued, Net $93.98M $135.0M
YoY Change -30.39% 50.35%
Cash From Financing Activities 91.74M -94.90M
YoY Change -196.67% -22.29%
NET CHANGE
Cash From Operating Activities 20.51M 231.6M
Cash From Investing Activities -124.7M -121.4M
Cash From Financing Activities 91.74M -94.90M
Net Change In Cash -12.42M 15.28M
YoY Change -181.27% -92.45%
FREE CASH FLOW
Cash From Operating Activities $20.51M $231.6M
Capital Expenditures $2.236M $4.224M
Free Cash Flow $18.27M $227.4M
YoY Change -91.96% -14.5%

Facts In Submission

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ProceedsFromIssuanceOfCommonStock
1514000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1745000
CY2022Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
1123000
CY2021Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
1573000
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
413000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
91739000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-94904000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12420000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
15282000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258421000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215723000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
246001000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231005000
CY2022Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
13567000
CY2021Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1380000
CY2021Q1 skyw Warrants Issued
WarrantsIssued
3291000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
29840000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
31646000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
116000
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
157000
CY2022Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.888
CY2021Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.866
CY2022Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.112
CY2021Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.134
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7500000
CY2022Q1 skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
3600000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21200000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
96400000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33000000.0
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
63400000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
103900000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
24500000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
79400000
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16555000
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14950000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
34054000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
44677000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
42593000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
39145000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5500000000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
34516000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
120636000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
315621000
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
89400000
CY2022Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
232100000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
42100000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
42000000.0
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
100000
CY2022Q1 skyw Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Replacement With Common Stock Shares Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingReplacementWithCommonStockSharesRatio
1
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4100000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
361000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
295000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17734000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35900000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50480000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50286000
CY2022Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
228000
CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
441000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50708000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50727000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
735152000
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
683104000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
102745000
CY2022Q1 us-gaap Interest Expense
InterestExpense
28592000
CY2022Q1 skyw Segment Profit
SegmentProfit
23456000
CY2022Q1 us-gaap Assets
Assets
7148958000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
127585000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
534555000
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
453713000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109597000
CY2021Q1 us-gaap Interest Expense
InterestExpense
31354000
CY2021Q1 skyw Segment Profit
SegmentProfit
49488000
CY2021Q1 us-gaap Assets
Assets
6894685000
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
57508000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
223900000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
78900000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
148000000.0
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
14700000
CY2022Q1 skyw Schedule Of Related Terms And Discount Rates
ScheduleOfRelatedTermsAndDiscountRates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.99%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">As of March 31, 2022</b></p></td></tr><tr><td style="vertical-align:bottom;width:74.24%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted-average remaining lease term for operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.2 years</p></td></tr><tr><td style="vertical-align:bottom;width:74.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Weighted-average discount rate for operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:25.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.0%</p></td></tr></table>
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
21841000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
22127000
CY2022Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1018000
CY2021Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1224000
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
1803000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
1335000
CY2022Q1 us-gaap Lease Cost
LeaseCost
21056000
CY2021Q1 us-gaap Lease Cost
LeaseCost
22016000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
66742000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76049000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32144000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17568000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15491000
CY2022Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
72827000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
280821000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
280821000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
66742000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76049000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32144000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17568000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15491000
CY2022Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
72827000
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
679789000
CY2022Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
653270000
CY2022Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
26519000
CY2022Q1 skyw Interest Commitment
InterestCommitment
485584000
CY2022Q1 skyw Interest Commitment Future Minimum Payments Remainder Of Fiscal Year
InterestCommitmentFutureMinimumPaymentsRemainderOfFiscalYear
87784000
CY2022Q1 skyw Interest Commitment Due In Next Twelve Months
InterestCommitmentDueInNextTwelveMonths
103072000
CY2022Q1 skyw Interest Commitment Due In Year Two
InterestCommitmentDueInYearTwo
86121000
CY2022Q1 skyw Interest Commitment Due In Year Three
InterestCommitmentDueInYearThree
68249000
CY2022Q1 skyw Interest Commitment Due In Year Four
InterestCommitmentDueInYearFour
51641000
CY2022Q1 skyw Interest Commitment Due After Year Four
InterestCommitmentDueAfterYearFour
88717000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3232430000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
315901000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
422380000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
418088000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
485348000
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
429621000
CY2022Q1 skyw Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
1161092000
CY2022Q1 us-gaap Contractual Obligation
ContractualObligation
4678624000
CY2022Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
1123697000
CY2022Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
628020000
CY2022Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
536353000
CY2022Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
571165000
CY2022Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
496753000
CY2022Q1 skyw Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
1322636000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3140938000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31032000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31720000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
3201398000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3109218000
CY2022Q1 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
413703000
CY2021Q4 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
395371000
CY2022Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3579000
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3573000
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
410124000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
391798000
CY2022Q1 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2818727000
CY2021Q4 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2745567000
CY2022Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
27453000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
28147000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2791274000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2717420000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3232430000
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
0
CY2022Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
68600000
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.284
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.282

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