Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting

Segment Reporting

Note E — 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 when deciding how to allocate resources and in assessing performance.

The Company’s two operating segments consist of the operations of its two operating subsidiaries, SkyWest Airlines and ExpressJet. The following represents the Company’s segment data for the three-month periods ended June 30, 2013 and 2012 (in thousands).

	Three months ended June 30, 2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	463,068	375,588		474		839,130
Operating expense	411,917	374,431		2,227		788,575
Depreciation and amortization expense	38,839	22,335		—		61,174
Interest expense	11,227	5,362		937		17,526
Segment profit (loss)(1)	39,924	(4,205	)	(2,690	)	33,029
Identifiable intangible assets, other than goodwill	—	16,123		—		16,123
Total assets	2,656,855	1,583,215		—		4,240,070
Capital expenditures (including non-cash)	21,952	11,473		—		33,425

	Three months ended June 30, 2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	509,135	425,445		2,634	937,214
Operating expense	467,497	421,640		1,271	890,408
Depreciation and amortization expense	38,646	25,536		—	64,182
Interest expense	12,353	5,959		1,075	19,387
Segment profit (loss) (1)	29,285	(2,154	)	288	27,419
Identifiable intangible assets, other than goodwill	—	18,373		—	18,373
Total assets	2,604,012	1,634,798		—	4,238,810
Capital expenditures (including non-cash)	13,946	4,579		—	18,525

(1) Segment profit is operating income less interest expense

The following represents the Company’s segment data for the six-month periods ended June 30, 2013 and 2012 (in thousands).

	Six months ended June 30, 2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	912,413	727,336		2,868		1,642,617
Operating expense	826,683	746,174		3,642		1,576,499
Depreciation and amortization expense	77,464	44,710		—		122,174
Interest expense	22,723	10,825		1,943		35,491
Segment profit (loss)(1)	63,007	(29,663	)	(2,717	)	30,627
Identifiable intangible assets, other than goodwill	—	16,123		—		16,123
Total assets	2,656,855	1,583,215		—		4,240,070
Capital expenditures (including non-cash)	44,362	19,351		—		63,713

	Six months ended June 30, 2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	1,004,046	849,074		5,268	1,858,388
Operating expense	940,403	848,192		2,530	1,791,125
Depreciation and amortization expense	77,429	51,068		—	128,497
Interest expense	24,915	12,005		2,247	39,167
Segment profit (loss) (1)	38,728	(11,123	)	491	28,096
Identifiable intangible assets, other than goodwill	—	18,373		—	18,373
Total assets	2,604,012	1,634,798		—	4,238,810
Capital expenditures (including non-cash)	36,353	8,541		—	44,894

(1) Segment profit is operating income less interest expense