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Segment Reporting | 9 Months Ended
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Sep. 30, 2022
Segment Reporting |
Segment Reporting | (5) Segment Reporting The Company’s two reporting segments consist of the operations of SkyWest Airlines and SkyWest Leasing activities. The Company’s chief operating decision maker analyzes the profitability of operating new aircraft financed through the issuance of debt, including the Company’s E175 fleet, separately from the profitability of the Company’s capital deployed for ownership and financing of such aircraft. The SkyWest Airlines segment includes revenue earned under the applicable capacity purchase agreements attributed to operating such aircraft and the respective operating costs. The SkyWest Leasing segment includes applicable revenue earned under the applicable capacity purchase agreements attributed to the ownership of new aircraft acquired through the issuance of debt and the respective depreciation and interest expense of such aircraft. The SkyWest Leasing segment also includes the activity of leasing regional jet aircraft and spare engines to third parties and other activities. The SkyWest Leasing segment’s total assets and capital expenditures include new aircraft acquired through the issuance of debt and assets leased to third parties. 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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