$SKYW
SKYWEST INC

2023 Q2 Form 10-Q Financial Statement

#000155837023008091 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $725.6M $691.8M
YoY Change -9.19% -5.89%
Cost Of Revenue $200.2M $201.0M
YoY Change -16.68% -3.69%
Gross Profit $525.5M $490.8M
YoY Change -5.97% -6.77%
Gross Profit Margin 72.42% 70.94%
Selling, General & Admin $322.4M $335.2M
YoY Change 11.74% 11.71%
% of Gross Profit 61.36% 68.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.17M $94.15M
YoY Change -0.08% -8.37%
% of Gross Profit 18.49% 19.18%
Operating Expenses $493.6M $696.5M
YoY Change -30.52% 1.97%
Operating Profit $31.86M -$4.704M
YoY Change -64.04% -109.04%
Interest Expense -$23.22M $33.62M
YoY Change -176.31% 17.59%
% of Operating Profit -72.89%
Other Income/Expense, Net $9.001M -$21.41M
YoY Change -156.77% -21.53%
Pretax Income $17.64M -$26.12M
YoY Change -75.76% -205.48%
Income Tax $2.218M -$4.046M
% Of Pretax Income 12.58%
Net Earnings $15.42M -$22.07M
YoY Change -71.42% -224.46%
Net Earnings / Revenue 2.12% -3.19%
Basic Earnings Per Share $0.35 -$0.45
Diluted Earnings Per Share $0.35 -$0.45
COMMON SHARES
Basic Shares Outstanding 44.43M 50.44M
Diluted Shares Outstanding 44.22M 49.39M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $862.3M $935.9M
YoY Change -11.52% 9.27%
Cash & Equivalents $862.3M $74.52M
Short-Term Investments $747.9M $861.3M
Other Short-Term Assets $320.8M $92.65M
YoY Change 527.76% 147.47%
Inventory $123.6M $122.4M
Prepaid Expenses
Receivables $104.7M $101.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.183B $1.252B
YoY Change -2.77% 16.79%
LONG-TERM ASSETS
Property, Plant & Equipment $5.491B $5.600B
YoY Change -1.94% 1.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.90M $24.90M
YoY Change 2.47% 4.18%
Other Assets $441.5M $324.0M
YoY Change 34.75% 7.84%
Total Long-Term Assets $5.933B $5.982B
YoY Change -3.06% -1.57%
TOTAL ASSETS
Total Short-Term Assets $1.183B $1.252B
Total Long-Term Assets $5.933B $5.982B
Total Assets $7.116B $7.234B
YoY Change -3.01% 1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $457.3M $452.2M
YoY Change 4.45% 9.56%
Accrued Expenses $230.6M $223.1M
YoY Change -20.56% -15.11%
Deferred Revenue $7.300M $5.600M
YoY Change -64.9% -83.03%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $442.2M $443.3M
YoY Change 4.04% 8.1%
Total Short-Term Liabilities $1.166B $1.152B
YoY Change -2.71% 0.86%
LONG-TERM LIABILITIES
Long-Term Debt $2.744B $2.856B
YoY Change -4.21% 2.3%
Other Long-Term Liabilities $1.049B $236.1M
YoY Change 817.3% 117.29%
Total Long-Term Liabilities $3.793B $3.092B
YoY Change 27.32% 6.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.166B $1.152B
Total Long-Term Liabilities $3.793B $3.092B
Total Liabilities $4.959B $4.244B
YoY Change 18.7% 4.99%
SHAREHOLDERS EQUITY
Retained Earnings $2.230B $2.215B
YoY Change -0.24% 1.52%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.157B $2.232B
YoY Change
Total Liabilities & Shareholders Equity $7.116B $7.234B
YoY Change -3.01% 1.19%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $15.42M -$22.07M
YoY Change -71.42% -224.46%
Depreciation, Depletion And Amortization $97.17M $94.15M
YoY Change -0.08% -8.37%
Cash From Operating Activities $182.8M $150.2M
YoY Change -6.15% 632.41%
INVESTING ACTIVITIES
Capital Expenditures $30.60M $10.32M
YoY Change -114.88% 361.49%
Acquisitions
YoY Change
Other Investing Activities $97.60M -$19.77M
YoY Change -143.12% -5207.49%
Cash From Investing Activities $67.00M $3.032M
YoY Change -115.51% -102.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $107.3M
YoY Change 14.15%
Cash From Financing Activities -209.9M -181.7M
YoY Change -340.65% -298.06%
NET CHANGE
Cash From Operating Activities 182.8M 150.2M
Cash From Investing Activities 67.00M 3.032M
Cash From Financing Activities -209.9M -181.7M
Net Change In Cash 39.90M -28.46M
YoY Change -126.61% 129.15%
FREE CASH FLOW
Cash From Operating Activities $182.8M $150.2M
Capital Expenditures $30.60M $10.32M
Free Cash Flow $152.2M $139.9M
YoY Change -61.98% 665.56%

