Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of SkyWest.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.53B | $2.94B | $3.00B | $2.71B | $2.13B | $2.97B | $3.22B | $3.12B | $3.12B | $3.10B |
| Cost of Revenue | $1.46B | $2.56B | $2.51B | $2.52B | $2.14B | $2.19B | $2.47B | $2.48B | $2.52B | $2.55B |
| Gross Profit | $2.06B | $372.19M | $499.31M | $193.72M | $-13.89M | $777.86M | $747.11M | $638.98M | $598.01M | $548.37M |
| Gross Profit Ratio | 58.50% | 12.70% | 16.62% | 7.10% | -0.65% | 26.17% | 23.19% | 20.46% | 19.16% | 17.71% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.74B | $- | $318.14M | $255.93M | $222.80M | $243.73M | $272.83M | $250.78M | $305.04M | $- |
| Other Expenses | $294.31M | $268.12M | $318.14M | $-166.74M | $-122.69M | $243.73M | $3.62M | $400.00K | $-94.00K | $33.66M |
| Operating Expenses | $3.03B | $268.12M | $318.14M | $-166.74M | $-122.69M | $243.73M | $272.83M | $250.78M | $305.04M | $313.85M |
| Cost and Expenses | $4.50B | $2.83B | $2.82B | $2.35B | $2.02B | $2.44B | $2.75B | $2.73B | $2.83B | $2.86B |
| Interest Income | $47.96M | $43.93M | $17.61M | $1.11M | $5.88M | $14.13M | $8.82M | $4.51M | $2.14M | $2.00M |
| Interest Expense | $114.34M | $130.93M | $127.08M | $123.12M | $123.17M | $127.75M | $120.41M | $104.92M | $78.18M | $75.85M |
| Depreciation and Amortization | $383.88M | $383.12M | $394.55M | $440.20M | $474.96M | $368.10M | $334.59M | $292.77M | $284.97M | $264.51M |
| EBITDA | $930.36M | $554.35M | $627.10M | $377.99M | $238.27M | $942.16M | $808.87M | $680.97M | $114.33M | $499.02M |
| EBITDA Ratio | 26.37% | 18.88% | 7.31% | 13.21% | 5.45% | 20.05% | 15.11% | 12.59% | 9.45% | 8.73% |
| Operating Income | $494.66M | $104.07M | $-174.89M | $-81.87M | $-359.11M | $227.83M | $474.28M | $388.20M | $-172.68M | $234.51M |
| Operating Income Ratio | 14.02% | 3.55% | -5.82% | -3.02% | -16.88% | 7.67% | 14.72% | 12.43% | -5.53% | 7.58% |
| Total Other Income Expenses Net | $-62.51M | $-63.76M | $-88.58M | $-125.26M | $-116.13M | $-65.95M | $-107.97M | $-100.02M | $-76.13M | $-40.19M |
| Income Before Tax | $432.14M | $40.31M | $92.58M | $150.61M | $-7.33M | $446.31M | $366.31M | $288.18M | $-248.81M | $194.32M |
| Income Before Tax Ratio | 12.25% | 1.37% | 3.08% | 5.55% | -0.34% | 15.02% | 11.37% | 9.23% | -7.97% | 6.28% |
| Income Tax Expense | $109.18M | $5.97M | $19.63M | $38.70M | $1.19M | $106.21M | $85.94M | $-140.72M | $-87.23M | $76.50M |
| Net Income | $322.96M | $34.34M | $72.95M | $111.91M | $-8.52M | $340.10M | $280.37M | $428.91M | $-161.59M | $117.82M |
| Net Income Ratio | 9.15% | 1.17% | 2.43% | 4.12% | -0.40% | 11.44% | 8.70% | 13.74% | -5.18% | 3.81% |
| EPS | $8.02 | $0.78 | $1.44 | $2.22 | $-0.17 | $6.68 | $5.40 | $8.28 | $-3.14 | $2.31 |
| EPS Diluted | $7.77 | $0.77 | $1.44 | $2.21 | $-0.17 | $6.62 | $5.30 | $8.08 | $-3.14 | $2.27 |
