SKYWEST INC

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

About 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.

Mar 31, 2025 · Filed Apr 25, 2025

SKYW$83.52+5.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Dollars in thousands)

ASSETS


· · March 31, · December 31,
	2025		2024
CURRENT ASSETS:
Cash and cash equivalents		$178,973		$227,362
Marketable securities		571,911		574,266
Receivables, net		137,161		122,778
Inventories, net		140,166		139,002
Other current assets		42,913		53,659
Total current assets		1,071,124		1,117,067

PROPERTY AND EQUIPMENT:
Aircraft and rotable spares		8,883,675		8,774,570
Deposits on aircraft		70,752		65,612
Buildings, ground equipment and other		299,983		292,682
Total property and equipment, gross		9,254,410		9,132,864
Less-accumulated depreciation and amortization		(3,631,603)		(3,545,456)
Total property and equipment, net		5,622,807		5,587,408

OTHER ASSETS:
Operating lease right-of-use assets		83,726		87,731
Long-term receivables and other assets		336,609		347,661
Total other assets		420,335		435,392
Total assets		$7,114,266		$7,139,867

CONSOLIDATED BALANCE SHEETS (continued)

(Dollars in thousands)

LIABILITIES AND STOCKHOLDERS’ EQUITY


· · March 31, · December 31,
	2025		2024
CURRENT LIABILITIES:
Current maturities of long-term debt		$486,119		$535,589
Accounts payable and accrued liabilities		576,056		527,351
Accrued salaries, wages and benefits		201,788		226,770
Current maturities of operating lease liabilities		20,379		20,467
Taxes other than income taxes		18,894		22,581
Other current liabilities		113,688		96,833
Total current liabilities		1,416,924		1,429,591

LONG-TERM DEBT, net of current maturities		2,073,463		2,136,786

DEFERRED INCOME TAXES PAYABLE		806,042		787,968

NONCURRENT OPERATING LEASE LIABILITIES		63,347		67,264

OTHER LONG-TERM LIABILITIES		280,199		309,477

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; 84,250,565 and 83,638,680 shares issued as of March 31, 2025, and December 31, 2024, respectively		783,048		777,090
Retained earnings		2,694,724		2,594,173
Treasury stock, at cost, 43,691,380 and 43,310,324 shares as of March 31, 2025, and December 31, 2024, respectively		(1,003,574)		(962,650)
Accumulated other comprehensive income		93		168
Total stockholders’ equity		2,474,291		2,408,781
Total liabilities and stockholders’ equity		$7,114,266		$7,139,867

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.