SKYWEST INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
SKYW$83.52+5.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(Dollars in Thousands)
ASSETS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · September 30, · December 31, | ||||||
| | 2024 | 2023 | ||||
| CURRENT ASSETS: | | | | | | |
| Cash and cash equivalents | | $177,609 | | $148,277 | ||
| Marketable securities | | 658,433 | | 686,946 | ||
| Receivables, net | | 111,199 | | 82,854 | ||
| Inventories, net | | 136,480 | | 127,114 | ||
| Other current assets | | 50,496 | | 86,705 | ||
| Total current assets | | 1,134,217 | | 1,131,896 | ||
| | | | | | | |
| PROPERTY AND EQUIPMENT: | | | | | | |
| Aircraft and rotable spares | | 8,462,449 | | 8,323,107 | ||
| Deposits on aircraft | | 71,457 | | 77,282 | ||
| Buildings and ground equipment | | 343,870 | | 282,398 | ||
| Total property and equipment, gross | | 8,877,776 | | 8,682,787 | ||
| Less-accumulated depreciation and amortization | | (3,460,508) | | (3,199,820) | ||
| Total property and equipment, net | | 5,417,268 | | 5,482,967 | ||
| | | | | | | |
| OTHER ASSETS: | | | | | | |
| Operating lease right-of-use assets | | | 85,303 | | | 86,727 |
| Long-term receivables and other assets | | 319,812 | | 324,703 | ||
| Total other assets | | 405,115 | | 411,430 | ||
| Total assets | | $6,956,600 | | $7,026,293 | ||
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
| | | | | | | |
|---|---|---|---|---|---|---|
| · · September 30, · December 31, | ||||||
| | 2024 | 2023 | ||||
| CURRENT LIABILITIES: | | | | | | |
| Current maturities of long-term debt | | $496,789 | | $443,869 | ||
| Accounts payable | | 460,276 | | 470,251 | ||
| Accrued salaries, wages and benefits | | 211,149 | | 194,881 | ||
| Current maturities of operating lease liabilities | | 18,496 | | 19,335 | ||
| Taxes other than income taxes | | 26,660 | | 26,077 | ||
| Other current liabilities | | 100,804 | | 99,879 | ||
| Total current liabilities | | 1,314,174 | | 1,254,292 | ||
| | | | | | | |
| LONG-TERM DEBT, net of current maturities | | 2,196,548 | | 2,562,183 | ||
| | | | | | | |
| DEFERRED INCOME TAXES PAYABLE | | 751,983 | | 687,600 | ||
| | | | | | | |
| NONCURRENT OPERATING LEASE LIABILITIES | | 66,807 | | 67,392 | ||
| | | | | | | |
| OTHER LONG-TERM LIABILITIES | | 315,591 | | 341,324 | ||
| | | | | | | |
| COMMITMENTS AND CONTINGENCIES (Note 7) | | | | | | |
| | | | | | | |
| STOCKHOLDERS’ EQUITY: | | | | | | |
| Preferred stock, 5,000,000 shares authorized; none issued | | — | | — | ||
| Common stock, no par value, 120,000,000 shares authorized; 83,601,235 and 82,840,372 shares issued as of September 30, 2024, and December 31, 2023, respectively | | 772,320 | | 754,362 | ||
| Retained earnings | | 2,496,796 | | 2,271,211 | ||
| Treasury stock, at cost, 43,262,997 and 42,615,347 shares as of September 30, 2024, and December 31, 2023, respectively | | (957,994) | | (912,396) | ||
| Accumulated other comprehensive income | | | 375 | | | 325 |
| Total stockholders’ equity | | 2,311,497 | | 2,113,502 | ||
| Total liabilities and stockholders’ equity | | $6,956,600 | | $7,026,293 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.