| Weighted Average Shares Outstanding | 40.26M | 43.94M | 50.55M | 50.35M | 50.20M | 50.93M | 51.91M | 51.80M | 51.46M | 51.08M |
| Weighted Average Shares Outstanding Diluted | 41.55M | 44.60M | 50.64M | 50.75M | 50.20M | 51.38M | 52.87M | 53.10M | 51.51M | 51.83M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $227.36M | $148.28M | $102.98M | $258.42M | $215.72M | $87.21M | $328.38M | $181.79M | $146.77M | $203.03M |
| Short Term Investments | $574.27M | $686.95M | $944.23M | $601.99M | $610.18M | $432.97M | $360.94M | $503.50M | $409.90M | $286.67M |
| Cash and Short Term Investments | $801.63M | $835.22M | $1.05B | $860.41M | $825.91M | $520.17M | $689.33M | $685.29M | $556.66M | $489.70M |
| Net Receivables | $122.78M | $84.05M | $110.42M | $65.35M | $34.46M | $94.12M | $90.13M | $48.05M | $53.91M | $65.03M |
| Inventory | $139.00M | $127.11M | $123.21M | $104.09M | $91.20M | $110.50M | $127.69M | $119.75M | $118.51M | $140.31M |
| Other Current Assets | $53.66M | $85.50M | $90.43M | $38.74M | $31.24M | $35.55M | $113.64M | $142.04M | $188.71M | $322.52M |
| Total Current Assets | $1.12B | $1.13B | $1.37B | $1.07B | $982.80M | $760.35M | $1.02B | $995.13M | $917.79M | $1.02B |
| Property Plant Equipment Net | $5.68B | $5.57B | $5.70B | $5.74B | $5.64B | $5.73B | $5.01B | $4.18B | $3.82B | $3.47B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $8.25M | $10.50M |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $8.25M | $10.50M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $347.66M | $324.70M | $342.86M | $320.24M | $260.41M | $166.09M | $286.67M | $296.26M | $260.23M | $283.17M |
| Total Non-Current Assets | $6.02B | $5.89B | $6.04B | $6.06B | $5.90B | $5.90B | $5.29B | $4.48B | $4.09B | $3.76B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $7.14B | $7.03B | $7.41B | $7.13B | $6.89B | $6.66B | $6.31B | $5.47B | $5.01B | $4.78B |
| Account Payables | $527.35M | $470.25M | $422.00M | $496.33M | $278.68M | $284.47M | $331.98M | $288.90M | $241.22M | $279.86M |
| Short Term Debt | $576.52M | $463.20M | $510.23M | $470.68M | $484.80M | $458.93M | $350.21M | $309.68M | $305.46M | $268.67M |
| Tax Payables | $22.58M | $26.08M | $20.48M | $28.87M | $26.18M | $15.00M | $16.02M | $19.23M | $15.62M | $17.18M |
| Deferred Revenue | $-20.47M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $303.14M | $294.76M | $219.83M | $198.74M | $152.06M | $166.27M | $226.61M | $203.01M | $184.97M | $182.32M |
| Total Current Liabilities | $1.43B | $1.25B | $1.17B | $1.19B | $941.72M | $924.68M | $924.83M | $820.83M | $747.26M | $748.03M |
| Long Term Debt | $2.20B | $2.63B | $3.03B | $2.88B | $3.01B | $2.89B | $2.81B | $2.38B | $2.24B | $1.66B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $687.06M | $663.24M | $625.93M | $623.58M | $518.16M | $419.02M | $565.40M | $749.58M |
