SkyWest Airlines 2011 Annual Report Download - page 44

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Selected Consolidated Financial Data (amounts in thousands, except per share data):
Year Ended December 31,
2011 2010(2) 2009 2008 2007
Operating revenues .............. $3,654,923 $2,765,145 $2,613,614 $3,496,249 $3,374,332
Operating income ............... 41,106 201,826 212,195 255,231 344,524
Net income (loss) ............... (27,335) 96,350 83,658 112,929 159,192
Net income (loss) per common share:
Basic ....................... $ (0.52) $ 1.73 $ 1.50 $ 1.95 $ 2.54
Diluted ..................... $ (0.52) $ 1.70 1.47 1.93 2.49
Weighted average shares:
Basic ....................... 52,201 55,610 55,854 57,790 62,710
Diluted ..................... 52,201 56,526 56,814 58,633 64,044
Total assets .................... $4,281,908 $4,456,148 $4,310,802 $4,014,291 $3,990,525
Current assets .................. 1,280,464 1,379,203 1,254,099 1,220,668 1,210,139
Current liabilities ................ 624,148 572,278 449,835 386,604 398,219
Long-term debt, net of current
maturities ................... 1,606,993 1,738,936 1,816,318 1,681,705 1,732,748
Stockholders’ equity .............. 1,334,261 1,420,923 1,352,219 1,275,521 1,246,007
Return (loss) on average equity(1) . . . (2.0)% 6.9% 6.4% 9.0% 13.1%
Cash dividends declared per common
share ....................... $ 0.16 $ 0.16 $ 0.16 $ 0.13 $ 0.12
(1) Calculated by dividing net income (loss) 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,
2011 2010 2009 2008 2007
Block hours .................... 2,250,280 1,547,562 1,363,257 1,376,815 1,438,818
Departures .................... 1,390,523 1,001,766 870,761 872,288 904,795
Passengers carried ............... 55,836,271 40,411,089 34,544,772 33,461,819 34,392,755
Revenue passenger miles (000) ...... 29,109,039 20,227,220 17,448,958 17,101,910 17,892,282
Available seat miles (000) ......... 36,698,859 25,503,845 22,142,650 22,020,250 22,968,768
Revenue per available seat mile ..... 10.0¢ 10.8¢ 11.8¢ 15.9¢ 14.7¢
Cost per available seat mile ........ 10.1¢ 10.4¢ 11.2¢ 15.2¢ 13.7¢
Average passenger trip length ....... 521 501 505 511 520
Number of operating aircraft at end of
year ........................ 732 704 449 442 436
The following terms used in this section and elsewhere in this Report have the meanings indicated
below:
‘‘Revenue passenger miles’’ represents the number of miles flown by revenue passengers.
‘‘Available seat miles’’ represents the number of seats available for passengers multiplied by the
number of miles those seats are flown.
‘‘Revenue per available seat mile’’ represents passenger revenue divided by available seat miles.
‘‘Cost per available seat mile’’ represents operating expenses plus interest divided by available seat
miles.
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