$SKYW
SKYWEST INC

2024 Q3 Form 10-Q Financial Statement

#000155837024010241 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $912.8M $867.1M
YoY Change 19.14% 19.5%
Cost Of Revenue $228.4M $223.4M
YoY Change 2.72% 11.63%
Gross Profit $684.4M $643.7M
YoY Change 25.84% 22.49%
Gross Profit Margin 74.98% 74.23%
Selling, General & Admin $377.4M $355.0M
YoY Change 13.34% 10.1%
% of Gross Profit 55.15% 55.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.66M $96.81M
YoY Change 0.11% -0.37%
% of Gross Profit 14.12% 15.04%
Operating Expenses $781.4M $747.5M
YoY Change 8.99% 51.42%
Operating Profit $131.4M $119.6M
YoY Change 166.65% 275.52%
Interest Expense -$15.35M -$16.93M
YoY Change -147.16% -27.12%
% of Operating Profit -11.68% -14.15%
Other Income/Expense, Net -$15.24M -$17.47M
YoY Change -38.9% -294.13%
Pretax Income $116.2M $102.2M
YoY Change 377.17% 479.27%
Income Tax $26.49M $26.59M
% Of Pretax Income 22.8% 26.02%
Net Earnings $89.71M $75.58M
YoY Change 281.74% 390.16%
Net Earnings / Revenue 9.83% 8.72%
Basic Earnings Per Share $2.23 $1.88
Diluted Earnings Per Share $2.16 $1.82
COMMON SHARES
Basic Shares Outstanding 40.10M 40.26M
Diluted Shares Outstanding 41.56M 41.43M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $836.0M $834.3M
YoY Change 2.01% -3.26%
Cash & Equivalents $177.6M $141.8M
Short-Term Investments $658.4M $692.5M
Other Short-Term Assets $50.50M $43.73M
YoY Change -47.68% -86.37%
Inventory $136.5M $134.4M
Prepaid Expenses
Receivables $111.2M $102.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.134B $1.115B
YoY Change -2.39% -5.75%
LONG-TERM ASSETS
Property, Plant & Equipment $5.400B $5.400B
YoY Change -1.82% -1.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $52.50M $22.60M
YoY Change 110.0% -9.24%
Other Assets $405.1M $412.5M
YoY Change 1.61% -6.56%
Total Long-Term Assets $5.822B $5.847B
YoY Change -1.27% -1.44%
TOTAL ASSETS
Total Short-Term Assets $1.134B $1.115B
Total Long-Term Assets $5.822B $5.847B
Total Assets $6.957B $6.962B
YoY Change -1.45% -2.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $460.3M $479.6M
YoY Change -5.44% 4.88%
Accrued Expenses $256.3M $241.4M
YoY Change 9.77% 4.7%
Deferred Revenue $59.60M $64.20M
YoY Change 496.0% 779.45%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $496.8M $497.7M
YoY Change 12.09% 12.57%
Total Short-Term Liabilities $1.314B $1.324B
YoY Change 9.0% 13.55%
LONG-TERM LIABILITIES
Long-Term Debt $2.197B $2.284B
YoY Change -16.6% -16.74%
Other Long-Term Liabilities $315.6M $334.0M
YoY Change -5.78% -68.15%
Total Long-Term Liabilities $2.512B $2.618B
YoY Change -15.38% -30.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.314B $1.324B
Total Long-Term Liabilities $2.512B $2.618B
Total Liabilities $3.826B $3.942B
YoY Change -8.34% -20.5%
SHAREHOLDERS EQUITY
Retained Earnings $2.497B $2.407B
YoY Change 10.79% 7.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.311B $2.231B
YoY Change
Total Liabilities & Shareholders Equity $6.957B $6.962B
YoY Change -1.45% -2.15%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $89.71M $75.58M
YoY Change 281.74% 390.16%
Depreciation, Depletion And Amortization $96.66M $96.81M
YoY Change 0.11% -0.37%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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444 South River Road
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dei Security12b Title
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2113502000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60298000
CY2024Q1 skyw Treasury Shares Withheld For Payment Of Tax
TreasurySharesWithheldForPaymentOfTax
6930000
CY2024Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1446000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5510000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8750000
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
56000
CY2024Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-173000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
2164903000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75578000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4812000
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
13453000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
212000
CY2024Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-660000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2231180000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2347631000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22071000
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
57000
CY2023Q1 skyw Treasury Shares Withheld For Payment Of Tax
TreasurySharesWithheldForPaymentOfTax
585000
CY2023Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1218000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4329000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100001000
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
476000
CY2023Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1480000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2232058000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15419000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4246000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
95998000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
488000
CY2023Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1514000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2157239000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
322962000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
333023000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
722347000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
533465000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
715951000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
732774000
us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
46833000
us-gaap Payments For Flight Equipment
PaymentsForFlightEquipment
122529000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10180000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11338000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2958000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3815000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
15542000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-734000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75993000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
69991000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
225799000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