| Other Non-Current Liabilities | $1.10B | $1.03B | $863.99M | $788.12M | $798.97M | $45.63M | $96.18M | $102.89M | $104.30M | $118.71M |
| Total Non-Current Liabilities | $3.30B | $3.66B | $3.89B | $3.66B | $3.81B | $3.56B | $3.42B | $2.90B | $2.91B | $2.53B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $4.73B | $4.91B | $5.07B | $4.86B | $4.75B | $4.48B | $4.35B | $3.72B | $3.66B | $3.28B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $777.09M | $754.36M | $734.43M | $722.31M | $704.67M | $686.81M | $690.91M | $672.59M | $657.35M | $641.64M |
| Retained Earnings | $2.59B | $2.27B | $2.24B | $2.16B | $2.05B | $2.08B | $1.78B | $1.52B | $1.10B | $1.28B |
| Accumulated Other Comprehensive Income Loss | $168.00K | $325.00K | $-3.80M | $- | $- | $- | $-32.00K | $-50.00K | $-71.00K | $-260.00K |
| Other Total Stockholders Equity | $-962.65M | $-912.40M | $-619.86M | $-618.71M | $-617.14M | $-590.97M | $-503.18M | $-435.18M | $-410.09M | $-410.09M |
| Total Stockholders Equity | $2.41B | $2.11B | $2.35B | $2.27B | $2.14B | $2.18B | $1.96B | $1.75B | $1.35B | $1.51B |
| Total Equity | $2.41B | $2.11B | $2.35B | $2.27B | $2.14B | $2.18B | $1.96B | $1.75B | $1.35B | $1.51B |
| Total Liabilities and Stockholders Equity | $7.14B | $7.03B | $7.41B | $7.13B | $6.89B | $6.66B | $6.31B | $5.47B | $5.01B | $4.78B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $7.14B | $7.03B | $7.41B | $7.13B | $6.89B | $6.66B | $6.31B | $5.47B | $5.01B | $4.78B |
| Total Investments | $574.27M | $686.95M | $944.23M | $601.99M | $610.18M | $432.97M | $360.94M | $503.50M | $409.90M | $286.67M |
| Total Debt | $2.76B | $3.09B | $3.54B | $3.35B | $3.49B | $3.35B | $3.16B | $2.69B | $2.55B | $1.93B |
| Net Debt | $2.53B | $2.94B | $3.44B | $3.09B | $3.28B | $3.26B | $2.83B | $2.51B | $2.40B | $1.72B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $322.96M | $34.34M | $72.95M | $111.91M | $-8.52M | $340.10M | $280.37M | $428.91M | $-161.59M | $117.82M |
| Depreciation and Amortization | $383.88M | $383.12M | $394.55M | $440.20M | $474.96M | $368.10M | $334.59M | $292.77M | $284.97M | $264.51M |
| Deferred Income Tax | $- | $539.00K | $23.82M | $37.30M | $6.10M | $109.65M | $99.14M | $-145.52M | $-83.44M | $73.84M |
| Stock Based Compensation | $19.86M | $17.12M | $9.16M | $8.69M | $6.80M | $10.27M | $13.11M | $10.58M | $7.57M | $5.37M |
| Change in Working Capital | $- | $312.90M | $-47.58M | $157.97M | $133.43M | $-82.44M | $75.33M | $97.39M | $-5.21M | $-7.77M |
| Accounts Receivables | $- | $33.42M | $-32.96M | $-30.09M | $26.83M | $-40.70M | $-21.46M | $4.20M | $15.26M | $21.08M |
| Inventory | $-11.89M | $-3.90M | $-16.63M | $-12.90M | $19.31M | $-4.30M | $-7.93M | $-1.25M | $-1.99M | $-2.86M |
| Accounts Payables | $-3.14M | $80.96M | $-42.03M | $231.18M | $-26.98M | $-54.04M | $118.97M | $46.93M | $-47.56M | $-20.72M |