Facts In Submission

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CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
185740000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
107276000
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
93979000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
108000
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
413000
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1275000
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1514000
CY2023Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
585000
CY2022Q1 skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
1123000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100001000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-181695000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
91739000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102984000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258421000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74524000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
246001000
CY2023Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4649000
CY2022Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
13567000
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y9M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.060
CY2023Q1 skyw Derecognition Of Right Of Use Assets
DerecognitionOfRightOfUseAssets
35062000
CY2023Q1 skyw Derecognition Of Operating Lease Liabilities
DerecognitionOfOperatingLeaseLiabilities
35062000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
33838000
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
19900000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
29840000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
533000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
116000
CY2023Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.884
CY2022Q1 skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.888
CY2023Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.116
CY2022Q1 skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.112
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39300000
CY2023Q1 skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
3300000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7500000
CY2022Q1 skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
3600000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
204600000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5600000
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
199000000.0
CY2023Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
16600000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
144700000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5200000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
139500000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3326765000
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16560000
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16555000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
34183000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
45441000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
40470000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
34904000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
34882000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
86244000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
276124000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5600000000
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
120000000.0
CY2023Q1 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
195500000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3600000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
37385000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
631000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3570000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
33184000
CY2023Q1 skyw Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Replacement With Common Stock Shares Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingReplacementWithCommonStockSharesRatio
1
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4300000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4100000
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1485000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
203000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
338821000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
446277000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22071000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17734000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49391000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50480000
CY2022Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
228000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49391000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50708000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
691831000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
696535000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
94149000
CY2023Q1 us-gaap Interest Expense
InterestExpense
33620000
CY2023Q1 skyw Segment Profit Loss
SegmentProfitLoss
-38324000
CY2023Q1 us-gaap Assets
Assets
7233761000
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
107921000
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 Loss
SegmentProfitLoss
23456000
CY2022Q1 us-gaap Assets
Assets
7148958000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
127585000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
96400000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18700000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76400000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
13600000
CY2023Q1 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%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></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;">9.8 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>
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
530357000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
507226000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
24948000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
21841000
CY2023Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
803000
CY2022Q1 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1018000
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
1350000
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
1803000
CY2023Q1 us-gaap Lease Cost
LeaseCost
24401000
CY2022Q1 us-gaap Lease Cost
LeaseCost
21056000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14586000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22180000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16517000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13436000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12293000
CY2023Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
54321000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
133333000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
133333000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14586000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22180000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16517000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13436000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12293000
CY2023Q1 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
54321000
CY2023Q1 us-gaap Purchase Obligation
PurchaseObligation
140337000
CY2023Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
53170000
CY2023Q1 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
59396000
CY2023Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
27771000
CY2023Q1 skyw Interest Commitment
InterestCommitment
537120000
CY2023Q1 skyw Interest Commitment Future Minimum Payments Remainder Of Fiscal Year
InterestCommitmentFutureMinimumPaymentsRemainderOfFiscalYear
95916000
CY2023Q1 skyw Interest Commitment Due In Next Twelve Months
InterestCommitmentDueInNextTwelveMonths
113943000
CY2023Q1 skyw Interest Commitment Due In Year Two
InterestCommitmentDueInYearTwo
93846000
CY2023Q1 skyw Interest Commitment Due In Year Three
InterestCommitmentDueInYearThree
74283000
CY2023Q1 skyw Interest Commitment Due In Year Four
InterestCommitmentDueInYearFour
52660000
CY2023Q1 skyw Interest Commitment Due After Year Four
InterestCommitmentDueAfterYearFour
106472000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
460455000
CY2023Q1 skyw Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
1043629000
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
4137555000
CY2023Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
502493000
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
641796000
CY2023Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
668491000
CY2023Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
594945000
CY2023Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
525408000
CY2023Q1 skyw Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
1204422000
CY2023Q1 skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2022 skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2023Q1 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
864400000
CY2022Q4 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
949300000
CY2023Q1 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
447179000
CY2022Q4 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
442360000
CY2023Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3851000
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3858000
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
443328000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
438502000
CY2023Q1 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2879586000
CY2022Q4 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2966951000
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
24062000
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
25179000
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2855524000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2941772000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3326765000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3409311000
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
27913000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
29037000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
3298852000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3380274000
CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.040
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.040
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.155
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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

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