SkyWest, Inc.
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow | Capital Expenditure |
|---|---|---|---|---|
| FY2014 | $290.13M | $-585.23M | $256.74M | $696.92M |
| FY2015 | $417.33M | $-569.72M | $223.15M | $715.09M |
| FY2016 | $506.67M | $-1.18B | $614.14M | $14.35M |
| FY2017 | $684.12M | $-751.34M | $102.24M | $27.47M |
| FY2018 | $802.53M | $-983.40M | $327.46M | $34.40M |
| FY2019 | $721.03M | $-657.03M | $-305.17M | $80.59M |
| FY2020 | $633.56M | $-683.47M | $178.43M | $12.68M |
| FY2021 | $831.82M | $-698.52M | $-90.60M | $18.13M |
| FY2022 | $480.38M | $-904.89M | $269.08M | $13.03M |
| FY2023 | $736.33M | $-23.23M | $-667.81M | $13.26M |
| FY2024 | $692.46M | $-228.63M | $-384.75M | $44.90M |
| FY2025 | $940.36M | $-651.83M | $-393.22M | $32.02M |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.
- Capital Expenditure
- Money spent on buying or upgrading long-lived assets like plant, equipment, and buildings. Often shortened to "capex".How a beginner reads it: A beginner reads capex against operating cash flow to see whether a company funds its investment from its own earnings. Operating cash flow minus capex is roughly free cash flow.