22 unchanged sentences
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of SkyWest, Inc.
−Removed: and subsidiaries as of December 31, 2022 and 2021, and the related consolidated statements of comprehensive income (loss), stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2022, and the related notes and financial statement schedule listed in the Index at Item 15(a)2 and our report dated February 16, 2023 expressed an unqualified opinion thereon.
+Added: and subsidiaries as of December 31, 2023 and 2022, and the related consolidated statements of comprehensive income, stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2023, and the related notes and financial statement schedule listed in the Index at Item 15(a)2 and our report dated February 15, 2024 expressed an unqualified opinion thereon.
Basis for Opinion
18 unchanged sentences
OTHER INFORMATION
+Added: During the three months and year ended December 31, 2023, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
17 unchanged sentences
Report of Independent Registered Public Accounting Firm (PCAOB ID:
−Removed: 42 ), Consolidated Balance Sheets as of December 31, 2022 and 2021, Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2022, 2021 and 2020, Consolidated Statements of Cash Flows for the years ended December 31, 2022, 2021, and 2020, Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2022, 2021, 2020, and 2019 and Notes to Consolidated Financial Statements.
+Added: 42 ), Consolidated Balance Sheets as of December 31, 2023 and 2022, Consolidated Statements of Comprehensive Income for the years ended December 31, 2023, 2022 and 2021, Consolidated Statements of Cash Flows for the years ended December 31, 2023, 2022, and 2021, Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2023, 2022, 2021, and 2020 and Notes to Consolidated Financial Statements.
Financial Statement Schedule.
2 unchanged sentences
All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are not applicable, and therefore have been omitted.
+Added: Exhibit Description
+Added: Date of First Filing
+Added: Exhibit Number
Restated Articles of Incorporation
+Added: November 18, 2005
Amended and Restated Bylaws
+Added: February 24, 2012
Specimen of Common Stock Certificate
+Added: July 28, 2000
Warrant Agreement, dated as of April 23, 2020, by and between SkyWest, Inc.
and the United States Department of the Treasury
+Added: August 7, 2020
Form of Warrant (incorporated by reference to Annex B of Exhibit 4.2)
+Added: August 7, 2020
Warrant Agreement, dated as of September 29, 2020, by and between SkyWest, Inc.
and the United States Department of the Treasury
+Added: November 5, 2020
Form of Warrant (incorporated by reference to Annex B of Exhibit 4.4)
+Added: November 5, 2020
Warrant Agreement, dated as of January 15, 2021, by and between SkyWest, Inc.
and the United States Department of the Treasury
+Added: February 22, 2021
Form of Warrant (incorporated by reference to Annex B of Exhibit 4.6)
+Added: February 22, 2021
Warrant Agreement, dated as of April 23, 2021, by and between SkyWest, Inc.
2 unchanged sentences
Description of Registered Securities
+Added: February 18, 2020
Amended and Restated Delta Connection Agreement, dated as of September 8, 2005, between SkyWest Airlines, Inc.
and Delta Air Lines, Inc.
+Added: February 21, 2006
United Express Agreement dated July 31, 2003, between United Air Lines, Inc., and SkyWest Airlines, Inc.
+Added: November 14, 2003
Lease Agreement dated December 1, 1989 between Salt Lake City Corporation and SkyWest Airlines, Inc.
+Added: March 31, 1992
Master Purchase Agreement dated November 7, 2000 between Bombardier, Inc.
and SkyWest Airlines, Inc.
+Added: February 13, 2001
Supplement to Master Purchase Agreement dated November 7, 2000 between Bombardier, Inc.
and SkyWest Airlines, Inc.
+Added: November 14, 2003
SkyWest, Inc.
2002 Deferred Compensation Plan, as amended and restated, effective January 1, 2008
+Added: February 23, 2009
+Added: Exhibit Description
+Added: Date of First Filing
+Added: Exhibit Number
First Amendment to the Amended and Restated SkyWest, Inc.
2002 Deferred Compensation Plan
+Added: February 23, 2009
SkyWest, Inc.
2009 Employee Stock Purchase Plan
+Added: February 23, 2009
SkyWest, Inc.
2010 Long-Term Incentive Plan
+Added: March 12, 2010
Form of Restricted Stock Unit Award Agreement
+Added: February 27, 2017
Form of Performance Share Award Agreement
+Added: February 27, 2017
Aircraft Purchase Agreement, dated December 7, 2012, between Mitsubishi Aircraft Corporation and SkyWest, Inc.
+Added: June 25, 2013
Letter Agreement dated December 7, 2012, between Mitsubishi Aircraft Corporation and SkyWest, Inc.
+Added: June 25, 2013
Purchase Agreement COM0028-13, between Embraer S.A.
1 unchanged sentence
dated February 15, 2013
+Added: November 4, 2013
SkyWest, Inc.
2019 Long-Term Incentive Plan
−Removed: Severance and Release Agreement, dated as of February 12, 2019, by and between the Registrant and Terry M.
