SkyWest Airlines 2011 Annual Report Download - page 84

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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2011
(3) Segment Reporting (Continued)
The Company’s two operating segments consist of its two subsidiaries, SkyWest Airlines and
ExpressJet. On December 31, 2011, ExpressJet Delaware and Atlantic Southeast merged through the
ExpressJet Combination. As a result of the ExpressJet Combination, ExpressJet became a reportable
segment. Prior year amounts have been revised to conform to the current year segment presentation.
The results of operation of ExpressJet Delaware and Atlantic Southeast for periods prior to the
ExpressJet Combination are combined under the ExpressJet segment. Corporate overhead expense
incurred by the Company is allocated to the operating expenses of its two operating subsidiaries.
The following represents the Company’s segment data for the years ended December 31, 2011,
2010 and 2009 (Thousands).
Year ended December 31,2011
SkyWest Airlines ExpressJet Other Consolidated
Operating revenues ......................... 2,002,830 1,640,837 11,256 3,654,923
Operating expense .......................... 1,893,909 1,714,481 5,428 3,613,818
Depreciation and amortization expense ........... 147,520 106,662 — 254,182
Interest expense ........................... 50,907 25,142 4,334 80,383
Segment profit (loss)(1) ...................... 58,014 (98,786) 1,494 (39,278)
Identifiable intangible assets, other than goodwill . . . — 19,497 — 19,497
Total assets ............................... 2,595,901 1,686,007 — 4,281,908
Capital expenditures (including non—cash) ........ 166,998 32,758 — 199,756
Year ended December 31,2010
SkyWest Airlines ExpressJet Other Consolidated
Operating revenues .......................... 1,904,472 855,095 5,578 2,765,145
Operating expense (income) ................... 1,759,784 804,110 (575) 2,563,319
Depreciation and amortization expense ........... 144,002 92,497 — 236,499
Interest expense ............................ 53,622 27,933 4,962 86,517
Segment profit(1) ........................... 91,066 23,052 1,191 115,309
Identifiable intangible assets, other than goodwill .... — 21,747 — 21,747
Total assets ................................ 2,587,371 1,859,138 — 4,446,509
Capital expenditures (including non—cash) ......... 158,787 22,290 — 181,077
Year ended December 31,2009
SkyWest Airlines ExpressJet Other Consolidated
Operating revenues ......................... 1,731,346 880,846 1,422 2,613,614
Operating expense (income) ................... 1,591,311 815,699 (5,591) 2,401,419
Depreciation and amortization expense ........... 132,513 89,035 — 221,548
Interest expense ............................ 45,729 34,224 6,377 86,330
Segment profit(1) .......................... 94,306 30,923 636 125,865
Identifiable intangible assets, other than goodwill . . . — 23,997 — 23,997
Total assets ............................... 2,436,700 1,874,102 — 4,310,802
Capital expenditures (including non—cash) ........ 406,231 33,171 — 439,402
(1) Segment profit is operating income less interest expense
80