SkyWest Historical Income Statement
| SKYW Stock | USD 73.66 0.52 0.71% |
Historical analysis of SkyWest income statement accounts such as Other Operating Expenses of 1.7 B, Operating Income of 96.5 M, EBIT of 109.3 M or Ebitda of 511.5 M can show how well SkyWest performed in making a profits. Evaluating SkyWest income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of SkyWest's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining SkyWest latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SkyWest is a good buy for the upcoming year.
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About SkyWest Income Statement Analysis
SkyWest Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to SkyWest shareholders. The income statement also shows SkyWest investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
SkyWest Income Statement Chart
SkyWest Income Statement is one of the three primary financial statements used for reporting SkyWest's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SkyWest revenue and expense. SkyWest Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, SkyWest's Non Operating Income Net Other is fairly stable compared to the past year. Interest Income is likely to climb to about 42 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.7 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts SkyWest generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of SkyWest minus its cost of goods sold. It is profit before SkyWest operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of SkyWest. It is also known as SkyWest overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on SkyWest income statement and represents the costs associated with goods and services SkyWest provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from SkyWest's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SkyWest current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.At this time, SkyWest's Non Operating Income Net Other is fairly stable compared to the past year. Interest Income is likely to climb to about 42 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.7 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 123.1M | 127.1M | 132.4M | 139.1M | Depreciation And Amortization | 440.2M | 394.6M | 383.1M | 402.3M |
SkyWest income statement Correlations
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SkyWest Account Relationship Matchups
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SkyWest income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 368.1M | 475.0M | 440.2M | 394.6M | 383.1M | 402.3M | |
| Interest Expense | 127.8M | 123.2M | 123.1M | 127.1M | 132.4M | 139.1M | |
| Total Revenue | 3.0B | 2.1B | 2.7B | 3.0B | 2.9B | 1.8B | |
| Gross Profit | 777.9M | (13.9M) | 193.7M | 499.3M | 372.2M | 398.0M | |
| Other Operating Expenses | 2.4B | 2.0B | 2.4B | 2.8B | 2.8B | 1.7B | |
| Operating Income | 227.8M | (359.1M) | (81.9M) | (174.9M) | 104.1M | 96.5M | |
| Ebit | 227.8M | (359.1M) | (81.9M) | (174.9M) | 104.1M | 109.3M | |
| Ebitda | 595.9M | 115.8M | 358.3M | 219.7M | 487.2M | 511.5M | |
| Cost Of Revenue | 2.2B | 2.1B | 2.5B | 2.5B | 2.6B | 1.4B | |
| Total Operating Expenses | 243.7M | (122.7M) | (166.7M) | 318.1M | 268.1M | 301.8M | |
| Income Before Tax | 446.3M | (7.3M) | 150.6M | 92.6M | 40.3M | 38.3M | |
| Total Other Income Expense Net | 218.5M | 351.8M | 232.5M | 267.5M | (63.8M) | (60.6M) | |
| Net Income | 340.1M | (8.5M) | 111.9M | 73.0M | 34.3M | 32.6M | |
| Income Tax Expense | 106.2M | 1.2M | 38.7M | 19.6M | 6.0M | 5.7M | |
| Selling General Administrative | 1.2B | 1.0B | 1.2B | 1.5B | 1.8B | 1.8B | |
| Net Income Applicable To Common Shares | 340.1M | (8.5M) | 111.9M | 73.0M | 83.9M | 107.6M | |
| Net Income From Continuing Ops | 340.1M | (8.5M) | 111.9M | 73.0M | (30.3M) | (28.8M) | |
| Non Operating Income Net Other | 61.8M | 7.0M | (2.1M) | 38.5M | 44.3M | 46.5M | |
| Tax Provision | 106.2M | 1.2M | 38.7M | 19.6M | (15.5M) | (14.8M) | |
| Interest Income | 14.1M | 5.9M | 1.1M | 17.6M | 40.0M | 42.0M | |
| Net Interest Income | (113.6M) | (117.3M) | (122.0M) | (109.5M) | (94.6M) | (99.4M) | |
| Reconciled Depreciation | 368.1M | 475.0M | 440.2M | 394.6M | 383.1M | 422.4M |
SkyWest Investors Sentiment
The influence of SkyWest's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in SkyWest. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to SkyWest's public news can be used to forecast risks associated with an investment in SkyWest. The trend in average sentiment can be used to explain how an investor holding SkyWest can time the market purely based on public headlines and social activities around SkyWest. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SkyWest's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for SkyWest's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average SkyWest's news discussions. The higher the estimated score, the more favorable is the investor's outlook on SkyWest.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SkyWest in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SkyWest's short interest history, or implied volatility extrapolated from SkyWest options trading.
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When determining whether SkyWest is a strong investment it is important to analyze SkyWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SkyWest's future performance. For an informed investment choice regarding SkyWest Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for SkyWest Stock analysis
When running SkyWest's price analysis, check to measure SkyWest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.
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Is SkyWest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SkyWest. If investors know SkyWest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SkyWest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.42) | Earnings Share 0.77 | Revenue Per Share 73.133 | Quarterly Revenue Growth 0.162 | Return On Assets 0.0185 |
The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SkyWest's market value can be influenced by many factors that don't directly affect SkyWest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.