SkyWest Airlines 2010 Annual Report Download - page 45
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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,
2010(2) 2009 2008 2007 2006
Operating revenues .............. $2,765,145 $2,613,614 $3,496,249 $3,374,332 $3,114,656
Operating income ............... 201,826 212,195 255,231 344,524 339,160
Net income .................... 96,350 83,658 112,929 159,192 145,806
Net income per common share:
Basic ....................... $ 1.73 $ 1.50 $ 1.95 $ 2.54 $ 2.33
Diluted ..................... $ 1.70 1.47 1.93 2.49 2.30
Weighted average shares:
Basic ....................... 55,610 55,854 57,790 62,710 62,474
Diluted ..................... 56,526 56,814 58,633 64,044 63,382
Total assets .................... $4,446,510 $4,310,802 $4,014,291 $3,990,525 $3,731,419
Current assets .................. 1,369,565 1,254,099 1,220,668 1,210,139 1,095,454
Current liabilities ................ 562,640 449,835 386,604 398,219 408,431
Long-term debt, net of current
maturities ................... 1,738,936 1,816,318 1,681,705 1,732,748 1,675,626
Stockholders’ equity .............. 1,420,923 1,352,219 1,275,521 1,246,007 1,178,293
Return on average equity(1) ........ 6.9% 6.4% 9.0% 13.1% 13.9%
Cash dividends declared per common
share ....................... $ 0.16 $ 0.16 $ 0.13 $ 0.12 $ 0.12
(1) Calculated by dividing net income by the average of beginning and ending stockholders’ equity for
the year.
(2) On November 12, 2010, we completed the ExpressJet Merger for $136.5 million in cash. Our 2010
consolidated operating revenues contain 50 days of additional revenue and expenses generated
subsequent to the ExpressJet Merger.
Selected Operating Data
Year Ended December 31,
2010 2009 2008 2007 2006
Block hours .................... 1,547,562 1,363,257 1,376,815 1,438,818 1,298,769
Departures .................... 1,001,766 870,761 872,288 904,795 857,631
Passengers carried ............... 40,411,089 34,544,772 33,461,819 34,392,755 31,465,552
Revenue passenger miles (000) ...... 20,227,220 17,448,958 17,101,910 17,892,282 15,819,191
Available seat miles (000) ......... 25,503,845 22,142,650 22,020,250 22,968,768 20,209,888
Revenue per available seat mile ..... 10.8¢ 11.8¢ 15.9¢ 14.7¢ 15.4¢
Cost per available seat mile ........ 10.4¢ 11.2¢ 15.2¢ 13.7¢ 14.3¢
Average passenger trip length ....... 501 505 511 520 503
Number of operating aircraft at end of
year ........................ 704 449 442 436 410
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