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SkyWest SKYW Valuation Allowances And Reserves Deductions
Valuation Allowances And Reserves Deductions at other companies
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Where this comes from
Reported directly by SkyWest in its filing.
Tagged under the XBRL concept us-gaap:ValuationAllowancesAndReservesDeductions.
The source filing: SkyWest’s 10-K, filed February 13, 2025.
- Filed
- Feb 13, 2025
- Fiscal year
- FY2024
- Accession
- 0001558370-25-000943
| Description / Year Ended December 31, 2024 | Balance at / Beginning / of Year | Additions / Charged to / Costs and / Expenses | Deductions | Balance at / End of Year |
|---|---|---|---|---|
| Allowance for inventory obsolescence | $26,089 | $2,661 | — | $28,750 |
| Allowance for credit losses | 18,699 | — | (3,628) | 15,071 |
| $44,788 | $2,661 | $(3,628) | $43,821 | |
| Year Ended December 31, 2023 | ||||
| Allowance for inventory obsolescence | $24,206 | $1,883 | — | $26,089 |
| Allowance for credit losses | 37,385 | — | (18,686) | 18,699 |
| $61,591 | $1,883 | $(18,686) | $44,788 | |
| Year Ended December 31, 2022 |
Item 16. Form 10-K Summary
FAQ
- What is SkyWest's valuation allowances and reserves deductions?
- SkyWest (SKYW) reported valuation allowances and reserves deductions of $907K in Q4 2024.
- How has SkyWest's valuation allowances and reserves deductions changed year-over-year?
- SkyWest's valuation allowances and reserves deductions decreased by 80.6% year-over-year, from $4.67M to $907K.
- What is the long-term trend for SkyWest's valuation allowances and reserves deductions?
- Over 3 years (2021 to 2024), SkyWest's valuation allowances and reserves deductions has grown at a -5.1% compound annual growth rate (CAGR), from $4.25M to $3.63M.
- What does valuation allowances and reserves deductions mean?
- The total amount of valuation allowances or reserves that were utilized or reversed during the period, typically due to the write-off of uncollectible accounts or the realization of assets previously reserved against. This metric helps investors understand the historical accuracy of previous reserve estimates and the impact of asset quality on earnings.
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