221148000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
108000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1446000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1275000
skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
6930000
skyw Treasury Shares Withheld For Payment Of Taxes
TreasurySharesWithheldForPaymentOfTaxes
585000
skyw Payments For Repurchase Of Common Stock And Related Excise Tax
PaymentsForRepurchaseOfCommonStockAndRelatedExciseTax
22203000
skyw Payments For Repurchase Of Common Stock And Related Excise Tax
PaymentsForRepurchaseOfCommonStockAndRelatedExciseTax
195999000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-253486000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-391565000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6517000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11449000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148277000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102984000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141760000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114433000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
28244000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
73000
skyw Derecognition Of Right Of Use Assets
DerecognitionOfRightOfUseAssets
35062000
skyw Derecognition Of Operating Lease Liabilities
DerecognitionOfOperatingLeaseLiabilities
35062000
us-gaap Interest Paid Net
InterestPaidNet
58801000
us-gaap Interest Paid Net
InterestPaidNet
66131000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14268000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2902000
skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.871
skyw Percentage Of Available Seat Miles Flown Under Fixed Fee Arrangements
PercentageOfAvailableSeatMilesFlownUnderFixedFeeArrangements
0.883
skyw Essential Air Service Contract Term
EssentialAirServiceContractTerm
P2Y
skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.129
skyw Percentage Of Available Seat Miles Flown Under Pro Rate Arrangements
PercentageOfAvailableSeatMilesFlownUnderProRateArrangements
0.117
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6000000.0
skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
77400000
skyw Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
6000000.0
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
367600000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
64200000
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
303400000
CY2024Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
6700000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
374600000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
61000000.0
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
313600000
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
7300000
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
22116000
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16791000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38784000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
33351000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
23417000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
42017000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
36410000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
36395000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
35508000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
54377000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
228124000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5400000000
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
106900000
CY2024Q2 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
206000000.0
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18699000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-974000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19673000
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
10300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8600000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
203000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1461000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75578000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15419000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
135876000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6652000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40179000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43837000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40239000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46614000
CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1252000
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
382000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1223000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41431000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44219000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41462000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46614000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.82
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
867118000
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
747478000
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
96814000
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
28966000
CY2024Q2 skyw Segment Profit Loss
SegmentProfitLoss
90674000
CY2024Q2 us-gaap Assets
Assets
6962439000
CY2024Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
40907000
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
725643000
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
693783000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
97169000
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
33718000
CY2023Q2 skyw Segment Profit Loss
SegmentProfitLoss
-1858000
CY2023Q2 us-gaap Assets
Assets
7115774000
CY2023Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26019000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1670732000
us-gaap Operating Expenses
OperatingExpenses
1451586000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192684000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
58795000
skyw Segment Profit Loss
SegmentProfitLoss
160351000
CY2024Q2 us-gaap Assets
Assets
6962439000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
85257000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1417474000
us-gaap Operating Expenses
OperatingExpenses
1390318000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
191318000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
