SkyWest Airlines 2012 Annual Report Download - page 87
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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2012
(2) Segment Reporting
Generally accepted accounting principles require disclosures related to components of a company
for which separate financial information is available to, and regularly evaluated by, the Company’s chief
operating decision maker (‘‘CODM’’) when deciding how to allocate resources and in assessing
performance.
The Company’s two operating segments consist of the operations conducted by 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, 2012,
2011 and 2010 (in thousands).
Year ended December 31,2012
SkyWest Airlines ExpressJet Other Consolidated
Operating revenues ......................... 1,930,149 1,593,527 10,696 3,534,372
Operating expense .......................... 1,774,876 1,588,400 5,109 3,368,385
Depreciation and amortization expense ........... 153,915 98,043 — 251,958
Interest expense ........................... 49,208 23,582 4,590 77,380
Segment profit (loss)(1) ...................... 106,065 (18,455) 997 88,607
Identifiable intangible assets, other than goodwill . . . — 17,248 — 17,248
Total assets ............................... 2,633,369 1,621,268 — 4,254,637
Capital expenditures (including non—cash) ........ 53,656 20,204 — 73,860
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 (income) ................... 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(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
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