$SKYW
SKYWEST INC

2022 Q4 Form 10-Q Financial Statement

#000155837022016419 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $681.2M $789.4M
YoY Change -12.34% 6.0%
Cost Of Revenue $205.6M $245.0M
YoY Change -29.33% -13.88%
Gross Profit $475.6M $544.5M
YoY Change -2.17% 18.28%
Gross Profit Margin 69.81% 68.97%
Selling, General & Admin $315.2M $307.7M
YoY Change 17.7% 15.86%
% of Gross Profit 66.27% 56.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.13M $97.43M
YoY Change -12.59% -11.1%
% of Gross Profit 20.42% 17.89%
Operating Expenses $510.7M $468.9M
YoY Change 12.68% -32.79%
Operating Profit -$35.06M $75.58M
YoY Change -206.41% 60.63%
Interest Expense -$26.30M -$26.94M
YoY Change -5.95% -192.94%
% of Operating Profit -35.64%
Other Income/Expense, Net -$312.0K $8.112M
YoY Change -688.68% -124.7%
Pretax Income -$61.68M $56.75M
YoY Change -1324.01% 299.39%
Income Tax -$14.57M $8.381M
% Of Pretax Income 14.77%
Net Earnings -$47.10M $48.37M
YoY Change -1187.35% 399.5%
Net Earnings / Revenue -6.91% 6.13%
Basic Earnings Per Share $0.96
Diluted Earnings Per Share -$0.93 $955.3K
COMMON SHARES
Basic Shares Outstanding 50.60M 50.59M
Diluted Shares Outstanding 50.64M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.047B $1.004B
YoY Change 21.71% 10.05%
Cash & Equivalents $103.0M $1.004B
Short-Term Investments $944.2M $965.3M
Other Short-Term Assets $100.3M $258.0M
YoY Change 158.98% 787.18%
Inventory $123.2M $118.7M
Prepaid Expenses
Receivables $100.5M $72.84M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.371B $1.262B
YoY Change 28.33% 15.09%
LONG-TERM ASSETS
Property, Plant & Equipment $5.500B $5.639B
YoY Change 0.03% 6.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.60M $24.70M
YoY Change 31.68% 25.38%
Other Assets $342.9M $553.2M
YoY Change 7.07% 90.71%
Total Long-Term Assets $6.043B $6.192B
YoY Change -0.23% 5.96%
TOTAL ASSETS
Total Short-Term Assets $1.371B $1.262B
Total Long-Term Assets $6.043B $6.192B
Total Assets $7.415B $7.454B
YoY Change 4.05% 7.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $422.0M $381.4M
YoY Change -14.98% -10.87%
Accrued Expenses $278.5M $305.4M
YoY Change 7.8% 19.56%
Deferred Revenue $5.200M $1.700M
YoY Change -78.78% -97.59%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $438.5M $429.4M
YoY Change 11.92% 19.32%
Total Short-Term Liabilities $1.173B $1.160B
YoY Change -1.85% 1.95%
LONG-TERM LIABILITIES
Long-Term Debt $2.942B $2.982B
YoY Change 8.26% 14.47%
Other Long-Term Liabilities $176.9M $916.3M
YoY Change 41.67% 753.45%
Total Long-Term Liabilities $3.119B $3.898B
YoY Change 9.72% 43.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.173B $1.160B
Total Long-Term Liabilities $3.119B $3.898B
Total Liabilities $4.291B $5.058B
YoY Change 6.3% 31.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.237B $2.284B
YoY Change 3.37% 5.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.348B $2.396B
YoY Change
Total Liabilities & Shareholders Equity $7.415B $7.454B
YoY Change 4.05% 7.4%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$47.10M $48.37M
YoY Change -1187.35% 399.5%
Depreciation, Depletion And Amortization $97.13M $97.43M
YoY Change -12.59% -11.1%
Cash From Operating Activities $136.8M $128.3M
YoY Change -5.54% -31.88%
INVESTING ACTIVITIES
Capital Expenditures $111.4M -$223.5M
YoY Change -132.1% 9.7%
Acquisitions
YoY Change
Other Investing Activities $71.12M -$84.46M
YoY Change 56.37% 693.81%
Cash From Investing Activities -$40.33M -$308.0M
YoY Change -86.64% 43.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.38M 122.5M
YoY Change -122.57% -355.82%
NET CHANGE
Cash From Operating Activities 136.8M 128.3M
Cash From Investing Activities -40.33M -308.0M
Cash From Financing Activities -32.38M 122.5M
Net Change In Cash 64.13M -57.22M
YoY Change -578.26% -22.7%
FREE CASH FLOW
Cash From Operating Activities $136.8M $128.3M
Capital Expenditures $111.4M -$223.5M
Free Cash Flow $25.40M $351.8M
YoY Change -94.84% -10.27%

