Segment Reporting

9 Months Ended

Sep. 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 table sets forth the Company’s segment data for the three-month periods ended September 30, 2013 and 2012 (in thousands).

	Three months ended September 30, 2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	468,517	381,749		474		850,740
Operating expense	409,320	382,583		2,663		794,566
Depreciation and amortization expense	38,845	22,290		—		61,135
Interest expense	10,812	5,274		913		16,999
Segment profit (loss)(1)	48,385	(6,108	)	(3,102	)	39,175
Identifiable intangible assets, other than goodwill	—	15,560		—		15,560
Total assets	2,711,009	1,554,385		—		4,265,394
Capital expenditures (including non-cash)	21,977	8,891		—		30,868

	Three months ended September 30, 2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	475,662	386,803		2,794	865,259
Operating expense	426,511	382,511		1,263	810,285
Depreciation and amortization expense	38,179	24,524		—	62,703
Interest expense	12,292	5,953		1,229	19,474
Segment profit (loss) (1)	36,859	(1,661	)	302	35,500
Identifiable intangible assets, other than goodwill	—	17,810		—	17,810
Total assets	2,639,895	1,608,956		—	4,248,851
Capital expenditures (including non-cash)	11,579	4,601		—	16,180

(1) Segment profit (loss) is operating income (loss) less interest expense

The following table sets forth the Company’s segment data for the nine-month periods ended September 30, 2013 and 2012 (in thousands).

	Nine months ended September 30, 2013
	SkyWest Airlines	ExpressJet		Other		Consolidated
Operating revenues	1,380,930	1,109,085		3,342		2,493,357
Operating expense	1,236,003	1,128,757		6,306		2,371,066
Depreciation and amortization expense	116,309	67,000		—		183,309
Interest expense	33,535	16,099		2,856		52,490
Segment profit (loss)(1)	111,392	(35,771	)	(5,820	)	69,801
Identifiable intangible assets, other than goodwill	—	15,560		—		15,560
Total assets	2,711,009	1,554,385		—		4,265,394
Capital expenditures (including non-cash)	66,339	28,242		—		94,581

	Nine months ended September 30, 2012
	SkyWest Airlines	ExpressJet		Other	Consolidated
Operating revenues	1,479,708	1,235,877		8,062	2,723,647
Operating expense	1,366,914	1,230,703		3,793	2,601,410
Depreciation and amortization expense	115,609	75,591		—	191,200
Interest expense	37,207	17,958		3,476	58,641
Segment profit (loss) (1)	75,587	(12,784	)	793	63,596
Identifiable intangible assets, other than goodwill	—	17,810		—	17,810
Total assets	2,639,895	1,608,956		—	4,248,851
Capital expenditures (including non-cash)	47,933	13,141		—	61,074

(1) Segment profit (loss) is operating income (loss) less interest expense