| Other Working Capital | $- | $202.43M | $44.04M | $-30.22M | $114.28M | $16.61M | $-14.24M | $47.50M | $29.07M | $-5.27M |
| Other Non Cash Items | $-34.24M | $-11.68M | $27.46M | $75.76M | $20.79M | $-24.66M | $676.23M | $544.55M | $464.37M | $-33.66M |
| Net Cash Provided by Operating Activities | $692.46M | $736.33M | $480.38M | $831.82M | $633.56M | $721.03M | $802.53M | $684.12M | $506.67M | $420.10M |
| Investments in Property Plant and Equipment | $- | $-316.33M | $-682.59M | $-681.40M | $-447.92M | $-714.73M | $-1.14B | $-735.38M | $-1.15B | $-721.28M |
| Acquisitions Net | $- | $- | $155.37M | $40.08M | $31.10M | $53.20M | $49.55M | $88.53M | $3.01M | $12.16M |
| Purchases of Investments | $-1.43B | $-1.34B | $-1.83B | $-1.52B | $-1.35B | $-1.94B | $-2.31B | $-1.53B | $-2.51B | $-1.17B |
| Sales Maturities of Investments | $1.54B | $1.60B | $1.49B | $1.53B | $1.17B | $1.87B | $2.45B | $1.44B | $2.39B | $1.30B |
| Other Investing Activities | $-341.15M | $31.69M | $-31.62M | $-65.39M | $-89.43M | $76.49M | $-36.82M | $-10.90M | $97.10M | $10.77M |
| Net Cash Used for Investing Activities | $-228.63M | $-23.23M | $-904.89M | $-698.52M | $-683.47M | $-657.03M | $-983.40M | $-751.34M | $-1.18B | $-569.72M |
| Debt Repayment | $-336.69M | $-377.92M | $269.45M | $-90.50M | $218.96M | $-182.40M | $413.89M | $141.42M | $623.91M | $237.60M |
| Common Stock Issued | $2.86M | $2.81M | $2.96M | $3.15M | $2.82M | $6.27M | $5.21M | $4.66M | $8.14M | $9.75M |
| Common Stock Repurchased | $-43.32M | $-291.95M | $- | $- | $-20.00M | $-94.62M | $-54.45M | $-20.01M | $- | $-18.73M |
| Dividends Paid | $- | $- | $- | $- | $-13.06M | $-23.47M | $-19.74M | $-15.02M | $-9.26M | $-8.26M |
| Other Financing Activities | $-7.60M | $-760.00K | $-3.33M | $-3.24M | $-10.29M | $-10.96M | $-17.45M | $-8.82M | $-8.65M | $2.78M |
| Net Cash Used Provided by Financing Activities | $-384.75M | $-667.81M | $269.08M | $-90.60M | $178.43M | $-305.17M | $327.46M | $102.24M | $614.14M | $220.37M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $79.08M | $45.29M | $-155.44M | $42.70M | $128.52M | $-241.18M | $146.59M | $35.03M | $-56.27M | $70.76M |
| Cash at End of Period | $227.36M | $148.28M | $102.98M | $258.42M | $215.72M | $87.21M | $328.38M | $181.79M | $146.77M | $203.03M |
| Cash at Beginning of Period | $148.28M | $102.98M | $258.42M | $215.72M | $87.21M | $328.38M | $181.79M | $146.77M | $203.03M | $132.28M |
| Operating Cash Flow | $692.46M | $736.33M | $480.38M | $831.82M | $633.56M | $721.03M | $802.53M | $684.12M | $506.67M | $420.10M |
| Capital Expenditure | $- | $-316.33M | $-682.59M | $-681.40M | $-447.92M | $-714.73M | $-1.14B | $-735.38M | $-1.15B | $-721.28M |
| Free Cash Flow | $692.46M | $420.01M | $-202.22M | $150.42M | $185.64M | $6.30M | $-336.18M | $-51.25M | $-647.30M | $-301.17M |