XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting  
Schedule of Company's segment data

The following represents the Company’s segment data for the three-month periods ended September 30, 2022 and 2021 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 30, 2022

​

​

SkyWest

​

SkyWest

​

​

​

    

Airlines

    

Leasing

    

Consolidated

Operating revenues (1)

​

$

651,494

​

$

137,949

​

$

789,443

Operating expense

​

 

649,466

​

 

64,401

​

 

713,867

Depreciation and amortization expense

​

 

43,787

​

 

53,646

​

 

97,433

Interest expense

​

 

4,067

​

 

29,216

​

 

33,283

Segment profit (loss) (2)

​

 

(2,039)

​

 

44,332

​

 

42,293

Total assets (as of September 30, 2022)

​

 

2,973,223

​

 

4,480,981

​

 

7,454,204

Capital expenditures (including non-cash)

​

 

12,419

​

 

208,667

​

 

221,086

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 30, 2021

​

​

SkyWest

​

SkyWest

​

​

​

    

Airlines

    

Leasing

    

Consolidated

Operating revenues (1)

​

$

614,377

​

$

130,406

​

$

744,783

Operating expense

​

 

633,169

​

 

64,564

​

 

697,733

Depreciation and amortization expense

​

 

53,401

​

 

56,196

​

 

109,597

Special items - impairment charges

​

​

84,592

​

​

—

​

​

84,592

Interest expense

​

 

2,138

​

 

26,842

​

 

28,980

Segment profit (loss) (2)

​

 

(20,930)

​

 

39,000

​

 

18,070

Total assets (as of September 30, 2021)

​

 

2,989,600

​

 

3,950,902

​

 

6,940,502

Capital expenditures (including non-cash)

​

 

26,622

​

 

136,677

​

 

163,299

(1)Prorate revenue and airport customer service revenue are primarily reflected in the SkyWest Airlines segment.
(2)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, 2022 and 2021 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended September 30, 2022

​

​

SkyWest

​

SkyWest

​

​

​

    

Airlines

    

Leasing

    

Consolidated

Operating revenues (1)

​

$

1,918,746

​

$

404,934

​

$

2,323,680

Operating expense

​

 

1,906,739

​

 

200,715

​

 

2,107,454

Depreciation and amortization expense

​

 

136,463

​

 

160,964

​

 

297,427

Interest expense

​

 

8,506

​

 

83,802

​

 

92,308

Segment profit (2)

​

 

3,501

​

 

120,417

​

 

123,918

Total assets (as of September 30, 2022)

​

 

2,973,223

​

 

4,480,981

​

 

7,454,204

Capital expenditures (including non-cash)

​

 

65,125

​

 

484,724

​

 

549,849

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended September 30, 2021

​

​

SkyWest

​

SkyWest

​

​

​

    

Airlines

    

Leasing

    

Consolidated

Operating revenues (1)

​

$

1,548,422

​

$

387,906

​

$

1,936,328

Operating expense

​

 

1,498,227

​

 

195,186

​

 

1,693,413

Depreciation and amortization expense

​

 

156,878

​

 

172,211

​

 

329,089

Special items - impairment charges

​

​

84,592

​

​

—

​

​

84,592

Interest expense

​

 

11,486

​

 

82,788

​

 

94,274

Segment profit (2)

​

 

38,709

​

 

109,932

​

 

148,641

Total assets (as of September 30, 2021)

​

 

2,989,600

​

​

3,950,902

​

 

6,940,502

Capital expenditures (including non-cash)

​

 

83,650

​

​

163,596

​

 

247,246

(1)Prorate revenue and airport customer service revenue are primarily reflected in the SkyWest Airlines segment.
(2)Segment profit is equal to operating income less interest expense.