Facts In Submission

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CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17734000
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
27000
CY2022Q1 skyw Treasury Shares Withheld For Payment Of Tax
TreasurySharesWithheldForPaymentOfTax
1123000
CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1487000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4076000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
2289715000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
53951000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3310000
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
628000
CY2022Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-1945000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
2345031000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48372000
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
115000
CY2022Q3 skyw Treasury Shares Withheld For Payment Of Tax
TreasurySharesWithheldForPaymentOfTax
27000
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1329000
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3752000
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
843000
CY2022Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-2624000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
2395948000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2139545000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35900000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
606000
CY2021Q1 skyw Treasury Shares Withheld For Payment Of Tax
TreasurySharesWithheldForPaymentOfTax
1573000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1139000
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2613000
CY2021Q1 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
3291000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2181521000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61994000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2877000
CY2021Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
2513000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2248905000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9684000
CY2021Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1401000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1817000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
2261807000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
343535000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
686955000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1758125000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1071637000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1390198000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1041149000
us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
522683000
us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
223605000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11365000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10473000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8494000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7104000
skyw Payments For Deposits On Aircraft
PaymentsForDepositsOnAircraft
37100000
skyw Payments For Deposits On Aircraft
PaymentsForDepositsOnAircraft
100105000
skyw Proceeds From Return Of Deposits On Aircraft
ProceedsFromReturnOfDepositsOnAircraft
115085000
skyw Proceeds From Return Of Deposits On Aircraft
ProceedsFromReturnOfDepositsOnAircraft
10987000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
49073000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
50205000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-864569000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-396785000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
601389000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
213326000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
299785000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
448466000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2958000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3146000
skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
1150000
skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
1573000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1949000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
495000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
301463000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-234062000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-219571000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
56108000
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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38850000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271831000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
15801000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
13168000
skyw Warrants Issued
WarrantsIssued
5804000
us-gaap Interest Paid Net
InterestPaidNet
92230000
us-gaap Interest Paid Net
InterestPaidNet
96397000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
356000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6374000
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
94200000
CY2022Q3 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
227600000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
38000000.0
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
42000000.0
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
4000000.0
skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.880
skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.839
skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.120
skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.161
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
25800000
skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
14400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7700000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7700000
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
78100000
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1700000
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
76400000
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
CY2022Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
22800000
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15928000
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
17746000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
48933000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
49154000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
11918000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
47303000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
45279000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
40317000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
34758000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
121524000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
301099000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5600000000
skyw Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Replacement With Common Stock Shares Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingReplacementWithCommonStockSharesRatio
1
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11100000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7300000
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1093000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
78000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
715000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
78000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48372000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9684000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120057000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
107578000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50593000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50380000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50531000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50337000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
43000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
345000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
105000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
389000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50636000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50725000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50636000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50726000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.14
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
789443000
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