67338000
skyw Segment Profit Loss
SegmentProfitLoss
-40182000
CY2023Q2 us-gaap Assets
Assets
7115774000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
133940000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
82400000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18800000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
63600000
us-gaap Operating Lease Payments
OperatingLeasePayments
10700000
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;">11.5 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;">6.2%</p></td></tr></table>
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y6M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
6658000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7857000
us-gaap Operating Lease Cost
OperatingLeaseCost
13917000
us-gaap Operating Lease Cost
OperatingLeaseCost
32805000
CY2024Q2 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
543000
CY2023Q2 skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
534000
skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1576000
skyw Variable And Short Term Lease Cost
VariableAndShortTermLeaseCost
1337000
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
1268000
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
1351000
us-gaap Sublease Income
SubleaseIncome
2514000
us-gaap Sublease Income
SubleaseIncome
2701000
CY2024Q2 us-gaap Lease Cost
LeaseCost
5933000
CY2023Q2 us-gaap Lease Cost
LeaseCost
7040000
us-gaap Lease Cost
LeaseCost
12979000
us-gaap Lease Cost
LeaseCost
31441000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10419000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17895000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15427000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13052000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9976000
CY2024Q2 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
56617000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
123386000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
123386000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10419000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17895000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15427000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13052000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9976000
CY2024Q2 skyw Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
56617000
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
610945000
CY2024Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
143810000
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
230725000
CY2024Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
236410000
CY2024Q2 skyw Interest Commitment
InterestCommitment
414657000
CY2024Q2 skyw Interest Commitment Future Minimum Payments Remainder Of Fiscal Year
InterestCommitmentFutureMinimumPaymentsRemainderOfFiscalYear
56799000
CY2024Q2 skyw Interest Commitment Due In Next Twelve Months
InterestCommitmentDueInNextTwelveMonths
97933000
CY2024Q2 skyw Interest Commitment Due In Year Two
InterestCommitmentDueInYearTwo
78149000
CY2024Q2 skyw Interest Commitment Due In Year Three
InterestCommitmentDueInYearThree
56289000
CY2024Q2 skyw Interest Commitment Due In Year Four
InterestCommitmentDueInYearFour
40947000
CY2024Q2 skyw Interest Commitment Due After Year Four
InterestCommitmentDueAfterYearFour
84540000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2804058000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
224243000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
532255000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
510598000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
464289000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
292862000
CY2024Q2 skyw Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
779811000
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
3953046000
CY2024Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
435271000
CY2024Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
878808000
CY2024Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
840584000
CY2024Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
533630000
CY2024Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
343785000
CY2024Q2 skyw Contractual Obligation Due After Fourth Year
ContractualObligationDueAfterFourthYear
920968000
CY2022 skyw Percentage Of Guaranteed Amount Received As Consideration
PercentageOfGuaranteedAmountReceivedAsConsideration
0.065
CY2024Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
692500000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
686900000
skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2023 skyw Available For Sale Securities Maximum Period For Redemption
AvailableForSaleSecuritiesMaximumPeriodForRedemption
P1Y
CY2024Q2 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
693200000
CY2023Q4 skyw Marketable Securities At Cost
MarketableSecuritiesAtCost
686500000
CY2024Q2 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
501265000
CY2023Q4 skyw Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
447534000
CY2024Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3521000
CY2023Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3665000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
497744000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
443869000
CY2024Q2 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2302793000
CY2023Q4 skyw Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
2582776000
CY2024Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
18418000
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
20593000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2284375000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2562183000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2804058000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3030310000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21939000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24258000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
2782119000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
3006052000
CY2024Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.041
CY2024Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
100000000.0
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.035
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001558370-24-010241.txt Edgar Link pending
0001558370-24-010241-xbrl.zip Edgar Link pending
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