Skywest inc (SKYW)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Changes in operating assets and liabilities:
NET CASH PROVIDED BY OPERATING ACTIVITIES

269,483

138,562

220,345

207,209

154,914

229,407

222,305

184,927

165,895

151,835

200,506

187,843

143,940

107,347

171,284

193,490

34,544

103,785

144,733

133,601

35,206

103,761

153,880

66,784

-34,295

38,484

122,129

143,113

-13,836

44,657

134,820

111,264

-1,917

727

110,075

59,718

-8,394

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities

236,527

469,659

572,765

398,213

498,113

732,777

198,543

989,876

387,572

531,243

264,523

282,111

455,990

350,821

1,099,175

552,830

508,562

306,198

526,866

227,475

109,900

128,274

86,026

59,224

53,440

160,122

33,793

199,394

95,255

222,756

290,958

135,398

87,218

213,440

235,614

114,097

120,245

Sales of marketable securities

381,142

300,290

605,068

355,710

605,693

752,060

291,661

910,678

496,945

596,774

178,263

282,083

383,163

446,959

869,541

463,610

608,058

449,127

419,254

282,858

147,830

105,092

78,051

122,233

92,772

113,474

99,268

162,122

182,560

249,603

208,833

99,142

120,220

334,893

139,787

147,479

234,872

Proceeds from the sale of aircraft, property and equipment

1,366

404

4,539

21,022

43

-

-

-

-

915

427

14,140

36,512

-

-

-

-

4,537

52

2,753

2,966

-

-

-

-

23

168

12

90

11,635

3,000

0

630

2

0

81

110

Acquisition of property and equipment:
Aircraft and rotable spare parts

73,482

161,821

93,539

128,628

197,341

213,657

294,846

355,100

198,777

97,652

49,081

293,527

220,916

519,158

305,148

219,716

94,941

63,621

143,933

244,522

258,795

174,022

181,693

231,030

66,728

32,253

25,777

26,944

17,525

22,113

7,609

12,695

14,860

67,420

62,493

12,709

16,320

Buildings and ground equipment

3,542

19,565

5,156

3,790

52,075

-1,473

16,800

9,765

9,305

19,192

5,855

1,941

479

3,094

3,953

3,843

3,460

2,962

-9,399

9,937

6,905

5,949

4,373

7,752

3,892

655

4,405

2,778

1,664

4,321

89

3,217

35

3,160

5,587

2,706

2,303

Aircraft deposits applied towards acquired aircraft

-

23,048

0

18,638

4,660

-

-

-

-

0

19,709

5,596

11,228

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received from sale of ExpressJet subsidiary

-

0

0

0

53,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on aircraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

300

13,200

Decrease (increase) in other assets

13,970

3,437

-5,608

5,066

-7,028

34,337

-2,483

3,598

1,364

5,885

-1,079

3,673

2,425

-9,253

657

-665

2,164

-9,100

-6,555

-7,023

11,906

-4,537

-1,345

-694

14,257

-3,939

-8,009

-2,106

13,825

7,479

-8,658

-3,635

13,032

-3,413

-1,254

-4,753

8,603

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES

54,987

-351,740

-56,245

-172,144

-76,905

-241,046

-194,624

-447,661

-100,073

-56,283

-166,714

-279,433

-248,907

-326,351

-537,544

-312,114

-1,069

86,655

-232,661

-187,000

-236,710

-192,611

-171,994

-175,076

-45,545

-79,965

48,699

-89,076

54,381

12,633

-78,165

-48,533

5,705

54,288

-162,653

22,501

74,311

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt

-

100,126

0

79,974

19,940

158,502

242,519

282,327

101,317

86,852

0

226,842

157,983

428,559

248,544

180,734

68,232

45,649

113,664

229,485

203,083

136,935

136,276

158,108

29,281

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

89,796

91,192

80,050

112,996

98,204

107,852

102,536

88,800

71,587

84,513

76,195

81,446

88,104

103,764

62,066

79,132

57,196

169,941

70,134

74,674

39,528

60,697

36,424

55,304

32,932

53,603

31,879

54,344

31,627

104,768

28,904

50,923

33,675

48,502

31,173

48,466

30,897

Tax deficiency from exercise of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

