Segment Reporting

9 Months Ended

Sep. 30, 2015

Segment Reporting

Segment Reporting

Note E — Segment Reporting

Consistent with generally accepted accounting principles, the Company reports its operating results in two segments, based upon the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. The following represents the Company’s segment data for the three-month periods ended September 30, 2015 and 2014 (in thousands).

	Three months ended September 30, 2015
	SkyWest Airlines		ExpressJet			Corporate / Consolidating		Consolidated
Operating revenues	$	504,531	$	283,034		$	6,439	$	794,004
Operating expense	428,116		286,941			651		715,708
Depreciation and amortization expense	44,766		21,575			262		66,603
Interest expense	17,048		2,866			—		19,914
Segment profit (loss)(1)	59,367		(6,773		)	5,788		58,382
Identifiable intangible assets, other than goodwill	—		11,061			—		11,061
Total assets	3,523,549		1,402,894			—		4,926,443
Capital expenditures (including non-cash)	144,367		5,137			—		149,504

	Three months ended September 30, 2014
	SkyWest Airlines		ExpressJet			Corporate / Consolidating			Consolidated
Operating revenues	$	493,606	$	340,553		$	474		$	834,633
Operating expense	430,024		345,606			(77		)	775,553
Depreciation and amortization expense	43,853		21,969			—			65,822
Interest expense	11,492		4,692			699			16,883
Segment profit (loss)(1)	52,090		(9,745		)	(148		)	42,197
Identifiable intangible assets, other than goodwill	—		13,311			—			13,311
Total assets	2,825,243		1,572,389			—			4,397,632
Capital expenditures (including non-cash)	186,678		6,152			—			192,830

(1) Segment profit (loss) is equal to operating income less interest expense

The following represents the Company’s segment data for the nine-month periods ended September 30, 2015 and 2014 (in thousands).

	Nine months ended September 30, 2015
	SkyWest Airlines		ExpressJet			Corporate / Consolidating		Consolidated
Operating revenues	$	1,430,722	$	896,683		$	15,414	$	2,342,819
Operating expense	1,246,378		911,782			2,355		2,160,515
Depreciation and amortization expense	131,249		64,917			787		196,953
Interest expense	46,515		9,945			—		56,460
Segment profit (loss)(1)	137,829		(25,044		)	13,059		125,844
Identifiable intangible assets, excluding goodwill	—		11,061			—		11,061
Total assets	3,523,549		1,402,894			—		4,926,443
Capital expenditures (including non-cash)	652,714		19,860			—		672,574

	Nine months ended September 30, 2014
	SkyWest Airlines		ExpressJet			Corporate / Consolidating			Consolidated
Operating revenues	$	1,416,149	$	1,006,021		$	1,422		$	2,423,592
Operating expense	1,289,218		1,089,923			(97		)	2,379,044
Depreciation and amortization expense	125,811		66,578			—			192,389
Interest expense	32,180		14,309			2,208			48,697
Segment profit (loss)(1)	94,751		(98,211		)	(689		)	(4,149		)
Identifiable intangible assets, other than goodwill	—		13,311			—			13,311
Total assets	2,825,243		1,572,389			—			4,397,632
Capital expenditures (including non-cash)	487,711		18,653			—			506,364

(1) Segment profit (loss) is equal to operating income less interest expense