SkyWest Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	428.33	322.96	34.34	72.95	111.91
Depreciation & Amortization	364.5	383.88	383.12	394.55	440.2
Loss (Gain) From Sale of Assets	-8.08	-12.4	-11.98	43.44	-4.59
Asset Writedown & Restructuring Costs	-	-	-	-	84.59
Loss (Gain) From Sale of Investments	1.05	6.82	0.48	-11.38	-
Stock-Based Compensation	18.73	19.86	17.13	9.16	8.69
Provision & Write-off of Bad Debts	7.52	-3.63	-0.19	-4.59	-4.25
Other Operating Activities	122.76	100.37	0.54	23.83	37.31
Change in Accounts Receivable	-66.25	-49.04	32.42	-44.45	-38.5
Change in Inventory	-29.55	-11.89	-3.91	-16.63	-12.9
Change in Accounts Payable	152.08	-3.14	80.96	-42.03	231.18
Change in Unearned Revenue	-48.47	-40.01	229.86	40.81	-6.83
Change in Income Taxes	-2.25	-7.5	1	7.82	-5.57
Change in Other Net Operating Assets	-0.02	-13.81	-27.44	6.91	-9.42
Operating Cash Flow	940.36	692.46	736.33	480.38	831.82
Operating Cash Flow Growth	35.80%	-5.96%	53.28%	-42.25%	31.29%
Capital Expenditures	-653.37	-328.28	-316.33	-682.59	-681.4
Sale of Property, Plant & Equipment	15.59	5.15	15.88	16.98	7.12
Investment in Securities	-9.86	112.52	261.41	-377.67	8.2
Other Investing Activities	-4.2	-18.02	15.81	138.38	-32.43
Investing Cash Flow	-651.83	-228.63	-23.23	-904.89	-698.52
Long-Term Debt Issued	208.84	116.17	69.69	684.5	450.03
Long-Term Debt Repaid	-491.9	-452.86	-447.6	-415.05	-540.54
Net Debt Issued (Repaid)	-283.06	-336.69	-377.92	269.45	-90.51
Issuance of Common Stock	2.65	2.86	2.81	2.96	3.15
Repurchase of Common Stock	-112.17	-50.25	-292.53	-1.15	-1.58
Other Financing Activities	-0.63	-0.67	-0.18	-2.18	-1.67
Financing Cash Flow	-393.22	-384.75	-667.81	269.08	-90.6
Net Cash Flow	-104.69	79.09	45.29	-155.44	42.7
Free Cash Flow	287	364.18	420.01	-202.22	150.42
Free Cash Flow Growth	-21.19%	-13.29%	-	-	-18.97%
Free Cash Flow Margin	7.07%	10.32%	14.31%	-6.73%	5.54%
Free Cash Flow Per Share	6.93	8.77	9.42	-3.99	2.96
Cash Interest Paid	105.88	113.57	128.29	125.32	124.92
Cash Income Tax Paid	16.86	18.59	13.61	1.17	6.59
Levered Free Cash Flow	209.52	374.24	224.74	-390.47	-132.63
Unlevered Free Cash Flow	274.8	445.7	306.57	-311.04	-55.68
Change in Working Capital	5.55	-125.4	312.9	-47.58	157.97

Source: S&P Global Market Intelligence. Standard template. Financial Sources.