SkyWest Airlines 2009 Annual Report Download - page 40

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ITEM 6. SELECTED FINANCIAL DATA
The following selected financial and operating data should be read in conjunction with
‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations,’’ and our
consolidated financial statements and related notes included elsewhere in this Report.
Selected Consolidated Financial Data (amounts in thousands, except per share data):
Year Ended December 31,
2009 2008 2007 2006 2005(2)
Operating revenues .............. $2,613,614 $3,496,249 $3,374,332 $3,114,656 $1,964,048
Operating income ............... 212,195 255,231 344,524 339,160 220,408
Net income .................... 83,658 112,929 159,192 145,806 112,267
Net income per common share:
Basic ....................... $ 1.50 $ 1.95 $ 2.54 $ 2.33 $ 1.94
Diluted ..................... 1.47 1.93 2.49 2.30 1.90
Weighted average shares:
Basic ....................... 55,854 57,790 62,710 62,474 57,851
Diluted ..................... 56,814 58,633 64,044 63,382 58,933
Total assets .................... $4,310,802 $4,014,291 $3,990,525 $3,731,419 $3,320,646
Current assets .................. 1,254,099 1,220,668 1,210,139 1,095,454 693,632
Current liabilities ................ 449,835 386,604 398,219 408,431 615,917
Long-term debt, net of current
maturities ................... 1,816,318 1,681,705 1,732,748 1,675,626 1,422,758
Stockholders’ equity .............. 1,352,219 1,275,521 1,246,007 1,178,293 913,198
Return on average equity(1) ........ 6.4% 9.0% 13.1% 13.9% 13.2%
Cash dividends declared per common
share....................... $ 0.16 $ 0.13 $ 0.12 $ 0.12 $ 0.12
(1) Calculated by dividing net income by the average of beginning and ending stockholders’ equity for
the year.
(2) On September 7, 2005, we completed the acquisition of ASA from Delta for $421.3 million in cash.
We paid $5.3 million of transaction fees and assumed approximately $1.25 billion in long-term debt
and related assets. Our 2005 consolidated operating revenues contain 114 days of additional
revenue and expenses generated by the ASA acquisition.
Selected Operating Data
Year Ended December 31,
2009 2008 2007 2006 2005
Block hours .................... 1,363,257 1,376,815 1,438,818 1,298,769 866,975
Departures .................... 870,761 872,288 904,795 857,631 623,307
Passengers carried ............... 34,544,772 33,461,819 34,392,755 31,465,552 20,343,975
Revenue passenger miles (000) ...... 17,448,958 17,101,910 17,892,282 15,819,191 9,538,906
Available seat miles (000) ......... 22,142,650 22,020,250 22,968,768 20,209,888 12,718,973
Revenue per available seat mile ..... 11.8¢ 15.9¢ 14.7¢ 15.4¢ 15.4¢
Cost per available seat mile ........ 11.2¢ 15.2¢ 13.7¢ 14.3¢ 14.1¢
Average passenger trip length ....... 505 511 520 503 469
Number of operating aircraft at end of
year ........................ 449 442 436 410 380
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