SkyWest Airlines 2013 Annual Report Download - page 44

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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,
2013 2012 2011 2010(2) 2009
Operating revenues ........... $3,297,725 $3,534,372 $3,654,923 $2,765,145 $2,613,614
Operating income ............ 153,111 165,987 41,105 201,826 212,195
Net income (loss) ............ 58,956 51,157 (27,335) 96,350 83,658
Net income (loss) per common
share:
Basic .................... $ 1.14 $ 1.00 $ (0.52) $ 1.73 $ 1.50
Diluted .................. $ 1.12 $ 0.99 $ (0.52) $ 1.70 1.47
Weighted average shares:
Basic .................... 51,688 51,090 52,201 55,610 55,854
Diluted .................. 52,422 51,746 52,201 56,526 56,814
Total assets ................. 4,233,219 4,254,637 $4,281,908 $4,456,148 $4,310,802
Current assets ............... 1,464,437 1,434,040 1,280,464 1,379,203 1,254,099
Current liabilities ............ 620,464 591,425 624,148 572,278 449,835
Long-term debt, net of current
maturities ................ 1,293,179 1,470,567 1,606,993 1,738,936 1,816,318
Stockholders’ equity .......... 1,434,939 1,387,175 1,334,261 1,420,923 1,352,219
Return (loss) on average equity(1) 4.2% 3.8% (2.0)% 6.9% 6.4%
Cash dividends declared per
common share ............. $ 0.16 $ 0.16 $ 0.16 $ 0.16 $ 0.16
(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,
2013 2012 2011 2010 2009
Block hours .................... 2,380,118 2,297,014 2,250,280 1,547,562 1,363,257
Departures .................... 1,453,601 1,435,512 1,390,523 1,001,766 870,761
Passengers carried ............... 60,581,948 58,803,690 55,836,271 40,411,089 34,544,772
Revenue passenger miles (000) ...... 31,834,735 30,088,278 29,109,039 20,227,220 17,448,958
Available seat miles (000) ......... 39,207,910 37,278,554 36,698,859 25,503,845 22,142,650
Revenue per available seat mile ..... 8.4¢ 9.5¢ 10.0¢ 10.8¢ 11.8¢
Cost per available seat mile ........ 8.2¢ 9.2¢ 10.1¢ 10.4¢ 11.2¢
Average passenger trip length ....... 525 512 521 501 505
Number of operating aircraft at end of
year ........................ 755 738 732 704 449
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