−Removed: Form of Indemnification Agreement
+Added: March 22, 2019
Payroll Support Program Agreement, dated of April 23, 2020, by and between SkyWest Airlines, Inc.
and the United States Department of the Treasury
+Added: August 7, 2020
Promissory Note, dated as of April 23, 2020, issued by SkyWest Airlines, Inc.
to the United States Department of the Treasury and guaranteed by SkyWest, Inc.
+Added: August 7, 2020
Restatement Agreement to the Loan and Guarantee Agreement, dated of October 28, 2020, by and among SkyWest Airlines, Inc., the United States Department of the Treasury and the Bank of New York Mellon
+Added: November 5, 2020
Amendment to Loan and Guarantee Agreement, dated as of January 15, 2021, by and among SkyWest Airlines, Inc., the United States Department of the Treasury and the Bank of New York Mellon.
+Added: February 22, 2021
Payroll Support Program Extension Agreement, dated as of January 15, 2021, by and between SkyWest Airlines, Inc.
and the United States Department of the Treasury
+Added: February 22, 2021
Promissory Note, dated as of January 15, 2021, issued by SkyWest Airlines, Inc.
to the United States Department of the Treasury and guaranteed by SkyWest, Inc.
+Added: February 22, 2021
Payroll Support Program 3 Agreement, dated as of April 23, 2021, by and between SkyWest Airlines, Inc.
and the United States Department of the Treasury
+Added: Exhibit Description
+Added: Date of First Filing
+Added: Exhibit Number
Promissory Note, dated as of April 23, 2021, issued by SkyWest Airlines, Inc.
to the United States Department of the Treasury and guaranteed by SkyWest, Inc.
+Added: Form of Indemnification Agreement
+Added: Filed herewith
Subsidiaries of the Registrant
+Added: February 22, 2021
Consent of Independent Registered Public Accounting Firm
8 unchanged sentences
Filed herewith
+Added: Policy for Recovery of Erroneously Awarded Compensation
+Added: Filed herewith
The following financial statements from the SkyWest Inc.
9 unchanged sentences
Management compensatory plan or arrangement.
−Removed: (1) Incorporated by reference to the exhibits to a Registration Statement on Form S -3 (File No.
−Removed: 333-129831) filed on November 18, 2005
−Removed: (2) Incorporated by reference to a Registration Statement on Form S- 3 (File No.
−Removed: 333-42508) filed on July 28, 2000
−Removed: (3) Incorporated by reference to Registrant’s Current Report on Form 8-K filed on September 13, 2005, as amended by Amendment No.
−Removed: 2 on Form 8-K/A filed on February 21, 2006
−Removed: (4) Incorporated by reference to exhibits to Registrant’s Quarterly Report on Form 10-Q filed on November 14, 2003
−Removed: (5) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed for the quarter ended December 31, 1986
−Removed: (6) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed on February 13, 2001
−Removed: (7) Incorporated by reference to the exhibits to Registrant’s Annual Report on Form 10-K filed on February 23, 2009
−Removed: (8) Incorporated by reference to Appendix A to Registrant's Definitive Proxy Statement on Schedule 14A (File No.
−Removed: 000-14719) filed on March 12, 2010
−Removed: (9) Incorporated by reference to the exhibits to Registrant’s Current Report on Form 8-K filed on December 13, 2012, as amended by Amendment No.
−Removed: 1 to Current Report on Form 8-K/A filed on June 25, 2013
−Removed: (10) Incorporated by reference to the exhibits to Registrant’s Annual Report on Form 10-K filed on February 24, 2012
−Removed: (11) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed on August 7, 2013, as amended by Amendment No.
−Removed: 1 to Quarterly Report on Form 10-Q/A filed on November 4, 2013
−Removed: (12) Incorporated by reference to the exhibits to Registrant’s Annual Report on Form 10-K filed on February 27, 2017
−Removed: (13) Incorporated by reference to Appendix B of the Registrant’s Definitive Proxy Statement on Schedule 14A filed on March 22, 2019
−Removed: (14) Incorporated by reference to Exhibit 10.1 of Registrant’s Current Report on Form 8-K filed on February 15, 2019
−Removed: (15) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed on August 7, 2020
−Removed: (16) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed on November 5, 2020
−Removed: (17) Incorporated by reference to the exhibits to Registrant’s Annual Report on Form 10-K filed on February 18, 2020
−Removed: (18) Incorporated by reference to the exhibits to Registrant’s Annual Report on Form 10-K filed on February 22, 2021
−Removed: (19) Incorporated by reference to the exhibits to Registrant’s Quarterly Report on Form 10-Q filed on May 6, 2021
+Added: (1) Exhibit is not available on the SEC’s website as it was filed in paper and predates EDGAR.
Form 10-K Summary
12 unchanged sentences
Allowance for inventory obsolescence
−Removed: Allowance for doubtful accounts receivable
−Removed: Allowance for credit losses (adoption of Topic 326)
+Added: Allowance for credit losses
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Act of 1934, as amended, the Registrant has duly caused this Annual Report on Form 10-K for the year ended December 31, 2023, to be signed on its behalf by the undersigned, thereunto duly authorized, on February 15, 2024.
27 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.