2,532

-1,266

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

1,532

1

1,730

2,279

2,261

0

2,892

0

2,320

1,213

1,664

302

1,481

-2,072

6,166

2,042

2,006

5,056

2,989

852

857

-1,139

1,898

79

1,854

-125

1,844

28

2,638

2,155

1,915

-75

2,236

2

2,241

2

2,201

Purchase of treasury and common stock and employee income tax paid on equity awards

26,165

-15,459

25,003

34,621

34,311

15,728

15,253

0

23,467

5,678

459

200

13,671

-

-

-

-

-

-

-

-

0

0

5,338

3,076

0

11,543

0

196

0

5

0

897

4,515

15,907

20,678

19,581

Increase in debt issuance and lessor initial direct costs

1,664

-

-

-

53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in debt issuance cost

-

-

-

-

-

710

1,265

1,307

610

492

24

1,769

1,452

4,133

2,025

1,748

747

-7,164

943

1,414

2,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash dividends

6,039

6,061

6,107

6,158

5,141

5,194

5,205

5,205

4,140

4,147

4,141

4,139

2,588

2,587

2,574

2,055

2,040

2,077

2,069

2,067

2,047

2,021

2,055

2,065

2,054

2,051

2,075

2,075

2,057

2,057

2,050

2,038

2,032

2,049

2,091

2,088

2,238

NET CASH PROVIDED USED IN FINANCING ACTIVITIES

-122,132

-7,525

-109,852

-72,289

-115,508

15,462

121,152

187,015

3,833

-11,845

-79,155

139,590

53,649

316,003

188,045

99,841

10,255

-114,149

43,507

133,456

160,337

69,732

99,716

95,480

-8,193

-55,629

-43,628

-56,566

-31,242

-59,976

-28,911

-52,963

-34,368

-10,087

-1,955

-70,828

-50,515

Increase (decrease) in cash and cash equivalents

202,338

-220,703

54,248

-37,224

-37,499

3,823

148,833

-75,719

69,655

83,707

-45,363

48,000

-51,318

96,999

-178,215

-18,783

43,730

76,291

-44,421

80,057

-41,167

-19,118

81,602

-12,812

-88,033

-97,110

127,200

-2,529

9,303

-2,686

27,744

9,768

-30,580

44,928

-54,533

11,391

15,402

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Non-cash investing activities:
Acquisition of rotable spare parts

34,100

-

-

-

-

-

9,920

-148

574

-

-

334

1,704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt assumed on aircraft acquired under operating leases

-

0

0

0

14,475

0

0

0

59,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash assets used to acquire aircraft under operating leases

-

0

2,878

0

150,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability arising from the recognition of right-of-use asset

-

0

0

0

456,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for:
Interest, net of capitalized amounts

31,413

31,633

32,322

33,490

34,288

32,657

30,846

28,284

26,481

27,724

26,972

26,904

24,039

22,275

18,427

19,340

16,547

24,540

18,587

22,249

15,281

21,006

13,654

19,981

13,122

20,844

13,846

22,030

14,603

23,549

15,597

23,967

15,294

24,251

15,566

25,058

16,312

Income taxes

126

75

702

60

1,653

279

530

1,366

486

2,656

1,756

120

478

268

203

57

684

3,610

881

40

573

1,581

103

-69

451

1,169

1,629

492

388

86

37

-1,423

-54

-2,530

-366

231

467

SUPPLEMENTAL DISCLOSURE OF SALE OF SUBSIDIARY:
Decrease in carrying amount of assets

-

0

0

0

-101,448

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in carrying amount of liabilities

-

0

0

0

-68,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from buyers

-

0

0

0

79,632

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of subsidiary

-

0

0

25

46,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of subsidiary

-

-

-

-

46,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-