713867000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
97433000
CY2022Q3 us-gaap Interest Expense
InterestExpense
33283000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2022Q3 skyw Segment Profit
SegmentProfit
42293000
CY2022Q3 us-gaap Assets
Assets
7454204000
CY2022Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
221086000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
744783000
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
697733000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109597000
CY2021Q3 skyw Special Charges And Write Down Value Of Assets
SpecialChargesAndWriteDownValueOfAssets
84592000
CY2021Q3 us-gaap Interest Expense
InterestExpense
28980000
CY2021Q3 skyw Segment Profit
SegmentProfit
18070000
CY2021Q3 us-gaap Assets
Assets
6940502000
CY2021Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
163299000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2323680000
us-gaap Operating Expenses
OperatingExpenses
2107454000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
297427000
us-gaap Interest Expense
InterestExpense
92308000
skyw Segment Profit
SegmentProfit
123918000
CY2022Q3 us-gaap Assets
Assets
7454204000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
549849000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1936328000
us-gaap Operating Expenses
OperatingExpenses
1693413000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
329089000
skyw Special Charges And Write Down Value Of Assets
SpecialChargesAndWriteDownValueOfAssets
84592000
us-gaap Interest Expense
InterestExpense
94274000
skyw Segment Profit
SegmentProfit
148641000
CY2021Q3 us-gaap Assets
Assets
6940502000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
247246000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
192700000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
74100000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
117800000
us-gaap Operating Lease Payments
OperatingLeasePayments
56900000
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 September 30, 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;">6.4 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>
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
21697000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
23370000
us-gaap Operating Lease Cost
OperatingLeaseCost
65360000
us-gaap Operating Lease Cost
OperatingLeaseCost
67582000
CY2022Q3 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
765000
CY2021Q3 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
976000
skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
2588000
skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
3256000
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
1845000
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
1888000
us-gaap Sublease Income
SubleaseIncome
5492000
us-gaap Sublease Income
SubleaseIncome
4717000
CY2022Q3 us-gaap Lease Cost
LeaseCost
20617000
CY2021Q3 us-gaap Lease Cost
LeaseCost
22458000
us-gaap Lease Cost
LeaseCost
62456000
us-gaap Lease Cost
LeaseCost
66121000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
22328000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76223000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33452000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17590000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15491000
CY2022Q3 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
72872000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
237956000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
237956000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
22328000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76223000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33452000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17590000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15491000
CY2022Q3 skyw Lessee Operating Lease Liability Payments Due After Year Four
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72872000
CY2022Q3 skyw Interest Commitment Due In Next Twelve Months
InterestCommitmentDueInNextTwelveMonths
126265000
CY2022Q3 skyw Interest Commitment Due In Year Two
InterestCommitmentDueInYearTwo
108355000
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88733000
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
244425000
CY2022Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
104088000
CY2022Q3 us-gaap Purchase Obligation Due In Next Twelve Months
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85670000
CY2022Q3 us-gaap Purchase Obligation Due In Second Year
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26896000
CY2022Q3 us-gaap Purchase Obligation Due In Third Year
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27771000
CY2022Q3 skyw Interest Commitment
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CY2022Q3 skyw Interest Commitment Future Minimum Payments Remainder Of Fiscal Year
InterestCommitmentFutureMinimumPaymentsRemainderOfFiscalYear
32824000
CY2022Q3 skyw Interest Commitment Due In Year Four
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69670000
CY2022Q3 skyw Interest Commitment Due After Year Four
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139836000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3441734000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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110392000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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437798000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2022Q3 skyw Long Term Debt Maturities Repayments Of Principal After Year Four
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1433617000
CY2022Q3 us-gaap Contractual Obligation
ContractualObligation
4489798000
CY2022Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
269632000
CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
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CY2022Q3 us-gaap Contractual Obligation Due In Second Year
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CY2022Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
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CY2022Q3 us-gaap Contractual Obligation Due In Fourth Year
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583918000
CY2022Q3 skyw Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
1646325000
CY2022Q3 skyw Debt Instrument Carrying Amount Current
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433283000
CY2021Q4 skyw Debt Instrument Carrying Amount Current
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395371000
CY2022Q3 us-gaap Deferred Finance Costs Current Net
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3858000
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3573000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
429425000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
391798000
CY2022Q3 skyw Debt Instrument Carrying Amount Noncurrent
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3008451000
CY2021Q4 skyw Debt Instrument Carrying Amount Noncurrent
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2745567000
CY2022Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
26417000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
28147000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2982034000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2717420000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
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3441734000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3140938000
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
30275000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31720000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
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CY2021Q4 us-gaap Long Term Debt
LongTermDebt
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CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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100000000
CY2022Q3 us-gaap Line Of Credit
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0
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
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68600000
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q3 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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7400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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7400000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.319
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210

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